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Income Taxes (Tables) | 12 Months Ended
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Mar. 31, 2023
Income Tax Disclosure [Abstract] |
Schedule of Provision (Benefit) for Income Taxes | The components of the Company’s income tax provision (benefit) attributable to operations are as follows:
|  | Year ended March 31,
|  | 2023 |  | 2022 |  | 2021
Current: |  |  |  |  |  |
U.S. federal |  | $ | (38) |  |  | $ | 236 |  |  | $ | — |
State and local |  | 637 |  |  | 703 |  |  | 204 |
Non-U.S. |  | 10,313 |  |  | 7,439 |  |  | 38 |
|  | 10,912 |  |  | 8,378 |  |  | 242 |
Deferred: |  |  |  |  |  |
U.S. federal |  | 3,026 |  |  | 1,485 |  |  | (13,185) |
State and local |  | (3,430) |  |  | (1,350) |  |  | (204) |
Non-U.S. |  | (5,362) |  |  | (110) |  |  | 120 |
|  | (5,766) |  |  | 25 |  |  | (13,269) |
Income tax provision (benefit) |  | $ | 5,146 |  |  | $ | 8,403 |  |  | $ | (13,027) |
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 (benefit) follows:
|  | Year ended March 31,
|  | 2023 |  | 2022 |  | 2021
Statutory federal income taxes |  | $ | 4,650 |  |  | $ | 9,256 |  |  | $ | 8,819 |
State income taxes, net of federal benefit |  | 77 |  |  | 938 |  |  | (1,284) |
State rate remeasurement |  | (2,992) |  |  | — |  |  | — |
Non-deductible expenses |  | 67 |  |  | 2,891 |  |  | 926 |
Disallowed executive compensation |  | 1,070 |  |  | — |  |  | — |
Excess deductions for stock compensation |  | 1,167 |  |  | (9,946) |  |  | (16,523) |
Foreign income inclusion, net |  | 3,926 |  |  | — |  |  | — |
Foreign rate differential |  | (2,682) |  |  | (1,554) |  |  | — |
Change in Mobile Posse earn-out |  | — |  |  | — |  |  | 3,238 |
Change in Fyber earn-out |  | — |  |  | 10,500 |  |  | — |
Change in AdColony earn-out |  | — |  |  | (1,872) |  |  | — |
Research and development tax credit |  | (3,000) |  |  | — |  |  | — |
Change in uncertain tax liability |  | 600 |  |  | 52 |  |  | 591 |
Change in valuation allowance |  | 6,500 |  |  | (1,503) |  |  | (11,223) |
Return-to-provision adjustments |  | (4,237) |  |  | (454) |  |  | 2,243 |
Other miscellaneous |  | — |  |  | 95 |  |  | 186 |
Income tax provision (benefit) |  | $ | 5,146 |  |  | $ | 8,403 |  |  | $ | (13,027) |
Deferred Tax Assets and Liabilities | Deferred income tax assets and liabilities consist of the following:
|  | Year ended March 31,
|  | 2023 |  | 2022 |  | 2021
Deferred income tax assets |  |  |  |  |  |
Net operating loss carry-forward |  | $ | 63,660 |  |  | $ | 76,219 |  |  | $ | 25,630 |
Stock-based compensation |  | 7,009 |  |  | 3,765 |  |  | 1,675 |
Accrued compensation |  | 1,562 |  |  | 3,724 |  |  | 1,968 |
Capitalized research and experimentation expenses |  | 4,965 |  |  | — |  |  | — |
Other |  | 1,366 |  |  | 1,700 |  |  | 1,919 |
Gross deferred income tax assets |  | 78,562 |  |  | 85,408 |  |  | 31,192 |
Valuation allowance |  | (25,921) |  |  | (19,914) |  |  | (5,287) |
Net deferred income tax assets |  | 52,641 |  |  | 65,494 |  |  | 25,905 |
Deferred income tax liabilities |  |  |  |  |  |
Depreciation and amortization |  | (2,063) |  |  | (5,795) |  |  | (2,627) |
Intangibles and goodwill |  | (64,518) |  |  | (79,675) |  |  | (10,315) |
Net deferred income tax assets (liabilities) |  | $ | (13,940) |  |  | $ | (19,976) |  |  | $ | 12,963 |
Summary of Operating Loss Carryforwards | The following details the scheduled expiration dates of the Company’s net operating loss (NOL) carryforwards:
|  | 2024 Through 2033 |  | 2034 Through 2043 |  | Indefinite |  | Total
U.S. federal NOLs |  | $ | — |  |  | $ | 45,741 |  |  | $ | 49,828 |  |  | $ | 95,569 |
State taxing jurisdictions NOLs |  | 6,487 |  |  | 103,636 |  |  | 1,395 |  |  | 111,518 |
Non-U.S. NOLs |  | — |  |  | — |  |  | 128,683 |  |  | 128,683 |
Total, net |  | $ | 6,487 |  |  | $ | 149,377 |  |  | $ | 179,906 |  |  | $ | 335,770 |
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, 2023, 2022, and 2021, is as follows:
|  | Year ended March 31,
|  | 2023 |  | 2022 |  | 2021
Balance at April 1 |  | $ | 1,424 |  |  | $ | 1,372 |  |  | $ | 787 |
Additions for tax positions of prior years |  | 600 |  |  | 52 |  |  | 585 |
Reductions for tax positions of prior years |  | — |  |  | — |  |  | — |
Balance at March 31 |  | $ | 2,024 |  |  | $ | 1,424 |  |  | $ | 1,372 |

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