XML 47 R37.htm IDEA: XBRL DOCUMENT v3.22.0.1
ACQUISITIONS (Tables)
9 Months Ended
Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]  
Schedule of Business Acquisitions, by Acquisition
The acquisition-date fair value of the consideration totaled $289,774, which consisted of the following:

Fair value of purchase consideration
Cash, including call option exercise$132,863 
Common stock (515 shares)
94,154 
Contingent earn-out61,055 
Deferred payment1,702 
Total$289,774 
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed The following table summarizes the preliminary acquisition date fair value of net tangible and intangible assets acquired, net of liabilities assumed from Nordeus:
Fair ValueWeighted average useful life
Cash acquired$22,566 N/A
Other tangible assets18,174 N/A
Other liabilities assumed(63,283)N/A
Intangible Assets
Developed game technology186,500 9
User base3,200 1
Branding and trade names3,200 8
Game engine technology3,900 4
Goodwill115,517 N/A
Total$289,774 
Business Acquisition, Pro Forma Information
The amounts of revenue and earnings of Nordeus included in our Condensed Consolidated Statement of Operations from the acquisition date are as follows:
Three Months Ended December 31, 2021Nine Months Ended December 31, 2021
Net revenue$16,777 $29,003 
Net loss$10,676 $30,411 

The following table summarizes the pro-forma consolidated results of operations (unaudited) for the three and nine months ended December 31, 2021 and 2020, as though the acquisition had occurred on April 1, 2020, the beginning of fiscal year 2021, and Nordeus had been included in our consolidated results for the entire periods subsequent to that date.

Three Months Ended December 31,Nine Months Ended December 31,
2021202020212020
Pro forma Net revenue $903,252 $868,261 $2,584,640 $2,562,560 
Pro forma Net income$145,226 $170,297 $313,629 $359,176 
Schedule of Asset Acquisition The following table summarizes the acquisition date fair value of tangible assets, which are included within Fixed assets, net on our Condensed Consolidated
Balance Sheets, and intangible assets, which are included within Intangible assets, net on our Condensed Consolidated Balance Sheets, acquired:

Fair ValueWeighted average useful life
Building$31,104 30
Land38,243 N/A
Lease-in-place intangible asset2,176 4
Total$71,523