XML 136 R117.htm IDEA: XBRL DOCUMENT v3.19.1
Restructuring and Other (Restructuring and Other) (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2019
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2017
Restructuring Cost and Reserve [Line Items]        
Restructuring and other   $ 78.0 $ 59.8 $ 88.7
Programming and content charges $ 35.1 35.1 [1] 0.0 [1] 0.0 [1]
Total restructuring and other and programming and content charges   113.1 59.8 88.7
Severance        
Restructuring Cost and Reserve [Line Items]        
Restructuring and other [2]   47.5 24.4 29.1
Severance | Accounts Payable and Accrued Liabilities        
Restructuring Cost and Reserve [Line Items]        
Restructuring costs recorded as a liability $ 21.2 21.2    
Transaction and related costs        
Restructuring Cost and Reserve [Line Items]        
Restructuring and other [3]   30.5 22.2 59.6
Arbitration award expense       5.8
Development expense        
Restructuring Cost and Reserve [Line Items]        
Restructuring and other [4]   0.0 13.2 0.0
Cash | Severance        
Restructuring Cost and Reserve [Line Items]        
Restructuring and other [2]   31.5 21.5 26.7
Accelerated vesting on equity awards | Severance        
Restructuring Cost and Reserve [Line Items]        
Restructuring and other [2]   $ 16.0 $ 2.9 $ 2.4
[1] During the fourth quarter of the fiscal year ended March 31, 2019, in connection with recent management changes, the Company implemented changes to its programming strategy including programming that will no longer be broadcast on Starz networks. As a result, the Company recorded certain programming and content charges of $35.1 million in fiscal 2019, which are included in direct operating expense in the consolidated statement of operations.
[2] Severance costs in the fiscal years ended March 31, 2019, 2018 and 2017 were primarily related to restructuring activities in connection with recent acquisitions, and other cost-saving initiatives. Of the severance costs, $21.2 million is recorded as a liability and is expected to be paid by March 31, 2020.
[3] Transaction and related costs in the fiscal years ended March 31, 2019, 2018 and 2017 reflect transaction, integration and legal costs incurred associated with certain strategic transactions and legal matters. In fiscal 2019, these costs were primarily related to the legal fees associated with the Starz class action lawsuits and other matters and, to a lesser extent, costs related to the acquisition of 3 Arts Entertainment and other strategic transactions. In fiscal 2018, these costs were primarily related to the sale of EPIX (see Note 5), the legal fees associated with the Starz class action lawsuits and other matters, and the integration of Starz. In fiscal 2017, these costs were primarily related to the Starz Merger, the legal fees associated with the Starz class action lawsuits, and an arbitration award of $5.8 million and related legal expenses.
[4] Development expense in the fiscal year ended March 31, 2018 represents write-downs resulting from the restructuring of the Motion Picture business in connection with the acquisition of Good Universe and new management's decisions around the creative direction on certain development projects which were abandoned in the fiscal year ended March 31, 2018.