Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.22.2.2
Acquisitions (Tables)
 6 Months Ended
Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]  
Summary of Fair Values of Assets Acquired and Liabilities Assumed
The fair values of the assets acquired and liabilities assumed at the date of the Fyber Acquisition are presented as follows1:
May 25, 2021 Measurement Period Adjustments May 25, 2021
(adjusted)
Assets acquired
Cash $ 71,489  $ —  $ 71,489 
Accounts receivable 64,877  166  65,043 
Other current assets 10,470  —  10,470 
Property and equipment 1,561  —  1,561 
Right-of-use asset 13,191  —  13,191 
Publisher relationships 106,400  (95) 106,305 
Developed technology 86,900  —  86,900 
Trade names 32,100  474  32,574 
Customer relationships 31,400  —  31,400 
Favorable lease 1,483  —  1,483 
Goodwill 303,015  (2,572) 300,443 
Other non-current assets 851  —  851 
Total assets acquired $ 723,737  $ (2,027) $ 721,710 
Liabilities assumed
Accounts payable $ 78,090  $ (1,501) $ 76,589 
Accrued license fees and revenue share 5,929  —  5,929 
Accrued compensation 52,929  —  52,929 
Other current liabilities 12,273  (1,739) 10,534 
Current portion of debt 25,789  —  25,789 
Deferred tax liability, net 25,213  3,627  28,840 
Other non-current liabilities 15,386  —  15,386 
Total liabilities assumed $ 215,609  $ 387  $ 215,996 
Total purchase price $ 508,128  $ (2,414) $ 505,714 
The fair values of the assets acquired and liabilities assumed at the date of the AdColony Acquisition are presented as follows:
April 29, 2021 Measurement Period Adjustments April 29, 2021
(adjusted)
Assets acquired
Cash $ 24,793  $ —  $ 24,793 
Accounts receivable 57,285  —  57,285 
Other current assets 1,845  —  1,845 
Property and equipment 1,566  —  1,566 
Right-of-use asset 2,460  —  2,460 
Customer relationships 102,400  (600) 101,800 
Developed technology 51,100  —  51,100 
Trade names 36,100  (100) 36,000 
Publisher relationships 4,400  —  4,400 
Goodwill 202,552  (3,502) 199,050 
Other non-current assets 131  —  131 
Total assets acquired $ 484,632  $ (4,202) $ 480,430 
Liabilities assumed
Accounts payable $ 21,140  $ —  $ 21,140 
Accrued license fees and revenue share 28,920  —  28,920 
Accrued compensation 8,453  —  8,453 
Other current liabilities 1,867  —  1,867 
Deferred tax liability, net 10,520  (2,377) 8,143 
Other non-current liabilities 1,770  —  1,770 
Total liabilities assumed $ 72,670  $ (2,377) $ 70,293 
Total purchase price $ 411,962  $ (1,825) $ 410,137 
Summary of Pro Forma Information The prior period year-to-date pro forma information is presented below. Adjustments for the Acquisitions were not a component in prior period quarter-to-date information and therefore does not differ from amounts presented on the condensed consolidated statements of operations and comprehensive income / (loss).
Six months ended September 30,
2021
Unaudited
(in thousands, except per share amounts)
Net revenue $ 369,040 
Net income / (loss) attributable to controlling interest $ (24,269)
Basic net income / (loss) attributable to controlling interest per common share $ (0.26)
Diluted net income / (loss) attributable to controlling interest per common share $ (0.26)