Business Combinations (Tables)

12 Months Ended

Mar. 31, 2020

Business Combinations [Abstract]

Summary of Provisional Fair Values of Identifiable Assets and Liabilities

Net Assets acquired
Cash	$	330,665
Accounts receivable, net of allowance for doubtful accounts of $22,059		718,895
Contract assets		132,704
Prepaid and other current assets		115,265
Investment in business purchase option		146,500
Property and equipment, net		206,751
Goodwill		4,360,648
Other noncurrent assets		169,539
Identified intangible assets:
Customer relationships (life 12-16 years)		3,056,000
Tradenames (life 18 years)		146,000
Technology-based intangible assets (life 6-12 years)		1,188,000
Drafts and accounts payable		(60,637)
Accrued expenses		(559,456)
Deferred revenues, current		(292,528)
Current portion of long-term debt		(28,969)
Other current liabilities		(22,732)
Long-term debt, excluding current portion		(4,713,565)
Deferred income tax liabilities		(578,076)
Tax receivable agreement obligations with related parties		(176,586)
Other long-term liabilities		(102,675)
Net Assets acquired	$	4,035,743
Summary of purchase consideration:
Fair value of shares issued to SpinCo shareholders
(175,995,192 shares at $12.47 per share):
Common Stock, $0.001 par value	$	176
Additional paid-in capital		2,194,484
Fair value of Joint Venture equity interest previously held		1,589,040
Fair value of Joint Venture equity interest previously held through TEUs		216,764
Settlement of dividend receivable		42,778
Repayment of advances to member		(7,499)
Purchase consideration	$	4,035,743

Supplemental Pro Forma Results

	(Unaudited) Year ended March 31,
		2020		2019
Results of acquired business since acquisition date of March 10, 2020:
Revenue		$	196,792		n/a
Net income (loss)		$	297		n/a
Supplemental pro forma data for combined entity:
Revenue		$	3,290,734	$	3,133,907
Net income (loss)		$	(228,234)	$	(128,889)
Net income (loss) per share, basic and diluted		$	(0.75)	$	(0.43)