Acquisitions (Tables)
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9 Months Ended |
Dec. 31, 2018 |
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| Business Combinations [Abstract] |
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| Business Combination, Purchase Price Information |
The following table details the purchase price of the THS acquisition:
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Consideration to or on behalf of sellers
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$ |
204,596 |
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Fair value of total consideration transferred |
204,596 |
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| Schedule of Recognized Identified Assets Acquired and Liabilities Assumed |
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Assets acquired: |
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Cash |
$ |
1,534 |
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Accounts receivable |
14,351 |
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Inventories |
20,085 |
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Other current assets |
1,181 |
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Property, plant and equipment |
29,464 |
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Identifiable intangible assets |
79,002 |
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Goodwill |
85,637 |
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Total assets |
231,254 |
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Liabilities assumed: |
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Current liabilities |
6,832 |
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Other non-current liabilities |
500 |
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Non-current deferred tax liability |
19,326 |
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Total liabilities |
26,658 |
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Total consideration |
$ |
204,596 |
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| Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination |
Our identifiable intangible assets at December 31, 2018 that were related to the THS acquisition, inclusive of currency translation adjustments for the period, consisted of the following:
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Amortization period |
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Gross Carrying Amount at December 31, 2018 |
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Accumulated Amortization |
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Net Carrying Amount at December 31, 2018 |
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Gross Carrying Amount at March 31, 2018 |
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Accumulated Amortization |
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Net Carrying Amount at March 31, 2018 |
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Products |
10 Years |
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$ |
61,068 |
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$ |
7,125 |
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$ |
53,943 |
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$ |
64,611 |
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$ |
2,692 |
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$ |
61,919 |
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Customer relationships |
17 Years |
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10,543 |
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|
724 |
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9,819 |
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11,155 |
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|
273 |
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10,882 |
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Backlog |
1 Year |
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3,053 |
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3,053 |
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— |
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3,230 |
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1,346 |
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|
1,884 |
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Total |
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$ |
74,664 |
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$ |
10,902 |
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$ |
63,762 |
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$ |
78,996 |
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$ |
4,311 |
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$ |
74,685 |
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| Schedule of Final Fair Value of Assets |
. The table below summarizes our provisional estimates of the fair value of assets and liabilities assumed as well as the final fair value of assets and liabilities assumed:
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Provisional Fair Value |
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Final Fair Value |
Inventories |
$ |
20,489 |
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$ |
20,085 |
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Other current assets |
731 |
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|
1,181 |
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Goodwill |
87,540 |
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|
85,637 |
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Current liabilities |
6,255 |
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6,832 |
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Non-current deferred tax liability
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22,121 |
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|
19,326 |
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