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Segment Reporting (Tables)
6 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Revenue and Adjusted EBITDA for each Reportable Segment





 

 

 

 

 

 



 

Three Months Ended

 

Six Months Ended



 

September 30, 2020

 

September 30, 2020

Segment Revenue

 

 

 

 

 

 

Software and Analytics

 

$

354,860 

 

$

746,449 

Network Solutions

 

 

184,095 

 

 

326,921 

Technology-Enabled Services

 

 

231,817 

 

 

419,523 

Postage and Eliminations (1)

 

 

24,073 

 

 

51,136 

Purchase Accounting Adjustment (2)

 

 

(38,909)

 

 

(93,909)

Net Revenue

 

$

755,936 

 

$

1,450,120 

Segment Adjusted EBITDA

 

 

 

 

 

 

Software and Analytics

 

$

117,393 

 

$

261,325 

Network Solutions

 

 

94,508 

 

 

165,011 

Technology-Enabled Services

 

 

19,940 

 

 

2,360 

Adjusted EBITDA

 

$

231,841 

 

$

428,696 



 

 

 

 

 

 

Reconciliation of income (loss) before tax provision (benefit) to Adjusted EBITDA

 

 

 

 

 

 

Income (loss) before income tax provision (benefit)

 

$

(56,010)

 

$

(128,165)

Amortization of capitalized software developed for sale

 

 

12 

 

 

89 

Depreciation and amortization

 

 

146,869 

 

 

285,409 

Interest expense

 

 

61,627 

 

 

124,294 

Equity compensation

 

 

14,331 

 

 

23,914 

Acquisition accounting adjustments

 

 

34,686 

 

 

83,225 

Acquisition and divestiture-related costs

 

 

2,337 

 

 

7,458 

Integration and related costs

 

 

7,536 

 

 

17,894 

Strategic initiatives, duplicative and transition costs

 

 

3,765 

 

 

8,845 

Severance costs

 

 

3,172 

 

 

7,876 

Accretion and changes in estimate, net

 

 

5,293 

 

 

11,188 

Impairment of long-lived assets and other

 

 

7,447 

 

 

13,760 

Gain on sale of businesses

 

 

(176)

 

 

(28,270)

Contingent consideration

 

 

(550)

 

 

(3,000)

Loss on Extinguishment of Debt

 

 

1,489 

 

 

1,489 

Other non-routine, net

 

 

13 

 

 

2,690 

Adjusted EBITDA

 

$

231,841 

 

$

428,696 



(1)

Revenue for the Postage and Eliminations segment includes postage revenue of $50,023 and $95,795 for the three and six months ended September 30, 2020, respectively.

(2)

Amount reflects the impact to deferred revenue resulting from the Merger which reduced revenue recognized during the period.