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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

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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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