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Merger and Acquisitions (Components of Purchase Consideration) (Details) - USD ($)
$ / shares in Units, $ in Millions
12 Months Ended
Dec. 08, 2016
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2017
Business Acquisition [Line Items]        
Gain recognized on Starz available-for-sale securities   $ 0.0 $ 0.0 $ 20.4
Starz        
Business Acquisition [Line Items]        
Cost basis $ 158.9      
Gain recognized on Starz available-for-sale securities       $ 20.4
Market value, as of December 8, 2016, of Starz Series A and Series B common stock already owned by Lionsgate [1] 179.3      
Cash consideration paid to Starz stockholders 1,176.1      
Fair value of Lionsgate voting and non-voting shares issued to Starz's stockholders 1,327.7      
Replacement of Starz share-based payment awards [2] 186.5      
Total purchase consideration 3,666.9      
Replacement of Starz share-based payment awards, unvested 43.3      
Starz Series A Common Stock | Starz        
Business Acquisition [Line Items]        
Cash consideration paid to Starz stockholders $ 1,123.3      
Cash to be paid per outstanding share (in usd per share) $ 18.00      
Starz Series A Common Stock | Starz | Class B Non-Voting Common Shares        
Business Acquisition [Line Items]        
Fair value of Lionsgate voting and non-voting shares issued to Starz's stockholders $ 1,088.0      
Stock conversion ratio 0.6784      
Starz Series B Common Stock | Starz        
Business Acquisition [Line Items]        
Cash consideration paid to Starz stockholders $ 52.8      
Cash to be paid per outstanding share (in usd per share) $ 7.26      
Starz Series B Common Stock | Starz | Class B Non-Voting Common Shares        
Business Acquisition [Line Items]        
Fair value of Lionsgate voting and non-voting shares issued to Starz's stockholders $ 118.1      
Stock conversion ratio 0.6321      
Starz Series B Common Stock | Starz | Class A Voting Common Shares        
Business Acquisition [Line Items]        
Fair value of Lionsgate voting and non-voting shares issued to Starz's stockholders $ 121.6      
Stock conversion ratio 0.6321      
Starz Dissenting Shareholders | Starz        
Business Acquisition [Line Items]        
Dissenting shareholders' liability [3] $ 797.3      
[1] The difference between the fair value ($179.3 million) and the original cost ($158.9 million) of the available-for-sale investment in equity securities of Starz held by Lionsgate on the date of the Starz Merger (December 8, 2016), amounting to $20.4 million, was reflected in the gain (loss) on investments line item in the consolidated statement of operations for the fiscal year ended March 31, 2017.
[2] Upon the closing of the merger, each outstanding share-based equity award (i.e., stock options, restricted stock, and restricted stock units) of Starz was replaced by a Lions Gate non-voting share-based equity award (“Lions Gate replacement award”) with terms equivalent to the existing awards based on the exchange ratio set forth in the Merger Agreement. Each Starz outstanding award was measured at fair value on the date of acquisition and the portion attributable to pre-combination service was recorded as part of the purchase consideration. The fair value of the Lions Gate replacement award measured on the date of acquisition in excess of the fair value of the Starz award attributed to and recorded as part of the purchase consideration was attributed to post-combination services and is being recognized as share-based compensation expense over the remaining post-combination service period. The estimated aggregate fair value of the Lions Gate replacement awards recorded as part of the purchase consideration was $186.5 million, and the estimated remaining aggregate fair value totaling $43.3 million is being recognized in accordance with each respective award’s vesting terms. The fair value of the Lions Gate replacement restricted stock and restricted stock unit awards was determined based on the value estimated for the Class A voting shares and Class B non-voting shares as of the acquisition date as discussed above. The fair value of Lions Gate replacement stock option awards was determined using the Black-Scholes option valuation model using the estimated fair value of the Class B non-voting shares underlying the replacement stock options. For purposes of valuing the Lions Gate replacement awards, the following weighted-average applicable assumptions were used in the Black-Scholes option valuation model:Weighted average assumptions: Risk-free interest rate0.39% - 1.83%Expected option lives (years)0.01 - 5.50 yearsExpected volatility35%Expected dividend yield0%The risk-free rate assumed in valuing the options is based on the U.S. Treasury Yield curve in effect applied against the expected term of the option at the time of the grant. The expected option lives represents the period of time that options are expected to be outstanding. Expected volatilities are based on implied volatilities from traded options on Lions Gate’s stock, historical volatility of Lions Gate’s stock and other factors. The expected dividend yield was zero since the combined company had suspended the quarterly dividend.
[3] In connection with the Starz Merger, Starz received demands for appraisal from purported holders of approximately 22.5 million shares of Starz Series A common stock, and the Company recorded a dissenting shareholders' liability at the time of acquisition for the value of the original merger consideration attributable to the dissenting shareholders. As of March 31, 2018, the Company had not paid the merger consideration for the shares that had demanded appraisal but had recorded a liability of $869.3 million that was included in current dissenting shareholders' liability on the consolidated balance sheet for the estimated value of the merger consideration that would have been payable for such shares, plus interest accrued at the Federal Reserve discount rate plus 5%, compounded quarterly. In November 2018 a settlement agreement was reached and the dissenting shareholders' liability was paid. See Note 17 for further information.