Segment Information (Tables)

12 Months Ended

Mar. 31, 2012

Segmented information by business unit is as follows:



	Year Ended		Year Ended		Year Ended
	March 31, 2012		March 31, 2011		March 31, 2010
	(Amounts in thousands)
Segment revenues
Motion Pictures	$	1,190,289	$	1,229,493	$	1,119,355
Television Production	397,290		353,227		350,876
Media Networks	—		—		19,275
	$	1,587,579	$	1,582,720	$	1,489,506
Direct operating expenses
Motion Pictures	$	604,340	$	525,919	$	491,603
Television Production	304,062		269,827		278,943
Media Networks	—		—		7,423
	$	908,402	$	795,746	$	777,969
Distribution and marketing
Motion Pictures	$	454,955	$	511,795	$	471,606
Television Production	28,558		35,431		32,527
Media Networks	—		—		2,008
	$	483,513	$	547,226	$	506,141
Segment contribution before general and administration expenses
Motion Pictures	$	130,994	$	191,779	$	156,146
Television Production	64,670		47,969		39,406
Media Networks	—		—		9,844
	$	195,664	$	239,748	$	205,396
General and administration
Motion Pictures	$	55,473	$	48,413	$	47,251
Television Production	10,888		11,470		9,699
Media Networks	—		—		6,194
	$	66,361	$	59,883	$	63,144
Segment profit
Motion Pictures	$	75,521	$	143,366	$	108,895
Television Production	53,782		36,499		29,707
Media Networks	—		—		3,650
	$	129,303	$	179,865	$	142,252
Acquisition of investment in films and television programs
Motion Pictures	$	481,234	$	313,579	$	287,991
Television Production	209,070		173,812		176,725
Media Networks	—		—		6,371
	$	690,304	$	487,391	$	471,087

Reconciliation Of Total Segment Profit To The Company's Loss Before Income Taxes

The reconciliation of total segment profit to the Company’s income (loss) before income taxes is as follows:



	Year Ended			Year Ended			Year Ended
	March 31, 2012			March 31, 2011			March 31, 2010
				As adjusted			As adjusted
	(Amounts in thousands)
Company’s total segment profit	$	129,303		$	179,865		$	142,252
Less:
Shared services and corporate expenses (1)	(102,503		)	(111,524		)	(79,916		)
Depreciation and amortization	(4,276		)	(5,811		)	(12,455		)
Interest expense	(78,111		)	(55,180		)	(47,162		)
Interest and other income	2,752			1,742			1,547
Gain on sale of asset disposal group	10,967			—			—
Gain (loss) on extinguishment of debt	(967		)	(14,505		)	5,675
Equity interests income (loss)	8,412			(20,712		)	(38,995		)
Loss before income taxes	$	(34,423	)	$	(26,125	)	$	(29,054	)

(1)

Includes share-based compensation expense of $25.0 million, $32.5 million, and $18.8 million for the years ended March 31, 2012, 2011 and 2010, respectively. During the year ended March 31, 2011 the Company incurred $21.9 million of share-based compensation expense associated with the immediate vesting of equity awards of certain executive officers triggered by the “change in control” provisions in their respective employment agreements. The year ended March 31, 2012 includes a benefit of $1.7 million associated with a shareholder activist matter, compared to charges of $22.9 million and $5.8 million for the years ended March 31, 2011 and 2010, respectively. The benefit associated with a shareholder activist matter in the year ended March 31, 2012 includes a $3.9 million benefit, recorded in the quarter ended June 30, 2011, related to a negotiated settlement with a vendor of costs incurred and recorded in the prior fiscal year, and insurance recoveries of related litigation offset by other costs. The year ended March 31, 2012 also includes severance and transaction costs related to the acquisition of Summit of $12.0 million

Reconciliation of Assets from Segment to Consolidated

The following table sets forth significant assets as broken down by segment and other unallocated assets as of March 31, 2012 and March 31, 2011:



	March 31, 2012						March 31, 2011
	Motion Pictures		Television Production		Total		Motion Pictures		Television Production		Total
	(Amounts in thousands)
Significant assets by segment
Accounts receivable	$	577,463	$	207,067	$	784,530	$	167,093	$	163,531	$	330,624
Investment in films and television programs, net	1,202,692		126,361		1,329,053		503,065		104,692		607,757
Goodwill	297,672		28,961		326,633		210,293		28,961		239,254
	$	2,077,827	$	362,389	$	2,440,216	$	880,451	$	297,184	$	1,177,635
Other unallocated assets (primarily cash, other assets, and equity method investments)					347,779						391,518
Total assets					$	2,787,995					$	1,569,153

Revenue and Assets by Geographic Location

Revenue by geographic location, based on the location of the customers, with no other foreign country individually comprising greater than 10% of total revenue, is as follows:



	Year Ended		Year Ended		Year Ended
	March 31, 2012		March 31, 2011		March 31, 2010
	(Amounts in thousands)
Canada	$	17,207	$	86,955	$	71,402
United States	1,270,226		1,223,454		1,171,336
Other foreign	300,146		272,311		246,768
	$	1,587,579	$	1,582,720	$	1,489,506

Assets by geographic location are as follows:



	March 31, 2012		March 31, 2011
	(Amounts in thousands)
Canada	$	17,306	$	75,005
United States	2,635,023		1,393,382
United Kingdom	133,053		96,257
Australia	2,613		4,509
	$	2,787,995	$	1,569,153

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total profit or loss from reportable segments, to the entity's consolidated income before income taxes, extraordinary items, and discontinued operations.

+ References+ Details

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References+ Details