0001628280-21-010627 | 10-K | XBRL Viewer | Take TWO Interactive Software INC

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Cover - USD ($)	12 Months Ended
Cover - USD ($)	Mar. 31, 2021	May 05, 2021	Sep. 30, 2020
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Mar. 31, 2021
Current Fiscal Year End Date	--03-31
Document Transition Report	false
Entity File Number	001-34003
Entity Registrant Name	TAKE-TWO INTERACTIVE SOFTWARE, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	51-0350842
Entity Address, Address Line One	110 West 44th Street
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10036
City Area Code	646
Local Phone Number	536-2842
Title of 12(b) Security	Common Stock, $.01 par value
Trading Symbol	TTWO
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 13,938,279,654
Entity Common Stock, Shares Outstanding		115,656,093
Documents Incorporated by Reference	Portions of the registrant's definitive proxy statement for the 2021 Annual Meeting of Stockholders are incorporated by reference into Part III herein.
Entity Central Index Key	0000946581
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2021	Mar. 31, 2020
Current assets:
Cash and cash equivalents	$ 1,422,884	$ 1,357,664
Short-term investments	1,308,692	644,003
Restricted cash and cash equivalents	538,822	546,604
Accounts receivable, net of allowances of $350 and $443 at March 31, 2021 and 2020, respectively	552,762	592,555
Inventory	17,742	19,108
Software development costs and licenses	43,443	40,316
Deferred cost of goods sold	15,524	19,598
Prepaid expenses and other	320,646	273,503
Total current assets	4,220,515	3,493,351
Fixed assets, net	149,364	131,888
Right-of-use assets	164,763	154,284
Software development costs and licenses, net of current portion	490,892	401,778
Goodwill	535,306	386,494
Other intangibles, net	121,591	51,260
Deferred tax assets	90,206	116,676
Long-term restricted cash and cash equivalents	98,541	89,124
Other assets	157,040	123,977
Total assets	6,028,218	4,948,832
Current liabilities:
Accounts payable	71,001	65,684
Accrued expenses and other current liabilities	1,204,090	1,169,884
Deferred revenue	928,029	777,784
Lease liabilities	31,595	25,187
Total current liabilities	2,234,715	2,038,539
Non-current deferred revenue	37,302	28,339
Non-current lease liabilities	159,671	152,059
Non-current software development royalties	110,127	104,417
Other long-term liabilities	154,511	86,234
Total liabilities	2,696,326	2,409,588
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.01 par value, 5,000 shares authorized: no shares issued and outstanding at March 31, 2021 and 2020	0	0
Common stock, $0.01 par value, 200,000 shares authorized; 137,584 and 135,927 shares issued and 115,163 and 113,506 outstanding at March 31, 2021 and 2020, respectively	1,376	1,359
Additional paid-in capital	2,288,781	2,134,748
Treasury stock, at cost; 22,421 common shares at March 31, 2021 and 2020, respectively	(820,572)	(820,572)
Retained earnings	1,870,971	1,282,085
Accumulated other comprehensive loss	(8,664)	(58,376)
Total stockholders' equity	3,331,892	2,539,244
Total liabilities and stockholders' equity	$ 6,028,218	$ 4,948,832

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Mar. 31, 2021	Mar. 31, 2020
Statement of Financial Position [Abstract]
Accounts receivable, allowances	$ 350	$ 443
Preferred stock (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	5,000	5,000
Preferred stock shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	200,000	200,000
Common stock, shares issued (in shares)	137,584	135,927
Common stock, shares outstanding (in shares)	115,163	113,506
Treasury stock (in shares)	22,421	22,421

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Income Statement [Abstract]
Net revenue	$ 3,372,772	$ 3,088,970	$ 2,668,394
Cost of goods sold	1,535,085	1,542,450	1,523,644
Gross profit	1,837,687	1,546,520	1,144,750
Selling and marketing	444,985	458,424	391,400
General and administrative	390,683	318,235	281,234
Research and development	317,311	296,398	230,170
Depreciation and amortization	55,596	48,113	40,232
Business reorganization	(272)	83	(4,958)
Total operating expenses	1,208,303	1,121,253	938,078
Income from operations	629,384	425,267	206,672
Interest and other, net	8,796	38,505	26,113
Gain (loss) on long-term investments, net	39,636	(5,333)	0
Income before income taxes	677,816	458,439	232,785
Provision for (benefit from) income taxes	88,930	53,980	(101,052)
Net income	$ 588,886	$ 404,459	$ 333,837
Earnings per share:
Basic earnings per share (in dollars per share)	$ 5.14	$ 3.58	$ 2.95
Diluted earnings per share (in dollars per share)	$ 5.09	$ 3.54	$ 2.90

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 588,886	$ 404,459	$ 333,837
Other comprehensive income (loss)
Foreign currency translation adjustment	51,253	(27,445)	(28,803)
Cash flow hedges:
Change in unrealized gains	(3,817)	10,504	763
Reclassification to earnings	(1,933)	(1,689)	3,726
Tax effect on effective cash flow hedges	845	775	417
Change in fair value of cash flow hedges	(4,905)	9,590	4,906
Change in fair value of available-for-sale securities	3,364	(3,332)	2,440
Other comprehensive income (loss)	49,712	(21,187)	(21,457)
Comprehensive income	$ 638,598	$ 383,272	$ 312,380

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands

12 Months Ended

Mar. 31, 2021

Mar. 31, 2020

Mar. 31, 2019

Operating activities:

Net income

$ 588,886

$ 404,459

$ 333,837

Adjustments to reconcile net income to net cash provided by operating activities:

Amortization and impairment of software development costs and licenses

144,263

167,925

201,221

Stock-based compensation

110,472

257,881

247,700

Amortization of intellectual property

32,241

20,990

23,879

Depreciation

56,309

47,628

39,726

Deferred income taxes

10,631

(3,486)

110,603

Gain on long-term investments, net

(41,588)

Other, net

5,515

9,074

675

Changes in assets and liabilities:

Accounts receivable

47,195

(195,484)

(98,075)

Inventory

2,503

8,489

(14,403)

Software development costs and licenses

(221,279)

(48,434)

(206,831)

Prepaid expenses, other current and other non-current assets

(58,737)

(259,817)

(275,800)

Deferred revenue

152,466

(55,460)

304,713

Deferred cost of goods sold

4,768

32,180

(24,882)

Accounts payable, accrued expenses and other liabilities

78,673

299,733

201,152

Net cash provided by operating activities

912,318

685,678

843,515

Investing activities:

Change in bank time deposits

(387,762)

196,720

(171,057)

Proceeds from available-for-sale securities

546,287

400,635

325,133

Purchases of available-for-sale securities

(824,477)

(499,991)

(282,534)

Purchases of fixed assets

(68,923)

(53,384)

(66,969)

Proceeds from sale of long-term investment

47,472

Purchase of long-term investments

(16,852)

(27,891)

Business acquisitions, net of cash acquired

(102,469)

(12,040)

(28,149)

Net cash (used in) provided by investing activities

(806,724)

4,049

(223,576)

Financing activities:

(71,552)

(87,968)

(101,293)

Repurchase of common stock

(362,392)

Issuance of common stock

14,214

10,515

Net cash used in financing activities

(57,338)

(77,453)

(463,685)

Effects of foreign currency exchange rates on cash, cash equivalents, and restricted cash and cash equivalents

18,599

(10,868)

(10,639)

Net change in cash, cash equivalents, and restricted cash and cash equivalents

66,855

601,406

145,615

Cash, cash equivalents, and restricted cash and cash equivalents, beginning of year

^[1]

1,993,392

1,391,986

1,246,371

Cash, cash equivalents, and restricted cash equivalents, end of year

^[1]

2,060,247

1,993,392

1,391,986

Supplemental data:

Interest paid

1,862

4,750

5,265

Income taxes paid

$ 70,749

$ 27,998

$ 19,280

[1]	Cash, cash equivalents and restricted cash and cash equivalents shown on our Consolidated Statements of Cash Flow includes amounts in the Cash and cash equivalents, Restricted cash and cash equivalents, and Long-term restricted cash and cash equivalents on our Consolidated Balance Sheet.

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	1.00% Convertible Notes due 2018	Common Stock	Common Stock 1.00% Convertible Notes due 2018	Additional Paid-in Capital	Additional Paid-in Capital 1.00% Convertible Notes due 2018	Treasury Stock	Retained Earnings/(Accumulated Deficit)	Retained Earnings/(Accumulated Deficit) Cumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) Cumulative Effect, Period of Adoption, Adjustment
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Impact from adoption of New Revenue Accounting Standard	$ 1,488,970	$ 474,926		$ 1,327		$ 1,888,039		$ (458,180)	$ 73,516	$ 470,273	$ (15,732)	$ 4,653
Balance (in shares) at Mar. 31, 2018				132,743				(18,705)
Balance at Mar. 31, 2018	1,488,970	474,926		$ 1,327		1,888,039		$ (458,180)	73,516	470,273	(15,732)	4,653
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	333,837								333,837
Change in cumulative foreign currency translation adjustment	(33,456)										(33,456)
Change in cumulative foreign currency translation adjustment	(28,803)
Net unrealized gain on available-for-sale securities, net of taxes	2,440										2,440
Change in unrealized gains on cash flow hedge, net	4,906										4,906
Stock-based compensation	219,460					219,460
Repurchased common stock (in shares)								(3,716)
Repurchased common stock	(362,392)							$ (362,392)
Issuance of restricted stock, net of forfeitures and cancellations (in shares)				2,345
Issuance of restricted stock, net of forfeitures and cancellations	0			$ 23		(23)
Conversion of 1.00% Convertible Notes Due 2018 (in shares)					377
Conversion of 1.00% Convertible Notes Due 2018			$ 8,112		$ 4		$ 8,108
Net share settlement of restricted stock awards (in shares)				(920)
Net share settlement of restricted stock awards	(101,293)			$ (9)		(101,284)
Impact from adoption of New Revenue Accounting Standard	2,040,580	$ 474,926		$ 1,346		2,019,369		$ (820,572)	877,626	$ 470,273	(37,189)	$ 4,653
Employee share purchase plan settlement (in shares)				57
Employee share purchase plan settlement	5,070			$ 1		5,069
Balance (in shares) at Mar. 31, 2019				134,602				(22,421)
Balance at Mar. 31, 2019	2,040,580			$ 1,346		2,019,369		$ (820,572)	877,626		(37,189)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Impact from adoption of New Revenue Accounting Standard	2,040,580			$ 1,346		2,019,369		(820,572)	877,626		(37,189)
Net income	404,459								404,459
Change in cumulative foreign currency translation adjustment	(27,445)										(27,445)
Net unrealized gain on available-for-sale securities, net of taxes	(3,332)										(3,332)
Change in unrealized gains on cash flow hedge, net	9,590										9,590
Stock-based compensation	192,845					192,845
Issuance of restricted stock, net of forfeitures and cancellations (in shares)				1,970
Issuance of restricted stock, net of forfeitures and cancellations	0			$ 19		(19)
Net share settlement of restricted stock awards (in shares)				(771)
Net share settlement of restricted stock awards	(87,968)			$ (8)		(87,960)
Impact from adoption of New Revenue Accounting Standard	2,040,580			$ 1,359		2,134,748		$ (820,572)	1,282,085		(58,376)
Employee share purchase plan settlement (in shares)				126
Employee share purchase plan settlement	10,515			$ 2		10,513
Balance (in shares) at Mar. 31, 2020				135,927				(22,421)
Balance at Mar. 31, 2020	2,539,244			$ 1,359		2,134,748		$ (820,572)	1,282,085		(58,376)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Impact from adoption of New Revenue Accounting Standard	2,539,244			$ 1,359		2,134,748		(820,572)	1,282,085		(58,376)
Net income	588,886								588,886
Change in cumulative foreign currency translation adjustment	51,253										51,253
Net unrealized gain on available-for-sale securities, net of taxes	3,364										3,364
Change in unrealized gains on cash flow hedge, net	(4,905)										(4,905)
Stock-based compensation	113,741					113,741
Issuance of restricted stock, net of forfeitures and cancellations (in shares)				1,376
Issuance of restricted stock, net of forfeitures and cancellations	0			$ 13		(13)
Net share settlement of restricted stock awards (in shares)				(462)
Net share settlement of restricted stock awards	(71,552)			$ (4)		(71,548)
Impact from adoption of New Revenue Accounting Standard	2,539,244			$ 1,376		2,288,781		$ (820,572)	1,870,971		(8,664)
Employee share purchase plan settlement (in shares)				139
Employee share purchase plan settlement	14,214			$ 2		14,212
Issuance of shares related to Playdots, Inc. acquisition (in shares)				604
Issuance of shares related to Playdots, Inc. acquisition	97,647			$ 6		97,641
Balance (in shares) at Mar. 31, 2021				137,584				(22,421)
Balance at Mar. 31, 2021	3,331,892			$ 1,376		2,288,781		$ (820,572)	1,870,971		(8,664)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Impact from adoption of New Revenue Accounting Standard	$ 3,331,892			$ 1,376		$ 2,288,781		$ (820,572)	$ 1,870,971		$ (8,664)

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical)	Mar. 31, 2019
1.00% Convertible Notes due 2018
Interest rate	1.00%

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	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 principally through Rockstar Games, 2K, Private Division, Social Point and Playdots. Our products are designed for console gaming systems and personal computers, including smart phones and tablets, and are delivered through physical retail, digital download, online platforms and cloud streaming services. Principles of Consolidation The Consolidated Financial Statements include the financial statements of the Company and its wholly-owned subsidiaries. All inter-company balances and transactions have been eliminated in consolidation. Reclassifications Certain immaterial amounts in the financial statements of the prior years have been reclassified to conform to the current year presentation for comparative purposes. Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles ("U.S. GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, net revenue, and expense, as well as the disclosure of contingent assets and liabilities at the dates of the financial statements during the reporting periods. Our most significant estimates relate to revenue recognition (see Note 2 - Revenue from Contracts with Customers); the recoverability and amortization of software development costs, licenses, and intangible assets; assets acquired and liabilities assumed in business combinations; the realization of deferred income taxes; the valuation of stock-based compensation; and assumptions used in our goodwill impairment tests. These estimates generally involve complex issues and require us to make judgments, involve analysis of historical and the prediction of future trends, and are subject to change from period to period. Actual amounts could differ significantly from these estimates, including as a result of the COVID-19 pandemic, which may affect economic conditions in a number of different ways and result in uncertainty and risk. We consider transactions or events that occur after the balance sheet date, but before the financial statements are issued, to provide additional evidence relative to certain estimates or to identify matters that require additional disclosures. Segments We have one operating and reportable segment. Our operations involve similar products and customers worldwide. Revenue earned is primarily derived from the sale of software titles, which are internally developed and developed by third parties. Our Chief Executive Officer, who is our Chief Operating Decision Maker ("CODM"), manages our operations on a consolidated basis--supplemented by sales information by product category, major product title, and platform--for the purpose of evaluating performance and allocating resources. Financial information about our one segment and geographic areas is included in Note 2 - Revenue from Contracts with Customers and Note 9 - Fixed Assets, Net. Concentration of Credit Risk and Accounts Receivable We maintain cash balances at several major financial institutions. While we attempt to limit credit exposure with any single institution, balances often exceed insurable amounts. Accounts receivable are recorded at the original invoiced amount less an allowance for credit losses. In evaluating our ability to collect outstanding receivable balances and related allowance for credit losses, we consider many factors, including the age of the balance, the customer’s payment history and current creditworthiness, as well as current and forecasted economic conditions that may affect our customers’ ability to pay. Bad debts are written off after all collection efforts have been exhausted. We do not require collateral from our customers. If the financial condition and operations of our customers deteriorate, our risk of collection could increase substantially. A majority of our trade receivables are derived from sales to major retailers, including digital storefronts and platform partners, and distributors. Our five largest customers accounted for 78.4%, 71.5% and 70.1% of net revenue during the fiscal years ended March 31, 2021, 2020 and 2019, respectively. One customer accounted for 38.9%, 31.9% and 31.3% of net revenue during the fiscal years ended March 31, 2021, 2020, and 2019, respectively. A second customer accounted for 22.2%, 20.0%, and 18.1% of net revenue during the fiscal years ended March 31, 2021, 2020, and 2019 respectively. A third customer accounted for 10.5% of net revenue during the fiscal year ended March 31, 2019. As of March 31, 2021 and 2020, five customers accounted for 77.6% and 58.1% of our gross accounts receivable, respectively. Customers that individually accounted for more than 10% of our gross accounts receivable balance comprised 69.2% and 48.8% of such balances at March 31, 2021 and 2020, respectively. We had two customers who accounted for 50.4% and 18.8% of our gross accounts receivable as of March 31, 2021 and two customers who accounted for 29.4% and 19.4% of our gross accounts receivable as of March 31, 2020. We did not have any additional customers that exceeded 10% of our gross accounts receivable as of March 31, 2021 and 2020. Based upon performing ongoing credit evaluations, maintaining trade credit insurance on a majority of our customers and our past collection experience, we believe that the receivable balances from these largest customers do not represent a significant credit risk. Cash and Cash Equivalents We consider all highly liquid instruments purchased with original maturities of three months or less to be cash equivalents. Our restricted cash and cash equivalents balances are primarily related to a dedicated account limited to the payment of certain internal royalty obligations. Balances that are restricted from use for more than one year are classified as non-current. Short-term Investments Short-term investments designated as available-for-sale securities are carried at fair value, which is based on quoted market prices for such securities, if available, or is estimated on the basis of quoted market prices of financial instruments with similar characteristics. Investments with original maturities greater than 90 days and remaining maturities of less than one year are normally classified within Short-term investments on our Consolidated Balance Sheets. In addition, investments with maturities beyond one year at the time of purchase that are highly liquid in nature and represent the investment of cash that is available for current operations are classified as short-term investments. Unrealized gains and losses of available-for-sale securities are excluded from earnings and are reported as a component of Other comprehensive income (loss), net of tax, until the security is sold, the security has matured, or we determine that the fair value of the security has declined below its adjusted cost basis and the decline is not due to a credit loss. Realized gains and losses on short-term investments are calculated based on the specific identification method and would be reclassified from accumulated other comprehensive loss to Interest and other, net. Short-term investments are evaluated for impairment quarterly. We consider various factors in determining whether we should recognize an impairment charge, 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. If we conclude that an investment is impaired or a portion of the unrealized loss is a result of a credit loss, we recognize the charge at that time in our Consolidated Statements of Operations. Determining whether the decline in fair value is due to a credit loss requires management judgment based on the specific facts and circumstances of each security. The ultimate value realized on these securities is subject to market price volatility until they are sold. Inventory Inventory consists of materials, including manufacturing royalties paid to console manufacturers, and is stated at the lower of weighted average cost or net realizable value. Estimated product returns are included in the inventory balance at their cost. We regularly review inventory quantities on-hand and in the retail channels and record an inventory provision for excess or obsolete inventory based on the future expected demand for our products. Significant changes in demand for our products would affect management's estimates in establishing our inventory provision. We write down inventory based on excess or obsolete inventories determined primarily by anticipated future demand for our products. Inventory write-downs are measured as the difference between the cost of the inventory and market value, based upon assumptions about future demand that are inherently difficult to assess. Software Development Costs and Licenses Capitalized software development costs include direct costs incurred for internally developed titles and payments made to third-party software developers under development agreements. We capitalize internal software development costs (including specifically identifiable payroll expense, employee stock-based compensation, and incentive compensation costs related to the completion and release of titles, as well as third-party production and other content costs), subsequent to establishing technological feasibility of a software title. Technological feasibility of a product includes the completion of both technical design documentation and game design documentation. Significant management judgments are made in the assessment of when technological feasibility is established. For products where proven technology exists, this may occur early in the development cycle. Technological feasibility is evaluated on a product-by-product basis. Prior to establishing technological feasibility of a product, we record any costs incurred by third-party developers as research and development expenses. We enter into agreements with third-party developers that require us to make payments for game development and production services. In exchange for our payments, we receive the exclusive publishing and distribution rights to the finished game title as well as, in some cases, the underlying intellectual property rights. Such agreements typically allow us to fully recover these payments to the developers at an agreed upon royalty rate earned on the subsequent sales of such software, net of any agreed upon costs. Subsequent to establishing technological feasibility of a product, we capitalize all development and production service payments to third-party developers as software development costs and licenses. We typically enter into agreements with third-party developers after completing the technical design documentation for our products and therefore record the design costs leading up to a signed development contract as research and development expense. When we contract with third-party developers, we generally select those that have proven technology and experience in the genre of the software being developed, which often allows for the establishment of technological feasibility early in the development cycle. In instances where the documentation of the design and technology are not in place prior to an executed contract, we monitor the software development process and require our third-party developers to adhere to the same technological feasibility standards that apply to our internally developed products. Licenses consist of payments and guarantees made to holders of intellectual property rights for use of their trademarks, copyrights or other intellectual property rights in the development of our products. Agreements with license holders generally provide for guaranteed minimum payments for use of their intellectual property. Certain licenses, especially those related to our sports products, extend over multi-year periods and encompass multiple game titles. In addition to guaranteed minimum payments, these licenses frequently contain provisions that could require us to pay royalties to the license holder based on pre-agreed unit sales thresholds. Amortization of capitalized software development costs and licenses commences when a product is available for general release and is recorded on a title-by-title basis in cost of goods sold. For capitalized software development costs, annual amortization is calculated using (1) the proportion of current year revenue to the total revenue expected to be recorded over the life of the title or (2) the straight-line method over the remaining estimated life of the title, whichever is greater. For capitalized licenses, amortization is calculated as a ratio of (1) current year revenue to the total revenue expected to be recorded over the remaining estimated life of the title or (2) the contractual royalty rate based on actual net product sales as defined in the licensing agreement, whichever is greater. Amortization periods for our software products generally range from twelve to 30 months. We evaluate the future recoverability of capitalized software development costs and licenses on a quarterly basis. Recoverability is primarily assessed based on the title's actual performance. For products that are scheduled to be released in the future, recoverability is evaluated based on the expected performance of the specific products to which the cost or license relates. We use a number of criteria in evaluating expected product performance, including historical performance of comparable products developed with comparable technology, market performance of comparable titles, orders for the product prior to its release, general market conditions, and past performance of the franchise. When we determine that capitalized cost of the title is unlikely to be recovered by product sales, an impairment of software development and license costs capitalized is charged to cost of goods sold in the period in which such determination is made. We have profit and unit sales based internal royalty programs that allow selected employees to participate in the success of software titles that they assist in developing. Royalties earned under these programs are recorded as a component of Cost of goods sold in the period earned. Amounts earned and not yet paid are reflected within the software development royalties component of Accrued expenses and other current liabilities on our Consolidated Balance Sheets. Fixed Assets, net Office equipment, furniture and fixtures are depreciated using the straight-line method over their estimated useful life of five years. Computer equipment and software are generally depreciated using the straight-line method over three to five years. Leasehold improvements are amortized over the lesser of the term of the related lease or the useful life of the underlying asset, typically seven years. The cost of additions and improvements are capitalized, and repairs and maintenance costs are charged to operations, in the periods incurred. When depreciable assets are retired or sold, the cost and related allowances for depreciation are removed from the accounts and the gain or loss, if any, is recognized. The carrying amounts of these assets are recorded at historical cost. Leases In February 2016, the Financial Accounting Standards Board (“FASB”) issued new guidance related to the accounting for leases codified under Topic 842, Leases, which we adopted on April 1, 2019. We determine if an arrangement is a lease at contract inception. If there is an identified asset in the contract (either explicitly or implicitly) and we have control over its use, the contract is (or contains) a lease. In certain of our lease arrangements, primarily those related to our data center arrangements, judgment is required in determining if a contract contains a lease. For these arrangements, there is judgment in evaluating if the arrangement provides us with an asset that is physically distinct, or that represents substantially all of the capacity of the asset, and if we have the right to direct the use of the asset. Lease assets and liabilities are recognized based on the present value of future lease payments over the lease term at the commencement date. Included in the lease liability are future lease payments that are fixed, in-substance fixed, or payments based on an index or rate known at the commencement date of the lease. Variable lease payments are recognized as lease expenses as incurred. The operating lease right-of-use (“ROU”) asset also includes any lease payments made prior to commencement, initial direct costs incurred, and lease incentives received. As most of our leases do not provide an implicit rate, we generally use our incremental borrowing rate in determining the present value of future lease payments. The incremental borrowing rate represents the rate required to borrow funds over a similar term to purchase the leased asset and is based on an unsecured borrowing rate and risk-adjusted to approximate a collateralized rate at the commencement date of the lease. In determining our lease liability, the lease term includes options to extend or terminate the lease when it is reasonably certain that we will exercise such option. For operating leases, the lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. Lease modifications result in remeasurement of the lease liability. Leases with an initial term of twelve months or less are not recorded on the balance sheet, and we recognize lease expense for these leases on a straight-line basis over the lease term. We do not separate non-lease components from the related lease components. Goodwill and Intangible Assets Goodwill is the excess of purchase price paid over identified intangible and tangible net assets of acquired companies. Intangible assets consist of intellectual property, developed game technology, analytics technology, user base, trade names, and in-process research and development. Certain intangible assets acquired in a business combination are recognized as assets apart from goodwill. We use either the income, cost or market approach to aid in our conclusions of such fair values and asset lives. The income approach presumes that the value of an asset can be estimated by the net economic benefit to be received over the life of the asset, discounted to present value. The cost approach presumes that an investor would pay no more for an asset than its replacement or reproduction cost. The market approach estimates value based on what other participants in the market have paid for reasonably similar assets. Although each valuation approach is considered in valuing the assets acquired, the approach, or combination of approaches, ultimately selected is based on the characteristics of the asset and the availability of information. We test our goodwill for impairment annually, or more frequently if events and circumstances indicate the fair value of a reporting unit may be below its carrying amount. A reporting unit is defined as an operating segment or one level below an operating segment. We have determined that we operate in two reporting units, which are components of our operating segment. In the evaluation of goodwill for impairment, we have the option to first perform a qualitative assessment to determine if the fair value of a reporting unit is more likely than not (i.e., a likelihood of more than 50%) less than the carrying value before performing a quantitative impairment test. When a qualitative assessment is not used, or if the qualitative assessment is not conclusive, a quantitative impairment analysis for goodwill is performed at the reporting unit level. The quantitative goodwill impairment test is used to identify potential impairment by comparing the fair value of a reporting unit with its carrying amount, including goodwill. If the carrying value exceeds the fair value, an impairment charge is recognized equal to the difference between the carrying value of the reporting unit and its fair value, considering the related income tax effect of any goodwill deductible for tax purposes. In performing the quantitative assessment, we measure the fair value of the reporting unit using a combination of the income and market approaches. The assessment requires us to make judgments and involves the use of significant estimates and assumptions. These estimates and assumptions include long-term growth rates and operating margins used to calculate projected future cash flows, risk-adjusted discount rates based on our weighted average cost of capital, future economic and market conditions and the determination of appropriate, comparable market data. Our estimates for market growth are based on historical data, various internal estimates and observable external sources when available, and are based on assumptions that are consistent with the plans and estimates we use to manage the underlying business. Based on our annual impairment assessment process for goodwill, no impairments were recorded during the fiscal years ended March 31, 2021, 2020, or 2019. As of March 31, 2021, the goodwill balance of one of our reporting units is $345,725, and a moderate reduction in its fair value may result in an impairment charge, which would be equal to the excess of the carrying value over the fair value of such assets. Long-lived Assets We review all long-lived assets for impairment whenever events or changes in circumstances indicate that the related carrying amount of an asset or asset group may not be recoverable. We compare the carrying amount of the asset to the estimated undiscounted future cash flows expected to result from the use of the asset. If the carrying amount of the asset exceeds estimated expected undiscounted future cash flows, we record an impairment charge for the difference between the carrying amount of the asset and its fair value. The estimated fair value is generally measured by discounting expected future cash flows using our incremental borrowing rate or discount rate, if available. As of March 31, 2021, no indicators of impairment existed. Derivatives and Hedging We transact business in various foreign currencies and have significant sales and purchase transactions denominated in foreign currencies, subjecting us to foreign currency exchange rate risk. From time to time, we carry out transactions involving foreign currency exchange derivative financial instruments. The transactions are designed to hedge our exposure in currency exchange rate movements. We recognize derivative instruments as either assets or liabilities on our Consolidated Balance Sheets and we measure those instruments at fair value. The changes in fair value of derivatives that are not designated as hedges are recognized currently in earnings as Interest and other, net in our Consolidated Statements of Operations. If a derivative meets the definition of a cash flow hedge and is so designated, the effective portion of changes in the fair value of the derivative are recognized, as a component of Other comprehensive income (loss) while the ineffective portion of the changes in fair value is recorded currently in earnings as Interest and other, net in our Consolidated Statements of Operations. Amounts included in Accumulated other comprehensive income (loss) for cash flow hedges are reclassified into earnings in the same period that the hedged item is recognized in Cost of goods sold, Research and development expenses, or Interest and other, net, as appropriate. Income Taxes We record a tax provision for the anticipated tax consequences of the reported results of operations. Our provision for income taxes is computed using the asset and liability method, under which deferred income taxes are recognized for differences between the financial statement and tax bases of assets and liabilities at currently enacted statutory tax rates for the years in which the differences are expected to reverse. The effect on deferred taxes of a change in tax rates is recognized in income in the period that includes the enactment. Valuation allowances are established when we determine that it is more likely than not that such deferred tax assets will not be realized. We do not record income tax expense related to foreign withholding taxes or United States income taxes that may become payable upon the repatriation of undistributed earnings of foreign subsidiaries, as such earnings are expected to be reinvested indefinitely outside of the United States. We use estimates and assumptions to compute the provision for income taxes including allocations of certain transactions to different tax jurisdictions, amounts of permanent and temporary differences, the likelihood of deferred tax assets being recovered and the outcome of contingent tax risks. These estimates and assumptions are revised as new events occur, more experience is acquired and additional information is obtained. The effect of these revisions is recorded in income tax expense or benefit in the period in which they become known. Revenue Recognition We derive revenue primarily from the sale of our interactive entertainment content, principally for console gaming systems and personal computers, including smartphones and tablets. Our interactive entertainment content consists of full game software products that may contain offline gameplay, online gameplay, or a combination of offline and online gameplay. We may also sell separate downloadable add-on content to supplement our full game software products. Certain of our software products provide customers with the option to acquire virtual currency or make in-game purchases. We determine revenue recognition by: •identifying the contract, or contracts, with the customer; •identifying the performance obligations in the contract; •determining the transaction price; •allocating the transaction price to performance obligations in the contract; and •recognizing revenue when, or as, we satisfy performance obligations by transferring the promised goods or services. We recognize revenue in the amount that reflects the consideration we expect to receive in exchange for the sales of software products and game related services when control of the promised products and services is transferred to our customers and our performance obligations under the contract have been satisfied. Revenue is recorded net of transaction taxes assessed by governmental authorities such as sales, value-added and other similar taxes. Our software products are sold as full games, which typically provide access to the main game content, primarily for console and PC. Generally, our full game software products deliver a license of our intellectual property that provides a functional offline gaming experience (i.e., one that does not require an Internet connection to access the main game content or other significant game related services). We recognize revenue related to the license of our intellectual property that provides offline functionality at the time control of the products has been transferred to our customers (i.e. upon delivery of the software product). In addition, some of our full game software products that provide a functional offline gaming experience may also include significant game related services delivered over time, such as online functionality that is dependent upon online support services and/or additional free content updates. For full game sales that offer offline functionality and significant game related services we evaluate whether the license of our intellectual property and the game related services are distinct and separable. This evaluation is performed for each software product sold. If we determine that our software products contain a license of intellectual property separate from the game related services (i.e. multiple performance obligations), we estimate a standalone selling price for each identified performance obligation. We allocate the transaction price to each performance obligation using a relative standalone selling price method (the transaction price is allocated to a performance obligation based on the proportion of the standalone selling price of each performance obligation to the sum of the standalone selling prices for all performance obligations in the contract). For the portion of the transaction price allocable to the license, revenue is recognized when the customer takes control of the product. For the portion of the transaction price allocated to game related services, revenue is recognized ratably over an estimated service period for the related software product. We also defer related product costs and recognize the costs as the revenues are recognized. Certain of our full game software products are delivered primarily as an online gaming experience with substantially all gameplay requiring online access to our game related services. We recognize revenue for full game software products that are dependent on our game related services over an estimated service period. For our full game online software products, we also defer related product costs and recognize the costs as the revenue is recognized. In addition to sales of our full game software products, certain of our software products provide customers with the option to acquire virtual currency or make in-game purchases. Revenue from the sale of virtual currency and in-game purchases is deferred and recognized ratably over an estimated service period. We also sell separate downloadable add-on content to supplement our full game software products. Revenue from the sale of separate downloadable add-on content is evaluated for revenue recognition on the same basis as our full game software products. Certain software products are sold to customers with a “street date” (the earliest date these products may be sold by these retailers). For the transaction price related to the license for these products that also provide a functional offline gaming experience, we recognize revenue on the later of the street date or the sale date as this is generally when we have transferred control of this performance obligation. For the sale of physical software products, recognition of revenue allocated to game related services does not begin until the product is sold-through by our customer to the end user. We currently estimate sell-through to the end user for all our titles to be approximately two months after we have sold-in the software products to retailers. Determining the estimated sell-through period requires management judgment and estimates. In addition, some of our software products are sold as digital downloads. Revenue from digital downloads generally commences when the download is made available to the end user by a third-party digital storefront. Our payment terms and conditions vary by customer and typically provide net 30- to 60-day terms. In instances where the timing of revenue recognition differs from the timing of invoicing, we do not adjust the promised amount of consideration for the effects of a significant financing component when we expect, at contract inception, that the period between our transfer of a promised product or service to our customer and payment for that product or service will be one year or less. In certain countries, we use third-party licensees to distribute and host our games in accordance with license agreements, for which the licensees typically pay us a fixed minimum guarantee and sales-based royalties. These arrangements typically include multiple performance obligations, such as an upfront license of intellectual property and rights to future updates. Based on the allocated transaction price, we recognize revenue associated with the minimum guarantee when we transfer control of the upfront license of intellectual property (generally upon commercial launch) and the remaining portion ratably over the contractual term in which we provide the licensee with future update rights. Royalty payments in excess of the minimum guarantee are generally recognized when the licensed product is sold by the licensee. Contract Balances We generally record a receivable related to revenue when we have an unconditional right to invoice and receive payment, and we record deferred revenue when cash payments are received or due in advance of satisfying our performance obligations, even if amounts are refundable. Contract assets generally consist of arrangements for which we have recognized revenue to the extent it is probable that significant reversal will not occur but do not have a right to invoice as of the reporting date. Contract assets are recorded within Prepaid expenses and other on our Consolidated Balance Sheet. Our allowances for doubtful accounts are typically immaterial and, if required, are based on our best estimate of expected credit losses inherent in our accounts receivable balance. Deferred revenue is comprised primarily of unsatisfied revenue related to the portion of the transaction price allocable to game related services of our full game software products and sales of virtual currency. These sales are typically invoiced at the beginning of the contract period, and revenue is recognized ratably over the estimated service period. Deferred revenue may also include amounts related to software products with future street dates. Refer to Note 2 - Revenue from Contracts with Customers for further information, including changes in deferred revenue during the period. Principal Agent Considerations We offer certain software products via third-party digital storefronts, such as Microsoft’s Xbox Live, Sony’s PlayStation Network, Valve's Steam, Epic Games Store, Apple's App Store, and the Google Play Store. For sales of our software products via third-party digital storefronts, we determine whether or not we are acting as the principal in the sale to the end user, which we consider in determining if revenue should be reported based on the gross transaction price to the end user or based on the transaction price net of fees retained by the third-party digital storefront. An entity is the principal if it controls a good or service before it is transferred to the customer. Key indicators that we use in evaluating these sales transactions include, but are not limited to, the following: •the underlying contract terms and conditions between the various parties to the transaction; •which party is primarily responsible for fulfilling the promise to provide the specified good or service; and •which party has discretion in establishing the price for the specified good or service. Based on our evaluation of the above indicators, for sales arrangements via Microsoft’s Xbox Live, Sony’s PlayStation Network, Valve's Steam, and Epic Games Store we have determined we are not the principal in the sales transaction to the end user and therefore we report revenue based on the consideration received from the digital storefront. For sales arrangements via Apple's App Store and the Google Play Store, we have determined that we are the principal to the end user and thus report revenue on a gross basis and mobile platform fees charged by these digital storefronts are expensed as incurred and reported within Cost of goods sold. Shipping and Handling Shipping and handling costs are incurred to move physical software products to customers. We recognize all shipping and handling costs as an expense in Cost of goods sold because we are responsible for delivery of the product to our customers prior to transfer of control to the customer. Estimated Service Period For certain performance obligations satisfied over time, we have determined that the estimated service period is the time period in which an average user plays our software products (“user life”) which most faithfully depicts the timing of satisfying our performance obligation. We consider a variety of data points when determining and subsequently reassessing the estimated service period for players of our software products. Primarily, we review the weighted average number of days between players’ first and last days played online. When a new game is launched and therefore no history of online player data is available, we consider other factors to determine the user life, such as the estimated service period of other games actively being sold with similar characteristics. We also consider known online trends, the service periods of our previously released software products, and, to the extent publicly available, the service periods of our competitors’ software products that are similar in nature to ours. We believe this provides a reasonable depiction of the transfer of our game related services to our customers, as it is the best representation of the period during which our customers play our software products. Determining the estimated service period is subjective and requires significant management judgment and estimates. Future usage patterns may differ from historical usage patterns, and therefore the estimated service period may change in the future. The estimated service periods for players of our current software products are generally between six and fifteen months depending on the software product. Revenue Arrangements with Multiple Performance Obligations Our contracts with customers often include promises to transfer multiple products and services. Determining whether products and services are considered distinct performance obligations that should be accounted for separately versus together requires significant judgment. For software products in which the software license has offline functionality and benefits from meaningful game related services, which may include online functionality that is dependent on our online support services and/or additional free content updates, we believe we have separate performance obligations for the license of the intellectual property and the game related services. Additionally, because each of our product offerings has unique features and because we do not sell our game related services separately, we typically do not have observable standalone selling prices for each performance obligation. Significant judgment and estimates are also required to determine the standalone selling price for each distinct performance obligation and whether a discount needs to be allocated based on the relative standalone selling price of our products and services. To estimate the standalone selling price for each performance obligation, we consider, to the extent available, a variety of data points such as past selling prices of the product or other similar products, competitor pricing, and market data. If observable pricing is not available, we use an expected cost-plus margin approach taking into account relevant costs including product development, post-release support, marketing and licensing costs. This evaluation is performed on a product by product basis. Price Protection, Allowances for Returns, and Sales Incentives We grant price protection and accept returns in connection with our distribution arrangements. Following reductions in the price of our physical software products, we grant price protection to permit customers to take credits against amounts they owe us with respect to merchandise unsold by them. Our customers must satisfy certain conditions to entitle them to receive price protection or return products, including compliance with applicable payment terms and confirmation of field inventory levels. At contract inception and at each subsequent reporting period, we make estimates of price protection and product returns related to current period software product revenue. We estimate the amount of price protection and returns for software products based upon, among other factors, historical experience and performance of the titles in similar genres, historical performance of the hardware platform, customer inventory levels, analysis of sell-through rates, sales force and retail customer feedback, industry pricing, market conditions, and changes in demand and acceptance of our products by consumers. We enter into various sales incentive arrangements with our customers, such as rebates, discounts, and cooperative marketing. These incentives are considered adjustments to the transaction price of our software products and are reflected as reductions to revenue. Sales incentives incurred by us for distinct goods or services received, such as the appearance of our products in a customer’s national circular ad, are included in Selling and marketing expense if there is a separate identifiable benefit and the benefit’s fair value can be established. Otherwise, such sales incentives are reflected as a reduction to revenue. Revenue is recognized after deducting the estimated price protection, allowances for returns, and sales incentives, which are accounted for as variable consideration. Price protection, allowances for returns, and sales incentives are considered refund liabilities and are reported within Accrued expenses and other current liabilities on our Consolidated Balance Sheet. Significant Estimates Significant management judgment and estimates must be used in connection with many of the determinations described above, such as estimating the fair value allocation to distinct and separable performance obligations, the service period over which to defer recognition of revenue, the time it takes our physical products to sell-through to end users, and the amounts of price protection. We believe we can make reliable estimates. However, actual results may differ from initial estimates due to changes in circumstances, market conditions, and assumptions. Adjustments to estimates are recorded in the period in which they become known. Advertising We expense marketing costs as incurred, except for production costs associated with media advertising, which are deferred and charged to expense when the related advertisement is run for the first time. Advertising, marketing, and other promotional expenses for the fiscal years ended March 31, 2021, 2020 and 2019 amounted to $241,068, $285,607 and $249,315, respectively, and are included in Selling and marketing expense in our Consolidated Statements of Operations. Stock-based Compensation We have stock-based compensation plans that are broad-based long-term retention programs intended to attract and retain talented employees and align stockholder and employee interests, which allows for awards of restricted stock, restricted stock units and other stock-based awards of our common stock to employees and non-employees. Our plans include time-based, market-based, and performance-based awards of our common stock to employees and non-employees. We account for stock-based awards under the fair value method of accounting. The fair value of all stock-based compensation is either capitalized and amortized in accordance with our software development cost accounting policy or recognized as expense on a straight-line basis over the full vesting period of the awards for time-based stock awards and on an accelerated attribution method for market-based and performance-based stock awards. We estimate the fair value of time-based awards using our closing stock price on the date of grant. We estimate the fair value of market-based awards using a Monte Carlo Simulation method, which takes into account assumptions such as the expected volatility of our common stock, the risk-free interest rate based on the contractual term of the award, expected dividend yield, vesting schedule and the probability that the market conditions of the awards will be achieved. For performance-based shares, we do not record expense until the performance criteria are considered probable. Stock-based compensation expense is recorded net of forfeitures as they occur. Earnings (loss) per Share ("EPS") Basic EPS is computed by dividing the net income (loss) applicable to common stockholders for the period by the weighted average number of shares of common stock outstanding during the same period. Diluted EPS is computed by dividing the net income (loss) applicable to common stockholders for the period by the weighted average number of shares of common stock and common stock equivalents outstanding. Common stock equivalents are measured using the treasury stock method and represent unvested stock-based awards. Foreign Currency The functional currency for our foreign operations is primarily the applicable local currency. Accounts of foreign operations are translated into U.S. dollars using exchange rates for assets and liabilities at the balance sheet date and average prevailing exchange rates for the period for revenue and expense accounts. Adjustments resulting from translation are included in accumulated other comprehensive income (loss). Realized and unrealized transaction gains and losses are included in our Consolidated Statements of Operations in the period in which they occur. Comprehensive Income (Loss) Comprehensive income (loss) is defined to include all changes in equity except those resulting from investments by owners and distributions to owners. Accumulated other comprehensive income (loss) includes foreign currency translation adjustments, which relate to investments that are permanent in nature and therefore do not require tax adjustments, and the amounts for unrealized gains (losses), net on derivative instruments designated as cash flow hedges, as well as any associated tax impact, and available for sale securities. Recently Adopted Accounting Pronouncements Accounting for Fair Value Measurement In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement, which modifies the disclosure requirements on fair value measurements by removing, modifying, or adding certain disclosures. We adopted this update effective April 1, 2020. The adoption of this standard did not have a material impact on our Consolidated Financial Statements. Accounting for Credit Losses In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses, which replaces the incurred loss impairment methodology in current U.S. GAAP with a methodology that requires the reflection of expected credit losses and also requires consideration of a broader range of reasonable and supportable information to determine credit loss estimates. It also eliminates the concept of other-than-temporary impairment and requires credit losses related to available-for-sale debt securities to be recorded through an allowance for credit losses rather than as a reduction in the amortized cost basis of the securities. For most financial instruments, the standard requires the use of a forward-looking expected loss model rather than the incurred loss model for recognizing credit losses, which generally results in the earlier recognition of credit losses on financial instruments. We adopted this update effective April 1, 2020 under a modified retrospective basis. No adjustment to retained earnings was recorded as a result of the adoption of this standard, which did not have an impact on our Consolidated Financial Statements. Recently Issued Accounting Pronouncements Accounting for Income Taxes In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, which enhances and simplifies various aspects of the income tax accounting guidance, including requirements such as tax basis step-up in goodwill obtained in a transaction that is not a business combination, ownership changes in investments, and interim-period accounting for enacted changes in tax law. ASU 2019-12 is effective for fiscal years, and interim periods within those fiscal years, beginning December 15, 2020 (April 1, 2021 for the Company), with early adoption permitted. We do not expect that the impact of the adoption will be material to our Consolidated Financial Statements.

REVENUE FROM CONTRACTS WITH CUSTOMERS

12 Months Ended

Mar. 31, 2021

Revenue from Contract with Customer [Abstract]

REVENUE FROM CONTRACTS WITH CUSTOMERS

Disaggregation of revenue

Service and other revenue

Service and other revenue is primarily comprised of revenue from our software products that include game related services, or separate virtual currency transactions, and in-game purchases, which are recognized over an estimated service period.

Product revenue

Product revenue is primarily comprised of the portion of revenue from software products that is recognized when the customer takes control of the product (i.e. upon delivery of the software product).

Net revenue by service and other revenue and product was as follows:


	Fiscal Year Ended March 31,
	2021		2020		2019
Net revenue recognized:
Service and other	$	2,281,555	$	1,839,696	$	1,319,033
Product	1,091,217		1,249,274		1,349,361
Total net revenue	$	3,372,772	$	3,088,970	$	2,668,394

Recurrent consumer spending revenue

Recurrent consumer spending revenue is generated from ongoing consumer engagement and includes revenue from virtual currency, add-on content, and in-game purchases.

Full game and other revenue

Full game and other revenue primarily includes the initial sale of full game software products, which may include offline and/or significant game related services.

Net revenue by recurrent consumer spending revenue and full game and other was as follows:


	Fiscal Year Ended March 31,
	2021		2020		2019
Net revenue recognized:
Recurrent consumer spending	$	2,074,687	$	1,384,999	$	1,070,916
Full game and other	1,298,085		1,703,971		1,597,478
Total net revenue	$	3,372,772	$	3,088,970	$	2,668,394

Geography

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


	Fiscal Year Ended March 31,
	2021		2020		2019
Net revenue recognized:
United States	$	2,015,885	$	1,775,682	$	1,426,906
International	1,356,887		1,313,288		1,241,488
Total net revenue	$	3,372,772	$	3,088,970	$	2,668,394

Platform

Net revenue by platform was as follows:


	Fiscal Year Ended March 31,
	2021		2020		2019
Net revenue recognized:
Console	$	2,516,993	$	2,308,602	$	2,233,861
PC and other	855,779		780,368		434,533
Total net revenue	$	3,372,772	$	3,088,970	$	2,668,394

Distribution channel

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


	Fiscal Year Ended March 31,
	2021		2020		2019
Net revenue recognized:
Digital online	$	2,919,292	$	2,378,563	$	1,681,609
Physical retail and other	453,480		710,407		986,785
Total net revenue	$	3,372,772	$	3,088,970	$	2,668,394

Deferred Revenue

We record deferred revenue when payments are due or received in advance of the fulfillment of our associated performance obligations. The balance of deferred revenue, including current and non-current balances, as of March 31, 2021 and March 31, 2020 were $965,331 and $806,123, respectively. For the fiscal year ended March 31, 2021, the additions to our deferred revenue balance were primarily due to cash payments received or due in advance of satisfying our performance obligations, while the reductions to our deferred revenue balance were due primarily to the recognition of revenue upon fulfillment of our performance obligations, both of which were in the ordinary course of business.

During the fiscal year ended March 31, 2021, $774,279 of revenue was recognized that was included in the deferred revenue balance at the beginning of the period. As of March 31, 2021, the aggregate amount of contract revenue allocated to unsatisfied performance obligations is $1,100,441, which includes our deferred revenue balances and amounts to be invoiced and recognized as revenue in future periods. We expect to recognize approximately $969,739 of this balance as revenue over the next 12 months, and the remainder thereafter. This balance does not include an estimate for variable consideration arising from sales-based royalty license revenue in excess of the contractual minimum guarantee.

As of March 31, 2021 and March 31, 2020, our contract asset balances were $105,554 and $81,625, respectively, which are included within Prepaid and other in our Consolidated Balance Sheet.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

+ Details

MANAGEMENT AGREEMENT	12 Months Ended
MANAGEMENT AGREEMENT	Mar. 31, 2021
MANAGEMENT AGREEMENT
MANAGEMENT AGREEMENT	MANAGEMENT AGREEMENT In November 2017, we entered into a new management agreement (the "2017 Management Agreement") with ZelnickMedia Corporation ("ZelnickMedia") that replaced our previous agreement with ZelnickMedia and pursuant to which ZelnickMedia provides financial and management consulting services to the Company through March 31, 2024. The 2017 Management Agreement became effective January 1, 2018. As part of the 2017 Management Agreement, Strauss Zelnick, the President of ZelnickMedia, continues to serve as Executive Chairman and Chief Executive Officer of the Company, and Karl Slatoff, a partner of ZelnickMedia, continues to serve as President of the Company. The 2017 Management Agreement provides for an annual management fee of $3,100 over the term of the agreement and a maximum annual bonus opportunity of $7,440 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 $10,540, $10,540, and $9,265 for the fiscal years ended March 31, 2021, 2020, and 2019, respectively. Pursuant to the 2017 Management Agreement, we also issued stock-based awards to ZelnickMedia. During the fiscal years ended March 31, 2021, 2020, and 2019, we recorded $27,281, $23,413, and $21,257, respectively, of stock-based compensation expense for non-employee awards, which is included in General and administrative expenses. See Note 17 - Stock-Based Compensation for a discussion of such awards.

FAIR VALUE MEASUREMENTS

12 Months Ended

Mar. 31, 2021

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

The carrying amounts of our financial instruments, including cash and cash equivalents, restricted cash and cash equivalents, accounts receivable, accounts payable and accrued 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 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.


	March 31, 2021		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	$	837,614	$	837,614	$	—	$	—	Cash and cash equivalents
Bank-time deposits	95,000		95,000		—		—		Cash and cash equivalents
Commercial paper	100,105		—		100,105		—		Cash and cash equivalents

Money market funds	528,659		528,659		—		—		Restricted cash and cash equivalents
Bank-time deposits	563		563		—		—		Restricted cash and cash equivalents
Corporate bonds	521,224		—		521,224		—		Short-term investments
Bank-time deposits	578,762		578,762		—		—		Short-term investments
US Treasuries	60,086		60,086		—		—		Short-term investments
Commercial paper	148,150		—		148,150		—		Short-term investments
Asset-backed securities	470		—		470		—		Short-term investments
Money market funds	98,541		98,541		—		—		Long-term restricted cash and cash equivalents
Private equity	7,578		—		—		7,578		Other assets
Foreign currency forward contracts	(125)		$	—	(125)		$	—	Accrued expenses and other current liabilities
Total recurring fair value measurements, net	$	2,976,627	$	2,199,225	$	769,824	$	7,578


	March 31, 2020		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	$	497,861	$	497,861	$	—	$	—	Cash and cash equivalents
Bank-time deposits	313,757		313,757		—		—		Cash and cash equivalents
Commercial paper	97,544		—		97,544		—		Cash and cash equivalents
Corporate bonds	9,888		—		9,888		—		Cash and cash equivalents
Money market funds	546,604		546,604		—		—		Restricted cash and cash equivalents
Corporate bonds	334,631		—		334,631		—		Short-term investments
Bank-time deposits	191,000		191,000		—		—		Short-term investments
US Treasuries	30,819		30,819		—		—		Short-term investments
Commercial paper	87,553		—		87,553		—		Short-term investments
Cross-currency swap	11,275		—		11,275		—		Prepaid expenses and other
Money market funds	89,124		89,124		—		—		Long-term restricted cash and cash equivalents
Private equity	2,759		—		—		2,759		Other assets
Foreign currency forward contracts	(11)		—		(11)		—		Accrued expenses and other current liabilities
Total recurring fair value measurements, net	$	2,212,804	$	1,669,165	$	540,880	$	2,759

We did not have any transfers between Level 1 and Level 2 fair value measurements, nor did we have any transfers into or out of Level 3 during the fiscal year ended March 31, 2021.

Nonrecurring fair value measurements

We hold equity investments in certain unconsolidated entities without a readily determinable fair value. Our strategic investments represent less than a 20% ownership interest in each of the privately held entities, and we do not maintain power over or control of the entities. We have elected the practical expedient in Topic 321, Investments-Equity Securities, to measure these investments at cost less any impairment, adjusted for observable price changes, if any. Based on these considerations, we estimate that the carrying value of the acquired shares represents the fair value of the investment. At March 31, 2021, we held approximately $20,000 of such investments in Other assets within our Consolidated Balance Sheet.

During the fiscal year ended March 31, 2021, we recognized a gain on the sale of one of these investments of $40,588. The gain is reflected in Gain (loss) on long-term investments, net within our Consolidated Statements of Operations.

- 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

12 Months Ended

Mar. 31, 2021

Investments, Debt and Equity Securities [Abstract]

SHORT TERM INVESTMENTS

SHORT-TERM INVESTMENTS

Our short-term investments consisted of the following as of March 31, 2021:


	March 31, 2021
	Cost or Amortized Cost		Gross Unrealized
			Gains		Losses		Fair Value
Short-term investments
Bank time deposits	$	578,762	$	—	$	—	$	578,762
Available-for-sale securities:
Corporate bonds	520,486		994		(256)		521,224
US Treasuries	60,029		57		—		60,086
Commercial paper	148,149		1		—		148,150
Asset-backed securities	469		1		—		470
Total short-term investments	$	1,307,895	$	1,053	$	(256)	$	1,308,692


	March 31, 2020
	Cost or Amortized Cost		Gross Unrealized
			Gains		Losses		Fair Value
Short-term investments
Bank time deposits	$	191,000	$	—	$	—	$	191,000
Available-for-sale securities:
Corporate bonds	337,752		307		(3,428)		334,631
US Treasuries	30,481		338		—		30,819
Commercial paper	87,553		—		—		87,553
Total short-term investments	$	646,786	$	645	$	(3,428)	$	644,003

The following table summarizes the contracted maturities of our short-term investments at March 31, 2021:


	March 31, 2021
	Amortized Cost		Fair Value
Short-term investments
Due in 1 year or less	$	1,111,554	$	1,112,328
Due in 1-2 years	196,341		196,364
Total short-term investments	$	1,307,895	$	1,308,692

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

12 Months Ended

Mar. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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 classify cash flows from derivative transactions as cash flows from operating activities in our Consolidated Statements of Cash Flows.

Foreign currency forward contracts

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


	March 31,
	2021		2020
Forward contracts to sell foreign currencies	$	140,510	$	122,024
Forward contracts to purchase foreign currencies	$	92,123	$	52,596

For the fiscal years ended March 31, 2021, 2020 and 2019, we recorded a loss of $3,584, a loss of $959, and a gain of $16,831, respectively, related to foreign currency forward contracts in Interest and other, net on our 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.

Cross-currency swaps

In August 2017, we entered into a cross-currency swap agreement related to an intercompany loan that was designated and accounted for as a cash flow hedge of foreign currency exchange risk. During the three months ended June 30, 2020, we settled the intercompany loan and cross-currency swap, thereby discontinuing the cash flow hedge. As a result, we reclassified $3,109 from Accumulated other comprehensive income (loss) to earnings as an increase to Interest and other, net on our Consolidated Statement of Operations. We also received $7,420 in cash to settle our corresponding derivative asset.

INVENTORY

12 Months Ended

Mar. 31, 2021

Inventory Disclosure [Abstract]

INVENTORY

Inventory balances by category are as follows:


	March 31,
	2021		2020
Finished products	$	16,941	$	17,984
Parts and supplies	801		1,124
Inventory	$	17,742	$	19,108

Estimated product returns included in inventory at March 31, 2021 and 2020 were $186 and $506, respectively.

SOFTWARE DEVELOPMENT COSTS AND LICENSES

12 Months Ended

Mar. 31, 2021

SOFTWARE DEVELOPMENT COSTS AND LICENSES

SOFTWARE DEVELOPMENT COSTS AND LICENSES

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


	March 31,
	2021				2020
	Current		Non-current		Current		Non-current
Software development costs, internally developed	$	22,225	$	412,919	$	17,367	$	305,970
Software development costs, externally developed	7,349		75,086		10,971		92,908
Licenses	13,869		2,887		11,978		2,900
Software development costs and licenses	$	43,443	$	490,892	$	40,316	$	401,778

Software development costs and licenses, net of current portion as of March 31, 2021 and 2020 included $483,110 and $333,063, respectively, related to titles that have not been released.

Amortization and impairment of software development costs and licenses are as follows:


	Fiscal Year Ended March 31,
	2021		2020		2019
Amortization of software development costs and licenses	$	113,897	$	321,956	$	342,870
Impairment of software development costs and licenses	39,073		—		7,426
Less: Portion representing stock-based compensation	(8,707)		(154,031)		(149,075)
Amortization and impairment, net of stock-based compensation	$	144,263	$	167,925	$	201,221

The impairment charges related (i) to unamortized capitalized costs for the development of certain interactive entertainment software products, which are anticipated to exceed the net realizable value of the asset, and (ii) to decisions not to proceed with further development of certain interactive entertainment software products.

FIXED ASSETS, NET

12 Months Ended

Mar. 31, 2021

Property, Plant and Equipment [Abstract]

FIXED ASSETS, NET

Fixed asset balances by category are as follows:


	March 31,
	2021		2020
Computer equipment	$	155,580	$	127,897
Leasehold improvements	135,150		113,057
Computer software	63,947		60,507
Furniture and fixtures	17,693		16,520
Office equipment	13,282		12,109
Buildings	857		—
	386,509		330,090
Less: accumulated depreciation	(237,145)		(198,202)
Fixed assets, net	$	149,364	$	131,888

Depreciation expense related to fixed assets for the fiscal years ended March 31, 2021, 2020 and 2019 was $54,835, $47,628 and $39,726, respectively.

The following represents our fixed assets, net by location:


	March 31,
	2021		2020
United States	$	101,838	$	87,153
International	47,526		44,735
Fixed assets, net	$	149,364	$	131,888

GOODWILL AND INTANGIBLE ASSETS, NET

12 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS, NET

Goodwill

The change in our goodwill balance is as follows:


	Total
Balance at March 31, 2019	$	381,717
Additions from immaterial acquisitions	13,205
Currency translation adjustment	(8,428)
Balance at March 31, 2020	$	386,494
Acquisition of Playdots, Inc. (see Note 22)	119,069
Additions from immaterial acquisitions	13,260
Currency translation adjustment	16,483
Balance at March 31, 2021	$	535,306

Intangibles

The following table sets forth the intangible assets that are subject to amortization:


	March 31,
	2021						2020
	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Gross Carrying Amount		Accumulated Amortization		Net Book Value		Weighted average useful life
Developed game technology	$	143,628	$	(62,667)	$	80,961	$	64,336	$	(42,425)	$	21,911	6 years
Intellectual property	41,077		(14,542)		26,535		26,109		(10,836)		15,273		6 years
Analytics technology	32,768		(27,256)		5,512		30,711		(19,450)		11,261		5 years
Branding and trade names	8,245		(2,245)		6,000		4,343		(1,528)		2,815		6 years
User base	6,200		(3,617)		2,583		—		—		—		1 year
Total intangible assets	$	231,918	$	(110,327)	$	121,591	$	125,499	$	(74,239)	$	51,260	5 years

Amortization of intangible assets is included in our Consolidated Statements of Operations as follows:


	Fiscal Year Ended March 31,
	2021		2020		2019
Cost of goods sold	$	21,199	$	14,325	$	16,937
Selling and marketing	3,617		—		—
Research and development	6,663		6,180		6,436
Depreciation and amortization	762		485		506
Total amortization of intangible assets	$	32,241	$	20,990	$	23,879

Estimated future amortization of intangible assets that will be recorded in cost of goods sold and operating expenses for the years ending March 31, are as follows:


Fiscal Year Ended March 31,	Amortization
2022	$	42,182
2023	22,758
2024	19,307
2025	14,838
2026	13,998

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

12 Months Ended

Mar. 31, 2021

Liabilities, Current [Abstract]

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued expenses and other current liabilities consisted of:


	March 31,
	2021		2020
Software development royalties	$	814,998	$	822,416
Compensation and benefits	122,404		81,791
Licenses	84,330		57,651
Refund Liability	53,361		77,829
Marketing and promotions	32,591		40,797


Other	96,406		89,400
Accrued expenses and other current liabilities	$	1,204,090	$	1,169,884

DEBT

12 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

DEBT

Credit Agreement

On February 8, 2019, we entered into an unsecured credit agreement (the “Credit Agreement”) that runs through February 8, 2024. The Credit Agreement provides for an unsecured five-year revolving credit facility with commitments of $200,000, including sublimits for (i) the issuance of letters of credit in an aggregate face amount of up to $25,000 and (ii) borrowings and letters of credit denominated in Pounds Sterling, Euros and Canadian Dollars in an aggregate principal amount of up to $25,000. In addition, the Credit Agreement contains uncommitted incremental capacity permitting the incurrence of up to an additional $250,000 in term loans or revolving credit facilities.

Loans under the Credit Agreement will bear interest at a rate of (a) 0.250% to 0.750% above a certain base rate (3.25% at March 31, 2021) or (b) 1.125% to 1.750% above LIBOR (approximately 1.10% at March 31, 2021), which rates are determined by reference to our consolidated total net leverage ratio. We had no outstanding borrowings at March 31, 2021 and March 31, 2020.

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


	March 31,
	2021		2020
Available borrowings	$	197,874	$	198,336
Outstanding letters of credit	$	2,126	$	1,664

We recorded interest expense and fees related to the Credit Agreement of $355, $275 and $372, for the fiscal years ended March 31, 2021, 2020 and 2019, respectively and, under a prior credit agreement that was terminated on the same day that we entered into the Credit Agreement, $472 for the fiscal year ended March 31, 2019. The Credit Agreement also includes, among other terms and conditions, maximum leverage ratio, minimum cash reserves and, in certain circumstances, minimum interest coverage ratio financial covenants, as well as limitations on us and each of our subsidiaries’ ability to create, incur, assume or be liable for indebtedness; dispose of assets outside the ordinary course; acquire, merge or consolidate with or into another person or entity; create, incur or allow any lien on any of its property; make investments; or pay dividends or make distributions, in each case subject to certain exceptions. In addition, the Credit Agreement provides for certain events of default such as nonpayment of principal and interest when due thereunder, breaches of representations and warranties, noncompliance with covenants, acts of insolvency and default on indebtedness held by third parties (subject to certain limitations and cure periods).

EARNINGS PER SHARE ("EPS")

12 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

EARNINGS PER SHARE (EPS)

EARNINGS PER SHARE ("EPS")

The following table sets forth the computation of basic and diluted EPS (in thousands except per share amounts):


	Fiscal Year Ended March 31,
	2021		2020		2019
Computation of Basic earnings per share:
Net income	$	588,886	$	404,459	$	333,837
Weighted average common shares outstanding—basic	114,602		113,096		113,176
Basic earnings per share	$	5.14	$	3.58	$	2.95

Computation of Diluted earnings per share:
Net income	$	588,886	$	404,459	$	333,837

Weighted average common shares outstanding—basic	114,602		113,096		113,176
Add: dilutive effect of common stock equivalents	1,142		1,040		2,022
Weighted average common shares outstanding—diluted	115,744		114,136		115,198

Diluted earnings per share	$	5.09	$	3.54	$	2.90

LEASES

12 Months Ended

Mar. 31, 2021

Leases [Abstract]

LEASES

Our lease arrangements are primarily for (1) corporate, administrative, and development studio offices and (2) data centers and server equipment. Our existing leases have remaining lease terms ranging from one to thirteen years. In certain instances, such leases include one or more options to renew, with renewal terms that generally extend the lease term by one to five years for each option. The exercise of lease renewal options is generally at our sole discretion. Additionally, the majority of our leases are classified as operating leases.

Information related to our operating leases are as follows:


	Fiscal Year Ended March 31,
	2021		2020
Lease costs
Operating lease costs	$	37,300	$	29,383
Short term lease costs	$	1,148	$	2,771

Rent expense prior to our adoption of Topic 842 amounted to $29,204 for the fiscal year ended March 31, 2019.


	Fiscal Year Ended March 31,
	2021		2020
Supplemental operating cash flow information
Cash paid for amounts included in the measurement of lease liabilities	$	35,458	$	28,419
ROU assets obtained in exchange for lease obligations	$	34,638	$	58,745


	March 31,
	2021		2020
Weighted average information
Remaining lease term	8.61 years		8.90 years
Discount rate	4.91	%	4.98	%

Future undiscounted lease payments for our operating lease liabilities, and a reconciliation of these payments to our operating lease liabilities at March 31, 2021, are as follows:


For the years ending March 31,
2022	$	36,582
2023	35,369
2024	27,352
2025	21,350
2026	16,520
Thereafter	79,217
Total future lease payments	$	216,390
Less imputed interest	(25,124)
Total lease liabilities	$	191,266

As of March 31, 2021, we have entered into facility leases that have not yet commenced with future lease payments of approximately $5,709. These leases are expected to commence within the next twelve months and will have lease terms ranging from three to nine years.

COMMITMENTS AND CONTINGENCIES

12 Months Ended

Mar. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

A summary of annual minimum contractual obligations and commitments as of March 31, 2021 is as follows:


Fiscal Year Ending March 31,	Software Development and Licensing		Marketing		Purchase Obligations		Total
2022	$	217,275	$	40,494	$	51,115	$	308,884
2023	160,991		42,376		25,986		229,353
2024	152,458		84,729		8,617		245,804
2025	108,321		26,184		1,503		136,008
2026	56,155		25,063		—		81,218
Thereafter	21,375		—		—		21,375
Total	$	716,575	$	218,846	$	87,221	$	1,022,642

Software Development and Licensing Agreements: We make payments to third-party software developers that include contractual payments to developers under several software development agreements that expire at various times through July 2031. Our aggregate outstanding software development commitments assume satisfactory performance by third-party software developers. We also have licensing commitments that primarily consist of obligations to holders of intellectual property rights for use of their trademarks, copyrights, technology or other intellectual property rights in the development of our products.

Marketing Agreements: We have certain minimum marketing support commitments where we commit to spend specified amounts related to marketing our products. Marketing commitments expire at various times through September 2025 and primarily reflect our agreements with major sports leagues and players' associations.

Purchase obligations: These obligations are primarily related to agreements to purchase services that are enforceable and legally binding on us that specifies all significant terms, including fixed, minimum or variable pricing provisions; and the approximate timing of the transactions, expiring at various times through March 2024.

Employee Savings Plans: For our United States employees we maintain a 401(k) retirement savings plan and trust. Our 401(k) plan is offered to all eligible employees and participants may make voluntary contributions. We also have various pension plans for our non-U.S. employees, some of which are required by local laws, and allow or require employer contributions. Employer contributions under all defined contribution and pension plans during the fiscal years ended March 31, 2021, 2020, and 2019 were $17,701, $14,071, and $10,881, respectively.

Legal and Other Proceedings: We are, or may become, subject to demands and claims (including intellectual property and employment related 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 condition or results of operations. 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.

INCOME TAXES

12 Months Ended

Mar. 31, 2021

Income Tax Disclosure [Abstract]

INCOME TAXES

Components of income before income taxes are as follows:


	Fiscal Year Ended March 31,
	2021		2020		2019
Domestic	$	467,962	$	322,297	$	134,265
Foreign	209,854		136,142		98,520
Income before income taxes	$	677,816	$	458,439	$	232,785

Provision for (benefit from) current and deferred income taxes consists of the following:


	Fiscal Year Ended March 31,
	2021		2020		2019
Current:
U.S. federal	$	18,417	$	26,561	$	8,240
U.S. state and local	6,030		3,575		2,857
Foreign	27,333		10,061		22,274
Total current income taxes	51,780		40,197		33,371
Deferred:
U.S. federal	43,642		45,079		(128,317)
U.S. state and local	1,070		1,317		(9,157)
Foreign	(7,562)		(32,613)		3,051
Total deferred income taxes	37,150		13,783		(134,423)
Provision for (benefit from) income taxes	$	88,930	$	53,980	$	(101,052)

A reconciliation of our effective tax rate to the U.S. statutory federal income tax rate is as follows:


	Fiscal Year Ended March 31,
	2021		2020		2019
U.S. federal statutory rate	21.0	%	21.0	%	21.0	%
State and local taxes, net of U.S. federal benefit	1.1	%	2.1	%	2.9	%
Foreign tax rate differential(1)	(2.9)	%	1.0	%	(9.0)	%
Foreign earnings(2)	(0.3)	%	(9.3)	%	5.1	%
Tax credits(3)	(4.3)	%	(8.3)	%	(15.0)	%
Excess tax benefits from stock-based compensation	(2.0)	%	(1.8)	%	(5.7)	%
One-time transition tax	—	%	—	%	(2.0)	%
Valuation allowance—domestic	0.1	%	0.2	%	(46.0)	%
Valuation allowance—foreign(2)	—	%	7.3	%	—	%
Change in reserves	(0.4)	%	(2.0)	%	1.3	%
Other	0.8	%	1.6	%	4.0	%
Effective tax rate	13.1	%	11.8	%	(43.4)	%

(1) The foreign rate differentials in relation to foreign earnings, for all periods presented, are primarily driven by changes in the mix of our foreign earnings and the difference between the foreign and U.S. income tax rates. Fiscal year ended March 31, 2020 includes the impact of the reversal of a net deferred tax asset of $19,826 related to the effects of stock-based compensation from our intercompany cost-sharing arrangements due to an appeals court decision issued in Altera Corp. v. Commissioner.

(2) Fiscal year ended March 31, 2020 includes effects of a deferred tax asset and valuation allowance associated with a tax basis step up received in Switzerland related to the Federal Act on Tax Reform and AVH Financing ("TRAF") enacted on January 1, 2020.

(3) Tax benefits were recorded for fiscal years ended March 31, 2021, 2020, and 2019 attributable to certain tax credits related to software development activities.

The effects of temporary differences that gave rise to our deferred tax assets and liabilities were as follows:


	March 31,
	2021		2020
Deferred tax assets:
Accrued compensation expense	$	132,794	$	124,276
Equity-based compensation	60,012		66,253
Tax credit carryforward	54,576		45,746
Tax basis step up related to TRAF	45,266		45,266
Operating lease liabilities	42,846		39,512
Net operating loss carryforward	5,576		5,555
Deferred revenue	3,323		—
Business reorganization	401		1,874

Other	10,236		7,785
Total deferred tax assets	355,030		336,267
Less: Valuation allowance	(95,761)		(86,937)
Net deferred tax assets	259,269		249,330
Deferred tax liabilities:
Capitalized software and depreciation	(99,673)		(74,006)
Right of use assets	(40,391)		(36,947)
Intangible amortization	(29,683)		(18,206)
Deferred revenue	—		(5,038)
Other	(2,773)		(3,587)
Total deferred tax liabilities	(172,520)		(137,784)
Net deferred tax asset (1)	86,749		111,546

(1) As of March 31, 2021, $90,206 is included in Deferred tax assets and $3,457 is included in Other long-term liabilities. As of March 31, 2020, $116,676 is included in Deferred tax assets and $5,130 is included in Other long-term liabilities.

The valuation allowance is primarily attributable to deferred tax assets for which no benefit is provided due to uncertainty with respect to their realization.

At March 31, 2021, we had domestic net operating loss carryforwards totaling $44,481 of which $19,329 will expire in 2022 to 2028, $18,296 will expire from 2029 to 2032, and $6,856 will expire in 2036 to 2041. In addition, we had foreign net operating loss carryforwards of $10,236, of which $1,170 will expire in 2028 and the remainder may be carried forward indefinitely.

At March 31, 2021, we had domestic tax credit carryforwards totaling $173,559, of which $46,875 expire in 2038 to 2041, and the remainder may be carried forward indefinitely.

The total amount of undistributed earnings of foreign subsidiaries was approximately $419,887 at March 31, 2021 and $562,269 at March 31, 2020. As of March 31, 2021, it is our intention to reinvest indefinitely undistributed earnings of our foreign subsidiaries. Accordingly, no provision has been made for foreign withholding taxes or U.S. income taxes which may become payable if undistributed earnings of foreign subsidiaries are repatriated. It is not practicable to estimate the tax liability that would arise if these earnings were remitted.

We are regularly audited by domestic and foreign taxing authorities. Audits may result in tax assessments in excess of amounts claimed and the payment of additional taxes. We believe that our tax return positions comply with applicable tax law and that we have adequately provided for reasonably foreseeable assessments of additional taxes. Additionally, we believe that any assessments in excess of the amounts provided for will not have a material adverse effect on our Consolidated Financial Statements. It is possible that settlement of audits or the expiration of the statute of limitations may have an impact on our effective tax rate in future periods.

We recognize interest and penalties related to uncertain tax positions in the provision for income taxes in our Consolidated Statements of Operations. For the fiscal years ended March 31, 2021, 2020 and 2019, we recognized an increase of interest and penalties of $2,594, $71 and $232, respectively. The gross amount of interest and penalties accrued as of March 31, 2021 and 2020 was $9,351 and $6,757, respectively.

As of March 31, 2021, we had gross unrecognized tax benefits, including interest and penalties, of $167,559, of which $62,569 would affect our effective tax rate if realized. For the fiscal year ended March 31, 2021, gross unrecognized tax benefits increased by $33,290.

We are no longer subject to audit for U.S. federal income tax returns for periods prior to our fiscal year ended March 31, 2018 and state income tax returns for periods prior to the fiscal year ended March 31, 2017. With few exceptions, we are no longer subject to income tax examinations in non-U.S. jurisdictions for years prior to fiscal year ended March 31, 2016. Certain U.S. state and foreign taxing authorities are currently examining our income tax returns for the fiscal years ended March 31, 2015 through March 31, 2019.

The timing of the resolution of income tax examinations is highly uncertain, and the amounts ultimately paid, if any, upon resolution of the issues raised by the taxing authorities may differ materially from the amounts accrued for each year. Although potential resolution of uncertain tax positions involve multiple tax periods and jurisdictions, it is reasonably possible that a reduction of $8,950 of unrecognized tax benefits may occur within the next 12 months, some of which, depending on the nature of the settlement or expiration of statutes of limitations, may affect our income tax provision and therefore benefit the resulting effective tax rate. The actual amount could vary significantly depending on the ultimate timing and nature of any settlements.

The aggregate changes to the liability for gross uncertain tax positions, excluding interest and penalties, were as follows:


	Fiscal Year Ended March 31,
	2021		2020		2019
Balance, beginning of period	$	127,512	$	132,320	$	122,056
Additions:
Current year tax positions	18,861		8,596		13,281
Prior year tax positions	20,953		1,404		288
Reduction of prior year tax positions	(981)		(14,270)		(1,700)
Lapse of statute of limitations	(8,136)		(538)		(1,605)

Balance, end of period	$	158,209	$	127,512	$	132,320

We believe that we have provided for any reasonably foreseeable outcomes related to our tax audits and that any settlement will not have a material adverse effect on our consolidated financial statements. However, there can be no assurances as to the possible outcomes.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References + Details

STOCK-BASED COMPENSATION

12 Months Ended

Mar. 31, 2021

Share-based Payment Arrangement [Abstract]

STOCK-BASED COMPENSATION

Stock Incentive Plan

In September 2017, our stockholders approved our 2017 Stock Incentive Plan (the "2017 Plan"). The aggregate number of shares issuable under the 2017 Plan is 9,654, subject to adjustment as set forth in the 2017 Plan, and, as of March 31, 2021, there were approximately 4,305 shares available for issuance. The 2017 Plan is administered by the Compensation Committee of the Board of Directors and allows for awards of restricted stock units and other stock-based awards of our common stock to employees and non-employees, including to ZelnickMedia in connection with their contract to provide executive management service to us. Subject to the provisions of the plans, the Board of Directors, or any Committee appointed by the Board of Directors, has the authority to determine the individuals to whom the equity awards are to be granted, the number of shares to be covered by each equity award, the vesting period, restrictions, if any, on the equity award and the terms and conditions of the equity award. Upon the vesting of certain stock-based awards, employees have the option to have us withhold shares to satisfy the employee's federal and state tax withholding requirements.

Stock-Based Compensation Expense

The following table summarizes stock-based compensation expense included in our Consolidated Statements of Operations:


	Fiscal Year Ended March 31,
	2021		2020		2019
Cost of goods sold	$	8,707	$	154,031	$	149,075
Selling and marketing	18,348		18,680		23,685
General and administrative	56,830		53,607		51,903
Research and development	26,587		31,563		23,037

Stock-based compensation expense before income taxes	$	110,472	$	257,881	$	247,700
Income tax benefit	$	(21,746)	$	(48,687)	$	(48,383)
Stock-based compensation expense, net of income tax benefit	$	88,726	$	209,194	$	199,317
Capitalized stock-based compensation expense	$	30,124	$	24,451	$	75,725

During the fiscal year ended March 31, 2021, the forfeiture of awards resulted in the reversal of expense of $69,758 and amounts capitalized as software development costs of $10,837. During the fiscal year ended March 31, 2020, the forfeiture of awards resulted in the reversal of expense of $425 and amounts capitalized as software development costs of $2,607. During the fiscal year ended March 31, 2019, the forfeiture of awards resulted in the reversal of expense of $5,784 and amounts capitalized as software development costs of $17,504.

As of March 31, 2021, the total future unrecognized compensation cost related to outstanding unvested restricted stock was $410,665 and will be either recognized as compensation expense over a weighted-average period of approximately 2.07 years or capitalized as software development costs.

For the fiscal years ended March 31, 2021, 2020 and 2019, the total fair values of restricted stock units that vested were $205,867, $219,007 and $264,162, respectively.

Restricted Stock Units

Employee Awards

Time-based restricted stock units granted to employees under our stock-based compensation plans generally vest either annually or quarterly over three years from the date of grant. Certain restricted stock units granted to key officers, senior-level employees, or key employees vest based on market conditions, primarily related to the performance of the price of our common stock. Certain restricted stock units granted to key officers, senior-level employees, or key employees vest based on performance conditions, primarily related to performance metrics around certain of our titles.

ZelnickMedia Non-Employee Awards

In connection with the 2017 Management Agreement, we granted restricted stock units to ZelnickMedia (see Note 3 - Management Agreement) as follows:


	Fiscal Year Ended March 31,
	2021	2020
Time-based	79	92
Market-based(1)	145	168
Performance-based(1)
IP	24	28
Recurrent Consumer Spending ("RCS")	24	28
Total Performance-based	48	56
Total Restricted Stock Units	272	316

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

Time-based restricted stock units granted in fiscal year 2021 will vest on April 13, 2022, provided that the 2017 Management Agreement has not been terminated prior to such vesting date, and those granted in fiscal 2020 vested on April 13, 2021.

Market-based restricted stock units granted in fiscal year 2021 are eligible to vest on April 13, 2022, provided that the 2017 Management Agreement has not been terminated prior to such vesting date, and those granted in fiscal 2020 vested on April 13, 2021. Market-based restricted stock units are eligible to vest based on our 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 least at the 75th percentile.

Performance-based restricted stock units granted in fiscal year 2021 are eligible to vest on April 13, 2022, provided that the 2017 Management Agreement has not been terminated prior to such vesting date, and those granted in fiscal 2020 vested on April 13, 2021. Performance-based restricted stock units, of which 50% are tied to "IP" and 50% to "RCS" (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 either individual product releases of "IP" or "RCS" 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). At the end of each reporting period, we assess the probability of each performance metric and upon determination that certain thresholds are probable, we record expense for the unvested portion of the shares of performance-based restricted stock units. Certain performance metrics have been achieved as of March 31, 2021 for the "IP" and "RCS" performance-based restricted stock units granted in fiscal year 2020 and fiscal year 2021.

The unvested portion of time-based, market-based and performance-based restricted stock units held by ZelnickMedia as of March 31, 2021 and 2020 were 588 and 613, respectively. During the fiscal year ended March 31, 2021, 296 restricted stock units previously granted to ZelnickMedia vested and 0 restricted stock units were forfeited by ZelnickMedia.

Fair Value of Stock-Based Awards

Time-Based Awards

The estimated value, based on the closing price of our stock on the grant date, of time-based restricted stock units granted to employees during the fiscal years ended March 31, 2021, 2020 and 2019 was $171.58, $115.01 and $103.79 per share, respectively.

For the fiscal years ended March 31, 2021, 2020 and 2019, the estimated value, based on the closing price of our stock on the grant date, of time-based restricted stock awards granted to ZelnickMedia was $120.00, $92.65 and $97.19 per share, respectively.

The following table summarizes the activity in non-vested restricted stock units to employees and ZelnickMedia under our stock-based compensation plans with time-based restricted stock awards presented at 100% of target number of shares that may potentially vest:


	Shares (in thousands)	Weighted Average Fair Value on Grant Date
Non-vested restricted stock units at March 31, 2020	1,960	$	99.54
Granted	1,191	$	167.52
Vested	(925)	$	106.41
Forfeited	(162)	$	167.03
Non-vested restricted stock units at March 31, 2021	2,064	$	139.94

Market-Based Awards

The following table summarizes the weighted-average assumptions used in the Monte Carlo Simulation to estimate the fair value of market-based awards:


	Fiscal Year Ended March 31,
	2021				2020				2019
	Employee Market-Based		Non-Employee Market-Based		Employee Market-Based		Non-Employee Market-Based		Employee Market-Based		Non-Employee Market-Based
Risk-free interest rate	0.2	%	0.2	%	1.8	%	2.4	%	2.6	%	2.4	%
Expected stock price volatility	40.7	%	40.8	%	39.4	%	39.9	%	34.9	%	31.4	%
Expected service period (years)	1.5		1.0		1.5		1.0		1.5		1.0
Dividends	None		None		None		None		None		None

The estimated value of market-based restricted stock awards granted to employees during the fiscal years ended March 31, 2021, 2020, and 2019 was $279.09, $201.07, and $150.91 per share, respectively. For the fiscal years ended March 31, 2021, 2020, and 2019, the estimated value of the market-based restricted stock awards granted to ZelnickMedia was $200.34, $132.50, and $119.21 per share, respectively.

The following table summarizes the activity in non-vested restricted stock units to employees and ZelnickMedia under our stock-based compensation plans with market-based restricted stock awards presented at 100% of target number of shares that may potentially vest:


	Shares (in thousands)	Weighted Average Fair Value on Grant Date
Non-vested restricted stock units at March 31, 2020	358	$	157.05
Granted	367	$	185.05
Vested	(395)	$	144.65
Forfeited	(7)	$	228.34
Non-vested restricted stock units at March 31, 2021	323	$	187.21

Performance-Based Awards

The estimated value of performance-based restricted stock awards granted to employees during the fiscal year ended March 31, 2021, 2020, and 2019 was $176.42, $124.50, and $100.29, respectively. For the fiscal years ended March 31, 2021, 2020, and 2019, the estimated value of the performance-based restricted stock awards granted to ZelnickMedia was $120.00, $92.65, and $97.19 per share, respectively.

The following table summarizes the activity in non-vested restricted stock units to employees and ZelnickMedia under our stock-based compensation plans with performance restricted stock awards presented at 100% of target number of shares that may potentially vest:


	Shares (in thousands)	Weighted Average Fair Value on Grant Date
Non-vested restricted stock units at March 31, 2020	3,239	$	119.97
Granted	1,768	$	174.47
Vested	(80)	$	100.36
Forfeited	(1,328)	$	176.61
Non-vested restricted stock units at March 31, 2021	3,599	$	150.06

Employee Stock Purchase Plans

In September 2017, our stockholders approved our 2017 Global Employee Stock Purchase Plan as amended and restated ("ESPP"). The maximum aggregate number of shares of common stock that may be issued under the plan is 9,000, and as of March 31, 2021, there were approximately 8,677 shares available for issuance. The ESPP is administered by the Compensation Committee of the Board of Directors and allows for eligible employees an option to purchase shares of our common stock, which the employee may or may not exercise during an offering period. Eligible employees may authorize payroll deductions of between 1% and 10% of their compensation to purchase shares of common stock at 85% of the lower of

the market price of our common stock on the date of commencement of the applicable offering period or on the last day of each six-month purchase period.

The fair value is determined using the Black-Scholes valuation model. Key assumptions of the Black-Scholes valuation model are the risk-free interest rate, expected volatility, expected term and expected dividends. The risk-free interest rate is based on U.S. Treasury yields in effect at the time of grant for the expected term of the option. Expected volatility is based on a combination of historical stock price volatility and implied volatility of publicly-traded options on our common stock. Expected term is determined based on historical exercise behavior, post-vesting termination patterns, options outstanding and future expected exercise behavior. The following table summarizes the assumptions used in the Black-Scholes valuation model to value our purchase rights:


	Fiscal Year Ended March 31,	Fiscal Year Ended March 31,
	2021	2020
Risk-free interest rate	0.1%	1.6% - 2.4%
Expected stock price volatility	33.8% - 46.8%	28.1% - 45.6%
Expected service period (years)	0.5	0.5
Dividends	None	None

For the fiscal year ended March 31, 2021, our employees purchased 139 shares for $14,214 with a weighted-average fair value of $101.81. For the fiscal year ended March 31, 2020, our employees purchased 126 shares for $10,515 with a weighted-average fair value of $83.25.

SHARE REPURCHASE PROGRAM	12 Months Ended
SHARE REPURCHASE PROGRAM	Mar. 31, 2021
Equity [Abstract]
SHARE REPURCHASE PROGRAM	SHARE REPURCHASE PROGRAM Our Board of Directors has authorized the repurchase of up to 14,218 shares of our common stock. Under this program, we may purchase shares from time to time through a variety of methods, including in the open market or through privately negotiated transactions, in accordance with applicable securities laws. Repurchases are subject to the availability of stock, prevailing market conditions, the trading price of the stock, our financial performance and other conditions. The program does not require us to repurchase shares and may be suspended or discontinued at any time for any reason. During the fiscal years ended March 31, 2021, 2020, and 2019 we repurchased 0, 0, and 3,716 shares of our common stock in the open market, respectively, for $0, $0, and $362,429, respectively, including commissions of $0, $0 and $37, respectively, as part of the program. As of March 31, 2021, we had repurchased a total of 10,400 shares of our common stock under the program, and 3,818 shares of our common stock remained available for repurchase under the share repurchase program. All of the repurchased shares are classified as Treasury stock in our Consolidated Balance Sheets.

INTEREST AND OTHER, NET

12 Months Ended

Mar. 31, 2021

Other Income and Expenses [Abstract]

INTEREST AND OTHER, NET


	Fiscal Year Ended March 31,
	2021		2020		2019
Interest income	$	18,701	$	47,341	$	38,019
Interest expense	(6,207)		(2,637)		(8,032)
Foreign currency exchange gain (loss)	727		(3,589)		(505)
Other	(4,425)		(2,610)		(3,369)
Interest and other, net	$	8,796	$	38,505	$	26,113

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

12 Months Ended

Mar. 31, 2021

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

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


	Foreign currency translation adjustments		Unrealized gain (loss) on derivative instruments		Unrealized gain (loss) on cross-currency swap		Unrealized gain (loss) on available- for-sales securities		Total
Balance at March 31, 2019	$	(33,090)	$	600	$	(5,285)	$	586	$	(37,189)
Other comprehensive (loss) income before reclassifications	(27,445)		—		10,504		(3,332)		(20,273)
Amounts reclassified from accumulated other comprehensive (loss) income	—		—		(1,689)		—		(1,689)
Tax effect on cross-currency swap	—		—		775		—		775
Balance at March 31, 2020	$	(60,535)	$	600	$	4,305	$	(2,746)	$	(58,376)
Other comprehensive income (loss) before reclassifications	51,253		—		(3,817)		3,364		50,800
Amounts reclassified from accumulated other comprehensive (loss) income	—		(600)		(1,333)		—		(1,933)
Tax effect on cross-currency swap	—		—		845		—		845
Balance at March 31, 2021	$	(9,282)	$	—	$	—	$	618	$	(8,664)

SUPPLEMENTARY FINANCIAL INFORMATION

12 Months Ended

Mar. 31, 2021

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

SUPPLEMENTARY FINANCIAL INFORMATION

The following table provides details of our valuation and qualifying accounts:


	Beginning Balance		Additions	Deductions	Other	Ending Balance
Fiscal Year Ended March 31, 2021
Valuation allowance for deferred income taxes	$	86,937	11,525	(2,701)	—	$	95,761
Allowance for doubtful accounts	443		—	—	(93)	350
Fiscal Year Ended March 31, 2020
Valuation allowance for deferred income taxes	$	49,413	44,703	(7,179)	—	$	86,937
Allowance for doubtful accounts	995		—	(547)	(5)	443
Fiscal Year Ended March 31, 2019
Valuation allowance for deferred income taxes(1)	$	195,640	11,850	(107,133)	(50,944)	$	49,413
Allowance for doubtful accounts	1,247		651	—	(903)	995

(1) Amount categorized as Other represents a reduction to the valuation allowance included in the cumulative effect of initially applying the New Revenue Accounting Standard as an adjustment to the opening balance of Retained earnings, due to revenues that were previously deferred being accelerated to Retained earnings, for which a timing difference exists for accounting and tax purposes.

ACQUISITIONS

12 Months Ended

Mar. 31, 2021

Business Combinations [Abstract]

ACQUISITIONS

ACQUISITIONS On September 4, 2020, we completed the acquisition of privately-held Playdots, Inc. ("Playdots"), a New York, New York based free-to-play mobile game developer, for consideration of $97,846 in cash and 604 shares of our common stock. The cash portion was funded from our cash on hand. Of the cash consideration, $13,440 was contractually deferred and accrued for within Accrued expenses and other current liabilities within our Consolidated Balance Sheet at acquisition. During the fiscal year ended March 31, 2021, we paid out $3,840 of this amount. As of March 31, 2021, $9,600 remained accrued within Accrued expenses and other current liabilities within our Consolidated Balance Sheet at acquisition.

We acquired Playdots as part of our ongoing strategy to expand selectively our portfolio of owned intellectual property and to diversify and strengthen further our mobile offerings.

The acquisition-date fair value of the consideration totaled $195,493, which consisted of the following:


	Fair value of purchase consideration
Cash	$	97,846
Common stock (604 shares)	97,647
Total	$	195,493

We used the acquisition method of accounting and recognized assets at their fair value as of the date of acquisition, with the excess recorded to goodwill. The preliminary fair values of net tangible and intangible assets are management’s estimates based on the information available at the acquisition date and may change over the measurement period, which will end no later than one year from the acquisition date, to the extent additional information is received. The following table summarizes the preliminary acquisition date fair value of net tangible and intangible assets acquired, net of liabilities assumed from Playdots:


	Fair Value		Weighted average useful life
Cash acquired	$	12,098	N/A
Other tangible net assets	8,206		N/A
Other liabilities assumed	(24,680)		N/A
Intangible Assets
Developed game technology	69,000		6
User base	6,200		1
Branding and trade names	3,400		8
Game engine technology	2,200		4
Goodwill	119,069		N/A
Total	$	195,493

Goodwill, which is not deductible for U.S. income tax purposes, is primarily attributable to the assembled workforce of the acquired business and expected synergies at the time of the acquisition.

The amounts of revenue and earnings of Playdots included in our Consolidated Statement of Operations from the acquisition date to the period ending March 31, 2021 are as follows:


	Fiscal Year Ended March 31, 2021
Net revenue	$	20,640
Net income (loss)	$	(27,407)

The following table summarizes the pro forma consolidated results of operations (unaudited) for the fiscal years ended March 31, 2021 and 2020, respectively, as though the acquisition had occurred on April 1, 2019, the beginning of Fiscal 2020, and Playdots had been included in our consolidated results for the entire periods subsequent to that date.


	Fiscal Year Ended March 31,
	2021		2020
Pro forma Net revenue	$	3,392,117	$	3,112,757
Pro forma Net income	$	580,393	$	370,225

The unaudited pro forma consolidated results above are based on the historical financial statements of the Company and Playdots and not necessarily indicative of the results of operations that would have been achieved if the acquisition was completed at the beginning of Fiscal 2020 and are not indicative of the future operating results of the combined company. The financial information for Playdots prior to the acquisition has been included in the pro forma results of operations and includes certain adjustments to the historical consolidated financial statements of Playdots to align with our accounting policies. The pro forma consolidated results of operations also include the business combination accounting effects resulting from the acquisition, including amortization expense related to finite-lived intangible assets acquired and the related tax effects assuming that the business combination occurred on April 1, 2019.

Transaction costs of $2,553 for the fiscal years ended March 31, 2021, which have been recorded within General and administrative expense in our Consolidated Statements of Operations, have been excluded from the above pro-forma consolidated results of operations due to their non-recurring nature.

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The Consolidated Financial Statements include the financial statements of the Company and its wholly-owned subsidiaries. All inter-company balances and transactions have been eliminated in consolidation.
Reclassifications	Reclassifications Certain immaterial amounts in the financial statements of the prior years have been reclassified to conform to the current year presentation for comparative purposes.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles ("U.S. GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, net revenue, and expense, as well as the disclosure of contingent assets and liabilities at the dates of the financial statements during the reporting periods. Our most significant estimates relate to revenue recognition (see Note 2 - Revenue from Contracts with Customers); the recoverability and amortization of software development costs, licenses, and intangible assets; assets acquired and liabilities assumed in business combinations; the realization of deferred income taxes; the valuation of stock-based compensation; and assumptions used in our goodwill impairment tests. These estimates generally involve complex issues and require us to make judgments, involve analysis of historical and the prediction of future trends, and are subject to change from period to period. Actual amounts could differ significantly from these estimates, including as a result of the COVID-19 pandemic, which may affect economic conditions in a number of different ways and result in uncertainty and risk. We consider transactions or events that occur after the balance sheet date, but before the financial statements are issued, to provide additional evidence relative to certain estimates or to identify matters that require additional disclosures.
Segments	Segments We have one operating and reportable segment. Our operations involve similar products and customers worldwide. Revenue earned is primarily derived from the sale of software titles, which are internally developed and developed by third parties. Our Chief Executive Officer, who is our Chief Operating Decision Maker ("CODM"), manages our operations on a consolidated basis--supplemented by sales information by product category, major product title, and platform--for the purpose of evaluating performance and allocating resources.
Concentration of Credit Risk and Accounts Receivable	Concentration of Credit Risk and Accounts Receivable We maintain cash balances at several major financial institutions. While we attempt to limit credit exposure with any single institution, balances often exceed insurable amounts. Accounts receivable are recorded at the original invoiced amount less an allowance for credit losses. In evaluating our ability to collect outstanding receivable balances and related allowance for credit losses, we consider many factors, including the age of the balance, the customer’s payment history and current creditworthiness, as well as current and forecasted economic conditions that may affect our customers’ ability to pay. Bad debts are written off after all collection efforts have been exhausted. We do not require collateral from our customers. If the financial condition and operations of our customers deteriorate, our risk of collection could increase substantially. A majority of our trade receivables are derived from sales to major retailers, including digital storefronts and platform partners, and distributors.
Cash and Cash Equivalents	Cash and Cash Equivalents We consider all highly liquid instruments purchased with original maturities of three months or less to be cash equivalents. Our restricted cash and cash equivalents balances are primarily related to a dedicated account limited to the payment of certain internal royalty obligations. Balances that are restricted from use for more than one year are classified as non-current.
Short-term Investments	Short-term Investments Short-term investments designated as available-for-sale securities are carried at fair value, which is based on quoted market prices for such securities, if available, or is estimated on the basis of quoted market prices of financial instruments with similar characteristics. Investments with original maturities greater than 90 days and remaining maturities of less than one year are normally classified within Short-term investments on our Consolidated Balance Sheets. In addition, investments with maturities beyond one year at the time of purchase that are highly liquid in nature and represent the investment of cash that is available for current operations are classified as short-term investments. Unrealized gains and losses of available-for-sale securities are excluded from earnings and are reported as a component of Other comprehensive income (loss), net of tax, until the security is sold, the security has matured, or we determine that the fair value of the security has declined below its adjusted cost basis and the decline is not due to a credit loss. Realized gains and losses on short-term investments are calculated based on the specific identification method and would be reclassified from accumulated other comprehensive loss to Interest and other, net. Short-term investments are evaluated for impairment quarterly. We consider various factors in determining whether we should recognize an impairment charge, 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. If we conclude that an investment is impaired or a portion of the unrealized loss is a result of a credit loss, we recognize the charge at that time in our Consolidated Statements of Operations. Determining whether the decline in fair value is due to a credit loss requires management judgment based on the specific facts and circumstances of each security. The ultimate value realized on these securities is subject to market price volatility until they are sold.
Inventory	Inventory Inventory consists of materials, including manufacturing royalties paid to console manufacturers, and is stated at the lower of weighted average cost or net realizable value. Estimated product returns are included in the inventory balance at their cost. We regularly review inventory quantities on-hand and in the retail channels and record an inventory provision for excess or obsolete inventory based on the future expected demand for our products. Significant changes in demand for our products would affect management's estimates in establishing our inventory provision. We write down inventory based on excess or obsolete inventories determined primarily by anticipated future demand for our products. Inventory write-downs are measured as the difference between the cost of the inventory and market value, based upon assumptions about future demand that are inherently difficult to assess.
Software Development Costs and Licenses	Software Development Costs and Licenses Capitalized software development costs include direct costs incurred for internally developed titles and payments made to third-party software developers under development agreements. We capitalize internal software development costs (including specifically identifiable payroll expense, employee stock-based compensation, and incentive compensation costs related to the completion and release of titles, as well as third-party production and other content costs), subsequent to establishing technological feasibility of a software title. Technological feasibility of a product includes the completion of both technical design documentation and game design documentation. Significant management judgments are made in the assessment of when technological feasibility is established. For products where proven technology exists, this may occur early in the development cycle. Technological feasibility is evaluated on a product-by-product basis. Prior to establishing technological feasibility of a product, we record any costs incurred by third-party developers as research and development expenses. We enter into agreements with third-party developers that require us to make payments for game development and production services. In exchange for our payments, we receive the exclusive publishing and distribution rights to the finished game title as well as, in some cases, the underlying intellectual property rights. Such agreements typically allow us to fully recover these payments to the developers at an agreed upon royalty rate earned on the subsequent sales of such software, net of any agreed upon costs. Subsequent to establishing technological feasibility of a product, we capitalize all development and production service payments to third-party developers as software development costs and licenses. We typically enter into agreements with third-party developers after completing the technical design documentation for our products and therefore record the design costs leading up to a signed development contract as research and development expense. When we contract with third-party developers, we generally select those that have proven technology and experience in the genre of the software being developed, which often allows for the establishment of technological feasibility early in the development cycle. In instances where the documentation of the design and technology are not in place prior to an executed contract, we monitor the software development process and require our third-party developers to adhere to the same technological feasibility standards that apply to our internally developed products. Licenses consist of payments and guarantees made to holders of intellectual property rights for use of their trademarks, copyrights or other intellectual property rights in the development of our products. Agreements with license holders generally provide for guaranteed minimum payments for use of their intellectual property. Certain licenses, especially those related to our sports products, extend over multi-year periods and encompass multiple game titles. In addition to guaranteed minimum payments, these licenses frequently contain provisions that could require us to pay royalties to the license holder based on pre-agreed unit sales thresholds. Amortization of capitalized software development costs and licenses commences when a product is available for general release and is recorded on a title-by-title basis in cost of goods sold. For capitalized software development costs, annual amortization is calculated using (1) the proportion of current year revenue to the total revenue expected to be recorded over the life of the title or (2) the straight-line method over the remaining estimated life of the title, whichever is greater. For capitalized licenses, amortization is calculated as a ratio of (1) current year revenue to the total revenue expected to be recorded over the remaining estimated life of the title or (2) the contractual royalty rate based on actual net product sales as defined in the licensing agreement, whichever is greater. Amortization periods for our software products generally range from twelve to 30 months. We evaluate the future recoverability of capitalized software development costs and licenses on a quarterly basis. Recoverability is primarily assessed based on the title's actual performance. For products that are scheduled to be released in the future, recoverability is evaluated based on the expected performance of the specific products to which the cost or license relates. We use a number of criteria in evaluating expected product performance, including historical performance of comparable products developed with comparable technology, market performance of comparable titles, orders for the product prior to its release, general market conditions, and past performance of the franchise. When we determine that capitalized cost of the title is unlikely to be recovered by product sales, an impairment of software development and license costs capitalized is charged to cost of goods sold in the period in which such determination is made. We have profit and unit sales based internal royalty programs that allow selected employees to participate in the success of software titles that they assist in developing. Royalties earned under these programs are recorded as a component of Cost of goods sold in the period earned. Amounts earned and not yet paid are reflected within the software development royalties component of Accrued expenses and other current liabilities on our Consolidated Balance Sheets.
Fixed Assets, net	Fixed Assets, net Office equipment, furniture and fixtures are depreciated using the straight-line method over their estimated useful life of five years. Computer equipment and software are generally depreciated using the straight-line method over three to five years. Leasehold improvements are amortized over the lesser of the term of the related lease or the useful life of the underlying asset, typically seven years. The cost of additions and improvements are capitalized, and repairs and maintenance costs are charged to operations, in the periods incurred. When depreciable assets are retired or sold, the cost and related allowances for depreciation are removed from the accounts and the gain or loss, if any, is recognized. The carrying amounts of these assets are recorded at historical cost.
Leases	Leases In February 2016, the Financial Accounting Standards Board (“FASB”) issued new guidance related to the accounting for leases codified under Topic 842, Leases, which we adopted on April 1, 2019. We determine if an arrangement is a lease at contract inception. If there is an identified asset in the contract (either explicitly or implicitly) and we have control over its use, the contract is (or contains) a lease. In certain of our lease arrangements, primarily those related to our data center arrangements, judgment is required in determining if a contract contains a lease. For these arrangements, there is judgment in evaluating if the arrangement provides us with an asset that is physically distinct, or that represents substantially all of the capacity of the asset, and if we have the right to direct the use of the asset. Lease assets and liabilities are recognized based on the present value of future lease payments over the lease term at the commencement date. Included in the lease liability are future lease payments that are fixed, in-substance fixed, or payments based on an index or rate known at the commencement date of the lease. Variable lease payments are recognized as lease expenses as incurred. The operating lease right-of-use (“ROU”) asset also includes any lease payments made prior to commencement, initial direct costs incurred, and lease incentives received. As most of our leases do not provide an implicit rate, we generally use our incremental borrowing rate in determining the present value of future lease payments. The incremental borrowing rate represents the rate required to borrow funds over a similar term to purchase the leased asset and is based on an unsecured borrowing rate and risk-adjusted to approximate a collateralized rate at the commencement date of the lease. In determining our lease liability, the lease term includes options to extend or terminate the lease when it is reasonably certain that we will exercise such option. For operating leases, the lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. Lease modifications result in remeasurement of the lease liability. Leases with an initial term of twelve months or less are not recorded on the balance sheet, and we recognize lease expense for these leases on a straight-line basis over the lease term. We do not separate non-lease components from the related lease components.
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill is the excess of purchase price paid over identified intangible and tangible net assets of acquired companies. Intangible assets consist of intellectual property, developed game technology, analytics technology, user base, trade names, and in-process research and development. Certain intangible assets acquired in a business combination are recognized as assets apart from goodwill. We use either the income, cost or market approach to aid in our conclusions of such fair values and asset lives. The income approach presumes that the value of an asset can be estimated by the net economic benefit to be received over the life of the asset, discounted to present value. The cost approach presumes that an investor would pay no more for an asset than its replacement or reproduction cost. The market approach estimates value based on what other participants in the market have paid for reasonably similar assets. Although each valuation approach is considered in valuing the assets acquired, the approach, or combination of approaches, ultimately selected is based on the characteristics of the asset and the availability of information. We test our goodwill for impairment annually, or more frequently if events and circumstances indicate the fair value of a reporting unit may be below its carrying amount. A reporting unit is defined as an operating segment or one level below an operating segment. We have determined that we operate in two reporting units, which are components of our operating segment. In the evaluation of goodwill for impairment, we have the option to first perform a qualitative assessment to determine if the fair value of a reporting unit is more likely than not (i.e., a likelihood of more than 50%) less than the carrying value before performing a quantitative impairment test. When a qualitative assessment is not used, or if the qualitative assessment is not conclusive, a quantitative impairment analysis for goodwill is performed at the reporting unit level. The quantitative goodwill impairment test is used to identify potential impairment by comparing the fair value of a reporting unit with its carrying amount, including goodwill. If the carrying value exceeds the fair value, an impairment charge is recognized equal to the difference between the carrying value of the reporting unit and its fair value, considering the related income tax effect of any goodwill deductible for tax purposes. In performing the quantitative assessment, we measure the fair value of the reporting unit using a combination of the income and market approaches. The assessment requires us to make judgments and involves the use of significant estimates and assumptions. These estimates and assumptions include long-term growth rates and operating margins used to calculate projected future cash flows, risk-adjusted discount rates based on our weighted average cost of capital, future economic and market conditions and the determination of appropriate, comparable market data. Our estimates for market growth are based on historical data, various internal estimates and observable external sources when available, and are based on assumptions that are consistent with the plans and estimates we use to manage the underlying business.
Long-lived Assets	Long-lived Assets We review all long-lived assets for impairment whenever events or changes in circumstances indicate that the related carrying amount of an asset or asset group may not be recoverable. We compare the carrying amount of the asset to the estimated undiscounted future cash flows expected to result from the use of the asset. If the carrying amount of the asset exceeds estimated expected undiscounted future cash flows, we record an impairment charge for the difference between the carrying amount of the asset and its fair value. The estimated fair value is generally measured by discounting expected future cash flows using our incremental borrowing rate or discount rate, if available.
Derivatives and Hedging	Derivatives and Hedging We transact business in various foreign currencies and have significant sales and purchase transactions denominated in foreign currencies, subjecting us to foreign currency exchange rate risk. From time to time, we carry out transactions involving foreign currency exchange derivative financial instruments. The transactions are designed to hedge our exposure in currency exchange rate movements. We recognize derivative instruments as either assets or liabilities on our Consolidated Balance Sheets and we measure those instruments at fair value. The changes in fair value of derivatives that are not designated as hedges are recognized currently in earnings as Interest and other, net in our Consolidated Statements of Operations. If a derivative meets the definition of a cash flow hedge and is so designated, the effective portion of changes in the fair value of the derivative are recognized, as a component of Other comprehensive income (loss) while the ineffective portion of the changes in fair value is recorded currently in earnings as Interest and other, net in our Consolidated Statements of Operations. Amounts included in Accumulated other comprehensive income (loss) for cash flow hedges are reclassified into earnings in the same period that the hedged item is recognized in Cost of goods sold, Research and development expenses, or Interest and other, net, as appropriate.
Income Taxes	Income Taxes We record a tax provision for the anticipated tax consequences of the reported results of operations. Our provision for income taxes is computed using the asset and liability method, under which deferred income taxes are recognized for differences between the financial statement and tax bases of assets and liabilities at currently enacted statutory tax rates for the years in which the differences are expected to reverse. The effect on deferred taxes of a change in tax rates is recognized in income in the period that includes the enactment. Valuation allowances are established when we determine that it is more likely than not that such deferred tax assets will not be realized. We do not record income tax expense related to foreign withholding taxes or United States income taxes that may become payable upon the repatriation of undistributed earnings of foreign subsidiaries, as such earnings are expected to be reinvested indefinitely outside of the United States. We use estimates and assumptions to compute the provision for income taxes including allocations of certain transactions to different tax jurisdictions, amounts of permanent and temporary differences, the likelihood of deferred tax assets being recovered and the outcome of contingent tax risks. These estimates and assumptions are revised as new events occur, more experience is acquired and additional information is obtained. The effect of these revisions is recorded in income tax expense or benefit in the period in which they become known.
Revenue Recognition	Revenue Recognition We derive revenue primarily from the sale of our interactive entertainment content, principally for console gaming systems and personal computers, including smartphones and tablets. Our interactive entertainment content consists of full game software products that may contain offline gameplay, online gameplay, or a combination of offline and online gameplay. We may also sell separate downloadable add-on content to supplement our full game software products. Certain of our software products provide customers with the option to acquire virtual currency or make in-game purchases. We determine revenue recognition by: •identifying the contract, or contracts, with the customer; •identifying the performance obligations in the contract; •determining the transaction price; •allocating the transaction price to performance obligations in the contract; and •recognizing revenue when, or as, we satisfy performance obligations by transferring the promised goods or services. We recognize revenue in the amount that reflects the consideration we expect to receive in exchange for the sales of software products and game related services when control of the promised products and services is transferred to our customers and our performance obligations under the contract have been satisfied. Revenue is recorded net of transaction taxes assessed by governmental authorities such as sales, value-added and other similar taxes. Our software products are sold as full games, which typically provide access to the main game content, primarily for console and PC. Generally, our full game software products deliver a license of our intellectual property that provides a functional offline gaming experience (i.e., one that does not require an Internet connection to access the main game content or other significant game related services). We recognize revenue related to the license of our intellectual property that provides offline functionality at the time control of the products has been transferred to our customers (i.e. upon delivery of the software product). In addition, some of our full game software products that provide a functional offline gaming experience may also include significant game related services delivered over time, such as online functionality that is dependent upon online support services and/or additional free content updates. For full game sales that offer offline functionality and significant game related services we evaluate whether the license of our intellectual property and the game related services are distinct and separable. This evaluation is performed for each software product sold. If we determine that our software products contain a license of intellectual property separate from the game related services (i.e. multiple performance obligations), we estimate a standalone selling price for each identified performance obligation. We allocate the transaction price to each performance obligation using a relative standalone selling price method (the transaction price is allocated to a performance obligation based on the proportion of the standalone selling price of each performance obligation to the sum of the standalone selling prices for all performance obligations in the contract). For the portion of the transaction price allocable to the license, revenue is recognized when the customer takes control of the product. For the portion of the transaction price allocated to game related services, revenue is recognized ratably over an estimated service period for the related software product. We also defer related product costs and recognize the costs as the revenues are recognized. Certain of our full game software products are delivered primarily as an online gaming experience with substantially all gameplay requiring online access to our game related services. We recognize revenue for full game software products that are dependent on our game related services over an estimated service period. For our full game online software products, we also defer related product costs and recognize the costs as the revenue is recognized. In addition to sales of our full game software products, certain of our software products provide customers with the option to acquire virtual currency or make in-game purchases. Revenue from the sale of virtual currency and in-game purchases is deferred and recognized ratably over an estimated service period. We also sell separate downloadable add-on content to supplement our full game software products. Revenue from the sale of separate downloadable add-on content is evaluated for revenue recognition on the same basis as our full game software products. Certain software products are sold to customers with a “street date” (the earliest date these products may be sold by these retailers). For the transaction price related to the license for these products that also provide a functional offline gaming experience, we recognize revenue on the later of the street date or the sale date as this is generally when we have transferred control of this performance obligation. For the sale of physical software products, recognition of revenue allocated to game related services does not begin until the product is sold-through by our customer to the end user. We currently estimate sell-through to the end user for all our titles to be approximately two months after we have sold-in the software products to retailers. Determining the estimated sell-through period requires management judgment and estimates. In addition, some of our software products are sold as digital downloads. Revenue from digital downloads generally commences when the download is made available to the end user by a third-party digital storefront. Our payment terms and conditions vary by customer and typically provide net 30- to 60-day terms. In instances where the timing of revenue recognition differs from the timing of invoicing, we do not adjust the promised amount of consideration for the effects of a significant financing component when we expect, at contract inception, that the period between our transfer of a promised product or service to our customer and payment for that product or service will be one year or less. In certain countries, we use third-party licensees to distribute and host our games in accordance with license agreements, for which the licensees typically pay us a fixed minimum guarantee and sales-based royalties. These arrangements typically include multiple performance obligations, such as an upfront license of intellectual property and rights to future updates. Based on the allocated transaction price, we recognize revenue associated with the minimum guarantee when we transfer control of the upfront license of intellectual property (generally upon commercial launch) and the remaining portion ratably over the contractual term in which we provide the licensee with future update rights. Royalty payments in excess of the minimum guarantee are generally recognized when the licensed product is sold by the licensee. Contract Balances We generally record a receivable related to revenue when we have an unconditional right to invoice and receive payment, and we record deferred revenue when cash payments are received or due in advance of satisfying our performance obligations, even if amounts are refundable. Contract assets generally consist of arrangements for which we have recognized revenue to the extent it is probable that significant reversal will not occur but do not have a right to invoice as of the reporting date. Contract assets are recorded within Prepaid expenses and other on our Consolidated Balance Sheet. Our allowances for doubtful accounts are typically immaterial and, if required, are based on our best estimate of expected credit losses inherent in our accounts receivable balance. Deferred revenue is comprised primarily of unsatisfied revenue related to the portion of the transaction price allocable to game related services of our full game software products and sales of virtual currency. These sales are typically invoiced at the beginning of the contract period, and revenue is recognized ratably over the estimated service period. Deferred revenue may also include amounts related to software products with future street dates. Refer to Note 2 - Revenue from Contracts with Customers for further information, including changes in deferred revenue during the period. Principal Agent Considerations We offer certain software products via third-party digital storefronts, such as Microsoft’s Xbox Live, Sony’s PlayStation Network, Valve's Steam, Epic Games Store, Apple's App Store, and the Google Play Store. For sales of our software products via third-party digital storefronts, we determine whether or not we are acting as the principal in the sale to the end user, which we consider in determining if revenue should be reported based on the gross transaction price to the end user or based on the transaction price net of fees retained by the third-party digital storefront. An entity is the principal if it controls a good or service before it is transferred to the customer. Key indicators that we use in evaluating these sales transactions include, but are not limited to, the following: •the underlying contract terms and conditions between the various parties to the transaction; •which party is primarily responsible for fulfilling the promise to provide the specified good or service; and •which party has discretion in establishing the price for the specified good or service. Based on our evaluation of the above indicators, for sales arrangements via Microsoft’s Xbox Live, Sony’s PlayStation Network, Valve's Steam, and Epic Games Store we have determined we are not the principal in the sales transaction to the end user and therefore we report revenue based on the consideration received from the digital storefront. For sales arrangements via Apple's App Store and the Google Play Store, we have determined that we are the principal to the end user and thus report revenue on a gross basis and mobile platform fees charged by these digital storefronts are expensed as incurred and reported within Cost of goods sold. Shipping and Handling Shipping and handling costs are incurred to move physical software products to customers. We recognize all shipping and handling costs as an expense in Cost of goods sold because we are responsible for delivery of the product to our customers prior to transfer of control to the customer. Estimated Service Period For certain performance obligations satisfied over time, we have determined that the estimated service period is the time period in which an average user plays our software products (“user life”) which most faithfully depicts the timing of satisfying our performance obligation. We consider a variety of data points when determining and subsequently reassessing the estimated service period for players of our software products. Primarily, we review the weighted average number of days between players’ first and last days played online. When a new game is launched and therefore no history of online player data is available, we consider other factors to determine the user life, such as the estimated service period of other games actively being sold with similar characteristics. We also consider known online trends, the service periods of our previously released software products, and, to the extent publicly available, the service periods of our competitors’ software products that are similar in nature to ours. We believe this provides a reasonable depiction of the transfer of our game related services to our customers, as it is the best representation of the period during which our customers play our software products. Determining the estimated service period is subjective and requires significant management judgment and estimates. Future usage patterns may differ from historical usage patterns, and therefore the estimated service period may change in the future. The estimated service periods for players of our current software products are generally between six and fifteen months depending on the software product. Revenue Arrangements with Multiple Performance Obligations Our contracts with customers often include promises to transfer multiple products and services. Determining whether products and services are considered distinct performance obligations that should be accounted for separately versus together requires significant judgment. For software products in which the software license has offline functionality and benefits from meaningful game related services, which may include online functionality that is dependent on our online support services and/or additional free content updates, we believe we have separate performance obligations for the license of the intellectual property and the game related services. Additionally, because each of our product offerings has unique features and because we do not sell our game related services separately, we typically do not have observable standalone selling prices for each performance obligation. Significant judgment and estimates are also required to determine the standalone selling price for each distinct performance obligation and whether a discount needs to be allocated based on the relative standalone selling price of our products and services. To estimate the standalone selling price for each performance obligation, we consider, to the extent available, a variety of data points such as past selling prices of the product or other similar products, competitor pricing, and market data. If observable pricing is not available, we use an expected cost-plus margin approach taking into account relevant costs including product development, post-release support, marketing and licensing costs. This evaluation is performed on a product by product basis. Price Protection, Allowances for Returns, and Sales Incentives We grant price protection and accept returns in connection with our distribution arrangements. Following reductions in the price of our physical software products, we grant price protection to permit customers to take credits against amounts they owe us with respect to merchandise unsold by them. Our customers must satisfy certain conditions to entitle them to receive price protection or return products, including compliance with applicable payment terms and confirmation of field inventory levels. At contract inception and at each subsequent reporting period, we make estimates of price protection and product returns related to current period software product revenue. We estimate the amount of price protection and returns for software products based upon, among other factors, historical experience and performance of the titles in similar genres, historical performance of the hardware platform, customer inventory levels, analysis of sell-through rates, sales force and retail customer feedback, industry pricing, market conditions, and changes in demand and acceptance of our products by consumers. We enter into various sales incentive arrangements with our customers, such as rebates, discounts, and cooperative marketing. These incentives are considered adjustments to the transaction price of our software products and are reflected as reductions to revenue. Sales incentives incurred by us for distinct goods or services received, such as the appearance of our products in a customer’s national circular ad, are included in Selling and marketing expense if there is a separate identifiable benefit and the benefit’s fair value can be established. Otherwise, such sales incentives are reflected as a reduction to revenue. Revenue is recognized after deducting the estimated price protection, allowances for returns, and sales incentives, which are accounted for as variable consideration. Price protection, allowances for returns, and sales incentives are considered refund liabilities and are reported within Accrued expenses and other current liabilities on our Consolidated Balance Sheet. Significant Estimates Significant management judgment and estimates must be used in connection with many of the determinations described above, such as estimating the fair value allocation to distinct and separable performance obligations, the service period over which to defer recognition of revenue, the time it takes our physical products to sell-through to end users, and the amounts of price protection. We believe we can make reliable estimates. However, actual results may differ from initial estimates due to changes in circumstances, market conditions, and assumptions. Adjustments to estimates are recorded in the period in which they become known.
Advertising	Advertising We expense marketing costs as incurred, except for production costs associated with media advertising, which are deferred and charged to expense when the related advertisement is run for the first time.
Stock-based Compensation	Stock-based Compensation We have stock-based compensation plans that are broad-based long-term retention programs intended to attract and retain talented employees and align stockholder and employee interests, which allows for awards of restricted stock, restricted stock units and other stock-based awards of our common stock to employees and non-employees. Our plans include time-based, market-based, and performance-based awards of our common stock to employees and non-employees. We account for stock-based awards under the fair value method of accounting. The fair value of all stock-based compensation is either capitalized and amortized in accordance with our software development cost accounting policy or recognized as expense on a straight-line basis over the full vesting period of the awards for time-based stock awards and on an accelerated attribution method for market-based and performance-based stock awards. We estimate the fair value of time-based awards using our closing stock price on the date of grant. We estimate the fair value of market-based awards using a Monte Carlo Simulation method, which takes into account assumptions such as the expected volatility of our common stock, the risk-free interest rate based on the contractual term of the award, expected dividend yield, vesting schedule and the probability that the market conditions of the awards will be achieved. For performance-based shares, we do not record expense until the performance criteria are considered probable. Stock-based compensation expense is recorded net of forfeitures as they occur.
Earnings (loss) per Share (EPS)	Earnings (loss) per Share ("EPS") Basic EPS is computed by dividing the net income (loss) applicable to common stockholders for the period by the weighted average number of shares of common stock outstanding during the same period. Diluted EPS is computed by dividing the net income (loss) applicable to common stockholders for the period by the weighted average number of shares of common stock and common stock equivalents outstanding. Common stock equivalents are measured using the treasury stock method and represent unvested stock-based awards.
Foreign Currency	Foreign Currency The functional currency for our foreign operations is primarily the applicable local currency. Accounts of foreign operations are translated into U.S. dollars using exchange rates for assets and liabilities at the balance sheet date and average prevailing exchange rates for the period for revenue and expense accounts. Adjustments resulting from translation are included in accumulated other comprehensive income (loss). Realized and unrealized transaction gains and losses are included in our Consolidated Statements of Operations in the period in which they occur.
Comprehensive Income (Loss)	Comprehensive Income (Loss) Comprehensive income (loss) is defined to include all changes in equity except those resulting from investments by owners and distributions to owners. Accumulated other comprehensive income (loss) includes foreign currency translation adjustments, which relate to investments that are permanent in nature and therefore do not require tax adjustments, and the amounts for unrealized gains (losses), net on derivative instruments designated as cash flow hedges, as well as any associated tax impact, and available for sale securities.
Recently Adopted Accounting Pronouncements and Recently Issued Accounting Pronouncements	Recently Adopted Accounting Pronouncements Accounting for Fair Value Measurement In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement, which modifies the disclosure requirements on fair value measurements by removing, modifying, or adding certain disclosures. We adopted this update effective April 1, 2020. The adoption of this standard did not have a material impact on our Consolidated Financial Statements. Accounting for Credit Losses In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses, which replaces the incurred loss impairment methodology in current U.S. GAAP with a methodology that requires the reflection of expected credit losses and also requires consideration of a broader range of reasonable and supportable information to determine credit loss estimates. It also eliminates the concept of other-than-temporary impairment and requires credit losses related to available-for-sale debt securities to be recorded through an allowance for credit losses rather than as a reduction in the amortized cost basis of the securities. For most financial instruments, the standard requires the use of a forward-looking expected loss model rather than the incurred loss model for recognizing credit losses, which generally results in the earlier recognition of credit losses on financial instruments. We adopted this update effective April 1, 2020 under a modified retrospective basis. No adjustment to retained earnings was recorded as a result of the adoption of this standard, which did not have an impact on our Consolidated Financial Statements. Recently Issued Accounting Pronouncements Accounting for Income Taxes In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, which enhances and simplifies various aspects of the income tax accounting guidance, including requirements such as tax basis step-up in goodwill obtained in a transaction that is not a business combination, ownership changes in investments, and interim-period accounting for enacted changes in tax law. ASU 2019-12 is effective for fiscal years, and interim periods within those fiscal years, beginning December 15, 2020 (April 1, 2021 for the Company), with early adoption permitted. We do not expect that the impact of the adoption will be material to our Consolidated Financial Statements.

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

12 Months Ended

Mar. 31, 2021

Revenue from Contract with Customer [Abstract]

Net revenue by product platform

Net revenue by service and other revenue and product was as follows:


	Fiscal Year Ended March 31,
	2021		2020		2019
Net revenue recognized:
Service and other	$	2,281,555	$	1,839,696	$	1,319,033
Product	1,091,217		1,249,274		1,349,361
Total net revenue	$	3,372,772	$	3,088,970	$	2,668,394

Net revenue by recurrent consumer spending revenue and full game and other was as follows:


	Fiscal Year Ended March 31,
	2021		2020		2019
Net revenue recognized:
Recurrent consumer spending	$	2,074,687	$	1,384,999	$	1,070,916
Full game and other	1,298,085		1,703,971		1,597,478
Total net revenue	$	3,372,772	$	3,088,970	$	2,668,394

Net revenue by platform was as follows:


	Fiscal Year Ended March 31,
	2021		2020		2019
Net revenue recognized:
Console	$	2,516,993	$	2,308,602	$	2,233,861
PC and other	855,779		780,368		434,533
Total net revenue	$	3,372,772	$	3,088,970	$	2,668,394

Net revenue by distribution channel was as follows:


	Fiscal Year Ended March 31,
	2021		2020		2019
Net revenue recognized:
Digital online	$	2,919,292	$	2,378,563	$	1,681,609
Physical retail and other	453,480		710,407		986,785
Total net revenue	$	3,372,772	$	3,088,970	$	2,668,394

Net revenue by geographic region

Net revenue by geographic region was as follows:


	Fiscal Year Ended March 31,
	2021		2020		2019
Net revenue recognized:
United States	$	2,015,885	$	1,775,682	$	1,426,906
International	1,356,887		1,313,288		1,241,488
Total net revenue	$	3,372,772	$	3,088,970	$	2,668,394

FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Mar. 31, 2021

Fair Value Disclosures [Abstract]

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


	March 31, 2021		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	$	837,614	$	837,614	$	—	$	—	Cash and cash equivalents
Bank-time deposits	95,000		95,000		—		—		Cash and cash equivalents
Commercial paper	100,105		—		100,105		—		Cash and cash equivalents

Money market funds	528,659		528,659		—		—		Restricted cash and cash equivalents
Bank-time deposits	563		563		—		—		Restricted cash and cash equivalents
Corporate bonds	521,224		—		521,224		—		Short-term investments
Bank-time deposits	578,762		578,762		—		—		Short-term investments
US Treasuries	60,086		60,086		—		—		Short-term investments
Commercial paper	148,150		—		148,150		—		Short-term investments
Asset-backed securities	470		—		470		—		Short-term investments
Money market funds	98,541		98,541		—		—		Long-term restricted cash and cash equivalents
Private equity	7,578		—		—		7,578		Other assets
Foreign currency forward contracts	(125)		$	—	(125)		$	—	Accrued expenses and other current liabilities
Total recurring fair value measurements, net	$	2,976,627	$	2,199,225	$	769,824	$	7,578


	March 31, 2020		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	$	497,861	$	497,861	$	—	$	—	Cash and cash equivalents
Bank-time deposits	313,757		313,757		—		—		Cash and cash equivalents
Commercial paper	97,544		—		97,544		—		Cash and cash equivalents
Corporate bonds	9,888		—		9,888		—		Cash and cash equivalents
Money market funds	546,604		546,604		—		—		Restricted cash and cash equivalents
Corporate bonds	334,631		—		334,631		—		Short-term investments
Bank-time deposits	191,000		191,000		—		—		Short-term investments
US Treasuries	30,819		30,819		—		—		Short-term investments
Commercial paper	87,553		—		87,553		—		Short-term investments
Cross-currency swap	11,275		—		11,275		—		Prepaid expenses and other
Money market funds	89,124		89,124		—		—		Long-term restricted cash and cash equivalents
Private equity	2,759		—		—		2,759		Other assets
Foreign currency forward contracts	(11)		—		(11)		—		Accrued expenses and other current liabilities
Total recurring fair value measurements, net	$	2,212,804	$	1,669,165	$	540,880	$	2,759

SHORT-TERM INVESTMENTS (Tables)

12 Months Ended

Mar. 31, 2021

Investments, Debt and Equity Securities [Abstract]

Schedule of short-term investments

Our short-term investments consisted of the following as of March 31, 2021:


	March 31, 2021
	Cost or Amortized Cost		Gross Unrealized
			Gains		Losses		Fair Value
Short-term investments
Bank time deposits	$	578,762	$	—	$	—	$	578,762
Available-for-sale securities:
Corporate bonds	520,486		994		(256)		521,224
US Treasuries	60,029		57		—		60,086
Commercial paper	148,149		1		—		148,150
Asset-backed securities	469		1		—		470
Total short-term investments	$	1,307,895	$	1,053	$	(256)	$	1,308,692


	March 31, 2020
	Cost or Amortized Cost		Gross Unrealized
			Gains		Losses		Fair Value
Short-term investments
Bank time deposits	$	191,000	$	—	$	—	$	191,000
Available-for-sale securities:
Corporate bonds	337,752		307		(3,428)		334,631
US Treasuries	30,481		338		—		30,819
Commercial paper	87,553		—		—		87,553
Total short-term investments	$	646,786	$	645	$	(3,428)	$	644,003

Summary of the contracted maturities of short-term investments

The following table summarizes the contracted maturities of our short-term investments at March 31, 2021:


	March 31, 2021
	Amortized Cost		Fair Value
Short-term investments
Due in 1 year or less	$	1,111,554	$	1,112,328
Due in 1-2 years	196,341		196,364
Total short-term investments	$	1,307,895	$	1,308,692

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

12 Months Ended

Mar. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of gross notional amounts of foreign currency forward contracts

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


	March 31,
	2021		2020
Forward contracts to sell foreign currencies	$	140,510	$	122,024
Forward contracts to purchase foreign currencies	$	92,123	$	52,596

- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624163-113959

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5580258-113959

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=121590274&loc=d3e41620-113959

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5579245-113959

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=121590274&loc=d3e41638-113959

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=121590274&loc=d3e41678-113959

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121590274&loc=d3e41641-113959

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5579240-113959

+ Details

INVENTORY (Tables)

12 Months Ended

Mar. 31, 2021

Inventory Disclosure [Abstract]

Inventory balances by category

Inventory balances by category are as follows:


	March 31,
	2021		2020
Finished products	$	16,941	$	17,984
Parts and supplies	801		1,124
Inventory	$	17,742	$	19,108

SOFTWARE DEVELOPMENT COSTS AND LICENSES (Tables)

12 Months Ended

Mar. 31, 2021

SOFTWARE DEVELOPMENT COSTS AND LICENSES

Schedule of capitalized software development costs and licenses

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


	March 31,
	2021				2020
	Current		Non-current		Current		Non-current
Software development costs, internally developed	$	22,225	$	412,919	$	17,367	$	305,970
Software development costs, externally developed	7,349		75,086		10,971		92,908
Licenses	13,869		2,887		11,978		2,900
Software development costs and licenses	$	43,443	$	490,892	$	40,316	$	401,778

Schedule of amortization and impairment of software development costs and licenses

Amortization and impairment of software development costs and licenses are as follows:


	Fiscal Year Ended March 31,
	2021		2020		2019
Amortization of software development costs and licenses	$	113,897	$	321,956	$	342,870
Impairment of software development costs and licenses	39,073		—		7,426
Less: Portion representing stock-based compensation	(8,707)		(154,031)		(149,075)
Amortization and impairment, net of stock-based compensation	$	144,263	$	167,925	$	201,221

FIXED ASSETS, NET (Tables)

12 Months Ended

Mar. 31, 2021

Property, Plant and Equipment [Abstract]

Schedule of fixed asset balances by category

Fixed asset balances by category are as follows:


	March 31,
	2021		2020
Computer equipment	$	155,580	$	127,897
Leasehold improvements	135,150		113,057
Computer software	63,947		60,507
Furniture and fixtures	17,693		16,520
Office equipment	13,282		12,109
Buildings	857		—
	386,509		330,090
Less: accumulated depreciation	(237,145)		(198,202)
Fixed assets, net	$	149,364	$	131,888

The following represents our fixed assets, net by location:


	March 31,
	2021		2020
United States	$	101,838	$	87,153
International	47,526		44,735
Fixed assets, net	$	149,364	$	131,888

GOODWILL AND INTANGIBLE ASSETS, NET (Tables)

12 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of change in goodwill balance

The change in our goodwill balance is as follows:


	Total
Balance at March 31, 2019	$	381,717
Additions from immaterial acquisitions	13,205
Currency translation adjustment	(8,428)
Balance at March 31, 2020	$	386,494
Acquisition of Playdots, Inc. (see Note 22)	119,069
Additions from immaterial acquisitions	13,260
Currency translation adjustment	16,483
Balance at March 31, 2021	$	535,306

Schedule of components of the intangible assets subject to amortization

The following table sets forth the intangible assets that are subject to amortization:


	March 31,
	2021						2020
	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Gross Carrying Amount		Accumulated Amortization		Net Book Value		Weighted average useful life
Developed game technology	$	143,628	$	(62,667)	$	80,961	$	64,336	$	(42,425)	$	21,911	6 years
Intellectual property	41,077		(14,542)		26,535		26,109		(10,836)		15,273		6 years
Analytics technology	32,768		(27,256)		5,512		30,711		(19,450)		11,261		5 years
Branding and trade names	8,245		(2,245)		6,000		4,343		(1,528)		2,815		6 years
User base	6,200		(3,617)		2,583		—		—		—		1 year
Total intangible assets	$	231,918	$	(110,327)	$	121,591	$	125,499	$	(74,239)	$	51,260	5 years

Schedule of amortization of intangible assets

Amortization of intangible assets is included in our Consolidated Statements of Operations as follows:


	Fiscal Year Ended March 31,
	2021		2020		2019
Cost of goods sold	$	21,199	$	14,325	$	16,937
Selling and marketing	3,617		—		—
Research and development	6,663		6,180		6,436
Depreciation and amortization	762		485		506
Total amortization of intangible assets	$	32,241	$	20,990	$	23,879

Schedule of estimated future amortization of intangible assets

Estimated future amortization of intangible assets that will be recorded in cost of goods sold and operating expenses for the years ending March 31, are as follows:


Fiscal Year Ended March 31,	Amortization
2022	$	42,182
2023	22,758
2024	19,307
2025	14,838
2026	13,998

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)

12 Months Ended

Mar. 31, 2021

Liabilities, Current [Abstract]

Components of accrued expenses and other current liabilities

Accrued expenses and other current liabilities consisted of:


	March 31,
	2021		2020
Software development royalties	$	814,998	$	822,416
Compensation and benefits	122,404		81,791
Licenses	84,330		57,651
Refund Liability	53,361		77,829
Marketing and promotions	32,591		40,797


Other	96,406		89,400
Accrued expenses and other current liabilities	$	1,204,090	$	1,169,884

DEBT (Tables)

12 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

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


	March 31,
	2021		2020
Available borrowings	$	197,874	$	198,336
Outstanding letters of credit	$	2,126	$	1,664

EARNINGS PER SHARE ("EPS") (Tables)

12 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

Schedule of computation of basic and diluted EPS

The following table sets forth the computation of basic and diluted EPS (in thousands except per share amounts):


	Fiscal Year Ended March 31,
	2021		2020		2019
Computation of Basic earnings per share:
Net income	$	588,886	$	404,459	$	333,837
Weighted average common shares outstanding—basic	114,602		113,096		113,176
Basic earnings per share	$	5.14	$	3.58	$	2.95

Computation of Diluted earnings per share:
Net income	$	588,886	$	404,459	$	333,837

Weighted average common shares outstanding—basic	114,602		113,096		113,176
Add: dilutive effect of common stock equivalents	1,142		1,040		2,022
Weighted average common shares outstanding—diluted	115,744		114,136		115,198

Diluted earnings per share	$	5.09	$	3.54	$	2.90

LEASES (Tables)

12 Months Ended

Mar. 31, 2021

Leases [Abstract]

Schedule of lease costs and supplemental information

Information related to our operating leases are as follows:


	Fiscal Year Ended March 31,
	2021		2020
Lease costs
Operating lease costs	$	37,300	$	29,383
Short term lease costs	$	1,148	$	2,771

Rent expense prior to our adoption of Topic 842 amounted to $29,204 for the fiscal year ended March 31, 2019.


	Fiscal Year Ended March 31,
	2021		2020
Supplemental operating cash flow information
Cash paid for amounts included in the measurement of lease liabilities	$	35,458	$	28,419
ROU assets obtained in exchange for lease obligations	$	34,638	$	58,745


	March 31,
	2021		2020
Weighted average information
Remaining lease term	8.61 years		8.90 years
Discount rate	4.91	%	4.98	%

Schedule of operating lease liability maturities

Future undiscounted lease payments for our operating lease liabilities, and a reconciliation of these payments to our operating lease liabilities at March 31, 2021, are as follows:


For the years ending March 31,
2022	$	36,582
2023	35,369
2024	27,352
2025	21,350
2026	16,520
Thereafter	79,217
Total future lease payments	$	216,390
Less imputed interest	(25,124)
Total lease liabilities	$	191,266

COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Mar. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

Summary of annual minimum contractual obligations

A summary of annual minimum contractual obligations and commitments as of March 31, 2021 is as follows:


Fiscal Year Ending March 31,	Software Development and Licensing		Marketing		Purchase Obligations		Total
2022	$	217,275	$	40,494	$	51,115	$	308,884
2023	160,991		42,376		25,986		229,353
2024	152,458		84,729		8,617		245,804
2025	108,321		26,184		1,503		136,008
2026	56,155		25,063		—		81,218
Thereafter	21,375		—		—		21,375
Total	$	716,575	$	218,846	$	87,221	$	1,022,642

INCOME TAXES (Tables)

12 Months Ended

Mar. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of (loss) income from continuing operations before income taxes

Components of income before income taxes are as follows:


	Fiscal Year Ended March 31,
	2021		2020		2019
Domestic	$	467,962	$	322,297	$	134,265
Foreign	209,854		136,142		98,520
Income before income taxes	$	677,816	$	458,439	$	232,785

Schedule of provision for current and deferred income taxes

Provision for (benefit from) current and deferred income taxes consists of the following:


	Fiscal Year Ended March 31,
	2021		2020		2019
Current:
U.S. federal	$	18,417	$	26,561	$	8,240
U.S. state and local	6,030		3,575		2,857
Foreign	27,333		10,061		22,274
Total current income taxes	51,780		40,197		33,371
Deferred:
U.S. federal	43,642		45,079		(128,317)
U.S. state and local	1,070		1,317		(9,157)
Foreign	(7,562)		(32,613)		3,051
Total deferred income taxes	37,150		13,783		(134,423)
Provision for (benefit from) income taxes	$	88,930	$	53,980	$	(101,052)

Schedule of reconciliation of effective tax rate to the U.S. statutory federal income tax rate

A reconciliation of our effective tax rate to the U.S. statutory federal income tax rate is as follows:


	Fiscal Year Ended March 31,
	2021		2020		2019
U.S. federal statutory rate	21.0	%	21.0	%	21.0	%
State and local taxes, net of U.S. federal benefit	1.1	%	2.1	%	2.9	%
Foreign tax rate differential(1)	(2.9)	%	1.0	%	(9.0)	%
Foreign earnings(2)	(0.3)	%	(9.3)	%	5.1	%
Tax credits(3)	(4.3)	%	(8.3)	%	(15.0)	%
Excess tax benefits from stock-based compensation	(2.0)	%	(1.8)	%	(5.7)	%
One-time transition tax	—	%	—	%	(2.0)	%
Valuation allowance—domestic	0.1	%	0.2	%	(46.0)	%
Valuation allowance—foreign(2)	—	%	7.3	%	—	%
Change in reserves	(0.4)	%	(2.0)	%	1.3	%
Other	0.8	%	1.6	%	4.0	%
Effective tax rate	13.1	%	11.8	%	(43.4)	%

(3) Tax benefits were recorded for fiscal years ended March 31, 2021, 2020, and 2019 attributable to certain tax credits related to software development activities.

Schedule of effects of temporary differences that gave rise to deferred tax assets and liabilities

The effects of temporary differences that gave rise to our deferred tax assets and liabilities were as follows:


	March 31,
	2021		2020
Deferred tax assets:
Accrued compensation expense	$	132,794	$	124,276
Equity-based compensation	60,012		66,253
Tax credit carryforward	54,576		45,746
Tax basis step up related to TRAF	45,266		45,266
Operating lease liabilities	42,846		39,512
Net operating loss carryforward	5,576		5,555
Deferred revenue	3,323		—
Business reorganization	401		1,874

Other	10,236		7,785
Total deferred tax assets	355,030		336,267
Less: Valuation allowance	(95,761)		(86,937)
Net deferred tax assets	259,269		249,330
Deferred tax liabilities:
Capitalized software and depreciation	(99,673)		(74,006)
Right of use assets	(40,391)		(36,947)
Intangible amortization	(29,683)		(18,206)
Deferred revenue	—		(5,038)
Other	(2,773)		(3,587)
Total deferred tax liabilities	(172,520)		(137,784)
Net deferred tax asset (1)	86,749		111,546

Schedule of aggregate changes to the liability for gross uncertain tax positions, excluding interest and penalties

The aggregate changes to the liability for gross uncertain tax positions, excluding interest and penalties, were as follows:


	Fiscal Year Ended March 31,
	2021		2020		2019
Balance, beginning of period	$	127,512	$	132,320	$	122,056
Additions:
Current year tax positions	18,861		8,596		13,281
Prior year tax positions	20,953		1,404		288
Reduction of prior year tax positions	(981)		(14,270)		(1,700)
Lapse of statute of limitations	(8,136)		(538)		(1,605)

Balance, end of period	$	158,209	$	127,512	$	132,320

STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Mar. 31, 2021

Share-based Payment Arrangement [Abstract]

Schedule of stock-based compensation expenses

The following table summarizes stock-based compensation expense included in our Consolidated Statements of Operations:


	Fiscal Year Ended March 31,
	2021		2020		2019
Cost of goods sold	$	8,707	$	154,031	$	149,075
Selling and marketing	18,348		18,680		23,685
General and administrative	56,830		53,607		51,903
Research and development	26,587		31,563		23,037

Stock-based compensation expense before income taxes	$	110,472	$	257,881	$	247,700
Income tax benefit	$	(21,746)	$	(48,687)	$	(48,383)
Stock-based compensation expense, net of income tax benefit	$	88,726	$	209,194	$	199,317
Capitalized stock-based compensation expense	$	30,124	$	24,451	$	75,725

Schedule of restricted stock awarded activity to ZelnickMedia

In connection with the 2017 Management Agreement, we granted restricted stock units to ZelnickMedia (see Note 3 - Management Agreement) as follows:


	Fiscal Year Ended March 31,
	2021	2020
Time-based	79	92
Market-based(1)	145	168
Performance-based(1)
IP	24	28
Recurrent Consumer Spending ("RCS")	24	28
Total Performance-based	48	56
Total Restricted Stock Units	272	316

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

Schedule of activity in non-vested restricted stock awards to employees and ZelnickMedia


	Shares (in thousands)	Weighted Average Fair Value on Grant Date
Non-vested restricted stock units at March 31, 2020	1,960	$	99.54
Granted	1,191	$	167.52
Vested	(925)	$	106.41
Forfeited	(162)	$	167.03
Non-vested restricted stock units at March 31, 2021	2,064	$	139.94


	Shares (in thousands)	Weighted Average Fair Value on Grant Date
Non-vested restricted stock units at March 31, 2020	358	$	157.05
Granted	367	$	185.05
Vested	(395)	$	144.65
Forfeited	(7)	$	228.34
Non-vested restricted stock units at March 31, 2021	323	$	187.21


	Shares (in thousands)	Weighted Average Fair Value on Grant Date
Non-vested restricted stock units at March 31, 2020	3,239	$	119.97
Granted	1,768	$	174.47
Vested	(80)	$	100.36
Forfeited	(1,328)	$	176.61
Non-vested restricted stock units at March 31, 2021	3,599	$	150.06

Schedule of weighted-average assumptions used to value outstanding market-based restricted shares

The following table summarizes the weighted-average assumptions used in the Monte Carlo Simulation to estimate the fair value of market-based awards:


	Fiscal Year Ended March 31,
	2021				2020				2019
	Employee Market-Based		Non-Employee Market-Based		Employee Market-Based		Non-Employee Market-Based		Employee Market-Based		Non-Employee Market-Based
Risk-free interest rate	0.2	%	0.2	%	1.8	%	2.4	%	2.6	%	2.4	%
Expected stock price volatility	40.7	%	40.8	%	39.4	%	39.9	%	34.9	%	31.4	%
Expected service period (years)	1.5		1.0		1.5		1.0		1.5		1.0
Dividends	None		None		None		None		None		None

Fair value measurement and valuation techniques

The following table summarizes the assumptions used in the Black-Scholes valuation model to value our purchase rights:


	Fiscal Year Ended March 31,	Fiscal Year Ended March 31,
	2021	2020
Risk-free interest rate	0.1%	1.6% - 2.4%
Expected stock price volatility	33.8% - 46.8%	28.1% - 45.6%
Expected service period (years)	0.5	0.5
Dividends	None	None

INTEREST AND OTHER, NET (Tables)

12 Months Ended

Mar. 31, 2021

Other Income and Expenses [Abstract]

Schedule of interest and other, net


	Fiscal Year Ended March 31,
	2021		2020		2019
Interest income	$	18,701	$	47,341	$	38,019
Interest expense	(6,207)		(2,637)		(8,032)
Foreign currency exchange gain (loss)	727		(3,589)		(505)
Other	(4,425)		(2,610)		(3,369)
Interest and other, net	$	8,796	$	38,505	$	26,113

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

12 Months Ended

Mar. 31, 2021

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Schedule of components of accumulated other comprehensive (loss) income

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


	Foreign currency translation adjustments		Unrealized gain (loss) on derivative instruments		Unrealized gain (loss) on cross-currency swap		Unrealized gain (loss) on available- for-sales securities		Total
Balance at March 31, 2019	$	(33,090)	$	600	$	(5,285)	$	586	$	(37,189)
Other comprehensive (loss) income before reclassifications	(27,445)		—		10,504		(3,332)		(20,273)
Amounts reclassified from accumulated other comprehensive (loss) income	—		—		(1,689)		—		(1,689)
Tax effect on cross-currency swap	—		—		775		—		775
Balance at March 31, 2020	$	(60,535)	$	600	$	4,305	$	(2,746)	$	(58,376)
Other comprehensive income (loss) before reclassifications	51,253		—		(3,817)		3,364		50,800
Amounts reclassified from accumulated other comprehensive (loss) income	—		(600)		(1,333)		—		(1,933)
Tax effect on cross-currency swap	—		—		845		—		845
Balance at March 31, 2021	$	(9,282)	$	—	$	—	$	618	$	(8,664)

SUPPLEMENTARY FINANCIAL INFORMATION (Tables)

12 Months Ended

Mar. 31, 2021

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Schedule of details of valuation and qualifying accounts

The following table provides details of our valuation and qualifying accounts:


	Beginning Balance		Additions	Deductions	Other	Ending Balance
Fiscal Year Ended March 31, 2021
Valuation allowance for deferred income taxes	$	86,937	11,525	(2,701)	—	$	95,761
Allowance for doubtful accounts	443		—	—	(93)	350
Fiscal Year Ended March 31, 2020
Valuation allowance for deferred income taxes	$	49,413	44,703	(7,179)	—	$	86,937
Allowance for doubtful accounts	995		—	(547)	(5)	443
Fiscal Year Ended March 31, 2019
Valuation allowance for deferred income taxes(1)	$	195,640	11,850	(107,133)	(50,944)	$	49,413
Allowance for doubtful accounts	1,247		651	—	(903)	995

ACQUISITIONS (Tables)

12 Months Ended

Mar. 31, 2021

Business Combinations [Abstract]

Schedule of business acquisitions, by acquisition

The acquisition-date fair value of the consideration totaled $195,493, which consisted of the following:


	Fair value of purchase consideration
Cash	$	97,846
Common stock (604 shares)	97,647
Total	$	195,493

Schedule of recognized identified assets acquired and liabilities assumed

The following table summarizes the preliminary acquisition date fair value of net tangible and intangible assets acquired, net of liabilities assumed from Playdots:


	Fair Value		Weighted average useful life
Cash acquired	$	12,098	N/A
Other tangible net assets	8,206		N/A
Other liabilities assumed	(24,680)		N/A
Intangible Assets
Developed game technology	69,000		6
User base	6,200		1
Branding and trade names	3,400		8
Game engine technology	2,200		4
Goodwill	119,069		N/A
Total	$	195,493

Business acquisition, pro forma information

The amounts of revenue and earnings of Playdots included in our Consolidated Statement of Operations from the acquisition date to the period ending March 31, 2021 are as follows:


	Fiscal Year Ended March 31, 2021
Net revenue	$	20,640
Net income (loss)	$	(27,407)


	Fiscal Year Ended March 31,
	2021		2020
Pro forma Net revenue	$	3,392,117	$	3,112,757
Pro forma Net income	$	580,393	$	370,225

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Details)	12 Months Ended
	Mar. 31, 2021 USD ($) segment unit	Mar. 31, 2020 USD ($)	Mar. 31, 2019 USD ($)	Sep. 04, 2020 USD ($)
Goodwill [Line Items]
Number of operating segments \| segment	1
Number of reportable segments \| segment	1
Weighted average useful life	5 years
Number of reporting units \| unit	2
Goodwill and intangible asset impairment	$ 0	$ 0	$ 0
Goodwill	$ 535,306,000	386,494,000	381,717,000	$ 119,069,000
Estimated service period minimum	6 months
Estimated service period maximum	15 months
Advertising expense	$ 241,068,000	$ 285,607,000	$ 249,315,000
Reporting unit
Goodwill [Line Items]
Goodwill	$ 345,725,000
Office equipment
Goodwill [Line Items]
Estimated useful life	5 years
Leasehold improvements
Goodwill [Line Items]
Estimated useful life	7 years
Minimum \| Computer equipment
Goodwill [Line Items]
Estimated useful life	3 years
Minimum \| Software products
Goodwill [Line Items]
Weighted average useful life	12 months
Maximum \| Computer equipment
Goodwill [Line Items]
Estimated useful life	5 years
Maximum \| Software products
Goodwill [Line Items]
Weighted average useful life	30 months
Five largest customers \| Net revenue \| Customer concentration risk
Goodwill [Line Items]
Concentration risk rate	78.40%	71.50%	70.10%
Five largest customers \| Gross accounts receivable \| Credit concentration risk
Goodwill [Line Items]
Concentration risk rate	77.60%	58.10%
One Customer \| Net revenue \| Customer concentration risk
Goodwill [Line Items]
Concentration risk rate	38.90%	31.90%	31.30%
Second Customer \| Net revenue \| Customer concentration risk
Goodwill [Line Items]
Concentration risk rate	22.20%	20.00%	18.10%
Third Customer \| Net revenue \| Customer concentration risk
Goodwill [Line Items]
Concentration risk rate			10.50%
Customers individually accounting for more than 10% \| Gross accounts receivable \| Credit concentration risk
Goodwill [Line Items]
Concentration risk rate	69.20%	48.80%
Additional customer two \| Gross accounts receivable \| Credit concentration risk
Goodwill [Line Items]
Concentration risk rate	50.40%	18.80%
Additional customer three \| Gross accounts receivable \| Credit concentration risk
Goodwill [Line Items]
Concentration risk rate	29.40%	19.40%

REVENUE FROM CONTRACTS WITH CUSTOMERS - Disaggregated Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Revenue from External Customer [Line Items]
Total net revenue	$ 3,372,772	$ 3,088,970	$ 2,668,394
Service and other
Revenue from External Customer [Line Items]
Total net revenue	2,281,555	1,839,696	1,319,033
Product
Revenue from External Customer [Line Items]
Total net revenue	1,091,217	1,249,274	1,349,361
Recurrent Consumer Spending ("RCS")
Revenue from External Customer [Line Items]
Total net revenue	2,074,687	1,384,999	1,070,916
Full game and other
Revenue from External Customer [Line Items]
Total net revenue	1,298,085	1,703,971	1,597,478
Console
Revenue from External Customer [Line Items]
Total net revenue	2,516,993	2,308,602	2,233,861
PC and other
Revenue from External Customer [Line Items]
Total net revenue	855,779	780,368	434,533
Digital online
Revenue from External Customer [Line Items]
Total net revenue	2,919,292	2,378,563	1,681,609
Physical retail and other
Revenue from External Customer [Line Items]
Total net revenue	$ 453,480	$ 710,407	$ 986,785

REVENUE FROM CONTRACTS WITH CUSTOMERS - Geographical (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Disaggregation of Revenue [Line Items]
Total net revenue	$ 3,372,772	$ 3,088,970	$ 2,668,394
United States
Disaggregation of Revenue [Line Items]
Total net revenue	2,015,885	1,775,682	1,426,906
International
Disaggregation of Revenue [Line Items]
Total net revenue	$ 1,356,887	$ 1,313,288	$ 1,241,488

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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-Paragraph 41
-Subparagraph (a)
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
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-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

REVENUE FROM CONTRACTS WITH CUSTOMERS - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Contract with liability	$ 965,331	$ 806,123
Contract with liability recognized	774,279
Contract asset	105,554	$ 81,625
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining obligation	1,100,441
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining obligation	$ 969,739
Revenue obligation, expected timing of satisfaction	12 months

MANAGEMENT AGREEMENT (Details) - 2017 Management Agreement - USD ($) $ in Thousands		12 Months Ended
	Jan. 01, 2018	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Related Party Transaction [Line Items]
Stock-based compensation expense for non-employee awards		$ 27,281	$ 23,413	$ 21,257
Zelnick Media Corporation
Related Party Transaction [Line Items]
Annual management fee	$ 3,100
Consulting expense benefit		$ 10,540	$ 10,540	$ 9,265
Zelnick Media Corporation \| Maximum
Related Party Transaction [Line Items]
Bonus per fiscal year based on the achievement of certain performance thresholds	$ 7,440

FAIR VALUE MEASUREMENTS - Assets Measured at Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Mar. 31, 2020
Assets measured at fair value on a recurring basis
Short-term investments	$ 1,308,692	$ 644,003
Fair Value, Recurring
Assets measured at fair value on a recurring basis
Total recurring fair value measurements, net	2,976,627	2,212,804
Quoted prices in active markets for identical assets (level 1) \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Total recurring fair value measurements, net	2,199,225	1,669,165
Significant other observable inputs (level 2) \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Total recurring fair value measurements, net	769,824	540,880
Significant unobservable inputs (level 3) \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Total recurring fair value measurements, net	7,578	2,759
Money market funds \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Cash and cash equivalents	837,614	497,861
Restricted cash and cash equivalents	528,659	546,604
Long-term restricted cash and cash equivalents	98,541	89,124
Money market funds \| Quoted prices in active markets for identical assets (level 1) \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Cash and cash equivalents	837,614	497,861
Restricted cash and cash equivalents	528,659	546,604
Long-term restricted cash and cash equivalents	98,541	89,124
Money market funds \| Significant other observable inputs (level 2) \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Cash and cash equivalents	0	0
Restricted cash and cash equivalents	0	0
Long-term restricted cash and cash equivalents	0	0
Money market funds \| Significant unobservable inputs (level 3) \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Cash and cash equivalents	0	0
Restricted cash and cash equivalents	0	0
Long-term restricted cash and cash equivalents	0	0
Bank-time deposits \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Cash and cash equivalents	95,000	313,757
Restricted cash and cash equivalents	563
Short-term investments	578,762	191,000
Bank-time deposits \| Quoted prices in active markets for identical assets (level 1) \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Cash and cash equivalents	95,000	313,757
Restricted cash and cash equivalents	563
Short-term investments	578,762	191,000
Bank-time deposits \| Significant other observable inputs (level 2) \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Cash and cash equivalents	0	0
Restricted cash and cash equivalents	0
Short-term investments	0	0
Bank-time deposits \| Significant unobservable inputs (level 3) \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Cash and cash equivalents	0	0
Restricted cash and cash equivalents	0
Short-term investments	0	0
Commercial paper \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Cash and cash equivalents	100,105	97,544
Short-term investments	148,150	87,553
Commercial paper \| Quoted prices in active markets for identical assets (level 1) \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Cash and cash equivalents	0	0
Short-term investments	0	0
Commercial paper \| Significant other observable inputs (level 2) \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Cash and cash equivalents	100,105	97,544
Short-term investments	148,150	87,553
Commercial paper \| Significant unobservable inputs (level 3) \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Cash and cash equivalents	0	0
Short-term investments	0	0
Asset-backed securities \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Short-term investments	470
Asset-backed securities \| Quoted prices in active markets for identical assets (level 1) \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Short-term investments	0
Asset-backed securities \| Significant other observable inputs (level 2) \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Short-term investments	470
Asset-backed securities \| Significant unobservable inputs (level 3) \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Short-term investments	0
Cross-currency swap \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Prepaid expenses and other		11,275
Cross-currency swap \| Quoted prices in active markets for identical assets (level 1) \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Prepaid expenses and other		0
Cross-currency swap \| Significant other observable inputs (level 2) \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Prepaid expenses and other		11,275
Cross-currency swap \| Significant unobservable inputs (level 3) \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Prepaid expenses and other		0
Corporate bonds \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Cash and cash equivalents		9,888
Short-term investments	521,224	334,631
Corporate bonds \| Quoted prices in active markets for identical assets (level 1) \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Cash and cash equivalents		0
Short-term investments	0	0
Corporate bonds \| Significant other observable inputs (level 2) \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Cash and cash equivalents		9,888
Short-term investments	521,224	334,631
Corporate bonds \| Significant unobservable inputs (level 3) \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Cash and cash equivalents		0
Short-term investments	0	0
US Treasuries \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Short-term investments	60,086	30,819
US Treasuries \| Quoted prices in active markets for identical assets (level 1) \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Short-term investments	60,086	30,819
US Treasuries \| Significant other observable inputs (level 2) \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Short-term investments	0	0
US Treasuries \| Significant unobservable inputs (level 3) \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Short-term investments	0	0
Private equity \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Private equity	7,578	2,759
Private equity \| Quoted prices in active markets for identical assets (level 1) \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Private equity	0	0
Private equity \| Significant other observable inputs (level 2) \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Private equity	0	0
Private equity \| Significant unobservable inputs (level 3) \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Private equity	7,578	2,759
Foreign currency forward contracts \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Foreign currency forward contracts	(125)	(11)
Foreign currency forward contracts \| Quoted prices in active markets for identical assets (level 1) \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Foreign currency forward contracts	0	0
Foreign currency forward contracts \| Significant other observable inputs (level 2) \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Foreign currency forward contracts	(125)	(11)
Foreign currency forward contracts \| Significant unobservable inputs (level 3) \| Fair Value, Recurring
Assets measured at fair value on a recurring basis
Foreign currency forward contracts	$ 0	$ 0

FAIR VALUE MEASUREMENTS - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Assets measured at fair value on a recurring basis
Gain (loss) on long-term investments, net	$ 39,636	$ (5,333)	$ 0
Fair Value, Nonrecurring
Assets measured at fair value on a recurring basis
Investments in other assets	20,000
Gain (loss) on long-term investments, net	$ 40,588

SHORT-TERM INVESTMENTS - Schedule of Short-Term Investments (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Mar. 31, 2020
Debt Securities, Available-for-sale, Maturity, Amortized Cost, Rolling Maturity [Abstract]
Cost or Amortized Cost	$ 1,307,895	$ 646,786
Gains	1,053	645
Losses	(256)	(3,428)
Fair Value	1,308,692	644,003
Bank-time deposits
Debt Securities, Available-for-sale, Maturity, Amortized Cost, Rolling Maturity [Abstract]
Cost or Amortized Cost	578,762	191,000
Gains	0	0
Losses	0	0
Fair Value	578,762	191,000
Corporate bonds
Debt Securities, Available-for-sale, Maturity, Amortized Cost, Rolling Maturity [Abstract]
Cost or Amortized Cost	520,486	337,752
Gains	994	307
Losses	(256)	(3,428)
Fair Value	521,224	334,631
US Treasuries
Debt Securities, Available-for-sale, Maturity, Amortized Cost, Rolling Maturity [Abstract]
Cost or Amortized Cost	60,029	30,481
Gains	57	338
Losses	0	0
Fair Value	60,086	30,819
Commercial paper
Debt Securities, Available-for-sale, Maturity, Amortized Cost, Rolling Maturity [Abstract]
Cost or Amortized Cost	148,149	87,553
Gains	1	0
Losses	0	0
Fair Value	148,150	$ 87,553
Asset-backed securities
Debt Securities, Available-for-sale, Maturity, Amortized Cost, Rolling Maturity [Abstract]
Cost or Amortized Cost	469
Gains	1
Losses	0
Fair Value	$ 470

SHORT-TERM INVESTMENTS - Short Term Maturities (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Mar. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Amortized Cost, 1 year or less	$ 1,111,554
Amortized Cost, 1-2 years	196,341
Cost or Amortized Cost	1,307,895	$ 646,786
Fair Value, 1 year or less	1,112,328
Fair Value, 1-2 years	196,364
Total short-term investments	$ 1,308,692	$ 644,003

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Derivative [Line Items]
Forward contracts to sell foreign currencies	$ 140,510	$ 122,024
Forward contracts to purchase foreign currencies	92,123	52,596
Derivative instrument not designated as hedging instruments, gain (loss), net	(3,584)	$ (959)	$ 16,831
Proceeds from settled derivative asset	7,420
Cash Flow Hedging \| Cross-currency swap
Derivative [Line Items]
Derivative, notional amount	$ 3,109

INVENTORY (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Mar. 31, 2020
Inventory Disclosure [Abstract]
Finished products	$ 16,941	$ 17,984
Parts and supplies	801	1,124
Inventory	17,742	19,108
Estimated product returns included in inventory	$ 186	$ 506

SOFTWARE DEVELOPMENT COSTS AND LICENSES (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Capitalized software development costs and licenses
Software development costs and licenses, Current	$ 43,443	$ 40,316
Software development costs and licenses, Non-current	490,892	401,778
Software development costs and licenses related to titles not released	483,110	333,063
Amortization and impairment of software development costs and licenses
Amortization of software development costs and licenses	113,897	321,956	$ 342,870
Impairment of software development costs and licenses	39,073	0	7,426
Less: Portion representing stock-based compensation	(8,707)	(154,031)	(149,075)
Amortization and impairment, net of stock-based compensation	144,263	167,925	$ 201,221
Software development costs, internally developed
Capitalized software development costs and licenses
Software development costs and licenses, Current	22,225	17,367
Software development costs and licenses, Non-current	412,919	305,970
Software development costs, externally developed
Capitalized software development costs and licenses
Software development costs and licenses, Current	7,349	10,971
Software development costs and licenses, Non-current	75,086	92,908
Licenses
Capitalized software development costs and licenses
Software development costs and licenses, Current	13,869	11,978
Software development costs and licenses, Non-current	$ 2,887	$ 2,900

FIXED ASSETS, NET (Details) - USD ($) $ in Thousands	12 Months Ended
FIXED ASSETS, NET (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Fixed assets
Fixed assets, gross	$ 386,509	$ 330,090
Less: accumulated depreciation	(237,145)	(198,202)
Fixed assets, net	149,364	131,888
Depreciation expense	56,309	47,628	$ 39,726
United States
Fixed assets
Fixed assets, net	101,838	87,153
International
Fixed assets
Fixed assets, net	47,526	44,735
Computer equipment
Fixed assets
Fixed assets, gross	155,580	127,897
Leasehold improvements
Fixed assets
Fixed assets, gross	135,150	113,057
Computer software
Fixed assets
Fixed assets, gross	63,947	60,507
Furniture and fixtures
Fixed assets
Fixed assets, gross	17,693	16,520
Office equipment
Fixed assets
Fixed assets, gross	13,282	12,109
Buildings
Fixed assets
Fixed assets, gross	857	0
Fixed assets, net
Fixed assets
Depreciation expense	$ 54,835	$ 47,628	$ 39,726

GOODWILL AND INTANGIBLE ASSETS, NET - Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Change in the goodwill balance
Balance at the beginning of the period	$ 386,494	$ 381,717
Additions from acquisitions		13,205
Currency translation adjustment	16,483	(8,428)
Balance at the end of the period	535,306	386,494
Components of the intangible assets subject to amortization
Gross Carrying Amount	231,918	125,499
Accumulated Amortization	(110,327)	(74,239)
Net Book Value	$ 121,591	51,260
Weighted average useful life	5 years
Developed game technology
Components of the intangible assets subject to amortization
Gross Carrying Amount	$ 143,628	64,336
Accumulated Amortization	(62,667)	(42,425)
Net Book Value	$ 80,961	21,911
Weighted average useful life	6 years
Intellectual property
Components of the intangible assets subject to amortization
Gross Carrying Amount	$ 41,077	26,109
Accumulated Amortization	(14,542)	(10,836)
Net Book Value	$ 26,535	15,273
Weighted average useful life	6 years
Analytics technology
Components of the intangible assets subject to amortization
Gross Carrying Amount	$ 32,768	30,711
Accumulated Amortization	(27,256)	(19,450)
Net Book Value	$ 5,512	11,261
Weighted average useful life	5 years
Branding and trade names
Components of the intangible assets subject to amortization
Gross Carrying Amount	$ 8,245	4,343
Accumulated Amortization	(2,245)	(1,528)
Net Book Value	$ 6,000	2,815
Weighted average useful life	6 years
User base
Components of the intangible assets subject to amortization
Gross Carrying Amount	$ 6,200	0
Accumulated Amortization	(3,617)	0
Net Book Value	$ 2,583	$ 0
Weighted average useful life	1 year
PlayDots, Inc
Change in the goodwill balance
Additions from acquisitions	$ 119,069
Series of Individually Immaterial Business Acquisitions
Change in the goodwill balance
Additions from acquisitions	$ 13,260

GOODWILL AND INTANGIBLE ASSETS, NET - Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Capitalized software development costs and licenses
Total amortization of intangible assets	$ 32,241	$ 20,990	$ 23,879
Cost of goods sold
Capitalized software development costs and licenses
Total amortization of intangible assets	21,199	14,325	16,937
Selling and marketing
Capitalized software development costs and licenses
Total amortization of intangible assets	3,617	0	0
Research and development
Capitalized software development costs and licenses
Total amortization of intangible assets	6,663	6,180	6,436
Depreciation and amortization
Capitalized software development costs and licenses
Total amortization of intangible assets	$ 762	$ 485	$ 506

GOODWILL AND INTANGIBLE ASSETS, NET - Estimated Future Amortization (Details) $ in Thousands	Mar. 31, 2021 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2022	$ 42,182
2023	22,758
2024	19,307
2025	14,838
2026	$ 13,998

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Mar. 31, 2020
Liabilities, Current [Abstract]
Software development royalties	$ 814,998	$ 822,416
Compensation and benefits	122,404	81,791
Licenses	84,330	57,651
Refund Liability	53,361	77,829
Marketing and promotions	32,591	40,797
Other	96,406	89,400
Accrued expenses and other current liabilities	$ 1,204,090	$ 1,169,884

DEBT (Details) - USD ($)		12 Months Ended
DEBT (Details) - USD ($)	Feb. 08, 2019	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Credit Agreement
Credit Agreement
Debt term	5 years
Maximum borrowing capacity	$ 200,000,000
Amount of additional borrowings by which maximum borrowing capacity may be increased	250,000,000
Outstanding borrowings		$ 0	$ 0
Credit Agreement Availability
Available borrowings		197,874,000	198,336,000
Outstanding letters of credit		2,126,000	1,664,000
Interest expense		$ 355,000	$ 275,000	$ 372,000
Interest expense and fees				$ 472,000
Credit Agreement \| Base rate
Credit Agreement
Interest rate at end of period (as a percent)		3.25%
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 at end of period (as a percent)		1.10%
Credit Agreement \| LIBOR \| Minimum
Credit Agreement
Interest rate added to base rate (as a percent)		1.125%
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	$ 25,000,000

EARNINGS PER SHARE ("EPS") (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Computation of Basic earnings per share:
Net income	$ 588,886	$ 404,459	$ 333,837
Weighted average common shares outstanding - basic (in shares)	114,602	113,096	113,176
Basic earnings per share (in dollars per share)	$ 5.14	$ 3.58	$ 2.95
Computation of Diluted earnings per share:
Net income	$ 588,886	$ 404,459	$ 333,837
Weighted average common shares outstanding - basic (in shares)	114,602	113,096	113,176
Add: dilutive effect of common stock equivalents (in shares)	1,142	1,040	2,022
Weighted average common shares outstanding—diluted (in shares)	115,744	114,136	115,198
Diluted earnings per share (in dollars per share)	$ 5.09	$ 3.54	$ 2.90

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121326447&loc=SL5780133-109256

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22658-107794

+ Details

LEASES - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Lessee, Lease, Description [Line Items]
Operating lease costs	$ 37,300	$ 29,383
Short term lease costs	1,148	2,771
Rent expense			$ 29,204
Cash paid for amounts included in the measurement of lease liabilities	35,458	28,419
ROU assets obtained in exchange for lease obligations	$ 34,638	$ 58,745
Remaining lease term	8 years 7 months 9 days	8 years 10 months 24 days
Discount rate	4.91%	4.98%
Facility leases not yet commenced, future lease payments	$ 5,709
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease terms	1 year
Lease renewal terms	1 year
Facility leases not yet commenced, lease term	3 years
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease terms	13 years
Lease renewal terms	5 years
Facility leases not yet commenced, lease term	9 years

LEASES - Operating Lease Maturities (Details) $ in Thousands	Mar. 31, 2021 USD ($)
Leases [Abstract]
2022	$ 36,582
2023	35,369
2024	27,352
2025	21,350
2026	16,520
Thereafter	79,217
Total future lease payments	216,390
Less imputed interest	(25,124)
Total lease liabilities	$ 191,266

COMMITMENTS AND CONTINGENCIES - Annual Minimum Obligations (Details) $ in Thousands	Mar. 31, 2021 USD ($)
Purchase Obligations
2022	$ 51,115
2023	25,986
2024	8,617
2025	1,503
2026	0
Thereafter	0
Total	87,221
2022	308,884
2023	229,353
2024	245,804
2025	136,008
2026	81,218
Thereafter	21,375
Total	1,022,642
Software Development and Licensing
Unrecorded Unconditional Purchase Obligation
2022	217,275
2023	160,991
2024	152,458
2025	108,321
2026	56,155
Thereafter	21,375
Total	716,575
Marketing
Unrecorded Unconditional Purchase Obligation
2022	40,494
2023	42,376
2024	84,729
2025	26,184
2026	25,063
Thereafter	0
Total	$ 218,846

COMMITMENTS AND CONTINGENCIES - Savings Plans and Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Matching contribution expense incurred by the company	$ 17,701	$ 14,071	$ 10,881

INCOME TAXES - Current Income Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Components of (loss) income before income taxes
Domestic	$ 467,962	$ 322,297	$ 134,265
Foreign	209,854	136,142	98,520
Income before income taxes	677,816	458,439	232,785
Current:
U.S. federal	18,417	26,561	8,240
U.S. state and local	6,030	3,575	2,857
Foreign	27,333	10,061	22,274
Total current income taxes	51,780	40,197	33,371
Deferred:
U.S. federal	43,642	45,079	(128,317)
U.S. state and local	1,070	1,317	(9,157)
Foreign	(7,562)	(32,613)	3,051
Total deferred income taxes	37,150	13,783	(134,423)
Provision for (benefit from) income taxes	$ 88,930	$ 53,980	$ (101,052)
Reconciliation of effective tax rate to the U.S. statutory federal income tax rate
U.S. federal statutory rate	21.00%	21.00%	21.00%
State and local taxes, net of U.S. federal benefit	1.10%	2.10%	2.90%
Foreign tax rate differential	(2.90%)	1.00%	(9.00%)
Foreign earnings	(0.30%)	(9.30%)	5.10%
Tax credits	(4.30%)	(8.30%)	(15.00%)
Excess tax benefits from stock-based compensation	(2.00%)	(1.80%)	(5.70%)
One-time transition tax	0.00%	0.00%	(2.00%)
Valuation allowance—domestic	0.10%	0.20%	(46.00%)
Valuation allowance—foreign	0.00%	7.30%	0.00%
Change in reserves	(0.40%)	(2.00%)	1.30%
Other	0.80%	1.60%	4.00%
Effective tax rate	13.10%	11.80%	(43.40%)
Foreign tax rate differential, amount		$ 19,826

INCOME TAXES - Deferred Taxes (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Mar. 31, 2020
Deferred tax assets:
Accrued compensation expense	$ 132,794	$ 124,276
Equity-based compensation	60,012	66,253
Tax credit carryforward	54,576	45,746
Tax basis step up related to TRAF	45,266	45,266
Operating lease liabilities	42,846	39,512
Net operating loss carryforward	5,576	5,555
Deferred revenue	3,323	0
Business reorganization	401	1,874
Other	10,236	7,785
Total deferred tax assets	355,030	336,267
Less: Valuation allowance	(95,761)	(86,937)
Net deferred tax assets	259,269	249,330
Deferred tax liabilities:
Capitalized software and depreciation	(99,673)	(74,006)
Right of use assets	(40,391)	(36,947)
Intangible amortization	(29,683)	(18,206)
Deferred revenue	0	(5,038)
Other	(2,773)	(3,587)
Total deferred tax liabilities	(172,520)	(137,784)
Net deferred tax asset	86,749	111,546
Deferred tax assets	90,206	116,676
Deferred tax assets
Deferred tax liabilities:
Deferred tax assets	90,206	116,676
Other long term liabilities
Deferred tax liabilities:
Deferred tax liabilities	$ 3,457	$ 5,130

INCOME TAXES - Loss Carryforwards (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Mar. 31, 2020
Operating loss carryforwards
Total amount of undistributed earnings of foreign subsidiaries	$ 419,887	$ 562,269
Domestic
Operating loss carryforwards
Net operating loss carryforwards	44,481
Domestic \| Expire from 2022 to 2028
Operating loss carryforwards
Net operating loss carryforwards	19,329
Domestic \| Expire in 2029 to 2032
Operating loss carryforwards
Net operating loss carryforwards	18,296
Domestic \| Expire in 2036 to 2041
Operating loss carryforwards
Net operating loss carryforwards	6,856
Foreign
Operating loss carryforwards
Net operating loss carryforwards	10,236
Foreign \| Expire 2028
Operating loss carryforwards
Net operating loss carryforwards	1,170
Domestic Tax Authority
Operating loss carryforwards
Tax credit carryforward	173,559
Domestic Tax Authority \| Expire 2038 to 2041
Operating loss carryforwards
Tax credit carryforward	$ 46,875

INCOME TAXES - Uncertain Tax Positions (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Increase in interest and penalties	$ 2,594	$ 71	$ 232
Gross amount of interest and penalties accrued	9,351	6,757
Gross unrecognized tax benefits including interest and penalties	167,559
Gross unrealized tax benefits, which would affect effective tax rate, if realized	62,569
Increase (decrease) in unrecognized tax benefits	33,290
Possible reduction of unrecognized tax benefits within the next 12 months	8,950
Aggregate changes to the liability for gross uncertain tax position, excluding interest and penalties
Balance, beginning of period	127,512	132,320	122,056
Additions:
Current year tax positions	18,861	8,596	13,281
Prior year tax positions	20,953	1,404	288
Reduction of prior year tax positions	(981)	(14,270)	(1,700)
Lapse of statute of limitations	(8,136)	(538)	(1,605)
Balance, end of period	$ 158,209	$ 127,512	$ 132,320

STOCK-BASED COMPENSATION - 2009 Plan (Details) - 2017 Plan - shares shares in Thousands	Mar. 31, 2021	Sep. 30, 2017
Stock-based compensation
Number of shares authorized (in shares)		9,654
Number of shares available for grant (in shares)	4,305

STOCK-BASED COMPENSATION - Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Stock-based compensation expense
Stock-based compensation expense before income taxes	$ 110,472	$ 257,881	$ 247,700
Income tax benefit	(21,746)	(48,687)	(48,383)
Stock-based compensation expense, net of income tax benefit	88,726	209,194	199,317
Capitalized stock-based compensation expense	30,124	24,451	75,725
Cost of goods sold
Stock-based compensation expense
Stock-based compensation expense before income taxes	8,707	154,031	149,075
Selling and marketing
Stock-based compensation expense
Stock-based compensation expense before income taxes	18,348	18,680	23,685
General and administrative
Stock-based compensation expense
Stock-based compensation expense before income taxes	56,830	53,607	51,903
Research and development
Stock-based compensation expense
Stock-based compensation expense before income taxes	$ 26,587	$ 31,563	$ 23,037

STOCK-BASED COMPENSATION - Narrative (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Related Party Transaction [Line Items]
Reversal of forfeiture awards	$ 69,758	$ 425	$ 5,784
Reversal of capitalized costs	10,837	2,607	17,504
Performance and market-based restricted stock awards
Related Party Transaction [Line Items]
Fair values of restricted stock units vested	$ 205,867	$ 219,007	$ 264,162
Market-based restricted stock units
Related Party Transaction [Line Items]
Award vesting period	2 years
Target units as a percentage of total units to be earned	50.00%
IP
Related Party Transaction [Line Items]
Allocation of performance-based restricted stock units	50.00%
Recurrent Consumer Spending ("RCS")
Related Party Transaction [Line Items]
Allocation of performance-based restricted stock units	50.00%
Performance-based restricted stock units
Related Party Transaction [Line Items]
Award vesting period	2 years
Target units as a percentage of total units to be earned	50.00%
Performance Based Awards
Related Party Transaction [Line Items]
Vested (in shares)	80
Forfeited (in shares)	1,328
Options granted in period (in dollars per shares)	$ 176.42	$ 124.50	$ 100.29
Performance Based Awards \| Zelnick Media Corporation
Related Party Transaction [Line Items]
Options granted in period (in dollars per shares)	$ 120.00	$ 92.65	97.19
Restricted Stock
Related Party Transaction [Line Items]
Future unrecognized compensation cost, net of estimated forfeitures	$ 410,665
Weighted average remaining contractual terms	2 years 25 days
Award vesting period	3 years
Restricted Stock \| 2017 Management Agreement
Related Party Transaction [Line Items]
Non-vested restricted stock units (in shares)	588	613
Vested (in shares)	296
Forfeited (in shares)	0
Time Based
Related Party Transaction [Line Items]
Intrinsic value (in dollars per share)	$ 171.58	$ 115.01	103.79
Time Based \| Zelnick Media Corporation
Related Party Transaction [Line Items]
Intrinsic value (in dollars per share)	120.00	92.65	97.19
Employee Market-Based
Related Party Transaction [Line Items]
Options granted in period (in dollars per shares)	279.09	201.07	150.91
Market-based restricted shares \| Zelnick Media Corporation
Related Party Transaction [Line Items]
Options granted in period (in dollars per shares)	$ 200.34	$ 132.50	$ 119.21

STOCK-BASED COMPENSATION - 2017 Management Agreement (Details) - shares shares in Thousands	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Time-based
Stock-based compensation
Granted (in shares)	1,191
2017 Management Agreement \| Zelnick Media Corporation
Stock-based compensation
Granted (in shares)	272	316
2017 Management Agreement \| Zelnick Media Corporation \| Time-based
Stock-based compensation
Granted (in shares)	79	92
2017 Management Agreement \| Zelnick Media Corporation \| Market-based
Stock-based compensation
Granted (in shares)	145	168
2017 Management Agreement \| Zelnick Media Corporation \| Total Performance-based
Stock-based compensation
Granted (in shares)	48	56
2017 Management Agreement \| Zelnick Media Corporation \| IP
Stock-based compensation
Granted (in shares)	24	28
2017 Management Agreement \| Zelnick Media Corporation \| Recurrent Consumer Spending ("RCS")
Stock-based compensation
Granted (in shares)	24	28

STOCK-BASED COMPENSATION - Stock Activity (Details) - USD ($) $ / shares in Units, shares in Thousands	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Employee Market-Based
Weighted-average assumptions
Risk-free interest rate	0.20%	1.80%	2.60%
Expected stock price volatility	40.70%	39.40%	34.90%
Expected service period (years)	1 year 6 months	1 year 6 months	1 year 6 months
Dividends	$ 0	$ 0	$ 0
Non-Employee Market-Based
Weighted-average assumptions
Risk-free interest rate	0.20%	2.40%	2.40%
Expected stock price volatility	40.80%	39.90%	31.40%
Expected service period (years)	1 year	1 year	1 year
Dividends	$ 0	$ 0	$ 0
Time-based
Shares
Non-vested restricted stock units at the beginning of the year (in shares)	1,960
Granted (in shares)	1,191
Vested (in shares)	(925)
Forfeited (in shares)	(162)
Non-vested restricted stock units at the end of the year (in shares)	2,064	1,960
Weighted Average Fair Value on Grant Date
Non-vested restricted stock at the beginning of the year (in dollars per share)	$ 99.54
Granted (in dollars per share)	167.52
Vested (in dollars per share)	106.41
Forfeited (in dollars per share)	167.03
Non-vested restricted stock at the end of the year (in dollars per share)	$ 139.94	$ 99.54
Market-based restricted shares
Shares
Non-vested restricted stock units at the beginning of the year (in shares)	358
Granted (in shares)	367
Vested (in shares)	(395)
Forfeited (in shares)	(7)
Non-vested restricted stock units at the end of the year (in shares)	323	358
Weighted Average Fair Value on Grant Date
Non-vested restricted stock at the beginning of the year (in dollars per share)	$ 157.05
Granted (in dollars per share)	185.05
Vested (in dollars per share)	144.65
Forfeited (in dollars per share)	228.34
Non-vested restricted stock at the end of the year (in dollars per share)	$ 187.21	$ 157.05
Performance Based Awards
Shares
Non-vested restricted stock units at the beginning of the year (in shares)	3,239
Granted (in shares)	1,768
Vested (in shares)	(80)
Forfeited (in shares)	(1,328)
Non-vested restricted stock units at the end of the year (in shares)	3,599	3,239
Weighted Average Fair Value on Grant Date
Non-vested restricted stock at the beginning of the year (in dollars per share)	$ 119.97
Granted (in dollars per share)	174.47
Vested (in dollars per share)	100.36
Forfeited (in dollars per share)	176.61
Non-vested restricted stock at the end of the year (in dollars per share)	$ 150.06	$ 119.97

STOCK-BASED COMPENSATION - Employee Stock Purchase Plan (Details) - USD ($) $ / shares in Units, shares in Thousands	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Stock-based compensation
ESPP shares purchase period	6 months
2017 Global Employee Stock Purchase Plan \| Employee Stock Purchase Plan
Stock-based compensation
Risk-free interest rate	0.10%
Expected service period (years)	6 months	6 months
Dividends	$ 0	$ 0
Shares reserved for future issuance (in shares)	9,000
Shares available for issuance (in shares)	8,677
Employee payroll deduction, minimum	1.00%
Employee payroll deduction, maximum	10.00%
ESPP shares purchased by employees (in shares)	139	126
ESPP shares purchased by employees	$ 14,214,000	$ 10,515,000
Weighted-average fair value of shares purchased by employees (in dollars per share)	$ 101.81	$ 83.25
Minimum \| 2017 Global Employee Stock Purchase Plan \| Employee Stock Purchase Plan
Stock-based compensation
Risk-free interest rate		1.60%
Expected stock price volatility	33.80%	28.10%
Maximum \| 2017 Global Employee Stock Purchase Plan \| Employee Stock Purchase Plan
Stock-based compensation
Risk-free interest rate		2.40%
Expected stock price volatility	46.80%	45.60%

SHARE REPURCHASE PROGRAM (Details) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
SHARE REPURCHASE
Number of shares authorized to be repurchased (in shares)	14,218
Repurchased common stock			$ 362,392
Common Stock \| Share Repurchase Program
SHARE REPURCHASE
Repurchased common stock (in shares)	0	0	3,716
Repurchased common stock	$ 0	$ 0	$ 362,429
Commissions	$ 0	$ 0	$ 37
Shares repurchased under the share repurchase program (in shares)	10,400
Number of shares of common stock remaining available for repurchase under the entity's share repurchase authorization (in shares)	3,818

INTEREST AND OTHER, NET (Details) - USD ($) $ in Thousands	12 Months Ended
INTEREST AND OTHER, NET (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Other Income and Expenses [Abstract]
Interest income	$ 18,701	$ 47,341	$ 38,019
Interest expense	(6,207)	(2,637)	(8,032)
Foreign currency exchange gain (loss)	727	(3,589)	(505)
Other	(4,425)	(2,610)	(3,369)
Interest and other, net	$ 8,796	$ 38,505	$ 26,113

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance	$ 2,539,244	$ 2,040,580
Other comprehensive income (loss) before reclassifications	50,800	(20,273)
Amounts reclassified from accumulated other comprehensive (loss) income	(1,933)	(1,689)
Tax effect	845	775
Balance	3,331,892	2,539,244
Foreign currency translation adjustments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance	(60,535)	(33,090)
Other comprehensive income (loss) before reclassifications	51,253	(27,445)
Amounts reclassified from accumulated other comprehensive (loss) income	0	0
Tax effect	0	0
Balance	(9,282)	(60,535)
Unrealized gain (loss) on derivative instruments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance	600	600
Other comprehensive income (loss) before reclassifications	0	0
Amounts reclassified from accumulated other comprehensive (loss) income	(600)	0
Tax effect	0	0
Balance	0	600
Unrealized gain (loss) on cross-currency swap
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance	4,305	(5,285)
Other comprehensive income (loss) before reclassifications	(3,817)	10,504
Amounts reclassified from accumulated other comprehensive (loss) income	(1,333)	(1,689)
Tax effect	845	775
Balance	0	4,305
Unrealized gain (loss) on available- for-sales securities
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance	(2,746)	586
Other comprehensive income (loss) before reclassifications	3,364	(3,332)
Amounts reclassified from accumulated other comprehensive (loss) income	0	0
Tax effect	0	0
Balance	618	(2,746)
Total
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance	(58,376)	(37,189)
Balance	$ (8,664)	$ (58,376)

SUPPLEMENTARY FINANCIAL INFORMATION (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Valuation allowance for deferred income taxes
Movement in valuation and qualifying accounts
Beginning Balance	$ 86,937	$ 49,413	$ 195,640
Additions	11,525	44,703	11,850
Deductions	(2,701)	(7,179)	(107,133)
Other	0	0	(50,944)
Ending Balance	95,761	86,937	49,413
Allowance for doubtful accounts
Movement in valuation and qualifying accounts
Beginning Balance	443	995	1,247
Additions	0	0	651
Deductions	0	(547)	0
Other	(93)	(5)	(903)
Ending Balance	$ 350	$ 443	$ 995

ACQUISITIONS - Narrative (Details) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended	12 Months Ended
	Sep. 04, 2020	Mar. 31, 2021	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Business Acquisition [Line Items]
Cash			$ 102,469	$ 12,040	$ 28,149
PlayDots, Inc
Business Acquisition [Line Items]
Cash	$ 97,846
Contingent consideration	$ 13,440	$ 9,600	9,600
Contingent consideration paid		$ 3,840
Transaction costs			$ 2,553
PlayDots, Inc \| Common Stock
Business Acquisition [Line Items]
Issuance of common stock in connection with acquisition (in shares)	604

ACQUISITIONS - Acquisition (Details) - USD ($) shares in Thousands, $ in Thousands		12 Months Ended
	Sep. 04, 2020	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Business Acquisition [Line Items]
Cash		$ 102,469	$ 12,040	$ 28,149
PlayDots, Inc
Business Acquisition [Line Items]
Cash	$ 97,846
Common stock (604 shares)	97,647
Total	$ 195,493
PlayDots, Inc \| Common Stock
Business Acquisition [Line Items]
Issuance of common stock in connection with acquisition (in shares)	604

ACQUISITIONS - Asset and Liabilities Assumed (Details) - USD ($) $ in Thousands	Sep. 04, 2020	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Business Acquisition [Line Items]
Goodwill	$ 119,069	$ 535,306	$ 386,494	$ 381,717
PlayDots, Inc
Business Acquisition [Line Items]
Cash acquired	12,098
Other tangible net assets	8,206
Other liabilities assumed	(24,680)
Total	195,493
PlayDots, Inc \| Developed game technology
Business Acquisition [Line Items]
Intangible assets, excluding goodwill	$ 69,000
Weighted average useful life	6 years
PlayDots, Inc \| User base
Business Acquisition [Line Items]
Intangible assets, excluding goodwill	$ 6,200
Weighted average useful life	1 year
PlayDots, Inc \| Branding and trade names
Business Acquisition [Line Items]
Intangible assets, excluding goodwill	$ 3,400
Weighted average useful life	8 years
PlayDots, Inc \| Game engine technology
Business Acquisition [Line Items]
Intangible assets, excluding goodwill	$ 2,200
Weighted average useful life	4 years

ACQUISITIONS - Schedule of Revenue and Earnings Included in Statement of Operations (Details) - PlayDots, Inc $ in Thousands	3 Months Ended
	Mar. 31, 2021 USD ($)
Business Acquisition [Line Items]
Net revenue	$ 20,640
Net income (loss)	$ (27,407)

ACQUISITIONS - Schedule of Pro Forma Information (Details) - PlayDots, Inc - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Business Acquisition [Line Items]
Pro forma Net revenue	$ 3,392,117	$ 3,112,757
Pro forma Net income	$ 580,393	$ 370,225

Label	Element	Value
Accounting Standards Update [Extensible List]	us-gaap_AccountingStandardsUpdateExtensibleList	us-gaap:AccountingStandardsUpdate201409Member

- Definition

Indicates amendment to accounting standards.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 65
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=121370832&loc=SL117420844-207641

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 65
-Paragraph 2
-Subparagraph (g)(1)
-URI http://asc.fasb.org/extlink&oid=121370832&loc=SL117420844-207641

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 65
-Paragraph 15
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=121322162&loc=SL121327923-165333

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 10
-Section 65
-Paragraph 4
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121646688&loc=SL121648383-210437

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 65
-Paragraph 15
-Subparagraph (f)(1)
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+ Details