Segment Reporting (Tables)

12 Months Ended

Mar. 31, 2022

Revenue and Adjusted EBITDA for each Reportable Segment


	Year Ended		Year Ended
	March 31, 2022		March 31, 2021
Segment Revenue
Software and Analytics	$	1,612,931	$	1,534,926
Network Solutions		868,425		717,843
Technology-Enabled Services		924,472		869,349
Postage and Eliminations ⁽¹⁾		82,727		96,533
Purchase Accounting Adjustment ⁽²⁾		(7,740)		(128,230)
Net Revenue	$	3,480,815	$	3,090,421
Segment Adjusted EBITDA
Software and Analytics	$	561,994	$	526,129
Network Solutions		446,378		377,005
Technology-Enabled Services		62,679		31,031
Adjusted EBITDA	$	1,071,051	$	934,165

Reconciliation of income (loss) before tax provision (benefit) to Adjusted EBITDA
Income (loss) before income tax provision (benefit)	$	(106,001)	$	(147,397)
Amortization of capitalized software developed for sale		3,509		1,326
Depreciation and amortization		681,808		591,048
Interest expense		234,244		245,241
Equity compensation		95,730		59,016
Acquisition accounting adjustments		(11,839)		109,743
Acquisition and divestiture-related costs		41,120		19,709
Integration and related costs		26,803		40,675
Strategic initiatives, duplicative and transition costs		46,041		21,841
Severance costs		10,178		13,184
Accretion and changes in estimate, net		25,276		11,644
Impairment of long-lived assets and other		4,958		18,190
Loss on extinguishment of debt		3,885		8,924
Gain on sale of businesses		—		(59,143)
Contingent consideration		—		(3,000)
Other non-routine, net		15,339		3,164
Adjusted EBITDA	$	1,071,051	$	934,165

⁽¹⁾Revenue for the Postage and Eliminations segment includes postage revenue of $219,612 and $196,532 for the years ended March 31, 2022 and 2021, respectively.

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