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Investments (Tables)
6 Months Ended
Sep. 30, 2019
Equity Method Investments, and Investments in Debt and Equity Securities [Abstract]  
Carrying Amount of Investments, By Category
The Company's investments consisted of the following:
 
 
September 30,
2019
 
March 31,
2019
 
 
(Amounts in millions)
Investments in equity method investees
 
$
29.0

 
$
24.5

Other investments
 
1.3

 
1.7

 
 
$
30.3

 
$
26.2


Loss on Investments
 
Three Months Ended
 
Six Months Ended
 
September 30,
 
September 30,
 
2019
 
2018
 
2019
 
2018
 
(Amounts in millions)
Impairments of investments(1)
$

 
$
(34.2
)
 
$

 
$
(34.2
)
Unrealized losses on equity securities held as of September 30, 2019 and 2018, respectively
(0.4
)
 
(1.9
)
 
(0.3
)
 
(2.8
)
 
$
(0.4
)
 
$
(36.1
)
 
$
(0.3
)
 
$
(37.0
)
 ___________________
(1)
In the three and six months ended September 30, 2018, amounts represent other-than-temporary impairments on investments in equity securities without readily determinable fair values and notes receivable (previously included in other assets), which were written down to their estimated fair value.
Schedule of Equity Method Investments [Line Items]  
Summarized Balance Sheet Summarized financial information for the Company's equity method investees owned at September 30, 2019 and March 31, 2019, respectively, is set forth below:
 
September 30,
2019
 
March 31,
2019
 
(Amounts in millions)
Current assets
$
126.6

 
$
189.8

Non-current assets
$
66.1

 
$
55.7

Current liabilities
$
142.6

 
$
167.8

Non-current liabilities
$
44.6

 
$
46.7


Summarized Statement of Income
 
Three Months Ended
 
Six Months Ended
 
September 30,
 
September 30,
 
2019
 
2018
 
2019
 
2018
 
(Amounts in millions)
Revenues
$
47.0

 
$
30.7

 
$
77.2

 
$
53.4

Gross profit
$
16.2

 
$
15.3

 
$
24.3

 
$
19.6

Net loss
$
(8.6
)
 
$
(34.9
)
 
$
(31.0
)
 
$
(55.3
)

Pop  
Schedule of Equity Method Investments [Line Items]  
Summarized Balance Sheet
The following table presents the summarized statements of operations for the three and six months ended September 30, 2018 for Pop and a reconciliation of the net loss reported by Pop to equity interest loss recorded by the Company:
 
 
Three Months Ended
 
Six Months Ended
 
September 30,
 
September 30,
 
2018
 
2018
 
 
 
 
Revenues
$
25.9

 
$
51.5

Expenses:
 
 
 
Cost of services
12.4

 
25.5

Selling, marketing, and general and administration
11.5

 
23.4

Depreciation and amortization
2.0

 
4.0

Operating loss

 
(1.4
)
Interest expense, net
0.5

 
0.9

Accretion of redeemable preferred stock units(1)
22.6

 
44.4

Total interest expense, net
23.1

 
45.3

Net loss
$
(23.1
)
 
$
(46.7
)
Reconciliation of net loss reported by Pop to equity interest loss:
 
 
 
Net loss reported by Pop
$
(23.1
)
 
$
(46.7
)
Ownership interest in Pop
50
%
 
50
%
The Company's share of net loss
(11.6
)
 
(23.4
)
Accretion of dividend and interest income on redeemable preferred stock units(1)
11.3

 
22.2

Elimination of the Company's share of profits on licensing sales to Pop
(0.1
)
 
(0.2
)
Realization of the Company’s share of profits on licensing sales to Pop
0.1

 
0.3

Total equity interest loss recorded
$
(0.3
)
 
$
(1.1
)
 ___________________
(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 previously 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.
Summarized Statement of Income
The following table presents the summarized statements of operations for the three and six months ended September 30, 2018 for Pop and a reconciliation of the net loss reported by Pop to equity interest loss recorded by the Company:
 
 
Three Months Ended
 
Six Months Ended
 
September 30,
 
September 30,
 
2018
 
2018
 
 
 
 
Revenues
$
25.9

 
$
51.5

Expenses:
 
 
 
Cost of services
12.4

 
25.5

Selling, marketing, and general and administration
11.5

 
23.4

Depreciation and amortization
2.0

 
4.0

Operating loss

 
(1.4
)
Interest expense, net
0.5

 
0.9

Accretion of redeemable preferred stock units(1)
22.6

 
44.4

Total interest expense, net
23.1

 
45.3

Net loss
$
(23.1
)
 
$
(46.7
)
Reconciliation of net loss reported by Pop to equity interest loss:
 
 
 
Net loss reported by Pop
$
(23.1
)
 
$
(46.7
)
Ownership interest in Pop
50
%
 
50
%
The Company's share of net loss
(11.6
)
 
(23.4
)
Accretion of dividend and interest income on redeemable preferred stock units(1)
11.3

 
22.2

Elimination of the Company's share of profits on licensing sales to Pop
(0.1
)
 
(0.2
)
Realization of the Company’s share of profits on licensing sales to Pop
0.1

 
0.3

Total equity interest loss recorded
$
(0.3
)
 
$
(1.1
)
 ___________________
(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 previously 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.