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Segment Reporting (Tables)
6 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Revenue and Adjusted EBITDA for each Reportable Segment

Three Months Ended

Six Months Ended

September 30,

September 30,

2021

2020

2021

2020

Segment Revenue

Software and Analytics

$

363,423

$

354,860

$

783,740

$

746,449

Network Solutions

215,600

184,095

425,061

326,921

Technology-Enabled Services

231,928

231,817

457,450

419,523

Postage and Eliminations (1)

19,091

24,073

36,109

51,136

Purchase Accounting Adjustment (2)

(3,278)

(38,909)

(7,740)

(93,909)

Net Revenue

$

826,764

$

755,936

$

1,694,620

$

1,450,120

Segment Adjusted EBITDA

Software and Analytics

$

112,318

$

117,393

$

272,683

$

261,325

Network Solutions

112,986

94,508

222,474

165,011

Technology-Enabled Services

21,158

19,940

34,033

2,360

Adjusted EBITDA

$

246,462

$

231,841

$

529,190

$

428,696

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

Income (loss) before income tax provision (benefit)

$

(53,153)

$

(56,010)

$

(65,207)

$

(128,165)

Amortization of capitalized software developed for sale

859

12

1,576

89

Depreciation and amortization

163,469

146,869

331,681

285,409

Interest expense

59,466

61,627

118,852

124,294

Equity compensation

23,745

14,331

49,911

23,914

Acquisition accounting adjustments

(1,653)

34,686

(2,212)

83,225

Acquisition and divestiture-related costs

13,765

2,337

20,159

7,458

Integration and related costs

5,933

7,536

17,301

17,894

Strategic initiatives, duplicative and transition costs

14,644

3,765

24,572

8,845

Severance costs

7,303

3,172

12,023

7,876

Accretion and changes in estimate, net

4,355

5,293

9,087

11,188

Impairment of long-lived assets and other

81

7,447

1,692

13,760

Loss on extinguishment of debt

2,232

1,489

2,232

1,489

Gain on sale of businesses

(176)

(28,270)

Contingent consideration

(550)

(3,000)

Other non-routine, net

5,416

13

7,523

2,690

Adjusted EBITDA

$

246,462

$

231,841

$

529,190

$

428,696

(1)Revenue for the Postage and Eliminations segment includes postage revenue of $52,550 and $50,023 for the three months ended September 30, 2021 and 2020, respectively, and $103,758 and $95,795 for the six months ended September 30, 2021 and 2020, respectively.

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