v3.26.1
Segment Reporting (Tables)
 12 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Adjusted EBITDA by Segment
The following table sets forth Adjusted EBITDA by segment:
Year Ended March 31,
202620252024
Adjusted EBITDA:
K-12$284,964 $305,333 $291,366 
Higher Education389,826 350,862 290,231 
Global Professional45,597 45,105 43,402 
International21,911 35,742 30,926 
Other1,966 (10,252)693 
Total Adjusted EBITDA
$744,264 $726,790 $656,618 
Schedule of Reconciliation of Adjusted EBITDA to Net Income (Loss)
The following table provides a reconciliation of total Adjusted EBITDA to Net income (loss):
Year Ended March 31,
202620252024
Total Adjusted EBITDA$744,264 $726,790 $656,618 
Interest (expense) income, net(207,226)(293,446)(326,438)
Income tax benefit (provision)(8,468)(96,481)(25,294)
Depreciation, amortization and product development amortization(361,918)(362,357)(366,381)
Restructuring and cost savings implementation charges(11,176)(24,626)(32,548)
Advisory fees(3,125)(10,000)(10,000)
Impairment charge(39,000)— (49,500)
Purchase accounting— — (18,101)
Transaction and integration costs(1,191)(2,982)(8,205)
Stock-based compensation(33,723)— — 
Gain (loss) on extinguishment of debt(25,766)(2,719)3,415 
Other(17,351)(20,018)(16,585)
Net income (loss)
$35,320 $(85,839)$(193,019)
Schedule of Revenue and Long-lived Assets by Geographic Region
The following tables summarizes revenue and long-lived assets by geographic region:
Revenue (1)
Year Ended March 31,
202620252024
United States$1,911,645 $1,896,464 $1,754,823 
International191,136 204,835 205,655 
Total
$2,102,781 $2,101,299 $1,960,478 
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(1)Revenues are attributed to a geographic region based on the location of customer.
Long-Lived Assets (2)
As of March 31,
20262025
United States$714,551 $646,104 
International33,504 31,773 
Total
$748,055 $677,877 
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(2)Reflects total assets less current assets, goodwill, intangible assets, investments, deferred financing costs and non-current deferred tax assets.
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