LiveRamp (RAMP) 10-Q 5 Aug 16 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jun. 30, 2016	Aug. 02, 2016
Document and Entity Information
Entity Registrant Name	ACXIOM CORP
Entity Central Index Key	733,269
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		77,409,054
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2016	Mar. 31, 2016
Current assets:
Cash and cash equivalents	$ 150,160	$ 189,629
Trade accounts receivable, net	127,655	138,650
Refundable income taxes	7,606	9,834
Other current assets	34,919	37,897
Total current assets	320,340	376,010
Property and equipment, net of accumulated depreciation and amortization	179,211	183,043
Software, net of accumulated amortization	52,537	55,735
Goodwill	492,598	492,745
Purchased software licenses, net of accumulated amortization	9,561	10,116
Deferred income taxes	6,170	6,885
Other assets, net	23,547	25,315
TOTAL ASSETS	1,083,964	1,149,849
Current liabilities:
Current installments of long-term debt	32,262	32,243
Trade accounts payable	26,216	37,717
Accrued expenses
Payroll	27,733	61,309
Other	47,977	48,254
Deferred revenue	38,378	44,477
Total current liabilities	172,566	224,000
Long-term debt	150,124	157,897
Deferred income taxes	52,571	53,964
Other liabilities	14,939	15,020
Commitments and contingencies
Equity:
Common stock	13,102	13,039
Additional paid-in capital	1,095,510	1,082,220
Retained earnings	602,477	598,501
Accumulated other comprehensive income	7,590	8,590
Treasury stock, at cost	(1,024,915)	(1,003,382)
Total equity	693,764	698,968
TOTAL LIABILITIES AND EQUITY	$ 1,083,964	$ 1,149,849

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
CONSOLIDATED STATEMENTS OF OPERATIONS
Revenues	$ 214,801	$ 196,895
Cost of revenue	122,819	117,709
Gross profit	91,982	79,186
Operating expenses:
Research and development	18,652	20,011
Sales and marketing	37,348	29,494
General and administrative	27,506	31,743
Gains, losses and other items, net	314	807
Total operating expenses	83,820	82,055
Income (loss) from operations	8,162	(2,869)
Other income (expense):
Interest expense	(1,812)	(1,885)
Other, net	307	304
Total other expense	(1,505)	(1,581)
Income (loss) from continuing operations before income taxes	6,657	(4,450)
Income taxes	2,681	732
Net earnings (loss) from continuing operations	3,976	(5,182)
Earnings from discontinued operations, net of tax		4,143
Net earnings (loss)	$ 3,976	$ (1,039)
Basic earnings (loss) per share:
Net earnings (loss) from continuing operations (in dollars per share)	$ 0.05	$ (0.07)
Net earnings from discontinued operations (in dollars per share)		0.05
Net earnings (loss) (in dollar per share)	0.05	(0.01)
Diluted earnings (loss) per share:
Net earnings (loss) from continuing operations (in dollars per share)	0.05	(0.07)
Net earnings from discontinued operations (in dollars per share)		0.05
Net earnings (loss) (in dollars per share)	$ 0.05	$ (0.01)

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Net earnings (loss)	$ 3,976	$ (1,039)
Other comprehensive income (loss):
Change in foreign currency translation adjustment	(1,005)	718
Unrealized gain on interest rate swap	5	11
Other comprehensive income (loss)	(1,000)	729
Comprehensive income (loss)	$ 2,976	$ (310)

CONSOLIDATED STATEMENT OF EQUIT

CONSOLIDATED STATEMENT OF EQUITY - 3 months ended Jun. 30, 2016 - USD ($) $ in Thousands	Common Stock	Additional paid-in Capital	Retained earnings	Accumulated other comprehensive income	Treasury Stock	Total
Balances at Mar. 31, 2016	$ 13,039	$ 1,082,220	$ 598,501	$ 8,590	$ (1,003,382)	$ 698,968
Balances (in shares) at Mar. 31, 2016	130,390,106				(53,030,682)
Increase (Decrease) in Stockholders' Equity
Employee stock awards, benefit plans and other issuances	$ 29	4,271			$ (1,326)	2,974
Employee stock awards, benefit plans and other issuances (in shares)	288,212				(66,955)
Tax impact of stock options, warrants and restricted stock		463				463
Non-cash stock-based compensation	$ 1	8,589				8,590
Non-cash shareNon-cash stock-based compensation (in shares)	14,746
Restricted stock units vested	$ 33	(33)
Restricted stock units vested (in shares)	331,800
Acquisition of treasury stock					$ (20,207)	(20,207)
Acquisition of treasury stock (in shares)					(925,838)
Comprehensive income (loss):
Foreign currency translation				(1,005)		(1,005)
Unrealized gain on interest rate swap				5		5
Net earnings (loss)			3,976			3,976
Balances at Jun. 30, 2016	$ 13,102	$ 1,095,510	$ 602,477	$ 7,590	$ (1,024,915)	$ 693,764
Balances (in shares) at Jun. 30, 2016	131,024,864				(54,023,475)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities:
Net earnings (loss)	$ 3,976	$ (1,039)
Earnings from discontinued operations, net of tax		(4,143)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:
Depreciation and amortization	20,790	21,775
Loss on disposal or impairment of assets		241
Deferred income taxes	(678)	(1,522)
Non-cash stock-based compensation expense	8,590	8,123
Changes in operating assets and liabilities:
Accounts receivable, net	9,487	(8,037)
Other assets	5,383	384
Accounts payable and other liabilities	(41,021)	(3,530)
Deferred revenue	(5,777)	(255)
Net cash provided by operating activities	750	11,997
Cash flows from investing activities:
Capitalized software development costs	(3,982)	(2,797)
Capital expenditures	(10,694)	(12,876)
Data acquisition costs	(20)	(430)
Net cash used in investing activities	(14,696)	(16,103)
Cash flows from financing activities:
Payments of debt	(8,053)	(8,099)
Sale of common stock, net of stock acquired for withholding taxes	2,974	2,069
Excess tax benefits from stock-based compensation	514	(77)
Acquisition of treasury stock	(20,207)	(14,951)
Net cash used in financing activities	(24,772)	(21,058)
Net cash used in continuing operations	(38,718)	(25,164)
Cash flows from discontinued operations:
Net cash provided by operating activities		11,653
Net cash used in investing activities		(4,484)
Net cash used in financing activities		(153)
Net cash provided by discontinued operations		7,016
Net cash used in continuing and discontinued operations	(38,718)	(18,148)
Effect of exchange rate changes on cash	(751)	330
Net change in cash and cash equivalents	(39,469)	(17,818)
Cash and cash equivalents at beginning of period	189,629	141,010
Cash and cash equivalents at end of period	150,160	123,192
Cash paid (received) during the period for:
Interest	2,258	2,185
Income Taxes Paid, Net, Total	76	1,044
Payments on capital leases and installment payment arrangements		216
Other debt payments	$ 8,053	$ 8,036

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:	3 Months Ended
	Jun. 30, 2016
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:	1. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: These condensed consolidated financial statements have been prepared by Acxiom Corporation (“Registrant,” “Acxiom”, we, us or the “Company”), without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC” or the “Commission”). In the opinion of the Registrant’s management all adjustments necessary for a fair presentation of the results for the periods included have been made and the disclosures are adequate to make the information presented not misleading. All such adjustments are of a normal recurring nature. Certain note information has been omitted because it has not changed significantly from that reflected in Notes 1 through 18 of the Notes to Consolidated Financial Statements filed as part of Item 8 of the Registrant’s annual report on Form 10-K for the fiscal year ended March 31, 2016 (“2016 Annual Report”), as filed with the Commission on May 27, 2016. This quarterly report and the accompanying condensed consolidated financial statements should be read in connection with the 2016 Annual Report. The financial information contained in this quarterly report is not necessarily indicative of the results to be expected for any other period or for the full fiscal year ending March 31, 2017. Management of the Company has made a number of estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities to prepare these condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States (“U.S. GAAP”). Actual results could differ from those estimates. Certain of the accounting policies used in the preparation of these condensed consolidated financial statements are complex and require management to make judgments and/or significant estimates regarding amounts reported or disclosed in these financial statements. Additionally, the application of certain of these accounting policies is governed by complex accounting principles and their interpretation. A discussion of the Company’s significant accounting principles and their application is included in Note 1 of the Notes to Consolidated Financial Statements and in Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations, of the Company’s 2016 Annual Report. Unless otherwise indicated, information in these notes to the condensed consolidated financial statements relates to continuing operations. Recent Accounting Pronouncements Not Yet Adopted In March 2016, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting as part of its simplification initiative. The objective of the simplification initiative is to identify, evaluate, and improve areas of U.S. GAAP for which cost and complexity can be reduced while maintaining the usefulness of the information provided to users of financial statements. The areas for simplification in ASU 2016-09 involve several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. ASU 2016-09 is effective for annual periods beginning after December 15, 2016 (fiscal 2018 for the Company), including interim periods within those fiscal years. Earlier adoption is permitted. The Company is currently evaluating the impact of the adoption of this guidance on its consolidated financial condition, results of operations and cash flows. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), as a comprehensive new standard that amends various aspects of existing guidance for leases and requires additional disclosures about leasing arrangements. The new standard will require lessees to recognize lease assets and lease liabilities for those leases classified as operating leases under previous guidance, ASC 840, Leases. ASU 2016-02 creates a new Topic, ASC 842, Leases. This new Topic retains a distinction between finance leases and operating leases. The classification criteria for distinguishing between finance leases and operating leases are substantially similar to the classification criteria for distinguishing between capital leases and operating leases in the previous leases guidance. ASU 2016-02 is effective for annual periods beginning after December 15, 2018 (fiscal 2020 for the Company), including interim periods within those fiscal years. Earlier adoption is permitted. In the financial statements in which the ASU is first applied, leases shall be measured and recognized at the beginning of the earliest comparative period presented with an adjustment to equity. The Company is currently evaluating the impact of the adoption of this guidance on its consolidated financial condition, results of operations and cash flows. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers: Topic 606, to supersede nearly all existing revenue recognition guidance under U.S. GAAP, as well as some cost guidance and guidance on certain gains and losses. The FASB also issued ASU 2016-08, Revenue from Contracts with Customers – Principal versus Agent Considerations, and ASU 2016-10, Revenue from Contracts with Customers – Identifying Performance Obligations and Licensing. The core principle of the new guidance is to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration that is expected to be received for those goods or services. The guidance defines a five-step process to achieve this core principle and, in doing so, it is possible more judgment and estimates may be required within the revenue recognition process than are required under existing U.S. GAAP, including identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation, among other areas. The effective date for the update has been deferred until fiscal 2019 for the Company, with early application allowed for fiscal 2018. Adoption of the update may be applied using either of two methods: (i) retrospective application to each prior reporting period presented with the option to elect certain practical expedients; or (ii) retrospective application with the cumulative effect recognized at the date of initial application and providing certain additional disclosures. The Company is currently evaluating the accounting, transition and disclosure requirements of the standard and cannot currently estimate the financial statement impact of adoption. The Company does not anticipate that the adoption of any other recent accounting pronouncements will have a material impact on the Company's consolidated financial position, results of operations, or cash flows.

EARNINGS (LOSS) PER SHARE AND S

EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY:	3 Months Ended
	Jun. 30, 2016
EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY:
EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY:	2. EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS’ EQUITY: Earnings (Loss) Per Share A reconciliation of the numerator and denominator of basic and diluted earnings (loss) per share is shown below (in thousands, except per share amounts): For the quarter ended June 30, 2016 2015 Basic earnings (loss) per share: Net income (loss) from continuing operations $ $ Net earnings from discontinued operations, net of tax — Net earnings (loss) $ $ Basic weighted-average shares outstanding Basic earnings (loss) per share: Continuing operations $ $ Discontinued operations — Net earnings (loss) $ $ Diluted earnings (loss) per share: Basic weighted-average shares outstanding Dilutive effect of common stock options, warrants, and restricted stock as computed under the treasury stock method — Diluted weighted-average shares outstanding Diluted earnings (loss) per share: Continuing operations $ $ Discontinued operations — Net earnings (loss) $ $ Some earnings (loss) per share amounts may not add due to rounding. Due to the net loss from continuing operations incurred by the Company during the quarter ended June 30, 2015, the dilutive effect of options, warrants and restricted stock units covering 1.4 million shares of common stock was excluded from the diluted loss per share calculation since the impact on the calculation was anti-dilutive. Additional options and warrants to purchase shares of common stock and restricted stock units, including performance-based restricted stock units not meeting performance criteria, that were outstanding during the periods presented but were not included in the computation of diluted earnings (loss) per share because the effect was anti-dilutive are shown below (in thousands, except per share amounts): For the quarter ended June 30, 2016 2015 Number of shares outstanding under options, warrants and restricted stock units Range of exercise prices for options $ 19.07 - $32.85 $ 2.58 - $62.06 Stockholders’ Equity On August 29, 2011, the board of directors adopted a common stock repurchase program. That program was subsequently modified and expanded, most recently on July 28, 2016 (see Note 14). Under the modified common stock repurchase program, the Company may purchase up to $400.0 million of its common stock through the period ending June 30, 2018. During the three months ended June 30, 2016, the Company repurchased 0.9 million shares of its common stock for $20.2 million. Through June 30, 2016, the Company had repurchased 16.4 million shares of its stock for $275.4 million, leaving remaining capacity of $124.6 million under the stock repurchase program. Accumulated Other Comprehensive Income The following table presents the accumulated balances for each component of other comprehensive income (dollars in thousands): June 30, March 31, 2016 2016 Foreign currency translation $ $ Unrealized loss on interest rate swap $ $

SHARE-BASED COMPENSATION_

SHARE-BASED COMPENSATION:	3 Months Ended
	Jun. 30, 2016
SHARE-BASED COMPENSATION:
SHARE-BASED COMPENSATION:	3. SHARE-BASED COMPENSATION: Share-based Compensation Plans The Company has stock option and equity compensation plans for which a total of 28.9 million shares of the Company’s common stock have been reserved for issuance since the inception of the plans. These plans provide that the exercise prices of qualified options will be at or above the fair market value of the common stock at the time of the grant. Board policy requires that nonqualified options also be priced at or above the fair market value of the common stock at the time of grant. At June 30, 2016, there were a total of 2.3 million shares available for future grants under the plans. Stock Option Activity Stock option activity for the three-month period ended June 30, 2016 was: Weighted-average Weighted-average remaining Aggregate Number of exercise price contractual term Intrinsic value shares per share (in years) (in thousands) Outstanding at March 31, 2016 3,604,102 $ Exercised $ $ Forfeited or cancelled $ Outstanding at June 30, 2016 $ $ Exercisable at June 30, 2016 $ $ The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the difference between Acxiom’s closing stock price on the last trading day of the quarter and the exercise price for each in-the-money option) that would have been realized by the option holders had option holders exercised their options on June 30, 2016. This amount changes based upon changes in the fair market value of Acxiom’s common stock. A summary of stock options outstanding and exercisable as of June 30, 2016 is presented below: Options outstanding Options exercisable Range of Weighted-average Weighted-average Weighted-average exercise price Options remaining exercise price Options exercise price per share outstanding contractual life per share exercisable per share $ - $ years $ $ $ - $ years $ $ $ - $ years $ $ $ - $ years $ $ years $ $ Total expense related to stock options for the three months ended June 30, 2016 and 2015 was approximately $1.8 million and $2.7 million, respectively. Future expense for these options is expected to be approximately $7.8 million over the next four years. Performance Stock Option Unit Activity On June 29, 2016, the Company granted 622,084 performance-based stock option units with a value at the date of grant of $4.8 million, determined using a Monte Carlo simulation model. All of the units granted in the current period vest and become exercisable in three equal tranches, each being subject to attainment of performance criteria and a subsequent service period established by the compensation committee of the board of directors (“Comp Committee”). Each of the three tranches may vest in a number of stock options, from zero to 300% of the initial award, each having an exercise price of $21.32 , based on the attainment of certain revenue growth and operating margin targets for the years ending March 31, 2017, 2018, and 2019 respectively. Each tranche is subject to a service period following the respective performance periods, such that each tranche will cliff vest in two separate 50% increments over two years beginning with the Comp Committee meeting that immediately follows the end of the respective performance period. Performance stock option unit activity for the three-month period ended June 30, 2016 was: Weighted-average Weighted-average remaining Aggregate Number exercise price contractual term intrinsic value of shares per share (in years) (in thousands) Outstanding at March 31, 2016 — $ — Granted $ Outstanding at June 30, 2016 $ $ Exercisable at June 30, 2016 — $ — — $ — Total expense related to performance stock option units for the three months ended June 30, 2016 was not material. Future expense for these performance stock option units is expected to be approximately $4.8 million over the next four years. Stock Appreciation Right (SAR) Activity SAR activity for the three-month period ended June 30, 2016 was: Weighted-average Weighted-average remaining Aggregate Number exercise price contractual term intrinsic value of shares per share (in years) (in thousands) Outstanding at March 31, 2016 $ Outstanding at June 30, 2016 $ $ — Exercisable at June 30, 2016 — $ — — $ — Total expense related to SARs for the three months ended June 30, 2016 and 2015 was not material. Future expense for these SARs is expected to be approximately $0.1 million over the next year. Restricted Stock Unit Activity During the three months ended June 30, 2016, the Company granted time-vesting restricted stock units covering 1,099,159 shares of common stock with a value at the date of grant of $23.4 million. Of the restricted stock units granted in the current period, 1,085,055 vest in equal annual increments over four years and 14,104 vest in one year. Valuation of these units is equal to the quoted market price for the shares on the date of grant. Non-vested time-vesting restricted stock unit activity for the three-month period ended June 30, 2016 was: Weighted average fair value per Weighted-average Number share at grant remaining contractual of shares date term (in years) Outstanding at March 31, 2016 $ Granted $ Vested $ Forfeited or cancelled $ Outstanding at June 30, 2016 $ During the three months ended June 30, 2016, the Company granted performance-based restricted stock units covering 254,420 shares of common stock with a value at the date of grant of $6.3 million, using a Monte Carlo simulation model. All of the performance-based restricted stock units granted in the current period vest subject to attainment of performance criteria established by the Comp Committee. The units granted in the current period may vest in a number of shares from zero to 200% of the award, based on the total shareholder return of Acxiom common stock compared to total shareholder return of a group of peer companies established by the Comp Committee of the board of directors for the period from April 1, 2016 to March 31, 2019. Non-vested performance-based restricted stock unit activity for the three-month period ended June 30, 2016 was: Weighted average fair value per Weighted-average Number share at grant remaining contractual of shares date term (in years) Outstanding at March 31, 2016 $ Granted $ Forfeited or cancelled $ Outstanding at June 30, 2016 $ Total expense related to all restricted stock units in the three months ended June 30, 2016 and 2015 was approximately $6.2 million and $5.1 million, respectively. Future expense for these restricted stock units is expected to be approximately $55.3 million over the next four years. Other Performance Unit Activity Other performance-based unit activity for the three-month period ended June 30, 2016 was: Weighted average fair value per Weighted-average Number share at grant remaining contractual of shares date term (in years) Outstanding at March 31, 2016 $ Outstanding at June 30, 2016 $ Total expense related to other performance units for the three months ended June 30, 2016 and 2015 was $0.2 million in both periods. Future expense for these performance units is expected to be approximately $1.1 million over the next two years.

DISCONTINUED OPERATIONS_

DISCONTINUED OPERATIONS:	3 Months Ended
	Jun. 30, 2016
DISCONTINUED OPERATIONS:
DISCONTINUED OPERATIONS:	4. DISCONTINUED OPERATIONS: IT Infrastructure Management business (“ITO”) During fiscal 2016, the Company completed the sale of its ITO business to Charlesbank Capital Partners and M/C Partners. The business qualified for treatment as discontinued operations during fiscal 2016. Accordingly, the results of operations, cash flows, and the balance sheet amounts pertaining to ITO, for all periods reported, have been classified as discontinued operations in the condensed consolidated financial statements. Summary results of operations of ITO for the three months ended June 30, 2015, are segregated and included in earnings from discontinued operations, net of tax, in the condensed consolidated statements of operations. The following table is a reconciliation of the major classes of line items constituting earnings from discontinued operations, net of tax (dollars in thousands): For the Three months ended June 30, 2016 2015 Major classes of line items constituting earnings from discontinued operations, net of tax: Revenues $ — $ Cost of revenue — Gross profit — Operating expenses: Sales and marketing — General and administrative — Total operating expenses — Income from discontinued operations — Interest expense — Other, net — Earnings from discontinued operations before income taxes — Income taxes — Earnings from discontinued operations, net of tax $ — $ ITO was a provider of managed hosting and cloud infrastructure services, optimized for mid-tier enterprises. The Company entered into certain agreements with ITO in which support services, including data center co-location services, are provided from the Company to ITO, and from ITO to the Company. Additionally, the Company entered into certain other agreements with ITO to provide or receive leased office space. The terms of these agreements range from several months to the longest of which continues through July 2020. The agreements generally provide cancellation provisions, without penalty, at various times throughout the term. For the quarter ended June 30, 2016, cash inflows and outflows related to the agreements , included in cash flows from operating activities in the condensed consolidated statements of cash flows, were $ 1.8 million and $ 1.5 million , respectively. Revenues and expenses related to the agreements, included in income (loss) from continued operations in the condensed consolidated statements of operations, were $ 1.7 million and $1.4 million, respectively.

OTHER CURRENT AND NONCURRENT AS

OTHER CURRENT AND NONCURRENT ASSETS:	3 Months Ended
	Jun. 30, 2016
OTHER CURRENT AND NONCURRENT ASSETS:
OTHER CURRENT AND NONCURRENT ASSETS:	5. OTHER CURRENT AND NONCURRENT ASSETS: Other current assets consist of the following (dollars in thousands ): June 30, March 31, 2016 2016 Prepaid expenses $ $ Assets of non-qualified retirement plan Other current assets $ $ Other noncurrent assets consist of the following (dollars in thousands): June 30, March 31, 2016 2016 Acquired intangible assets, net $ $ Deferred data acquisition costs Deferred expenses Prepaid expenses Other miscellaneous noncurrent assets Noncurrent assets $ $

GOODWILL_

GOODWILL:	3 Months Ended
	Jun. 30, 2016
GOODWILL:
GOODWILL:	6. GOODWILL: The following table summarizes Goodwill activity, by segment, for the three months ended June 30, 2016 (dollars in thousands) . Marketing Audience Services Solutions Connectivity Total Balance at March 31, 2016 $ $ $ $ Allant adjustment — — Change in foreign currency translation adjustment — Balance at June 30, 2016 $ $ $ $ Goodwill by component included in each segment as of June 30, 2016 was: Marketing Audience Services Solutions Connectivity Total U.S. $ $ $ $ APAC — Balance at June 30, 2016 $ $ $ $

LONG-TERM DEBT_

LONG-TERM DEBT:	3 Months Ended
	Jun. 30, 2016
LONG-TERM DEBT:
LONG-TERM DEBT:	7. LONG-TERM DEBT: Long-term debt consists of the following (dollars in thousands): June 30, March 31, 2016 2016 Term loan credit agreement $ $ Other debt and long-term liabilities Total long-term debt and capital leases Less current installments Less deferred debt financing costs Long-term debt, excluding current installments and deferred debt financing costs $ $ The Company’s amended and restated credit agreement provides for (1) term loans up to an aggregate principal amount of $300 million and (2) revolving credit facility borrowings consisting of revolving loans, letter of credit participations and swing-line loans up to an aggregate amount of $300 million. The term loan is payable in quarterly installments of $7.5 million through September 2017, followed by quarterly installments of $11.3 million through June 2018, with a final payment of $106.3 million due October 9, 2018. The revolving loan commitment expires October 9, 2018. Term loan and revolving credit facility borrowings bear interest at LIBOR or at an alternative base rate plus a credit spread. At June 30, 2016, the LIBOR credit spread was 2.00% . There were no revolving credit borrowings outstanding at June 30, 2016 or March 31, 2016. The weighted-average interest rate on term loan borrowings at June 30, 2016 was 2.6% . Outstanding letters of credit at June 30, 2016 were $2.1 million. The term loan allows for prepayments before maturity. The credit agreement is secured by the accounts receivable of Acxiom and its domestic subsidiaries, as well as by the outstanding stock of certain Acxiom subsidiaries. Under the terms of the term loan, the Company is required to maintain certain debt-to-cash flow and debt service coverage ratios, among other restrictions. A t June 30, 2016, the Company was in compliance with these covenants and restrictions . In addition, if certain financial ratios and other conditions are not satisfied, the revolving credit facility limits the Company’s ability to pay dividends in excess of $30 million in any fiscal year (plus additional amounts in certain circumstances). On March 10, 2014, the Company entered into an interest rate swap agreement. The agreement provides for the Company to pay interest through March 10, 2017 at a fixed rate of 0.98% plus the applicable credit spread on $50.0 million notional amount, while receiving interest for the same period at the LIBOR rate on the same notional amount. The LIBOR rate as of June 30, 2016 was 0.65%. The swap was entered into as a cash flow hedge against LIBOR interest rate movements on the term loan. The Company assesses the effectiveness of the hedge based on the hypothetical derivative method. There was no ineffectiveness for the period ended June 30, 2016 . Under the hypothetical derivative method, the cumulative change in fair value of the actual swap is compared to the cumulative change in fair value of the hypothetical swap, which has terms that identically match the critical terms of the hedged transaction. Thus, the hypothetical swap is presumed to perfectly offset the hedged cash flows. The change in the fair value of the hypothetical swap will then be regarded as a proxy for the present value of the cumulative change in the expected future cash flows from the hedged transactions. All of the fair values are derived from an interest-rate futures model. As of June 30, 2016, the hedge relationship still qualified as an effective hedge under applicable accounting standards. Consequently, all changes in fair value of the derivative will be deferred and recorded in other comprehensive income (loss) until the related forecasted transaction is recognized in the condensed consolidated statement of operations. The fair market value of the derivative was zero at inception and an unrealized loss of $0.1 million since inception is recorded in other comprehensive income (loss). The fair value of the interest rate swap agreement recorded in accumulated other comprehensive income (loss) may be recognized in the condensed consolidated statement of operations if certain terms of the floating-rate debt change, if the floating-rate debt is extinguished or if the interest rate swap agreement is terminated prior to maturity. The Company has assessed the creditworthiness of the counterparty of the swap and concludes that no substantial risk of default exists as of June 30, 2016.

ALLOWANCE FOR DOUBTFUL ACCOUNTS

ALLOWANCE FOR DOUBTFUL ACCOUNTS:	3 Months Ended
	Jun. 30, 2016
ALLOWANCE FOR DOUBTFUL ACCOUNTS:
ALLOWANCE FOR DOUBTFUL ACCOUNTS:	8 . ALLOWANCE FOR DOUBTFUL ACCOUNTS: Trade accounts receivable are presented net of allowances for doubtful accounts, returns and credits of $6.9 million at June 30, 2016 and $7.3 million at March 31, 2016.

SEGMENT INFORMATION_

SEGMENT INFORMATION:	3 Months Ended
	Jun. 30, 2016
SEGMENT INFORMATION:
SEGMENT INFORMATION:	9. SEGMENT INFORMATION: The Company reports segment information consistent with the way management internally disaggregates its operations to assess performance and to allocate resources. Revenues and cost of revenue are generally directly attributed to the segments. Certain revenue contracts are allocated among the segments based on the relative value of the underlying products and services. Cost of revenue, excluding non-cash stock compensation expense and purchased intangible asset amortization, is directly charged in most cases and allocated in certain cases based upon proportional usage. Operating expenses, excluding non-cash stock compensation expense and purchased intangible asset amortization, are attributed to the segment groups as follows: · Research and development expenses are primarily directly recorded to each segment group based on identified products supported. · Sales and marketing expenses are primarily directly recorded to each segment group based on products supported and sold. · General and administrative expenses are generally not allocated to the segments unless directly attributable. · Gains, losses and other items, net are not allocated to the segment groups. We do not track our assets by operating segments. Consequently, it is not practical to show assets by operating segment. The following table presents information by business segment (dollars in thousands): For the Three months ended June 30, 2016 2015 Revenues: Marketing Services $ $ Audience Solutions Connectivity Total segment revenues $ $ Gross profit (1) : Marketing Services $ $ Audience Solutions Connectivity Total segment gross profit $ $ Income (loss) from operations (1) : Marketing Services $ $ Audience Solutions Connectivity Total segment income from operations $ $ (1) Gross profit and Income (loss) from operations reflect only the direct and allocable controllable costs of each segment and do not include allocations of corporate expenses (primarily general and administrative expenses) and gains, losses, and other items, net. Additionally, Gross profit and Income (loss) from operations do not reflect non-cash stock compensation expense and purchased intangible asset amortization. The following table reconciles total operating segment gross profit to gross profit and total operating segment income from operations to income (loss) from operations: For the Three months ended June 30, 2016 2015 Total segment gross profit $ $ Less: Purchased intangible asset amortization Non-cash stock compensation Accelerated amortization — Gross profit $ $ Total segment income from operations $ $ Less: Corporate expenses (principally general and administrative) Gains, losses and other items, net Purchased intangible asset amortization Non-cash stock compensation Separation and transformation costs — Accelerated amortization — Income (loss) from operations $ $

RESTRUCTURING, IMPAIRMENT AND O

RESTRUCTURING, IMPAIRMENT AND OTHER CHARGES:	3 Months Ended
	Jun. 30, 2016
RESTRUCTURING, IMPAIRMENT AND OTHER CHARGES:
RESTRUCTURING, IMPAIRMENT AND OTHER CHARGES:	10. RESTRUCTURING, IMPAIRMENT AND OTHER CHARGES: The following table summarizes the restructuring activity for the three months ended June 30, 2016 (dollars in thousands): Associate-related Ongoing reserves contract costs Total March 31, 2016 $ $ $ Restructuring charges and adjustments — Payments June 30, 2016 $ $ $ The above balances are included in accrued expenses and other liabilities on the condensed consolidated balance sheet. Restructuring Plans In the three months ended June 30, 2016, the Company recorded a total of $0.3 millio n in restructuring charges and adjustments included in gains, losses and other items, net in the condensed consolidated statement of operations. The expense included severance and other associate-related charges of $0.3 million and represented adjustments to the fiscal 2016 restructuring plan. In fiscal 2016, the Company recorded a total of $12.0 million in restructuring charges and adjustments included in gains, losses and other items, net in the condensed consolidated statement of operations. The expense included severance and other associate-related charges of $ 8.6 million, lease termination charges and accruals of $ 3.0 million, and leasehold improvement write-offs of $0.4 million. The associate-related accruals of $8.6 million relate to the termination of associates in the United States, Europe, Brazil and Australia. Of the amount accrued for 2016, $0.8 million remained accrued as of June 30, 2016. These costs are expected to be paid out in fiscal 2017. The lease termination charges and accruals of $3.0 million included a $1.4 million lease early-termination fee in France, a lease accrual of $0.2 million, and a $1.4 million increase to the fiscal 2015 lease restructuring plans. The fiscal 2016 lease early-termination fee and lease accrual were fully paid during fiscal 2016. In fiscal 2015, the Company recorded a total of $21.8 million in restructuring charges and adjustments included in gains, losses and other items, net in the condensed consolidated statement of operations. The expense included severance and other associate-related charges of $13.3 million, lease accruals of $6.5 million, and the write-off of leasehold improvements of $2.0 million. The associate-related accruals of $13.3 million related to the termination of associates in the United States, Europe, Australia, and China and included an increase of $0.7 million to the fiscal 2014 restructuring plan. Of the amount accrued for 2015, $0.3 million remained accrued as of June 30, 2016. These costs are expected to be paid out in fiscal 2017. The lease accruals of $6.5 million were determined in accordance with the accounting standards that govern exit costs. These accounting standards require the Company to accrue for lease costs that will continue to be incurred without economic benefit to the Company upon the date that the Company ceases using the leased properties. The Company has ceased using certain leased office facilities. The Company intends to attempt to sublease the facilities to the extent possible. The Company established a liability for the fair value of the remaining lease payments, partially offset by the estimated sublease payments to be received over the course of the leases. The fair value of these liabilities is based on a net present value model using a credit-adjusted risk-free rate. The liability will be paid out over the remainder of the leased properties’ terms, which continue through November 2025. Actual sublease terms may differ from the estimates originally made by the Company. Any future changes in the estimates or in the actual sublease income could require future adjustments to the liabilities, which would impact net earnings (loss) in the period the adjustment is recorded. Of the amount accrued for 2015, $2.6 million remained accrued as of June 30, 2016. Gains, Losses and Other Items Gains, losses and other items for each of the periods presented are as follows (dollars in thousands): For the Three months ended June 30, 2016 2015 Restructuring plan charges and adjustments $ $ Other $ $

COMMITMENTS AND CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES:	3 Months Ended
	Jun. 30, 2016
COMMITMENTS AND CONTINGENCIES:
COMMITMENTS AND CONTINGENCIES:	11. COMMITMENTS AND CONTINGENCIES: Legal Matters The Company is involved in various claims and legal proceedings. Management routinely assesses the likelihood of adverse judgments or outcomes to these matters, as well as ranges of probable losses, to the extent losses are reasonably estimable. The Company records accruals for these matters to the extent that management concludes a loss is probable and the financial impact, should an adverse outcome occur, is reasonably estimable. These accruals are reflected in the Company’s condensed consolidated financial statements. In management’s opinion, the Company has made appropriate and adequate accruals for these matters and management believes the probability of a material loss beyond the amounts accrued to be remote. However, the ultimate liability for these matters is uncertain, and if accruals are not adequate, an adverse outcome could have a material effect on the Company’s consolidated financial condition or results of operations. The Company maintains insurance coverage above certain limits. There are currently no matters pending against the Company or its subsidiaries for which the potential exposure is considered material to the Company’s condensed consolidated financial statements. Commitments The Company leases data processing equipment, office furniture and equipment, land and office space under noncancellable operating leases. The Company has a future commitment for lease payments over the next 24 years of $83.0 million. In connection with the disposal of certain assets, the Company guaranteed a lease for the buyer of the assets. This guarantee was made by the Company primarily to facilitate favorable financing terms for the third party. Should the third party default, the Company would be required to perform under this guarantee. At June 30, 2016, the Company’s maximum potential future payments under this guarantee totaled $0.4 million.

INCOME TAXES_

INCOME TAXES:	3 Months Ended
	Jun. 30, 2016
INCOME TAXES:
INCOME TAXES:	12. INCOME TAX: In determining the quarterly provision for income taxes, the Company makes its best estimate of the effective tax rate expected to be applicable for the full fiscal year. The estimated annual effective income tax rate for the current fiscal year is impacted by state income taxes, federal research tax credits, losses in foreign jurisdictions, and nondeductible share-based compensation. State income taxes are influenced by the geographic and legal entity mix of the Company’s U.S. income as well as the diversity of rules among the states. In addition, the Company qualifies for research tax credits in certain states. The Company does not record a tax benefit for certain foreign losses due to uncertainty of future benefit .

FINANCIAL INSTRUMENTS_

FINANCIAL INSTRUMENTS:	3 Months Ended
	Jun. 30, 2016
FAIR VALUE OF FINANCIAL INSTRUMENTS:
FINANCIAL INSTRUMENTS:	13. FINANCIAL INSTRUMENTS: The following methods and assumptions were used to estimate the fair value of each class of financial instruments for which it is practicable to estimate that value: · Cash and cash equivalents, trade receivables, unbilled and notes receivable, short-term borrowings and trade payables - The carrying amount approximates fair value because of the short maturity of these instruments. · Long-term debt - The interest rate on the term loan and revolving credit agreement is adjusted for changes in market rates and therefore the carrying value of these loans approximates fair value. The estimated fair value of other long-term debt was determined based upon the present value of the expected cash flows considering expected maturities and using interest rates currently available to the Company for long-term borrowings with similar terms. At June 30, 2016, the estimated fair value of long-term debt approximates its carrying value. · Derivative instruments included in other liabilities - The carrying value is adjusted to fair value through other comprehensive income (loss) at each balance sheet date. The fair value is determined from an interest-rate futures model. Under applicable accounting standards financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurements. The Company assigned assets and liabilities to the hierarchy in the accounting standards, which is Level 1 - quoted prices in active markets for identical assets or liabilities, Level 2 - significant other observable inputs and Level 3 - significant unobservable inputs. The following table presents the balances of assets and liabilities measured at fair value as of June 30, 2016 (dollars in thousands): Level 1 Level 2 Level 3 Total Assets: Other current assets $ $ — $ — $ Total assets $ $ — $ — $ Liabilities: Other accrued expenses $ — $ $ — $ Total liabilities $ — $ $ — $

SUBSEQUENT EVENTS_.

SUBSEQUENT EVENTS:.	3 Months Ended
	Jun. 30, 2016
SUBSEQUENT EVENTS:
SUBSEQUENT EVENTS	14. SUBSEQUENT EVENTS: Impact Email Business Disposition On August 4, 2016, the Company announced that it had entered into a definitive agreement to sell its Impact email business to Zeta Interactive for a total consideration of $22 million. The Company will also enter into a separate multi-year contract to provide Zeta Interactive with Connectivity and Audience Solutions services. These transactions sharpen the Company’s focus on providing the data foundation for the world’s best marketers and opens the door to deeper partnerships with the marketing ecosystem. The sale is expected to close in the second quarter of fiscal 2017, following the satisfaction of customary closing conditions. The Company plans to use the proceeds from the sale to help fund the expansion of its share repurchase program. Stock Repurchase Program Expansion On July 28, 2016, the board of directors adopted an amendment to its existing stock repurchase program. The amendment increases its stock repurchase authorization from $300 to $400 million and extends the program through June 30, 2018. The Company is authorized to repurchase shares from time to time over the next 18 months in open market or privately negotiated transactions, depending on prevailing market conditions and other factors. The stock repurchase program may be suspended or discontinued at any time.

BASIS OF PRESENTATION AND SUM21

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (Policies)	3 Months Ended
	Jun. 30, 2016
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
Recent Accounting Pronouncements Not Yet Adopted	Recent Accounting Pronouncements Not Yet Adopted In March 2016, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting as part of its simplification initiative. The objective of the simplification initiative is to identify, evaluate, and improve areas of U.S. GAAP for which cost and complexity can be reduced while maintaining the usefulness of the information provided to users of financial statements. The areas for simplification in ASU 2016-09 involve several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. ASU 2016-09 is effective for annual periods beginning after December 15, 2016 (fiscal 2018 for the Company), including interim periods within those fiscal years. Earlier adoption is permitted. The Company is currently evaluating the impact of the adoption of this guidance on its consolidated financial condition, results of operations and cash flows. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), as a comprehensive new standard that amends various aspects of existing guidance for leases and requires additional disclosures about leasing arrangements. The new standard will require lessees to recognize lease assets and lease liabilities for those leases classified as operating leases under previous guidance, ASC 840, Leases. ASU 2016-02 creates a new Topic, ASC 842, Leases. This new Topic retains a distinction between finance leases and operating leases. The classification criteria for distinguishing between finance leases and operating leases are substantially similar to the classification criteria for distinguishing between capital leases and operating leases in the previous leases guidance. ASU 2016-02 is effective for annual periods beginning after December 15, 2018 (fiscal 2020 for the Company), including interim periods within those fiscal years. Earlier adoption is permitted. In the financial statements in which the ASU is first applied, leases shall be measured and recognized at the beginning of the earliest comparative period presented with an adjustment to equity. The Company is currently evaluating the impact of the adoption of this guidance on its consolidated financial condition, results of operations and cash flows. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers: Topic 606, to supersede nearly all existing revenue recognition guidance under U.S. GAAP, as well as some cost guidance and guidance on certain gains and losses. The FASB also issued ASU 2016-08, Revenue from Contracts with Customers – Principal versus Agent Considerations, and ASU 2016-10, Revenue from Contracts with Customers – Identifying Performance Obligations and Licensing. The core principle of the new guidance is to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration that is expected to be received for those goods or services. The guidance defines a five-step process to achieve this core principle and, in doing so, it is possible more judgment and estimates may be required within the revenue recognition process than are required under existing U.S. GAAP, including identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation, among other areas. The effective date for the update has been deferred until fiscal 2019 for the Company, with early application allowed for fiscal 2018. Adoption of the update may be applied using either of two methods: (i) retrospective application to each prior reporting period presented with the option to elect certain practical expedients; or (ii) retrospective application with the cumulative effect recognized at the date of initial application and providing certain additional disclosures. The Company is currently evaluating the accounting, transition and disclosure requirements of the standard and cannot currently estimate the financial statement impact of adoption. The Company does not anticipate that the adoption of any other recent accounting pronouncements will have a material impact on the Company's consolidated financial position, results of operations, or cash flows.

EARNINGS (LOSS) PER SHARE AND22

EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY: (Tables)	3 Months Ended
	Jun. 30, 2016
EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY:
Reconciliation of numerator and denominator of basic and diluted earnings (loss) per share	A reconciliation of the numerator and denominator of basic and diluted earnings (loss) per share is shown below (in thousands, except per share amounts): For the quarter ended June 30, 2016 2015 Basic earnings (loss) per share: Net income (loss) from continuing operations $ $ Net earnings from discontinued operations, net of tax — Net earnings (loss) $ $ Basic weighted-average shares outstanding Basic earnings (loss) per share: Continuing operations $ $ Discontinued operations — Net earnings (loss) $ $ Diluted earnings (loss) per share: Basic weighted-average shares outstanding Dilutive effect of common stock options, warrants, and restricted stock as computed under the treasury stock method — Diluted weighted-average shares outstanding Diluted earnings (loss) per share: Continuing operations $ $ Discontinued operations — Net earnings (loss) $ $
Schedule of anti-dilutive options, warrants and restricted stock units excluded from computation of earnings (loss) per share	Additional options and warrants to purchase shares of common stock and restricted stock units, including performance-based restricted stock units not meeting performance criteria, that were outstanding during the periods presented but were not included in the computation of diluted earnings (loss) per share because the effect was anti-dilutive are shown below (in thousands, except per share amounts): For the quarter ended June 30, 2016 2015 Number of shares outstanding under options, warrants and restricted stock units Range of exercise prices for options $ 19.07 - $32.85 $ 2.58 - $62.06
Schedule of accumulated balances for each component of other comprehensive income	The following table presents the accumulated balances for each component of other comprehensive income (dollars in thousands): June 30, March 31, 2016 2016 Foreign currency translation $ $ Unrealized loss on interest rate swap $ $

SHARE-BASED COMPENSATION_ (Tabl

SHARE-BASED COMPENSATION: (Tables)	3 Months Ended
	Jun. 30, 2016
SHARE-BASED COMPENSATION:
Schedule of option activity	Weighted-average Weighted-average remaining Aggregate Number of exercise price contractual term Intrinsic value shares per share (in years) (in thousands) Outstanding at March 31, 2016 3,604,102 $ Exercised $ $ Forfeited or cancelled $ Outstanding at June 30, 2016 $ $ Exercisable at June 30, 2016 $ $
Summary of stock options outstanding and exercisable	Options outstanding Options exercisable Range of Weighted-average Weighted-average Weighted-average exercise price Options remaining exercise price Options exercise price per share outstanding contractual life per share exercisable per share $ - $ years $ $ $ - $ years $ $ $ - $ years $ $ $ - $ years $ $ years $ $
Schedule of stock appreciation right (SAR) activity	Weighted-average Weighted-average remaining Aggregate Number exercise price contractual term intrinsic value of shares per share (in years) (in thousands) Outstanding at March 31, 2016 $ Outstanding at June 30, 2016 $ $ — Exercisable at June 30, 2016 — $ — — $ —
Schedule of performance stock option unit activity	Weighted-average Weighted-average remaining Aggregate Number exercise price contractual term intrinsic value of shares per share (in years) (in thousands) Outstanding at March 31, 2016 — $ — Granted $ Outstanding at June 30, 2016 $ $ Exercisable at June 30, 2016 — $ — — $ —
Schedule of non-vested time-vesting restricted stock unit activity	Non-vested time-vesting restricted stock unit activity for the three-month period ended June 30, 2016 was: Weighted average fair value per Weighted-average Number share at grant remaining contractual of shares date term (in years) Outstanding at March 31, 2016 $ Granted $ Vested $ Forfeited or cancelled $ Outstanding at June 30, 2016 $
Schedule of non-vested performance-based restricted stock units activity	Non-vested performance-based restricted stock unit activity for the three-month period ended June 30, 2016 was: Weighted average fair value per Weighted-average Number share at grant remaining contractual of shares date term (in years) Outstanding at March 31, 2016 $ Granted $ Forfeited or cancelled $ Outstanding at June 30, 2016 $
Schedule of other performance unit activity	Weighted average fair value per Weighted-average Number share at grant remaining contractual of shares date term (in years) Outstanding at March 31, 2016 $ Outstanding at June 30, 2016 $

DISCONTINUED OPERATIONS_ (Table

DISCONTINUED OPERATIONS: (Tables)	3 Months Ended
	Jun. 30, 2016
ITO
Schedule of summary results of operations for discontinued operations	The following table is a reconciliation of the major classes of line items constituting earnings from discontinued operations, net of tax (dollars in thousands): For the Three months ended June 30, 2016 2015 Major classes of line items constituting earnings from discontinued operations, net of tax: Revenues $ — $ Cost of revenue — Gross profit — Operating expenses: Sales and marketing — General and administrative — Total operating expenses — Income from discontinued operations — Interest expense — Other, net — Earnings from discontinued operations before income taxes — Income taxes — Earnings from discontinued operations, net of tax $ — $

OTHER CURRENT AND NONCURRENT 25

OTHER CURRENT AND NONCURRENT ASSETS: (Tables)	3 Months Ended
	Jun. 30, 2016
OTHER CURRENT AND NONCURRENT ASSETS:
Schedule of components of other current assets	Other current assets consist of the following (dollars in thousands ): June 30, March 31, 2016 2016 Prepaid expenses $ $ Assets of non-qualified retirement plan Other current assets $ $
Schedule of components of other noncurrent assets	Other noncurrent assets consist of the following (dollars in thousands): June 30, March 31, 2016 2016 Acquired intangible assets, net $ $ Deferred data acquisition costs Deferred expenses Prepaid expenses Other miscellaneous noncurrent assets Noncurrent assets $ $

GOODWILL_ (Tables)

GOODWILL: (Tables)	3 Months Ended
	Jun. 30, 2016
GOODWILL:
Schedule of goodwill by operating segment and activity and by component included in each segment	The following table summarizes Goodwill activity, by segment, for the three months ended June 30, 2016 (dollars in thousands) . Marketing Audience Services Solutions Connectivity Total Balance at March 31, 2016 $ $ $ $ Allant adjustment — — Change in foreign currency translation adjustment — Balance at June 30, 2016 $ $ $ $ Goodwill by component included in each segment as of June 30, 2016 was: Marketing Audience Services Solutions Connectivity Total U.S. $ $ $ $ APAC — Balance at June 30, 2016 $ $ $ $

LONG-TERM DEBT_ (Tables)

LONG-TERM DEBT: (Tables)	3 Months Ended
	Jun. 30, 2016
LONG-TERM DEBT:
Schedule of components of long-term debt	Long-term debt consists of the following (dollars in thousands): June 30, March 31, 2016 2016 Term loan credit agreement $ $ Other debt and long-term liabilities Total long-term debt and capital leases Less current installments Less deferred debt financing costs Long-term debt, excluding current installments and deferred debt financing costs $ $

SEGMENT INFORMATION_ (Tables)

SEGMENT INFORMATION: (Tables)	3 Months Ended
	Jun. 30, 2016
SEGMENT INFORMATION:
Schedule of information by business segment	The following table presents information by business segment (dollars in thousands): For the Three months ended June 30, 2016 2015 Revenues: Marketing Services $ $ Audience Solutions Connectivity Total segment revenues $ $ Gross profit (1) : Marketing Services $ $ Audience Solutions Connectivity Total segment gross profit $ $ Income (loss) from operations (1) : Marketing Services $ $ Audience Solutions Connectivity Total segment income from operations $ $ Gross profit and Income (loss) from operations reflect only the direct and allocable controllable costs of each segment and do not include allocations of corporate expenses (primarily general and administrative expenses) and gains, losses, and other items, net. Additionally, Gross profit and Income (loss) from operations do not reflect non-cash stock compensation expense and purchased intangible asset amortization.
Reconciliation of total operating segment gross profit to total gross profit and total operating segment income from operations to loss from operations	For the Three months ended June 30, 2016 2015 Total segment gross profit $ $ Less: Purchased intangible asset amortization Non-cash stock compensation Accelerated amortization — Gross profit $ $ Total segment income from operations $ $ Less: Corporate expenses (principally general and administrative) Gains, losses and other items, net Purchased intangible asset amortization Non-cash stock compensation Separation and transformation costs — Accelerated amortization — Income (loss) from operations $ $

RESTRUCTURING, IMPAIRMENT AND29

RESTRUCTURING, IMPAIRMENT AND OTHER CHARGES: (Tables)	3 Months Ended
	Jun. 30, 2016
RESTRUCTURING, IMPAIRMENT AND OTHER CHARGES:
Summary of restructuring activity	The following table summarizes the restructuring activity for the three months ended June 30, 2016 (dollars in thousands): Associate-related Ongoing reserves contract costs Total March 31, 2016 $ $ $ Restructuring charges and adjustments — Payments June 30, 2016 $ $ $
Schedule of gains, losses and other items	Gains, losses and other items for each of the periods presented are as follows (dollars in thousands): For the Three months ended June 30, 2016 2015 Restructuring plan charges and adjustments $ $ Other $ $

FINANCIAL INSTRUMENTS_ (Tables)

FINANCIAL INSTRUMENTS: (Tables)	3 Months Ended
	Jun. 30, 2016
FAIR VALUE OF FINANCIAL INSTRUMENTS:
Schedule of financial assets and liabilities measured at fair value	The following table presents the balances of assets and liabilities measured at fair value as of June 30, 2016 (dollars in thousands): Level 1 Level 2 Level 3 Total Assets: Other current assets $ $ — $ — $ Total assets $ $ — $ — $ Liabilities: Other accrued expenses $ — $ $ — $ Total liabilities $ — $ $ — $

EARNINGS (LOSS) PER SHARE AND31

EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY: (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Mar. 31, 2016
EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY:
Net earnings (loss) from continuing operations	$ 3,976	$ (5,182)
Net earnings from discontinued operations, net of tax		4,143
Net earnings (loss)	$ 3,976	$ (1,039)
Basic earnings (loss) per share:
Basic weighted-average shares outstanding	77,471	77,918
Continuing operations (in dollars per share)	$ 0.05	$ (0.07)
Discontinued operations (in dollars per share)		0.05
Net earnings (loss) (in dollar per share)	$ 0.05	$ (0.01)
Diluted earnings (loss) per share:
Basic weighted-average shares outstanding	77,471	77,918
Dilutive effect of common stock options, warrants, and restricted stock as computed under the treasury stock method (in shares)	1,882
Diluted weighted-average shares outstanding	79,353	77,918
Continuing operations (in dollars per share)	$ 0.05	$ (0.07)
Net earnings from discontinued operations (in dollars per share)		0.05
Net earnings (loss) (in dollars per share)	$ 0.05	$ (0.01)
Stockholders' Equity
Number of shares outstanding under options, warrants and restricted stock units (in shares)	709	2,029
Repurchase of treasury stock	$ 20,207	$ 14,951
Cumulative amount paid for repurchase of treasury stock	1,024,915		$ 1,003,382
Common stock repurchase program
Stockholders' Equity
Maximum amount of common stock that may be repurchased	$ 400,000
Number of shares repurchased	900
Repurchase of treasury stock	$ 20,200
Cumulative shares repurchased	16,400
Cumulative amount paid for repurchase of treasury stock	$ 275,400
Remaining capacity under the stock repurchase program	$ 124,600
Options, Warrants And Restricted Stock Units
Stockholders' Equity
Number of shares outstanding under options, warrants and restricted stock units (in shares)		1,400
Options, Warrants And Restricted Stock Units | Minimum
Stockholders' Equity
Range of exercise prices for options and warrants (in dollars per share)	$ 19.07	$ 2.58
Options, Warrants And Restricted Stock Units | Maximum
Stockholders' Equity
Range of exercise prices for options and warrants (in dollars per share)	$ 32.85	$ 62.06

EARNINGS (LOSS) PER SHARE AND32

EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY: - Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Mar. 31, 2016	Jun. 30, 2015
Accumulated Other Comprehensive Income.
Foreign currency translation	$ 7,699		$ 8,705
Unrealized loss on interest rate swap	(109)		(115)
Accumulated Other Comprehensive Income	$ 7,590	$ 8,590	$ 8,590

SHARE-BASED COMPENSATION_ (Deta

SHARE-BASED COMPENSATION: (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Stock Option Activity - Number of Shares
Outstanding at beginning of the period (in shares)	3,604,102
Exercised (in shares)	(158,632)
Forfeited or cancelled (in shares)	(28,441)
Outstanding at end of the period (in shares)	3,417,029
Exercisable at the end of the period (in shares)	2,645,523
Weighted-average exercise price per share
Outstanding at the beginning of the period (in dollars per share)	$ 14.52
Exercised (in dollars per share)	9
Forfeited or cancelled (in dollars per share)	13.42
Outstanding at the end of the period (in dollars per share)	14.78
Exercisable at the end of the period (in dollars per share)	$ 15.03
Weighted-average remaining contractual term
Outstanding at the end of the period	5 years 1 month 6 days
Exercisable at the end of the period	4 years 3 months 18 days
Aggregate intrinsic value
Exercised	$ 1,997
Outstanding at the end of the period	25,363
Exercisable at the end of the period	$ 19,033
Performance Stock Option Unit
Share-based compensation
Period for recognition of unrecognized stock-based compensation expense	4 years
Stock Option and Equity Compensation Plans
Share-based compensation
Total shares reserved for issuance since inception of the stock option and equity compensation plans (in shares)	28,900,000
Shares which remained available for future grants (in shares)	2,300,000
Stock options
Share-based compensation
Share-based compensation expense	$ 1,800	$ 2,700
Future share-based compensation expense	$ 7,800
Period for recognition of unrecognized stock-based compensation expense	4 years
Stock Appreciation Rights (SARs)
Weighted-average remaining contractual term
Exercisable at the end of the period	0 years

SHARE-BASED COMPENSATION_ Stock

SHARE-BASED COMPENSATION: Stock options outstanding and exercisable (Details)	3 Months Ended
	Jun. 30, 2016$ / sharesshares
Stock options outstanding and exercisable by exercise price range
Options outstanding (in shares) | shares	3,417,029
Options outstanding - Weighted-average remaining contractual life	5 years 1 month 6 days
Options outstanding - Weighted-average exercise price per share (in dollars per share)	$ 14.78
Options exercisable (in shares) | shares	2,645,523
Options exercisable - Weighted-average exercise price per share (in dollars per share)	$ 15.03
Range of exercise price per share from $0.85 to $9.99
Stock options outstanding and exercisable by exercise price range
Exercise price per share, low end of range (in dollars per share)	0.85
Exercise price per share, high end of range (in dollars per share)	$ 9.99
Options outstanding (in shares) | shares	626,572
Options outstanding - Weighted-average remaining contractual life	6 years 9 months 18 days
Options outstanding - Weighted-average exercise price per share (in dollars per share)	$ 1.85
Options exercisable (in shares) | shares	387,045
Options exercisable - Weighted-average exercise price per share (in dollars per share)	$ 1.85
Range of exercise price per share from $10.00 to $19.99
Stock options outstanding and exercisable by exercise price range
Exercise price per share, low end of range (in dollars per share)	10
Exercise price per share, high end of range (in dollars per share)	$ 19.99
Options outstanding (in shares) | shares	1,756,862
Options outstanding - Weighted-average remaining contractual life	5 years 1 month 6 days
Options outstanding - Weighted-average exercise price per share (in dollars per share)	$ 15.10
Options exercisable (in shares) | shares	1,439,173
Options exercisable - Weighted-average exercise price per share (in dollars per share)	$ 14.51
Range of exercise price per share from $20.00 to $24.99
Stock options outstanding and exercisable by exercise price range
Exercise price per share, low end of range (in dollars per share)	20
Exercise price per share, high end of range (in dollars per share)	$ 24.99
Options outstanding (in shares) | shares	1,014,043
Options outstanding - Weighted-average remaining contractual life	4 years 1 month 6 days
Options outstanding - Weighted-average exercise price per share (in dollars per share)	$ 21.88
Options exercisable (in shares) | shares	809,531
Options exercisable - Weighted-average exercise price per share (in dollars per share)	$ 22.06
Range of exercise price per share from $25.00 to $32.85
Stock options outstanding and exercisable by exercise price range
Exercise price per share, low end of range (in dollars per share)	25
Exercise price per share, high end of range (in dollars per share)	$ 32.85
Options outstanding (in shares) | shares	19,552
Options outstanding - Weighted-average remaining contractual life	7 years 4 months 24 days
Options outstanding - Weighted-average exercise price per share (in dollars per share)	$ 32.85
Options exercisable (in shares) | shares	9,774
Options exercisable - Weighted-average exercise price per share (in dollars per share)	$ 32.85

SHARE-BASED COMPENSATION_ Perfo

SHARE-BASED COMPENSATION: Performance Stock Option Unit Activity (Details) $ / shares in Units, $ in Thousands	Jun. 29, 2016USD ($)item	Jun. 30, 2016USD ($)$ / sharesshares
Number of shares
Outstanding at beginning of the period (in shares) | shares		3,604,102
Outstanding at end of the period (in shares) | shares		3,417,029
Exercisable at the end of the period (in shares) | shares		2,645,523
Weighted-average exercise price per share
Outstanding at the beginning of the period (in dollars per share) | $ / shares		$ 14.52
Outstanding at the end of the period (in dollars per share) | $ / shares		14.78
Exercisable at the end of the period (in dollars per share) | $ / shares		$ 15.03
Weighted-average remaining contractual term
Outstanding at the end of the period		5 years 1 month 6 days
Exercisable at the end of the period		4 years 3 months 18 days
Aggregate intrinsic value
Outstanding at the end of the period | $		$ 25,363
Exercisable at the end of the period | $		19,033
Performance Stock Option Unit
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Value of shares granted | $	$ 4,800
Number of separate increments over 2 years | item	2
Percentage of increment over two years	50.00%
Number of years for 50% increments	2 years
Future expense for performance stock option units | $		$ 4,800
Number of shares
Granted (in shares) | shares		622,084
Outstanding at end of the period (in shares) | shares		622,084
Weighted-average exercise price per share
Granted (in dollars per share) | $ / shares		$ 21.32
Outstanding at the end of the period (in dollars per share) | $ / shares		$ 21.32
Weighted-average remaining contractual term
Outstanding at the end of the period		2 years 10 months 24 days
Aggregate intrinsic value
Outstanding at the end of the period | $		$ 417
Performance Stock Option Unit | Tranche one | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	0.00%
Performance Stock Option Unit | Tranche one | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	300.00%

SHARE-BASED COMPENSATION_ SAR a

SHARE-BASED COMPENSATION: SAR activity (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Mar. 31, 2016
Performance Stock Option Unit
Share-based compensation activity
Granted (in shares)	254,420
Weighted-average remaining contractual term
Period for recognition of unrecognized stock-based compensation expense	4 years
Stock Appreciation Rights (SARs)
Share-based compensation activity
Outstanding at the beginning of the period (in shares)	245,404
Outstanding at the end of the period (in shares)	245,404		245,404
Weighted-average exercise price per share
Outstanding at the end of the period (in dollars per share)	$ 40		$ 40
Weighted-average remaining contractual term
Outstanding at the end of the period (in years)	9 months
Future share-based compensation expense expected	$ 0.1
Restricted stock units
Weighted-average remaining contractual term
Share-based compensation expense	6.2	$ 5.1
Future share-based compensation expense expected	$ 55.3
Period for recognition of unrecognized stock-based compensation expense	4 years
Restricted stock units | Performance Stock Option Unit
Share-based compensation activity
Outstanding at the beginning of the period (in shares)	516,818
Granted (in shares)	254,420
Outstanding at the end of the period (in shares)	762,340		516,818
Share-based compensation, Weighted average fair value per share at grant date
Outstanding at the beginning of the period (in dollars per share)	$ 18.62
Granted (in dollars per share)	24.66
Outstanding at the end of the period (in dollars per share)	$ 20.65		$ 18.62
Weighted-average remaining contractual term
Outstanding at the end of the period (in years)	1 year 10 months 13 days		1 year 8 months 1 day
Aggregate fair value of restricted stock units granted	$ 6.3

SHARE-BASED COMPENSATION_ Non v

SHARE-BASED COMPENSATION: Non vested time vesting restricted stock unit activity (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Mar. 31, 2016
Performance Stock Option Unit
Non-vested restricted stock unit activity
Granted (in shares)	254,420
Restricted Stock Unit Activity - Other disclosures
Period for recognition of unrecognized stock-based compensation expense	4 years
Restricted stock units
Restricted Stock Unit Activity - Other disclosures
Share-based compensation expense	$ 6.2	$ 5.1
Future share-based compensation expense expected	$ 55.3
Period for recognition of unrecognized stock-based compensation expense	4 years
Restricted stock units | Time-vesting
Non-vested restricted stock unit activity
Outstanding at the beginning of the period (in shares)	2,279,895
Granted (in shares)	1,099,159
Vested (in shares)	(334,886)
Forfeited or cancelled (in shares)	(34,028)
Outstanding at the end of the period (in shares)	3,010,140		2,279,895
Non-vested restricted stock units, Weighted average fair value per share at grant date
Outstanding at the beginning of the period (in dollars per share)	$ 19.69
Granted (in dollars per share)	21.25
Vested (in dollars per share)	18.44
Forfeited or cancelled (in dollars per share)	19.71
Outstanding at the end of the period (in dollars per share)	$ 20.40		$ 19.69
Weighted-average remaining contractual term
Outstanding at the end of the period (in years)	2 years 7 months 10 days		2 years 1 month 13 days
Restricted Stock Unit Activity - Other disclosures
Aggregate fair value of restricted stock units granted	$ 23.4
Restricted stock units | Vesting in four years
Non-vested restricted stock unit activity
Granted (in shares)	1,085,055
Restricted Stock Unit Activity - Other disclosures
Award vesting period	4 years
Restricted stock units | Vesting in one year
Non-vested restricted stock unit activity
Granted (in shares)	14,104
Restricted Stock Unit Activity - Other disclosures
Award vesting period	1 year
Restricted stock units | Performance Stock Option Unit
Non-vested restricted stock unit activity
Outstanding at the beginning of the period (in shares)	516,818
Granted (in shares)	254,420
Forfeited or cancelled (in shares)	(8,898)
Outstanding at the end of the period (in shares)	762,340		516,818
Non-vested restricted stock units, Weighted average fair value per share at grant date
Outstanding at the beginning of the period (in dollars per share)	$ 18.62
Granted (in dollars per share)	24.66
Forfeited or cancelled (in dollars per share)	17.43
Outstanding at the end of the period (in dollars per share)	$ 20.65		$ 18.62
Weighted-average remaining contractual term
Outstanding at the end of the period (in years)	1 year 10 months 13 days		1 year 8 months 1 day
Restricted Stock Unit Activity - Other disclosures
Aggregate fair value of restricted stock units granted	$ 6.3
Restricted stock units | Vesting based on total shareholder return | Minimum
Restricted Stock Unit Activity - Other disclosures
Performance share awards vested (as a percent)	0.00%
Restricted stock units | Vesting based on total shareholder return | Maximum
Restricted Stock Unit Activity - Other disclosures
Performance share awards vested (as a percent)	200.00%

SHARE-BASED COMPENSATION_ Other

SHARE-BASED COMPENSATION: Other (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended	12 Months Ended
	Jun. 30, 2016	Mar. 31, 2016
Performance Stock Option Unit
Weighted-average remaining contractual term
Outstanding at the end of the period (in years)	1 year 18 days
Other performance based
Share-based compensation activity
Outstanding at the beginning of the period (in shares)	635,655
Outstanding at the end of the period (in shares)	635,655	635,655
Share-based compensation, Weighted average fair value per share at grant date
Outstanding at the beginning of the period (in dollars per share)	$ 4.07
Outstanding at the end of the period (in dollars per share)	$ 4.07	$ 4.07
Weighted-average remaining contractual term
Outstanding at the end of the period (in years)		1 year 3 months 18 days
Share-based Activity - Other disclosures
Share-based compensation expense	$ 0.2
Future share-based compensation expense expected	$ 1.1
Period for recognition of unrecognized stock-based compensation expense	2 years

DISCONTINUED OPERATIONS_ - Summ

DISCONTINUED OPERATIONS: - Summary Results of Operations and Carrying Amounts of Major Classes of Assets and Liabilities of ITO (Details) $ in Thousands	3 Months Ended
	Jun. 30, 2015USD ($)
Operating expenses:
Earnings from discontinued operations, net of tax	$ 4,143
ITO | Discontinued operations held-for-sale
Major classes of line items constituting earnings from discontinued operations, net of tax
Revenues	52,580
Cost of revenue	40,568
Gross profit	12,012
Operating expenses:
Sales and marketing	998
General and administrative	3,768
Total operating expenses	4,766
Income from discontinued operations	7,246
Interest expense	(564)
Other, net	(3)
Earnings from discontinued operations before income taxes	6,679
Income taxes	2,536
Earnings from discontinued operations, net of tax	$ 4,143

DISCONTINUED OPERATIONS_ - ITO

DISCONTINUED OPERATIONS: - ITO Support Services (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Agreements upon sale of business
Operating Expenses	$ 83,820	$ 82,055
Certain agreements for support services and leased office space | ITO
Agreements upon sale of business
Cash inflows related to the agreements	1,800
Cash outflows related to the agreements	1,500
Revenues	1,700
Operating Expenses	$ 1,400

OTHER CURRENT AND NONCURRENT 41

OTHER CURRENT AND NONCURRENT ASSETS: (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Mar. 31, 2016
Other current assets
Prepaid expenses	$ 22,119	$ 25,365
Assets of non-qualified retirement plan	12,800	12,532
Other current assets	34,919	37,897
Other noncurrent assets
Acquired intangible assets, net	17,850	19,203
Deferred data acquisitions costs	1,273	1,644
Deferred expenses	1,035	883
Prepaid expenses	1,381	1,404
Other miscellaneous noncurrent assets	2,008	2,181
Noncurrent assets	$ 23,547	$ 25,315

GOODWILL_ (Details)

GOODWILL: (Details) $ in Thousands	3 Months Ended
	Jun. 30, 2016USD ($)
Goodwill
Goodwill at the beginning of year	$ 492,745
Allant Adjustment	19
Change in foreign currency translation adjustment	(166)
Goodwill at the end of year	492,598
U.S. reporting unit
Goodwill
Goodwill at the end of year	481,207
APAC reporting unit
Goodwill
Goodwill at the end of year	11,391
Marketing Services
Goodwill
Goodwill at the beginning of year	124,586
Change in foreign currency translation adjustment	(115)
Goodwill at the end of year	124,471
Marketing Services | U.S. reporting unit
Goodwill
Goodwill at the end of year	116,594
Marketing Services | APAC reporting unit
Goodwill
Goodwill at the end of year	7,877
Audience Solutions
Goodwill
Goodwill at the beginning of year	273,430
Allant Adjustment	19
Goodwill at the end of year	273,449
Audience Solutions | U.S. reporting unit
Goodwill
Goodwill at the end of year	273,449
Connectivity
Goodwill
Goodwill at the beginning of year	94,729
Change in foreign currency translation adjustment	(51)
Goodwill at the end of year	94,678
Connectivity | U.S. reporting unit
Goodwill
Goodwill at the end of year	91,164
Connectivity | APAC reporting unit
Goodwill
Goodwill at the end of year	$ 3,514

LONG-TERM DEBT_ (Details)

LONG-TERM DEBT: (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Sep. 30, 2015	Mar. 10, 2014
Long-term debt
Total long-term debt and capital leases	$ 184,802	$ 192,856
Less current installments	32,262	32,243
Less deferred debt financing costs	2,416	2,716
Long-term debt, excluding current installments and deferred debt financing costs	150,124	157,897
Long-term debt	150,124	157,897
LIBOR rate (as a percent)			0.65%
Interest rate swap | March 10, 2014 derivative agreement | Cash flow hedge
Long-term debt
Fixed interest rate payable on swap (as a percent)				0.98%
Notional amount of derivative				$ 50,000
Fair market value of the derivative	0
Unrealized loss of the derivative recorded in other comprehensive income (loss)	$ 100
LIBOR | Interest rate swap | March 10, 2014 derivative agreement
Long-term debt
Long-term debt variable interest rate description	LIBOR
Credit Agreement
Long-term debt
Outstanding letters of credit			$ 2,100
Term loans
Long-term debt
Total long-term debt and capital leases	$ 177,500	185,000
Aggregate amount of borrowing commitment	300,000
Weighted-average interest rate on long-term debt (as a percent)			2.60%
Term loans | Quarterly installments payable through September 2017
Long-term debt
Required quarterly installment payments	7,500
Term loans | Quarterly installments payable through June 2018
Long-term debt
Required quarterly installment payments	11,300
Term loans | Final payment due on October 9, 2018
Long-term debt
Final payment of long-term debt	$ 106,300
Term loans | LIBOR
Long-term debt
Long-term debt basis spread on variable interest rate (as a percent)	2.00%
Revolving credit facility
Long-term debt
Aggregate amount of borrowing commitment	$ 300,000
Outstanding revolving credit borrowings	0	0
Revolving credit facility dividend restrictions amount, maximum	$ 30,000
Revolving credit facility | LIBOR
Long-term debt
Long-term debt basis spread on variable interest rate (as a percent)	2.00%
Other debt and long-term liabilities
Long-term debt
Total long-term debt and capital leases	$ 7,302	$ 7,856

ALLOWANCE FOR DOUBTFUL ACCOUN44

ALLOWANCE FOR DOUBTFUL ACCOUNTS: (Details) - USD ($) $ in Millions	Jun. 30, 2016	Mar. 31, 2016
ALLOWANCE FOR DOUBTFUL ACCOUNTS:
Allowances for doubtful accounts, returns and credits	$ 6.9	$ 7.3

SEGMENT INFORMATION_ (Details)

SEGMENT INFORMATION: (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Revenues:
Total revenues	$ 214,801	$ 196,895
Gross profit:
Total gross profit	91,982	79,186
Income (loss) from operations:
Income (loss) from operations	8,162	(2,869)
Gains, losses and other items, net	314	807
Depreciation and amortization:
Depreciation and amortization	20,790	21,775
Operating segment
Revenues:
Total revenues	214,801	196,895
Gross profit:
Total gross profit	96,953	84,811
Income (loss) from operations:
Income (loss) from operations	45,532	40,149
Operating segment | Marketing Services
Revenues:
Total revenues	109,715	107,726
Gross profit:
Total gross profit	37,466	36,034
Income (loss) from operations:
Income (loss) from operations	20,145	16,853
Operating segment | Audience Solutions
Revenues:
Total revenues	73,744	68,550
Gross profit:
Total gross profit	41,912	36,824
Income (loss) from operations:
Income (loss) from operations	25,096	24,087
Operating segment | Connectivity
Revenues:
Total revenues	31,342	20,619
Gross profit:
Total gross profit	17,575	11,953
Income (loss) from operations:
Income (loss) from operations	291	(791)
Reconciling items
Gross profit:
Purchased intangible asset amortization	4,077	3,754
Non-cash stock compensation	894	429
Accelerated amortization		1,442
Income (loss) from operations:
Corporate expenses (principally general and administrative)	24,389	25,478
Gains, losses and other items, net	314	807
Purchased intangible asset amortization	4,077	3,754
Non-cash stock compensation	$ 8,590	8,123
Separation and transformation costs		3,414
Accelerated amortization		$ 1,442

RESTRUCTURING, IMPAIRMENT AND46

RESTRUCTURING, IMPAIRMENT AND OTHER CHARGES: (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Mar. 31, 2016	Mar. 31, 2015
Restructuring activity
Restructuring charges and adjustments	$ 279	$ 803
Continuing operations
Restructuring activity
Balance at the beginning of the period	6,379
Restructuring charges and adjustments	279
Payments	(2,890)
Balance at the end of the period	3,768		$ 6,379
Gains, losses and other items, net
Restructuring activity
Restructuring charges and adjustments	300
Fiscal 2016 | Gains, losses and other items, net
Restructuring activity
Restructuring charges and adjustments			12,000
Fiscal 2016 | Gains, losses and other items, net | France
Restructuring activity
Restructuring charges and adjustments	1,400
Fiscal 2015 | Gains, losses and other items, net
Restructuring activity
Restructuring charges and adjustments				$ 21,800
Fiscal 2015 | Gains, losses and other items, net | France
Restructuring activity
Restructuring charges and adjustments	3,000
Associate-related reserves | Continuing operations
Restructuring activity
Balance at the beginning of the period	2,855
Restructuring charges and adjustments	279
Payments	(2,011)
Balance at the end of the period	1,123		2,855
Associate-related reserves | United States, Europe, Brazil and Australia
Restructuring activity
Restructuring charges and adjustments	800
Associate-related reserves | Gains, losses and other items, net
Restructuring activity
Restructuring charges and adjustments	300
Associate-related reserves | Fiscal 2016 | United States, Europe, Brazil and Australia
Restructuring activity
Restructuring charges and adjustments	8,600
Associate-related reserves | Fiscal 2016 | Gains, losses and other items, net
Restructuring activity
Restructuring charges and adjustments			8,600
Associate-related reserves | Fiscal 2015 | United States, Australia, China and Europe
Restructuring activity
Restructuring charges and adjustments				13,300
Balance at the end of the period	300
Associate-related reserves | Fiscal 2015 | Gains, losses and other items, net
Restructuring activity
Restructuring charges and adjustments				13,300
Associate-related reserves | Fiscal 2014 | United States, Australia, China and Europe
Restructuring activity
Restructuring charges and adjustments				700
Ongoing contract costs | Continuing operations
Restructuring activity
Balance at the beginning of the period	3,524
Payments	(879)
Balance at the end of the period	2,645		3,524
Ongoing contract costs | Gains, losses and other items, net
Restructuring activity
Restructuring charges and adjustments				6,500
Ongoing contract costs | Fiscal 2016
Restructuring activity
Restructuring charges and adjustments	200
Ongoing contract costs | Fiscal 2016 | Gains, losses and other items, net
Restructuring activity
Restructuring charges and adjustments			$ 3,000
Ongoing contract costs | Fiscal 2015
Restructuring activity
Balance at the end of the period	2,600
Ongoing contract costs | Fiscal 2015 | Gains, losses and other items, net
Restructuring activity
Restructuring charges and adjustments				6,500
Ongoing contract costs | Fiscal 2015 | Gains, losses and other items, net | France
Restructuring activity
Restructuring charges and adjustments	1,400
Write-off of leasehold improvements | Fiscal 2016 | Gains, losses and other items, net
Restructuring activity
Restructuring charges and adjustments	$ 400
Write-off of leasehold improvements | Fiscal 2015 | Gains, losses and other items, net
Restructuring activity
Restructuring charges and adjustments				$ 2,000

RESTRUCTURING, IMPAIRMENT AND47

RESTRUCTURING, IMPAIRMENT AND OTHER CHARGES: - Gains, Losses and Other Items (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Gains, Losses and Other Items
Restructuring charges and adjustments	$ 279	$ 803
Other	35	4
Gains, losses and other items, net	314	$ 807
Gains, losses and other items, net
Gains, Losses and Other Items
Restructuring charges and adjustments	$ 300

COMMITMENTS AND CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES: (Details) - Continuing operations - Operating lease and licensing agreements $ in Millions	3 Months Ended
	Jun. 30, 2016USD ($)
Commitments
Term of future commitment for lease payments under noncancellable operating leases (in years)	24 years
Contractual Obligation	$ 83

COMMITMENTS AND CONTINGENCIES49

COMMITMENTS AND CONTINGENCIES: - Guarantee: (Details) $ in Millions	Jun. 30, 2016USD ($)
Loan guarantees
Commitments
Maximum potential future payments under guarantees of third-party indebtedness	$ 0.4

FINANCIAL INSTRUMENTS_ (Details

FINANCIAL INSTRUMENTS: (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Mar. 31, 2016
Fair value of assets and liabilities
Other current assets	$ 34,919	$ 37,897
Fair value measurements on recurring basis | Level 1
Fair value of assets and liabilities
Other current assets	12,800
Total assets	12,800
Fair value measurements on recurring basis | Level 2
Fair value of assets and liabilities
Other accrued expenses	109
Total liabilities	109
Fair value measurements on recurring basis | Total
Fair value of assets and liabilities
Other current assets	12,800
Total assets	12,800
Other accrued expenses	109
Total liabilities	$ 109

SUBSEQUENT EVENTS_ (Details)

SUBSEQUENT EVENTS: (Details) - Subsequent event - USD ($) $ in Millions	Jul. 28, 2016	Aug. 04, 2016	Jul. 27, 2016
Subsequent Event
Stock repurchase, share authorized	$ 400		$ 300
Period in which shares can be repurchased in open market or privately negotiated transactions	18 months
Acxiom Impact [Member] | Sale to Zeta Interactive
Subsequent Event
Total consideration received		$ 22