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DISCONTINUED OPERATIONS: | 6 Months Ended
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Sep. 30, 2019
Discontinued Operations and Disposal Groups [Abstract] |
DISCONTINUED OPERATIONS: | DISCONTINUED OPERATIONS: Acxiom Marketing Solutions business ("AMS") During fiscal 2019, the Company completed the sale of its AMS business to The Interpublic Group of Companies, Inc. (“IPG”) for $2.3 billion in cash. The business qualified for treatment as discontinued operations during fiscal 2019. Accordingly, the results of operations, cash flows and the balance sheet amounts pertaining to AMS, for all periods reported, have been classified as discontinued operations in the condensed consolidated financial statements. Results of operations of AMS for the three and six months ended September 30, 2018 are segregated and included in earnings from discontinued operations, net of tax, in the condensed consolidated statements of operations. The following is a reconciliation of the major classes of line items constituting earnings from discontinued operations, net of tax (dollars in thousands):
|  |  |  | For the three months ended |  |  |  | For the six months ended
|  |  |  | September 30, 2018 |  |  |  |
Revenues |  |  |  | $ | 167,696 |  |  |  |  | $ | 332,185 |
Cost of revenue |  |  |  | 95,218 |  |  |  |  | 188,835 |
Gross profit |  |  |  | 72,478 |  |  |  |  | 143,350 |
Operating expenses: |  |  |  |  |  |  |  |
Research and development |  |  |  | 7,352 |  |  |  |  | 14,918 |
Sales and marketing |  |  |  | 21,106 |  |  |  |  | 42,633 |
General and administrative |  |  |  | 27,789 |  |  |  |  | 44,383 |
Gains, losses and other items, net |  |  |  | 1,369 |  |  |  |  | 2,653 |
Total operating expenses |  |  |  | 57,616 |  |  |  |  | 104,587 |
Income from discontinued operations |  |  |  | 14,862 |  |  |  |  | 38,763 |
Interest expense |  |  |  | (2,864) |  |  |  |  | (5,702) |
Other, net |  |  |  | (145) |  |  |  |  | 23 |
Earnings from discontinued operations before income taxes |  |  |  | 11,853 |  |  |  |  | 33,084 |
Income taxes (benefit) |  |  |  | (49,950) |  |  |  |  | (53,522) |
Earnings from discontinued operations, net of tax |  |  |  | $ | 61,803 |  |  |  |  | $ | 86,606 |
Substantially all interest expense was allocated to discontinued operations. The Company entered into certain agreements with AMS in which services will be provided from the Company to AMS, and from AMS to the Company. The terms of these agreements are primarily 60 months from the date of sale. Cash inflows and outflows related to the agreements are included in cash flows from operating activities in the condensed consolidated statements of cash flows. Revenues and expenses related to the agreements are included in loss from operations in the condensed consolidated statement of operations. The related cash inflows and outflows and revenues and costs for the six months ended September 30, 2019 was (dollars in thousands):
|  | For the six months ended September 30, 2019
Cash inflows |  | $ | 24,879 |
Cash outflows |  | $ | 5,830 |
Revenues |  | $ | 25,277 |
Costs |  | $ | 4,089 |
The revenues amount includes approximately $10.2 million of revenue from AMS's resale of LiveRamp services to its customers. These amounts were also reported in the prior year as revenues in the condensed consolidated statement of operations.

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
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