0000733269-19-000022 | 10-K | XBRL Viewer

SOFTWARE: (Tables)

12 Months Ended

Mar. 31, 2019

Schedule of Finite-Lived Intangible Assets

Software is summarized as follows (dollars in thousands):


	March 31,		March 31,
	2019		2018
Internally developed computer software	$	51,525	$	49,964
Acquired developed technology	54,000		54,000
	105,525		103,964
Less accumulated amortization	98,664		89,994
	$	6,861	$	13,970

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2019	Mar. 31, 2018
Current assets:
Cash and cash equivalents	$ 1,061,473	$ 140,018
Trade accounts receivable, net	78,563	52,047
Refundable income taxes	7,890	9,977
Other current assets	44,150	20,173
Assets held for sale	0	138,374
Total current assets	1,192,076	360,589
Property and equipment, net of accumulated depreciation and amortization	26,043	32,340
Software, net of accumulated amortization	6,861	13,970
Goodwill	204,656	203,639
Deferred income taxes	35	10,703
Deferred commissions, net	10,741
Other assets, net	32,499	37,854
Assets held for sale	0	550,402
TOTAL ASSETS	1,472,911	1,209,497
Current liabilities:
Current installments of long-term debt	0	1,583
Trade accounts payable	31,203	18,759
Accrued payroll and related expenses	18,715	13,774
Other accrued expenses	40,916	39,624
Deferred revenue	4,284
Deferred revenue		4,506
Liabilities held for sale	0	100,353
Total current liabilities	95,118	178,599
Long-term debt	0	227,837
Deferred income taxes	39	40,243
Other liabilities	46,922	10,016
Other liabilities held for sale	0	3,707
Commitments and contingencies
Equity:
Common stock, $0.10 par value (authorized 200 million shares; issued 141.9 million and 136.1 million shares at March 31, 2019 and 2018, respectively)	14,187	13,609
Additional paid-in capital	1,406,813	1,235,679
Retained earnings	1,669,605	628,331
Accumulated other comprehensive income	7,801	10,767
Treasury stock, at cost (73.2 million and 58.3 million shares at March 31, 2019 and 2018, respectively)	(1,767,574)	(1,139,291)
Total equity	1,330,832	749,095
TOTAL LIABILITIES AND EQUITY	$ 1,472,911	$ 1,209,497

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Statement of Comprehensive Income [Abstract]
Net earnings	$ 1,028,547	$ 23,480	$ 4,108
Other comprehensive income (loss):
Change in foreign currency translation adjustment	(2,966)	2,768	(706)
Unrealized gain on interest rate swap	0	0	115
Other comprehensive income (loss)	(2,966)	2,768	(591)
Comprehensive income	$ 1,025,581	$ 26,248	$ 3,517

TOPIC 606 ADOPTION IMPACT AND REVENUE FROM CONTRACTS WITH CUSTOMERS: Impact of changes in accounting policies (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Statement of Financial Position [Abstract]
Deferred income taxes	$ 35				$ 10,703				$ 35	$ 10,703
Deferred commissions, net	10,741								10,741
Others	1,462,135								1,462,135
TOTAL ASSETS	1,472,911				1,209,497				1,472,911	1,209,497
Total liabilities	142,079								142,079
Retained earnings	1,669,605				628,331				1,669,605	628,331
Other equity	(338,773)								(338,773)
Total equity	1,330,832				749,095				1,330,832	749,095
TOTAL LIABILITIES AND EQUITY	1,472,911				1,209,497				1,472,911	1,209,497
Income Statement [Abstract]
Revenues	78,316	$ 80,021	$ 64,812	$ 62,471	60,210	$ 59,121	$ 54,013	$ 46,757	285,620	220,101	$ 174,760
Cost of revenue									120,718	96,396	99,976
Gross profit	40,556	45,183	40,346	38,817	36,410	34,595	30,004	22,696	164,902	123,705	74,784
Operating expenses:
Sales and marketing									158,540	108,639	59,258
Other operating expenses									204,508
Total operating expenses									363,048	257,229	206,196
Loss from operations	(49,688)	(15,261)	(41,180)	(27,818)	(19,010)	3,117	(25,191)	(26,215)	(198,146)	(133,524)	(131,412)
Total other income									18,790	502	652
Loss from continuing operations before income taxes									(179,356)	(133,022)	(130,760)
Income taxes (benefit)									(45,409)	(65,723)	(45,184)
Net loss from continuing operations									(133,947)	(67,299)	(85,576)
Statement of Comprehensive Income [Abstract]
Net earnings	(45,461)	1,056,400	20,623	(3,015)	5,175	22,941	(3,336)	(1,300)	1,028,547	23,480	4,108
Other comprehensive income (loss):
Change in foreign currency translation adjustment									(2,966)	2,768	(706)
Comprehensive income									1,025,581	26,248	3,517
Statement of Cash Flows [Abstract]
Net earnings	(45,461)	1,056,400	20,623	(3,015)	5,175	22,941	(3,336)	(1,300)	1,028,547	23,480	4,108
Earnings from discontinued operations, net of tax	(4,227)	$ (1,071,661)	$ (61,803)	(24,803)	(24,185)	$ (19,824)	$ (21,855)	(24,915)	(1,162,494)	(90,779)	(89,684)
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Deferred income taxes									9,894	(27,798)	(11,107)
Others									143,033
Changes in operating assets and liabilities:
Accounts receivable, net									(44,411)	(13,703)	(10,067)
Deferred commissions									(4,298)	0	0
Other assets									(3,106)	562	(3,155)
Accounts payable and other liabilities									25,308	(3,219)	812
Income taxes									5,087	2,310	9,121
Deferred revenue									462
Net cash provided by (used in) operating activities									(1,978)	(14,090)	(25,888)
Net cash from investing activities									(11,142)	(14,119)	(124,374)
Net cash from financing activities									(841,508)	(81,540)	25,776
Net cash from discontinued operations									1,777,833	79,649	106,070
Effect of exchange rate changes on cash									(1,750)	1,438	(1,572)
Net change in cash and cash equivalents									921,455	(28,662)	(19,988)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning Balance				140,018				$ 168,680	140,018	168,680	188,668
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Ending Balance	1,061,473				140,018				1,061,473	140,018	$ 168,680
ASC 606 Adjustments \| Accounting Standards Update 2016-02
Statement of Financial Position [Abstract]
Deferred income taxes	2,556								2,556
Deferred commissions, net	(10,741)								(10,741)
Others	0								0
TOTAL ASSETS	(8,185)								(8,185)
Total liabilities	0								0
Retained earnings	(8,185)								(8,185)
Other equity	0								0
Total equity	(8,185)								(8,185)
TOTAL LIABILITIES AND EQUITY	(8,185)								(8,185)
Income Statement [Abstract]
Revenues									0
Cost of revenue									0
Gross profit									0
Operating expenses:
Sales and marketing									4,298
Other operating expenses									0
Total operating expenses									4,298
Loss from operations									(4,298)
Total other income									0
Loss from continuing operations before income taxes									(4,298)
Income taxes (benefit)									(1,023)
Net loss from continuing operations									(3,275)
Statement of Comprehensive Income [Abstract]
Net earnings									(3,275)
Other comprehensive income (loss):
Change in foreign currency translation adjustment									0
Comprehensive income									(3,275)
Statement of Cash Flows [Abstract]
Net earnings									(3,275)
Earnings from discontinued operations, net of tax									0
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Deferred income taxes									(1,023)
Others									0
Changes in operating assets and liabilities:
Accounts receivable, net									0
Deferred commissions									4,298
Other assets									0
Accounts payable and other liabilities									0
Income taxes									0
Deferred revenue									0
Net cash provided by (used in) operating activities									0
Net cash from investing activities									0
Net cash from financing activities									0
Net cash from discontinued operations									0
Effect of exchange rate changes on cash									0
Net change in cash and cash equivalents									0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning Balance				0					0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Ending Balance	0				0				0	0
Calculated under Revenue Guidance in Effect before Topic 606 [Member]
Statement of Financial Position [Abstract]
Deferred income taxes	2,591								2,591
Deferred commissions, net	0								0
Others	1,462,135								1,462,135
TOTAL ASSETS	1,464,726								1,464,726
Total liabilities	142,079								142,079
Retained earnings	1,661,420								1,661,420
Other equity	(338,773)								(338,773)
Total equity	1,322,647								1,322,647
TOTAL LIABILITIES AND EQUITY	1,464,726								1,464,726
Income Statement [Abstract]
Revenues									285,620
Cost of revenue									120,718
Gross profit									164,902
Operating expenses:
Sales and marketing									162,838
Other operating expenses									204,508
Total operating expenses									367,346
Loss from operations									(202,444)
Total other income									18,790
Loss from continuing operations before income taxes									(183,654)
Income taxes (benefit)									(46,432)
Net loss from continuing operations									(137,222)
Statement of Comprehensive Income [Abstract]
Net earnings									1,025,272
Other comprehensive income (loss):
Change in foreign currency translation adjustment									(2,966)
Comprehensive income									1,022,306
Statement of Cash Flows [Abstract]
Net earnings									1,025,272
Earnings from discontinued operations, net of tax									(1,162,494)
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Deferred income taxes									8,871
Others									143,033
Changes in operating assets and liabilities:
Accounts receivable, net									(44,411)
Deferred commissions									0
Other assets									(3,106)
Accounts payable and other liabilities									25,308
Income taxes									5,087
Deferred revenue									462
Net cash provided by (used in) operating activities									(1,978)
Net cash from investing activities									(11,142)
Net cash from financing activities									(841,508)
Net cash from discontinued operations									1,777,833
Effect of exchange rate changes on cash									(1,750)
Net change in cash and cash equivalents									921,455
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning Balance				$ 140,018					140,018
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Ending Balance	$ 1,061,473				$ 140,018				$ 1,061,473	$ 140,018

LONG-TERM DEBT: - Schedule of debt (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Mar. 31, 2018
Long-term debt
Total long-term debt		$ 233,293
Less current installments		1,583
Less deferred debt financing costs		3,873
Long-term debt, excluding current installments and deferred debt financing costs	$ 0	227,837
Revolving credit borrowings
Long-term debt
Total long-term debt		230,000
Other debt
Long-term debt
Total long-term debt		$ 3,293

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

12 Months Ended

Mar. 31, 2019

Accounting Policies [Abstract]

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

Description of Business -

On September 20, 2018, we implemented a holding company reorganization, as a result of which Acxiom Holdings, Inc. became the successor issuer to Acxiom Corporation. On October 1, 2018, we changed our name to LiveRamp Holdings, Inc. ("LiveRamp"). References to "we", "us", "our" or the "Company" for events that occurred prior to September 20, 2018 refer to Acxiom Corporation and its subsidiaries; for events that occurred from September 20, 2018 to October 1, 2018, to Acxiom Holdings, Inc. and its subsidiaries; and after October 1, 2018, to LiveRamp Holdings, Inc. and its subsidiaries.

LiveRamp is a global technology company with a vision of becoming the trusted platform that makes all customer data accessible and meaningful. We provide a an enterprise customer management platform that help organizations better leverage customer data to deliver innovative products and meaningful experiences. Powered by its core capabilities in data accessibility, identity, connectivity and data stewardship, LiveRamp makes it safe and easy to connect the world’s data, people and applications.

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 largest and best-known 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, non-profit, and government. Through our extensive reseller and partnership network, we serve thousands of additional companies, establishing LiveRamp as a foundational and neutral enabler of the customer experience economy.

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 accordance with accounting principles generally accepted in the United States of America (“GAAP”) as set forth in the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) and we consider the various staff accounting bulletins and other applicable guidance issued by the United States Securities and Exchange Commission ("SEC").

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 doubtful accounts, the fair value of acquired assets and assumed liabilities, projected cash flows associated with recoverability of assets, 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 materially from these estimates.

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 the chief operating decision maker. Our chief operating decision maker 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.

Discontinued Operations -

Discontinued operations comprise those activities that have been disposed of during the period or that have been classified as held for sale at the end of the period, and represent a separate major line of business or geographical area that can be clearly distinguished for operational and financial reporting purposes. In fiscal 2019, the Company sold its Acxiom Marketing Solutions business (“AMS”) and began reporting the results of operations, cash flows and the balance sheet amounts pertaining to AMS as a component of discontinued operations in the consolidated financial statements.

Unless otherwise indicated, information in the notes to the consolidated financial statements relates to continuing operations.

Earnings (Loss) per Share -

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


	2019		2018		2017
Net loss from continuing operations	$	(133,947)	$	(67,299)	$	(85,576)
Earnings from discontinued operations, net of tax	$	1,162,494	$	90,779	$	89,684
Net earnings	$	1,028,547	$	23,480	$	4,108
Basic earnings (loss) per share:
Basic weighted-average shares outstanding	75,020		78,891		77,609
Basic earnings (loss) per share:
Continuing operations	$	(1.79)	$	(0.85)	$	(1.10)
Discontinued operations	15.50		1.15		1.16
Net earnings	$	13.71	$	0.30	$	0.05
Diluted earnings (loss) per share:


Diluted weighted-average shares outstanding	75,020		78,891		77,609
Diluted earnings (loss) per share:
Continuing operations	$	(1.79)	$	(0.85)	$	(1.10)
Discontinued operations	15.50		1.15		1.16
Net earnings	$	13.71	$	0.30	$	0.05

Due to the net loss from continuing operations in each year, the dilutive effect of options and restricted stock units covering 3.4 million, 2.6 million, and 2.2 million shares of common stock at March 31, 2019, 2018 and 2017, respectively, was excluded from the earnings per share calculation since the impact on the calculation was anti-dilutive. Additional options to purchase shares of common stock and restricted stock units that were outstanding during the periods presented but were not included in the computation of diluted earnings per share because the effect was anti-dilutive are shown below (in thousands, except per share amounts):


	2019						2018							2017
Number of shares outstanding under options and restricted stock units	227						20							90
Range of exercise prices for options	NA	-	NA	$	32.85	-	$	32.85	$	27.77	-	$	32.85

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 with remaining maturities of three months or less at the date of purchase. The Company has no restricted cash.

Revenue Recognition -

The Company’s policy follows the guidance from ASC 606, Revenue from Contracts with Customers.

LiveRamp recognizes revenue from the following sources: (i) subscription revenue, which consists primarily of subscription fees from clients accessing our IdentityLink platform; and (ii) marketplace and other revenue, which primarily consists of revenue-sharing fees generated from data transactions through our IdentityLink Data Store platform, and transactional usage-based revenue from arrangements with certain publishers and addressable TV providers. Our IdentityLink platform subscription pricing is tiered based on data volume supported by our platform.

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

A customer contract is primarily identified when the Company and a customer have executed an arrangement or arrangements that set out the terms of the relationship.

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 and revenue-sharing and usage-based arrangements are distinct because, once a customer has access to the platform, the product 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 goods or services to a customer, excluding sales taxes that are collected on behalf of government agencies. The Company estimates any variable consideration to which it will be entitled at contract inception, and reassesses at each reporting date, when determining the transaction price. The Company does not include variable consideration to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized will occur when any uncertainty associated with the variable consideration is resolved.

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

We allocate the transaction price to each distinct performance obligation based on the standalone selling price ("SSP") of each good or 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 goods or services is transferred to customers. Subscription revenue is generally recognized ratably over the subscription period beginning on the date the goods or services are made available to customers. The majority of our subscription revenue is derived from subscriptions that are one year in duration and invoiced on a monthly basis, although some of our clients are entering into multiple-year subscriptions. Marketplace and other revenue is typically transactional in nature, tied to a revenue share or volumes purchased. We report revenue from Data Store and other similar transactions on a net basis

because our performance obligation is to facilitate a transaction between data providers and end users, for which we earn a portion of the gross fee. Consequently, the portion of the gross amount billed to end users that is remitted to data providers is not reflected as revenues.

Disaggregation of Revenue

The Company reports disaggregation of revenue based on primary geographical markets and major service offerings (see Note 2 - Topic 606 Adoption Impact and Revenue from Contracts with Customers).

Accounts Receivable

Accounts receivable includes 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 $2.5 million at March 31, 2019 and $3.1 million at March 31, 2018.

Accounts receivable are presented net of allowance for doubtful accounts. The Company evaluates its allowance for doubtful accounts based on a combination of factors at each reporting date. Each account is evaluated based on specific information known to management regarding each customer’s ability or inability to pay, as well as historical experience for each customer, the length of time the receivable has been outstanding, and current economic conditions in the customer’s industry. Accounts receivable that are determined to be uncollectible are charged against the allowance for doubtful accounts.

A summary of the activity of the allowance for doubtful accounts, returns and credits is as follows (dollars in thousands):


							Bad debts
	Balance at		Additions				written off,
	beginning		charged to				net of		Balance at
	of		costs and		Other		amounts		end of
	period		expenses		changes		recovered		period
2017:
Allowance for doubtful accounts, returns and credits	$	3,282	$	296	$	(30)	$	(1,411)	$	2,137
2018:
Allowance for doubtful accounts, returns and credits	$	2,137	$	1,214	$	123	$	(292)	$	3,182
2019:
Allowance for doubtful accounts, returns and credits	$	3,182	$	3,069	$	(92)	$	(3,152)	$	3,007

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.

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, 5 - 7 years; data processing equipment, 2 - 5 years, and office furniture and other equipment, 3 - 7 years.

Operating Leases -

The Company records rent expense for operating leases, some of which have escalating rent payments, on a straight-line basis over the term of the lease agreement. The Company begins recognition of rent expense on the date of initial possession, which is generally when the Company enters the leased premises and begins to make improvements in preparation for its intended use. Some of the Company's lease arrangements provide for

concessions by the landlords, including payments for leasehold improvements and rent-free periods. The Company accounts for the difference between the straight-line rent expense and rent paid as deferred rent. Refer to the discussion below in Recent Accounting Pronouncements regarding the Company's adoption of ASU No. 2016-02, "Leases", in fiscal 2020.

Software and Research and Development Costs –

Costs of internally developed software are capitalized in accordance with ASC 350-40, Internal Use Software.

The standard generally requires that research and development costs incurred prior to the beginning of the application development stage of software products are charged to operations as such costs are incurred. Once the application development stage has begun, costs are capitalized until the software is available for general release. Costs of internally developed computer software are amortized on a straight-line basis over the remaining estimated economic life of the software product, generally two to five years (see Note 9 – Software).

Capitalized software is reviewed when facts and circumstances indicate the carrying amount may not be recoverable and, if necessary, the Company reduces the carrying value of each product to its fair value. We did not recognize any impairment charges related to capitalized software in fiscal 2019, 2018 or 2017.

Business Combinations –

We apply the provisions of ASC 805, Business Combinations, in accounting for acquisitions. It requires us to recognize separately from goodwill the assets acquired and the liabilities assumed at the acquisition date fair values. Goodwill as of the acquisition date is measured as the excess 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 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 and Intangible Assets -

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 indicators of impairment exist. In performing our goodwill impairment test, we first evaluate goodwill to determine if it is more likely than not that the occurrence of an event or change in circumstances has reduced the fair value of a reporting segment below its carrying value. The qualitative assessment requires that we consider events or circumstances that may include macroeconomic conditions, industry and market considerations, cost factors, overall financial performance, changes in management or key personnel, changes in strategy, changes in customers, and changes in our stock price. If, after assessing the totality of events or circumstances, we determine that it is more likely than not that the fair value of our reporting segments is greater than the carrying amounts, then the two-step goodwill impairment test is not performed.

If the qualitative assessment indicates that the two-step quantitative analysis should be performed, we evaluate goodwill for impairment by comparing the fair value of each of our reporting segments to its carrying value, including the associated goodwill. To determine the fair values, we use the equal weighting of the market approach based on comparable publicly traded companies in similar lines of businesses and the income approach based on estimated discounted future cash flows. Our cash flow assumptions consider forecasted revenue, operating costs and other relevant factors.

We completed our annual impairment test during the first quarter of fiscal 2019. We determined, after performing a qualitative review of each reporting unit, that it is more likely than not that the fair value of each of our reporting segments exceeds the respective carrying amounts. Accordingly, there was no indication of impairment, and the two-step quantitative goodwill impairment test was not performed. We did not recognize any goodwill impairment charges in fiscal 2019, 2018 or 2017.

As a result of the organizational realignment and subsequent sale of AMS, we now operate as one operating segment and as a result, evaluate goodwill impairment based on our fair value as a whole. Operating segments are defined as components of an enterprise for which separate financial information is evaluated regularly by the chief operating decision maker. While we have offerings in multiple market segments, our chief operating decision maker evaluates our financial information and resources and assesses the performance of these resources on a consolidated basis.

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 2019, 2018, or 2017.

During fiscal 2019, our intangible assets were amortized over their estimated useful lives ranging from four 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						4
Customer relationships						6
Publisher relationships						6

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. We did not recognize any impairment charges related to long-lived assets in fiscal 2019, 2018, or 2017.

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 17 - 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 maintains deposits in federally insured financial institutions more than federally insured limits. Management, however, 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, 2019 and 2018 there were no customers that represented more than 10% of the trade accounts receivable balance. There were no customers that individually exceeded 10% of the Company's revenue in any of the fiscal years presented.

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 -

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 in the consolidated statements of stockholders’ equity and comprehensive income.

Advertising Expense -

Advertising costs are expensed as incurred. Advertising expense was approximately $8.2 million, $8.3 million and $6.2 million for the fiscal years ended March 31, 2019, 2018 and 2017, respectively. Advertising expense is included in operating expenses in the consolidated statements of operations.

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 12 - Commitments and Contingencies provides additional information regarding certain of our legal contingencies.

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 (“compensation committee”) of the board of directors under which options and restricted stock units were outstanding as of March 31, 2019.

The Company’s equity compensation plan provides that all associates (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 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 –

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, which will impact net earnings in the period any adjustment is recorded.

Adoption of New Accounting Standards –

In May 2017, the FASB issued ASU 2017-09, "Compensation-Stock Compensation (Topic 719): Scope of Modification Accounting" ("ASU 2017-09"). ASU 2017-09 clarifies when changes to the terms or conditions of a stock-based payment award must be accounted for as modifications. ASU 2017-09 will reduce diversity in practice

and result in fewer changes to the terms of an award being accounted for as modifications. Under ASU 2017-09, an entity will not apply modification accounting to a stock-based payment award if the award's fair value, vesting conditions and classification as an equity or liability instrument are the same immediately before and after the change. ASU 2017-09 will be applied prospectively to awards modified on or after the adoption date. The guidance is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. ASU 2017-09 is effective for the Company beginning in fiscal 2019. We adopted the standard in the current fiscal year, and adoption of this guidance did not have a material impact on our consolidated financial statements and related disclosures.

In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) and issued subsequent amendments to the initial guidance in August 2015, March 2016, April 2016, May 2016 and December 2016 within ASU 2015-14, ASU 2016-08, ASU 2016-10, ASU 2016-12 and ASU 2016-20, respectively. Topic 606 supersedes nearly all existing revenue recognition guidance under U.S. GAAP. The core principle of the new guidance is to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. We adopted Topic 606 as of April 1, 2018 using the modified retrospective method. See Note 2 - Topic 606 Adoption Impact and Revenue from Contracts with Customers for further details.

Recent Accounting Pronouncements Not Yet Adopted –

In January 2017, the FASB issued ASU 2017-04, "Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment" ("ASU 2017-04"), which eliminates step two from the goodwill impairment test. Under current guidance, step two of the goodwill impairment test requires entities to calculate the implied value of goodwill in the same manner as the amount of goodwill recognized in a business combination by assigning the fair value of a reporting unit to all of the assets and liabilities of the reporting unit. The carrying value in excess of the implied fair value is recognized as goodwill impairment. Under ASU 2017-04, goodwill impairment is recognized based on step one of the current guidance, which calculates the carrying value in excess of the reporting unit's fair value. ASU 2017-04 is effective for annual periods beginning after December 15, 2019 (fiscal 2021 for the Company), including interim periods within those fiscal years; earlier adoption is permitted for goodwill impairment tests performed on testing dates after January 1, 2017. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements and related disclosures.

In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842)" ("ASU 2016-02"), as a comprehensive new standard that amends various aspects of existing guidance for leases and requires additional disclosures about leasing arrangements. The new standard will require lessees to recognize a right-of-use asset and a lease liability on the balance sheet for all leases except short-term leases. For lessees, leases will continue to be classified as either operating or financing in the income statement. Lessor accounting is similar to the current model but updated to align with certain changes to the lessee model. Lessors will continue to classify leases as operating, direct financing or sales-type leases. Subsequently, the FASB has issued various ASU's to provide further clarification around aspects of Topic 842, including an alternative method that permits application of the new guidance at the beginning of adoption, recognizing a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption, in addition to the method of applying the new guidance retrospectively to each prior reporting period presented. ASU 2016-02 is effective for annual periods beginning after December 15, 2018 (fiscal 2020 for the Company), including interim periods within those fiscal years, with early adoption permitted. We will adopt the new standard on April 1, 2019 using the modified retrospective approach. Although the Company is in the process of evaluating the impact of this guidance on its consolidated financial statements, the Company currently believes the most significant change will be that most of its operating lease commitments will be recognized as right-of-use assets and lease liabilities of approximately $25.0 to $30.0 million on the Company's consolidated balance sheets upon adoption of this new guidance. The new guidance is not expected to have a material impact to the company's consolidated statements of operations.

The Company does not anticipate that the adoption of any other recent accounting pronouncements will have a material impact on the Company's consolidated financial position, results of operations or cash flows.

GOODWILL AND INTANGIBLE ASSETS: (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Goodwill
Goodwill at the beginning of year	$ 203,639	$ 200,393
Acquisition		3,260
Purchase accounting adjustments		(21)
Change in foreign currency translation adjustment	(360)	7
Reallocation from AMS	1,377
Goodwill at the end of year	$ 204,656	203,639
Accumulated impairment losses		$ 120,100
Minimum
Goodwill
Amortization period	4 years
Maximum
Goodwill
Amortization period	6 years
U.S. reporting unit
Goodwill
Goodwill at the end of year	$ 201,449
APAC
Goodwill
Goodwill at the end of year	$ 3,207

STOCKHOLDERS' EQUITY: Future expense, by award type (Details) $ in Thousands	Mar. 31, 2019 USD ($)
Share-based compensation
Future expense for performance stock option units	$ 144,500
2020
Share-based compensation
Future expense for performance stock option units	61,300
2021
Share-based compensation
Future expense for performance stock option units	44,600
2022
Share-based compensation
Future expense for performance stock option units	32,500
2023
Share-based compensation
Future expense for performance stock option units	6,100
Stock options
Share-based compensation
Future share-based compensation expense	2,700
Stock options \| 2020
Share-based compensation
Future share-based compensation expense	2,200
Stock options \| 2021
Share-based compensation
Future share-based compensation expense	500
Stock options \| 2022
Share-based compensation
Future share-based compensation expense	0
Stock options \| 2023
Share-based compensation
Future share-based compensation expense	0
Restricted stock units
Share-based compensation
Future share-based compensation expense, share-based awards other than options	91,900
Restricted stock units \| 2020
Share-based compensation
Future share-based compensation expense, share-based awards other than options	40,700
Restricted stock units \| 2021
Share-based compensation
Future share-based compensation expense, share-based awards other than options	28,300
Restricted stock units \| 2022
Share-based compensation
Future share-based compensation expense, share-based awards other than options	16,800
Restricted stock units \| 2023
Share-based compensation
Future share-based compensation expense, share-based awards other than options	6,100
Arbor Holdback Agreement \| Arbor
Share-based compensation
Future share-based compensation expense, share-based awards other than options	2,600
Arbor Holdback Agreement \| Arbor \| 2020
Share-based compensation
Future share-based compensation expense, share-based awards other than options	2,600
Arbor Holdback Agreement \| Arbor \| 2021
Share-based compensation
Future share-based compensation expense, share-based awards other than options	0
Arbor Holdback Agreement \| Arbor \| 2022
Share-based compensation
Future share-based compensation expense, share-based awards other than options	0
Arbor Holdback Agreement \| Arbor \| 2023
Share-based compensation
Future share-based compensation expense, share-based awards other than options	0
Pacific Data Partners, LLC Agreement Plan \| Pacific Data Partners LLC
Share-based compensation
Future share-based compensation expense, share-based awards other than options	47,300
Pacific Data Partners, LLC Agreement Plan \| Pacific Data Partners LLC \| 2020
Share-based compensation
Future share-based compensation expense, share-based awards other than options	15,800
Pacific Data Partners, LLC Agreement Plan \| Pacific Data Partners LLC \| 2021
Share-based compensation
Future share-based compensation expense, share-based awards other than options	15,800
Pacific Data Partners, LLC Agreement Plan \| Pacific Data Partners LLC \| 2022
Share-based compensation
Future share-based compensation expense, share-based awards other than options	15,700
Pacific Data Partners, LLC Agreement Plan \| Pacific Data Partners LLC \| 2023
Share-based compensation
Future share-based compensation expense, share-based awards other than options	$ 0

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: - Accounts Receivable (Details) - Allowance for doubtful accounts, returns and credits - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at beginning of period	$ 3,182	$ 2,137	$ 3,282
Additions charged to costs and expenses	3,069	1,214	296
Other changes	(92)	123	(30)
Bad debts written off, net of amounts recovered	(3,152)	(292)	(1,411)
Balance at end of period	$ 3,007	$ 3,182	$ 2,137

GOODWILL AND INTANGIBLE ASSETS:

12 Months Ended

Mar. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS :

GOODWILL AND INTANGIBLE ASSETS:

Goodwill for the years ended March 31, 2019 and 2018 was as follows (dollars in thousands):


	Total






Balance at March 31, 2017	$	200,393
Acquisition of PDP (see Note 4 - Acquisitions)	3,260
Arbor purchase accounting adjustments	(21)
Change in foreign currency translation adjustment	7
Balance at March 31, 2018	$	203,639
Reallocation from AMS	1,377
Change in foreign currency translation adjustment	(360)
Balance at March 31, 2019	$	204,656

Goodwill by geography as of March 31, 2019 was:


	Total
U.S.	$	201,449
APAC	3,207
Balance at March 31, 2019	$	204,656

The amounts allocated to intangible assets from acquisitions include developed technology, customer relationships, trade names, and publisher relationships. Amortization lives for those intangibles range from four years to six years. The following table shows the amortization activity of intangible assets (dollars in thousands):


	2019		2018
Developed technology, gross (Software)	$	54,000	$	54,000
Accumulated amortization	$	(49,625)	(43,383)
Net developed technology	$	4,375	$	10,617

Customer relationship/Trade name, gross (Other assets, net)	$	35,800	$	35,800
Accumulated amortization	$	(26,128)	(20,400)
Net customer/trade name	$	9,672	$	15,400

Publisher relationship, gross (Other assets, net)	$	23,800	$	23,800
Accumulated amortization	$	(9,255)	(5,289)
Net publisher relationship	$	14,545	$	18,511

Total intangible assets, gross	$	113,600	$	113,600
Total accumulated amortization	$	(85,008)	(69,072)
Total intangible assets, net	$	28,592	$	44,528

Total amortization expense related to intangible assets was $15.9 million, $23.9 million, and $18.6 million in fiscal 2019, 2018, and 2017, respectively. As of March 31, 2019, estimated future amortization expenses related to purchased and other intangible assets were as follows (dollars in thousands):


Year ending March 31,
2020	$	11,925
2021	$	8,083
2022	$	5,150
2023	$	3,434

	$	28,592

OTHER CURRENT AND NONCURRENT ASSETS: (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Mar. 31, 2018
Other current assets
Prepaid expenses and other	$ 9,058	$ 6,622
Post-closing receivable from IPG (see Note 5 - Discontinued Operations and Dispositions)	17,625	0
Interest receivable	2,497	0
Assets of non-qualified retirement plan (see Note 7 - Other Accrued Expenses)	14,970	13,551
Other current assets	44,150	20,173
Other noncurrent assets
Acquired intangible assets, net	24,217	33,911
Other miscellaneous noncurrent assets	8,282	3,943
Other assets, net	$ 32,499	$ 37,854

STOCKHOLDERS' EQUITY: - Other Performance (Details) - USD ($) $ / shares in Units, $ in Thousands	2 Months Ended	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2019	Mar. 31, 2018
Share-based Activity - Other disclosures
Stock-based compensation of discontinued operations		$ 62,800	$ 10,300	$ 9,700
Holdback consideration transferred			$ 38,300
Business Acquisition, equity interest issued or issuable, number of shares (in shares)		382,462	578,071	184,214
Non-cash stock-based compensation expense		$ 102,722	$ 52,867	$ 39,408
Other accrued expenses					$ 40,916	$ 39,624
Other Performance Units
Share-based compensation activity
Outstanding at the beginning of the period (in shares)		111,111
Vested (in shares)		(45,364)
Forfeited or cancelled (in shares)		(65,747)
Outstanding at the end of the period (in shares)	111,111	0	111,111
Share-based compensation, Weighted average fair value per share at grant date
Outstanding at the beginning of the period (in dollars per share)		$ 5.33
Vested (in dollars per share)		5.33
Forfeited or cancelled (in dollars per share)		5.33
Outstanding at the end of the period (in dollars per share)	$ 5.33	$ 0	$ 5.33
Weighted-average remaining contractual term
Weighted-average remaining contractual term (in years)		0 years	0 years
Share-based Activity - Other disclosures
Vested (in shares)		45,364
Outstanding (in shares)	111,111	0	111,111		0	111,111
Forfeited or cancelled (in shares)		65,747
Other Performance Units \| Vesting based on relevant performance period at March 31 2017
Share-based Activity - Other disclosures
Share-based compensation arrangement by share-based payment award, non-option equity instruments, percentage reduction in vested shares		59.00%
Time-Vesting Restricted Stock Units
Share-based Activity - Other disclosures
Granted (in shares)		1,187,344
Accelerated compensation costs		$ 54,000
Incremental compensation cost		27,000
Accelerated original grant date fair value compensation cost		$ 27,000
Conversion percentage		200.00%
Restricted stock units \| Vesting Based on Relevant Performance Period at March 31 2019
Share-based compensation activity
Vested (in shares)		(23,142)
Forfeited or cancelled (in shares)		(17,562)
Outstanding at the end of the period (in shares)		46,289
Share-based Activity - Other disclosures
Vesting percentage		53.30%
Vested (in shares)		23,142
Outstanding (in shares)		46,289			46,289
Forfeited or cancelled (in shares)		17,562
Restricted stock units \| Vesting Based On Maturity Of The Relevant Performance Period at March 31 2019
Share-based Activity - Other disclosures
Vesting percentage		0.00%
Restricted stock units \| Performance Stock
Share-based compensation activity
Outstanding at the beginning of the period (in shares)		557,801
Vested (in shares)		(61,330)
Forfeited or cancelled (in shares)		(133,017)
Outstanding at the end of the period (in shares)	557,801	394,188	557,801
Share-based compensation, Weighted average fair value per share at grant date
Outstanding at the beginning of the period (in dollars per share)		$ 25.65
Vested (in dollars per share)		24.22
Forfeited or cancelled (in dollars per share)		25.16
Outstanding at the end of the period (in dollars per share)	$ 25.65	$ 43.88	$ 25.65
Weighted-average remaining contractual term
Weighted-average remaining contractual term (in years)		3 years 2 months 23 days	1 year 8 months 1 day
Share-based Activity - Other disclosures
Granted (in shares)		534,438	389,065
Vested (in shares)		61,330
Outstanding (in shares)	557,801	394,188	557,801		394,188	557,801
Forfeited or cancelled (in shares)		133,017
Vested in period, total fair value		$ 2,200	$ 14,100
Pacific Data Partners LLC
Share-based Activity - Other disclosures
Non-cash stock-based compensation expense	$ 17,800
Other accrued expenses					$ 16,000

INCOME TAXES: - Allocated Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Earnings (loss) from continuing operations	$ (45,409)	$ (65,723)	$ (45,184)
Earnings from discontinued operations	470,346	42,952	49,718
Tax shortfall (excess tax benefits) from share-based compensation	0	0	(2,183)
Total	$ 424,937	$ (22,771)	$ 2,351

- 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.

+ References + Details

STOCKHOLDERS' EQUITY: - Performance Stock Option Unit Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Restricted stock units
Share-based compensation
Share-based compensation expense	$ 67,000	$ 29,100	$ 24,700
Restricted stock units \| Performance Stock
Share-based compensation
Granted (in shares)	534,438	389,065
Aggregate fair value of restricted stock units granted	$ 22,000	$ 10,100
Forfeited or cancelled (in shares)	133,017
Restricted stock units \| Vesting on first anniversary on closing date
Share-based compensation
Granted (in shares)		184,931	212,083
Aggregate fair value of restricted stock units granted		$ 5,100	$ 5,300
Restricted stock units \| Vesting on first anniversary on closing date \| Minimum
Share-based compensation
Performance share awards vested (as a percent)		0.00%	0.00%
Restricted stock units \| Vesting on first anniversary on closing date \| Maximum
Share-based compensation
Performance share awards vested (as a percent)		200.00%	200.00%
Performance stock
Share-based compensation
Share-based compensation expense	$ 0	$ 500	$ 1,400
Number of shares
Outstanding at beginning of the period (in shares)	328,806
Forfeited or cancelled (in shares)	(198,652)
Outstanding at end of the period (in shares)	130,154	328,806
Exercisable at the end of the period (in shares)	0
Weighted-average exercise price per share
Outstanding at the beginning of the period (in dollars per share)	$ 21.38
Forfeited or cancelled (in dollars per share)	21.40
Outstanding at the end of the period (in dollars per share)	21.44	$ 21.38
Exercisable at the end of the period (in dollars per share)	$ 0
Weighted-average remaining contractual term
Outstanding at the end of the period	1 year 1 month 6 days
Aggregate intrinsic value
Outstanding at the end of the period	$ 4,340
Exercisable at the end of the period	$ 0
Performance stock \| Vesting based on relevant performance period at March 31 2017
Share-based compensation
Vesting percentage	0.00%
Number of units reached maturity	130,154

TOPIC 606 ADOPTION IMPACT AND REVENUE FROM CONTRACTS WITH CUSTOMERS: Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Disaggregation of Revenue [Line Items]
Revenues	$ 78,316	$ 80,021	$ 64,812	$ 62,471	$ 60,210	$ 59,121	$ 54,013	$ 46,757	$ 285,620	$ 220,101	$ 174,760
Subscription
Disaggregation of Revenue [Line Items]
Revenues									236,718	172,079	114,531
Marketplace and Other
Disaggregation of Revenue [Line Items]
Revenues									48,902	48,022	39,854
Impact
Disaggregation of Revenue [Line Items]
Revenues									0	0	20,375
United States
Disaggregation of Revenue [Line Items]
Revenues									262,135	197,613	162,231
Europe
Disaggregation of Revenue [Line Items]
Revenues									18,566	18,397	9,298
APAC
Disaggregation of Revenue [Line Items]
Revenues									$ 4,919	$ 4,091	$ 3,231

GOODWILL AND INTANGIBLE ASSETS: - Estimated future amortization expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 15,900	$ 23,900	$ 18,600
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2020	11,925
2021	8,083
2022	5,150
2023	3,434
Total finite-lived intangible assets, net	$ 28,592	$ 44,528

FAIR VALUE OF FINANCIAL INSTRUMENTS:

12 Months Ended

Mar. 31, 2019

Fair Value Disclosures [Abstract]

FAIR VALUE OF FINANCIAL INSTRUMENTS:

17. FAIR VALUE OF FINANCIAL INSTRUMENTS:

The following methods and assumptions were used to estimate the fair value of each class of financial instruments for which it is practicable to estimate that value.

Cash and cash equivalents, trade accounts receivables, short-term borrowings and trade accounts payables - The carrying amount approximates fair value because of the short maturity of these instruments.

Long-term debt - The interest rate on the revolving credit agreement is adjusted for changes in market rates and therefore the carrying value approximates fair value. The estimated fair value of other long-term debt was determined based upon the present value of the expected cash flows considering expected maturities and using interest rates currently available to the Company for long-term borrowings with similar terms. At March 31, 2018, the estimated fair value of long-term debt approximated its carrying value.

Under applicable accounting standards financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurements. The Company assigned assets and liabilities to the hierarchy in the accounting standards, which is Level 1 - quoted prices in active markets for identical assets or liabilities, Level 2 - significant other observable inputs and Level 3 - significant unobservable inputs.

The following table presents the balances of assets measured at fair value as of March 31, 2019 and 2018 (dollars in thousands):


As of March 31, 2019	Level 1		Level 2		Level 3		Total
Assets:
Other current assets	$	14,970	$	—	$	—	$	14,970
Total assets	$	14,970	$	—	$	—	$	14,970

As of March 31, 2018	Level 1		Level 2		Level 3		Total
Assets:
Other current assets	$	13,551	$	—	$	—	$	13,551
Total assets	$	13,551	$	—	$	—	$	13,551

- 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

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: - Impairment, Advertising Expenses: (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Accounts Receivable
Unbilled amounts included in accounts receivable	$ 2.5	$ 3.1
Advertising Expense
Advertising expense	$ 8.2	$ 8.3	$ 6.2
Minimum
Internally developed software
Amortization period	4 years
Minimum \| Leasehold improvements
Property and equipment and software
Estimated useful lives	5 years
Minimum \| Data processing equipment
Property and equipment and software
Estimated useful lives	2 years
Minimum \| Office furniture and other equipment
Property and equipment and software
Estimated useful lives	3 years
Minimum \| Developed technology (Software, net)
Internally developed software
Amortization period	2 years
Maximum
Internally developed software
Amortization period	6 years
Maximum \| Leasehold improvements
Property and equipment and software
Estimated useful lives	7 years
Maximum \| Data processing equipment
Property and equipment and software
Estimated useful lives	5 years
Maximum \| Office furniture and other equipment
Property and equipment and software
Estimated useful lives	7 years
Maximum \| Developed technology (Software, net)
Internally developed software
Amortization period	5 years

OTHER ACCRUED EXPENSES: (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Mar. 31, 2018
Other Accrued Expenses [Abstract].
Liabilities of non-qualified retirement plan (see Note 6 - Other Current and Noncurrent Assets)	$ 14,970	$ 13,551
Other accrued expenses	25,946	26,073
Other accrued expenses	$ 40,916	$ 39,624

FOREIGN OPERATIONS:

12 Months Ended

Mar. 31, 2019

Segments, Geographical Areas [Abstract]

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 for fiscal 2019, 2018 and 2017 (dollars in thousands):


Revenue	2019		2018		2017
United States	$	262,135	$	197,613	$	162,231
Foreign
Europe	$	18,566	$	18,397	$	9,298
APAC	4,919		4,091		3,231

All Foreign	$	23,485	$	22,488	$	12,529
	$	285,620	$	220,101	$	174,760

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


	March 31,
	2019		2018
United States	$	276,189	$	824,673
Foreign
Europe	$	757	$	8,990
APAC	3,889		15,245
All Foreign	$	4,646	$	24,235
	$	280,835	$	848,908

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: - Cumulative effect of the changes from Adoption of ASC 842 (Details) - Accounting Standards Update 2016-02 $ in Millions	Apr. 01, 2019 USD ($)
Minimum
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Operating lease, right-of-use asset	$ 25.0
Operating lease liabilities	25.0
Maximum
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Operating lease, right-of-use asset	30.0
Operating lease liabilities	$ 30.0

RESTRUCTURING, IMPAIRMENT AND OTHER CHARGES: (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Restructuring activity
Restructuring charges and adjustments	$ 7,745	$ 2,746	$ 3,040
Ending restructuring reserve	5,700
Continuing Operations
Restructuring activity
Beginning restructuring reserve	5,830	4,630	4,152
Restructuring charges and adjustments	7,745	2,746	3,040
Payments	(3,292)	(1,546)	(2,562)
Ending restructuring reserve	10,283	5,830	4,630
Continuing Operations \| Severance and Other Associate-Related
Restructuring activity
Beginning restructuring reserve	542	322	664
Restructuring charges and adjustments	6,163	182	33
Payments	(2,110)	38	(375)
Ending restructuring reserve	4,595	542	322
Continuing Operations \| Lease Accruals
Restructuring activity
Beginning restructuring reserve	5,288	4,308	3,488
Restructuring charges and adjustments	1,582	2,564	3,007
Payments	(1,182)	(1,584)	(2,187)
Ending restructuring reserve	$ 5,688	$ 5,288	$ 4,308

INCOME TAXES: - Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Balance at beginning of period	$ 15,415	$ 12,870	$ 10,906
Increases related to prior year tax positions	325	1,134	307
Decreases related to prior year tax positions	(292)	(208)	(466)
Increases related to current year tax positions	5,483	3,172	2,123
Lapse of statute of limitations	(1,331)	(1,553)	0
Balance at end of period	$ 19,600	$ 15,415	$ 12,870

RESTRUCTURING, IMPAIRMENT AND OTHER CHARGES: - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments	$ 7,745	$ 2,746	$ 3,040
Restructuring reserve	5,700
Gains Losses And Other Items Net
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments	7,700	2,700	3,000
Fiscal 2015 \| Gains Losses And Other Items Net
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments				$ 9,300
Severance and Other Associate-Related \| Gains Losses And Other Items Net
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments		200
Severance and Other Associate-Related \| Fiscal 2019
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments	6,100
Restructuring reserve	4,300
Severance and Other Associate-Related \| Fiscal 2015
Restructuring Cost and Reserve [Line Items]
Restructuring reserve				300
Severance and Other Associate-Related \| Fiscal 2015 \| Gains Losses And Other Items Net
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments				2,600
Leasehold Improvement Write Offs \| Gains Losses And Other Items Net
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments	800
Leasehold Improvement Write Offs \| Fiscal 2015 \| Gains Losses And Other Items Net
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments				2,000
Lease Accruals And Adjustments \| Gains Losses And Other Items Net
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments	$ 800	$ 2,500	3,000
Lease Accruals \| Gains Losses And Other Items Net
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments				$ 4,700
Leased Office Facilities \| Gains Losses And Other Items Net
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments			1,500
Adjustments To Estimates Related To Lease Accruals \| Gains Losses And Other Items Net
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments			$ 1,500

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: - Share-based Compensation (Details)	12 Months Ended
	Mar. 31, 2019
Incentive stock option \| Minimum
Share-based compensation plans
Exercise price as a percentage of the per-share market value of the Company's shares at the date of grant	100.00%
Incentive stock option \| Maximum
Share-based compensation plans
Duration of stock options granted	10 years
Nonqualified options \| Maximum
Share-based compensation plans
Duration of stock options granted	10 years

DISCONTINUED OPERATIONS AND DISPOSITIONS: - The related cash inflows and outflows and revenues and expenses (Details) $ in Thousands	12 Months Ended
	Mar. 31, 2019 USD ($)
Discontinued Operations and Disposal Groups [Abstract]
Cash inflows	$ 19,711
Cash outflows	860
Revenues	23,852
Expenses	$ 7,198

PROPERTY AND EQUIPMENT: (Details) - USD ($) $ in Thousands	12 Months Ended
PROPERTY AND EQUIPMENT: (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Property and Equipment
Property and equipment, gross	$ 64,852	$ 62,353
Less accumulated depreciation and amortization	38,809	30,013
Property and equipment, net	26,043	32,340
Depreciation expense on property and equipment	15,600	11,800	$ 11,200
Accelerated depreciation	3,800
Leasehold improvements
Property and Equipment
Property and equipment, gross	20,097	15,635
Data processing equipment
Property and Equipment
Property and equipment, gross	37,678	39,938
Office furniture and other equipment
Property and Equipment
Property and equipment, gross	$ 7,077	$ 6,780

LONG-TERM DEBT:

12 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

LONG-TERM DEBT:

Long-term debt consists of the following (dollars in thousands):


	March 31,
	2018
Revolving credit borrowings	$	230,000
Other debt	3,293
Total long-term debt	233,293
Less current installments	1,583
Less deferred debt financing costs	3,873
Long-term debt, excluding current installments and deferred debt financing costs	$	227,837

At the closing of the AMS transaction, the Company applied $230.5 million of proceeds from the sale to repay all outstanding Company debt and related interest.

STOCKHOLDERS' EQUITY: - RSU Activity (Details) - Restricted stock units - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Accelerated Time-Vesting Restricted Stock Units
Non-vested restricted stock unit activity
Forfeited or cancelled (in shares)	(500,000)
Restricted Stock Unit Activity - Other disclosures
Forfeited or cancelled (in shares)	500,000
Compensation cost	$ 19,800
Incremental compensation cost	14,300
Grant date fair value, compensation cost	$ 5,500
Time-vesting
Non-vested restricted stock unit activity
Outstanding at the beginning of the period (in shares)	2,517,488
Granted (in shares)	1,939,746	1,386,448	1,716,357
Vested (in shares)	(2,014,518)
Forfeited or cancelled (in shares)	(395,726)
PSUs converted to RSUs in conjunction with AMS disposition (in shares)	1,007,760
Outstanding at the end of the period (in shares)	3,054,750	2,517,488
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)	$ 24.73
Granted (in dollars per share)	35.85
Vested (in dollars per share)	24.04
Forfeited or cancelled (in dollars per share)	26.09
PSUs converted to RSUs in conjunction with AMS disposition (in dollars per share)	21.21
Outstanding at the end of the period (in dollars per share)	$ 30.91	$ 24.73
Weighted-average remaining contractual term
Weighted-average remaining contractual term (in years)	2 years 5 months 19 days	2 years 4 months 17 days
Restricted Stock Unit Activity - Other disclosures
Forfeited or cancelled (in shares)	395,726
Grants in period, total fair value	$ 69,500	$ 36,200	$ 42,200
Award vesting period	4 years	4 years
Total fair value of units vested	$ 93,100	$ 24,100	$ 17,000
Time-vesting \| Arbor and Circulate
Non-vested restricted stock unit activity
Granted (in shares)			768,710
Restricted Stock Unit Activity - Other disclosures
Aggregate fair value of restricted stock units granted			$ 20,400
Time Based Partial Cliff Vesting Tranche One
Non-vested restricted stock unit activity
Granted (in shares)	83,302	16,130	12,219
Restricted Stock Unit Activity - Other disclosures
Award vesting period	1 year	1 year	1 year
Time Based Vesting Over Four Year
Non-vested restricted stock unit activity
Granted (in shares)	1,856,444	1,089,379	898,646
Restricted Stock Unit Activity - Other disclosures
Award vesting period			4 years
Time Based Vesting Over Three Years
Non-vested restricted stock unit activity
Granted (in shares)		106,571	398,079
Restricted Stock Unit Activity - Other disclosures
Award vesting period		3 years	3 years
Time Based Vesting Over Two Years
Non-vested restricted stock unit activity
Granted (in shares)		174,368	407,413
Restricted Stock Unit Activity - Other disclosures
Award vesting period		2 years	2 years
Vesting on first anniversary on closing date
Non-vested restricted stock unit activity
Granted (in shares)		184,931	212,083
Vested (in shares)	(61,330)	(580,133)	0
Restricted Stock Unit Activity - Other disclosures
Aggregate fair value of restricted stock units granted		$ 5,100	$ 5,300
Aggregate fair value of restricted stock units grants after modification			$ 5,100

Label	Element	Value
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 2,626,000
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	12,727,000
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	2,242,000
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	12,727,000
Additional Paid-in Capital [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	384,000
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 0

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: - Weighted Average Useful Life (Details)	12 Months Ended
	Mar. 31, 2019
Developed technology
Finite-Lived Intangible Assets [Line Items]
Weighted average useful life (years)	4 years
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Weighted average useful life (years)	6 years
Publisher relationships
Finite-Lived Intangible Assets [Line Items]
Weighted average useful life (years)	6 years

STOCKHOLDERS' EQUITY: - AOCI (Details) - USD ($) $ in Millions	Mar. 31, 2019	Mar. 31, 2018
Equity [Abstract]
Foreign currency translation	$ 7.8	$ 10.8

INCOME TAXES: - Reconciliation of deferred tax assets/liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Mar. 31, 2018
Deferred tax assets:
Accrued expenses	$ 3,332	$ 5,737
Deferred revenue	19	437
Net operating loss carryforwards	13,638	40,783
Stock-based compensation	10,770	10,884
Nonqualified deferred compensation	3,147	3,217
Capital loss carryforward	0	2,099
Tax credit carryforwards	0	13,427
Other	3,102	185
Total deferred tax assets	34,008	76,769
Less valuation allowance	(18,947)	(38,321)
Net deferred tax assets	15,061	38,448
Deferred tax liabilities:
Prepaid expenses	(1,222)	(4,111)
Capitalized software costs	(636)	(7,343)
Property and equipment	(440)	(6,304)
Intangible assets	(5,631)	(42,402)
Deferred commissions	(2,586)	0
Accrued expenses	(4,550)	(7,828)
Total deferred tax liabilities	(15,065)	(67,988)
Net deferred tax liabilities	$ (4)	$ (29,540)

OTHER CURRENT AND NONCURRENT ASSETS:

12 Months Ended

Mar. 31, 2019

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

OTHER CURRENT AND NONCURRENT ASSETS:

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


	March 31,		March 31,
	2019		2018
Prepaid expenses and other	$	9,058	$	6,622
Post-closing receivable from IPG (see Note 5 - Discontinued Operations and Dispositions)	17,625		—
Interest receivable	2,497		—
Assets of non-qualified retirement plan (see Note 7 - Other Accrued Expenses)	14,970		13,551
Other current assets	$	44,150	$	20,173

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


	March 31,		March 31,
	2019		2018
Acquired intangible assets, net	$	24,217	$	33,911
Other miscellaneous noncurrent assets	8,282		3,943
Other assets, net	$	32,499	$	37,854

STOCKHOLDERS' EQUITY: - Summary of Options (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Stock options outstanding and exercisable by exercise price range
Options outstanding (in shares)	1,374,430
Options outstanding - Weighted-average remaining contractual life	4 years 6 months
Options outstanding - Weighted-average exercise price per share (in dollars per share)	$ 14.81
Options exercisable (in shares)	1,213,177
Options exercisable - Weighted-average exercise price per share (in dollars per share)	$ 15.67
Stock options
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Share-based compensation expense	$ 3.3	$ 5.0	$ 6.9
Range of exercise price per share from $0.61 to $9.99
Stock options outstanding and exercisable by exercise price range
Exercise price per share, low end of range (in dollars per share)	$ 0.61
Exercise price per share, high end of range (in dollars per share)	$ 9.99
Options outstanding (in shares)	214,347
Options outstanding - Weighted-average remaining contractual life	5 years 6 months
Options outstanding - Weighted-average exercise price per share (in dollars per share)	$ 1.52
Options exercisable (in shares)	122,502
Options exercisable - Weighted-average exercise price per share (in dollars per share)	$ 1.59
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)	709,672
Options outstanding - Weighted-average remaining contractual life	3 years 7 months 6 days
Options outstanding - Weighted-average exercise price per share (in dollars per share)	$ 14.69
Options exercisable (in shares)	640,264
Options exercisable - Weighted-average exercise price per share (in dollars per share)	$ 14.39
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)	450,411
Options outstanding - Weighted-average remaining contractual life	5 years 6 months
Options outstanding - Weighted-average exercise price per share (in dollars per share)	$ 21.32
Options exercisable (in shares)	450,411
Options exercisable - Weighted-average exercise price per share (in dollars per share)	$ 21.32

INCOME TAXES:

12 Months Ended

Mar. 31, 2019

Income Tax Disclosure [Abstract]

INCOME TAXES:

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


	2019		2018		2017
Continuing operations	$	(45,409)	$	(65,723)	$	(45,184)
Discontinued operations	470,346		42,952		49,718
Stockholders’ equity:
Excess tax benefits from stock-based compensation	—		—		(2,183)
	$	424,937	$	(22,771)	$	2,351

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


	2019		2018		2017
Current:
U.S. Federal	$	(39,534)	$	(33,626)	$	(33,289)
Non-U.S.	323		115		188
State	(16,092)		(4,414)		(976)
	(55,303)		(37,925)		(34,077)
Deferred:
U.S. Federal	1,245		(26,884)		(8,934)
Non-U.S.	149		21		(3)
State	8,500		(935)		(2,170)
	9,894		(27,798)		(11,107)
Total	$	(45,409)	$	(65,723)	$	(45,184)

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


	2019		2018		2017
U.S.	$	(174,867)	$	(132,552)	$	(128,646)
Non-U.S.	(4,489)		(470)		(2,114)
Total	$	(179,356)	$	(133,022)	$	(130,760)

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

Below is a reconciliation of expected income tax benefit computed by applying the U.S. federal statutory rate of 21.0% for fiscal 2019, the blended U.S. federal statutory rate of 31.5% for fiscal 2018, and the U.S. federal statutory rate of 35.0% for fiscal 2017, respectively, to loss before income taxes to actual income tax benefit from continuing operations (dollars in thousands):


	2019		2018		2017
Computed expected income tax (benefit)	$	(37,665)	$	(41,967)	$	(45,766)
Increase (reduction) in income taxes resulting from:
State income taxes, net of federal benefit	(5,998)		(3,329)		(2,045)
Research and other tax credits	(3,141)		(1,229)		(1,174)
Effect of federal rate change on deferred taxes	—		(24,565)		—
Nondeductible expenses	426		431		418

Stock-based compensation	(5,350)		4,452		2,150
Non-U.S. subsidiaries taxed at other rates	1,343		332		714
Adjustment to valuation allowances	5,204		—		—


Other, net	(228)		152		519
	$	(45,409)	$	(65,723)	$	(45,184)

On December 22, 2017, the U.S. enacted significant tax law changes following the passage of H.R.1, “An Act to Provide for Reconciliation Pursuant to Titles II and V of the Concurrent Resolution on the Budget for Fiscal Year 2018” (the “Tax Act”) (previously known as “The Tax Cuts and Jobs Act”). The Tax Act included significant changes to existing tax law, including a permanent reduction to the U.S. federal corporate income tax rate from 35% to 21%, a one-time repatriation tax on deferred foreign income, and numerous other changes to business-related deductions.

The permanent reduction to the U.S. federal corporate income tax rate from 35% to 21% became effective January 1, 2018 (the “Effective Date”). Because the Effective Date did not fall on the first day of our fiscal year ended March 31, 2018, we are required to apply a blended tax rate for the entire fiscal year based on a weighted daily average

rate. As a result of the Tax Act, our U.S. federal statutory corporate income tax rate is 21% for the fiscal year ended March 31, 2019 and 31.5% for the fiscal year ended March 31, 2018.

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities at March 31, 2019 and 2018 are presented below (dollars in thousands).


	2019		2018
Deferred tax assets:
Accrued expenses	$	3,332	$	5,737
Deferred revenue	19		437
Net operating loss carryforwards	13,638		40,783
Stock-based compensation	10,770		10,884
Nonqualified deferred compensation	3,147		3,217
Capital loss carryforward	—		2,099
Tax credit carryforwards	—		13,427
Other	3,102		185
Total deferred tax assets	34,008		76,769
Less valuation allowance	(18,947)		(38,321)
Net deferred tax assets	15,061		38,448
Deferred tax liabilities:
Prepaid expenses	$	(1,222)	$	(4,111)
Capitalized software costs	(636)		(7,343)
Property and equipment	(440)		(6,304)
Intangible assets	(5,631)		(42,402)
Deferred commissions	(2,586)		—
Accrued expenses	(4,550)		(7,828)
Total deferred tax liabilities	(15,065)		(67,988)
Net deferred tax liabilities	$	(4)	$	(29,540)

At March 31, 2019, the Company has net operating loss carryforwards of approximately $8.3 million and $22.6 million for U.S. federal and state income tax purposes, respectively. The net operating loss carryforwards will expire in various amounts and will completely expire if not used by 2039. The Company has foreign net operating loss carryforwards of approximately $37.4 million. Of this amount, $33.9 million do not have expiration dates. The remainder expires in various amounts and will completely expire if not used by 2024.

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 net operating loss carryforwards.

Based upon the weight of available evidence, including the Company's disposal of the AMS business and 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 the deductible temporary differences and net operating loss carryforwards. Accordingly, the Company has established valuation allowances against its deferred tax assets.

The following table sets forth changes in the total gross unrecognized tax benefits for the fiscal years ended March 31, 2019, 2018 and 2017 (dollars in thousands):


	2019		2018		2017
Balance at beginning of period	$	15,415	$	12,870	$	10,906
Increases related to prior year tax positions	325		1,134		307
Decreases related to prior year tax positions	(292)		(208)		(466)
Increases related to current year tax positions	5,483		3,172		2,123

Lapse of statute of limitations	(1,331)		(1,553)		—
Balance at end of period	$	19,600	$	15,415	$	12,870

Gross unrecognized tax benefits as of March 31, 2019 was $19.6 million, which 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 $0.4 million as of March 31, 2019. There was no material change in accrued interest and penalties during fiscal 2019. The Company anticipates a reduction of $0.8 million of unrecognized tax benefits within the next 12 months, as a result of a lapse of the statute of limitations.

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 2017 is currently under examination by the Internal Revenue Service. The status of U.S. federal, state and foreign tax examinations varies by jurisdiction. The Company does not anticipate any material adjustments to its financial statements resulting from tax examinations currently in progress.

INCOME TAXES: - Income tax expense (benefit) attributable to earnings (loss) from continuing operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Current:
U.S. Federal	$ (39,534)	$ (33,626)	$ (33,289)
Non-U.S.	323	115	188
State	(16,092)	(4,414)	(976)
Current Income Tax Expense (Benefit)	(55,303)	(37,925)	(34,077)
Deferred:
U.S. Federal	1,245	(26,884)	(8,934)
Non-U.S.	149	21	(3)
State	8,500	(935)	(2,170)
Total deferred income taxes	9,894	(27,798)	(11,107)
Total income tax expense (benefit)	$ (45,409)	$ (65,723)	$ (45,184)

OTHER ACCRUED EXPENSES:

12 Months Ended

Mar. 31, 2019

Other Accrued Expenses [Abstract].

OTHER ACCRUED EXPENSES

OTHER ACCRUED EXPENSES:

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


	March 31,		March 31,
	2019		2018

Liabilities of non-qualified retirement plan (see Note 6 - Other Current and Noncurrent Assets)	$	14,970	$	13,551
Other accrued expenses	25,946		26,073
Other accrued expenses	$	40,916	$	39,624

STOCKHOLDERS' EQUITY: - Narrative (Details) - USD ($)		12 Months Ended			91 Months Ended
STOCKHOLDERS' EQUITY: - Narrative (Details) - USD ($)	Oct. 25, 2018	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2019	Oct. 24, 2019
Authorized shares and par value disclosure
Common stock, authorized shares		200,000,000	200,000,000		200,000,000
Common stock, par value (in dollars per share)		$ 0.10	$ 0.1		$ 0.10
Preferred stock, authorized shares		1,000,000			1,000,000
Preferred stock, par value (in dollars per share)		$ 1.00			$ 1.00
Stockholders' Equity
Number of shares repurchased					22,600,000
Repurchase of treasury stock		$ 74,421,000	$ 88,884,000	$ 30,542,000	$ 449,100,000
Remaining capacity under the stock repurchase program		$ 550,900,000			$ 550,900,000
Treasury stock, shares		73,200,000	58,300,000		73,200,000
Acquisition of treasury stock from tender offer		$ 503,393,000	$ 0	$ 0
Shares which remained available for future grants (in shares)		12,100,000			12,100,000
Total shares reserved for issuance since inception of the stock option and equity compensation plans (in shares)		42,300,000			42,300,000
Amended Common Stock Repurchase Plan
Stockholders' Equity
Maximum amount of common stock that may be repurchased	$ 1,000,000,000.0					$ 500,000,000
Number of shares repurchased		2,400,000	3,300,000
Repurchase of treasury stock		$ 74,400,000	$ 88,900,000
Common Stock Repurchase Plan
Stockholders' Equity
Number of shares repurchased				1,300,000
Repurchase of treasury stock				$ 30,500,000
Dutch Auction Tender Offer
Stockholders' Equity
Maximum amount of common stock that may be repurchased	$ 500,000,000
Repurchase of common stock, percentage	2.00%	14.20%
Treasury stock, shares	11,200,000
Treasury stock acquired, average cost per share (in dollars per share)	$ 44.50
Acquisition of treasury stock from tender offer	$ 503,400,000
Amended And Restated 2005 Equity Compensation Plan
Stockholders' Equity
Shares which remained available for future grants (in shares)		37,900,000	32,900,000		37,900,000
Total shares reserved for issuance since inception of the stock option and equity compensation plans (in shares)		34,500,000			34,500,000

TOPIC 606 ADOPTION IMPACT AND REVENUE FROM CONTRACTS WITH CUSTOMERS: Transaction Price Allocated to the Remaining Performance Obligations (Details) $ in Millions	Mar. 31, 2019 USD ($)
Revenue from Contract with Customer [Abstract]
Revenue, remaining performance obligation	$ 345.0
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period	5 years

STOCKHOLDERS' EQUITY: (Tables)

12 Months Ended

Mar. 31, 2019

Schedule of stock-based compensation activity, by award type

The Company's stock-based compensation activity for the fiscal years ended March 31, 2019, 2018 and 2017, by award type, was (dollars in millions):


	2019		2018		2017
Stock options	$	3.3	$	5.0	$	6.9
Performance stock options	—		0.5		1.4
Restricted stock units	67.0		29.1		24.7
Arbor acquisition consideration holdback	15.3		15.3		5.1
PDP assumed performance plan	15.8		2.0		—
Other non-employee stock-based compensation	1.3		1.0		1.3
Total non-cash stock-based compensation included in the consolidated statements of operations	102.7		52.9		39.4
Less expense related to liability-based equity awards	(14.2)		(1.7)		—
Stock-based compensation of discontinued operations	62.8		10.3		9.7
Total non-cash stock-based compensation included in the consolidated statements of equity	$	151.3	$	61.5	$	49.1

Schedule of Share Based Compensation Arrangement By Share Based Payment Award, Future Expense, By Award Type

Future expense for all of the Company's outstanding equity awards at March 31, 2019, by award type, is expected to be (dollars in millions):


	During the year ended:
	2020		2021		2022		2023		Total
Stock options	$	2.2	$	0.5	$	—	$	—	$	2.7
Restricted stock units	40.7		28.3		16.8		6.1		91.9
Arbor acquisition consideration holdback	2.6		—		—		—		2.6
PDP assumed performance plan	15.8		15.8		15.7		—		47.3
	$	61.3	$	44.6	$	32.5	$	6.1	$	144.5

Summary of stock option activity

Stock option activity during the year ended March 31, 2019 was:


				Weighted-average
		Weighted-average		remaining	Aggregate
	Number of	exercise price		contractual term	Intrinsic value
	shares	per share		(in years)	(in thousands)
Outstanding at Outstanding at March 31, 2018	2,456,184	$	13.30
Exercised	(1,056,163)	$	11.20		$	35,337
Forfeited or cancelled	(25,591)	$	18.64
Outstanding at Outstanding at March 31, 2019	1,374,430	$	14.81	4.5	$	54,950
Exercisable at Exercisable at March 31, 2019	1,213,177	$	15.67	4.2	$	47,462

Summary of stock options outstanding and exercisable

A summary of stock options outstanding and exercisable as of March 31, 2019 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
$	0.61	—	$	9.99	214,347	5.5 years	$	1.52	122,502	$	1.59
$	10.00	—	$	19.99	709,672	3.6 years	$	14.69	640,264	$	14.39
$	20.00	—	$	24.99	450,411	5.5 years	$	21.32	450,411	$	21.32
					1,374,430	4.5 years	$	14.81	1,213,177	$	15.67

Schedule of other performance unit activity

Performance stock option unit activity during the year ended March 31, 2019 was:


				Weighted-average
		Weighted-average		remaining	Aggregate
	Number	exercise price		contractual term	intrinsic value
	of shares	per share		(in years)	(in thousands)
Outstanding at March 31, 2018	328,806	$	21.38
Forfeited or cancelled	(198,652)	$	21.40
Outstanding at March 31, 2019	130,154	$	21.44	1.1	$	4,340
Exercisable at March 31, 2019	—	$	—	—	$	—

Schedule Of Share Conversion

Share activity related to these conversions was:


		Continuing Operations	Discontinued Operations	Total Continuing and Discontinued Operations
TSR-based performance restricted stock units converted to time-based restricted stock units, by fiscal year granted:	Original Performance Maturity Date:
Fiscal 2017 PSU	3/31/2019	(168,378)	(46,218)	(214,596)
Fiscal 2018 PSU	3/31/2020	(148,963)	(36,815)	(185,778)
Fiscal 2019 PSU	3/31/2021	(186,539)	(30,188)	(216,727)
Totals		(503,880)	(113,221)	(617,101)

Time-based restricted stock units converted from TSR-based performance restricted stock units	RSU Cliff Vest Date (Continuing Ops Only):
Fiscal 2017 PSU	3/31/2019	336,756	92,436	429,192
Fiscal 2018 PSU	3/31/2020	297,926	73,630	371,556
Fiscal 2019 PSU	3/31/2021	373,078	60,376	433,454
Totals		1,007,760	226,442	1,234,202

Schedule Of Recognized Incremental and Accelerated Compensation Costs

The impact on compensation costs was (dollars in thousands):


	Continuing Operations		Discontinued Operations		Total Continuing and Discontinued Operations
Incremental compensation costs	$	7,179	$	1,599	$	8,778
Accelerated compensation costs of original grant date fair value related to immediate vesting of converted PSUs of AMS associates	$	—	$	1,607	$	1,607

Schedule of non-vested time-vesting restricted stock units activity

Non-vested time-vesting restricted stock units activity during the year ended March 31, 2019 was:


		Weighted-average		Weighted-average
		fair value per		remaining
	Number	share at grant		contractual
	of shares	date		term (in years)
Outstanding at Outstanding at March 31, 2018	2,517,488	$	24.73	2.38
Granted	1,939,746	$	35.85
Vested	(2,014,518)	$	24.04
Forfeited or cancelled	(395,726)	$	26.09
Outstanding at PSUs converted to RSUs in conjunction with AMS disposition	1,007,760	$	21.21
Outstanding at Outstanding at March 31, 2019	3,054,750	$	30.91	2.47

Schedule of non-vested performance-based restricted stock units activity

Non-vested performance-based restricted stock units activity during the year ended March 31, 2019 was:


		Weighted-average		Weighted-average
		fair value per		remaining
	Number	share at		contractual
	of shares	grant date		term (in years)
Outstanding at March 31, 2018	557,801	$	25.65	1.67
Granted	534,438	$	41.08
Additional earned performance shares	176	$	23.89
Vested	(61,330)	$	24.22
Forfeited or cancelled	(133,017)	$	25.16
PSUs converted to RSUs in conjunction with AMS disposition	(503,880)	$	28.06
Outstanding at March 31, 2019	394,188	$	43.88	3.23

Other Performance Units

Schedule of other performance unit activity

Other performance unit activity during the year ended March 31, 2019 was:


		Weighted average		Weighted-average
		fair value per		remaining
	Number	share at		contractual
	of shares	grant date		term (in years)
Outstanding at Outstanding at March 31, 2018	111,111	$	5.33	0
Vested	(45,364)	$	5.33
Forfeited or canceled	(65,747)	$	5.33
Outstanding at Outstanding at March 31, 2019	—	$	—	—

GOODWILL AND INTANGIBLE ASSETS: (Tables)

12 Months Ended

Mar. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill by operating segment and activity and by component included in each segment

Goodwill for the years ended March 31, 2019 and 2018 was as follows (dollars in thousands):


	Total






Balance at March 31, 2017	$	200,393
Acquisition of PDP (see Note 4 - Acquisitions)	3,260
Arbor purchase accounting adjustments	(21)
Change in foreign currency translation adjustment	7
Balance at March 31, 2018	$	203,639
Reallocation from AMS	1,377
Change in foreign currency translation adjustment	(360)
Balance at March 31, 2019	$	204,656

Goodwill by geography as of March 31, 2019 was:


	Total
U.S.	$	201,449
APAC	3,207
Balance at March 31, 2019	$	204,656

Schedule of amortization activity of intangible assets

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


	2019		2018
Developed technology, gross (Software)	$	54,000	$	54,000
Accumulated amortization	$	(49,625)	(43,383)
Net developed technology	$	4,375	$	10,617

Customer relationship/Trade name, gross (Other assets, net)	$	35,800	$	35,800
Accumulated amortization	$	(26,128)	(20,400)
Net customer/trade name	$	9,672	$	15,400

Publisher relationship, gross (Other assets, net)	$	23,800	$	23,800
Accumulated amortization	$	(9,255)	(5,289)
Net publisher relationship	$	14,545	$	18,511

Total intangible assets, gross	$	113,600	$	113,600
Total accumulated amortization	$	(85,008)	(69,072)
Total intangible assets, net	$	28,592	$	44,528

Schedule of estimated future amortization expenses related to purchases and other intangible assets were as follows

As of March 31, 2019, estimated future amortization expenses related to purchased and other intangible assets were as follows (dollars in thousands):


Year ending March 31,
2020	$	11,925
2021	$	8,083
2022	$	5,150
2023	$	3,434

	$	28,592

STOCKHOLDERS' EQUITY: - Performance Based (Details) - Restricted stock units $ / shares in Units, $ in Millions	12 Months Ended
	Mar. 31, 2019 USD ($) $ / shares shares	Mar. 31, 2018 USD ($) numberOfIncrement $ / shares shares	Mar. 31, 2017 USD ($) shares
Future expense
Share-based compensation expense \| $	$ 67.0	$ 29.1	$ 24.7
Performance Stock
Share-based compensation activity
Outstanding at the beginning of the period (in shares)	557,801
Granted (in shares)	534,438	389,065
Additional earned performance shares (in shares)	176
Vested (in shares)	(61,330)
Forfeited or cancelled (in shares)	(133,017)
PSUs converted to RSUs in conjunction with AMS disposition (in shares)	(503,880)
Outstanding at the end of the period (in shares)	394,188	557,801
Share-based compensation, Weighted average fair value per share at grant date
Outstanding at the beginning of the period (in dollars per share) \| $ / shares	$ 25.65
Granted (in dollars per share) \| $ / shares	41.08
Additional earned performance shares (in dollars per share) \| $ / shares	23.89
Vested (in dollars per share) \| $ / shares	24.22
Forfeited or cancelled (in dollars per share) \| $ / shares	25.16
PSUs converted to RSUs in conjunction with AMS disposition (in dollars per share) \| $ / shares	28.06
Outstanding at the end of the period (in dollars per share) \| $ / shares	$ 43.88	$ 25.65
Weighted-average remaining contractual term
Weighted-average remaining contractual term (in years)	3 years 2 months 23 days	1 year 8 months 1 day
Share-based Activity - Other disclosures
Aggregate fair value of restricted stock units granted \| $	$ 22.0	$ 10.1
Vesting on first anniversary on closing date
Share-based compensation activity
Granted (in shares)		184,931	212,083
Vested (in shares)	(61,330)	(580,133)	0
Share-based Activity - Other disclosures
Aggregate fair value of restricted stock units granted \| $		$ 5.1	$ 5.3
Modified (in shares)			3,882
Cancelled (in shares)			5,231
Grants after modification (in shares)			208,201
Vesting on first anniversary on closing date \| Minimum
Future expense
Performance share awards vested (as a percent)		0.00%	0.00%
Vesting on first anniversary on closing date \| Maximum
Future expense
Performance share awards vested (as a percent)		200.00%	200.00%
Vesting Based on Relevant Performance Period Over Two Periods at March 31 2018
Share-based compensation activity
Granted (in shares)		87,184
Forfeited or cancelled (in shares)	(43,768)
Share-based Activity - Other disclosures
Aggregate fair value of restricted stock units granted \| $		$ 2.1
Future expense
Vesting percentage	50.20%
Performance-based Restricted Stock Units Vesting In Three Equal Tranches
Share-based compensation activity
Granted (in shares)		116,950
Share-based Activity - Other disclosures
Aggregate fair value of restricted stock units granted \| $		$ 2.9
Future expense
Number of tranches \| numberOfIncrement		3
Performance-based Restricted Stock Units Vesting In Three Equal Tranches \| Minimum
Future expense
Vesting percentage		0.00%
Performance-based Restricted Stock Units Vesting In Three Equal Tranches \| Maximum
Future expense
Vesting percentage		300.00%
Vesting Based On Relevant Performance Period For First Performance Plan At March 31 2019
Share-based compensation activity
Granted (in shares)	186,539
Share-based Activity - Other disclosures
Aggregate fair value of restricted stock units granted \| $	$ 5.8
Vesting Based On Relevant Performance Period For First Performance Plan At March 31 2019 \| Minimum
Future expense
Performance share awards vested (as a percent)	25.00%
Vesting Based On Relevant Performance Period For First Performance Plan At March 31 2019 \| Maximum
Future expense
Performance share awards vested (as a percent)	200.00%
Vesting Based On Relevant Performance Period For Second Performance Plan At March 31 2019 [Member]
Share-based compensation activity
Granted (in shares)	347,899
Share-based Activity - Other disclosures
Aggregate fair value of restricted stock units granted \| $	$ 16.2
Vesting Based On Relevant Performance Period For Second Performance Plan At March 31 2019 [Member] \| Minimum
Future expense
Performance share awards vested (as a percent)	0.00%
Vesting Based On Relevant Performance Period For Second Performance Plan At March 31 2019 [Member] \| Maximum
Future expense
Performance share awards vested (as a percent)	200.00%

FAIR VALUE OF FINANCIAL INSTRUMENTS: -Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Mar. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other current assets	$ 44,150	$ 20,173
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other current assets	14,970	13,551
Total assets	14,970	13,551
Fair Value, Measurements, Recurring \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other current assets	14,970	13,551
Total assets	14,970	13,551
Fair Value, Measurements, Recurring \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other current assets	0	0
Total assets	0	0
Fair Value, Measurements, Recurring \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other current assets	0	0
Total assets	$ 0	$ 0

FOREIGN OPERATIONS: (Tables)

12 Months Ended

Mar. 31, 2019

Segments, Geographical Areas [Abstract]

Schedule of financial information by geographic area

The following table shows financial information by geographic area for fiscal 2019, 2018 and 2017 (dollars in thousands):


Revenue	2019		2018		2017
United States	$	262,135	$	197,613	$	162,231
Foreign
Europe	$	18,566	$	18,397	$	9,298
APAC	4,919		4,091		3,231

All Foreign	$	23,485	$	22,488	$	12,529
	$	285,620	$	220,101	$	174,760

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


	March 31,
	2019		2018
United States	$	276,189	$	824,673
Foreign
Europe	$	757	$	8,990
APAC	3,889		15,245
All Foreign	$	4,646	$	24,235
	$	280,835	$	848,908

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Mar. 31, 2019	May 23, 2019	Sep. 30, 2018
Document and Entity Information
Entity Registrant Name	LIVERAMP HOLDINGS, INC.
Entity Central Index Key	0000733269
Document Type	10-K
Document Period End Date	Mar. 31, 2019
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Public Float			$ 3,313,303,674
Entity Common Stock, Shares Outstanding		68,972,247
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY

DISCONTINUED OPERATIONS AND DISPOSITIONS: (Tables)

12 Months Ended

Mar. 31, 2019

Disposal Groups, Including Discontinued Operations [Table Text Block]

The following is a reconciliation of the assets and liabilities held for sale (dollars in thousands):


	March 31, 2018
Cash and cash equivalents	$	2,261
Trade accounts receivable, net	115,141

Other current assets	20,972
Property and equipment, net	124,193
Software, net	21,014
Goodwill	392,356
Purchased software licenses, net	7,502
Deferred income taxes	1,522

Other assets, net	3,815
Assets held for sale	$	688,776

Trade accounts payable	27,929
Accrued payroll and related expenses	28,725
Other accrued expenses	16,241
Deferred revenue	27,214
Income taxes payable	244
Other liabilities	3,707
Liabilities held for sale	$	104,060

Disposal Groups Including Discontinued Operations, Related Cash Inflows Cash Outflows Revenues And Expenses [Table Text Block]

The related cash inflows and outflows and revenues and expenses for the six months ended March 31, 2019 was (dollars in thousands):


	For the six months ended March 31, 2019
Cash inflows	$	19,711
Cash outflows	$	860

Revenues	$	23,852
Costs	$	7,198

Acxiom Marketing Solutions | Discontinued operations, held-for-sale or disposed of by sale

Disposal Groups, Including Discontinued Operations [Table Text Block]

The following is a reconciliation of the major classes of line items constituting earnings from discontinued operations, net of tax (dollars in thousands):


	2019		2018		2017
Major classes of line items constituting earnings from discontinued operations, net of tax:
Revenues	$	332,185	$	697,305	$	705,487
Cost of revenue	213,512		370,040		377,710
Gross profit	118,673		327,265		327,777
Operating expenses:
Research and development	21,621		34,160		32,742
Sales and marketing	60,743		106,960		107,418
General and administrative	71,500		38,372		36,816
Gains, losses and other items, net	(1,673,636)		3,650		3,700
Total operating expenses	(1,519,772)		183,142		180,676
Earnings from discontinued operations	1,638,445		144,123		147,101
Interest expense	(5,702)		(10,131)		(7,381)
Other, net	97		(261)		(318)
Earnings from discontinued operations before income taxes	1,632,840		133,731		139,402
Income taxes	470,346		42,952		49,718
Earnings from discontinued operations, net of tax	$	1,162,494	$	90,779	$	89,684

Zeta Interactive | Sale to Zeta

Schedule of summary results of operations for discontinued operations

Revenues and loss from operations from the disposed Impact email business are shown below (dollars in thousands):


	2017
Revenues	$	20,375
Loss from operations	$	(157)

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=109226691&loc=SL51724579-110230

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5D
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5C
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5A
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5B
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760

Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760

+ Details

STOCKHOLDERS' EQUITY:

12 Months Ended

Mar. 31, 2019

Equity [Abstract]

STOCKHOLDERS' EQUITY:

STOCKHOLDERS’ EQUITY:

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. The Company currently has no plans for the issuance of any shares of preferred stock.

On August 29, 2011, the board of directors adopted a common stock repurchase program. That program was subsequently modified and expanded, most recently on October 25, 2018. On that date, the board of directors authorized a $500 million increase to the existing common stock repurchase program. Under the modified common stock repurchase program, the Company may purchase up to $1.0 billion of its common stock through the period ending December 31, 2020. During the fiscal year ended March 31, 2019, the Company repurchased 2.4 million shares of its common stock for $74.4 million under the stock repurchase program. During the fiscal year ended March 31, 2018, the Company repurchased 3.3 million shares of its common stock for $88.9 million. During the fiscal year ended March 31, 2017, the Company repurchased 1.3 million shares of its common stock for $30.5 million. Through March 31, 2019, the Company has repurchased 22.6 million shares of its stock for $449.1 million, leaving remaining capacity of $550.9 million under the stock repurchase program.

On October 25, 2018, the board of directors authorized a Dutch auction tender offer to purchase shares of its outstanding common stock at an initial aggregate purchase price not to exceed $500 million, plus up to 2% of the Company's outstanding shares of common stock in accordance with the rules and regulations of the SEC. On December 13, 2018, the Company accepted for purchase 11.2 million shares of its common stock at a price of $44.50 per share, for an aggregate cost of $503.4 million, including fees and expenses. These shares represented approximately 14.2% of the shares outstanding.

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

Stock-based Compensation Plans

The Company has stock option and equity compensation plans for which a total of 42.3 million shares of the Company’s common stock have been reserved for issuance since the inception of the plans. At March 31, 2019, there were a total of 12.1 million shares available for future grants under the plans.

During the fiscal year ended March 31, 2019, the Board voted to amend the Amended and Restated 2005 Equity Compensation Plan to increase the number of shares available under the plan from 32.9 million shares at March 31, 2018 to 37.9 million shares at March 31, 2019, bringing the total number of shares reserved for issuance since inception of all plans from 34.5 million shares at March 31, 2018 to 42.3 million shares beginning in the quarter ended September 30, 2018. The amendment received shareholder approval at the September 20, 2018 annual shareholders' meeting.

Stock-based Compensation Expense

The Company's stock-based compensation activity for the fiscal years ended March 31, 2019, 2018 and 2017, by award type, was (dollars in millions):


	2019		2018		2017
Stock options	$	3.3	$	5.0	$	6.9
Performance stock options	—		0.5		1.4
Restricted stock units	67.0		29.1		24.7
Arbor acquisition consideration holdback	15.3		15.3		5.1
PDP assumed performance plan	15.8		2.0		—
Other non-employee stock-based compensation	1.3		1.0		1.3
Total non-cash stock-based compensation included in the consolidated statements of operations	102.7		52.9		39.4
Less expense related to liability-based equity awards	(14.2)		(1.7)		—
Stock-based compensation of discontinued operations	62.8		10.3		9.7
Total non-cash stock-based compensation included in the consolidated statements of equity	$	151.3	$	61.5	$	49.1

In March 2019, the Company accelerated the vesting of certain time-vesting restricted stock units that would have otherwise vested over the next six months to take advantage of significant cash tax savings opportunities. This resulted in the release of restricted stock units covering approximately 0.5 million shares of common stock. The Company recognized $19.8 million of compensation costs related to the accelerated vesting and release of these units, which is included in loss from operations in the consolidated statement of operations. Of the $19.8 million compensation costs, $14.3 million represented incremental compensation cost and $5.5 million represented accelerated original grant date fair value compensation cost.

Future expense for all of the Company's outstanding equity awards at March 31, 2019, by award type, is expected to be (dollars in millions):


	During the year ended:
	2020		2021		2022		2023		Total
Stock options	$	2.2	$	0.5	$	—	$	—	$	2.7
Restricted stock units	40.7		28.3		16.8		6.1		91.9
Arbor acquisition consideration holdback	2.6		—		—		—		2.6
PDP assumed performance plan	15.8		15.8		15.7		—		47.3
	$	61.3	$	44.6	$	32.5	$	6.1	$	144.5

Stock Option Activity of Continuing Operations

Stock option activity during the year ended March 31, 2019 was:


				Weighted-average
		Weighted-average		remaining	Aggregate
	Number of	exercise price		contractual term	Intrinsic value
	shares	per share		(in years)	(in thousands)
Outstanding at Outstanding at March 31, 2018	2,456,184	$	13.30
Exercised	(1,056,163)	$	11.20		$	35,337
Forfeited or cancelled	(25,591)	$	18.64
Outstanding at Outstanding at March 31, 2019	1,374,430	$	14.81	4.5	$	54,950
Exercisable at Exercisable at March 31, 2019	1,213,177	$	15.67	4.2	$	47,462

The aggregate intrinsic value for options exercised in fiscal 2019, 2018, and 2017 was $35.3 million, $6.5 million, and $7.7 million, respectively. The aggregate intrinsic value at period end represents 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 option holders exercised their options on March 31, 2019. This amount changes based upon changes in the fair market value of LiveRamp’s stock.

A summary of stock options outstanding and exercisable as of March 31, 2019 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
$	0.61	—	$	9.99	214,347	5.5 years	$	1.52	122,502	$	1.59
$	10.00	—	$	19.99	709,672	3.6 years	$	14.69	640,264	$	14.39
$	20.00	—	$	24.99	450,411	5.5 years	$	21.32	450,411	$	21.32
					1,374,430	4.5 years	$	14.81	1,213,177	$	15.67

Performance Stock Option Unit Activity of Continuing Operations

Performance stock option unit activity during the year ended March 31, 2019 was:


				Weighted-average
		Weighted-average		remaining	Aggregate
	Number	exercise price		contractual term	intrinsic value
	of shares	per share		(in years)	(in thousands)
Outstanding at March 31, 2018	328,806	$	21.38
Forfeited or cancelled	(198,652)	$	21.40
Outstanding at March 31, 2019	130,154	$	21.44	1.1	$	4,340
Exercisable at March 31, 2019	—	$	—	—	$	—

Of the performance stock option units outstanding at March 31, 2019, 130,154 reached maturity of the relevant performance period at March 31, 2019. The units are expected to vest at an approximate 0% attainment level during the subsequent service period, resulting in cancellation of the units.

Restricted Stock Unit Activity Related to Disposition of AMS

Performance-based Restricted Stock Unit Conversions

In conjunction with the disposition of AMS, the Company converted its outstanding TSR-based performance restricted stock units ("PSUs") to time-vesting restricted stock units ("RSUs"). On the conversion date, the performance period was truncated and attainment measured, resulting in conversion of the PSUs to RSUs at a 200% conversion rate. Each converted RSU held by an AMS associate was vested immediately. The remaining converted RSUs will cliff vest on the same date as the original PSU performance period maturity date.

Share activity related to these conversions was:


		Continuing Operations	Discontinued Operations	Total Continuing and Discontinued Operations
TSR-based performance restricted stock units converted to time-based restricted stock units, by fiscal year granted:	Original Performance Maturity Date:
Fiscal 2017 PSU	3/31/2019	(168,378)	(46,218)	(214,596)
Fiscal 2018 PSU	3/31/2020	(148,963)	(36,815)	(185,778)
Fiscal 2019 PSU	3/31/2021	(186,539)	(30,188)	(216,727)
Totals		(503,880)	(113,221)	(617,101)

Time-based restricted stock units converted from TSR-based performance restricted stock units	RSU Cliff Vest Date (Continuing Ops Only):
Fiscal 2017 PSU	3/31/2019	336,756	92,436	429,192
Fiscal 2018 PSU	3/31/2020	297,926	73,630	371,556
Fiscal 2019 PSU	3/31/2021	373,078	60,376	433,454
Totals		1,007,760	226,442	1,234,202

The Company recognized both incremental and accelerated compensation costs in the consolidated statement of operations related to the PSU conversions. The impact on compensation costs was (dollars in thousands):


	Continuing Operations		Discontinued Operations		Total Continuing and Discontinued Operations
Incremental compensation costs	$	7,179	$	1,599	$	8,778
Accelerated compensation costs of original grant date fair value related to immediate vesting of converted PSUs of AMS associates	$	—	$	1,607	$	1,607

AMS Restricted Stock Unit Accelerations

In conjunction with the disposition of AMS, the Company accelerated the vesting of substantially all outstanding time-vesting restricted stock units of AMS associates to the date of disposition, including converted PSU shares, resulting in the release of restricted stock units covering 1,187,344 shares of common stock. The Company recognized $54.0 million of compensation costs related to the accelerated vesting and release of these units, which is included in net earnings from discontinued operations, net of tax in the consolidated statement of operations. Of the $54.0 million compensation costs, $27.0 million represented incremental compensation cost and $27.0 million represented accelerated original grant date fair value compensation cost.

Restricted Stock Unit Activity of Continuing Operations

During fiscal 2019, the Company granted time-vesting restricted stock units covering 1,939,746 shares of common stock with a fair value at the date of grant of $69.5 million. Of the restricted stock units granted in the current period, 1,856,444 vest over four years and 83,302 vest over one year.

During fiscal 2018, the Company granted time-vesting restricted stock units covering 1,386,448 shares of common stock with a fair value at the date of grant of $36.2 million. Of the restricted stock units granted in fiscal 2018, 1,089,379 vest over four years, 106,571 vest over three years, 174,368 vest over two years, and 16,130 vest over one year.

During fiscal 2017, the Company granted time-vesting restricted stock units covering 1,716,357 shares of common stock with a fair value at the date of grant of $42.2 million, of which units covering 768,710 shares, with a fair value at grant date of $20.4 million, were granted to former Arbor and Circulate employees subsequent to the acquisitions

(see Note 4 - Acquisitions). Of the restricted stock units granted in fiscal 2017, 898,646 vest over four years, 398,079 vest over three years, 407,413 vest over two years, and 12,219 vest in one year.

Non-vested time-vesting restricted stock units activity during the year ended March 31, 2019 was:


		Weighted-average		Weighted-average
		fair value per		remaining
	Number	share at grant		contractual
	of shares	date		term (in years)
Outstanding at Outstanding at March 31, 2018	2,517,488	$	24.73	2.38
Granted	1,939,746	$	35.85
Vested	(2,014,518)	$	24.04
Forfeited or cancelled	(395,726)	$	26.09
Outstanding at PSUs converted to RSUs in conjunction with AMS disposition	1,007,760	$	21.21
Outstanding at Outstanding at March 31, 2019	3,054,750	$	30.91	2.47

Valuation of time-vesting restricted stock units for all periods presented is equal to the quoted market price for the shares on the date of grant. The total fair value of time-vesting restricted stock units vested in fiscal 2019, 2018, and 2017 was $93.1 million, $24.1 million, and $17.0 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.

Non-vested performance-based restricted stock units activity during the year ended March 31, 2019 was:


		Weighted-average		Weighted-average
		fair value per		remaining
	Number	share at		contractual
	of shares	grant date		term (in years)
Outstanding at March 31, 2018	557,801	$	25.65	1.67
Granted	534,438	$	41.08
Additional earned performance shares	176	$	23.89
Vested	(61,330)	$	24.22
Forfeited or cancelled	(133,017)	$	25.16
PSUs converted to RSUs in conjunction with AMS disposition	(503,880)	$	28.06
Outstanding at March 31, 2019	394,188	$	43.88	3.23

During fiscal 2019, the Company granted performance-based restricted stock units, in two separate plans, covering 534,438 shares of common stock having a fair value at the date of grant of $22.0 million. Under the first performance plan, units covering 186,539 shares of common stock were granted having a fair value at the date of grant of $5.8 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 186,539 units may vest in a number of shares from 25% to 200% of the award, based on the total shareholder return of LiveRamp common stock compared to total shareholder return of a group of peer companies established by the compensation committee for the period from April 1, 2018 to March 31, 2021. All of these awards were converted to RSUs at the time of the AMS disposition. Under the second performance plan, units covering 347,899 shares of common stock were granted having a fair value at the date of grant of $16.2 million 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. The units may vest in a number of shares from zero to 200% of the award, based on the attainment of revenue growth and margin targets.

During fiscal 2018, the Company granted performance-based restricted stock units covering 389,065 shares of common stock having a fair value at the date of grant of $10.1 million. Of the performance-based restricted stock units granted in fiscal 2018, 184,931 units - having a fair value at the date of grant of $5.1 million, determined using a Monte Carlo simulation model - vest subject to attainment of performance criteria established by the compensation committee and continuous employment through the vesting date. The 184,931 units may vest in a

number of shares from zero to 200% of the award, based on the total shareholder return of LiveRamp common stock compared to TSR established by the compensation committee for the period from April 1, 2017 to March 31, 2020. All of these awards were converted to RSUs at the time of the AMS disposition.

Of the performance-based restricted stock units granted in fiscal 2018, 87,184 units - having a fair value at the date of grant of $2.1 million, based on the quoted market price for the shares on the date of grant - vest over two periods, each being subject to attainment of performance criteria established by the compensation committee and continuous employment through the vesting date. These units vested at 50.2% attainment in fiscal 2019 resulting in release of 43,768 shares of stock and cancellation of remaining units.

The remaining 116,950 performance-based restricted stock units granted in fiscal 2018 - having a fair value at the date of grant of $2.9 million, based on the quoted market price for the shares on the date of grant - vest in three equal tranches, each being subject to attainment of performance criteria established by the compensation committee and continuous employment through the vesting date. Each of the three tranches may vest in a number of shares, from zero to 300% of the initial award, based on the attainment of certain revenue growth and operating margin targets for the years ending March 31, 2018, 2019, and 2020, respectively. The first tranche vested at 53.3% attainment in fiscal 2019 resulting in release of 17,562 shares of stock. Of the 46,289 units outstanding at March 31, 2019, 23,142 reached maturity of the relevant performance period at March 31, 2019. Those units are expected to vest at an approximate 0% attainment level, resulting in cancellation of the units.

During fiscal 2017, the Company granted performance-based restricted stock units covering 212,083 shares of common stock with a fair value at the date of grant of $5.3 million, determined using a Monte Carlo simulation model. Of the performance-based restricted stock units granted in fiscal 2017, 3,882 units represent award modifications that included 5,231 corresponding canceled units. The remaining 208,201 performance-based restricted stock units, having a fair value at the date of grant of $5.1 million, vest subject to attainment of performance criteria established by the compensation committee. Those units may vest in a number of shares from zero to 200% of the award, based on TSR established by the compensation committee for the period from April 1, 2016 to March 31, 2019. All of these awards were converted to RSUs at the time of the AMS disposition.

During fiscal 2019, 61,330 performance-based restricted stock units vested. Of the units vested, 43,768 relate to 50.2% attainment on a fiscal 2018 plan, and 17,562 relate to 53.3% attainment on a fiscal 2018 plan. During fiscal 2018, 580,133 performance-based restricted stock units vested. There were no performance-based restricted stock units vested in fiscal 2017. The total fair value of performance-based restricted stock units vested in fiscal 2019 and 2018 was $2.20 million and $14.1 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 Performance Unit Activity

Other performance unit activity during the year ended March 31, 2019 was:


		Weighted average		Weighted-average
		fair value per		remaining
	Number	share at		contractual
	of shares	grant date		term (in years)
Outstanding at Outstanding at March 31, 2018	111,111	$	5.33	0
Vested	(45,364)	$	5.33
Forfeited or canceled	(65,747)	$	5.33
Outstanding at Outstanding at March 31, 2019	—	$	—	—

The 111,111 performance-based units outstanding at March 31, 2018 reached maturity of the relevant performance period on March 31, 2018. The units achieved a 100% performance attainment level. However, application of the share price adjustment factor resulted in a 59% reduction in shares vested in fiscal 2019.

Stock-based Compensation Expense Related to Discontinued Operations

Total stock-based compensation expense related to discontinued operations for fiscal 2019, 2018 and 2017 was $62.8 million, $10.3 million and $9.7 million, respectively and is included in non-cash stock-based compensation in the consolidated statements of equity.

Consideration Holdback

As part of the Company’s acquisition of Arbor in fiscal 2017, $38.3 million of the acquisition consideration otherwise payable with respect to shares of restricted Arbor common stock held by certain key employees was subject to holdback by the Company pursuant to agreements with those employees (each, a “Holdback Agreement”). As a result, 382,462, 578,071 and 184,214 shares were issued to the Arbor key employees in fiscal 2019, 2018 and 2017, respectively.

PDP Assumed Performance Plan

In connection with the fiscal 2018 acquisition of PDP, the Company assumed the outstanding performance compensation plan under the 2018 Equity Compensation Plan of PDP ("PDP PSU plan").

Through March 31, 2019, the Company recognized a total of $17.8 million in non-cash stock-based compensation expense in the consolidated statements of operations related to the PDP PSU plan. Future expense shown in tables above for the PDP PSU plan is based on a current expectation of full attainment. At March 31, 2019, the recognized, but unpaid, balance in other liabilities in the consolidated balance sheet was $16.0 million.

Qualified Employee Stock Purchase Plan

In addition to the stock-based plans, the Company maintains a qualified employee stock purchase plan (“ESPP”) that permits substantially all employees to purchase shares of common stock at a discount from the market price. At March 31, 2019, there were approximately 0.6 million shares available for issuance under the ESPP.

During the combined fiscal years of 2019, 2018, and 2017, 276,475 shares were purchased under the plan. The total expense to the Company, representing the discount to the market price, for fiscal 2019, 2018 and 2017 was approximately $0.4 million, $0.2 million, and $0.3 million, respectively.

Accumulated Other Comprehensive Income

Accumulated other comprehensive income accumulated balances of $7.8 million and $10.8 million at March 31, 2019 and March 31, 2018, respectively, reflect accumulated foreign currency translation adjustments.

STOCKHOLDERS' EQUITY: Stock-based compensation activity, by award type (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Share-based compensation
Other non-employee stock-based compensation	$ 1,300	$ 1,000	$ 1,300
Total non-cash stock-based compensation included in the consolidated statements of operations	102,700	52,900	39,400
Stock-based compensation of discontinued operations	62,800	10,300	9,700
Non-cash stock-based compensation	151,344	61,460	49,100
Stock options
Share-based compensation
Share-based compensation expense	3,300	5,000	6,900
Performance stock
Share-based compensation
Share-based compensation expense	0	500	1,400
Restricted stock units
Share-based compensation
Share-based compensation expense	67,000	29,100	24,700
Arbor Holdback Agreement \| Arbor
Share-based compensation
Share-based compensation expense	15,300	15,300	5,100
Pacific Data Partners, LLC Agreement Plan \| Pacific Data Partners LLC
Share-based compensation
Share-based compensation expense	15,800	2,000	0
Liability Based Award
Share-based compensation
Total non-cash stock-based compensation included in the consolidated statements of operations	$ (14,200)	$ (1,700)	$ 0

UNAUDITED SELECTED QUARTERLY FINANCIAL DATA: (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Revenues	$ 78,316	$ 80,021	$ 64,812	$ 62,471	$ 60,210	$ 59,121	$ 54,013	$ 46,757	$ 285,620	$ 220,101	$ 174,760
Gross profit	40,556	45,183	40,346	38,817	36,410	34,595	30,004	22,696	164,902	123,705	74,784
Loss from operations	(49,688)	(15,261)	(41,180)	(27,818)	(19,010)	3,117	(25,191)	(26,215)	(198,146)	(133,524)	(131,412)
Earnings from discontinued operations, net of tax	4,227	1,071,661	61,803	24,803	24,185	19,824	21,855	24,915	1,162,494	90,779	89,684
Net earnings (loss)	$ (45,461)	$ 1,056,400	$ 20,623	$ (3,015)	$ 5,175	$ 22,941	$ (3,336)	$ (1,300)	$ 1,028,547	$ 23,480	$ 4,108
Basic earnings (loss) per share:
Continuing operations (in dollars per share)	$ (0.73)	$ (0.20)	$ (0.53)	$ (0.36)	$ (0.24)	$ 0.04	$ (0.32)	$ (0.33)	$ (1.79)	$ (0.85)	$ (1.10)
Discontinued operations (in dollars per share)	0.06	13.85	0.80	0.32	0.31	0.25	0.28	0.32	15.50	1.15	1.16
Net basic earnings (loss) (in dollars per share)	(0.67)	13.65	0.27	(0.04)	0.07	0.29	(0.04)	(0.02)	13.71	0.30	0.05
Diluted earnings (loss) per share:
Continuing operations (in dollars per share)	(0.73)	(0.20)	(0.53)	(0.36)	(0.24)	0.04	(0.32)	(0.33)	(1.79)	(0.85)	(1.10)
Diluted earnings (loss) per share from discontinued operations (in dollars per share)	0.06	13.85	0.80	0.32	0.31	0.24	0.28	0.32	15.50	1.15	1.16
Net diluted earnings (loss) per share (in dollars per share)	$ (0.67)	$ 13.65	$ 0.27	$ (0.04)	$ 0.07	$ 0.28	$ (0.04)	$ (0.02)	$ 13.71	$ 0.30	$ 0.05

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2019	Mar. 31, 2018
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.10	$ 0.1
Common stock, authorized shares	200,000,000	200,000,000
Common stock, issued shares	141,900,000	136,100,000
Treasury stock, shares	73,200,000	58,300,000

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Cash flows from operating activities:
Net earnings	$ 1,028,547	$ 23,480	$ 4,108
Earnings from discontinued operations, net of tax	(1,162,494)	(90,779)	(89,684)
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Depreciation and amortization	33,782	37,647	31,963
Loss on disposal or impairment of assets	3,460	2,891	2,726
Provision for doubtful accounts	3,069	1,214	296
Impairment of goodwill and other assets	0	720	0
Deferred income taxes	9,894	(27,798)	(11,107)
Non-cash stock-based compensation expense	102,722	52,867	39,408
Changes in operating assets and liabilities:
Accounts receivable, net	(44,411)	(13,703)	(10,067)
Deferred commissions	(4,298)	0	0
Other assets	(3,106)	562	(3,155)
Accounts payable and other liabilities	25,308	(3,219)	812
Income taxes	5,087	2,310	9,121
Deferred revenue	462
Deferred revenue		(282)	(309)
Net cash provided by (used in) operating activities	(1,978)	(14,090)	(25,888)
Cash flows from investing activities:
Capitalized software development costs	(1,322)	(3,266)	(5,363)
Capital expenditures	(7,320)	(9,375)	(23,110)
Proceeds from sales of assets	0	0	25,494
Equity investments	(2,500)	(1,000)	(1,000)
Cash paid in acquisitions, net of cash acquired	0	(4,478)	(137,383)
Net cash received in dispositions	0	4,000	16,988
Net cash used in investing activities	(11,142)	(14,119)	(124,374)
Cash flows from financing activities:
Proceeds from debt	0	230,000	70,000
Payments of debt	(233,293)	(227,320)	(32,243)
Fees for debt refinancing	(300)	(4,001)	0
Sale of common stock	20,419	19,727	21,130
Shares repurchased for tax withholdings upon vesting of stock-based awards	(50,520)	(11,062)	(5,421)
Excess tax benefits from stock-based compensation	0	0	2,852
Acquisition of treasury stock	(74,421)	(88,884)	(30,542)
Acquisition of treasury stock from tender offer	(503,393)	0	0
Net cash used in financing activities	(841,508)	(81,540)	25,776
Net cash used in continuing operations	(854,628)	(109,749)	(124,486)
Cash flows from discontinued operations:
From operating activities	(458,525)	125,645	141,016
From investing activities	2,236,530	(46,202)	(34,878)
Effect of exchange rate changes on cash	(172)	206	(68)
Net cash provided by discontinued operations	1,777,833	79,649	106,070
Net cash used in continuing and discontinued operations	923,205	(30,100)	(18,416)
Effect of exchange rate changes on cash	(1,750)	1,438	(1,572)
Net change in cash and cash equivalents	921,455	(28,662)	(19,988)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning Balance	140,018	168,680	188,668
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Ending Balance	1,061,473	140,018	168,680
Cash paid during the period for:
Income taxes	(439,542)	(1,236)	(6,866)
Non-cash investing and financing activities:
Leasehold improvements paid directly by lessor	$ 0	$ 505	$ 0

COMMITMENTS AND CONTINGENCIES: (Tables)

12 Months Ended

Mar. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

Schedule of Future Minimum Rental Payments for Operating Leases

Future minimum lease payments under all noncancellable operating leases as of March 31, 2019 are (dollars in thousands):


Year ending March 31,
2020	$	12,057
2021	11,253
2022	10,865
2023	5,160
2024	3,270
Thereafter	4,497

	$	47,102

UNAUDITED SELECTED QUARTERLY FINANCIAL DATA:

12 Months Ended

Mar. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

UNAUDITED SELECTED QUARTERLY FINANCIAL DATA:

The following tables contain selected unaudited statement of operations information for each quarter of 2019 and 2018. The following information reflects all normal recurring adjustments necessary for a fair presentation of the information for the periods presented. The operating results for any quarter are not necessarily indicative of results for any future period. Unaudited quarterly results are as follows:


	Quarter ended		Quarter ended		Quarter ended		Quarter ended
	June 30,		September 30,		December 31,		March 31,
(dollars in thousands except per-share amounts)	2018		2018		2018		2019
Revenue	$	62,471	$	64,812	$	80,021	$	78,316
Gross profit	38,817		40,346		45,183		$	40,556
Net loss from continuing operations	(27,818)		(41,180)		(15,261)		$	(49,688)
Earnings from discontinued operations, net of tax	24,803		61,803		1,071,661		$	4,227
Net earnings (loss)	(3,015)		20,623		1,056,400		$	(45,461)

Basic earnings (loss) per share:
Continuing operations	(0.36)		(0.53)		(0.20)		(0.73)
Discontinued operations	0.32		0.80		13.85		0.06
Net earnings (loss)	(0.04)		0.27		13.65		(0.67)

Diluted earnings (loss) per share:
Continuing operations	(0.36)		(0.53)		(0.20)		(0.73)
Discontinued operations	0.32		0.80		13.85		0.06
Net earnings (loss)	(0.04)		0.27		13.65		(0.67)


	Quarter ended		Quarter ended		Quarter ended		Quarter ended
	June 30,		September 30,		December 31,		March 31,
(dollars in thousands except per-share amounts)	2017		2017		2017		2018
Revenue	$	46,757	$	54,013	$	59,121	$	60,210
Gross profit	22,696		30,004		34,595		36,410
Net earnings (loss) from continuing operations	(26,215)		(25,191)		3,117		(19,010)
Earnings from discontinued operations, net of tax	24,915		21,855		19,824		24,185
Net earnings (loss)	(1,300)		(3,336)		22,941		5,175

Basic earnings (loss) per share:
Continuing operations	(0.33)		(0.32)		0.04		(0.24)
Discontinued operations	0.32		0.28		0.25		0.31
Net earnings (loss)	(0.02)		(0.04)		0.29		0.07

Diluted earnings (loss) per share:
Continuing operations	(0.33)		(0.32)		0.04		(0.24)
Discontinued operations	0.32		0.28		0.24		0.31
Net earnings (loss)	(0.02)		(0.04)		0.28		0.07

Some earnings (loss) per share amounts may not add due to rounding.

OTHER ACCRUED EXPENSES: (Tables)

12 Months Ended

Mar. 31, 2019

Other Accrued Expenses [Abstract].

Schedule of other accrued expenses

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


	March 31,		March 31,
	2019		2018

Liabilities of non-qualified retirement plan (see Note 6 - Other Current and Noncurrent Assets)	$	14,970	$	13,551
Other accrued expenses	25,946		26,073
Other accrued expenses	$	40,916	$	39,624

PROPERTY AND EQUIPMENT:

12 Months Ended

Mar. 31, 2019

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT:

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


	March 31,		March 31,
	2019		2018
Leasehold improvements	$	20,097	$	15,635
Data processing equipment	37,678		39,938
Office furniture and other equipment	7,077		6,780
	64,852		62,353
Less accumulated depreciation and amortization	38,809		30,013
	$	26,043	$	32,340

Depreciation expense on property and equipment was $15.6 million, $11.8 million and $11.2 million for the fiscal years ended March 31, 2019, 2018 and 2017, respectively. Depreciation expense in fiscal 2019 included $3.8 million of accelerated depreciation expense associated with the reduced useful life of certain IT equipment in connection with the Company's migration to a cloud-based data center solution.

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (Policies)	12 Months Ended
	Mar. 31, 2019
Accounting Policies [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 accordance with accounting principles generally accepted in the United States of America (“GAAP”) as set forth in the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) and we consider the various staff accounting bulletins and other applicable guidance issued by the United States Securities and Exchange Commission ("SEC").
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 doubtful accounts, the fair value of acquired assets and assumed liabilities, projected cash flows associated with recoverability of assets, 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 materially from these estimates.
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 the chief operating decision maker. Our chief operating decision maker 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.
Discontinued Operations	Discontinued Operations - Discontinued operations comprise those activities that have been disposed of during the period or that have been classified as held for sale at the end of the period, and represent a separate major line of business or geographical area that can be clearly distinguished for operational and financial reporting purposes. In fiscal 2019, the Company sold its Acxiom Marketing Solutions business (“AMS”) and began reporting the results of operations, cash flows and the balance sheet amounts pertaining to AMS as a component of discontinued operations in the consolidated financial statements.
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 with remaining maturities of three months or less at the date of purchase. The Company has no restricted cash.
Revenue Recognition	Revenue Recognition - The Company’s policy follows the guidance from ASC 606, Revenue from Contracts with Customers. LiveRamp recognizes revenue from the following sources: (i) subscription revenue, which consists primarily of subscription fees from clients accessing our IdentityLink platform; and (ii) marketplace and other revenue, which primarily consists of revenue-sharing fees generated from data transactions through our IdentityLink Data Store platform, and transactional usage-based revenue from arrangements with certain publishers and addressable TV providers. Our IdentityLink platform subscription pricing is tiered based on data volume supported by our platform. 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 A customer contract is primarily identified when the Company and a customer have executed an arrangement or arrangements that set out the terms of the relationship. 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 and revenue-sharing and usage-based arrangements are distinct because, once a customer has access to the platform, the product 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 goods or services to a customer, excluding sales taxes that are collected on behalf of government agencies. The Company estimates any variable consideration to which it will be entitled at contract inception, and reassesses at each reporting date, when determining the transaction price. The Company does not include variable consideration to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized will occur when any uncertainty associated with the variable consideration is resolved. Allocation of the transaction price to the performance obligations in the contract We allocate the transaction price to each distinct performance obligation based on the standalone selling price ("SSP") of each good or 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 goods or services is transferred to customers. Subscription revenue is generally recognized ratably over the subscription period beginning on the date the goods or services are made available to customers. The majority of our subscription revenue is derived from subscriptions that are one year in duration and invoiced on a monthly basis, although some of our clients are entering into multiple-year subscriptions. Marketplace and other revenue is typically transactional in nature, tied to a revenue share or volumes purchased. We report revenue from Data Store and other similar transactions on a net basis because our performance obligation is to facilitate a transaction between data providers and end users, for which we earn a portion of the gross fee. Consequently, the portion of the gross amount billed to end users that is remitted to data providers is not reflected as revenues. Disaggregation of Revenue The Company reports disaggregation of revenue based on primary geographical markets and major service offerings (see Note 2 - Topic 606 Adoption Impact and Revenue from Contracts with Customers).
Accounts Receivable	Accounts Receivable Accounts receivable includes 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 $2.5 million at March 31, 2019 and $3.1 million at March 31, 2018. Accounts receivable are presented net of allowance for doubtful accounts. The Company evaluates its allowance for doubtful accounts based on a combination of factors at each reporting date. Each account is evaluated based on specific information known to management regarding each customer’s ability or inability to pay, as well as historical experience for each customer, the length of time the receivable has been outstanding, and current economic conditions in the customer’s industry. Accounts receivable that are determined to be uncollectible are charged against the allowance for doubtful accounts.
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, 5 - 7 years; data processing equipment, 2 - 5 years, and office furniture and other equipment, 3 - 7 years.
Operating Leases	Operating Leases - The Company records rent expense for operating leases, some of which have escalating rent payments, on a straight-line basis over the term of the lease agreement. The Company begins recognition of rent expense on the date of initial possession, which is generally when the Company enters the leased premises and begins to make improvements in preparation for its intended use. Some of the Company's lease arrangements provide for concessions by the landlords, including payments for leasehold improvements and rent-free periods. The Company accounts for the difference between the straight-line rent expense and rent paid as deferred rent. Refer to the discussion below in Recent Accounting Pronouncements regarding the Company's adoption of ASU No. 2016-02, "Leases", in fiscal 2020.
Software, Purchased Software Licenses, and Research and Development Costs	Software and Research and Development Costs – Costs of internally developed software are capitalized in accordance with ASC 350-40, Internal Use Software. The standard generally requires that research and development costs incurred prior to the beginning of the application development stage of software products are charged to operations as such costs are incurred. Once the application development stage has begun, costs are capitalized until the software is available for general release. Costs of internally developed computer software are amortized on a straight-line basis over the remaining estimated economic life of the software product, generally two to five years (see Note 9 – Software). Capitalized software is reviewed when facts and circumstances indicate the carrying amount may not be recoverable and, if necessary, the Company reduces the carrying value of each product to its fair value. We did not recognize any impairment charges related to capitalized software in fiscal 2019, 2018 or 2017.
Business Combinations	Business Combinations – We apply the provisions of ASC 805, Business Combinations, in accounting for acquisitions. It requires us to recognize separately from goodwill the assets acquired and the liabilities assumed at the acquisition date fair values. Goodwill as of the acquisition date is measured as the excess 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 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 and Intangible Assets	Goodwill and Intangible Assets - 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 indicators of impairment exist. In performing our goodwill impairment test, we first evaluate goodwill to determine if it is more likely than not that the occurrence of an event or change in circumstances has reduced the fair value of a reporting segment below its carrying value. The qualitative assessment requires that we consider events or circumstances that may include macroeconomic conditions, industry and market considerations, cost factors, overall financial performance, changes in management or key personnel, changes in strategy, changes in customers, and changes in our stock price. If, after assessing the totality of events or circumstances, we determine that it is more likely than not that the fair value of our reporting segments is greater than the carrying amounts, then the two-step goodwill impairment test is not performed. If the qualitative assessment indicates that the two-step quantitative analysis should be performed, we evaluate goodwill for impairment by comparing the fair value of each of our reporting segments to its carrying value, including the associated goodwill. To determine the fair values, we use the equal weighting of the market approach based on comparable publicly traded companies in similar lines of businesses and the income approach based on estimated discounted future cash flows. Our cash flow assumptions consider forecasted revenue, operating costs and other relevant factors. We completed our annual impairment test during the first quarter of fiscal 2019. We determined, after performing a qualitative review of each reporting unit, that it is more likely than not that the fair value of each of our reporting segments exceeds the respective carrying amounts. Accordingly, there was no indication of impairment, and the two-step quantitative goodwill impairment test was not performed. We did not recognize any goodwill impairment charges in fiscal 2019, 2018 or 2017. As a result of the organizational realignment and subsequent sale of AMS, we now operate as one operating segment and as a result, evaluate goodwill impairment based on our fair value as a whole. Operating segments are defined as components of an enterprise for which separate financial information is evaluated regularly by the chief operating decision maker. While we have offerings in multiple market segments, our chief operating decision maker evaluates our financial information and resources and assesses the performance of these resources on a consolidated basis. 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 2019, 2018, or 2017. During fiscal 2019, our intangible assets were amortized over their estimated useful lives ranging from four 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:
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. We did not recognize any impairment charges related to long-lived assets in fiscal 2019, 2018, or 2017.
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 17 - Fair Value of Financial Instruments.
Concentration of Credit Risk	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 maintains deposits in federally insured financial institutions more than federally insured limits. Management, however, 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, 2019 and 2018 there were no customers that represented more than 10% of the trade accounts receivable balance. There were no customers that individually exceeded 10% of the Company's revenue in any of the fiscal years presented.
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 in the consolidated statements of stockholders’ equity and comprehensive income.
Advertising Expense	Advertising Expense - Advertising costs are expensed as incurred. Advertising expense was approximately $8.2 million, $8.3 million and $6.2 million for the fiscal years ended March 31, 2019, 2018 and 2017, 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 12 - Commitments and Contingencies provides additional information regarding certain of our legal contingencies.
Share-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 (“compensation committee”) of the board of directors under which options and restricted stock units were outstanding as of March 31, 2019. The Company’s equity compensation plan provides that all associates (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 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, which will impact net earnings in the period any adjustment is recorded.
Adoption of New Accounting Standards and Recent Accounting Pronouncements Not Yet Adopted	Adoption of New Accounting Standards – In May 2017, the FASB issued ASU 2017-09, "Compensation-Stock Compensation (Topic 719): Scope of Modification Accounting" ("ASU 2017-09"). ASU 2017-09 clarifies when changes to the terms or conditions of a stock-based payment award must be accounted for as modifications. ASU 2017-09 will reduce diversity in practice and result in fewer changes to the terms of an award being accounted for as modifications. Under ASU 2017-09, an entity will not apply modification accounting to a stock-based payment award if the award's fair value, vesting conditions and classification as an equity or liability instrument are the same immediately before and after the change. ASU 2017-09 will be applied prospectively to awards modified on or after the adoption date. The guidance is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. ASU 2017-09 is effective for the Company beginning in fiscal 2019. We adopted the standard in the current fiscal year, and adoption of this guidance did not have a material impact on our consolidated financial statements and related disclosures. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) and issued subsequent amendments to the initial guidance in August 2015, March 2016, April 2016, May 2016 and December 2016 within ASU 2015-14, ASU 2016-08, ASU 2016-10, ASU 2016-12 and ASU 2016-20, respectively. Topic 606 supersedes nearly all existing revenue recognition guidance under U.S. GAAP. The core principle of the new guidance is to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. We adopted Topic 606 as of April 1, 2018 using the modified retrospective method. See Note 2 - Topic 606 Adoption Impact and Revenue from Contracts with Customers for further details. Recent Accounting Pronouncements Not Yet Adopted – In January 2017, the FASB issued ASU 2017-04, "Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment" ("ASU 2017-04"), which eliminates step two from the goodwill impairment test. Under current guidance, step two of the goodwill impairment test requires entities to calculate the implied value of goodwill in the same manner as the amount of goodwill recognized in a business combination by assigning the fair value of a reporting unit to all of the assets and liabilities of the reporting unit. The carrying value in excess of the implied fair value is recognized as goodwill impairment. Under ASU 2017-04, goodwill impairment is recognized based on step one of the current guidance, which calculates the carrying value in excess of the reporting unit's fair value. ASU 2017-04 is effective for annual periods beginning after December 15, 2019 (fiscal 2021 for the Company), including interim periods within those fiscal years; earlier adoption is permitted for goodwill impairment tests performed on testing dates after January 1, 2017. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements and related disclosures. In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842)" ("ASU 2016-02"), as a comprehensive new standard that amends various aspects of existing guidance for leases and requires additional disclosures about leasing arrangements. The new standard will require lessees to recognize a right-of-use asset and a lease liability on the balance sheet for all leases except short-term leases. For lessees, leases will continue to be classified as either operating or financing in the income statement. Lessor accounting is similar to the current model but updated to align with certain changes to the lessee model. Lessors will continue to classify leases as operating, direct financing or sales-type leases. Subsequently, the FASB has issued various ASU's to provide further clarification around aspects of Topic 842, including an alternative method that permits application of the new guidance at the beginning of adoption, recognizing a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption, in addition to the method of applying the new guidance retrospectively to each prior reporting period presented. ASU 2016-02 is effective for annual periods beginning after December 15, 2018 (fiscal 2020 for the Company), including interim periods within those fiscal years, with early adoption permitted. We will adopt the new standard on April 1, 2019 using the modified retrospective approach. Although the Company is in the process of evaluating the impact of this guidance on its consolidated financial statements, the Company currently believes the most significant change will be that most of its operating lease commitments will be recognized as right-of-use assets and lease liabilities of approximately $25.0 to $30.0 million on the Company's consolidated balance sheets upon adoption of this new guidance. The new guidance is not expected to have a material impact to the company's consolidated statements of operations. The Company does not anticipate that the adoption of any other recent accounting pronouncements will have a material impact on the Company's consolidated financial position, results of operations or cash flows.

SOFTWARE:

12 Months Ended

Mar. 31, 2019

Research and Development [Abstract]

SOFTWARE:

Software is summarized as follows (dollars in thousands):


	March 31,		March 31,
	2019		2018
Internally developed computer software	$	51,525	$	49,964
Acquired developed technology	54,000		54,000
	105,525		103,964
Less accumulated amortization	98,664		89,994
	$	6,861	$	13,970

The Company recorded amortization expense related to internally developed computer software of $8.4 million, $15.7 million, and $13.9 million for fiscal 2019, 2018 and 2017, respectively, including $6.2 million, $13.8 million, and $11.8 million, respectively, related to acquired developed technology as part of recent acquisitions.

RETIREMENT PLANS:	12 Months Ended
RETIREMENT PLANS:	Mar. 31, 2019
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. Through December 31, 2018, the Company matched 50% of the first 6% of employee’s annual aggregate contributions. Effective January 1, 2019 the Company matches 100% of the first 6% of 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 $2.9 million, $1.9 million, and $1.5 million in fiscal years 2019, 2018, and 2017, respectively. Included in both other current assets and other accrued liabilities are the assets and liabilities of the SNQDC Plan in the amount of $15.0 million and $13.6 million at March 31, 2019 and 2018, respectively.

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Income Statement [Abstract]
Revenues	$ 285,620	$ 220,101	$ 174,760
Cost of revenue	120,718	96,396	99,976
Gross profit	164,902	123,705	74,784
Operating expenses:
Research and development	85,697	60,713	49,367
Sales and marketing	158,540	108,639	59,258
General and administrative	98,878	85,154	92,898
Gains, losses and other items, net	19,933	2,723	4,673
Total operating expenses	363,048	257,229	206,196
Loss from operations	(198,146)	(133,524)	(131,412)
Total other income	18,790	502	652
Loss from continuing operations before income taxes	(179,356)	(133,022)	(130,760)
Income taxes (benefit)	(45,409)	(65,723)	(45,184)
Net loss from continuing operations	(133,947)	(67,299)	(85,576)
Earnings from discontinued operations, net of tax	1,162,494	90,779	89,684
Net earnings	$ 1,028,547	$ 23,480	$ 4,108
Basic earnings (loss) per share:
Basic earnings (loss) per share from continuing operations (in dollars per share)	$ (1.79)	$ (0.85)	$ (1.10)
Basic earnings (loss) per share from discontinued operations (in dollars per share)	15.50	1.15	1.16
Net basic earnings (loss) (in dollars per share)	13.71	0.30	0.05
Diluted earnings (loss) per share:
Diluted earnings (loss) per share from continuing operations (in dollars per share)	(1.79)	(0.85)	(1.10)
Diluted earnings (loss) per share from discontinued operations (in dollars per share)	15.50	1.15	1.16
Net diluted earnings (loss) per share (in dollars per share)	$ 13.71	$ 0.30	$ 0.05

ACQUISITIONS: (Details)		2 Months Ended	3 Months Ended	12 Months Ended
ACQUISITIONS: (Details)	Feb. 14, 2018 USD ($)	Mar. 31, 2018 USD ($)	Mar. 31, 2019 USD ($)	Mar. 31, 2019 USD ($) numberOfIncrement	Mar. 31, 2018 USD ($)	Mar. 31, 2017 USD ($)
Business Acquisition [Line Items]
Cash paid in acquisitions, net of cash acquired				$ 0	$ 4,478,000	$ 137,383,000
Number of increments \| numberOfIncrement				4
Non-cash stock-based compensation expense				$ 102,722,000	$ 52,867,000	$ 39,408,000
Pacific Data Partners LLC
Business Acquisition [Line Items]
Cash paid in acquisitions, net of cash acquired	$ 4,478,000
Funds held in escrow	500,000
Cash	$ 228,000
Annual payout, percentage				90.00%
Performance compensation plan, trading days				20 days
End of period annual payout, percentage				10.00%
Performance attainment payment			$ 0
Non-cash stock-based compensation expense		$ 17,800,000
Pacific Data Partners LLC \| Minimum
Business Acquisition [Line Items]
Performance attainment payment				$ 0.0
Pacific Data Partners LLC \| Maximum
Business Acquisition [Line Items]
Performance attainment payment				$ 65,000,000.0

COMMITMENTS AND CONTINGENCIES: - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Total rental expense on operating leases	$ 12,800	$ 9,500	$ 7,400
Future minimum lease payments under all noncancellable operating leases
2020	12,057
2021	11,253
2022	10,865
2023	5,160
2024	3,270
Thereafter	4,497
Future commitment for lease payments under noncancellable operating leases	$ 47,102

SOFTWARE: (Details) - USD ($) $ in Millions	12 Months Ended
SOFTWARE: (Details) - USD ($) $ in Millions	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Software
Amortization expense	$ 15.9	$ 23.9	$ 18.6
Developed technology (Software, net)
Software
Amortization expense	8.4	15.7	13.9
LiveRamp, Inc. \| Arbor and Circulate \| Developed technology (Software, net)
Software
Amortization expense	$ 6.2	$ 13.8	$ 11.8

COMMITMENTS AND CONTINGENCIES:

12 Months Ended

Mar. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES:

Legal Matters

The Company is involved in various claims and legal proceedings. 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 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. There are currently no matters pending against the Company or its subsidiaries for which the potential exposure is considered material to the Company’s consolidated financial statements.

Commitments

The Company leases office space and equipment under non-cancellable operating leases that expire at various dates through fiscal year 2026. Rent expense was $12.8 million, $9.5 million, and $7.4 million for the fiscal years ended March 31, 2019, 2018 and 2017, respectively.

Future minimum lease payments under all noncancellable operating leases as of March 31, 2019 are (dollars in thousands):


Year ending March 31,
2020	$	12,057
2021	11,253
2022	10,865
2023	5,160
2024	3,270
Thereafter	4,497

	$	47,102

DISCONTINUED OPERATIONS AND DISPOSITIONS: - Narrative (Details) - USD ($) $ in Millions		3 Months Ended	12 Months Ended
	Oct. 01, 2018	Mar. 31, 2019	Mar. 31, 2019	Mar. 31, 2017
Proceeds from Divestiture of Businesses, Net of Cash Divested [Abstract]
Incremental revenues			$ 9.0
Acxiom Marketing Solutions \| Discontinued Operations, Disposed of by Sale
Proceeds from Divestiture of Businesses, Net of Cash Divested [Abstract]
Proceeds from divestiture of businesses	$ 2,300.0
Adjustments and transaction costs	49.0
Repayments of debt	230.5
Gain (loss) on disposal of discontinued operation	$ 1,700.0	$ 17.6
Zeta Interactive \| Sale to Zeta
Proceeds from Divestiture of Businesses, Net of Cash Divested [Abstract]
Proceeds from divestiture of businesses				$ 22.0
Subordinated promissory note				$ 4.0
Interest rate, stated percentage				6.00%
Gain (loss) on disposition of business			0.3
Income tax benefit			$ 4.3

TOPIC 606 ADOPTION IMPACT AND REVENUE FROM CONTRACTS WITH CUSTOMERS: (Tables)

12 Months Ended

Mar. 31, 2019

Revenue from Contract with Customer [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

Impacts on Financial Statements


Consolidated Balance Sheet	Impact of changes in accounting policies
	As reported March 31, 2019		Adjustments		Balances without adoption of Topic 606
Deferred income taxes	35		2,556		2,591
Deferred commissions, net	10,741		(10,741)		—
Others	1,462,135		—		1,462,135
Total assets	$	1,472,911	$	(8,185)	$	1,464,726



Total liabilities	142,079		—		142,079

Retained earnings	1,669,605		(8,185)		1,661,420
Other equity	(338,773)		—		(338,773)
Total equity	1,330,832		(8,185)		1,322,647
Total liabilities and equity	$	1,472,911	$	(8,185)	$	1,464,726


Consolidated Statement of Operations	Impact of changes in accounting policies
	As reported for the fiscal year ended March 31, 2019		Adjustments		Balances without adoption of Topic 606
Revenues	$	285,620	$	—	$	285,620
Cost of revenue	120,718		—		120,718
Gross profit	$	164,902	$	—	$	164,902

Operating expenses:
Sales and marketing	$	158,540	$	4,298	$	162,838
Other operating expenses	204,508		—		204,508
Total operating expenses	363,048		4,298		367,346

Loss from operations	(198,146)		(4,298)		(202,444)
Total other income	18,790		—		18,790
Loss from continuing operations before income taxes	(179,356)		(4,298)		(183,654)
Income taxes (benefit)	(45,409)		(1,023)		(46,432)
Net loss from continuing operations	$	(133,947)	$	(3,275)	$	(137,222)


Consolidated Statement of Comprehensive Income	Impact of changes in accounting policies
	As reported for the fiscal year ended March 31, 2019		Adjustments		Balances without adoption of Topic 606
Net earnings	$	1,028,547	$	(3,275)	$	1,025,272
Other comprehensive loss:
Change in foreign currency translation adjustment	(2,966)		—		(2,966)
Comprehensive income	$	1,025,581	$	(3,275)	$	1,022,306


Consolidated Statement of Cash Flows	Impact of changes in accounting policies
	As reported for the fiscal year ended March 31, 2019		Adjustments		Balances without adoption of Topic 606
Net earnings	$	1,028,547	$	(3,275)	$	1,025,272
Earnings from discontinued operations	(1,162,494)		—		(1,162,494)
Adjustments for:
Deferred income taxes	9,894		(1,023)		8,871
Others	143,033		—		143,033
Changes in:
Accounts receivable, net	(44,411)		—		(44,411)
Deferred commissions	(4,298)		4,298		—
Other assets	(3,106)		—		(3,106)
Accounts payable and other liabilities	25,308		—		25,308
Income taxes	5,087		—		5,087
Deferred revenue	462		—		462
Net cash from operating activities	(1,978)		—		(1,978)
Net cash from investing activities	(11,142)		—		(11,142)
Net cash from financing activities	(841,508)		—		(841,508)
Net cash from discontinued operations	1,777,833		—		1,777,833
Effect of exchange rate changes on cash	(1,750)		—		(1,750)

Net change in cash and cash equivalents	921,455		—		921,455
Cash and cash equivalents at beginning of period	140,018		—		140,018
Cash and cash equivalents at end of period	$	1,061,473	$	—	$	1,061,473

Disaggregation of Revenue

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


	For the twelve months ended
Primary Geographical Markets	March 31, 2019		March 31, 2018		March 31, 2017
United States	$	262,135	$	197,613	$	162,231
Europe	18,566		18,397		9,298
APAC	4,919		4,091		3,231
	$	285,620	$	220,101	$	174,760

Major Offerings/Services
Subscription	236,718		172,079		114,531
Marketplace and Other	48,902		48,022		39,854
Impact	—		—		20,375
	$	285,620	$	220,101	$	174,760

TOPIC 606 ADOPTION IMPACT AND REVENUE FROM CONTRACTS WITH CUSTOMERS:

12 Months Ended

Mar. 31, 2019

Revenue from Contract with Customer [Abstract]

TOPIC 606 ADOPTION IMPACT AND REVENUE FROM CONTRACTS WITH CUSTOMERS:

On April 1, 2018, we adopted Topic 606 using the modified retrospective method applied to those contracts that were not completed as of April 1, 2018. Results for reporting periods beginning after April 1, 2018 are presented under Topic 606, while prior period amounts are not adjusted and continue to be reported in accordance with our historic reporting under Topic 605.

We recorded a net increase to our opening retained earnings of $12.7 million, net of tax, due to the cumulative impact of adopting Topic 606, with the impact primarily related to the capitalization of costs of obtaining customer contracts.

The details of the significant changes and quantitative impact of the changes are disclosed below.

Costs of Obtaining Customer Contracts

The Company previously recognized commission payments made for obtaining a contract as an operating expense when incurred. Under Topic 606, the Company capitalizes incremental costs to acquire contracts and amortizes them over the expected period of benefit, which we have determined to be four years. As of March 31, 2019, the unamortized contract costs were $10.7 million and are included in deferred commissions, net, in the consolidated balance sheet. Net capitalized costs of $4.3 million were recorded as a reduction to operating expense for the year ended March 31, 2019. No impairment was recognized for the year ended March 31, 2019.

Impacts on Financial Statements


Consolidated Balance Sheet	Impact of changes in accounting policies
	As reported March 31, 2019		Adjustments		Balances without adoption of Topic 606
Deferred income taxes	35		2,556		2,591
Deferred commissions, net	10,741		(10,741)		—
Others	1,462,135		—		1,462,135
Total assets	$	1,472,911	$	(8,185)	$	1,464,726



Total liabilities	142,079		—		142,079

Retained earnings	1,669,605		(8,185)		1,661,420
Other equity	(338,773)		—		(338,773)
Total equity	1,330,832		(8,185)		1,322,647
Total liabilities and equity	$	1,472,911	$	(8,185)	$	1,464,726


Consolidated Statement of Operations	Impact of changes in accounting policies
	As reported for the fiscal year ended March 31, 2019		Adjustments		Balances without adoption of Topic 606
Revenues	$	285,620	$	—	$	285,620
Cost of revenue	120,718		—		120,718
Gross profit	$	164,902	$	—	$	164,902

Operating expenses:
Sales and marketing	$	158,540	$	4,298	$	162,838
Other operating expenses	204,508		—		204,508
Total operating expenses	363,048		4,298		367,346

Loss from operations	(198,146)		(4,298)		(202,444)
Total other income	18,790		—		18,790
Loss from continuing operations before income taxes	(179,356)		(4,298)		(183,654)
Income taxes (benefit)	(45,409)		(1,023)		(46,432)
Net loss from continuing operations	$	(133,947)	$	(3,275)	$	(137,222)


Consolidated Statement of Comprehensive Income	Impact of changes in accounting policies
	As reported for the fiscal year ended March 31, 2019		Adjustments		Balances without adoption of Topic 606
Net earnings	$	1,028,547	$	(3,275)	$	1,025,272
Other comprehensive loss:
Change in foreign currency translation adjustment	(2,966)		—		(2,966)
Comprehensive income	$	1,025,581	$	(3,275)	$	1,022,306


Consolidated Statement of Cash Flows	Impact of changes in accounting policies
	As reported for the fiscal year ended March 31, 2019		Adjustments		Balances without adoption of Topic 606
Net earnings	$	1,028,547	$	(3,275)	$	1,025,272
Earnings from discontinued operations	(1,162,494)		—		(1,162,494)
Adjustments for:
Deferred income taxes	9,894		(1,023)		8,871
Others	143,033		—		143,033
Changes in:
Accounts receivable, net	(44,411)		—		(44,411)
Deferred commissions	(4,298)		4,298		—
Other assets	(3,106)		—		(3,106)
Accounts payable and other liabilities	25,308		—		25,308
Income taxes	5,087		—		5,087
Deferred revenue	462		—		462
Net cash from operating activities	(1,978)		—		(1,978)
Net cash from investing activities	(11,142)		—		(11,142)
Net cash from financing activities	(841,508)		—		(841,508)
Net cash from discontinued operations	1,777,833		—		1,777,833
Effect of exchange rate changes on cash	(1,750)		—		(1,750)

Net change in cash and cash equivalents	921,455		—		921,455
Cash and cash equivalents at beginning of period	140,018		—		140,018
Cash and cash equivalents at end of period	$	1,061,473	$	—	$	1,061,473

Disaggregation of Revenue

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


	For the twelve months ended
Primary Geographical Markets	March 31, 2019		March 31, 2018		March 31, 2017
United States	$	262,135	$	197,613	$	162,231
Europe	18,566		18,397		9,298
APAC	4,919		4,091		3,231
	$	285,620	$	220,101	$	174,760

Major Offerings/Services
Subscription	236,718		172,079		114,531
Marketplace and Other	48,902		48,022		39,854
Impact	—		—		20,375
	$	285,620	$	220,101	$	174,760

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 $345.0 million as of March 31, 2019. The Company expects to recognize revenue on substantially all of these remaining performance obligations by March 31, 2024 with the balance recognized thereafter.

ACQUISITIONS:

12 Months Ended

Mar. 31, 2019

Business Combinations [Abstract]

ACQUISITIONS:

Pacific Data Partners

On February 14, 2018, the Company acquired all the outstanding units of Pacific Data Partners LLC ("PDP") in order to accelerate its ability to power people-based B2B marketing. The Company paid approximately $4.5 million in cash, net of $0.5 million funds held in escrow and $0.2 million cash acquired. The escrow funds are expected to be delivered to the PDP sellers 18 months from the acquisition date. The Company omitted pro forma disclosures related to this acquisition as the pro forma effect of this acquisition is not material. The results of operations of this acquisition are included in the Company's consolidated results beginning February 14, 2018.

The following table presents the purchase price allocation related to assets acquired and liabilities assumed (dollars in thousands):


	February 14, 2018
Assets acquired:
Cash	$	228
Trade accounts receivable	224
Developed technology (Software, net)	2,000
Goodwill	3,260
Intangible assets (Other assets)	200
Total assets acquired	5,912

Accounts payable and accrued expenses	(706)
Net assets acquired	5,206
Less:
Funds held in escrow	(500)
Cash acquired	(228)
Net cash paid	$	4,478

The fair values assigned to tangible and identifiable intangible assets acquired and liabilities assumed were based on calculations and valuations using management’s estimates and assumptions and were based on the information that was available as of the date of acquisition.

In connection with the PDP acquisition, the Company assumed the outstanding performance compensation plan under the 2018 Equity Compensation Plan of Pacific Data Partners, LLC ("PDP PSU plan"). Under the PDP PSU plan, performance compensation will be paid to plan participants in four annual increments based on attainment of certain Connectivity B2B run rate revenue targets for the performance period covering April 1, 2018 to March 31, 2022. Each annual payout will be determined at the close of each fiscal year within the performance period, on a

cumulative basis. The amount of each annual payout will be settled in shares of Company common stock. The number of shares of Company common stock issued to participants will be equal to 90% of the annual payout divided by the volume weighted average stock price for the 20 trading days prior to, and ending on, the end of each annual performance period, plus, 10% of the annual payout divided by the volume weighted average stock price for the 20 trading days prior to, and ending on, the date of the closing of the acquisition. Total performance attainment may result in combined payouts ranging from $0.0 million to $65.0 million. There was no payment due as of March 31, 2019

The performance compensation paid under the PDP PSU plan will be recorded as non-cash stock-based compensation as it is attributable to post-combination service (see Note 13 - Stockholders' Equity). The non-cash stock-based compensation expense will be recognized over the requisite service and performance period based on expected attainment. 90% of the performance compensation will be settleable in a number of shares calculated using a variable 20-day stock price factor, determined in future periods, and will be classified as a liability-based equity award. As of each reporting date, 90% of any recognized, but unpaid portions of the performance compensation plan will be recorded in other accrued expenses in the consolidated balance sheets. The remaining 10% of the performance compensation will be classified as an equity-based equity award.

- Purchase price allocation related to assets acquired and liabilities assumed (Details) - USD ($) $ in Thousands		12 Months Ended
	Feb. 14, 2018	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Business Acquisition [Line Items]
Goodwill		$ 204,656	$ 203,639	$ 200,393
Net cash paid		$ 0	$ 4,478	$ 137,383
Pacific Data Partners LLC
Business Acquisition [Line Items]
Cash	$ 228
Trade accounts receivable	224
Developed technology (Software, net)	2,000
Goodwill	3,260
Intangible assets (Other assets)	200
Total assets acquired	5,912
Accounts payable and accrued expenses	(706)
Net assets acquired	5,206
Funds held in escrow	(500)
Net cash paid	$ 4,478

INCOME TAXES: - Reconciliation of Expected Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Computed expected income tax (benefit)	$ (37,665)	$ (41,967)	$ (45,766)
Increase (reduction) in income taxes resulting from:
State income taxes, net of federal benefit	(5,998)	(3,329)	(2,045)
Research and other tax credits	(3,141)	(1,229)	(1,174)
Effect of federal rate change on deferred taxes	0	(24,565)	0
Nondeductible expenses	426	431	418
Stock-based compensation	(5,350)	4,452	2,150
Non-U.S. subsidiaries taxed at other rates	1,343	332	714
Adjustment to valuation allowances	5,204	0	0
Other, net	(228)	152	519
Total income tax expense (benefit)	$ (45,409)	$ (65,723)	$ (45,184)

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: - Earnings (Loss) per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY:
Net loss from continuing operations									$ (133,947)	$ (67,299)	$ (85,576)
Earnings from discontinued operations, net of tax	$ 4,227	$ 1,071,661	$ 61,803	$ 24,803	$ 24,185	$ 19,824	$ 21,855	$ 24,915	1,162,494	90,779	89,684
Net earnings	$ (45,461)	$ 1,056,400	$ 20,623	$ (3,015)	$ 5,175	$ 22,941	$ (3,336)	$ (1,300)	$ 1,028,547	$ 23,480	$ 4,108
Basic earnings (loss) per share:
Basic weighted-average shares outstanding									75,020,000	78,891,000	77,609,000
Continuing operations (in dollars per share)	$ (0.73)	$ (0.20)	$ (0.53)	$ (0.36)	$ (0.24)	$ 0.04	$ (0.32)	$ (0.33)	$ (1.79)	$ (0.85)	$ (1.10)
Discontinued operations (in dollars per share)	0.06	13.85	0.80	0.32	0.31	0.25	0.28	0.32	15.50	1.15	1.16
Net basic earnings (loss) (in dollars per share)	(0.67)	13.65	0.27	(0.04)	0.07	0.29	(0.04)	(0.02)	$ 13.71	$ 0.30	$ 0.05
Diluted earnings (loss) per share:
Diluted weighted-average shares outstanding									75,020,000	78,891,000	77,609,000
Continuing operations (in dollars per share)	(0.73)	(0.20)	(0.53)	(0.36)	(0.24)	0.04	(0.32)	(0.33)	$ (1.79)	$ (0.85)	$ (1.10)
Discontinued operations (in dollars per share)	0.06	13.85	0.80	0.32	0.31	0.24	0.28	0.32	15.50	1.15	1.16
Net diluted earnings (loss) per share (in dollars per share)	$ (0.67)	$ 13.65	$ 0.27	$ (0.04)	$ 0.07	$ 0.28	$ (0.04)	$ (0.02)	$ 13.71	$ 0.30	$ 0.05
Stockholders' Equity
Number of shares outstanding under options, warrants and restricted stock units (in shares)									3,400,000	2,600,000	2,200,000
Options, warrants and restricted stock units, additional group
Stockholders' Equity
Number of shares outstanding under options, warrants and restricted stock units (in shares)									227,000	20,000	90,000
Options, warrants and restricted stock units, additional group \| Minimum
Stockholders' Equity
Range of exercise prices for options (in dollars per share)										$ 32.85	$ 27.77
Options, warrants and restricted stock units, additional group \| Maximum
Stockholders' Equity
Range of exercise prices for options (in dollars per share)										$ 32.85	$ 32.85

RESTRUCTURING, IMPAIRMENT AND OTHER CHARGES: (Tables)

12 Months Ended

Mar. 31, 2019

Restructuring and Related Activities [Abstract]

Summary of restructuring activity

The following table summarizes the restructuring activity included in gains, losses and other items, net in the consolidated statements of operations for the fiscal years ended March 31, 2019, 2018 and 2017 (dollars in thousands):


	Associate-related		Lease
	reserves		accruals		Total
March 31, 2016	$	664	$	3,488	$	4,152
Restructuring charges and adjustments	33		3,007		3,040
Payments	(375)		(2,187)		(2,562)
March 31, 2017	322		4,308		4,630
Restructuring charges and adjustments	182		2,564		2,746
Payments	38		(1,584)		(1,546)
March 31, 2018	542		5,288		5,830
Restructuring charges and adjustments	6,163		1,582		7,745
Payments	(2,110)		(1,182)		(3,292)
March 31, 2019	$	4,595	$	5,688	$	10,283

Schedule of gains, losses and other items

Gains, losses and other items for each of the years presented are as follows (dollars in thousands):


	2019		2018		2017
Restructuring plan charges and adjustments	$	7,745	$	2,746	$	3,040
Other restructuring charges	12,188		—		2,125
Other	—		(23)		(492)



	$	19,933	$	2,723	$	4,673

RESTRUCTURING, IMPAIRMENT AND OTHER CHARGES: - Gains, Losses and Other Items (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Restructuring and Related Activities [Abstract]
Restructuring plan charges and adjustments	$ 7,745	$ 2,746	$ 3,040
Other restructuring charges	12,188	0	2,125
Write-off of accumulated foreign currency translation in Brazil	0	(23)	(492)
Gains, losses and other items, net	$ 19,933	$ 2,723	$ 4,673

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (Tables)

12 Months Ended

Mar. 31, 2019

Accounting Policies [Abstract]

Reconciliation of numerator and denominator of basic and diluted earnings (loss) per share

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


	2019		2018		2017
Net loss from continuing operations	$	(133,947)	$	(67,299)	$	(85,576)
Earnings from discontinued operations, net of tax	$	1,162,494	$	90,779	$	89,684
Net earnings	$	1,028,547	$	23,480	$	4,108
Basic earnings (loss) per share:
Basic weighted-average shares outstanding	75,020		78,891		77,609
Basic earnings (loss) per share:
Continuing operations	$	(1.79)	$	(0.85)	$	(1.10)
Discontinued operations	15.50		1.15		1.16
Net earnings	$	13.71	$	0.30	$	0.05
Diluted earnings (loss) per share:


Diluted weighted-average shares outstanding	75,020		78,891		77,609
Diluted earnings (loss) per share:
Continuing operations	$	(1.79)	$	(0.85)	$	(1.10)
Discontinued operations	15.50		1.15		1.16
Net earnings	$	13.71	$	0.30	$	0.05

Schedule of anti-dilutive options, warrants and restricted stock units excluded from computation of earnings (loss) per share

Additional options to purchase shares of common stock and restricted stock units that were outstanding during the periods presented but were not included in the computation of diluted earnings per share because the effect was anti-dilutive are shown below (in thousands, except per share amounts):


	2019						2018							2017
Number of shares outstanding under options and restricted stock units	227						20							90
Range of exercise prices for options	NA	-	NA	$	32.85	-	$	32.85	$	27.77	-	$	32.85

Summary of activity of allowance for doubtful accounts, returns and credits

A summary of the activity of the allowance for doubtful accounts, returns and credits is as follows (dollars in thousands):


							Bad debts
	Balance at		Additions				written off,
	beginning		charged to				net of		Balance at
	of		costs and		Other		amounts		end of
	period		expenses		changes		recovered		period
2017:
Allowance for doubtful accounts, returns and credits	$	3,282	$	296	$	(30)	$	(1,411)	$	2,137
2018:
Allowance for doubtful accounts, returns and credits	$	2,137	$	1,214	$	123	$	(292)	$	3,182
2019:
Allowance for doubtful accounts, returns and credits	$	3,182	$	3,069	$	(92)	$	(3,152)	$	3,007

Schedule of Acquired Finite-Lived Intangible Assets by Major Class


						Weighted Average Useful Life (years)
Developed technology						4
Customer relationships						6
Publisher relationships						6

RETIREMENT PLANS: - (Details) - USD ($) $ in Thousands		12 Months Ended
RETIREMENT PLANS: - (Details) - USD ($) $ in Thousands	Jan. 01, 2019	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Defined Contribution Plan Disclosure [Line Items]
Matching contribution of first 6% of employees' annual aggregate contributions (as a percent )	100.00%	50.00%
Percentage of employees' contributions matched by the company	6.00%	6.00%
Contributions to qualified 401(k) and SNQDC plans		$ 2,900	$ 1,900	$ 1,500
Liabilities of non-qualified retirement plan (see Note 6 - Other Current and Noncurrent Assets)		14,970	13,551
SNQDC Plan
Defined Contribution Plan Disclosure [Line Items]
Assets of non-qualified retirement plan		15,000	15,000
Liabilities of non-qualified retirement plan (see Note 6 - Other Current and Noncurrent Assets)		$ 13,600	$ 13,600

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional paid-in Capital	Retained earnings	Accumulated other comprehensive income	Treasury Stock
Balances at the beginning of the period at Mar. 31, 2016	$ 698,968	$ 13,039	$ 1,082,220	$ 598,501	$ 8,590	$ (1,003,382)
Balances at the beginning of the period (in shares) at Mar. 31, 2016		130,390,106				(53,030,682)
Increase (Decrease) in Stockholders' Equity
Employee stock awards, benefit plans and other issuances	15,709	$ 123	21,007			$ (5,421)
Employee stock awards, benefit plans and other issuances (in shares)		1,233,566				(236,870)
Tax impact of stock options and restricted stock	2,183		2,183
Non-cash stock-based compensation	49,145	$ 24	49,121
Non-cash share-based compensation from continuing operations (in shares)		236,162
Restricted stock units vested		$ 102	(102)
Restricted stock units vested (in shares)		1,015,539
Acquisition of treasury stock	(30,542)					$ (30,542)
Acquisition of treasury stock (in shares)						(1,314,840)
Non-cash stock-based compensation	49,100
Comprehensive income (loss):
Foreign currency translation	(706)				(706)
Unrealized gain on interest rate swap	115				115
Net earnings	4,108			4,108
Balances at the end of the period at Mar. 31, 2017	738,980	$ 13,288	1,154,429	602,609	7,999	$ (1,039,345)
Balances at the end of the period (in shares) at Mar. 31, 2017		132,875,373				(54,582,392)
Increase (Decrease) in Stockholders' Equity
Employee stock awards, benefit plans and other issuances	8,665	$ 105	19,622			$ (11,062)
Employee stock awards, benefit plans and other issuances (in shares)		1,054,754				(420,419)
Restricted stock units vested		$ 153	(153)
Restricted stock units vested (in shares)		1,521,341
Acquisition of treasury stock	(88,884)					$ (88,884)
Acquisition of treasury stock (in shares)						(3,302,106)
Non-cash stock-based compensation	61,460	$ 63	61,397
Non-cash stock-based compensation (in shares)		628,208
Comprehensive income (loss):
Foreign currency translation	2,768				2,768
Net earnings	23,480			23,480
Balances at the end of the period at Mar. 31, 2018	749,095	$ 13,609	1,235,679	628,331	10,767	$ (1,139,291)
Balances at the end of the period (in shares) at Mar. 31, 2018		136,079,676				(58,304,917)
Increase (Decrease) in Stockholders' Equity
Employee stock awards, benefit plans and other issuances	(30,101)	$ 133	20,286			$ (50,520)
Employee stock awards, benefit plans and other issuances (in shares)		1,330,757				(1,202,243)
Restricted stock units vested	0	$ 404	(404)
Restricted stock units vested (in shares)		4,039,749
Acquisition of treasury stock	(74,421)					$ (74,421)
Acquisition of treasury stock (in shares)						(2,428,265)
Non-cash stock-based compensation	151,344	$ 41	151,303
Non-cash stock-based compensation (in shares)		415,706
Comprehensive income (loss):
Foreign currency translation	(2,966)				(2,966)
Net earnings	1,028,547			1,028,547
Warrant exercises	0		(51)			$ 51
Warrant exercises (in shares)						3,488
Acquisition of treasury stock from tender offer	(503,393)					$ (503,393)
Acquisition of treasury stock from tender offer (in shares)						(11,235,955)
Balances at the end of the period at Mar. 31, 2019	$ 1,330,832	$ 14,187	$ 1,406,813	$ 1,669,605	$ 7,801	$ (1,767,574)
Balances at the end of the period (in shares) at Mar. 31, 2019		141,865,888				(73,167,892)

INCOME TAXES: (Tables)

12 Months Ended

Mar. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of allocation of total income tax expense (benefit)

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


	2019		2018		2017
Continuing operations	$	(45,409)	$	(65,723)	$	(45,184)
Discontinued operations	470,346		42,952		49,718
Stockholders’ equity:
Excess tax benefits from stock-based compensation	—		—		(2,183)
	$	424,937	$	(22,771)	$	2,351

Schedule of income tax expense (benefit) attributable to loss from continuing operations

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


	2019		2018		2017
Current:
U.S. Federal	$	(39,534)	$	(33,626)	$	(33,289)
Non-U.S.	323		115		188
State	(16,092)		(4,414)		(976)
	(55,303)		(37,925)		(34,077)
Deferred:
U.S. Federal	1,245		(26,884)		(8,934)
Non-U.S.	149		21		(3)
State	8,500		(935)		(2,170)
	9,894		(27,798)		(11,107)
Total	$	(45,409)	$	(65,723)	$	(45,184)

Schedule of loss before income tax attributable to U.S. and non-U.S. continuing operations

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


	2019		2018		2017
U.S.	$	(174,867)	$	(132,552)	$	(128,646)
Non-U.S.	(4,489)		(470)		(2,114)
Total	$	(179,356)	$	(133,022)	$	(130,760)

Schedule of reconciliation of expected income tax benefit computed using U.S. federal statutory income tax rate to actual income tax expense (benefit) from continuing operations


	2019		2018		2017
Computed expected income tax (benefit)	$	(37,665)	$	(41,967)	$	(45,766)
Increase (reduction) in income taxes resulting from:
State income taxes, net of federal benefit	(5,998)		(3,329)		(2,045)
Research and other tax credits	(3,141)		(1,229)		(1,174)
Effect of federal rate change on deferred taxes	—		(24,565)		—
Nondeductible expenses	426		431		418

Stock-based compensation	(5,350)		4,452		2,150
Non-U.S. subsidiaries taxed at other rates	1,343		332		714
Adjustment to valuation allowances	5,204		—		—


Other, net	(228)		152		519
	$	(45,409)	$	(65,723)	$	(45,184)

Schedule of components of deferred tax assets and liabilities


	2019		2018
Deferred tax assets:
Accrued expenses	$	3,332	$	5,737
Deferred revenue	19		437
Net operating loss carryforwards	13,638		40,783
Stock-based compensation	10,770		10,884
Nonqualified deferred compensation	3,147		3,217
Capital loss carryforward	—		2,099
Tax credit carryforwards	—		13,427
Other	3,102		185
Total deferred tax assets	34,008		76,769
Less valuation allowance	(18,947)		(38,321)
Net deferred tax assets	15,061		38,448
Deferred tax liabilities:
Prepaid expenses	$	(1,222)	$	(4,111)
Capitalized software costs	(636)		(7,343)
Property and equipment	(440)		(6,304)
Intangible assets	(5,631)		(42,402)
Deferred commissions	(2,586)		—
Accrued expenses	(4,550)		(7,828)
Total deferred tax liabilities	(15,065)		(67,988)
Net deferred tax liabilities	$	(4)	$	(29,540)

Schedule of changes in total gross unrecognized tax benefits

The following table sets forth changes in the total gross unrecognized tax benefits for the fiscal years ended March 31, 2019, 2018 and 2017 (dollars in thousands):


	2019		2018		2017
Balance at beginning of period	$	15,415	$	12,870	$	10,906
Increases related to prior year tax positions	325		1,134		307
Decreases related to prior year tax positions	(292)		(208)		(466)
Increases related to current year tax positions	5,483		3,172		2,123

Lapse of statute of limitations	(1,331)		(1,553)		—
Balance at end of period	$	19,600	$	15,415	$	12,870

OTHER CURRENT AND NONCURRENT ASSETS: (Tables)

12 Months Ended

Mar. 31, 2019

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,		March 31,
	2019		2018
Prepaid expenses and other	$	9,058	$	6,622
Post-closing receivable from IPG (see Note 5 - Discontinued Operations and Dispositions)	17,625		—
Interest receivable	2,497		—
Assets of non-qualified retirement plan (see Note 7 - Other Accrued Expenses)	14,970		13,551
Other current assets	$	44,150	$	20,173

Schedule of components of other noncurrent assets

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


	March 31,		March 31,
	2019		2018
Acquired intangible assets, net	$	24,217	$	33,911
Other miscellaneous noncurrent assets	8,282		3,943
Other assets, net	$	32,499	$	37,854

STOCKHOLDERS' EQUITY: - ESPP (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Share-based Activity - Other disclosures
Number of shares available for issuance	12,100,000
ESPP
Share-based Activity - Other disclosures
Number of shares available for issuance	600,000
Shares purchased by the employees	276,475
Share-based compensation expense	$ 0.4	$ 0.2	$ 0.3

FAIR VALUE OF FINANCIAL INSTRUMENTS: (Tables)

12 Months Ended

Mar. 31, 2019

Fair Value Disclosures [Abstract]

Schedule of financial assets and liabilities measured at fair value

The following table presents the balances of assets measured at fair value as of March 31, 2019 and 2018 (dollars in thousands):


As of March 31, 2019	Level 1		Level 2		Level 3		Total
Assets:
Other current assets	$	14,970	$	—	$	—	$	14,970
Total assets	$	14,970	$	—	$	—	$	14,970

As of March 31, 2018	Level 1		Level 2		Level 3		Total
Assets:
Other current assets	$	13,551	$	—	$	—	$	13,551
Total assets	$	13,551	$	—	$	—	$	13,551

STOCKHOLDERS' EQUITY: - Share-based Compensation Plans & Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Restricted Stock Unit Activity - Other disclosures
Total shares reserved for issuance since inception of the stock option and equity compensation plans (in shares)	42,300,000
Shares which remained available for future grants (in shares)	12,100,000
Stock options
Stock Option Activity - Number of Shares
Outstanding at beginning of the period (in shares)	2,456,184
Exercised (in shares)	(1,056,163)
Forfeited or cancelled (in shares)	(25,591)
Outstanding at end of the period (in shares)	1,374,430	2,456,184
Exercisable at the end of the period (in shares)	1,213,177
Weighted-average exercise price per share
Outstanding at the beginning of the period (in dollars per share)	$ 13.30
Exercised (in dollars per share)	11.20
Forfeited or cancelled (in dollars per share)	18.64
Outstanding at the end of the period (in dollars per share)	14.81	$ 13.30
Exercisable at the end of the period (in dollars per share)	$ 15.67
Weighted-average remaining contractual term
Outstanding at the end of the period	4 years 6 months
Exercisable at the end of the period	4 years 2 months 12 days
Aggregate intrinsic value
Exercised	$ 35,337	$ 6,500	$ 7,700
Outstanding at the end of the period	54,950
Exercisable at the end of the period	$ 47,462

INCOME TAXES: - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2019
Income Tax Examination [Line Items]
Effective income tax rate reconciliation, at federal statutory income tax rate, percent	31.50%
Capital loss carryforward	$ 2,099	$ 0
Deferred tax assets, valuation allowance	$ 38,321	18,947
Unrecognized tax benefits that would impact effective tax rate		19,600
Unrecognized tax benefits, income tax penalties and interest accrued		400
Decrease in unrecognized tax benefits is reasonably possible		800
Internal Revenue Service (IRS)
Income Tax Examination [Line Items]
Operating loss carryforwards		8,300
Foreign Tax Authority
Income Tax Examination [Line Items]
Operating loss carryforwards		37,400
State and Local Jurisdiction
Income Tax Examination [Line Items]
Operating loss carryforwards		22,600
Indefinite Tax Year \| Foreign Tax Authority
Income Tax Examination [Line Items]
Operating loss carryforwards		$ 33,900

DISCONTINUED OPERATIONS AND DISPOSITIONS: - The carrying amounts of the major classes of assets and liabilities of AMS (Details) - Acxiom Marketing Solutions - Discontinued operations, held-for-sale or disposed of by sale $ in Thousands	Mar. 31, 2018 USD ($)
Assets
Cash and cash equivalents	$ 2,261
Trade accounts receivable, net	115,141
Other current assets	20,972
Property and equipment, net	124,193
Software, net	21,014
Goodwill	392,356
Purchased software licenses, net	7,502
Deferred income taxes	1,522
Other assets, net	3,815
Assets held for sale	688,776
Disposal Group, Including Discontinued Operation, Liabilities [Abstract]
Trade accounts payable	27,929
Accrued payroll and related expenses	28,725
Other accrued expenses	16,241
Deferred revenue	27,214
Income taxes payable	244
Other liabilities	3,707
Liabilities held for sale	$ 104,060

FOREIGN OPERATIONS: (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
FOREIGN OPERATIONS: (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Financial information by geographic area
Revenues	$ 78,316	$ 80,021	$ 64,812	$ 62,471	$ 60,210	$ 59,121	$ 54,013	$ 46,757	$ 285,620	$ 220,101	$ 174,760
Long-lived assets excluding financial instruments	280,835				848,908				280,835	848,908
United States
Financial information by geographic area
Revenues									262,135	197,613	162,231
Long-lived assets excluding financial instruments	276,189				824,673				276,189	824,673
Foreign
Financial information by geographic area
Revenues									23,485	22,488	12,529
Long-lived assets excluding financial instruments	4,646				24,235				4,646	24,235
Europe
Financial information by geographic area
Revenues									18,566	18,397	9,298
Long-lived assets excluding financial instruments	757				8,990				757	8,990
APAC
Financial information by geographic area
Revenues									4,919	4,091	$ 3,231
Long-lived assets excluding financial instruments	$ 3,889				$ 15,245				$ 3,889	$ 15,245

PROPERTY AND EQUIPMENT: (Tables)

12 Months Ended

Mar. 31, 2019

Property, Plant and Equipment [Abstract]

Summary of property and equipment

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


	March 31,		March 31,
	2019		2018
Leasehold improvements	$	20,097	$	15,635
Data processing equipment	37,678		39,938
Office furniture and other equipment	7,077		6,780
	64,852		62,353
Less accumulated depreciation and amortization	38,809		30,013
	$	26,043	$	32,340

TOPIC 606 ADOPTION IMPACT AND REVENUE FROM CONTRACTS WITH CUSTOMERS: Narrative (Details) - USD ($)	12 Months Ended
	Mar. 31, 2019	Apr. 01, 2018	Mar. 31, 2018
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Retained earnings	$ 1,669,605,000		$ 628,331,000
Unamortized contract costs	10,700,000
Capitalized contract cost, net	4,300,000
Contract with customer, asset, credit loss expense	$ 0
ASC 606 Adjustments \| Adjustments due to Topic 606
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Retained earnings		$ 12,700,000

DISCONTINUED OPERATIONS AND DISPOSITIONS: - Reconciliation of the major classes of line items constituting earnings from discontinued operations (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Discontinued operations
Income taxes									$ 470,346	$ 42,952	$ 49,718
Earnings from discontinued operations, net of tax	$ 4,227	$ 1,071,661	$ 61,803	$ 24,803	$ 24,185	$ 19,824	$ 21,855	$ 24,915	1,162,494	90,779	89,684
Acxiom Marketing Solutions \| Discontinued operations, held-for-sale or disposed of by sale
Discontinued operations
Revenues									332,185	697,305	705,487
Cost of revenue									213,512	370,040	377,710
Gross profit									118,673	327,265	327,777
Research and development									21,621	34,160	32,742
Sales and marketing									60,743	106,960	107,418
General and administrative									71,500	38,372	36,816
Gain on sale of discontinued operations									(1,673,636)	3,650	3,700
Total operating expenses									(1,519,772)	183,142	180,676
Earnings from discontinued operations									1,638,445	144,123	147,101
Interest expense									(5,702)	(10,131)	(7,381)
Other, net									97	(261)	(318)
Earnings from discontinued operations before income taxes									1,632,840	133,731	139,402
Income taxes									470,346	42,952	49,718
Earnings from discontinued operations, net of tax									$ 1,162,494	$ 90,779	$ 89,684

RESTRUCTURING, IMPAIRMENT AND OTHER CHARGES:

12 Months Ended

Mar. 31, 2019

Restructuring and Related Activities [Abstract]

RESTRUCTURING, IMPAIRMENT AND OTHER CHARGES:


	Associate-related		Lease
	reserves		accruals		Total
March 31, 2016	$	664	$	3,488	$	4,152
Restructuring charges and adjustments	33		3,007		3,040
Payments	(375)		(2,187)		(2,562)
March 31, 2017	322		4,308		4,630
Restructuring charges and adjustments	182		2,564		2,746
Payments	38		(1,584)		(1,546)
March 31, 2018	542		5,288		5,830
Restructuring charges and adjustments	6,163		1,582		7,745
Payments	(2,110)		(1,182)		(3,292)
March 31, 2019	$	4,595	$	5,688	$	10,283

Restructuring Plans

In fiscal 2019, the Company recorded a total of $7.7 million in restructuring charges and adjustments included in gains, losses and other items, net in the consolidated statement of operations. The fiscal year 2019 expense included restructuring plans primarily for associates in the United States and Asia-Pacific of $6.1 million, lease accruals and adjustments of $0.8 million, and leasehold improvement write-offs of $0.8 million. Of the associate related accruals of $6.1 million, $4.3 million remained accrued at March 31, 2019. The associate-related costs are expected to be paid out in fiscal 2020.

In fiscal 2018, the Company recorded a total of $2.7 million in restructuring charges and adjustments included in gains, losses and other items, net in the consolidated statement of operations. The expense included severance and other associate-related charges of $0.2 million, and lease accruals and adjustments of $2.5 million. The associate-related accruals of $0.2 million were paid out in fiscal 2019. The lease accruals and adjustments of 2.5 million result from the Company's exit from certain leased office facilities.

In fiscal 2017, the Company recorded a total of $3.0 million in restructuring charges and adjustments included in gains, losses and other items, net in the consolidated statement of operations. The expense included lease accruals and adjustments of $3.0 million resulting from the Company's exit from certain leased office facilities ($1.5 million) and adjustments to estimates related to the fiscal 2015 lease accruals ($1.5 million).

In fiscal 2015, the Company recorded a total of $9.3 million in restructuring charges and adjustments included in gains, losses and other items, net in the consolidated statement of operations. The expense included severance and other associate-related charges of $2.6 million, lease accruals of $4.7 million, and the write-off of leasehold improvements of $2.0 million. Of the associate-related accruals of $2.6 million, $0.3 million remained accrued as of March 31, 2019. These amounts are expected to be paid out in fiscal 2021.

With respect to the lease accruals described above, the Company intends to sublease the facilities to the extent possible. The liabilities will be satisfied over the remainder of the leased properties' terms, which continue through

November 2025. Of the total amount accrued, $5.7 million remained accrued as of March 31, 2019. Actual sublease receipts may differ from the estimates originally made by the Company. Any future changes in the estimates or in the actual sublease income could require future adjustments to the liabilities, which would impact net earnings (loss) in the period the adjustment is recorded.

Gains, Losses and Other Items

Gains, losses and other items for each of the years presented are as follows (dollars in thousands):


	2019		2018		2017
Restructuring plan charges and adjustments	$	7,745	$	2,746	$	3,040
Other restructuring charges	12,188		—		2,125
Other	—		(23)		(492)



	$	19,933	$	2,723	$	4,673

LONG-TERM DEBT: (Tables)

12 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Schedule of components of long-term debt

Long-term debt consists of the following (dollars in thousands):


	March 31,
	2018
Revolving credit borrowings	$	230,000
Other debt	3,293
Total long-term debt	233,293
Less current installments	1,583
Less deferred debt financing costs	3,873
Long-term debt, excluding current installments and deferred debt financing costs	$	227,837

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details

GOODWILL AND INTANGIBLE ASSETS: - Amounts allocated to intangible assets from acquisitions (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Mar. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	$ 113,600	$ 113,600
Accumulated amortization	(85,008)	(69,072)
Total finite-lived intangible assets, net	28,592	44,528
Developed technology (Software, net)
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	54,000	54,000
Accumulated amortization	(49,625)	(43,383)
Total finite-lived intangible assets, net	4,375	10,617
Trade names
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	35,800	35,800
Accumulated amortization	(26,128)	(20,400)
Total finite-lived intangible assets, net	9,672	15,400
Publisher relationship
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	23,800	23,800
Accumulated amortization	(9,255)	(5,289)
Total finite-lived intangible assets, net	$ 14,545	$ 18,511

DISCONTINUED OPERATIONS AND DISPOSITIONS: - Revenues and income (loss) from operations from the disposed Impact (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Discontinued operations
Loss from operations	$ (179,356)	$ (133,022)	$ (130,760)
Zeta Interactive \| Sale to Zeta
Discontinued operations
Revenues			20,375
Loss from operations			$ (157)

ACQUISITIONS: (Tables)

12 Months Ended

Mar. 31, 2019

Pacific Data Partners LLC

Schedule of estimated fair values of assets acquired and liabilities assumed

The following table presents the purchase price allocation related to assets acquired and liabilities assumed (dollars in thousands):


	February 14, 2018
Assets acquired:
Cash	$	228
Trade accounts receivable	224
Developed technology (Software, net)	2,000
Goodwill	3,260
Intangible assets (Other assets)	200
Total assets acquired	5,912

Accounts payable and accrued expenses	(706)
Net assets acquired	5,206
Less:
Funds held in escrow	(500)
Cash acquired	(228)
Net cash paid	$	4,478

DISCONTINUED OPERATIONS AND DISPOSITIONS:

12 Months Ended

Mar. 31, 2019

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS AND DISPOSITIONS:

During fiscal 2019, the Company entered into a definitive agreement to sell AMS to The Interpublic Group of Companies, Inc. (“IPG”) for $2.3 billion in cash. Shareholder approval was received on September 20, 2018, and the Company began reporting the results of operations, cash flows, and the balance sheet amounts pertaining to AMS as a component of discontinued operations in the consolidated financial statements as of the second quarter of fiscal 2019. Prior to the discontinued operations classification, the AMS business was included in the AMS segment in the Company’s segment results. The sale was completed on October 1, 2018. At the closing of the transaction, the Company received total consideration of $2.3 billion ($2.3 billion stated sales price less closing adjustments, transaction costs and other items of $49.0 million). Additionally, the Company applied $230.5 million of proceeds from the sale to repay outstanding Company debt and related interest. The Company reported a gain of $1.7 billion on the sale, which is included in earnings from discontinued operations, net of tax. The gain on sale includes a $17.6 million increase in the fourth quarter of fiscal 2019 based on the final purchase price statement delivered by IPG, which is included as a post-closing receivable in other current assets in the consolidated balance sheet (see Note 6 - Other Current and Noncurrent Assets). The Company expects to collect the final purchase price in the second quarter of fiscal 2020.

Summary results of operations of AMS for the fiscal years ended March 31, 2019, 2018 and 2017, respectively, are segregated and included in earnings from discontinued operations, net of tax, in the consolidated statements of operations.

The following is a reconciliation of the major classes of line items constituting earnings from discontinued operations, net of tax (dollars in thousands):


	2019		2018		2017
Major classes of line items constituting earnings from discontinued operations, net of tax:
Revenues	$	332,185	$	697,305	$	705,487
Cost of revenue	213,512		370,040		377,710
Gross profit	118,673		327,265		327,777
Operating expenses:
Research and development	21,621		34,160		32,742
Sales and marketing	60,743		106,960		107,418
General and administrative	71,500		38,372		36,816
Gains, losses and other items, net	(1,673,636)		3,650		3,700
Total operating expenses	(1,519,772)		183,142		180,676
Earnings from discontinued operations	1,638,445		144,123		147,101
Interest expense	(5,702)		(10,131)		(7,381)
Other, net	97		(261)		(318)
Earnings from discontinued operations before income taxes	1,632,840		133,731		139,402
Income taxes	470,346		42,952		49,718
Earnings from discontinued operations, net of tax	$	1,162,494	$	90,779	$	89,684

Substantially all of the Company's interest expense was allocated to discontinued operations.

The carrying amounts of the major classes of assets and liabilities of AMS are segregated and included in assets and liabilities held for sale in the consolidated balance sheet. The following is a reconciliation of the assets and liabilities held for sale (dollars in thousands):


	March 31, 2018
Cash and cash equivalents	$	2,261
Trade accounts receivable, net	115,141

Other current assets	20,972
Property and equipment, net	124,193
Software, net	21,014
Goodwill	392,356
Purchased software licenses, net	7,502
Deferred income taxes	1,522

Other assets, net	3,815
Assets held for sale	$	688,776

Trade accounts payable	27,929
Accrued payroll and related expenses	28,725
Other accrued expenses	16,241
Deferred revenue	27,214
Income taxes payable	244
Other liabilities	3,707
Liabilities held for sale	$	104,060

The Company entered into certain agreements with AMS at the time of the sale in which services will be provided from the Company to AMS, and from AMS to the Company. The terms of these agreements are primarily 60 months from the date of sale.

Cash inflows and outflows related to the agreements are included in cash flows from operating activities in the consolidated statements of cash flows. Revenues and expenses related to the agreements are included in loss from operations in the consolidated statements of operations. The related cash inflows and outflows and revenues and expenses for the six months ended March 31, 2019 was (dollars in thousands):


	For the six months ended March 31, 2019
Cash inflows	$	19,711
Cash outflows	$	860

Revenues	$	23,852
Costs	$	7,198

The revenues include approximately $9.0 million incremental to amounts reported as LiveRamp revenues in previous periods.

Disposition of Impact email business

In fiscal 2017, the Company completed the sale of its Impact email business to Zeta Interactive for total consideration of $22.0 million, including a $4.0 million subordinated promissory note receivable with interest accruing at a rate of 6% per annum. The receivable was paid in full in fiscal 2018.

The business did not meet the requirements of a discontinued business; therefore, all financial results were included in continuing operations. The Company recorded a gain on sale of $0.3 million, included in gains, losses and other items, net. The transaction also generated a $4.3 million income tax benefit.

Revenues and loss from operations from the disposed Impact email business are shown below (dollars in thousands):


	2017
Revenues	$	20,375
Loss from operations	$	(157)

UNAUDITED SELECTED QUARTERLY FINANCIAL DATA: (Tables)

12 Months Ended

Mar. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Schedule of unaudited selected quarterly financial data

The operating results for any quarter are not necessarily indicative of results for any future period. Unaudited quarterly results are as follows:


	Quarter ended		Quarter ended		Quarter ended		Quarter ended
	June 30,		September 30,		December 31,		March 31,
(dollars in thousands except per-share amounts)	2018		2018		2018		2019
Revenue	$	62,471	$	64,812	$	80,021	$	78,316
Gross profit	38,817		40,346		45,183		$	40,556
Net loss from continuing operations	(27,818)		(41,180)		(15,261)		$	(49,688)
Earnings from discontinued operations, net of tax	24,803		61,803		1,071,661		$	4,227
Net earnings (loss)	(3,015)		20,623		1,056,400		$	(45,461)

Basic earnings (loss) per share:
Continuing operations	(0.36)		(0.53)		(0.20)		(0.73)
Discontinued operations	0.32		0.80		13.85		0.06
Net earnings (loss)	(0.04)		0.27		13.65		(0.67)

Diluted earnings (loss) per share:
Continuing operations	(0.36)		(0.53)		(0.20)		(0.73)
Discontinued operations	0.32		0.80		13.85		0.06
Net earnings (loss)	(0.04)		0.27		13.65		(0.67)


	Quarter ended		Quarter ended		Quarter ended		Quarter ended
	June 30,		September 30,		December 31,		March 31,
(dollars in thousands except per-share amounts)	2017		2017		2017		2018
Revenue	$	46,757	$	54,013	$	59,121	$	60,210
Gross profit	22,696		30,004		34,595		36,410
Net earnings (loss) from continuing operations	(26,215)		(25,191)		3,117		(19,010)
Earnings from discontinued operations, net of tax	24,915		21,855		19,824		24,185
Net earnings (loss)	(1,300)		(3,336)		22,941		5,175

Basic earnings (loss) per share:
Continuing operations	(0.33)		(0.32)		0.04		(0.24)
Discontinued operations	0.32		0.28		0.25		0.31
Net earnings (loss)	(0.02)		(0.04)		0.29		0.07

Diluted earnings (loss) per share:
Continuing operations	(0.33)		(0.32)		0.04		(0.24)
Discontinued operations	0.32		0.28		0.24		0.31
Net earnings (loss)	(0.02)		(0.04)		0.28		0.07

INCOME TAXES: - Earnings (loss) before income tax attributable to U.S. and non-U.S. continuing operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Income Tax Disclosure [Abstract]
U.S.	$ (174,867)	$ (132,552)	$ (128,646)
Non-U.S.	(4,489)	(470)	(2,114)
Loss from continuing operations before income taxes	$ (179,356)	$ (133,022)	$ (130,760)

LONG-TERM DEBT: - Narrative (Details) $ in Millions	Oct. 01, 2018 USD ($)
Discontinued Operations, Disposed of by Sale \| Acxiom Marketing Solutions
Discontinued operations
Repayments of debt	$ 230.5

STOCKHOLDERS' EQUITY: Recognition of incremental and accelerated compensation costs related to the PSU conversions (Details) - Performance Based Restricted Stock Units $ in Thousands	Oct. 01, 2018 USD ($)
Share-based compensation
Incremental compensation cost	$ 8,778
Accelerated compensation costs	1,607
Continuing Operations
Share-based compensation
Incremental compensation cost	7,179
Accelerated compensation costs	0
Discontinued Operations, Disposed of by Sale
Share-based compensation
Incremental compensation cost	1,599
Accelerated compensation costs	$ 1,607

SOFTWARE: Summary of Software (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Mar. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	$ 113,600	$ 113,600
Accumulated amortization	85,008	69,072
Total finite-lived intangible assets, net	28,592	44,528
Developed technology (Software, net)
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	51,525	49,964
Developed technology
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	54,000	54,000
Software
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	105,525	103,964
Accumulated amortization	98,664	89,994
Total finite-lived intangible assets, net	$ 6,861	$ 13,970

STOCKHOLDERS' EQUITY: Share activity related to PSU conversions (Details)	Oct. 01, 2018 shares
Performance Based Restricted Stock Units
Share-based compensation
Units converted, by grant date period (in shares)	(617,101)
Performance Based Restricted Stock Units \| Fiscal 2017 PSU
Share-based compensation
Units converted, by grant date period (in shares)	(214,596)
Performance Based Restricted Stock Units \| Fiscal 2018 PSU
Share-based compensation
Units converted, by grant date period (in shares)	(185,778)
Performance Based Restricted Stock Units \| Fiscal 2019 PSU
Share-based compensation
Units converted, by grant date period (in shares)	(216,727)
Performance Based Restricted Stock Units \| Continuing Operations
Share-based compensation
Units converted, by grant date period (in shares)	(503,880)
Performance Based Restricted Stock Units \| Continuing Operations \| Fiscal 2017 PSU
Share-based compensation
Units converted, by grant date period (in shares)	(168,378)
Performance Based Restricted Stock Units \| Continuing Operations \| Fiscal 2018 PSU
Share-based compensation
Units converted, by grant date period (in shares)	(148,963)
Performance Based Restricted Stock Units \| Continuing Operations \| Fiscal 2019 PSU
Share-based compensation
Units converted, by grant date period (in shares)	(186,539)
Performance Based Restricted Stock Units \| Discontinued Operations, Disposed of by Sale
Share-based compensation
Units converted, by grant date period (in shares)	(113,221)
Performance Based Restricted Stock Units \| Discontinued Operations, Disposed of by Sale \| Fiscal 2017 PSU
Share-based compensation
Units converted, by grant date period (in shares)	(46,218)
Performance Based Restricted Stock Units \| Discontinued Operations, Disposed of by Sale \| Fiscal 2018 PSU
Share-based compensation
Units converted, by grant date period (in shares)	(36,815)
Performance Based Restricted Stock Units \| Discontinued Operations, Disposed of by Sale \| Fiscal 2019 PSU
Share-based compensation
Units converted, by grant date period (in shares)	(30,188)
Time Vesting Restricted Stock Units
Share-based compensation
Units converted, by grant date period (in shares)	1,234,202
Time Vesting Restricted Stock Units \| Fiscal 2017 PSU
Share-based compensation
Units converted, by grant date period (in shares)	429,192
Time Vesting Restricted Stock Units \| Fiscal 2018 PSU
Share-based compensation
Units converted, by grant date period (in shares)	371,556
Time Vesting Restricted Stock Units \| Fiscal 2019 PSU
Share-based compensation
Units converted, by grant date period (in shares)	433,454
Time Vesting Restricted Stock Units \| Continuing Operations
Share-based compensation
Units converted, by grant date period (in shares)	1,007,760
Time Vesting Restricted Stock Units \| Continuing Operations \| Fiscal 2017 PSU
Share-based compensation
Units converted, by grant date period (in shares)	336,756
Time Vesting Restricted Stock Units \| Continuing Operations \| Fiscal 2018 PSU
Share-based compensation
Units converted, by grant date period (in shares)	297,926
Time Vesting Restricted Stock Units \| Continuing Operations \| Fiscal 2019 PSU
Share-based compensation
Units converted, by grant date period (in shares)	373,078
Time Vesting Restricted Stock Units \| Discontinued Operations, Disposed of by Sale
Share-based compensation
Units converted, by grant date period (in shares)	226,442
Time Vesting Restricted Stock Units \| Discontinued Operations, Disposed of by Sale \| Fiscal 2017 PSU
Share-based compensation
Units converted, by grant date period (in shares)	92,436
Time Vesting Restricted Stock Units \| Discontinued Operations, Disposed of by Sale \| Fiscal 2018 PSU
Share-based compensation
Units converted, by grant date period (in shares)	73,630
Time Vesting Restricted Stock Units \| Discontinued Operations, Disposed of by Sale \| Fiscal 2019 PSU
Share-based compensation
Units converted, by grant date period (in shares)	60,376