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ACQUISITIONS: (Tables)
12 Months Ended
Mar. 31, 2017
Schedule of estimated fair values of assets acquired and liabilities assumed

The following table summarizes the fair values of assets acquired and liabilities assumed as of the date of the acquisitions (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

Assets acquired:

 

 

 

 

Cash

 

$

9,495

 

Trade accounts receivable

 

 

3,352

 

Goodwill

 

 

105,670

 

Intangible assets (Other assets)

 

 

40,800

 

Other current and noncurrent assets

 

 

278

 

Total assets acquired

 

 

159,595

 

Deferred income taxes

 

 

(8,093)

 

Accounts payable and accrued expenses

 

 

(4,623)

 

Net assets acquired

 

 

146,879

 

Less:

 

 

 

 

Cash acquired

 

 

(9,495)

 

Net cash paid

 

$

137,384

 

 

Schedule of components of intangible assets acquired and their estimated useful lives

The following table presents the components of intangible assets acquired and their estimated useful lives as of the acquisition date (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

Useful life

 

 

    

Fair value

    

(in years)

 

Publisher relationships

 

$

23,800

 

6

 

Developed technology

 

 

9,300

 

2 to 4

 

Customer relationships

 

 

7,100

 

6

 

Trade name

 

 

600

 

1

 

Total intangible assets

 

$

40,800

 

 

 

 

Arbor and Circulate  
Schedule of unaudited pro forma financial information

The unaudited pro forma financial information was as follows (dollars in thousands, except per share data):

 

 

 

 

 

 

 

 

 

 

2017

 

2016

 

Revenues

 

$

887,495

 

$

853,249

 

Net loss from continuing operations

 

$

(17,025)

 

$

(38,903)

 

Basic and diluted loss per share from continuing operations

 

$

(0.22)

 

$

(0.30)

 

 

LiveRamp, Inc.  
Schedule of estimated fair values of assets acquired and liabilities assumed

The following table summarizes the estimated fair values of assets acquired and liabilities assumed as of the date of the acquisition (dollars in thousands):

 

 

 

 

 

 

 

    

July 1, 2014

 

Assets acquired:

 

 

 

 

Cash

 

$

12,016

 

Trade accounts receivable

 

 

5,206

 

Deferred income tax assets

 

 

10,444

 

Goodwill

 

 

213,093

 

Developed technology (Software)

 

 

40,000

 

Other intangible assets (Other assets, net)

 

 

26,500

 

Other current and noncurrent assets

 

 

1,306

 

 

 

 

308,565

 

Deferred income tax liabilities

 

 

(18,945)

 

Accounts payable, accrued expenses and deferred revenue

 

 

(4,954)

 

Net assets acquired

 

 

284,666

 

Less:

 

 

 

 

Cash acquired

 

 

12,016

 

Net purchase price allocated

 

$

272,650

 

Less:

 

 

 

 

Fair value of stock options issued included in purchase price

 

 

6,978

 

Net cash paid

 

$

265,672

 

 

Schedule of acquisition date fair value of consideration transferred

The acquisition date fair value of the consideration transferred for LiveRamp was approximately $272.7 million which consisted of the following (dollars in thousands):

 

 

 

 

 

 

 

    

July 1, 2014

 

Cash, net of $12.0 million cash acquired

 

$

234,672

 

Restricted cash held in escrow

 

 

31,000

 

Fair value of stock options issued included in purchase price

 

 

6,978

 

Total fair value of consideration transferred

 

$

272,650

 

 

Schedule of intangible assets acquired

The following table presents the components of intangible assets acquired and their estimated useful lives as of the acquisition date (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

Useful life

 

 

    

Fair value

    

(in years)

 

Developed technology

 

$

40,000

 

4

 

Customer relationships

 

 

25,000

 

6

 

Trade name

 

 

1,500

 

2

 

Total intangible assets subject to amortization

 

$

66,500

 

 

 

 

Allant Television Division  
Schedule of estimated fair values of assets acquired and liabilities assumed

The following table presents the purchase price allocation related to assets acquired and liabilities assumed (dollars in thousands):

 

 

 

 

 

    

December 1, 2015

Assets acquired:

 

 

 

Trade accounts receivable

 

$

499

Goodwill

 

 

1,377

Developed technology (Software)

 

 

2,700

Other intangible assets (Other assets, net)

 

 

1,400

Net assets acquired

 

 

5,976

Accounts payable

 

 

(590)

Net cash paid

 

$

5,386