BUSINESS ACQUISITIONS (Tables)

9 Months Ended

Dec. 31, 2018

Business Combinations [Abstract]

Schedule of Business Acquisitions

The final fair values of the identifiable assets and liabilities of ESMHL were:

	Amount
Purchase consideration	$	280,000
Less: Cash acquired	21,357
Total allocable purchase consideration	$	258,643
	Amount
Assets
Property, plant and equipment , net	$	27,715
Goodwill	162,168
Software	9,980
Customer relationships	52,600
Brand	49,500
Equity affiliates	2,030
Other current and non-current assets (including restricted cash)	150,718
Liabilities
Trade payables	(17,516		)
Borrowings	(24,893		)
Accrued expenses and other current liabilities	(107,939		)
Non-controlling interests	(45,720		)
Total purchase price	$	258,643

The following table presents the purchase price and the estimated fair values of the identifiable assets acquired and liabilities assumed as of the acquisition date. These estimates are preliminary, pending final evaluation of certain assets, and therefore are subject to revisions that may result in adjustments to the values presented below:

	Amount
Stock consideration (based on shares outstanding immediately prior the closing date)	16,226,392
Closing share price on July 20, 2018	$	6.81
Total allocable purchase price	$	110,502
	Amount
Cash and cash equivalents	$	1,496
Other current assets	46,094
Property, plant and equipment, net	15,930
Identifiable intangible assets	28,960
Goodwill	63,282
Other non-current assets	3,204
Current liabilities	(21,485		)
Non-current liabilities	(26,979		)
Preliminary purchase price	$	110,502

Business Acquisition, Pro Forma Information

The amount of Startek's revenues and net loss since the July 20, 2018 acquisition date, included in our consolidated statements of operations and comprehensive income (loss) for the nine months ended December 31, 2018 were as follows:

	From July 20, 2018 through December 31, 2018
Revenues	$	106,186
Net loss	$	(11,849	)

The following table presents the unaudited pro forma information assuming the Aegis Transactions occurred on April 1, 2017. The unaudited pro forma information is not necessarily indicative of the results of operations that would have been achieved if the acquisition and related borrowings had taken place on that date:

	Nine Months Ended December 31, 2018			Year Ended March 31, 2018
Revenues	$	497,246		$	761,642
Net loss attributable to Startek shareholders	$	(20,006	)	$	(10,317	)
Net loss per common share - basic and diluted	$	(0.66	)	$	(0.50	)
Weighted average common shares outstanding - basic and diluted	30,518			20,600