Take-Two Interactive Software (TTWO) 10-Q 8 Feb 22 2022 Q2 Quarterly report Financial data

COVER

COVER - shares	9 Months Ended
	Dec. 31, 2021	Jan. 26, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 2021
Document Transition Report	false
Entity File Number	001-34003
Entity Registrant Name	TAKE-TWO INTERACTIVE SOFTWARE, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	51-0350842
Entity Address, Address Line One	110 West 44th Street
Entity Address, Postal Zip Code	10036
Entity Address, City or Town	New York
Entity Address, State or Province	NY
City Area Code	646
Local Phone Number	536-2842
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	TTWO
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		115,416,162
Entity Central Index Key	0000946581
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--03-31

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2021	Mar. 31, 2021
Current assets:
Cash and cash equivalents	$ 986,741	$ 1,422,884
Short-term investments	1,479,013	1,308,692
Restricted cash and cash equivalents	267,010	538,822
Accounts receivable, net of allowances of $350 and $350 at December 31, 2021 and March 31, 2021, respectively	647,907	552,762
Inventory	11,678	17,742
Software development costs and licenses	47,576	43,443
Deferred cost of goods sold	15,369	15,524
Prepaid expenses and other	249,719	320,646
Total current assets	3,705,013	4,220,515
Fixed assets, net	235,957	149,364
Right-of-use assets	212,491	164,763
Software development costs and licenses, net of current portion	737,935	490,892
Goodwill	679,997	535,306
Other intangibles, net	274,297	121,591
Deferred tax assets	77,721	90,206
Long-term restricted cash and cash equivalents	103,445	98,541
Other assets	331,097	157,040
Total assets	6,357,953	6,028,218
Current liabilities:
Accounts payable	100,720	71,001
Accrued expenses and other current liabilities	1,026,246	1,204,090
Deferred revenue	910,899	928,029
Lease liabilities	34,480	31,595
Total current liabilities	2,072,345	2,234,715
Non-current deferred revenue	68,218	37,302
Non-current lease liabilities	209,646	159,671
Non-current software development royalties	113,991	110,127
Other long-term liabilities	228,016	154,511
Total liabilities	2,692,216	2,696,326
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.01 par value, 5,000 shares authorized; no shares issued and outstanding at December 31, 2021 and March 31, 2021	0	0
Common stock, $0.01 par value, 200,000 shares authorized; 139,007 and 137,584 shares issued and 115,326 and 115,163 outstanding at December 31, 2021 and March 31, 2021, respectively	1,391	1,376
Additional paid-in capital	2,541,492	2,288,781
Treasury stock, at cost; 23,681 and 22,421 common shares at December 31, 2021 and March 31, 2021, respectively	(1,020,584)	(820,572)
Retained earnings	2,178,021	1,870,971
Accumulated other comprehensive loss	(34,583)	(8,664)
Total stockholders' equity	3,665,737	3,331,892
Total liabilities and stockholders' equity	$ 6,357,953	$ 6,028,218

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Dec. 31, 2021	Mar. 31, 2021
Statement of Financial Position [Abstract]
Accounts receivable, allowances	$ 350	$ 350
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	5,000	5,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	200,000	200,000
Common stock, shares issued (in shares)	139,007	137,584
Common stock, shares outstanding (in shares)	115,326	115,163
Treasury stock, shares (in shares)	23,681	22,421

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Net revenue	$ 903,252	$ 860,889	$ 2,574,796	$ 2,533,341
Cost of goods sold	350,379	346,244	1,136,776	1,255,438
Gross profit	552,873	514,645	1,438,020	1,277,903
Selling and marketing	135,286	139,906	375,159	338,376
General and administrative	130,706	98,624	362,484	292,230
Research and development	116,656	86,428	310,458	233,752
Depreciation and amortization	15,996	14,007	44,642	40,116
Business reorganization	123	(377)	546	(138)
Total operating expenses	398,767	338,588	1,093,289	904,336
Income from operations	154,106	176,057	344,731	373,567
Interest and other, net	(5,629)	1,098	(7,228)	12,022
Gain on long-term investments, net	3,662	39,291	6,054	38,636
Income before income taxes	152,139	216,446	343,557	424,225
Provision for income taxes	7,642	34,198	36,507	54,151
Net income	$ 144,497	$ 182,248	$ 307,050	$ 370,074
Earnings per share:
Basic earnings per share (in dollars per share)	$ 1.25	$ 1.58	$ 2.66	$ 3.23
Diluted earnings per share (in dollars per share)	$ 1.24	$ 1.57	$ 2.63	$ 3.20

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 144,497	$ 182,248	$ 307,050	$ 370,074
Other comprehensive income:
Foreign currency translation adjustment	(13,497)	30,135	(24,096)	53,697
Cash flow hedges:
Change in unrealized gains	0	0	0	(3,817)
Reclassification to earnings	0	(600)	0	(1,933)
Tax effect on effective cash flow hedges	0	0	0	845
Change in fair value of effective cash flow hedge	0	(600)	0	(4,905)
Change in fair value of available for sale securities	(1,339)	(295)	(1,823)	4,000
Other comprehensive (loss) income	(14,836)	29,240	(25,919)	52,792
Comprehensive income	$ 129,661	$ 211,488	$ 281,131	$ 422,866

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands		9 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Operating activities:
Net income		$ 307,050	$ 370,074
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of software development costs and licenses		112,117	113,392
Impairment of software development costs and licenses		65,689	0
Depreciation		44,732	40,790
Amortization of intellectual property		49,506	22,006
Stock-based compensation		142,540	139,835
Gain on long-term investments		(6,054)	(40,588)
Other, net		12,200	(89)
Changes in assets and liabilities:
Accounts receivable		(85,788)	19,544
Inventory		5,929	(6,452)
Software development costs and licenses		(376,455)	(144,951)
Prepaid expenses and other assets		(123,709)	(49,321)
Deferred revenue		10,615	208,182
Deferred cost of goods sold		126	463
Accounts payable, accrued expenses and other liabilities		(139,337)	114,776
Net cash provided by operating activities		19,161	787,661
Investing activities:
Change in bank time deposits		(43,921)	73,000
Proceeds from available-for-sale securities		494,919	363,628
Purchases of available-for-sale securities		(632,530)	(563,815)
Purchases of fixed assets		(133,392)	(40,207)
Proceeds from sale of long-term investment		0	22,472
Purchases of long-term investments		(8,650)	(16,452)
Business acquisitions		(157,291)	(79,525)
Other		1,100	0
Net cash used in investing activities		(479,765)	(240,899)
Financing activities:
Tax payment related to net share settlements on restricted stock awards		(59,131)	(60,586)
Issuance of common stock		19,658	14,215
Loan repayment		(235)	0
Repurchase of common stock		(200,012)	0
Net cash used in financing activities		(239,720)	(46,371)
Effects of foreign currency exchange rates on cash, cash equivalents, and restricted cash and cash equivalents		(2,727)	19,006
Net change in cash, cash equivalents, and restricted cash and cash equivalents		(703,051)	519,397
Cash, cash equivalents, and restricted cash and cash equivalents, beginning of year	[1]	2,060,247	1,993,392
Cash, cash equivalents, and restricted cash and cash equivalents, end of period	[1]	$ 1,357,196	$ 2,512,789
[1]	Cash, cash equivalents and restricted cash and cash equivalents shown on our Condensed Consolidated Statements of Cash Flow includes amounts in the Cash and cash equivalents, Restricted cash and cash equivalents, and Long-term restricted cash and cash equivalents on our Condensed Consolidated Balance Sheet.

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Mar. 31, 2020		135,927		(22,421)
Beginning balance at Mar. 31, 2020	$ 2,539,244	$ 1,359	$ 2,134,748	$ (820,572)	$ 1,282,085	$ (58,376)
Increase (Decrease) in Stockholders' Equity
Net income	370,074				370,074
Change in cumulative foreign currency translation adjustment	53,697					53,697
Change in gains on cash flow hedge, net	(4,905)					(4,905)
Net unrealized gain on available-for-sale securities, net of taxes	4,000					4,000
Stock-based compensation	141,904		141,904
Issuance of restricted stock, net of forfeitures and cancellations (in shares)		1,235
Issuance of restricted stock, net of forfeitures and cancellations	1	$ 13	(12)
Net share settlement of restricted stock awards (in shares)		(401)
Net share settlement of restricted stock awards	(60,586)	$ (5)	(60,581)
Employee share purchase plan settlement (in shares)		139
Employee share purchase plan settlement	14,215	$ 2	14,213
Issuance of shares related to acquisition (in shares)		604
Issuance of shares related to acquisition	97,647	$ 6	97,641
Ending balance (in shares) at Dec. 31, 2020		137,504		(22,421)
Ending balance at Dec. 31, 2020	3,155,291	$ 1,375	2,327,913	$ (820,572)	1,652,159	(5,584)
Beginning balance (in shares) at Sep. 30, 2020		137,349		(22,421)
Beginning balance at Sep. 30, 2020	2,901,282	$ 1,373	2,285,394	$ (820,572)	1,469,911	(34,824)
Increase (Decrease) in Stockholders' Equity
Net income	182,248				182,248
Change in cumulative foreign currency translation adjustment	30,135					30,135
Change in gains on cash flow hedge, net	(600)					(600)
Net unrealized gain on available-for-sale securities, net of taxes	(295)					(295)
Stock-based compensation	47,192		47,192
Issuance of restricted stock, net of forfeitures and cancellations (in shares)		141
Issuance of restricted stock, net of forfeitures and cancellations	1	$ 2	(1)
Net share settlement of restricted stock awards (in shares)		(60)
Net share settlement of restricted stock awards	(12,384)	$ (1)	(12,383)
Employee share purchase plan settlement (in shares)		74
Employee share purchase plan settlement	7,712	$ 1	7,711
Ending balance (in shares) at Dec. 31, 2020		137,504		(22,421)
Ending balance at Dec. 31, 2020	3,155,291	$ 1,375	2,327,913	$ (820,572)	1,652,159	(5,584)
Beginning balance (in shares) at Mar. 31, 2021		137,584		(22,421)
Beginning balance at Mar. 31, 2021	3,331,892	$ 1,376	2,288,781	$ (820,572)	1,870,971	(8,664)
Increase (Decrease) in Stockholders' Equity
Net income	307,050				307,050
Change in cumulative foreign currency translation adjustment	(24,096)					(24,096)
Net unrealized gain on available-for-sale securities, net of taxes	(1,823)					(1,823)
Stock-based compensation	198,045		198,045
Repurchased common stock (in shares)				(1,260)
Repurchased common stock	(200,012)			$ (200,012)
Issuance of restricted stock, net of forfeitures and cancellations (in shares)		1,096
Issuance of restricted stock, net of forfeitures and cancellations	0	$ 11	(11)
Net share settlement of restricted stock awards (in shares)		(330)
Net share settlement of restricted stock awards	(59,131)	$ (3)	(59,128)
Employee share purchase plan settlement (in shares)		142
Employee share purchase plan settlement	19,658	$ 2	19,656
Issuance of shares related to acquisition (in shares)		515
Issuance of shares related to acquisition	94,154	$ 5	94,149
Ending balance (in shares) at Dec. 31, 2021		139,007		(23,681)
Ending balance at Dec. 31, 2021	3,665,737	$ 1,391	2,541,492	$ (1,020,584)	2,178,021	(34,583)
Beginning balance (in shares) at Sep. 30, 2021		138,891		(23,681)
Beginning balance at Sep. 30, 2021	3,469,668	$ 1,390	2,475,085	$ (1,020,584)	2,033,524	(19,747)
Increase (Decrease) in Stockholders' Equity
Net income	144,497				144,497
Change in cumulative foreign currency translation adjustment	(13,497)					(13,497)
Net unrealized gain on available-for-sale securities, net of taxes	(1,339)					(1,339)
Stock-based compensation	61,741		61,741
Issuance of restricted stock, net of forfeitures and cancellations (in shares)		76
Issuance of restricted stock, net of forfeitures and cancellations	0	$ 1	(1)
Net share settlement of restricted stock awards (in shares)		(32)
Net share settlement of restricted stock awards	(5,761)	$ (1)	(5,760)
Employee share purchase plan settlement (in shares)		72
Employee share purchase plan settlement	10,428	$ 1	10,427
Ending balance (in shares) at Dec. 31, 2021		139,007		(23,681)
Ending balance at Dec. 31, 2021	$ 3,665,737	$ 1,391	$ 2,541,492	$ (1,020,584)	$ 2,178,021	$ (34,583)

BASIS OF PRESENTATION AND SIGNI

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	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. We develop and publish products principally through Rockstar Games, 2K, Private Division, and T2 Mobile Games, which includes Socialpoint, Playdots, and Nordeus. Our products are designed for console systems, including but not limited to, Sony's PlayStation®4 ("PS4") and PlayStation 5 ("PS5"), Microsoft's Xbox One® ("Xbox One") and Xbox Series X|S ("Xbox Series X|S"), and Nintendo's Switch™ ("Switch"), personal computers ("PC"), and mobile including smart phones and tablets ("Mobile"), 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 our opinion, 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 intercompany 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 ("U.S. GAAP") requires management to make estimates and assumptions that affect the amounts reported in these Condensed Consolidated Financial Statements and accompanying notes. As permitted under U.S. GAAP, interim accounting for certain expenses, including income taxes, are based on full year assumptions when appropriate. Actual results could differ materially from those estimates, including as a result of the COVID-19 pandemic, which may affect economic conditions in a number of different ways and result in uncertainty and risk. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been omitted pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"), 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 fiscal year ended March 31, 2021. Certain immaterial reclassifications have been made to prior period amounts to conform to the current period presentation. Recently Adopted Accounting Pronouncements Accounting for Income Taxes In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes , which enhances and simplifies various aspects of the income tax accounting guidance, including requirements such as tax basis step-up in goodwill obtained in a transaction that is not a business combination, ownership changes in investments, and interim-period accounting for enacted changes in tax law. We adopted this update effective April 1, 2021. The adoption of this update did not have a material impact on our Condensed Consolidated Financial Statements. Recently Issued Accounting Pronouncements Accounting for Government Assistance In November 2021, the FASB issued ASU 2021-10, Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance , which requires annual disclosures that increase the transparency of transactions involving government grants, including (1) the types of transactions, (2) the accounting for those transactions, and (3) the effect of those transactions on any entity's financial statements. ASU 2021-10 is effective for fiscal years, and interim periods within those fiscal years, beginning December 15, 2021 (April 1, 2022 for the Company), with early adoption permitted. We are currently evaluating the potential impact of adopting this guidance on our disclosures. Accounting for Contract Assets and Contract Liabilities In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers . Under this new standard, deferred revenue acquired in a business combination is measured pursuant to ASC 606 , Revenue from Contracts with Customers , rather than its assumed acquisition date fair value under the current guidance. ASU 2021-08 is effective for fiscal years, and interim periods within those fiscal years, beginning December 15, 2022 (April 1, 2023 for the Company), with early adoption permitted. However, adoption in an interim period other than the first fiscal quarter requires an entity to apply the new guidance to all prior business combinations that have occurred since the beginning of the annual period in which the new guidance is adopted. We expect to early adopt this update for our fiscal year 2023 on April 1, 2022. We are currently evaluating the potential impact of adopting this guidance on our Consolidated Financial Statements.

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	9 Months Ended
	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
REVENUE FROM CONTRACTS WITH CUSTOMERS	REVENUE FROM CONTRACTS WITH CUSTOMERS Disaggregation of revenue Timing of recognition Product revenue is primarily comprised of the portion of revenue from software products that is recognized when the customer takes control of the product (i.e., upon delivery of the software product). Service and other revenue is primarily comprised of revenue from game related services, virtual currency transactions, and in-game purchases which are recognized over an estimated service period. Net revenue by timing of recognition was as follows: Three Months Ended December 31, Nine Months Ended December 31, 2021 2020 2021 2020 Net revenue recognized: Service and other (over time) $ 604,587 $ 578,830 $ 1,847,250 $ 1,662,456 Product (point in time) 298,665 282,059 727,546 870,885 Total net revenue $ 903,252 $ 860,889 $ 2,574,796 $ 2,533,341 Content Recurrent consumer spending revenue is generated from ongoing consumer engagement and includes revenue from virtual currency, add-on content, and in-game purchases. Full game and other revenue primarily includes the initial sale of full game software products, which may include offline and/or significant game related services. Net revenue by content was as follows: Three Months Ended December 31, Nine Months Ended December 31, 2021 2020 2021 2020 Net revenue recognized: Recurrent consumer spending $ 547,788 $ 552,320 $ 1,683,703 $ 1,569,070 Full game and other 355,464 308,569 891,093 964,271 Total net revenue $ 903,252 $ 860,889 $ 2,574,796 $ 2,533,341 Geography We attribute net revenue to geographic regions based on software product destination. Net revenue by geographic region was as follows: Three Months Ended December 31, Nine Months Ended December 31, 2021 2020 2021 2020 Net revenue recognized: United States $ 534,869 $ 528,324 $ 1,542,975 $ 1,502,397 International 368,383 332,565 1,031,821 1,030,944 Total net revenue $ 903,252 $ 860,889 $ 2,574,796 $ 2,533,341 Platform Net revenue by platform was as follows: Three Months Ended December 31, Nine Months Ended December 31, 2021 2020 2021 2020 Net revenue recognized: Console $ 665,535 $ 656,079 $ 1,864,058 $ 1,909,033 PC and other 133,907 135,565 409,554 439,511 Mobile 103,810 69,245 301,184 184,797 Total net revenue $ 903,252 $ 860,889 $ 2,574,796 $ 2,533,341 Distribution channel Our products are delivered through digital online services (digital download, online platforms, and cloud streaming) and physical retail and other. Net revenue by distribution channel was as follows: Three Months Ended December 31, Nine Months Ended December 31, 2021 2020 2021 2020 Net revenue recognized: Digital online $ 795,715 $ 743,141 $ 2,315,618 $ 2,204,401 Physical retail and other 107,537 117,748 259,178 328,940 Total net revenue $ 903,252 $ 860,889 $ 2,574,796 $ 2,533,341 Deferred Revenue We record deferred revenue when payments are due or received in advance of the fulfillment of our associated performance obligations. Deferred revenue, including current and non-current balances as of December 31, 2021 and March 31, 2021 were $979,117 and $965,331, respectively. For the three months ended December 31, 2021, the additions to our deferred revenue balance were due primarily to cash payments received or due in advance of satisfying our performance obligations, while the reductions to our deferred revenue balance were due primarily to the recognition of revenue upon fulfillment of our performance obligations, both of which were in the ordinary course of business. During the three months ended December 31, 2021 and 2020, $121,324 and $109,713, respectively, of revenue was recognized that was included in the deferred revenue balance at the beginning of the respective period. During the nine months ended December 31, 2021 and 2020, $862,870 and $722,658, respectively, of revenue was recognized that was included in the deferred revenue balance at the beginning of the respective period. As of December 31, 2021, the aggregate amount of contract revenue allocated to unsatisfied performance obligations is $1,185,724, which includes our deferred revenue balances and amounts to be invoiced and recognized in future periods. We expect to recognize approximately $1,024,805 of this balance as revenue over the next 12 months, and the remainder thereafter. This balance does not include an estimate for variable consideration arising from sales-based royalty license revenue in excess of the contractual minimum guarantee. As of December 31, 2021 and March 31, 2021, our contract asset balances were $104,889 and $105,554, respectively, which are recorded within Prepaid expenses and other in our Condensed Consolidated Balance Sheets.

MANAGEMENT AGREEMENT

MANAGEMENT AGREEMENT	9 Months Ended
	Dec. 31, 2021
MANAGEMENT AGREEMENT
MANAGEMENT AGREEMENT	MANAGEMENT AGREEMENT In November 2017, we entered into a new management agreement (the "2017 Management Agreement"), with ZelnickMedia Corporation ("ZelnickMedia") that replaces our previous agreement with ZelnickMedia and pursuant to which ZelnickMedia provides financial and management consulting services to the Company through March 31, 2024. The 2017 Management Agreement became effective January 1, 2018. As part of the 2017 Management Agreement, Strauss Zelnick, the President of ZelnickMedia, continues to serve as Executive Chairman and Chief Executive Officer of the Company, and Karl Slatoff, a partner of ZelnickMedia, continues to serve as President of the Company. The 2017 Management Agreement provides for an annual management fee of $3,100 over the term of the agreement and a maximum annual bonus opportunity of $7,440 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 $3,446 and $2,655 during the three months ended December 31, 2021 and 2020, respectively, and $6,856 and $7,925 during the nine months ended December 31, 2021 and 2020, respectively. We recorded stock-based compensation expense for restricted stock units granted to ZelnickMedia, which is included in General and administrative expenses, of $7,365 and $6,887 during the three months ended December 31, 2021 and 2020, respectively, and $21,948 and $20,544 during the nine months ended December 31, 2021 and 2020, respectively. In connection with the 2017 Management Agreement, we have granted restricted stock units to ZelnickMedia as follows: Nine Months Ended December 31, 2021 2020 Time-based 51 79 Market-based (1) 93 145 Performance-based (1) IP 16 24 Recurrent Consumer Spending ("RCS") 16 24 Total Performance-based 32 48 Total Restricted Stock Units 176 272 ______________________________________________________________________________ (1) Represents the maximum number of shares eligible to vest. Time-based restricted stock units granted in fiscal year 2022 will vest on April 13, 2023, and those granted in fiscal year 2021 will vest on April 13, 2022, in each case provided that the 2017 Management Agreement has not been terminated prior to such vesting date. Market-based restricted stock units granted in fiscal year 2022 are eligible to vest on April 13, 2023, and those granted in fiscal year 2021 are eligible to vest on April 13, 2022, in each case provided that the 2017 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. Performance-based restricted stock units granted in fiscal year 2022 are eligible to vest on April 13, 2023, and those granted in fiscal year 2021 are eligible to vest on April 13, 2022, in each case provided that the 2017 Management Agreement has not been terminated prior to such vesting date. The performance-based restricted stock units, of which 50% are tied to "IP" and 50% to "RCS" (as defined in the relevant grant agreement), are eligible to vest based on the Company's achievement of certain performance metrics (as defined in the relevant grant agreement) of either individual product releases of "IP" or "RCS" 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 (the numbers in the table represent the maximum number of performance-based restricted stock units that may be earned). At the end of each reporting period, we assess the probability of each performance metric and upon determination that certain thresholds are probable, we record expense for the unvested portion of the shares of performance-based restricted stock units. The unvested portion of time-based, market-based and performance-based restricted stock units held by ZelnickMedia were 449 and 588 as of December 31, 2021 and March 31, 2021, respectively. During the three and nine months ended December 31, 2021, 315 restricted stock units previously granted to ZelnickMedia vested, and no restricted stock units were forfeited by ZelnickMedia.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Recurring fair value measurements The carrying amounts of our financial instruments, including cash and cash equivalents, restricted cash and cash equivalents, accounts receivable, prepaid expenses and other, accounts payable, and accrued expenses and other current liabilities, approximate fair value because of their short maturities. 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 and liabilities 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. December 31, 2021 Quoted prices Significant Significant Balance Sheet Classification Money market funds $ 475,950 $ 475,950 $ — $ — Cash and cash equivalents Bank-time deposits 115,000 115,000 — — Cash and cash equivalents Commercial paper 16,645 — 16,645 — Cash and cash equivalents Corporate bonds 9,826 — 9,826 — Cash and cash equivalents Corporate bonds 706,698 — 706,698 — Short-term investments Bank-time deposits 622,683 622,683 — — Short-term investments US Treasuries 35,711 35,711 — — Short-term investments Commercial paper 113,921 — 113,921 — Short-term investments Money market funds 264,018 264,018 — — Restricted cash and cash equivalents Bank-time deposits 521 521 — — Restricted cash and cash equivalents Money market funds 103,445 103,445 — — Long-term restricted cash and cash equivalents Private equity 12,160 — — 12,160 Other assets Foreign currency forward contracts (202) — (202) — Accrued expenses and other current liabilities Contingent earn-out consideration (57,941) — — (57,941) Accrued expenses and other current liabilities Contingent earn-out consideration (32,697) — — (32,697) Other long-term liabilities Total recurring fair value measurements, net $ 2,385,738 $ 1,617,328 $ 846,888 $ (78,478) March 31, 2021 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 $ 837,614 $ 837,614 $ — $ — Cash and cash equivalents Bank-time deposits 95,000 95,000 — — Cash and cash equivalents Commercial paper 100,105 — 100,105 — Cash and cash equivalents Corporate bonds — — — — Cash and cash equivalents Money market funds 528,659 528,659 — — Restricted cash and cash equivalents Bank-time deposits 563 563 — — Restricted cash and cash equivalents Corporate bonds 521,224 — 521,224 — Short-term investments Bank-time deposits 578,762 578,762 — — Short-term investments US Treasuries 60,086 60,086 — — Short-term investments Commercial paper 148,150 — 148,150 — Short-term investments Asset-backed securities 470 — 470 — Short-term investments Money market funds 98,541 98,541 — — Long-term restricted cash and cash equivalents Private equity 7,578 — — 7,578 Other assets Foreign currency forward contracts $ (125) $ — $ (125) $ — Accrued expenses and other current liabilities Total recurring fair value measurements, net $ 2,976,627 $ 2,199,225 $ 769,824 $ 7,578 In connection with the Nordeus acquisition (see Note 15 - Acquisitions ), we recorded $61,055 as the initial fair value of contingent earn-out consideration. The fair value was estimated using a Monte-Carlo simulation model, which included significant unobservable Level 3 inputs, such as projected financial performance over the earn-out period along with estimates for market volatility and the discount rate applicable to potential cash payouts. During the nine months ended December 31, 2021, we recognized General and administrative expense of $30,000 within our Condensed Consolidated Statements of Operations for the increase in fair value of the contingent earn-out consideration liability associated with the Nordeus acquisition, which increased the fair value of the contingent consideration liability to $90,638. The increase resulted from a higher probability of Nordeus achieving certain performance measures in the 12- and 24-month periods following the closing. We did not have any transfers between Level 1 and Level 2 fair value measurements, nor did we have any transfers into or out of Level 3 during the nine months ended December 31, 2021. Nonrecurring fair value measurements We hold equity investments in certain unconsolidated entities without a readily determinable fair value. These strategic investments represent less than a 20% ownership interest in each of the privately-held affiliates, and we do not maintain significant influence over or control of the entities. We have elected the practical expedient in Topic 321, Investments-Equity Securities , to measure these investments at cost less any impairment, adjusted for observable price changes, if any. Based on these considerations, we estimate that the carrying value of the acquired shares represents the fair value of the investment. At December 31, 2021, we held $20,000 of such investments in Other assets within our Condensed Consolidated Balance Sheet.

SHORT-TERM INVESTMENTS

SHORT-TERM INVESTMENTS	9 Months Ended
	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
SHORT-TERM INVESTMENTS	SHORT-TERM INVESTMENTS Our Short-term investments consisted of the following: December 31, 2021 Gross Cost or Gains Losses Fair Value Short-term investments Bank time deposits $ 622,683 $ — $ — $ 622,683 Available-for-sale securities: Corporate bonds 708,246 77 (1,625) 706,698 US Treasuries 35,709 2 — 35,711 Commercial paper 113,921 — — 113,921 Total Short-term investments $ 1,480,559 $ 79 $ (1,625) $ 1,479,013 March 31, 2021 Gross Cost or Gains Losses Fair Value Short-term investments Bank time deposits $ 578,762 $ — $ — $ 578,762 Available-for-sale securities: Corporate bonds 520,486 994 (256) 521,224 US Treasuries 60,029 57 — 60,086 Asset-backed securities 469 1 — 470 Commercial paper 148,149 1 — 148,150 Total Short-term investments $ 1,307,895 $ 1,053 $ (256) $ 1,308,692 The following table summarizes the contracted maturities of our short-term investments at December 31, 2021: December 31, 2021 Amortized Fair Short-term investments Due in 1 year or less $ 1,214,757 $ 1,214,427 Due in 1 - 2 years 265,802 264,586 Total Short-term investments $ 1,480,559 $ 1,479,013

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	9 Months Ended
	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES Our risk management strategy includes the use of derivative financial instruments to reduce the volatility associated with changes in foreign currency exchange rates on earnings, cash flows, and certain balance sheet amounts . We do not enter into derivative financial contracts for speculative or trading purposes. We recognize derivative instruments as either assets or liabilities on our Consolidated Balance Sheets, and we measure those instruments at fair value. We classify cash flows from derivative transactions as cash flows from operating activities in our Consolidated Statements of Cash Flows. Foreign currency forward contracts The following table shows the gross notional amounts of foreign currency forward contracts: December 31, 2021 March 31, 2021 Forward contracts to sell foreign currencies $ 173,127 $ 140,510 Forward contracts to purchase foreign currencies 96,953 92,123 For the three months ended December 31, 2021 and 2020, we recorded a gain of $4,107 and a loss of $5,832, respectively, and for the nine months ended December 31, 2021 and 2020 we recorded a gain of $2,881 and a loss of $9,518, respectively, related to foreign currency forward contracts in Interest and other, net in our Condensed Consolidated Statements of Operations. Our foreign currency exchange forward contracts are not designated as hedging instruments under hedge accounting. These instruments are generally short-term in nature, with typical maturities of less than one year, and are subject to fluctuations in foreign exchange rates.

INVENTORY

INVENTORY	9 Months Ended
	Dec. 31, 2021
Inventory Disclosure [Abstract]
INVENTORY	INVENTORY Inventory balances by category were as follows: December 31, 2021 March 31, 2021 Finished products $ 10,141 $ 16,941 Parts and supplies 1,537 801 Inventory $ 11,678 $ 17,742 Estimated product returns included in Inventory at December 31, 2021 and March 31, 2021 were $96 and $186, respectively.

SOFTWARE DEVELOPMENT COSTS AND

SOFTWARE DEVELOPMENT COSTS AND LICENSES	9 Months Ended
	Dec. 31, 2021
SOFTWARE DEVELOPMENT COSTS AND LICENSES
SOFTWARE DEVELOPMENT COSTS AND LICENSES	SOFTWARE DEVELOPMENT COSTS AND LICENSES Details of our capitalized software development costs and licenses were as follows: December 31, 2021 March 31, 2021 Current Non-current Current Non-current Software development costs, internally developed $ 42,921 $ 549,894 $ 22,225 $ 412,919 Software development costs, externally developed 34 164,739 7,349 75,086 Licenses 4,621 23,302 13,869 2,887 Software development costs and licenses $ 47,576 $ 737,935 $ 43,443 $ 490,892 During the three months ended December 31, 2021 and 2020, we recorded $640 and $5,532, respectively, of software development impairment charges (a component of Cost of goods sold). The impairment charges recorded during the three months ended December 31, 2021 and 2020 related to decisions not to proceed with further development of certain interactive entertainment software. During the nine months ended December 31, 2021 and 2020, we recorded $65,689 and $25,227, respectively, of software development impairment charges (a component of Cost of goods sold). The impairment charge recorded during the nine months ended December 31, 2021 related to (i) a decision not to proceed with further development of certain interactive entertainment software and (ii) recognizing unamortized capitalized costs for the development of a title, which were anticipated to exceed the net realizable value of the asset at the time they were impaired. The impairment charges recorded during the nine months ended December 31, 2020 related to unamortized capitalized costs for the development of a title, which were anticipated to exceed the net realizable value of the asset at the time they were impaired.

ACCRUED EXPENSES AND OTHER CURR

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	9 Months Ended
	Dec. 31, 2021
Liabilities, Current [Abstract]
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES Accrued expenses and other current liabilities consisted of the following: December 31, 2021 March 31, 2021 Software development royalties $ 471,986 $ 814,998 Compensation and benefits 177,651 122,404 Licenses 122,108 84,330 Deferred acquisition payments 66,328 13,343 Refund liability 56,886 53,361 Marketing and promotions 44,244 32,591 Other 87,043 83,063 Accrued expenses and other current liabilities $ 1,026,246 $ 1,204,090

DEBT

DEBT	9 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
DEBT	DEBT Credit Agreement On February 8, 2019, we entered into an unsecured Credit Agreement, and on June 28, 2021, we amended our unsecured Credit Agreement solely to increase the commitments under the facility by $50,000 (as amended, the “Credit Agreement”) that runs through February 8, 2024. The Credit Agreement provides for an unsecured five-year revolving credit facility with commitments of $250,000, including sublimits for (i) the issuance of letters of credit in an aggregate face amount of up to $25,000 and (ii) borrowings and letters of credit denominated in Pounds Sterling, Euros, and Canadian Dollars in an aggregate principal amount of up to $25,000. In addition, the Credit Agreement contains uncommitted incremental capacity permitting the incurrence of up to an additional $200,000 in term loans or revolving credit facilities. Loans under the Credit Agreement will bear interest at a rate of (a) 0.250% to 0.750% above a certain base rate (3.25% at December 31, 2021) or (b) 1.125% to 1.750% above LIBOR (approximately 0.10% at December 31, 2021), which rates are determined by reference to our consolidated total net leverage ratio. We had no outstanding borrowings at December 31, 2021. Information related to availability on our Credit Agreement was as follows: December 31, 2021 March 31, 2021 Available borrowings $ 247,682 $ 197,874 Outstanding letters of credit 2,318 2,126 We recorded interest expense and fees related to the Credit Agreement of $97 and $141 for the three months ended December 31, 2021 and 2020, respectively, and $354 and $305 for the nine months ended December 31, 2021 and 2020, respectively. The Credit Agreement also includes, among other terms and conditions, maximum leverage ratio, minimum cash reserves and, in certain circumstances, minimum interest coverage ratio financial covenants, as well as limitations on us and each of our subsidiaries’ ability to create, incur, assume or be liable for indebtedness; dispose of assets outside the ordinary course; acquire, merge or consolidate with or into another person or entity; create, incur or allow any lien on any of its property; make investments; or pay dividends or make distributions, in each case subject to certain exceptions. In addition, the Credit Agreement provides for certain events of default such as nonpayment of principal and interest when due thereunder, breaches of representations and warranties, noncompliance with covenants, acts of insolvency and default on indebtedness held by third parties (subject to certain limitations and cure periods).

EARNINGS PER SHARE ("EPS")

EARNINGS PER SHARE ("EPS")	9 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
EARNINGS PER SHARE ("EPS")	EARNINGS PER SHARE ("EPS") The following table sets forth the computation of basic and diluted earnings per share: Three Months Ended December 31, Nine Months Ended December 31, 2021 2020 2021 2020 Computation of Basic earnings per share: Net income $ 144,497 $ 182,248 $ 307,050 $ 370,074 Weighted average shares outstanding—basic 115,269 115,004 115,572 114,436 Basic earnings per share $ 1.25 $ 1.58 $ 2.66 $ 3.23 Computation of Diluted earnings per share: Net income $ 144,497 $ 182,248 $ 307,050 $ 370,074 Weighted average shares outstanding—basic 115,269 115,004 115,572 114,436 Add: dilutive effect of common stock equivalents 1,439 1,113 1,238 1,137 Weighted average common shares outstanding—diluted 116,708 116,117 116,810 115,573 Diluted earnings per share $ 1.24 $ 1.57 $ 2.63 $ 3.20 During the nine months ended December 31, 2021, 1,096 restricted stock awards vested, we granted 931 unvested restricted stock awards, and 66 unvested restricted stock awards were forfeited.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	9 Months Ended
	Dec. 31, 2021
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE LOSS	ACCUMULATED OTHER COMPREHENSIVE LOSS The following table provides the components of accumulated other comprehensive loss: Nine Months Ended December 31, 2021 Foreign Unrealized Total Balance at March 31, 2021 $ (9,282) $ 618 $ (8,664) Other comprehensive loss before reclassifications (24,096) (1,823) (25,919) Balance at December 31, 2021 $ (33,378) $ (1,205) $ (34,583) Nine Months Ended December 31, 2020 Foreign Unrealized Unrealized Unrealized Total Balance at March 31, 2020 $ (60,535) $ 600 $ 4,305 $ (2,746) $ (58,376) Other comprehensive income (loss) before reclassifications 53,697 — (2,972) 4,000 54,725 Amounts reclassified from accumulated other comprehensive loss — (600) (1,333) — (1,933) Balance at December 31, 2020 $ (6,838) $ — $ — $ 1,254 $ (5,584)

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES We have entered into various agreements in the ordinary course of business that require substantial cash commitments over the next several years. Other than agreements entered into in the ordinary course of business and in addition to the agreements requiring known cash commitments as reported in Note 15 to the Consolidated Financial Statements in our Annual Report on Form 10-K for the fiscal year ended March 31, 2021, we did not have any significant changes to our commitments since March 31, 2021. Legal and Other Proceedings We are, or may become, subject to demands and claims (including intellectual property and employment related 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 condition or results of operations. 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.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The provision for income taxes for the three months ended December 31, 2021 is based on our projected annual effective tax rate for fiscal year 2022, adjusted for specific items that are required to be recognized in the period in which they are incurred. The provision for income taxes was $7,642 for the three months ended December 31, 2021, as compared to $34,198 for the prior year period. When compared to the statutory rate of 21%, the effective tax rate of 5.0% for the three months ended December 31, 2021 was due primarily to excess tax benefits of $9,882 from employee stock-based compensation, tax benefits of $9,651 from tax credits, and a tax benefit of $7,205 related to the geographic mix of earnings. The provision for income taxes for the nine months ended December 31, 2021 is based on our projected annual effective tax rate for fiscal year 2022, adjusted for specific items that are required to be recognized in the period in which they are incurred. The provision for income taxes was $36,507 for the nine months ended December 31, 2021 as compared to $54,151 for the prior year period. When compared to the statutory rate of 21%, the effective tax rate of 10.6% for the nine months ended December 31, 2021 was due primarily to a tax benefit of $21,071 due to tax credits and excess tax benefits of $13,890 from employee stock- based compensation, offset by tax expense of $5,042 related to a nondeductible increase in fair value of the contingent consideration liability associated with the acquisition of Nordeus and by the geographic mix of earnings. We are regularly examined by domestic and foreign taxing authorities. Examinations may result in tax assessments in excess of amounts claimed and the payment of additional taxes. We believe our tax positions comply with applicable tax law, and that we have adequately provided for reasonably foreseeable tax assessments. It is possible that settlement of audits or the expiration of the statute of limitations may have an impact on our effective tax rate in future periods.

ACQUISITIONS

ACQUISITIONS	9 Months Ended
	Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS	ACQUISITIONS Nordeus Acquisition On June 1, 2021, we completed the acquisition of 94.5% of Nordeus Limited ("Nordeus"), a privately-held Irish holding company of a Belgrade, Serbia based free-to-play mobile game developer, for initial consideration of $120,488 in cash, 515 shares of our common stock, and a contingent earn-out consideration arrangement that requires us to pay up to an aggregate of $153,000 in cash if Nordeus achieves certain performance measures over the 12- and 24-month periods following the closing. The cash portion was funded from our cash on hand. In addition, we exercised our option to purchase the remaining 5.5% of the outstanding equity of Nordeus for cash consideration of $12,375, in September 2021. We acquired Nordeus as part of our ongoing strategy to expand selectively our portfolio of owned intellectual property and to diversify and strengthen further our mobile offerings. The acquisition-date fair value of the consideration totaled $289,774, which consisted of the following: Fair value of purchase consideration Cash, including call option exercise $ 132,863 Common stock (515 shares) 94,154 Contingent earn-out 61,055 Deferred payment 1,702 Total $ 289,774 The fair value of the contingent earn-out consideration arrangement at the acquisition date was $61,055. We estimated the fair value of the contingent earn-out consideration using a Monte Carlo simulation model. This fair value measurement is based on significant inputs not observable in the market and thus represents a Level 3 measurement as defined in ASC 820. (Refer to Note 4 - Fair Value Measurements .) During the three and nine months ended December 31, 2021 we recognized General and administrative expense of $10,000 and $30,000, respectively, within our Condensed Consolidated Statements of Operations for the increase in fair value of the contingent consideration liability associated with the acquisition of Nordeus. We reported $57,941 within Accrued expenses and $32,697 within Other long-term liabilities in our Condensed Consolidated Balance Sheet as of December 31, 2021. We used the acquisition method of accounting and recognized assets and liabilities at their fair value as of the date of acquisition, with the excess recorded to goodwill. The preliminary fair values of net tangible and intangible assets are management’s estimates based on the information available at the acquisition date and may change over the measurement period, which will end no later than one year from the acquisition date, as additional information is received. The following table summarizes the preliminary acquisition date fair value of net tangible and intangible assets acquired, net of liabilities assumed from Nordeus: Fair Value Weighted average useful life Cash acquired $ 22,566 N/A Other tangible assets 18,174 N/A Other liabilities assumed (63,283) N/A Intangible Assets Developed game technology 186,500 9 User base 3,200 1 Branding and trade names 3,200 8 Game engine technology 3,900 4 Goodwill 115,517 N/A Total $ 289,774 Goodwill, which is not deductible for U.S. income tax purposes, is primarily attributable to the assembled workforce of the acquired business and expected synergies at the time of the acquisition. The amounts of revenue and earnings of Nordeus included in our Condensed Consolidated Statement of Operations from the acquisition date are as follows: Three Months Ended December 31, 2021 Nine Months Ended December 31, 2021 Net revenue $ 16,777 $ 29,003 Net loss $ 10,676 $ 30,411 The following table summarizes the pro-forma consolidated results of operations (unaudited) for the three and nine months ended December 31, 2021 and 2020, as though the acquisition had occurred on April 1, 2020, the beginning of fiscal year 2021, and Nordeus had been included in our consolidated results for the entire periods subsequent to that date. Three Months Ended December 31, Nine Months Ended December 31, 2021 2020 2021 2020 Pro forma Net revenue $ 903,252 $ 868,261 $ 2,584,640 $ 2,562,560 Pro forma Net income $ 145,226 $ 170,297 $ 313,629 $ 359,176 The unaudited pro-forma consolidated results above are based on the historical financial statements of the Company and Nordeus and not necessarily indicative of the results of operations that would have been achieved if the acquisition was completed at the beginning of fiscal year 2021 and are not indicative of the future operating results of the combined company. The financial information for Nordeus prior to the acquisition has been included in the pro-forma results of operations and includes certain adjustments to the historical consolidated financial statements of Nordeus to align with our accounting policies. The pro-forma consolidated results of operations also include the business combination accounting effects resulting from the acquisition, including amortization expense related to finite-lived intangible assets acquired and the related tax effects assuming that the business combination occurred on April 1, 2020. Transaction costs of $34 and $4,986 for the three and nine months ended December 31, 2021, respectively, which have been recorded within General and administrative expense in our Condensed Consolidated Statements of Operations, have been excluded from the above pro-forma consolidated results of operations due to their non-recurring nature. Asset Acquisition In June 2021, we acquired two office buildings in the United Kingdom to use for office space for total cash consideration of $72,908. The transaction was treated as an asset acquisition, in which the cash consideration and direct transaction costs were allocated on a relative fair value basis to identified assets. The following table summarizes the acquisition date fair value of tangible assets, which are included within Fixed assets, net on our Condensed Consolidated Balance Sheets, and intangible assets, which are included within Intangible assets, net on our Condensed Consolidated Balance Sheets, acquired: Fair Value Weighted average useful life Building $ 31,104 30 Land 38,243 N/A Lease-in-place intangible asset 2,176 4 Total $ 71,523

SHARE REPURCHASE

SHARE REPURCHASE	9 Months Ended
	Dec. 31, 2021
Equity [Abstract]
SHARE REPURCHASE	SHARE REPURCHASE Our Board of Directors has authorized the repurchase of up to 21,660 shares of our common stock, including an increase of 7,442 shares in November 2021. Under this program, we may 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. Repurchases are subject to the availability of stock, prevailing market conditions, the trading price of the stock, our financial performance, and other conditions. The program does not require us to repurchase shares and may be suspended or discontinued at any time for any reason. During the three months ended December 31, 2021, we did not repurchase shares of our common stock in the open market. During the nine months ended December 31, 2021, we repurchased 1,260 shares of our common stock in the open market for $200,012, including commissions of $13, as part of the program. We have repurchased a total of 11,660 shares of our common stock under the program, and, as of December 31, 2021, 10,000 shares of our common stock remained available for repurchase under the share repurchase program. All of the repurchased shares are classified as Treasury stock in our Condensed Consolidated Balance Sheets.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS On January 9, 2022, we entered into a definitive merger agreement to acquire Zynga Inc. ("Zynga"), a leading developer of mobile games. Under the terms and subject to the conditions of the merger agreement, Zynga stockholders will receive $3.50 in cash and a number of shares of our common stock equal to the exchange ratio (ranging from 0.0350 to 0.0406, as further described below) for each share of Zynga common stock outstanding at the closing. The transaction is valued at $9.86 per share of Zynga common stock based on the market closing as of January 7, 2022, implying an enterprise value of $12.7 billion. The transaction includes a collar mechanism on the equity consideration, so that if our 20-day volume weighted average price ("VWAP") ending on the third trading day prior to closing is in a range from $156.50 to $181.88, the exchange ratio would be adjusted to deliver total consideration of $9.86 per Zynga share. If the VWAP exceeds the higher end of that range the exchange ratio would be 0.0350 per share and if the VWAP falls below the lower end of that range, the exchange ratio would be 0.0406 per share. As part of the transaction, we have received aggregate committed financing of $2.7 billion from J.P. Morgan and certain other lenders, and we intend to fund the cash component of the transaction through a combination of cash from our balance sheet as well as proceeds of new debt issuance.

BASIS OF PRESENTATION AND SIG_2

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
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 our opinion, 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 intercompany 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 ("U.S. GAAP") requires management to make estimates and assumptions that affect the amounts reported in these Condensed Consolidated Financial Statements and accompanying notes. As permitted under U.S. GAAP, interim accounting for certain expenses, including income taxes, are based on full year assumptions when appropriate. Actual results could differ materially from those estimates, including as a result of the COVID-19 pandemic, which may affect economic conditions in a number of different ways and result in uncertainty and risk. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been omitted pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"), 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 fiscal year ended March 31, 2021. Certain immaterial reclassifications have been made to prior period amounts to conform to the current period presentation.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements Accounting for Income Taxes In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes , which enhances and simplifies various aspects of the income tax accounting guidance, including requirements such as tax basis step-up in goodwill obtained in a transaction that is not a business combination, ownership changes in investments, and interim-period accounting for enacted changes in tax law. We adopted this update effective April 1, 2021. The adoption of this update did not have a material impact on our Condensed Consolidated Financial Statements. Recently Issued Accounting Pronouncements Accounting for Government Assistance In November 2021, the FASB issued ASU 2021-10, Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance , which requires annual disclosures that increase the transparency of transactions involving government grants, including (1) the types of transactions, (2) the accounting for those transactions, and (3) the effect of those transactions on any entity's financial statements. ASU 2021-10 is effective for fiscal years, and interim periods within those fiscal years, beginning December 15, 2021 (April 1, 2022 for the Company), with early adoption permitted. We are currently evaluating the potential impact of adopting this guidance on our disclosures. Accounting for Contract Assets and Contract Liabilities In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers . Under this new standard, deferred revenue acquired in a business combination is measured pursuant to ASC 606 , Revenue from Contracts with Customers , rather than its assumed acquisition date fair value under the current guidance. ASU 2021-08 is effective for fiscal years, and interim periods within those fiscal years, beginning December 15, 2022 (April 1, 2023 for the Company), with early adoption permitted. However, adoption in an interim period other than the first fiscal quarter requires an entity to apply the new guidance to all prior business combinations that have occurred since the beginning of the annual period in which the new guidance is adopted. We expect to early adopt this update for our fiscal year 2023 on April 1, 2022. We are currently evaluating the potential impact of adopting this guidance on our Consolidated Financial Statements.

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	9 Months Ended
	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	Net revenue by timing of recognition was as follows: Three Months Ended December 31, Nine Months Ended December 31, 2021 2020 2021 2020 Net revenue recognized: Service and other (over time) $ 604,587 $ 578,830 $ 1,847,250 $ 1,662,456 Product (point in time) 298,665 282,059 727,546 870,885 Total net revenue $ 903,252 $ 860,889 $ 2,574,796 $ 2,533,341 Net revenue by content was as follows: Three Months Ended December 31, Nine Months Ended December 31, 2021 2020 2021 2020 Net revenue recognized: Recurrent consumer spending $ 547,788 $ 552,320 $ 1,683,703 $ 1,569,070 Full game and other 355,464 308,569 891,093 964,271 Total net revenue $ 903,252 $ 860,889 $ 2,574,796 $ 2,533,341 Net revenue by platform was as follows: Three Months Ended December 31, Nine Months Ended December 31, 2021 2020 2021 2020 Net revenue recognized: Console $ 665,535 $ 656,079 $ 1,864,058 $ 1,909,033 PC and other 133,907 135,565 409,554 439,511 Mobile 103,810 69,245 301,184 184,797 Total net revenue $ 903,252 $ 860,889 $ 2,574,796 $ 2,533,341 Net revenue by distribution channel was as follows: Three Months Ended December 31, Nine Months Ended December 31, 2021 2020 2021 2020 Net revenue recognized: Digital online $ 795,715 $ 743,141 $ 2,315,618 $ 2,204,401 Physical retail and other 107,537 117,748 259,178 328,940 Total net revenue $ 903,252 $ 860,889 $ 2,574,796 $ 2,533,341
Net Revenue by Geographic Region	We attribute net revenue to geographic regions based on software product destination. Net revenue by geographic region was as follows: Three Months Ended December 31, Nine Months Ended December 31, 2021 2020 2021 2020 Net revenue recognized: United States $ 534,869 $ 528,324 $ 1,542,975 $ 1,502,397 International 368,383 332,565 1,031,821 1,030,944 Total net revenue $ 903,252 $ 860,889 $ 2,574,796 $ 2,533,341

MANAGEMENT AGREEMENT (Tables)

MANAGEMENT AGREEMENT (Tables)	9 Months Ended
	Dec. 31, 2021
MANAGEMENT AGREEMENT
Schedule of Restricted Stock Units Granted	In connection with the 2017 Management Agreement, we have granted restricted stock units to ZelnickMedia as follows: Nine Months Ended December 31, 2021 2020 Time-based 51 79 Market-based (1) 93 145 Performance-based (1) IP 16 24 Recurrent Consumer Spending ("RCS") 16 24 Total Performance-based 32 48 Total Restricted Stock Units 176 272 ______________________________________________________________________________ (1) Represents the maximum number of shares eligible to vest.

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Segregation of All Assets and Liabilities Measured at Fair Value on a Recurring Basis	The table below segregates all assets and liabilities 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. December 31, 2021 Quoted prices Significant Significant Balance Sheet Classification Money market funds $ 475,950 $ 475,950 $ — $ — Cash and cash equivalents Bank-time deposits 115,000 115,000 — — Cash and cash equivalents Commercial paper 16,645 — 16,645 — Cash and cash equivalents Corporate bonds 9,826 — 9,826 — Cash and cash equivalents Corporate bonds 706,698 — 706,698 — Short-term investments Bank-time deposits 622,683 622,683 — — Short-term investments US Treasuries 35,711 35,711 — — Short-term investments Commercial paper 113,921 — 113,921 — Short-term investments Money market funds 264,018 264,018 — — Restricted cash and cash equivalents Bank-time deposits 521 521 — — Restricted cash and cash equivalents Money market funds 103,445 103,445 — — Long-term restricted cash and cash equivalents Private equity 12,160 — — 12,160 Other assets Foreign currency forward contracts (202) — (202) — Accrued expenses and other current liabilities Contingent earn-out consideration (57,941) — — (57,941) Accrued expenses and other current liabilities Contingent earn-out consideration (32,697) — — (32,697) Other long-term liabilities Total recurring fair value measurements, net $ 2,385,738 $ 1,617,328 $ 846,888 $ (78,478) March 31, 2021 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 $ 837,614 $ 837,614 $ — $ — Cash and cash equivalents Bank-time deposits 95,000 95,000 — — Cash and cash equivalents Commercial paper 100,105 — 100,105 — Cash and cash equivalents Corporate bonds — — — — Cash and cash equivalents Money market funds 528,659 528,659 — — Restricted cash and cash equivalents Bank-time deposits 563 563 — — Restricted cash and cash equivalents Corporate bonds 521,224 — 521,224 — Short-term investments Bank-time deposits 578,762 578,762 — — Short-term investments US Treasuries 60,086 60,086 — — Short-term investments Commercial paper 148,150 — 148,150 — Short-term investments Asset-backed securities 470 — 470 — Short-term investments Money market funds 98,541 98,541 — — Long-term restricted cash and cash equivalents Private equity 7,578 — — 7,578 Other assets Foreign currency forward contracts $ (125) $ — $ (125) $ — Accrued expenses and other current liabilities Total recurring fair value measurements, net $ 2,976,627 $ 2,199,225 $ 769,824 $ 7,578

SHORT-TERM INVESTMENTS (Tables)

SHORT-TERM INVESTMENTS (Tables)	9 Months Ended
	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Schedule of Short-Term Investments	Our Short-term investments consisted of the following: December 31, 2021 Gross Cost or Gains Losses Fair Value Short-term investments Bank time deposits $ 622,683 $ — $ — $ 622,683 Available-for-sale securities: Corporate bonds 708,246 77 (1,625) 706,698 US Treasuries 35,709 2 — 35,711 Commercial paper 113,921 — — 113,921 Total Short-term investments $ 1,480,559 $ 79 $ (1,625) $ 1,479,013 March 31, 2021 Gross Cost or Gains Losses Fair Value Short-term investments Bank time deposits $ 578,762 $ — $ — $ 578,762 Available-for-sale securities: Corporate bonds 520,486 994 (256) 521,224 US Treasuries 60,029 57 — 60,086 Asset-backed securities 469 1 — 470 Commercial paper 148,149 1 — 148,150 Total Short-term investments $ 1,307,895 $ 1,053 $ (256) $ 1,308,692
Summary of the Contracted Maturities of Short-Term Investments	The following table summarizes the contracted maturities of our short-term investments at December 31, 2021: December 31, 2021 Amortized Fair Short-term investments Due in 1 year or less $ 1,214,757 $ 1,214,427 Due in 1 - 2 years 265,802 264,586 Total Short-term investments $ 1,480,559 $ 1,479,013

DERIVATIVE INSTRUMENTS AND HE_2

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	9 Months Ended
	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Gross Notional Amounts of Foreign Currency Forward Contracts	The following table shows the gross notional amounts of foreign currency forward contracts: December 31, 2021 March 31, 2021 Forward contracts to sell foreign currencies $ 173,127 $ 140,510 Forward contracts to purchase foreign currencies 96,953 92,123

INVENTORY (Tables)

INVENTORY (Tables)	9 Months Ended
	Dec. 31, 2021
Inventory Disclosure [Abstract]
Schedule of Inventory Balances by Category	Inventory balances by category were as follows: December 31, 2021 March 31, 2021 Finished products $ 10,141 $ 16,941 Parts and supplies 1,537 801 Inventory $ 11,678 $ 17,742

SOFTWARE DEVELOPMENT COSTS AN_2

SOFTWARE DEVELOPMENT COSTS AND LICENSES (Tables)	9 Months Ended
	Dec. 31, 2021
SOFTWARE DEVELOPMENT COSTS AND LICENSES
Schedule of Capitalized Software Development Costs and Licenses	Details of our capitalized software development costs and licenses were as follows: December 31, 2021 March 31, 2021 Current Non-current Current Non-current Software development costs, internally developed $ 42,921 $ 549,894 $ 22,225 $ 412,919 Software development costs, externally developed 34 164,739 7,349 75,086 Licenses 4,621 23,302 13,869 2,887 Software development costs and licenses $ 47,576 $ 737,935 $ 43,443 $ 490,892

ACCRUED EXPENSES AND OTHER CU_2

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)	9 Months Ended
	Dec. 31, 2021
Liabilities, Current [Abstract]
Schedule of Components of Accrued Expenses and Other Current Liabilities	Accrued expenses and other current liabilities consisted of the following: December 31, 2021 March 31, 2021 Software development royalties $ 471,986 $ 814,998 Compensation and benefits 177,651 122,404 Licenses 122,108 84,330 Deferred acquisition payments 66,328 13,343 Refund liability 56,886 53,361 Marketing and promotions 44,244 32,591 Other 87,043 83,063 Accrued expenses and other current liabilities $ 1,026,246 $ 1,204,090

DEBT (Tables)

DEBT (Tables)	9 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Schedule of Information Related to Availability on Credit Agreement	Information related to availability on our Credit Agreement was as follows: December 31, 2021 March 31, 2021 Available borrowings $ 247,682 $ 197,874 Outstanding letters of credit 2,318 2,126

EARNINGS PER SHARE ("EPS") (Tab

EARNINGS PER SHARE ("EPS") (Tables)	9 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted EPS	The following table sets forth the computation of basic and diluted earnings per share: Three Months Ended December 31, Nine Months Ended December 31, 2021 2020 2021 2020 Computation of Basic earnings per share: Net income $ 144,497 $ 182,248 $ 307,050 $ 370,074 Weighted average shares outstanding—basic 115,269 115,004 115,572 114,436 Basic earnings per share $ 1.25 $ 1.58 $ 2.66 $ 3.23 Computation of Diluted earnings per share: Net income $ 144,497 $ 182,248 $ 307,050 $ 370,074 Weighted average shares outstanding—basic 115,269 115,004 115,572 114,436 Add: dilutive effect of common stock equivalents 1,439 1,113 1,238 1,137 Weighted average common shares outstanding—diluted 116,708 116,117 116,810 115,573 Diluted earnings per share $ 1.24 $ 1.57 $ 2.63 $ 3.20

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	9 Months Ended
	Dec. 31, 2021
Equity [Abstract]
Schedule of Components of Accumulated Other Comprehensive Loss	The following table provides the components of accumulated other comprehensive loss: Nine Months Ended December 31, 2021 Foreign Unrealized Total Balance at March 31, 2021 $ (9,282) $ 618 $ (8,664) Other comprehensive loss before reclassifications (24,096) (1,823) (25,919) Balance at December 31, 2021 $ (33,378) $ (1,205) $ (34,583) Nine Months Ended December 31, 2020 Foreign Unrealized Unrealized Unrealized Total Balance at March 31, 2020 $ (60,535) $ 600 $ 4,305 $ (2,746) $ (58,376) Other comprehensive income (loss) before reclassifications 53,697 — (2,972) 4,000 54,725 Amounts reclassified from accumulated other comprehensive loss — (600) (1,333) — (1,933) Balance at December 31, 2020 $ (6,838) $ — $ — $ 1,254 $ (5,584)

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	9 Months Ended
	Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Schedule of Business Acquisitions, by Acquisition	The acquisition-date fair value of the consideration totaled $289,774, which consisted of the following: Fair value of purchase consideration Cash, including call option exercise $ 132,863 Common stock (515 shares) 94,154 Contingent earn-out 61,055 Deferred payment 1,702 Total $ 289,774
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the preliminary acquisition date fair value of net tangible and intangible assets acquired, net of liabilities assumed from Nordeus: Fair Value Weighted average useful life Cash acquired $ 22,566 N/A Other tangible assets 18,174 N/A Other liabilities assumed (63,283) N/A Intangible Assets Developed game technology 186,500 9 User base 3,200 1 Branding and trade names 3,200 8 Game engine technology 3,900 4 Goodwill 115,517 N/A Total $ 289,774
Business Acquisition, Pro Forma Information	The amounts of revenue and earnings of Nordeus included in our Condensed Consolidated Statement of Operations from the acquisition date are as follows: Three Months Ended December 31, 2021 Nine Months Ended December 31, 2021 Net revenue $ 16,777 $ 29,003 Net loss $ 10,676 $ 30,411 The following table summarizes the pro-forma consolidated results of operations (unaudited) for the three and nine months ended December 31, 2021 and 2020, as though the acquisition had occurred on April 1, 2020, the beginning of fiscal year 2021, and Nordeus had been included in our consolidated results for the entire periods subsequent to that date. Three Months Ended December 31, Nine Months Ended December 31, 2021 2020 2021 2020 Pro forma Net revenue $ 903,252 $ 868,261 $ 2,584,640 $ 2,562,560 Pro forma Net income $ 145,226 $ 170,297 $ 313,629 $ 359,176
Schedule of Asset Acquisition	The following table summarizes the acquisition date fair value of tangible assets, which are included within Fixed assets, net on our Condensed Consolidated Balance Sheets, and intangible assets, which are included within Intangible assets, net on our Condensed Consolidated Balance Sheets, acquired: Fair Value Weighted average useful life Building $ 31,104 30 Land 38,243 N/A Lease-in-place intangible asset 2,176 4 Total $ 71,523

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS - Disaggregated Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Revenue from External Customer [Line Items]
Total net revenue	$ 903,252	$ 860,889	$ 2,574,796	$ 2,533,341
Service and other (over time)
Revenue from External Customer [Line Items]
Total net revenue	604,587	578,830	1,847,250	1,662,456
Product (point in time)
Revenue from External Customer [Line Items]
Total net revenue	298,665	282,059	727,546	870,885
Recurrent consumer spending
Revenue from External Customer [Line Items]
Total net revenue	547,788	552,320	1,683,703	1,569,070
Full game and other
Revenue from External Customer [Line Items]
Total net revenue	355,464	308,569	891,093	964,271
Console
Revenue from External Customer [Line Items]
Total net revenue	665,535	656,079	1,864,058	1,909,033
PC and other
Revenue from External Customer [Line Items]
Total net revenue	133,907	135,565	409,554	439,511
Mobile
Revenue from External Customer [Line Items]
Total net revenue	103,810	69,245	301,184	184,797
Digital online
Revenue from External Customer [Line Items]
Total net revenue	795,715	743,141	2,315,618	2,204,401
Physical retail and other
Revenue from External Customer [Line Items]
Total net revenue	$ 107,537	$ 117,748	$ 259,178	$ 328,940

REVENUE FROM CONTRACTS WITH C_4

REVENUE FROM CONTRACTS WITH CUSTOMERS - Geographical (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Total net revenue	$ 903,252	$ 860,889	$ 2,574,796	$ 2,533,341
United States
Disaggregation of Revenue [Line Items]
Total net revenue	534,869	528,324	1,542,975	1,502,397
International
Disaggregation of Revenue [Line Items]
Total net revenue	$ 368,383	$ 332,565	$ 1,031,821	$ 1,030,944

REVENUE FROM CONTRACTS WITH C_5

REVENUE FROM CONTRACTS WITH CUSTOMERS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Mar. 31, 2021
Revenue from Contract with Customer [Abstract]
Contract with liability	$ 979,117		$ 979,117		$ 965,331
Contract with liability recognized	121,324	$ 109,713	862,870	$ 722,658
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining obligation	1,185,724		1,185,724
Contract asset	104,889		104,889		$ 105,554
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining obligation	$ 1,024,805		$ 1,024,805
Remaining obligation period	12 months		12 months

MANAGEMENT AGREEMENT (Details)

MANAGEMENT AGREEMENT (Details) - USD ($) shares in Thousands, $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Nov. 30, 2017	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Mar. 31, 2021
Restricted stock units
Management Agreement
Stock-based compensation expense for non-employee awards		$ 7,365	$ 6,887	$ 21,948	$ 20,544
2017 Management Agreement | Restricted Stock Awards
Management Agreement
Vested (in shares)		315		315
Forfeited (in shares)		0		0
2017 Management Agreement | Maximum | Market-based Restricted Stock
Management Agreement
Vesting requirement for market-based restricted stock				75.00%
Zelnick Media Corporation
Management Agreement
Consulting expense benefit		$ 3,446	$ 2,655	$ 6,856	$ 7,925
Zelnick Media Corporation | 2017 Management Agreement
Management Agreement
Annual management fee	$ 3,100
Measurement period				2 years
Zelnick Media Corporation | 2017 Management Agreement | Time-based
Management Agreement
Granted (in shares)				51	79
Zelnick Media Corporation | 2017 Management Agreement | Market-based
Management Agreement
Granted (in shares)				93	145
Zelnick Media Corporation | 2017 Management Agreement | Performance-based
Management Agreement
Granted (in shares)				32	48
Percentage of grants earned				50.00%
Zelnick Media Corporation | 2017 Management Agreement | IP
Management Agreement
Granted (in shares)				16	24
Zelnick Media Corporation | 2017 Management Agreement | Recurrent Consumer Spending ("RCS")
Management Agreement
Granted (in shares)				16	24
Zelnick Media Corporation | 2017 Management Agreement | Restricted stock units
Management Agreement
Granted (in shares)				176	272
Unvested portion of the shares of restricted stock granted (in shares)		449		449		588
Zelnick Media Corporation | 2017 Management Agreement | Market-based Restricted Stock
Management Agreement
Vesting requirement for market-based restricted stock				50.00%
Zelnick Media Corporation | 2017 Management Agreement | Maximum
Management Agreement
Bonus per fiscal year based on the achievement of certain performance thresholds	$ 7,440

FAIR VALUE MEASUREMENTS - Recur

FAIR VALUE MEASUREMENTS - Recurring Fair Value Measurements (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Mar. 31, 2021
Assets measured at fair value on a recurring basis
Short-term investments	$ 1,479,013	$ 1,308,692
Contingent earn-out consideration	(57,941)
Contingent earn-out consideration	(32,697)
Total recurring fair value measurements, net	2,385,738	2,976,627
Money market funds
Assets measured at fair value on a recurring basis
Cash and cash equivalents	475,950	837,614
Restricted cash and cash equivalents	264,018	528,659
Long-term restricted cash and cash equivalents	103,445	98,541
Bank-time deposits
Assets measured at fair value on a recurring basis
Cash and cash equivalents	115,000	95,000
Short-term investments	622,683	578,762
Restricted cash and cash equivalents	521	563
Commercial paper
Assets measured at fair value on a recurring basis
Cash and cash equivalents	16,645	100,105
Short-term investments	113,921	148,150
Corporate bonds
Assets measured at fair value on a recurring basis
Cash and cash equivalents	9,826	0
Short-term investments	706,698	521,224
US Treasuries
Assets measured at fair value on a recurring basis
Short-term investments	35,711	60,086
Asset-backed securities
Assets measured at fair value on a recurring basis
Short-term investments		470
Private equity
Assets measured at fair value on a recurring basis
Private equity	12,160	7,578
Foreign currency forward contracts
Assets measured at fair value on a recurring basis
Foreign currency forward contracts	(202)	(125)
Quoted prices in active markets for identical assets (level 1)
Assets measured at fair value on a recurring basis
Contingent earn-out consideration	0
Contingent earn-out consideration	0
Total recurring fair value measurements, net	1,617,328	2,199,225
Quoted prices in active markets for identical assets (level 1) | Money market funds
Assets measured at fair value on a recurring basis
Cash and cash equivalents	475,950	837,614
Restricted cash and cash equivalents	264,018	528,659
Long-term restricted cash and cash equivalents	103,445	98,541
Quoted prices in active markets for identical assets (level 1) | Bank-time deposits
Assets measured at fair value on a recurring basis
Cash and cash equivalents	115,000	95,000
Short-term investments	622,683	578,762
Restricted cash and cash equivalents	521	563
Quoted prices in active markets for identical assets (level 1) | Commercial paper
Assets measured at fair value on a recurring basis
Cash and cash equivalents	0	0
Short-term investments	0	0
Quoted prices in active markets for identical assets (level 1) | Corporate bonds
Assets measured at fair value on a recurring basis
Cash and cash equivalents	0	0
Short-term investments	0	0
Quoted prices in active markets for identical assets (level 1) | US Treasuries
Assets measured at fair value on a recurring basis
Short-term investments	35,711	60,086
Quoted prices in active markets for identical assets (level 1) | Asset-backed securities
Assets measured at fair value on a recurring basis
Short-term investments		0
Quoted prices in active markets for identical assets (level 1) | Private equity
Assets measured at fair value on a recurring basis
Private equity	0	0
Quoted prices in active markets for identical assets (level 1) | Foreign currency forward contracts
Assets measured at fair value on a recurring basis
Foreign currency forward contracts	0	0
Significant other observable inputs (level 2)
Assets measured at fair value on a recurring basis
Contingent earn-out consideration	0
Contingent earn-out consideration	0
Total recurring fair value measurements, net	846,888	769,824
Significant other observable inputs (level 2) | Money market funds
Assets measured at fair value on a recurring basis
Cash and cash equivalents	0	0
Restricted cash and cash equivalents	0	0
Long-term restricted cash and cash equivalents	0	0
Significant other observable inputs (level 2) | Bank-time deposits
Assets measured at fair value on a recurring basis
Cash and cash equivalents	0	0
Short-term investments	0	0
Restricted cash and cash equivalents	0	0
Significant other observable inputs (level 2) | Commercial paper
Assets measured at fair value on a recurring basis
Cash and cash equivalents	16,645	100,105
Short-term investments	113,921	148,150
Significant other observable inputs (level 2) | Corporate bonds
Assets measured at fair value on a recurring basis
Cash and cash equivalents	9,826	0
Short-term investments	706,698	521,224
Significant other observable inputs (level 2) | US Treasuries
Assets measured at fair value on a recurring basis
Short-term investments	0	0
Significant other observable inputs (level 2) | Asset-backed securities
Assets measured at fair value on a recurring basis
Short-term investments		470
Significant other observable inputs (level 2) | Private equity
Assets measured at fair value on a recurring basis
Private equity	0	0
Significant other observable inputs (level 2) | Foreign currency forward contracts
Assets measured at fair value on a recurring basis
Foreign currency forward contracts	(202)	(125)
Significant unobservable inputs (level 3)
Assets measured at fair value on a recurring basis
Contingent earn-out consideration	(57,941)
Contingent earn-out consideration	(32,697)
Total recurring fair value measurements, net	(78,478)	7,578
Significant unobservable inputs (level 3) | Money market funds
Assets measured at fair value on a recurring basis
Cash and cash equivalents	0	0
Restricted cash and cash equivalents	0	0
Long-term restricted cash and cash equivalents	0	0
Significant unobservable inputs (level 3) | Bank-time deposits
Assets measured at fair value on a recurring basis
Cash and cash equivalents	0	0
Short-term investments	0	0
Restricted cash and cash equivalents	0	0
Significant unobservable inputs (level 3) | Commercial paper
Assets measured at fair value on a recurring basis
Cash and cash equivalents	0	0
Short-term investments	0	0
Significant unobservable inputs (level 3) | Corporate bonds
Assets measured at fair value on a recurring basis
Cash and cash equivalents	0	0
Short-term investments	0	0
Significant unobservable inputs (level 3) | US Treasuries
Assets measured at fair value on a recurring basis
Short-term investments	0	0
Significant unobservable inputs (level 3) | Asset-backed securities
Assets measured at fair value on a recurring basis
Short-term investments		0
Significant unobservable inputs (level 3) | Private equity
Assets measured at fair value on a recurring basis
Private equity	12,160	7,578
Significant unobservable inputs (level 3) | Foreign currency forward contracts
Assets measured at fair value on a recurring basis
Foreign currency forward contracts	$ 0	$ 0

FAIR VALUE MEASUREMENTS - Narra

FAIR VALUE MEASUREMENTS - Narrative (Details) - USD ($) $ in Thousands	Jun. 01, 2021	Dec. 31, 2021	Dec. 31, 2021	Dec. 31, 2021
Assets measured at fair value on a recurring basis
Investments in other assets		$ 20,000	$ 20,000	$ 20,000
Nordeus Limited
Assets measured at fair value on a recurring basis
Contingent earn-out			61,055
Contingent consideration liability, increase		10,000		30,000
Contingent consideration liability		$ (90,638)	$ (90,638)	$ (90,638)
Nordeus Limited | Performance Period One
Assets measured at fair value on a recurring basis
Performance period	12 months
Nordeus Limited | Performance Period Two
Assets measured at fair value on a recurring basis
Performance period	24 months

SHORT-TERM INVESTMENTS - Schedu

SHORT-TERM INVESTMENTS - Schedule of Short-Term Investments (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Mar. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Cost or Amortized Cost	$ 1,480,559	$ 1,307,895
Gross Unrealized Gains	79	1,053
Gross Unrealized Losses	(1,625)	(256)
Fair Value	1,479,013	1,308,692
Bank-time deposits
Debt Securities, Available-for-sale [Line Items]
Cost or Amortized Cost	622,683	578,762
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	622,683	578,762
Corporate bonds
Debt Securities, Available-for-sale [Line Items]
Cost or Amortized Cost	708,246	520,486
Gross Unrealized Gains	77	994
Gross Unrealized Losses	(1,625)	(256)
Fair Value	706,698	521,224
US Treasuries
Debt Securities, Available-for-sale [Line Items]
Cost or Amortized Cost	35,709	60,029
Gross Unrealized Gains	2	57
Gross Unrealized Losses	0	0
Fair Value	35,711	60,086
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Cost or Amortized Cost		469
Gross Unrealized Gains		1
Gross Unrealized Losses		0
Fair Value		470
Commercial paper
Debt Securities, Available-for-sale [Line Items]
Cost or Amortized Cost	113,921	148,149
Gross Unrealized Gains	0	1
Gross Unrealized Losses	0	0
Fair Value	$ 113,921	$ 148,150

SHORT-TERM INVESTMENTS - Contra

SHORT-TERM INVESTMENTS - Contracted Maturities of Short-Term Investments (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Mar. 31, 2021
Debt Securities, Available-for-sale, Maturity, Amortized Cost, Rolling Maturity [Abstract]
Amortized cost, Due in 1 year or less	$ 1,214,757
Amortized cost, Due in 1-2 years	265,802
Cost or Amortized Cost	1,480,559	$ 1,307,895
Debt Securities, Available-for-sale, Maturity, Fair Value, Rolling Maturity [Abstract]
Fair value, Due in 1 year or less	1,214,427
Fair value, Due in 1-2 years	264,586
Total fair value	$ 1,479,013	$ 1,308,692

DERIVATIVE INSTRUMENTS AND HE_3

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Mar. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Forward contracts to sell foreign currencies	$ 173,127		$ 173,127		$ 140,510
Forward contracts to purchase foreign currencies	96,953		96,953		$ 92,123
Derivative instrument not designated as hedging instruments, gain (loss), net	$ 4,107	$ (5,832)	$ 2,881	$ (9,518)

INVENTORY (Details)

INVENTORY (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Mar. 31, 2021
Inventory Disclosure [Abstract]
Finished products	$ 10,141	$ 16,941
Parts and supplies	1,537	801
Inventory	11,678	17,742
Estimated product returns included in inventory	$ 96	$ 186

SOFTWARE DEVELOPMENT COSTS AN_3

SOFTWARE DEVELOPMENT COSTS AND LICENSES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Mar. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Software development costs and licenses, Current	$ 47,576		$ 47,576		$ 43,443
Software development costs and licenses, Non-current	737,935		737,935		490,892
Impairment of software development costs and licenses	640	$ 5,532	65,689	$ 25,227
Software development costs, internally developed
Finite-Lived Intangible Assets [Line Items]
Software development costs and licenses, Current	42,921		42,921		22,225
Software development costs and licenses, Non-current	549,894		549,894		412,919
Software development costs, externally developed
Finite-Lived Intangible Assets [Line Items]
Software development costs and licenses, Current	34		34		7,349
Software development costs and licenses, Non-current	164,739		164,739		75,086
Licenses
Finite-Lived Intangible Assets [Line Items]
Software development costs and licenses, Current	4,621		4,621		13,869
Software development costs and licenses, Non-current	$ 23,302		$ 23,302		$ 2,887

ACCRUED EXPENSES AND OTHER CU_3

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Mar. 31, 2021
Liabilities, Current [Abstract]
Software development royalties	$ 471,986	$ 814,998
Compensation and benefits	177,651	122,404
Licenses	122,108	84,330
Deferred acquisition payments	66,328	13,343
Refund liability	56,886	53,361
Marketing and promotions	44,244	32,591
Other	87,043	83,063
Accrued expenses and other current liabilities	$ 1,026,246	$ 1,204,090

DEBT (Details)

DEBT (Details) - USD ($) $ in Thousands	Jun. 28, 2021	Feb. 08, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Mar. 31, 2021
Credit Agreement
Credit Agreement
Increase in borrowing capacity	$ 50,000
Debt term		5 years
Maximum borrowing capacity		$ 250,000
Amount of additional borrowings by which maximum borrowing capacity may be increased		200,000
Available borrowings			$ 247,682		$ 247,682		$ 197,874
Outstanding letters of credit			2,318		2,318		$ 2,126
Interest expense and fees			97	$ 141	354	$ 305
Letter of Credit
Credit Agreement
Maximum borrowing capacity		$ 25,000
New Credit Agreement
Credit Agreement
Outstanding borrowings			$ 0		$ 0
New Credit Agreement | Base rate
Credit Agreement
Interest rate at end of period			3.25%		3.25%
New Credit Agreement | Base rate | Minimum
Credit Agreement
Interest rate added to base rate					0.25%
New Credit Agreement | Base rate | Maximum
Credit Agreement
Interest rate added to base rate					0.75%
New Credit Agreement | LIBOR
Credit Agreement
Interest rate at end of period			0.10%		0.10%
New Credit Agreement | LIBOR | Minimum
Credit Agreement
Interest rate added to base rate					1.125%
New Credit Agreement | LIBOR | Maximum
Credit Agreement
Interest rate added to base rate					1.75%

EARNINGS PER SHARE ("EPS") - Sc

EARNINGS PER SHARE ("EPS") - Schedule of Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Computation of Basic earnings per share:
Net income	$ 144,497	$ 182,248	$ 307,050	$ 370,074
Weighted average shares outstanding—basic (in shares)	115,269	115,004	115,572	114,436
Basic earnings per share (in dollars per share)	$ 1.25	$ 1.58	$ 2.66	$ 3.23
Computation of Diluted earnings per share:
Net income	$ 144,497	$ 182,248	$ 307,050	$ 370,074
Weighted average shares outstanding—basic (in shares)	115,269	115,004	115,572	114,436
Add: dilutive effect of common stock equivalents (in shares)	1,439	1,113	1,238	1,137
Weighted average common shares outstanding—diluted (in shares)	116,708	116,117	116,810	115,573
Diluted earnings per share (in dollars per share)	$ 1.24	$ 1.57	$ 2.63	$ 3.20

EARNINGS PER SHARE ("EPS") - Na

EARNINGS PER SHARE ("EPS") - Narrative (Details) - Restricted stock shares in Thousands	9 Months Ended
	Dec. 31, 2021shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Restricted stock awards, vested (in shares)	1,096
Restricted stock awards, granted (in shares)	931
Restricted stock awards, canceled (in shares)	66

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Changes in accumulated other comprehensive loss
Beginning balance	$ 3,331,892
Other comprehensive income (loss) before reclassifications	(25,919)	$ 54,725
Amounts reclassified from accumulated other comprehensive loss		(1,933)
Ending balance	3,665,737
Total
Changes in accumulated other comprehensive loss
Beginning balance	(8,664)	(58,376)
Ending balance	(34,583)	(5,584)
Foreign currency translation adjustments
Changes in accumulated other comprehensive loss
Beginning balance	(9,282)	(60,535)
Other comprehensive income (loss) before reclassifications	(24,096)	53,697
Amounts reclassified from accumulated other comprehensive loss		0
Ending balance	(33,378)	(6,838)
Unrealized gain (loss) on derivative instruments
Changes in accumulated other comprehensive loss
Beginning balance		600
Other comprehensive income (loss) before reclassifications		0
Amounts reclassified from accumulated other comprehensive loss		(600)
Ending balance		0
Unrealized gain (loss) on cross-currency swap
Changes in accumulated other comprehensive loss
Beginning balance		4,305
Other comprehensive income (loss) before reclassifications		(2,972)
Amounts reclassified from accumulated other comprehensive loss		(1,333)
Ending balance		0
Unrealized gain (loss) on available-for- sales securities
Changes in accumulated other comprehensive loss
Beginning balance	618	(2,746)
Other comprehensive income (loss) before reclassifications	(1,823)	4,000
Amounts reclassified from accumulated other comprehensive loss		0
Ending balance	$ (1,205)	$ 1,254

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 7,642	$ 34,198	$ 36,507	$ 54,151
Effective rate	5.00%		10.60%
Income tax rate reconciliation, employee stock-based compensation, benefit	$ 9,882		$ 13,890
Income tax rate reconciliation, nondeductible increase in fair value of contingent consideration liability, expense (benefit)	(9,651)		5,042
Income tax rate reconciliation, geographic mix of earnings, benefit	$ 7,205
Income tax rate reconciliation, tax credit			$ 21,071

ACQUISITIONS - Narrative (Detai

ACQUISITIONS - Narrative (Details) $ in Thousands	Jun. 01, 2021USD ($)	Sep. 30, 2021USD ($)	Jun. 30, 2021USD ($)office_building	Dec. 31, 2021USD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Business Acquisition [Line Items]
Cash paid for business acquisition						$ 157,291	$ 79,525
Contingent consideration, current				$ 57,941	$ 57,941	57,941
Contingent consideration, noncurrent				32,697	32,697	32,697
United Kingdom Office Space Asset Acquisition
Business Acquisition [Line Items]
Number of office buildings acquired | office_building			2
Cash consideration			$ 72,908
Nordeus Limited
Business Acquisition [Line Items]
Percentage of noncontrolling interest	5.50%
Nordeus Limited
Business Acquisition [Line Items]
Business acquisition, percentage of voting interests acquired	94.50%
Cash paid for business acquisition	$ 120,488
Business combination, contingent consideration arrangements, range of outcomes, value, high	$ 153,000
Call option		$ 12,375
Consideration					289,774
Contingent earn-out					$ 61,055
Contingent consideration liability, increase				10,000		30,000
Transaction costs				$ 34		$ 4,986
Nordeus Limited | Performance Period One
Business Acquisition [Line Items]
Performance period	12 months
Nordeus Limited | Performance Period Two
Business Acquisition [Line Items]
Performance period	24 months

ACQUISITIONS - Schedule of Cons

ACQUISITIONS - Schedule of Consideration at Fair Value (Details) - Nordeus Limited - USD ($) shares in Thousands, $ in Thousands	Jun. 01, 2021	Dec. 31, 2021
Business Acquisition [Line Items]
Cash, including call option exercise		$ 132,863
Common stock (515 shares)		94,154
Contingent earn-out		61,055
Deferred payment		1,702
Total		$ 289,774
Common Stock
Business Acquisition [Line Items]
Issuance of common stock in connection with acquisition (in shares)	515

ACQUISITIONS - Schedule of Asse

ACQUISITIONS - Schedule of Assets and Liabilities Assumed (Details) - USD ($) $ in Thousands	Jun. 01, 2021	Dec. 31, 2021	Mar. 31, 2021
Business Acquisition [Line Items]
Goodwill		$ 679,997	$ 535,306
Nordeus Limited
Business Acquisition [Line Items]
Cash acquired	$ 22,566
Other tangible assets	18,174
Other liabilities assumed	(63,283)
Goodwill	115,517
Total	289,774
Nordeus Limited | Developed game technology
Business Acquisition [Line Items]
Intangible assets, excluding goodwill	$ 186,500
Weighted average useful life	9 years
Nordeus Limited | User base
Business Acquisition [Line Items]
Intangible assets, excluding goodwill	$ 3,200
Weighted average useful life	1 year
Nordeus Limited | Branding and trade names
Business Acquisition [Line Items]
Intangible assets, excluding goodwill	$ 3,200
Weighted average useful life	8 years
Nordeus Limited | Game engine technology
Business Acquisition [Line Items]
Intangible assets, excluding goodwill	$ 3,900
Weighted average useful life	4 years

ACQUISITIONS - Schedule of Reve

ACQUISITIONS - Schedule of Revenue and Earnings Included in Statement of Operations (Details) - Nordeus Limited - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Dec. 31, 2021	Dec. 31, 2021
Business Acquisition [Line Items]
Net revenue	$ 16,777	$ 29,003
Net loss	$ 10,676	$ 30,411

ACQUISITIONS - Schedule of Pro

ACQUISITIONS - Schedule of Pro Forma Information (Details) - Nordeus Limited - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Pro forma Net revenue	$ 903,252	$ 868,261	$ 2,584,640	$ 2,562,560
Pro forma Net income	$ 145,226	$ 170,297	$ 313,629	$ 359,176

ACQUISITIONS - Schedule of As_2

ACQUISITIONS - Schedule of Asset Acquisition (Details) - United Kingdom Office Space Asset Acquisition $ in Thousands	1 Months Ended
	Jun. 30, 2021USD ($)
Asset Acquisition [Line Items]
Lease-in-place intangible asset	$ 2,176
Total	$ 71,523
Weighted average useful life	4 years
Building
Asset Acquisition [Line Items]
Property, plant and equipment, additions	$ 31,104
Weighted average useful life	30 years
Land
Asset Acquisition [Line Items]
Property, plant and equipment, additions	$ 38,243

SHARE REPURCHASE (Details)

SHARE REPURCHASE (Details) - USD ($) shares in Thousands, $ in Thousands	9 Months Ended
	Dec. 31, 2021	Nov. 30, 2021
Equity, Class of Treasury Stock [Line Items]
Repurchased common stock	$ 200,012
Share Repurchase Program | Common Stock
Equity, Class of Treasury Stock [Line Items]
Number of shares authorized to be repurchased (in shares)		21,660
Number of additional shares authorized to be repurchased (in shares)		7,442
Repurchased common stock (in shares)	1,260
Repurchased common stock	$ 200,012
Commissions	$ 13
Shares repurchased under the share repurchase program (in shares)	11,660
Number of shares of common stock remaining available for repurchase under the entity's share repurchase authorization (in shares)	10,000

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($) $ / shares in Units, $ in Thousands	Jan. 09, 2022	Dec. 31, 2021	Dec. 31, 2020
Subsequent event
Cash, including call option exercise		$ 157,291	$ 79,525
Subsequent Event | Zynga Inc
Subsequent event
Cash consideration, per share (in dollars per share)	$ 3.50
Consideration transferred per share (in dollars per share)	$ 9.86
Cash, including call option exercise	$ 12,700,000
Period of volume weighted average	20 days
Committed financing	$ 2,700,000
Subsequent Event | Zynga Inc | VWAP Exceeds The Range
Subsequent event
Exchange ratio (in shares)	0.0350
Subsequent Event | Zynga Inc | VWAP Falls Below The Range
Subsequent event
Exchange ratio (in shares)	0.0406
Subsequent Event | Zynga Inc | Minimum
Subsequent event
Volume weighted average price (in dollars per share)	$ 156.50
Subsequent Event | Zynga Inc | Maximum
Subsequent event
Volume weighted average price (in dollars per share)	$ 181.88