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Income Taxes (Tables) | 12 Months Ended
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Mar. 31, 2022
Income Tax Disclosure [Abstract] |
Schedule of Provision (Benefit) for Income Taxes | The provision / (benefit) for income taxes by taxing jurisdiction was as follows:
|  | Year ended March 31,
|  | 2022 |  | 2021 |  | 2020
Current U.S. federal |  | $ | 236 |  |  | $ | — |  |  | $ | — |
Current state and local |  | 703 |  |  | 204 |  |  | 182 |
Current non-U.S. |  | 7,439 |  |  | 38 |  |  | (55) |
Total current |  | 8,378 |  |  | 242 |  |  | 127 |
Deferred U.S. federal |  | 1,485 |  |  | (13,185) |  |  | (7,928) |
Deferred state and local |  | (1,350) |  |  | (204) |  |  | (2,624) |
Deferred non-U.S. |  | (110) |  |  | 120 |  |  | 50 |
Total deferred |  | 25 |  |  | (13,269) |  |  | (10,502) |
Total income tax provision / (benefit) |  | $ | 8,403 |  |  | $ | (13,027) |  |  | $ | (10,375) |
Reconciliation of Income Tax Expense Between Statutory U S Income Tax Rate With Actual Income Tax Provision | A reconciliation of income tax expense using the statutory U.S. income tax rate compared with the actual income tax provision follows:
|  | Year ended March 31,
|  | 2022 |  | 2021 |  | 2020
Statutory federal income taxes |  | $ | 9,256 |  |  | $ | 8,819 |  |  | $ | 741 |
State income taxes, net of federal benefit |  | 938 |  |  | (1,284) |  |  | 144 |
Non-deductible expenses |  | 2,891 |  |  | 926 |  |  | 272 |
Change in warrant liability |  | — |  |  | — |  |  | 2,012 |
Change in Mobile Posse earn-out |  | — |  |  | 3,238 |  |  | — |
Change in Fyber earn-out |  | 10,500 |  |  | — |  |  | — |
Change in AdColony earn-out |  | (1,872) |  |  | — |  |  | — |
Excess deductions for stock compensation |  | (9,946) |  |  | (16,523) |  |  | (1,384) |
Change in uncertain tax liability |  | 52 |  |  | 591 |  |  | 32 |
Change in valuation allowance |  | (1,503) |  |  | (11,223) |  |  | (12,262) |
Foreign rate differential |  | (1,554) |  |  | — |  |  | — |
Return-to-provision adjustments |  | (454) |  |  | 2,243 |  |  | — |
Other miscellaneous |  | 95 |  |  | 186 |  |  | 70 |
Income tax provision / (benefit) |  | $ | 8,403 |  |  | $ | (13,027) |  |  | $ | (10,375) |
Deferred Tax Assets and Liabilities | Deferred tax assets and liabilities consist of the following:
|  | Year ended March 31,
|  | 2022 |  | 2021 |  | 2020
Deferred income tax assets |  |  |  |  |  |
Net operating loss carry-forward |  | $ | 76,219 |  |  | $ | 25,630 |  |  | $ | 21,913 |
Stock-based compensation |  | 3,765 |  |  | 1,675 |  |  | 3,775 |
Accrued compensation |  | 3,724 |  |  | 1,968 |  |  | 1,069 |
Other |  | 1,700 |  |  | 1,919 |  |  | 1,215 |
Gross deferred income tax assets |  | 85,408 |  |  | 31,192 |  |  | 27,972 |
Valuation allowance |  | (19,914) |  |  | (5,287) |  |  | (15,977) |
Net deferred income tax assets |  | 65,494 |  |  | 25,905 |  |  | 11,995 |
Deferred income tax liabilities |  |  |  |  |  |
Depreciation and amortization |  | (5,795) |  |  | (2,627) |  |  | (1,648) |
Intangibles and goodwill |  | (79,675) |  |  | (10,315) |  |  | (10,356) |
Net deferred income tax assets / (liabilities) |  | $ | (19,976) |  |  | $ | 12,963 |  |  | $ | (9) |
Fiscal year 2020 amounts recast for immaterial differences to match reported financial statements.
Summary of Operating Loss Carryforwards | The following details the scheduled expiration dates of the Company's net operating loss (NOL) carryforwards:
|  | 2023 Through 2032 |  | 2033 Through 2042 |  | Indefinite |  | Total
U.S. federal NOLs |  | $ | — |  |  | $ | 109,905 |  |  | $ | 71,021 |  |  | $ | 180,926 |
State taxing jurisdictions NOLs |  | 5,601 |  |  | 129,890 |  |  | 492 |  |  | 135,983 |
Non-U.S. NOLs |  | — |  |  | — |  |  | 108,111 |  |  | 108,111 |
Total, net |  | $ | 5,601 |  |  | $ | 239,795 |  |  | $ | 179,624 |  |  | $ | 425,020 |
Schedule of Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amounts of unrecognized tax benefits for the years ended March 31, 2022, 2021, and 2020, is as follows:
|  | Year ended March 31,
|  | 2022 |  | 2021 |  | 2020
Balance at April 1 |  | $ | 1,372 |  |  | $ | 787 |  |  | $ | 788 |
Additions for tax positions of prior years |  | 52 |  |  | 585 |  |  | — |
Reductions for tax positions of prior years |  | — |  |  | — |  |  | (1) |
Balance at March 31 |  | $ | 1,424 |  |  | $ | 1,372 |  |  | $ | 787 |

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