Income Taxes (Tables)

12 Months Ended

Mar. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Provision (Benefit) for Income Taxes

The provision / (benefit) for income taxes by taxing jurisdiction was as follows:

	Year ended March 31,
	2022		2021		2020
Current U.S. federal	$	236	$	—	$	—
Current state and local	703		204		182
Current non-U.S.	7,439		38		(55)
Total current	8,378		242		127
Deferred U.S. federal	1,485		(13,185)		(7,928)
Deferred state and local	(1,350)		(204)		(2,624)
Deferred non-U.S.	(110)		120		50
Total deferred	25		(13,269)		(10,502)
Total income tax provision / (benefit)	$	8,403	$	(13,027)	$	(10,375)

Reconciliation of Income Tax Expense Between Statutory U S Income Tax Rate With Actual Income Tax Provision

A reconciliation of income tax expense using the statutory U.S. income tax rate compared with the actual income tax provision follows:

	Year ended March 31,
	2022		2021		2020
Statutory federal income taxes	$	9,256	$	8,819	$	741
State income taxes, net of federal benefit	938		(1,284)		144
Non-deductible expenses	2,891		926		272
Change in warrant liability	—		—		2,012
Change in Mobile Posse earn-out	—		3,238		—
Change in Fyber earn-out	10,500		—		—
Change in AdColony earn-out	(1,872)		—		—
Excess deductions for stock compensation	(9,946)		(16,523)		(1,384)
Change in uncertain tax liability	52		591		32
Change in valuation allowance	(1,503)		(11,223)		(12,262)
Foreign rate differential	(1,554)		—		—
Return-to-provision adjustments	(454)		2,243		—
Other miscellaneous	95		186		70
Income tax provision / (benefit)	$	8,403	$	(13,027)	$	(10,375)

Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities consist of the following:

	Year ended March 31,
	2022		2021		2020
Deferred income tax assets
Net operating loss carry-forward	$	76,219	$	25,630	$	21,913
Stock-based compensation	3,765		1,675		3,775
Accrued compensation	3,724		1,968		1,069
Other	1,700		1,919		1,215
Gross deferred income tax assets	85,408		31,192		27,972
Valuation allowance	(19,914)		(5,287)		(15,977)
Net deferred income tax assets	65,494		25,905		11,995
Deferred income tax liabilities
Depreciation and amortization	(5,795)		(2,627)		(1,648)
Intangibles and goodwill	(79,675)		(10,315)		(10,356)
Net deferred income tax assets / (liabilities)	$	(19,976)	$	12,963	$	(9)

Fiscal year 2020 amounts recast for immaterial differences to match reported financial statements.

Summary of Operating Loss Carryforwards

The following details the scheduled expiration dates of the Company's net operating loss (NOL) carryforwards:

	2023 Through 2032		2033 Through 2042		Indefinite		Total
U.S. federal NOLs	$	—	$	109,905	$	71,021	$	180,926
State taxing jurisdictions NOLs	5,601		129,890		492		135,983
Non-U.S. NOLs	—		—		108,111		108,111
Total, net	$	5,601	$	239,795	$	179,624	$	425,020

Schedule of Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amounts of unrecognized tax benefits for the years ended March 31, 2022, 2021, and 2020, is as follows:

	Year ended March 31,
	2022		2021		2020
Balance at April 1	$	1,372	$	787	$	788
Additions for tax positions of prior years	52		585		—
Reductions for tax positions of prior years	—		—		(1)
Balance at March 31	$	1,424	$	1,372	$	787