LiveRamp (RAMP) 10-Q 2 Feb 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Dec. 31, 2016	Jan. 27, 2017
Document and Entity Information
Entity Registrant Name	ACXIOM CORP
Entity Central Index Key	733,269
Document Type	10-Q
Document Period End Date	Dec. 31, 2016
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		77,830,113
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2016
Current assets:
Cash and cash equivalents	$ 137,850	$ 189,629
Trade accounts receivable, net	137,523	138,650
Refundable income taxes	526	9,834
Other current assets	48,035	37,897
Total current assets	323,934	376,010
Property and equipment, net of accumulated depreciation and amortization	174,005	183,043
Software, net of accumulated amortization	51,308	55,735
Goodwill	591,102	492,745
Purchased software licenses, net of accumulated amortization	7,989	10,116
Deferred income taxes	9,115	6,885
Other assets, net	52,421	25,315
TOTAL ASSETS	1,209,874	1,149,849
Current liabilities:
Current installments of long-term debt	36,050	32,243
Trade accounts payable	43,117	37,717
Accrued payroll and related expenses	45,082	61,309
Other accrued expenses	57,187	48,254
Deferred revenue	32,644	44,477
Total current liabilities	214,080	224,000
Long-term debt	200,798	157,897
Deferred income taxes	57,165	53,964
Other liabilities	14,721	15,020
Commitments and contingencies
Equity:
Common stock	13,222	13,039
Additional paid-in capital	1,131,553	1,082,220
Retained earnings	610,690	598,501
Accumulated other comprehensive income	6,297	8,590
Treasury stock, at cost	(1,038,652)	(1,003,382)
Total equity	723,110	698,968
TOTAL LIABILITIES AND EQUITY	$ 1,209,874	$ 1,149,849

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
CONSOLIDATED STATEMENTS OF OPERATIONS
Revenues	$ 223,312	$ 221,193	$ 655,380	$ 625,433
Cost of revenue	116,468	125,735	359,392	364,756
Gross profit	106,844	95,458	295,988	260,677
Operating expenses:
Research and development	20,950	18,400	58,631	57,489
Sales and marketing	43,048	36,581	118,243	100,334
General and administrative	31,620	36,793	91,993	100,055
Impairment of goodwill and other assets				729
Gains, losses and other items, net	2,111	4,058	2,724	7,369
Total operating expenses	97,729	95,832	271,591	265,976
Income (loss) from operations	9,115	(374)	24,397	(5,299)
Other income (expense):
Interest expense	(1,743)	(1,948)	(5,244)	(5,789)
Other, net	35	303	135	666
Total other expense	(1,708)	(1,645)	(5,109)	(5,123)
Income (loss) from continuing operations before income taxes	7,407	(2,019)	19,288	(10,422)
Income taxes (benefit)	6,334	(1,580)	7,099	(3,456)
Net earnings (loss) from continuing operations	1,073	(439)	12,189	(6,966)
Earnings (loss) from discontinued operations, net of tax		(971)		15,240
Net earnings (loss)	$ 1,073	$ (1,410)	$ 12,189	$ 8,274
Basic earnings (loss) per share:
Net earnings (loss) from continuing operations (in dollars per share)	$ 0.01	$ (0.01)	$ 0.16	$ (0.09)
Net earnings from discontinued operations (in dollars per share)		(0.01)		0.20
Net earnings (in dollar per share)	0.01	(0.02)	0.16	0.11
Diluted earnings (loss) per share:
Net earnings (loss) from continuing operations (in dollars per share)	0.01	(0.01)	0.15	(0.09)
Net earnings from discontinued operations (in dollars per share)		(0.01)		0.20
Net earnings (loss) (in dollars per share)	$ 0.01	$ (0.02)	$ 0.15	$ 0.11

CONDENSED CONSOLIDATED STATEME4

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Net earnings (loss)	$ 1,073	$ (1,410)	$ 12,189	$ 8,274
Other comprehensive income (loss):
Change in foreign currency translation adjustment	(1,340)	255	(2,410)	(1,418)
Unrealized gain on interest rate swap	21	217	117	146
Other comprehensive income (loss)	(1,319)	472	(2,293)	(1,272)
Comprehensive income (loss)	$ (246)	$ (938)	$ 9,896	$ 7,002

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENT OF EQUITY - 9 months ended Dec. 31, 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	$ 85	14,313			$ (4,728)	9,670
Employee stock awards, benefit plans and other issuances (in shares)	853,553				(211,567)
Tax impact of stock options, warrants and restricted stock		1,163				1,163
Non-cash stock-based compensation	$ 9	33,946				33,955
Non-cash stock-based compensation (in shares)	87,717
Restricted stock units vested	$ 89	(89)
Restricted stock units vested (in shares)	892,480
Acquisition of treasury stock					$ (30,542)	(30,542)
Acquisition of treasury stock (in shares)					(1,314,840)
Comprehensive income (loss):
Foreign currency translation				(2,410)		(2,410)
Unrealized gain on interest rate swap				117		117
Net earnings (loss)			12,189			12,189
Balances at Dec. 31, 2016	$ 13,222	$ 1,131,553	$ 610,690	$ 6,297	$ (1,038,652)	$ 723,110
Balances (in shares) at Dec. 31, 2016	132,223,856				(54,557,089)

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Cash flows from operating activities:
Net earnings (loss)	$ 12,189	$ 8,274
Earnings from discontinued operations, net of tax		(15,240)
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	61,097	63,221
Loss (gain) on disposal or impairment of assets	(520)	209
Impairment of goodwill and other assets		729
Deferred income taxes	(1,982)	(4,856)
Non-cash stock-based compensation expense	33,955	23,529
Changes in operating assets and liabilities:
Accounts receivable, net	(6,161)	(15,238)
Other assets	8,653	(2,643)
Accounts payable and other liabilities	(11,819)	3,182
Deferred revenue	(10,247)	9,205
Net cash provided by operating activities	85,165	70,372
Cash flows from investing activities:
Capitalized software development costs	(11,171)	(10,360)
Capital expenditures	(30,096)	(33,822)
Data acquisition costs	(463)	(1,135)
Net cash received from disposition	16,988
Net cash paid in acquisitions	(137,383)	(5,386)
Net cash used in investing activities	(162,125)	(50,703)
Cash flows from financing activities:
Proceeds from debt	70,000
Payments of debt	(24,173)	(79,183)
Sale of common stock, net of stock acquired for withholding taxes	9,670	6,343
Excess tax benefits from stock-based compensation	1,785	2,022
Acquisition of treasury stock	(30,542)	(37,535)
Net cash provided by (used in) financing activities	26,740	(108,353)
Net cash used in continuing operations	(50,220)	(88,684)
Cash flows from discontinued operations:
Net cash provided by operating activities		10,277
Net cash provided by investing activities		124,506
Net cash used in financing activities		(206)
Net cash provided by discontinued operations		134,577
Net cash provided by (used in) continuing and discontinued operations	(50,220)	45,893
Effect of exchange rate changes on cash	(1,559)	(513)
Net change in cash and cash equivalents	(51,779)	45,380
Cash and cash equivalents at beginning of period	189,629	141,010
Cash and cash equivalents at end of period	137,850	186,390
Cash paid during the period for:
Interest	5,301	6,220
Income taxes, net of refunds	4,796	6,004
Prepayment of debt		55,000
Payments on capital leases and installment payment arrangements		63
Payments on capital leases and installment payment arrangements of discontinued operations		206
Other debt payments	$ 24,173	$ 24,120

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:	9 Months Ended
	Dec. 31, 2016
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:	1. 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. Accounting Pronouncements Adopted During the Current Year In August 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-15, Statement of Cash Flows: Clarification of Certain Cash Receipts and Cash Payments (“ASU 2016-15”). The new standard eliminates the diversity in practice related to the classification of certain cash receipts and payments in the statement of cash flows by adding or clarifying guidance on eight specific cash flow issues, including payments for debt prepayments or extinguishments. ASU 2016-15 is effective for annual and interim reporting periods beginning after December 15, 2017 (fiscal 2019 for the Company) and early adoption is permitted. ASU 2016-15 provides for retrospective application for all periods presented. We early adopted the new standard during the fiscal quarter ended September 30, 2016. Early adoption did not result in any changes to our existing accounting policies, presentation of items in our condensed consolidated statements of cash flows, or any changes resulting from the retrospective application to all periods reported. Recent Accounting Pronouncements Not Yet Adopted On November 17, 2016, the . It is intended to reduce diversity in the presentation of restricted cash and restricted cash equivalents in the statement of cash flows. The new standard requires that restricted cash and restricted cash equivalents be included as components of total cash and cash equivalents as presented on the statement of cash flows. As a result, entities will no longer present transfers between cash and cash equivalents and restricted cash and restricted cash equivalents in the statement of cash flows. ASU 2016-18 is effective for annual periods beginning after December 15, 2017 (fiscal 2019 for the Company), including interim periods within those fiscal years. Earlier adoption is permitted. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements and related disclosures In March 2016, the FASB issued 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 continuing to evaluate the impact of the adoption of this guidance on its consolidated financial statements and related disclosures. 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 continuing to evaluate the impact of the adoption of this guidance on its consolidated financial statements and related disclosures. 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 has completed its preliminary assessment of the new standard and is continuing assessment as we complete implementation design activities. The Company 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 statements or related disclosures.

EARNINGS (LOSS) PER SHARE AND S

EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY:	9 Months Ended
	Dec. 31, 2016
EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY:
EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY:	2. 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 For the nine months ended December 31, December 31, 2016 2015 2016 2015 Basic earnings (loss) per share: Net earnings (loss) from continuing operations $ $ $ $ Net earnings (loss) 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) $ $ $ $ Due to the net loss from continuing operations incurred by the Company during the quarter and nine months ended December 31, 2015, the dilutive effect of options, warrants and restricted stock units covering 1.5 million and 1.4 million shares of common stock, respectively, was excluded in each period 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 per share because the effect was anti-dilutive are shown below (in thousands, except share price amounts): For the quarter ended For the nine months ended December 31, December 31, 2016 2015 2016 2015 Number of shares outstanding under options, warrants and restricted stock units Range of exercise prices for options $ 32.85 - $32.85 $ 17.49 - $62.06 $ 20.27 - $32.85 $ 17.49 - $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. 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 nine months ended December 31, 2016, the Company repurchased 1.3 million shares of its common stock for $30.5 million. Through December 31, 2016, the Company had repurchased 16.8 million shares of its stock for $285.7 million, leaving remaining capacity of $114.3 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): December 31, March 31, 2016 2016 Foreign currency translation $ $ Unrealized gain (loss) on interest rate swap $ $

SHARE-BASED COMPENSATION_

SHARE-BASED COMPENSATION:	9 Months Ended
	Dec. 31, 2016
SHARE-BASED COMPENSATION:
SHARE-BASED COMPENSATION:	3. Share-based Compensation Plans The Company has stock option and equity compensation plans for which a total of 30.0 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 December 31, 2016, there were a total of 2.6 million shares available for future grants under the plans. Stock Option Activity As part of the Company’s acquisition of Arbor Technologies, Inc. (“Arbor”) (see note 4), the Company issued 284,985 replacement stock options having a per share weighted-average fair value and exercise price of $25.85 and $1.27, respectively, to Arbor employees who had outstanding unvested stock options to purchase Arbor stock. The fair value of the replacement options was determined using a customized binomial lattice model with the following assumptions: dividend yield of 0.0%; risk-free interest rates from 2.24% to 2.32%, based on the rate of U.S. Treasury securities with a term equal to the remaining term of each option; remaining terms of each option from 8.6 to 9.9 years; expected volatility of 38%, based on both the historical volatility of Acxiom stock, as well as the implied volatility of traded Acxiom options; and a suboptimal exercise multiple of 1.4, based on actual historical exercise activity of Acxiom options. The number of shares and exercise price of each replacement option were determined by converting Arbor options into equivalent Acxiom options by multiplying the number of shares subject to Arbor options by the exchange ratio of .41998 and by dividing the exercise price for each Arbor option by the exchange ratio of .41998. Once the value of each replacement option was determined, the total fair value of $7.4 million, net of any forfeitures, will be expensed by the Company over the remaining vesting period of each option. As part of the Company’s acquisition of Circulate.com, Inc. (“Circulate”), the Company issued 73,951 replacement stock options having a per share weighted-average fair value and exercise price of $24.80 and $2.29, respectively, to Circulate employees who had outstanding unvested stock options to purchase Circulate stock. The total fair value of $1.8 million, net of any forfeitures, will be expensed by the Company over the remaining vesting period of each option. Stock option activity for the nine-month period ended December 31, 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 $ Arbor and Circulate replacement stock options $ Exercised $ $ Forfeited or cancelled $ Outstanding at December 31, 2016 $ $ Exercisable at December 31, 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 December 31, 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 December 31, 2016 was: 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 nine months ended December 31, 2016 and 2015 was approximately $5.4 million and $7.0 million, respectively. Of the fiscal 2017 expense, $2.2 million relates to the LiveRamp acquisition-related replacement options. Future expense for these options is expected to be approximately $12.6 million over the next four years. Performance Stock Option Unit Activity During the nine months ended December 31, 2016, the Company granted 633,604 performance-based stock option units with a value at the date of grant of $4.9 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 a weighted-average exercise price of $21.40, 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 board of directors compensation committee meeting that immediately follows the end of the respective performance period. Performance stock option unit activity for the nine-month period ended December 31, 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 $ Forfeited or cancelled $ Outstanding at December 31, 2016 $ $ Exercisable at December 31, 2016 — $ — — $ — Of the performance stock option units outstanding at December 31, 2016, 203,277 will reach maturity of the relevant performance period at March 31, 2017. The units are expected to vest at an approximate 170% attainment level during the subsequent service period, resulting in issuance of approximately 345,571 stock options having a weighted average exercise price of $21.40. Total expense related to performance stock option units for the nine months ended December 31, 2016 was $1.0 million. Future expense for these performance stock option units is expected to be approximately $4.7 million over the next five years. Stock Appreciation Right (SAR) Activity SAR activity for the nine-month period ended December 31, 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 December 31, 2016 $ $ — Exercisable at December 31, 2016 — $ — — $ — Total expense related to SARs for the nine months ended December 31, 2016 and 2015 was $0.1 million in both periods. Future expense for these SARs is not material. Restricted Stock Unit Activity During the nine months ended December 31, 2016, the Company granted time-vesting restricted stock units covering 2,107,608 shares of common stock with a value at the date of grant of $50.1 million, of which units covering 768,710 shares, with a value at grant date of $20.0 million, were granted to former Arbor and Circulate employees subsequent to the acquisitions (see note 4). Of the restricted stock units granted in the current period, 1,395,116 vest in equal annual increments over four years, 357,829 partially cliff vest at the one-year anniversary and then over equal quarterly increments during the subsequent two years, 316,481 partially cliff vest at the one-year anniversary and then over equal quarterly increments during the subsequent year, and 38,182 vest in one year. Grant date fair value 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 nine-month period ended December 31, 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 December 31, 2016 $ During the nine months ended December 31, 2016, the Company granted performance-based restricted stock units covering 254,419 shares of common stock with a value at the date of grant of $6.3 million, determined 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 (“TSR”) 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 nine-month period ended December 31, 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 December 31, 2016 $ Of the performance-based restricted stock units outstanding at December 31, 2016, 159,306 will reach maturity of the relevant performance period at March 31, 2017. The units are expected to vest at an approximate 200% attainment level, resulting in issuance of approximately 318,612 shares of common stock before consideration of the TSR multiplier. Of the performance-based restricted stock units outstanding at December 31, 2016, 287,630 will reach maturity of the relevant performance period at March 31, 2018. The units are expected to vest at an approximate 200% attainment level, resulting in issuance of approximately 575,260 shares of common stock before consideration of the TSR multiplier. Total expense related to all restricted stock units for the nine months ended December 31, 2016 and 2015 was approximately $24.4 million and $13.9 million, respectively. Future expense for these restricted stock units is expected to be approximately $73.0 million over the next four years. Other Performance Unit Activity Other performance-based unit activity for the nine-month period ended December 31, 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 $ Forfeited or cancelled $ Outstanding at December 31, 2016 $ Total expense related to other performance units for the nine months ended December 31, 2016 and 2015 was $0.7 million and $0.6 million, respectively. Future expense for these performance units is expected to be approximately $0.6 million over the next two years. Consideration Holdback As part of the Company’s acquisition of Arbor, $38.3 million of the acquisition consideration otherwise payable with respect to shares of restricted Arbor common stock held by certain key employees was subject to holdback by the Company pursuant to agreements with those employees (each, a “Holdback Agreement”). The consideration holdback will vest in 30 equal, monthly increments following the date of close, subject to the Arbor key employees continued employment through each monthly vesting date. At each vesting date, 1/30 th of the $38.3 million holdback consideration will vest and be settled in shares of Company common stock. The number of shares will be based on the then current market price of the Company common stock. Total expense related to the Holdback Agreement for the nine months ended December 31, 2016 was approximately $1.3 million.

ACQUISITIONS_

ACQUISITIONS:	9 Months Ended
	Dec. 31, 2016
ACQUISITIONS:
ACQUISITIONS:	4. Arbor and Circulate The Company acquired all of the outstanding shares of Arbor and Circulate on November 22, 2016 and November 29, 2016, respectively. Arbor and Circulate help publishers connect people-based data to the marketing ecosystem. As a result of these acquisitions, Arbor and Circulate are now wholly-owned subsidiaries of the Company included in the Connectivity segment, and increase the scale of the Company’s omni-channel identity graph and network. The Company has included the financial results of Arbor and Circulate in the condensed consolidated financial statements from the dates of acquisition. The consideration paid for the outstanding shares and vested stock options was approximately $137.4 million, net of cash acquired of approximately $9.5 million. The consideration paid for unvested stock options had an estimated fair value of $9.2 million. These options are not part of the purchase price and will be expensed as non-cash stock compensation over the applicable vesting periods. In connection with the Arbor acquisition, the Company agreed to pay $38.3 million to certain key employees (see “Consideration Holdback” in note 3). The consideration holdback is payable over 30 equal, monthly increments and is settleable in shares of Company common stock. The number of shares to be issued on a monthly basis will vary depending on the market price of the shares on the date of issuance and will be recorded as non-cash stock compensation expense as the shares are issued. The consideration holdback is not part of the purchase price as vesting is dependent on continued employment of the key employees. Following the closing of Arbor, the Company granted new awards of restricted stock units to select employees of Arbor to induce them to accept employment with the Company (the “Arbor Inducement Awards”). The Arbor Inducement Awards had a grant date fair value of $10.0 million, and will vest over three years with 34% of the total vesting on the first anniversary of the closing date and 8.25% vesting each three months thereafter, subject to the employee’s continued service through each vesting date. Following the closing of Circulate, the Company granted new awards of restricted stock units to select employees of Circulate to induce them to accept employment with the Company (the “Circulate Inducement Awards”). The Circulate Inducement Awards had a grant date fair value of $10.0 million. The Circulate Inducement Awards granted to certain key employees of Circulate will vest over two years with 50% of the total vesting on the first anniversary of the closing date and 12.5% vesting each three months thereafter, subject to the employee’s continued service through each vesting date and vesting acceleration upon a qualifying termination as set forth in the applicable employee’s offer letter with the Company. The Circulate Inducement Awards granted to all other Circulate employees will vest incrementally over four years with 25% of the total vesting on the first anniversary date of the closing, and 25% vesting each 12 months thereafter, subject to the employee’s continued service through each vesting date. On November 29, 2016, the Company delivered approximately $5.9 million of the cash consideration to an escrow agent according to the terms of the Circulate acquisition agreement. The escrow deposit is restricted as to withdrawal or use by the Company and is expected to be delivered to the sellers one year from the acquisition dates. The principal escrow amount is owned by the Company until funds are delivered to the sellers. All interest and earnings on the principal escrow amount remain property of the Company. The escrow deposit is included in other current assets (note 6), with an offsetting liability included in other accrued expenses (note 7), in the condensed consolidated balance sheet. The following table summarizes the preliminary estimated fair values of assets acquired and liabilities assumed as of the date of the acquisitions (dollars in thousands): Assets acquired: Cash $ Trade accounts receivable Goodwill Intangible assets (Other assets) Other current and noncurrent assets Total assets acquired Deferred income taxes Accounts payable and accrued expenses Net assets acquired Less: Cash acquired Net cash paid $ The excess of purchase consideration over the fair value of net tangible and identifiable intangible assets acquired was recorded as goodwill and is primarily attributed to expectations of development of future technology and products, development of future customer relationships, and the Arbor and Circulate assembled workforces. The Company has allocated the goodwill to the reporting units that were expected to benefit from the acquired goodwill. The goodwill balance is not deductible for U.S. income tax purposes. The Company initially recognized the assets and liabilities acquired based on its preliminary estimates of their acquisition date fair values. As additional information becomes known concerning the acquired assets and assumed liabilities, management may make adjustments to the opening balance sheet of the acquired companies up to the end of the measurement period, which is not longer than a one-year period following the acquisition date. The determination of the fair values of the acquired assets and liabilities assumed (and the related determination of the estimated lives of depreciable tangible and identifiable intangible assets) requires significant judgement. As of December 31, 2016, the Company has not completed its fair value analysis and calculation in sufficient detail necessary to arrive at the final estimate of the fair value. The fair values currently assigned to tangible and identifiable intangible assets acquired and liabilities assumed were based on the information that was available as of the date of the acquisition. The Company plans to finalize its accounting for the acquisitions and related estimates of the acquisition date fair values of the acquired assets and assumed liabilities prior to July 1, 2017. The amounts allocated to other intangible assets in the table above included developed technology, customer relationships, and a trade name. Intangible assets will be amortized on a straight-line basis over the estimated useful lives of 1 to 6 years. The following table presents the components of intangible assets acquired and their estimated useful lives as of the acquisition date (dollars in thousands): Useful life Fair value (in years) Publisher relationships $ Developed technology 2 to 4 Customer relationships Trade name Total intangible assets $ The Company has omitted disclosures of revenue and net loss of the acquired companies from the acquisition dates of November 22, 2016 and November 29, 2016, respectively, to December 31, 2016 as the amounts are not material. During the nine months ended December 31, 2016, the Company incurred $1.4 million of acquisition costs related to the Arbor and Circulate acquisitions, which are included in gains, losses, and other items, net on the condensed consolidated statement of operations (see note 12). The unaudited pro forma financial information in the table below summarizes the combined results of operations for Acxiom, Arbor and Circulate for the purposes of unaudited pro forma financial information disclosure as if the companies were combined as of the beginning of fiscal 2016. The unaudited pro forma financial information for all periods presented included the business combination accounting effects resulting from these acquisitions, including amortization charges from acquired intangible assets (certain of which are preliminary), stock-based compensation charges for unvested restricted stock-based awards and stock options assumed, if any, and the related tax effects as though the aforementioned companies were combined as of the beginning of fiscal 2016. The unaudited pro forma financial information as presented below is for informational purposes only and is not necessarily indicative of the results of operations that would have been achieved if the acquisitions had taken place at the beginning of fiscal 2016. The unaudited pro forma financial information for the three and nine months ended December 31, 2016 and 2015, respectively, combined the historical results of Acxiom for the three and nine months ended December 31, 2016 and 2015, and the historical results of Arbor and Circulate for the three and nine months ended September 30, 2016 and 2015 (adjusted due to differences in reporting periods) and the effects of the pro forma adjustments listed above. The unaudited pro forma financial information was as follows (dollars in thousands, except per share data): For the quarter ended For the nine months ended December 31, December 31, 2016 2015 2016 2015 Revenues $ $ $ $ Net loss $ $ $ $ Basic loss per share $ $ $ $ Diluted loss per share $ $ $ $

DISCONTINUED OPERATIONS AND DIS

DISCONTINUED OPERATIONS AND DISPOSITIONS:	9 Months Ended
	Dec. 31, 2016
DISCONTINUED OPERATIONS AND DISPOSITIONS:
DISCONTINUED OPERATIONS AND DISPOSITIONS:	5. Disposition of Impact email business In August 2016, the Company completed the sale of its Impact email business to Zeta Interactive for total consideration of $22.0 million, including a $4.0 million subordinated promissory note with interest accruing at a rate of 6.0% per annum (see note 6). The note is payable on the 12 month anniversary of the closing date, and is included in other current assets in the condensed consolidated balance sheet. The Company also entered into a separate multi-year contract to provide Zeta Interactive with Connectivity and Audience Solutions services. Prior to the disposition, the Impact email business was included in the Marketing Services segment results. The business did not meet the requirements of a discontinued business; therefore, all financial results are included in continuing operations. The Company recorded a gain on sale of $0.8 million, included in gains, losses and other items, net (see note 12). The transaction also generated a $4.1 million income tax benefit. Revenue and income from operations from the disposed Impact email business are shown below (dollars in thousands): For the quarter ended For the nine months ended December 31, December 31, 2016 2015 2016 2015 Revenues $ — $ $ $ Income from continuing operations before income taxes $ — $ $ $ 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 and nine months ended December 31, 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 (loss) from discontinued operations, net of tax (dollars in thousands): For the quarter ended For the nine months ended December 31, December 31, 2015 2015 Major classes of line items constituting earnings (loss) from discontinued operations, net of tax: Revenues $ — $ Cost of revenue — Gross profit — Operating expenses: Sales and marketing — General and administrative — Gain on sale of discontinued operations Total operating expenses Earnings (loss) from discontinued operations Interest expense — Other, net — Earnings (loss) from discontinued operations before income taxes Income taxes (benefit) Earnings (loss) 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. Cash inflows and outflows related to the agreements are included in cash flows from operating activities in the condensed consolidated statements of cash flows. Revenues and expenses related to the agreements are included in income (loss) from operations in the condensed consolidated statements of operations. The related cash inflows and outflows and revenues and expenses for all periods reported are shown below (dollars in thousands): For the quarter ended For the nine months ended December 31, December 31, 2016 2015 2016 2015 Cash inflows $ $ $ $ Cash outflows $ $ $ $ Revenues $ $ $ $ Expenses $ $ $ $

OTHER CURRENT AND NONCURRENT AS

OTHER CURRENT AND NONCURRENT ASSETS:	9 Months Ended
	Dec. 31, 2016
OTHER CURRENT AND NONCURRENT ASSETS:
OTHER CURRENT AND NONCURRENT ASSETS:	6. Other current assets consist of the following (dollars in thousands): December 31, March 31, 2016 2016 Prepaid expenses $ $ Escrow deposit (see note 4) — Note receivable (see note 5) — Assets of non-qualified retirement plan Other current assets $ $ Other noncurrent assets consist of the following (dollars in thousands): December 31, March 31, 2016 2016 Acquired intangible assets, net $ $ Deferred data acquisition costs Other miscellaneous noncurrent assets Noncurrent assets $ $

OTHER ACCRUED EXPENSES_

OTHER ACCRUED EXPENSES:	9 Months Ended
	Dec. 31, 2016
Other Accrued Expenses [Abstract].
OTHER ACCRUED EXPENSES	7. Other accrued expenses consist of the following (dollars in thousands): December 31, March 31, 2016 2016 Accrued purchase consideration (see note 4) $ $ — Other accrued expenses Other current assets $ $

GOODWILL_

GOODWILL:	9 Months Ended
	Dec. 31, 2016
GOODWILL:
GOODWILL:	8. The following table summarizes Goodwill activity, by segment, for the nine months ended December 31, 2016 (dollars in thousands). Marketing Audience Services Solutions Connectivity Total Balance at March 31, 2016 $ $ $ $ Allant adjustment — — Arbor and Circulate acquisitions (see note 4) — — Impact email disposition (see note 5) — — Change in foreign currency translation adjustment — Balance at December 31, 2016 $ $ $ $ Goodwill by component included in each segment as of December 31, 2016 was: Marketing Audience Services Solutions Connectivity Total U.S. $ $ $ $ APAC — Balance at December 31, 2016 $ $ $ $

LONG-TERM DEBT_

LONG-TERM DEBT:	9 Months Ended
	Dec. 31, 2016
LONG-TERM DEBT:
LONG-TERM DEBT:	9. Long-term debt consists of the following (dollars in thousands): December 31, March 31, 2016 2016 Term loan credit agreement $ $ Revolving credit borrowings — 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. During the quarter ended December 31, 2016, the Company borrowed $70.0 million on its revolving credit facility and used the proceeds in the Arbor and Circulate acquisitions (see note 4). The revolving credit borrowings are payable and due 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 December 31, 2016, the LIBOR credit spread was 1.75%. The weighted-average interest rate on term loan borrowings at December 31, 2016 was 2.6%. The weighted-average interest rate on revolving credit borrowings at December 31, 2016 was 2.4%. There were no material outstanding letters of credit at December 31, 2016. The term loan and revolving credit borrowings allow 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. At December 31, 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 December 31, 2016 was 0.98%. 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 December 31, 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 December 31, 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 immaterial unrealized loss since inception is recorded in other comprehensive income (loss). The fair value of the interest rate swap agreement recorded in accumulated other comprehensive income 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 December 31, 2016.

ALLOWANCE FOR DOUBTFUL ACCOUNTS

ALLOWANCE FOR DOUBTFUL ACCOUNTS:	9 Months Ended
	Dec. 31, 2016
ALLOWANCE FOR DOUBTFUL ACCOUNTS:
ALLOWANCE FOR DOUBTFUL ACCOUNTS:	10. Trade accounts receivable are presented net of allowances for doubtful accounts, returns and credits of $6.7 million at December 31, 2016 and $7.3 million at March 31, 2016.

SEGMENT INFORMATION_

SEGMENT INFORMATION:	9 Months Ended
	Dec. 31, 2016
SEGMENT INFORMATION:
SEGMENT INFORMATION:	11. 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. · 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 quarter ended For the nine months ended December 31, December 31, 2016 2015 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 quarter ended For the nine months ended December 31, December 31, 2016 2015 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) Separation and transformation costs included in general and administrative Gains, losses and other items, net Impairment of goodwill and other — — — Purchased intangible asset amortization Non-cash stock compensation Accelerated amortization — — Income (loss) from operations $ $ $ $

RESTRUCTURING, IMPAIRMENT AND O

RESTRUCTURING, IMPAIRMENT AND OTHER CHARGES:	9 Months Ended
	Dec. 31, 2016
RESTRUCTURING, IMPAIRMENT AND OTHER CHARGES:
RESTRUCTURING, IMPAIRMENT AND OTHER CHARGES:	12. The following table summarizes the restructuring activity for the nine months ended December 31, 2016 (dollars in thousands): Associate-related Ongoing reserves contract costs Total March 31, 2016 $ $ $ Restructuring charges and adjustments — Payments December 31, 2016 $ $ $ The above balances are included in other accrued expenses and other liabilities on the condensed consolidated balance sheet. Restructuring Plans In the nine months ended December 31, 2016, the Company recorded a total of $2.1 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 which $0.8 million represented adjustments to the fiscal 2016 restructuring plans. The remaining $1.3 million related to termination of associates in the United States. Of the amount accrued for 2017, $0.8 million remained accrued as of December 31, 2016. These amounts are expected to be paid out in fiscal 2017. 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, $0.6 million remained accrued as of December 31, 2016. These amounts 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 December 31, 2016. These amounts 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 fiscal 2015, $1.9 million remained accrued as of December 31, 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 quarter ended For the nine months ended December 31, December 31, 2016 2015 2016 2015 Restructuring plan charges and adjustments $ $ $ $ Gain on disposition of Impact email business — — Arbor and Circulate acquisition-related costs (see note 4) — — Other $ $ $ $

COMMITMENTS AND CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES:	9 Months Ended
	Dec. 31, 2016
COMMITMENTS AND CONTINGENCIES:
COMMITMENTS AND CONTINGENCIES:	13. 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 $77.8 million. In connection with the disposal of certain assets, the Company guaranteed a lease for the buyer of the assets. The Company guaranteed the lease as required by the asset disposition agreement. Should the third party default, the Company would be required to perform under this guarantee. At December 31, 2016, the Company’s maximum potential future payments under this guarantee totaled $0.1 million. In connection with the Acxiom Impact disposition during the current fiscal quarter (see Note 5), the Company assigned a facility lease to the buyer of the business. The Company guaranteed the facility lease as required by the asset disposition agreement. Should the assignee default, the Company would be required to perform under the terms of the facility lease, which runs through September 2021. At December 31, 2016, the Company’s maximum potential future rent payments under this guarantee totaled $2.8 million.

INCOME TAXES_

INCOME TAXES:	9 Months Ended
	Dec. 31, 2016
INCOME TAXES:
INCOME TAXES:	14. In determining the quarterly provision for income taxes, the Company makes its best estimate of the effective income tax rate expected to be applicable for the full fiscal year. The estimated effective income tax rate for the current fiscal year is significantly impacted by nondeductible share-based compensation and to a lesser extent by state income taxes, research tax credits, and losses in foreign jurisdictions. 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. The Company does not record a tax benefit for certain foreign losses due to uncertainty of future utilization. Income taxes for the current fiscal year includes a $4.1 million tax benefit in connection with the sale of the Impact email business.

FINANCIAL INSTRUMENTS_

FINANCIAL INSTRUMENTS:	9 Months Ended
	Dec. 31, 2016
FAIR VALUE OF FINANCIAL INSTRUMENTS:
FINANCIAL INSTRUMENTS:	15. 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 December 31, 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 Level 1 Level 2 Level 3 Total Assets: Other current assets $ $ — $ — $ Total assets $ $ — $ — $ Liabilities: Other accrued expenses $ — $ $ — $ Total liabilities $ — $ $ — $

BASIS OF PRESENTATION AND SUM22

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (Policies)	9 Months Ended
	Dec. 31, 2016
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
Recent Accounting Pronouncements Not Yet Adopted	Recent Accounting Pronouncements Not Yet Adopted On November 17, 2016, the . It is intended to reduce diversity in the presentation of restricted cash and restricted cash equivalents in the statement of cash flows. The new standard requires that restricted cash and restricted cash equivalents be included as components of total cash and cash equivalents as presented on the statement of cash flows. As a result, entities will no longer present transfers between cash and cash equivalents and restricted cash and restricted cash equivalents in the statement of cash flows. ASU 2016-18 is effective for annual periods beginning after December 15, 2017 (fiscal 2019 for the Company), including interim periods within those fiscal years. Earlier adoption is permitted. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements and related disclosures In March 2016, the FASB issued 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 continuing to evaluate the impact of the adoption of this guidance on its consolidated financial statements and related disclosures. 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 continuing to evaluate the impact of the adoption of this guidance on its consolidated financial statements and related disclosures. 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 has completed its preliminary assessment of the new standard and is continuing assessment as we complete implementation design activities. The Company 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 statements or related disclosures.

EARNINGS (LOSS) PER SHARE AND23

EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY: (Tables)	9 Months Ended
	Dec. 31, 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 For the nine months ended December 31, December 31, 2016 2015 2016 2015 Basic earnings (loss) per share: Net earnings (loss) from continuing operations $ $ $ $ Net earnings (loss) 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 per share because the effect was anti-dilutive are shown below (in thousands, except share price amounts): For the quarter ended For the nine months ended December 31, December 31, 2016 2015 2016 2015 Number of shares outstanding under options, warrants and restricted stock units Range of exercise prices for options $ 32.85 - $32.85 $ 17.49 - $62.06 $ 20.27 - $32.85 $ 17.49 - $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): December 31, March 31, 2016 2016 Foreign currency translation $ $ Unrealized gain (loss) on interest rate swap $ $

SHARE-BASED COMPENSATION_ (Tabl

SHARE-BASED COMPENSATION: (Tables)	9 Months Ended
	Dec. 31, 2016
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 $ Arbor and Circulate replacement stock options $ Exercised $ $ Forfeited or cancelled $ Outstanding at December 31, 2016 $ $ Exercisable at December 31, 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 December 31, 2016 $ $ — Exercisable at December 31, 2016 — $ — — $ —
Schedule of non-vested time-vesting restricted stock unit activity	Non-vested time-vesting restricted stock unit activity for the nine-month period ended December 31, 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 December 31, 2016 $
Schedule of non-vested performance-based restricted stock units activity	Non-vested performance-based restricted stock unit activity for the nine-month period ended December 31, 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 December 31, 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 $ Forfeited or cancelled $ Outstanding at December 31, 2016 $
Stock option
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 — $ — Granted $ Forfeited or cancelled $ Outstanding at December 31, 2016 $ $ Exercisable at December 31, 2016 — $ — — $ —

ACQUISITIONS_ (Tables)

ACQUISITIONS: (Tables)	9 Months Ended
	Dec. 31, 2016
Schedule of estimated fair values of assets acquired and liabilities assumed	The following table summarizes the preliminary estimated fair values of assets acquired and liabilities assumed as of the date of the acquisitions (dollars in thousands): Assets acquired: Cash $ Trade accounts receivable Goodwill Intangible assets (Other assets) Other current and noncurrent assets Total assets acquired Deferred income taxes Accounts payable and accrued expenses Net assets acquired Less: Cash acquired Net cash paid $
Schedule of components of intangible assets acquired and their estimated useful lives	ntangible assets will be amortized on a straight-line basis over the estimated useful lives of 1 to 6 years. The following table presents the components of intangible assets acquired and their estimated useful lives as of the acquisition date (dollars in thousands): Useful life Fair value (in years) Publisher relationships $ Developed technology 2 to 4 Customer relationships Trade name Total intangible assets $
Arbor and Circulate
Schedule of unaudited pro forma financial information	The unaudited pro forma financial information was as follows (dollars in thousands, except per share data): For the quarter ended For the nine months ended December 31, December 31, 2016 2015 2016 2015 Revenues $ $ $ $ Net loss $ $ $ $ Basic loss per share $ $ $ $ Diluted loss per share $ $ $ $

DISCONTINUED OPERATIONS AND D26

DISCONTINUED OPERATIONS AND DISPOSITIONS: (Tables)	9 Months Ended
	Dec. 31, 2016
Schedule of Cash inflows, outflows, revenues and expenses	The related cash inflows and outflows and revenues and expenses for all periods reported are shown below (dollars in thousands): For the quarter ended For the nine months ended December 31, December 31, 2016 2015 2016 2015 Cash inflows $ $ $ $ Cash outflows $ $ $ $ Revenues $ $ $ $ Expenses $ $ $ $
Zeta Interactive | Sale to Zeta
Schedule of summary results of operations for discontinued operations	Revenue and income from operations from the disposed Impact email business are shown below (dollars in thousands): For the quarter ended For the nine months ended December 31, December 31, 2016 2015 2016 2015 Revenues $ — $ $ $ Income from continuing operations before income taxes $ — $ $ $
ITO | Sale to ITO
Schedule of carrying amounts of major classes of assets and liabilities of discontinued operations	The following table is a reconciliation of the major classes of line items constituting earnings (loss) from discontinued operations, net of tax (dollars in thousands): For the quarter ended For the nine months ended December 31, December 31, 2015 2015 Major classes of line items constituting earnings (loss) from discontinued operations, net of tax: Revenues $ — $ Cost of revenue — Gross profit — Operating expenses: Sales and marketing — General and administrative — Gain on sale of discontinued operations Total operating expenses Earnings (loss) from discontinued operations Interest expense — Other, net — Earnings (loss) from discontinued operations before income taxes Income taxes (benefit) Earnings (loss) from discontinued operations, net of tax $ $

OTHER CURRENT AND NONCURRENT 27

OTHER CURRENT AND NONCURRENT ASSETS: (Tables)	9 Months Ended
	Dec. 31, 2016
OTHER CURRENT AND NONCURRENT ASSETS:
Schedule of components of other current assets	Other current assets consist of the following (dollars in thousands): December 31, March 31, 2016 2016 Prepaid expenses $ $ Escrow deposit (see note 4) — Note receivable (see note 5) — 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): December 31, March 31, 2016 2016 Acquired intangible assets, net $ $ Deferred data acquisition costs Other miscellaneous noncurrent assets Noncurrent assets $ $

OTHER ACCRUED EXPENSES_ (Tables

OTHER ACCRUED EXPENSES: (Tables)	9 Months Ended
	Dec. 31, 2016
Other Accrued Expenses [Abstract].
Schedule of other accrued expenses	Other accrued expenses consist of the following (dollars in thousands): December 31, March 31, 2016 2016 Accrued purchase consideration (see note 4) $ $ — Other accrued expenses Other current assets $ $

GOODWILL_ (Tables)

GOODWILL: (Tables)	9 Months Ended
	Dec. 31, 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 nine months ended December 31, 2016 (dollars in thousands). Marketing Audience Services Solutions Connectivity Total Balance at March 31, 2016 $ $ $ $ Allant adjustment — — Arbor and Circulate acquisitions (see note 4) — — Impact email disposition (see note 5) — — Change in foreign currency translation adjustment — Balance at December 31, 2016 $ $ $ $ Goodwill by component included in each segment as of December 31, 2016 was: Marketing Audience Services Solutions Connectivity Total U.S. $ $ $ $ APAC — Balance at December 31, 2016 $ $ $ $

LONG-TERM DEBT_ (Tables)

LONG-TERM DEBT: (Tables)	9 Months Ended
	Dec. 31, 2016
LONG-TERM DEBT:
Schedule of components of long-term debt	Long-term debt consists of the following (dollars in thousands): December 31, March 31, 2016 2016 Term loan credit agreement $ $ Revolving credit borrowings — 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)	9 Months Ended
	Dec. 31, 2016
SEGMENT INFORMATION:
Schedule of information by business segment	The following table presents information by business segment (dollars in thousands): For the quarter ended For the nine months ended December 31, December 31, 2016 2015 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.
Reconciliation of total operating segment gross profit to total gross profit and total operating segment income from operations to loss from operations	For the quarter ended For the nine months ended December 31, December 31, 2016 2015 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) Separation and transformation costs included in general and administrative Gains, losses and other items, net Impairment of goodwill and other — — — Purchased intangible asset amortization Non-cash stock compensation Accelerated amortization — — Income (loss) from operations $ $ $ $

RESTRUCTURING, IMPAIRMENT AND32

RESTRUCTURING, IMPAIRMENT AND OTHER CHARGES: (Tables)	9 Months Ended
	Dec. 31, 2016
RESTRUCTURING, IMPAIRMENT AND OTHER CHARGES:
Summary of restructuring activity	The following table summarizes the restructuring activity for the nine months ended December 31, 2016 (dollars in thousands): Associate-related Ongoing reserves contract costs Total March 31, 2016 $ $ $ Restructuring charges and adjustments — Payments December 31, 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 quarter ended For the nine months ended December 31, December 31, 2016 2015 2016 2015 Restructuring plan charges and adjustments $ $ $ $ Gain on disposition of Impact email business — — Arbor and Circulate acquisition-related costs (see note 4) — — Other $ $ $ $

FINANCIAL INSTRUMENTS_ (Tables)

FINANCIAL INSTRUMENTS: (Tables)	9 Months Ended
	Dec. 31, 2016
FAIR VALUE OF FINANCIAL INSTRUMENTS:
Schedule of financial assets and liabilities measured at fair value	The following table presents the Level 1 Level 2 Level 3 Total Assets: Other current assets $ $ — $ — $ Total assets $ $ — $ — $ Liabilities: Other accrued expenses $ — $ $ — $ Total liabilities $ — $ $ — $

EARNINGS (LOSS) PER SHARE AND34

EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY: (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Mar. 31, 2016
EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY:
Net earnings (loss) from continuing operations	$ 1,073	$ (439)	$ 12,189	$ (6,966)
Net earnings (loss) from discontinued operations, net of tax		(971)		15,240
Net earnings (loss)	$ 1,073	$ (1,410)	$ 12,189	$ 8,274
Basic earnings (loss) per share:
Basic weighted-average shares outstanding	77,507	77,831	77,475	77,903
Continuing operations (in dollars per share)	$ 0.01	$ (0.01)	$ 0.16	$ (0.09)
Discontinued operations (in dollars per share)		(0.01)		0.20
Net earnings (in dollar per share)	$ 0.01	$ (0.02)	$ 0.16	$ 0.11
Diluted earnings (loss) per share:
Basic weighted-average shares outstanding	77,507	77,831	77,475	77,903
Dilutive effect of common stock options, warrants, and restricted stock as computed under the treasury stock method (in shares)	2,344		2,019
Diluted weighted-average shares outstanding	79,851	77,831	79,494	77,903
Continuing operations (in dollars per share)	$ 0.01	$ (0.01)	$ 0.15	$ (0.09)
Discontinued operations (in dollars per share)		(0.01)		0.20
Net earnings (loss) (in dollars per share)	$ 0.01	$ (0.02)	$ 0.15	$ 0.11
Stockholders' Equity
Number of shares outstanding under options, warrants and restricted stock units (in shares)	156	1,112	345	1,751
Repurchase of treasury stock			$ 30,542	$ 37,535
Cumulative amount paid for repurchase of treasury stock	$ 1,038,652		1,038,652		$ 1,003,382
Common stock repurchase program
Stockholders' Equity
Maximum amount of common stock that may be repurchased	$ 400,000		$ 400,000
Number of shares repurchased			1,300
Repurchase of treasury stock			$ 30,500
Cumulative shares repurchased	16,800		16,800
Cumulative amount paid for repurchase of treasury stock	$ 285,700		$ 285,700
Remaining capacity under the stock repurchase program	$ 114,300		$ 114,300
Options, Warrants And Restricted Stock Units
Stockholders' Equity
Number of shares outstanding under options, warrants and restricted stock units (in shares)		1,500		1,400
Options, Warrants And Restricted Stock Units | Minimum
Stockholders' Equity
Range of exercise prices for options and warrants (in dollars per share)	$ 32.85	$ 17.49	$ 20.27	$ 17.49
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	$ 32.85	$ 62.06

EARNINGS (LOSS) PER SHARE AND35

EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY: - Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2016
Accumulated Other Comprehensive Income.
Foreign currency translation	$ 6,295	$ 8,705
Unrealized gain (loss) on interest rate swap	2	(115)
Accumulated Other Comprehensive Income	$ 6,297	$ 8,590

SHARE-BASED COMPENSATION_ (Deta

SHARE-BASED COMPENSATION: (Details) - USD ($) $ / shares in Units, $ in Thousands	Nov. 22, 2016	Dec. 31, 2016	Dec. 31, 2015
Stock Option Activity - Number of Shares
Outstanding at beginning of the period (in shares)		3,604,102
Exercised (in shares)		(566,092)
Forfeited or cancelled (in shares)		(67,513)
Outstanding at end of the period (in shares)		3,329,433
Exercisable at the end of the period (in shares)		2,369,091
Weighted-average exercise price per share
Outstanding at the beginning of the period (in dollars per share)		$ 14.52
Exercised (in dollars per share)		13.73
Forfeited or cancelled (in dollars per share)		13.90
Outstanding at the end of the period (in dollars per share)		13.26
Exercisable at the end of the period (in dollars per share)		$ 14.15
Weighted-average remaining contractual term
Outstanding at the end of the period		5 years 3 months 18 days
Exercisable at the end of the period		4 years 4 months 24 days
Aggregate intrinsic value
Exercised		$ 5,785
Outstanding at the end of the period		45,208
Exercisable at the end of the period		$ 30,056
Circulate
Share-based compensation
Options issued (in shares)	73,951
Arbor and Circulate
Share-based compensation
Per share exercise price (in dollars per share)		$ 1.48
Stock Option Activity - Number of Shares
Granted (in shares)		358,936
Weighted-average exercise price per share
Granted (in dollars per share)		$ 1.48
Vesting based on relevant performance period at March 31, 2017
Share-based compensation
Options issued (in shares)		345,571
Number of units reached maturity		203,277
Vesting percentage		170.00%
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)		30,000,000
Shares which remained available for future grants (in shares)		2,600,000
Stock options
Share-based compensation
Exercise price (in dollars per share)	$ 2.29
Share-based compensation expense		$ 5,400	$ 7,000
Future share-based compensation expense		$ 12,600
Period for recognition of unrecognized stock-based compensation expense		4 years
Stock options | LiveRamp, Inc.
Share-based compensation
Share-based compensation expense		$ 2,200
Stock options | Arbor
Share-based compensation
Options issued (in shares)	284,985
Weighted average fair value (in dollars per share)	$ 25.85
Exercise price (in dollars per share)	$ 1.27
Pricing model used for share-based compensation arrangement		binomial lattice
Dividend yield (as a percent)	0.00%
Expected volatility (as a percent)	38.00%
Minimum risk-free interest rate (as a percent)	2.24%
Maximum risk-free interest rate (as a percent)	2.32%
Stock option exchange ratio	0.41998%
Assumptions:
Dividend yield (as a percent)	0.00%
Risk-free interest rates, minimum	2.24%
Risk-free interest rates, maximum	2.32%
Expected volatility (as a percent)	38.00%
Suboptimal exercise multiplier	1.40%
Total fair value	$ 7,400
Stock options | Circulate
Share-based compensation
Weighted average fair value (in dollars per share)	$ 24.80
Assumptions:
Total fair value	$ 1,800
Stock options | Minimum | Arbor
Share-based compensation
Expected option life	8 years 7 months 6 days
Assumptions:
Remaining term	8 years 7 months 6 days
Stock options | Maximum | Arbor
Share-based compensation
Expected option life	9 years 10 months 24 days
Assumptions:
Remaining term	9 years 10 months 24 days
Stock Appreciation Rights (SARs)
Share-based compensation
Share-based compensation expense		$ 100	$ 100
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)	9 Months Ended
	Dec. 31, 2016$ / sharesshares
Stock options outstanding and exercisable by exercise price range
Options outstanding (in shares) | shares	3,329,433
Options outstanding - Weighted-average remaining contractual life	5 years 3 months 18 days
Options outstanding - Weighted-average exercise price per share (in dollars per share)	$ 13.26
Options exercisable (in shares) | shares	2,369,091
Options exercisable - Weighted-average exercise price per share (in dollars per share)	$ 14.15
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	906,395
Options outstanding - Weighted-average remaining contractual life	6 years 6 months
Options outstanding - Weighted-average exercise price per share (in dollars per share)	$ 1.68
Options exercisable (in shares) | shares	459,760
Options exercisable - Weighted-average exercise price per share (in dollars per share)	$ 1.71
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	1,580,005
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)	$ 15.21
Options exercisable (in shares) | shares	1,270,848
Options exercisable - Weighted-average exercise price per share (in dollars per share)	$ 14.60
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	823,481
Options outstanding - Weighted-average remaining contractual life	4 years 4 months 24 days
Options outstanding - Weighted-average exercise price per share (in dollars per share)	$ 21.78
Options exercisable (in shares) | shares	623,820
Options exercisable - Weighted-average exercise price per share (in dollars per share)	$ 21.97
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	6 years 10 months 24 days
Options outstanding - Weighted-average exercise price per share (in dollars per share)	$ 32.85
Options exercisable (in shares) | shares	14,663
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, 2016	Dec. 31, 2016USD ($)item$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of increment over two years		0.0333%
Number of shares
Outstanding at beginning of the period (in shares) | shares		3,604,102
Forfeited or cancelled (in shares) | shares		(67,513)
Outstanding at end of the period (in shares) | shares		3,329,433
Exercisable at the end of the period (in shares) | shares		2,369,091
Weighted-average exercise price per share
Outstanding at the beginning of the period (in dollars per share) | $ / shares		$ 14.52
Forfeited or cancelled (in dollars per share) | $ / shares		13.90
Outstanding at the end of the period (in dollars per share) | $ / shares		13.26
Exercisable at the end of the period (in dollars per share) | $ / shares		$ 14.15
Weighted-average remaining contractual term
Outstanding at the end of the period		5 years 3 months 18 days
Exercisable at the end of the period		4 years 4 months 24 days
Aggregate intrinsic value
Outstanding at the end of the period | $		$ 45,208
Exercisable at the end of the period | $		30,056
Performance stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Value of shares granted | $		$ 4,900
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
Share-based compensation expense | $		$ 1,000
Future expense for performance stock option units | $		$ 4,700
Period for recognition of unrecognized stock-based compensation expense		5 years
Number of shares
Granted (in shares) | shares		633,604
Forfeited or cancelled (in shares) | shares		(24,677)
Outstanding at end of the period (in shares) | shares		608,927
Weighted-average exercise price per share
Granted (in dollars per share) | $ / shares		$ 21.40
Forfeited or cancelled (in dollars per share) | $ / shares		21.32
Outstanding at the end of the period (in dollars per share) | $ / shares		$ 21.40
Weighted-average remaining contractual term
Outstanding at the end of the period		2 years 4 months 24 days
Exercisable at the end of the period		0 years
Aggregate intrinsic value
Outstanding at the end of the period | $		$ 3,285
Expected recognition period for future expense for units		5 years
Performance stock | Vesting on first anniversary on closing date | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	0.00%
Performance stock | Vesting on first anniversary on closing date | 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	9 Months Ended		12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Mar. 31, 2016
Performance stock
Share-based compensation activity
Granted (in shares)	254,419
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)	2 months 12 days
Share-based compensation expense	$ 0.1	$ 0.1
Restricted stock units
Weighted-average remaining contractual term
Share-based compensation expense	24.4	$ 13.9
Future share-based compensation expense expected	$ 73
Period for recognition of unrecognized stock-based compensation expense	4 years
Restricted stock units | Performance stock
Share-based compensation activity
Outstanding at the beginning of the period (in shares)	516,818
Granted (in shares)	254,419
Outstanding at the end of the period (in shares)	742,287		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)	$ 20.73		$ 18.62
Weighted-average remaining contractual term
Outstanding at the end of the period (in years)	1 year 4 months 17 days		1 year 8 months 1 day
Aggregate fair value of restricted stock units granted	$ 6.3
Restricted stock units | Partial cliff vest tranche one
Share-based compensation activity
Granted (in shares)	357,829
Restricted stock units | Partial cliff vest tranche two
Share-based compensation activity
Granted (in shares)	316,481

SHARE-BASED COMPENSATION_ Non v

SHARE-BASED COMPENSATION: Non vested time vesting restricted stock unit activity (Details) - USD ($) $ / shares in Units, $ in Millions	9 Months Ended		12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Mar. 31, 2016
Performance stock
Non-vested restricted stock unit activity
Granted (in shares)	254,419
Restricted Stock Unit Activity - Other disclosures
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	254,419
Vesting based on relevant performance period at March 31, 2017
Restricted Stock Unit Activity - Other disclosures
Share awards vesting percentage (as a percent)	170.00%
Number of units reached maturity	203,277
Options issued (in shares)	345,571
Restricted stock units
Restricted Stock Unit Activity - Other disclosures
Share-based compensation expense	$ 24.4	$ 13.9
Future share-based compensation expense expected	$ 73
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)	2,107,608
Vested (in shares)	(890,127)
Forfeited or cancelled (in shares)	(167,408)
Outstanding at the end of the period (in shares)	3,329,968		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)	23.77
Vested (in dollars per share)	20.18
Forfeited or cancelled (in dollars per share)	19.94
Outstanding at the end of the period (in dollars per share)	$ 22.13		$ 19.69
Weighted-average remaining contractual term
Outstanding at the end of the period (in years)	2 years 7 months 17 days		2 years 1 month 13 days
Restricted Stock Unit Activity - Other disclosures
Aggregate fair value of restricted stock units granted	$ 50.1
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	2,107,608
Restricted stock units | Time-vesting | Arbor and Circulate
Non-vested restricted stock unit activity
Granted (in shares)	768,710
Restricted Stock Unit Activity - Other disclosures
Aggregate fair value of restricted stock units granted	$ 20
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	768,710
Restricted stock units | Vesting in four years
Non-vested restricted stock unit activity
Granted (in shares)	1,395,116
Restricted Stock Unit Activity - Other disclosures
Award vesting period	4 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	1,395,116
Restricted stock units | Vesting in one year
Non-vested restricted stock unit activity
Granted (in shares)	38,182
Restricted Stock Unit Activity - Other disclosures
Award vesting period	1 year
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	38,182
Restricted stock units | Performance stock
Non-vested restricted stock unit activity
Outstanding at the beginning of the period (in shares)	516,818
Granted (in shares)	254,419
Forfeited or cancelled (in shares)	(28,950)
Outstanding at the end of the period (in shares)	742,287		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)	17.53
Outstanding at the end of the period (in dollars per share)	$ 20.73		$ 18.62
Weighted-average remaining contractual term
Outstanding at the end of the period (in years)	1 year 4 months 17 days		1 year 8 months 1 day
Restricted Stock Unit Activity - Other disclosures
Aggregate fair value of restricted stock units granted	$ 6.3
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	254,419
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%
Restricted stock units | Vesting based on relevant performance period at March 31, 2017
Restricted Stock Unit Activity - Other disclosures
Share awards vesting percentage (as a percent)	200.00%
Number of units reached maturity	159,306
Options issued (in shares)	318,612
Restricted stock units | Vesting based on relevant performance period at March 31, 2018
Restricted Stock Unit Activity - Other disclosures
Share awards vesting percentage (as a percent)	200.00%
Number of units reached maturity	287,630
Options issued (in shares)	575,260

SHARE-BASED COMPENSATION_ Other

SHARE-BASED COMPENSATION: Other (Details) $ / shares in Units, $ in Millions	Nov. 22, 2016USD ($)item	Jun. 29, 2016	Dec. 31, 2016USD ($)item$ / sharesshares	Dec. 31, 2015USD ($)	Mar. 31, 2016$ / sharesshares
Share-based Activity - Other disclosures
Holdback consideration transferred			$ 38.3
Number of increments | item			30
Percentage of increment over two years			0.0333%
Holdback expenses			$ 1.3
Performance stock
Weighted-average remaining contractual term
Outstanding at the end of the period (in years)			6 months 18 days
Share-based Activity - Other disclosures
Share-based compensation expense			$ 1
Period for recognition of unrecognized stock-based compensation expense			5 years
Percentage of increment over two years			50.00%
Performance stock | Minimum | Vesting on first anniversary on closing date
Share-based Activity - Other disclosures
Share awards vesting percentage (as a percent)		0.00%
Performance stock | Maximum | Vesting on first anniversary on closing date
Share-based Activity - Other disclosures
Share awards vesting percentage (as a percent)		300.00%
Other performance based
Share-based compensation activity
Outstanding at the beginning of the period (in shares) | shares			635,655
Forfeited or cancelled (in shares) | shares			(19,231)
Outstanding at the end of the period (in shares) | shares			616,424		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) | $ / shares			$ 4.07
Forfeited or cancelled (in dollars per share) | $ / shares			2.94
Outstanding at the end of the period (in dollars per share) | $ / shares			$ 4.10		$ 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			$ 0.7	$ 0.6
Future share-based compensation expense expected			$ 0.6
Period for recognition of unrecognized stock-based compensation expense			2 years
Arbor
Share-based Activity - Other disclosures
Holdback consideration transferred	$ 38.3
Number of increments | item	30

ACQUISITIONS_ (Details)

ACQUISITIONS: (Details) $ in Thousands	Nov. 29, 2016USD ($)	Nov. 22, 2016USD ($)item	Nov. 29, 2015USD ($)	Dec. 31, 2016USD ($)item	Dec. 31, 2015USD ($)	Mar. 31, 2016USD ($)
Business Acquisition [Line Items]
Holdback consideration transferred				$ 38,300
Number of increments | item				30
Escrow cash				$ 5,880
Assets acquired:
Cash			$ 9,495
Trade accounts receivable, net			3,352
Goodwill			104,364	591,102		$ 492,745
Intangible assets (Other assets, net)		$ 41,800	41,800
Other current and noncurrent assets			278
Total assets acquired			159,289
Deferred income tax liabilities			(8,093)
Accounts payable and accrued expenses			(4,317)
Net assets acquired			146,879
Less: Cash acquired			9,495
Net cash paid			$ 137,384	137,383	$ 5,386
Amounts of revenue and net loss
Non-cash stock-based compensation expense				33,955	$ 23,529
Publisher relationships
Assets acquired:
Intangible assets (Other assets, net)		$ 24,800
Intangible assets, useful lives		6 years
Developed technology
Assets acquired:
Intangible assets (Other assets, net)		$ 9,300
Developed technology | Minimum
Assets acquired:
Intangible assets, useful lives		2 years
Developed technology | Maximum
Assets acquired:
Intangible assets, useful lives		4 years
Customer relationships
Assets acquired:
Intangible assets (Other assets, net)		$ 7,100
Intangible assets, useful lives		6 years
Trade name
Assets acquired:
Intangible assets (Other assets, net)		$ 600
Intangible assets, useful lives		1 year
Circulate Inducement Awards | All Other employees
Business Acquisition [Line Items]
Vesting period (in years)	4 years
Circulate Inducement Awards | Vesting on first anniversary on closing date | All Other employees
Business Acquisition [Line Items]
Vesting percentage	25.00%
Circulate Inducement Awards | Vesting each twelve months thereafter | All Other employees
Business Acquisition [Line Items]
Vesting percentage	25.00%
Arbor and Circulate
Business Acquisition [Line Items]
Aggregate fair value				9,200
Amounts of revenue and net loss
Acquisition costs				$ 1,400
Arbor and Circulate | Minimum
Assets acquired:
Intangible assets, useful lives				1 year
Arbor and Circulate | Maximum
Assets acquired:
Intangible assets, useful lives				6 years
Arbor
Business Acquisition [Line Items]
Holdback consideration transferred		$ 38,300
Number of increments | item		30
Arbor | Arbor Inducement Awards
Business Acquisition [Line Items]
Grant date fair value		$ 10,000
Vesting period (in years)		3 years
Arbor | Arbor Inducement Awards | Vesting on first anniversary on closing date
Business Acquisition [Line Items]
Vesting percentage		34.00%
Arbor | Arbor Inducement Awards | Vesting each three months thereafter
Business Acquisition [Line Items]
Vesting percentage		8.25%
Circulate
Business Acquisition [Line Items]
Escrow cash	$ 5,900
Period for delivering funds to the seller	1 year
Circulate | Circulate Inducement Awards
Business Acquisition [Line Items]
Grant date fair value	$ 10,000
Vesting period (in years)	2 years
Circulate | Circulate Inducement Awards | Vesting on first anniversary on closing date
Business Acquisition [Line Items]
Vesting percentage	50.00%
Circulate | Circulate Inducement Awards | Vesting each three months thereafter
Business Acquisition [Line Items]
Vesting percentage	12.50%

ACQUISITIONS_ - Pro-forma infor

ACQUISITIONS: - Pro-forma information (Details) - Arbor and Circulate - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Pro Forma Information
Revenues	$ 226,012	$ 221,964	$ 663,096	$ 627,300
Net loss	$ (3,421)	$ (6,245)	$ (4,068)	$ (9,329)
Basic loss per share	$ (0.04)	$ (0.08)	$ (0.05)	$ (0.12)
Diluted loss per share	$ (0.04)	$ (0.08)	$ (0.05)	$ (0.12)

DISCONTINUED OPERATIONS AND D44

DISCONTINUED OPERATIONS AND DISPOSITIONS: - Summary Results of Operations and Carrying Amounts of Major Classes of Assets and Liabilities of ITO (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Aug. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Proceeds from Divestiture of Businesses, Net of Cash Divested [Abstract]
Gain (Loss) on Disposition of Business		$ 155		$ 784
Income tax benefit				4,100
Operating expenses:
Income from continuing operations before income taxes		$ 7,407	$ (2,019)	19,288	$ (10,422)
Earnings (loss) from discontinued operations, net of tax			(971)		15,240
Zeta Interactive | Sale to Zeta
Proceeds from Divestiture of Businesses, Net of Cash Divested [Abstract]
Proceeds from Divestiture of Businesses	$ 22,000
Subordinated promissory note	$ 4,000
Debt Instrument, Interest Rate, Stated Percentage	6.00%
Gain (Loss) on Disposition of Business				800
Income tax benefit				4,100
Major classes of line items constituting earnings (loss) from discontinued operations, net of tax:
Revenues			14,967	20,375	46,490
Operating expenses:
Income from continuing operations before income taxes			2,435	$ 120	8,710
ITO | Sale to ITO
Major classes of line items constituting earnings (loss) from discontinued operations, net of tax:
Revenues					69,410
Cost of revenue					50,837
Gross profit					18,573
Operating expenses:
Sales and marketing					1,192
General and administrative					6,053
Gain on sale of discontinued operations			1,011		(9,349)
Total operating expenses			1,011		(2,104)
Earnings (loss) from discontinued operations			(1,011)		20,677
Interest expense					(681)
Other, net					(230)
Earnings (loss) from discontinued operations before income			(1,011)		19,766
Income taxes (benefit)			(490)		4,076
Earnings (loss) from discontinued operations, net of tax			$ (521)		$ 15,690

DISCONTINUED OPERATIONS AND D45

DISCONTINUED OPERATIONS AND DISPOSITIONS: - ITO Support Services (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Agreements upon sale of business
Operating Expenses	$ 97,729	$ 95,832	$ 271,591	$ 265,976
Certain agreements for support services and leased office space | ITO
Agreements upon sale of business
Cash inflows related to the agreements	1,329	1,986	5,017	2,685
Cash outflows related to the agreements	698	2,351	3,512	2,500
Revenues	1,502	1,752	5,055	2,918
Operating Expenses	$ 447	$ 1,845	$ 2,785	$ 3,001

OTHER CURRENT AND NONCURRENT 46

OTHER CURRENT AND NONCURRENT ASSETS: (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2016
Other current assets
Prepaid expenses	$ 25,712	$ 25,365
Escrow deposit (see note 4)	5,880
Note receivable (see note 5)	4,000
Assets of non-qualified retirement plan	12,443	12,532
Other current assets	48,035	37,897
Other noncurrent assets
Acquired intangible assets, net	47,522	19,203
Deferred data acquisitions costs	998	1,644
Other miscellaneous noncurrent assets	3,901	4,468
Noncurrent assets	$ 52,421	$ 25,315

OTHER ACCRUED EXPENSES_ (Detail

OTHER ACCRUED EXPENSES: (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2016
Other Accrued Expenses [Abstract].
Acquisition-related cash held in escrow (see note 4)	$ 5,880
Other accrued expenses	51,307	$ 48,254
Other current assets	$ 57,187	$ 48,254

GOODWILL_ (Details)

GOODWILL: (Details) - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Goodwill information
Asset impairment charges		$ 729
Goodwill
Goodwill at the beginning of year	$ 492,745
Allant Adjustment	19
Arbor and Circulate acquisitions	104,364
Impact email disposition (see note 5)	(5,684)
Change in foreign currency translation adjustment	342
Goodwill at the end of year	591,102
U.S. reporting unit
Goodwill
Goodwill at the end of year	579,886
APAC reporting unit
Goodwill
Goodwill at the end of year	11,216
Marketing Services
Goodwill
Goodwill at the beginning of year	124,586
Impact email disposition (see note 5)	(5,684)
Change in foreign currency translation adjustment	236
Goodwill at the end of year	118,666
Marketing Services | U.S. reporting unit
Goodwill
Goodwill at the end of year	110,910
Marketing Services | APAC reporting unit
Goodwill
Goodwill at the end of year	7,756
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
Arbor and Circulate acquisitions	104,364
Change in foreign currency translation adjustment	106
Goodwill at the end of year	198,987
Connectivity | U.S. reporting unit
Goodwill
Goodwill at the end of year	195,527
Connectivity | APAC reporting unit
Goodwill
Goodwill at the end of year	$ 3,460

LONG-TERM DEBT_ (Details)

LONG-TERM DEBT: (Details) - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2016	Mar. 31, 2016	Mar. 10, 2014
Long-term debt
Total long-term debt and capital leases	$ 238,682	$ 192,856
Less current installments	36,050	32,243
Less deferred debt financing costs	1,834	2,716
Long-term debt, excluding current installments and deferred debt financing costs	200,798	157,897
Long-term debt	$ 200,798	157,897
LIBOR rate (as a percent)	0.98%
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
LIBOR | March 10, 2014 derivative agreement
Long-term debt
Long-term debt variable interest rate description	LIBOR
Term loans
Long-term debt
Total long-term debt and capital leases	$ 162,500	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)	1.75%
Long-term debt variable interest rate description	LIBOR
Term loans | Alternative base rate
Long-term debt
Long-term debt variable interest rate description	Alternative base rate
Revolving credit facility
Long-term debt
Total long-term debt and capital leases	$ 70,000
Aggregate amount of borrowing commitment	$ 300,000
Weighted-average interest rate on long-term debt (as a percent)	2.40%
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)	1.75%
Long-term debt variable interest rate description	LIBOR
Revolving credit facility | Alternative base rate
Long-term debt
Long-term debt variable interest rate description	Alternative base rate
Other debt and long-term liabilities
Long-term debt
Total long-term debt and capital leases	$ 6,182	$ 7,856

ALLOWANCE FOR DOUBTFUL ACCOUN50

ALLOWANCE FOR DOUBTFUL ACCOUNTS: (Details) - USD ($) $ in Millions	Dec. 31, 2016	Mar. 31, 2016
ALLOWANCE FOR DOUBTFUL ACCOUNTS:
Allowances for doubtful accounts, returns and credits	$ 6.7	$ 7.3

SEGMENT INFORMATION_ (Details)

SEGMENT INFORMATION: (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Revenues:
Total revenues	$ 223,312	$ 221,193	$ 655,380	$ 625,433
Gross profit:
Total gross profit	106,844	95,458	295,988	260,677
Income (loss) from operations:
Income (loss) from operations	9,115	(374)	24,397	(5,299)
Gains, losses and other items, net	2,111	4,058	2,724	7,369
Impairment of goodwill and other assets				729
Depreciation and amortization:
Depreciation and amortization			61,097	63,221
Operating segment
Revenues:
Total revenues	223,312	221,193	655,380	625,433
Gross profit:
Total gross profit	113,705	99,956	312,979	274,981
Income (loss) from operations:
Income (loss) from operations	57,576	50,017	154,580	132,196
Operating segment | Marketing Services
Revenues:
Total revenues	101,177	115,725	316,571	336,430
Gross profit:
Total gross profit	37,494	38,561	109,440	112,140
Income (loss) from operations:
Income (loss) from operations	21,127	20,309	61,109	55,070
Operating segment | Audience Solutions
Revenues:
Total revenues	83,399	77,046	235,669	217,718
Gross profit:
Total gross profit	53,120	45,265	143,030	121,259
Income (loss) from operations:
Income (loss) from operations	34,572	30,723	89,640	80,000
Operating segment | Connectivity
Revenues:
Total revenues	38,736	28,422	103,140	71,285
Gross profit:
Total gross profit	23,091	16,130	60,509	41,582
Income (loss) from operations:
Income (loss) from operations	1,877	(1,015)	3,831	(2,874)
Reconciling items
Gross profit:
Purchased intangible asset amortization	4,621	3,754	12,588	11,263
Non-cash stock compensation	2,240	666	4,404	1,443
Accelerated amortization		78		1,598
Income (loss) from operations:
Corporate expenses (principally general and administrative)	24,185	27,827	75,342	76,868
Separation and transformation costs included in general and administrative	4,118	6,628	5,573	16,140
Gains, losses and other items, net	2,111	4,058	2,725	7,369
Purchased intangible asset amortization	4,621	3,754	12,588	11,262
Non-cash stock compensation	$ 13,427	8,046	$ 33,955	23,529
Accelerated amortization		$ 78		$ 1,598

RESTRUCTURING, IMPAIRMENT AND52

RESTRUCTURING, IMPAIRMENT AND OTHER CHARGES: (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Restructuring activity
Restructuring plan charges and adjustments	$ 899	$ 4,008	$ 2,107	$ 7,310
Continuing operations
Restructuring activity
Balance at the beginning of the period			6,379
Restructuring plan charges and adjustments			2,107
Payments			(4,893)
Balance at the end of the period	3,593		3,593		$ 6,379
Gains, losses and other items, net
Restructuring activity
Restructuring plan charges and adjustments			2,100
Fiscal 2016 | Gains, losses and other items, net
Restructuring activity
Restructuring plan charges and adjustments					12,000
Fiscal 2016 | Gains, losses and other items, net | France
Restructuring activity
Restructuring plan charges and adjustments					1,400
Fiscal 2015 | Gains, losses and other items, net
Restructuring activity
Restructuring plan charges and adjustments						$ 21,800
Fiscal 2015 | Gains, losses and other items, net | France
Restructuring activity
Restructuring plan charges and adjustments					3,000
Associate-related reserves | Continuing operations
Restructuring activity
Balance at the beginning of the period			2,855
Restructuring plan charges and adjustments			2,107
Payments			(3,267)
Balance at the end of the period	1,695		1,695		2,855
Associate-related reserves | United States, Europe, Brazil and Australia
Restructuring activity
Restructuring plan charges and adjustments			600
Associate-related reserves | Gains, losses and other items, net
Restructuring activity
Restructuring plan charges and adjustments			800
Associate-related reserves | Fiscal 2016 | United States, Europe, Brazil and Australia
Restructuring activity
Restructuring plan charges and adjustments					8,600
Associate-related reserves | Fiscal 2016 | Gains, losses and other items, net
Restructuring activity
Restructuring plan charges and adjustments					8,600
Associate-related reserves | Fiscal 2015 | United States, Australia, China and Europe
Restructuring activity
Restructuring plan charges and adjustments						13,300
Balance at the end of the period	300		300
Associate-related reserves | Fiscal 2015 | Gains, losses and other items, net
Restructuring activity
Restructuring plan charges and adjustments						13,300
Associate-related reserves | Fiscal 2014 | United States, Australia, China and Europe
Restructuring activity
Restructuring plan charges and adjustments						700
Ongoing contract costs | Continuing operations
Restructuring activity
Balance at the beginning of the period			3,524
Payments			(1,626)
Balance at the end of the period	1,898		1,898		3,524
Ongoing contract costs | Gains, losses and other items, net
Restructuring activity
Restructuring plan charges and adjustments						6,500
Ongoing contract costs | Fiscal 2016
Restructuring activity
Restructuring plan charges and adjustments					200
Ongoing contract costs | Fiscal 2016 | Gains, losses and other items, net
Restructuring activity
Restructuring plan charges and adjustments					3,000
Ongoing contract costs | Fiscal 2015
Restructuring activity
Balance at the end of the period	$ 1,900		1,900
Ongoing contract costs | Fiscal 2015 | Gains, losses and other items, net
Restructuring activity
Restructuring plan charges and adjustments						6,500
Ongoing contract costs | Fiscal 2015 | Gains, losses and other items, net | France
Restructuring activity
Restructuring plan charges and adjustments					$ 1,400
Write-off of leasehold improvements | Fiscal 2016 | Gains, losses and other items, net
Restructuring activity
Restructuring plan charges and adjustments			400
Write-off of leasehold improvements | Fiscal 2015 | Gains, losses and other items, net
Restructuring activity
Restructuring plan charges and adjustments						$ 2,000
Termination of associates | Gains, losses and other items, net
Restructuring activity
Restructuring plan charges and adjustments			$ 1,300

RESTRUCTURING, IMPAIRMENT AND53

RESTRUCTURING, IMPAIRMENT AND OTHER CHARGES: - Gains, Losses and Other Items (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Gains, Losses and Other Items
Restructuring plan charges and adjustments	$ 899	$ 4,008	$ 2,107	$ 7,310
Gain on disposition of Impact email business	(155)		(784)
Arbor and Circulate acquisition-related costs	1,365		1,365
Other	2	50	36	59
Gains, losses and other items, net	$ 2,111	$ 4,058	2,724	$ 7,369
Gains, losses and other items, net
Gains, Losses and Other Items
Restructuring plan charges and adjustments			$ 2,100

COMMITMENTS AND CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES: (Details) - Continuing operations - Operating lease and licensing agreements $ in Millions	9 Months Ended
	Dec. 31, 2016USD ($)
Commitments
Term of future commitment for lease payments under noncancellable operating leases (in years)	24 years
Contractual Obligation	$ 77.8

COMMITMENTS AND CONTINGENCIES55

COMMITMENTS AND CONTINGENCIES: - Guarantee: (Details) $ in Millions	Dec. 31, 2016USD ($)
Loan guarantees
Commitments
Maximum potential future payments under guarantees of third-party indebtedness	$ 0.1
Favorable leasing
Commitments
Maximum potential future payments under guarantees of third-party indebtedness	$ 2.8

INCOME TAX_ (Details)

INCOME TAX: (Details) $ in Millions	9 Months Ended
	Dec. 31, 2016USD ($)
INCOME TAXES:
Income tax benefit	$ 4.1

FINANCIAL INSTRUMENTS_ (Details

FINANCIAL INSTRUMENTS: (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2016
Fair value of assets and liabilities
Other current assets	$ 48,035	$ 37,897
Fair value measurements on recurring basis | Level 1
Fair value of assets and liabilities
Other current assets	12,443
Total assets	12,443
Fair value measurements on recurring basis | Level 2
Fair value of assets and liabilities
Other accrued expenses	(2)
Total liabilities	(2)
Fair value measurements on recurring basis | Total
Fair value of assets and liabilities
Other current assets	12,443
Total assets	12,443
Other accrued expenses	(2)
Total liabilities	$ (2)