BUSINESS REORGANIZATION

9 Months Ended

Dec. 31, 2024

Restructuring and Related Activities [Abstract]

We have implemented a cost reduction program to identify efficiencies across our business (the "2024 Plan"), which includes eliminating several projects in development and streamlining our organizational structure. The 2024 Plan was largely completed as of December 31, 2024 but additional costs will be incurred into fiscal year 2026. We estimated that we will incur approximately $160.0 to $200.0 in total charges in connection with the 2024 Plan, which consists of approximately $120.0 to $140.0 related to title cancellations, $25.0 to $35.0 associated with employee severance and employee-related costs, and approximately $15.0 to $25.0 related to office space reductions. During the fiscal year ended March 31, 2024, we incurred business reorganization expenses of $93.3 in connection with the 2024 Plan, of which $88.2 related to title cancellations, $3.2 was for employee-related costs, and the remaining $1.9 consisted of professional fees.

We incurred business reorganization expenses of $23.1 and $0.7 during the three months ended December 31, 2024 and 2023, respectively, and $89.4 and $11.3 during the nine months ended December 31, 2024 and 2023, respectively.

In connection with the 2024 Plan, we incurred the following expenses:


	Three Months Ended December 31,		Nine Months Ended December 31,
	2024		2024
Employee-related costs	$	8.8	$	38.5
Title cancellations (1)	1.5		35.1
Loss on divestitures	9.8		9.8
Impairment loss of ROU asset (office closures)	1.1		3.5
Other	1.9		2.5
Total business reorganization expenses	$	23.1	$	89.4

(1) Refer to Note 7 - Software Development Costs and Licenses

During the three and nine months ended December 31, 2024 we paid $11.3 and $53.2, respectively, related to these reorganization activities and $9.0 remained accrued for in Accrued expenses and other current liabilities.