0000733269-20-000040 | 10-Q | XBRL Viewer

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Cover page - shares	6 Months Ended
Cover page - shares	Sep. 30, 2020	Nov. 05, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2020
Document Transition Report	false
Entity File Number	001-38669
Entity Registrant Name	LiveRamp Holdings, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	83-1269307
Entity Address, Address Line One	225 Bush Street, Seventeenth Floor
Entity Address, City or Town	San Francisco
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94104
City Area Code	866
Local Phone Number	352-3267
Title of 12(b) Security	Common Stock, $.10 Par Value
Trading Symbol	RAMP
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		66,312,553
Entity Central Index Key	0000733269
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2020	Mar. 31, 2020
Current assets:
Cash and cash equivalents	$ 650,691	$ 717,811
Restricted cash	14,815	14,815
Trade accounts receivable, net	99,362	92,761
Refundable income taxes	42,578	38,340
Other current assets	24,560	32,666
Total current assets	832,006	896,393
Property and equipment, net of accumulated depreciation and amortization	15,222	19,321
Intangible assets, net	36,709	45,200
Goodwill	300,741	297,796
Deferred commissions, net	19,459	16,014
Other assets, net	34,500	27,165
Total assets	1,238,637	1,301,889
Current liabilities:
Trade accounts payable	38,102	42,204
Accrued payroll and related expenses	23,172	28,791
Other accrued expenses	58,532	68,991
Acquisition escrow payable	14,815	14,815
Deferred revenue	6,546	6,581
Total current liabilities	141,167	161,382
Other liabilities	46,608	52,995
Commitments and contingencies
Stockholders' equity:
Preferred stock	0	0
Common stock	14,570	14,394
Additional paid-in capital	1,552,303	1,496,565
Retained earnings	1,499,398	1,545,094
Accumulated other comprehensive income	6,944	5,745
Treasury stock, at cost	(2,022,353)	(1,974,286)
Total stockholders' equity	1,050,862	1,087,512
TOTAL LIABILITIES AND EQUITY	$ 1,238,637	$ 1,301,889

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Income Statement [Abstract]
Revenues	$ 104,661	$ 90,143	$ 204,098	$ 172,654
Cost of revenue	34,897	41,460	69,362	77,886
Gross profit	69,764	48,683	134,736	94,768
Operating expenses:
Research and development	31,035	26,445	58,024	50,167
Sales and marketing	41,705	45,204	80,332	88,348
General and administrative	24,495	27,262	47,863	52,580
Gains, losses and other items, net	(619)	45	1,376	2,321
Total operating expenses	96,616	98,956	187,595	193,416
Loss from operations	(26,852)	(50,273)	(52,859)	(98,648)
Total other income (expense)	(225)	4,780	238	10,662
Loss from operations before income taxes	(27,077)	(45,493)	(52,621)	(87,986)
Income tax benefit	(3,109)	(5,291)	(6,925)	(5,644)
Net loss	$ (23,968)	$ (40,202)	$ (45,696)	$ (82,342)
Basic loss per share
Basic earnings (loss) per share (in USD per share)	$ (0.36)	$ (0.59)	$ (0.69)	$ (1.21)
Diluted earnings (loss) per share:
Diluted earnings (loss) per share (in USD per share)	$ (0.36)	$ (0.59)	$ (0.69)	$ (1.21)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement of Comprehensive Income [Abstract]
Net loss	$ (23,968)	$ (40,202)	$ (45,696)	$ (82,342)
Other comprehensive income (loss):
Change in foreign currency translation adjustment	602	(715)	1,199	(1,182)
Comprehensive loss	$ (23,366)	$ (40,917)	$ (44,497)	$ (83,524)

- Definition

Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.

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+ Details

CONSOLIDATED STATEMENT OF EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional paid-in Capital	Retained earnings	Accumulated other comprehensive income (loss)	Treasury Stock
Balance, beginning of the period (in shares) at Mar. 31, 2019		141,865,888				(73,167,892)
Balance, beginning of the period at Mar. 31, 2019	$ 1,330,832	$ 14,187	$ 1,406,813	$ 1,669,605	$ 7,801	$ (1,767,574)
Increase (Decrease) in Stockholders' Equity
Employee stock awards, benefit plans and other issuances (in shares)		119,186				(255,469)
Employee stock awards, benefit plans and other issuances	(11,813)	$ 12	2,082			$ (13,907)
Non-cash stock-based compensation (in shares)		58,195
Non-cash stock-based compensation	31,332	$ 6	31,326
Restricted stock units vested (in shares)		634,153
Restricted stock units vested		$ 63	(63)
Liability-classified restricted stock units vested (in shares)		418,850
Liability-classified restricted stock units vested	17,704	$ 42	17,662
Acquisition of treasury stock (in shares)						(2,134,930)
Acquisition of treasury stock	(100,473)					$ (100,473)
Acquisition-related replacement stock options	2,300		2,300
Other comprehensive income (loss):
Foreign currency translation	(1,182)				(1,182)
Net loss	(82,342)			(82,342)
Balance, end of the period (in shares) at Sep. 30, 2019		143,096,272				(75,558,291)
Balance, end of the period at Sep. 30, 2019	1,186,358	$ 14,310	1,460,120	1,587,263	6,619	$ (1,881,954)
Balance, beginning of the period (in shares) at Jun. 30, 2019		142,451,563				(73,801,287)
Balance, beginning of the period at Jun. 30, 2019	1,272,157	$ 14,245	1,422,879	1,627,465	7,334	$ (1,799,766)
Increase (Decrease) in Stockholders' Equity
Employee stock awards, benefit plans and other issuances (in shares)		72,505				(34,274)
Employee stock awards, benefit plans and other issuances	(780)	$ 8	1,026			$ (1,814)
Non-cash stock-based compensation (in shares)		6,833
Non-cash stock-based compensation	16,268	$ 1	16,267
Restricted stock units vested (in shares)		146,521
Restricted stock units vested		$ 14	(14)
Liability-classified restricted stock units vested (in shares)		418,850
Liability-classified restricted stock units vested	17,704	$ 42	17,662
Acquisition of treasury stock (in shares)						(1,722,730)
Acquisition of treasury stock	(80,374)					$ (80,374)
Acquisition-related replacement stock options	2,300		2,300
Other comprehensive income (loss):
Foreign currency translation	(715)				(715)
Net loss	(40,202)			(40,202)
Balance, end of the period (in shares) at Sep. 30, 2019		143,096,272				(75,558,291)
Balance, end of the period at Sep. 30, 2019	1,186,358	$ 14,310	1,460,120	1,587,263	6,619	$ (1,881,954)
Balance, beginning of the period (in shares) at Mar. 31, 2020		143,938,753				(78,081,314)
Balance, beginning of the period at Mar. 31, 2020	1,087,512	$ 14,394	1,496,565	1,545,094	5,745	$ (1,974,286)
Increase (Decrease) in Stockholders' Equity
Employee stock awards, benefit plans and other issuances (in shares)		194,816				(113,612)
Employee stock awards, benefit plans and other issuances	(2,194)	$ 19	3,542			$ (5,755)
Non-cash stock-based compensation (in shares)		13,551
Non-cash stock-based compensation	27,912	$ 1	27,911
Restricted stock units vested (in shares)		777,618
Restricted stock units vested		$ 78	(78)
Liability-classified restricted stock units vested (in shares)		780,400
Liability-classified restricted stock units vested	24,441	$ 78	24,363
Acquisition of treasury stock (in shares)						(1,321,666)
Acquisition of treasury stock	(42,312)					$ (42,312)
Other comprehensive income (loss):
Foreign currency translation	1,199				1,199
Net loss	(45,696)			(45,696)
Balance, end of the period (in shares) at Sep. 30, 2020		145,705,138				(79,516,592)
Balance, end of the period at Sep. 30, 2020	1,050,862	$ 14,570	1,552,303	1,499,398	6,944	$ (2,022,353)
Balance, beginning of the period (in shares) at Jun. 30, 2020		145,248,520				(79,443,337)
Balance, beginning of the period at Jun. 30, 2020	1,058,289	$ 14,525	1,532,481	1,523,366	6,342	$ (2,018,425)
Increase (Decrease) in Stockholders' Equity
Employee stock awards, benefit plans and other issuances (in shares)		127,026				(73,255)
Employee stock awards, benefit plans and other issuances	(1,504)	$ 12	2,412			$ (3,928)
Non-cash stock-based compensation (in shares)		5,606
Non-cash stock-based compensation	17,443		17,443
Restricted stock units vested (in shares)		323,986
Restricted stock units vested		$ 33	(33)
Other comprehensive income (loss):
Foreign currency translation	602				602
Net loss	(23,968)			(23,968)
Balance, end of the period (in shares) at Sep. 30, 2020		145,705,138				(79,516,592)
Balance, end of the period at Sep. 30, 2020	$ 1,050,862	$ 14,570	$ 1,552,303	$ 1,499,398	$ 6,944	$ (2,022,353)

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash flows from operating activities:
Net loss	$ (45,696)	$ (82,342)
Non-cash operating activities:
Depreciation and amortization	14,955	19,854
Loss (gain) on disposal or impairment of assets	333	(140)
Provision for doubtful accounts	2,522	2,430
Deferred income taxes	(485)	(5,083)
Non-cash stock compensation expense	40,689	41,984
Changes in operating assets and liabilities:
Accounts receivable, net	(9,584)	(11,258)
Deferred commissions	(3,445)	(606)
Other assets	7,703	(3,897)
Accounts payable and other liabilities	(20,671)	2,821
Income taxes, net	(3,583)	(7,789)
Deferred revenue	(101)	(133)
Net cash used in operating activities	(17,363)	(44,159)
Cash flows from investing activities:
Capital expenditures	(1,128)	(7,529)
Proceeds from sales of assets	0	517
Cash paid in acquisitions, net of cash received	(2,933)	(105,365)
Payments for investments	(1,873)	0
Net cash used in investing activities	(5,934)	(112,377)
Cash flows from financing activities:
Proceeds related to the issuance of common stock under stock and employee benefit plans	3,561	2,092
Shares repurchased for tax withholdings upon vesting of stock-based awards	(5,755)	(13,907)
Acquisition of treasury stock	(42,312)	(100,473)
Net cash used in financing activities	(44,506)	(112,288)
Effect of exchange rate changes on cash	683	(391)
Net change in cash, cash equivalents and restricted cash	(67,120)	(269,215)
Cash, cash equivalents and restricted cash at beginning of period	732,626	1,061,473
Cash, cash equivalents and restricted cash at end of period	665,506	792,258
Supplemental cash flow information:
Cash paid (received) for income taxes, net	$ (2,863)	$ 6,152

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

6 Months Ended

Sep. 30, 2020

Accounting Policies [Abstract]

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

These condensed consolidated financial statements have been prepared by LiveRamp Holdings, Inc. ("Registrant", "LiveRamp", "we", "us" or the "Company"), without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). In the opinion of the Registrant’s management, all adjustments necessary for a fair presentation of the results for the periods included have been made, and the disclosures are adequate to make the information presented not misleading. All such adjustments are of a normal recurring nature. Certain note information has been omitted because it has not changed significantly from that reflected in Notes 1 through 18 of the Notes to Consolidated Financial Statements filed as part of Item 8 of the Registrant’s annual report on Form 10-K for the fiscal year ended March 31, 2020 (“2020 Annual Report”), as filed with the SEC on May 26, 2020. This quarterly report and the accompanying condensed consolidated financial statements should be read in connection with the 2020 Annual Report. The financial information contained in this quarterly report is not necessarily indicative of the results to be expected for any other period or for the full fiscal year ending March 31, 2021.

Management of the Company has made a number of estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities to prepare these condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States (“U.S. GAAP”). Actual results could differ from those estimates. Certain of the accounting policies used in the preparation of these condensed consolidated financial statements are complex and require management to make judgments and/or significant estimates regarding amounts reported or disclosed in these financial statements. Additionally, the application of certain of these accounting policies is governed by complex accounting principles and their interpretation. A discussion of the Company’s significant accounting principles and their application is included in Note 1 of the Notes to Consolidated Financial Statements and in Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations, of the Company’s 2020 Annual Report.


Accounting pronouncements adopted during the current year
Standard	Description	Date of Adoption	Effect on Financial Statements or Other Significant Matters
Accounting Standards Update ("ASU") ASU 2018-15 Intangibles-Goodwill and Other-Internal Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract ("ASU 2018-15")	ASU 2018-15 aligns the requirements for capitalizing implementation costs incurred in a cloud computing arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software and hosting arrangements that include an internal use software license. Previously, all implementation costs for a hosting arrangement that was a service contract were expensed when incurred.	April 1, 2020	The effect of prospectively adopting ASU 2018-15 on our condensed consolidated financial statements and related disclosures was not material.
ASU 2018-13 Fair Value Measurement (Topic 820): Disclosure Framework ("ASU 2018-13")	ASU 2018-13 eliminates, modifies and adds disclosure requirements for fair value measurements.	April 1, 2020	The effect of adopting ASU 2018-13 on our condensed consolidated financial statements and related disclosures was not material.
ASU 2016-13, Financial Instruments-Credit Losses (Topic 326) ("ASU 2016-13")	ASU 2016-13 introduces new methodology for accounting for credit losses on financial instruments. The guidance establishes a new forward looking "expected loss model" that requires entities to estimate expected credit losses on accounts receivable and other financial instruments by using all practical and relevant information.	April 1, 2020	The effect of adopting ASU 2016-13 on our condensed consolidated financial statements and related disclosures was not material.


Recent accounting pronouncements not yet adopted
Standard	Description	Date of Adoption	Effect on Financial Statements or Other Significant Matters
ASU 2019-12 Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes ("ASU 2019-12")	ASU 2019-12 simplifies the accounting for income taxes, eliminates certain exceptions to the general principles in Topic 740 and clarifies and amends existing guidance to improve consistent application. ASU 2019-12 is effective for annual periods beginning after December 15, 2020 (fiscal 2022 for the Company), including interim periods within those fiscal years.	April 1, 2021	The Company does not expect the adoption of this guidance will have a material impact on our condensed consolidated financial statements.

LOSS PER SHARE AND STOCKHOLDERS’ EQUITY:

6 Months Ended

Sep. 30, 2020

EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY:

LOSS PER SHARE AND STOCKHOLDERS’ EQUITY:

Loss Per Share

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


	For the three months ended				For the six months ended
	September 30,				September 30,
	2020		2019		2020		2019
Basic loss per share:


Net loss	$	(23,968)	$	(40,202)	$	(45,696)	$	(82,342)

Basic weighted-average shares outstanding	66,010		67,684		65,790		68,295



Basic loss per share	$	(0.36)	$	(0.59)	$	(0.69)	$	(1.21)

Diluted loss per share:
Basic weighted-average shares outstanding	66,010		67,684		65,790		68,295
Dilutive effect of common stock options and restricted stock as computed under the treasury stock method (1)	—		—		—		—
Diluted weighted-average shares outstanding	66,010		67,684		65,790		68,295



Diluted loss per share	$	(0.36)	$	(0.59)	$	(0.69)	$	(1.21)

(1) The number of common stock options and restricted stock units as computed under the treasury stock method that would have otherwise been dilutive but are excluded from the table above because their effect would have been anti-dilutive due to the net loss position of the Company were 2.8 million and 2.3 million in the three and six months ended September 30, 2020, respectively and 2.4 million and 2.6 million in the three and six months ended September 30, 2019, respectively.

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


	For the three months ended		For the six months ended
	September 30,		September 30,
	2020	2019	2020	2019
Number of shares underlying restricted stock units	1,065	945	546	669

Stockholders’ Equity

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, 2022. During the six months ended September 30, 2020, the Company repurchased 1.3 million shares of its common stock for $42.3 million under the stock repurchase program. Through September 30, 2020, the Company had repurchased a total of 28.2 million shares of its stock for $673.6 million under the stock repurchase program, leaving remaining capacity of $326.4 million.

Accumulated other comprehensive income balances of $6.9 million and $5.7 million at September 30, 2020 and March 31, 2020, respectively, reflect accumulated foreign currency translation adjustments.

REVENUE FROM CONTRACTS WITH CUSTOMERS:

6 Months Ended

Sep. 30, 2020

Revenue from Contract with Customer [Abstract]

Revenue from Contracts with Customers

REVENUE FROM CONTRACTS WITH CUSTOMERS:

Disaggregation of Revenue

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


	For the six months ended
	September 30,
Primary Geographical Markets	2020		2019
United States	$	191,487	$	160,448
Europe	10,283		9,739
Asia-Pacific ("APAC")	2,328		2,467
	$	204,098	$	172,654

Major Offerings/Services
Subscription	$	168,699	$	140,293
Marketplace and Other	35,399		32,361
	$	204,098	$	172,654

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 condensed consolidated financial statements. The amount of fixed revenue not yet recognized was $319.2 million as of September 30, 2020, of which $215.9 million will be recognized over the next twelve months. The Company expects to recognize revenue on substantially all of these remaining performance obligations by March 31, 2024.

- Definition

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

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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

+ Details

LEASES:

3 Months Ended

Sep. 30, 2020

Leases [Abstract]

Leases

LEASES:

Right-of-use asset and lease liability balances consist of the following (dollars in millions):



	September 30, 2020		March 31, 2020
Right-of-use assets included in other assets, net	$	14.1	$	17.8
Short-term lease liabilities included in other accrued expenses	$	9.5	$	9.6
Long-term lease liabilities included in other liabilities	$	7.3	$	11.4

The Company leases its office facilities under non-cancellable operating leases that expire at various dates through fiscal 2025. Certain leases contain provisions for property-related costs that are variable in nature for which the Company is responsible, including common area maintenance and other property operating services. These costs are calculated based on a variety of factors including property values, tax and utility rates, property service fees, and other factors. Operating lease costs were $5.9 million and $4.6 million for the six months ended September 30, 2020 and 2019, respectively.

Future minimum payments under all operating leases (including operating leases with a duration of one year or less) as of September 30, 2020 are as follows (dollars in thousands):


	Amount
Fiscal 2021	$	5,409
Fiscal 2022	9,214
Fiscal 2023	2,689
Fiscal 2024	777
Fiscal 2025	68
Thereafter	—
Total undiscounted lease commitments	18,157
Less: Interest and short-term leases	1,366
Total discounted operating lease liabilities	$	16,791

Future minimum payments as of September 30, 2020 related to restructuring plans as a result of the Company's exit from certain leased office facilities (see Note 12) are as follows (dollars in thousands): Fiscal 2021: $1,268; Fiscal 2022: $2,611; Fiscal 2023: $2,663; Fiscal 2024: $2,698; Fiscal 2025: $2,698; and Thereafter: $1,799.

ACQUISITIONS:

6 Months Ended

Sep. 30, 2020

Business Combinations [Abstract]

ACQUISITIONS:

Acuity Data

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

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


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

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

STOCK-BASED COMPENSATION:

6 Months Ended

Sep. 30, 2020

Equity [Abstract]

STOCK-BASED COMPENSATION:

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 September 30, 2020, there were a total of 6.8 million shares available for future grants under the plans.

Stock-based Compensation Expense

The Company's stock-based compensation activity for the six months ended September 30, 2020, by award type, was (dollars in millions):


	For the six months ended
	September 30,
	2020		2019
Stock options	$	1.4	$	1.8

Restricted stock units	24.8		25.4
Arbor acquisition consideration holdback	—		2.6
DPM acquisition consideration holdback	4.0		2.1
PDP assumed performance plan	9.2		9.5
Acuity performance plan	0.7		—
Other non-employee stock-based compensation	0.6		0.6
Total non-cash stock-based compensation included in the condensed consolidated statements of operations	40.7		42.0
Less expense related to liability-based equity awards	(12.8)		(10.7)

Total non-cash stock-based compensation included in the condensed consolidated statements of equity	$	27.9	$	31.3

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


	For the six months ended
	September 30,
	2020		2019
Cost of revenue	$	1.7	$	1.8
Research and development	13.6		10.0
Sales and marketing	16.4		18.7
General and administrative	9.0		11.5
Total non-cash stock-based compensation included in the condensed consolidated statements of operations	$	40.7	$	42.0

The following table provides the expected future expense for all of the Company's outstanding equity awards at September 30, 2020, by award type. The amount for 2021 represents the remaining six months ending March 31, 2021. All other periods represent fiscal years ending March 31 (dollars in millions).


	For the years ending March 31,
	2021		2022		2023		2024		2025		Total
Stock options	$	0.8	$	1.1	$	0.3	$	—	$	—	$	2.2
Restricted stock units	32.5		56.6		43.8		22.9		3.1		158.9
DPM acquisition consideration holdback	4.1		8.1		2.0		—		—		14.2
PDP assumed performance plan	9.2		9.2		—		—		—		18.4
Acuity performance plan	1.5		1.9		0.9		0.2		—		4.5
	$	48.1	$	76.9	$	47.0	$	23.1	$	3.1	$	198.2

Stock Options Activity

Stock option activity for the six months ended September 30, 2020 was:


				Weighted-average
		Weighted-average		remaining	Aggregate
	Number of	exercise price		contractual term	Intrinsic value
	shares	per share		(in years)	(in thousands)
Outstanding at March 31, 2020	1,350,658	$	14.43

Exercised	(154,165)	$	10.74		$	6,025
Forfeited or canceled	(5,024)	$	1.72
Outstanding at September 30, 2020	1,191,469	$	14.96	2.9	$	43,855
Exercisable at September 30, 2020	1,144,331	$	15.50	2.7	$	41,506

The aggregate intrinsic value at period end represents the total pre-tax intrinsic value (the difference between LiveRamp’s closing stock price on the last trading day of the period and the exercise price for each in-the-money option) that would have been received by the option holders had they exercised their options on September 30, 2020. This amount changes based upon changes in the fair market value of LiveRamp’s common stock.

A summary of stock options outstanding and exercisable as of September 30, 2020 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	148,147	5.1 years	$	1.50	101,009	$	1.30
$	10.00	—	$	19.99	691,732	2.0 years	$	14.62	691,732	$	14.62
$	20.00	—	$	24.99	351,590	3.6 years	$	21.31	351,590	$	21.31

					1,191,469	2.9 years	$	14.96	1,144,331	$	15.50

Restricted Stock Unit Activity

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

During the six months ended September 30, 2020, the Company granted RSUs covering 1,824,342 shares of common stock and having a fair value at the date of grant of $72.7 million. The RSUs granted in the current period vest over four years. Grant date fair value of these units is equal to the quoted market price for the shares on the date of grant.

RSU activity for the six months ended September 30, 2020 was:


		Weighted-average
		fair value per		Weighted-average
	Number	share at grant		remaining contractual
	of shares	date		term (in years)
Outstanding at March 31, 2020	3,351,638	$	40.68	2.51
Granted	1,824,342	$	39.85
Vested	(629,538)	$	41.56
Forfeited or canceled	(294,861)	$	41.43
Outstanding at September 30, 2020	4,251,581	$	40.14	2.70

The total fair value of RSUs vested during the six months ended September 30, 2020 was $30.0 million and is measured as the quoted market price of the Company's common stock on the vesting date for the number of shares vested.

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

Fiscal 2021 plans:

During the six months ended September 30, 2020, the Company granted PSUs covering 246,524 shares of common stock having a fair value at the date of grant of $10.7 million. The grants were made under two separate performance plans.

Under the first performance plan, units covering 73,950 shares of common stock were granted having a fair value at the date of grant of $4.2 million, determined using a Monte Carlo simulation model. The units vest subject to attainment of market conditions established by the compensation committee of the board of directors (“compensation committee”) and continuous employment through the vesting date. The units may vest in a number of shares from 0% to 200% of the award, based on the total shareholder return of LiveRamp common stock compared to total shareholder return of the Russell 2000 market index for the period from April 1, 2020 to March 31, 2023.

Under the second performance plan, units covering 172,574 shares of common stock were granted having a fair value at the date of grant of $6.5 million, which was equal to the quoted market price for the shares on the date of grant. The units vest subject to attainment of performance criteria established by the compensation committee and continuous employment through the vesting date. The units may vest in a number of shares from 0% to 200% of the award, based on the attainment of trailing twelve-month revenue growth and EBITDA margin targets for the period from April 1, 2020 to March 31, 2023. Performance will be measured and vesting evaluated on a quarterly basis beginning with the period ending June 30, 2021 and continuing through the end of the performance period. To the extent that shares are earned in a given quarter, 50% vest immediately and 50% vest on the one-year anniversary of attainment approval, except that all earned but unvested shares will vest fully at the end of the measurement period.

Fiscal 2020 plans:

During the first quarter of fiscal 2021, the compensation committee approved the final performance attainment on a fiscal 2020 performance plan covering 59,480 PSUs. The awards reached maturity of the relevant performance period at March 31, 2020, and final attainment of these awards was determined by the compensation committee during the quarter ended June 30, 2020 to be 164% resulting in an additional award of 38,063 units (for a total earned amount of 97,543 units). Of the earned amount, one-third vested immediately, while the remaining two-thirds will vest in equal increments in first quarters of fiscal years 2022 and 2023.

Fiscal 2019 plans:

The initial quarterly measurement date for the fiscal 2019 performance plan, covering 313,771 PSUs, was reached on June 30, 2020. During the quarter ended September 30, 2020, the compensation committee approved the initial quarterly performance measurement of 57% attainment, resulting in a total earned amount of 178,146 units. Of the earned amount, one-half vested immediately, while the remaining one-half will vest in the second quarter of fiscal year 2022.

The performance measurement occurring as of September 30, 2020 resulted in zero additional attainment. As of September 30, 2020, there remains a maximum potential of 441,816 additional units eligible for attainment under the plan. Quarterly measurements of attainment will continue through September 30, 2022.

PSU activity for the six months ended September 30, 2020 was:


		Weighted-average
		fair value per		Weighted-average
	Number	share at grant		remaining contractual
	of shares	date		term (in years)
Outstanding at March 31, 2020	545,446	$	51.01	2.24
Granted	246,524	$	43.40
Additional earned performance shares	38,063	$	55.48
Vested	(121,587)	$	48.88
Forfeited or canceled	(32,647)	$	34.22
Outstanding at September 30, 2020	675,799	$	49.68	2.03

The total fair value of PSUs vested in the six months ended September 30, 2020 was $6.1 million and is measured as the quoted market price of the Company’s common stock on the vesting date for the number of shares vested.

Acquisition-related Performance Plan

In connection with the acquisition of Acuity Data in the current fiscal quarter, the Company will be obligated to pay up to an additional $5.1 million, settled in shares of Company stock, and subject to certain performance conditions and continued employment of each participant. Performance will be measured and vesting evaluated in three annual increments on the anniversary of the closing date (which date may be changed by the board of directors to an earlier date). Through September 30, 2020, the Company had recognized a total of $0.7 million related to the plan. At September 30, 2020, the recognized, but unpaid, balance in other accrued expense in the condensed consolidated balance sheet was $0.7 million.

Consideration Holdback

As part of the Company's fiscal 2020 acquisition of Data Plus Math ("DPM"), $24.4 million of the acquisition consideration otherwise payable with respect to shares of DPM common stock held by certain key employees was subject to holdback by the Company pursuant to agreements with those employees (each, a "Holdback Agreement"). Each Holdback Agreement specifies that the consideration holdback will vest in three equal annual increments on the anniversary of the closing date (which date may be changed by the board of directors to an earlier date). Vesting is subject to the DPM key employees' continued employment through each annual vesting date and will be settled in shares of Company common stock. Through September 30, 2020, the Company had recognized a total of $10.2 million related to the DPM consideration holdback. At September 30, 2020, the recognized, but unpaid, balance related to the DPM consideration holdback in other accrued expenses in the condensed consolidated balance sheet was $2.0 million. The next annual settlement is expected to occur at the end of the first quarter of fiscal 2022.

Pacific Data Partners ("PDP") Assumed Performance Plan

In connection with the fiscal 2018 acquisition of PDP, the Company assumed the outstanding performance compensation plan under the PDP 2018 Equity Compensation Plan ("PDP PSU plan"). During fiscal 2020, the Company converted the outstanding PDP PSU plan to a time-vesting restricted stock plan ("PDP RSU plan").

Through September 30, 2020, the Company has recognized a total of $46.9 million related to the PDP RSU plan. At September 30, 2020, the recognized, but unpaid, balance related to the PDP RSU plan in other accrued expenses in the condensed consolidated balance sheet was $8.2 million.

OTHER CURRENT AND NONCURRENT ASSETS:

6 Months Ended

Sep. 30, 2020

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

OTHER CURRENT AND NONCURRENT ASSETS:

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


	September 30, 2020		March 31, 2020
Prepaid expenses and other	$	9,767	$	13,385
Receivable for cash settlement of withheld income tax withholdings on equity award releases	—		7,658


Assets of non-qualified retirement plan	14,793		11,623
Other current assets	$	24,560	$	32,666

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


	September 30, 2020		March 31, 2020
Long-term prepaid data revenue share	$	9,531	$	—
Internally developed software	420		889
Right-of-use asset (see Note 4)	14,108		17,830
Deferred tax asset	1,125		852
Deposits	2,587		2,562
Other miscellaneous noncurrent assets	6,729		5,032
Other assets, net	$	34,500	$	27,165

OTHER ACCRUED EXPENSES:

6 Months Ended

Sep. 30, 2020

Other Accrued Expenses [Abstract].

OTHER ACCRUED EXPENSES

OTHER ACCRUED EXPENSES:

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


	September 30, 2020		March 31, 2020
Liabilities of non-qualified retirement plan	$	14,793	$	11,623
Short-term lease liabilities (see Note 4)	9,517		9,641
PDP performance plan liability (see Note 6)	10,839		16,318
DPM consideration holdback (see Note 6)	—		6,185
Other miscellaneous accrued expenses	23,383		25,224
Other accrued expenses	$	58,532	$	68,991

PROPERTY AND EQUIPMENT

6 Months Ended

Sep. 30, 2020

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT:

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


	September 30, 2020		March 31, 2020

Leasehold improvements	$	25,987	$	25,614
Data processing equipment	8,511		9,499
Office furniture and other equipment	9,106		9,673
	43,604		44,786
Less accumulated depreciation and amortization	28,382		25,465
	$	15,222	$	19,321

Depreciation expense on property and equipment was $4.8 million and $10.4 million for the six months ended September 30, 2020 and 2019, respectively. Depreciation expense for the six months ended September 30, 2019 included $3.6 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.

GOODWILL

6 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL

GOODWILL:

Changes in goodwill for the six months ended September 30, 2020 were as follows (dollars in thousands):


	Total
Balance at March 31, 2020	$	297,796
Acquisition of Acuity Data	2,011

Change in foreign currency translation adjustment	934
Balance at September 30, 2020	$	300,741

Goodwill by geography as of September 30, 2020 was:


	Total
U.S.	$	297,478
APAC	3,263
Balance at September 30, 2020	$	300,741

INTANGIBLE ASSETS:

6 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS:

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


	September 30, 2020		March 31, 2020
Developed technology, gross	$	67,507	$	66,451
Accumulated amortization	(57,678)		(54,713)
Net developed technology	$	9,829	$	11,738

Customer relationship/Trade name, gross	$	43,101	$	42,993
Accumulated amortization	(35,816)		(33,109)
Net customer/trade name	$	7,285	$	9,884

Publisher/Data supply relationships, gross	$	39,800	$	39,800
Accumulated amortization	(20,205)		(16,222)
Net publisher relationship	$	19,595	$	23,578

Total intangible assets, gross	$	150,408	$	149,244
Total accumulated amortization	(113,699)		(104,044)
Total intangible assets, net	$	36,709	$	45,200

Total amortization expense related to intangible assets was $9.7 million and $8.5 million for the six months ended September 30, 2020 and 2019, respectively. The following table presents the estimated future amortization expenses related to purchased intangible assets. The amount for 2021 represents the remaining six months ending March 31, 2021 (dollars in thousands):


Fiscal Year:
2021	$	8,031
2022	14,458
2023	12,050
2024	2,170

	$	36,709

ALLOWANCE FOR CREDIT LOSSES:

6 Months Ended

Sep. 30, 2020

Credit Loss [Abstract]

ALLOWANCE FOR CREDIT LOSSES:

Trade accounts receivable are presented net of allowances for credit losses, returns and credits based on the probability of future collections. The probability of future collections is based on specific considerations of historical loss patterns and an assessment of the continuation of such patterns based on past collection trends and known or anticipated future economic events that may impair collectability. We are monitoring the impacts from the COVID-19 pandemic on our customers and various counterparties, and have recorded an incremental reserve associated with the pandemic during the three and six months ended September 30, 2020.

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


For the six months ended:	Balance at beginning of period		Additions charged to costs and expenses		Other changes		Bad debts written off, net of amounts recovered		Balance at end of period
September 30, 2020	$	7,575	$	2,522	$	56	$	(1,141)	$	9,012

RESTRUCTURING, IMPAIRMENT AND OTHER CHARGES:

6 Months Ended

Sep. 30, 2020

Restructuring and Related Activities [Abstract]

RESTRUCTURING, IMPAIRMENT AND OTHER CHARGES:

The following table summarizes the Company's restructuring activity for the six months ended September 30, 2020 (dollars in thousands):


	Associate-related reserves		Lease accruals		Total
Balances at March 31, 2020	$	450	$	6,243	$	6,693
Restructuring charges and adjustments	1,135		67		1,202
Payments	(1,260)		(1,624)		(2,884)
Balances at September 30, 2020	$	325	$	4,686	$	5,011

The above balances are included in other accrued expenses and other liabilities in the condensed consolidated balance sheets.

Restructuring Plans

During the six months ended September 30, 2020, the Company recorded a total of $1.2 million in restructuring charges and adjustments included in gains, losses and other items, net in the condensed consolidated statement of operations. The expense included severance and other associate-related charges in the United States and Europe of $1.1 million and lease accruals and adjustments of $0.1 million. The lease accruals included the full $1.0 million settlement cost for an office space lease cancellation that was paid out during the quarter ended September 30, 2020, net of a $(0.9) million adjustment to existing restructured leases. Of the associate-related accruals of $1.1 million, $0.1 million remained accrued as of September 30, 2020 and is expected to be paid out during fiscal 2021.

In fiscal 2020, the Company recorded a total of $3.4 million in restructuring charges and adjustments. The fiscal year 2020 expense included severance and other associate-related charges in APAC of $0.6 million, adjustments to fiscal 2019 restructuring plans for associates in the United States of $1.7 million, and lease accruals and adjustments of $1.1 million. The associate-related accruals of $0.6 million, were paid out in fiscal 2021.

In fiscal 2019, the Company recorded a total of $7.7 million in restructuring charges and adjustments. The fiscal 2019 expense included restructuring plans primarily for associates in the United States and APAC of $6.1 million, lease accruals and adjustments of $0.8 million, and leasehold improvement write-offs of $0.8 million. The associate-related accruals of $6.1 million were paid out in fiscal 2020.

In fiscal 2018, the Company recorded a total of $2.7 million in restructuring charges and adjustments . 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 . 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. 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, $0.2 million remained accrued as of September 30, 2020. These amounts are expected to be paid out in fiscal 2021.

With respect to fiscal 2015, 2017, 2018, 2019, 2020, and 2021 lease accruals and adjustments described above, the Company intends to continue subleasing 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, $4.7 million remained accrued as of September 30, 2020. 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, net

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


	For the three months ended				For the six months ended
	September 30,				September 30,
	2020		2019		2020		2019
Restructuring plan charges and adjustments	$	(833)	$	(143)	$	1,202	$	1,657

Other	214		188		174		664
	$	(619)	$	45	$	1,376	$	2,321

COMMITMENTS AND CONTINGENCIES:

6 Months Ended

Sep. 30, 2020

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 condensed consolidated financial statements.

Commitments

As of September 30, 2020, the Company has various non-cancellable operating lease commitments for office space that, as a result of the adoption of ASC 842, have been recorded as lease liabilities. Refer to Note 4 - Leases for additional information regarding lease commitments.

The following table presents the Company’s purchase commitments at September 30, 2020. Purchase commitments primarily include contractual commitments for the purchase of data, and other commitments primarily include contractual commitments related to hosting services and software as a service arrangements. The table does not include the future payment of liabilities related to uncertain tax positions of $25.6 million as the Company is not able to predict the periods in which the payments will be made (dollars in thousands):


	For the years ending March 31,
	2021		2022		2023		2024		2025		Total
Purchase commitments	$	8,065	$	6,808	$	3,690	$	116	$	48	$	18,727
Other commitments	10,629		26,011		28,190		7,680		—		72,510
Total purchase and other commitments	$	18,694	$	32,819	$	31,880	$	7,796	$	48	$	91,237

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

INCOME TAX:	6 Months Ended
INCOME TAX:	Sep. 30, 2020
Income Tax Disclosure [Abstract]
INCOME TAX:	INCOME TAX:In determining the quarterly provision for income taxes, the Company applies its estimated annual effective income tax rate to its year-to-date pretax income or loss and adjusts for discrete tax items in the period. The estimated annual effective income tax rate for the current fiscal year is primarily driven by nondeductible stock-based compensation and the valuation allowance. 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 as well as net operating loss and tax credit carryforwards. As of September 30, 2020, the Company continues to maintain a full valuation allowance on its net deferred tax assets except in certain foreign jurisdictions.

- Definition

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

+ References + Details

FAIR VALUE OF FINANCIAL INSTRUMENTS:

6 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

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 receivables, unbilled and notes receivable, and trade payables - The carrying amount approximates fair value because of the short maturity of these instruments.

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 September 30, 2020 (dollars in thousands):


	Level 1		Level 2		Level 3		Total
Assets:
Other current assets	$	14,793	$	—	$	—	$	14,793
Total assets	$	14,793	$	—	$	—	$	14,793

- 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

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (Policies)

6 Months Ended

Sep. 30, 2020

Accounting Policies [Abstract]

Accounting pronouncements adopted during the current year


Accounting pronouncements adopted during the current year
Standard	Description	Date of Adoption	Effect on Financial Statements or Other Significant Matters
Accounting Standards Update ("ASU") ASU 2018-15 Intangibles-Goodwill and Other-Internal Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract ("ASU 2018-15")	ASU 2018-15 aligns the requirements for capitalizing implementation costs incurred in a cloud computing arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software and hosting arrangements that include an internal use software license. Previously, all implementation costs for a hosting arrangement that was a service contract were expensed when incurred.	April 1, 2020	The effect of prospectively adopting ASU 2018-15 on our condensed consolidated financial statements and related disclosures was not material.
ASU 2018-13 Fair Value Measurement (Topic 820): Disclosure Framework ("ASU 2018-13")	ASU 2018-13 eliminates, modifies and adds disclosure requirements for fair value measurements.	April 1, 2020	The effect of adopting ASU 2018-13 on our condensed consolidated financial statements and related disclosures was not material.
ASU 2016-13, Financial Instruments-Credit Losses (Topic 326) ("ASU 2016-13")	ASU 2016-13 introduces new methodology for accounting for credit losses on financial instruments. The guidance establishes a new forward looking "expected loss model" that requires entities to estimate expected credit losses on accounts receivable and other financial instruments by using all practical and relevant information.	April 1, 2020	The effect of adopting ASU 2016-13 on our condensed consolidated financial statements and related disclosures was not material.


Recent accounting pronouncements not yet adopted
Standard	Description	Date of Adoption	Effect on Financial Statements or Other Significant Matters
ASU 2019-12 Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes ("ASU 2019-12")	ASU 2019-12 simplifies the accounting for income taxes, eliminates certain exceptions to the general principles in Topic 740 and clarifies and amends existing guidance to improve consistent application. ASU 2019-12 is effective for annual periods beginning after December 15, 2020 (fiscal 2022 for the Company), including interim periods within those fiscal years.	April 1, 2021	The Company does not expect the adoption of this guidance will have a material impact on our condensed consolidated financial statements.

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (Tables)

6 Months Ended

Sep. 30, 2020

Accounting Policies [Abstract]

Schedule of Accounting pronouncements adopted during the current year


Accounting pronouncements adopted during the current year
Standard	Description	Date of Adoption	Effect on Financial Statements or Other Significant Matters
Accounting Standards Update ("ASU") ASU 2018-15 Intangibles-Goodwill and Other-Internal Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract ("ASU 2018-15")	ASU 2018-15 aligns the requirements for capitalizing implementation costs incurred in a cloud computing arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software and hosting arrangements that include an internal use software license. Previously, all implementation costs for a hosting arrangement that was a service contract were expensed when incurred.	April 1, 2020	The effect of prospectively adopting ASU 2018-15 on our condensed consolidated financial statements and related disclosures was not material.
ASU 2018-13 Fair Value Measurement (Topic 820): Disclosure Framework ("ASU 2018-13")	ASU 2018-13 eliminates, modifies and adds disclosure requirements for fair value measurements.	April 1, 2020	The effect of adopting ASU 2018-13 on our condensed consolidated financial statements and related disclosures was not material.
ASU 2016-13, Financial Instruments-Credit Losses (Topic 326) ("ASU 2016-13")	ASU 2016-13 introduces new methodology for accounting for credit losses on financial instruments. The guidance establishes a new forward looking "expected loss model" that requires entities to estimate expected credit losses on accounts receivable and other financial instruments by using all practical and relevant information.	April 1, 2020	The effect of adopting ASU 2016-13 on our condensed consolidated financial statements and related disclosures was not material.


Recent accounting pronouncements not yet adopted
Standard	Description	Date of Adoption	Effect on Financial Statements or Other Significant Matters
ASU 2019-12 Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes ("ASU 2019-12")	ASU 2019-12 simplifies the accounting for income taxes, eliminates certain exceptions to the general principles in Topic 740 and clarifies and amends existing guidance to improve consistent application. ASU 2019-12 is effective for annual periods beginning after December 15, 2020 (fiscal 2022 for the Company), including interim periods within those fiscal years.	April 1, 2021	The Company does not expect the adoption of this guidance will have a material impact on our condensed consolidated financial statements.

LOSS PER SHARE AND STOCKHOLDERS’ EQUITY: (Tables)

6 Months Ended

Sep. 30, 2020

EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY:

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

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


	For the three months ended				For the six months ended
	September 30,				September 30,
	2020		2019		2020		2019
Basic loss per share:


Net loss	$	(23,968)	$	(40,202)	$	(45,696)	$	(82,342)

Basic weighted-average shares outstanding	66,010		67,684		65,790		68,295



Basic loss per share	$	(0.36)	$	(0.59)	$	(0.69)	$	(1.21)

Diluted loss per share:
Basic weighted-average shares outstanding	66,010		67,684		65,790		68,295
Dilutive effect of common stock options and restricted stock as computed under the treasury stock method (1)	—		—		—		—
Diluted weighted-average shares outstanding	66,010		67,684		65,790		68,295



Diluted loss per share	$	(0.36)	$	(0.59)	$	(0.69)	$	(1.21)

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


	For the three months ended		For the six months ended
	September 30,		September 30,
	2020	2019	2020	2019
Number of shares underlying restricted stock units	1,065	945	546	669

REVENUE FROM CONTRACTS WITH CUSTOMERS: (Tables)

6 Months Ended

Sep. 30, 2020

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

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


	For the six months ended
	September 30,
Primary Geographical Markets	2020		2019
United States	$	191,487	$	160,448
Europe	10,283		9,739
Asia-Pacific ("APAC")	2,328		2,467
	$	204,098	$	172,654

Major Offerings/Services
Subscription	$	168,699	$	140,293
Marketplace and Other	35,399		32,361
	$	204,098	$	172,654

LEASES: (Tables)

6 Months Ended

Sep. 30, 2020

Leases [Abstract]

Lease, Cost

Right-of-use asset and lease liability balances consist of the following (dollars in millions):



	September 30, 2020		March 31, 2020
Right-of-use assets included in other assets, net	$	14.1	$	17.8
Short-term lease liabilities included in other accrued expenses	$	9.5	$	9.6
Long-term lease liabilities included in other liabilities	$	7.3	$	11.4

Lessee, Operating Lease, Liability, Maturity

Future minimum payments under all operating leases (including operating leases with a duration of one year or less) as of September 30, 2020 are as follows (dollars in thousands):


	Amount
Fiscal 2021	$	5,409
Fiscal 2022	9,214
Fiscal 2023	2,689
Fiscal 2024	777
Fiscal 2025	68
Thereafter	—
Total undiscounted lease commitments	18,157
Less: Interest and short-term leases	1,366
Total discounted operating lease liabilities	$	16,791

ACQUISITIONS: (Tables)

6 Months Ended

Sep. 30, 2020

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

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


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

STOCK-BASED COMPENSATION: (Tables)

6 Months Ended

Sep. 30, 2020

Equity [Abstract]

Schedule of stock-based compensation activity, by award type

The Company's stock-based compensation activity for the six months ended September 30, 2020, by award type, was (dollars in millions):


	For the six months ended
	September 30,
	2020		2019
Stock options	$	1.4	$	1.8

Restricted stock units	24.8		25.4
Arbor acquisition consideration holdback	—		2.6
DPM acquisition consideration holdback	4.0		2.1
PDP assumed performance plan	9.2		9.5
Acuity performance plan	0.7		—
Other non-employee stock-based compensation	0.6		0.6
Total non-cash stock-based compensation included in the condensed consolidated statements of operations	40.7		42.0
Less expense related to liability-based equity awards	(12.8)		(10.7)

Total non-cash stock-based compensation included in the condensed consolidated statements of equity	$	27.9	$	31.3

Schedule of effect of stock-based compensation expense on income, by financial statement line item

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


	For the six months ended
	September 30,
	2020		2019
Cost of revenue	$	1.7	$	1.8
Research and development	13.6		10.0
Sales and marketing	16.4		18.7
General and administrative	9.0		11.5
Total non-cash stock-based compensation included in the condensed consolidated statements of operations	$	40.7	$	42.0

Schedule of share based compensation arrangement by share based payment award, future expense


	For the years ending March 31,
	2021		2022		2023		2024		2025		Total
Stock options	$	0.8	$	1.1	$	0.3	$	—	$	—	$	2.2
Restricted stock units	32.5		56.6		43.8		22.9		3.1		158.9
DPM acquisition consideration holdback	4.1		8.1		2.0		—		—		14.2
PDP assumed performance plan	9.2		9.2		—		—		—		18.4
Acuity performance plan	1.5		1.9		0.9		0.2		—		4.5
	$	48.1	$	76.9	$	47.0	$	23.1	$	3.1	$	198.2

Schedule of option activity

Stock option activity for the six months ended September 30, 2020 was:


				Weighted-average
		Weighted-average		remaining	Aggregate
	Number of	exercise price		contractual term	Intrinsic value
	shares	per share		(in years)	(in thousands)
Outstanding at March 31, 2020	1,350,658	$	14.43

Exercised	(154,165)	$	10.74		$	6,025
Forfeited or canceled	(5,024)	$	1.72
Outstanding at September 30, 2020	1,191,469	$	14.96	2.9	$	43,855
Exercisable at September 30, 2020	1,144,331	$	15.50	2.7	$	41,506

Summary of stock options outstanding and exercisable

A summary of stock options outstanding and exercisable as of September 30, 2020 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	148,147	5.1 years	$	1.50	101,009	$	1.30
$	10.00	—	$	19.99	691,732	2.0 years	$	14.62	691,732	$	14.62
$	20.00	—	$	24.99	351,590	3.6 years	$	21.31	351,590	$	21.31

					1,191,469	2.9 years	$	14.96	1,144,331	$	15.50

Schedule of time-vesting restricted stock unit activity

RSU activity for the six months ended September 30, 2020 was:


		Weighted-average
		fair value per		Weighted-average
	Number	share at grant		remaining contractual
	of shares	date		term (in years)
Outstanding at March 31, 2020	3,351,638	$	40.68	2.51
Granted	1,824,342	$	39.85
Vested	(629,538)	$	41.56
Forfeited or canceled	(294,861)	$	41.43
Outstanding at September 30, 2020	4,251,581	$	40.14	2.70

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

PSU activity for the six months ended September 30, 2020 was:


		Weighted-average
		fair value per		Weighted-average
	Number	share at grant		remaining contractual
	of shares	date		term (in years)
Outstanding at March 31, 2020	545,446	$	51.01	2.24
Granted	246,524	$	43.40
Additional earned performance shares	38,063	$	55.48
Vested	(121,587)	$	48.88
Forfeited or canceled	(32,647)	$	34.22
Outstanding at September 30, 2020	675,799	$	49.68	2.03

OTHER CURRENT AND NONCURRENT ASSETS: (Tables)

6 Months Ended

Sep. 30, 2020

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):


	September 30, 2020		March 31, 2020
Prepaid expenses and other	$	9,767	$	13,385
Receivable for cash settlement of withheld income tax withholdings on equity award releases	—		7,658


Assets of non-qualified retirement plan	14,793		11,623
Other current assets	$	24,560	$	32,666

Schedule of components of other noncurrent assets

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


	September 30, 2020		March 31, 2020
Long-term prepaid data revenue share	$	9,531	$	—
Internally developed software	420		889
Right-of-use asset (see Note 4)	14,108		17,830
Deferred tax asset	1,125		852
Deposits	2,587		2,562
Other miscellaneous noncurrent assets	6,729		5,032
Other assets, net	$	34,500	$	27,165

OTHER ACCRUED EXPENSES: (Tables)

6 Months Ended

Sep. 30, 2020

Other Accrued Expenses [Abstract].

Schedule of other accrued expenses

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


	September 30, 2020		March 31, 2020
Liabilities of non-qualified retirement plan	$	14,793	$	11,623
Short-term lease liabilities (see Note 4)	9,517		9,641
PDP performance plan liability (see Note 6)	10,839		16,318
DPM consideration holdback (see Note 6)	—		6,185
Other miscellaneous accrued expenses	23,383		25,224
Other accrued expenses	$	58,532	$	68,991

PROPERTY AND EQUIPMENT (Tables)

6 Months Ended

Sep. 30, 2020

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment

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


	September 30, 2020		March 31, 2020

Leasehold improvements	$	25,987	$	25,614
Data processing equipment	8,511		9,499
Office furniture and other equipment	9,106		9,673
	43,604		44,786
Less accumulated depreciation and amortization	28,382		25,465
	$	15,222	$	19,321

GOODWILL (Tables)

6 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

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

Changes in goodwill for the six months ended September 30, 2020 were as follows (dollars in thousands):


	Total
Balance at March 31, 2020	$	297,796
Acquisition of Acuity Data	2,011

Change in foreign currency translation adjustment	934
Balance at September 30, 2020	$	300,741

Goodwill by geography as of September 30, 2020 was:


	Total
U.S.	$	297,478
APAC	3,263
Balance at September 30, 2020	$	300,741

INTANGIBLE ASSETS: (Tables)

6 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of amortization activity of intangible assets

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


	September 30, 2020		March 31, 2020
Developed technology, gross	$	67,507	$	66,451
Accumulated amortization	(57,678)		(54,713)
Net developed technology	$	9,829	$	11,738

Customer relationship/Trade name, gross	$	43,101	$	42,993
Accumulated amortization	(35,816)		(33,109)
Net customer/trade name	$	7,285	$	9,884

Publisher/Data supply relationships, gross	$	39,800	$	39,800
Accumulated amortization	(20,205)		(16,222)
Net publisher relationship	$	19,595	$	23,578

Total intangible assets, gross	$	150,408	$	149,244
Total accumulated amortization	(113,699)		(104,044)
Total intangible assets, net	$	36,709	$	45,200

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

The following table presents the estimated future amortization expenses related to purchased intangible assets. The amount for 2021 represents the remaining six months ending March 31, 2021 (dollars in thousands):


Fiscal Year:
2021	$	8,031
2022	14,458
2023	12,050
2024	2,170

	$	36,709

ALLOWANCE FOR CREDIT LOSSES: (Tables)

6 Months Ended

Sep. 30, 2020

Credit Loss [Abstract]

Accounts Receivable, Allowance for Credit Loss

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


For the six months ended:	Balance at beginning of period		Additions charged to costs and expenses		Other changes		Bad debts written off, net of amounts recovered		Balance at end of period
September 30, 2020	$	7,575	$	2,522	$	56	$	(1,141)	$	9,012

RESTRUCTURING, IMPAIRMENT AND OTHER CHARGES: (Tables)

6 Months Ended

Sep. 30, 2020

Restructuring and Related Activities [Abstract]

Summary of restructuring activity

The following table summarizes the Company's restructuring activity for the six months ended September 30, 2020 (dollars in thousands):


	Associate-related reserves		Lease accruals		Total
Balances at March 31, 2020	$	450	$	6,243	$	6,693
Restructuring charges and adjustments	1,135		67		1,202
Payments	(1,260)		(1,624)		(2,884)
Balances at September 30, 2020	$	325	$	4,686	$	5,011

Schedule of gains, losses and other items


	For the three months ended				For the six months ended
	September 30,				September 30,
	2020		2019		2020		2019
Restructuring plan charges and adjustments	$	(833)	$	(143)	$	1,202	$	1,657

Other	214		188		174		664
	$	(619)	$	45	$	1,376	$	2,321

COMMITMENTS AND CONTINGENCIES (Tables)

6 Months Ended

Sep. 30, 2020

Commitments and Contingencies Disclosure [Abstract]

Contractual Obligation, Fiscal Year Maturity

The table does not include the future payment of liabilities related to uncertain tax positions of $25.6 million as the Company is not able to predict the periods in which the payments will be made (dollars in thousands):


	For the years ending March 31,
	2021		2022		2023		2024		2025		Total
Purchase commitments	$	8,065	$	6,808	$	3,690	$	116	$	48	$	18,727
Other commitments	10,629		26,011		28,190		7,680		—		72,510
Total purchase and other commitments	$	18,694	$	32,819	$	31,880	$	7,796	$	48	$	91,237

FAIR VALUE OF FINANCIAL INSTRUMENTS: (Tables)

6 Months Ended

Sep. 30, 2020

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 September 30, 2020 (dollars in thousands):


	Level 1		Level 2		Level 3		Total
Assets:
Other current assets	$	14,793	$	—	$	—	$	14,793
Total assets	$	14,793	$	—	$	—	$	14,793

LOSS PER SHARE AND STOCKHOLDERS’ EQUITY: Reconciliation of basic and diluted earnings (loss) per share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY [Abstract]
Net loss	$ (23,968)	$ (40,202)	$ (45,696)	$ (82,342)
Basic loss per share
Basic weighted-average shares outstanding (in shares)	66,010	67,684	65,790	68,295
Basic earnings (loss) per share (in USD per share)	$ (0.36)	$ (0.59)	$ (0.69)	$ (1.21)
Diluted earnings (loss) per share:
Basic weighted-average shares outstanding (in shares)	66,010	67,684	65,790	68,295
Dilutive effect of common stock options, warrants, and restricted stock as computed under the treasury stock method (in shares)	0	0	0	0
Diluted weighted-average shares outstanding	66,010	67,684	65,790	68,295
Diluted earnings (loss) per share (in USD per share)	$ (0.36)	$ (0.59)	$ (0.69)	$ (1.21)

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

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- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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

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LOSS PER SHARE AND STOCKHOLDERS’ EQUITY: Anti-dilutive shares (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount	1,065	945	546	669
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	1,065	945	546	669
Continuing operations
EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount	2,800	2,400	2,300	2,600
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	2,800	2,400	2,300	2,600

LOSS PER SHARE AND STOCKHOLDERS’ EQUITY: Narrative (Details) - USD ($) shares in Millions	6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Mar. 31, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Acquisition of treasury stock	$ 42,312,000	$ 100,473,000
Treasury stock, at cost	2,022,353,000		$ 1,974,286,000
Accumulated other comprehensive income (loss), foreign currency translation adjustment	6,900,000		$ 5,700,000
Common Stock Repurchase Program
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock repurchase program, authorized amount	$ 1,000,000,000.0
Acquisition of treasury stock (in shares)	1.3
Acquisition of treasury stock	$ 42,300,000
Treasury stock, at cost (in shares)	28.2
Treasury stock, at cost	$ 673,600,000
Stock repurchase program, remaining amount	$ 326,400,000

REVENUE FROM CONTRACTS WITH CUSTOMERS: Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Disaggregation of Revenue [Line Items]
Revenues	$ 104,661	$ 90,143	$ 204,098	$ 172,654
Subscription
Disaggregation of Revenue [Line Items]
Revenues			168,699	140,293
Marketplace and Other
Disaggregation of Revenue [Line Items]
Revenues			35,399	32,361
United States
Disaggregation of Revenue [Line Items]
Revenues			191,487	160,448
Europe
Disaggregation of Revenue [Line Items]
Revenues			10,283	9,739
APAC
Disaggregation of Revenue [Line Items]
Revenues			$ 2,328	$ 2,467

- Definition

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

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+ Details

REVENUE FROM CONTRACTS WITH CUSTOMERS: Transaction Price Allocated to the Remaining Performance Obligations (Details) $ in Millions	Sep. 30, 2020 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation	$ 319.2
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation	$ 215.9
Revenue, remaining performance obligation, expected timing of satisfaction, period	12 months

LEASES: Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
LEASES: Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Sep. 30, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease costs	$ 5,900	$ 4,600
Fiscal 2021	5,409
Fiscal 2022	9,214
Fiscal 2023	2,689
Fiscal 2024	777
Fiscal 2025	68
Thereafter	0
Leased office facilities
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Fiscal 2021	1,268
Fiscal 2022	2,611
Fiscal 2023	2,663
Fiscal 2024	2,698
Fiscal 2025	2,698
Thereafter	$ 1,799

LEASES: Lease Cost (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Mar. 31, 2020
Lessee, Lease, Description [Line Items]
Right-of-use asset (see Note 4)	$ 14,108	$ 17,830
Other Noncurrent Assets
Lessee, Lease, Description [Line Items]
Right-of-use asset (see Note 4)	14,100	17,800
Accrued Liabilities
Lessee, Lease, Description [Line Items]
Short-term lease liabilities (see Note 4)	9,517	9,641
Other Noncurrent Liabilities
Lessee, Lease, Description [Line Items]
Long-term lease liabilities	$ 7,300	$ 11,400

LEASES: Operating Lease, Liability Maturity (Details) $ in Thousands	Sep. 30, 2020 USD ($)
Leases [Abstract]
Fiscal 2021	$ 5,409
Fiscal 2022	9,214
Fiscal 2023	2,689
Fiscal 2024	777
Fiscal 2025	68
Thereafter	0
Total undiscounted lease commitments	18,157
Less: Interest and short-term leases	1,366
Total discounted operating lease liabilities	$ 16,791

ACQUISITIONS: Narrative (Details) - Acuity Data $ in Millions	Jul. 16, 2020 USD ($)
Business Acquisition [Line Items]
Payments to acquire businesses, gross	$ 2.9
Business combination, contingent consideration arrangements, performance period	3 years
Business combination, contingent consideration arrangements, range of outcomes, value, high	$ 5.1

ACQUISITIONS: Purchase price allocation related to assets acquired and liabilities assumed (Details) - USD ($) $ in Thousands		6 Months Ended
	Jul. 16, 2020	Sep. 30, 2020	Sep. 30, 2019	Mar. 31, 2020
Business Acquisition [Line Items]
Goodwill		$ 300,741		$ 297,796
Net cash paid		$ 2,933	$ 105,365
Acuity Data
Business Acquisition [Line Items]
Cash	$ 184
Trade accounts receivable	156
Goodwill	2,011
Intangible assets	1,100
Other current and noncurrent assets	43
Total assets acquired	3,494
Deferred income taxes	(288)
Accounts payable and accrued expenses	(89)
Net assets acquired	3,117
Cash acquired	(184)
Net cash paid	$ 2,933

STOCK-BASED COMPENSATION: - Stock-based compensation plans, narrative (Details) - Stock Option and Equity Compensation Plans shares in Millions	Sep. 30, 2020 shares
Share-based compensation
Total shares reserved for issuance since inception of the stock option and equity compensation plans (in shares)	42.3
Shares which remained available for future grants (in shares)	6.8

STOCK-BASED COMPENSATION: Stock-based compensation activity, by award type (Details) - USD ($) $ in Millions	6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Share-based compensation
Other non-employee stock-based compensation	$ 0.6	$ 0.6
Total non-cash stock-based compensation	40.7	42.0
Total non-cash stock-based compensation included in the consolidated statements of equity	27.9	31.3
Stock options
Share-based compensation
Share-based compensation expense	1.4	1.8
Restricted stock units
Share-based compensation
Share-based compensation expense	24.8	25.4
Arbor Holdback Agreement \| Arbor
Share-based compensation
Share-based compensation expense	0.0	2.6
Consideration Holdback \| Data Plus Math Corporation
Share-based compensation
Share-based compensation expense	4.0	2.1
Pacific Data Partners, LLC Agreement Plan \| Pacific Data Partners LLC
Share-based compensation
Share-based compensation expense	9.2	9.5
Liability-based equity awards
Share-based compensation
Total non-cash stock-based compensation	(12.8)	(10.7)
Acuity Performance Earnout \| Acuity Data
Share-based compensation
Share-based compensation expense	$ 0.7	$ 0.0

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Balance Type:
Period Type:

STOCK-BASED COMPENSATION: - Effect of stock-based compensation expense on income, by financial statement line item (Details) - USD ($) $ in Millions	6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Share-based compensation
Total non-cash stock-based compensation	$ 40.7	$ 42.0
Cost of revenue
Share-based compensation
Total non-cash stock-based compensation	1.7	1.8
Research and development
Share-based compensation
Total non-cash stock-based compensation	13.6	10.0
Sales and marketing
Share-based compensation
Total non-cash stock-based compensation	16.4	18.7
General and administrative
Share-based compensation
Total non-cash stock-based compensation	$ 9.0	$ 11.5

STOCK-BASED COMPENSATION: Future expense, by award type (Details) $ in Millions	Sep. 30, 2020 USD ($)
Share-based compensation
Total	$ 198.2
2021
Share-based compensation
Total	48.1
2022
Share-based compensation
Total	76.9
2023
Share-based compensation
Total	47.0
2024
Share-based compensation
Total	23.1
2025
Share-based compensation
Total	3.1
Stock options
Share-based compensation
Share-based compensation not yet recognized	2.2
Stock options \| 2021
Share-based compensation
Share-based compensation not yet recognized	0.8
Stock options \| 2022
Share-based compensation
Share-based compensation not yet recognized	1.1
Stock options \| 2023
Share-based compensation
Share-based compensation not yet recognized	0.3
Stock options \| 2024
Share-based compensation
Share-based compensation not yet recognized	0.0
Stock options \| 2025
Share-based compensation
Share-based compensation not yet recognized	0.0
Restricted stock units
Share-based compensation
Future share-based compensation expense expected	158.9
Restricted stock units \| 2021
Share-based compensation
Future share-based compensation expense expected	32.5
Restricted stock units \| 2022
Share-based compensation
Future share-based compensation expense expected	56.6
Restricted stock units \| 2023
Share-based compensation
Future share-based compensation expense expected	43.8
Restricted stock units \| 2024
Share-based compensation
Future share-based compensation expense expected	22.9
Restricted stock units \| 2025
Share-based compensation
Future share-based compensation expense expected	3.1
Consideration Holdback \| Data Plus Math Corporation
Share-based compensation
Future share-based compensation expense expected	14.2
Consideration Holdback \| Data Plus Math Corporation \| 2021
Share-based compensation
Future share-based compensation expense expected	4.1
Consideration Holdback \| Data Plus Math Corporation \| 2022
Share-based compensation
Future share-based compensation expense expected	8.1
Consideration Holdback \| Data Plus Math Corporation \| 2023
Share-based compensation
Future share-based compensation expense expected	2.0
Consideration Holdback \| Data Plus Math Corporation \| 2024
Share-based compensation
Future share-based compensation expense expected	0.0
Consideration Holdback \| Data Plus Math Corporation \| 2025
Share-based compensation
Future share-based compensation expense expected	0.0
Pacific Data Partners, LLC Agreement Plan \| Pacific Data Partners LLC
Share-based compensation
Future share-based compensation expense expected	18.4
Pacific Data Partners, LLC Agreement Plan \| Pacific Data Partners LLC \| 2021
Share-based compensation
Future share-based compensation expense expected	9.2
Pacific Data Partners, LLC Agreement Plan \| Pacific Data Partners LLC \| 2022
Share-based compensation
Future share-based compensation expense expected	9.2
Pacific Data Partners, LLC Agreement Plan \| Pacific Data Partners LLC \| 2023
Share-based compensation
Future share-based compensation expense expected	0.0
Pacific Data Partners, LLC Agreement Plan \| Pacific Data Partners LLC \| 2024
Share-based compensation
Future share-based compensation expense expected	0.0
Pacific Data Partners, LLC Agreement Plan \| Pacific Data Partners LLC \| 2025
Share-based compensation
Future share-based compensation expense expected	0.0
Acuity Performance Earnout \| Acuity Data
Share-based compensation
Future share-based compensation expense expected	4.5
Acuity Performance Earnout \| Acuity Data \| 2021
Share-based compensation
Future share-based compensation expense expected	1.5
Acuity Performance Earnout \| Acuity Data \| 2022
Share-based compensation
Future share-based compensation expense expected	1.9
Acuity Performance Earnout \| Acuity Data \| 2023
Share-based compensation
Future share-based compensation expense expected	0.9
Acuity Performance Earnout \| Acuity Data \| 2024
Share-based compensation
Future share-based compensation expense expected	0.2
Acuity Performance Earnout \| Acuity Data \| 2025
Share-based compensation
Future share-based compensation expense expected	$ 0.0

- Details

Name:	us-gaap_BusinessAcquisitionAxis=ramp_DataPlusMathCorporationMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

STOCK-BASED COMPENSATION: Stock Option Activity (Details) $ / shares in Units, $ in Thousands	6 Months Ended
	Sep. 30, 2020 USD ($) $ / shares shares
Stock Option Activity - Number of Shares
Outstanding at beginning of the period (in shares) \| shares	1,350,658
Exercised (in shares) \| shares	(154,165)
Forfeited or cancelled (in shares) \| shares	(5,024)
Outstanding at end of the period (in shares) \| shares	1,191,469
Weighted-average exercise price per share
Outstanding at the beginning of the period (in dollars per share) \| $ / shares	$ 14.43
Exercised (in dollars per share) \| $ / shares	10.74
Forfeited or cancelled (in dollars per share) \| $ / shares	1.72
Outstanding at the end of the period (in dollars per share) \| $ / shares	$ 14.96
Weighted average remaining contractual term	2 years 10 months 24 days
Exercised \| $	$ 6,025
Outstanding at the end of the period \| $	$ 43,855
Exercisable at the end of the period (in shares) \| shares	1,144,331
Exercisable at the end of the period (in dollars per share) \| $ / shares	$ 15.50
Exercisable at the end of the period	2 years 8 months 12 days
Exercisable at the end of the period \| $	$ 41,506

STOCK-BASED COMPENSATION: - Summary of Options (Details)	6 Months Ended
	Sep. 30, 2020 $ / shares shares
Stock options outstanding and exercisable by exercise price range
Options outstanding (in shares) \| shares	1,191,469
Options outstanding - Weighted-average remaining contractual life	2 years 10 months 24 days
Options outstanding - Weighted-average exercise price per share (in dollars per share)	$ 14.96
Options exercisable (in shares) \| shares	1,144,331
Options exercisable - Weighted-average exercise price per share (in dollars per share)	$ 15.50
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) \| shares	148,147
Options outstanding - Weighted-average remaining contractual life	5 years 1 month 6 days
Options outstanding - Weighted-average exercise price per share (in dollars per share)	$ 1.50
Options exercisable (in shares) \| shares	101,009
Options exercisable - Weighted-average exercise price per share (in dollars per share)	$ 1.30
Range of exercise price per share from $10.00 to $19.99
Stock options outstanding and exercisable by exercise price range
Exercise price per share, low end of range (in dollars per share)	10.00
Exercise price per share, high end of range (in dollars per share)	$ 19.99
Options outstanding (in shares) \| shares	691,732
Options outstanding - Weighted-average remaining contractual life	2 years
Options outstanding - Weighted-average exercise price per share (in dollars per share)	$ 14.62
Options exercisable (in shares) \| shares	691,732
Options exercisable - Weighted-average exercise price per share (in dollars per share)	$ 14.62
Range of exercise price per share from $20.00 to $24.99
Stock options outstanding and exercisable by exercise price range
Exercise price per share, low end of range (in dollars per share)	20.00
Exercise price per share, high end of range (in dollars per share)	$ 24.99
Options outstanding (in shares) \| shares	351,590
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)	$ 21.31
Options exercisable (in shares) \| shares	351,590
Options exercisable - Weighted-average exercise price per share (in dollars per share)	$ 21.31

STOCK-BASED COMPENSATION: - Time-vesting restricted stock unit, narrative (Details) - Restricted stock units $ in Millions	6 Months Ended
	Sep. 30, 2020 USD ($) shares
Time Based Vesting
Share-based compensation
Granted (in shares) \| shares	1,824,342
Aggregate fair value of restricted stock units granted	$ 72.7
Vested in period, fair value	$ 30.0
Vesting in four years
Share-based compensation
Vesting period	4 years

STOCK-BASED COMPENSATION: - Time-vesting restricted stock unit activity (Details) - Restricted stock units - Time Based Vesting - $ / shares	6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Non-vested restricted stock unit activity
Outstanding at the beginning of the period (in shares)	3,351,638
Granted (in shares)	1,824,342
Vested (in shares)	(629,538)
Forfeited or cancelled (in shares)	(294,861)
Outstanding at the end of the period (in shares)	4,251,581
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)	$ 40.68
Granted (in dollars per share)	39.85
Vested (in dollars per share)	41.56
Forfeited or cancelled (in dollars per share)	41.43
Outstanding at the end of the period (in dollars per share)	$ 40.14
Weighted average remaining contractual term (in years)	2 years 8 months 12 days	2 years 6 months 3 days

STOCK-BASED COMPENSATION: - Performance-based restricted stock units (Details) - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2020	Jul. 16, 2020	Mar. 31, 2020
Share-based compensation
Business combination, contingent consideration, liability	$ 0		$ 6,185
Acuity Data
Share-based compensation
Business combination, contingent consideration arrangements, range of outcomes, value, high		$ 5,100
Business combination, contingent consideration, liability	700
Acuity Data \| Accrued Liabilities
Share-based compensation
Business combination, contingent consideration, liability	$ 700
Restricted stock units \| Performance stock
Share-based compensation
Granted (in shares)	246,524
Aggregate fair value of restricted stock units granted	$ 10,700
Vesting in period (in shares)	121,587
Forfeited in period (in shares)	32,647
Outstanding at the end of the period (in shares)	675,799		545,446
The total fair value of performance-based restricted stock units	$ 6,100
Restricted stock units \| Performance Shares Vesting Total Shareholder Return
Share-based compensation
Granted (in shares)	73,950
Aggregate fair value of restricted stock units granted	$ 4,200
Restricted stock units \| Performance Shares Vesting Total Shareholder Return \| Minimum
Share-based compensation
Award vesting rights percentage	0.00%
Restricted stock units \| Performance Shares Vesting Total Shareholder Return \| Maximum
Share-based compensation
Award vesting rights percentage	200.00%
Restricted stock units \| Performance Shares Vesting Under The Second Plan
Share-based compensation
Granted (in shares)	172,574
Aggregate fair value of restricted stock units granted	$ 6,500
Award vesting rights percentage	50.00%
Restricted stock units \| Performance Shares Vesting Under The Second Plan \| Minimum
Share-based compensation
Award vesting rights percentage	0.00%
Restricted stock units \| Performance Shares Vesting Under The Second Plan \| Maximum
Share-based compensation
Award vesting rights percentage	200.00%
Restricted stock units \| Performance Shares Vesting In Three Equal Annual Increments
Share-based compensation
Vesting in period (in shares)	59,480
Forfeited in period (in shares)	38,063
Restricted stock units \| Vesting Based on Relevant Performance Period Over Two Periods at March 31 2020
Share-based compensation
Award vesting rights percentage	164.00%
Forfeited in period (in shares)	97,543
Restricted stock units \| Performance Shares Vesting Over Two Periods Ending September 30, 2021
Share-based compensation
Granted (in shares)	313,771
Award vesting rights percentage	57.00%
Forfeited in period (in shares)	178,146
Outstanding at the end of the period (in shares)	441,816
Restricted stock units \| Performance Shares Vesting One-Year Anniversary Of Attainment
Share-based compensation
Award vesting rights percentage	50.00%
Vesting period	1 year
Restricted stock units \| 2020 Performance Shares That Will Vest Immediately [Member]
Share-based compensation
Award vesting rights percentage	33.00%
Restricted stock units \| 2020 Performance Shares That Vest In Equal Increments In First Quarters Of Fiscal Years 2022 And 2023
Share-based compensation
Award vesting rights percentage	67.00%
Restricted stock units \| 2019 Performance Shares That Will Vest Immediately
Share-based compensation
Award vesting rights percentage	50.00%
Restricted stock units \| 2019 Performance Shares That Will Vest In The Second Quarter Of Fiscal Year 2022
Share-based compensation
Award vesting rights percentage	50.00%

STOCK-BASED COMPENSATION: - Non-vested performance-based restricted stock unit activity (Details) - Restricted stock units - Performance stock - $ / shares	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Sep. 30, 2020
Non-vested restricted stock unit activity
Outstanding at the beginning of the period (in shares)	545,446	545,446
Granted (in shares)		246,524
Additional earned performance shares (in shares)		38,063
Vested (in shares)		(121,587)
Forfeited or cancelled (in shares)		(32,647)
Outstanding at the end of the period (in shares)		675,799
Non-vested restricted stock units, Weighted average fair value per share at grant date
Outstanding at the beginning of the period (in dollars per share)	$ 51.01	$ 51.01
Granted (in dollars per share)		43.40
Additional earned performance shares (in dollars per share)		55.48
Vested (in dollars per share)		48.88
Forfeited or cancelled (in dollars per share)		34.22
Outstanding at the end of the period (in dollars per share)		$ 49.68
Weighted average remaining contractual term (in years)	2 years 2 months 26 days	2 years 10 days

STOCK-BASED COMPENSATION: - Stock-based Compensation Expense Related to Discontinued Operations (Details) $ in Millions	6 Months Ended
	Sep. 30, 2020 USD ($) numberOfExerciseMultiple
Consideration Holdback
Share-based compensation
Contingent consideration arrangements, number of annual increments \| numberOfExerciseMultiple	3
Data Plus Math Corporation
Share-based compensation
Holdback consideration transferred	$ 24.4
Holdback expenses	10.2
Data Plus Math Corporation \| Accrued Liabilities
Share-based compensation
Holdback expenses	$ 2.0

STOCK-BASED COMPENSATION: - PDP Assumed Performance Plan and Qualified EPP (Details) - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2020	Mar. 31, 2020
Share-based compensation
Other accrued expenses	$ 58,532	$ 68,991
Pacific Data Partners LLC
Share-based compensation
Non-cash stock-based compensation expense	46,900
Other accrued expenses	$ 8,200

OTHER CURRENT AND NONCURRENT ASSETS: (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Mar. 31, 2020
Other current assets
Prepaid expenses and other	$ 9,767	$ 13,385
Receivable for cash settlement of withheld income tax withholdings on equity award releases	0	7,658
Assets of non-qualified retirement plan	14,793	11,623
Other current assets	24,560	32,666
Other noncurrent assets
Long-term prepaid data revenue share	9,531	0
Internally developed software	420	889
Right-of-use asset (see Note 4)	14,108	17,830
Deferred tax asset	1,125	852
Deposits	2,587	2,562
Other miscellaneous noncurrent assets	6,729	5,032
Other assets, net	$ 34,500	$ 27,165

OTHER ACCRUED EXPENSES: (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Mar. 31, 2020
Lessee, Lease, Description [Line Items]
Liabilities of non-qualified retirement plan	$ 14,793	$ 11,623
PDP performance plan liability (see Note 6)	10,839	16,318
DPM consideration holdback (see Note 6)	0	6,185
Other miscellaneous accrued expenses	23,383	25,224
Other accrued expenses	58,532	68,991
Accrued Liabilities
Lessee, Lease, Description [Line Items]
Short-term lease liabilities (see Note 4)	$ 9,517	$ 9,641

PROPERTY AND EQUIPMENT (Details) - USD ($) $ in Thousands	6 Months Ended
PROPERTY AND EQUIPMENT (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Sep. 30, 2019	Mar. 31, 2020
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 4,800	$ 10,400
Accelerated depreciation		$ 3,600
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	43,604		$ 44,786
Less accumulated depreciation and amortization	28,382		25,465
Property and equipment, net of accumulated depreciation and amortization	15,222		19,321
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	25,987		25,614
Data processing equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	8,511		9,499
Office furniture and other equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 9,106		$ 9,673

GOODWILL (Details) $ in Thousands	6 Months Ended
GOODWILL (Details) $ in Thousands	Sep. 30, 2020 USD ($)
Goodwill
Goodwill at the beginning of year	$ 297,796
Acquisition of Acuity Data	2,011
Change in foreign currency translation adjustment	934
Goodwill at the end of year	300,741
U.S.
Goodwill
Goodwill at the end of year	297,478
APAC
Goodwill
Goodwill at the end of year	$ 3,263

INTANGIBLE ASSETS: (Details) - USD ($) $ in Millions	6 Months Ended
INTANGIBLE ASSETS: (Details) - USD ($) $ in Millions	Sep. 30, 2020	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 9.7	$ 8.5

INTANGIBLE ASSETS: - Amounts allocated to intangible assets from acquisitions (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Mar. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Developed technology, gross (Software)	$ 150,408	$ 149,244
Accumulated amortization	(113,699)	(104,044)
Total finite-lived intangible assets, net	36,709	45,200
Developed technology, gross (Software)
Finite-Lived Intangible Assets [Line Items]
Developed technology, gross (Software)	67,507	66,451
Accumulated amortization	(57,678)	(54,713)
Total finite-lived intangible assets, net	9,829	11,738
Trade name
Finite-Lived Intangible Assets [Line Items]
Developed technology, gross (Software)	43,101	42,993
Accumulated amortization	(35,816)	(33,109)
Total finite-lived intangible assets, net	7,285	9,884
Publisher Relationship
Finite-Lived Intangible Assets [Line Items]
Developed technology, gross (Software)	39,800	39,800
Accumulated amortization	(20,205)	(16,222)
Total finite-lived intangible assets, net	$ 19,595	$ 23,578

INTANGIBLE ASSETS: - Estimated future amortization expenses (Details) - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 9,700	$ 8,500
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2021	8,031
2022	14,458
2023	12,050
2024	2,170
Total finite-lived intangible assets, net	$ 36,709		$ 45,200

ALLOWANCE FOR CREDIT LOSSES: Summary of the activity of the allowance for doubtful accounts, returns and credits (Details) - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ 7,575
Provision for doubtful accounts	2,522	$ 2,430
Other changes	56
Bad debts written off, net of amounts recovered	(1,141)
Balance at end of period	$ 9,012

RESTRUCTURING, IMPAIRMENT AND OTHER CHARGES: Summary of restructuring activity (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Restructuring Reserve [Roll Forward]
Restructuring charges and adjustments	$ (833)	$ (143)	$ 1,202	$ 1,657
Restructuring Reserve, at the end of the period	4,700		4,700
Associate-related reserves
Restructuring Reserve [Roll Forward]
Restructuring Reserve, at the end of the period	100		100
Continuing operations
Restructuring Reserve [Roll Forward]
Restructuring Reserve, at the beginning of the period			6,693
Restructuring charges and adjustments			1,202
Payments			(2,884)
Restructuring Reserve, at the end of the period	5,011		5,011
Continuing operations \| Associate-related reserves
Restructuring Reserve [Roll Forward]
Restructuring Reserve, at the beginning of the period			450
Restructuring charges and adjustments			1,135
Payments			(1,260)
Restructuring Reserve, at the end of the period	325		325
Continuing operations \| Lease accruals
Restructuring Reserve [Roll Forward]
Restructuring Reserve, at the beginning of the period			6,243
Restructuring charges and adjustments			67
Payments			(1,624)
Restructuring Reserve, at the end of the period	$ 4,686		$ 4,686

RESTRUCTURING, IMPAIRMENT AND OTHER CHARGES: Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments	$ (833)	$ (143)	$ 1,202	$ 1,657
Restructuring reserve	4,700		4,700
Business exit costs	1,000
Adjustment to existing restructured leases	(900)
Gains Losses And Other Items Net
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments			1,200
Restructuring Activity 2020 \| Gains Losses And Other Items Net
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments					$ 3,400
Restructuring Activity 2019 \| Gains Losses And Other Items Net
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments						$ 7,700
Restructuring Activity 2018 \| Gains Losses And Other Items Net
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments							$ 2,700
Restructuring Activity 2017 \| Gains Losses And Other Items Net
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments								$ 3,000
Restructuring Activity 2015 \| Gains Losses And Other Items Net
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments									$ 9,300
Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring reserve	100		100
Employee Severance \| Restructuring Activity 2018 \| Gains Losses And Other Items Net
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments							200
Employee Severance \| Restructuring Activity 2015 \| Gains Losses And Other Items Net
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments									2,600
Termination Of Associates \| Gains Losses And Other Items Net
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments			100
Termination Of Associates \| Restructuring Activity 2020 \| Gains Losses And Other Items Net
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments					1,100
Termination Of Associates \| Restructuring Activity 2019 \| Gains Losses And Other Items Net
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments						800
Termination Of Associates \| Restructuring Activity 2018 \| Gains Losses And Other Items Net
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments							$ 2,500
Termination Of Associates \| Restructuring Activity 2017 \| Gains Losses And Other Items Net
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments								3,000
Leased office facilities \| Restructuring Activity 2017 \| Gains Losses And Other Items Net
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments								1,500
Adjustments to estimates related to the fiscal 2015 lease accruals \| Restructuring Activity 2017 \| Gains Losses And Other Items Net
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments								$ 1,500
Contract Termination \| Restructuring Activity 2015 \| Gains Losses And Other Items Net
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments									4,700
Leasehold Improvement Write Offs \| Restructuring Activity 2019 \| Gains Losses And Other Items Net
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments						800
Leasehold Improvement Write Offs \| Restructuring Activity 2015 \| Gains Losses And Other Items Net
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments									$ 2,000
United States and Europe \| Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments			1,100
United States \| Employee Severance \| Restructuring Activity 2020
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments					1,700
Asia-Pacific \| Employee Severance \| Restructuring Activity 2020
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments					$ 600
United States Australia China And Europe \| Employee Severance \| Restructuring Activity 2019
Restructuring Cost and Reserve [Line Items]
Restructuring charges and adjustments						$ 6,100
United States Australia China And Europe \| Employee Severance \| Restructuring Activity 2015
Restructuring Cost and Reserve [Line Items]
Restructuring reserve	$ 200		$ 200

RESTRUCTURING, IMPAIRMENT AND OTHER CHARGES: Gains, losses and other items (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Restructuring and Related Activities [Abstract]
Restructuring plan charges and adjustments	$ (833)	$ (143)	$ 1,202	$ 1,657
Other	214	188	174	664
Total gains, losses and other items, net	$ (619)	$ 45	$ 1,376	$ 2,321

COMMITMENTS AND CONTINGENCIES: (Details) $ in Thousands	Sep. 30, 2020 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Deferred tax liability not recognized, amount of unrecognized deferred tax liability, bad debt reserve for tax purposes of qualified lender	$ 25,600
Purchase Obligation, Fiscal Year Maturity [Abstract]
2021	8,065
2022	6,808
2023	3,690
2024	116
2025	48
Total	18,727
Other Commitments [Abstract]
2021	10,629
2022	26,011
2023	28,190
2024	7,680
2025	0
Total	72,510
Purchase Obligation And Other Commitment [Abstract]
2021	18,694
2022	32,819
2023	31,880
2024	7,796
2025	48
Total	$ 91,237

FAIR VALUE OF FINANCIAL INSTRUMENTS: (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Mar. 31, 2020
Fair value of assets and liabilities
Other current assets	$ 24,560	$ 32,666
Fair value measurements on recurring basis \| Total
Fair value of assets and liabilities
Other current assets	14,793
Total assets	14,793
Fair value measurements on recurring basis \| Total \| Level 1
Fair value of assets and liabilities
Other current assets	14,793
Total assets	14,793
Fair value measurements on recurring basis \| Total \| Level 2
Fair value of assets and liabilities
Other current assets	0
Total assets	0
Fair value measurements on recurring basis \| Total \| Level 3
Fair value of assets and liabilities
Other current assets	0
Total assets	$ 0