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Equity Method Investments and Related-Party Transactions (Tables)
9 Months Ended
Dec. 31, 2019
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.

The difference between the Company’s carrying value of its investment in Euro Infrastructure Co. and its proportionate share of the net assets of Euro Infrastructure Co. as of December 31, 2019 and March 31, 2019 is summarized as follows:

 

 

 

As of

December 31, 2019

 

 

As of

March 31, 2019

 

 

 

(In thousands)

 

Carrying value of investment in Euro Infrastructure Co.

 

$

158,358

 

 

$

160,711

 

Less: proportionate share of net assets of Euro

   Infrastructure Co.

 

 

143,139

 

 

 

145,016

 

Excess carrying value of investment over

   proportionate share of net assets

 

$

15,219

 

 

$

15,695

 

The excess carrying value has been primarily

   assigned to:

 

 

 

 

 

 

 

 

Goodwill

 

$

21,548

 

 

$

22,476

 

Identifiable intangible assets

 

 

9,090

 

 

 

10,670

 

Tangible assets

 

 

(16,418

)

 

 

(18,522

)

Deferred income taxes

 

 

999

 

 

 

1,071

 

 

 

$

15,219

 

 

$

15,695

 

Schedule of Related Party Transactions The following tables set forth the material related-party transactions entered into between Euro Infrastructure Co. 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, 2019

 

 

December 31, 2018

 

 

December 31, 2019

 

 

December 31, 2018

 

 

 

(In thousands)

 

Revenue – Euro Infrastructure Co.

 

$

*

 

 

$

1,620

 

 

$

8,469

 

 

$

4,798

 

Expense – Euro Infrastructure Co.

 

 

1,815

 

 

 

5,664

 

 

 

10,720

 

 

 

10,254

 

Cash received – Euro Infrastructure Co.

 

 

6,253

 

 

 

4,048

 

 

 

8,605

 

 

 

10,102

 

Cash paid – Euro Infrastructure Co.

 

 

3,198

 

 

 

6,585

 

 

 

10,654

 

 

 

10,677

 

 

 

 

As of

December 31, 2019

 

 

As of

March 31, 2019

 

 

 

(In thousands)

 

Collections in excess of revenues and deferred

   revenues – Euro Infrastructure Co.

 

$

3,113

 

 

$

4,703

 

 

*Amount was insignificant.