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Consolidated Statements of Stockholders' Equity - USD ($)
$ in Thousands
Total Virtusa Stockholders' Equity
Common Stock
Treasury Stock
Additional Paid In Capital
Retained Earnings
Accumulated Other Comprehensive Income
Non-controlling interest
Redeemable Noncontrolling Interest
Total
Balance at Mar. 31, 2018 $ 418,623 $ 325 $ (39,652) $ 260,612 $ 238,019 $ (40,681) $ 17,460   $ 436,083
Balance (in shares) at Mar. 31, 2018   32,469,092 (2,879,999)            
Increase (Decrease) in Stockholders' Equity                  
Proceeds from the exercise of stock options 294     294         294
Proceeds from the exercise of stock options (in shares)   33,173              
Proceeds from the exercise of subsidiary stock options 196     196         196
Restricted stock awards vested   $ 1   (1)          
Restricted stock awards vested (in shares)   95,432              
Restricted stock awards withheld for tax (2,450)     (2,450)         (2,450)
Share-based compensation 7,908     7,908         7,908
Subsidiary share-based compensation 30     30         30
Cumulative effect of adopting ASC Topic 606, net of tax 464       464       464
Series A Convertible Preferred Stock dividends and accretion (1,087)       (1,087)       (1,087)
Other comprehensive income (loss) (13,060)                
Other comprehensive income (loss)           (13,060) (1,466)   (14,526)
Net income (loss) (6,296)       (6,296)        
Net income             731    
Net income (loss)                 (5,565)
Balance at Jun. 30, 2018 404,622 $ 326 $ (39,652) 266,589 231,100 (53,741) 16,725   421,347
Balance (in shares) at Jun. 30, 2018   32,597,697 (2,879,999)            
Balance at Mar. 31, 2018 418,623 $ 325 $ (39,652) 260,612 238,019 (40,681) 17,460   436,083
Balance (in shares) at Mar. 31, 2018   32,469,092 (2,879,999)            
Increase (Decrease) in Stockholders' Equity                  
Purchase of redeemable noncontrolling interest related to Polaris                 28,396
Net income (loss)                 (4,791)
Net income                 (1,186)
Balance at Sep. 30, 2018 359,156 $ 328 $ (39,652) 231,196 231,517 (64,233) 275 $ 24,614 359,431
Balance (in shares) at Sep. 30, 2018   32,769,705 (2,879,999)            
Balance at Jun. 30, 2018 404,622 $ 326 $ (39,652) 266,589 231,100 (53,741) 16,725   421,347
Balance (in shares) at Jun. 30, 2018   32,597,697 (2,879,999)            
Increase (Decrease) in Stockholders' Equity                  
Proceeds from the exercise of stock options 134     134         134
Proceeds from the exercise of stock options (in shares)   9,918              
Proceeds from the exercise of subsidiary stock options 64     64         64
Restricted stock awards vested   $ 2   (2)       3  
Restricted stock awards vested (in shares)   162,090              
Restricted stock awards withheld for tax (5,152)     (5,152)         (5,152)
Share-based compensation 8,022     8,022         8,022
Reclassification of previously recognized stock compensation related to liabilities classified awards for Polaris to liabilities (617)     (617)         (617)
Adjustments of redeemable noncontrolling interest to redemption value (37,842)     (37,842)     (16,450) 54,850 (54,292)
Purchase of redeemable noncontrolling interest related to Polaris               (28,395)  
Foreign currency translation on redeemable noncontrolling interest               (2,045)  
Series A Convertible Preferred Stock dividends and accretion (1,088)       (1,088)       (1,088)
Other comprehensive income (loss) (10,492)         (10,492)     (10,492)
Other comprehensive income (loss)               (255)  
Net income (loss) 1,505       1,505       1,505
Net income               456 (455)
Balance at Sep. 30, 2018 359,156 $ 328 $ (39,652) 231,196 231,517 (64,233) 275 24,614 359,431
Balance (in shares) at Sep. 30, 2018   32,769,705 (2,879,999)            
Balance at Mar. 31, 2019 390,774 $ 330 $ (39,652) 239,204 250,279 (59,387)   23,576 $ 390,774
Balance (in shares) at Mar. 31, 2019   33,012,775 (2,879,999)           30,132,776
Increase (Decrease) in Stockholders' Equity                  
Proceeds from the exercise of stock options 194     194       8 $ 194
Proceeds from the exercise of stock options (in shares)   13,416              
Restricted stock awards vested   $ 1   (1)          
Restricted stock awards vested (in shares)   96,763              
Restricted stock awards withheld for tax (2,011)     (2,011)         (2,011)
Share-based compensation 6,674     6,674         6,674
Adjustments of redeemable noncontrolling interest to redemption value 18     18       170 18
Purchase of redeemable noncontrolling interest related to Polaris               (5,549)  
Foreign currency translation on redeemable noncontrolling interest               116  
Series A Convertible Preferred Stock dividends and accretion (1,087)       (1,087)       (1,087)
Other comprehensive income (loss) (1,194)         (1,194)      
Other comprehensive income (loss)               144 (1,194)
Net income (loss) 5,834       5,834       5,834
Net income               186  
Balance at Jun. 30, 2019 399,202 $ 331 $ (39,652) 244,078 255,026 (60,581)   18,651 399,202
Balance (in shares) at Jun. 30, 2019   33,122,954 (2,879,999)            
Balance at Mar. 31, 2019 390,774 $ 330 $ (39,652) 239,204 250,279 (59,387)   23,576 $ 390,774
Balance (in shares) at Mar. 31, 2019   33,012,775 (2,879,999)           30,132,776
Increase (Decrease) in Stockholders' Equity                  
Repurchase of common stock (in shares)                 (505,565)
Purchase of redeemable noncontrolling interest related to Polaris                 $ 8,675
Net income (loss)                 12,936
Net income                 (332)
Balance at Sep. 30, 2019 382,269 $ 332 $ (58,332) 248,284 261,040 (69,055) 15,128   $ 397,397
Balance (in shares) at Sep. 30, 2019   33,224,132 (3,385,564)           29,838,568
Balance at Jun. 30, 2019 399,202 $ 331 $ (39,652) 244,078 255,026 (60,581)   18,651 $ 399,202
Balance (in shares) at Jun. 30, 2019   33,122,954 (2,879,999)            
Increase (Decrease) in Stockholders' Equity                  
Restricted stock awards vested   $ 1   (1)          
Restricted stock awards vested (in shares)   101,178              
Restricted stock awards withheld for tax (1,647)     (1,647)         (1,647)
Share-based compensation 5,829     5,829         5,829
Repurchase of common stock (18,680)   $ (18,680)           (18,680)
Repurchase of common stock (in shares)     (505,565)            
Adjustments of redeemable noncontrolling interest to redemption value 25     25       101 25
Purchase of redeemable noncontrolling interest related to Polaris               (3,126)  
Foreign currency translation on redeemable noncontrolling interest               (533)  
Reclassification of noncontrolling interest from temporary equity to permanent equity             15,093 $ (15,093) 15,093
Series A Convertible Preferred Stock dividends and accretion (1,088)       (1,088)       (1,088)
Other comprehensive income (loss) (8,474)         (8,474)      
Other comprehensive income (loss)             (111)   (8,585)
Net income (loss) 7,102       7,102   146   7,102
Net income                 (146)
Net income (loss)                 7,248
Balance at Sep. 30, 2019 $ 382,269 $ 332 $ (58,332) $ 248,284 $ 261,040 $ (69,055) $ 15,128   $ 397,397
Balance (in shares) at Sep. 30, 2019   33,224,132 (3,385,564)           29,838,568