XML 59 R36.htm IDEA: XBRL DOCUMENT
v3.24.1.1.u2

Income Taxes (Tables) | 12 Months Ended
--- | ---
Mar. 31, 2024
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,
|  | 2024 |  | 2023 |  | 2022
Current: |  |  |  |  |  |
U.S. federal |  | $ | — |  |  | $ | (38) |  |  | $ | 236 |
State and local |  | — |  |  | 637 |  |  | 703 |
Non-U.S. |  | 8,262 |  |  | 10,313 |  |  | 7,439 |
|  | 8,262 |  |  | 10,912 |  |  | 8,378 |
Deferred: |  |  |  |  |  |
U.S. federal |  | 5,925 |  |  | 3,026 |  |  | 1,485 |
State and local |  | 5,491 |  |  | (3,430) |  |  | (1,350) |
Non-U.S. |  | (4,361) |  |  | (5,362) |  |  | (110) |
|  | 7,055 |  |  | (5,766) |  |  | 25 |
Income tax provision |  | $ | 15,317 |  |  | $ | 5,146 |  |  | $ | 8,403 |
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,
|  | 2024 |  | 2023 |  | 2022
Statutory federal income taxes |  | $ | (85,077) |  |  | $ | 4,650 |  |  | $ | 9,256 |
State income taxes, net of federal benefit |  | — |  |  | 77 |  |  | 938 |
State rate remeasurement |  | 1,680 |  |  | (2,992) |  |  | — |
Non-deductible expenses |  | 176 |  |  | 67 |  |  | 2,891 |
Disallowed executive compensation |  | 1,145 |  |  | 1,070 |  |  | — |
Excess deductions for stock compensation |  | 2,783 |  |  | 1,167 |  |  | (9,946) |
Foreign income inclusion, net |  | — |  |  | 3,926 |  |  | — |
Foreign rate differential |  | (544) |  |  | (2,682) |  |  | (1,554) |
Impairment of goodwill |  | 64,346 |  |  | — |  |  | — |
Change in Mobile Posse earn-out |  | — |  |  | — |  |  | — |
Change in Fyber earn-out |  | — |  |  | — |  |  | 10,500 |
Change in AdColony earn-out |  | — |  |  | — |  |  | (1,872) |
Research and development tax credit |  | (721) |  |  | (3,000) |  |  | — |
Change in uncertain tax liability |  | 144 |  |  | 600 |  |  | 52 |
Change in valuation allowance |  | 29,010 |  |  | 6,500 |  |  | (1,503) |
Return-to-provision adjustments |  | 2,375 |  |  | (4,237) |  |  | (454) |
Other miscellaneous |  | — |  |  | — |  |  | 95 |
Income tax provision |  | $ | 15,317 |  |  | $ | 5,146 |  |  | $ | 8,403 |
Schedule of Deferred Tax Assets and Liabilities | Deferred income tax assets and liabilities consist of the following:
|  | Year ended March 31,
|  | 2024 |  | 2023 |  | 2022
Deferred income tax assets |  |  |  |  |  |
Net operating loss carry-forward |  | $ | 74,997 |  |  | $ | 63,660 |  |  | $ | 76,219 |
Stock-based compensation |  | 6,527 |  |  | 7,009 |  |  | 3,765 |
Accrued compensation |  | 219 |  |  | 1,562 |  |  | 3,724 |
Capitalized research and experimentation expenses |  | 2,311 |  |  | 4,965 |  |  | — |
Disallowed Interest |  | 7,886 |  |  | 1,366 |  |  | 1,700 |
Gross deferred income tax assets |  | 91,940 |  |  | 78,562 |  |  | 85,408 |
Valuation allowance |  | (55,852) |  |  | (25,921) |  |  | (19,914) |
Net deferred income tax assets |  | 36,088 |  |  | 52,641 |  |  | 65,494 |
Deferred income tax liabilities |  |  |  |  |  |
Depreciation and amortization |  | (1,427) |  |  | (2,063) |  |  | (5,795) |
Intangibles and goodwill |  | (55,085) |  |  | (64,518) |  |  | (79,675) |
Net deferred income tax assets (liabilities) |  | $ | (20,424) |  |  | $ | (13,940) |  |  | $ | (19,976) |
Schedule of Operating Loss Carryforwards | The following details the scheduled expiration dates of the Company’s net operating loss (NOL) carryforwards:
|  | 2025 Through 2034 |  | 2035 Through 2044 |  | Indefinite |  | Total
U.S. federal NOLs |  |  |  | $ | 48,115 |  |  | $ | 53,556 |  |  | $ | 101,671 |
State taxing jurisdictions NOLs |  | 8,695 |  |  | 121,466 |  |  | 29,211 |  |  | 159,372 |
Non-U.S. NOLs |  |  |  |  |  | 154,548 |  |  | 154,548 |
Total, net |  | $ | 8,695 |  |  | $ | 169,581 |  |  | $ | 237,315 |  |  | $ | 415,591 |
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, 2024, 2023, and 2022, is as follows:
|  | Year ended March 31,
|  | 2024 |  | 2023 |  | 2022
Balance at April 1 |  | $ | 2,024 |  |  | $ | 1,424 |  |  | $ | 1,372 |
Additions for tax positions of prior years |  | 144 |  |  | 600 |  |  | 52 |
Reductions for tax positions of prior years |  | — |  |  | — |  |  | — |
Balance at March 31 |  | $ | 2,168 |  |  | $ | 2,024 |  |  | $ | 1,424 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 9 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 12 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 217 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482663/740-10-55-217 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-15A + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, including an assessment of the likelihood of utilization. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-3 + Details
Name: | us-gaap_SummaryOfOperatingLossCarryforwardsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration