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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Total revenue $ 755,936   $ 1,450,120  
Operating expenses        
Cost of operations (exclusive of depreciation and amortization below) 326,653   645,195  
Research and development 54,052   109,787  
Sales, marketing, general and administrative 171,606 $ 1,138 337,080 $ 1,389
Customer postage 50,023   95,795  
Depreciation and amortization 146,869   285,409  
Accretion and changes in estimate with related parties, net 3,564 48,363 9,459 48,363
Gain on sale of businesses (176)   (28,270)  
Total operating expenses 752,591 49,501 1,454,455 49,752
Operating income (loss) 3,345 (49,501) (4,335) (49,752)
Non-operating (income) expense        
Interest expense, net 61,627   124,294  
Contingent consideration (550)   (3,000)  
Loss on extinguishment of debt 1,489   1,489  
Loss from Equity Method Investment in the Joint Venture   56,179   95,732
(Gain) loss on forward purchase contracts   2,435   2,435
Other, net (3,211) (560) 1,047 (664)
Total non-operating (income) expense 59,355 58,054 123,830 97,503
Income (loss) before income tax provision (benefit) (56,010) (107,555) (128,165) (147,255)
Income tax provision (benefit) (13,388) (13,620) (26,849) (15,804)
Net income (loss) $ (42,622) $ (93,935) $ (101,316) $ (131,451)
Net income (loss) per share:        
Basic and diluted $ (0.13) $ (0.66) $ (0.32) $ (1.20)
Weighted average common shares outstanding:        
Basic and diluted 320,638,116 142,223,836 320,347,128 109,111,853
Solutions [Member]        
Total revenue $ 705,913   $ 1,354,325  
Postage [Member]        
Total revenue $ 50,023   $ 95,795