Segment Information

12 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Segment Information

Note 15 — Segment Information

The Company’s reporting segments, comprised of the satellite services, commercial networks and government systems segments, are primarily distinguished by the type of customer and the related contractual requirements. The Company’s satellite services segment provides satellite-based broadband and related services to residential customers, Prepaid Internet hotspot users, enterprises, commercial airlines and other mobile broadband customers. The Company’s commercial networks segment develops and offers advanced satellite and wireless broadband platforms, ground networking equipment, radio frequency and advanced microwave solutions, Application-Specific Integrated Circuit chip design, satellite payload development and space-to-earth connectivity systems, some of which are ultimately used by the Company’s satellite services segment. The Company’s government systems segment provides global mobile broadband services to military and government users and develops and offers network-centric, internet protocol-based fixed and mobile secure communications products and solutions. The more regulated government environment is subject to unique contractual requirements and possesses economic characteristics which differ from the satellite services and commercial

networks segments. The Company’s segments are determined consistent with the way management currently organizes and evaluates financial information internally for making operating decisions and assessing performance.

Segment revenues and operating profits (losses) for the fiscal years ended March 31, 2022, 2021 and 2020 were as follows:

	Fiscal Years Ended
	March 31, 2022			March 31, 2021			March 31, 2020
	(In thousands)
Revenues:
Satellite services
Product	$	—		$	—		$	—
Service		1,188,816			868,943			826,583
Total		1,188,816			868,943			826,583
Commercial networks
Product		443,435			268,830			289,959
Service		68,664			52,026			54,598
Total		512,099			320,856			344,557
Government systems
Product		766,976			775,620			882,582
Service		319,744			290,688			255,516
Total		1,086,720			1,066,308			1,138,098
Elimination of intersegment revenues		—			—			—
Total revenues	$	2,787,635		$	2,256,107		$	2,309,238
Operating profits (losses):
Satellite services	$	42,862		$	35,853		$	7,015
Commercial networks		(180,298	)		(180,749	)		(186,877	)
Government systems		174,495			208,611			225,894
Elimination of intersegment operating profits		—			—			—
Segment operating profit before corporate and    amortization of acquired intangible assets		37,059			63,715			46,032
Corporate		—			—			—
Amortization of acquired intangible assets		(28,729	)		(5,482	)		(7,611	)
Income from operations	$	8,330		$	58,233		$	38,421

Assets identifiable to segments include: accounts receivable, unbilled accounts receivable, inventory, acquired intangible assets and goodwill. The Company’s property and equipment, including its satellites, earth stations and other networking equipment, are assigned to corporate assets as they are available for use by the various segments throughout their estimated useful lives. Segment assets as of March 31, 2022 and 2021 were as follows:

	As of March 31,  2022		As of March 31,  2021
	(In thousands)
Segment assets:
Satellite services	$	444,976	$	64,048
Commercial networks		202,941		168,334
Government systems		479,166		470,389
Total segment assets		1,127,083		702,771
Corporate assets		5,262,263		4,646,696
Total assets	$	6,389,346	$	5,349,467

Other acquired intangible assets, net and goodwill included in segment assets as of March 31, 2022 and 2021 were as follows:

	Other Acquired Intangible    Assets, Net				Goodwill
	As of March 31,  2022		As of March 31,  2021		As of March 31,  2022		As of March 31,  2021
	(In thousands)
Satellite services	$	233,740	$	5,738	$	81,972	$	13,814
Commercial networks		—		—		44,050		44,044
Government systems		2,303		3,830		64,091		64,442
Total	$	236,043	$	9,568	$	190,113	$	122,300

Amortization of acquired intangible assets by segment for the fiscal years ended March 31, 2022, 2021 and 2020 was as follows:

	Fiscal Years Ended
	March 31,  2022		March 31,  2021		March 31,  2020
	(In thousands)
Satellite services	$	27,220	$	2,164	$	2,897
Commercial networks		—		257		1,539
Government systems		1,509		3,061		3,175
Total amortization of acquired intangible assets	$	28,729	$	5,482	$	7,611

Revenues by geographic area for the fiscal years ended March 31, 2022, 2021 and 2020 were as follows:

	Fiscal Years Ended
	March 31,  2022		March 31,  2021		March 31,  2020
	(In thousands)
U.S. customers	$	2,376,252	$	2,063,832	$	2,057,458
Non U.S. customers (each country individually    insignificant)		411,383		192,275		251,780
Total revenues	$	2,787,635	$	2,256,107	$	2,309,238

The Company distinguishes revenues from external customers by geographic area based on customer location.

The net book value of long-lived assets located outside the United States was $148.4 million at March 31, 2022 and $74.6 million at March 31, 2021.