DISPOSITION (Tables)

9 Months Ended

Dec. 31, 2018

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

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

	For the three months ended				For the nine months ended
	December 31,				December 31,
	2018		2017		2018		2017
Revenues	$	—	$	175,750	$	332,185	$	512,734
Cost of revenue	24,677		91,394		213,512		272,356
Gross profit	(24,677)		84,356		118,673		240,378
Operating expenses:
Research and development	6,703		9,007		21,621		26,144
Sales and marketing	18,110		25,898		60,743		74,384
General and administrative	27,767		9,957		72,150		26,926
Gains, losses and other items, net	(1,658,667)		747		(1,656,014)		1,479
Total operating expenses	(1,606,087)		45,609		(1,501,500)		128,933
Income from discontinued operations	1,581,410		38,747		1,620,173		111,445
Interest expense	—		(2,566)		(5,702)		(7,432)
Other, net	74		(13)		97		(176)
Earnings from discontinued operations before income taxes	1,581,484		36,168		1,614,568		103,837
Income taxes	509,823		15,761		456,301		34,986
Earnings from discontinued operations, net of tax	$	1,071,661	$	20,407	$	1,158,267	$	68,851

Substantially all of the interest expense was allocated to discontinued operations.

The carrying amounts of the major classes of assets and liabilities of AMS are segregated and included in assets and liabilities held for sale in the condensed consolidated balance sheets. The following is a reconciliation of the assets and liabilities held for sale (dollars in thousands):

	March 31, 2018
	(Unaudited)
Cash and cash equivalents	$	2,261
Trade accounts receivable, net	115,141
Other current assets	20,972
Property and equipment, net	124,193
Software, net	21,014
Goodwill	392,356
Purchased software licenses, net	7,502
Deferred income taxes	1,522
Other assets, net	3,815
Assets held for sale	$	688,776
Trade accounts payable	27,929
Accrued payroll and related expenses	28,725
Other accrued expenses	16,241
Deferred revenue	27,214
Income taxes payable	244
Other liabilities	3,707
Liabilities held for sale	$	104,060

Disposal Groups, Including Discontinued Operations, Related Cash Inflows, Cash Outflows, Revenues, And Expenses

The related cash inflows and outflows and revenues and costs for the three months ended December 31, 2018 was (dollars in thousands): 

	For the three months ended December 31, 2018
Cash inflows	$	9,417
Cash outflows	$	521
Revenues	$	11,832
Costs	$	4,176