XML 57 R42.htm IDEA: XBRL DOCUMENT v3.20.4
Segment Reporting (Tables)
9 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Revenue and Adjusted EBITDA for each Reportable Segment





 

 

 

 

 

 



 

Three Months Ended

 

Nine Months Ended



 

December 31, 2020

 

December 31, 2020

Segment Revenue

 

 

 

 

 

 

Software and Analytics

 

$

372,212 

 

$

1,118,661 

Network Solutions

 

 

192,588 

 

 

519,509 

Technology-Enabled Services

 

 

222,514 

 

 

642,037 

Postage and Eliminations (1)

 

 

22,006 

 

 

73,142 

Purchase Accounting Adjustment (2)

 

 

(24,179)

 

 

(118,088)

Net Revenue

 

$

785,141 

 

$

2,235,261 

Segment Adjusted EBITDA

 

 

 

 

 

 

Software and Analytics

 

$

120,779 

 

$

382,103 

Network Solutions

 

 

103,847 

 

 

268,858 

Technology-Enabled Services

 

 

8,798 

 

 

11,158 

Adjusted EBITDA

 

$

233,424 

 

$

662,119 



 

 

 

 

 

 

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

 

 

 

 

 

 

Income (loss) before income tax provision (benefit)

 

$

(2,366)

 

$

(130,531)

Amortization of capitalized software developed for sale

 

 

460 

 

 

550 

Depreciation and amortization

 

 

151,143 

 

 

436,552 

Interest expense

 

 

61,439 

 

 

185,733 

Equity compensation

 

 

10,944 

 

 

34,858 

Acquisition accounting adjustments

 

 

20,601 

 

 

103,826 

Acquisition and divestiture-related costs

 

 

2,661 

 

 

10,119 

Integration and related costs

 

 

9,688 

 

 

27,581 

Strategic initiatives, duplicative and transition costs

 

 

4,324 

 

 

13,169 

Severance costs

 

 

2,591 

 

 

10,467 

Accretion and changes in estimate, net

 

 

(2,759)

 

 

8,429 

Impairment of long-lived assets and other

 

 

658 

 

 

14,418 

Gain on sale of businesses

 

 

(32,217)

 

 

(60,487)

Contingent consideration

 

 

 —

 

 

(3,000)

Loss on extinguishment of debt

 

 

6,145 

 

 

7,634 

Other non-routine, net

 

 

112 

 

 

2,801 

Adjusted EBITDA

 

$

233,424 

 

$

662,119 



(1)

Revenue for the Postage and Eliminations segment includes postage revenue of $49,877 and $145,672 for the three and nine months ended December  31, 2020, respectively.

(2)

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