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Income Taxes (Tables)

12 Months Ended

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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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of the change in unrecognized tax benefits.

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