Investments (Tables)

3 Months Ended

Jun. 30, 2018

Equity Method Investments, Cost Method Investments, and Investments in Debt and Equity [Abstract]

Carrying Amount of Investments, By Category

The carrying amounts of investments, by category, at June 30, 2018 and March 31, 2018 were as follows:



	June 30, 2018		March 31, 2018
	(Amounts in millions)
Equity method investments	$	123.2	$	127.0
Available-for-sale securities	6.5		7.3
Cost method investments	30.6		30.6
	$	160.3	$	164.9

Schedule of Equity Method Investments [Line Items]

Carrying Amount of Equity Method Investments

The carrying amounts of equity method investments at June 30, 2018 and March 31, 2018 were as follows:



	June 30, 2018
Equity Method Investee	Ownership Percentage	June 30, 2018		March 31, 2018
		(Amounts in millions)
Pop	50.0%	$	90.6	$	91.3
Other	Various	32.6		35.7
		$	123.2	$	127.0

Equity Method Investee, Income (Loss)

Equity interests in equity method investments for the three months ended June 30, 2018 and 2017 were as follows (income (loss)):



	Three Months Ended
	June 30,
Equity Method Investee	2018			2017
	(Amounts in millions)
EPIX⁽¹⁾	$	—		$	4.0
Pop	(0.8		)	(3.0		)
Other	(5.4		)	(9.3		)
	$	(6.2	)	$	(8.3	)

Pop

Schedule of Equity Method Investments [Line Items]

Summarized Balance Sheet

The following table presents summarized balance sheet data as of June 30, 2018 and March 31, 2018 for Pop:



	June 30, 2018		March 31, 2018
	(Amounts in millions)
Current assets	$	52.4	$	48.2
Non-current assets	$	191.7	$	191.6
Current liabilities	$	39.2	$	37.2
Non-current liabilities⁽¹⁾	$	680.8	$	654.9
Redeemable preferred stock⁽¹⁾	$	660.1	$	638.4

_________________________


(1)	Non-current liabilities includes mandatorily redeemable preferred stock units.

Summarized Statement of Income

The following table presents the summarized statements of operations for the three months ended June 30, 2018, and 2017 for Pop and a reconciliation of the net loss reported by Pop to equity interest loss recorded by the Company:



	Three Months Ended
	June 30,
	2018			2017

Revenues	$	25.6		$	24.7
Expenses:
Cost of services	13.1			16.9
Selling, marketing, and general and administration	11.9			12.1
Depreciation and amortization	2.0			2.0
Operating loss	(1.4		)	(6.3		)
Interest expense, net	0.5			0.2
Accretion of redeemable preferred stock units⁽¹⁾	21.7			18.6
Total interest expense, net	22.2			18.8
Net loss	$	(23.6	)	$	(25.1	)
Reconciliation of net loss reported by Pop to equity interest loss:
Net loss reported by Pop	$	(23.6	)	$	(25.1	)
Ownership interest in Pop	50		%	50		%
The Company's share of net loss	(11.8		)	(12.6		)
Accretion of dividend and interest income on redeemable preferred stock units⁽¹⁾	10.9			9.3
Elimination of the Company's share of profits on licensing sales to Pop	—			(0.1		)
Realization of the Company’s share of profits on licensing sales to Pop	0.1			0.4
Total equity interest loss recorded	$	(0.8	)	$	(3.0	)

___________________

(1)

Accretion of mandatorily redeemable preferred stock units represents Pop's 10% dividend and the amortization of discount on its mandatorily redeemable preferred stock units held by the Company and the other interest holder. The Company recorded its share of this expense as income from the accretion of dividend and discount on mandatorily redeemable preferred stock units within equity interest loss.

Other

Schedule of Equity Method Investments [Line Items]

Summarized Balance Sheet

Summarized financial information for the Company's "other equity method investees", on an aggregate basis, is set forth below:



	June 30, 2018		March 31, 2018
	(Amounts in millions)
Current assets	$	181.1	$	232.7
Non-current assets	$	59.3	$	130.0
Current liabilities	$	135.1	$	201.5
Non-current liabilities	$	10.9	$	45.0

Summarized Statement of Income



	Three Months Ended
	June 30,
	2018			2017
	(Amounts in millions)
Revenues	$	22.7		$	38.8
Gross profit	$	4.3		$	8.7
Net loss	$	(18.7	)	$	(29.8	)