COMMITMENTS AND CONTINGENCIES

12 Months Ended

Mar. 31, 2013

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES

12.   COMMITMENTS AND CONTINGENCIES

A summary of annual minimum contractual obligations and commitments as of March 31, 2013 is as follows:

Fiscal Year Ending March 31,	Licensing and Marketing		Software Development		Operating Leases		Purchase Obligations		Convertible Notes Interest		Convertible Notes		Total
2014	$	22,293	$	42,688	$	16,086	$	6,720	$	10,413	$	—	$	98,200
2015		21,505		29,869		15,291		4,157		7,394		138,000		216,216
2016		19,910		3,100		12,814		1,749		4,375		—		41,948
2017		30,910		—		10,175		—		4,375		250,000		295,460
2018		14,550		—		7,757		—		—		—		22,307
Thereafter		11,838		—		25,128		—		—		—		36,966
Total	$	121,006	$	75,657	$	87,251	$	12,626	$	26,557	$	388,000	$	711,097

Licensing and Marketing Agreements:    Our licensing commitments primarily consist of obligations to holders of intellectual property rights for use of their trademarks, copyrights, technology or other intellectual property rights in the development of our products. In addition, we have certain minimum marketing support commitments where we commit to spend specified amounts related to marketing our products. Licensing and marketing commitments expire at various times through September 2018 and primarily reflect our agreements with major sports leagues and players' associations.

Software Development Agreements:    We make payments to third-party software developers that include contractual payments to developers under several software development agreements that expire at various times through September 2015. Our aggregate outstanding software development commitments assume satisfactory performance by third-party software developers.

Lease Commitments:    Our offices are occupied under non-cancelable operating leases expiring at various times through March 2023. We also lease certain furniture, equipment and automobiles under non-cancelable leases expiring through March 2020. Some of the leases have fixed rent increases and also include inducements to enter into the lease. The effect of such amounts are deferred and recognized on a straight-line basis over the related lease term. Included in the cash commitments for operating leases above is a lease assumption without economic benefit related to our discontinued operations. See Note 2 to our Consolidated Financial Statements for additional information regarding discontinued operations. Rent expense amounted to $15,107, $16,018 and $14,088 for the fiscal years ended March 31, 2013, 2012 and 2011, respectively.

Purchase obligations:    These obligations are primarily related to agreements to purchase services that are enforceable and legally binding on the Company that specifies all significant terms, including fixed, minimum or variable pricing provisions; and the approximate timing of the transactions, expiring at various times through February 2016.

Contingent Consideration:    Part of our business acquisition strategy has been to make a portion of the purchase price of certain acquisitions dependent on product delivery or future product sales. The amounts and timing of these payments are currently not fixed or determinable. See Note 5 for a discussion of our contingent commitments related to our business acquisitions.

Employee Savings Plans:    For our United States employees we maintain a 401(k) retirement savings plan and trust. Our 401(k) plan is offered to all eligible employees and participants may make voluntary contributions. We also have various pension plans for our non-U.S. employees, some of which are required by local laws, and allow or require Company contributions. Employer contributions under all defined contribution and pension plans during the fiscal years ended March 31, 2013, 2012 and 2011 were $6,089, $5,570 and $5,091, respectively.

Income Taxes:    At March 31, 2013, the Company had recorded a liability for gross unrecognized tax benefits of $14,302 for which we are unable to make a reasonable and reliable estimate of the period in which these liabilities will be settled with the respective tax authorities, therefore, these liabilities have not been included in the contractual obligations table.

Legal and Other Proceedings:    We are, or may become, subject to demands and claims (including intellectual property claims) and are involved in routine litigation in the ordinary course of business which we do not believe to be material to our business or financial statements. We have appropriately accrued amounts related to certain of these claims and legal and other proceedings. While it is reasonably possible that a loss may be incurred in excess of the amounts accrued in our financial statements, we believe that such losses, unless otherwise disclosed, would not be material.