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

12 Months Ended

Mar. 31, 2019

Revenue from Contract with Customer [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

Impacts on Financial Statements

Consolidated Balance Sheet						Impact of changes in accounting policies
						As reported March 31, 2019						Adjustments						Balances without adoption of Topic 606
Deferred income taxes						35						2,556						2,591
Deferred commissions, net						10,741						(10,741)						—
Others						1,462,135						—						1,462,135
Total assets						$	1,472,911					$	(8,185)					$	1,464,726
Total liabilities						142,079						—						142,079
Retained earnings						1,669,605						(8,185)						1,661,420
Other equity						(338,773)						—						(338,773)
Total equity						1,330,832						(8,185)						1,322,647
Total liabilities and equity						$	1,472,911					$	(8,185)					$	1,464,726

Consolidated Statement of Operations						Impact of changes in accounting policies
						As reported for the fiscal year ended March 31, 2019						Adjustments						Balances without adoption of Topic 606
Revenues						$	285,620					$	—					$	285,620
Cost of revenue						120,718						—						120,718
Gross profit						$	164,902					$	—					$	164,902
Operating expenses:
Sales and marketing						$	158,540					$	4,298					$	162,838
Other operating expenses						204,508						—						204,508
Total operating expenses						363,048						4,298						367,346
Loss from operations						(198,146)						(4,298)						(202,444)
Total other income						18,790						—						18,790
Loss from continuing operations before income taxes						(179,356)						(4,298)						(183,654)
Income taxes (benefit)						(45,409)						(1,023)						(46,432)
Net loss from continuing operations						$	(133,947)					$	(3,275)					$	(137,222)

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

Consolidated Statement of Cash Flows						Impact of changes in accounting policies
						As reported for the fiscal year ended March 31, 2019						Adjustments						Balances without adoption of Topic 606
Net earnings						$	1,028,547					$	(3,275)					$	1,025,272
Earnings from discontinued operations						(1,162,494)						—						(1,162,494)
Adjustments for:
Deferred income taxes						9,894						(1,023)						8,871
Others						143,033						—						143,033
Changes in:
Accounts receivable, net						(44,411)						—						(44,411)
Deferred commissions						(4,298)						4,298						—
Other assets						(3,106)						—						(3,106)
Accounts payable and other liabilities						25,308						—						25,308
Income taxes						5,087						—						5,087
Deferred revenue						462						—						462
Net cash from operating activities						(1,978)						—						(1,978)
Net cash from investing activities						(11,142)						—						(11,142)
Net cash from financing activities						(841,508)						—						(841,508)
Net cash from discontinued operations						1,777,833						—						1,777,833
Effect of exchange rate changes on cash						(1,750)						—						(1,750)
Net change in cash and cash equivalents						921,455						—						921,455
Cash and cash equivalents at beginning of period						140,018						—						140,018
Cash and cash equivalents at end of period						$	1,061,473					$	—					$	1,061,473

Disaggregation of Revenue

Disaggregation of Revenue

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

						For the twelve months ended
Primary Geographical Markets						March 31, 2019						March 31, 2018						March 31, 2017
United States						$	262,135					$	197,613					$	162,231
Europe						18,566						18,397						9,298
APAC						4,919						4,091						3,231
						$	285,620					$	220,101					$	174,760
Major Offerings/Services
Subscription						236,718						172,079						114,531
Marketplace and Other						48,902						48,022						39,854
Impact						—						—						20,375
						$	285,620					$	220,101					$	174,760

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

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Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

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