Acquisitions (Tables)

3 Months Ended

Jun. 30, 2021

Business Combination and Asset Acquisition [Abstract]

Summary of Fair Values of Assets Acquired and Liabilities Assumed

Due to the proximity of the Fyber Acquisition to our fiscal first quarter ended June 30, 2021, the fair values of the assets acquired and liabilities assumed at the date of acquisition are presented on a preliminary basis and are as follows1:

Assets acquired
Cash	$	71,489
Accounts receivable	64,877
Other current assets	10,470
Property and equipment	1,561
Right-of-use asset	13,191
Publisher relationships	106,400
Developed technology	86,900
Trade names	32,100
Customer relationships	31,400
Favorable lease	1,483
Goodwill	303,015
Other non-current assets	851
Total assets acquired	$	723,737
Liabilities assumed
Accounts payable	$	78,090
Accrued license fees and revenue share	5,929
Accrued compensation	52,929
Other current liabilities	12,273
Short-term debt	25,789
Deferred tax liability, net	25,213
Other non-current liabilities	15,386
Total liabilities assumed	$	215,609
Total purchase price	$	508,128

Due to the proximity of the AdColony Acquisition to our fiscal first quarter ended June 30, 2021, the fair values of the assets acquired and liabilities assumed at the date of acquisition are presented on a preliminary basis and are as follows:

Assets acquired
Cash	$	24,793
Accounts receivable	57,285
Other current assets	1,845
Property and equipment	1,566
Right-of-use asset	2,460
Customer relationships	102,400
Developed technology	51,100
Trade names	36,100
Publisher relationships	4,400
Goodwill	202,552
Other non-current assets	131
Total assets acquired	$	484,632
Liabilities assumed
Accounts payable	$	21,140
Accrued license fees and revenue share	28,920
Accrued compensation	8,453
Other current liabilities	1,867
Deferred tax liability, net	10,520
Other non-current liabilities	1,770
Total liabilities assumed	$	72,670
Total purchase price	$	411,962

Summary of Pro Forma Information

The pro forma information includes adjustments to record the assets and liabilities associated with the Acquisitions at their respective fair values, which are preliminary at this time, based on available information, and to give effect to the financing for the Acquisitions.

	Three months ended June 30,
	2021		2020
	Unaudited		Unaudited
	Restated
	(in thousands, except per share amounts)
Net revenues	$	180,472	$	102,376
Net income / (loss) attributable to controlling interest	$	(18,417)	$	3,585
Basic net income / (loss) attributable to controlling interest per common share	$	(0.20)	$	0.04
Diluted net income / (loss) attributable to controlling interest per common share	$	(0.20)	$	0.04