DISCONTINUED OPERATIONS: (Tables)

12 Months Ended

Mar. 31, 2016

ITO | Discontinued operations, held-for-sale or disposed of by sale

Schedule of summary results of operations for discontinued operations

The following table is a reconciliation of the major classes of line items constituting earnings from discontinued operations, net of tax (dollars in thousands):

	2016			2015			2014
Major classes of line items constituting earnings from discontinued operations, net of tax:
Revenues	$	69,410		$	215,148		$	257,125
Cost of revenue	50,837			167,524			186,699
Gross profit	18,573			47,624			70,426
Operating expenses:
Sales and marketing	1,192			2,771			2,015
General and administrative	6,053			10,736			14,749
Gain on sale of discontinued operations	(9,349		)	—			—
Gains, losses and other items, net	367			2,037			4,746
Total operating expenses	(1,737		)	15,544			21,510
Income from discontinued operations	20,310			32,080			48,916
Interest expense	(681		)	(2,378		)	(3,000		)
Other, net	(230		)	(334		)	3
Earnings from discontinued operations before income taxes	19,399			29,368			45,919
Income taxes	3,598			11,973			17,587
Earnings from discontinued operations, net of tax	$	15,801		$	17,395		$	28,332

Schedule of carrying amounts of major classes of assets and liabilities of discontinued operations

The following table is a reconciliation of the major classes of assets and liabilities of the discontinued operations (dollars in thousands):

	March 31, 2016		March 31, 2015
Trade accounts receivable, net	$	—	$	35,743
Deferred income taxes	—		2,762
Other current assets	—		10,707
Property and equipment, net of accumulated depreciation and amortization	—		44,336
Goodwill	—		71,508
Purchased software licenses, net of accumulated amortization	—		3,943
Other assets, net	—		3,173
Assets from discontinued operations	$	—	$	172,172
Current installments of long-term debt	$	—	$	653
Trade accounts payable	—		8,857
Accrued expenses	—		7,480
Deferred revenue	—		3,658
Long-term debt	—		6,684
Deferred income taxes	—		22,716
Other liabilities	—		6,377
Liabilities from discontinued operations	$	—	$	56,425

U.K. call center operation, 2 Touch | Discontinued operations, held-for-sale or disposed of by sale

Schedule of summary results of operations for discontinued operations

Summary results of operations of the 2Touch business unit for the fiscal years ended March 31, 2016, 2015 and 2014 are segregated and included in earnings from discontinued operations, net of tax, in the consolidated statements of operations and consists of (dollars in thousands):

	2016			2015			2014
Revenues	$	—		$	8,484		$	35,267
Earnings (loss) from discontinued operations before income taxes	$	(450	)	$	4		$	(2,189	)
Loss on sale of discontinued operations before income taxes	—			(1,888		)	—
Income taxes	—			—			—
Loss from discontinued operations, net of tax	$	(450	)	$	(1,884	)	$	(2,189	)

U.K. call center operation, 2 Touch | Discontinued operations sold

Schedule of carrying amounts of major classes of assets and liabilities of discontinued operations

The carrying amounts of the major classes of assets and liabilities of the 2Touch business unit are segregated and included in assets from discontinued operations and liabilities from discontinued operations in the consolidated balance sheets and are as follows (dollars in thousands):

	March 31, 2016		March 31, 2015
Trade accounts receivable, net	$	—	$	112
Assets from discontinued operations	$	—	$	112
Other accrued expenses	—		1,008
Liabilities from discontinued operations	$	—	$	1,008