v3.25.2
ACQUISITION - Schedule of Consideration Transferred, the Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Thousands
Oct. 01, 2024
Apr. 02, 2024
Mar. 31, 2025
Mar. 31, 2024
Liabilities assumed:        
Goodwill     $ 383,146 $ 83,487
MiX Telematics        
Assets acquired:        
Cash and cash equivalents   $ 26,737    
Restricted cash   794    
Accounts receivable, net   24,250    
Inventory, net   4,142    
Prepaid expenses and other current assets   8,886    
Fixed assets, net   35,587    
Identifiable intangible assets acquired   153,000    
Right-of-use asset   3,794    
Deferred tax assets   1,093    
Other assets   973    
Total assets acquired   259,256    
Liabilities assumed:        
Short-term bank debt and current maturities of long-term debt   20,158    
Accounts payable and accrued expenses   26,400    
Deferred revenue - current   6,394    
Lease liability - current   859    
Income taxes payable   355    
Lease liability - less current portion   2,852    
Deferred tax liability   48,725    
Other long-term liabilities   484    
Total liabilities assumed   106,227    
Total identifiable net assets acquired   153,029    
Non-controlling interest   (5)    
Goodwill   216,799    
Purchase price consideration   369,823    
Fleet Complete        
Assets acquired:        
Cash and cash equivalents $ 3,964      
Restricted cash   $ 0    
Accounts receivable, net 19,990      
Inventory, net 6,598      
Prepaid expenses and other current assets 9,144      
Fixed assets, net 3,693      
Intangible assets, net 101,261      
Identifiable intangible assets acquired 99,000      
Computer software 2,261      
Right-of-use asset 2,823      
Deferred tax assets 0      
Other assets 4,555      
Total assets acquired 152,028      
Liabilities assumed:        
Accounts payable and accrued expenses 30,857      
Deferred revenue - current 3,088      
Lease liability - current 2,965      
Deferred revenue - less current portion 1,118      
Lease liability - less current portion 75      
Accrued severance payable 216      
Deferred tax liability 5,599      
Other long-term liabilities 405      
Total liabilities assumed 44,323      
Total identifiable net assets acquired 107,705      
Goodwill 82,245      
Purchase price consideration $ 189,950