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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2018
Total revenue $ 196,792    
Operating expenses      
Sales, marketing, general and administrative 39,893 $ 1,159 $ 180
Cost of operations (exclusive of depreciation and amortization below) 71,435    
Research and development 11,559    
Customer postage 12,631    
Depreciation and amortization 30,838    
Accretion and changes in estimate with related parties, net 15,823    
Tax Receivable Agreement charges 164,633    
Goodwill impairment charge 561,164    
Total operating expenses 907,976 1,159 180
Operating income (loss) (711,184) (1,159) (180)
Non-operating (income) expense      
Loss from Equity Method Investment in the Joint Venture 380,713 70,487 58,680
(Gain) Loss on sale of interests in the Joint Venture   (661) (14)
Management fee income (1,108) (378) (180)
Interest expense, net 16,652    
(Gain) loss on other investments (15,881)    
Other, net (709)    
Total non-operating (income) expense 379,667 69,448 58,486
Income (loss) before income tax provision (benefit) (1,090,851) (70,607) (58,666)
Income tax provision (benefit) (143,254) (18,595) (119,621)
Net income (loss) $ (947,597) $ (52,012) $ 60,955
Net income (loss) per share:      
Basic $ (6.92) $ (0.69) $ 0.81
Diluted $ (6.92) $ (0.69) $ 0.78
Weighted average common shares outstanding:      
Basic 136,996,624 75,513,130 75,590,613
Diluted 136,996,624 75,513,130 77,801,096
Solutions [Member]      
Total revenue $ 184,161    
Postage [Member]      
Total revenue $ 12,631