0000733269-23-000024 | 10-K | XBRL Viewer

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

12 Months Ended

Mar. 31, 2023

Revenue from Contract with Customer [Abstract]

In the following table, revenue is disaggregated by primary geographical market and major service offerings (dollars in thousands):


	Year ended March 31,
Primary Geographical Markets	2023		2022		2021
United States	$	556,219	$	495,765	$	415,976
Europe	32,210		26,373		22,515
Asia-Pacific ("APAC")	7,470		6,519		4,535
Other	684		—		—
	$	596,583	$	528,657	$	443,026

Major Offerings/Services
Subscription	$	482,807	$	428,617	$	356,597
Marketplace and Other	113,776		100,040		86,429
	$	596,583	$	528,657	$	443,026

GOODWILL (Details) - USD ($) $ in Thousands	12 Months Ended
GOODWILL (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Mar. 31, 2022
Goodwill
Goodwill at the beginning of year	$ 363,845	$ 357,446
Change in foreign currency translation adjustment	(524)	(613)
Goodwill at the end of year	363,116	363,845
Acuity Data
Goodwill
Acquisition of Diablo		$ 7,012
Diablo.AI, Inc.
Goodwill
Purchase price accounting adjustment related to acquisition of Diablo	$ (205)

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Revenues	$ 596,583	$ 528,657	$ 443,026
Cost of revenue	170,084	147,427	144,004
Gross profit	426,499	381,230	299,022
Operating expenses:
Research and development	189,195	157,935	135,111
Sales and marketing	202,437	182,763	177,543
General and administrative	125,351	104,591	104,201
Gains, losses and other items, net	35,316	1,479	2,715
Total operating expenses	552,299	446,768	419,570
Loss from operations	(125,800)	(65,538)	(120,548)
Total other income (expense), net	6,946	30,463	(252)
Loss from continuing operations before income taxes	(118,854)	(35,075)	(120,800)
Income tax expense (benefit)	5,252	(1,242)	(30,532)
Net loss from continuing operations	(124,106)	(33,833)	(90,268)
Earnings from discontinued operations, net of tax	5,404	0	0
Net loss	$ (118,702)	$ (33,833)	$ (90,268)
Basic earnings (loss) per share:
Continuing operations (in USD per share)	$ (1.87)	$ (0.50)	$ (1.36)
Discontinued operations (in USD per share)	0.08	0	0
Basic earnings (loss) per share (in USD per share)	(1.79)	(0.50)	(1.36)
Diluted earnings (loss) per share:
Continuing operations (in USD per share)	(1.87)	(0.50)	(1.36)
Discontinued operations (in USD per share)	0.08	0	0
Diluted earnings (loss) per share (in USD per share)	$ (1.79)	$ (0.50)	$ (1.36)

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) $ in Millions	12 Months Ended
	Mar. 31, 2023 USD ($) segment	Mar. 31, 2022 USD ($) reporting_unit	Mar. 31, 2021 USD ($)
Property, Plant and Equipment [Line Items]
Number of operating segments \| segment	1
Unbilled amounts included in accounts receivable	$ 16.7	$ 12.5
Capitalized contract cost amortization period		4 years
Recognition of capitalized contract cost	6.8	$ 8.0
Number of reporting units \| reporting_unit		3
Advertising expense	$ 12.9	$ 10.5	$ 7.0
Revenue Benchmark \| Customer Concentration Risk \| Ten Largest Customers
Property, Plant and Equipment [Line Items]
Concentration risk, percentage	29.00%
Revenue Benchmark \| Customer Concentration Risk \| Interpublic Group of Companies
Property, Plant and Equipment [Line Items]
Concentration risk, percentage	12.00%
Revenue Benchmark \| Product Concentration Risk \| Service
Property, Plant and Equipment [Line Items]
Concentration risk, percentage	5.00%
Minimum
Property, Plant and Equipment [Line Items]
Amortization period	2 years
Minimum \| Incentive Stock Option
Property, Plant and Equipment [Line Items]
Exercise price as a percentage of the per-share market value of the Company's shares at the date of grant	100.00%
Minimum \| Leasehold Improvements
Property, Plant and Equipment [Line Items]
Estimated useful life	2 years
Minimum \| Data Processing Equipment
Property, Plant and Equipment [Line Items]
Estimated useful life	2 years
Minimum \| Office Furniture and Other Equipment
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Maximum
Property, Plant and Equipment [Line Items]
Amortization period	6 years
Maximum \| Incentive Stock Option
Property, Plant and Equipment [Line Items]
Duration of stock options granted	10 years
Maximum \| Nonqualified Options
Property, Plant and Equipment [Line Items]
Exercise price as a percentage of the per-share market value of the Company's shares at the date of grant	100.00%
Duration of stock options granted	10 years
Maximum \| Leasehold Improvements
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Maximum \| Data Processing Equipment
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Maximum \| Office Furniture and Other Equipment
Property, Plant and Equipment [Line Items]
Estimated useful life	7 years

STOCKHOLDERS' EQUITY AND STOCK-BASED COMPENSATION

12 Months Ended

Mar. 31, 2023

Equity [Abstract]

STOCKHOLDERS' EQUITY AND STOCK-BASED COMPENSATION

STOCKHOLDERS' EQUITY AND STOCK-BASED COMPENSATION:

The Company has authorized 200 million shares of $0.10 par value common stock and 1 million shares of $1.00 par value preferred stock. The board of directors of the Company may designate the relative rights and preferences of the preferred stock when and if issued. Such rights and preferences could include liquidation preferences, redemption rights, voting rights and dividends, and the shares could be issued in multiple series with different rights and preferences. There has not been any preferred stock activity in the periods presented.

On August 29, 2011, the board of directors adopted a common stock repurchase program. That program was subsequently modified and expanded, most recently on December 20, 2022 to authorize an additional $100.0 million in share repurchases and extend the term of the existing common stock repurchase program. Under the modified common stock repurchase program, the Company may purchase up to $1.1 billion of its common stock through the period ending December 31, 2024. During the fiscal year ended March 31, 2023, the Company repurchased 6.1 million shares of its common stock for $150.0 million under the stock repurchase program. During the fiscal year ended March 31, 2022, the Company repurchased 1.3 million shares of its common stock for $58.6 million under the stock repurchase program. During the fiscal year ended March 31, 2021, the Company repurchased 1.3 million shares of its common stock for $42.3 million under the stock repurchase program. Through March 31, 2023, the Company has repurchased 35.6 million shares of its common stock for $882.2 million, leaving remaining capacity of $217.8 million under the stock repurchase program.

The Company paid no dividends on its common stock for any of the years reported.

Stock-based Compensation Plans

The Company has stock option, equity compensation, and stock purchase plans for which a total of 45.0 million shares of the Company’s common stock have been reserved for issuance since the inception of the plans. At March 31, 2023, there were a total of 5.4 million shares available for future grants under the plans, of which 1.1 million shares relate to the Company's qualified employee stock purchase plan.

During fiscal 2023, the board of directors voted to amend the Amended and Restated 2005 Equity Compensation Plan (the "2005 Plan") to increase the number of shares available under the plan by 4.5 million shares. The amendment received shareholder approval at the August 9, 2022 annual shareholders' meeting (the "2022 Annual Meeting"), bringing the plan shares from 37.9 million shares at June 30, 2022 to 42.4 million shares beginning in the quarter ended September 30, 2022. The board of directors also voted to amend the LiveRamp Holdings, Inc. Employee Stock Purchase Plan (the "ESPP") to increase the number of shares available under the plan by 1.0 million shares. The amendment received shareholder approval at the 2022 Annual Meeting bringing the ESPP shares from 0.4 million shares at June 30, 2022 to 1.4 million shares beginning in the quarter ended September 30, 2022. These actions bring the total number of shares reserved for issuance since inception of all plans from 39.5 million shares at June 30, 2022 to 45.0 million shares beginning in the quarter ended September 30, 2022.

During fiscal 2023, the board of directors voted to further amend the Company's 2005 Plan. The 2005 Plan was amended to provide that, in the event of a participant’s retirement on or after age 65 with at least five years of service, awards held by the participant at retirement will continue to vest in accordance with their terms. This amendment to the 2005 Plan impacted stock-based compensation expense by accelerating $5.4 million of expense recognition into fiscal 2023 that would have otherwise been recognized over future reporting periods through the quarter ending December 31, 2025.

Stock-based Compensation Expense

The Company's stock-based compensation activity for the twelve months ended March 31, 2023, 2022, and 2021, by award type, was (dollars in thousands):



	Year ended March 31,
	2023		2022		2021
Stock options	$	968	$	1,935	$	2,308

Restricted stock units	111,943		56,008		78,164
Diablo restricted stock awards	1,126		794		—

Data Plus Math ("DPM") acquisition consideration holdback	2,031		8,122		8,030
Pacific Data Partners assumed performance plan	—		9,101		18,388
Acuity performance plan	815		1,912		2,208
DataFleets acquisition consideration holdback	5,611		6,043		755
Employee stock purchase plan	2,051		1,803		704
Directors stock-based compensation	1,255		1,539		1,150
Total non-cash stock-based compensation included in the consolidated statements of operations	125,800		87,257		111,707
Less expense related to liability-based equity awards	(8,449)		(16,077)		(27,311)

Total non-cash stock-based compensation included in the consolidated statements of equity	$	117,351	$	71,180	$	84,396

The effect of stock-based compensation expense on income, by financial statement line item, was (dollars in thousands):



	Year ended March 31,
	2023		2022		2021
Cost of revenue	$	6,317	$	4,111	$	5,300
Research and development	55,407		32,112		38,960
Sales and marketing	29,429		28,586		40,401
General and administrative	34,647		22,448		27,046
Total non-cash stock-based compensation included in the consolidated statements of operations	$	125,800	$	87,257	$	111,707

In March 2023 and March 2021, the Company accelerated the vesting of certain time-vesting restricted stock units that would have otherwise vested over the following six months, respectively, to take advantage of cash tax savings opportunities.

•In March 2023, this resulted in the vesting of time-vesting restricted stock units covering approximately 1.5 million shares of common stock. The Company recognized $22.6 million of compensation costs related to the accelerated vesting of these units, which is included in loss from operations in the consolidated statement of operations. Of the $22.6 million compensation costs, $0.4 million represented incremental compensation cost due to the modification and $22.1 million represented accelerated original grant date fair value compensation cost.

•In March 2021, this resulted in the vesting of time-vesting and performance-based restricted stock units covering approximately 0.7 million shares of common stock. The Company recognized $21.4 million of compensation costs related to the accelerated vesting of these units, which is included in loss from operations in the consolidated statement of operations. Of the $21.4 million compensation costs, $8.4 million represented incremental compensation cost due to the modification and $13.0 million represented accelerated original grant date fair value compensation cost.

The following table provides the expected future expense for all of the Company's outstanding equity awards at March 31, 2023, by award type.


	For the years ending March 31,
	2024		2025		2026		Total
Stock options	$	583	$	125	$	—	$	708
Restricted stock units	49,579		59,676		15,304		124,559

Acuity performance plan	165		—		—		165
DataFleets acquisition consideration holdback	2,266		—		—		2,266
Employee stock purchase plan	361		—		—		361
Expected future expense	$	52,954	$	59,801	$	15,304	$	128,059

Stock Options Activity

In fiscal 2022, in connection with the acquisition of DataFleets, the Company replaced all unvested outstanding stock options held by DataFleets employees immediately prior to the acquisition with options to acquire shares of LiveRamp common stock having substantially the same terms and conditions as were applicable under the original options. In total, the Company issued 42,154 replacement options at a weighted-average exercise price of $0.70 per share. The acquisition-date fair value of the replacement stock options was $2.9 million and was determined using a binomial lattice model. All of the replacement options require post-combination service. As a result, the $2.9 million acquisition-date fair value is considered future compensation cost and will be recognized as stock-based compensation cost over the remaining service period of the replacement options.

Stock option activity for the twelve months ended March 31, 2023 was:


				Weighted average
		Weighted average		remaining	Aggregate
	Number of	exercise price		contractual term	Intrinsic value
	shares	per share		(In years)	(In thousands)
Outstanding at March 31, 2022	730,004	$	16.28

Exercised	(200,559)	$	11.06		$	3,681
Forfeited or canceled	(4,534)	$	2.48
Outstanding at March 31, 2023	524,911	$	18.39	1.6	$	1,857
Exercisable at March 31, 2023	514,870	$	18.73	1.5	$	1,646

The aggregate intrinsic value for options exercised in fiscal 2023, 2022, and 2021 was $3.7 million, $4.3 million, and $23.2 million, respectively. The aggregate intrinsic value at period end represents the total pre-tax intrinsic value (the difference between LiveRamp’s closing stock price on the last trading day of the period and the exercise price for each in-the-money option) that would have been received by the option holders had they exercised their options on March 31, 2023. This amount changes based upon changes in the fair market value of LiveRamp’s common stock.

A summary of stock options outstanding and exercisable as of March 31, 2023 was:


					Options outstanding				Options exercisable
Range of						Weighted average	Weighted average			Weighted average
exercise price					Options	remaining	exercise price		Options	exercise price
per share					outstanding	contractual life	per share		exercisable	per share
$	—	—	$	9.99	40,973	5.7 years	$	0.98	30,932	$	1.01
$	10.00	—	$	19.99	182,603	2.1 years	$	17.49	182,603	$	17.49
$	20.00	—	$	24.99	301,335	0.8 years	$	21.31	301,335	$	21.31

					524,911	1.6 years	$	18.39	514,870	$	18.73

Diablo Restricted Stock Awards

During fiscal 2022, in connection with the acquisition of Diablo, the Company replaced the unvested outstanding restricted stock shares held by a Diablo employee immediately prior to the acquisition with restricted shares of LiveRamp common stock having substantially the same terms and conditions as were applicable under the original restricted stock agreement. The conversion calculation resulted in issuance of 40,600 replacement restricted stock shares having an acquisition-date fair value of $1.9 million. The restricted shares vest subject to post-combination service requirements. As a result, the acquisition-date fair value is considered future compensation cost and was recognized as stock-based compensation cost over the vesting period of the awards.

Changes in the Company's restricted stock for the twelve months ended March 31, 2023 was:


		Weighted average
		fair value per		Weighted average
	Number	share at grant		remaining contractual
	of shares	date		term (in years)
Unvested restricted stock awards at March 31, 2022	24,766	$	47.29
Diablo replacement restricted stock award	—	$	47.29
Vested	(24,766)	$	47.29
Unvested restricted stock awards at March 31, 2023	—	$	—	n/a

The total fair value of restricted stock awards vested during the twelve months ended March 31, 2023 and 2022 was $0.6 million and $0.8 million, respectively, and is measured as the quoted market price of the Company's common stock on the vesting date for the number of shares vested.

Restricted Stock Unit Activity

Time-vesting restricted stock units ("RSUs") -

During the twelve months ended March 31, 2023, the Company granted time-vesting RSUs covering 4,352,078 shares of common stock and having a fair value at the date of grant of $107.2 million. The RSUs granted in the current year primarily vest over three years. Grant date fair value of these units is equal to the quoted market price for the shares on the date of grant.

During fiscal 2022, the Company granted time-vesting RSUs covering 3,037,440 shares of common stock and having a fair value at the date of grant of $143.4 million. The RSUs granted in fiscal 2022 primarily vest over four years. Grant date fair value of these units is equal to the quoted market price for the shares on the date of grant. Included in the RSUs granted in fiscal 2022 were units related to the Diablo and Rakam acquisitions (see Note 5). Following the closing of the Diablo acquisition, the Company granted new awards of RSUs covering 98,442 shares of common stock, and having a grant date fair value of $4.7 million, to select employees to induce them to accept employment with the Company. In connection with the Rakam acquisition, the Company extended employment agreements and granted new awards of RSUs, covering 55,927 shares of common stock having a grant date fair value of $2.6 million, to two key Rakam employees.

During fiscal 2021, the Company granted time-vesting RSUs covering 2,228,445 shares of common stock and having a fair value at the date of grant of $99.8 million. The RSUs granted in fiscal 2021 primarily vest over four years. Grant date fair value of these units is equal to the quoted market price for the shares on the date of grant. Included in the RSUs granted in fiscal 2021 were units related to the DataFleets acquisition. Following the closing of the DataFleets acquisition, the Company granted new awards of RSUs covering 193,595 shares of common stock, and having a grant date fair value of $13.5 million, to select employees and contractors to induce them to accept employment with the Company.

RSU activity for the twelve months ended March 31, 2023 was:


		Weighted-average
		fair value per		Weighted-average
	Number	share at grant		remaining contractual
	of shares	date		term (in years)
Outstanding at March 31, 2022	4,176,682	$	47.00	2.85
Granted	4,352,078	$	24.63
Vested	(1,614,868)	$	46.68
Units vested under the Company's March 2023 acceleration plan	(1,508,196)	$	30.42
Forfeited or canceled	(1,395,937)	$	37.07
Outstanding at March 31, 2023	4,009,759	$	32.57	2.20

The total fair value of RSUs vested during the twelve months ended March 31, 2023, 2022, and 2021 was $71.5 million, $30.3 million, and $126.9 million, respectively, and is measured as the quoted market price of the Company's common stock on the vesting date for the number of shares vested.

Performance-based restricted stock units ("PSUs") -

Fiscal 2023 plan:

During the twelve months ended March 31, 2023, the Company granted PSUs covering 406,501 shares of common stock having a fair value at the date of grant of $10.0 million. The grants were made under two separate performance plans.

Under the total shareholder return ("TSR") performance plan, units covering 121,951 shares of common stock were granted having a fair value at the date of grant of $3.7 million, determined using a Monte Carlo simulation model. The units vest subject to attainment of market conditions established by the compensation committee of the board of directors (“compensation committee”) and continuous employment through the vesting date. The units may vest in a number of shares from 0% to 200% of the award, based on the TSR of LiveRamp common stock compared to the TSR of the Russell 2000 market index for the period from April 1, 2022 to March 31, 2025.

Under the operating metrics performance plan, units covering 284,550 shares of common stock were granted having a fair value at the date of grant of $6.3 million, which was equal to the quoted market price for the shares on the date of grant. The units vest subject to attainment of performance criteria established by the compensation committee and continuous employment through the vesting date. The units may vest in a number of shares from 0% to 200% of the award, at the end of the performance period, based on the average attainment of annual revenue growth and EBITDA margin targets for fiscal years 2023, 2024, and 2025. To the extent that shares are earned, 50% vest immediately and 50% vest on the one-year anniversary of attainment approval.

Fiscal 2022 plans:

During fiscal 2022, the Company granted PSUs covering 249,152 shares of common stock having a fair value at the date of grant of $12.6 million. The grants were made under three separate performance plans.

Under a special incentive performance plan, units covering 36,425 shares of common stock were granted having a fair value at the date of grant of $1.7 million, which was equal to the quoted market price for the shares on the date of grant. The units vest subject to attainment of performance criteria established by the compensation committee and continuous employment through the vesting date. The units may vest in a number of shares from 0% to 100% of the award, based on the attainment of key productivity metrics for the period beginning at the date of grant and continuing through December 31, 2023. Attainment will be measured and vesting evaluated on a quarterly basis beginning on January 1, 2023 and continuing through the end of the performance period. Through March 31, 2023, measurements have resulted in an accumulated 63% achievement, or 22,948 total earned units, under this plan. At March 31, 2023, there remains a maximum potential of 13,477 additional units eligible for attainment under the plan.

Under the fiscal 2022 TSR performance plan, units covering 63,815 shares of common stock were granted having a fair value at the date of grant of $3.8 million, determined using a Monte Carlo simulation model. The units vest subject to attainment of market conditions established by the compensation committee and continuous employment through the vesting date. The units may vest in a number of shares from 0% to 200% of the award, based on the TSR of LiveRamp common stock compared to the TSR of the Russell 2000 market index for the period from April 1, 2021 to March 31, 2024.

Under the fiscal 2022 operating metrics performance plan, units covering 148,912 shares of common stock were granted having a fair value at the date of grant of $7.1 million, which was equal to the quoted market price for the shares on the date of grant. The units vest subject to attainment of performance criteria established by the compensation committee and continuous employment through the vesting date. The units may vest in a number of shares from 0% to 200% of the award, based on the attainment of trailing twelve-month revenue growth and EBITDA margin targets for the period from April 1, 2021 to March 31, 2024. Performance will be measured and vesting evaluated on a quarterly basis beginning with the period ending June 30, 2022 and continuing through the end of the performance period. To the extent that shares are earned in a given quarter, 50% vest immediately and 50% vest on the one-year anniversary of attainment approval, except that all earned but unvested shares will vest fully at the end of the measurement period. Through March 31, 2023, metrics measurements have resulted in an accumulated 50% achievement, or 58,312 total earned units, under this plan. As of March 31, 2023, there remains a maximum potential of 174,930 additional units eligible for attainment under the plan. Quarterly measurements of attainment will continue through March 31, 2024.

Fiscal 2021 plans:

During the fiscal 2021, the Company granted PSUs covering 246,524 shares of common stock having a fair value at the date of grant of $10.7 million. The grants were made under two separate performance plans.

Under the fiscal 2021 TSR performance plan, units covering 73,950 shares of common stock were granted having a fair value at the date of grant of $4.2 million, determined using a Monte Carlo simulation model. The units vest subject to attainment of market conditions established by the compensation committee and continuous employment through the vesting date. The units may vest in a number of shares from 0% to 200% of the award, based on the total shareholder return of LiveRamp common stock compared to total shareholder return of the Russell 2000 market index for the period from April 1, 2020 to March 31, 2023. Remaining units under the fiscal 2021 TSR PSU plan, covering 59,634 shares of common stock, reached maturity of their relevant performance period at March 31, 2023. The final performance measurement resulted in 0% attainment. The units are expected to be cancelled in the first quarter of fiscal 2024 upon compensation committee approval.

Under the fiscal 2021 operating metrics performance plan, units covering 172,574 shares of common stock were granted having a fair value at the date of grant of $6.5 million, which was equal to the quoted market price for the shares on the date of grant. The units vest subject to attainment of performance criteria established by the compensation committee and continuous employment through the vesting date. The units may vest in a number of shares from 0% to 200% of the award, based on the attainment of trailing twelve-month revenue growth and EBITDA margin targets for the period from April 1, 2020 to March 31, 2023. The operating metrics plan performance was measured and vesting evaluated on a quarterly basis beginning with the period ended June 30, 2021 and continuing through the end of the performance period. Through the March 31, 2023 final measurement date, an accumulated 50% achievement, or 71,666 total units were earned under this plan. Of the earned amount, one-half vested immediately, while the remaining one-half vests one year later. The remaining 69,588 units are expected to be cancelled in the first quarter of fiscal 2024 upon compensation committee approval.

PSU activity for the twelve months ended March 31, 2023 was:


		Weighted-average
		fair value per		Weighted-average
	Number	share at grant		remaining contractual
	of shares	date		term (in years)
Outstanding at March 31, 2022	584,468	$	51.26	1.01
Granted	406,501	$	24.65

Vested	(134,671)	$	45.96

Forfeited or canceled	(146,709)	$	61.20
Outstanding at March 31, 2023	709,589	$	34.97	1.38

The total fair value of PSUs vested in the twelve months ended March 31, 2023, 2022 and 2021 was $3.0 million, $6.7 million and $8.4 million, respectively, and is measured as the quoted market price of the Company’s common stock on the vesting date for the number of shares vested.

Other Stock Compensation Activity

Acquisition-related Performance Plan

As part of the Company's fiscal 2021 acquisition of Acuity, the Company will be obligated to pay up to an additional $5.1 million, settled in a variable number of shares of Company common stock, and subject to certain performance conditions and continued employment of each participant. Performance will be measured and vesting evaluated in three annual increments on the anniversary of the closing date (which date may be changed by the board of directors to an earlier date). Through March 31, 2023, the Company has recognized a total of $4.9 million as stock-based compensation expense related to the Acuity performance earnout plan. At March 31, 2023, the recognized, but unpaid, balance in other accrued expense in the consolidated balance sheet was $1.5 million. The final annual settlement of $1.7 million is expected to occur in the second quarter of fiscal 2024.

Acquisition-related Consideration Holdback

As part of the Company's fiscal 2021 acquisition of DataFleets, $18.1 million of the acquisition consideration otherwise payable with respect to shares of DataFleets common stock held by certain key employees was subject to holdback by the Company pursuant to agreements with those employees (each, a "Holdback Agreement"). Each Holdback Agreement specifies that the consideration holdback will vest in three equal annual increments on the anniversary of the closing date (which date may be changed by the board of directors to an earlier date). Vesting is subject to the DataFleets key employees' continued employment through each annual vesting date and will be settled in shares of Company common stock. Through March 31, 2023, the Company has recognized a total of $12.4 million as stock-based compensation expense related to the DataFleets consideration holdback. At March 31, 2023, the recognized, but unpaid, balance related to the DataFleets consideration holdback in other accrued expenses in the consolidated balance sheet was $0.3 million. The final annual settlement of $2.6 million is expected to occur in the fourth quarter of fiscal 2024.

As part of the Company's fiscal 2020 acquisition of Data Plus Math ("DPM"), $24.4 million of the acquisition consideration otherwise payable with respect to shares of DPM common stock held by certain key employees was subject to holdback by the Company pursuant to agreements with those employees (each, a "Holdback Agreement"). Each Holdback Agreement specifies that the consideration holdback will vest in three equal annual increments on the anniversary of the closing date (which date may be changed by the board of directors to an earlier date). Vesting is subject to the DPM key employees' continued employment through each annual vesting date and will be settled in shares of Company common stock. The final annual settlement was paid during the first quarter of fiscal 2023.

Qualified Employee Stock Purchase Plan ("ESPP")

Under the Company's ESPP, all eligible employees are permitted to authorize payroll deductions of up to the applicable ESPP and statutory limits to purchase shares of common stock. The ESPP provides for offering periods that are generally every six months. ESPP purchases generally occur on May 31st and November 30th each year. At each purchase date, employees are able to purchase shares at 85% of the lower of (1) the closing market price per share of common stock on the employee's enrollment into the applicable offering period and (2) the closing market price per share of common stock on the purchase date.

The Company calculates the fair value of the ESPP purchase right using the Black-Scholes option-pricing model. Stock-based compensation expense associated with the ESPP was $2.1 million, $1.8 million and $1.0 million for the twelve months ended March 31, 2023, 2022, and 2021, respectively.

During the twelve months ended March 31, 2023, 197,255 shares of common stock were purchased under the ESPP at a weighted-average price of $20.38 per share, resulting in cash proceeds of $4.0 million over the relevant offering periods. During the twelve months ended March 31, 2022, 103,447 shares of common stock were purchased under the ESPP at a weighted-average price of $41.44 per share, resulting in cash proceeds of $4.3 million over the relevant offering periods. During the twelve months ended March 31, 2021, 44,980 shares of common stock were purchased under the ESPP at a weighted-average price of $41.53 per share, resulting in cash proceeds of $1.9 million over the relevant offering periods.

At March 31, 2023, there was approximately $0.4 million of total unrecognized stock-based compensation expense related to the ESPP, which is expected to be recognized on a straight-line basis over the remaining term of the current offering period.

Accumulated Other Comprehensive Income

Accumulated other comprehensive income accumulated balances of $4,504 and $5,730 at March 31, 2023 and March 31, 2022, respectively, reflect accumulated foreign currency translation adjustments.

STOCKHOLDERS' EQUITY AND STOCK-BASED COMPENSATION - Future Expense, by Award Type (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Share-based compensation
Total	$ 128,059
2024
Share-based compensation
Total	52,954
2025
Share-based compensation
Total	59,801
2026
Share-based compensation
Total	15,304
Stock options
Share-based compensation
Share-based compensation not yet recognized	708
Stock options \| 2024
Share-based compensation
Share-based compensation not yet recognized	583
Stock options \| 2025
Share-based compensation
Share-based compensation not yet recognized	125
Stock options \| 2026
Share-based compensation
Share-based compensation not yet recognized	0
Restricted stock units
Share-based compensation
Future share-based compensation expense expected	124,559
Restricted stock units \| 2024
Share-based compensation
Future share-based compensation expense expected	49,579
Restricted stock units \| 2025
Share-based compensation
Future share-based compensation expense expected	59,676
Restricted stock units \| 2026
Share-based compensation
Future share-based compensation expense expected	15,304
Acuity Performance Earnout \| Acuity Data
Share-based compensation
Future share-based compensation expense expected	165
Acuity Performance Earnout \| Acuity Data \| 2024
Share-based compensation
Future share-based compensation expense expected	165
Acuity Performance Earnout \| Acuity Data \| 2025
Share-based compensation
Future share-based compensation expense expected	0
Acuity Performance Earnout \| Acuity Data \| 2026
Share-based compensation
Future share-based compensation expense expected	0
Consideration Holdback \| DataFleets, Ltd
Share-based compensation
Future share-based compensation expense expected	2,266
Consideration Holdback \| DataFleets, Ltd \| 2024
Share-based compensation
Future share-based compensation expense expected	2,266
Consideration Holdback \| DataFleets, Ltd \| 2025
Share-based compensation
Future share-based compensation expense expected	0
Consideration Holdback \| DataFleets, Ltd \| 2026
Share-based compensation
Future share-based compensation expense expected	0
Employee stock purchase plan
Share-based compensation
Future share-based compensation expense expected	361
Total	400
Employee stock purchase plan \| 2024
Share-based compensation
Future share-based compensation expense expected	361
Employee stock purchase plan \| 2025
Share-based compensation
Future share-based compensation expense expected	0
Employee stock purchase plan \| 2026
Share-based compensation
Future share-based compensation expense expected	$ 0

INCOME TAX

12 Months Ended

Mar. 31, 2023

Income Tax Disclosure [Abstract]

INCOME TAX

INCOME TAX:

Total income tax expense (benefit) was allocated as follows (dollars in thousands):


	Year ended March 31,
	2023		2022		2021
Continuing operations	$	5,252	$	(1,242)	$	(30,532)
Discontinued operations	(7,070)		—		—


	$	(1,818)	$	(1,242)	$	(30,532)

Income tax expense (benefit) attributable to loss from continuing operations consists of (dollars in thousands):


	Year ended March 31,
	2023		2022		2021
Current:
U.S. Federal	$	6,325	$	(1,227)	$	(28,060)
Non-U.S.	1,086		305		17
State	(2,274)		1,220		(1,071)
	5,137		298		(29,114)
Deferred:
U.S. Federal	155		(895)		(1,205)
Non-U.S.	(83)		(608)		(44)
State	43		(37)		(169)
	115		(1,540)		(1,418)
Total	$	5,252	$	(1,242)	$	(30,532)

Income (loss) before income tax attributable to U.S. and non-U.S. continuing operations consists of (dollars in thousands):


	Year ended March 31,
	2023		2022		2021
U.S.	$	(122,994)	$	(37,415)	$	(122,257)
Non-U.S.	4,140		2,340		1,457
Total	$	(118,854)	$	(35,075)	$	(120,800)

Income (loss) before income taxes, as shown above, is based on the location of the entity to which such income (losses) are attributable. However, since such income (losses) may be subject to taxation in more than one country, the income tax expense (benefit) shown above as U.S. or non-U.S. may not correspond to the income (loss) shown above.

Below is a reconciliation of expected income tax benefit, computed by applying the U.S. federal statutory rate of 21.0% to loss before income taxes, to actual income tax expense (benefit) from continuing operations (dollars in thousands):


	Year ended March 31,
	2023		2022		2021
Computed expected income tax benefit	$	(24,959)	$	(7,366)	$	(25,368)
Increase (reduction) in income taxes resulting from:
State income taxes, net of federal benefit	(2,440)		691		(979)
Research and other tax credits	(4,363)		(3,107)		(4,635)

Nondeductible expenses	669		673		1,104

Stock-based compensation	3,486		5,576		(2,024)
Non-U.S. subsidiaries taxed at other rates	491		(364)		194
Adjustment to valuation allowances	33,197		2,520		2,230


Other, net	(829)		135		(1,054)
	$	5,252	$	(1,242)	$	(30,532)

On March 27, 2020, the U.S. enacted The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). The CARES Act included several significant changes and clarifications to existing tax law, including changes to the treatment of net operating losses (“NOLs”). Under the CARES Act, NOLs arising in tax years beginning after December 31, 2017, and before January 1, 2021 may be carried back to each of the five tax years preceding the tax year of the loss. The Company carried back its fiscal 2021 NOL, resulting in an expected refund of approximately $28 million, which is included in Refundable income taxes, net on the consolidated balance sheets. The Company also carried back its fiscal 2020 NOL, resulting in a refund of approximately $33 million, which was received in fiscal 2022.

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities at March 31, 2023 and 2022 are presented below (dollars in thousands).


	Year ended March 31,
	2023		2022
Deferred tax assets:
Accrued expenses	$	5,287	$	5,682

Lease liabilities	11,613		14,090
Net operating loss carryforwards	22,504		25,737
Stock-based compensation	3,335		8,022
Nonqualified deferred compensation	2,797		3,119
Property and equipment	585		496
Tax credit carryforwards	7,779		7,588
Capitalized research and development	26,357		385
Other	253		1,351
Total deferred tax assets	80,510		66,470
Less valuation allowance	(61,152)		(37,399)
Net deferred tax assets	19,358		29,071
Deferred tax liabilities:
Prepaid expenses	(2,411)		(2,296)


Right-of-use assets	(6,011)		(13,691)
Intangible assets	(829)		(4,603)
Deferred commissions	(9,153)		(7,562)

Total deferred tax liabilities	(18,404)		(28,152)
Net deferred tax assets	$	954	$	919

At March 31, 2023, the Company has U.S. state net operating loss carryforwards of approximately $118.1 million, of which $16.6 million will not expire and the remainder will expire in various amounts and will completely expire if not used by 2043. The Company has foreign net operating loss carryforwards of approximately $89.8 million. Of this amount, $79.4 million will not expire. The remainder expires in various amounts and will completely expire if not used by 2031. The Company has U.S. state credit carryforwards of $9.8 million, of which $8.8 million will not expire and the remainder will expire in various amounts and will completely expire if not used by 2037.

In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. Realization of the Company’s net deferred tax assets is dependent upon its generation of sufficient taxable income of the proper character in future years in appropriate tax jurisdictions to obtain benefit from the reversal of temporary differences and the use of net operating loss and credit carryforwards.

Based upon the weight of available evidence, including the Company’s history of losses from continuing operations, management believes that it is not more likely than not the Company will realize the benefits of its deductible temporary differences and net operating loss and credit carryforwards. Accordingly, the Company has established a full valuation allowance against its net U.S. federal and state deferred tax assets as of March 31, 2023 and 2022, respectively.

Based upon the Company's history of losses in certain non-U.S. jurisdictions, the Company has not recorded a benefit for current foreign losses in these jurisdictions. In addition, management believes it is not more likely than not the Company will realize the benefits of certain foreign net operating loss carryforwards and has established valuation allowances in the amount of $20.8 million against deferred tax assets in such jurisdictions. No valuation allowance has been established against deferred tax assets in non-U.S. jurisdictions in which historical profits and forecasted continuing profits exist.

The current year increase in the valuation allowance is primarily attributable to the impact of the capitalization of research and development expenditures in accordance with IRC Section 174, as modified by the Tax Cuts and Jobs Act of 2017.

The following table sets forth changes in the total gross unrecognized tax benefits for the fiscal years ended March 31, 2023, 2022 and 2021 (dollars in thousands):


	Year ended March 31,
	2023		2022		2021
Balance at beginning of period	$	23,817	$	25,026	$	23,400
Increases related to prior year tax positions	93		411		—
Decreases related to prior year tax positions	(522)		—		(139)
Increases related to current year tax positions	2,229		990		1,765
Settlements with taxing authorities	(166)		—		—
Lapse of statute of limitations	(3,827)		(2,610)		—
Balance at end of period	$	21,624	$	23,817	$	25,026

Gross unrecognized tax benefits as of March 31, 2023 was $21.6 million, of which $18.6 million would reduce the Company’s effective tax rate in future periods if and when realized. The Company reports accrued interest and penalties related to unrecognized tax benefits in income tax expense. The combined amount of accrued interest and penalties related to tax positions on tax returns was approximately $4.8 million as of March 31, 2023. Accrued interest and penalties increased by $0.5 million during fiscal 2023. The Company does not anticipate a material reduction of unrecognized tax benefits within the next 12 months.

The Company files a consolidated U.S. federal income tax return and tax returns in various state and local jurisdictions. The Company’s subsidiaries also file tax returns in various foreign jurisdictions in which they operate. In the U.S., the statute of limitations for Internal Revenue Service examinations remains open for the Company’s federal income tax returns for fiscal years after 2015. The Company’s federal income tax return for fiscal year 2019 is currently under Internal Revenue Service examination. The status of other U.S. state and foreign tax examinations varies by jurisdiction. The Company does not anticipate any material adjustments to its consolidated financial statements resulting from tax examinations currently in progress.

On August 16, 2022, President Biden signed into law the Inflation Reduction Act of 2022 (the “Inflation Reduction Act”). Under the Inflation Reduction Act, share repurchases made after December 31, 2022 will be subject to a 1% excise tax. In determining the total taxable value of shares repurchased, a deduction is allowed for the fair market value of any newly issued shares during the fiscal year. The excise tax and other corporate income tax changes included in the Inflation Reduction Act are not expected to have a material impact on our consolidated financial statements.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI https://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

RESTRUCTURING, IMPAIRMENT AND OTHER CHARGES (Tables)

12 Months Ended

Mar. 31, 2023

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Activity

The reserve balances are included in other accrued expenses and other liabilities in the consolidated balance sheets (dollars in thousands).


	Employee-related reserves		Lease accruals		Total
Balances at March 31, 2020	450		6,243		6,693
Restructuring charges and adjustments	1,663		62		1,725
Payments	(1,288)		(2,387)		(3,675)
Balances at March 31, 2021	$	825	$	3,918	$	4,743
Restructuring charges and adjustments	—		(19)		(19)
Payments	(778)		(872)		(1,650)
Balances at March 31, 2022	$	47	$	3,027	$	3,074
Restructuring charges and adjustments	7,792		2,946		10,738
Payments	(7,080)		(1,100)		(8,180)
Balances at March 31, 2023	$	759	$	4,873	$	5,632

Schedule of Gains, Losses and Other Items

The following table summarizes the activity included in gains, losses and other items, net in the consolidated statements of operations for each of the periods presented (dollars in thousands):


	Year ended March 31,
		2023		2022		2021
Employee-related restructuring plan charges and adjustments		$	7,792	$	(19)	$	1,725
Lease-related restructuring plan charges and adjustments		2,946		—		—
Early contract terminations		—		1,042		—
ROU asset group impairments		24,599		—		—
Other		(21)		456		990
		$	35,316	$	1,479	$	2,715

PROPERTY AND EQUIPMENT - Schedule of Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Mar. 31, 2022
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 39,393	$ 45,001
Less accumulated depreciation and amortization	32,308	33,470
Property and equipment, net of accumulated depreciation and amortization	7,085	11,531
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	25,262	28,224
Data processing equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	6,537	7,001
Office furniture and other equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 7,594	$ 9,776

STOCKHOLDERS' EQUITY AND STOCK-BASED COMPENSATION - Narrative (Details)					1 Months Ended		3 Months Ended	12 Months Ended
	Mar. 31, 2023 USD ($) $ / shares shares	Dec. 13, 2021 shares	Apr. 21, 2021 USD ($)	Feb. 17, 2021 USD ($) numberOfAnnualIncrement	Mar. 31, 2023 USD ($) $ / shares shares	Mar. 31, 2021 USD ($) numberOfAnnualIncrement $ / shares shares	Mar. 31, 2023 USD ($) $ / shares shares	Mar. 31, 2023 USD ($) $ / shares shares	Mar. 31, 2022 USD ($) $ / shares shares	Mar. 31, 2021 USD ($) numberOfAnnualIncrement $ / shares shares	Mar. 31, 2020 USD ($) numberOfAnnualIncrement	Dec. 20, 2022 USD ($)	Sep. 30, 2022 shares	Jun. 30, 2022 shares	Jul. 16, 2020 USD ($)
Share-based compensation
Common stock, shares authorized (in shares) \| shares	200,000,000				200,000,000		200,000,000	200,000,000	200,000,000
Common stock, par or stated value (in dollars per share) \| $ / shares	$ 0.10				$ 0.10		$ 0.10	$ 0.10	$ 0.10
Preferred stock, shares authorized (in shares) \| shares	1,000,000				1,000,000		1,000,000	1,000,000	1,000,000
Preferred stock, par or stated value (in dollars per shares) \| $ / shares	$ 1.00				$ 1.00		$ 1.00	$ 1.00	$ 1.00
Acquisition of treasury stock								$ 149,997,000	$ 58,621,000	$ 42,312,000
Treasury stock, at cost (in shares) \| shares	87,400,000				87,400,000		87,400,000	87,400,000	81,200,000
Treasury stock, at cost	$ 2,252,034,000				$ 2,252,034,000		$ 2,252,034,000	$ 2,252,034,000	$ 2,099,765,000
Dividends, common stock								$ 0
Total shares reserved for issuance since inception of the stock option and equity compensation plans (in shares) \| shares													42,400,000	37,900,000
Number of available shares (in shares) \| shares								4,500,000
Exercised (in dollars per share) \| $ / shares								$ 11.06
Exercised								$ 3,681,000
Award vesting rights percentage								50.00%
Award vesting percentage after one year								50.00%
Future expense for performance stock option units	128,059,000				128,059,000		128,059,000	$ 128,059,000
Accumulated other comprehensive income (loss), foreign currency translation adjustment	4,504,000				4,504,000		4,504,000	4,504,000	$ 5,730,000
Common Stock Repurchase Program
Share-based compensation
Stock repurchase program, authorized amount	$ 1,100,000,000				$ 1,100,000,000		$ 1,100,000,000	$ 1,100,000,000				$ 100,000,000
Acquisition of treasury stock (in shares) \| shares								6,100,000	1,300,000	1,300,000
Acquisition of treasury stock								$ 150,000,000	$ 58,600,000	$ 42,300,000
Treasury stock, at cost (in shares) \| shares	35,600,000				35,600,000		35,600,000	35,600,000
Treasury stock, at cost	$ 882,200,000				$ 882,200,000		$ 882,200,000	$ 882,200,000
Stock repurchase program, remaining amount	217,800,000				217,800,000		217,800,000	$ 217,800,000
Performance Based Stock Units
Share-based compensation
Granted (in shares) \| shares								406,501
Aggregate fair value of restricted stock units granted								$ 10,000,000
Performance stock
Share-based compensation
Granted (in shares) \| shares										246,524
Diablo.AI, Inc.
Share-based compensation
Vesting period			3 years
Holdback consideration transferred			$ 1,200,000
Acuity Data
Share-based compensation
Business combination, contingent consideration arrangements, range of outcomes, value, high						$ 5,100,000				$ 5,100,000					$ 5,100,000
Non-cash stock-based compensation expense								4,900,000
Business combination, contingent consideration, liability, expected costs	1,700,000				1,700,000		1,700,000	1,700,000
Acuity Data \| Accrued Liabilities
Share-based compensation
Business combination, contingent consideration, liability	$ 1,500,000				$ 1,500,000		$ 1,500,000	1,500,000
DataFleets, Ltd
Share-based compensation
Total fair value of the replacement stock options issued				$ 2,900,000					2,900,000
Holdback consideration transferred										$ 18,100,000
Holdback expenses								12,400,000
Holdback expenses, expected costs								2,600,000
DataFleets, Ltd \| Consideration Holdback
Share-based compensation
Business combination, contingent consideration arrangements, range of outcomes, value, high				$ 18,100,000
Business combination, contingent consideration arrangements, number of annual increments \| numberOfAnnualIncrement				3		3				3
DataFleets, Ltd \| Accrued Liabilities
Share-based compensation
Holdback expenses								300,000
Data Plus Math Corporation
Share-based compensation
Holdback consideration transferred											$ 24,400,000
Data Plus Math Corporation \| Consideration Holdback
Share-based compensation
Business combination, contingent consideration arrangements, number of annual increments \| numberOfAnnualIncrement											3
Stock options
Share-based compensation
Share-based compensation expense								968,000	1,935,000	$ 2,308,000
Exercised								3,700,000	$ 4,300,000	23,200,000
Stock options \| DataFleets, Ltd
Share-based compensation
Shares issued in period (in shares) \| shares									42,154
Exercised (in dollars per share) \| $ / shares									$ 0.70
Restricted Stock \| Diablo.AI, Inc.
Share-based compensation
Conversion of convertible securities (in shares) \| shares									40,600
Conversion of convertible securities									$ 1,900,000
Vested in period, fair value								$ 600,000	$ 800,000
Outstanding at the end of the period (in shares) \| shares	0				0		0	0	24,766
Restricted stock units
Share-based compensation
Share-based compensation expense								$ 111,943,000	$ 56,008,000	$ 78,164,000
Restricted stock units \| Rakam Technology Asset Acquisition
Share-based compensation
Granted (in shares) \| shares		2,600,000
Vesting period		4 years
Restricted stock units \| Vesting in Four Years
Share-based compensation
Granted (in shares) \| shares								4,352,078
Aggregate fair value of restricted stock units granted								$ 107,200,000
Vesting period								3 years	4 years	4 years
Restricted stock units \| Time Based Vesting
Share-based compensation
Forfeited in period (in shares) \| shares								1,395,937
Vested in period, fair value								$ 71,500,000	$ 30,300,000	$ 126,900,000
Granted (in shares) \| shares								4,352,078	3,037,440	2,228,445
Aggregate fair value of restricted stock units granted									$ 143,400,000	$ 99,800,000
Outstanding at the end of the period (in shares) \| shares	4,009,759				4,009,759		4,009,759	4,009,759	4,176,682
Restricted stock units \| Time Based Vesting \| Rakam Technology Asset Acquisition
Share-based compensation
Granted (in shares) \| shares									55,927
Aggregate fair value of restricted stock units granted									$ 2,600,000
Restricted stock units \| Performance Based Stock Units
Share-based compensation
Granted (in shares) \| shares								121,951
Aggregate fair value of restricted stock units granted								$ 3,700,000
Restricted stock units \| ATS Performance Plan Vesting Total Shareholder Return
Share-based compensation
Granted (in shares) \| shares									36,425
Aggregate fair value of restricted stock units granted									$ 1,700,000
Restricted stock units \| ATS Performance Plan Vesting Total Shareholder Return \| Minimum
Share-based compensation
Award vesting rights percentage									0.00%
Restricted stock units \| ATS Performance Plan Vesting Total Shareholder Return \| Maximum
Share-based compensation
Award vesting rights percentage									100.00%
Restricted stock units \| Performance Shares Vesting Total Shareholder Return
Share-based compensation
Granted (in shares) \| shares									63,815	73,950
Aggregate fair value of restricted stock units granted									$ 3,800,000	$ 4,200,000
Restricted stock units \| Performance Shares Vesting Total Shareholder Return \| Minimum
Share-based compensation
Award vesting rights percentage									0.00%	0.00%
Restricted stock units \| Performance Shares Vesting Total Shareholder Return \| Maximum
Share-based compensation
Award vesting rights percentage									200.00%	200.00%
Restricted stock units \| Performance stock
Share-based compensation
Forfeited in period (in shares) \| shares								146,709
Granted (in shares) \| shares								406,501	249,152	59,634
Aggregate fair value of restricted stock units granted									$ 12,600,000	$ 10,700,000
Outstanding at the end of the period (in shares) \| shares	709,589				709,589		709,589	709,589	584,468
The total fair value of performance-based restricted stock units								$ 3,000,000	$ 6,700,000	$ 8,400,000
Restricted stock units \| Performance Based Stock Units Under Operating Metrics
Share-based compensation
Granted (in shares) \| shares								284,550
Aggregate fair value of restricted stock units granted								$ 6,300,000
Restricted stock units \| Performance Based Stock Units Under Operating Metrics \| Minimum
Share-based compensation
Award vesting rights percentage								0.00%
Restricted stock units \| Performance Based Stock Units Under Operating Metrics \| Maximum
Share-based compensation
Award vesting rights percentage								200.00%
Restricted stock units \| 2021 Performance Shares That Will Vest Immediately
Share-based compensation
Forfeited in period (in shares) \| shares	22,948							71,666
Hurdle achievement, percentage	63.00%							50.00%
Outstanding at the end of the period (in shares) \| shares	13,477				13,477		13,477	13,477
Restricted stock units \| 2021 Performance Shares That Will Vest In One Year
Share-based compensation
Vesting period								1 year
Award vesting rights percentage								0.00%
Outstanding at the end of the period (in shares) \| shares	69,588				69,588		69,588	69,588
Restricted stock units \| Share-based Payment Arrangement, Tranche Three
Share-based compensation
Forfeited in period (in shares) \| shares					1,500,000	700,000
Compensation costs					$ 22,600,000	$ 21,400,000
Incremental compensation cost					400,000	8,400,000
Accelerated original grant date fair value compensation cost					$ 22,100,000	$ 13,000,000
Restricted stock units \| Performance Shares Vesting Under The Second Plan
Share-based compensation
Granted (in shares) \| shares										172,574
Aggregate fair value of restricted stock units granted										$ 6,500,000
Restricted stock units \| Performance Shares Vesting Under The Second Plan \| Minimum
Share-based compensation
Award vesting rights percentage										0.00%
Restricted stock units \| Performance Shares Vesting Under The Second Plan \| Maximum
Share-based compensation
Award vesting rights percentage										200.00%
Restricted stock units \| Diablo.AI, Inc.
Share-based compensation
Share-based compensation expense								$ 1,126,000	$ 794,000	$ 0
Restricted stock units \| Data Plus Math Corporation \| Time Based Vesting
Share-based compensation
Granted (in shares) \| shares									98,442	193,595
Aggregate fair value of restricted stock units granted									$ 4,700,000	$ 13,500,000
Employee stock purchase plan
Share-based compensation
Total shares reserved for issuance since inception of the stock option and equity compensation plans (in shares) \| shares													1,400,000	400,000
Number of shares per employee (in shares) \| shares								1,100,000
Number of available shares (in shares) \| shares								1,000,000
Share-based compensation expense								$ 2,051,000	$ 1,803,000	$ 704,000
Stock purchase offering period								6 months
Purchase of common stock percentage								85.00%
Stock issued during period, ESPP (in shares) \| shares								197,255	103,447	44,980
Shares issued, price per share (in dollars per share) \| $ / shares	$ 20.38				$ 20.38	$ 41.53	$ 20.38	$ 20.38	$ 41.44	$ 41.53
Stock issued during period, ESPP, value								$ 4,000,000	$ 4,300,000	$ 1,900,000
Future expense for performance stock option units	$ 400,000				$ 400,000		$ 400,000	$ 400,000
Stock Option and Equity Compensation Plans
Share-based compensation
Total shares reserved for issuance since inception of the stock option and equity compensation plans (in shares) \| shares	45,000,000				45,000,000		45,000,000	45,000,000					45,000,000	39,500,000
Stock Option and Equity Compensation Plans \| Employee stock purchase plan
Share-based compensation
Shares which remained available for future grants (in shares) \| shares	5,400,000				5,400,000		5,400,000	5,400,000
2005 Plan
Share-based compensation
Duration of stock options granted							5 years
Share-based compensation expense							$ 5,400,000
Operating Metrics Performance Plan \| Restricted stock units
Share-based compensation
Forfeited in period (in shares) \| shares									58,312
Award vesting rights percentage									50.00%
Outstanding at the end of the period (in shares) \| shares	174,930				174,930		174,930	174,930
Operating Metrics Performance Plan \| Restricted stock units \| Performance stock
Share-based compensation
Granted (in shares) \| shares									148,912
Aggregate fair value of restricted stock units granted									$ 7,100,000
Operating Metrics Performance Plan \| Restricted stock units \| Performance stock \| Minimum
Share-based compensation
Award vesting rights percentage									0.00%
Operating Metrics Performance Plan \| Restricted stock units \| Performance stock \| Maximum
Share-based compensation
Award vesting rights percentage									200.00%
Operating Metrics Performance Plan \| Restricted stock units \| 2023 Performance-Based Stock Units That Will Vest On The One Year Anniversary Of Attainment
Share-based compensation
Vesting period								1 year
Operating Metrics Performance Plan \| Restricted stock units \| 2022 Performance Shares That Will Vest Immediately
Share-based compensation
Award vesting percentage after one year									50.00%
Operating Metrics Performance Plan \| Restricted stock units \| 2022 Performance-Based Stock Units That Will Vest On The One Year Anniversary Of Attainment
Share-based compensation
Vesting period									1 year
Award vesting percentage after one year									50.00%
2021 Performance Shares That Will Vest Immediately \| Restricted stock units
Share-based compensation
Award vesting rights percentage								50.00%
2021 Performance Shares That Will Vest In One Year \| Restricted stock units
Share-based compensation
Award vesting rights percentage								50.00%
Qualified Employee Stock Purchase Plan \| Employee stock purchase plan
Share-based compensation
Share-based compensation expense								$ 2,100,000	$ 1,800,000	$ 1,000,000

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STOCKHOLDERS' EQUITY AND STOCK-BASED COMPENSATION - Non-vested Performance-based Restricted Stock Unit Activity (Details) - Performance stock - $ / shares	3 Months Ended	12 Months Ended
	Jun. 30, 2022	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Non-vested restricted stock unit activity
Granted (in shares)				246,524
Restricted stock units
Non-vested restricted stock unit activity
Outstanding at the beginning of the period (in shares)	584,468	584,468
Granted (in shares)		406,501	249,152	59,634
Vested (in shares)		(134,671)
Forfeited or cancelled (in shares)		(146,709)
Outstanding at the end of the period (in shares)		709,589	584,468
Non-vested restricted stock units, Weighted average fair value per share at grant date
Outstanding at the beginning of the period (in dollars per share)	$ 51.26	$ 51.26
Granted (in dollars per share)		24.65
Vested (in dollars per share)		45.96
Forfeited or cancelled (in dollars per share)		61.20
Outstanding at the end of the period (in dollars per share)		$ 34.97	$ 51.26
Weighted average remaining contractual term (in years)	1 year 3 days	1 year 4 months 17 days

OTHER ACCRUED EXPENSES (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Mar. 31, 2022
Business Acquisition [Line Items]
Liabilities of non-qualified retirement plan	$ 12,110	$ 15,528
Short-term lease liabilities (see Note 3)	9,929	8,984
Other miscellaneous accrued expenses	11,615	10,864
Other accrued expenses	35,736	46,067
Rakam Technology Asset Acquisition
Business Acquisition [Line Items]
Rakam consideration holdback	223	223
Data Plus Math Corporation
Business Acquisition [Line Items]
Business combination, contingent consideration, liability, current	0	6,092
Acuity Data
Business Acquisition [Line Items]
Business combination, contingent consideration, liability, current	1,535	2,420
DataFleets, Ltd
Business Acquisition [Line Items]
Business combination, contingent consideration, liability, current	324	756
Diablo.AI, Inc.
Business Acquisition [Line Items]
Business combination, contingent consideration, liability, current	$ 0	$ 1,200

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GOODWILL (Tables)

12 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill by Operating Segment and Activity and by Component included in each Segment

Changes in goodwill for the twelve months ended March 31, 2023 and 2022 were as follows (dollars in thousands):


	Total
Balance at March 31, 2021	$	357,446
Acquisition of Diablo	7,012
Change in foreign currency translation adjustment	(613)
Balance at March 31, 2022	$	363,845
Purchase price accounting adjustment related to acquisition of Diablo	(205)
Change in foreign currency translation adjustment	(524)
Balance at March 31, 2023	$	363,116

Goodwill by geography as of March 31, 2023 was:


	Total
U.S.	$	360,155
APAC	2,961
Balance at March 31, 2023	$	363,116

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (g)
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Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (e)
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Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
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-Paragraph 1
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Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 20
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-Paragraph 1A
-URI https://asc.fasb.org/extlink&oid=121556970&loc=SL108378252-109267

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267

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-Name Accounting Standards Codification
-Topic 350
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-Paragraph 24
-URI https://asc.fasb.org/extlink&oid=122137925&loc=d3e14258-109268

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

+ Details

PROPERTY AND EQUIPMENT (Tables)

12 Months Ended

Mar. 31, 2023

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment

Property and equipment is summarized as follows (dollars in thousands):


	March 31, 2023		March 31, 2022

Leasehold improvements	$	25,262	$	28,224
Data processing equipment	6,537		7,001
Office furniture and other equipment	7,594		9,776
	39,393		45,001
Less accumulated depreciation and amortization	32,308		33,470
Property and equipment, net of accumulated depreciation and amortization	$	7,085	$	11,531

FAIR VALUE OF FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS

12 Months Ended

Mar. 31, 2023

Fair Value Disclosures [Abstract]

FAIR VALUE OF FINANCIAL INSTRUMENTS

FAIR VALUE OF FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS:

The Company measures certain financial assets at fair value. Fair value is determined based upon the exit price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants, as determined by either the principal market or the most advantageous market. Inputs used in the valuation techniques to derive fair values are classified based on a three-level hierarchy, as follows:

•Level 1 - Quoted prices in active markets for identical assets or liabilities.

•Level 2 - Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which all significant inputs are observable or can be derived principally from or corroborated by observable market data for substantially the full term of the assets or liabilities.

•Level 3 - Unobservable inputs to the valuation methodology that are significant to the measurement of fair value of assets or liabilities.

The following table details the fair value measurements within the fair value hierarchy of the Company's financial assets and liabilities at March 31, 2023 and March 31, 2022 that are measured at fair value on a recurring basis (dollars in thousands):


	March 31, 2023
	Cash and Cash Equivalents		Short-Term Investments		Other Current Assets		Total
Cash	$	22,603	$	—	$	—	$	22,603
Level 1:
Money market funds	439,853		—		—		439,853
Assets of non-qualified retirement plan	—		—		12,110		12,110
U.S. Treasury securities	1,992		25,307		—		27,299
Certificates of deposit	—		7,500		—		7,500
Total	$	464,448	$	32,807	$	12,110	$	509,365


	March 31, 2022
	Cash and Cash Equivalents		Short-Term Investments		Other Current Assets		Total
Cash	$	23,402					$	23,402
Level 1:
Money market funds	576,760		—		—		576,760
Assets of non-qualified retirement plan	—		—		15,528		15,528

Certificates of deposit	—		7,500		—		7,500
Total	$	600,162	$	7,500	$	15,528	$	623,190

For certain financial instruments, including accounts receivable and accounts payable, the carrying amounts approximate their fair value due to the relatively short maturity of these balances.

The Company held $1.6 million and $5.7 million of strategic investments without readily determinable fair values at March 31, 2023 and March 31, 2022, respectively (see Note 7). These investments are included in other assets on the consolidated balance sheets. During the twelve months ended March 31, 2023, the Company recorded a $4.0 million impairment of a strategic investment that is recorded in other expense in the consolidated statement of operations. There were no impairment charges for the twelve months ended March 31, 2022.

Certain of the Company's non-financial assets were measured at fair value on a nonrecurring basis during the twelve months ended March 31, 2023, including property and equipment and right-of-use assets that were reduced to fair value when they were impaired as a result of the Company's lease-related restructuring plans. For additional information on the Company's fair value measurement in connection with the impairment of certain property and equipment and right-of-use assets associated with office facilities, see Note 3 and Note 8.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

INCOME TAX - Reconciliation of Expected Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Computed expected income tax benefit	$ (24,959)	$ (7,366)	$ (25,368)
Increase (reduction) in income taxes resulting from:
State income taxes, net of federal benefit	(2,440)	691	(979)
Research and other tax credits	(4,363)	(3,107)	(4,635)
Nondeductible expenses	669	673	1,104
Stock-based compensation	3,486	5,576	(2,024)
Non-U.S. subsidiaries taxed at other rates	491	(364)	194
Adjustment to valuation allowances	33,197	2,520	2,230
Other, net	(829)	135	(1,054)
Total	$ 5,252	$ (1,242)	$ (30,532)

STOCKHOLDERS' EQUITY AND STOCK-BASED COMPENSATION- AMS Restricted Stock Unit Accelerations (Details) - Restricted stock units - USD ($) $ in Millions		12 Months Ended
	Dec. 13, 2021	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Rakam Technology Asset Acquisition
Share-based compensation
Granted (in shares)	2,600,000
Vesting period	4 years
Vesting in Four Years
Share-based compensation
Granted (in shares)		4,352,078
Aggregate fair value of restricted stock units granted		$ 107.2
Vesting period		3 years	4 years	4 years
Time Based Vesting
Share-based compensation
Granted (in shares)		4,352,078	3,037,440	2,228,445
Aggregate fair value of restricted stock units granted			$ 143.4	$ 99.8
Time Based Vesting \| Rakam Technology Asset Acquisition
Share-based compensation
Granted (in shares)			55,927
Aggregate fair value of restricted stock units granted			$ 2.6
Time Based Vesting \| Data Plus Math Corporation
Share-based compensation
Granted (in shares)			98,442	193,595
Aggregate fair value of restricted stock units granted			$ 4.7	$ 13.5

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ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Summary of the Activity of the Allowance for Doubtful Accounts, Returns and Credits (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ 9,961	$ 7,617	$ 7,575
Additions charged to costs and expenses	1,776	4,217	2,915
Other changes	10	(3)	108
Bad debts written off, net of amounts recovered	(2,403)	(1,870)	(2,981)
Balance at end of period	$ 9,344	$ 9,961	$ 7,617

LEASES (Tables)

12 Months Ended

Mar. 31, 2023

Leases [Abstract]

Schedule of Right-of-use Asset and Lease Liability Balances

Right-of-use assets and lease liabilities balances consist of the following (dollars in thousands):



	March 31, 2023			March 31, 2022
Right-of-use assets included in other assets, net	$	24,604		$	59,459
Short-term lease liabilities included in other accrued expenses	$	9,929		$	8,984
Long-term lease liabilities included in other liabilities	$	37,243		$	52,241

Supplemental balance sheet information:
Weighted average remaining lease term	5.6 years			6.4 years
Weighted average discount rate	3.5		%	3.6		%

Schedule of Future Minimum Payments under all Operating Leases

Future minimum payments under all operating leases (including operating leases with a duration of one year or less) as of March 31, 2023 are as follows (dollars in thousands):


	Amount
Fiscal 2024	$	10,090
Fiscal 2025	9,116
Fiscal 2026	8,283
Fiscal 2027	8,017
Fiscal 2028	8,238
Thereafter	8,346
Total undiscounted lease commitments	52,090
Less: Interest and short-term leases	4,918
Total discounted operating lease liabilities	$	47,172

FOREIGN OPERATIONS (Tables)

12 Months Ended

Mar. 31, 2023

Segments, Geographical Areas [Abstract]

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas

The following table shows financial information by geographic area (dollars in thousands):


	Year ended March 31,
Revenue	2023		2022		2021
United States	$	556,219	$	495,765	$	415,976
Foreign
Europe	32,210		26,373		22,515
APAC	7,470		6,519		4,535
Other	684		—		—
All Foreign	40,364		32,892		27,050

	$	596,583	$	528,657	$	443,026

Long-lived assets excluding financial instruments (dollars in thousands):


	March 31,
	2023		2022
United States	$	452,555	$	509,014
Foreign
Europe	1,643		4,174
APAC	3,946		4,714
All Foreign	5,589		8,888
	$	458,144	$	517,902

OTHER LIABILITIES (Tables)

12 Months Ended

Mar. 31, 2023

Other Liabilities Disclosure [Abstract]

Schedule of Other Liabilities

Other liabilities consist of the following (dollars in thousands):


	March 31, 2023		March 31, 2022
Uncertain tax positions	$	23,427	$	24,374
Long-term lease liabilities (see Note 3)	37,243		52,241
Lease restructuring accruals	5,713		3,619
Deferred tax liabilities	298		305
Other	5,117		5,571
Other liabilities	$	71,798	$	86,110

OTHER ACCRUED EXPENSES

12 Months Ended

Mar. 31, 2023

Other Accrued Expenses [Abstract].

OTHER ACCRUED EXPENSES

OTHER ACCRUED EXPENSES:

Other accrued expenses consist of the following (dollars in thousands):


	March 31, 2023		March 31, 2022
Liabilities of non-qualified retirement plan	$	12,110	$	15,528
Short-term lease liabilities (see Note 3)	9,929		8,984

DPM acquisition consideration holdback (see Note 14)	—		6,092
Acuity performance earnout liability (see Note 14)	1,535		2,420
DataFleets consideration holdback (see Note 14)	324		756

Diablo consideration holdback	—		1,200
Rakam consideration holdback	223		223
Other miscellaneous accrued expenses	11,615		10,864
Other accrued expenses	$	35,736	$	46,067

ACQUISITIONS - Purchase Price Allocation Related to Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands				12 Months Ended
	Apr. 21, 2021	Feb. 17, 2021	Jul. 16, 2020	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Business Acquisition [Line Items]
Goodwill				$ 363,116	$ 363,845	$ 357,446
Net cash paid				$ 0	$ 19,107	$ 76,012
Diablo.AI, Inc.
Business Acquisition [Line Items]
Cash	$ 131
Goodwill	6,807
Intangible assets	3,500
Total assets acquired	10,438
Deferred income taxes	(505)
Accounts payable and accrued expenses	(65)
Net assets acquired	9,868
Net cash paid	8,537
Cash acquired	(131)
Cash held back	(1,200)
Net purchase price allocated	$ 9,737
DataFleets, Ltd
Business Acquisition [Line Items]
Cash		$ 2,099
Goodwill		56,436
Intangible assets		11,400
Other current and noncurrent assets		1,119
Total assets acquired		71,054
Deferred income taxes		(1,716)
Accounts payable and accrued expenses		(75)
Net assets acquired		69,263
Net cash paid		58,264
Cash acquired		(2,099)
Cash held back		(8,900)
Net purchase price allocated		$ 67,164
Acuity Data
Business Acquisition [Line Items]
Cash			$ 184
Trade accounts receivable			156
Goodwill			2,011
Intangible assets			1,100
Other current and noncurrent assets			43
Total assets acquired			3,494
Deferred income taxes			(288)
Accounts payable and accrued expenses			(89)
Net assets acquired			3,117
Net cash paid			2,933
Cash acquired			$ (184)

AUDIT INFORMATION	12 Months Ended
AUDIT INFORMATION	Mar. 31, 2023
Audit Information [Abstract]
Auditor Firm ID	185
Auditor Name	KPMG LLP
Auditor Location	Dallas, Texas

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Mar. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Reconciliation of Numerator And Denominator of Basic and Diluted Loss Per Share

A reconciliation of the numerator and denominator of basic and diluted loss per share is shown below (in thousands, except per share amounts):



	Year ended March 31,
		2023		2022		2021
Net loss from continuing operations		$	(124,106)	$	(33,833)	$	(90,268)
Earnings from discontinued operations, net of tax		5,404		—		—
Net loss		$	(118,702)	$	(33,833)	$	(90,268)

Basic weighted-average shares outstanding		66,352		68,211		66,304
Dilutive effect of common stock options and restricted stock as computed under the treasury stock method (1)		—		—		—
Diluted weighted-average shares outstanding		66,352		68,211		66,304

Net earnings (loss) per common share, basic and diluted
Continuing operations		$	(1.87)	$	(0.50)	$	(1.36)
Discontinued operations		0.08		—		—
Net loss		$	(1.79)	$	(0.50)	$	(1.36)

(1) The number of common stock options and restricted stock units as computed under the treasury stock method that would have otherwise been dilutive but are excluded from the table above because their effect would have been anti-dilutive due to the net loss position of the Company was 0.7 million, 1.3 million, and 2.7 million for the years ended March 31, 2023, 2022, and 2021, respectively.

Schedule of Anti-dilutive Options, Warrants and Restricted Stock Units Excluded from Computation of Loss Per Share

Restricted stock units that were outstanding during the years presented but were not included in the computation of diluted loss per share because their effect would have been anti-dilutive (other than due to the net loss position of the Company) are shown below (shares in thousands):



	Year ended March 31,
	2023	2022	2021
Number of shares underlying restricted stock units	2,376	686	90

Schedule of Activity of the Allowance For Credit Losses, Returns And Credits

A summary of the activity of the allowance for credit losses, returns and credits was (dollars in thousands):


Year ended:	Balance at beginning of period		Additions charged to costs and expenses	Other changes	Bad debts written off, net of amounts recovered	Balance at end of period
March 31, 2021	$	7,575	2,915	108	(2,981)	$	7,617
March 31, 2022	$	7,617	4,217	(3)	(1,870)	$	9,961
March 31, 2023	$	9,961	1,776	10	(2,403)	$	9,344

Schedule of Weighted Average Useful Lives of Intangible Assets

The weighted average useful lives of our intangible assets were as follows:


						Weighted Average Useful Life (years)
Developed technology						3.9
Customer relationships						5.3
Publisher and Data Supply relationships						4.0

Schedule of Accounting Pronouncements Adopted During the Current Year and Recent Accounting Pronouncements not yet Adopted


Accounting Pronouncements Adopted During the Current Year -

Standard	Description	Date of Adoption	Effect on Financial Statements or Other Significant Matters
Accounting Standard Update (“ASU”) 2021-08 Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers	ASU 2021-08 requires companies to recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with the revenue recognition guidance as if the acquirer had entered into the original contract at the same time, and on the same terms, as the acquiree. Generally, this will result in the acquirer recognizing contract assets and liabilities at the same amounts recorded by the acquiree as of the acquisition date. Under the previous standard, an acquirer generally recognizes such items at fair value on the acquisition date. This update is effective for fiscal years beginning after December 15, 2022 with early adoption permitted.	April 1, 2022	The adoption of this standard did not have a material impact on our consolidated financial statements and related disclosures.


Recent accounting pronouncements not yet adopted -

Standard	Description	Date of Adoption	Effect on Financial Statements or Other Significant Matters
There are no material accounting pronouncements applicable to the Company not yet adopted

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net loss	$ (118,702)	$ (33,833)	$ (90,268)
Other comprehensive income (loss):
Change in foreign currency translation adjustment	(1,226)	(1,792)	1,777
Comprehensive loss	$ (119,928)	$ (35,625)	$ (88,491)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

OTHER CURRENT AND NONCURRENT ASSETS - Schedule of Other Current and Noncurrent Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Mar. 31, 2022
Other current assets
Prepaid expenses and other	$ 18,918	$ 13,947
Assets of non-qualified retirement plan	12,110	15,528
Other current assets	31,028	29,475
Other noncurrent assets
Long-term prepaid revenue share	9,659	13,468
Right-of-use assets (see Note 3)	24,604	59,459
Deferred tax asset	1,253	1,224
Deposits	3,452	4,486
Strategic investments	1,600	5,700
Other miscellaneous noncurrent assets	477	877
Other assets, net	$ 41,045	$ 85,214

INCOME TAX - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
INCOME TAX - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Income Tax Examination [Line Items]
Deferred tax assets, valuation allowance	$ 61,152	$ 37,399
Gross unrecognized tax benefits	21,624	23,817	$ 25,026	$ 23,400
Gross unrecognized tax benefits that would impact effective tax rate	18,600
Accrued interest and penalties related to tax positions on tax returns	4,800
Increase in accrued interest and penalties related to tax positions on tax returns	500
Federal tax authority
Income Tax Examination [Line Items]
Credit carryforwards that will not expire	16,600
State and Local Jurisdiction
Income Tax Examination [Line Items]
Operating loss carryforwards	118,100
Tax credit carryforward, amount	9,800
Foreign Tax Authority
Income Tax Examination [Line Items]
Foreign net operating loss carryforwards	89,800
Deferred tax assets, valuation allowance	20,800
Tax Year 2021
Income Tax Examination [Line Items]
Income tax examination, refund adjustment from settlement with taxing authority			$ 28,000
Tax Year 2020
Income Tax Examination [Line Items]
Income tax examination, refund adjustment from settlement with taxing authority		$ (33,000)
Indefinite Tax Year
Income Tax Examination [Line Items]
Foreign net operating loss carryforwards	79,400
Indefinite Tax Year \| State and Local Jurisdiction
Income Tax Examination [Line Items]
Tax credit carryforward, amount	$ 8,800

INCOME TAX - Reconciliation of Deferred Tax Assets/Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Mar. 31, 2022
Deferred tax assets:
Accrued expenses	$ 5,287	$ 5,682
Lease liabilities	11,613	14,090
Net operating loss carryforwards	22,504	25,737
Stock-based compensation	3,335	8,022
Nonqualified deferred compensation	2,797	3,119
Property and equipment	585	496
Tax credit carryforwards	7,779	7,588
Capitalized research and development	26,357	385
Other	253	1,351
Total deferred tax assets	80,510	66,470
Less valuation allowance	(61,152)	(37,399)
Net deferred tax assets	19,358	29,071
Deferred tax liabilities:
Prepaid expenses	(2,411)	(2,296)
Right-of-use assets	(6,011)	(13,691)
Intangible assets	(829)	(4,603)
Deferred commissions	(9,153)	(7,562)
Total deferred tax liabilities	(18,404)	(28,152)
Net deferred tax assets	$ 954	$ 919

REVENUE FROM CONTRACTS WITH CUSTOMERS

12 Months Ended

Mar. 31, 2023

Revenue from Contract with Customer [Abstract]

REVENUE FROM CONTRACTS WITH CUSTOMERS

REVENUE FROM CONTRACTS WITH CUSTOMERS:

Disaggregation of Revenue

In the following table, revenue is disaggregated by primary geographical market and major service offerings (dollars in thousands):


	Year ended March 31,
Primary Geographical Markets	2023		2022		2021
United States	$	556,219	$	495,765	$	415,976
Europe	32,210		26,373		22,515
Asia-Pacific ("APAC")	7,470		6,519		4,535
Other	684		—		—
	$	596,583	$	528,657	$	443,026

Major Offerings/Services
Subscription	$	482,807	$	428,617	$	356,597
Marketplace and Other	113,776		100,040		86,429
	$	596,583	$	528,657	$	443,026

Transaction Price Allocated to the Remaining Performance Obligations

We have performance obligations associated with fixed commitments in customer contracts for future services that have not yet been recognized in our consolidated financial statements. The amount of fixed revenue not yet recognized was $470.9 million as of March 31, 2023, of which $337.6 million will be recognized over the next twelve months. The Company expects to recognize revenue on substantially all of these remaining performance obligations by March 31, 2027.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

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+ Details

STOCKHOLDERS' EQUITY AND STOCK-BASED COMPENSATION - Time-vesting Restricted Stock Unit, Narrative (Details) - Restricted stock units - USD ($) $ in Millions		12 Months Ended
	Dec. 13, 2021	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Rakam Technology Asset Acquisition
Share-based compensation
Granted (in shares)	2,600,000
Vesting period	4 years
Vesting in Four Years
Share-based compensation
Granted (in shares)		4,352,078
Aggregate fair value of restricted stock units granted		$ 107.2
Vesting period		3 years	4 years	4 years
Time Based Vesting
Share-based compensation
Granted (in shares)		4,352,078	3,037,440	2,228,445
Aggregate fair value of restricted stock units granted			$ 143.4	$ 99.8
Vested in period, fair value		$ 71.5	$ 30.3	$ 126.9
Time Based Vesting \| Rakam Technology Asset Acquisition
Share-based compensation
Granted (in shares)			55,927
Aggregate fair value of restricted stock units granted			$ 2.6

STOCKHOLDERS' EQUITY AND STOCK-BASED COMPENSATION - Performance-based Restricted Stock Units, Narrative (Details) - USD ($) $ in Millions		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Share-based compensation
Award vesting rights percentage		50.00%
Acuity Data
Share-based compensation
Non-cash stock-based compensation expense		$ 4.9
Business combination, contingent consideration, liability, expected costs	$ 1.7	1.7
Acuity Data \| Accrued Liabilities
Share-based compensation
Business combination, contingent consideration, liability	$ 1.5	$ 1.5
Performance stock
Share-based compensation
Granted (in shares)				246,524
Restricted stock units \| Operating Metrics Performance Plan
Share-based compensation
Award vesting rights percentage			50.00%
Forfeited in period (in shares)			58,312
Outstanding at the end of the period (in shares)	174,930	174,930
Restricted stock units \| Performance stock
Share-based compensation
Granted (in shares)		406,501	249,152	59,634
Aggregate fair value of restricted stock units granted			$ 12.6	$ 10.7
Forfeited in period (in shares)		146,709
Outstanding at the end of the period (in shares)	709,589	709,589	584,468
Vesting in period (in shares)		134,671
The total fair value of performance-based restricted stock units		$ 3.0	$ 6.7	$ 8.4
Restricted stock units \| Performance stock \| Operating Metrics Performance Plan
Share-based compensation
Granted (in shares)			148,912
Aggregate fair value of restricted stock units granted			$ 7.1
Restricted stock units \| Performance stock \| Minimum \| Operating Metrics Performance Plan
Share-based compensation
Award vesting rights percentage			0.00%
Restricted stock units \| Performance stock \| Maximum \| Operating Metrics Performance Plan
Share-based compensation
Award vesting rights percentage			200.00%
Restricted stock units \| ATS Performance Plan Vesting Total Shareholder Return
Share-based compensation
Granted (in shares)			36,425
Aggregate fair value of restricted stock units granted			$ 1.7
Restricted stock units \| ATS Performance Plan Vesting Total Shareholder Return \| Minimum
Share-based compensation
Award vesting rights percentage			0.00%
Restricted stock units \| ATS Performance Plan Vesting Total Shareholder Return \| Maximum
Share-based compensation
Award vesting rights percentage			100.00%
Restricted stock units \| Performance Shares Vesting Total Shareholder Return
Share-based compensation
Granted (in shares)			63,815	73,950
Aggregate fair value of restricted stock units granted			$ 3.8	$ 4.2
Restricted stock units \| Performance Shares Vesting Total Shareholder Return \| Minimum
Share-based compensation
Award vesting rights percentage			0.00%	0.00%
Restricted stock units \| Performance Shares Vesting Total Shareholder Return \| Maximum
Share-based compensation
Award vesting rights percentage			200.00%	200.00%
Restricted stock units \| 2021 Performance Shares That Will Vest Immediately
Share-based compensation
Hurdle achievement, percentage	63.00%	50.00%
Forfeited in period (in shares)	22,948	71,666
Outstanding at the end of the period (in shares)	13,477	13,477
Restricted stock units \| Performance Shares Vesting Under The Second Plan
Share-based compensation
Granted (in shares)				172,574
Aggregate fair value of restricted stock units granted				$ 6.5
Restricted stock units \| Performance Shares Vesting Under The Second Plan \| Minimum
Share-based compensation
Award vesting rights percentage				0.00%
Restricted stock units \| Performance Shares Vesting Under The Second Plan \| Maximum
Share-based compensation
Award vesting rights percentage				200.00%

GOODWILL - Goodwill by Geography (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Goodwill information
Goodwill	$ 363,116	$ 363,845	$ 357,446
U.S.
Goodwill information
Goodwill	360,155
APAC
Goodwill information
Goodwill	$ 2,961

- Definition

+ References + Details

STOCKHOLDERS' EQUITY AND STOCK-BASED COMPENSATION- Time-Vesting Restricted Stock Unit Activity (Details) - Restricted stock units - Time Based Vesting - $ / shares	3 Months Ended	12 Months Ended
	Jun. 30, 2022	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Non-vested restricted stock unit activity
Outstanding at the beginning of the period (in shares)	4,176,682	4,176,682
Granted (in shares)		4,352,078	3,037,440	2,228,445
Vested (in shares)		(1,614,868)
Units vested under the Company's March 2023 acceleration plan (in shares)		(1,508,196)
Forfeited or cancelled (in shares)		(1,395,937)
Outstanding at the end of the period (in shares)		4,009,759	4,176,682
Non-vested restricted stock units, Weighted average fair value per share at grant date
Outstanding at the beginning of the period (in dollars per share)	$ 47.00	$ 47.00
Granted (in dollars per share)		24.63
Vested (in dollars per share)		46.68
Units vested under the Company's March 2023 acceleration plan (in dollars per share)		30.42
Forfeited or cancelled (in dollars per share)		37.07
Outstanding at the end of the period (in dollars per share)		$ 32.57	$ 47.00
Weighted average remaining contractual term (in years)	2 years 10 months 6 days	2 years 2 months 12 days

ACQUISITIONS - Narrative (Details) $ in Millions					12 Months Ended
ACQUISITIONS - Narrative (Details) $ in Millions	Dec. 13, 2021 USD ($) shares	Apr. 21, 2021 USD ($)	Feb. 17, 2021 USD ($) numberOfAnnualIncrement	Jul. 16, 2020 USD ($)	Mar. 31, 2023	Mar. 31, 2022 USD ($)	Mar. 31, 2021 USD ($) numberOfAnnualIncrement
Developed technology
Business Acquisition [Line Items]
Weighted Average Useful Life (years)					3 years 10 months 24 days
Rakam Technology Asset Acquisition
Business Acquisition [Line Items]
Payments for asset acquisition	$ 2.2
Asset acquisition, contingent consideration	0.2
Finite-lived intangible assets acquired	$ 2.2
Amortization period	3 years
Rakam Technology Asset Acquisition \| Restricted stock units
Business Acquisition [Line Items]
Vesting period	4 years
Granted (in shares) \| shares	2,600,000
Diablo.AI, Inc.
Business Acquisition [Line Items]
Payments to acquire businesses, gross		$ 9.7
Holdback consideration transferred		1.2
Assumed restricted stock awards		$ 1.9
Vesting period		3 years
Diablo.AI, Inc. \| Developed technology
Business Acquisition [Line Items]
Weighted Average Useful Life (years)					3 years
DataFleets, Ltd
Business Acquisition [Line Items]
Holdback consideration transferred							$ 18.1
Business Combination Consideration Transferred, Cash Held In Escrow			$ 8.9
Total fair value of the replacement stock options issued			$ 2.9			$ 2.9
DataFleets, Ltd \| Developed technology
Business Acquisition [Line Items]
Amortization period			4 years
DataFleets, Ltd \| Consideration Holdback
Business Acquisition [Line Items]
Business combination, contingent consideration arrangements, range of outcomes, value, high			$ 18.1
Business combination, contingent consideration arrangements, number of annual increments \| numberOfAnnualIncrement			3				3
Acuity Data
Business Acquisition [Line Items]
Payments to acquire businesses, gross				$ 2.9
Performance plan period				3 years
Business combination, contingent consideration arrangements, range of outcomes, value, high				$ 5.1			$ 5.1

RESTRUCTURING, IMPAIRMENT AND OTHER CHARGES - Narrative (Details) $ in Thousands	12 Months Ended
	Mar. 31, 2023 USD ($) leasedOfficeSpace	Mar. 31, 2022 USD ($)	Mar. 31, 2021 USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments	$ 7,792	$ (19)	$ 1,725
Number of leased office space exited \| leasedOfficeSpace	8
ROU asset group impairments	$ 24,599	$ 0	0
Operating lease, ROU asset, impairment loss	20,500
Leasehold improvements	4,100
Employee Severance \| Restructuring Activity 2020
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments			1,700
Facility Closing
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments	2,900
Restructuring reserve	2,700
Facility Closing \| Restructuring Activity 2017
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments	7,300
Restructuring reserve	$ 2,100
United States
Restructuring Cost and Reserve [Line Items]
Number of leased office space exited \| leasedOfficeSpace	5
United States \| Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments	$ 7,800
Restructuring reserve related charges			$ 1,700
Restructuring reserve	$ 800
MASSACHUSETTS
Restructuring Cost and Reserve [Line Items]
Number of leased office space exited \| leasedOfficeSpace	1
PENNSYLVANIA
Restructuring Cost and Reserve [Line Items]
Number of leased office space exited \| leasedOfficeSpace	1
Phoenix
Restructuring Cost and Reserve [Line Items]
Number of leased office space exited \| leasedOfficeSpace	1
CALIFORNIA
Restructuring Cost and Reserve [Line Items]
Number of leased office space exited \| leasedOfficeSpace	2
Europe
Restructuring Cost and Reserve [Line Items]
Number of leased office space exited \| leasedOfficeSpace	3
NETHERLANDS
Restructuring Cost and Reserve [Line Items]
Number of leased office space exited \| leasedOfficeSpace	1
London, England
Restructuring Cost and Reserve [Line Items]
Number of leased office space exited \| leasedOfficeSpace	1
Paris And France
Restructuring Cost and Reserve [Line Items]
Number of leased office space exited \| leasedOfficeSpace	1

COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Mar. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Schedule of Contractual Obligation, Fiscal Year Maturity

The following table presents the Company’s purchase commitments at March 31, 2023. Purchase commitments primarily include contractual commitments for the purchase of data, hosting services, software-as-a-service arrangements and leasehold improvements. The table does not include the future payment of liabilities related to uncertain tax positions of $23.4 million as the Company is not able to predict the periods in which the payments will be made (dollars in thousands):


	For the years ending March 31,
	2024		2025		2026		2027		Total
Purchase commitments	$	90,433	$	75,931	$	6,106	$	675	$	173,145

ACQUISITIONS - Components of Intangible Assets Acquired and Their Estimated Useful Lives as of Acquisition Date (Details) - DataFleets, Ltd $ in Thousands	Feb. 17, 2021 USD ($)
Business Acquisition [Line Items]
Intangible assets	$ 11,400
Developed technology
Business Acquisition [Line Items]
Intangible assets	$ 11,000
Amortization period	4 years
Customer relationship/trade name, gross
Business Acquisition [Line Items]
Intangible assets	$ 400
Amortization period	2 years

COVER PAGE - USD ($)	12 Months Ended
COVER PAGE - USD ($)	Mar. 31, 2023	May 19, 2023	Sep. 30, 2022
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Mar. 31, 2023
Document Transition Report	false
Entity File Number	001-38669
Entity Registrant Name	LiveRamp Holdings, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	83-1269307
Entity Address, Address Line One	225 Bush Street, Seventeenth Floor
Entity Address, City or Town	San Francisco
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94104
City Area Code	888
Local Phone Number	987-6764
Title of 12(b) Security	Common Stock, $.10 Par Value
Trading Symbol	RAMP
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Public Float			$ 895,724,585
Entity Common Stock, Shares Outstanding		66,402,555
Documents Incorporated by Reference	Portions of the Proxy Statement for the 2023 Annual Meeting of Stockholders (“2023 Proxy Statement”) of LiveRamp Holdings, Inc. (“LiveRamp,” the “Company,” “we”, “us”, or “our”) are incorporated by reference into Part III of this Form 10-K.
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Entity Central Index Key	0000733269
Entity Shell Company	false

REVENUE FROM CONTRACTS WITH CUSTOMERS - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Revenues	$ 596,583	$ 528,657	$ 443,026
Subscription
Disaggregation of Revenue [Line Items]
Revenues	482,807	428,617	356,597
Marketplace and Other
Disaggregation of Revenue [Line Items]
Revenues	113,776	100,040	86,429
United States
Disaggregation of Revenue [Line Items]
Revenues	556,219	495,765	415,976
Europe
Disaggregation of Revenue [Line Items]
Revenues	32,210	26,373	22,515
Asia-Pacific ("APAC")
Disaggregation of Revenue [Line Items]
Revenues	7,470	6,519	4,535
Other
Disaggregation of Revenue [Line Items]
Revenues	$ 684	$ 0	$ 0

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
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-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Paragraph 32
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
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-Paragraph 4
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-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 22
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-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

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-Publisher FASB
-Name Accounting Standards Codification
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-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Paragraph 42
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599

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-Topic 606
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-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
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-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI https://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

PROPERTY AND EQUIPMENT

12 Months Ended

Mar. 31, 2023

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT:

Property and equipment is summarized as follows (dollars in thousands):


	March 31, 2023		March 31, 2022

Leasehold improvements	$	25,262	$	28,224
Data processing equipment	6,537		7,001
Office furniture and other equipment	7,594		9,776
	39,393		45,001
Less accumulated depreciation and amortization	32,308		33,470
Property and equipment, net of accumulated depreciation and amortization	$	7,085	$	11,531

Depreciation expense on property and equipment was $4.0 million, $5.4 million and $8.9 million for the twelve months ended March 31, 2023, 2022 and 2021, respectively.

During the twelve months ended March 31, 2023, the Company recorded $4.1 million of impairment charges related to the exit from certain leased office facilities that are included in gains, losses and other items, net in the consolidated statements of operations. There were no impairment charges recorded during the twelve months ended March 31, 2022 and 2021.

FOREIGN OPERATIONS (Details) - USD ($) $ in Thousands	12 Months Ended
FOREIGN OPERATIONS (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 596,583	$ 528,657	$ 443,026
Long-lived assets	458,144	517,902
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	556,219	495,765	415,976
Long-lived assets	452,555	509,014
Group Of Foreign Countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	40,364	32,892	27,050
Long-lived assets	5,589	8,888
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	32,210	26,373	22,515
Long-lived assets	1,643	4,174
Asia-Pacific ("APAC")
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	7,470	6,519	4,535
Long-lived assets	3,946	4,714
Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 684	$ 0	$ 0

- Definition

+ References

+ Details

COMMITMENTS AND CONTINGENCIES - Narrative (Details) $ in Millions	Mar. 31, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Deferred tax liability not recognized, amount of unrecognized deferred tax liability, bad debt reserve for tax purposes of qualified lender	$ 23.4

STOCKHOLDERS' EQUITY AND STOCK-BASED COMPENSATION- Summary of Options (Details)	12 Months Ended
	Mar. 31, 2023 $ / shares shares
Stock options outstanding and exercisable by exercise price range
Options outstanding (in shares) \| shares	524,911
Options outstanding - Weighted-average remaining contractual life	1 year 7 months 6 days
Options outstanding - Weighted-average exercise price per share (in dollars per share)	$ 18.39
Options exercisable (in shares) \| shares	514,870
Options exercisable - Weighted-average exercise price per share (in dollars per share)	$ 18.73
Range of exercise price per share from $0 to $9.99
Stock options outstanding and exercisable by exercise price range
Exercise price per share, low end of range (in dollars per share)	0
Exercise price per share, high end of range (in dollars per share)	$ 9.99
Options outstanding (in shares) \| shares	40,973
Options outstanding - Weighted-average remaining contractual life	5 years 8 months 12 days
Options outstanding - Weighted-average exercise price per share (in dollars per share)	$ 0.98
Options exercisable (in shares) \| shares	30,932
Options exercisable - Weighted-average exercise price per share (in dollars per share)	$ 1.01
Range of exercise price per share from $10.00 to $19.99
Stock options outstanding and exercisable by exercise price range
Exercise price per share, low end of range (in dollars per share)	10.00
Exercise price per share, high end of range (in dollars per share)	$ 19.99
Options outstanding (in shares) \| shares	182,603
Options outstanding - Weighted-average remaining contractual life	2 years 1 month 6 days
Options outstanding - Weighted-average exercise price per share (in dollars per share)	$ 17.49
Options exercisable (in shares) \| shares	182,603
Options exercisable - Weighted-average exercise price per share (in dollars per share)	$ 17.49
Range of exercise price per share from $20.00 to $24.99
Stock options outstanding and exercisable by exercise price range
Exercise price per share, low end of range (in dollars per share)	20.00
Exercise price per share, high end of range (in dollars per share)	$ 24.99
Options outstanding (in shares) \| shares	301,335
Options outstanding - Weighted-average remaining contractual life	9 months 18 days
Options outstanding - Weighted-average exercise price per share (in dollars per share)	$ 21.31
Options exercisable (in shares) \| shares	301,335
Options exercisable - Weighted-average exercise price per share (in dollars per share)	$ 21.31

GOODWILL

12 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL

GOODWILL:

Changes in goodwill for the twelve months ended March 31, 2023 and 2022 were as follows (dollars in thousands):


	Total
Balance at March 31, 2021	$	357,446
Acquisition of Diablo	7,012
Change in foreign currency translation adjustment	(613)
Balance at March 31, 2022	$	363,845
Purchase price accounting adjustment related to acquisition of Diablo	(205)
Change in foreign currency translation adjustment	(524)
Balance at March 31, 2023	$	363,116

Goodwill by geography as of March 31, 2023 was:


	Total
U.S.	$	360,155
APAC	2,961
Balance at March 31, 2023	$	363,116

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2023	Mar. 31, 2022
Current assets:
Cash and cash equivalents	$ 464,448	$ 600,162
Short-term Investments	32,807	7,500
Trade accounts receivable, net	157,379	148,343
Refundable income taxes, net	28,897	30,354
Other current assets	31,028	29,475
Total current assets	714,559	815,834
Property and equipment, net of accumulated depreciation and amortization	7,085	11,531
Intangible assets, net	9,868	26,718
Goodwill	363,116	363,845
Deferred commissions, net	37,030	30,594
Other assets, net	41,045	85,214
Total assets	1,172,703	1,333,736
Current liabilities:
Trade accounts payable	86,568	83,197
Accrued payroll and related expenses	33,434	39,188
Other accrued expenses	35,736	46,067
Deferred revenue	19,091	16,114
Total current liabilities	174,829	184,566
Other liabilities	71,798	86,110
Commitments and contingencies (Note 13)
Stockholders' equity:
Preferred stock	0	0
Common stock	15,399	14,984
Additional paid-in capital	1,855,916	1,721,118
Retained earnings	1,302,291	1,420,993
Accumulated other comprehensive income	4,504	5,730
Treasury stock, at cost	(2,252,034)	(2,099,765)
Total stockholders' equity	926,076	1,063,060
Total liabilities and stockholders' equity	$ 1,172,703	$ 1,333,736

RESTRUCTURING, IMPAIRMENT AND OTHER CHARGES

12 Months Ended

Mar. 31, 2023

Restructuring and Related Activities [Abstract]

RESTRUCTURING, IMPAIRMENT AND OTHER CHARGES

RESTRUCTURING, IMPAIRMENT AND OTHER CHARGES:

Restructuring activities result in various costs, including asset write-offs, right of use ("ROU") asset group impairments, exit charges including severance, contract termination fees, and decommissioning and other costs.

A reconciliation of the beginning and ending restructuring liabilities is shown below for the twelve months ended March 31, 2023, 2022 and 2021. The restructuring charges and adjustments are included in gains, losses and other items, net in the consolidated statements of operations. The reserve balances are included in other accrued expenses and other liabilities in the consolidated balance sheets (dollars in thousands).


	Employee-related reserves		Lease accruals		Total
Balances at March 31, 2020	450		6,243		6,693
Restructuring charges and adjustments	1,663		62		1,725
Payments	(1,288)		(2,387)		(3,675)
Balances at March 31, 2021	$	825	$	3,918	$	4,743
Restructuring charges and adjustments	—		(19)		(19)
Payments	(778)		(872)		(1,650)
Balances at March 31, 2022	$	47	$	3,027	$	3,074
Restructuring charges and adjustments	7,792		2,946		10,738
Payments	(7,080)		(1,100)		(8,180)
Balances at March 31, 2023	$	759	$	4,873	$	5,632

Employee-related Restructuring Plans

During the twelve months ended March 31, 2023, the Company recorded a total of $7.8 million in employee-related restructuring charges and adjustments. The expense included severance and other employee-related charges primarily in the United States. Of the $7.8 million employee-related charges, $0.8 million remained accrued as of March 31, 2023 and are expected to be paid out during fiscal 2024.

In fiscal 2021, the Company recorded a total of $1.7 million in employee-related restructuring charges and adjustments. The expense included severance and other employee-related charges in the United States and Europe. Of the associate-related charges of $1.7 million, final amounts were paid out during fiscal 2023.

Lease-related Impairments and Restructuring Plans

In fiscal 2023, the Company initiated a restructuring plan to lower its operating expenses by reducing its global real estate footprint. As part of this plan, we exited a total of eight leased office spaces. Of that, five were in the United States: one located in Boston, one located in Philadelphia, one located in Phoenix, and two floors of leased office space in San Francisco. The three remaining spaces were in Europe: one located in the Netherlands, one floor of leased office space in London, England, and one floor of leased office space in Paris, France.

Based on a comparison of undiscounted cash flows to the ROU asset group of each exited lease, the Company determined that each of the ROU asset groups were impaired, driven largely by the difference between the existing lease terms and rates on the Company’s leases and the expected sublease terms and rates available in the market. This resulted in an impairment charge of $24.6 million which reflects the excess of the ROU asset group book value over its fair value, which was determined based on estimates of future discounted cash flows and is classified as Level 3 in the fair value hierarchy. The lease impairment charges included impairments of the operating lease ROU assets of $20.5 million, and the associated furniture, equipment, and leasehold improvements of $4.1 million. Additionally, the Company recorded $2.9 million in lease-related restructuring charges and adjustments that covered other obligations related to the leased office space in San Francisco and Phoenix. Of the $2.9 million lease-related charges, $2.7 million remained accrued as of March 31, 2023 and will be satisfied over the remainder of the San Francisco and Phoenix properties' lease terms, which continues through April 2029.

In fiscal 2017, the Company made the strategic decision to exit and sub-lease a certain leased office facility under a staggered-exit plan. The full exit was completed in fiscal 2019. We intend to continue subleasing the facility to the extent possible. The liability will be satisfied over the remainder of the leased property's term, which continues through November 2025. Any future changes in the estimates or in the actual sublease income may require future adjustments to the liabilities, which would impact net earnings (loss) in the period the adjustment is recorded. Through March 31, 2023, the Company has recorded a total of $7.3 million of restructuring charges and adjustments related to this lease. Of the amount accrued for this facility lease, $2.1 million remained accrued at March 31, 2023.

Gains, Losses and Other Items, net

The following table summarizes the activity included in gains, losses and other items, net in the consolidated statements of operations for each of the periods presented (dollars in thousands):


	Year ended March 31,
		2023		2022		2021
Employee-related restructuring plan charges and adjustments		$	7,792	$	(19)	$	1,725
Lease-related restructuring plan charges and adjustments		2,946		—		—
Early contract terminations		—		1,042		—
ROU asset group impairments		24,599		—		—
Other		(21)		456		990
		$	35,316	$	1,479	$	2,715

OTHER CURRENT AND NONCURRENT ASSETS

12 Months Ended

Mar. 31, 2023

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

OTHER CURRENT AND NONCURRENT ASSETS

OTHER CURRENT AND NONCURRENT ASSETS:

Other current assets consist of the following (dollars in thousands):


	March 31, 2023		March 31, 2022
Prepaid expenses and other	$	18,918	$	13,947


Assets of non-qualified retirement plan	12,110		15,528
Other current assets	$	31,028	$	29,475

Other noncurrent assets consist of the following (dollars in thousands):


	March 31, 2023		March 31, 2022
Long-term prepaid revenue share	$	9,659	$	13,468
Right-of-use assets (see Note 3)	24,604		59,459
Deferred tax asset	1,253		1,224
Deposits	3,452		4,486
Strategic investments	1,600		5,700
Other miscellaneous noncurrent assets	477		877
Other assets, net	$	41,045	$	85,214

During the twelve months ended March 31, 2023, the Company became aware of a pending sale and the proposed value of the transaction related to one of our strategic investments. As a result, the Company recorded a $4.0 million impairment that is recorded in other expense in the consolidated statement of operations.

In conjunction with the July 2015 disposition of our former IT outsourcing business, we retained a profits interest previously recognized at $0.7 million within miscellaneous noncurrent assets at March 31, 2021. In the twelve months ended March 31, 2022, the Company recorded a $30.5 million gain included in total other income in the consolidated statement of operations related to a $31.2 million cash distribution received from the settlement of this retained profits interest.

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Earnings (Loss) per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Equity, Class of Treasury Stock [Line Items]
Net loss from continuing operations	$ (124,106)	$ (33,833)	$ (90,268)
Earnings from discontinued operations	5,404	0	0
Net loss	$ (118,702)	$ (33,833)	$ (90,268)
Diluted earnings (loss) per share:
Basic weighted-average shares outstanding (in shares)	66,352	68,211	66,304
Dilutive effect of common stock options and restricted stock as computed under the treasury stock method (in shares)	0	0	0
Diluted weighted-average shares outstanding (in shares)	66,352	68,211	66,304
Continuing operations (in USD per share)	$ (1.87)	$ (0.50)	$ (1.36)
Discontinued operations (in USD per share)	0.08	0	0
Diluted earnings (loss) per share (in USD per share)	$ (1.79)	$ (0.50)	$ (1.36)
Stockholders' Equity Attributable to Parent [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount	2,376	686	90
Continuing Operations
Stockholders' Equity Attributable to Parent [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount	700	1,300	2,700

FAIR VALUE OF FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Narrative (Details) - USD ($)	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Fair Value Disclosures [Abstract]
Strategic investments without readily determinable fair values	$ 1,600,000	$ 5,700,000
Impairment losses on strategic investment	4,000,000
Asset impairment charges	$ 4,100,000	$ 0	$ 0

STOCKHOLDERS' EQUITY AND STOCK-BASED COMPENSATION - Qualified Employee Stock Purchase Plan (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Share-based compensation
Future expense for performance stock option units	$ 128,059
Accumulated other comprehensive income (loss), foreign currency translation adjustment	$ 4,504	$ 5,730
Employee stock purchase plan
Share-based compensation
Stock issued during period, ESPP (in shares)	197,255	103,447	44,980
Shares issued, price per share (in dollars per share)	$ 20.38	$ 41.44	$ 41.53
Stock issued during period, ESPP, value	$ 4,000	$ 4,300	$ 1,900
Share-based compensation expense	2,051	$ 1,803	$ 704
Future expense for performance stock option units	$ 400

COMMITMENTS AND CONTINGENCIES (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Purchase Obligation, Fiscal Year Maturity [Abstract]
2024	$ 90,433
2025	75,931
2026	6,106
2027	675
Purchase Obligation, Total	$ 173,145

LEASES - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
LEASES - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease costs	$ 11,600	$ 11,600	$ 11,600
Impairment charges	24,599	0	0
Employee-related restructuring plan charges and adjustments	7,792	$ (19)	$ 1,725
Fiscal 2024	10,090
Fiscal 2025	9,116
Fiscal 2026	8,283
Leased Office Facilities
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Fiscal 2024	2,698
Fiscal 2025	2,698
Fiscal 2026	1,799
Facility Closing
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Employee-related restructuring plan charges and adjustments	$ 2,900

STOCKHOLDERS' EQUITY AND STOCK-BASED COMPENSATION - Unvested Restricted Stock Awards (Details) - Restricted Stock - Diablo.AI, Inc.	12 Months Ended
	Mar. 31, 2023 $ / shares shares
Non-vested restricted stock unit activity
Outstanding at the beginning of the period (in shares) \| shares	24,766
Diablo replacement restricted stock award (in shares) \| shares	0
Vested (in shares) \| shares	(24,766)
Outstanding at the end of the period (in shares) \| shares	0
Non-vested restricted stock units, Weighted average fair value per share at grant date
Outstanding at the beginning of the period (in dollars per share) \| $ / shares	$ 47.29
Diablo replacement restricted stock award (in dollars per share) \| $ / shares	47.29
Vested (in dollars per share) \| $ / shares	47.29
Outstanding at the end of the period (in dollars per share) \| $ / shares	$ 0

OTHER ACCRUED EXPENSES (Tables)

12 Months Ended

Mar. 31, 2023

Other Accrued Expenses [Abstract].

Schedule of Other Accrued Expenses

Other accrued expenses consist of the following (dollars in thousands):


	March 31, 2023		March 31, 2022
Liabilities of non-qualified retirement plan	$	12,110	$	15,528
Short-term lease liabilities (see Note 3)	9,929		8,984

DPM acquisition consideration holdback (see Note 14)	—		6,092
Acuity performance earnout liability (see Note 14)	1,535		2,420
DataFleets consideration holdback (see Note 14)	324		756

Diablo consideration holdback	—		1,200
Rakam consideration holdback	223		223
Other miscellaneous accrued expenses	11,615		10,864
Other accrued expenses	$	35,736	$	46,067

RESTRUCTURING, IMPAIRMENT AND OTHER CHARGES - Gains, Losses and Other Items (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Restructuring and Related Activities [Abstract]
Employee-related restructuring plan charges and adjustments	$ 7,792	$ (19)	$ 1,725
Lease-related restructuring plan charges and adjustments	2,946	0	0
Early contract terminations	0	1,042	0
ROU asset group impairments	24,599	0	0
Other	(21)	456	990
Total gains, losses and other items, net	$ 35,316	$ 1,479	$ 2,715

STOCKHOLDERS' EQUITY AND STOCK-BASED COMPENSATION - Acquisition-related Consideration Holdback (Details) - DataFleets, Ltd $ in Millions	12 Months Ended
	Mar. 31, 2023 USD ($)
Share-based compensation
Holdback expenses	$ 12.4
Holdback expenses, expected costs	2.6
Accrued Liabilities
Share-based compensation
Holdback expenses	$ 0.3

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock
Balance, beginning of the period (in shares) at Mar. 31, 2020		143,938,753
Balance, beginning of the period at Mar. 31, 2020	$ 1,087,512	$ 14,394	$ 1,496,565	$ 1,545,094	$ 5,745	$ (1,974,286)
Treasury stock, beginning balance (in shares) at Mar. 31, 2020						(78,081,314)
Increase (Decrease) in Stockholders' Equity
Employee stock awards, benefit plans and other issuances (in shares)		583,476				(182,730)
Employee stock awards, benefit plans and other issuances	(1,182)	$ 58	8,680			$ (9,920)
Non-cash stock-based compensation (in shares)		21,736
Non-cash stock-based compensation	84,396	$ 2	84,394
Restricted stock units vested (in shares)		2,186,763
Restricted stock units vested	0	$ 219	(219)
Liability-classified restricted stock units vested (in shares)		1,084,237
Liability-classified restricted stock units vested	40,760	$ 108	40,652
Acquisition of treasury stock (in shares)						(1,321,666)
Acquisition of treasury stock	(42,312)					$ (42,312)
Comprehensive income (loss):
Foreign currency translation	1,777				1,777
Net loss	(90,268)			(90,268)
Treasury stock, ending balance (in shares) at Mar. 31, 2021						(79,585,710)
Balance, end of the period (in shares) at Mar. 31, 2021		147,814,965
Balance, end of the period at Mar. 31, 2021	1,080,683	$ 14,781	1,630,072	1,454,826	7,522	$ (2,026,518)
Increase (Decrease) in Stockholders' Equity
Employee stock awards, benefit plans and other issuances (in shares)		254,069				(290,675)
Employee stock awards, benefit plans and other issuances	(8,360)	$ 26	6,240			$ (14,626)
Non-cash stock-based compensation (in shares)		52,459
Non-cash stock-based compensation	71,180	$ 5	71,175
Restricted stock units vested (in shares)		1,131,489
Restricted stock units vested	0	$ 113	(113)
Liability-classified restricted stock units vested (in shares)		547,343
Liability-classified restricted stock units vested	13,803	$ 55	13,748
Acquisition-related restricted stock award (in shares)		40,600
Acquisition-related restricted stock award	0	$ 4	(4)
Acquisition of treasury stock (in shares)						(1,329,211)
Acquisition of treasury stock	(58,621)					$ (58,621)
Comprehensive income (loss):
Foreign currency translation	(1,792)				(1,792)
Net loss	$ (33,833)			(33,833)
Treasury stock, ending balance (in shares) at Mar. 31, 2022	81,200,000					(81,205,596)
Balance, end of the period (in shares) at Mar. 31, 2022		149,840,925
Balance, end of the period at Mar. 31, 2022	$ 1,063,060	$ 14,984	1,721,118	1,420,993	5,730	$ (2,099,765)
Increase (Decrease) in Stockholders' Equity
Employee stock awards, benefit plans and other issuances (in shares)		399,146				(101,011)
Employee stock awards, benefit plans and other issuances	3,987	$ 40	6,219			$ (2,272)
Non-cash stock-based compensation (in shares)		47,093
Non-cash stock-based compensation	117,351	$ 5	117,346
Restricted stock units vested (in shares)		3,253,815
Restricted stock units vested	0	$ 325	(325)
Liability-classified restricted stock units vested (in shares)		446,805
Liability-classified restricted stock units vested	11,603	$ 45	11,558
Acquisition of treasury stock (in shares)						(6,066,230)
Acquisition of treasury stock	(149,997)					$ (149,997)
Comprehensive income (loss):
Foreign currency translation	(1,226)				(1,226)
Net loss	$ (118,702)			(118,702)
Treasury stock, ending balance (in shares) at Mar. 31, 2023	87,400,000					(87,372,837)
Balance, end of the period (in shares) at Mar. 31, 2023		153,987,784
Balance, end of the period at Mar. 31, 2023	$ 926,076	$ 15,399	$ 1,855,916	$ 1,302,291	$ 4,504	$ (2,252,034)

INCOME TAX - Income Tax Expense (Benefit) Attributable to Earnings (Loss) From Continuing Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Current:
U.S. Federal	$ 6,325	$ (1,227)	$ (28,060)
Non-U.S.	1,086	305	17
State	(2,274)	1,220	(1,071)
Total current income tax expense (benefit)	5,137	298	(29,114)
Deferred:
U.S. Federal	155	(895)	(1,205)
Non-U.S.	(83)	(608)	(44)
State	43	(37)	(169)
Total deferred income tax expense (benefit)	115	(1,540)	(1,418)
Total	$ 5,252	$ (1,242)	$ (30,532)

INCOME TAX (Tables)

12 Months Ended

Mar. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Total Income Tax Expense (Benefit)

Total income tax expense (benefit) was allocated as follows (dollars in thousands):


	Year ended March 31,
	2023		2022		2021
Continuing operations	$	5,252	$	(1,242)	$	(30,532)
Discontinued operations	(7,070)		—		—


	$	(1,818)	$	(1,242)	$	(30,532)

Schedule of Components of Income Tax Expense (Benefit)

Income tax expense (benefit) attributable to loss from continuing operations consists of (dollars in thousands):


	Year ended March 31,
	2023		2022		2021
Current:
U.S. Federal	$	6,325	$	(1,227)	$	(28,060)
Non-U.S.	1,086		305		17
State	(2,274)		1,220		(1,071)
	5,137		298		(29,114)
Deferred:
U.S. Federal	155		(895)		(1,205)
Non-U.S.	(83)		(608)		(44)
State	43		(37)		(169)
	115		(1,540)		(1,418)
Total	$	5,252	$	(1,242)	$	(30,532)

Schedule of Income before Income Tax, Domestic and Foreign

Income (loss) before income tax attributable to U.S. and non-U.S. continuing operations consists of (dollars in thousands):


	Year ended March 31,
	2023		2022		2021
U.S.	$	(122,994)	$	(37,415)	$	(122,257)
Non-U.S.	4,140		2,340		1,457
Total	$	(118,854)	$	(35,075)	$	(120,800)

Schedule of Effective Income Tax Rate Reconciliation


	Year ended March 31,
	2023		2022		2021
Computed expected income tax benefit	$	(24,959)	$	(7,366)	$	(25,368)
Increase (reduction) in income taxes resulting from:
State income taxes, net of federal benefit	(2,440)		691		(979)
Research and other tax credits	(4,363)		(3,107)		(4,635)

Nondeductible expenses	669		673		1,104

Stock-based compensation	3,486		5,576		(2,024)
Non-U.S. subsidiaries taxed at other rates	491		(364)		194
Adjustment to valuation allowances	33,197		2,520		2,230


Other, net	(829)		135		(1,054)
	$	5,252	$	(1,242)	$	(30,532)

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities at March 31, 2023 and 2022 are presented below (dollars in thousands).


	Year ended March 31,
	2023		2022
Deferred tax assets:
Accrued expenses	$	5,287	$	5,682

Lease liabilities	11,613		14,090
Net operating loss carryforwards	22,504		25,737
Stock-based compensation	3,335		8,022
Nonqualified deferred compensation	2,797		3,119
Property and equipment	585		496
Tax credit carryforwards	7,779		7,588
Capitalized research and development	26,357		385
Other	253		1,351
Total deferred tax assets	80,510		66,470
Less valuation allowance	(61,152)		(37,399)
Net deferred tax assets	19,358		29,071
Deferred tax liabilities:
Prepaid expenses	(2,411)		(2,296)


Right-of-use assets	(6,011)		(13,691)
Intangible assets	(829)		(4,603)
Deferred commissions	(9,153)		(7,562)

Total deferred tax liabilities	(18,404)		(28,152)
Net deferred tax assets	$	954	$	919

Schedule of Unrecognized Tax Benefits Roll Forward

The following table sets forth changes in the total gross unrecognized tax benefits for the fiscal years ended March 31, 2023, 2022 and 2021 (dollars in thousands):


	Year ended March 31,
	2023		2022		2021
Balance at beginning of period	$	23,817	$	25,026	$	23,400
Increases related to prior year tax positions	93		411		—
Decreases related to prior year tax positions	(522)		—		(139)
Increases related to current year tax positions	2,229		990		1,765
Settlements with taxing authorities	(166)		—		—
Lapse of statute of limitations	(3,827)		(2,610)		—
Balance at end of period	$	21,624	$	23,817	$	25,026

DISCONTINUED OPERATIONS	12 Months Ended
DISCONTINUED OPERATIONS	Mar. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	DISCONTINUED OPERATIONS: Acxiom Marketing Solutions ("AMS") business During fiscal 2019, the Company completed the sale of its Acxiom Marketing Solutions ("AMS") business, and the business qualified for treatment as discontinued operations. Significant income taxes were incurred and paid on the gain from the sale of AMS. During fiscal 2023, the Company recovered $5.4 million, net of tax and fees, of certain previously paid state income taxes arising from the sale of AMS.

LEASES - Operating Lease, Liability Maturity (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Leases [Abstract]
Fiscal 2024	$ 10,090
Fiscal 2025	9,116
Fiscal 2026	8,283
Fiscal 2027	8,017
Fiscal 2028	8,238
Thereafter	8,346
Total undiscounted lease commitments	52,090
Less: Interest and short-term leases	4,918
Total discounted operating lease liabilities	$ 47,172

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Mar. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation and Principles of Consolidation

Basis of Presentation and Principles of Consolidation -

The accompanying consolidated financial statements include the accounts of the Company and its subsidiaries, after elimination of all significant intercompany accounts and transactions. We have prepared the accompanying consolidated financial statements in U.S. dollars in accordance with accounting principles generally accepted in the U.S. (“GAAP”) as set forth in the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification and Updates (“ASC” and "ASU"), and we consider the various staff accounting bulletins and other applicable guidance issued by the United States Securities and Exchange Commission ("SEC"). Our fiscal year ends on March 31. References to fiscal 2023, for example, are to the fiscal year ended March 31, 2023.

Use of Estimates

Use of Estimates -

In preparing consolidated financial statements and related disclosures in conformity with GAAP and pursuant to the rules and regulations of the SEC, we must make estimates and judgments that affect the amounts reported in the consolidated financial statements and accompanying notes. Estimates are used in determining, among other items, revenue recognition criteria, allowance for credit losses, operating lease assets and liabilities, including the incremental borrowing rate and terms and provision of each lease, the fair value of acquired assets and assumed liabilities, restructuring and impairment accruals, litigation and facilities lease loss accruals, stock-based compensation, and the recognition and measurement of current and deferred income taxes, including the measurement of uncertain tax positions. Actual results could differ from those estimates.

As of March 31, 2023, the impacts to the Company's business due to COVID-19, geopolitical developments and macroeconomic factors, such as rising interest rates, inflation, bank failures, changes in foreign currency exchange rates and supply chain disruptions, continue to evolve. As a result, many of the Company's estimates and assumptions, including the allowance for credit losses, consider macroeconomic factors in the market, which require increased judgment and carry a higher degree of variability and volatility. As events continue to evolve and additional information becomes available, the Company's estimates may change materially in future periods.

Operating Segments

Operating Segments -

The Company operates as one operating segment. Operating segments are defined as components of an enterprise for which separate financial information is evaluated regularly by our Chief Operating Decision Maker ("CODM"). Our Chief Executive Officer is our CODM. Our CODM evaluates our financial information and resources and assesses the performance of these resources on a consolidated basis. Since we operate as one operating segment, all required financial segment information can be found in the consolidated financial statements.

Earnings (Loss) per Share

Earnings (Loss) per Share -Basic net loss per share is computed by dividing net loss by the weighted average number of common shares outstanding for the period. Diluted net loss per share is computed by giving effect to all potential dilutive common stock equivalents outstanding for the period.

Cash and Cash Equivalents

Cash and Cash Equivalents -The Company considers all highly-liquid investments purchased with original maturities of three months or less to be cash equivalents. Cash and cash equivalents consist of cash held in bank deposit accounts and short-term, highly-liquid money-market fund investments and U.S. Treasury securities with remaining maturities of three months or less at the date of purchase.

Revenue Recognition

Revenue Recognition -

LiveRamp recognizes revenue from the following sources: (i) Subscription revenue, which consists primarily of subscription fees from clients accessing our LiveRamp platform; and (ii) Marketplace and Other revenue, which primarily consists of revenue-sharing fees generated from access to data through our LiveRamp Data Marketplace, professional services including product implementation, data science analytics and audience measurement, and transactional usage-based revenue from arrangements with certain publishers and addressable TV providers.

We determine revenue recognition through the following steps:

•Identification of the contract, or contracts, with a customer;

•Identification of the performance obligations in the contract;

•Determination of the transaction price;

•Allocation of the transaction price to the performance obligations in the contract; and

•Recognition of revenue when, or as, the performance obligations are satisfied.

Identification of the contract

We consider the terms and conditions of the contract and our customary business practices when identifying our contracts under ASC 606. We determine we have a contract with a customer when the contract or contract modification is approved and the parties are committed to performing their respective obligations, we can identify each party's rights regarding the services to be transferred, we can identify the payment terms for the services, we have determined the contract has commercial substance, and we have determined that collection of at least some of the contract consideration is probable. At contract inception we evaluate whether two or more contracts should be combined and accounted for as a single contract and whether the single or combined contract includes one or multiple performance obligations. We apply judgment in determining the customer's ability to pay, which is based on a variety of factors, including the customer's historical payment experience or, in the case of a new customer, credit and financial information pertaining to the customer.

Identification of the performance obligations

As part of accounting for arrangements with multiple performance obligations, we must assess whether each performance obligation is distinct. A good or service that is promised to a customer is distinct if the customer can benefit from the good or service either on its own or together with other resources that are readily available to the customer, and a company's promise to transfer the good or service to the customer is separately identifiable from other promises in the contract. We have determined that our subscriptions to the platform are a distinct performance obligation and access to data for revenue-sharing and usage-based arrangements is a distinct performance obligation because, once a customer has access to the platform, the service is fully functional and does not require any additional development, modification, or customization.

Determination of the transaction price

The transaction price is the amount of consideration we expect to be entitled to in exchange for transferring services to a customer, excluding sales taxes that are collected on behalf of government agencies. Variable consideration is assessed and included in the transaction price if, in our judgment, it is probable that a significant future reversal of cumulative revenue under the contract will not occur. None of our contracts contain a significant financing component.

Allocation of the transaction price to the performance obligations in the contract

If the contract contains a single performance obligation, the entire transaction price is allocated to the single performance obligation. Contracts that contain multiple performance obligations require an allocation of the transaction price to each distinct performance obligation based on the standalone selling price ("SSP") of each service. We generally determine the SSP based on contractual selling prices when the obligation is sold on a standalone basis, as well as market conditions, competition, and pricing practices. As pricing and marketing strategies evolve, we may modify our pricing practices in the future, which could result in changes to SSP.

Recognition of revenue when, or as, the performance obligations are satisfied

Revenues are recognized when or as control of the promised services is transferred to customers. Subscription revenue is generally recognized ratably over the subscription period beginning on the date the services are made available to customers. Marketplace and Other revenue is typically transactional in nature, tied to a revenue share or volumes purchased. We report revenue from Data Marketplace and other similar transactions on a net basis because our performance obligation is to facilitate a transaction between data providers and data buyers, for which we earn a portion of the gross fee. Consequently, the portion of the gross amount billed to data buyers that is remitted to data providers is not reflected as revenues. We generate revenue from Services primarily from project fees paid by subscribers to our platform. Service projects are sold on an ad hoc basis as well as bundled with platform subscriptions. Services revenue is less than 5% of total Company revenue.

Accounts Receivable

Accounts receivable include amounts billed to customers as well as unbilled amounts recognized in accordance with the Company’s revenue recognition policies. Unbilled amounts included in trade accounts receivable, net, which generally arise from the performance of services to customers in advance of billings, were $16.7 million at March 31, 2023, and $12.5 million at March 31, 2022.

Trade accounts receivable are presented net of allowances for credit losses, returns and credits based on the probability of future collections. The probability of future collections is based on specific considerations of historical loss patterns and an assessment of the continuation of such patterns based on past collection trends and known or anticipated future economic events that may impair collectability. Accounts receivable that are determined to be uncollectible are charged against the allowance for doubtful accounts. Indicators that there is no reasonable expectation of recovery include past due status greater than 360 days or bankruptcy of the debtor.

Deferred Revenue

Deferred revenue consists of amounts billed in excess of revenue recognized. Deferred revenues are subsequently recorded as revenue when earned in accordance with the Company’s revenue recognition policies.

Deferred Commissions, net

Deferred Commissions, net - The Company capitalizes incremental costs to acquire contracts and amortizes them on a straight-line basis over the expected period of benefit, which we have determined to be four years. Net capitalized costs of $6.8 million and $8.0 million were recognized as a reduction of operating expense for the years ended March 31, 2023 and 2022, respectively. We did not recognize any impairment charges in fiscal 2023, 2022, or 2021.

Property and Equipment

Property and Equipment -Property and equipment are stated at cost. Depreciation and amortization are calculated on the straight-line method over the estimated useful lives of the assets as follows: leasehold improvements, 2 - 5 years; data processing equipment, 2 - 5 years, and office furniture and other equipment, 3 - 7 years.

Operating Leases

Operating Leases -

Right-of-use ("ROU") assets represent the Company's right to control the use of an identified asset for a period of time, or term, in exchange for consideration, and operating lease liabilities represent its obligation to make lease payments arising from the aforementioned right.

The Company determines if an arrangement is, or contains, a lease at inception, and whether lease and non-lease components are combined or not. Operating leases with a duration of one year or less are excluded from ROU assets and lease liabilities and related expense is recorded as incurred. ROU assets and lease liabilities are initially recorded based on the present value of lease payments over the lease term, which includes the minimum unconditional term of the lease, and may include options to extend or terminate the lease when it is reasonably certain at the commencement date that such options will be exercised. As the rate implicit for each of the Company's leases is not readily determinable, the Company uses its incremental borrowing rate at commencement date in determining the present value of lease payments. The Company uses judgment in determining its incremental borrowing rate, which includes selecting a yield curve based on a hypothetical credit rating. ROU assets also include any initial direct costs and any lease payments made prior to the lease commencement date and are reduced by any lease incentives received. ROU assets are included in other assets in the consolidated balance sheets. Short-term lease liabilities are included in other accrued expenses and long-term lease liabilities are included in other liabilities in the consolidated balance sheets. ROU assets are amortized on a straight-line basis as operating lease cost in the consolidated statements of operations.

Business Combinations

Business Combinations –

We apply the provisions of ASC 805, Business Combinations, in accounting for acquisitions. ASC 805 requires us to determine if assets or a business was acquired. If a business was acquired, it requires us to recognize separately from goodwill the fair value of the assets acquired and the liabilities assumed at the acquisition date. Goodwill as of the acquisition date is measured as the excess of the fair value of consideration transferred over the net of the acquisition date fair values of the assets acquired and the liabilities assumed. While we use our best estimates and assumptions to accurately value assets acquired and liabilities assumed at the acquisition date as well as any contingent consideration, where applicable, our estimates are inherently uncertain and subject to refinement. As a result, during the measurement period, which may be up to one year from the acquisition date, we record adjustments resulting from new information about facts and circumstances that existed at the acquisition date and falls within the measurement period to the assets acquired and liabilities assumed with the corresponding offset to goodwill. Upon the conclusion of the measurement period or final determination of the values of assets acquired and liabilities assumed, whichever comes first, any subsequent adjustments are recorded to our consolidated statements of operations.

Goodwill

Goodwill -

Goodwill represents the excess of the purchase price over the fair value of net assets acquired in business acquisitions accounted for using the acquisition method of accounting and is not amortized. Goodwill is measured and tested for impairment on an annual basis in the first quarter of the Company's fiscal year in accordance with ASC 350, Intangibles-Goodwill and Other, or more frequently if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. Such events and changes may include significant changes in performance related to expected operating results, significant changes in asset use, significant negative industry or economic trends, and changes in our business strategy.

Our test for goodwill impairment starts with a qualitative assessment to determine whether it is necessary to perform the quantitative goodwill impairment test. If qualitative factors indicate that the fair value of the reporting unit is more likely than not less than its carrying amount, then a quantitative goodwill impairment test is performed. For the purposes of impairment testing, we have determined that we have three reporting units. We completed our annual impairment test during the first quarter of fiscal 2023 and assessed whether there were any triggering events quarterly. We did not recognize any goodwill impairment charges in fiscal 2023, 2022 or 2021.

Intangible Assets

Intangible Assets -

We amortize intangible assets with finite lives over their estimated useful lives and review them for impairment whenever an impairment indicator exists. We continually monitor events and changes in circumstances that could indicate carrying amounts of our long-lived assets, including our intangible assets, may not be recoverable. When such events or changes in circumstances occur, we assess recoverability by determining whether the carrying value of such assets will be recovered through the undiscounted expected future cash flows. If the future undiscounted cash flows are less than the carrying amount of these assets, we recognize an impairment loss based on any excess of the carrying amount over the fair value of the assets. We did not recognize any intangible asset impairment charges in fiscal 2023, 2022 or 2021.

During fiscal 2023, our intangible assets were amortized over their estimated useful lives ranging from two years to six years. Amortization is based on the pattern in which the economic benefits of the intangible asset will be consumed or on a straight-line basis when the consumption pattern is not apparent. The weighted average useful lives of our intangible assets were as follows:


						Weighted Average Useful Life (years)
Developed technology						3.9
Customer relationships						5.3
Publisher and Data Supply relationships						4.0

Impairment of Long-lived Assets

Impairment of Long-lived Assets -

Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The Company considers factors such as operating losses, declining outlooks, and business conditions when evaluating the necessity for an impairment analysis. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset group to the undiscounted cash flows expected to result from the use and eventual disposition of the asset group. If such assets are impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets.

Fair Value of Financial Instruments

Fair Value of Financial Instruments -

We apply the provisions of ASC 820, Fair Value Measurement, to our assets and liabilities that we are required to measure at fair value pursuant to other accounting standards. The additional disclosure regarding our fair value measurements is included in Note 18 - Fair Value of Financial Instruments.

Concentration of Credit Risk and Significant Customers

Concentration of Credit Risk and Significant Customers -

Financial instruments that potentially subject us to concentrations of credit risk consist primarily of cash and cash equivalents and trade accounts receivable.

The Company's cash and cash equivalents are held in federally insured financial institutions. Although the Company's deposits may exceed federally insured limits, management believes the Company is not exposed to significant credit risk due to the financial position of the depository institutions in which those deposits are held.

The Company has no significant off-balance sheet risk such as foreign exchange contracts, options contracts, or other hedging arrangements.

The Company’s trade accounts receivables are from a large number of customers. Accordingly, the Company’s credit risk is affected by general economic conditions.

At March 31, 2023, there were no customers that represented more than 10% of the trade accounts receivable balance. Our ten largest clients represented approximately 29% of our revenues in fiscal year 2023. One client, The Interpublic Group of Companies, accounted for 12% of our revenues in fiscal year 2023.

Income Taxes

Income Taxes -

The Company and its domestic subsidiaries file a consolidated federal income tax return. The Company’s foreign subsidiaries file separate income tax returns in the countries in which their operations are based.

The Company makes estimates and judgments in determining the provision for income taxes for financial statement purposes. These estimates and judgments occur in the calculation of tax credits, benefits, and deductions, and in the calculation of certain deferred tax assets and liabilities that arise from differences in the timing of recognition of revenue and expense for tax and financial statement purposes, as well as the interest and penalties related to uncertain tax positions. Significant changes in these estimates may result in an increase or decrease to the tax provision in a subsequent period. The Company assesses the likelihood that it will be able to recover its deferred tax assets. If recovery is not likely, the Company increases the provision for taxes by recording a valuation allowance against the deferred tax assets that it estimates will not ultimately be recoverable.

The calculation of tax liabilities involves dealing with uncertainties in the application of complex tax laws and regulations. The Company recognizes liabilities for uncertain tax positions based on a two-step process pursuant to ASC 740, Income Taxes. The first step is to evaluate the tax position for recognition by determining whether the weight of available evidence indicates that it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. If the Company determines that a tax position will more likely than not be sustained on audit, the second step requires the Company to estimate and measure the tax benefit as the largest amount that is more than 50% likely to be realized upon ultimate settlement. It is inherently difficult and subjective to estimate such amounts, as the Company must determine the probability of various outcomes.

The Company re-evaluates these uncertain tax positions on a quarterly basis. This evaluation is based on factors such as changes in facts or circumstances, changes in tax law, new audit activity, and effectively settled issues. Determining whether an uncertain tax position is effectively settled requires judgment. Such a change in recognition or measurement would result in the recognition of a tax benefit or an additional charge to the tax provision.

Foreign Currency

Foreign Currency -

The reporting currency of the Company is the U.S. dollar. The functional currency of our foreign operations generally is the applicable local currency for each foreign subsidiary. The balance sheets of the Company’s foreign subsidiaries are translated at period-end rates of exchange, and the statements of operations are translated at the average exchange rate for the period. The effects of foreign currency translation adjustments are included in accumulated other comprehensive income (loss) in the consolidated statements of equity and comprehensive income (loss). We reflect net foreign exchange transaction gains and losses, resulting from the conversion of the transaction currency to functional currency, as a component of foreign currency exchange gain (loss) in total other income (expense) in the consolidated statements of operations.

Advertising Expense

Advertising Expense -

Advertising costs are expensed as incurred. Advertising expense was approximately $12.9 million, $10.5 million, and $7.0 million for the fiscal years ended March 31, 2023, 2022 and 2021, respectively. Advertising expense is included in operating expenses in the consolidated statements of operations.

Legal Contingencies

Legal Contingencies -

We are currently involved in various claims and legal proceedings. Quarterly, we review the status of each significant matter and assess our potential financial exposure. We accrue a liability for an estimated loss if the potential loss from any claim or legal proceeding is considered probable, and the amount can be reasonably estimated. Note 13 - Commitments and Contingencies provides additional information regarding certain of our legal contingencies.

Stock-Based Compensation

Stock-Based Compensation -

The Company records stock-based compensation expense according to the provisions of ASC Topic 718, Compensation – Stock Compensation. ASC Topic 718 requires all stock-based payments to employees, including grants of employee stock options, to be recognized in the statement of operations over the service period of the award based on their fair values. Under the provisions of ASC Topic 718, the Company determines the appropriate fair value model to be used for valuing stock-based payments and the amortization method for compensation cost.

The Company has stock option plans and equity compensation plans (collectively referred to as the “stock-based plans”) administered by the compensation committee of the board of directors (“compensation committee”) under which options and restricted stock units were outstanding as of March 31, 2023.

The Company’s equity compensation plan provides that all employees (employees, officers, directors, affiliates, independent contractors or consultants) are eligible to receive awards (grant of any option, stock appreciation right, restricted stock award, restricted stock unit award, performance award, performance share, performance unit, qualified performance-based award, or other stock unit award) under the plan with the terms and conditions applicable to an award set forth in applicable grant documents.

Incentive stock option awards granted under the stock-based plans cannot be granted with an exercise price less than 100% of the per-share market value of the Company’s shares at the date of grant and have a maximum duration of ten years from the date of grant. Board policy currently requires that non-qualified options also must be priced at or above 100% of the fair market value of the common stock at the time of grant with a maximum duration of ten years.

Restricted stock units may be issued under the equity compensation plan and represent the right to receive shares in the future by way of an award agreement that includes vesting provisions. Award agreements can further provide for forfeitures triggered by certain prohibited activities, such as breach of confidentiality. All restricted stock units are expensed over the vesting period and adjusted for forfeitures as incurred. The vesting of some restricted stock units is subject to the Company’s achievement of certain performance criteria, as well as the individual remaining employed by the Company for a period of years.

The Company receives income tax deductions because of the exercise of non-qualified stock options and the vesting of other stock-based awards. To the extent the income tax deductions differ from the corresponding stock-based compensation expense, such excess tax benefits and deficiencies are included as a component of income tax expense and reflected as an operating cash flow included in changes in operating assets and liabilities.

Restructuring

Restructuring –The Company records costs associated with employee terminations and other exit activity in accordance with ASC 420, Exit or Disposal Cost Obligations, depending on whether the costs relate to exit or disposal activities under the accounting standards, or whether they are other post-employment termination benefits. Under applicable accounting standards for exit or disposal costs, the Company records employee termination benefits as an operating expense when the benefit arrangement is communicated to the employee and no significant future services are required. Under the accounting standards related to post employment termination benefits, the Company records employee termination benefits when the termination benefits are probable and can be estimated. The Company recognizes the present value of facility lease termination obligations, net of estimated sublease income and other exit costs, when the Company has future payments with no future economic benefit or a commitment to pay the termination costs of a prior commitment. In future periods, the Company will record accretion expense to increase the liability to an amount equal to the estimated future cash payments necessary to exit the leases. This requires judgment and management estimation to determine the expected time frame for securing a subtenant, the amount of sublease income to be received and the appropriate discount rate to calculate the present value of the future cash flows. Should actual lease exit costs differ from estimates, the Company may be required to adjust the restructuring charge within gains, losses and other items, net in the consolidated statement of operations in the period any adjustment is recorded.

Accounting Pronouncements Adopted During the Current Year and Recent Accounting Pronouncements Not Yet Adopted


Accounting Pronouncements Adopted During the Current Year -

Standard	Description	Date of Adoption	Effect on Financial Statements or Other Significant Matters
Accounting Standard Update (“ASU”) 2021-08 Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers	ASU 2021-08 requires companies to recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with the revenue recognition guidance as if the acquirer had entered into the original contract at the same time, and on the same terms, as the acquiree. Generally, this will result in the acquirer recognizing contract assets and liabilities at the same amounts recorded by the acquiree as of the acquisition date. Under the previous standard, an acquirer generally recognizes such items at fair value on the acquisition date. This update is effective for fiscal years beginning after December 15, 2022 with early adoption permitted.	April 1, 2022	The adoption of this standard did not have a material impact on our consolidated financial statements and related disclosures.


Recent accounting pronouncements not yet adopted -

Standard	Description	Date of Adoption	Effect on Financial Statements or Other Significant Matters
There are no material accounting pronouncements applicable to the Company not yet adopted

REVENUE FROM CONTRACTS WITH CUSTOMERS - Transaction Price Allocated to the Remaining Performance Obligations (Details) $ in Millions	Mar. 31, 2023 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation	$ 470.9
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation	$ 337.6
Revenue, remaining performance obligation, expected timing of satisfaction, period	12 months

STOCKHOLDERS' EQUITY AND STOCK-BASED COMPENSATION - Stock Option Activity (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Mar. 31, 2023 USD ($) $ / shares shares
Stock Option Activity - Number of Shares
Outstanding at beginning of the period (in shares) \| shares	730,004
Exercised (in shares) \| shares	(200,559)
Forfeited or cancelled (in shares) \| shares	(4,534)
Outstanding at end of the period (in shares) \| shares	524,911
Weighted-average exercise price per share
Outstanding at the beginning of the period (in dollars per share) \| $ / shares	$ 16.28
Exercised (in dollars per share) \| $ / shares	11.06
Forfeited or cancelled (in dollars per share) \| $ / shares	2.48
Outstanding at the end of the period (in dollars per share) \| $ / shares	$ 18.39
Weighted average remaining contractual term	1 year 7 months 6 days
Exercised \| $	$ 3,681
Outstanding at the end of the period \| $	$ 1,857
Exercisable at the end of the period (in shares) \| shares	514,870
Exercisable at the end of the period (in dollars per share) \| $ / shares	$ 18.73
Exercisable at the end of the period	1 year 6 months
Exercisable at the end of the period \| $	$ 1,646

INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 16.8	$ 18.7	$ 18.0

INCOME TAX - Earnings (Loss) Before Income Tax Attributable to U.S. and non-U.S. Continuing Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Income Tax Disclosure [Abstract]
U.S.	$ (122,994)	$ (37,415)	$ (122,257)
Non-U.S.	4,140	2,340	1,457
Loss from continuing operations before income taxes	$ (118,854)	$ (35,075)	$ (120,800)

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/exampleRef
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+ Details

STOCKHOLDERS' EQUITY AND STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Mar. 31, 2023

Equity [Abstract]

Schedule of Stock-based Compensation Activity, by Award Type

The Company's stock-based compensation activity for the twelve months ended March 31, 2023, 2022, and 2021, by award type, was (dollars in thousands):



	Year ended March 31,
	2023		2022		2021
Stock options	$	968	$	1,935	$	2,308

Restricted stock units	111,943		56,008		78,164
Diablo restricted stock awards	1,126		794		—

Data Plus Math ("DPM") acquisition consideration holdback	2,031		8,122		8,030
Pacific Data Partners assumed performance plan	—		9,101		18,388
Acuity performance plan	815		1,912		2,208
DataFleets acquisition consideration holdback	5,611		6,043		755
Employee stock purchase plan	2,051		1,803		704
Directors stock-based compensation	1,255		1,539		1,150
Total non-cash stock-based compensation included in the consolidated statements of operations	125,800		87,257		111,707
Less expense related to liability-based equity awards	(8,449)		(16,077)		(27,311)

Total non-cash stock-based compensation included in the consolidated statements of equity	$	117,351	$	71,180	$	84,396

Schedule of Effect of Stock-based Compensation Expense on Income, by Financial Statement Line Item

The effect of stock-based compensation expense on income, by financial statement line item, was (dollars in thousands):



	Year ended March 31,
	2023		2022		2021
Cost of revenue	$	6,317	$	4,111	$	5,300
Research and development	55,407		32,112		38,960
Sales and marketing	29,429		28,586		40,401
General and administrative	34,647		22,448		27,046
Total non-cash stock-based compensation included in the consolidated statements of operations	$	125,800	$	87,257	$	111,707

Schedule of Share-based Compensation Arrangement by Share Based Payment Award, Future Expense

The following table provides the expected future expense for all of the Company's outstanding equity awards at March 31, 2023, by award type.


	For the years ending March 31,
	2024		2025		2026		Total
Stock options	$	583	$	125	$	—	$	708
Restricted stock units	49,579		59,676		15,304		124,559

Acuity performance plan	165		—		—		165
DataFleets acquisition consideration holdback	2,266		—		—		2,266
Employee stock purchase plan	361		—		—		361
Expected future expense	$	52,954	$	59,801	$	15,304	$	128,059

Schedule of Option Activity

Stock option activity for the twelve months ended March 31, 2023 was:


				Weighted average
		Weighted average		remaining	Aggregate
	Number of	exercise price		contractual term	Intrinsic value
	shares	per share		(In years)	(In thousands)
Outstanding at March 31, 2022	730,004	$	16.28

Exercised	(200,559)	$	11.06		$	3,681
Forfeited or canceled	(4,534)	$	2.48
Outstanding at March 31, 2023	524,911	$	18.39	1.6	$	1,857
Exercisable at March 31, 2023	514,870	$	18.73	1.5	$	1,646

Schedule of Stock Options Outstanding and Exercisable

A summary of stock options outstanding and exercisable as of March 31, 2023 was:


					Options outstanding				Options exercisable
Range of						Weighted average	Weighted average			Weighted average
exercise price					Options	remaining	exercise price		Options	exercise price
per share					outstanding	contractual life	per share		exercisable	per share
$	—	—	$	9.99	40,973	5.7 years	$	0.98	30,932	$	1.01
$	10.00	—	$	19.99	182,603	2.1 years	$	17.49	182,603	$	17.49
$	20.00	—	$	24.99	301,335	0.8 years	$	21.31	301,335	$	21.31

					524,911	1.6 years	$	18.39	514,870	$	18.73

Schedule of Changes in Restricted Stock

Changes in the Company's restricted stock for the twelve months ended March 31, 2023 was:


		Weighted average
		fair value per		Weighted average
	Number	share at grant		remaining contractual
	of shares	date		term (in years)
Unvested restricted stock awards at March 31, 2022	24,766	$	47.29
Diablo replacement restricted stock award	—	$	47.29
Vested	(24,766)	$	47.29
Unvested restricted stock awards at March 31, 2023	—	$	—	n/a

Schedule of Time-vesting Restricted Stock Unit Activity

RSU activity for the twelve months ended March 31, 2023 was:


		Weighted-average
		fair value per		Weighted-average
	Number	share at grant		remaining contractual
	of shares	date		term (in years)
Outstanding at March 31, 2022	4,176,682	$	47.00	2.85
Granted	4,352,078	$	24.63
Vested	(1,614,868)	$	46.68
Units vested under the Company's March 2023 acceleration plan	(1,508,196)	$	30.42
Forfeited or canceled	(1,395,937)	$	37.07
Outstanding at March 31, 2023	4,009,759	$	32.57	2.20

Schedule of Non-vested Performance-based Restricted Stock Units Activity

PSU activity for the twelve months ended March 31, 2023 was:


		Weighted-average
		fair value per		Weighted-average
	Number	share at grant		remaining contractual
	of shares	date		term (in years)
Outstanding at March 31, 2022	584,468	$	51.26	1.01
Granted	406,501	$	24.65

Vested	(134,671)	$	45.96

Forfeited or canceled	(146,709)	$	61.20
Outstanding at March 31, 2023	709,589	$	34.97	1.38

RETIREMENT PLANS (Details) - USD ($) $ in Thousands		12 Months Ended
RETIREMENT PLANS (Details) - USD ($) $ in Thousands	Jan. 01, 2019	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Defined Contribution Plan Disclosure [Line Items]
Employer matching contribution, percent of match	100.00%
Employer matching contribution, percent of employees' gross pay	6.00%
Defined contribution plan cost		$ 11,600	$ 10,100	$ 9,400
Liabilities of non-qualified retirement plan		12,110	15,528
Supplemental Non-Qualified Deferred Compensation Plan
Defined Contribution Plan Disclosure [Line Items]
Assets of non-qualified retirement plan		12,100	15,500
Liabilities of non-qualified retirement plan		$ 12,100	$ 15,500

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2023	Mar. 31, 2022
Statement of Financial Position [Abstract]
Preferred stock, par or stated value (in dollars per shares)	$ 1.00	$ 1.00
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock issued (in shares)	0	0
Common stock, par or stated value (in dollars per share)	$ 0.10	$ 0.10
Common stock, shares authorized	200,000,000	200,000,000
Common stock, issued (in shares)	154,000,000	149,800,000
Treasury stock, at cost (in shares)	87,400,000	81,200,000

RESTRUCTURING, IMPAIRMENT AND OTHER CHARGES - Summary of Restructuring Activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Restructuring Reserve [Roll Forward]
Restructuring charges and adjustments	$ 7,792	$ (19)	$ 1,725
Continuing Operations
Restructuring Reserve [Roll Forward]
Restructuring reserve, at the beginning of the period	3,074	4,743	6,693
Restructuring charges and adjustments	10,738	(19)	1,725
Payments	(8,180)	(1,650)	(3,675)
Restructuring reserve, at the end of the period	5,632	3,074	4,743
Continuing Operations \| Employee-related reserves
Restructuring Reserve [Roll Forward]
Restructuring reserve, at the beginning of the period	47	825	450
Restructuring charges and adjustments	7,792	0	1,663
Payments	(7,080)	(778)	(1,288)
Restructuring reserve, at the end of the period	759	47	825
Continuing Operations \| Lease accruals
Restructuring Reserve [Roll Forward]
Restructuring reserve, at the beginning of the period	3,027	3,918	6,243
Restructuring charges and adjustments	2,946	(19)	62
Payments	(1,100)	(872)	(2,387)
Restructuring reserve, at the end of the period	$ 4,873	$ 3,027	$ 3,918

FAIR VALUE OF FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Fair Value Measurements within the Fair Value Hierarchy (Details) - Fair value measurements on recurring basis - USD ($) $ in Thousands	Mar. 31, 2023	Mar. 31, 2022
Fair value of assets and liabilities
Cash and Cash Equivalents	$ 464,448	$ 600,162
Short-Term Investments	32,807	7,500
Other Current Assets	12,110	15,528
Total assets	509,365	623,190
Cash
Fair value of assets and liabilities
Cash and Cash Equivalents	22,603	23,402
Short-Term Investments	0
Other Current Assets	0
Total assets	22,603	23,402
Level 1 \| Money market funds
Fair value of assets and liabilities
Cash and Cash Equivalents	439,853	576,760
Short-Term Investments	0	0
Other Current Assets	0	0
Total assets	439,853	576,760
Level 1 \| Assets of non-qualified retirement plan
Fair value of assets and liabilities
Cash and Cash Equivalents	0	0
Short-Term Investments	0	0
Other Current Assets	12,110	15,528
Total assets	12,110	15,528
Level 1 \| U.S. Treasury securities
Fair value of assets and liabilities
Cash and Cash Equivalents	1,992
Short-Term Investments	25,307
Other Current Assets	0
Total assets	27,299
Level 1 \| Certificates of deposit
Fair value of assets and liabilities
Cash and Cash Equivalents	0	0
Short-Term Investments	7,500	7,500
Other Current Assets	0	0
Total assets	$ 7,500	$ 7,500

INCOME TAX - Allocated Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Continuing operations	$ 5,252	$ (1,242)	$ (30,532)
Discontinued operations	(7,070)	0	0
Total	$ (1,818)	$ (1,242)	$ (30,532)

- Definition

Amount of tax expense (benefit) related to a discontinued operation. Includes, but is not limited to, tax expense (benefit) related to income (loss) from operations during the phase-out period, tax expense (benefit) related to gain (loss) on disposal, tax expense (benefit) related to gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and tax expense (benefit) related to adjustments of a prior period gain (loss) on disposal.

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+ Details

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

RETIREMENT PLANS	12 Months Ended
RETIREMENT PLANS	Mar. 31, 2023
Retirement Benefits [Abstract]
RETIREMENT PLANS	RETIREMENT PLANS: The Company has a qualified 401(k) retirement savings plan that covers substantially all U.S. employees. The Company also offers a supplemental non-qualified deferred compensation plan (“SNQDC Plan”) for certain highly-compensated employees. The Company matches 100% of the first 6% of each participating employee's annual aggregate contributions. The Company may also contribute additional amounts to the plans at the discretion of the board of directors. Company contributions for the above plans amounted to approximately $11.6 million, $10.1 million, and $9.4 million in fiscal years 2023, 2022, and 2021, respectively. Included in both other current assets and other accrued liabilities are the assets and liabilities of the SNQDC Plan in the amount of $12.1 million and $15.5 million at March 31, 2023 and 2022, respectively.

- Definition

The entire disclosure for retirement benefits.

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+ Details

LEASES - Lease Cost (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Mar. 31, 2022
Leases [Abstract]
Right-of-use assets included in other assets, net	$ 24,604	$ 59,459
Operating lease, right-of-use asset, statement of financial position [Extensible Enumeration]	Other assets, net	Other assets, net
Short-term lease liabilities included in other accrued expenses	$ 9,929	$ 8,984
Operating lease, liability, current, statement of financial position [Extensible Enumeration]	Other Accrued Liabilities, Current	Other Accrued Liabilities, Current
Long-term lease liabilities included in other liabilities	$ 37,243	$ 52,241
Operating lease, liability, noncurrent, statement of financial position [Extensible Enumeration]	Other liabilities	Other liabilities
Weighted average remaining lease term	5 years 7 months 6 days	6 years 4 months 24 days
Weighted average discount rate	3.50%	3.60%

INCOME TAX - Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance at beginning of period	$ 23,817	$ 25,026	$ 23,400
Increases related to prior year tax positions	93	411	0
Decreases related to prior year tax positions	(522)	0	(139)
Increases related to current year tax positions	2,229	990	1,765
Settlements with taxing authorities	(166)	0	0
Increases related to current year tax positions	(3,827)	(2,610)	0
Balance at end of period	$ 21,624	$ 23,817	$ 25,026

STOCKHOLDERS' EQUITY AND STOCK-BASED COMPENSATION - Stock Option Activity of Continuing Operations (Details) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
	Feb. 17, 2021	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Share-based compensation
Exercised (in dollars per share)		$ 11.06
Exercised		$ 3,681
DataFleets, Ltd
Share-based compensation
Total fair value of the replacement stock options issued	$ 2,900		$ 2,900
Stock options
Share-based compensation
Exercised		$ 3,700	$ 4,300	$ 23,200
Stock options \| DataFleets, Ltd
Share-based compensation
Exercised (in dollars per share)			$ 0.70
Shares issued in period (in shares)			42,154

LEASES

12 Months Ended

Mar. 31, 2023

Leases [Abstract]

LEASES

LEASES:

Right-of-use assets and lease liabilities balances consist of the following (dollars in thousands):



	March 31, 2023			March 31, 2022
Right-of-use assets included in other assets, net	$	24,604		$	59,459
Short-term lease liabilities included in other accrued expenses	$	9,929		$	8,984
Long-term lease liabilities included in other liabilities	$	37,243		$	52,241

Supplemental balance sheet information:
Weighted average remaining lease term	5.6 years			6.4 years
Weighted average discount rate	3.5		%	3.6		%

The Company leases its office facilities under non-cancellable operating leases that expire at various dates through fiscal 2030. Certain leases contain provisions for property-related costs that are variable in nature for which the Company is responsible, including common area maintenance and other property operating services. These costs are calculated based on a variety of factors including property values, tax and utility rates, property service fees, and other factors. Operating lease costs were $11.6 million, $11.6 million, and $11.6 million for the twelve months ended March 31, 2023, 2022, and 2021, respectively.

During the twelve months ended March 31, 2023, the Company recorded $24.6 million of right-of-use asset impairment charges and $2.9 million of non-lease component restructuring charges that are included in gains, losses and other items, net in the consolidated statements of operations related to the exit from certain leased office facilities. Please refer to Note 4, Restructuring, Impairment and Other Charges for further details.

Future minimum payments under all operating leases (including operating leases with a duration of one year or less) as of March 31, 2023 are as follows (dollars in thousands):


	Amount
Fiscal 2024	$	10,090
Fiscal 2025	9,116
Fiscal 2026	8,283
Fiscal 2027	8,017
Fiscal 2028	8,238
Thereafter	8,346
Total undiscounted lease commitments	52,090
Less: Interest and short-term leases	4,918
Total discounted operating lease liabilities	$	47,172

Future minimum payments as of March 31, 2023 related to restructuring plans as a result of the Company's exit from certain leased office facilities (see Note 4) are as follows (dollars in thousands): Fiscal 2024: $2,698; Fiscal 2025: $2,698; and Fiscal 2026: $1,799.

OTHER CURRENT AND NONCURRENT ASSETS - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment losses on strategic investment	$ 4.0
Disposal Group, Disposed of by Sale, Not Discontinued Operations \| IT Infrastructure Management Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Retained profits interest			$ 0.7
Gain on disposition of business		$ 30.5
Proceeds from divestiture of businesses		$ 31.2

STOCKHOLDERS' EQUITY AND STOCK-BASED COMPENSATION- Effect of Stock-based Compensation Expense on Income, by Financial Statement Line Item (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Share-based compensation
Total non-cash stock-based compensation	$ 125,800	$ 87,257	$ 111,707
Cost of revenue
Share-based compensation
Total non-cash stock-based compensation	6,317	4,111	5,300
Research and development
Share-based compensation
Total non-cash stock-based compensation	55,407	32,112	38,960
Sales and marketing
Share-based compensation
Total non-cash stock-based compensation	29,429	28,586	40,401
General and administrative
Share-based compensation
Total non-cash stock-based compensation	$ 34,647	$ 22,448	$ 27,046

OTHER LIABILITIES

12 Months Ended

Mar. 31, 2023

Other Liabilities Disclosure [Abstract]

OTHER LIABILITIES

OTHER LIABILITIES:

Other liabilities consist of the following (dollars in thousands):


	March 31, 2023		March 31, 2022
Uncertain tax positions	$	23,427	$	24,374
Long-term lease liabilities (see Note 3)	37,243		52,241
Lease restructuring accruals	5,713		3,619
Deferred tax liabilities	298		305
Other	5,117		5,571
Other liabilities	$	71,798	$	86,110

DISCONTINUED OPERATIONS - Narrative (Details) $ in Millions	12 Months Ended
DISCONTINUED OPERATIONS - Narrative (Details) $ in Millions	Mar. 31, 2023 USD ($)
Discontinued Operations \| Acxiom Marketing Solutions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Tax Adjustments, Settlements, and Unusual Provisions	$ 5.4

STOCKHOLDERS' EQUITY AND STOCK-BASED COMPENSATION - Stock-based Compensation Activity, by Award Type (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Share-based compensation
Total non-cash stock-based compensation	$ 125,800	$ 87,257	$ 111,707
Total non-cash stock-based compensation included in the consolidated statements of equity	117,351	71,180	84,396
Stock options
Share-based compensation
Share-based compensation expense	968	1,935	2,308
Restricted stock units
Share-based compensation
Share-based compensation expense	111,943	56,008	78,164
Restricted stock units \| Diablo.AI, Inc.
Share-based compensation
Share-based compensation expense	1,126	794	0
Consideration Holdback \| Data Plus Math Corporation
Share-based compensation
Share-based compensation expense	2,031	8,122	8,030
Consideration Holdback \| DataFleets, Ltd
Share-based compensation
Share-based compensation expense	5,611	6,043	755
Pacific Data Partners, LLC Agreement Plan \| Pacific Data Partners LLC
Share-based compensation
Share-based compensation expense	0	9,101	18,388
Acuity Performance Earnout \| Acuity Data
Share-based compensation
Share-based compensation expense	815	1,912	2,208
Employee stock purchase plan
Share-based compensation
Share-based compensation expense	2,051	1,803	704
Directors stock-based compensation
Share-based compensation
Share-based compensation expense	1,255	1,539	1,150
Liability-based equity awards
Share-based compensation
Total non-cash stock-based compensation	$ (8,449)	$ (16,077)	$ (27,311)

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ACQUISITIONS

12 Months Ended

Mar. 31, 2023

Business Combination and Asset Acquisition [Abstract]

ACQUISITIONS

ACQUISITIONS:

Rakam

On December 13, 2021, the Company completed the acquisition of certain technology assets owned by Rakam, Inc. ("Rakam") for approximately $2.2 million in cash (including a holdback amount of $0.2 million included in other accrued expenses in the consolidated balance sheet - see Note 11). The technology asset is a cloud-agnostic customer data analytics platform that is deployed direct in the client's data warehouse. The purchased technology has been embedded into the Company's platform, enabling us to provide a single, unified segmentation solution and enable our clients to generate real-time insights and create custom audiences wherever their data resides.

The Company concluded the acquired assets did not meet the definition of a business under ASU 2017-01, "Clarifying the Definition of a Business," and therefore has accounted for the acquisition as an asset acquisition. The purchased asset was recorded as a $2.2 million developed technology intangible asset included in other assets, net in the consolidated balance sheet and is being amortized over a period of three years based on its estimated useful life.

In connection with acquisition, the Company extended employment agreements and granted $2.6 million of restricted stock units to two key Rakam employees that will be recorded as non-cash stock compensation (see Note 14). The restricted stock units vest over four years and were not considered part of the asset purchase price as they require future service and continued employment by those individuals to vest.

Diablo

On April 21, 2021, the Company completed the acquisition of Diablo.ai, Inc. ("Diablo"), a first-party data resolution platform and graph builder, for approximately $9.7 million in cash (including a holdback amount of $1.2 million included in other accrued expenses in the consolidated balance sheet - see Note 11). The acquisition also included $1.9 million of assumed restricted stock awards that are recorded as non-cash stock compensation over a period of three years (see Note 14). Diablo's technology has been embedded into our unified platform and plays an integral role in our global identity capability. The Company omitted pro forma disclosures related to this acquisition as the pro forma effect of this acquisition was not material. The results of operations for this acquisition are included in the Company's consolidated results beginning April 21, 2021.

The following table summarizes the fair value of assets acquired and liabilities assumed as of the date of acquisition (dollars in thousands):


	April 21, 2021
Assets acquired:
Cash	$	131
Goodwill	6,807
Intangible assets	3,500
Total assets acquired	10,438
Deferred income taxes	(505)
Accounts payable and accrued expenses	(65)
Net assets acquired	9,868
Less:
Cash acquired	(131)
Net purchase price allocated	9,737
Less:
Cash held back	(1,200)
Net cash paid in acquisition	8,537

The excess of purchase consideration over the fair value of net tangible and identifiable intangible assets acquired was recorded as goodwill and is primarily attributed to the development of future technology and products. The goodwill balance is not deductible for U.S. income tax purposes. The amount allocated to intangible assets in the table is developed technology with a useful life of three years.

DataFleets

On February 17, 2021, the Company acquired DataFleets, Ltd. ("DataFleets"), a cloud data platform that enables data silos to be unified without moving data or compromising privacy. This acquisition expands LiveRamp's data protection capabilities to unlock greater data access and control for its customers. In addition, the deal opens up new use cases as well as new markets for distributed data collaboration. The Company has included the financial results of DataFleets in the consolidated financial statements as of February 17, 2021. The acquisition date fair value of the consideration for DataFleets was approximately $67.2 million, which consisted of the following (dollars in thousands):


Cash, net of $2.1 million cash acquired	58,264
Restricted cash held in escrow	8,900
Total fair value of consideration transferred	$	67,164

On the acquisition date, the Company delivered $8.9 million of cash to an escrow agent according to the terms of the purchase agreement. The principal escrow was owned by the Company until the funds were delivered to the DataFleets sellers in the fourth quarter of fiscal 2022. All interest and earnings on the principal escrow amount remained the property of the Company.

The total fair value of replacement stock options issued was $2.9 million for future services and is being expensed over the future requisite service periods.

In connection with the DataFleets acquisition, the Company agreed to pay $18.1 million to certain key employees (see Note 14). The consideration holdback is payable in three equal, annual increments, based on the anniversary dates of the acquisition, and is payable in shares of Company common stock. The number of shares to be issued annually will vary based on the market price of the shares on the date of issuance. The consideration holdback is not part of the purchase price, as vesting is dependent on continued employment of the key employees. It will be recorded as non-cash stock-based compensation expense over the three-year earning period.

The following table summarizes the fair value of assets acquired and liabilities assumed as of the date of acquisition (dollars in thousands):


	February 17, 2021
Assets acquired:
Cash	$	2,099
Goodwill	56,436
Intangible assets	11,400
Other current and noncurrent assets	1,119
Total assets acquired	71,054
Deferred income taxes	(1,716)
Accounts payable and accrued expenses	(75)
Net assets acquired	69,263
Less:
Cash acquired	(2,099)
Net purchase price allocated	67,164
Less:
Restricted cash held in escrow	(8,900)
Net cash paid in acquisition	$	58,264

The excess of purchase consideration over the fair value of net tangible and identifiable intangible assets acquired was recorded as goodwill and is primarily attributed to expectations to the development of future technology. The goodwill balance is not deductible for U.S. income tax purposes.

The amounts allocated to intangible assets in the table above included developed technology and customer relationships/trade name. Intangible assets are being amortized on a straight-line basis over the estimated useful lives. The following table presents the components of intangible assets acquired and their estimated useful lives as of the acquisition date (dollars in thousands):


			Useful life
	Fair value		(in years)
Developed technology	$	11,000	4
Customer relationships/trade names	400		2
Total intangible assets	$	11,400

The Company has omitted pro forma disclosures related to this acquisition date as the pro forma effect of this acquisition is not material.

Acuity Data

On July 16, 2020, the Company completed the acquisition of Acuity Data ("Acuity"), a team of global retail and consumer packaged goods ("CPG") experts, for approximately $2.9 million in cash. The acquisition also included a three-year performance plan having a maximum potential attainment of $5.1 million that would be recorded as non-cash stock-based compensation expense if achieved. The acquisition strengthens the retail analytics capabilities of our data collaboration platform by enabling better reporting, insights, and collaboration for retailers and CPG companies, bridging the gap between trade and media by bringing consumers' digital signals and retail transaction data together in a privacy-conscious manner.

The following table summarizes the fair value of assets acquired and liabilities assumed as of the date of acquisition (dollars in thousands):


	July 16, 2020
Assets acquired:
Cash	$	184
Trade accounts receivable	156
Goodwill	2,011
Intangible assets	1,100
Other current and noncurrent assets	43
Total assets acquired	3,494
Deferred income taxes	(288)
Accounts payable and accrued expenses	(89)
Net assets acquired	3,117
Less:
Cash acquired	(184)
Net cash paid	$	2,933

The excess of purchase consideration over the fair value of net tangible and identifiable intangible assets acquired was recorded as goodwill and is primarily attributed to the development of future technology and products, development of future customer relationships, and the Acuity assembled workforce. The Company has omitted pro forma disclosures related to this acquisition as the pro forma effect of this acquisition is not material.

OTHER LIABILITIES (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Mar. 31, 2022
Other Liabilities Disclosure [Abstract]
Uncertain tax positions	$ 23,427	$ 24,374
Long-term lease liabilities (see Note 3)	37,243	52,241
Lease restructuring accruals	5,713	3,619
Deferred tax liabilities	298	305
Other	5,117	5,571
Other liabilities	$ 71,798	$ 86,110

INTANGIBLE ASSETS - Estimated Future Amortization Expenses (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Mar. 31, 2022
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2024	$ 6,847
2025	3,021
Total finite-lived intangible assets, net	$ 9,868	$ 26,718

OTHER CURRENT AND NONCURRENT ASSETS (Tables)

12 Months Ended

Mar. 31, 2023

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of Components of Other Current Assets

Other current assets consist of the following (dollars in thousands):


	March 31, 2023		March 31, 2022
Prepaid expenses and other	$	18,918	$	13,947


Assets of non-qualified retirement plan	12,110		15,528
Other current assets	$	31,028	$	29,475

Schedule of Components of Other Noncurrent Assets

Other noncurrent assets consist of the following (dollars in thousands):


	March 31, 2023		March 31, 2022
Long-term prepaid revenue share	$	9,659	$	13,468
Right-of-use assets (see Note 3)	24,604		59,459
Deferred tax asset	1,253		1,224
Deposits	3,452		4,486
Strategic investments	1,600		5,700
Other miscellaneous noncurrent assets	477		877
Other assets, net	$	41,045	$	85,214

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities:
Net loss	$ (118,702)	$ (33,833)	$ (90,268)
Earnings from discontinued operations	(5,404)	0	0
Non-cash operating activities:
Depreciation and amortization	20,787	24,248	27,741
Loss on disposal or impairment of assets	4,137	183	388
Gain on sale of strategic investments	(194)	0	0
Lease-related restructuring charges	27,545	0	0
Gain on distribution from retained profits interest	0	(30,235)	0
Provision for doubtful accounts	1,776	4,217	2,915
Deferred income taxes	115	(1,540)	(1,418)
Non-cash stock compensation expense	125,800	87,257	111,707
Changes in operating assets and liabilities:
Accounts receivable, net	(12,123)	(38,611)	(24,828)
Deferred commissions	(6,436)	(7,975)	(6,605)
Other assets	7,705	26,863	(18,772)
Accounts payable and other liabilities	(15,369)	8,850	(116)
Income taxes, net	596	33,969	(26,215)
Deferred revenue	4,208	4,684	4,911
Net cash provided by operating activities	34,441	78,077	(20,560)
Cash flows from investing activities:
Capital expenditures	(4,696)	(4,499)	(2,182)
Cash paid in acquisitions, net of cash received	0	(19,107)	(76,012)
Distribution from retained profits interest	0	31,184	0
Purchases of investments	(28,197)	0	(7,500)
Proceeds from investments	3,000	0	0
Purchases of strategic investments	(500)	0	(2,200)
Proceeds from sale of strategic investment	1,394	0	0
Net cash provided by (used in) investing activities	(28,999)	7,578	(87,894)
Cash flows from financing activities:
Proceeds related to the issuance of common stock under stock and employee benefit plans	6,259	6,266	8,737
Shares repurchased for tax withholdings upon vesting of stock-based awards	(2,272)	(14,626)	(9,920)
Acquisition of treasury stock	(149,997)	(58,621)	(42,312)
Net cash used in financing activities	(146,010)	(66,981)	(43,495)
Net cash provided by (used in) continuing operations	(140,568)	18,674	(151,949)
Cash flows from discontinued operations:
From operating activities	5,404	0	0
Net cash provided by discontinued operations	5,404	0	0
Effect of exchange rate changes on cash	(550)	(199)	1,010
Net change in cash and cash equivalents	(135,714)	18,475	(150,939)
Cash and cash equivalents at beginning of period	600,162	581,687	732,626
Cash and cash equivalents at end of period	464,448	600,162	581,687
Supplemental cash flow information:
Cash paid (received) for income taxes, net - continuing operations	5,801	(32,916)	(2,911)
Cash (received) for income taxes, net - discontinued operations	(8,332)	0	0
Cash paid for operating lease liabilities	8,243	10,108	10,883
Operating lease assets obtained in exchange for operating lease liabilities	69	56,182	372
Operating lease assets, and related lease liabilities, relinquished in lease terminations	(6,781)	0	0
Purchases of property, plant and equipment remaining unpaid at period end	$ 47	$ 696	$ 0

ACQUISITIONS (Tables)

12 Months Ended

Mar. 31, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the fair value of assets acquired and liabilities assumed as of the date of acquisition (dollars in thousands):


	April 21, 2021
Assets acquired:
Cash	$	131
Goodwill	6,807
Intangible assets	3,500
Total assets acquired	10,438
Deferred income taxes	(505)
Accounts payable and accrued expenses	(65)
Net assets acquired	9,868
Less:
Cash acquired	(131)
Net purchase price allocated	9,737
Less:
Cash held back	(1,200)
Net cash paid in acquisition	8,537

The following table summarizes the fair value of assets acquired and liabilities assumed as of the date of acquisition (dollars in thousands):


	February 17, 2021
Assets acquired:
Cash	$	2,099
Goodwill	56,436
Intangible assets	11,400
Other current and noncurrent assets	1,119
Total assets acquired	71,054
Deferred income taxes	(1,716)
Accounts payable and accrued expenses	(75)
Net assets acquired	69,263
Less:
Cash acquired	(2,099)
Net purchase price allocated	67,164
Less:
Restricted cash held in escrow	(8,900)
Net cash paid in acquisition	$	58,264

The following table summarizes the fair value of assets acquired and liabilities assumed as of the date of acquisition (dollars in thousands):


	July 16, 2020
Assets acquired:
Cash	$	184
Trade accounts receivable	156
Goodwill	2,011
Intangible assets	1,100
Other current and noncurrent assets	43
Total assets acquired	3,494
Deferred income taxes	(288)
Accounts payable and accrued expenses	(89)
Net assets acquired	3,117
Less:
Cash acquired	(184)
Net cash paid	$	2,933

Schedule of Business Acquisitions, by Acquisition

The acquisition date fair value of the consideration for DataFleets was approximately $67.2 million, which consisted of the following (dollars in thousands):


Cash, net of $2.1 million cash acquired	58,264
Restricted cash held in escrow	8,900
Total fair value of consideration transferred	$	67,164

Schedule of Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The following table presents the components of intangible assets acquired and their estimated useful lives as of the acquisition date (dollars in thousands):


			Useful life
	Fair value		(in years)
Developed technology	$	11,000	4
Customer relationships/trade names	400		2
Total intangible assets	$	11,400

PROPERTY AND EQUIPMENT - Narrative (Details) - USD ($)	12 Months Ended
PROPERTY AND EQUIPMENT - Narrative (Details) - USD ($)	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 4,000,000	$ 5,400,000	$ 8,900,000
Asset impairment charges	$ 4,100,000	$ 0	$ 0

COMMITMENTS AND CONTINGENCIES

12 Months Ended

Mar. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES:

Legal Matters

The Company is involved in various claims and legal proceedings that arise in the ordinary course of business. Management routinely assesses the likelihood of adverse judgments or outcomes to these matters, as well as ranges of probable losses, to the extent losses are reasonably estimable. The Company records accruals for these matters to the extent that management concludes a loss is probable and the financial impact, should an adverse outcome occur, is reasonably estimable. These accruals are adjusted to reflect the impacts of negotiations, settlements, rulings, advice of legal counsel, and other information and events pertinent to a particular matter. These accruals are reflected in the Company’s consolidated financial statements. In management’s opinion, the Company has made appropriate and adequate accruals for these matters, and management believes the probability of a material loss beyond the amounts accrued to be remote. However, the ultimate liability for these matters is uncertain, and if accruals are not adequate, an adverse outcome could have a material effect on the Company’s consolidated financial condition or results of operations. The Company maintains insurance coverage above certain limits.

Commitments


	For the years ending March 31,
	2024		2025		2026		2027		Total
Purchase commitments	$	90,433	$	75,931	$	6,106	$	675	$	173,145

While the Company does not have any other material contractual commitments for capital expenditures, certain levels of investments in facilities and computer equipment continue to be necessary to support the growth of the business.

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

12 Months Ended

Mar. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

Description of Business -

LiveRamp Holdings, Inc. ("LiveRamp", "we", "us", or the "Company") is a global technology company that helps companies build enduring brand and business value by collaborating responsibly with data. A groundbreaking leader in consumer privacy, data ethics and foundational identity, LiveRamp is setting a new standard for building a connected customer view with unmatched clarity and context while protecting brand and consumer trust. Our best-in-class enterprise platform enables data collaboration, where companies can share first-party consumer data with trusted business partners securely and in a privacy conscious manner. We offer flexibility to collaborate wherever data lives to support a wide range of data collaboration use cases—within organizations, between brands, and across our global network of premier partners. Global innovators, from iconic consumer brands and tech platforms to retailers, financial services, and healthcare leaders, turn to LiveRamp to deepen customer engagement and loyalty, activate new partnerships, and maximize the value of their first-party data while staying on the forefront of rapidly evolving compliance and privacy requirements.

LiveRamp is a Delaware corporation headquartered in San Francisco, California. Our common stock is listed on the New York Stock Exchange under the symbol “RAMP.” We serve a global client base from locations in the United States, Europe, and the Asia-Pacific (“APAC”) region. Our direct client list includes many of the world’s best-known and most innovative brands across most major industry verticals, including but not limited to financial, insurance and investment services, retail, automotive, telecommunications, high tech, consumer packaged goods, healthcare, travel, entertainment and non-profit. Through our expansive partner ecosystem we serve thousands of additional companies, unlocking access to unique customer moments and creating powerful network effects.

Basis of Presentation and Principles of Consolidation -

Use of Estimates -

Operating Segments -

Earnings (Loss) per Share -

Basic net loss per share is computed by dividing net loss by the weighted average number of common shares outstanding for the period. Diluted net loss per share is computed by giving effect to all potential dilutive common stock equivalents outstanding for the period.

A reconciliation of the numerator and denominator of basic and diluted loss per share is shown below (in thousands, except per share amounts):



	Year ended March 31,
		2023		2022		2021
Net loss from continuing operations		$	(124,106)	$	(33,833)	$	(90,268)
Earnings from discontinued operations, net of tax		5,404		—		—
Net loss		$	(118,702)	$	(33,833)	$	(90,268)

Basic weighted-average shares outstanding		66,352		68,211		66,304
Dilutive effect of common stock options and restricted stock as computed under the treasury stock method (1)		—		—		—
Diluted weighted-average shares outstanding		66,352		68,211		66,304

Net earnings (loss) per common share, basic and diluted
Continuing operations		$	(1.87)	$	(0.50)	$	(1.36)
Discontinued operations		0.08		—		—
Net loss		$	(1.79)	$	(0.50)	$	(1.36)



	Year ended March 31,
	2023	2022	2021
Number of shares underlying restricted stock units	2,376	686	90

Significant Accounting Policies

Cash and Cash Equivalents -

The Company considers all highly-liquid investments purchased with original maturities of three months or less to be cash equivalents. Cash and cash equivalents consist of cash held in bank deposit accounts and short-term, highly-liquid money-market fund investments and U.S. Treasury securities with remaining maturities of three months or less at the date of purchase.

Investments -

Investments consist of U.S. Treasury securities and certificates of deposit. Securities having remaining maturities of more than three months at the date of purchase and less than one year from the date of the balance sheet are classified as short-term, and those with maturities of more than one year from the date of the balance sheet are classified as long-term in the consolidated balance sheets. These investments are carried at fair market value, with unrealized gains and losses considered to be temporary in nature reported as accumulated other comprehensive income, a separate component of stockholders' equity. The Company reviews all investments for reductions in fair value that are other-than-temporary. When such reductions occur, the cost of the investment is adjusted to fair value through recording a loss on investments in the consolidated statements of operations. Gains and losses on investments are calculated on the basis of specific identification. We did not recognize any gains or losses in fiscal 2023, 2022 or 2021.

Strategic Investments -

Strategic investments consist of non-controlling equity investments in privately held companies. The Company elected the measurement alternative for these investments without readily determinable fair values and for which the Company does not have the ability to exercise significant influence. These investments are accounted for under the cost method of accounting. Under the cost method of accounting, the non-marketable equity securities are carried at cost less any impairment, plus or minus adjustments resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer, which is recorded within the statement of operations. On a quarterly basis, the Company performs a qualitative assessment to evaluate whether the investment is impaired. If there are sufficient indicators that the fair value of the investment is less than the carrying value, the carrying value of the investment is reduced and an impairment is recorded in the consolidated statements of operations as other expense, net of tax. During the twelve months ended March 31, 2023, the Company recorded a $4.0 million impairment of a strategic investment that is recorded in other expense in the consolidated statement of operations. There were no impairment charges for the twelve months ended March 31, 2022 or 2021, respectively.

Revenue Recognition -

We determine revenue recognition through the following steps:

•Identification of the contract, or contracts, with a customer;

•Identification of the performance obligations in the contract;

•Determination of the transaction price;

•Allocation of the transaction price to the performance obligations in the contract; and

•Recognition of revenue when, or as, the performance obligations are satisfied.

Identification of the contract

Identification of the performance obligations

Determination of the transaction price

Allocation of the transaction price to the performance obligations in the contract

Recognition of revenue when, or as, the performance obligations are satisfied

Accounts Receivable

A summary of the activity of the allowance for credit losses, returns and credits was (dollars in thousands):


Year ended:	Balance at beginning of period		Additions charged to costs and expenses	Other changes	Bad debts written off, net of amounts recovered	Balance at end of period
March 31, 2021	$	7,575	2,915	108	(2,981)	$	7,617
March 31, 2022	$	7,617	4,217	(3)	(1,870)	$	9,961
March 31, 2023	$	9,961	1,776	10	(2,403)	$	9,344

Deferred Revenue

Deferred Commissions, net -

The Company capitalizes incremental costs to acquire contracts and amortizes them on a straight-line basis over the expected period of benefit, which we have determined to be four years. Net capitalized costs of $6.8 million and $8.0 million were recognized as a reduction of operating expense for the years ended March 31, 2023 and 2022, respectively. We did not recognize any impairment charges in fiscal 2023, 2022, or 2021.

Property and Equipment -

Property and equipment are stated at cost. Depreciation and amortization are calculated on the straight-line method over the estimated useful lives of the assets as follows: leasehold improvements, 2 - 5 years; data processing equipment, 2 - 5 years, and office furniture and other equipment, 3 - 7 years.

Operating Leases -

Business Combinations –

Goodwill -

Intangible Assets -


						Weighted Average Useful Life (years)
Developed technology						3.9
Customer relationships						5.3
Publisher and Data Supply relationships						4.0

Impairment of Long-lived Assets -

Fair Value of Financial Instruments -

Concentration of Credit Risk and Significant Customers -

Financial instruments that potentially subject us to concentrations of credit risk consist primarily of cash and cash equivalents and trade accounts receivable.

The Company has no significant off-balance sheet risk such as foreign exchange contracts, options contracts, or other hedging arrangements.

The Company’s trade accounts receivables are from a large number of customers. Accordingly, the Company’s credit risk is affected by general economic conditions.

Income Taxes -

Foreign Currency -

Advertising Expense -

Legal Contingencies -

Stock-Based Compensation -

Restructuring –

The Company records costs associated with employee terminations and other exit activity in accordance with ASC 420, Exit or Disposal Cost Obligations, depending on whether the costs relate to exit or disposal activities under the accounting standards, or whether they are other post-employment termination benefits. Under applicable accounting standards for exit or disposal costs, the Company records employee termination benefits as an operating expense when the benefit arrangement is communicated to the employee and no significant future services are required. Under the accounting standards related to post employment termination benefits, the Company records employee termination benefits when the termination benefits are probable and can be estimated. The Company recognizes the present value of facility lease termination obligations, net of estimated sublease income and other exit costs, when the Company has future payments with no future economic benefit or a commitment to pay the termination costs of a prior commitment. In future periods, the Company will record accretion expense to increase the liability to an amount equal to the estimated future cash payments necessary to exit the leases. This requires judgment and management estimation to determine the expected time frame for securing a subtenant, the amount of sublease income to be received and the appropriate discount rate to calculate the present value of the future cash flows. Should actual lease exit costs differ from estimates, the Company may be required to adjust the restructuring charge within gains, losses and other items, net in the consolidated statement of operations in the period any adjustment is recorded.


Accounting Pronouncements Adopted During the Current Year -

Standard	Description	Date of Adoption	Effect on Financial Statements or Other Significant Matters
Accounting Standard Update (“ASU”) 2021-08 Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers	ASU 2021-08 requires companies to recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with the revenue recognition guidance as if the acquirer had entered into the original contract at the same time, and on the same terms, as the acquiree. Generally, this will result in the acquirer recognizing contract assets and liabilities at the same amounts recorded by the acquiree as of the acquisition date. Under the previous standard, an acquirer generally recognizes such items at fair value on the acquisition date. This update is effective for fiscal years beginning after December 15, 2022 with early adoption permitted.	April 1, 2022	The adoption of this standard did not have a material impact on our consolidated financial statements and related disclosures.


Recent accounting pronouncements not yet adopted -

Standard	Description	Date of Adoption	Effect on Financial Statements or Other Significant Matters
There are no material accounting pronouncements applicable to the Company not yet adopted

LEASES - Supplemental information related to operating leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Leases [Abstract]
Cash paid for operating lease liabilities	$ 8,243	$ 10,108	$ 10,883
Operating lease assets obtained in exchange for operating lease liabilities	$ 69	$ 56,182	$ 372
Weighted average remaining lease term	5 years 7 months 6 days	6 years 4 months 24 days
Weighted average discount rate	3.50%	3.60%

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Finite-Lived Intangible Assets (Details)	12 Months Ended
	Mar. 31, 2023
Developed technology
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life (years)	3 years 10 months 24 days
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life (years)	5 years 3 months 18 days
Publisher and Data Supply relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life (years)	4 years

INTANGIBLE ASSETS

12 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

INTANGIBLE ASSETS:

The amounts allocated to intangible assets from acquisitions include developed technology, customer relationships, trade names, and publisher and data supply relationships. The following table shows the amortization activity of intangible assets (dollars in thousands):


	March 31, 2023		March 31, 2022
Developed technology, gross	$	72,095	$	84,146
Accumulated amortization	(63,658)		(67,980)
Net developed technology	$	8,437	$	16,166

Customer relationship/trade name, gross	$	34,384	$	43,490
Accumulated amortization	(33,953)		(40,582)
Net customer/trade name	$	431	$	2,908

Publisher/data supply relationships, gross	$	16,000	$	39,800
Accumulated amortization	(15,000)		(32,156)
Net publisher/data supply relationships	$	1,000	$	7,644

Total intangible assets, gross	$	122,479	$	167,436
Total accumulated amortization	(112,611)		(140,718)
Total intangible assets, net	$	9,868	$	26,718

Total amortization expense related to intangible assets was $16.8 million, $18.7 million and $18.0 million for the twelve months ended March 31, 2023, 2022 and 2021, respectively.

The following table presents the estimated future amortization expenses related to intangible assets.


Fiscal Year:
2024	$	6,847
2025	3,021


	$	9,868

INTANGIBLE ASSETS (Tables)

12 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Amortization Activity of Intangible Assets

The following table shows the amortization activity of intangible assets (dollars in thousands):


	March 31, 2023		March 31, 2022
Developed technology, gross	$	72,095	$	84,146
Accumulated amortization	(63,658)		(67,980)
Net developed technology	$	8,437	$	16,166

Customer relationship/trade name, gross	$	34,384	$	43,490
Accumulated amortization	(33,953)		(40,582)
Net customer/trade name	$	431	$	2,908

Publisher/data supply relationships, gross	$	16,000	$	39,800
Accumulated amortization	(15,000)		(32,156)
Net publisher/data supply relationships	$	1,000	$	7,644

Total intangible assets, gross	$	122,479	$	167,436
Total accumulated amortization	(112,611)		(140,718)
Total intangible assets, net	$	9,868	$	26,718

Schedule of Estimated Future Amortization Expenses related to Purchases and Other Intangible Assets

The following table presents the estimated future amortization expenses related to intangible assets.


Fiscal Year:
2024	$	6,847
2025	3,021


	$	9,868

INTANGIBLE ASSETS - Amounts Allocated to Intangible Assets from Acquisitions (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Mar. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	$ 122,479	$ 167,436
Accumulated amortization	(112,611)	(140,718)
Total finite-lived intangible assets, net	9,868	26,718
Developed technology, gross
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	72,095	84,146
Accumulated amortization	(63,658)	(67,980)
Total finite-lived intangible assets, net	8,437	16,166
Customer relationship/trade name, gross
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	34,384	43,490
Accumulated amortization	(33,953)	(40,582)
Total finite-lived intangible assets, net	431	2,908
Publisher/data supply relationships, gross
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	16,000	39,800
Accumulated amortization	(15,000)	(32,156)
Total finite-lived intangible assets, net	$ 1,000	$ 7,644

FOREIGN OPERATIONS

12 Months Ended

Mar. 31, 2023

Segments, Geographical Areas [Abstract]

FOREIGN OPERATIONS

FOREIGN OPERATIONS:

The Company attributes revenue to each geographic region based on the location of the Company’s operations. The following table shows financial information by geographic area (dollars in thousands):


	Year ended March 31,
Revenue	2023		2022		2021
United States	$	556,219	$	495,765	$	415,976
Foreign
Europe	32,210		26,373		22,515
APAC	7,470		6,519		4,535
Other	684		—		—
All Foreign	40,364		32,892		27,050

	$	596,583	$	528,657	$	443,026

Long-lived assets excluding financial instruments (dollars in thousands):


	March 31,
	2023		2022
United States	$	452,555	$	509,014
Foreign
Europe	1,643		4,174
APAC	3,946		4,714
All Foreign	5,589		8,888
	$	458,144	$	517,902

FAIR VALUE OF FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Mar. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities Measured at Fair Value


	March 31, 2023
	Cash and Cash Equivalents		Short-Term Investments		Other Current Assets		Total
Cash	$	22,603	$	—	$	—	$	22,603
Level 1:
Money market funds	439,853		—		—		439,853
Assets of non-qualified retirement plan	—		—		12,110		12,110
U.S. Treasury securities	1,992		25,307		—		27,299
Certificates of deposit	—		7,500		—		7,500
Total	$	464,448	$	32,807	$	12,110	$	509,365


	March 31, 2022
	Cash and Cash Equivalents		Short-Term Investments		Other Current Assets		Total
Cash	$	23,402					$	23,402
Level 1:
Money market funds	576,760		—		—		576,760
Assets of non-qualified retirement plan	—		—		15,528		15,528

Certificates of deposit	—		7,500		—		7,500
Total	$	600,162	$	7,500	$	15,528	$	623,190