SEGMENT INFORMATION:

12 Months Ended

Mar. 31, 2014

SEGMENT INFORMATION:

SEGMENT INFORMATION:

17.          SEGMENT INFORMATION:

The Company reports segment information consistent with the way management internally disaggregates its operations to assess performance and to allocate resources.  We regularly review our segments and the approach used by management to evaluate performance and allocate resources.  The Company’s business segments consist of Marketing and data services, IT Infrastructure management, and Other services.  During the quarter ended June 30, 2013, the Company realigned its business segments to better reflect the way management assesses the business.  The e-mail fulfillment business was moved from the Other services segment to the Marketing and data services segment.  The prior-year segment information has been restated to conform to the new segment presentation.  The Marketing and data services segment now includes the Company’s global lines of business for Customer Data Integration (CDI), Consumer Insight Solutions, Marketing Management Services (including the Audience Operating System), and E-mail Fulfillment and Agency Services.  The IT Infrastructure management segment develops and delivers IT outsourcing and transformational solutions.  The Other services segment now consists solely of the UK fulfillment business.

Company management uses the revenues and earnings of the three operating segments, among other factors, for performance evaluation and resource allocation.  The Company evaluates performance of the segments based on segment operating income.  The Company’s calculation of segment operating income does not include inter-company transactions and allocates all corporate expenses, excluding those reported as impairments or gains, losses and other items, as well as certain business separation expenses.  Because segment operating income excludes certain impairments and gains, losses and other items and business separation expenses this measure is considered a non-GAAP financial measure, which is not a financial measure calculated in accordance with generally accepted accounting principles.  Management believes segment operating income is a helpful measure in evaluating performance of the business segments.  While management considers segment operating income to be a helpful measure of comparative operating performance, this measure should be considered in addition to, but not as a substitute for, measures of financial performance prepared in accordance with GAAP presented elsewhere in the financial statements.  In addition, the Company’s calculation of segment operating income may be different from measures used by other companies and therefore comparability may be affected.

The following tables present information by business segment (dollars in thousands):

	2014			2013			2012
Revenue:
Marketing and data services	$	805,153		$	788,740		$	798,796
IT Infrastructure management	257,125			275,469			291,525
Other services	35,267			35,150			40,303
Total revenue	$	1,097,545		$	1,099,359		$	1,130,624
Income (loss) from operations:
Marketing and data services	$	78,433		$	80,017		$	95,173
IT Infrastructure management	32,847			29,330			24,970
Other services	1,941			(4,618		)	(4,139		)
Corporate	(64,937		)	(2,010		)	(30,441		)
Income from operations	$	48,284		$	102,719		$	85,563
Depreciation and amortization:
Marketing and data services	$	49,383		$	52,782		$	61,443
IT Infrastructure management	52,872			60,042			66,497
Other services	751			3,384			6,722
Depreciation and amortization	$	103,006		$	116,208		$	134,662
Total assets:
Marketing and data services	$	649,321		$	641,897
IT Infrastructure management	267,110			316,009
Other services	10,466			18,696
Corporate	396,404			211,104
Total assets	$	1,323,301		$	1,187,706