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v3.25.2

Segment Reporting (Tables) | 3 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Adjusted EBITDA by Segment | The following table sets forth Adjusted EBITDA by segment:
| Three Months Ended June 30,
| 2025 |  | 2024
Adjusted EBITDA: |  |  |
K-12 | $ | 96,393 |  |  | $ | 91,207 |
Higher Education | 77,759 |  |  | 73,120 |
Global Professional | 11,266 |  |  | 10,162 |
International | 7,208 |  |  | 12,884 |
Other | (1,210) |  |  | (8,779) |
Total Adjusted EBITDA | $ | 191,416 |  |  | $ | 178,594 |
Schedule of Reconciliation of Adjusted EBITDA to Net Income (Loss) | The following table provides a reconciliation of total Adjusted EBITDA to Net income (loss):
| Three Months Ended June 30,
| 2025 |  | 2024
Total Adjusted EBITDA | $ | 191,416 |  |  | $ | 178,594 |
Interest (expense) income, net | (58,774) |  |  | (80,876) |
Income tax benefit (provision) | (36,949) |  |  | (4,351) |
Depreciation, amortization and product development amortization | (87,854) |  |  | (88,880) |
Restructuring and cost savings implementation charges | (3,106) |  |  | (6,571) |
Advisory fees | (2,500) |  |  | (2,500) |
Transaction and Integration costs | (100) |  |  | (1,094) |
Other | (1,631) |  |  | (3,769) |
Net income (loss) | $ | 502 |  |  | $ | (9,447) |
Schedule of Revenue and Long-lived Assets by Geographic Region | The following tables summarizes revenue and long-lived assets by geographic region:
| Revenue (1)
| Three Months Ended June 30,
| 2025 |  | 2024
United States | $ | 484,389 |  |  | $ | 464,470 |
International | 51,321 |  |  | 58,484 |
Total | $ | 535,710 |  |  | $ | 522,954 |
________________
(1) | Revenues are attributed to a geographic region based on the location of customer.
| Long-Lived Assets (2)
| As of
| June 30, 2025 |  | March 31, 2025
United States | $ | 667,449 |  |  | $ | 646,104 |
International | 33,491 |  |  | 31,773 |
Total | $ | 700,940 |  |  | $ | 677,877 |
__________________
(2) | Reflects total assets less current assets, goodwill, intangible assets, investments, deferred financing costs and non-current deferred tax assets.

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- Definition Tabular disclosure of reconciliation of other items from reportable segments to their consolidated amount. Excludes reconciliation of revenue, profit (loss), and assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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