Rentrak 10-Q 10 Aug 15 2016 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Jun. 30, 2015	Jul. 27, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,016
Trading Symbol	rent
Entity Registrant Name	RENTRAK CORP
Entity Central Index Key	800,458
Current Fiscal Year End Date	--03-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		15,346,934

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Mar. 31, 2015
Current Assets:
Cash and cash equivalents	$ 7,965	$ 3,691
Marketable securities	70,991	80,318
Accounts receivable, net of allowances for doubtful accounts of $69 and $179	17,569	16,884
Deferred tax assets, net	97	60
Other current assets	3,531	3,928
Total Current Assets	100,153	104,881
Property and equipment, net of accumulated depreciation of $30,929 and $29,121	26,874	23,035
Goodwill	135,952	135,890
Other intangible assets, net of accumulated amortization of $4,669 and $4,203	16,111	16,384
Other assets	4,347	4,333
Total Assets	283,437	284,523
Current Liabilities:
Accounts payable	5,925	3,967
Accrued liabilities	550	592
Accrued data provider liabilities	7,109	6,690
Accrued compensation	5,912	11,724
Deferred revenue and other credits	3,485	3,812
Total Current Liabilities	22,981	26,785
Deferred rent, long-term	2,285	2,358
Accrued compensation, long-term	92	90
Taxes payable, long-term	470	465
Deferred tax liability, net, long-term	2,813	2,228
Total Liabilities	28,641	31,926
Commitments and Contingencies	0	0
Stockholders’ Equity:
Preferred stock, $0.001 par value; 10,000 shares authorized; none issued	0	0
Common stock, $0.001 par value; shares authorized: 75,000; shares issued and outstanding: 15,339 and 15,251	15	15
Capital in excess of par value	285,835	285,280
Accumulated other comprehensive income	613	464
Accumulated deficit	(32,243)	(33,811)
Stockholders’ Equity attributable to Rentrak Corporation	254,220	251,948
Noncontrolling interest	576	649
Total Stockholders’ Equity	254,796	252,597
Total Liabilities and Stockholders’ Equity	$ 283,437	$ 284,523

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2015	Mar. 31, 2015
Statement of Financial Position [Abstract]
Accounts receivable, allowances for doubtful accounts	$ 69	$ 179
Property and equipment, accumulated depreciation	30,929	29,121
Other intangible assets, accumulated amortization	$ 4,669	$ 4,203
Preferred stock, par value (per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	75,000,000	75,000,000
Common stock, shares issued (in shares)	15,339,000	15,251,000
Common stock, shares outstanding (in shares)	15,339,000	15,251,000

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Operations - USD ($) shares in Thousands, $ in Thousands		3 Months Ended
		Jun. 30, 2015	Jun. 30, 2014
Income Statement [Abstract]
Revenue		$ 27,529	$ 22,344
Cost of revenue		9,893	7,604
Gross margin		17,636	14,740
Operating expenses:
Selling, general and administrative		11,660	12,834
Research, technology and innovation		3,979	3,264
Total operating expenses		15,639	16,098
Income (loss) from continuing operations		1,997	(1,358)
Other income, net		151	20
Income (loss) from continuing operations before income taxes		2,148	(1,338)
Provision for income taxes		653	29
Income (loss) from continuing operations, net of income taxes		1,495	(1,367)
Income from discontinued operations, net of income taxes		0	348
Net income (loss)		1,495	(1,019)
Net loss attributable to noncontrolling interest		(73)	(53)
Net income (loss) attributable to Rentrak Corporation		$ 1,568	$ (966)
Income (loss) per share from continuing operations attributable to Rentrak Corporation common stockholders:
Basic (usd per share)		$ 0.10	$ (0.11)
Diluted (usd per share)		0.10	(0.11)
Income per share from discontinued operations attributable to Rentrak Corporation common stockholders:
Basic (usd per share)		0	0.03
Diluted (usd per share)		0	0.03
Net income (loss) per share attributable to Rentrak Corporation common stockholders:
Basic (usd per share)		0.10	(0.08)
Diluted (usd per share)		$ 0.10	$ (0.08)
Shares used in per share calculations:
Basic (shares)	[1]	15,273	12,505
Diluted (shares)		16,178	12,505
[1]	Includes 191,873 and 200,807 vested cumulative DSUs, respectively, for the three months ended June 30, 2015 and 2014 that will not be issued until the directors holding the DSUs retire from our Board of Directors.

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands		3 Months Ended
		Jun. 30, 2015	Jun. 30, 2014
Statement of Comprehensive Income [Abstract]
Net income (loss)		$ 1,495	$ (1,019)
Other comprehensive income (loss):
Foreign currency translation adjustments		172	26
Unrealized holding losses which arose during the period on available-for-sale securities	[1]	(77)	0
Recognition of previously unrealized losses on available-for-sale securities included in net income (loss)	[2]	54	0
Other comprehensive income (loss)		149	26
Comprehensive income (loss)		1,644	(993)
Less: Comprehensive loss attributable to noncontrolling interest		(73)	(53)
Comprehensive income (loss) attributable to Rentrak Corporation		$ 1,717	$ (940)
[1]	For the three months ended both June 30, 2015 and 2014, the amounts are net of zero deferred taxes
[2]	For the three months ended both June 30, 2015 and 2014, the amounts are net of zero deferred tax benefits.

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Comprehensive Loss (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Statement of Comprehensive Income [Abstract]
Deferred taxes associated with unrealized losses which arose during the period on available for sale securities	$ 0	$ 0
Deferred tax benefit associated with recognized losses on available for sale securities included in net income (loss)	$ 0	$ 0

Condensed Consolidated Stateme7

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities:
Net income (loss)	$ 1,495	$ (1,019)
Income from discontinued operations, net of income taxes	0	(348)
Adjustments to reconcile net income (loss) to net cash flows used in operating activities of continuing operations:
Depreciation and amortization	2,317	1,655
Share-based Compensation	1,840	1,690
iTVX stock-based compensation	(3,705)	(500)
Deferred income taxes	548	60
Loss on disposition of assets	2	41
Realized loss on marketable securities	54	0
Adjustment to allowance for doubtful accounts	(110)	(90)
(Increase) decrease in:
Accounts receivable	(900)	(671)
Taxes receivable and prepaid taxes	0	122
Other assets	331	441
Increase (decrease) in:
Accounts payable	(542)	154
Taxes payable	30	341
Accrued liabilities and compensation	(4,007)	(2,877)
Deferred revenue	(326)	38
Deferred rent	(74)	(35)
Net cash provided by operating activities of discontinued operations	0	392
Net cash used in operating activities	(3,047)	(606)
Cash flows from investing activities:
Purchase of marketable securities	0	(2,000)
Sale of marketable securities	9,250	6,000
Payments made to develop intangible assets	(37)	(26)
Purchase of property and equipment, including capitalized IT labor costs	(2,853)	(1,870)
Net cash provided by investing activities	6,360	2,104
Cash flows from financing activities:
Proceeds from issuance of common stock	856	298
Net cash provided by financing activities	856	298
Effect of foreign exchange translation on cash	105	280
Increase in cash and cash equivalents	4,274	2,076
Cash and cash equivalents:
Beginning of period	3,691	5,102
End of period	$ 7,965	$ 7,178

Basis of Presentation

Basis of Presentation	3 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements of Rentrak Corporation have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with the accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted pursuant to such rules and regulations. The results of operations for the three month period ended June 30, 2015 are not necessarily indicative of the results to be expected for the entire fiscal year ending March 31, 2016 (“Fiscal 2016 ”). The Condensed Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and footnotes thereto included in our 2015 Annual Report on Form 10-K (the “Form 10-K”). The Condensed Consolidated Financial Statements reflect, in the opinion of management, all material adjustments (which include only normal recurring adjustments) necessary to present fairly our financial position, results of operations and cash flows. Principles of Consolidation The Condensed Consolidated Financial Statements include the accounts of Rentrak Corporation and its wholly owned subsidiaries, and those entities in which we have a controlling interest. All intercompany accounts and transactions have been eliminated in consolidation. In Fiscal 2012, we established a Chinese joint venture, Sinotrak, and hold a 49% ownership interest in this variable interest entity (the “VIE”). Sinotrak has been included in our Condensed Consolidated Financial Statements, as we have determined that we are the primary beneficiary of the VIE, given our significant influence over day to day operations, among other factors. To date, the activities of Sinotrak have been limited primarily to initial cash contributions from both joint venture parties and costs associated with Sinotrak’s formation. The equity interests of the noncontrolling party, totaling $0.6 million and $0.6 million as of June 30, 2015 and March 31, 2015 , respectively, are reported as a noncontrolling interest in our Condensed Consolidated Balance Sheets. The noncontrolling party’s share of the expenses for the three months ended June 30, 2015 and 2014 , are included in “Net loss attributable to noncontrolling interest” in our Condensed Consolidated Statements of Operations.

Net Income (Loss) Per Share

Net Income (Loss) Per Share	3 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Net Income (Loss) Per Share	Net Income (Loss) Per Share Following is a reconciliation of the shares used for the basic income (loss) per share (“EPS”) and diluted EPS calculations (in thousands, except footnote reference): Three Months Ended June 30, 2015 2014 Basic EPS: Weighted average number of shares of common stock outstanding and vested deferred stock units (“DSUs”) (1) 15,273 12,505 Diluted EPS: Effect of dilutive stock options and unvested DSUs 905 — 16,178 12,505 Total outstanding options not included in diluted EPS as they would be antidilutive — 3,198 Performance based grants not included in diluted EPS 21 — (1) Includes 191,873 and 200,807 vested cumulative DSUs, respectively, for the three months ended June 30, 2015 and 2014 that will not be issued until the directors holding the DSUs retire from our Board of Directors.

Discontinued Operations

Discontinued Operations	3 Months Ended
	Jun. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations During the fourth quarter of Fiscal 2015, we completed the sale of our Pay Per Transaction ® (“PPT ® ”) business. Accordingly, the PPT ® business is reported as discontinued operations for the first quarter of Fiscal 2015. See additional information in Note 18 of the Form 10-K Notes to Consolidated Financial Statements. Operating results from discontinued operations are included in the Condensed Consolidated Statements of Operations as follows (dollars in thousands): Three Months Ended June 30, 2015 2014 Revenue $ — $ 8,582 Income from operations $ — $ 588 Income before income taxes — 588 Income tax provision — 240 Income from discontinued operations, net of income taxes $ — $ 348

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Jun. 30, 2015
Share-based Compensation [Abstract]
Stock-Based Compensation	Stock-Based Compensation The following table summarizes our stock based grants (dollars in thousands): Three Months Ended June 30, 2015 Restricted Stock (“RSU”) grants: Units granted from 2011 Incentive Plan 17,953 Vesting period, in years - high 10 Vesting period, in years - low 5 Compensation information related to RSUs granted in period: Total fair market value, recognized over vesting period $ 1,223 Total expected expense to be recognized in Fiscal 2016 $ 79 Expense recognized as a component of operating expenses $ 7 Expense capitalized in property and equipment, net (1) $ 4 RSUs vesting in period: RSU shares vesting in period 45,712 Shares withheld in payment for taxes associated with vested RSUs 21,205 Net Option Exercises (shares withheld in payment of exercise price and related withholding taxes): Number of shares withheld 28,916 Value of shares withheld $ 1,982 (1) Amounts capitalized in accordance with our policies related to Capitalized software as described in Note 2 of Notes to Consolidated Financial Statements in the Form 10-K.

Fair Value Disclosures

Fair Value Disclosures	3 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures	Fair Value Disclosures Fair value is an exit price representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. We use a three-tier fair value hierarchy, which prioritizes the inputs used in measuring the fair value of our financial assets and liabilities as follows: • Level 1 – quoted prices in active markets for identical securities; • Level 2 – quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-derived valuations whose significant inputs are observable; and • Level 3 – significant unobservable inputs, including our own assumptions in determining fair value. Assets and liabilities recognized or disclosed at fair value in our condensed consolidated financial statements on a non-recurring basis include items such as property and equipment, cost method investments and other assets. These assets are measured at fair value if determined to be impaired. The fair values of these investments are determined based on valuation techniques using the best information available and may include quoted market prices, other comparables, and discounted cash flow projections. An impairment charge is recorded when the cost of the investment exceeds its fair value and this condition is determined to be other than temporary. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. Following are the disclosures related to our financial assets and liabilities that are measured at fair value on a recurring basis (dollars in thousands): June 30, 2015 March 31, 2015 Fair Value Input Level Fair Value Input Level Available-for-sale marketable securities Fixed-income securities $ 70,991 Level 1 $ 80,318 Level 1 Contingent consideration liability Contingent consideration liability associated with purchase of iTVX $ 500 Level 3 $ 4,500 Level 3 The fair value of our “available-for-sale” marketable securities is determined based on quoted market prices for identical securities on a quarterly basis. There were no changes to our valuation methodologies during the first quarter of Fiscal 2016 . Our acquisition of iTVX in August 2013 included contingent consideration which was based on future revenue achieved after the completion of approximately 2 years . The fair value of the contingent consideration as of the acquisition date was $2.0 million . The contingent consideration payment was to be paid in the form of cash ( 25% of the total contingent consideration) and shares of our common stock ( 75% of the total contingent consideration). This award was revalued at the end of each reporting period and, based on our stock price as of March 31, 2015, the fair value of the award increased to $4.5 million . See Note 4 of Notes to Consolidated Financial Statements in the Form 10-K for additional disclosures relating to the fair value determination for this contingent consideration liability. As of June 30, 2015, we evaluated our accrual related to the contingent consideration and determined that the earn out provisions would not be fully met. Based on this determination, we reduced our accrual by $4.0 million during the current quarter, and offset receivables of $0.3 million which related to the acquisition. The net amount of $3.7 million has been recorded as a reduction to selling, general and administrative expenses in our Condensed Consolidated Statements of Operations. In July 2015, an agreement was reached to pay the contingent consideration earlier than expected in the amount of approximately $0.5 million in cash. Marketable securities, all of which were classified as “available-for-sale” at June 30, 2015 and March 31, 2015 , consisted of the following (dollars in thousands): June 30, March 31, Available-for-sale marketable securities Amortized cost $ 71,217 $ 80,522 Gross unrecognized holding losses (226 ) (204 ) Fair value $ 70,991 $ 80,318

Acquisition of Kantar Media's U

Acquisition of Kantar Media's U.S. Based Television Measurement Assets	3 Months Ended
	Jun. 30, 2015
Business Combinations [Abstract]
Acquisition of Kantar Media's U.S. Based Television Measurement Assets	Acquisition of Kantar Media’s U.S. Based Television Measurement Assets On December 1, 2014, we acquired the U.S. television measurement business related to tuning analytics utilizing return path data (the “RPD Business”) of WPP’s Kantar business unit (a unit of Competitive Media Reporting, LLC, an affiliate of WPP plc (“WPP”)). Unaudited pro forma results of operations as if the RPD Business had been acquired as of April 1, 2014, were as follows (dollars in thousands, except for per share amounts): Three Months Ended June 30, 2014 Total revenue $ 24,517 Net loss attributable to Rentrak Corporation $ (3,025 ) Basic earnings per share (0.20 ) Diluted earnings per share (0.20 )

Goodwill And Other Intangible A

Goodwill And Other Intangible Assets	3 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill And Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill The roll-forward of our goodwill was as follows (dollars in thousands): Three Months Ended June 30, 2015 Beginning balance $ 135,890 Currency translation 62 Ending balance $ 135,952 Year Ended March 31, 2015 Beginning balance $ 7,034 Acquisition of RPD Business 129,406 Currency translation (550 ) Ending balance $ 135,890 Other Intangible Assets Other intangible assets and the related accumulated amortization were as follows (dollars in thousands): Amortization Period June 30, March 31, Customer relationships 6 to 10 years $ 12,376 $ 12,220 Accumulated amortization (4,341 ) (3,899 ) 8,035 8,321 Trade names 2 to 3 years 75 75 Accumulated amortization (75 ) (75 ) — — Existing technology 4 years 334 334 Accumulated amortization (192 ) (175 ) 142 159 Patents 20 years 593 556 Accumulated amortization (59 ) (52 ) 534 504 Order backlog 1 year 2 2 Accumulated amortization (2 ) (2 ) — — Global customer relationships Indefinite 7,400 7,400 Total $ 16,111 $ 16,384 Amortization expense and currency translation were as follows (dollars in thousands): Three Months Ended June 30, 2015 2014 Customer relationships $ 340 $ 236 Trade names — 3 Existing technology 17 17 Patents 7 5 Order backlog — 1 Currency translation 102 19 Expected amortization expense is as follows over the next five years and thereafter (dollars in thousands): Fiscal Customer Relationships Existing Technology Patents Remainder of Fiscal 2016 $ 1,083 $ 50 $ 22 2017 1,444 67 30 2018 1,333 25 30 2019 869 — 30 2020 799 — 29 Thereafter 2,507 — 393 $ 8,035 $ 142 $ 534

Income Taxes

Income Taxes	3 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our effective tax rates are determined by excluding certain jurisdictions with net losses. Our tax provision for the first quarter of Fiscal 2016 was 30.4% and this increase was primarily driven by tax expense related to the increased amortization of indefinite-lived intangible assets. Our effective tax rate for the first quarter of Fiscal 2015 was a benefit of 2.2% , due to the effect of allocations to discontinued operations.

New Accounting Guidance

New Accounting Guidance	3 Months Ended
	Jun. 30, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Guidance	New Accounting Guidance ASU 2014-09 In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2014-09, “Revenue from Contracts with Customers” (“ASU 2014-09”). ASU 2014-09 supersedes nearly all existing revenue recognition guidance under GAAP. The standard’s core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. We are evaluating our existing revenue recognition policies to determine whether any contracts in the scope of the guidance will be affected by the new requirements. As of July 2015, ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2017, including interim periods therein.

Subsequent Events

Subsequent Events	3 Months Ended
	Jun. 30, 2015
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events We have considered all events that have occurred subsequent to June 30, 2015 and determined that, other than the early settlement of the iTVX contingent consideration liability as discussed in Note 5 , no additional disclosure is required.

New Accounting Guidance (Polici

New Accounting Guidance (Policies)	3 Months Ended
	Jun. 30, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Guidance	New Accounting Guidance ASU 2014-09 In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2014-09, “Revenue from Contracts with Customers” (“ASU 2014-09”). ASU 2014-09 supersedes nearly all existing revenue recognition guidance under GAAP. The standard’s core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. We are evaluating our existing revenue recognition policies to determine whether any contracts in the scope of the guidance will be affected by the new requirements. As of July 2015, ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2017, including interim periods therein.

Net Income (Loss) Per Share (Ta

Net Income (Loss) Per Share (Tables)	3 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Reconciliation of the shares used for the basic loss per share (“EPS”) and diluted EPS calculations	Following is a reconciliation of the shares used for the basic income (loss) per share (“EPS”) and diluted EPS calculations (in thousands, except footnote reference): Three Months Ended June 30, 2015 2014 Basic EPS: Weighted average number of shares of common stock outstanding and vested deferred stock units (“DSUs”) (1) 15,273 12,505 Diluted EPS: Effect of dilutive stock options and unvested DSUs 905 — 16,178 12,505 Total outstanding options not included in diluted EPS as they would be antidilutive — 3,198 Performance based grants not included in diluted EPS 21 — (1) Includes 191,873 and 200,807 vested cumulative DSUs, respectively, for the three months ended June 30, 2015 and 2014 that will not be issued until the directors holding the DSUs retire from our Board of Directors.

Discontinued Operations (Tables

Discontinued Operations (Tables)	3 Months Ended
	Jun. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]
Schedule of disposal groups, including discontinued operations, income statement, balance sheet, and additional disclosures	Operating results from discontinued operations are included in the Condensed Consolidated Statements of Operations as follows (dollars in thousands): Three Months Ended June 30, 2015 2014 Revenue $ — $ 8,582 Income from operations $ — $ 588 Income before income taxes — 588 Income tax provision — 240 Income from discontinued operations, net of income taxes $ — $ 348

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Jun. 30, 2015
Share-based Compensation [Abstract]
Schedule of the company's stock based grants	The following table summarizes our stock based grants (dollars in thousands): Three Months Ended June 30, 2015 Restricted Stock (“RSU”) grants: Units granted from 2011 Incentive Plan 17,953 Vesting period, in years - high 10 Vesting period, in years - low 5 Compensation information related to RSUs granted in period: Total fair market value, recognized over vesting period $ 1,223 Total expected expense to be recognized in Fiscal 2016 $ 79 Expense recognized as a component of operating expenses $ 7 Expense capitalized in property and equipment, net (1) $ 4 RSUs vesting in period: RSU shares vesting in period 45,712 Shares withheld in payment for taxes associated with vested RSUs 21,205 Net Option Exercises (shares withheld in payment of exercise price and related withholding taxes): Number of shares withheld 28,916 Value of shares withheld $ 1,982 (1) Amounts capitalized in accordance with our policies related to Capitalized software as described in Note 2 of Notes to Consolidated Financial Statements in the Form 10-K.

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	3 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair value of financial assets	Marketable securities, all of which were classified as “available-for-sale” at June 30, 2015 and March 31, 2015 , consisted of the following (dollars in thousands): June 30, March 31, Available-for-sale marketable securities Amortized cost $ 71,217 $ 80,522 Gross unrecognized holding losses (226 ) (204 ) Fair value $ 70,991 $ 80,318 Following are the disclosures related to our financial assets and liabilities that are measured at fair value on a recurring basis (dollars in thousands): June 30, 2015 March 31, 2015 Fair Value Input Level Fair Value Input Level Available-for-sale marketable securities Fixed-income securities $ 70,991 Level 1 $ 80,318 Level 1 Contingent consideration liability Contingent consideration liability associated with purchase of iTVX $ 500 Level 3 $ 4,500 Level 3

Acquisition of Kantar Media's23

Acquisition of Kantar Media's U.S. Based Television Measurement Assets (Tables)	3 Months Ended
	Jun. 30, 2015
Business Combinations [Abstract]
Unaudited Preliminary Pro Forma Results of Operations	Unaudited pro forma results of operations as if the RPD Business had been acquired as of April 1, 2014, were as follows (dollars in thousands, except for per share amounts): Three Months Ended June 30, 2014 Total revenue $ 24,517 Net loss attributable to Rentrak Corporation $ (3,025 ) Basic earnings per share (0.20 ) Diluted earnings per share (0.20 )

Goodwill And Other Intangible24

Goodwill And Other Intangible Assets (Tables)	3 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill rollforward	The roll-forward of our goodwill was as follows (dollars in thousands): Three Months Ended June 30, 2015 Beginning balance $ 135,890 Currency translation 62 Ending balance $ 135,952 Year Ended March 31, 2015 Beginning balance $ 7,034 Acquisition of RPD Business 129,406 Currency translation (550 ) Ending balance $ 135,890
Schedule of other intangible assets and related accumulated amortization	Other intangible assets and the related accumulated amortization were as follows (dollars in thousands): Amortization Period June 30, March 31, Customer relationships 6 to 10 years $ 12,376 $ 12,220 Accumulated amortization (4,341 ) (3,899 ) 8,035 8,321 Trade names 2 to 3 years 75 75 Accumulated amortization (75 ) (75 ) — — Existing technology 4 years 334 334 Accumulated amortization (192 ) (175 ) 142 159 Patents 20 years 593 556 Accumulated amortization (59 ) (52 ) 534 504 Order backlog 1 year 2 2 Accumulated amortization (2 ) (2 ) — — Global customer relationships Indefinite 7,400 7,400 Total $ 16,111 $ 16,384
Amortization expense and currency translation	Amortization expense and currency translation were as follows (dollars in thousands): Three Months Ended June 30, 2015 2014 Customer relationships $ 340 $ 236 Trade names — 3 Existing technology 17 17 Patents 7 5 Order backlog — 1 Currency translation 102 19
Expected amortization expense	Expected amortization expense is as follows over the next five years and thereafter (dollars in thousands): Fiscal Customer Relationships Existing Technology Patents Remainder of Fiscal 2016 $ 1,083 $ 50 $ 22 2017 1,444 67 30 2018 1,333 25 30 2019 869 — 30 2020 799 — 29 Thereafter 2,507 — 393 $ 8,035 $ 142 $ 534

Basis of Presentation - (Detail

Basis of Presentation - (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2015	Mar. 31, 2015
Variable Interest Entity [Line Items]
Stockholders' equity attributable to noncontrolling interest	$ 576	$ 649
Sinotrak
Variable Interest Entity [Line Items]
Ownership interest in Sinotrak, (as a percent)	49.00%

Net Income (Loss) Per Share Rec

Net Income (Loss) Per Share Reconciliation of the shares used for the basic loss per share (“EPS”) and diluted EPS calculations (Details) - shares		3 Months Ended
		Jun. 30, 2015	Jun. 30, 2014
Basic EPS:
Weighted average number of shares of common stock outstanding and vested deferred stock units (“DSUs”)	[1]	15,273,000	12,505,000
Diluted EPS:
Effect of dilutive stock options and unvested DSUs		905,000	0
Total diluted EPS		16,178,000	12,505,000
Stock Options [Member]
Diluted EPS:
Total outstanding options not included in diluted EPS as they would be antidilutive		0	3,198,000
Performance Shares [Member]
Diluted EPS:
Total outstanding options not included in diluted EPS as they would be antidilutive		21,000	0
Deferred Stock Unit (DSU) [Member]
Basic EPS:
Vested stock units		191,873	200,807
[1]	Includes 191,873 and 200,807 vested cumulative DSUs, respectively, for the three months ended June 30, 2015 and 2014 that will not be issued until the directors holding the DSUs retire from our Board of Directors.

Discontinued Operations (Detail

Discontinued Operations (Details) - PPT - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Net Income from Discontinued Operations on the Condensed Consolidated Statements of Operations
Revenue	$ 0	$ 8,582
Income from operations	0	588
Income before income taxes	0	588
Income tax provision	0	240
Income from discontinued operations, net of income taxes	$ 0	$ 348

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - 3 months ended Jun. 30, 2015 - USD ($) $ in Thousands		Total
Net Option Exercises (shares withheld in payment of exercise price and related withholding taxes):
Number of shares withheld		28,916
Value of shares withheld		$ 1,982
2011 Incentive Plan [Member] | Restricted Stock Units (RSUs) [Member]
Restricted Stock (“RSU”) grants:
Units granted from 2011 Incentive Plan (in shares)		17,953
Compensation information related to RSUs granted in period:
Total fair market value, recognized over vesting period		$ 1,223
Total expected expense to be recognized in Fiscal 2016		79
Expense recognized as a component of operating expenses		7
Expense capitalized in property and equipment, net	[1]	$ 4
RSUs vesting in period:
RSUs vesting in period (in shares)		45,712
Shares withheld in payment for taxes associated with vested RSUs (in shares)		21,205
2011 Incentive Plan [Member] | Restricted Stock Units (RSUs) [Member] | Minimum [Member]
Restricted Stock (“RSU”) grants:
Vesting period, in years		5 years
2011 Incentive Plan [Member] | Restricted Stock Units (RSUs) [Member] | Maximum [Member]
Restricted Stock (“RSU”) grants:
Vesting period, in years		10 years
[1]	Amounts capitalized in accordance with our policies related to Capitalized software as described in Note 2 of Notes to Consolidated Financial Statements in the Form 10-K.

Fair Value Disclosures Disclosu

Fair Value Disclosures Disclosures related to our financial assets (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
	Aug. 31, 2013	Jun. 30, 2015	Jun. 30, 2014	Jul. 31, 2015	Mar. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Change in receivables		$ 900	$ 671
Fair Value, Inputs, Level 1 [Member]
Available-for-sale marketable securities
Amortized cost		71,217			$ 80,522
Gross unrecognized holding losses		(226)			(204)
Fair value		70,991			80,318
Fixed Income Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale marketable securities		70,991			80,318
iTVX, Inc. [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration liability					4,500
Contingent consideration earnout period in years	2 years
Contingent consideration percentage of payment paid in cash	25.00%
Contingent consideration percentage of payment paid in stock	75.00%
Fair value remeasurement of contingent consideration liability		(4,000)
Change in receivables		(300)
iTVX, Inc. [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration liability	$ 2,000	500			$ 4,500
Subsequent Event [Member] | iTVX, Inc. [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration liability				$ 500
Selling, General and Administrative Expenses [Member] | iTVX, Inc. [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value remeasurement of contingent consideration liability		$ (3,700)

Acquisition of Kantar Media's30

Acquisition of Kantar Media's U.S. Based Television Measurement Assets - Pro Forma (Details) - 3 months ended Jun. 30, 2014 - RPD Business [Member] - USD ($) $ / shares in Units, $ in Thousands	Total
Business Acquisition, Pro Forma Information [Abstract]
Total revenue	$ 24,517
Net loss attributable to Rentrak Corporation	$ (3,025)
Basic earnings per share (usd per share)	$ (0.20)
Diluted earnings per share (usd per share)	$ (0.20)

Goodwill And Other Intangible31

Goodwill And Other Intangible Assets Goodwill rollforward (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jun. 30, 2015	Mar. 31, 2015
Goodwill [Roll Forward]
Beginning balance	$ 135,890	$ 7,034
Goodwill acquired		129,406
Currency translation	62	(550)
Ending balance	$ 135,952	$ 135,890

Goodwill And Other Intangible32

Goodwill And Other Intangible Assets Schedule of other intangible assets and related accumulated amortization (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2015	Mar. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Accumulated amortization	$ (4,669)	$ (4,203)
Total net intangible assets	16,111	16,384
Global Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	7,400	7,400
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	12,376	12,220
Accumulated amortization	(4,341)	(3,899)
Finite-lived intangible assets, net	$ 8,035	8,321
Customer Relationships [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization Period	6 years
Customer Relationships [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization Period	10 years
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	$ 75	75
Accumulated amortization	(75)	(75)
Finite-lived intangible assets, net	$ 0	0
Trade Names [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization Period	2 years
Trade Names [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization Period	3 years
Existing Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	$ 334	334
Accumulated amortization	(192)	(175)
Finite-lived intangible assets, net	$ 142	159
Amortization Period	4 years
Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	$ 593	556
Accumulated amortization	(59)	(52)
Finite-lived intangible assets, net	$ 534	504
Amortization Period	20 years
Order Backlog [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	$ 2	2
Accumulated amortization	(2)	(2)
Finite-lived intangible assets, net	$ 0	$ 0
Amortization Period	1 year

Goodwill And Other Intangible33

Goodwill And Other Intangible Assets Amortization expense and currency translation (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Finite-Lived Intangible Assets [Line Items]
Currency translation	$ 102	$ 19
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of intangibles	340	236
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of intangibles	0	3
Existing Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of intangibles	17	17
Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of intangibles	7	5
Order Backlog [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of intangibles	$ 0	$ 1

Goodwill And Other Intangible34

Goodwill And Other Intangible Assets Expected amortization expense (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Mar. 31, 2015
Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Remainder of Fiscal 2016	$ 1,083
2,017	1,444
2,018	1,333
2,019	869
2,020	799
Thereafter	2,507
Finite-lived intangible assets, net	8,035	$ 8,321
Existing Technology [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Remainder of Fiscal 2016	50
2,017	67
2,018	25
2,019	0
2,020	0
Thereafter	0
Finite-lived intangible assets, net	142	159
Patents [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Remainder of Fiscal 2016	22
2,017	30
2,018	30
2,019	30
2,020	29
Thereafter	393
Finite-lived intangible assets, net	$ 534	$ 504

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Income Tax Disclosure [Abstract]
Effective tax rate	30.40%	2.20%