Segment Information (Tables)

12 Months Ended

Mar. 31, 2015

Segment information by business unit is as follows:



	Year Ended March 31,
	2015		2014		2013
	(Amounts in thousands)
Segment revenues
Motion Pictures	$	1,820,149	$	2,182,902	$	2,329,145
Television Production	579,491		447,352		378,996
	$	2,399,640	$	2,630,254	$	2,708,141
Direct operating expenses
Motion Pictures	$	827,527	$	981,127	$	1,077,832
Television Production	488,248		388,254		312,737
	$	1,315,775	$	1,369,381	$	1,390,569
Distribution and marketing
Motion Pictures	$	555,371	$	709,996	$	787,488
Television Production	36,120		29,465		30,374
	$	591,491	$	739,461	$	817,862
Gross segment contribution
Motion Pictures	$	437,251	$	491,779	$	463,825
Television Production	55,123		29,633		35,885
	$	492,374	$	521,412	$	499,710
Segment general and administration
Motion Pictures	$	73,501	$	66,768	$	67,236
Television Production	13,346		12,747		11,963
	$	86,847	$	79,515	$	79,199
Segment profit
Motion Pictures	$	363,750	$	425,011	$	396,589
Television Production	41,777		16,886		23,922
	$	405,527	$	441,897	$	420,511

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

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



	Year Ended March 31,
	2015			2014			2013
	(Amounts in thousands)
Company’s total segment profit	$	405,527		$	441,897		$	420,511
Shared services and corporate expenses:
Share-based compensation expense	(80,310		)	(72,119		)	(47,665		)
Restructuring and other items⁽¹⁾	(10,725		)	(7,500		)	(2,575		)
Other shared services and corporate expenses	(85,625		)	(95,791		)	(88,902		)
Total shared services and corporate expenses	(176,660		)	(175,410		)	(139,142		)
Depreciation and amortization	(6,586		)	(6,539		)	(8,290		)
Operating income	222,281			259,948			273,079
Interest expense	(52,476		)	(66,170		)	(93,580		)
Interest and other income	2,790			6,030			4,036
Loss on extinguishment of debt	(11,664		)	(39,572		)	(24,089		)
Equity interests income (loss)	52,477			24,724			(3,075		)
Income before income taxes	$	213,408		$	184,960		$	156,371

____________________________

(1)

Restructuring and other items includes certain unusual items, such as severance and restructuring charges, certain transaction related costs, and the settlement of an administrative order, when applicable. Amounts in the year ended March 31, 2015 primarily represent severance costs associated with the integration of the marketing operations of the Company's Lionsgate and Summit film labels and costs related to the move of our international sales and distribution organization to the United Kingdom amounting to an aggregate of $9.1 million. Approximately $1.2 million of these costs are non-cash charges resulting from the acceleration of vesting of stock awards (see Note 11). In addition, the year ended March 31, 2015 includes transaction costs related to the registration and offering of common shares by a shareholder (see Note 20), for which the Company received no proceeds, pursuant to a preexisting registration rights agreement dated October 22, 2009, and costs related to the Starz Exchange transaction (see Note 5). Amounts in the year ended March 31, 2014 represent the settlement of an administrative order. Amounts in the year ended March 31, 2013 represent severance and transaction costs related to the acquisition of Summit Entertainment.

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, 2015 and March 31, 2014:



	March 31, 2015						March 31, 2014
	Motion Pictures		Television Production		Total		Motion Pictures		Television Production		Total
	(Amounts in thousands)
Significant assets by segment
Accounts receivable	$	538,515	$	353,365	$	891,880	$	580,906	$	304,665	$	885,571
Investment in films and television programs, net	1,116,909		264,920		1,381,829		979,576		294,997		1,274,573
Goodwill	294,367		28,961		323,328		294,367		28,961		323,328
	$	1,949,791	$	647,246	$	2,597,037	$	1,854,849	$	628,623	$	2,483,472
Other unallocated assets (primarily cash, other assets, and investments)					695,052						368,160
Total assets					$	3,292,089					$	2,851,632

Acquisition of Investment in Films and Television Programs by Segment

The following table sets forth acquisition of investment in films and television programs as broken down by segment for the years ended March 31, 2015, 2014, and 2013:



	Year Ended March 31,
	2015		2014		2013
	(Amounts in thousands)
Acquisition of investment in films and television programs
Motion Pictures	$	688,555	$	597,083	$	534,782
Television Production	323,739		350,999		355,494
	$	1,012,294	$	948,082	$	890,276

Revenue and Tangible 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 March 31,
	2015		2014		2013
	(Amounts in thousands)
Canada	$	68,969	$	68,599	$	63,528
United States	1,712,087		1,917,615		2,020,310
Other foreign	618,584		644,040		624,303
	$	2,399,640	$	2,630,254	$	2,708,141

Tangible assets by geographic location are as follows:



	March 31, 2015		March 31, 2014
	(Amounts in thousands)
Canada	$	214,303	$	12,911
United States	2,550,713		2,330,947
Other foreign	152,444		115,465
	$	2,917,460	$	2,459,323