Take-Two Interactive Software (TTWO) 10-Q 6 Nov 15 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Sep. 30, 2015	Oct. 30, 2015
Document and Entity Information
Entity Registrant Name	TAKE TWO INTERACTIVE SOFTWARE INC
Entity Central Index Key	946,581
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
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		84,622,403
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2015	Mar. 31, 2015
Current assets:
Cash and cash equivalents	$ 711,713	$ 911,120
Short-term Investments	352,961	186,929
Restricted cash	215,226	169,678
Accounts receivable, net of allowances of $55,105 and $70,471 at September 30, 2015 and March 31, 2015, respectively	240,859	217,860
Inventory	24,020	20,051
Software development costs and licenses	240,329	163,385
Deferred cost of goods sold	111,885	56,779
Prepaid expenses and other	67,615	55,506
Total current assets	1,964,608	1,781,308
Fixed assets, net	81,694	69,792
Software development costs and licenses, net of current portion	128,939	124,329
Deferred cost of goods sold, net of current portion	5,428	19,869
Goodwill	217,731	217,288
Other intangibles, net	4,609	4,769
Other assets	13,490	13,745
Total assets	2,416,499	2,231,100
Current liabilities:
Accounts payable	69,138	38,789
Accrued expenses and other current liabilities	467,856	444,738
Deferred revenue	676,891	482,733
Total current liabilities	1,213,885	966,260
Long-term debt	487,601	476,057
Non-current deferred revenue	85,242	164,618
Other long-term liabilities	65,706	61,077
Total liabilities	$ 1,852,434	$ 1,668,012
Commitments and contingencies
Stockholders' equity:
Preferred stock, $.01 par value, 5,000 shares authorized
Common stock, $.01 par value, 200,000 shares authorized; 104,160 and 104,594 shares issued and 86,968 and 88,356 outstanding at September 30, 2015 and March 31, 2015, respectively	$ 1,042	$ 1,046
Additional paid-in capital	1,066,743	1,028,197
Treasury stock, at cost; 17,192 and 16,238 common shares at September 30, 2015 and March 31, 2015, respectively	(303,388)	(276,836)
Accumulated Deficit	(170,983)	(158,695)
Accumulated other comprehensive loss	(29,349)	(30,624)
Total stockholders' equity	564,065	563,088
Total liabilities and stockholders' equity	$ 2,416,499	$ 2,231,100

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Sep. 30, 2015	Mar. 31, 2015
CONDENSED CONSOLIDATED BALANCE SHEETS
Accounts receivable, allowances (in dollars)	$ 55,105	$ 70,471
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000	5,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	200,000	200,000
Common stock, shares issued	104,160	104,594
Common stock, shares outstanding	86,968	88,356
Treasury stock, shares	17,192	16,238

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Net revenue	$ 346,974	$ 126,277	$ 622,271	$ 251,702
Cost of goods sold	143,940	52,016	346,555	106,172
Gross profit	203,034	74,261	275,716	145,530
Selling and marketing	54,876	49,136	100,443	85,982
General and administrative	49,961	43,975	98,996	83,327
Research and development	24,413	24,533	58,555	48,665
Depreciation and amortization	7,353	5,130	13,928	9,278
Total operating expenses	136,603	122,774	271,922	227,252
Income (loss) from operations	66,431	(48,513)	3,794	(81,722)
Interest and other, net	(8,396)	(7,512)	(15,930)	(15,231)
Gain on long-term investments, net		18,976		18,976
Income (loss) before income taxes	58,035	(37,049)	(12,136)	(77,977)
Provision for (benefit from) income taxes	3,300	4,320	152	(1,205)
Net income (loss)	$ 54,735	$ (41,369)	$ (12,288)	$ (76,772)
Earnings (loss) per share:
Basic earnings (loss) per share (in dollars per share)	$ 0.63	$ (0.51)	$ (0.15)	$ (0.96)
Diluted earnings (loss) per share (in dollars per share)	$ 0.55	$ (0.51)	$ (0.15)	$ (0.96)

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Net income ( loss)	$ 54,735	$ (41,369)	$ (12,288)	$ (76,772)
Other comprehensive (loss) income:
Foreign currency translation adjustment	(7,782)	(11,452)	1,320	(7,480)
Change in unrealized gains on cash flow hedges, net of taxes				32
Unrealized losses on available-for-sale securities, net of taxes	(4)	(58)	(45)	(85)
Other comprehensive (loss) income	(7,786)	(11,510)	1,275	(7,533)
Comprehensive income (loss)	$ 46,949	$ (52,879)	$ (11,013)	$ (84,305)

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Operating activities:
Net loss	$ (12,288)	$ (76,772)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Amortization and impairment of software development costs and licenses	40,719	10,136
Depreciation and amortization	13,928	9,278
Amortization and impairment of intellectual property	160	259
Stock-based compensation	35,406	23,846
Deferred income taxes	68	599
Amortization of discount on Convertible Notes	11,544	10,840
Amortization of debt issuance costs	792	853
Gain on long-term investments, net		(18,976)
Other, net	1,102	181
Changes in assets and liabilities:
Restricted cash	(45,548)	116,296
Accounts receivable	(22,668)	27,716
Inventory	(3,755)	(26,168)
Software development costs and licenses	(117,959)	(104,492)
Prepaid expenses, other current and other non-current assets	(13,250)	(5,847)
Deferred revenue	113,042	46,765
Deferred cost of goods sold	(38,440)	(1,644)
Accounts payable, accrued expenses and other liabilities	57,161	(144,692)
Net cash provided by (used in) operating activities	20,014	(131,822)
Investing activities:
Purchases of fixed assets	(25,793)	(23,054)
Purchases of short-term investments, net	(167,388)	(49,591)
Cash received from sale of long-term investment		21,976
Net cash used in investing activities	(193,181)	(50,669)
Financing activities:
Excess tax benefit from stock-based compensation	9,529	4,843
Tax payment related to net share settlements on restricted stock awards	(10,386)
Repurchase of common stock	(26,552)
Net cash (used in) provided by financing activities	(27,409)	4,843
Effects of foreign currency exchange rates on cash and cash equivalents	1,169	(3,342)
Net decrease in cash and cash equivalents	(199,407)	(180,990)
Cash and cash equivalents, beginning of year	911,120	935,400
Cash and cash equivalents, end of period	$ 711,713	$ 754,410

BASIS OF PRESENTATION AND SIGNI

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Sep. 30, 2015
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	1. BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES Take-Two Interactive Software, Inc. (the "Company," "we," "us," or similar pronouns) was incorporated in the state of Delaware in 1993. We are a leading developer, publisher and marketer of interactive entertainment for consumers around the globe. The Company develops and publishes products through its two wholly-owned labels Rockstar Games and 2K. Our products are designed for console systems and personal computers, including smart phones and tablets, and are delivered through physical retail, digital download, online platforms and cloud streaming services. Basis of Presentation The accompanying Condensed Consolidated Financial Statements are unaudited and include the accounts of the Company and its wholly-owned subsidiaries and, in the opinion of management, reflect all normal and recurring adjustments necessary for the fair presentation of our financial position, results of operations and cash flows. Interim results may not be indicative of the results that may be expected for the full fiscal year. All material inter-company accounts and transactions have been eliminated in consolidation. The preparation of these Condensed Consolidated Financial Statements in accordance with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in these Condensed Consolidated Financial Statements and accompanying notes. As permitted under generally accepted accounting principles in the United States, interim accounting for certain expenses, including income taxes, are based on full year assumptions when appropriate. Actual results could differ materially from those estimates. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been omitted pursuant to the rules and regulations of the Securities and Exchange Commission, although we believe that the disclosures are adequate to make the information presented not misleading. These Condensed Consolidated Financial Statements and accompanying notes should be read in conjunction with our annual consolidated financial statements and the notes thereto, included in our Annual Report on Form 10-K for the year ended March 31, 2015. Certain immaterial reclassifications have been made to prior period amounts to conform to the current period presentation. Recently Issued or Adopted Accounting Pronouncements Measurement of Inventory In July 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2015-11, "Simplifying the Measurement of Inventory." This new guidance requires the measurement of inventory to be reflected at the lower of cost or net realizable value for inventories measured using any method other than last-in-first-out or the retail inventory method. Currently, we value our inventory at the lower of weighted average cost or market. This update will be applied prospectively and is effective for annual periods, and interim periods within those years, beginning after December 15, 2016 (April 1, 2017 for the Company). Early adoption is permitted. The Company is currently evaluating the impact of adopting this update on its Consolidated Financial Statements. Internal-Use Software In April 2015, the FASB issued ASU 2015-05, "Customer's Accounting for Fees Paid in a Cloud Computing Arrangement." This update provides guidance for customers to determine whether cloud computing arrangements include software licenses. If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. This update can be applied prospectively to all arrangements entered into or materially modified after the effective date or retrospectively. This update is effective for annual periods, and interim periods within those years, beginning after December 15, 2015 (April 1, 2016 for the Company) and early adoption is permitted. The Company is currently evaluating the impact of adopting this update on its Consolidated Financial Statements. Presentation of Debt Issuance Costs In April 2015, the FASB issued ASU 2015-03, "Simplifying the Presentation of Debt Issuance Costs." This new guidance requires the presentation of debt issuance costs in the balance sheet as a deduction from the carrying amount of the related debt liability. This update will be applied retrospectively and is effective for annual periods, and interim periods within those years, beginning after December 15, 2015 (April 1, 2016 for the Company). Early adoption is permitted. The adoption of this new guidance is not expected to have a material effect on our Consolidated Financial Statements. Revenue from Contracts with Customers In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, as a new Topic, Accounting Standards Codification Topic 606. The new revenue recognition standard provides a five-step analysis of transactions to determine when and how revenue is recognized. The core principle is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This guidance can be adopted retrospectively to each period presented or as a cumulative-effect adjustment as of the date of adoption. In July 2015, the FASB voted to defer the effective date by one year to annual and interim years beginning after December 15, 2017 (April 1, 2018 for the Company). Early adoption is permitted, but no earlier than the original effective date of annual and interim periods beginning after December 15, 2016 (April 1, 2017 for the Company). The Company is currently determining its implementation approach and evaluating the impact of adopting this update on its Consolidated Financial Statements. Requirements for Reporting Discontinued Operations In April 2014, the FASB issued ASU 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. This new guidance raises the threshold for a disposal to qualify as discontinued operations and requires new disclosures for individually material disposal transactions that do not meet the definition of a discontinued operation. Under the new standard, companies report discontinued operations when they have a disposal that represents a strategic shift that has or will have a major impact on operations or financial results. This update was applied prospectively beginning April 1, 2015 and did not have an impact on our Consolidated Financial Statements.

MANAGEMENT AGREEMENT

MANAGEMENT AGREEMENT	6 Months Ended
	Sep. 30, 2015
MANAGEMENT AGREEMENT
MANAGEMENT AGREEMENT	2. MANAGEMENT AGREEMENT In March 2007, we entered into a management services agreement, which was renewed in May 2011 (as amended, the "2011 Management Agreement") with ZelnickMedia pursuant to which ZelnickMedia provided us with certain management, consulting and executive level services. In March 2014, we entered into a new management agreement, (the "2014 Management Agreement"), with ZelnickMedia pursuant to which ZelnickMedia continues to provide financial and management consulting services to the Company through March 31, 2019. The 2014 Management Agreement became effective April 1, 2014 and supersedes and replaces the 2011 Management Agreement, except as otherwise contemplated by the 2014 Management Agreement. As part of the 2014 Management Agreement, Strauss Zelnick, the President of ZelnickMedia, continues to serve as Executive Chairman and Chief Executive Officer and Karl Slatoff, a partner of ZelnickMedia, continues to serve as President of the Company. The 2014 Management Agreement provides for an annual management fee of $2,970 over the term of the agreement and a maximum annual bonus opportunity of $4,752 over the term of the agreement, based on the Company achieving certain performance thresholds. In consideration for ZelnickMedia's services, we recorded consulting expense (a component of general and administrative expenses) of $2,524 and $1,336 during each of the three months ended September 30, 2015 and 2014, respectively and $3,861 and $2,673 during each of the six months ended September 30, 2015 and 2014, respectively. In April 2011, pursuant to the 2011 Management Agreement, we granted 1,100,000 shares of restricted stock to ZelnickMedia that vested annually through May 15, 2015 and 1,650,000 shares of market-based restricted stock that were eligible to vest through May 26, 2015, based on the Company's Total Shareholder Return (as defined in the relevant grant agreements) relative to the Total Shareholder Return of the companies that constitute the NASDAQ Composite Index measured annually on a cumulative basis. To earn all of the shares of market-based restricted stock, the Company must have performed at the 75th percentile, or top quartile, of the NASDAQ Composite Index. None of the shares of restricted stock granted pursuant to the 2011 Management Agreement remained unvested as of September 30, 2015. For the three months ended September 30, 2014, we recorded stock-based compensation expenses (a component of general and administrative expenses) of $5,069 and for the six months ended September 30, 2015 and 2014, we recorded stock-based compensation expenses (a component of general and administrative expenses) of $3,971 and $7,806, respectively, in each case related to the shares of restricted stock granted pursuant to the 2011 Management Agreement. In connection with the 2014 Management Agreement, we granted 525,591 and 619,490 restricted stock units to ZelnickMedia on May 20, 2015 and April 1, 2014, respectively, as follows: Six Months Ended September 30, 2015 2014 Time-based Market-based (1) Performance-based (1) New IP Major IP ​ ​ ​ ​ ​ ​ ​ ​ Total- Performance-based ​ ​ ​ ​ ​ ​ ​ ​ Total Restricted Stock Units ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Represents the maximum number of shares eligible to vest Time-based restricted stock units granted on April 1, 2014 will vest on April 1, 2016 and those granted on May 20, 2015 will vest on April 1, 2017, in each case provided that the 2014 Management Agreement has not been terminated prior to such vesting date. Market-based restricted stock units are eligible to vest based on the Company's Total Shareholder Return (as defined in the relevant grant agreement) relative to the Total Shareholder Return (as defined in the relevant grant agreement) of the companies that constitute the NASDAQ Composite Index as of the grant date measured over a two-year period. To earn the target number of market-based restricted stock units (which represents 50% of the number of the market-based restricted stock units set forth in the table above), the Company must perform at the 50th percentile, with the maximum number of market-based restricted stock units earned if the Company performs at the 75th percentile. Each reporting period, we re-measure the fair value of the unvested portion of the shares of market-based restricted stock units granted to ZelnickMedia. We also granted performance-based restricted stock units, of which 50% are tied to "New IP" and 50% to "Major IP" (as defined in the relevant grant agreement), that are eligible to vest based on the Company's achievement of certain performance metrics (as defined in the relevant grant agreement) of individual product releases of "New IP" or "Major IP" measured over a two-year period. The target number of performance-based restricted stock units that may be earned pursuant to these grants is equal to 50% of the grant amounts set forth in the above table (which represents the maximum number of performance-based restricted stock units that may be earned). Each reporting period, we assess the performance metric and upon achievement of certain thresholds record an expense for the unvested portion of the shares of performance-based restricted stock units. Certain performance metrics, based on unit sales, have been achieved for the "New IP" and "Major IP" performance-based restricted stock units granted on April 1, 2014 and May 20, 2015. For the three months ended September 30, 2015 and 2014 we recorded stock-based compensation expenses (a component of general and administrative expenses) of $4,935 and $1,390, respectively, and for the six months ended September 30, 2015 and 2014 we recorded stock-based compensation expenses (a component of general and administrative expenses) of $8,287 and $2,579, respectively, in each case related to the restricted stock units granted pursuant to the 2014 Management Agreement. The unvested portion of time-based, market-based and performance-based restricted stock units granted pursuant to the 2014 Management Agreement as of September 30, 2015 and March 31, 2015 was 1,145,081 and 619,490, respectively.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Sep. 30, 2015
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS	3. FAIR VALUE MEASUREMENTS The carrying amounts of our financial instruments, including cash and cash equivalents, restricted cash, accounts receivable, accounts payable and accrued liabilities, approximate fair value because of their short maturities. We consider all highly liquid instruments purchased with original maturities of three months or less to be cash equivalents. Our restricted cash balance is primarily related to a dedicated account limited to the payment of certain royalty obligations. We follow a three-level fair value hierarchy that prioritizes the inputs used to measure fair value. This hierarchy requires entities to maximize the use of "observable inputs" and minimize the use of "unobservable inputs." The three levels of inputs used to measure fair value are as follows: • Level 1—Quoted prices in active markets for identical assets or liabilities. • Level 2—Observable inputs other than quoted prices included in Level 1, such as quoted prices for markets that are not active or other inputs that are observable or can be corroborated by observable market data. • Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. The table below segregates all assets that are measured at fair value on a recurring basis (which is measured at least annually) into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value at the measurement date. September 30, 2015 Quoted prices in active markets for identical assets (level 1) Significant other observable inputs (level 2) Significant unobservable inputs (level 3) Balance Sheet Classification Money market funds $ $ $ — $ — Cash and cash equivalents Bank-time deposits — — Cash and cash equivalents Corporate bonds — — Short-term investments Bank-time deposits — — Short-term investments Foreign currency forward contracts ) — ) — Accrued and other current liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total recurring fair value measurements, net $ $ $ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2015 Quoted prices in active markets for identical assets (level 1) Significant other observable inputs (level 2) Significant unobservable inputs (level 3) Balance Sheet Classification Money market funds $ $ $ — $ — Cash and cash equivalents Bank-time deposits — — Cash and cash equivalents Corporate bonds — — Short-term investments Bank-time deposits — — Short-term investments Foreign currency forward contracts — — Prepaid expenses and other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total recurring fair value measurements, net $ $ $ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The Company did not have any transfers between Level 1 and Level 2 fair value measurements during the six months ended September 30, 2015. Debt As of September 30, 2015, the estimated fair value of the Company's 1.75% Convertible Notes due 2016 (the "1.75% Convertible Notes") and 1.00% Convertible Notes due 2018 (the "1.00% Convertible Notes" and together with the 1.75% Convertible Notes, the "Convertible Notes") was $385,400 and $409,486, respectively. The fair value was determined using Level 2 inputs, observable market data, for the Convertible Notes and its embedded option feature. See Note 9 for additional information regarding our Convertible Notes.

SHORT-TERM INVESTMENTS

SHORT-TERM INVESTMENTS	6 Months Ended
	Sep. 30, 2015
SHORT TERM INVESTMENTS
SHORT TERM INVESTMENTS	4. SHORT-TERM INVESTMENTS Our short-term investments consisted of the following: September 30, 2015 Gross Unrealized Cost or Amortized Cost Fair Value Gains Losses Short-term investments: Bank time deposits $ $ — $ — $ Available-for-sale securities: Corporate bonds ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total short-term investments $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2015 Gross Unrealized Cost or Amortized Cost Fair Value Gains Losses Short-term investments: Bank time deposits $ $ — $ — $ Available-for-sale securities: Corporate bonds ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total short-term investments $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized gains and losses of the Company's available-for-sale securities are reported as a component of other comprehensive income (loss), net of tax, until the security is sold, the security has matured, or the Company determines that the fair value of the security has declined below its adjusted cost basis and the decline is other-than-temporary. We evaluate our investments for impairment quarterly. The Company considers various factors in the review of investments with an unrealized loss, including the credit quality of the issuer, the duration that the fair value has been less than the adjusted cost basis, the severity of the impairment, the reason for the decline in value and our intent to sell and ability to hold the investment for a period of time sufficient to allow for any anticipated recovery in market value. Based on our review, we did not consider these investments to be other-than-temporarily impaired as of September 30, 2015. The following table summarizes the contracted maturities of our short-term investments at September 30, 2015: Amortized Cost Fair Value Short-term investments: Due in 1 year or less $ $ Due in 1 - 2 years ​ ​ ​ ​ ​ ​ ​ ​ Total short-term investments $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	6 Months Ended
	Sep. 30, 2015
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	5. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES Hedging Activities We transact business in various foreign currencies and have significant sales and purchase transactions denominated in foreign currencies, subjecting us to foreign currency exchange rate risk. From time to time, we use hedging programs in an effort to mitigate the effect of foreign currency exchange rate movements. Balance Sheet Hedging Activities We use foreign currency forward contracts to mitigate foreign currency exchange rate risk associated with non-functional currency denominated cash balances and inter-company funding loans, non-functional currency denominated accounts receivable and non-functional currency denominated accounts payable. These transactions are not designated as hedging instruments and are accounted for as derivatives whereby the fair value of the contracts is reported as either assets or liabilities on our Condensed Consolidated Balance Sheets, and gains and losses resulting from changes in the fair value are reported in interest and other, net, in our Condensed Consolidated Statements of Operations. The Company classifies cash flows from its derivative transactions as cash flows provided by (used in) operating activities in the Condensed Consolidated Statements of Cash Flows. We do not enter into derivative financial contracts for speculative or trading purposes. All foreign currency forward contracts have maturities of less than one year. The following table shows the gross notional amounts of foreign currency forward contracts: September 30, 2015 March 31, 2015 Forward contracts to sell foreign currencies $ $ Forward contracts to purchase foreign currencies For the three months ended September 30, 2015 and 2014, we recorded a gain of $340 and $370, respectively, and for the six months ended September 30, 2015 and 2014, we recorded a loss of $322 and $432, respectively, related to foreign currency forward contracts in interest and other, net on the Condensed Consolidated Statements of Operations.

INVENTORY

INVENTORY	6 Months Ended
	Sep. 30, 2015
INVENTORY
INVENTORY	6. INVENTORY Inventory balances by category are as follows: September 30, 2015 March 31, 2015 Finished products $ $ Parts and supplies ​ ​ ​ ​ ​ ​ ​ ​ Inventory $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated product returns included in inventory at September 30, 2015 and March 31, 2015 were $504 and $921, respectively.

SOFTWARE DEVELOPMENT COSTS AND

SOFTWARE DEVELOPMENT COSTS AND LICENSES	6 Months Ended
	Sep. 30, 2015
SOFTWARE DEVELOPMENT COSTS AND LICENSES
SOFTWARE DEVELOPMENT COSTS AND LICENSES	7. SOFTWARE DEVELOPMENT COSTS AND LICENSES Details of our capitalized software development costs and licenses are as follows: September 30, 2015 March 31, 2015 Current Non-current Current Non-current Software development costs, internally developed $ $ $ $ Software development costs, externally developed Licenses — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Software development costs and licenses $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Software development costs and licenses as of September 30, 2015 and March 31, 2015 included $295,459 and $211,248, respectively, related to titles that have not been released. During the three and six months ended September 30, 2015 we recorded $423 and $2,133, respectively, of software development impairment charges (a component of cost of goods sold).

ACCRUED EXPENSES AND OTHER CURR

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	6 Months Ended
	Sep. 30, 2015
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	8. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES Accrued expenses and other current liabilities consist of the following: September 30, 2015 March 31, 2015 Software development royalties $ $ Compensation and benefits Licenses Marketing and promotions Other ​ ​ ​ ​ ​ ​ ​ ​ Accrued expenses and other current liabilities $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

DEBT

DEBT	6 Months Ended
	Sep. 30, 2015
DEBT
DEBT	9. DEBT Credit Agreement In August 2014, we entered into a Third Amendment to the Second Amended and Restated October 2011 Credit Agreement (the "Credit Agreement"). The Credit Agreement provides for borrowings of up to $100,000 which may be increased by up to $40,000 pursuant to the terms of the Credit Agreement, and is secured by substantially all of our assets and the equity of our subsidiaries. The Credit Agreement expires on August 18, 2019. Revolving loans under the Credit Agreement bear interest at our election of (a) 0.50% to 1.00% above a certain base rate (3.75% at September 30, 2015), or (b) 1.50% to 2.00% above the LIBOR Rate (approximately 1.69% at September 30, 2015), with the margin rate subject to the achievement of certain average liquidity levels. We are also required to pay a monthly fee on the unused available balance, ranging from 0.25% to 0.375% based on availability. We had no outstanding borrowings at September 30, 2015 and March 31, 2015. Availability under the Credit Agreement is restricted by our United States and United Kingdom based accounts receivable and inventory balances. The Credit Agreement also allows for the issuance of letters of credit in an aggregate amount of up to $5,000. Information related to availability on our Credit Agreement is as follows: September 30, 2015 March 31, 2015 Available borrowings $ $ Outstanding letters of credit We recorded interest expense and fees related to the Credit Agreement of $111 and $138 for the three months ended September 30, 2015 and 2014, respectively, and $221 and $297 for the six months ended September 30, 2015 and 2014, respectively. The Credit Agreement contains covenants that substantially limit us and our subsidiaries' ability to: create, incur, assume or be liable for indebtedness; dispose of assets outside the ordinary course of business; acquire, merge or consolidate with or into another person or entity; create, incur or allow any lien on any of their respective properties; make investments; or pay dividends or make distributions (each subject to certain limitations); or optionally prepay any indebtedness (subject to certain exceptions, including an exception permitting the redemption of the Company's unsecured convertible senior notes upon the meeting of certain minimum liquidity requirements). In addition, the Credit Agreement provides for certain events of default such as nonpayment of principal and interest, breaches of representations and warranties, noncompliance with covenants, acts of insolvency, default on indebtedness held by third parties and default on certain material contracts (subject to certain limitations and cure periods). The Credit Agreement also contains a requirement that we maintain an interest coverage ratio of more than one to one for the trailing twelve month period, if certain average liquidity levels fall below $30,000. As of September 30, 2015, we were in compliance with all covenants and requirements outlined in the Credit Agreement. 1.75% Convertible Notes Due 2016 On November 16, 2011, we issued $250,000 aggregate principal amount of 1.75% Convertible Notes due 2016. The issuance of the 1.75% Convertible Notes included $30,000 related to the exercise of an over-allotment option by the underwriters. Interest on the 1.75% Convertible Notes is payable semi-annually in arrears on June 1 st and December 1 st of each year, commencing on June 1, 2012. The 1.75% Convertible Notes mature on December 1, 2016, unless earlier repurchased by the Company or converted. The Company does not have the right to redeem the 1.75% Convertible Notes prior to maturity. The 1.75% Convertible Notes are convertible at an initial conversion rate of 52.3745 shares of our common stock per $1 principal amount of 1.75% Convertible Notes (representing an initial conversion price of approximately $19.093 per share of common stock for a total of approximately 13,094,000 underlying conversion shares) subject to adjustment in certain circumstances. Holders may convert the 1.75% Convertible Notes at their option prior to the close of business on the business day immediately preceding June 1, 2016, only under the following circumstances: (1) during any fiscal quarter commencing after March 31, 2012, if the last reported sale price of the common stock for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on the last trading day of the preceding fiscal quarter is greater than or equal to 130% of the applicable conversion price on each applicable trading day; (2) during the five business day period after any 10 consecutive trading day period (the "measurement period") in which the trading price per $1 principal amount of 1.75% Convertible Notes for each day of that measurement period was less than 98% of the product of the last reported sale price of our common stock and the applicable conversion rate on each such day; or (3) upon the occurrence of specified corporate events. On and after June 1, 2016 until the close of business on the business day immediately preceding the maturity date, holders may convert their 1.75% Convertible Notes at any time, regardless of the foregoing circumstances. Upon conversion, the 1.75% Convertible Notes may be settled, at our election, in cash, shares of our common stock, or a combination of cash and shares of the Company's common stock. Our common stock price exceeded 130% of the applicable conversion price per share for at least 20 trading days during the 30 consecutive trading days ended September 30, 2015. Accordingly, as of October 1, 2015 the 1.75% Convertible Notes may be converted at the holder's option through December 31, 2015. If the 1.75% Convertible Notes were to be converted during this period, our current intent and ability, given our option, would be to settle the conversion in shares of our common stock. As such, we have continued to classify these 1.75% Convertible Notes as long-term debt. Upon the occurrence of certain fundamental changes involving the Company, holders of the 1.75% Convertible Notes may require us to purchase all or a portion of their 1.75% Convertible Notes for cash at a price equal to 100% of the principal amount of the notes to be purchased, plus accrued and unpaid interest (including additional interest, if any) to, but excluding, the fundamental change purchase date. The indenture governing the 1.75% Convertible Notes contains customary terms and covenants and events of default. If an event of default (as defined therein) occurs and is continuing, the Trustee by notice to the Company, or the holders of at least 25% in aggregate principal amount of the 1.75% Convertible Notes then outstanding by notice to the Company and the Trustee, may, and the Trustee at the request of such holders shall, declare 100% of the principal of and accrued and unpaid interest (including additional interest, if any) on all the 1.75% Convertible Notes to be due and payable. In the case of an event of default arising out of certain bankruptcy events, 100% of the principal of and accrued and unpaid interest (including additional interest, if any), on the 1.75% Convertible Notes will automatically become due and payable immediately. As of September 30, 2015, we were in compliance with all covenants and requirements outlined in the indenture governing the 1.75% Convertible Notes. The 1.75% Convertible Notes are senior unsecured obligations and rank senior in right of payment to our existing and future indebtedness that is expressly subordinated in right of payment to the 1.75% Convertible Notes; equal in right of payment to our existing and future indebtedness that is not so subordinated; effectively junior in right of payment to any of our secured indebtedness to the extent of the value of the assets securing such indebtedness; and structurally junior to all existing and future indebtedness incurred by our subsidiaries. We separately account for the liability and equity components of the 1.75% Convertible Notes in a manner that reflects the Company's nonconvertible debt borrowing rate when interest expense is recognized in subsequent periods. As of the date of issuance of our 1.75% Convertible Notes, we estimated the fair value to be $197,373, assuming a 6.9% non-convertible borrowing rate. We determined the carrying amount of the equity component to be $52,627 by deducting the fair value of the liability component from the par value of the 1.75% Convertible Notes. The excess of the principal amount of the liability component over its carrying amount is amortized to interest and other, net over the term of the 1.75% Convertible Notes using the effective interest method. The equity component is not remeasured as long as it continues to meet the conditions for equity classification. In accounting for the $6,875 of banking, legal and accounting fees related to the issuance of the 1.75% Convertible Notes, we allocated $5,428 to the liability component and $1,447 to the equity component. Debt issuance costs attributable to the liability component are being amortized to interest and other, net over the term of the 1.75% Convertible Notes, and issuance costs attributable to the equity component were netted with the equity component in additional paid-in capital. As of September 30, 2015 and March 31, 2015, the if-converted value of our 1.75% Convertible Notes exceeded the principal amount of $250,000 by $126,191 and $83,373, respectively. The following table provides additional information related to our 1.75% Convertible Notes: September 30, 2015 March 31, 2015 Additional paid-in capital $ $ ​ ​ ​ ​ ​ ​ ​ ​ Principal amount of 1.75% Convertible Notes $ $ Unamortized discount of the liability component ​ ​ ​ ​ ​ ​ ​ ​ Net carrying amount of 1.75% Convertible Notes $ $ ​ ​ ​ ​ ​ ​ ​ ​ Carrying amount of debt issuance costs $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The following table provides the components of interest expense related to our 1.75% Convertible Notes: Three Months Ended September 30, Six Months Ended September 30, 2015 2014 2015 2014 Cash interest expense (coupon interest expense) $ $ $ $ Non-cash amortization of discount on 1.75% Convertible Notes Amortization of debt issuance costs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total interest expense related to 1.75% Convertible Notes $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1.00% Convertible Notes Due 2018 On June 18, 2013, we issued $250,000 aggregate principal amount of 1.00% Convertible Notes due 2018. The 1.00% Convertible Notes were issued at 98.5% of par value for proceeds of $246,250. Interest on the 1.00% Convertible Notes is payable semi-annually in arrears on July 1 st and January 1 st of each year, commencing on January 1, 2014. The 1.00% Convertible Notes mature on July 1, 2018, unless earlier repurchased by the Company or converted. The Company does not have the right to redeem the 1.00% Convertible Notes prior to maturity. The Company also granted the underwriters a 30-day option to purchase up to an additional $37,500 principal amount of 1.00% Convertible Notes to cover overallotments, if any. On July 17, 2013, the Company closed its public offering of $37,500 principal amount of the Company's 1.00% Convertible Notes as a result of the underwriters exercising their overallotment option in full on July 12, 2013, bringing the total proceeds to $283,188. The 1.00% Convertible Notes are convertible at an initial conversion rate of 46.4727 shares of our common stock per $1 principal amount of 1.00% Convertible Notes (representing an initial conversion price of approximately $21.52 per share of common stock for a total of approximately 13,361,000 underlying conversion shares) subject to adjustment in certain circumstances. Holders may convert the 1.00% Convertible Notes at their option prior to the close of business on the business day immediately preceding January 1, 2018, only under the following circumstances: (1) during any fiscal quarter commencing after September 30, 2013, if the last reported sale price of the common stock for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on the last trading day of the preceding fiscal quarter is greater than or equal to 130% of the applicable conversion price on each applicable trading day; (2) during the five business day period after any 10 consecutive trading day period (the "measurement period") in which the trading price per $1 principal amount of 1.00% Convertible Notes for each day of that measurement period was less than 98% of the product of the last reported sale price of our common stock and the applicable conversion rate on each such day; or (3) upon the occurrence of specified corporate events. On and after January 1, 2018 until the close of business on the business day immediately preceding the maturity date, holders may convert their 1.00% Convertible Notes at any time, regardless of the foregoing circumstances. Upon conversion, the 1.00% Convertible Notes may be settled, at our election, in cash, shares of our common stock, or a combination of cash and shares of the Company's common stock. Our common stock price exceeded 130% of the applicable conversion price per share for at least 20 trading days during the 30 consecutive trading days ended September 30, 2015. Accordingly, as of October 1, 2015 the 1.00% Convertible Notes may be converted at the holder's option through December 31, 2015. If the 1.00% Convertible Notes were to be converted during this period, our current intent and ability, given our option, would be to settle the conversion in shares of our common stock. As such, we have continued to classify these 1.00% Convertible Notes as long-term debt. Upon the occurrence of certain fundamental changes involving the Company, holders of the 1.00% Convertible Notes may require us to purchase all or a portion of their 1.00% Convertible Notes for cash at a price equal to 100% of the principal amount of the notes to be purchased, plus accrued and unpaid interest (including additional interest, if any) to, but excluding, the fundamental change purchase date. The indenture governing the 1.00% Convertible Notes contains customary terms and covenants and events of default. If an event of default (as defined therein) occurs and is continuing, the Trustee by notice to the Company, or the holders of at least 25% in aggregate principal amount of the 1.00% Convertible Notes then outstanding by notice to the Company and the Trustee, may, and the Trustee at the request of such holders shall, declare 100% of the principal of and accrued and unpaid interest (including additional interest, if any) on all the 1.00% Convertible Notes to be due and payable. In the case of an event of default arising out of certain bankruptcy events, 100% of the principal of and accrued and unpaid interest (including additional interest, if any), on the 1.00% Convertible Notes will automatically become due and payable immediately. As of September 30, 2015, we were in compliance with all covenants and requirements outlined in the indenture governing the 1.00% Convertible Notes. The 1.00% Convertible Notes are senior unsecured obligations and rank senior in right of payment to our existing and future indebtedness that is expressly subordinated in right of payment to the 1.00% Convertible Notes; equal in right of payment to our existing and future indebtedness that is not so subordinated; effectively junior in right of payment to any of our secured indebtedness to the extent of the value of the assets securing such indebtedness; and structurally junior to all existing and future indebtedness incurred by our subsidiaries. We separately account for the liability and equity components of the 1.00% Convertible Notes in a manner that reflects the Company's nonconvertible debt borrowing rate. We estimated the fair value of the 1.00% Convertible Notes to be $225,567 upon issuance of our 1.00% Convertible Notes, assuming a 6.15% nonconvertible borrowing rate. We determined the carrying amount of the equity component to be $57,621 by deducting the fair value of the liability component from the net proceeds of the 1.00% Convertible Notes. The excess of the principal amount of the liability component over its carrying amount is amortized to interest and other, net over the term of the 1.00% Convertible Notes using the effective interest method. The equity component is not remeasured as long as it continues to meet the conditions for equity classification. In accounting for the $2,815 of banking, legal and accounting fees related to the issuance of the 1.00% Convertible Notes, we allocated $2,209 to the liability component and $606 to the equity component. Debt issuance costs attributable to the liability component are being amortized to interest and other, net over the term of the 1.00% Convertible Notes, and issuance costs attributable to the equity component were netted with the equity component in additional paid-in capital. As of September 30, 2015 and March 31, 2015, the if-converted value of our 1.00% Convertible Notes exceeded the principal amount of $287,500 by $96,362 and $52,671, respectively. The following table provides additional information related to our 1.00% Convertible Notes: September 30, 2015 March 31, 2015 Additional paid-in capital $ $ ​ ​ ​ ​ ​ ​ ​ ​ Principal amount of 1.00% Convertible Notes $ $ Unamortized discount of the liability component ​ ​ ​ ​ ​ ​ ​ ​ Net carrying amount of 1.00% Convertible Notes $ $ ​ ​ ​ ​ ​ ​ ​ ​ Carrying amount of debt issuance costs $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The following table provides the components of interest expense related to our 1.00% Convertible Notes: Three Months Ended September 30, Six Months Ended September 30, 2015 2014 2015 2014 Cash interest expense (coupon interest expense) $ $ $ $ Non-cash amortization of discount on 1.00% Convertible Notes Amortization of debt issuance costs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total interest expense related to 1.00% Convertible Notes $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

EARNINGS (LOSS) PER SHARE ("EPS

EARNINGS (LOSS) PER SHARE ("EPS")	6 Months Ended
	Sep. 30, 2015
EARNINGS (LOSS) PER SHARE ("EPS")
EARNINGS (LOSS) PER SHARE ("EPS")	10. EARNINGS (LOSS) PER SHARE ("EPS") The following table sets forth the computation of basic and diluted earnings (loss) per share (shares in thousands): Three Months Ended September 30, Six Months Ended September 30, 2015 2014 2015 2014 Computation of Basic earnings (loss) per share: Net income (loss) $ $ ) $ ) $ ) Less: net income allocated to participating securities ) — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) for basic earnings (loss) per share calculation $ $ ) $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total weighted average shares outstanding—basic Less: weighted average participating shares outstanding ) — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average common shares outstanding—basic ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings (loss) per share $ $ ) $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Computation of Diluted earnings (loss) per share: Net income (loss) $ $ ) $ ) $ ) Less: net income allocated to participating securities ) — — — Add: interest expense, net of tax, on Convertible Notes — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) for diluted earnings (loss) per share calculation $ $ ) $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding—basic Add: dilutive effect of common stock equivalents — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total weighted average shares outstanding—diluted Less: weighted average participating shares outstanding ) — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average common shares outstanding—diluted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted earnings (loss) per share $ $ ) $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The Company incurred a net loss for the three months ended September 30, 2014 and the six months ended September 30, 2015 and 2014; therefore, the basic and diluted weighted average shares outstanding excluded the effect of the unvested share-based awards that are considered participating securities and all common stock equivalents because their effect would be antidilutive. Certain of our unvested restricted stock awards (including restricted stock units, time-based and market-based restricted stock awards) are considered participating securities since these securities have non-forfeitable rights to dividends or dividend equivalents during the contractual period of the award, and thus require the two-class method of computing EPS. For the three months ended September 30, 2015, the calculation of EPS for common stock shown above excludes the income attributable to the participating securities from the numerator and excludes the dilutive effect of those awards from the denominator. For the six months ended September 30, 2015, we had approximately 3,436,000 participating securities and for the three and six months ended September 30, 2014, we had approximately 6,890,000 participating securities which are excluded from the EPS calculation due to the net loss for those periods. The Company defines common stock equivalents as non-participating restricted stock awards and common stock equivalents underlying the Convertible Notes (see Note 9) outstanding during the period. Common stock equivalents are measured using the treasury stock method, except for the Convertible Notes, which are assessed for their effect on diluted EPS using the more dilutive of the treasury stock method or the if-converted method. Under the provisions of the if-converted method, the Convertible Notes are assumed to be converted and included in the denominator of the EPS calculation and the interest expense, net of tax, recorded in connection with the Convertible Notes is added back to the numerator. For the three months ended September 30, 2015, we issued approximately 705,000 of unvested restricted stock awards and canceled approximately 32,000 of unvested restricted stock awards and for the six months ended September 30, 2015, we issued approximately 1,673,000 of unvested restricted stock awards and canceled approximately 207,000 of unvested restricted stock awards. Beginning with the first quarter of fiscal 2016, upon the vesting of certain restricted stock awards employees have the option to have the Company withhold shares to satisfy the employee's federal and state tax withholding requirements.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	6 Months Ended
	Sep. 30, 2015
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	11. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following table provides the components of accumulated other comprehensive income (loss): Six Months Ended September 30, 2015 Foreign currency translation adjustments Unrealized gain (loss) on derivative instruments Unrealized gain (loss) on available- for-sales securities Total Balance at March 31, 2015 $ ) $ $ ) $ ) Other comprehensive income (loss) before reclassifications — ) Amounts reclassified from accumulated other comprehensive income (loss) — — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at September 30, 2015 $ ) $ $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended September 30, 2014 Foreign currency translation adjustments Unrealized gain (loss) on derivative instruments Unrealized gain (loss) on available- for-sales securities Total Balance at March 31, 2014 $ $ $ — $ Other comprehensive income (loss) before reclassifications ) ) ) Amounts reclassified from accumulated other comprehensive income (loss) — — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at September 30, 2014 $ ) $ $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

SEGMENT AND GEOGRAPHIC INFORMAT

SEGMENT AND GEOGRAPHIC INFORMATION	6 Months Ended
	Sep. 30, 2015
SEGMENT AND GEOGRAPHIC INFORMATION
SEGMENT AND GEOGRAPHIC INFORMATION	12. SEGMENT AND GEOGRAPHIC INFORMATION Our operating segment is based upon our internal organizational structure, the manner in which our operations are managed and the criteria used by our Chief Executive Officer, our Chief Operating Decision Maker ("CODM") to evaluate performance. Our operations involve similar products and customers worldwide. We are centrally managed and the CODM primarily uses consolidated financial information supplemented by sales information by product category, major product title and platform to make operational decisions and assess financial performance. We have one operating segment where we are a publisher of interactive software games designed for console systems and personal computers, including smart phones and tablets, and are delivered through physical retail, digital download, online platforms and cloud streaming services. Our business consists of our Rockstar Games and 2K labels which combined represent a single operating segment, the "publishing segment". Revenue earned from our publishing segment is primarily derived from the sale of internally developed software titles and software titles developed on our behalf by third-parties. We attribute net revenue to geographic regions based on product destination. Net revenue by geographic region was as follows: Three Months Ended September 30, Six Months Ended September 30, Net revenue by geographic region: 2015 2014 2015 2014 United States $ $ $ $ Europe Asia Pacific Canada and Latin America ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total net revenue $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net revenue by product platform was as follows: Three Months Ended September 30, Six Months Ended September 30, Net revenue by product platform: 2015 2014 2015 2014 Console $ $ $ $ PC and other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total net revenue $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Our products are delivered through digital online services (digital download, online platforms and cloud streaming) and physical retail. Net revenue by distribution channel was as follows: Three Months Ended September 30, Six Months Ended September 30, Net revenue by distribution channel: 2015 2014 2015 2014 Digital online $ $ $ $ Physical retail and other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total net revenue $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Sep. 30, 2015
COMMITMENTS AND CONTINGENCIES.
COMMITMENTS AND CONTINGENCIES	13. COMMITMENTS AND CONTINGENCIES At September 30, 2015, we did not have any significant changes to our commitments since March 31, 2015. See Note 11 of the Notes to the Consolidated Financial Statements included in our Annual Report on Form 10-K for the year ended March 31, 2015 for more information regarding our commitments. Legal and Other Proceedings We are, or may become, subject to demands and claims (including intellectual property claims) and are involved in routine litigation in the ordinary course of business which we do not believe to be material to our business or financial statements. We have appropriately accrued amounts related to certain of these claims and legal and other proceedings. While it is reasonably possible that a loss may be incurred in excess of the amounts accrued in our financial statements, we believe that such losses, unless otherwise disclosed, would not be material.

SHARE REPURCHASE

SHARE REPURCHASE	6 Months Ended
	Sep. 30, 2015
SHARE REPURCHASE
SHARE REPURCHASE	14. SHARE REPURCHASE Share Repurchase Program On May 13, 2015, our Board of Directors approved an increase of 6,717,683 shares to our share repurchase program, increasing the total number of shares that we are permitted to repurchase to 14,217,683 shares of our common stock. During the three and six months ended September 30, 2015, we repurchased 953,647 shares of our common stock in the open market for $26,552, including commissions of $10, as part of the program. We have repurchased a total of 5,171,330 shares of our common stock under this program and as of September 30, 2015, 9,046,353 shares of our common stock remain available for repurchase under the Company's share repurchase program. The Company is authorized to purchase shares from time to time through a variety of methods, including in the open market or through privately negotiated transactions, in accordance with applicable securities laws. It does not obligate the Company to make any purchases at any specific time or situation. Repurchases are subject to the availability of stock, prevailing market conditions, the trading price of the stock, the Company's financial performance and other conditions. The program may be suspended or discontinued at any time for any reason.

BASIS OF PRESENTATION AND SIG21

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Sep. 30, 2015
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation	Basis of Presentation The accompanying Condensed Consolidated Financial Statements are unaudited and include the accounts of the Company and its wholly-owned subsidiaries and, in the opinion of management, reflect all normal and recurring adjustments necessary for the fair presentation of our financial position, results of operations and cash flows. Interim results may not be indicative of the results that may be expected for the full fiscal year. All material inter-company accounts and transactions have been eliminated in consolidation. The preparation of these Condensed Consolidated Financial Statements in accordance with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in these Condensed Consolidated Financial Statements and accompanying notes. As permitted under generally accepted accounting principles in the United States, interim accounting for certain expenses, including income taxes, are based on full year assumptions when appropriate. Actual results could differ materially from those estimates. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been omitted pursuant to the rules and regulations of the Securities and Exchange Commission, although we believe that the disclosures are adequate to make the information presented not misleading. These Condensed Consolidated Financial Statements and accompanying notes should be read in conjunction with our annual consolidated financial statements and the notes thereto, included in our Annual Report on Form 10-K for the year ended March 31, 2015. Certain immaterial reclassifications have been made to prior period amounts to conform to the current period presentation.
Recently Issued or Adopted Accounting Pronouncements	Recently Issued or Adopted Accounting Pronouncements Measurement of Inventory In July 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2015-11, "Simplifying the Measurement of Inventory." This new guidance requires the measurement of inventory to be reflected at the lower of cost or net realizable value for inventories measured using any method other than last-in-first-out or the retail inventory method. Currently, we value our inventory at the lower of weighted average cost or market. This update will be applied prospectively and is effective for annual periods, and interim periods within those years, beginning after December 15, 2016 (April 1, 2017 for the Company). Early adoption is permitted. The Company is currently evaluating the impact of adopting this update on its Consolidated Financial Statements. Internal-Use Software In April 2015, the FASB issued ASU 2015-05, "Customer's Accounting for Fees Paid in a Cloud Computing Arrangement." This update provides guidance for customers to determine whether cloud computing arrangements include software licenses. If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. This update can be applied prospectively to all arrangements entered into or materially modified after the effective date or retrospectively. This update is effective for annual periods, and interim periods within those years, beginning after December 15, 2015 (April 1, 2016 for the Company) and early adoption is permitted. The Company is currently evaluating the impact of adopting this update on its Consolidated Financial Statements. Presentation of Debt Issuance Costs In April 2015, the FASB issued ASU 2015-03, "Simplifying the Presentation of Debt Issuance Costs." This new guidance requires the presentation of debt issuance costs in the balance sheet as a deduction from the carrying amount of the related debt liability. This update will be applied retrospectively and is effective for annual periods, and interim periods within those years, beginning after December 15, 2015 (April 1, 2016 for the Company). Early adoption is permitted. The adoption of this new guidance is not expected to have a material effect on our Consolidated Financial Statements. Revenue from Contracts with Customers In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, as a new Topic, Accounting Standards Codification Topic 606. The new revenue recognition standard provides a five-step analysis of transactions to determine when and how revenue is recognized. The core principle is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This guidance can be adopted retrospectively to each period presented or as a cumulative-effect adjustment as of the date of adoption. In July 2015, the FASB voted to defer the effective date by one year to annual and interim years beginning after December 15, 2017 (April 1, 2018 for the Company). Early adoption is permitted, but no earlier than the original effective date of annual and interim periods beginning after December 15, 2016 (April 1, 2017 for the Company). The Company is currently determining its implementation approach and evaluating the impact of adopting this update on its Consolidated Financial Statements. Requirements for Reporting Discontinued Operations In April 2014, the FASB issued ASU 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. This new guidance raises the threshold for a disposal to qualify as discontinued operations and requires new disclosures for individually material disposal transactions that do not meet the definition of a discontinued operation. Under the new standard, companies report discontinued operations when they have a disposal that represents a strategic shift that has or will have a major impact on operations or financial results. This update was applied prospectively beginning April 1, 2015 and did not have an impact on our Consolidated Financial Statements.

MANAGEMENT AGREEMENT (Tables)

MANAGEMENT AGREEMENT (Tables)	6 Months Ended
	Sep. 30, 2015
MANAGEMENT AGREEMENT
Schedule of restricted stock units granted	Six Months Ended September 30, 2015 2014 Time-based Market-based (1) Performance-based (1) New IP Major IP ​ ​ ​ ​ ​ ​ ​ ​ Total- Performance-based ​ ​ ​ ​ ​ ​ ​ ​ Total Restricted Stock Units ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Represents the maximum number of shares eligible to vest

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Sep. 30, 2015
FAIR VALUE MEASUREMENTS
Segregation of all assets measured at fair value on a recurring basis	September 30, 2015 Quoted prices in active markets for identical assets (level 1) Significant other observable inputs (level 2) Significant unobservable inputs (level 3) Balance Sheet Classification Money market funds $ $ $ — $ — Cash and cash equivalents Bank-time deposits — — Cash and cash equivalents Corporate bonds — — Short-term investments Bank-time deposits — — Short-term investments Foreign currency forward contracts ) — ) — Accrued and other current liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total recurring fair value measurements, net $ $ $ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2015 Quoted prices in active markets for identical assets (level 1) Significant other observable inputs (level 2) Significant unobservable inputs (level 3) Balance Sheet Classification Money market funds $ $ $ — $ — Cash and cash equivalents Bank-time deposits — — Cash and cash equivalents Corporate bonds — — Short-term investments Bank-time deposits — — Short-term investments Foreign currency forward contracts — — Prepaid expenses and other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total recurring fair value measurements, net $ $ $ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

SHORT-TERM INVESTMENTS (Tables)

SHORT-TERM INVESTMENTS (Tables)	6 Months Ended
	Sep. 30, 2015
SHORT TERM INVESTMENTS
Schedule of short-term investments	September 30, 2015 Gross Unrealized Cost or Amortized Cost Fair Value Gains Losses Short-term investments: Bank time deposits $ $ — $ — $ Available-for-sale securities: Corporate bonds ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total short-term investments $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2015 Gross Unrealized Cost or Amortized Cost Fair Value Gains Losses Short-term investments: Bank time deposits $ $ — $ — $ Available-for-sale securities: Corporate bonds ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total short-term investments $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Summary of the contracted maturities of short-term investments	The following table summarizes the contracted maturities of our short-term investments at September 30, 2015: Amortized Cost Fair Value Short-term investments: Due in 1 year or less $ $ Due in 1 - 2 years ​ ​ ​ ​ ​ ​ ​ ​ Total short-term investments $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

DERIVATIVE INSTRUMENTS AND HE25

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	6 Months Ended
	Sep. 30, 2015
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Schedule of gross notional amounts of foreign currency forward contracts	September 30, 2015 March 31, 2015 Forward contracts to sell foreign currencies $ $ Forward contracts to purchase foreign currencies

INVENTORY (Tables)

INVENTORY (Tables)	6 Months Ended
	Sep. 30, 2015
INVENTORY
Inventory balances by category	September 30, 2015 March 31, 2015 Finished products $ $ Parts and supplies ​ ​ ​ ​ ​ ​ ​ ​ Inventory $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

SOFTWARE DEVELOPMENT COSTS AN27

SOFTWARE DEVELOPMENT COSTS AND LICENSES (Tables)	6 Months Ended
	Sep. 30, 2015
SOFTWARE DEVELOPMENT COSTS AND LICENSES
Schedule of capitalized software development costs and licenses	September 30, 2015 March 31, 2015 Current Non-current Current Non-current Software development costs, internally developed $ $ $ $ Software development costs, externally developed Licenses — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Software development costs and licenses $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

ACCRUED EXPENSES AND OTHER CU28

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)	6 Months Ended
	Sep. 30, 2015
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
Components of accrued expenses and other current liabilities	September 30, 2015 March 31, 2015 Software development royalties $ $ Compensation and benefits Licenses Marketing and promotions Other ​ ​ ​ ​ ​ ​ ​ ​ Accrued expenses and other current liabilities $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

DEBT (Tables)

DEBT (Tables)	6 Months Ended
	Sep. 30, 2015
LONG-TERM DEBT
Information related to availability on Credit Agreement	September 30, 2015 March 31, 2015 Available borrowings $ $ Outstanding letters of credit
1.75% Convertible Notes due 2016
LONG-TERM DEBT
Schedule of additional information related to convertible notes	September 30, 2015 March 31, 2015 Additional paid-in capital $ $ ​ ​ ​ ​ ​ ​ ​ ​ Principal amount of 1.75% Convertible Notes $ $ Unamortized discount of the liability component ​ ​ ​ ​ ​ ​ ​ ​ Net carrying amount of 1.75% Convertible Notes $ $ ​ ​ ​ ​ ​ ​ ​ ​ Carrying amount of debt issuance costs $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of components of interest expense related to convertible notes	Three Months Ended September 30, Six Months Ended September 30, 2015 2014 2015 2014 Cash interest expense (coupon interest expense) $ $ $ $ Non-cash amortization of discount on 1.75% Convertible Notes Amortization of debt issuance costs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total interest expense related to 1.75% Convertible Notes $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
1.00% Convertible Notes due 2018
LONG-TERM DEBT
Schedule of additional information related to convertible notes	September 30, 2015 March 31, 2015 Additional paid-in capital $ $ ​ ​ ​ ​ ​ ​ ​ ​ Principal amount of 1.00% Convertible Notes $ $ Unamortized discount of the liability component ​ ​ ​ ​ ​ ​ ​ ​ Net carrying amount of 1.00% Convertible Notes $ $ ​ ​ ​ ​ ​ ​ ​ ​ Carrying amount of debt issuance costs $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of components of interest expense related to convertible notes	Three Months Ended September 30, Six Months Ended September 30, 2015 2014 2015 2014 Cash interest expense (coupon interest expense) $ $ $ $ Non-cash amortization of discount on 1.00% Convertible Notes Amortization of debt issuance costs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total interest expense related to 1.00% Convertible Notes $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

EARNINGS (LOSS) PER SHARE ("E30

EARNINGS (LOSS) PER SHARE ("EPS") (Tables)	6 Months Ended
	Sep. 30, 2015
EARNINGS (LOSS) PER SHARE ("EPS")
Schedule of computation of basic and diluted EPS	The following table sets forth the computation of basic and diluted earnings (loss) per share (shares in thousands): Three Months Ended September 30, Six Months Ended September 30, 2015 2014 2015 2014 Computation of Basic earnings (loss) per share: Net income (loss) $ $ ) $ ) $ ) Less: net income allocated to participating securities ) — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) for basic earnings (loss) per share calculation $ $ ) $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total weighted average shares outstanding—basic Less: weighted average participating shares outstanding ) — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average common shares outstanding—basic ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings (loss) per share $ $ ) $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Computation of Diluted earnings (loss) per share: Net income (loss) $ $ ) $ ) $ ) Less: net income allocated to participating securities ) — — — Add: interest expense, net of tax, on Convertible Notes — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) for diluted earnings (loss) per share calculation $ $ ) $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding—basic Add: dilutive effect of common stock equivalents — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total weighted average shares outstanding—diluted Less: weighted average participating shares outstanding ) — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average common shares outstanding—diluted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted earnings (loss) per share $ $ ) $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

ACCUMULATED OTHER COMPREHENSI31

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	6 Months Ended
	Sep. 30, 2015
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Schedule of components of accumulated other comprehensive income (loss)	Six Months Ended September 30, 2015 Foreign currency translation adjustments Unrealized gain (loss) on derivative instruments Unrealized gain (loss) on available- for-sales securities Total Balance at March 31, 2015 $ ) $ $ ) $ ) Other comprehensive income (loss) before reclassifications — ) Amounts reclassified from accumulated other comprehensive income (loss) — — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at September 30, 2015 $ ) $ $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended September 30, 2014 Foreign currency translation adjustments Unrealized gain (loss) on derivative instruments Unrealized gain (loss) on available- for-sales securities Total Balance at March 31, 2014 $ $ $ — $ Other comprehensive income (loss) before reclassifications ) ) ) Amounts reclassified from accumulated other comprehensive income (loss) — — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at September 30, 2014 $ ) $ $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

SEGMENT AND GEOGRAPHIC INFORM32

SEGMENT AND GEOGRAPHIC INFORMATION (Tables)	6 Months Ended
	Sep. 30, 2015
SEGMENT AND GEOGRAPHIC INFORMATION
Net revenue by geographic region	Three Months Ended September 30, Six Months Ended September 30, Net revenue by geographic region: 2015 2014 2015 2014 United States $ $ $ $ Europe Asia Pacific Canada and Latin America ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total net revenue $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net revenue by product platform	Three Months Ended September 30, Six Months Ended September 30, Net revenue by product platform: 2015 2014 2015 2014 Console $ $ $ $ PC and other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total net revenue $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of net revenue by distribution channel	Three Months Ended September 30, Six Months Ended September 30, Net revenue by distribution channel: 2015 2014 2015 2014 Digital online $ $ $ $ Physical retail and other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total net revenue $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

BASIS OF PRESENTATION AND SIG33

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Details)	6 Months Ended
	Sep. 30, 2015item
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES
Wholly-owned labels	2

MANAGEMENT AGREEMENT (Details)

MANAGEMENT AGREEMENT (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	Apr. 30, 2011	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Mar. 31, 2015
2014 Management Agreement | Restricted stock units | Maximum
Management Agreement
Vesting requirement for market-based restricted stock				75th
Zelnick Media Corporation ("ZelnickMedia")
Management Agreement
Consulting expense benefit		$ 2,524	$ 1,336	$ 3,861	$ 2,673
Zelnick Media Corporation ("ZelnickMedia") | 2011 Management Agreement
Management Agreement
Stock-based compensation expense			5,069	$ 3,971	7,806
Vesting requirement for market-based restricted stock	75th
Zelnick Media Corporation ("ZelnickMedia") | 2011 Management Agreement | Restricted stock
Management Agreement
Stock-based compensation award, number of shares granted	1,100,000
Unvested portion of the shares of restricted stock granted		0		0
Zelnick Media Corporation ("ZelnickMedia") | 2011 Management Agreement | Market-based restricted stock
Management Agreement
Stock-based compensation award, number of shares granted	1,650,000
Zelnick Media Corporation ("ZelnickMedia") | 2014 Management Agreement
Management Agreement
Annual management fee				$ 2,970
Stock-based compensation expense		$ 4,935	$ 1,390	8,287	$ 2,579
Zelnick Media Corporation ("ZelnickMedia") | 2014 Management Agreement | Maximum
Management Agreement
Bonus per fiscal year based on the achievement of certain performance thresholds				$ 4,752
Zelnick Media Corporation ("ZelnickMedia") | 2014 Management Agreement | Time-based restricted units
Management Agreement
Stock-based compensation award, number of shares granted				151,575	178,654
Zelnick Media Corporation ("ZelnickMedia") | 2014 Management Agreement | Market-based restricted stock
Management Agreement
Vesting period				2 years
Vesting requirement for market-based restricted stock				50th
Percentage of grants earned (as a percent)				50.00%
Zelnick Media Corporation ("ZelnickMedia") | 2014 Management Agreement | New IP
Management Agreement
Stock-based compensation award, number of shares granted				46,752	55,104
Percentage of grants earned (as a percent)				50.00%
Zelnick Media Corporation ("ZelnickMedia") | 2014 Management Agreement | Major IP
Management Agreement
Stock-based compensation award, number of shares granted				46,752	55,104
Percentage of grants earned (as a percent)				50.00%
Zelnick Media Corporation ("ZelnickMedia") | 2014 Management Agreement | Market-based restricted units
Management Agreement
Stock-based compensation award, number of shares granted				280,512	330,628
Zelnick Media Corporation ("ZelnickMedia") | 2014 Management Agreement | Performance-based restricted units
Management Agreement
Stock-based compensation award, number of shares granted				93,504	110,208
Percentage of grants earned (as a percent)				50.00%
Zelnick Media Corporation ("ZelnickMedia") | 2014 Management Agreement | Restricted stock units
Management Agreement
Stock-based compensation award, number of shares granted				525,591	619,490
Unvested portion of the shares of restricted stock granted		1,145,081		1,145,081		619,490

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - Recurring basis - USD ($) $ in Thousands	Sep. 30, 2015	Mar. 31, 2015
Assets measured at fair value on a recurring basis
Total recurring fair value measurements, net	$ 888,221	$ 811,702
Cash and Cash Equivalents
Assets measured at fair value on a recurring basis
Money market funds	503,466	544,334
Bank-time deposits	31,971	79,852
Short term investments.
Assets measured at fair value on a recurring basis
Bank-time deposits	248,590	87,500
Corporate bonds	104,371	99,429
Prepaid expenses and other
Assets measured at fair value on a recurring basis
Foreign currency forward contracts		587
Accrued Expenses and other current liabilities
Assets measured at fair value on a recurring basis
Foreign currency forward contracts	(177)
Quoted prices in active markets for identical assets (level 1)
Assets measured at fair value on a recurring basis
Total recurring fair value measurements, net	784,027	711,686
Quoted prices in active markets for identical assets (level 1) | Cash and Cash Equivalents
Assets measured at fair value on a recurring basis
Money market funds	503,466	544,334
Bank-time deposits	31,971	79,852
Quoted prices in active markets for identical assets (level 1) | Short term investments.
Assets measured at fair value on a recurring basis
Bank-time deposits	248,590	87,500
Significant other observable inputs (level 2)
Assets measured at fair value on a recurring basis
Total recurring fair value measurements, net	104,194	100,016
Significant other observable inputs (level 2) | Short term investments.
Assets measured at fair value on a recurring basis
Corporate bonds	104,371	99,429
Significant other observable inputs (level 2) | Prepaid expenses and other
Assets measured at fair value on a recurring basis
Foreign currency forward contracts		$ 587
Significant other observable inputs (level 2) | Accrued Expenses and other current liabilities
Assets measured at fair value on a recurring basis
Foreign currency forward contracts	$ (177)

FAIR VALUE MEASUREMENTS (Deta36

FAIR VALUE MEASUREMENTS (Details 2) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 18, 2013	Nov. 16, 2011
1.75% Convertible Notes due 2016
LONG-TERM DEBT
Estimated fair value of convertible notes	$ 385,400		$ 197,373
Interest rate on convertible notes (as a percent)	1.75%		1.75%
1.00% Convertible Notes due 2018
LONG-TERM DEBT
Estimated fair value of convertible notes	$ 409,486	$ 225,567
Interest rate on convertible notes (as a percent)	1.00%	1.00%

SHORT-TERM INVESTMENTS (Details

SHORT-TERM INVESTMENTS (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Sep. 30, 2015	Mar. 31, 2015
Short-term investments:
Cost or Amortized Cost	$ 353,031	$ 186,954
Gross Unrealized Gains	19	39
Gross Unrealized Losses	(89)	(64)
Fair Value	352,961	186,929
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Rolling Maturity
Due in 1 year or less	340,073
Due in 1-2 years	12,958
Total amortized cost	353,031
Available-for-sale Securities, Debt Maturities, Fair Value, Rolling Maturity
Due in 1 year or less	340,009
Due in 1-2 years	12,952
Total fair value	352,961
Bank time deposits
Short-term investments:
Cost or Amortized Cost	248,590	87,500
Fair Value	248,590	87,500
Corporate bonds
Short-term investments:
Cost or Amortized Cost	104,441	99,454
Gross Unrealized Gains	19	39
Gross Unrealized Losses	(89)	(64)
Fair Value	$ 104,371	$ 99,429

DERIVATIVE INSTRUMENTS AND HE38

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details) - Foreign Currency Forward Contract - Not Designated As Hedging Instrument - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Mar. 31, 2015
Derivative
Outstanding forward contracts to sell foreign currency in exchange for U.S. dollars	$ 75,981		$ 75,981		$ 72,488
Outstanding forward contracts to purchase foreign currency in exchange for U.S. dollars	2,173		2,173		$ 4,097
Interest and other, net
Derivative
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	$ 340	$ 370	$ (322)	$ (432)

INVENTORY (Details)

INVENTORY (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Mar. 31, 2015
INVENTORY
Finished products	$ 21,816	$ 17,229
Parts and supplies	2,204	2,822
Inventory	24,020	20,051
Estimated product returns included in inventory	$ 504	$ 921

SOFTWARE DEVELOPMENT COSTS AN40

SOFTWARE DEVELOPMENT COSTS AND LICENSES (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Sep. 30, 2015	Sep. 30, 2015	Mar. 31, 2015
Capitalized software development costs and licenses
Software development costs and licenses, Current	$ 240,329	$ 240,329	$ 163,385
Software development costs and licenses, Non-current	128,939	128,939	124,329
Software development costs and licenses related to titles that have not been released	295,459	295,459	211,248
Software development impairment charges	423	2,133
Software development costs, internally developed
Capitalized software development costs and licenses
Software development costs and licenses, Current	125,014	125,014	54,225
Software development costs and licenses, Non-current	122,050	122,050	116,026
Software development costs, externally developed
Capitalized software development costs and licenses
Software development costs and licenses, Current	108,116	108,116	102,713
Software development costs and licenses, Non-current	6,889	6,889	8,303
Licenses
Capitalized software development costs and licenses
Software development costs and licenses, Current	$ 7,199	$ 7,199	$ 6,447

ACCRUED EXPENSES AND OTHER CU41

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Mar. 31, 2015
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
Software development royalties	$ 329,737	$ 307,953
Compensation and benefits	40,580	47,763
Licenses	39,532	23,974
Marketing and promotions	13,172	21,708
Other	44,835	43,340
Accrued expenses and other current liabilities	$ 467,856	$ 444,738

DEBT (Details)

DEBT (Details) $ / shares in Units, $ in Thousands	Aug. 31, 2014USD ($)	Jul. 12, 2014USD ($)	Jun. 18, 2013USD ($)$ / shares	Nov. 16, 2011USD ($)$ / shares	Aug. 31, 2014USD ($)	Jun. 30, 2013USD ($)item	Nov. 30, 2011USD ($)item	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2011USD ($)
Components of interest expense
Non-cash amortization of discount on Convertible Notes										$ 11,544	$ 10,840
Amortization of debt issuance costs										792	853
Credit Agreement
Credit Agreement
Maximum borrowing capacity	$ 100,000				$ 100,000
Amount of additional borrowings by which maximum borrowing capacity may be increased					$ 40,000
Outstanding borrowings								$ 0		0		$ 0
Credit Agreement Availability
Available borrowings								98,336		98,336		98,335
Outstanding letters of credit								1,664		1,664		1,664
Interest expense and fees								$ 111	$ 138	$ 221	297
Trailing period for measurement of interest coverage ratio										12 months
Maximum liquidity level triggering the requirement to maintain an interest coverage ratio of one to one										$ 30,000
Credit Agreement | Minimum
Credit Agreement
Monthly fee on unused available balance (as a percent)					0.25%
Credit Agreement Availability
Interest coverage ratio					1
Credit Agreement | Maximum
Credit Agreement
Monthly fee on unused available balance (as a percent)					0.375%
Credit Agreement | Base rate
Credit Agreement
Interest rate, variable rate basis					base rate					base rate
Interest rate at end of period (as a percent)								3.75%		3.75%
Credit Agreement | Base rate | Minimum
Credit Agreement
Interest rate added to base rate (as a percent)					0.50%
Credit Agreement | Base rate | Maximum
Credit Agreement
Interest rate added to base rate (as a percent)					1.00%
Credit Agreement | LIBOR
Credit Agreement
Interest rate, variable rate basis	LIBOR									LIBOR
Interest rate at end of period (as a percent)								1.69%		1.69%
Credit Agreement | LIBOR | Minimum
Credit Agreement
Interest rate added to base rate (as a percent)					1.50%
Credit Agreement | LIBOR | Maximum
Credit Agreement
Interest rate added to base rate (as a percent)					2.00%
Letter of Credit
Credit Agreement
Maximum borrowing capacity								$ 5,000		$ 5,000
1.75% Convertible Notes due 2016
Convertible Notes
Principal amount at issuance				$ 250,000
Interest rate on convertible notes (as a percent)				1.75%				1.75%		1.75%
Amount pertaining to exercise of over-allotment of debt by underwriters				$ 30,000
Initial conversion rate of common stock per $1000 of principal amount of Convertible Notes (in shares)							52.3745
Principal amount used for debt instrument conversion ratio				$ 1
Initial conversion price of convertible notes into common stock (in dollars per share) | $ / shares				$ 19.093
Number of shares to be converted into common stock | item							13,094,000
Estimated fair value of convertible notes				$ 197,373				$ 385,400		$ 385,400
Non-convertible borrowing rate (as a percent)				6.90%
Carrying amount of the equity component of convertible notes				$ 52,627
Banking, legal and accounting fees related to issuance of convertible notes				$ 6,875
Banking, legal and accounting fees related to issuance of convertible notes allocated to the liability component							$ 5,428
Banking, legal and accounting fees related to issuance of convertible notes allocated to the equity component							$ 1,447
The value by which Convertible Notes exceed the principal value										126,191		83,373
Additional information related to convertible notes
Additional paid-in capital								51,180		51,180		51,180
Principal amount of Convertible Notes								250,000		250,000		250,000
Unamortized discount of the liability component								13,795		13,795		19,386
Carrying amount of Convertible Notes								236,205		236,205		230,614
Carrying amount of debt issuance costs								1,154		1,154		1,662
Components of interest expense
Cash interest expense (coupon interest expense)								1,093	1,094	2,187	2,188
Non-cash amortization of discount on Convertible Notes								2,818	2,637	5,591	5,231
Amortization of debt issuance costs								252	265	508	533
Total interest expense related to Convertible Notes								$ 4,163	3,996	$ 8,286	7,952
1.75% Convertible Notes due 2016 | Conversion Terms at Holder's Option
Convertible Notes
Target ratio of closing share price to conversion price as a condition for conversion or redemption of Convertible Notes (as a percent)							130.00%			130.00%
Ratio of closing share price to conversion price as a condition for conversion of Convertible Notes (as a percent)							98.00%
Principal amount used for ratio of debt instrument redemption price													$ 1
1.75% Convertible Notes due 2016 | Conversion Terms at Holder's Option | Minimum
Convertible Notes
Number of trading days triggering conversion of redemption feature							20 days			20 days
Number of trading days in the measurement period that the entity's common stock closing price to conversion price must exceed a specified percentage of conversion price to trigger conversion feature of notes | item							5
1.75% Convertible Notes due 2016 | Conversion Terms at Holder's Option | Maximum
Convertible Notes
Number of trading days triggering conversion of redemption feature							30 days			30 days
Number of trading days in the measurement period that the entity's common stock closing price to conversion price must exceed a specified percentage of conversion price to trigger conversion feature of notes | item							10
1.75% Convertible Notes due 2016 | Conversion Terms upon Occurrence of Certain Fundamental Company Changes
Convertible Notes
Redemption price as percentage of principal amount of notes plus accrued and unpaid interest							100.00%
1.75% Convertible Notes due 2016 | Conversion Terms, Event of Default
Convertible Notes
Minimum percentage of aggregate principal amount held by bondholders to declare notes due and payable							25.00%
In event of default arising out of certain bankruptcy events, the percentage of principal amount due and payable							100.00%
1.00% Convertible Notes due 2018
Convertible Notes
Principal amount at issuance			$ 250,000
Interest rate on convertible notes (as a percent)			1.00%					1.00%		1.00%
Percentage of par value at which debt was issued			98.50%
Period of overallotment option to purchase additional amount of debt granted to underwriters			30 days
Amount pertaining to exercise of over-allotment of debt by underwriters			$ 37,500
Proceeds from issuance of debt		$ 283,188	246,250
Initial conversion rate of common stock per $1000 of principal amount of Convertible Notes (in shares)						46.4727
Principal amount used for debt instrument conversion ratio			$ 1
Initial conversion price of convertible notes into common stock (in dollars per share) | $ / shares			$ 21.52
Number of shares to be converted into common stock | item						13,361,000
Estimated fair value of convertible notes			$ 225,567					$ 409,486		$ 409,486
Non-convertible borrowing rate (as a percent)			6.15%
Carrying amount of the equity component of convertible notes			$ 57,621
Banking, legal and accounting fees related to issuance of convertible notes			2,815
Banking, legal and accounting fees related to issuance of convertible notes allocated to the liability component						$ 2,209
Banking, legal and accounting fees related to issuance of convertible notes allocated to the equity component						$ 606
The value by which Convertible Notes exceed the principal value										96,362		52,671
Additional information related to convertible notes
Additional paid-in capital								35,784		35,784		35,784
Principal amount of Convertible Notes		$ 287,500						287,500		287,500		287,500
Unamortized discount of the liability component								36,104		36,104		42,057
Carrying amount of Convertible Notes								251,396		251,396		245,443
Carrying amount of debt issuance costs								1,141		1,141		$ 1,365
Components of interest expense
Cash interest expense (coupon interest expense)								718	718	1,437	1,437
Non-cash amortization of discount on Convertible Notes								2,999	2,826	5,953	5,609
Amortization of debt issuance costs								112	117	224	236
Total interest expense related to Convertible Notes								$ 3,829	$ 3,661	$ 7,614	$ 7,282
1.00% Convertible Notes due 2018 | Maximum
Convertible Notes
Additional amount of debt for purchase of which overallotment option is granted to underwriters			37,500
1.00% Convertible Notes due 2018 | Conversion Terms at Holder's Option
Convertible Notes
Principal amount used for debt instrument conversion ratio			$ 1
Target ratio of closing share price to conversion price as a condition for conversion or redemption of Convertible Notes (as a percent)						130.00%				130.00%
Ratio of closing share price to conversion price as a condition for conversion of Convertible Notes (as a percent)						98.00%
1.00% Convertible Notes due 2018 | Conversion Terms at Holder's Option | Minimum
Convertible Notes
Number of trading days triggering conversion of redemption feature						20 days				20 days
Number of trading days in the measurement period that the entity's common stock closing price to conversion price must exceed a specified percentage of conversion price to trigger conversion feature of notes | item						5
1.00% Convertible Notes due 2018 | Conversion Terms at Holder's Option | Maximum
Convertible Notes
Number of trading days triggering conversion of redemption feature						30 days				30 days
Number of trading days in the measurement period that the entity's common stock closing price to conversion price must exceed a specified percentage of conversion price to trigger conversion feature of notes | item						10
1.00% Convertible Notes due 2018 | Conversion Terms upon Occurrence of Certain Fundamental Company Changes
Convertible Notes
Redemption price as percentage of principal amount of notes plus accrued and unpaid interest						100.00%
1.00% Convertible Notes due 2018 | Conversion Terms, Event of Default
Convertible Notes
Minimum percentage of aggregate principal amount held by bondholders to declare notes due and payable						25.00%
In event of default arising out of certain bankruptcy events, the percentage of principal amount due and payable						100.00%

EARNINGS (LOSS) PER SHARE ("E43

EARNINGS (LOSS) PER SHARE ("EPS") (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Computation of Basic earnings (loss) per share:
Net income ( loss)	$ 54,735	$ (41,369)	$ (12,288)	$ (76,772)
Less: net income allocated to participating securities	(2,320)
Net income (loss) for basic earnings per share calculation	$ 52,415	$ (41,369)	$ (12,288)	$ (76,772)
Total weighted average common shares outstanding - basic	87,560,000	80,355,000	83,280,000	79,862,000
Less: weighted average participating shares outstanding	(3,711,000)
Weighted average common shares outstanding - basic	83,849,000	80,355,000	83,280,000	79,862,000
Basic earnings (loss) per share (in dollars per share)	$ 0.63	$ (0.51)	$ (0.15)	$ (0.96)
Computation of Diluted earnings (loss) per share:
Net loss	$ 54,735	$ (41,369)	$ (12,288)	$ (76,772)
Less: net income allocated to participating securities	(1,782)
Add: interest expense, net of tax, on Convertible Notes	7,994
Net income (loss) for diluted earnings (loss) per share calculation	$ 60,947	$ (41,369)	$ (12,288)	$ (76,772)
Weighted average shares outstanding - basic	83,849,000	80,355,000	83,280,000	79,862,000
Add: dilutive effect of common stock equivalents	30,166,000
Weighted average common shares outstanding - diluted	114,015,000	80,355,000	83,280,000	79,862,000
Less: weighted average participating shares outstanding	(3,711,000)
Weighted average common shares outstanding - diluted	110,304,000	80,355,000	83,280,000	79,862,000
Diluted earnings (loss) per share (in dollars per share)	$ 0.55	$ (0.51)	$ (0.15)	$ (0.96)
Participating securities		6,890,000	3,436,000	6,890,000
Common stock issued in connection with restricted stock awards (in shares)	705,000		1,673,000
Unvested restricted stock awards, canceled (in shares)	32,000		207,000

ACCUMULATED OTHER COMPREHENSI44

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Changes in accumulated other comprehensive income (loss)
Balance at the beginning of the period	$ (30,624)	$ 2,116
Other comprehensive (loss) income before reclassifications	1,275	(7,533)
Balance at the end of the period	(29,349)	(5,417)
Foreign currency translation adjustments
Changes in accumulated other comprehensive income (loss)
Balance at the beginning of the period	(31,216)	1,531
Other comprehensive (loss) income before reclassifications	1,320	(7,480)
Balance at the end of the period	(29,896)	(5,949)
Unrealized gain (loss) on derivative instruments
Changes in accumulated other comprehensive income (loss)
Balance at the beginning of the period	617	585
Other comprehensive (loss) income before reclassifications		32
Balance at the end of the period	617	617
Unrealized gain (loss) on available-for-sale securities
Changes in accumulated other comprehensive income (loss)
Balance at the beginning of the period	(25)
Other comprehensive (loss) income before reclassifications	(45)	(85)
Balance at the end of the period	$ (70)	$ (85)

SEGMENT AND GEOGRAPHIC INFORM45

SEGMENT AND GEOGRAPHIC INFORMATION (Details)	6 Months Ended
	Sep. 30, 2015segment
SEGMENT AND GEOGRAPHIC INFORMATION
Number of reportable segments	1

SEGMENT AND GEOGRAPHIC INFORM46

SEGMENT AND GEOGRAPHIC INFORMATION (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net revenue by geographic region:
Total net revenue	$ 346,974	$ 126,277	$ 622,271	$ 251,702
United States
Net revenue by geographic region:
Total net revenue	185,102	59,322	328,540	124,166
Europe
Net revenue by geographic region:
Total net revenue	119,510	44,145	219,733	88,143
Asia Pacific
Net revenue by geographic region:
Total net revenue	20,178	9,064	40,484	19,024
Canada and Latin America
Net revenue by geographic region:
Total net revenue	$ 22,184	$ 13,746	$ 33,514	$ 20,369

SEGMENT AND GEOGRAPHIC INFORM47

SEGMENT AND GEOGRAPHIC INFORMATION (Details 3) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net revenue by product platform:
Total net revenue	$ 346,974	$ 126,277	$ 622,271	$ 251,702
Console
Net revenue by product platform:
Total net revenue	301,029	93,684	523,603	177,454
PC and other
Net revenue by product platform:
Total net revenue	$ 45,945	$ 32,593	$ 98,668	$ 74,248

SEGMENT AND GEOGRAPHIC INFORM48

SEGMENT AND GEOGRAPHIC INFORMATION (Details 4) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net revenue by distribution channel:
Total net revenue	$ 346,974	$ 126,277	$ 622,271	$ 251,702
Digital online
Net revenue by distribution channel:
Total net revenue	202,426	80,646	356,411	160,847
Physical retail and other
Net revenue by distribution channel:
Total net revenue	$ 144,548	$ 45,631	$ 265,860	$ 90,855

SHARE REPURCHASE (Details)

SHARE REPURCHASE (Details) - Common Stock - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Sep. 30, 2015	Sep. 30, 2015	May. 13, 2015
SHARE REPURCHASE
Increase in number of shares authorized to be repurchased			6,717,683
Number of shares authorized to be repurchased			14,217,683
Repurchased common stock (in shares)	953,647	953,647
Repurchased common stock	$ 26,552	$ 26,552
Commissions	$ 10	$ 10
Shares repurchased under the share repurchase program	5,171,330	5,171,330
Number of shares of common stock remaining available for repurchase under the entity's share repurchase authorization	9,046,353	9,046,353