Acquisitions (Tables)

3 Months Ended

Jun. 30, 2020

Business Combinations [Abstract]

Schedule of Purchase Price Allocation

The following table presents the purchase price allocation recorded in the Company's consolidated balance sheets on the acquisition date (in thousands):

	March 31, 2020
Net tangible assets	$	2,239
Goodwill (1)	14,057
Intangible assets	12,340
Net deferred tax liability	(2,713		)
Total purchase price consideration	$	25,923

⁽¹⁾  The goodwill represents the excess value over both tangible and intangible assets acquired and liabilities assumed. The goodwill recognized in this transaction is primarily attributable to expected operational synergies. None of the goodwill is expected to be deductible for tax purposes.

Intangible Assets

	March 31, 2020
	Fair Value		Estimated Useful Life
	(in thousands)		(in years)
Customer relationships - retailers	$	8,800	10
Customer relationships - e-commerce	40		3
Trademarks	3,500		10
Total identified intangible assets	$	12,340