View Filing Data

Print Document View Excel Document

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Dec. 31, 2016	Jan. 25, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	Booz Allen Hamilton Holding Corp
Entity Central Index Key	0001443646
Document Type	10-Q
Document Period End Date	Dec. 31, 2016
Amendment Flag	false
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--03-31
Entity Filer Category	Large Accelerated Filer
Common stock, Class A
Entity Listings [Line Items]
Entity Common Stock, Shares Outstanding		149,953,487
Non-voting common stock, Class B
Entity Listings [Line Items]
Entity Common Stock, Shares Outstanding		0
Restricted common stock, Class C
Entity Listings [Line Items]
Entity Common Stock, Shares Outstanding		0
Special voting common stock, Class E
Entity Listings [Line Items]
Entity Common Stock, Shares Outstanding		0

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2016
Current assets:
Cash and cash equivalents	$ 349,624	$ 187,529
Accounts receivable, net of allowance	902,493	892,289
Prepaid expenses and other current assets	106,666	109,953
Total current assets	1,358,783	1,189,771
Property and equipment, net of accumulated depreciation	133,788	130,169
Intangible assets, net of accumulated amortization	211,327	220,658
Goodwill	1,361,913	1,361,913
Other long-term assets	100,724	107,660
Total assets	3,166,535	3,010,171
Current liabilities:
Current portion of long-term debt	78,938	112,813
Accounts payable and other accrued expenses	454,388	484,769
Accrued compensation and benefits	258,054	241,367
Other current liabilities	129,642	100,964
Total current liabilities	921,022	939,913
Long-term debt, net of current portion	1,485,052	1,484,448
Other long-term liabilities	190,748	177,322
Total liabilities	2,596,822	2,601,683
Commitments and contingencies (Note 16)
Stockholders’ equity:
Treasury stock, at cost — 5,627,874 shares at December 31, 2016 and 5,398,596 shares at March 31, 2016	(142,300)	(135,445)
Additional paid-in capital	291,213	243,475
Retained earnings	437,463	318,537
Accumulated other comprehensive loss	(18,218)	(19,613)
Total stockholders’ equity	569,713	408,488
Total liabilities and stockholders’ equity	3,166,535	3,010,171
Common stock, Class A
Stockholders’ equity:
Common stock	$ 1,555	$ 1,534

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2016	Mar. 31, 2016
Treasury stock, shares	5,627,874	5,398,596
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	155,581,361	153,391,058
Common stock, shares outstanding	149,953,487	147,992,462

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Income Statement [Abstract]
Revenue	$ 1,404,638	$ 1,307,663	$ 4,222,213	$ 3,981,421
Operating costs and expenses:
Cost of revenue	652,236	630,189	1,967,258	1,899,376
Billable expenses	428,685	355,401	1,270,941	1,097,741
General and administrative expenses	201,183	200,809	585,340	597,611
Depreciation and amortization	14,410	16,148	43,588	46,617
Total operating costs and expenses	1,296,514	1,202,547	3,867,127	3,641,345
Operating income	108,124	105,116	355,086	340,076
Interest expense	(14,176)	(17,762)	(46,757)	(52,937)
Other, net	(1,333)	555	(4,603)	309
Income before income taxes	92,615	87,909	303,726	287,448
Income tax expense (benefit)	37,025	(20,146)	117,489	58,871
Net income	$ 55,590	$ 108,055	$ 186,237	$ 228,577
Earnings per common share (Note 3):
Basic (in dollars per share)	$ 0.37	$ 0.72	$ 1.25	$ 1.54
Diluted (in dollars per share)	0.37	0.71	1.23	1.51
Dividends declared per share	$ 0.15	$ 0.13	$ 0.45	$ 0.39

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 55,590	$ 108,055	$ 186,237	$ 228,577
Change in postretirement plan costs, net of tax	481	534	1,395	1,582
Comprehensive income	$ 56,071	$ 108,589	$ 187,632	$ 230,159

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Cash flows from operating activities
Net income	$ 186,237	$ 228,577
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	43,588	46,617
Stock-based compensation expense	16,034	17,809
Excess tax benefits from stock-based compensation	(15,560)	(30,055)
Amortization of debt issuance costs and loss on extinguishment	13,459	6,276
Losses on dispositions and impairments	120	61
Changes in assets and liabilities:
Accounts receivable	(10,204)	15,885
Prepaid expenses and other current assets	28,972	16,083
Other long-term assets	(2,945)	(54,925)
Accrued compensation and benefits	17,961	(6,936)
Accounts payable and other accrued expenses	(28,238)	(50,765)
Accrued interest	715	2,148
Other current liabilities	18,082	4,505
Other long-term liabilities	14,821	(14,283)
Net cash provided by operating activities	283,042	180,997
Cash flows from investing activities
Purchases of property and equipment	(30,554)	(45,829)
Cash paid for business acquisitions, net of cash acquired	(851)	(50,618)
Insurance proceeds received for damage to equipment	650	0
Net cash used in investing activities	(30,755)	(96,447)
Cash flows from financing activities
Net proceeds from issuance of common stock	4,570	4,368
Stock option exercises	12,478	6,399
Excess tax benefits from stock-based compensation	15,560	30,055
Repurchases of common stock	(6,855)	(34,600)
Cash dividends paid	67,311	57,678
Dividend equivalents paid to option holders	(2,157)	(31,707)
Repayment of debt	(676,750)	(189,500)
Proceeds from debt issuance	630,273	148,000
Net cash used in financing activities	(90,192)	(124,663)
Net increase (decrease) in cash and cash equivalents	162,095	(40,113)
Cash and cash equivalents-beginning of period	187,529	207,217
Cash and cash equivalents-end of period	349,624	167,104
Cash paid during the period for:
Interest	37,288	40,396
Income taxes	66,536	113,422
Supplemental disclosures of non-cash investing and financing activities
Assets acquired under capital lease	$ 0	$ 6,800

Business Overview	9 Months Ended
Business Overview	Dec. 31, 2016
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, the Company or we, us, and our, was incorporated in Delaware in May 2008. The Company provides management and technology, consulting, and engineering services to the U.S. and international governments, major corporations, and not-for-profit organizations. The Company reports operating results and financial data in one operating segment. The Company is headquartered in McLean, Virginia, with approximately 23,000 employees as of December 31, 2016.

Basis of Presentation	9 Months Ended
Basis of Presentation	Dec. 31, 2016
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 U.S. 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 U.S. 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, 2016 filed with the Securities and Exchange Commission on May 19, 2016, 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, 2016 are not necessarily indicative of results to be expected for the full fiscal year. The preparation of financial statements in conformity with U.S. 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 contractual and regulatory reserves, valuation and lives of tangible and intangible assets, contingent consideration related to business acquisitions, 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 In May 2014, the Financial Accounting Standards Board, or FASB, issued a new standard that will replace existing revenue recognition standards and significantly expand the disclosure requirements for revenue arrangements. In July 2015, the FASB approved a one-year delay in the effective date of the standard, which will now be effective for the Company beginning on April 1, 2018 (i.e., beginning with the first quarter fiscal 2019 interim financial statements) with early adoption permitted. The new standard may be adopted retrospectively for all periods presented, or adopted using a modified retrospective approach. Management anticipates adopting the new standard beginning April 1, 2018 using the full retrospective transition method. We are still assessing what effect the adoption of this standard may have on the timing of our revenue recognition and our consolidated financial statements. Other recent accounting pronouncements issued by the FASB during the nine months ended December 31, 2016 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.

Earnings Per Share

9 Months Ended

Dec. 31, 2016

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. The Company purchased, at par value, all issued and outstanding shares of Class E special voting common stock in connection with the exercise of the final tranche of rollover options during the second quarter of fiscal 2016. 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 holders are entitled to participate in non-forfeitable dividends or other distributions. These unvested restricted shares participated in the Company's dividends declared and were paid in the first, second, and third quarters of fiscal 2017 and 2016. 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 holders of unvested restricted shares. 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,
	2016		2015		2016		2015
Earnings for basic computations (1)	$	54,978	$	106,548	$	184,245	$	225,430
Weighted-average common shares outstanding for basic computations	148,679,393		147,428,588		147,973,044		146,291,184
Earnings for diluted computations (1)	$	54,983	$	106,568	$	184,264	$	225,481
Dilutive stock options and restricted stock	1,927,866		2,472,337		2,170,807		3,210,274
Weighted-average common shares outstanding for diluted computations	150,607,259		149,900,925		150,143,851		149,501,458
Earnings per common share
Basic	$	0.37	$	0.72	$	1.25	$	1.54
Diluted	$	0.37	$	0.71	$	1.23	$	1.51

(1) During the three months ended December 31, 2016 and 2015, approximately 1.7 million and 2.1 million participating securities were paid dividends totaling $0.2 million and $0.3 million, respectively. During the nine months ended December 31, 2016 and 2015, approximately 1.7 million and 2.1 million participating securities were paid dividends totaling $0.7 million and $0.7 million, respectively. For the three and nine months ended December 31, 2016, there were undistributed earnings of $0.4 million and $1.3 million, respectively, allocated to the participating class of securities in both basic and diluted earnings per share. For the three and nine months ended December 31, 2015, there were undistributed earnings of $1.3 million and $2.4 million, respectively, allocated to the participating class of securities in basic earnings per share, and $1.2 million and $2.3 million, respectively, to diluted earnings per share. The allocated undistributed earnings and the dividends paid comprise the difference between net income presented on the condensed consolidated statements of operations and earnings for basic and diluted computations for the three and nine months ended December 31, 2016 and 2015.

The EPS calculation for the three and nine months ended December 31, 2016 excludes 0.04 million options as their impact was anti-dilutive. The EPS calculation for the three and nine months ended December 31, 2015 excludes 0.5 million and 0.6 million options, respectively, as their impact was anti-dilutive.

Accounts Receivable, Net

9 Months Ended

Dec. 31, 2016

Receivables [Abstract]

ACCOUNTS RECEIVABLE, NET

Accounts receivable, net consisted of the following:



	December 31, 2016			March 31, 2016
Current
Accounts receivable–billed	$	364,528		$	308,670
Accounts receivable–unbilled	537,976			584,275
Allowance for doubtful accounts	(11		)	(656		)
Accounts receivable, net	902,493			892,289
Long-term
Accounts receivable–unbilled	68,360			51,145
Total accounts receivable, net	$	970,853		$	943,434

Unbilled amounts represent revenues for which billings have not been presented to customers at quarter-end or year-end. These amounts are usually billed and collected within one year. Long-term unbilled receivables not anticipated to be billed and collected within one year, which are primarily related to retainage, holdbacks, and long-term rate settlements to be billed at contract closeout, are included in other long-term assets in the accompanying condensed consolidated balance sheets. The Company recognized a provision (benefit) for doubtful accounts (including certain unbilled reserves) of $(0.1) million and $1.1 million for the three months ended December 31, 2016 and 2015, respectively, and $0.7 million and $0.3 million for the nine months ended December 31, 2016 and 2015, respectively. The Company does not have material exposure to accounts receivable credit risk, because the Company's accounts receivable are primarily with the U.S. Government and its agencies.

- 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, 2016

Payables and Accruals [Abstract]

ACCOUNTS PAYABLE AND OTHER ACCRUED EXPENSES

Accounts payable and other accrued expenses consisted of the following:



	December 31, 2016		March 31, 2016
Vendor payables	$	223,861	$	246,670
Accrued expenses	230,527		238,099
Total accounts payable and other accrued expenses	$	454,388	$	484,769

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, 2016

ACCRUED COMPENSATION AND BENEFITS

Accrued compensation and benefits consisted of the following:



	December 31, 2016		March 31, 2016
Bonus	$	60,228	$	73,040
Retirement	70,422		30,388
Vacation	102,462		114,599
Other	24,942		23,340
Total accrued compensation and benefits	$	258,054	$	241,367

- Definition

The entire disclosure for compensation costs, including compensated absences accruals, compensated absences liability, deferred compensation arrangements and income statement compensation items. Deferred compensation arrangements may include a description of an arrangement with an individual employee, which is generally an employment contract between the entity and a selected officer or key employee containing a promise by the employer to pay certain amounts at designated future dates, usually including a period after retirement, upon compliance with stipulated requirements. This type of arrangement is distinguished from broader based employee benefit plans as it is usually tailored to the employee. Disclosure also typically includes the amount of related compensation expense recognized during the reporting period, the number of shares (units) issued during the period under such arrangements, and the carrying amount as of the balance sheet date of the related liability.

+ References + Details

Debt

9 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

DEBT

Debt consisted of the following:



	December 31, 2016					March 31, 2016
	Interest Rate		Outstanding Balance			Interest Rate		Outstanding Balance
Term Loan A	2.74	%	$	1,183,001		2.94	%	$	741,813
Term Loan B	3.49	%	400,000			3.75	%	841,188
Revolving credit facility	—	%	—			5.00	%	35,000
Less: Unamortized debt issuance costs and discount on debt			(19,011		)			(20,740		)
Total			1,563,990					1,597,261
Less: Current portion of long-term debt			(78,938		)			(112,813		)
Long-term debt, net of current portion			$	1,485,052				$	1,484,448

On July 13, 2016, Booz Allen Hamilton Inc. ("Booz Allen Hamilton"), Booz Allen Hamilton Investor Corporation ("Investor") and certain wholly-owned subsidiaries of Booz Allen Hamilton entered into the Third Amendment (the “Third Amendment”) to the Credit Agreement (the “Credit Agreement”), dated as of July 31, 2012, among Booz Allen Hamilton, Investor, certain wholly owned subsidiaries of Booz Allen Hamilton and Bank of America, N.A., as Administrative Agent, Collateral Agent and Issuing Lender (as previously amended by the First Amendment to the Credit Agreement, dated as of August 16, 2013 and the Second Amendment to the Credit Agreement, dated as of May 7, 2014). Pursuant to the Third Amendment, Booz Allen Hamilton borrowed approximately $441 million of additional Term Loan A, with such funds used to pay off a portion of the Term Loan B facility.

As of December 31, 2016, the Credit Agreement, as amended, provided the Company with a $1,183 million Term Loan A, a $400 million Term Loan B, and a $500.0 million revolving credit facility, with a sublimit for letters of credit of $100 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.

Under the Third Amendment, the interest rate on borrowings under Term Loan A is LIBOR plus a spread that ranges from 1.50% to 2.25% based on Booz Allen Hamilton's total leverage ratio. The revolving credit facility margin is LIBOR plus a spread that ranges from 1.50% to 2.25% based on Booz Allen Hamilton's total leverage ratio and the revolving credit facility commitment fee is a spread ranging from 0.300% to 0.400%. The interest rate for borrowings under Term Loan B is LIBOR plus 2.75% with no LIBOR floor, with a spread that ranges from 1.75% to 2.75% based upon either an ABR or LIBOR borrowing. Under the Third Amendment, the maturity date of Term Loan A and the termination date for the revolving credit facility is June 30, 2021 and the maturity date of Term Loan B is June 30, 2023. The Third Amendment also amended certain existing debt covenants to provide the Company with greater operational and financial flexibility.

Booz Allen Hamilton occasionally borrows under our revolving credit facility in anticipation of cash demands. During fiscal 2017, Booz Allen Hamilton accessed a total of $185.0 million of its $500.0 million revolving credit facility. As of December 31, 2016 there were no amounts outstanding on the revolving credit facility. As of March 31, 2016, there was $35.0 million outstanding on the revolving credit facility.

The Credit Agreement, as amended by the Third Amendment, requires quarterly principal payments of 1.25% of the stated principal amount of Term Loan A until maturity, and quarterly principal payments of 0.25% of the stated principal amount of Term Loan B until maturity.

Interest on debt and debt-like instruments consisted of the following:



	Three Months Ended December 31,				Nine Months Ended December 31,
	2016		2015		2016		2015
	(In thousands)				(In thousands)
Term Loan A Interest Expense	$	7,585	$	5,372	20,344		16,216
Term Loan B Interest Expense	3,386		8,062		15,349		24,097
Interest on Revolving Credit Facility	—		193		303		209
Deferred Payment Obligation Interest ¹	2,000		2,000		6,007		6,022
DIC and OID ²	1,188		2,102		4,584		6,276
Other	17		33		170		117
Total Interest Expense	$	14,176	$	17,762	$	46,757	$	52,937

¹ Interest payments on the deferred payment obligation are made twice a year in January and July.

² DIC and OID on the Company's term loans are recorded as a reduction of long term debt in the consolidated balance sheet and are amortized ratably over the life of the related debt using the effective rate method. DIC on the Company's revolving line of credit is recorded as a long term asset on the consolidated balance sheet and amortized ratably over the term of the revolving credit facility.

Income Taxes	9 Months Ended
Income Taxes	Dec. 31, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company’s effective income tax rate was 40.0% and (22.9)% for the three months ended December 31, 2016 and 2015, respectively, and 38.7% and 20.5% for the nine months ended December 31, 2016 and 2015, respectively. The increases in the effective tax rate for the three and nine months ended December 31, 2016 as compared to the same periods last fiscal year was primarily due to the release of uncertain tax position reserves in the prior year. The three and nine months effective tax rates of 40.0% and 38.7% differ from the statutory rate of 35.0% primarily due to state income taxes and the effect of permanent rate differences, which primarily relate to meals and entertainment.

Other Long-Term Liabilities

9 Months Ended

Dec. 31, 2016

Other Liabilities Disclosure [Abstract]

OTHER LONG-TERM LIABILITIES

Other long-term liabilities consisted of the following:



	December 31, 2016		March 31, 2016
Deferred rent	$	60,992	$	53,170
Postretirement benefit obligations	122,754		118,554
Other	7,002		5,598
Total other long-term liabilities	$	190,748	$	177,322

Employee Benefit Plans

9 Months Ended

Dec. 31, 2016

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. Effective April 1, 2014 the Company transitioned from a discretionary employer contribution to an annual matching contribution of up to 6% of eligible annual income as determined by the Internal Revenue Code for the ECAP. Total expense recognized under ECAP was $28.1 million and $27.0 million for the three months ended December 31, 2016 and 2015, respectively, and $84.8 million and $81.4 million for the nine months ended December 31, 2016 and 2015, respectively. The Company-paid contributions were $13.7 million and $14.6 million for the three months ended December 31, 2016 and 2015, respectively, and $44.5 million and $46.6 million for the nine months ended December 31, 2016 and 2015, 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,
	2016		2015		2016		2015
Service cost	$	1,213	$	1,426	$	3,638	$	4,277
Interest cost	1,196		1,126		3,587		3,379
Net actuarial loss	762		884		2,287		2,652
Total postretirement medical expense	$	3,171	$	3,436	$	9,512	$	10,308

As of December 31, 2016 and March 31, 2016, the unfunded status of the post-retirement medical plan was $118.6 million and $114.0 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, 2016

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE LOSS

All amounts recorded in other comprehensive loss are related to the Company's post-retirement plans. 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,
	2016			2015			2016			2015
Beginning of period	$	(18,699	)	$	(21,111	)	$	(19,613	)	$	(22,159	)
Amounts reclassified from accumulated other comprehensive loss	481			534			1,395			1,582
Net current-period other comprehensive loss	481			534			1,395			1,582
End of period	$	(18,218	)	$	(20,577	)	$	(18,218	)	$	(20,577	)

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,
	2016			2015			2016			2015
Amortization of net actuarial loss included in net periodic benefit cost (See Note 10)
Total before tax	$	762		$	884		$	2,287		$	2,652
Tax benefit	(281		)	(350		)	(892		)	(1,070		)
Net of tax	$	481		$	534		$	1,395		$	1,582

- Definition

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

+ References

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

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=66004124&loc=SL7669619-108580

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e640-108580

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 17
-URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e716-108580

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e709-108580

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e637-108580

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e681-108580

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Reclassification Adjustments
-URI http://asc.fasb.org/extlink&oid=6522872

+ Details

Stockholders' Equity

9 Months Ended

Dec. 31, 2016

Equity [Abstract]

STOCKHOLDERS' EQUITY

STOCKHOLDERS’ EQUITY

Common Stock

The common stock shares activity consisted of the following:



	Class A Common Stock	Class E Special Voting Common Stock	Treasury Stock
Balance at March 31, 2015	150,237,675	1,851,589	2,999,393
Issuance of common stock	443,813	—	—
Stock options exercised (1)	2,709,570	(1,851,589)	—
Repurchase of common stock (2)	—	—	2,399,203
Balance at March 31, 2016	153,391,058	—	5,398,596
Issuance of common stock	475,959	—	—
Stock options exercised	1,714,344	—	—
Repurchase of common stock (3)	—	—	229,278
Balance at December 31, 2016	155,581,361	—	5,627,874


(1)	On September 30, 2015, the Company purchased, at par value, all issued and outstanding shares of Class E special voting common stock in connection with the exercise of the final tranche of rollover options during the second quarter of fiscal 2016.

(2)

During fiscal 2016, the Company purchased 2.1 million shares of the Company’s Class A Common Stock in a series of open market transactions for $54.9 million. Additionally, the Company repurchased shares on June 30, 2015 and March 31, 2016 to cover the minimum statutory withholding taxes on restricted stock awards and restricted stock units that vested on June 30, 2015 and March 31, 2016, respectively. The Company also repurchased shares to cover the minimum statutory withholding taxes on restricted stock for departing officers, as they are no longer subject to a substantial risk of forfeiture.

(3)

During fiscal 2017, the Company purchased 0.1 million shares of the Company’s Class A Common Stock in a series of open market transactions for $2.3 million. Additionally, the Company repurchased shares on June 30, 2016 to cover the minimum statutory withholding taxes on restricted stock awards and restricted stock units that vested on June 30, 2016. The Company also repurchased shares to cover the minimum statutory withholding taxes on restricted stock for departing officers, as they are no longer subject to a substantial risk of forfeiture.

For the quarterly offering period that closed on December 31, 2016, 43,120 Class A Common Stock shares were purchased by employees under the Company's Employee Stock Purchase Plan, or ESPP. Since the program's inception, 1,882,982 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
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 4
-Subparagraph (SAB Topic 4.E)
-URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74567-122707

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(31))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 4
-Subparagraph (SAB Topic 4.C)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(d))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Preferred Stock
-URI http://asc.fasb.org/extlink&oid=6521494

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644

+ Details

Stock-Based Compensation

9 Months Ended

Dec. 31, 2016

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,
	2016		2015		2016		2015
Cost of revenue	$	1,535	$	954	$	4,233	$	3,237
General and administrative expenses	3,918		5,334		11,801		14,572
Total	$	5,453	$	6,288	$	16,034	$	17,809

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,
	2016		2015		2016		2015
Equity Incentive Plan Options	$	467	$	792	$	2,031	$	2,035
Class A Restricted Common Stock	4,986		5,496		14,003		15,774
Total	$	5,453	$	6,288	$	16,034	$	17,809

As of December 31, 2016, there was $17.9 million of total unrecognized compensation cost related to unvested stock-based compensation agreements. The unrecognized compensation cost as of December 31, 2016 is expected to be fully amortized over the next 4.25 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, 2016
	Unrecognized Compensation Cost		Weighted Average Remaining Period to be Recognized (in years)
Equity Incentive Plan Options	$	2,207	2.97
Class A Restricted Common Stock	15,659		1.93
Total	$	17,866

Equity Incentive Plan

On October 26, 2016, 43,086 options were granted under the Amended and Restated Equity Incentive Plan, or EIP. The estimated fair value of the per-option grant was $6.96, resulting in a total fair value of $0.3 million.

As of December 31, 2016, there were 4,041,616 EIP options outstanding, of which 1,003,871 were unvested.

Grants of Restricted Stock Units and Class A Restricted Common Stock

On October 26, 2016, the Board of Directors granted 34,196 Restricted Stock Units to certain newly hired vice presidents and current partners. The aggregate value of this award was estimated at $1.1 million based on the stock price of $30.99 on the grant date.

Special Dividends

The Compensation Committee, acting as the Administrator of the EIP, has 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 Compensation Committee 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 EIP options are scheduled to be vested. The obligation will be settled on the later of the date the dividend is paid or the vesting date of the EIP options. The stock-based compensation liability includes all special dividends declared for which eligible EIP option holders have not yet received a distribution.

As of December 31, 2016 and March 31, 2016, the Company calculated a total recorded and unrecorded stock-based compensation liability of $1.5 million and $3.8 million, respectively, related to the special dividends paid in June 2012, November 2013, and February and August 2014. As of December 31, 2016, $1.0 million was recorded as a current liability and included in accrued compensation and benefits within the condensed consolidated balance sheet while $0.5 million will be recorded as liability as the options vest over the next 2.25 years. As of March 31, 2016, $2.3 million was recorded as a current liability and $1.5 million represented the unrecorded liability.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References + Details

Fair Value Measurements

9 Months Ended

Dec. 31, 2016

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

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 financial instruments measured at fair value in the accompanying consolidated balance sheets consist of the following:



	Recurring Fair Value Measurements as of December 31, 2016
	Level 1		Level 2		Level 3		Total
Cash and cash equivalents:
Cash and cash equivalents	$	61,385	$	—	$	—	$	61,385
Money market funds (1)	—		288,239		—		288,239
Total cash and cash equivalents	$	61,385	$	288,239	$	—	$	349,624



	Recurring Fair Value Measurements as of March 31, 2016
	Level 1		Level 2		Level 3		Total
Cash and cash equivalents:
Cash and cash equivalents	$	42,102	$	—	$	—	$	42,102
Money market funds (1)	—		145,427		—		145,427
Total cash and cash equivalents	$	42,102	$	145,427	$	—	$	187,529

(1) Level 2 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. Therefore, the fair value approximates the carrying value. Depending on our short-term liquidity needs, we make regular transfers between money market funds and other cash equivalents.

The fair value of the Company's debt instruments approximates its carrying value at December 31, 2016 and March 31, 2016. The fair value of debt is determined using quoted prices or other market information obtained from recent trading activity of each debt tranche in markets that are not active (Level 2 inputs). The fair value is corroborated by prices derived from the interest rate spreads of recently completed leveraged loan transactions of a similar credit profile, industry, and terms to that of the Company.

- 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, 2016
Related Party Transactions [Abstract]
RELATED-PARTY TRANSACTIONS	RELATED-PARTY TRANSACTIONS During the third quarter of fiscal 2017, The Carlyle Group, or Carlyle, sold its remaining shares of Class A common stock of the Company in an underwritten transaction. As of December 31, 2016, Carlyle does not beneficially own any shares of Class A common stock of the Company. Prior to this transaction, Carlyle was the largest shareholder of the Company. From time to time, and in the ordinary course of business: (1) other Carlyle portfolio companies engaged the Company as a subcontractor or service provider, and (2) the Company engaged other Carlyle portfolio companies as subcontractors or service providers. Revenue and cost associated with these related parties for the three and nine months ended December 31, 2016 were not material. 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. On June 7, 2012, TC Group assigned all of its right, title and interest in, and obligations under, the Management Agreement to Carlyle Investment Management L.L.C., or Carlyle Investment Management. In accordance with the Management Agreement, Carlyle Investment Management provides the Company with advisory, consulting, and other services and the Company pays Carlyle Investment Management an aggregate annual fee of $1.0 million, plus expenses. For the three months ended December 31, 2016 and 2015, the Company incurred $250,000 in advisory fees in each period. For the nine months ended December 31, 2016 and 2015, the Company incurred $750,000 in advisory fees in each period. The Management Agreement terminated on December 6, 2016, upon the closing of the sale by Carlyle of their remaining shares of Class A common stock of the Company.

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Letters of Credit and Third-Party Guarantees As of December 31, 2016 and March 31, 2016, the Company was contingently liable under open standby letters of credit and bank guarantees issued by our banks in favor of third parties that totaled $9.6 million and $6.6 million, respectively. These letters of credit and bank guarantees primarily support insurance and bid and performance obligations. At December 31, 2016 and March 31, 2016, approximately $1.7 million and $1.8 million, respectively, of these instruments reduce the available borrowings under the revolving credit facility. The remainder are guaranteed under a separate $10.0 million facility established in fiscal 2016 of which $2.1 million and $5.2 million, respectively, was available to the Company at December 31, 2016 and March 31, 2016. Government Contracting Matters For each of the three and nine months ended December 31, 2016 and 2015, approximately 97% of the Company’s revenue was generated from contracts where the end client was an agency or department of the U.S. government, including contracts where the Company performed in either a prime or subcontract position, and regardless of the geographic location in which the work was performed. Contracts with the U.S. government are subject to extensive legal and regulatory requirements. From time to time and in the ordinary course of business, agencies of the U.S. government audit our contract costs and conduct inquiries and investigations of our business practices with respect to government contracts to determine whether the Company’s operations are conducted in accordance with these requirements and the terms of the relevant contracts. U.S. government agencies, including the Defense Contract Audit Agency, routinely audit our contract costs, including allocated indirect costs for compliance with the Cost Accounting Standards and the Federal Acquisition Regulation. These agencies also conduct reviews and investigations and make inquiries regarding our accounting and other systems in connection with our performance and business practices with respect to our government contracts. U.S. government audits, inquiries, or 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 withholding of payments, suspension of payments, 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 recorded the appropriate provision for any audit, inquiry, or investigation of which it is aware. The Defense Contract Management Agency Administrative Contracting Officer has negotiated annual final indirect cost rates through fiscal year 2009. The audit of fiscal years 2010 and 2011 is currently under active review by the Defense Contract Management Agency. Audits of subsequent years may result in future cost disallowances including cost reductions and/or penalties. Management believes it has recorded the appropriate provision for the estimated losses that may be experienced from any such reductions and/or penalties. As of December 31, 2016 and March 31, 2016, the Company has recorded a liability of approximately $197.7 million and $189.9 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 2009, and for contracts not yet closed that are impacted by settlement of audits or reviews of contract costs incurred in prior fiscal years. 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, none of which are considered material, 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, 2016, 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 company prior to the July 2008 acquisition of the Company by Carlyle, 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, against us and certain of our current and former directors and officers. Three of these suits were amended on July 2, 2010 and then further amended into one consolidated complaint on September 7, 2010. Another two of the original nine suits were consolidated into one complaint on September 24, 2014. 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. Three of these suits have been dismissed with all appeals exhausted. The two suits that were consolidated into one action on September 24, 2014 were settled on April 16, 2015. One of the remaining suits has been dismissed by the United States District Court for the Southern District of California and such dismissal was upheld by the United States Court of Appeals for the Ninth Circuit. The plaintiff in this suit subsequently filed a Petition for Writ of Certiorari to the United States Supreme Court, which was denied by the United States Supreme Court on January 9, 2017. The other three remaining suits that were previously consolidated on September 7, 2010 have been dismissed by the United States District Court for the Southern District of New York and are on appeal before the United States Court of Appeals for the Second Circuit. On December 15, 2016, hearings relating to the appeal were held before the United States Court of Appeals for the Second Circuit. As of December 31, 2016, the United States Court of Appeals for the Second Circuit has not ruled on this appeal. As of December 31, 2016 and March 31, 2016, the aggregate alleged damages sought in these three remaining suits was approximately $241.5 million (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, 2016
Subsequent Events [Abstract]
Subsequent Events	17. SUBSEQUENT EVENTS On January 23, 2017, the Company announced that our management is exploring, subject to continuing management review and to further consideration and ultimate approval by the Board of Directors, a possible repricing for our existing Term Loan B facility. The repricing amendment is not intended to increase our total amount of outstanding indebtedness. On January 24, 2017, the Company acquired eGov Holdings, Inc. (d/b/a Aquilent). As a result of the transaction, eGov Holdings, Inc. became a wholly-owned subsidiary of Booz Allen Hamilton Inc. The Company paid a purchase price of approximately $250 million in connection with the transaction, which remains subject to customary post-closing purchase price adjustments and customary escrows. The acquisition of Aquilent will be accounted for under the purchase method of accounting which requires the total purchase consideration to be allocated to the assets acquired and liabilities assumed based on estimates of fair value. The excess of the purchase consideration over the amounts assigned to tangible and intangible assets acquired and liabilities assumed will be recognized as goodwill. Transaction costs of $2.0 million have been accrued and recognized as a component of general and administrative expenses as of December 31, 2016. On January 25, 2017, the Board of Directors approved an increase to our share repurchase authorization from $180.0 million to up to $410.0 million. As of January 25, 2017, taking into effect the increase in the share repurchase authorization, the Company may repurchase up to approximately $300 million of additional shares of common stock under its share repurchase program.

Earnings Per Share (Tables)

9 Months Ended

Dec. 31, 2016

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,
	2016		2015		2016		2015
Earnings for basic computations (1)	$	54,978	$	106,548	$	184,245	$	225,430
Weighted-average common shares outstanding for basic computations	148,679,393		147,428,588		147,973,044		146,291,184
Earnings for diluted computations (1)	$	54,983	$	106,568	$	184,264	$	225,481
Dilutive stock options and restricted stock	1,927,866		2,472,337		2,170,807		3,210,274
Weighted-average common shares outstanding for diluted computations	150,607,259		149,900,925		150,143,851		149,501,458
Earnings per common share
Basic	$	0.37	$	0.72	$	1.25	$	1.54
Diluted	$	0.37	$	0.71	$	1.23	$	1.51

Accounts Receivable, Net (Tables)

9 Months Ended

Dec. 31, 2016

Receivables [Abstract]

Accounts receivable, net

Accounts receivable, net consisted of the following:



	December 31, 2016			March 31, 2016
Current
Accounts receivable–billed	$	364,528		$	308,670
Accounts receivable–unbilled	537,976			584,275
Allowance for doubtful accounts	(11		)	(656		)
Accounts receivable, net	902,493			892,289
Long-term
Accounts receivable–unbilled	68,360			51,145
Total accounts receivable, net	$	970,853		$	943,434

Accounts Payable and Other Accrued Expenses (Tables)

9 Months Ended

Dec. 31, 2016

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, 2016		March 31, 2016
Vendor payables	$	223,861	$	246,670
Accrued expenses	230,527		238,099
Total accounts payable and other accrued expenses	$	454,388	$	484,769

Accrued Compensation and Benefits (Tables)

9 Months Ended

Dec. 31, 2016

Accrued compensation and benefits

Accrued compensation and benefits consisted of the following:



	December 31, 2016		March 31, 2016
Bonus	$	60,228	$	73,040
Retirement	70,422		30,388
Vacation	102,462		114,599
Other	24,942		23,340
Total accrued compensation and benefits	$	258,054	$	241,367

Debt (Tables)

9 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Debt

Debt consisted of the following:



	December 31, 2016					March 31, 2016
	Interest Rate		Outstanding Balance			Interest Rate		Outstanding Balance
Term Loan A	2.74	%	$	1,183,001		2.94	%	$	741,813
Term Loan B	3.49	%	400,000			3.75	%	841,188
Revolving credit facility	—	%	—			5.00	%	35,000
Less: Unamortized debt issuance costs and discount on debt			(19,011		)			(20,740		)
Total			1,563,990					1,597,261
Less: Current portion of long-term debt			(78,938		)			(112,813		)
Long-term debt, net of current portion			$	1,485,052				$	1,484,448

Interest Expense

Interest on debt and debt-like instruments consisted of the following:



	Three Months Ended December 31,				Nine Months Ended December 31,
	2016		2015		2016		2015
	(In thousands)				(In thousands)
Term Loan A Interest Expense	$	7,585	$	5,372	20,344		16,216
Term Loan B Interest Expense	3,386		8,062		15,349		24,097
Interest on Revolving Credit Facility	—		193		303		209
Deferred Payment Obligation Interest ¹	2,000		2,000		6,007		6,022
DIC and OID ²	1,188		2,102		4,584		6,276
Other	17		33		170		117
Total Interest Expense	$	14,176	$	17,762	$	46,757	$	52,937

Other Long-Term Liabilities (Tables)

9 Months Ended

Dec. 31, 2016

Other Liabilities Disclosure [Abstract]

Other Long-Term Liabilities

Other long-term liabilities consisted of the following:



	December 31, 2016		March 31, 2016
Deferred rent	$	60,992	$	53,170
Postretirement benefit obligations	122,754		118,554
Other	7,002		5,598
Total other long-term liabilities	$	190,748	$	177,322

Employee Benefit Plans (Tables)

9 Months Ended

Dec. 31, 2016

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,
	2016		2015		2016		2015
Service cost	$	1,213	$	1,426	$	3,638	$	4,277
Interest cost	1,196		1,126		3,587		3,379
Net actuarial loss	762		884		2,287		2,652
Total postretirement medical expense	$	3,171	$	3,436	$	9,512	$	10,308

Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Dec. 31, 2016

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,
	2016			2015			2016			2015
Beginning of period	$	(18,699	)	$	(21,111	)	$	(19,613	)	$	(22,159	)
Amounts reclassified from accumulated other comprehensive loss	481			534			1,395			1,582
Net current-period other comprehensive loss	481			534			1,395			1,582
End of period	$	(18,218	)	$	(20,577	)	$	(18,218	)	$	(20,577	)

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,
	2016			2015			2016			2015
Amortization of net actuarial loss included in net periodic benefit cost (See Note 10)
Total before tax	$	762		$	884		$	2,287		$	2,652
Tax benefit	(281		)	(350		)	(892		)	(1,070		)
Net of tax	$	481		$	534		$	1,395		$	1,582

Stockholders' Equity (Tables)

9 Months Ended

Dec. 31, 2016

Equity [Abstract]

Common stock shares activity

The common stock shares activity consisted of the following:



	Class A Common Stock	Class E Special Voting Common Stock	Treasury Stock
Balance at March 31, 2015	150,237,675	1,851,589	2,999,393
Issuance of common stock	443,813	—	—
Stock options exercised (1)	2,709,570	(1,851,589)	—
Repurchase of common stock (2)	—	—	2,399,203
Balance at March 31, 2016	153,391,058	—	5,398,596
Issuance of common stock	475,959	—	—
Stock options exercised	1,714,344	—	—
Repurchase of common stock (3)	—	—	229,278
Balance at December 31, 2016	155,581,361	—	5,627,874


(1)	On September 30, 2015, the Company purchased, at par value, all issued and outstanding shares of Class E special voting common stock in connection with the exercise of the final tranche of rollover options during the second quarter of fiscal 2016.

(2)

(3)

Stock-Based Compensation (Tables)

9 Months Ended

Dec. 31, 2016

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,
	2016		2015		2016		2015
Cost of revenue	$	1,535	$	954	$	4,233	$	3,237
General and administrative expenses	3,918		5,334		11,801		14,572
Total	$	5,453	$	6,288	$	16,034	$	17,809

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,
	2016		2015		2016		2015
Equity Incentive Plan Options	$	467	$	792	$	2,031	$	2,035
Class A Restricted Common Stock	4,986		5,496		14,003		15,774
Total	$	5,453	$	6,288	$	16,034	$	17,809

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, 2016
	Unrecognized Compensation Cost		Weighted Average Remaining Period to be Recognized (in years)
Equity Incentive Plan Options	$	2,207	2.97
Class A Restricted Common Stock	15,659		1.93
Total	$	17,866

Fair Value Measurements (Tables)

9 Months Ended

Dec. 31, 2016

Fair Value Disclosures [Abstract]

Recurring Fair Value Measurements



	Recurring Fair Value Measurements as of December 31, 2016
	Level 1		Level 2		Level 3		Total
Cash and cash equivalents:
Cash and cash equivalents	$	61,385	$	—	$	—	$	61,385
Money market funds (1)	—		288,239		—		288,239
Total cash and cash equivalents	$	61,385	$	288,239	$	—	$	349,624



	Recurring Fair Value Measurements as of March 31, 2016
	Level 1		Level 2		Level 3		Total
Cash and cash equivalents:
Cash and cash equivalents	$	42,102	$	—	$	—	$	42,102
Money market funds (1)	—		145,427		—		145,427
Total cash and cash equivalents	$	42,102	$	145,427	$	—	$	187,529

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details

Business Overview (Details)	9 Months Ended
Business Overview (Details)	Dec. 31, 2016 employees segments
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of operating segments \| segments	1
Number of employees \| employees	23,000

Earnings Per Share (Details) - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

9 Months Ended

Dec. 31, 2016

Dec. 31, 2015

Dec. 31, 2016

Dec. 31, 2015

Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]

Earnings for basic computations

^[1]

$ 54,978

$ 106,548

$ 184,245

$ 225,430

Earnings for diluted computations

^[1]

$ 54,983

$ 106,568

$ 184,264

$ 225,481

Dilutive stock options and restricted stock

1,927,866

2,472,337

2,170,807

3,210,274

Earnings per common share, Basic

$ 0.37

$ 0.72

$ 1.25

$ 1.54

Earnings per common share, Diluted

$ 0.37

$ 0.71

$ 1.23

$ 1.51

Unvested shares, cash dividends paid

$ 67,311

$ 57,678

Restricted stock

Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]

Unvested shares participating in the payment of the Company's dividends declared

1,700,000

2,100,000

1,700,000

2,100,000

Unvested shares, cash dividends paid

$ 200

$ 300

$ 700

Undistributed earnings allocated to participating securities, basic

400

1,300

2,400

Undistributed earnings allocated to participating securities, diluted

$ 400

$ 1,200

$ 1,300

$ 2,300

Stock options

Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]

Antidilutive options excluded from the computation of EPS

40,000

500,000

40,000

600,000

Common stock, Class A

Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]

Weighted-average common shares outstanding for basic computations

148,679,393

147,428,588

147,973,044

146,291,184

Weighted-average common shares outstanding for diluted computations

150,607,259

149,900,925

150,143,851

149,501,458

[1]

Accounts Receivable, Net (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Accounts Receivable, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Mar. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable-billed	$ 364,528		$ 364,528		$ 308,670
Allowance for doubtful accounts	(11)		(11)		(656)
Accounts receivable, net, current	902,493		902,493		892,289
Total accounts receivable, net	970,853		970,853		943,434
Provision for doubtful accounts	(100)	$ 1,100	700	$ 300
Accounts Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable-unbilled	537,976		537,976		584,275
Other Noncurrent Assets
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable-unbilled	$ 68,360		$ 68,360		$ 51,145

Accounts Payable and Other Accrued Expenses (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2016
Payables and Accruals [Abstract]
Vendor payables	$ 223,861	$ 246,670
Accrued expenses	230,527	238,099
Total accounts payable and other accrued expenses	$ 454,388	$ 484,769

Accrued Compensation and Benefits (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2016
Compensation Related Costs [Abstract]
Bonus	$ 60,228	$ 73,040
Retirement	70,422	30,388
Vacation	102,462	114,599
Other	24,942	23,340
Total accrued compensation and benefits	$ 258,054	$ 241,367

Debt (Schedule of Debt) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2016
Long-term Debt, Current and Noncurrent [Abstract]
Unamortized debt issuance costs and discount on debt	$ (19,011)	$ (20,740)
Long-term Debt	1,563,990	1,597,261
Less: Current portion of long-term debt	(78,938)	(112,813)
Long-term debt, net of current portion	$ 1,485,052	$ 1,484,448
Secured Debt \| Term Loan A
Long-term Debt, Current and Noncurrent [Abstract]
Interest rate	2.74%	2.94%
Long-term Debt, Gross	$ 1,183,001	$ 741,813
Secured Debt \| Term Loan B
Long-term Debt, Current and Noncurrent [Abstract]
Interest rate	3.49%	3.75%
Long-term Debt, Gross	$ 400,000	$ 841,188
Revolving Credit Facility
Long-term Debt, Current and Noncurrent [Abstract]
Line of Credit Facility, Interest Rate at Period End	0.00%	5.00%
Revolving credit facility	$ 0	$ 35,000

Debt Debt (Details) - USD ($) $ in Thousands		9 Months Ended
Debt Debt (Details) - USD ($) $ in Thousands	Jul. 13, 2016	Dec. 31, 2016	Mar. 31, 2016
Secured Debt \| Term Loan A
Debt Instrument [Line Items]
Term loan, face amount		$ 1,183,000
Proceeds from Issuance of Other Long-term Debt	$ 441,000
Quarterly periodic payment percentage, principal	1.25%
Secured Debt \| Term Loan A \| Minimum
Debt Instrument [Line Items]
Long-term debt, basis spread on variable rate	1.50%
Secured Debt \| Term Loan A \| Maximum
Debt Instrument [Line Items]
Long-term debt, basis spread on variable rate	2.25%
Secured Debt \| Term Loan B
Debt Instrument [Line Items]
Term loan, face amount		400,000
Quarterly periodic payment percentage, principal	0.25%
Secured Debt \| Term Loan B \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Long-term debt, basis spread on variable rate	2.75%
Secured Debt \| Term Loan B \| London Interbank Offered Rate (LIBOR) \| Maximum
Debt Instrument [Line Items]
Long-term debt, basis spread on variable rate	2.75%
Secured Debt \| Term Loan B \| Alternative Base Rate (ABR) \| Minimum
Debt Instrument [Line Items]
Long-term debt, basis spread on variable rate	1.75%
Secured Debt \| Revolving Credit Facility \| Minimum
Debt Instrument [Line Items]
Long-term debt, basis spread on variable rate	1.50%
Line of Credit Facility, Commitment Fee Percentage	0.30%
Secured Debt \| Revolving Credit Facility \| Maximum
Debt Instrument [Line Items]
Long-term debt, basis spread on variable rate	2.25%
Line of Credit Facility, Commitment Fee Percentage	0.40%
Revolving Credit Facility
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity		500,000
Proceeds from lines of credit		185,000
Revolving credit facility, amount outstanding		0	$ 35,000
Letter of Credit
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity		$ 100,000

Debt Detail of Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Deferred Payment Obligation, Interest Payment	$ 2,000	$ 2,000	$ 6,007	$ 6,022
Amortization of Debt Issuance Costs (DIC) and Original Issue Discount (OID)	1,188	2,102	4,584	6,276
Interest Expense, Other	17	33	170	117
Interest Expense	14,176	17,762	46,757	52,937
Secured Debt \| Term Loan A
Debt Instrument [Line Items]
Interest Expense, Debt	7,585	5,372	20,344	16,216
Secured Debt \| Term Loan B
Debt Instrument [Line Items]
Interest Expense, Debt	3,386	8,062	15,349	24,097
Revolving Credit Facility
Debt Instrument [Line Items]
Interest Expense, Debt	$ 0	$ 193	$ 303	$ 209

Income Taxes (Details)	3 Months Ended		9 Months Ended
Income Taxes (Details)	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Effective income tax rate	40.00%	(22.90%)	38.70%	20.50%
Statutory rate	35.00%		35.00%

Other Long-Term Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2016
Other Liabilities Disclosure [Abstract]
Deferred rent	$ 60,992	$ 53,170
Postretirement benefit obligations	122,754	118,554
Other	7,002	5,598
Total other long-term liabilities	$ 190,748	$ 177,322

Employee Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Employee Benefit Plans (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Mar. 31, 2016
Compensation and Retirement Disclosure [Abstract]
Employer Matching Contribution, Percent of Match			6.00%
Employees’ Capital Accumulation Plan, Total expense recognized	$ 28,100	$ 27,000	$ 84,800	$ 81,400
Employees’ Capital Accumulation Plan, Company-paid contributions	13,700	14,600	44,500	46,600
Officer Medical Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	1,213	1,426	3,638	4,277
Interest cost	1,196	1,126	3,587	3,379
Net actuarial loss	762	884	2,287	2,652
Total benefit cost	3,171	$ 3,436	9,512	$ 10,308
Defined benefit plan, unfunded status of plan	$ 118,600		$ 118,600		$ 114,000

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Equity [Abstract]
Beginning of period	$ (18,699)	$ (21,111)	$ (19,613)	$ (22,159)
Amounts reclassified from accumulated other comprehensive loss	481	534	1,395	1,582
Net current-period other comprehensive loss	481	534	1,395	1,582
End of period	$ (18,218)	$ (20,577)	$ (18,218)	$ (20,577)

Accumulated Other Comprehensive Loss (Reclassifications out of Accumulated Other Comprehensive Loss to Net Income) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Tax benefit	$ 37,025	$ (20,146)	$ 117,489	$ 58,871
Reclassification out of Accumulated Other Comprehensive Income \| Accumulated Defined Benefit Plans Adjustment
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Total before tax	762	884	2,287	2,652
Tax benefit	(281)	(350)	892	1,070
Net of tax	$ 481	$ 534	$ 1,395	$ 1,582

Stockholders' Equity (Common Stock Shares Activity) (Details) - USD ($)
$ in Millions

9 Months Ended

12 Months Ended

Dec. 31, 2016

Mar. 31, 2016

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Treasury stock, shares, beginning of period

5,398,596

2,999,393

Treasury stock, shares, end of period

5,627,874

5,398,596

Repurchase of common stock

229,278

^[1]

2,399,203

^[2]

Common stock, Class A

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Common stock, shares issued, beginning of period

153,391,058

150,237,675

Issuance of common stock

475,959

443,813

Stock options exercised

1,714,344

2,709,570

Common stock, shares issued, end of period

155,581,361

153,391,058

Repurchase of common stock

75,000.000

2,100,000.0

Repurchase of common stock, value, cost method

$ 2.3

$ 54.9

Special voting common stock, Class E

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Common stock, shares issued, beginning of period

1,851,589

Stock options exercised

(1,851,589)

^[3]

Common stock, shares issued, end of period

[1]	During fiscal 2017, the Company purchased 0.1 million shares of the Company’s Class A Common Stock in a series of open market transactions for $2.3 million. Additionally, the Company repurchased shares on June 30, 2016 to cover the minimum statutory withholding taxes on restricted stock awards and restricted stock units that vested on June 30, 2016. The Company also repurchased shares to cover the minimum statutory withholding taxes on restricted stock for departing officers
[2]	During fiscal 2016, the Company purchased 2.1 million shares of the Company’s Class A Common Stock in a series of open market transactions for $54.9 million. Additionally, the Company repurchased shares on June 30, 2015 and March 31, 2016 to cover the minimum statutory withholding taxes on restricted stock awards and restricted stock units that vested on June 30, 2015 and March 31, 2016, respectively. The Company also repurchased shares to cover the minimum statutory withholding taxes on restricted stock
[3]	On September 30, 2015, the Company purchased, at par value, all issued and outstanding shares of Class E special voting common stock in connection with the exercise of the final tranche of rollover options during the second quarter of fiscal 2016.

Stockholders' Equity (Employee Stock Purchase Plan) (Details) - shares	3 Months Ended	74 Months Ended
	Dec. 31, 2016	Dec. 31, 2016
Common stock, Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Employee Stock Purchase Plans	43,120	1,882,982

Stock-Based Compensation (Stock-based Compensation Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 5,453	$ 6,288	$ 16,034	$ 17,809
Stock options \| EIP
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	467	792	2,031	2,035
Restricted stock \| Annual Incentive Plan \| Common stock, Class A
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	4,986	5,496	14,003	15,774
Cost of revenue
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	1,535	954	4,233	3,237
General and administrative expenses
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 3,918	$ 5,334	$ 11,801	$ 14,572

Stock-Based Compensation (Unrecognized Compensation) (Details) $ in Thousands	9 Months Ended
	Dec. 31, 2016 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to unvested stock-based compensation agreements	$ 17,866
Unrecognized compensation cost, amortization period	4 years 3 months
EIP \| Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to unvested stock-based compensation agreements	$ 2,207
Unrecognized compensation cost, amortization period	2 years 11 months 19 days
Annual Incentive Plan \| Restricted stock \| Common stock, Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to unvested stock-based compensation agreements	$ 15,659
Unrecognized compensation cost, amortization period	1 year 11 months 5 days

Stock-Based Compensation (Stock Plans) (Details) - USD ($)	Oct. 26, 2016	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Price	$ 30.99
Stock options \| EIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	43,086
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 6.96
share-based compensation arrangement by share-based payment award, options, grants in period, grant date fair value	$ 300,000.0
Stock options outstanding		4,041,616
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number		1,003,871
Common stock, Class A \| Restricted stock units (RSUs) \| EIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	34,196
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 1,100,000

Stock-Based Compensation (Recorded and Unrecorded Stock-based Compensation Liability) (Details) - USD ($) $ in Millions	9 Months Ended
	Dec. 31, 2016	Mar. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost, amortization period	4 years 3 months
Special Cash Dividend
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recorded and unrecorded stock-based compensation liability, current and noncurrent	$ 1.5	$ 3.8
Stock options \| EIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost, amortization period	2 years 11 months 19 days
Stock options \| Special Cash Dividend \| EIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation liability, current	$ 1.0	2.3
Unrecorded stock-based compensation liability, current and noncurrent	$ 0.5	$ 1.5
Unrecognized compensation cost, amortization period	2 years 3 months

Fair Value Measurements (Details) - USD ($)
$ / shares in Units, $ in Thousands

9 Months Ended

Dec. 31, 2016

Mar. 31, 2016

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Cash And Cash Equivalents Invested In Money Market Funds, Net Asset Value, Per Share

$ 1.00

Fair Value, Measurements, Recurring

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Total cash and cash equivalents

$ 349,624

$ 187,529

Fair Value, Measurements, Recurring | Cash and cash equivalents

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Total cash and cash equivalents

61,385

42,102

Fair Value, Measurements, Recurring | Money market fund

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Total cash and cash equivalents

^[1]

288,239

145,427

Fair Value, Measurements, Recurring | Level 1

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Total cash and cash equivalents

61,385

42,102

Fair Value, Measurements, Recurring | Level 1 | Cash and cash equivalents

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Total cash and cash equivalents

61,385

42,102

Fair Value, Measurements, Recurring | Level 2

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Total cash and cash equivalents

288,239

145,427

Fair Value, Measurements, Recurring | Level 2 | Money market fund

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Total cash and cash equivalents

^[1]

288,239

145,427

Fair Value, Measurements, Recurring | Level 3

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Total cash and cash equivalents

$ 0

[1]

Level 2 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. Therefore, the fair value approximates the carrying value. Depending on our short-term liquidity needs, we make regular transfers between money market funds and other cash equivalents.

Related-Party Transactions (Details) - USD ($)	3 Months Ended		9 Months Ended
Related-Party Transactions (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Jul. 31, 2008
Related Party Transactions [Abstract]
Management Agreement, Annual Fee					$ 1,000,000.0
Management agreement, advisory fees	$ 250,000	$ 250,000	$ 750,000	$ 750,000

Commitments and Contingencies (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Mar. 31, 2016
Contracts with U.S. government agencies or other U.S. government contractors
Concentration Risk [Line Items]
Concentration risk, percentage	97.00%	97.00%	97.00%	97.00%
Unfavorable Regulatory Action
Loss Contingencies [Line Items]
Liability for reductions and/or penalties from U.S Governement audits	$ 197.7		$ 197.7		$ 189.9
Financial Standby Letter of Credit
Concentration Risk [Line Items]
Guarantor Obligations, Current Carrying Value	9.6		9.6		6.6
Guarantor Obligations, Liquidation Proceeds, Monetary Amount			1.7		1.8
Guarantor Obligations, Facility	10.0		10.0
Guarantor Obligations, Available Amount	$ 2.1		$ 2.1		$ 5.2

Commitments and Contingencies (Litigation) (Details) $ in Millions			3 Months Ended		9 Months Ended		12 Months Ended	17 Months Ended	81 Months Ended
	Jan. 09, 2017 claims	Apr. 16, 2015 claims	Dec. 31, 2016 claims	Dec. 31, 2015	Dec. 31, 2016 USD ($) claims	Dec. 31, 2015	Mar. 31, 2016 USD ($)	Dec. 15, 2009 claims plaintiffs	Dec. 31, 2016 claims	Sep. 24, 2014 claims	Sep. 23, 2014 claims	Sep. 07, 2010 claims	Jul. 02, 2010 claims
Former stockholder litigation
Loss Contingencies [Line Items]
Loss contingencies, number of plaintiffs \| plaintiffs								6
Loss contingencies, new claims filed, number								9
Loss contingencies, claims amended, number										1	2	1	3
Loss contingencies, claims dismissed, number									3
Loss contingencies, claims settled, number		1
Loss contingencies, pending claims, number			3		3				3
Former stockholder litigation \| United States Court of Appeals for the Second Circuit
Loss Contingencies [Line Items]
Loss contingencies, pending claims, number			3		3				3
Former stockholder litigation \| RICO
Loss Contingencies [Line Items]
Loss contingencies, damages sought, value \| $					$ 241.5		$ 291.7
Government Contracts Concentration Risk [Member]
Loss Contingencies [Line Items]
Concentration risk, percentage			97.00%	97.00%	97.00%	97.00%
Subsequent Event \| Former stockholder litigation
Loss Contingencies [Line Items]
Loss contingencies, claims dismissed, number	1

Subsequent Events Subsequent Events (Details) - USD ($) $ in Millions		3 Months Ended
	Jan. 24, 2017	Dec. 31, 2016	Jan. 25, 2017
Subsequent Event [Line Items]
Stock Repurchase Program, Authorized Amount		$ 180.0
Subsequent Event
Subsequent Event [Line Items]
Stock Repurchase Program, Authorized Amount			$ 410.0
Stock Repurchase Program, Remaining Authorized Repurchase Amount			$ 300.0
eGov Holdings, Inc. (d/b/a Aquilent)
Subsequent Event [Line Items]
Business Acquisition, Transaction Costs		$ 2.0
eGov Holdings, Inc. (d/b/a Aquilent) \| Subsequent Event
Subsequent Event [Line Items]
Payments to Acquire Businesses, Gross	$ 250.0