XML 35 R25.htm IDEA: XBRL DOCUMENT v3.22.0.1
Equity Method Investments and Related-Party Transactions (Tables)
9 Months Ended
Dec. 31, 2021
Equity Method Investments And Related Party Transactions [Abstract]  
The Difference Between Carrying Value of Investment in Euro Infrastructure Co. and Proportionate Share of Net Assets of Euro Infrastructure Co. and Summary of Condensed Financial Information of Significant Non-consolidated Equity Method Investment

The difference between the Company’s carrying value of its investment in EBI and its proportionate share of the net assets of EBI as of March 31, 2021 is summarized as follows:

 

 

 

As of
 March 31, 2021

 

 

 

 

Carrying value of investment in EBI

 

$

176,938

 

Less: proportionate share of net assets of Euro
   Infrastructure Co.

 

 

159,394

 

Excess carrying value of investment over
   proportionate share of net assets

 

$

17,544

 

The excess carrying value has been primarily
   assigned to:

 

 

 

Goodwill

 

$

23,978

 

Identifiable intangible assets

 

 

8,332

 

Tangible assets

 

 

(15,781

)

Deferred income taxes

 

 

1,015

 

 

 

$

17,544

 

Schedule of Related Party Transactions The following tables set forth the material related-party transactions entered into between EBI and its subsidiaries, on the one hand, and the Company and its subsidiaries, on the other hand, in the ordinary course of business for the time periods presented:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

December 31, 2020

 

 

December 31, 2020

 

 

 

(In thousands)

 

Revenue – EBI

 

$

8,319

 

 

$

9,743

 

Expense – EBI

 

 

4,163

 

 

 

12,331

 

Cash received – EBI

 

 

1,773

 

 

 

9,995

 

Cash paid – EBI

 

 

7,867

 

 

 

20,947

 

 

 

 

As of
 March 31, 2021

 

 

 

 

Collections in excess of revenues and deferred
   revenues – EBI

 

$

6,013

 

 

* Amount was insignificant.