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Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Dec. 31, 2016	Jan. 31, 2017
Document and Entity Information
Entity Registrant Name	TAKE TWO INTERACTIVE SOFTWARE INC
Entity Central Index Key	0000946581
Document Type	10-Q
Document Period End Date	Dec. 31, 2016
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		101,410,198
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	Q3

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2016
Current assets:
Cash and cash equivalents	$ 1,039,430	$ 798,742
Short-term investments	404,523	470,820
Restricted cash	278,541	261,169
Accounts receivable, net of allowances of $107,347 and $45,552 at December 31, 2016 and March 31, 2016, respectively	327,430	168,527
Inventory	26,665	15,888
Software development costs and licenses	126,185	178,387
Deferred cost of goods sold	177,946	98,474
Prepaid expenses and other	70,456	53,269
Total current assets	2,451,176	2,045,276
Fixed assets, net	65,799	77,127
Software development costs and licenses, net of current portion	327,117	214,831
Deferred cost of goods sold, net of current portion		17,915
Goodwill	213,522	217,080
Other intangibles, net	3,211	4,609
Other assets	28,274	13,439
Total assets	3,089,099	2,590,277
Current liabilities:
Accounts payable	54,248	30,448
Accrued expenses and other current liabilities	736,176	607,479
Deferred revenue	1,073,393	582,484
Total current liabilities	1,863,817	1,220,411
Long-term debt	258,876	497,935
Non-current deferred revenue	11,255	216,319
Other long-term liabilities	134,230	74,227
Total liabilities	2,268,178	2,008,892
Commitments and Contingencies (See Note 13)
Stockholders' equity:
Preferred stock, $.01 par value, 5,000 shares authorized; no shares issued and outstanding at December 31, 2016 and March 31, 2016
Common stock, $.01 par value, 200,000 shares authorized; 117,990 and 103,765 shares issued and 100,798 and 86,573 outstanding at December 31, 2016 and March 31, 2016, respectively	1,180	1,038
Additional paid-in capital	1,370,278	1,088,628
Treasury stock, at cost; 17,192 common shares at December 31, 2016 and March 31, 2016	(303,388)	(303,388)
Accumulated deficit	(198,974)	(166,997)
Accumulated other comprehensive loss	(48,175)	(37,896)
Total stockholders' equity	820,921	581,385
Total liabilities and stockholders' equity	$ 3,089,099	$ 2,590,277

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2016
CONDENSED CONSOLIDATED BALANCE SHEETS
Accounts receivable, allowances (in dollars)	$ 107,347	$ 45,552
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	117,990,000	103,765,000
Common stock, shares outstanding	100,798,000	86,573,000
Treasury stock, shares	17,192,000	17,192,000

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Net revenue	$ 476,473	$ 414,221	$ 1,208,192	$ 1,036,492
Cost of goods sold	311,074	257,861	708,059	604,416
Gross profit	165,399	156,360	500,133	432,076
Selling and marketing	95,820	59,846	247,141	160,289
General and administrative	52,939	49,061	149,367	148,057
Research and development	37,589	27,944	101,494	86,499
Business reorganization		71,172		71,172
Depreciation and amortization	7,460	7,534	22,329	21,462
Total operating expenses	193,808	215,557	520,331	487,479
Loss from operations	(28,409)	(59,197)	(20,198)	(55,403)
Interest and other, net	(3,715)	(8,018)	(15,298)	(23,948)
Gain on long-term investments, net			1,350
Loss before income taxes	(32,124)	(67,215)	(34,146)	(79,351)
Benefit from income taxes	(2,282)	(24,802)	(2,169)	(24,650)
Net loss	$ (29,842)	$ (42,413)	$ (31,977)	$ (54,701)
Loss per share:
Basic and diluted loss per share (in dollars per share)	$ (0.33)	$ (0.51)	$ (0.37)	$ (0.66)

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
Net loss	$ (29,842)	$ (42,413)	$ (31,977)	$ (54,701)
Other comprehensive loss:
Foreign currency translation adjustment	(5,040)	(5,281)	(10,067)	(3,961)
Reclassification to earnings for realized gains on cash flow hedges		(17)		(17)
Change in fair value of effective cash flow hedges		(17)		(17)
Unrealized loss, net on available-for-sale securities, net of taxes	(264)	(114)	(221)	(159)
Reclassification to earnings for realized gains, net on available for sale securities, net of taxes		26	9	26
Change in fair value of available for sale securities	(264)	(88)	(212)	(133)
Other comprehensive loss	(5,304)	(5,386)	(10,279)	(4,111)
Comprehensive loss	$ (35,146)	$ (47,799)	$ (42,256)	$ (58,812)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Operating activities:
Net loss	$ (31,977)	$ (54,701)
Adjustments to reconcile net loss to net cash provided by operating activities:
Amortization and impairment of software development costs and licenses	130,019	83,056
Depreciation and amortization	22,329	21,462
Amortization and impairment of intellectual property	1,398	160
Stock-based compensation	55,421	54,144
Amortization of discount on Convertible Notes	17,870	17,454
Amortization of debt issuance costs	1,078	1,181
Other, net	(3,604)	2,573
Changes in assets and liabilities:
Restricted cash	(17,372)	(34,411)
Accounts receivable	(160,095)	(46,227)
Inventory	(15,876)	(374)
Software development costs and licenses	(194,422)	(170,074)
Prepaid expenses, other current and other non-current assets	(31,460)	(6,514)
Deferred revenue	302,728	184,955
Deferred cost of goods sold	(66,502)	(54,418)
Accounts payable, accrued expenses and other liabilities	230,067	190,557
Net cash provided by operating activities	239,602	188,823
Investing activities:
Change in bank time deposits	66,841	(189,564)
Proceeds from available-for-sale securities	101,357	19,014
Purchases of available-for-sale securities	(104,357)	(25,768)
Purchases of fixed assets	(14,369)	(28,579)
Proceeds from sale of long-term investment	1,350
Purchase of long-term investments	(1,885)
Business acquisitions, net of cash acquired	(750)
Net cash provided by (used in) investing activities	48,187	(224,897)
Financing activities:
Excess tax benefit from stock-based compensation	1,499	1,509
Tax payment related to net share settlements on restricted stock awards	(36,734)	(14,506)
Repurchase of common stock		(26,552)
Net cash used in financing activities	(35,235)	(39,549)
Effects of foreign currency exchange rates on cash and cash equivalents	(11,866)	(256)
Net increase (decrease) in cash and cash equivalents	240,688	(75,879)
Cash and cash equivalents, beginning of year	798,742	911,120
Cash and cash equivalents, end of year	$ 1,039,430	$ 835,241

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES

9 Months Ended

Dec. 31, 2016

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES

1. BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES

Take-Two Interactive Software, Inc. (the "Company," "we," "us," or similar pronouns) was incorporated in the state of Delaware in 1993. We are a leading developer, publisher and marketer of interactive entertainment for consumers around the globe. We develop and publish products through our two wholly-owned labels Rockstar Games and 2K. Our products are designed for console systems and personal computers, including smart phones and tablets, and are delivered through physical retail, digital download, online platforms and cloud streaming services.

Basis of Presentation

The accompanying Condensed Consolidated Financial Statements are unaudited and include the accounts of the Company and its wholly-owned subsidiaries and, in the opinion of management, reflect all normal and recurring adjustments necessary for the fair presentation of our financial position, results of operations and cash flows. Interim results may not be indicative of the results that may be expected for the full fiscal year. All inter-company accounts and transactions have been eliminated in consolidation. The preparation of these Condensed Consolidated Financial Statements in accordance with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in these Condensed Consolidated Financial Statements and accompanying notes. As permitted under generally accepted accounting principles in the United States, interim accounting for certain expenses, including income taxes, are based on full year assumptions when appropriate. Actual results could differ materially from those estimates.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been omitted pursuant to the rules and regulations of the Securities and Exchange Commission, although we believe that the disclosures are adequate to make the information presented not misleading. These Condensed Consolidated Financial Statements and accompanying notes should be read in conjunction with our annual consolidated financial statements and the notes thereto, included in our Annual Report on Form 10-K for the fiscal year ended March 31, 2016.

Certain immaterial reclassifications have been made to prior period amounts to conform to the current period presentation.

The following is an update to our Significant Accounting Policies disclosed in our Annual Report on Form 10-K for the fiscal year ended March 31, 2016.

Revenue Recognition

Because the service period for our online-enabled games with significant post-contract customer support ("PCS") is not an explicitly defined period, we must make an estimate of the service offering period for purposes of recognizing revenue. As our franchise offerings with significant PCS are relatively new offerings, we have limited historical data to assess end-user game playing patterns. Therefore, the estimated service period for current deferred title offerings is based on our estimate of the economic game life of the respective title. Determining the estimated service period (or economic game life) is inherently subjective and is subject to regular revision based on numerous factors and considerations. The factors that we primarily consider as part of our process of initially determining and subsequently reassessing estimated service periods for our Grand Theft Auto and other franchise titles include:


	•	the period of time over which the substantial majority of a respective title's estimated lifetime game sales and in-game virtual currency sales are expected to occur;
	•	the period of time over which we plan to provide free unspecified add-on content updates, maintenance or other remaining material online support services associated with our online-enabled games;
	•	the time over which we plan to dedicate internal resources to support the online functionality of a title;
	•	known and expected online gameplay trends;
	•	the results from prior analyses;
	•	the nature of the game (e.g., annual title, genre, period of time between franchise title releases, etc.); and
	•	the disclosed service periods for competitors' games.

To the extent we have recorded significant amounts of revenue deferred for specific titles, changes in the estimated service periods could materially impact the revenue recognition reported in a particular period.

During the quarter ended December 31, 2016, we deferred revenues and related cost of goods sold related to Mafia III, which released in October 2016, due to specified elements for which we do not have vendor specific objective evidence ("VSOE") of fair value being delivered at a later date.

Recently Issued Accounting Pronouncements

Accounting for Stock Compensation

In March 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2016-09, Compensation—Stock Compensation. This new guidance identifies areas for simplification involving several aspects of accounting for share-based payment transactions, including income tax consequences, classification of awards as either equity or liabilities, an option to recognize gross stock compensation expense with actual forfeitures recognized as they occur, as well as certain classifications on the statement of cash flows. This update is effective for annual periods beginning after December 15, 2016 (April 1, 2017 for the Company) and interim periods within those annual periods. Early adoption is permitted in any interim or annual period. We are currently evaluating the impact of adopting this update on our Consolidated Financial Statements.

Accounting for Leases

In February 2016, the FASB issued ASU 2016-02, Leases. This new guidance requires lessees to recognize a right-of-use asset and a lease liability for virtually all leases (other than leases that meet the definition of a short-term lease). The liability will be equal to the present value of lease payments. The asset will be based on the liability, subject to adjustment, such as for initial direct costs. For income statement purposes, the FASB retained a dual model, requiring leases to be classified as either operating or finance. Operating leases will result in straight-line expense (similar to current operating leases) while finance leases will result in a front-loaded expense pattern (similar to current capital leases). Classification will be based on criteria that are largely similar to those applied in current lease accounting. This update is effective for annual periods, and interim periods within those years, beginning after December 15, 2018 (April 1, 2019 for the Company). This new guidance must be adopted using a modified retrospective approach whereby lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. Early adoption is permitted. We are currently evaluating the impact of adopting this update on our Consolidated Financial Statements, which will consist primarily of a balance sheet gross up of our operating leases, mostly for office space.

Revenue from Contracts with Customers

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers ("ASU 2014-09"), as a new Topic, Accounting Standards Codification Topic 606. The new revenue recognition standard provides a five-step analysis of transactions to determine when and how revenue is recognized. The core principle is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In March 2016, the FASB amended ASU 2014-09 by issuing ASU 2016-08, Revenue from Contracts with Customers: Principal versus Agent Considerations (Reporting Revenue Gross versus Net), which clarifies the implementation guidance on principal versus agent considerations included in ASU 2014-09. The guidance includes indicators to assist an entity in determining whether it controls a specified good or service before it is transferred to customers. In April 2016, the FASB amended ASU 2014-09 by issuing ASU 2016-10, Revenue from Contracts with Customers: Identifying Performance Obligations and Licensing, which clarify the implementation guidance on licensing and identifying performance obligations. In May and December 2016, the FASB further amended ASU 2014-09 by issuing ASU 2016-12, Revenue from Contracts with Customers: Narrow-Scope Improvements and Practical Expedients and ASU 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers, respectively, which do not change the core principles of the standard, but clarifies the guidance on assessing collectibility, presenting sales taxes, measuring noncash consideration, and certain transition matters. ASU 2014-09 and its amendments can be adopted retrospectively to each period presented or as a cumulative-effect adjustment as of the date of adoption. In July 2015, the FASB voted to defer the effective date by one year to annual and interim years beginning after December 15, 2017 (April 1, 2018 for the Company). Early adoption is permitted, but no earlier than the original effective date of annual and interim periods beginning after December 15, 2016 (April 1, 2017 for the Company). We anticipate this standard may have a material impact on our consolidated financial statements. While we are continuing to assess all potential impacts of the standard, we currently believe the most significant impact relates to our accounting for on-line enabled games that benefit from game related services (previously referred to as post customer support or "PCS".)

MANAGEMENT AGREEMENT

9 Months Ended

Dec. 31, 2016

MANAGEMENT AGREEMENT

MANAGEMENT AGREEMENT

2. MANAGEMENT AGREEMENT

In May 2011, we entered into an amended management services agreement, (the "2011 Management Agreement") with ZelnickMedia Corporation ("ZelnickMedia") pursuant to which ZelnickMedia provided us with certain management, consulting and executive level services. In March 2014, we entered into a new management agreement, (the "2014 Management Agreement"), with ZelnickMedia pursuant to which ZelnickMedia continues to provide financial and management consulting services to the Company through March 31, 2019. The 2014 Management Agreement became effective April 1, 2014 and supersedes and replaces the 2011 Management Agreement, except as otherwise contemplated by the 2014 Management Agreement. As part of the 2014 Management Agreement, Strauss Zelnick, the President of ZelnickMedia, continues to serve as Executive Chairman and Chief Executive Officer and Karl Slatoff, a partner of ZelnickMedia, continues to serve as President of the Company. The 2014 Management Agreement provides for an annual management fee of $2,970 over the term of the agreement and a maximum annual bonus opportunity of $4,752 over the term of the agreement, based on the Company achieving certain performance thresholds. In consideration for ZelnickMedia's services, we recorded consulting expense (a component of general and administrative expenses) of $2,440 and $1,931 during the three months ended December 31, 2016 and 2015, respectively, and $5,113 and $5,792 during the nine months ended December 31, 2016 and 2015, respectively. We recorded stock-based compensation expense for non-employee restricted stock units granted to ZelnickMedia, which is included in general and administrative expenses of $7,066 and $8,450 during the three months ended December 31, 2016 and 2015, respectively, and $17,862 and $16,737 during the nine months ended December 31, 2016 and 2015, respectively.

In connection with the 2014 Management Agreement, we granted restricted stock units as follows:

	Nine Months Ended December 31,
	2016		2015
Time-based		107,551		151,575
Market-based(1)		199,038		280,512
Performance-based(1)
New IP		33,174		46,752
Major IP		33,172		46,752

Total—Performance-based		66,346		93,504

Total Restricted Stock Units		372,935		525,591


(1)	Represents the maximum number of shares eligible to vest.

Time-based restricted stock units granted in 2016 will vest on April 1, 2018 and those granted in 2015 will vest on April 4, 2017, in each case provided that the 2014 Management Agreement has not been terminated prior to such vesting date.

Market-based restricted stock units granted in 2016 are eligible to vest on April 4, 2018 and those granted in 2015 are eligible to vest on April 4, 2017, in each case provided that the 2014 Management Agreement has not been terminated prior to such vesting date. Market-based restricted stock units are eligible to vest based on the Company's Total Shareholder Return (as defined in the relevant grant agreement) relative to the Total Shareholder Return (as defined in the relevant grant agreement) of the companies that constitute the NASDAQ Composite Index as of the grant date measured over a two-year period. To earn the target number of market-based restricted stock units (which represents 50% of the number of the market-based restricted stock units set forth in the table above), the Company must perform at the 50th percentile, with the maximum number of market-based restricted stock units earned if the Company performs at the 75th percentile. Each reporting period we re-measure the fair value of the unvested shares of market-based restricted stock units granted to ZelnickMedia.

Performance-based restricted stock units granted in 2016 are eligible to vest on April 4, 2018 and those granted in 2015 are eligible to vest on April 4, 2017, in each case provided that the 2014 Management Agreement has not been terminated prior to such vesting date. Performance-based restricted stock units, of which 50% are tied to "New IP" and 50% to "Major IP" (as defined in the relevant grant agreement), are eligible to vest based on the Company's achievement of certain performance metrics (as defined in the relevant grant agreement) of individual product releases of "New IP" or "Major IP" measured over a two-year period. The target number of performance-based restricted stock units that may be earned pursuant to these grants is equal to 50% of the grant amounts set forth in the above table (the numbers in the table represent the maximum number of performance-based restricted stock units that may be earned). Each reporting period we assess the performance metric and upon achievement of certain thresholds record an expense for the unvested portion of the shares of performance-based restricted stock units. Certain performance metrics, based on unit sales, have been achieved as of December 31, 2016 for the "Major IP" performance-based restricted stock units granted in 2016 and 2015.

The unvested portion of time-based, market-based and performance-based restricted stock units held by ZelnickMedia were 898,526 and 1,145,081 as of December 31, 2016 and March 31, 2016, respectively. In addition to the restricted stock units granted to ZelnickMedia, 591,912 restricted stock units vested and 27,578 restricted stock units were forfeited during the nine months ended December 31, 2016.

FAIR VALUE MEASUREMENTS

9 Months Ended

Dec. 31, 2016

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS

3. FAIR VALUE MEASUREMENTS

The carrying amounts of our financial instruments, including cash and cash equivalents, restricted cash, accounts receivable, accounts payable and accrued expenses and other current liabilities, approximate fair value because of their short maturities.

We follow a three-level fair value hierarchy that prioritizes the inputs used to measure fair value. This hierarchy requires entities to maximize the use of "observable inputs" and minimize the use of "unobservable inputs." The three levels of inputs used to measure fair value are as follows:


	•	Level 1—Quoted prices in active markets for identical assets or liabilities.
	•	Level 2—Observable inputs other than quoted prices included in Level 1, such as quoted prices for markets that are not active or other inputs that are observable or can be corroborated by observable market data.
	•	Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs.

The table below segregates all assets and liabilities that are measured at fair value on a recurring basis (which is measured at least annually) into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value at the measurement date.

	December 31, 2016			Quoted prices in active markets for identical assets (level 1)		Significant other observable inputs (level 2)			Significant unobservable inputs (level 3)		Balance Sheet Classification
Money market funds	$	660,481		$	660,481	$	—		$	—	Cash and cash equivalents
Bank-time deposits		55,630			55,630		—			—	Cash and cash equivalents
Corporate bonds		206,655			—		206,655			—	Short-term investments
Bank-time deposits		197,868			197,868		—			—	Short-term investments
Foreign currency forward contracts		162			—		162			—	Prepaid expenses and other
Foreign currency forward contracts		(21	)		—		(21	)		—	Accrued and other current liabilities

Total recurring fair value measurements, net	$	1,120,775		$	913,978	$	206,796		$	—

	March 31, 2016			Quoted prices in active markets for identical assets (level 1)		Significant other observable inputs (level 2)			Significant unobservable inputs (level 3)		Balance Sheet Classification
Money market funds	$	562,726		$	562,726	$	—		$	—	Cash and cash equivalents
Corporate bonds		205,250			—		205,250			—	Short-term investments
Bank-time deposits		265,570			265,570		—			—	Short-term investments
Foreign currency forward contracts		(137	)		—		(137	)		—	Accrued and other current liabilities

Total recurring fair value measurements, net	$	1,033,409		$	828,296	$	205,113		$	—

We did not have any transfers between Level 1 and Level 2 fair value measurements during the nine months ended December 31, 2016.

Debt

As of December 31, 2016, the estimated fair value of our 1.00% Convertible Notes due 2018 (the "1.00% Convertible Notes") was $640,198. The fair value was determined using Level 2 inputs, observable market data, for the 1.00% Convertible Notes and their embedded option feature. See Note 9 for additional information regarding our 1.00% Convertible Notes.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

SHORT-TERM INVESTMENTS

9 Months Ended

Dec. 31, 2016

SHORT-TERM INVESTMENTS

SHORT-TERM INVESTMENTS

4. SHORT-TERM INVESTMENTS

Our short-term investments consisted of the following:

	December 31, 2016
			Gross Unrealized
	Cost or Amortized Cost		Gross Unrealized
	Cost or Amortized Cost		Gains		Losses			Fair Value
Short-term investments
Bank time deposits	$	197,868	$	—	$	—		$	197,868
Available-for-sale securities:
Corporate bonds		206,783		114		(242	)		206,655

Total short-term investments	$	404,651	$	114	$	(242	)	$	404,523

	March 31, 2016
			Gross Unrealized
	Cost or Amortized Cost		Gross Unrealized
	Cost or Amortized Cost		Gains		Losses			Fair Value
Short-term investments
Bank time deposits	$	265,570	$	—	$	—		$	265,570
Available-for-sale securities:
Corporate bonds		205,166		131		(47	)		205,250

Total short-term investments	$	470,736	$	131	$	(47	)	$	470,820

We consider various factors in the review of investments with an unrealized loss, including the credit quality of the issuer, the duration that the fair value has been less than the adjusted cost basis, the severity of the impairment, the reason for the decline in value and our intent to sell and ability to hold the investment for a period of time sufficient to allow for any anticipated recovery in market value. Based on our review, we did not consider these investments to be other-than-temporarily impaired as of December 31, 2016 or March 31, 2016.

The following table summarizes the contracted maturities of our short-term investments at December 31, 2016:

	December 31, 2016
	Amortized Cost		Fair Value
Short-term investments
Due in 1 year or less	$	357,271	$	357,292
Due in 1 - 2 years		47,380		47,231

Total short-term investments	$	404,651	$	404,523

- Definition

The entire disclosure for investments in certain debt and equity securities.

+ References + Details

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

9 Months Ended

Dec. 31, 2016

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

5. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

Our risk management strategy includes the use of derivative financial instruments to reduce the volatility of earnings and cash flows associated with changes in foreign currency exchange rates. We do not enter into derivative financial contracts for speculative or trading purposes. We recognize derivative instruments as either assets or liabilities on our Condensed Consolidated Balance Sheets, and we measure those instruments at fair value. We classify cash flows from derivative transactions as cash flows from operating activities in our Condensed Consolidated Statements of Cash Flows.

The following table shows the gross notional amounts of foreign currency forward contracts:

	December 31, 2016		March 31, 2016
Forward contracts to sell foreign currencies	$	116,540	$	54,529
Forward contracts to purchase foreign currencies		2,481		2,409

For the three months ended December 31, 2016 and 2015, we recorded a gain of $11,158 and $1,230, respectively, and for the nine months ended December 31, 2016 and 2015, we recorded a gain of $11,731 and $908, respectively, related to foreign currency forward contracts in interest and other, net in our Condensed Consolidated Statements of Operations. Our derivative contracts are foreign currency exchange forward contracts that are not designated as hedging instruments under hedge accounting and are used to reduce the impact of foreign currency on certain balance sheet exposures and certain revenue and expense. These instruments are generally short term in nature, with typical maturities of less than one year, and are subject to fluctuations in foreign exchange rates.

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

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+ Details

INVENTORY

9 Months Ended

Dec. 31, 2016

INVENTORY

INVENTORY

6. INVENTORY

Inventory balances by category are as follows:

	December 31, 2016		March 31, 2016
Finished products	$	24,424	$	14,321
Parts and supplies		2,241		1,567

Inventory	$	26,665	$	15,888

Estimated product returns included in inventory at December 31, 2016 and March 31, 2016 were $2,790 and $527, respectively.

SOFTWARE DEVELOPMENT COSTS AND LICENSES

9 Months Ended

Dec. 31, 2016

SOFTWARE DEVELOPMENT COSTS AND LICENSES

SOFTWARE DEVELOPMENT COSTS AND LICENSES

7. SOFTWARE DEVELOPMENT COSTS AND LICENSES

Details of our capitalized software development costs and licenses are as follows:

	December 31, 2016				March 31, 2016
	Current		Non-current		Current		Non-current
Software development costs, internally developed	$	109,070	$	263,689	$	131,378	$	162,261
Software development costs, externally developed		14,506		63,428		46,888		45,703
Licenses		2,609		—		121		6,867

Software development costs and licenses	$	126,185	$	327,117	$	178,387	$	214,831

Software development costs and licenses as of December 31, 2016 and March 31, 2016 included $327,100 and $343,450, respectively, related to titles that have not been released. During the three months ended December 31, 2016 and 2015, we recorded $7,731 and $0, respectively, of software development impairment charges (a component of cost of goods sold). During the nine months ended December 31, 2016 and 2015, we recorded $19,325, and $2,133, respectively, of software development impairment charges (a component of cost of goods sold).

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

9 Months Ended

Dec. 31, 2016

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

8. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued expenses and other current liabilities consist of the following:

	December 31, 2016		March 31, 2016
Software development royalties		432,327	$	414,492
Compensation and benefits		68,026		39,919
Business reorganization		65,935		66,323
Marketing and promotions		63,491		14,938
Licenses		48,546		31,825
Other		57,851		39,982

Accrued expenses and other current liabilities	$	736,176	$	607,479

DEBT

9 Months Ended

Dec. 31, 2016

DEBT

DEBT

9. DEBT

Credit Agreement

In April 2016, we entered into a Sixth Amendment to our Second Amended and Restated Credit Agreement (as amended, the "Credit Agreement"). The Credit Agreement provides for borrowings of up to $100,000 which may be increased by up to $100,000 pursuant to the terms of the Credit Agreement and which is secured by substantially all of our assets and the equity of our subsidiaries. The Credit Agreement expires on August 18, 2019. Revolving loans under the Credit Agreement bear interest at our election of (a) 0.25% to 0.75% above a certain base rate (3.75% at December 31, 2016) or (b) 1.25% to 1.75% above the LIBOR Rate (approximately 2.02% at December 31, 2016), with the margin rate subject to the achievement of certain average liquidity levels. We are also required to pay a monthly fee on the unused available balance, ranging from 0.25% to 0.375% based on availability. We had no outstanding borrowings at December 31, 2016 and March 31, 2016.

Availability under the Credit Agreement is unrestricted when liquidity, as defined in the Credit Agreement, is at least $300,000. When liquidity is below $300,000 availability under the Credit Agreement is restricted by our United States and United Kingdom based accounts receivable and inventory balances. The Credit Agreement also allows for the issuance of letters of credit in an aggregate amount of up to $5,000.

Information related to availability on our Credit Agreement is as follows:

	December 31, 2016		March 31, 2016
Available borrowings	$	98,336	$	98,335
Outstanding letters of credit		1,664		1,664

We recorded interest expense and fees related to the Credit Agreement of $111 for the three months ended December 31, 2016 and 2015 and $332 for the nine months ended December 31, 2016 and 2015. The Credit Agreement contains covenants that substantially limit us and our subsidiaries' ability to create, incur, assume or be liable for indebtedness; dispose of assets outside the ordinary course of business; acquire, merge or consolidate with or into another person or entity; create, incur or allow any lien on any of their respective properties; make investments; or pay dividends or make distributions (each subject to certain limitations); or optionally prepay any indebtedness (subject to certain exceptions, including an exception permitting the redemption of our unsecured convertible senior notes upon the meeting of certain minimum liquidity requirements). In addition, the Credit Agreement provides for certain events of default such as nonpayment of principal and interest, breaches of representations and warranties, noncompliance with covenants, acts of insolvency, default on indebtedness held by third parties and default on certain material contracts (subject to certain limitations and cure periods). The Credit Agreement also contains a requirement that we maintain an interest coverage ratio of more than one to one for the trailing twelve-month period, if certain average liquidity levels fall below $30,000.

1.75% Convertible Notes Due 2016

On November 16, 2011, we issued $250,000 aggregate principal amount of 1.75% Convertible Notes due 2016 (the "1.75% Convertible Notes"). The issuance of the 1.75% Convertible Notes included $30,000 related to the exercise of an over-allotment option by the underwriters. Interest on the 1.75% Convertible Notes was payable semi-annually in arrears on June 1st and December 1st of each year, commencing on June 1, 2012. The 1.75% Convertible Notes matured on December 1, 2016, unless earlier repurchased by the Company or converted. We did not have the right to redeem the 1.75% Convertible Notes prior to maturity.

The 1.75% Convertible Notes were convertible at an initial conversion rate of 52.3745 shares of our common stock per $1 principal amount of 1.75% Convertible Notes (representing an initial conversion price of approximately $19.093 per share of common stock for a total of approximately 13,094,000 underlying conversion shares) subject to adjustment in certain circumstances. As of June 1, 2016 until the close of business on the business day immediately preceding the maturity date, holders were eligible to convert their 1.75% Convertible Notes at any time. Prior to September 27, 2016, upon conversion, the 1.75% Convertible Notes were eligible to be settled, at our election, in cash, shares of our common stock, or a combination of cash and shares of our common stock. On September 27, 2016, we elected to settle our conversion obligations in connection with the 1.75% Convertible Notes solely in shares of our common stock and accordingly notified the Trustee. As such, we continued to classify these 1.75% Convertible Notes as long-term debt until their maturity.

Prior to December 1, 2016, holders of the 1.75% Convertible Notes elected to convert such notes, and we settled all such notes during the period by converting them to shares of our common stock using the initial conversion rate. At maturity, the if-converted value exceeded the principal amount of $250,000 by $368,430.

We previously separately accounted for the liability and equity components of the 1.75% Convertible Notes in a manner that reflected our nonconvertible debt borrowing rate when interest expense is recognized in subsequent periods. We estimated the fair value of the 1.75% Convertible Notes to be $197,373, as of the date of issuance of our 1.75% Convertible Notes, assuming a 6.9% non-convertible borrowing rate. The carrying amount of the equity component was determined to be $52,627 by deducting the fair value of the liability component from the par value of the 1.75% Convertible Notes. The excess of the principal amount of the liability component over its carrying amount was amortized to interest and other, net over the term of the 1.75% Convertible Notes using the effective interest method. The equity component was not remeasured as it continued to meet the conditions for equity classification. In accounting for the $6,875 of banking, legal and accounting fees related to the issuance of the 1.75% Convertible Notes, we allocated $5,428 to the liability component and $1,447 to the equity component. Debt issuance costs attributable to the liability component were amortized to interest and other, net over the term of the 1.75% Convertible Notes, and issuance costs attributable to the equity component were netted with the equity component in additional paid-in capital.

The following table provides additional information related to our 1.75% Convertible Notes:

	December 31, 2016		March 31, 2016
Additional paid-in capital	$	—	$	51,180

Principal amount of 1.75% Convertible Notes	$	—	$	250,000
Unamortized discount of the liability component		—		8,014
Carrying amount of debt issuance costs		—		657

Net carrying amount of 1.75% Convertible Notes	$	—	$	241,329

The following table provides the components of interest expense related to our 1.75% Convertible Notes:

	Three Months Ended December 31,				Nine Months Ended December 31,
	2016		2015		2016		2015
Cash interest expense (coupon interest expense)	$	711	$	1,094	$	2,898	$	3,281
Non-cash amortization of discount on 1.75% Convertible Notes		2,038		2,867		8,014		8,458
Amortization of debt issuance costs		171		250		657		758

Total interest expense related to 1.75% Convertible Notes	$	2,920	$	4,211	$	11,569	$	12,497

1.00% Convertible Notes Due 2018

On June 18, 2013, we issued $250,000 aggregate principal amount of 1.00% Convertible Notes due 2018. The 1.00% Convertible Notes were issued at 98.5% of par value for proceeds of $246,250. Interest on the 1.00% Convertible Notes is payable semi-annually in arrears on July 1st and January 1st of each year, commencing on January 1, 2014. The 1.00% Convertible Notes mature on July 1, 2018, unless earlier repurchased by the Company or converted. We do not have the right to redeem the 1.00% Convertible Notes prior to maturity. We also granted the underwriters a 30-day option to purchase up to an additional $37,500 principal amount of 1.00% Convertible Notes to cover overallotments, if any. On July 17, 2013, we closed our public offering of $37,500 principal amount of our 1.00% Convertible Notes as a result of the underwriters exercising their overallotment option in full on July 12, 2013, bringing the total proceeds to $283,188.

The 1.00% Convertible Notes are convertible at an initial conversion rate of 46.4727 shares of our common stock per $1 principal amount of 1.00% Convertible Notes (representing an initial conversion price of approximately $21.52 per share of common stock for a total of approximately 13,361,000 underlying conversion shares) subject to adjustment in certain circumstances. Holders may convert the 1.00% Convertible Notes at their option prior to the close of business on the business day immediately preceding January 1, 2018 only under the following circumstances: (1) during any fiscal quarter commencing after September 30, 2013, if the last reported sale price of the common stock for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on the last trading day of the preceding fiscal quarter is greater than or equal to 130% of the applicable conversion price on each applicable trading day; (2) during the five business day period after any 10 consecutive trading day period (the "measurement period") in which the trading price per $1 principal amount of 1.00% Convertible Notes for each day of that measurement period was less than 98% of the product of the last reported sale price of our common stock and the applicable conversion rate on each such day; or (3) upon the occurrence of specified corporate events. On and after January 1, 2018 until the close of business on the business day immediately preceding the maturity date, holders may convert their 1.00% Convertible Notes at any time, regardless of the foregoing circumstances. Upon conversion, the 1.00% Convertible Notes may be settled, at our election, in cash, shares of our common stock, or a combination of cash and shares of our common stock. Our common stock price exceeded 130% of the applicable conversion price per share for at least 20 trading days during the 30 consecutive trading days ended December 31, 2016. Accordingly, as of January 1, 2017, the 1.00% Convertible Notes may be converted at the holder's option through March 31, 2017. During the three months ended December 31, 2016, 1.00% Convertible Notes with an aggregate principal amount of $8,352 were settled and an additional 1.00% Convertible Notes with an aggregate principal amount of $10 were tendered for conversion, with January 2017 settlement dates. We elected to settle in shares of our common stock, and our intent and ability, given our option, would be to settle future conversions in shares of our common stock. As such, we have continued to classify these 1.00% Convertible Notes as long-term debt.

Upon the occurrence of certain fundamental changes involving the Company, holders of the 1.00% Convertible Notes may require us to purchase all or a portion of their 1.00% Convertible Notes for cash at a price equal to 100% of the principal amount of the notes to be purchased, plus accrued and unpaid interest (including additional interest, if any) to, but excluding, the fundamental change purchase date.

The indenture governing the 1.00% Convertible Notes contains customary terms and covenants and events of default. If an event of default (as defined therein) occurs and is continuing, the Trustee by notice to the Company, or the holders of at least 25% in aggregate principal amount of the 1.00% Convertible Notes then outstanding by notice to the Company and the Trustee, may, and the Trustee at the request of such holders shall, declare 100% of the principal of and accrued and unpaid interest (including additional interest, if any) on all the 1.00% Convertible Notes to be due and payable. In the case of an event of default arising out of certain bankruptcy events, 100% of the principal of and accrued and unpaid interest (including additional interest, if any), on the 1.00% Convertible Notes will automatically become due and payable immediately.

The 1.00% Convertible Notes are senior unsecured obligations and rank senior in right of payment to our existing and future indebtedness that is expressly subordinated in right of payment to the 1.00% Convertible Notes; equal in right of payment to our existing and future indebtedness that is not so subordinated; effectively junior in right of payment to any of our secured indebtedness to the extent of the value of the assets securing such indebtedness; and structurally junior to all existing and future indebtedness incurred by our subsidiaries.

We separately account for the liability and equity components of the 1.00% Convertible Notes in a manner that reflects our nonconvertible debt borrowing rate. We estimated the fair value of the 1.00% Convertible Notes to be $225,567 upon issuance of our 1.00% Convertible Notes, assuming a 6.15% non-convertible borrowing rate. The carrying amount of the equity component was determined to be approximately $57,621 by deducting the fair value of the liability component from the net proceeds of the 1.00% Convertible Notes. The excess of the principal amount of the liability component over its carrying amount is amortized to interest and other, net over the term of the 1.00% Convertible Notes using the effective interest method. The equity component is not remeasured as long as it continues to meet the conditions for equity classification. In accounting for the $2,815 of banking, legal and accounting fees related to the issuance of the 1.00% Convertible Notes, we allocated $2,209 to the liability component and $606 to the equity component. Debt issuance costs attributable to the liability component are being amortized to interest and other, net over the term of the 1.00% Convertible Notes, and issuance costs attributable to the equity component were netted with the equity component in additional paid-in capital.

As of December 31, 2016 and March 31, 2016, the if-converted value of our 1.00% Convertible Notes exceeded the principal amount of $279,148 and $287,500, respectively by $360,284 and $215,809, respectively.

The following table provides additional information related to our 1.00% Convertible Notes:

	December 31, 2016		March 31, 2016
Additional paid-in capital	$	35,784	$	35,784

Principal amount of 1.00% Convertible Notes	$	279,148	$	287,500
Unamortized discount of the liability component		19,683		29,972
Carrying amount of debt issuance costs		589		922

Net carrying amount of 1.00% Convertible Notes	$	258,876	$	256,606

The following table provides the components of interest expense related to our 1.00% Convertible Notes:

	Three Months Ended December 31,				Nine Months Ended December 31,
	2016		2015		2016		2015
Cash interest expense (coupon interest expense)	$	698	$	719	$	2,115	$	2,156
Non-cash amortization of discount on 1.00% Convertible Notes		3,285		3,043		10,289		8,996
Amortization of debt issuance costs		99		110		333		334

Total interest expense related to 1.00% Convertible Notes	$	4,082	$	3,872	$	12,737	$	11,486

LOSS PER SHARE ("EPS")

9 Months Ended

Dec. 31, 2016

LOSS PER SHARE ("EPS")

LOSS PER SHARE ("EPS")

10. LOSS PER SHARE ("EPS")

The following table sets forth the computation of basic and diluted loss per share (shares in thousands):

	Three Months Ended December 31,						Nine Months Ended December 31,
	2016			2015			2016			2015
Computation of Basic and Diluted Loss per Share:
Net loss	$	(29,842	)	$	(42,413	)	$	(31,977	)	$	(54,701	)
Weighted average common shares outstanding—basic and diluted		90,428			83,426			86,796			83,338

Basic and diluted loss per share	$	(0.33	)	$	(0.51	)	$	(0.37	)	$	(0.66	)

We incurred a net loss for the three and nine months ended December 31, 2016 and 2015; therefore, the basic and diluted weighted average shares outstanding exclude the effect of the unvested share-based awards that are considered participating securities and all common stock equivalents because their effect would be antidilutive. For the three and nine months ended December 31, 2016 and 2015, we had 4,912,000 and 7,255,000, respectively, of unvested share-based awards which are excluded from the EPS calculation due to the net loss for those periods.

Certain of our unvested restricted stock awards (including restricted stock units and time-based and market-based restricted stock awards) are considered participating securities since these securities have non-forfeitable rights to dividends or dividend equivalents during the contractual period of the award, and thus require the two-class method of computing EPS.

We define common stock equivalents as restricted stock awards and common stock related to the Convertible Notes (see Note 9) outstanding during the period. Common stock equivalents are measured using the treasury stock method, except for the Convertible Notes, which are assessed for their effect on diluted EPS using the more dilutive of the treasury stock method or the if-converted method. Under the provisions of the if-converted method, the Convertible Notes are assumed to be converted and included in the denominator of the EPS calculation and the interest expense, net of tax, recorded in connection with the Convertible Notes is added back to the numerator.

During the nine months ended December 31, 2016, 2,696,000 restricted stock awards vested, and we issued 1,275,000 of unvested restricted stock awards and canceled 72,000 of unvested restricted stock awards.

ACCUMULATED OTHER COMPREHENSIVE LOSS

9 Months Ended

Dec. 31, 2016

ACCUMULATED OTHER COMPREHENSIVE LOSS

ACCUMULATED OTHER COMPREHENSIVE LOSS

11. ACCUMULATED OTHER COMPREHENSIVE LOSS

The following table provides the components of accumulated other comprehensive loss:

	Nine Months Ended December 31, 2016
	Foreign currency translation adjustments			Unrealized gain (loss) on derivative instruments		Unrealized gain (loss) on available-for- sales securities(1)			Total
Balance at March 31, 2016	$	(38,580	)	$	600	$	84		$	(37,896	)
Other comprehensive loss before reclassifications		(10,067	)		—		(221	)		(10,288	)
Amounts reclassified from accumulated other comprehensive income (loss)		—			—		9			9

Balance at December 31, 2016	$	(48,647	)	$	600	$	(128	)	$	(48,175	)


(1)	Amounts reclassified from Accumulated other comprehensive loss are included in Interest and other, net in our Condensed Consolidated Statement of Operations.

	Nine Months Ended December 31, 2015
	Foreign currency translation adjustments			Unrealized gain (loss) on derivative instruments			Unrealized gain (loss) on available-for- sales securities			Total
Balance at March 31, 2015	$	(31,216	)	$	617		$	(25	)	$	(30,624	)
Other comprehensive income (loss) before reclassifications		(3,961	)		—			(159	)		(4,120	)
Amounts reclassified from accumulated other comprehensive income (loss)		—			(17	)		26			9

Balance at December 31, 2015	$	(35,177	)	$	600		$	(158	)	$	(34,735	)

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e689-108580

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section S99
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-Subparagraph (SX 210.3-04)
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+ Details

SEGMENT AND GEOGRAPHIC INFORMATION

9 Months Ended

Dec. 31, 2016

SEGMENT AND GEOGRAPHIC INFORMATION

SEGMENT AND GEOGRAPHIC INFORMATION

12. SEGMENT AND GEOGRAPHIC INFORMATION

We are a publisher of interactive software games designed for console systems and personal computers, including smart phones and tablets, which are delivered through physical retail, digital download, online platforms and cloud streaming services. Our business consists of our Rockstar Games and 2K labels, which represent a single operating segment, the "publishing segment." Our operations involve similar products and customers worldwide. Revenue earned from our publishing segment is primarily derived from the sale of internally developed software titles and software titles developed on our behalf by third-parties. Our operating segment is based upon our internal organizational structure, the manner in which our operations are managed and the criteria used by our Chief Executive Officer, our Chief Operating Decision Maker ("CODM"), to evaluate performance and allocate resources. We are centrally managed and the CODM primarily uses consolidated financial information supplemented by sales information by product category, major product title and platform to make operational decisions and assess financial performance.

We attribute net revenue to geographic regions based on product destination. Net revenue by geographic region was as follows:

	Three Months Ended December 31,				Nine Months Ended December 31,
Net revenue by geographic region:	2016		2015		2016		2015
United States	$	257,504	$	218,386	$	703,088	$	546,926
Europe		143,109		142,326		323,924		362,059
Asia Pacific		44,365		28,429		108,745		68,913
Canada and Latin America		31,495		25,080		72,435		58,594

Total net revenue	$	476,473	$	414,221	$	1,208,192	$	1,036,492

Net revenue by product platform was as follows:

	Three Months Ended December 31,				Nine Months Ended December 31,
Net revenue by product platform:	2016		2015		2016		2015
Console	$	354,220	$	355,235	$	961,285	$	878,838
PC and other		122,253		58,986		246,907		157,654

Total net revenue	$	476,473	$	414,221	$	1,208,192	$	1,036,492

Our products are delivered through physical retail and digital online services (digital download, online platforms and cloud streaming). Net revenue by distribution channel was as follows:

	Three Months Ended December 31,				Nine Months Ended December 31,
Net revenue by distribution channel:	2016		2015		2016		2015
Digital online	$	240,213	$	146,449	$	643,051	$	502,860
Physical retail and other		236,260		267,772		565,141		533,632

Total net revenue	$	476,473	$	414,221	$	1,208,192	$	1,036,492

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

COMMITMENTS AND CONTINGENCIES	9 Months Ended
COMMITMENTS AND CONTINGENCIES	Dec. 31, 2016
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	13. COMMITMENTS AND CONTINGENCIES We have entered into various agreements in the ordinary course of business that require substantial cash commitments over the next several years. Other than agreements entered into in the ordinary course of business and in addition to the agreements requiring known cash commitments as reported in Part II, Item 7 of our Annual Report on Form 10-K for the fiscal year ended March 31, 2016, we did not have any significant changes to our commitments since March 31, 2016. Legal and Other Proceedings We are, or may become, subject to demands and claims (including intellectual property claims) and are involved in routine litigation in the ordinary course of business which we do not believe to be material to our business or financial statements. We have appropriately accrued amounts related to certain of these claims and legal and other proceedings. While it is reasonably possible that a loss may be incurred in excess of the amounts accrued in our financial statements, we believe that such losses, unless otherwise disclosed, would not be material. On April 11, 2016, we filed a declaratory judgment action in the United States District Court for the Southern District of New York seeking, among other things, a judicial declaration that Leslie Benzies, the former president of one of our subsidiaries with whom we had been in ongoing discussions regarding his separation of employment, is not entitled to any minimum allocation or financial parity with any other person under the applicable royalty plan. We believe we will prevail in this matter, although there can be no assurance of the outcome. On April 12, 2016, Mr. Benzies filed a complaint in the Supreme Court of the State of New York, New York County against us, and certain of our subsidiaries and employees. We removed this case to the United States District Court for the Southern District of New York, but the case was subsequently remanded to state court. The complaint claims damages of at least $150,000 and contains allegations of breach of fiduciary duty; fraudulent inducement and fraudulent concealment; aiding and abetting breach of fiduciary duty; breach of various contracts; breach of implied duty of good faith and fair dealing; tortious interference with contract; unjust enrichment; reformation; constructive trust; declaration of rights; constructive discharge; defamation and fraud. Motion practice in both the federal and state actions is ongoing. While we believe that we have meritorious defenses to these claims, and we intend to vigorously defend against them and to pursue any counterclaims, we have accrued what we believe to be an adequate amount for this matter, which amounts are classified as Business reorganization within Accrued expenses and other current liabilities in our Condensed Consolidated Balance Sheet (see Note 8). We do not believe that the ultimate outcome of such litigation, even if in excess of our current accrual, will have a material adverse effect on our business, financial condition or results of operations.

SUBSEQUENT EVENT	9 Months Ended
SUBSEQUENT EVENT	Dec. 31, 2016
SUBSEQUENT EVENT
SUBSEQUENT EVENT	14. SUBSEQUENT EVENT On January 31, 2017, we acquired Social Point, S.L. ("Social Point), a leading mobile game developer, for consideration of $175,000 in cash and the issuance of 1,480,168 shares of Take-Two Common Stock. Certain of the shares that were issued to continuing employees are subject to transferability restrictions and forfeiture provisions requiring their continued employment subject to certain exceptions over the three-year period following the closing. Additional contingent consideration of up to an aggregate of $25,900 may become due based on Social Point achieving certain performance measures over the 12 and 24 month periods following the closing. It is not practicable to disclose the preliminary purchase price allocation or consolidated pro forma information for this transaction given the short period of time between the acquisition date and the issuance of this report.

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)

9 Months Ended

Dec. 31, 2016

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

Certain immaterial reclassifications have been made to prior period amounts to conform to the current period presentation.

The following is an update to our Significant Accounting Policies disclosed in our Annual Report on Form 10-K for the fiscal year ended March 31, 2016.

Revenue Recognition


	•	the period of time over which the substantial majority of a respective title's estimated lifetime game sales and in-game virtual currency sales are expected to occur;
	•	the period of time over which we plan to provide free unspecified add-on content updates, maintenance or other remaining material online support services associated with our online-enabled games;
	•	the time over which we plan to dedicate internal resources to support the online functionality of a title;
	•	known and expected online gameplay trends;
	•	the results from prior analyses;
	•	the nature of the game (e.g., annual title, genre, period of time between franchise title releases, etc.); and
	•	the disclosed service periods for competitors' games.

Recently Issued Accounting Pronouncements

Accounting for Stock Compensation

Accounting for Leases

Revenue from Contracts with Customers

MANAGEMENT AGREEMENT (Tables)

9 Months Ended

Dec. 31, 2016

MANAGEMENT AGREEMENT

Schedule of restricted stock units granted

	Nine Months Ended December 31,
	2016		2015
Time-based		107,551		151,575
Market-based(1)		199,038		280,512
Performance-based(1)
New IP		33,174		46,752
Major IP		33,172		46,752

Total—Performance-based		66,346		93,504

Total Restricted Stock Units		372,935		525,591


(1)	Represents the maximum number of shares eligible to vest.

FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Dec. 31, 2016

FAIR VALUE MEASUREMENTS

Segregation of all assets and liabilities measured at fair value on a recurring basis

	December 31, 2016			Quoted prices in active markets for identical assets (level 1)		Significant other observable inputs (level 2)			Significant unobservable inputs (level 3)		Balance Sheet Classification
Money market funds	$	660,481		$	660,481	$	—		$	—	Cash and cash equivalents
Bank-time deposits		55,630			55,630		—			—	Cash and cash equivalents
Corporate bonds		206,655			—		206,655			—	Short-term investments
Bank-time deposits		197,868			197,868		—			—	Short-term investments
Foreign currency forward contracts		162			—		162			—	Prepaid expenses and other
Foreign currency forward contracts		(21	)		—		(21	)		—	Accrued and other current liabilities

Total recurring fair value measurements, net	$	1,120,775		$	913,978	$	206,796		$	—

	March 31, 2016			Quoted prices in active markets for identical assets (level 1)		Significant other observable inputs (level 2)			Significant unobservable inputs (level 3)		Balance Sheet Classification
Money market funds	$	562,726		$	562,726	$	—		$	—	Cash and cash equivalents
Corporate bonds		205,250			—		205,250			—	Short-term investments
Bank-time deposits		265,570			265,570		—			—	Short-term investments
Foreign currency forward contracts		(137	)		—		(137	)		—	Accrued and other current liabilities

Total recurring fair value measurements, net	$	1,033,409		$	828,296	$	205,113		$	—

SHORT-TERM INVESTMENTS (Tables)

9 Months Ended

Dec. 31, 2016

SHORT-TERM INVESTMENTS

Schedule of short-term investments

	December 31, 2016
			Gross Unrealized
	Cost or Amortized Cost		Gross Unrealized
	Cost or Amortized Cost		Gains		Losses			Fair Value
Short-term investments
Bank time deposits	$	197,868	$	—	$	—		$	197,868
Available-for-sale securities:
Corporate bonds		206,783		114		(242	)		206,655

Total short-term investments	$	404,651	$	114	$	(242	)	$	404,523

	March 31, 2016
			Gross Unrealized
	Cost or Amortized Cost		Gross Unrealized
	Cost or Amortized Cost		Gains		Losses			Fair Value
Short-term investments
Bank time deposits	$	265,570	$	—	$	—		$	265,570
Available-for-sale securities:
Corporate bonds		205,166		131		(47	)		205,250

Total short-term investments	$	470,736	$	131	$	(47	)	$	470,820

Summary of the contracted maturities of short-term investments

	December 31, 2016
	Amortized Cost		Fair Value
Short-term investments
Due in 1 year or less	$	357,271	$	357,292
Due in 1 - 2 years		47,380		47,231

Total short-term investments	$	404,651	$	404,523

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References + Details

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

9 Months Ended

Dec. 31, 2016

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

Schedule of gross notional amounts of foreign currency forward contracts

	December 31, 2016		March 31, 2016
Forward contracts to sell foreign currencies	$	116,540	$	54,529
Forward contracts to purchase foreign currencies		2,481		2,409

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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+ Details

INVENTORY (Tables)

9 Months Ended

Dec. 31, 2016

INVENTORY

Inventory balances by category

	December 31, 2016		March 31, 2016
Finished products	$	24,424	$	14,321
Parts and supplies		2,241		1,567

Inventory	$	26,665	$	15,888

SOFTWARE DEVELOPMENT COSTS AND LICENSES (Tables)

9 Months Ended

Dec. 31, 2016

SOFTWARE DEVELOPMENT COSTS AND LICENSES

Schedule of capitalized software development costs and licenses

	December 31, 2016				March 31, 2016
	Current		Non-current		Current		Non-current
Software development costs, internally developed	$	109,070	$	263,689	$	131,378	$	162,261
Software development costs, externally developed		14,506		63,428		46,888		45,703
Licenses		2,609		—		121		6,867

Software development costs and licenses	$	126,185	$	327,117	$	178,387	$	214,831

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)

9 Months Ended

Dec. 31, 2016

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Schedule of components of accrued expenses and other current liabilities

	December 31, 2016		March 31, 2016
Software development royalties		432,327	$	414,492
Compensation and benefits		68,026		39,919
Business reorganization		65,935		66,323
Marketing and promotions		63,491		14,938
Licenses		48,546		31,825
Other		57,851		39,982

Accrued expenses and other current liabilities	$	736,176	$	607,479

DEBT (Tables)

9 Months Ended

Dec. 31, 2016

DEBT

Schedule of information related to availability on credit agreement

	December 31, 2016		March 31, 2016
Available borrowings	$	98,336	$	98,335
Outstanding letters of credit		1,664		1,664

1.75% Convertible Notes due 2016

DEBT

Schedule of additional information related to convertible notes

	December 31, 2016		March 31, 2016
Additional paid-in capital	$	—	$	51,180

Principal amount of 1.75% Convertible Notes	$	—	$	250,000
Unamortized discount of the liability component		—		8,014
Carrying amount of debt issuance costs		—		657

Net carrying amount of 1.75% Convertible Notes	$	—	$	241,329

Schedule of components of interest expense related to convertible notes

	Three Months Ended December 31,				Nine Months Ended December 31,
	2016		2015		2016		2015
Cash interest expense (coupon interest expense)	$	711	$	1,094	$	2,898	$	3,281
Non-cash amortization of discount on 1.75% Convertible Notes		2,038		2,867		8,014		8,458
Amortization of debt issuance costs		171		250		657		758

Total interest expense related to 1.75% Convertible Notes	$	2,920	$	4,211	$	11,569	$	12,497

1.00% Convertible Notes due 2018

DEBT

Schedule of additional information related to convertible notes

	December 31, 2016		March 31, 2016
Additional paid-in capital	$	35,784	$	35,784

Principal amount of 1.00% Convertible Notes	$	279,148	$	287,500
Unamortized discount of the liability component		19,683		29,972
Carrying amount of debt issuance costs		589		922

Net carrying amount of 1.00% Convertible Notes	$	258,876	$	256,606

Schedule of components of interest expense related to convertible notes

	Three Months Ended December 31,				Nine Months Ended December 31,
	2016		2015		2016		2015
Cash interest expense (coupon interest expense)	$	698	$	719	$	2,115	$	2,156
Non-cash amortization of discount on 1.00% Convertible Notes		3,285		3,043		10,289		8,996
Amortization of debt issuance costs		99		110		333		334

Total interest expense related to 1.00% Convertible Notes	$	4,082	$	3,872	$	12,737	$	11,486

LOSS PER SHARE ("EPS") (Tables)

9 Months Ended

Dec. 31, 2016

LOSS PER SHARE ("EPS")

Schedule of computation of basic and diluted loss per share

The following table sets forth the computation of basic and diluted loss per share (shares in thousands):

	Three Months Ended December 31,						Nine Months Ended December 31,
	2016			2015			2016			2015
Computation of Basic and Diluted Loss per Share:
Net loss	$	(29,842	)	$	(42,413	)	$	(31,977	)	$	(54,701	)
Weighted average common shares outstanding—basic and diluted		90,428			83,426			86,796			83,338

Basic and diluted loss per share	$	(0.33	)	$	(0.51	)	$	(0.37	)	$	(0.66	)

ACCUMULATED OTHER COMPREHENSIVE LOSS(Tables)

9 Months Ended

Dec. 31, 2016

ACCUMULATED OTHER COMPREHENSIVE LOSS

Schedule of components of accumulated other comprehensive loss

	Nine Months Ended December 31, 2016
	Foreign currency translation adjustments			Unrealized gain (loss) on derivative instruments		Unrealized gain (loss) on available-for- sales securities(1)			Total
Balance at March 31, 2016	$	(38,580	)	$	600	$	84		$	(37,896	)
Other comprehensive loss before reclassifications		(10,067	)		—		(221	)		(10,288	)
Amounts reclassified from accumulated other comprehensive income (loss)		—			—		9			9

Balance at December 31, 2016	$	(48,647	)	$	600	$	(128	)	$	(48,175	)


(1)	Amounts reclassified from Accumulated other comprehensive loss are included in Interest and other, net in our Condensed Consolidated Statement of Operations.

	Nine Months Ended December 31, 2015
	Foreign currency translation adjustments			Unrealized gain (loss) on derivative instruments			Unrealized gain (loss) on available-for- sales securities			Total
Balance at March 31, 2015	$	(31,216	)	$	617		$	(25	)	$	(30,624	)
Other comprehensive income (loss) before reclassifications		(3,961	)		—			(159	)		(4,120	)
Amounts reclassified from accumulated other comprehensive income (loss)		—			(17	)		26			9

Balance at December 31, 2015	$	(35,177	)	$	600		$	(158	)	$	(34,735	)

SEGMENT AND GEOGRAPHIC INFORMATION (Tables)

9 Months Ended

Dec. 31, 2016

SEGMENT AND GEOGRAPHIC INFORMATION

Net revenue by geographic region

	Three Months Ended December 31,				Nine Months Ended December 31,
Net revenue by geographic region:	2016		2015		2016		2015
United States	$	257,504	$	218,386	$	703,088	$	546,926
Europe		143,109		142,326		323,924		362,059
Asia Pacific		44,365		28,429		108,745		68,913
Canada and Latin America		31,495		25,080		72,435		58,594

Total net revenue	$	476,473	$	414,221	$	1,208,192	$	1,036,492

Net revenue by product platform

	Three Months Ended December 31,				Nine Months Ended December 31,
Net revenue by product platform:	2016		2015		2016		2015
Console	$	354,220	$	355,235	$	961,285	$	878,838
PC and other		122,253		58,986		246,907		157,654

Total net revenue	$	476,473	$	414,221	$	1,208,192	$	1,036,492

Net revenue by distribution channel

	Three Months Ended December 31,				Nine Months Ended December 31,
Net revenue by distribution channel:	2016		2015		2016		2015
Digital online	$	240,213	$	146,449	$	643,051	$	502,860
Physical retail and other		236,260		267,772		565,141		533,632

Total net revenue	$	476,473	$	414,221	$	1,208,192	$	1,036,492

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES - WHOLLY OWNED LABELS (Details)	9 Months Ended
	Dec. 31, 2016 item
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES
Wholly-owned labels	2

MANAGEMENT AGREEMENT (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
MANAGEMENT AGREEMENT (Details) - USD ($) $ in Thousands	Mar. 31, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Mar. 31, 2016
Restricted stock units
Management Agreement
Stock-based compensation expense for non-employee awards		$ 7,066	$ 8,450	$ 17,862	$ 16,737
2014 Management Agreement \| Restricted stock units \| Maximum
Management Agreement
Vesting requirement for market-based restricted stock				75th	75th
2014 Management Agreement \| Restricted stock awards
Management Agreement
Vested (in shares)				591,912
Forfeited (in shares)				27,578
Zelnick Media Corporation ("ZelnickMedia")
Management Agreement
Consulting expense benefit		$ 2,440	$ 1,931	$ 5,113	$ 5,792
Zelnick Media Corporation ("ZelnickMedia") \| 2014 Management Agreement
Management Agreement
Annual management fee	$ 2,970
Zelnick Media Corporation ("ZelnickMedia") \| 2014 Management Agreement \| Maximum
Management Agreement
Bonus per fiscal year based on the achievement of certain performance thresholds	$ 4,752
Zelnick Media Corporation ("ZelnickMedia") \| 2014 Management Agreement \| Time-based restricted units
Management Agreement
Granted (in shares)				107,551	151,575
Zelnick Media Corporation ("ZelnickMedia") \| 2014 Management Agreement \| Market-based restricted stock
Management Agreement
Measurement period				2 years	2 years
Percentage of grants earned (as a percent)				50.00%	50.00%
Vesting requirement for market-based restricted stock				50th	50th
Zelnick Media Corporation ("ZelnickMedia") \| 2014 Management Agreement \| Market-based restricted units
Management Agreement
Granted (in shares)				199,038	280,512
Zelnick Media Corporation ("ZelnickMedia") \| 2014 Management Agreement \| Performance-based restricted units
Management Agreement
Granted (in shares)				66,346	93,504
Measurement period				2 years	2 years
Percentage of grants earned (as a percent)				50.00%	50.00%
Zelnick Media Corporation ("ZelnickMedia") \| 2014 Management Agreement \| New IP
Management Agreement
Granted (in shares)				33,174	46,752
Percentage of grants earned (as a percent)				50.00%	50.00%
Zelnick Media Corporation ("ZelnickMedia") \| 2014 Management Agreement \| Major IP
Management Agreement
Granted (in shares)				33,172	46,752
Percentage of grants earned (as a percent)				50.00%	50.00%
Zelnick Media Corporation ("ZelnickMedia") \| 2014 Management Agreement \| Restricted stock units
Management Agreement
Granted (in shares)				372,935	525,591
Unvested portion of the shares of restricted stock granted		898,526		898,526		1,145,081

FAIR VALUE MEASUREMENTS - ASSETS MEASURED AT FAIR VALUE (Details) - Recurring basis - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2016
Assets measured at fair value on a recurring basis
Total recurring fair value measurements, net	$ 1,120,775	$ 1,033,409
Cash and cash equivalents
Assets measured at fair value on a recurring basis
Money market funds	660,481	562,726
Bank-time deposits	55,630
Short-term investments
Assets measured at fair value on a recurring basis
Corporate bonds	206,655	205,250
Bank-time deposits	197,868	265,570
Prepaid expenses and other
Assets measured at fair value on a recurring basis
Foreign currency forward contracts	162
Accrued and other current liabilities
Assets measured at fair value on a recurring basis
Foreign currency forward contracts	(21)	(137)
Quoted prices in active markets for identical assets (level 1)
Assets measured at fair value on a recurring basis
Total recurring fair value measurements, net	913,978	828,296
Quoted prices in active markets for identical assets (level 1) \| Cash and cash equivalents
Assets measured at fair value on a recurring basis
Money market funds	660,481	562,726
Bank-time deposits	55,630
Quoted prices in active markets for identical assets (level 1) \| Short-term investments
Assets measured at fair value on a recurring basis
Bank-time deposits	197,868	265,570
Significant other observable inputs (level 2)
Assets measured at fair value on a recurring basis
Total recurring fair value measurements, net	206,796	205,113
Significant other observable inputs (level 2) \| Short-term investments
Assets measured at fair value on a recurring basis
Corporate bonds	206,655	205,250
Significant other observable inputs (level 2) \| Prepaid expenses and other
Assets measured at fair value on a recurring basis
Foreign currency forward contracts	162
Significant other observable inputs (level 2) \| Accrued and other current liabilities
Assets measured at fair value on a recurring basis
Foreign currency forward contracts	$ (21)	$ (137)

FAIR VALUE MEASUREMENTS - DEBT (Details) - 1.00% Convertible Notes due 2018 - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2016	Jul. 12, 2013	Jun. 18, 2013
DEBT
Interest rate on convertible notes (as a percent)	1.00%	1.00%	1.00%	1.00%
Estimated fair value of convertible notes	$ 640,198		$ 225,567

SHORT-TERM INVESTMENTS (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
SHORT-TERM INVESTMENTS (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2016
Short-term investments
Cost or Amortized Cost	$ 404,651	$ 470,736
Gross Unrealized Gains	114	131
Gross Unrealized Losses	(242)	(47)
Fair Value	404,523	470,820
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Rolling Maturity
Due in 1 year or less	357,271
Due in 1-2 years	47,380
Total amortized cost	404,651
Available-for-sale Securities, Debt Maturities, Fair Value, Rolling Maturity
Due in 1 year or less	357,292
Due in 1-2 years	47,231
Total fair value	404,523
Bank time deposits
Short-term investments
Cost or Amortized Cost	197,868	265,570
Fair Value	197,868	265,570
Corporate bonds
Short-term investments
Cost or Amortized Cost	206,783	205,166
Gross Unrealized Gains	114	131
Gross Unrealized Losses	(242)	(47)
Fair Value	$ 206,655	$ 205,250

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details) - Foreign Currency Forward Contract - Not Designated As Hedging Instrument - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Mar. 31, 2016
Derivative
Outstanding forward contracts to sell foreign currency in exchange for U.S. dollars	$ 116,540		$ 116,540		$ 54,529
Outstanding forward contracts to purchase foreign currency in exchange for U.S. dollars	2,481		2,481		$ 2,409
Interest and other, net
Derivative
Gain related to foreign currency forward contracts	$ 11,158	$ 1,230	$ 11,731	$ 908

INVENTORY (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2016
INVENTORY
Finished products	$ 24,424	$ 14,321
Parts and supplies	2,241	1,567
Inventory	26,665	15,888
Estimated product returns included in inventory	$ 2,790	$ 527

SOFTWARE DEVELOPMENT COSTS AND LICENSES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Mar. 31, 2016
Capitalized software development costs and licenses
Software development costs and licenses, Current	$ 126,185		$ 126,185		$ 178,387
Software development costs and licenses, Non-current	327,117		327,117		214,831
Software development costs and licenses related to titles that have not been released	327,100		327,100		343,450
Software development impairment charges	7,731	$ 0	19,325	$ 2,133
Software development costs, internally developed
Capitalized software development costs and licenses
Software development costs and licenses, Current	109,070		109,070		131,378
Software development costs and licenses, Non-current	263,689		263,689		162,261
Software development costs, externally developed
Capitalized software development costs and licenses
Software development costs and licenses, Current	14,506		14,506		46,888
Software development costs and licenses, Non-current	63,428		63,428		45,703
Licenses
Capitalized software development costs and licenses
Software development costs and licenses, Current	$ 2,609		$ 2,609		121
Software development costs and licenses, Non-current					$ 6,867

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2016
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
Software development royalties	$ 432,327	$ 414,492
Compensation and benefits	68,026	39,919
Business reorganization	65,935	66,323
Marketing and promotions	63,491	14,938
Licenses	48,546	31,825
Other	57,851	39,982
Accrued expenses and other current liabilities	$ 736,176	$ 607,479

DEBT - CREDIT AGREEMENT (Details) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
DEBT - CREDIT AGREEMENT (Details) $ in Thousands	Apr. 30, 2016 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Mar. 31, 2016 USD ($)
Credit Agreement
Credit Agreement
Maximum borrowing capacity	$ 100,000
Amount of additional borrowings by which maximum borrowing capacity may be increased	$ 100,000
Outstanding borrowings		$ 0		$ 0		$ 0
Credit Agreement Availability
Minimum liquidity level allowing unrestricted access to the Credit Agreement				300,000
Available borrowings		98,336		98,336		98,335
Outstanding letters of credit		1,664		1,664		$ 1,664
Interest expense and fees		$ 111	$ 111	$ 332	$ 332
Trailing period for measurement of interest coverage ratio	12 months
Maximum liquidity level triggering the requirement to maintain an interest coverage ratio of one to one	$ 30,000
Credit Agreement \| Minimum
Credit Agreement
Monthly fee on unused available balance (as a percent)	0.25%
Credit Agreement Availability
Interest coverage ratio	1
Credit Agreement \| Maximum
Credit Agreement
Monthly fee on unused available balance (as a percent)	0.375%
Credit Agreement \| Base rate
Credit Agreement
Interest rate, variable rate basis				base rate
Interest rate at end of period (as a percent)		3.75%		3.75%
Credit Agreement \| Base rate \| Minimum
Credit Agreement
Interest rate added to base rate (as a percent)	0.25%
Credit Agreement \| Base rate \| Maximum
Credit Agreement
Interest rate added to base rate (as a percent)	0.75%
Credit Agreement \| LIBOR
Credit Agreement
Interest rate, variable rate basis				LIBOR
Interest rate at end of period (as a percent)		2.02%		2.02%
Credit Agreement \| LIBOR \| Minimum
Credit Agreement
Interest rate added to base rate (as a percent)	1.25%
Credit Agreement \| LIBOR \| Maximum
Credit Agreement
Interest rate added to base rate (as a percent)	1.75%
Letter of Credit
Credit Agreement
Maximum borrowing capacity	$ 5,000

DEBT - CONVERTIBLE NOTES (Details) $ / shares in Units, $ in Thousands				1 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
	Jul. 12, 2013 USD ($) item	Jun. 18, 2013 USD ($) item $ / shares	Nov. 16, 2011 USD ($) item $ / shares	Jan. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Mar. 31, 2016 USD ($)
Components of interest expense
Non-cash amortization of discount on Convertible Notes							$ 17,870	$ 17,454
Amortization of debt issuance costs							1,078	1,181
1.75% Convertible Notes due 2016
Convertible Notes
Principal amount at issuance			$ 250,000
Interest rate on convertible notes (as a percent)			1.75%						1.75%
Amount pertaining to exercise of over-allotment of debt by underwriters			$ 30,000
Initial conversion rate of common stock per $1000 of principal amount of Convertible Notes (in shares)			52.3745
Principal amount used for debt instrument conversion ratio			$ 1
Initial conversion price of convertible notes into common stock (in dollars per share) \| $ / shares			$ 19.093
Number of shares to be converted into common stock \| item			13,094,000
Estimated fair value of convertible notes			$ 197,373
Non-convertible borrowing rate (as a percent)			6.90%
Carrying amount of the equity component of convertible notes			$ 52,627
Banking, legal and accounting fees related to issuance of convertible notes			6,875
Banking, legal and accounting fees related to issuance of convertible notes allocated to the liability component			5,428
Banking, legal and accounting fees related to issuance of convertible notes allocated to the equity component			$ 1,447
The value by which Convertible Notes exceed the principal value					$ 368,430		368,430
Additional information related to convertible notes
Additional paid-in capital									$ 51,180
Principal amount of Convertible Notes									250,000
Unamortized discount of the liability component									8,014
Carrying amount of debt issuance costs									657
Net carrying amount of Convertible Notes									$ 241,329
Components of interest expense
Cash interest expense (coupon interest expense)					711	$ 1,094	2,898	3,281
Non-cash amortization of discount on Convertible Notes					2,038	2,867	8,014	8,458
Amortization of debt issuance costs					171	250	657	758
Total interest expense related to Convertible Notes					2,920	4,211	$ 11,569	12,497
1.00% Convertible Notes due 2018
Convertible Notes
Principal amount at issuance		$ 250,000
Amount tendered for conversion				$ 10	$ 8,352
Interest rate on convertible notes (as a percent)	1.00%	1.00%			1.00%		1.00%		1.00%
Percentage of par value at which debt was issued		98.50%
Period of overallotment option to purchase additional amount of debt granted to underwriters		30 days
Amount pertaining to exercise of over-allotment of debt by underwriters	$ 37,500
Proceeds from issuance of debt	$ 283,188	$ 246,250
Initial conversion rate of common stock per $1000 of principal amount of Convertible Notes (in shares)		46.4727
Principal amount used for debt instrument conversion ratio		$ 1
Initial conversion price of convertible notes into common stock (in dollars per share) \| $ / shares		$ 21.52
Number of shares to be converted into common stock \| item	13,361,000
Estimated fair value of convertible notes	$ 225,567				$ 640,198		$ 640,198
Non-convertible borrowing rate (as a percent)	6.15%
Carrying amount of the equity component of convertible notes	$ 57,621
Banking, legal and accounting fees related to issuance of convertible notes	2,815
Banking, legal and accounting fees related to issuance of convertible notes allocated to the liability component	2,209
Banking, legal and accounting fees related to issuance of convertible notes allocated to the equity component	$ 606
The value by which Convertible Notes exceed the principal value							360,284		$ 215,809
Additional information related to convertible notes
Additional paid-in capital					35,784		35,784		35,784
Principal amount of Convertible Notes					279,148		279,148		287,500
Unamortized discount of the liability component					19,683		19,683		29,972
Carrying amount of debt issuance costs					589		589		922
Net carrying amount of Convertible Notes					258,876		258,876		$ 256,606
Components of interest expense
Cash interest expense (coupon interest expense)					698	719	2,115	2,156
Non-cash amortization of discount on Convertible Notes					3,285	3,043	10,289	8,996
Amortization of debt issuance costs					99	110	333	334
Total interest expense related to Convertible Notes					$ 4,082	$ 3,872	$ 12,737	$ 11,486
1.00% Convertible Notes due 2018 \| Maximum
Convertible Notes
Additional amount of debt for purchase of which overallotment option is granted to underwriters		$ 37,500
1.00% Convertible Notes due 2018 \| Conversion Terms at Holder's Option
Convertible Notes
Principal amount used for debt instrument conversion ratio		$ 1
Target ratio of closing share price to conversion price as a condition for conversion or redemption of Convertible Notes (as a percent)		130.00%					130.00%
Ratio of closing share price to conversion price as a condition for conversion of Convertible Notes (as a percent)		98.00%
1.00% Convertible Notes due 2018 \| Conversion Terms at Holder's Option \| Minimum
Convertible Notes
Number of trading days triggering conversion of redemption feature		20 days					20 days
Number of trading days in the measurement period that the entity's common stock closing price to conversion price must exceed a specified percentage of conversion price to trigger conversion feature of notes \| item		5
1.00% Convertible Notes due 2018 \| Conversion Terms at Holder's Option \| Maximum
Convertible Notes
Number of trading days triggering conversion of redemption feature		30 days					30 days
Number of trading days in the measurement period that the entity's common stock closing price to conversion price must exceed a specified percentage of conversion price to trigger conversion feature of notes \| item		10
1.00% Convertible Notes due 2018 \| Conversion Terms upon Occurrence of Certain Fundamental Company Changes
Convertible Notes
Redemption price as percentage of principal amount of notes plus accrued and unpaid interest		100.00%
1.00% Convertible Notes due 2018 \| Conversion Terms, Event of Default
Convertible Notes
Minimum percentage of aggregate principal amount held by bondholders to declare notes due and payable		25.00%
In event of default arising out of certain bankruptcy events, the percentage of principal amount due and payable		100.00%

LOSS PER SHARE ("EPS") (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Computation of Basic and Diluted Loss per Share:
Net loss	$ (29,842)	$ (42,413)	$ (31,977)	$ (54,701)
Weighted average common shares outstanding - basic and diluted	90,428,000	83,426,000	86,796,000	83,338,000
Basic and diluted loss per share (in dollars per share)	$ (0.33)	$ (0.51)	$ (0.37)	$ (0.66)
Unvested share-based awards excluded from EPS	4,912,000	7,255,000	4,912,000	7,255,000
Restricted stock
Computation of Basic and Diluted Loss per Share:
Restricted stock awards, vested (in shares)			2,696,000
Restricted stock awards, issued (in shares)			1,275,000
Restricted stock awards, canceled (in shares)			72,000

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Changes in accumulated other comprehensive loss
Balance at the beginning of the period	$ (37,896)	$ (30,624)
Other comprehensive loss before reclassifications	(10,288)	(4,120)
Amounts reclassified from accumulated other comprehensive income (loss)	9	9
Balance at the end of the period	(48,175)	(34,735)
Foreign currency translation adjustments
Changes in accumulated other comprehensive loss
Balance at the beginning of the period	(38,580)	(31,216)
Other comprehensive loss before reclassifications	(10,067)	(3,961)
Balance at the end of the period	(48,647)	(35,177)
Unrealized gain (loss) on derivative instruments
Changes in accumulated other comprehensive loss
Balance at the beginning of the period	600	617
Amounts reclassified from accumulated other comprehensive income (loss)		(17)
Balance at the end of the period	600	600
Unrealized gain (loss) on available-for-sale securities
Changes in accumulated other comprehensive loss
Balance at the beginning of the period	84	(25)
Other comprehensive loss before reclassifications	(221)	(159)
Amounts reclassified from accumulated other comprehensive income (loss)	9	26
Balance at the end of the period	$ (128)	$ (158)

SEGMENT AND GEOGRAPHIC INFORMATION (Details)	9 Months Ended
SEGMENT AND GEOGRAPHIC INFORMATION (Details)	Dec. 31, 2016 segment
SEGMENT AND GEOGRAPHIC INFORMATION
Number of reportable segments	1

SEGMENT AND GEOGRAPHIC INFORMATION - REVENUE BY GEOGRAPHIC REGION (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Net revenue by geographic region:
Total net revenue	$ 476,473	$ 414,221	$ 1,208,192	$ 1,036,492
United States
Net revenue by geographic region:
Total net revenue	257,504	218,386	703,088	546,926
Europe
Net revenue by geographic region:
Total net revenue	143,109	142,326	323,924	362,059
Asia Pacific
Net revenue by geographic region:
Total net revenue	44,365	28,429	108,745	68,913
Canada and Latin America
Net revenue by geographic region:
Total net revenue	$ 31,495	$ 25,080	$ 72,435	$ 58,594

SEGMENT AND GEOGRAPHIC INFORMATION - REVENUE BY PRODUCT PLATFORM (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Net revenue by product platform:
Total net revenue	$ 476,473	$ 414,221	$ 1,208,192	$ 1,036,492
Console
Net revenue by product platform:
Total net revenue	354,220	355,235	961,285	878,838
PC and other
Net revenue by product platform:
Total net revenue	$ 122,253	$ 58,986	$ 246,907	$ 157,654

SEGMENT AND GEOGRAPHIC INFORMATION - REVENUE BY DISTRIBUTION CHANNEL (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Net revenue by distribution channel:
Total net revenue	$ 476,473	$ 414,221	$ 1,208,192	$ 1,036,492
Digital online
Net revenue by distribution channel:
Total net revenue	240,213	146,449	643,051	502,860
Physical retail and other
Net revenue by distribution channel:
Total net revenue	$ 236,260	$ 267,772	$ 565,141	$ 533,632

COMMITMENTS AND CONTINGENCIES - LEGAL AND OTHER PROCEEDINGS (Details) $ in Thousands	Apr. 12, 2016 USD ($)
Legal and Other Proceedings
Damages claimed	$ 150,000

SUBSEQUENT EVENT (Details) - Subsequent event - Social Point S.L. ("Social Point") $ in Thousands	Jan. 31, 2017 USD ($) shares
Subsequent event
Cash consideration paid for business acquisition	$ 175,000
Maximum potential contingent consideration	$ 25,900
Minimum
Subsequent event
Performance measurement period for contingent consideration	12 months
Maximum
Subsequent event
Performance measurement period for contingent consideration	24 months
Common Stock
Subsequent event
Number of shares issued for business acquisition \| shares	1,480,168
Period of continuous employment after closing of acquisition	3 years