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Segment Information (Tables)
9 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Segment Revenues and Operating Profits (Losses)

Segment revenues and operating profits (losses) for the three and nine months ended December 31, 2021 and 2020 were as follows:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

December 31, 2021

 

 

December 31, 2020

 

 

December 31, 2021

 

 

December 31, 2020

 

 

 

(In thousands)

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

Satellite services

 

 

 

 

 

 

 

 

 

 

 

 

Product

 

$

 

 

$

 

 

$

 

 

$

 

Service

 

 

309,711

 

 

 

220,789

 

 

 

883,938

 

 

 

638,660

 

Total

 

 

309,711

 

 

 

220,789

 

 

 

883,938

 

 

 

638,660

 

Commercial networks

 

 

 

 

 

 

 

 

 

 

 

 

Product

 

 

123,059

 

 

 

75,690

 

 

 

343,525

 

 

 

197,560

 

Service

 

 

16,618

 

 

 

14,409

 

 

 

49,554

 

 

 

38,561

 

Total

 

 

139,677

 

 

 

90,099

 

 

 

393,079

 

 

 

236,121

 

Government systems

 

 

 

 

 

 

 

 

 

 

 

 

Product

 

 

193,084

 

 

 

190,824

 

 

 

574,548

 

 

 

575,568

 

Service

 

 

77,245

 

 

 

73,847

 

 

 

234,366

 

 

 

209,976

 

Total

 

 

270,329

 

 

 

264,671

 

 

 

808,914

 

 

 

785,544

 

Elimination of intersegment revenues

 

 

 

 

 

 

 

 

 

 

 

Total revenues

 

$

719,717

 

 

$

575,559

 

 

$

2,085,931

 

 

$

1,660,325

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating profits (losses):

 

 

 

 

 

 

 

 

 

 

 

 

Satellite services

 

$

14,152

 

 

$

11,457

 

 

$

43,711

 

 

$

21,083

 

Commercial networks

 

 

(44,572

)

 

 

(39,028

)

 

 

(127,601

)

 

 

(135,785

)

Government systems

 

 

42,478

 

 

 

50,644

 

 

 

133,866

 

 

 

148,002

 

Elimination of intersegment operating
   profits

 

 

 

 

 

 

 

 

 

 

Segment operating profit before corporate
   and amortization of acquired intangible
   assets

 

 

12,058

 

 

 

23,073

 

 

 

49,976

 

 

 

33,300

 

Corporate

 

 

 

 

 

 

 

 

 

 

Amortization of acquired intangible
   assets

 

 

(7,531

)

 

 

(1,313

)

 

 

(20,859

)

 

 

(4,171

)

Income from operations

 

$

4,527

 

 

$

21,760

 

 

$

29,117

 

 

$

29,129

 

Segment Assets Segment assets as of December 31, 2021 and March 31, 2021 were as follows:

 

 

 

As of
 December 31, 2021

 

 

As of
 March 31, 2021

 

 

 

(In thousands)

 

Segment assets:

 

 

 

 

 

 

Satellite services

 

$

437,337

 

 

$

64,048

 

Commercial networks

 

 

228,416

 

 

 

168,334

 

Government systems

 

 

477,909

 

 

 

470,389

 

Total segment assets

 

 

1,143,662

 

 

 

702,771

 

Corporate assets

 

 

4,943,132

 

 

 

4,646,696

 

Total assets

 

$

6,086,794

 

 

$

5,349,467

 

Other Acquired Intangible Assets, Net and Goodwill Included in Segment Assets and Amortization of Acquired Intangible Assets by Segment

Other acquired intangible assets, net and goodwill included in segment assets as of December 31, 2021 and March 31, 2021 were as follows:

 

 

 

Other Acquired Intangible
Assets, Net

 

 

Goodwill

 

 

 

As of
 December 31, 2021

 

 

As of
 March 31, 2021

 

 

As of
 December 31, 2021

 

 

As of
 March 31, 2021

 

 

 

(In thousands)

 

Satellite services

 

$

235,240

 

 

$

5,738

 

 

$

82,567

 

 

$

13,814

 

Commercial networks

 

 

 

 

 

 

 

 

44,083

 

 

 

44,044

 

Government systems

 

 

2,610

 

 

 

3,830

 

 

 

64,257

 

 

 

64,442

 

Total

 

$

237,850

 

 

$

9,568

 

 

$

190,907

 

 

$

122,300

 

 

Amortization of acquired intangible assets by segment for the three and nine months ended December 31, 2021 and 2020 was as follows:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

December 31, 2021

 

 

December 31, 2020

 

 

December 31, 2021

 

 

December 31, 2020

 

 

 

(In thousands)

 

Satellite services

 

$

7,231

 

 

$

557

 

 

$

19,650

 

 

$

1,612

 

Commercial networks

 

 

 

 

 

 

 

 

 

 

 

257

 

Government systems

 

 

300

 

 

 

756

 

 

 

1,209

 

 

 

2,302

 

Total amortization of acquired
   intangible assets

 

$

7,531

 

 

$

1,313

 

 

$

20,859

 

 

$

4,171

 

Revenues by Geographic Area

Revenues by geographic area for the three and nine months ended December 31, 2021 and 2020 were as follows:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

December 31, 2021

 

 

December 31, 2021

 

 

 

(In thousands)

 

U.S. customers

 

$

616,682

 

 

$

1,782,459

 

Non-U.S. customers (each country individually insignificant)

 

 

103,035

 

 

 

303,472

 

Total revenues

 

$

719,717

 

 

$

2,085,931

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

December 31, 2020

 

 

December 31, 2020

 

 

 

(In thousands)

 

U.S. customers

 

$

512,439

 

 

$

1,523,969

 

Non-U.S. customers (each country individually insignificant)

 

 

63,120

 

 

 

136,356

 

Total revenues

 

$

575,559

 

 

$

1,660,325