INCOME TAXES (Tables)

12 Months Ended

Mar. 31, 2017

Schedule of of (loss) income from continuing operations before income taxes

Components of income (loss) income from continuing operations before income taxes are as follows:



	Fiscal Year Ended March 31,
	2017			2016			2015
Domestic	$	86,050		$	(94,174	)	$	(126,582	)
Foreign	(9,085		)	55,824			(146,298		)
Income (loss) from continuing operations before income taxes	$	76,965		$	(38,350	)	$	(272,880	)

Schedule of provision for current and deferred income taxes

Provision (benefit from) for current and deferred income taxes consists of the following:



	Fiscal Year Ended March 31,
	2017			2016			2015
Current:
U.S. federal	$	19,271		$	792		$	2,773
U.S. state and local	2,521			938			(1,406		)
Foreign	(13,012		)	(31,508		)	2,944
Total current income taxes	8,780			(29,778		)	4,311
Deferred:
U.S. federal	969			1,211			1,575
U.S. state and local	2,395			(231		)	72
Foreign	(2,482		)	(1,250		)	632
Total deferred income taxes	882			(270		)	2,279
Provision (benefit from) for income taxes	$	9,662		$	(30,048	)	$	6,590

Schedule of reconciliation of effective tax rate to the U.S. statutory federal income tax rate

A reconciliation of our effective tax rate to the U.S. statutory federal income tax rate is as follows:



	Fiscal Year Ended March 31,
	2017		2016		2015
U.S. federal statutory rate	35.0	%	35.0	%	35.0	%
State and local taxes, net of U.S. federal benefit	4.9	%	1.6	%	0.9	%
Tax amortization of goodwill	1.3	%	(3.2	)%	(0.6	)%
Foreign tax rate differential⁽¹⁾	(1.4	)%	25.8	%	(12.1	)%
Foreign earnings	5.5	%	(3.7	)%	(1.5	)%
Tax credits ⁽²⁾	(45.8	)%	98.7	%	—
Domestic production deduction	(2.5	)%	—		—
Valuation allowance—domestic	10.1	%	(77.8	)%	(16.8	)%
Valuation allowance—foreign	0.1	%	10.4	%	(5.1	)%
Change in reserves	2.9	%	(7.0	)%	(1.6	)%
Other	2.4	%	(1.4	)%	(0.6	)%
Effective tax rate	12.5	%	78.4	%	(2.4	)%

(1) The foreign rate differential in relation to foreign earnings, for all periods presented, are primarily driven by changes in the mix of our foreign earnings.

(2) Tax benefits were recorded for fiscal years ended March 31, 2017 and March 31,2016 attributable to certain tax credits related to software development activities

Schedule of effects of temporary differences that gave rise to deferred tax assets and liabilities

The effects of temporary differences that gave rise to our deferred tax assets and liabilities were as follows:



	March 31,
	2017			2016
Deferred tax assets:
Accrued compensation expense	$	131,305		$	82,230
Equity Compensation	25,048			22,446
Deferred revenue	41,977			33,254
Domestic net operating loss carryforward	4,495			28,811
Tax credit carryforward	52,639			76,565
Foreign net operating loss carryforwards	15,636			16,910
Business reorganization	24,103			24,143
Sales returns and allowances (including bad debt)	3,942			2,257
Deferred rent	8,865			5,359
Other	4,045			—
Total deferred tax assets	312,055			291,975
Less: Valuation allowance	(184,085		)	(170,574		)
Net deferred tax assets	127,970			121,401
Deferred tax liabilities:
Capitalized software and depreciation	(120,715		)	(104,294		)
Convertible debt	(5,219		)	(12,716		)
Intangible amortization	(38,068		)	(8,306		)
Other	—			(896		)
Total deferred tax liabilities	(164,002		)	(126,212		)
Net deferred tax liability(a)	(36,032		)	(4,811		)

(a) As of March 31, 2017 and 2016, $36,032 and $4,811, respectively, is included in other long-term liabilities.

Schedule of aggregate changes to the liability for gross uncertain tax positions, excluding interest and penalties

The aggregate changes to the liability for gross uncertain tax positions, excluding interest and penalties, were as follows:



	Fiscal Year Ended March 31,
	2017			2016		2015
Balance, beginning of period	$	52,799		$	40,591	$	23,536
Additions:
Current year tax positions	65,669			12,208		8,297
Prior year tax positions	5,086			—		9,040
Reduction of prior year tax positions	—			—		—
Lapse of statute of limitations	(7,469		)	—		(256		)
Other, net	—			—		(26		)
Balance, end of period	$	116,085		$	52,799	$	40,591