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INCOME TAXES (Tables)
 12 Months Ended
Mar. 31, 2019
Income Tax Disclosure [Abstract]  
Schedule of of (loss) income from continuing operations before income taxes
Components of income before income taxes are as follows:
 
 
Fiscal Year Ended March 31,
 
 
2019
 
2018
 
2017
Domestic
 
$
134,265

 
$
136,239

 
$
86,050

Foreign
 
98,520

 
386

 
(9,085
)
Income before income taxes
 
$
232,785

 
$
136,625

 
$
76,965
Schedule of provision for current and deferred income taxes
Provision for (benefit from) current and deferred income taxes consists of the following:
 
 
Fiscal Year Ended March 31,
 
 
2019
 
2018
 
2017
Current:
 
 

 
 

 
 

U.S. federal
 
$
8,240

 
$
(7,327
)
 
$
19,271

U.S. state and local
 
2,857

 
(1,266
)
 
2,521

Foreign
 
22,274

 
4,208

 
(13,012
)
Total current income taxes
 
33,371

 
(4,385
)
 
8,780

Deferred:
 
 

 
 

 
 

U.S. federal
 
(128,317
)
 
(13,530
)
 
969

U.S. state and local
 
(9,157
)
 
195

 
2,395

Foreign
 
3,051

 
(19,188
)
 
(2,482
)
Total deferred income taxes
 
(134,423
)
 
(32,523
)
 
882

(Benefit from) Provision for income taxes
 
$
(101,052
)
 
$
(36,908
)
 
$
9,662
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,
 
 
2019
 
2018
 
2017
U.S. federal statutory rate
 
21.0
 %
 
31.6
 %
 
35.0
 %
State and local taxes, net of U.S. federal benefit
 
2.9
 %
 
0.5
 %
 
4.9
 %
Foreign tax rate differential(1)
 
(9.0
)%
 
(6.9
)%
 
(1.4
)%
Foreign earnings
 
5.1
 %
 
1.2
 %
 
5.5
 %
Tax credits(2)
 
(15.0
)%
 
(16.5
)%
 
(45.8
)%
Excess tax benefits from stock-based compensation(3)
 
(5.7
)%
 
(38.9
)%
 
—

One-time transition tax(4)
 
(2.0
)%
 
19.5
 %
 
—

Domestic production deduction
 
—
 %
 
(2.8
)%
 
(2.5
)%
Valuation allowance—domestic(5)
 
(46.0
)%
 
(0.5
)%
 
10.1
 %
Valuation allowance—foreign
 
—
 %
 
(2.5
)%
 
0.1
 %
Change in reserves
 
1.3
 %
 
(11.0
)%
 
2.9
 %
Other(6)
 
4.0
 %
 
(0.7
)%
 
3.7
 %
Effective tax rate
 
(43.4
)%
 
(27.0
)%
 
12.5
 %

(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 and the difference in the foreign versus U.S. income tax rate.
(2) Tax benefits were recorded for fiscal years ended March 31, 2019, 2018, and 2017 attributable to certain tax credits related to software development activities.
(3) The accounting for stock based compensation will increase or decrease our effective tax rate based upon the difference between our share-based compensation expense and the deductions taken on our tax return, which depends upon the stock price at the time of employee award vesting.
(4) Represents the true-up related to the provisional estimate recorded in the fiscal year ended March 31, 2018 in accordance with SAB 118 for the one-time transition tax on previously untaxed earnings of certain foreign subsidiaries.
(5) The change in domestic valuation allowance includes a reduction in our valuation allowance on certain U.S. deferred tax assets as a result of a determination that it was more-likely-than-not that such deferred tax assets would be realized in the fiscal year ended March 31, 2019.
(6) Includes the effects from the Act, excluding the SAB 118 true-up relating to the one-time transition tax, which were not material
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,
 
 
2019
 
2018
Deferred tax assets:
 
 

 
 

Accrued compensation expense
 
$
113,517

 
$
94,919

Equity-based compensation
 
82,720

 
78,293

Tax credit carryforward
 
72,408

 
64,175

Net operating loss carryforward
 
27,498

 
35,378

Deferred rent
 
5,965

 
5,729

Business reorganization
 
158

 
16,369

Deferred Revenue
 
—

 
42,426

Sales returns and allowances (including bad debt)
 
—

 
575

Other
 
411

 
1,145

Total deferred tax assets
 
302,677

 
339,009

Less: Valuation allowance
 
(49,413
)
 
(195,640
)
Net deferred tax assets
 
253,264

 
143,369

Deferred tax liabilities:
 
 

 
 

Capitalized software and depreciation
 
(101,168
)
 
(118,119
)
Intangible amortization
 
(22,486
)
 
(24,651
)
Deferred revenue
 
(17,100
)
 
—

Convertible debt
 
—

 
(13
)
Other
 
(4,690
)
 
(4,534
)
Total deferred tax liabilities
 
(145,444
)
 
(147,317
)
Net deferred tax asset / (liability) (1)
 
107,820

 
(3,948
)
(1) As of March 31, 2019, $134,732 is included in Deferred tax assets and $26,912 is included in Other long-term liabilities. As of March 31, 2018, $3,948 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,
 
 
2019
 
2018
 
2017
Balance, beginning of period
 
$
122,056

 
$
116,085

 
$
52,799

Additions:
 
 

 
 

 
 

Current year tax positions
 
13,281

 
23,007

 
65,669

Prior year tax positions
 
288

 
7,406

 
5,086

Reduction of prior year tax positions
 
(1,700
)
 
(436
)
 
—

Lapse of statute of limitations
 
(1,605
)
 
(24,006
)
 
(7,469
)
Balance, end of period
 
$
132,320

 
$
122,056

 
$
116,085