Business Combinations (Tables)

3 Months Ended

Jun. 30, 2020

Business Combinations [Abstract]

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The following table summarizes the preliminary estimated fair values and estimated useful lives of the components of identifiable intangible assets acquired as of the Acquisition Date (in millions):

	Preliminary Fair Value		Estimated Useful Life (years)
Developed product technology	$	70.3	18.9
Customer relationships	3.6		4.0
Covenants not to compete	1.4		3.0
In-process research and development	4.6
Total identifiable intangible assets acquired	$	79.9

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary estimated fair values of the assets acquired and liabilities assumed at the Acquisition Date (in millions):

	Preliminary Fair Value
Cash and cash equivalents	$	0.6
Intangible assets	79.9
Deferred tax assets	8.7
Deferred tax liabilities	(19.4)
Other identifiable assets acquired, net	0.3
Net identifiable assets acquired	70.1
Goodwill	29.4
Net assets acquired	$	99.5

Schedule of Business Acquisitions, by Acquisition

The fair value of consideration transferred for the Celsee acquisition consists of the following (in millions):

Purchase price (cash)	$	99.4
Fair value of contingent consideration (earn-out)	0.1
Fair value of total consideration transferred	$	99.5