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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (Tables)
12 Months Ended
Mar. 31, 2016
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:  
Summary of reclassification activity

 

The following table summarizes the reclassification activity for the year ended March 31, 2015 (dollars in thousands):

 

 

 

As previously
reported(1)

 

Category
expansion

 

Account
management
reclass

 

IT reclass and
other

 

As currently
reported

 

Cost of revenue

 

$

639,945

 

$

(74,201

)

$

(62,947

)

$

(8,760

)

$

494,037

 

Research and development

 

$

 

$

74,201

 

$

 

$

 

$

74,201

 

Selling, general and administrative

 

$

175,050

 

$

(175,050

)

$

 

$

 

$

 

Sales and marketing

 

$

 

$

54,807

 

$

62,947

 

$

(1,260

)

$

116,494

 

General and administrative

 

$

 

$

120,243

 

$

 

$

10,020

 

$

130,263

 

 

(1) Adjusted for discontinued operations

 

The following table summarizes the reclassification activity for the fiscal year ended March 31, 2014 (dollars in thousands):

 

 

 

As previously
reported(1)

 

Category
expansion

 

Account
management
reclass

 

IT reclass and
other

 

As currently
reported

 

Cost of revenue

 

$

608,861

 

$

(62,807

)

$

(34,966

)

$

(5,571

)

$

505,517

 

Research and development

 

$

 

$

62,807

 

$

 

$

 

$

62,807

 

Selling, general and administrative

 

$

152,614

 

$

(152,614

)

$

 

$

 

$

 

Sales and marketing

 

$

 

$

58,641

 

$

34,966

 

$

 

$

93,607

 

General and administrative

 

$

 

$

93,973

 

$

 

$

5,571

 

$

99,544

 

 

 

(1) Adjusted for discontinued operations

 

Reconciliation of numerator and denominator of basic and diluted earnings (loss) per share

 

A reconciliation of the numerator and denominator of basic and diluted earnings (loss) per share is shown below (in thousands, except per share amounts):

 

 

 

2016

 

2015

 

2014

 

 

 

 

 

 

 

 

 

Net loss from continuing operations

 

$

(8,648

)

$

(26,542

)

$

(17,340

)

Net earnings from discontinued operations, net of tax

 

15,351

 

15,511

 

26,143

 

 

 

 

 

 

 

 

 

Net earnings (loss)

 

$

6,703

 

$

(11,031

)

$

8,803

 

Net loss attributable to noncontrolling interest

 

 

 

(60

)

 

 

 

 

 

 

 

 

Net earnings (loss) attributable to Acxiom

 

$

6,703

 

$

(11,031

)

$

8,863

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share:

 

 

 

 

 

 

 

Basic weighted-average shares outstanding

 

77,616

 

77,106

 

74,690

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share:

 

 

 

 

 

 

 

Continuing operations

 

$

(0.11

)

$

(0.34

)

$

(0.23

)

Discontinued operations

 

0.20

 

0.20

 

0.35

 

 

 

 

 

 

 

 

 

Net earnings (loss)

 

$

0.09

 

$

(0.14

)

$

0.12

 

Net loss attributable to noncontrolling interest

 

 

 

(0.00

)

 

 

 

 

 

 

 

 

Net earnings (loss) attributable to Acxiom

 

$

0.09

 

$

(0.14

)

$

0.12

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings (loss) per share:

 

 

 

 

 

 

 

Basic weighted-average shares outstanding

 

77,616

 

77,106

 

74,690

 

Dilutive effect of common stock options, warrants, and restricted stock as computed under the treasury stock method

 

 

 

 

 

 

 

 

 

 

 

 

Diluted weighted-average shares outstanding

 

77,616

 

77,106

 

74,690

 

 

 

 

 

 

 

 

 

Diluted earnings (loss) per share:

 

 

 

 

 

 

 

Continuing operations

 

$

(0.11

)

$

(0.34

)

$

(0.23

)

Discontinued operations

 

0.20

 

0.20

 

0.35

 

 

 

 

 

 

 

 

 

Net earnings (loss)

 

$

0.09

 

$

(0.14

)

$

0.12

 

Net loss attributable to noncontrolling interest

 

 

 

(0.00

)

 

 

 

 

 

 

 

 

Net earnings (loss) attributable to Acxiom

 

$

0.09

 

$

(0.14

)

$

0.12

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of anti-dilutive options, warrants and restricted stock units excluded from computation of earnings (loss) per share

 

Additional options and warrants to purchase shares of common stock and restricted stock units, including performance-based restricted stock units not meeting performance criteria, that were outstanding during the periods presented but were not included in the computation of diluted earnings (loss) per share because the effect was anti-dilutive are shown below (in thousands, except per share amounts):

 

 

 

2016

 

2015

 

2014

 

Number of shares outstanding under options, warrants and restricted stock units

 

1,654

 

1,829

 

834

 

Range of exercise prices for options

 

$17.49-$62.06

 

$19.18-$62.06

 

$29.30-$62.06