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Business Combination (Tables)
3 Months Ended
Jun. 30, 2025
Business Combination [Abstract]  
Components and the allocation of the purchase price for acquisition

The following table sets forth the components and the allocation of the purchase price for our acquisition of Book4Time:

 (In thousands)

 

Total

 

 Components of Purchase Price:

 

 

 

 Cash

 

$

148,280

 

 Total purchase price

 

$

148,280

 

 Allocation of Purchase Price:

 

 

 

 Net tangible assets (liabilities):

 

 

 

 Accounts receivable, net

 

$

1,623

 

 Other current assets, including cash acquired

 

 

3,705

 

 Other assets

 

 

623

 

 Current and other liabilities

 

 

(1,973

)

 Deferred tax liabilities

 

 

(11,351

)

 Contract liabilities

 

 

(9,324

)

 Net tangible assets (liabilities)

 

 

(16,697

)

 Identifiable intangible assets:

 

 

 

 Customer relationships

 

 

35,800

 

 Non-competition agreements

 

 

5,500

 

 Developed technology

 

 

2,600

 

 Trade names

 

 

17,100

 

 Total identifiable intangible assets

 

 

61,000

 

 Goodwill

 

 

103,977

 

 Total purchase price allocation

 

$

148,280

 

Schedule of unaudited pro forma financial information

The following unaudited pro forma financial information for the three month periods ended June 30, 2025 and June 30, 2024, respectively, combines the historical results of Agilysys and of Book4Time, as converted to U.S. GAAP, for the respective periods:

 

 

Three Months Ended June 30,

 

 

 

2025

 

 

2024

 

(In thousands)

 

Pro Forma

 

 

Pro Forma

 

Revenue

 

$

76,675

 

 

$

67,954

 

Net income

 

$

6,026

 

 

$

8,330