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Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Dec. 31, 2013	Jan. 29, 2014
Entity Registrant Name	Booz Allen Hamilton Holding Corp
Entity Central Index Key	0001443646
Document Type	10-Q
Document Period End Date	Dec. 31, 2013
Amendment Flag	false
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--03-31
Entity Filer Category	Accelerated Filer
Common stock, Class A
Entity Common Stock, Shares Outstanding		142,644,028
Non-voting common stock, Class B
Entity Common Stock, Shares Outstanding		893,265
Restricted common stock, Class C
Entity Common Stock, Shares Outstanding		955,336
Special voting common stock, Class E
Entity Common Stock, Shares Outstanding		4,424,814

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2013	Mar. 31, 2013
Current assets:
Cash and cash equivalents	$ 403,164	$ 350,384
Accounts receivable, net of allowance	886,260	1,029,586
Prepaid expenses and other current assets	58,668	44,382
Total current assets	1,348,092	1,424,352
Property and equipment, net of accumulated depreciation	134,990	166,570
Intangible assets, net of accumulated amortization	224,628	236,220
Goodwill	1,274,046	1,277,369
Other long-term assets	68,377	73,017
Total assets	3,050,133	3,177,528
Current liabilities:
Current portion of long-term debt	69,156	55,562
Accounts payable and other accrued expenses	433,506	451,065
Accrued compensation and benefits	374,593	385,433
Other current liabilities	22,388	72,586
Total current liabilities	899,643	964,646
Long-term debt, net of current portion	1,605,341	1,659,611
Other long-term liabilities	266,461	326,478
Total liabilities	2,771,445	2,950,735
Commitments and contingencies (Note 16)
Stockholders’ equity:
Treasury stock, at cost — 574,447 shares at December 31, 2013 and 405,843 shares at March 31, 2013	(9,379)	(6,444)
Additional paid-in capital	175,199	120,836
Retained earnings	123,240	124,775
Accumulated other comprehensive loss	(11,835)	(13,787)
Total stockholders’ equity	278,688	226,793
Total liabilities and stockholders’ equity	3,050,133	3,177,528
Common stock, Class A
Stockholders’ equity:
Common stock	1,431	1,364
Non-voting common stock, Class B
Stockholders’ equity:
Common stock	9	15
Restricted common stock, Class C
Stockholders’ equity:
Common stock	10	12
Special voting common stock, Class E
Stockholders’ equity:
Common stock	$ 13	$ 22

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2013	Mar. 31, 2013
Treasury stock, shares	574,447	405,843
Common stock, Class A
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	600,000,000	600,000,000
Common stock, shares issued	143,162,505	136,457,444
Common stock, shares outstanding	142,588,058	136,051,601
Non-voting common stock, Class B
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	16,000,000	16,000,000
Common stock, shares issued	943,265	1,451,600
Common stock, shares outstanding	943,265	1,451,600
Restricted common stock, Class C
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	5,000,000	5,000,000
Common stock, shares issued	955,336	1,224,319
Common stock, shares outstanding	955,336	1,224,319
Special voting common stock, Class E
Common stock, par value	$ 0.003	$ 0.003
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares issued	4,424,814	7,478,522
Common stock, shares outstanding	4,424,814	7,478,588

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Revenue	$ 1,273,150	$ 1,392,695	$ 4,078,861	$ 4,212,769
Operating costs and expenses:
Cost of revenue	662,053	692,920	2,048,663	2,122,356
Billable expenses	320,370	382,520	1,083,890	1,114,424
General and administrative expenses	175,748	182,532	520,557	588,385
Depreciation and amortization	17,945	18,127	54,377	54,243
Total operating costs and expenses	1,176,116	1,276,099	3,707,487	3,879,408
Operating income	97,034	116,596	371,374	333,361
Interest expense	(18,874)	(21,731)	(59,761)	(50,788)
Other, net	21	134	(1,619)	(7,692)
Income before income taxes	78,181	94,999	309,994	274,881
Income tax expense	31,014	38,815	124,701	110,636
Net income	$ 47,167	$ 56,184	$ 185,293	$ 164,245
Earnings per common share (Note 3):
Basic (in dollars per share)	$ 0.32	$ 0.41	$ 1.31	$ 1.16
Diluted (in dollars per share)	0.31	0.38	1.24	1.08
Dividends declared per share	$ 1.10	$ 0.09	$ 1.30	$ 8.27

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Statement of Comprehensive Income [Abstract]
Net income	$ 47,167	$ 56,184	$ 185,293	$ 164,245
Change in postretirement plan costs, net of tax	419	(76)	1,952	404
Comprehensive income	$ 47,586	$ 56,108	$ 187,245	$ 164,649

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Cash flows from operating activities
Net income	$ 185,293	$ 164,245
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	54,377	54,243
Stock-based compensation expense	14,119	19,863
Excess tax benefits from the exercise of stock options	(36,844)	(26,297)
Amortization of debt issuance costs and loss on extinguishment	9,444	15,296
Losses on dispositions and impairments	911	956
Gain on sales of businesses	0	254
Changes in assets and liabilities:
Accounts receivable	140,785	174,424
Prepaid expenses and other current assets	19,963	26,673
Other long-term assets	(1,679)	8,252
Accrued compensation and benefits	(25,824)	(1,805)
Accounts payable and other accrued expenses	(15,619)	(54,913)
Transaction costs on acquisitions and dispositions	0	(4,417)
Accrued interest	(630)	6,056
Other current liabilities	(48,610)	13,821
Other long-term liabilities	(3,352)	2,791
Net cash provided by operating activities	292,334	398,934
Cash flows from investing activities
Purchases of property and equipment	(12,344)	(20,657)
Cash paid for business acquisitions, net of cash acquired	(3,563)	157,995
Proceeds from sales of businesses	0	625
Escrow payments	3,282	0
Net cash used in investing activities	(5,499)	(178,027)
Cash flows from financing activities
Net proceeds from issuance of common stock	3,785	4,928
Stock option exercises	12,773	13,185
Excess tax benefits from the exercise of stock options	36,844	26,297
Repurchases of common stock	(2,935)	(849)
Cash dividends paid	(186,828)	(1,110,011)
Dividend equivalents paid to option holders	(52,065)	(49,765)
Debt issuance costs	(6,223)	(29,607)
Repayment of debt	(289,406)	(981,625)
Proceeds from debt issuance	250,000	1,739,750
Net cash used in financing activities	(234,055)	(387,697)
Net increase in cash and cash equivalents	52,780	(166,790)
Cash and cash equivalents-beginning of period	350,384	484,368
Cash and cash equivalents-end of period	403,164	317,578
Cash paid during the period for:
Interest	46,927	35,036
Income taxes	$ 140,893	$ 79,352

Business Overview	9 Months Ended
Business Overview	Dec. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BUSINESS OVERVIEW	BUSINESS OVERVIEW Organization Booz Allen Hamilton Holding Corporation, including its wholly owned subsidiaries, or Holding or the Company, is an affiliate of The Carlyle Group, or Carlyle, and was incorporated in Delaware in May 2008. The Company provides management and technology consulting services primarily to the U.S. government in the defense, intelligence, and civil markets. The Company is also further developing the scope and scale of the engineering services capabilities that it provides to its U.S. government clients. The Company has expanded beyond its management consulting foundation to develop deep expertise in technology, engineering, and analytics. The Company reports operating results and financial data in one operating segment. The Company is headquartered in McLean, Virginia, with approximately 22,700 employees as of December 31, 2013.

Basis of Presentation	9 Months Ended
Basis of Presentation	Dec. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION The Company prepared the unaudited condensed consolidated financial statements in this Quarterly Report on Form 10-Q, or Quarterly Report, in accordance with accounting principles generally accepted in the United States, or GAAP, for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. As a result, certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted. The Company followed the accounting policies used and disclosed in the consolidated financial statements included in the Annual Report on Form 10-K for the fiscal year ended March 31, 2013 filed with the Securities and Exchange Commission on May 23, 2013, or Annual Report, and policies stated within this Quarterly Report. The Company’s fiscal year ends on March 31 and unless otherwise noted, references to fiscal year or fiscal are for fiscal years ended March 31. The interim financial information in this Quarterly Report reflects all adjustments, consisting of normal recurring adjustments except as otherwise disclosed, necessary for a fair presentation of the Company’s results of operations for the interim periods. The results of operations for the nine months ended December 31, 2013 are not necessarily indicative of results to be expected for the full fiscal year. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting periods. Areas of the financial statements where estimates may have the most significant effect include allowance for doubtful accounts, contractual and regulatory reserves, valuation and lives of tangible and intangible assets, impairment of long-lived assets, accrued liabilities, revenue recognition, bonus and other incentive compensation, stock-based compensation, realization of deferred tax assets, provisions for income taxes, and postretirement obligations. Actual results experienced by the Company may differ materially from management's estimates. Recent Accounting Pronouncements Recent accounting pronouncements issued by the Financial Accounting Standards Board, or FASB, during the nine months ended December 31, 2013, and through the filing date did not or are not believed by management to have a material impact on the Company's present or historical condensed consolidated financial statements.

- Definition

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

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+ Details

Earnings Per Share

9 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

EARNINGS PER SHARE

The Company computes basic and diluted earnings per share amounts based on net income for the periods presented. The Company uses the weighted average number of common shares outstanding during the period to calculate basic earnings per share, or EPS. Diluted EPS adjusts the weighted average number of shares outstanding to include the dilutive effect of outstanding common stock options and other stock-based awards.

The Company currently has outstanding shares of Class A Common Stock, Class B Non-Voting Common Stock, Class C Restricted Common Stock, and Class E Special Voting Common Stock. Class E Special Voting Common Stock shares are not included in the calculation of EPS as these shares represent voting rights only and are not entitled to participate in dividends or other distributions. Unvested Class A Restricted Common Stock and unvested Class C Restricted Common Stock holders are entitled to participate in non-forfeitable dividends or other distributions. These unvested shares participated in the Company's dividends declared and paid in the first, second, and third quarters of fiscal 2014 and 2013. As such, EPS is calculated using the two-class method whereby earnings are reduced by distributed earnings as well as any available undistributed earnings allocable to restricted shareholders. A reconciliation of the income used to compute basic and diluted EPS for the periods presented are as follows:



	Three Months Ended December 31,				Nine Months Ended December 31,
	2013		2012		2013		2012
Earnings for basic computations (1)	$	45,689	$	55,709	$	183,605	$	155,285
Weighted-average Class A Common Stock outstanding	140,948,396		132,125,447		138,540,878		129,902,993
Weighted-average Class B Non-Voting Common Stock outstanding	947,259		1,932,004		1,087,755		2,281,000
Weighted-average Class C Restricted Common Stock outstanding	968,405		1,215,102		1,042,537		1,311,015
Total weighted-average common shares outstanding for basic computations	142,864,060		135,272,553		140,671,170		133,495,008
Earnings for diluted computations (1)	$	45,689	$	55,734	$	183,605	$	155,285
Dilutive stock options and restricted stock	5,971,223		9,790,962		7,494,020		10,621,049
Average number of common shares outstanding for diluted computations	148,835,283		145,063,515		148,165,190		144,116,057
Earnings per common share
Basic	$	0.32	$	0.41	$	1.31	$	1.16
Diluted	$	0.31	$	0.38	$	1.24	$	1.08

(1) During the three months ended December 31, 2013 and 2012, approximately 1.3 million and 1.2 million participating securities were paid dividends totaling $1.5 million and $104,000, respectively. During the nine months ended December 31, 2013 and 2012, approximately 1.3 million and 1.2 million participating securities were paid dividends totaling $1.7 million and $9.0 million, respectively. For the three months ended December 31, 2012 there were undistributed earnings of $371,000 and $346,000 allocated to the participating class of securities in basic and diluted earnings per share, respectively. The undistributed and distributed earnings referenced above comprise the difference from net income presented on the condensed consolidated statements of operations for the three months ended December 31, 2012, while only the dividends paid comprise the difference in net income for the three and nine months ended December 31, 2013 and the nine months ended December 31, 2012, as there were no excess undistributed earnings.

In the EPS calculation for the three and nine months ended December 31, 2013, 101,000 and 104,000 options respectively, were not included in the EPS calculation as their impact was anti-dilutive. For the three and nine months ended December 31, 2012, 782,000 and 328,000 options, respectively, were not included in the EPS calculation as their impact was anti-dilutive.

Accounts Receivable, Net

9 Months Ended

Dec. 31, 2013

Receivables [Abstract]

ACCOUNTS RECEIVABLE, NET

Accounts receivable, net consisted of the following:



	December 31, 2013			March 31, 2013
Current
Accounts receivable–billed	$	452,478		$	431,770
Accounts receivable–unbilled	435,465			598,004
Allowance for doubtful accounts	(1,683		)	(188		)
Accounts receivable, net	886,260			1,029,586
Long-term
Unbilled receivables	21,443			19,779
Total accounts receivable, net	$	907,703		$	1,049,365

The Company recognized a provision (benefit) for doubtful accounts of $(302,000) and $(497,000) for the three months ended December 31, 2013 and 2012, respectively, and $1.2 million and $349,000 for the nine months ended December 31, 2013 and 2012, respectively. Long-term unbilled receivables related to retainage, holdbacks, and long-term rate settlements to be billed at contract closeout are included in other long-term assets as accounts receivable in the accompanying condensed consolidated balance sheets.

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References + Details

Accounts Payable and Other Accrued Expenses

9 Months Ended

Dec. 31, 2013

Payables and Accruals [Abstract]

ACCOUNTS PAYABLE AND OTHER ACCRUED EXPENSES

Accounts payable and other accrued expenses consisted of the following:



	December 31, 2013		March 31, 2013
Vendor payables	$	214,643	$	248,471
Accrued expenses	218,863		202,594
Total accounts payable and other accrued expenses	$	433,506	$	451,065

Accrued expenses consisted primarily of the Company’s reserve related to potential cost disallowance in conjunction with government audits. Refer to Note 16 for further discussion of this reserve.

Accrued Compensation and Benefits

9 Months Ended

Dec. 31, 2013

Accrued Compensation and Benefits [Abstract]

ACCRUED COMPENSATION AND BENEFITS

Accrued compensation and benefits consisted of the following:



	December 31, 2013		March 31, 2013
Bonus	$	60,645	$	89,389
Retirement	118,079		83,071
Vacation	102,848		136,528
Stock-based compensation liability (Note 13)	36,018		48,468
Deferred compensation (1)	27,433		—
Other	29,570		27,977
Total accrued compensation and benefits	$	374,593	$	385,433

(1) The Company maintains a deferred compensation plan, or EPP, established in January 2009, for the benefit of certain employees. The EPP allows eligible participants to defer all or a portion of their annual performance bonus, reduced by amounts withheld for the payment of taxes or other deductions required by law. The Company makes no contributions to the EPP, but maintains participant accounts for deferred amounts and interest earned. Employees must leave the money in the EPP until 2014. The deferred balance generally will be paid within 180 days of the final determination of the interest to be accrued for 2014, upon retirement, or termination. The Company anticipates the deferred balance will be paid during the three months ending December 31, 2014, and as such, the entire deferred compensation balance of $27.4 million as of December 31, 2013 was reclassified from other long-term liabilities to a component of accrued compensation and benefits.

Debt

9 Months Ended

Dec. 31, 2013

Debt Disclosure [Abstract]

DEBT

Debt consisted of the following:



	December 31, 2013					March 31, 2013
	Interest Rate		Outstanding Balance			Interest Rate		Outstanding Balance
Term Loan A	2.67	%	$	673,801		2.70	%	$	706,134
Term Loan B	3.75	%	1,000,696			4.50	%	1,009,039
Total			1,674,497					1,715,173
Less: Current portion of long-term debt			(69,156		)			(55,562		)
Long-term debt, net of current portion			$	1,605,341				$	1,659,611

On August 16, 2013, the Company consummated the First Amendment to its senior secured credit agreement, effective July 31, 2012, or Credit Agreement. As of December 31, 2013, the Credit Agreement, as amended, provided the Company with a $725.0 million Term Loan A and a $1,025.0 million Term Loan B, and a $500.0 million revolving credit facility, with a sublimit for letters of credit of $100.0 million. The outstanding obligations under the Credit Agreement, as amended, are secured by a security interest in substantially all of the assets of the Company, subject to certain exceptions set forth in the Credit Agreement, as amended, and related documentation.

The Credit Agreement, as amended, requires quarterly principal payments of 1.25% of the stated principal amount of Term Loan A, with annual incremental increases to 1.875%, 2.50%, 3.125%, and 13.0%, prior to Term Loan A's maturity date of December 31, 2017, and 0.25% of the stated principal amount of Term Loan B, with the remaining balance payable on Term Loan B's maturity date of July 31, 2019. The revolving credit facility matures on December 31, 2017, at which time any outstanding principal balance is due in full. As of December 31, 2013 and March 31, 2013, there were no amounts outstanding on the revolving credit facility.

The interest rate on borrowings under Term Loan A is LIBOR plus a 2.50% spread. The spread ranges from 2.00% to 2.75% based on the Company's total leverage ratio. The interest rate on borrowings under Term Loan B is LIBOR plus a 3.0% spread with a 0.75% floor. The spread ranges from 2.00% to 3.00% based upon either an ABR or LIBOR borrowing. The revolving credit facility margin and commitment fee are subject to the leveraged based pricing grid, as set forth in the Credit Agreement, as amended.

The total outstanding debt balance is recorded in the accompanying condensed consolidated balance sheets, net of unamortized discount of $12.8 million and $11.6 million as of December 31, 2013 and March 31, 2013, respectively.

As of December 31, 2013 and March 31, 2013, the Company was in compliance with all of the debt covenants of the Credit Agreement, as amended.

Income Taxes	9 Months Ended
Income Taxes	Dec. 31, 2013
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company’s effective income tax rate was 39.7% and 40.9% for the three months ended December 31, 2013 and 2012, respectively, and 40.2% for the nine months ended December 31, 2013 and 2012, respectively. The three and nine months effective tax rates of 39.7% and 40.2% differ from the statutory rate of 35.0% due to state income taxes, changes in uncertain tax positions, and the effect of permanent rate differences, which primarily relate to meals and entertainment.

Other Long-Term Liabilities

9 Months Ended

Dec. 31, 2013

Other Liabilities Disclosure [Abstract]

OTHER LONG-TERM LIABILITIES

Other long-term liabilities consisted of the following:



	December 31, 2013		March 31, 2013
Income tax reserve	$	57,927	$	57,018
Deferred rent	29,548		40,548
Deferred compensation (1)	—		26,443
Stock-based compensation	24,118		50,625
Deferred payment obligation	60,701		61,473
Postretirement benefit obligations	88,005		83,761
Other	6,162		6,610
Total other long-term liabilities	$	266,461	$	326,478

(1) As disclosed in Note 6, the Company anticipates paying the entire deferred compensation balance of the EPP during the three months ending December 31, 2014, and as such, the entire deferred compensation balance was reclassified from other long-term liabilities to accrued compensation and benefits.

Employee Benefit Plans

9 Months Ended

Dec. 31, 2013

Compensation and Retirement Disclosure [Abstract]

EMPLOYEE BENEFIT PLANS

Defined Contribution Plan

The Company sponsors the Employees’ Capital Accumulation Plan, or ECAP, which is a qualified defined contribution plan that covers eligible U.S. and international employees. ECAP provides for distributions, subject to certain vesting provisions, to participants by reason of retirement, death, disability, or termination of employment. Total expense recognized under ECAP was $36.4 million and $54.9 million for the three months ended December 31, 2013 and 2012, respectively, and $118.7 million and $173.7 million for the nine months ended December 31, 2013 and 2012, respectively. The Company-paid contributions were $19.3 million and $27.8 million for the three months ended December 31, 2013 and 2012, respectively, and $83.7 million and $99.1 million for the nine months ended December 31, 2013 and 2012, respectively.

Defined Benefit Plan and Other Postretirement Benefit Plans

The Company maintains and administers a postretirement medical plan and a defined benefit retirement plan for current, retired, and resigned officers.

The components of net postretirement medical expense for the Officer Medical Plan were as follows:



	Three Months Ended December 31,				Nine Months Ended December 31,
	2013		2012		2013		2012
Service cost	$	1,186	$	973	$	3,559	$	2,919
Interest cost	921		787		2,751		2,360
Net actuarial loss	704		384		2,068		1,153
Total postretirement medical expense	$	2,811	$	2,144	$	8,378	$	6,432

As of December 31, 2013 and March 31, 2013, the unfunded status of the postretirement medical plan was $83.0 million and $78.7 million, respectively, which is included in other long-term liabilities in the accompanying condensed consolidated balance sheets.

Accumulated Other Comprehensive Loss

9 Months Ended

Dec. 31, 2013

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE LOSS

All amounts recorded in other comprehensive loss are related to the Company's pension plan. The following table represents a rollforward of amounts recognized in accumulated other comprehensive loss, net of tax:



	Three Months Ended December 31,						Nine Months Ended December 31,
	2013			2012			2013			2012
Beginning of year	$	(12,254	)	$	(8,235	)	$	(13,787	)	$	(8,715	)
Other comprehensive income (loss) before reclassifications	—			—			747			(282		)
Amounts reclassified from accumulated other comprehensive loss	419			(76		)	1,205			686
Net current-period other comprehensive income (loss)	419			(76		)	1,952			404
End of year	$	(11,835	)	$	(8,311	)	$	(11,835	)	$	(8,311	)

The following table presents the reclassifications out of accumulated other comprehensive loss to net income:



	Three Months Ended December 31,						Nine Months Ended December 31,
	2013			2012			2013			2012
Amortization of net actuarial loss included in net periodic benefit cost (See Note 10)
Total before tax	$	704		$	381		$	2,068		$	1,143
Tax benefit	(285		)	(457		)	(863		)	(457		)
Net of tax	$	419		$	(76	)	$	1,205		$	686

- Definition

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

+ References

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-Section 45
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-Name Accounting Standards Codification
-Glossary Reclassification Adjustments
-URI http://asc.fasb.org/extlink&oid=6522872

+ Details

Stockholders' Equity

9 Months Ended

Dec. 31, 2013

Equity [Abstract]

STOCKHOLDERS' EQUITY

STOCKHOLDERS’ EQUITY

Common Stock

The common stock shares activity consisted of the following:



	Class A Common Stock	Class B Non-Voting Common Stock	Class C Restricted Common Stock	Class E Special Voting Common Stock	Treasury Stock
Balance at March 31, 2012	128,726,324	2,487,125	1,533,020	10,140,067	333,775
Issuance of common stock	1,182,004	0	0	0	0
Stock options exercised	5,204,890	0	0	(2,661,545)	0
Share exchange	1,344,226	(1,035,525)	(308,701)	0	0
Repurchase of common stock (1)	0	0	0	0	72,068
Balance at March 31, 2013	136,457,444	1,451,600	1,224,319	7,478,522	405,843
Issuance of common stock	985,308	0	0	0	0
Stock options exercised	4,942,435	0	0	(3,053,708)	0
Share exchange	777,318	(508,335)	(268,983)	0	0
Repurchase of common stock (2)	0	0	0	0	168,604
Balance at December 31, 2013	143,162,505	943,265	955,336	4,424,814	574,447


(1)	Reflects shares repurchased on July 2, 2012 to cover the withholding taxes on restricted stock awards that vested on June 30, 2012.


(2)	Reflects shares repurchased on June 30, 2013 to cover the withholding taxes on restricted stock awards that vested on June 30, 2013 and shares repurchased on multiple dates for the withholding taxes on accelerated restricted stock vesting for departing officers.

For the quarterly offering period that closed on December 31, 2013, 68,218 Class A Common Stock shares were purchased by employees under the Company's Employee Stock Purchase Plan, or ESPP. As of the program's inception, 1,233,218 shares have been purchased by employees.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-Subparagraph (SX 210.4-08.(d),(e))
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Reference 19: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Stock-Based Compensation

9 Months Ended

Dec. 31, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

STOCK-BASED COMPENSATION

The following table summarizes stock-based compensation expense recognized in the condensed consolidated statements of operations:



	Three Months Ended December 31,				Nine Months Ended December 31,
	2013		2012		2013		2012
Cost of revenue	$	1,322	$	1,548	$	3,982	$	5,643
General and administrative expenses	3,456		3,948		10,137		14,220
Total	$	4,778	$	5,496	$	14,119	$	19,863

The following table summarizes the total stock-based compensation expense recognized in the condensed consolidated statements of operations by the following types of equity awards:



	Three Months Ended December 31,				Nine Months Ended December 31,
	2013		2012		2013		2012
Class C Restricted Stock	$	—	$	59	$	59	$	252
Rollover Options	—		578		578		2,393
Equity Incentive Plan Options	1,790		2,609		4,741		11,153
Class A Restricted Common Stock	2,988		2,250		8,741		6,065
Total	$	4,778	$	5,496	$	14,119	$	19,863

As of December 31, 2013, there was $21.4 million of total unrecognized compensation cost related to unvested stock-based compensation agreements. The unrecognized compensation cost as of December 31, 2013 is expected to be amortized over 4.5 years. Absent the effect of accelerating stock compensation cost for any departures of employees who may continue to vest in their equity awards, the following table summarizes the unrecognized compensation cost and the weighted average period the cost is expected to be amortized.



	December 31, 2013
	Unrecognized Compensation Cost		Weighted Average Remaining Period to be Recognized
Equity Incentive Plan Options	$	9,824	3.23
Class A Restricted Common Stock	11,586		2.22
Total	$	21,410

Amended and Restated Equity Incentive Plan

On November 21, 2013 151,362 options were granted under the Amended and Restated Equity Incentive Plan, or EIP. The estimated fair value of our Class A Common Stock on November 21, 2013 at the time of the option grant, was $17.67.

As of December 31, 2013, there were 7,388,795 EIP options outstanding, of which 3,441,322 were unvested.

Grants of Class A Restricted Common Stock

On July 1, 2013, the Board of Directors granted 744,926 shares of Class A Restricted Stock in conjunction with the Annual Incentive Plan adopted on October 1, 2010. The amount of the annual incentive payment was determined based on performance targets established by the Compensation Committee and a portion of the bonus was paid in the form of Class A Restricted Stock. Equity awards will vest based on the passage of time, subject to the officer’s continued employment by the Company. The portion to be paid in the form of equity will be recognized in the accompanying condensed consolidated statements of operations based on grant date fair value over the vesting period of 3 years and the aggregate value was estimated at $13.1 million based on the stock price of $17.57 on the grant date. On August 21, 2013, the Board of Directors granted 25,705 shares of Class A Restricted Stock to certain members of the Board of Directors.

As permitted under the terms of the EIP, the Compensation Committee as Administrator of the EIP, authorized the withholding of taxes not to exceed the minimum statutory withholding amount, through the surrender of shares of Class A Common Stock issuable upon the vesting or accelerated vesting of Class A Restricted Common Stock. For those holders who elected to participate, the trade date was October 7, 2013 for the vesting or accelerated vesting of the Class A Restricted Common Stock. As a result of this transaction the Company repurchased 4,162 shares at $18.59 and recorded them as treasury shares at a cost of $77,372.

Special Dividends

The Board of Directors, as the Administrator of the Officers' Rollover Stock Plan and the EIP, has the discretion in how to effect the required adjustment to keep option holders whole in the event of a distribution of dividends that triggers certain anti-dilution clauses within the respective plans. In the event the Board of Directors elects to grant option holders a cash payment equal to the amount of the special dividend, the Company accrues a stock-based compensation liability as the respective option's stock compensation expense is recorded in the condensed consolidated statement of operations. This obligation will be settled on the options' mandatory exercise date for Rollover options and on the later of the date the dividend is paid or vesting for the EIP options.

On October 29, 2013, our Board of Directors authorized and declared a special cash dividend of $1.00 per share and a regular quarterly cash dividend in the amount of $0.10 per share. Both the quarterly and special dividend were paid on November 29, 2013 to stockholders of record on November 11, 2013. The Compensation Committee, as the Administrator of the Officers' Rollover Stock Plan and the EIP, made a required adjustment to the outstanding options under each plan by granting holders of the Rollover options a cash payment equal to the amount of the special dividend on the options' mandatory exercise date and by granting the holders of EIP options a dividend equivalent equal to the special dividend and payable on November 29, 2013 or the vesting of the EIP option, whichever is later.

Total compensation expense recorded in conjunction with the payment of the dividend equivalents to holders of

unvested EIP options for the three and nine months ended December 31, 2013 was $873,000 and $1.1 million, respectively. Future compensation expense related to the payment of the dividend equivalents to holders of EIP options not yet recognized in the statement of operations is $1.0 million and is expected to be recognized over 3.5 years.

As of December 31, 2013 and March 31, 2013, the Company calculated a total recorded and unrecorded stock-based compensation liability of $65.3 million and $106.4 million, respectively, related to the special dividends paid in July 2009, December 2009, June 2012, August 2012, and November 2013. The total recorded stock-based compensation liability as of December 31, 2013 and March 31, 2013 is as follows:



	December 31, 2013						March 31, 2013
	EIP Options		Rollover Options		Total		EIP Options		Rollover Options		Total
Current portion of liability (1)	$	2,348	$	33,670	$	36,018	$	14,429	$	34,039	$	48,468
Long-term portion of liability (2)	—		24,118		24,118		—		50,625		50,625
	$	2,348	$	57,788	$	60,136	$	14,429	$	84,664	$	99,093

(1) Included in accrued compensation and benefits (Note 6).

(2) Included in other long-term liabilities.

As of December 31, 2013, $5.2 million related to EIP options will be recorded as liabilities as the related compensation expense is recognized over the next 4.5 years. There is no unrecorded liability related to Rollover options as of December 31, 2013. As of March 31, 2013, there were unrecognized liabilities of $2.8 million and $4.5 million related to Rollover options and EIP options, respectively.

Financial Instruments

9 Months Ended

Dec. 31, 2013

Fair Value Disclosures [Abstract]

FINANCIAL INSTRUMENTS

The accounting standard for fair value measurements establishes a three-tier value hierarchy, which prioritizes the inputs used in measuring fair value as follows: observable inputs such as quoted prices in active markets (Level 1); inputs other than quoted prices in active markets that are observable either directly or indirectly (Level 2); and unobservable inputs in which there is little or no market data, which requires the Company to develop its own assumptions (Level 3).

A financial instrument's level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The following tables set forth by level represent the fair value of the Company's cash and cash equivalents as of December 31, 2013.



	Fair Value of Cash and Cash Equivalents as of December 31, 2013
	Level 1	Level 2	Level 3	Total
Cash and cash equivalents	$91,004	—	—	$91,004
Money market funds (1)	—	$312,160	—	$312,160
Total cash and cash equivalents	$91,004	$312,160	—	$403,164

(1) Level two cash and cash equivalents are invested in money market funds that are intended to maintain a stable net asset value of $1.00 per share by investing in liquid, high quality U.S. dollar-denominated money market instruments.

The fair value of the Company's trade accounts receivable and accounts payable approximates its carrying value at December 31, 2013 and March 31, 2013 because of the short-term nature of these instruments. The fair value of the Company's debt instruments approximates its carrying value at December 31, 2013 and March 31, 2013. The fair value of debt is determined based on interest rates available for debt with terms and maturities similar to the Company's existing debt arrangements (Level 2 inputs).

- 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

Related-Party Transactions	9 Months Ended
Related-Party Transactions	Dec. 31, 2013
Related Party Transactions [Abstract]
RELATED-PARTY TRANSACTIONS	RELATED-PARTY TRANSACTIONS The Company is an affiliate of Carlyle, and from time to time, and in the ordinary course of business: (1) other Carlyle portfolio companies engage the Company as a subcontractor or service provider, and (2) the Company engages other Carlyle portfolio companies as subcontractors or service providers. Revenue and cost associated with these related parties for the three months ended December 31, 2013 were $70,000 and $61,000, respectively, and $237,000 and $201,000 for the nine months ended December 31, 2013, respectively. Revenue and cost associated with these related parties for the three months ended December 31, 2012 were $78,000 and $58,000, respectively, and $423,000 and $386,000 for the nine months ended December 31, 2012, respectively. On July 31, 2008, the Company entered into a management agreement, or Management Agreement, with TC Group V US, L.L.C., or TC Group, a company affiliated with Carlyle. In accordance with the Management Agreement, TC Group provides the Company with advisory, consulting, and other services and the Company pays TC Group an aggregate annual fee of $1.0 million, plus expenses. For the three months ended December 31, 2013 and 2012, the Company incurred $250,000 in advisory fees. For the nine months ended December 31, 2013 and 2012, the Company incurred $750,000 in advisory fees.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Leases As a result of the July 2008 acquisition, as described in the Company’s Annual Report, the Company assigned a total of nine leases to Booz & Co. The facilities are located in New York, New York; Troy, Michigan; Florham Park, New Jersey; Parsippany, New Jersey; Houston, Texas; Chicago, Illinois; Cleveland, Ohio; Dallas, Texas; and London, England. Except for the Florham Park, Parsippany, Troy, Houston, Cleveland and Dallas leases, which expired, the Company remains liable under the terms of the original leases should Booz & Co. default on its obligations. There were no events of default under these leases as of December 31, 2013 or March 31, 2013. The maximum potential amount of undiscounted future payments is $17.3 million, and the leases expire at different dates between April 2014 and March 2017. Based on the Company’s assessment of the likelihood of future payment, no amounts have been recorded related to the Company’s contingent liability on such leases. Government Contracting Matters For the three and nine months ended December 31, 2013 approximately 98% of the Company’s revenue was generated from contracts with U.S. government agencies or other U.S. government contractors, and approximately 99% for the three and nine months ended December 31, 2012. Contracts with the U.S. government are subject to extensive legal and regulatory requirements and, from time to time and in the ordinary course of business, agencies of the U.S. government investigate whether the Company’s operations are conducted in accordance with these requirements and the terms of the relevant contracts by using investigative techniques such as subpoenas or civil investigative demands. U.S. government investigations of the Company, whether related to the Company’s U.S. government contracts or conducted for other reasons, could result in administrative, civil, or criminal liabilities, including repayments, fines, or penalties being imposed upon the Company, or could lead to suspension or debarment from future U.S. government contracting. Management believes it has adequately reserved for any losses that may be experienced from any investigation of which it is aware. The Defense Contract Management Agency Administrative Contracting Officer has negotiated annual final indirect cost rates through fiscal year 2007. Audits of subsequent years may result in cost reductions and/or penalties. Management believes it has adequately reserved for any losses that may be experienced from any such reductions and/or penalties. As of December 31, 2013 and March 31, 2013, the Company has recorded a liability of approximately $184.5 million and $156.2 million, respectively, for its current best estimate of amounts to be refunded to customers for potential adjustments from such audits or reviews of contract costs incurred subsequent to fiscal year 2007. Litigation The Company is involved in legal proceedings and investigations arising in the ordinary course of business, including those relating to employment matters, relationships with clients and contractors, intellectual property disputes, and other business matters. These legal proceedings seek various remedies, including claims for monetary damages in varying amounts that currently range up to $40 million or are unspecified as to amount. Although the outcome of any such matter is inherently uncertain and may be materially adverse, based on current information, management does not expect any of the currently ongoing audits, reviews, investigations, or litigation to have a material adverse effect on the Company’s financial condition and results of operations. As of December 31, 2013, there are no material amounts accrued in the condensed consolidated financial statements related to these proceedings. Six former officers and stockholders who had departed the firm prior to July 31, 2008, the date on which we became majority owned by Carlyle and certain of its affiliated investment funds, as described in the Company’s Annual Report, or the Acquisition, have filed a total of nine suits in various jurisdictions, with original filing dates ranging from July 3, 2008 through December 15, 2009 (three of which were amended on July 2, 2010 and then further amended into one consolidated complaint on September 7, 2010) against the Company and certain of the Company’s current and former directors and officers. Each of the suits arises out of the Acquisition and alleges that the former stockholders are entitled to certain payments that they would have received if they had held their stock at the time of the Acquisition. Some of the suits also allege that the Acquisition price paid to stockholders was insufficient. The various suits assert claims for breach of contract, tortious interference with contract, breach of fiduciary duty, civil Racketeer Influenced and Corrupt Organizations Act, or RICO, violations, violations of the Employee Retirement Income Security Act, and/or securities and common law fraud. Two of these suits have been dismissed with all appeals exhausted. Five of the remaining suits are pending in the United States District Court for the Southern District of New York, the sixth is pending in New York state court and the seventh is pending in the United States District Court for the Southern District of California. As of December 31, 2013 and March 31, 2013, the aggregate alleged damages sought in the seven remaining suits was approximately $348.7 million ($291.5 million of which is sought to be trebled pursuant to RICO) plus punitive damages, costs, and fees. Although the outcome of any of these cases is inherently uncertain and may be materially adverse, based on current information, management does not expect them to have a material adverse effect on our financial condition and results of operations.

Subsequent Events Subsequent Events	9 Months Ended
Subsequent Events Subsequent Events	Dec. 31, 2013
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS On January 31, 2014, the Company announced a regular quarterly cash dividend in the amount of $0.10 per share and a special cash dividend of $1.00 per share, each payable on February 28, 2014 to shareholders of record on February 10, 2014. The Board of Directors, acting as the Administrator of the Officers' Rollover Stock Plan and the Amended and Restated Equity Incentive Plan, made a determination to adjust the outstanding Rollover and EIP options for the special dividend to prevent the dilution of the options. The adjustment is in the form of a $1.00 dividend equivalent. Holders of the Rollover Options will receive a cash payment equal to the amount of the special dividend on the exercise of the option during the options' mandatory exercise period. Holders of EIP options will receive a cash payment equal to the amount of the special dividend payable on February 28, 2014 or the vesting of the EIP option, whichever is later.

Earnings Per Share (Tables)

9 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

Reconciliation of the income used to compute basic and diluted EPS

A reconciliation of the income used to compute basic and diluted EPS for the periods presented are as follows:



	Three Months Ended December 31,				Nine Months Ended December 31,
	2013		2012		2013		2012
Earnings for basic computations (1)	$	45,689	$	55,709	$	183,605	$	155,285
Weighted-average Class A Common Stock outstanding	140,948,396		132,125,447		138,540,878		129,902,993
Weighted-average Class B Non-Voting Common Stock outstanding	947,259		1,932,004		1,087,755		2,281,000
Weighted-average Class C Restricted Common Stock outstanding	968,405		1,215,102		1,042,537		1,311,015
Total weighted-average common shares outstanding for basic computations	142,864,060		135,272,553		140,671,170		133,495,008
Earnings for diluted computations (1)	$	45,689	$	55,734	$	183,605	$	155,285
Dilutive stock options and restricted stock	5,971,223		9,790,962		7,494,020		10,621,049
Average number of common shares outstanding for diluted computations	148,835,283		145,063,515		148,165,190		144,116,057
Earnings per common share
Basic	$	0.32	$	0.41	$	1.31	$	1.16
Diluted	$	0.31	$	0.38	$	1.24	$	1.08

Accounts Receivable, Net (Tables)

9 Months Ended

Dec. 31, 2013

Receivables [Abstract]

Accounts receivable, net

Accounts receivable, net consisted of the following:



	December 31, 2013			March 31, 2013
Current
Accounts receivable–billed	$	452,478		$	431,770
Accounts receivable–unbilled	435,465			598,004
Allowance for doubtful accounts	(1,683		)	(188		)
Accounts receivable, net	886,260			1,029,586
Long-term
Unbilled receivables	21,443			19,779
Total accounts receivable, net	$	907,703		$	1,049,365

Accounts Payable and Other Accrued Expenses (Tables)

9 Months Ended

Dec. 31, 2013

Payables and Accruals [Abstract]

Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]

Accounts payable and other accrued expenses consisted of the following:



	December 31, 2013		March 31, 2013
Vendor payables	$	214,643	$	248,471
Accrued expenses	218,863		202,594
Total accounts payable and other accrued expenses	$	433,506	$	451,065

Accrued Compensation and Benefits (Tables)

9 Months Ended

Dec. 31, 2013

Accrued Compensation and Benefits [Abstract]

Accrued compensation and benefits

Accrued compensation and benefits consisted of the following:



	December 31, 2013		March 31, 2013
Bonus	$	60,645	$	89,389
Retirement	118,079		83,071
Vacation	102,848		136,528
Stock-based compensation liability (Note 13)	36,018		48,468
Deferred compensation (1)	27,433		—
Other	29,570		27,977
Total accrued compensation and benefits	$	374,593	$	385,433

Debt (Tables)

9 Months Ended

Dec. 31, 2013

Debt Disclosure [Abstract]

Debt

Debt consisted of the following:



	December 31, 2013					March 31, 2013
	Interest Rate		Outstanding Balance			Interest Rate		Outstanding Balance
Term Loan A	2.67	%	$	673,801		2.70	%	$	706,134
Term Loan B	3.75	%	1,000,696			4.50	%	1,009,039
Total			1,674,497					1,715,173
Less: Current portion of long-term debt			(69,156		)			(55,562		)
Long-term debt, net of current portion			$	1,605,341				$	1,659,611

Other Long-Term Liabilities (Tables)

9 Months Ended

Dec. 31, 2013

Other Liabilities Disclosure [Abstract]

Other Long-Term Liabilities

Other long-term liabilities consisted of the following:



	December 31, 2013		March 31, 2013
Income tax reserve	$	57,927	$	57,018
Deferred rent	29,548		40,548
Deferred compensation (1)	—		26,443
Stock-based compensation	24,118		50,625
Deferred payment obligation	60,701		61,473
Postretirement benefit obligations	88,005		83,761
Other	6,162		6,610
Total other long-term liabilities	$	266,461	$	326,478

Employee Benefit Plans (Tables)

9 Months Ended

Dec. 31, 2013

Compensation and Retirement Disclosure [Abstract]

Components of net postretirement medical expense

The components of net postretirement medical expense for the Officer Medical Plan were as follows:



	Three Months Ended December 31,				Nine Months Ended December 31,
	2013		2012		2013		2012
Service cost	$	1,186	$	973	$	3,559	$	2,919
Interest cost	921		787		2,751		2,360
Net actuarial loss	704		384		2,068		1,153
Total postretirement medical expense	$	2,811	$	2,144	$	8,378	$	6,432

Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Dec. 31, 2013

Equity [Abstract]

Schedule of accumulated other comprehensive loss

The following table represents a rollforward of amounts recognized in accumulated other comprehensive loss, net of tax:



	Three Months Ended December 31,						Nine Months Ended December 31,
	2013			2012			2013			2012
Beginning of year	$	(12,254	)	$	(8,235	)	$	(13,787	)	$	(8,715	)
Other comprehensive income (loss) before reclassifications	—			—			747			(282		)
Amounts reclassified from accumulated other comprehensive loss	419			(76		)	1,205			686
Net current-period other comprehensive income (loss)	419			(76		)	1,952			404
End of year	$	(11,835	)	$	(8,311	)	$	(11,835	)	$	(8,311	)

Reclassification out of accumulated other comprehensive loss to net income

The following table presents the reclassifications out of accumulated other comprehensive loss to net income:



	Three Months Ended December 31,						Nine Months Ended December 31,
	2013			2012			2013			2012
Amortization of net actuarial loss included in net periodic benefit cost (See Note 10)
Total before tax	$	704		$	381		$	2,068		$	1,143
Tax benefit	(285		)	(457		)	(863		)	(457		)
Net of tax	$	419		$	(76	)	$	1,205		$	686

Stockholders' Equity (Tables)

9 Months Ended

Dec. 31, 2013

Equity [Abstract]

Common stock shares activity

The common stock shares activity consisted of the following:



	Class A Common Stock	Class B Non-Voting Common Stock	Class C Restricted Common Stock	Class E Special Voting Common Stock	Treasury Stock
Balance at March 31, 2012	128,726,324	2,487,125	1,533,020	10,140,067	333,775
Issuance of common stock	1,182,004	0	0	0	0
Stock options exercised	5,204,890	0	0	(2,661,545)	0
Share exchange	1,344,226	(1,035,525)	(308,701)	0	0
Repurchase of common stock (1)	0	0	0	0	72,068
Balance at March 31, 2013	136,457,444	1,451,600	1,224,319	7,478,522	405,843
Issuance of common stock	985,308	0	0	0	0
Stock options exercised	4,942,435	0	0	(3,053,708)	0
Share exchange	777,318	(508,335)	(268,983)	0	0
Repurchase of common stock (2)	0	0	0	0	168,604
Balance at December 31, 2013	143,162,505	943,265	955,336	4,424,814	574,447


(1)	Reflects shares repurchased on July 2, 2012 to cover the withholding taxes on restricted stock awards that vested on June 30, 2012.


(2)	Reflects shares repurchased on June 30, 2013 to cover the withholding taxes on restricted stock awards that vested on June 30, 2013 and shares repurchased on multiple dates for the withholding taxes on accelerated restricted stock vesting for departing officers.

Stock-Based Compensation (Tables)

9 Months Ended

Dec. 31, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-based compensation expense recognized in the condensed consolidated statements of operations

The following table summarizes stock-based compensation expense recognized in the condensed consolidated statements of operations:



	Three Months Ended December 31,				Nine Months Ended December 31,
	2013		2012		2013		2012
Cost of revenue	$	1,322	$	1,548	$	3,982	$	5,643
General and administrative expenses	3,456		3,948		10,137		14,220
Total	$	4,778	$	5,496	$	14,119	$	19,863

The following table summarizes the total stock-based compensation expense recognized in the condensed consolidated statements of operations by the following types of equity awards:



	Three Months Ended December 31,				Nine Months Ended December 31,
	2013		2012		2013		2012
Class C Restricted Stock	$	—	$	59	$	59	$	252
Rollover Options	—		578		578		2,393
Equity Incentive Plan Options	1,790		2,609		4,741		11,153
Class A Restricted Common Stock	2,988		2,250		8,741		6,065
Total	$	4,778	$	5,496	$	14,119	$	19,863

Schedule of unrecognized compensation cost

Absent the effect of accelerating stock compensation cost for any departures of employees who may continue to vest in their equity awards, the following table summarizes the unrecognized compensation cost and the weighted average period the cost is expected to be amortized.



	December 31, 2013
	Unrecognized Compensation Cost		Weighted Average Remaining Period to be Recognized
Equity Incentive Plan Options	$	9,824	3.23
Class A Restricted Common Stock	11,586		2.22
Total	$	21,410

Recorded stock-based compensation liabilities

dends that triggers certain anti-dilution clauses within the respective plans. In the event the Board of Directors elects to grant option holders a cash payment equal to the amount of the special dividend, the Compa

Financial Instruments (Tables)	9 Months Ended
Financial Instruments (Tables)	Dec. 31, 2013
Fair Value Disclosures [Abstract]
Fair value of cash and cash equivalents	The following tables set forth by level represent the fair value of the Company's cash and cash equivalents as of December 31, 2013.