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Consolidated Statements of Stockholders' Equity - USD ($)
$ in Thousands
Subsidiaries
Total Virtusa Stockholders' Equity
Subsidiaries
Additional Paid In Capital
Subsidiaries
Redeemable Noncontrolling Interest
Subsidiaries
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, 2017         $ 497,032 $ 318 $ (9,652) $ 305,387 $ 240,728 $ (39,749) $ 87,984   $ 585,016
Balance (in shares) at Mar. 31, 2017           31,762,214 (1,856,703)            
Increase (Decrease) in Stockholders' Equity                          
Proceeds from the exercise of stock options $ 1,837 $ 1,837   $ 1,837 4,063 $ 3   4,060         4,063
Proceeds from the exercise of stock options (in shares)           322,317              
Restricted stock awards vested           $ 4   (4)          
Restricted stock awards vested (in shares)           384,561              
Restricted stock awards withheld for tax         (7,173)     (7,173)         (7,173)
Share-based compensation         27,230     27,230         27,230
Repurchase of common stock         (30,000)   $ (30,000)           (30,000)
Repurchase of common stock (in shares)             (1,023,296)            
Subsidiary share-based compensation         181     181         181
Other                     (42)   (42)
Purchase of Polaris additional noncontrolling interest, net of transactions costs         (70,906)     (70,906)     (76,120)   (147,026)
Series A Convertible Preferred Stock dividends and accretion         (3,963)       (3,963)       (3,963)
Other comprehensive income (loss)         (932)         (932) (2,056)    
Other comprehensive income (loss)                         (2,988)
Net income         1,254       1,254       1,254
Net income                     7,694   (7,694)
Net income                         8,948
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 $ 259 $ 259 $ 54 $ 259 1,019 $ 1   1,018         1,019
Proceeds from the exercise of stock options (in shares)           101,618              
Restricted stock awards vested           $ 4   (4)          
Restricted stock awards vested (in shares)           442,065              
Restricted stock awards withheld for tax         (12,094)     (12,094)         (12,094)
Share-based compensation         27,892     27,892         27,892
Subsidiary share-based compensation         34     34         34
Reclassification of previously recognized stock compensation related to liabilities classified awards for Polaris to liabilities         (619)     (619)         (619)
Cumulative effect of adopting ASC Topic 606, net of tax         464       464       464
Other         (115)     (115)     (290)   (405)
Adjustments of redeemable noncontrolling interest to redemption value         (37,779)     (37,779)     (16,450) $ 55,508 (54,229)
Purchase of redeemable noncontrolling interest related to Polaris                       (31,979) 31,979
Foreign currency translation on redeemable noncontrolling interest                       (1,051)  
Series A Convertible Preferred Stock dividends and accretion         (4,350)       (4,350)       (4,350)
Other comprehensive income (loss)         (18,706)         (18,706) (1,466) 245  
Other comprehensive income (loss)                         (20,172)
Net income         16,146       16,146       16,146
Net income                     746 799 (1,545)
Net income                         16,892
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         468     468       16 $ 468
Proceeds from the exercise of stock options (in shares)           31,830              
Restricted stock awards vested           $ 5   (5)          
Restricted stock awards vested (in shares)           473,784              
Restricted stock awards withheld for tax         (10,544)     (10,544)         (10,544)
Share-based compensation         15,683     15,683         15,683
Repurchase of common stock         (18,680)   $ (18,680)           $ (18,680)
Repurchase of common stock (in shares)             (505,565)           (505,565)
Adjustments of redeemable noncontrolling interest to redemption value         44     44       262 $ 44
Purchase of redeemable noncontrolling interest related to Polaris                       (8,674)  
Reclassification of noncontrolling interest from temporary equity to permanent equity                     15,093 (15,093) 15,093
Reclassification of noncontrolling interest from permanent equity to liability.                     (13,564)   (13,564)
Adjustments for reclassification of noncontrolling interest         2,012     2,012     (2,049)   (37)
Foreign currency translation on redeemable noncontrolling interest                       (417)  
Series A Convertible Preferred Stock dividends and accretion         (4,350)       (4,350)       (4,350)
Other comprehensive income (loss)         (25,868)         (25,868) 256 144  
Other comprehensive income (loss)                         (25,612)
Net income         47,902       47,902       47,902
Net income                     $ 264 $ 186 (450)
Net income                         48,166
Balance at Mar. 31, 2020         $ 397,441 $ 335 $ (58,332) $ 246,862 $ 293,831 $ (85,255)     $ 397,441
Balance (in shares) at Mar. 31, 2020           33,518,389 (3,385,564)           30,132,825