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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Total revenue $ 826,764 $ 755,936 $ 1,694,620 $ 1,450,120
Operating expenses        
Cost of operations (exclusive of depreciation and amortization below) 346,632 326,653 698,695 645,195
Research and development 67,070 54,052 138,310 109,787
Sales, marketing, general and administrative 183,041 171,606 360,997 337,080
Customer postage 52,550 50,023 103,758 95,795
Depreciation and amortization 163,469 146,869 331,681 285,409
Accretion and changes in estimate with related parties, net 2,870 3,564 5,907 9,459
Gain on sale of businesses   (176)   (28,270)
Total operating expenses 815,632 752,591 1,639,348 1,454,455
Operating income (loss) 11,132 3,345 55,272 (4,335)
Non-operating (income) expense        
Interest expense, net 59,466 61,627 118,852 124,294
Loss on extinguishment of debt 2,232 1,489 2,232 1,489
Other, net 2,587 (3,761) (605) (1,953)
Total non-operating (income) expense 64,285 59,355 120,479 123,830
Income (loss) before income tax provision (benefit) (53,153) (56,010) (65,207) (128,165)
Income tax provision (benefit) (16,749) (13,388) (25,198) (26,849)
Net income (loss) $ (36,404) $ (42,622) $ (40,009) $ (101,316)
Net income (loss) per share:        
Basic and diluted $ (0.11) $ (0.13) $ (0.12) $ (0.32)
Weighted average common shares outstanding:        
Basic and diluted 324,060,460 320,638,116 323,309,280 320,347,128
Solutions [Member]        
Total revenue $ 774,214 $ 705,913 $ 1,590,862 $ 1,354,325
Postage [Member]        
Total revenue $ 52,550 $ 50,023 $ 103,758 $ 95,795