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DISPOSITION (Tables) | 6 Months Ended
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Sep. 30, 2018
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations | The following is a reconciliation of the major classes of line items constituting earnings from discontinued operations, net of tax (dollars in thousands):
|  | For the three months ended |  |  |  | For the six months ended |  |
|  | September 30, |  |  |  | September 30, |  |
|  | 2018 |  | 2017 |  | 2018 |  | 2017
Revenues |  | $ | 167,696 |  | $ | 171,227 |  | $ | 332,185 |  | $ | 336,984
Cost of revenue |  | 95,218 |  | 91,063 |  | 188,835 |  | 180,962
Gross profit |  | 72,478 |  | 80,164 |  | 143,350 |  | 156,022
Operating expenses: |  |  |  |  |  |  |  |
Research and development |  | 7,352 |  | 8,414 |  | 14,918 |  | 17,137
Sales and marketing |  | 21,106 |  | 24,137 |  | 42,633 |  | 48,486
General and administrative |  | 27,789 |  | 8,200 |  | 44,383 |  | 16,969
Gains, losses and other items, net |  | 1,369 |  | 827 |  | 2,653 |  | 732
Total operating expenses |  | 57,616 |  | 41,578 |  | 104,587 |  | 83,324
Income from discontinued operations |  | 14,862 |  | 38,586 |  | 38,763 |  | 72,698
Interest expense |  | (2,864) |  | (2,524) |  | (5,702) |  | (4,866)
Other, net |  | (145) |  | (71) |  | 23 |  | (163)
Earnings from discontinued operations before income taxes |  | 11,853 |  | 35,991 |  | 33,084 |  | 67,669
Income taxes (benefit) |  | (49,950) |  | 13,326 |  | (53,522) |  | 19,225
Earnings from discontinued operations, net of tax |  | $ | 61,803 |  | $ | 22,665 |  | $ | 86,606 |  | $ | 48,444
Substantially all of the interest expense was allocated to discontinued operations. Included in income tax benefit from discontinued operations for the three and six months ended September 30, 2018 is approximately $45.6 million related to the recognition of deferred tax assets for net basis differences of AMS business subsidiaries. The carrying amounts of the major classes of assets and liabilities of AMS are segregated and included in assets and liabilities held for sale in the condensed consolidated balance sheets. The following is a reconciliation of the assets and liabilities held for sale (dollars in thousands):
|  | September 30, 2018 |  | March 31, 2018
|  | (Unaudited) |  | (Unaudited)
Cash and cash equivalents |  | $ | 6,731 |  | $ | 2,261
Trade accounts receivable, net |  | 122,507 |  | 115,141
Refundable income taxes |  | 30 |  | —
Other current assets |  | 23,920 |  | 20,972
Property and equipment, net |  | 116,338 |  | 124,193
Software, net |  | 21,093 |  | 21,014
Goodwill |  | 390,649 |  | 392,356
Purchased software licenses, net |  | 6,594 |  | 7,502
Deferred income taxes |  | 1,538 |  | 1,522
Deferred commissions, net |  | 11,929 |  | —
Other assets, net |  | 1,675 |  | 3,815
Assets held for sale |  | $ | 703,004 |  | $ | 688,776
Trade accounts payable |  | 30,755 |  | 27,929
Accrued payroll and related expenses |  | 21,893 |  | 28,725
Other accrued expenses |  | 18,446 |  | 16,241
Deferred revenue |  | 23,486 |  | 27,214
Income taxes payable |  | — |  | 244
Other liabilities |  | 2,583 |  | 3,707
Liabilities held for sale |  | $ | 97,163 |  | $ | 104,060

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- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721665-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1474-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721683-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=84176398&loc=SL51724579-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721675-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721663-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=84176398&loc=d3e2941-110230 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721673-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721659-107760 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721671-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721677-107760 + Details
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