Income Taxes (Tables)

12 Months Ended

Mar. 31, 2022

Income Tax Disclosure [Abstract]

Components of (loss) Income Before Income Taxes

The components of (loss) income before income taxes by jurisdiction are as follows:

	Fiscal Years Ended
	March 31,  2022			March 31,  2021			March 31,  2020
	(In thousands)
United States	$	2,222		$	48,443		$	27,000
Foreign		(18,661	)		(22,457	)		(25,572	)
	$	(16,439	)	$	25,986		$	1,428

Summary of Benefit from (Provision for) Income Taxes

The benefit from (provision for) income taxes includes the following:

	Fiscal Years Ended
	March 31,  2022			March 31,  2021			March 31,  2020
	(In thousands)
Current tax provision
Federal	$	(7,097	)	$	(8,573	)	$	(5,935	)
State		(2,041	)		(3,386	)		(1,465	)
Foreign		(4,042	)		449			(327	)
		(13,180	)		(11,510	)		(7,727	)
Deferred tax benefit
Federal		12,961			708			9,889
State		11,865			823			5,797
Foreign		2,591			538			(44	)
		27,417			2,069			15,642
Total benefit from (provision for) income taxes	$	14,237		$	(9,441	)	$	7,915

Components of Net Deferred Tax Assets

Significant components of the Company’s net deferred tax assets are as follows:

	As of
	March 31,  2022			March 31,  2021
	(In thousands)
Deferred tax assets:
Net operating loss carryforwards	$	251,276		$	187,900
Tax credit carryforwards		299,165			272,126
Operating lease liabilities		93,580			88,259
Deferred revenue		21,546			21,345
Other		99,074			82,222
Valuation allowance		(78,071	)		(47,076	)
Total deferred tax assets		686,570			604,776
Deferred tax liabilities:
Intangible assets		(119,299	)		(71,335	)
Property, equipment and satellites		(163,560	)		(142,899	)
Operating lease assets		(87,677	)		(83,065	)
Other		(28,261	)		(34,208	)
Total deferred tax liabilities		(398,797	)		(331,507	)
Net deferred tax assets	$	287,773		$	273,269

Reconciliation of Benefit from (Provision for) Income Taxes to Amount Computed by Applying Statutory Federal Income Tax Rate to (Loss) Income before Income Taxes

reconciliation of the benefit from (provision for) income taxes to the amount computed by applying the statutory federal income tax rate to (loss) income before income taxes is as follows:

	Fiscal Years Ended
	March 31,  2022			March 31,  2021			March 31,  2020
	(In thousands)
Tax benefit (provision) at federal statutory rate	$	3,455		$	(5,457	)	$	(300	)
State tax provision, net of federal benefit		(653	)		(5,067	)		(1,093	)
Tax credits, net of valuation allowance		27,052			24,272			25,153
Non-deductible compensation		(5,771	)		(5,728	)		(7,150	)
Non-deductible transaction costs		(1,361	)	—			—
Non-deductible meals and entertainment		(337	)		(386	)		(1,075	)
Stock-based compensation		(7,569	)		(9,901	)		780
Change in state effective tax rate		539			(2,360	)		(14	)
Foreign effective tax rate differential, net of    valuation allowance		(6,201	)		(3,046	)		(5,707	)
Unremitted subsidiary gains		(1,565	)		(1,682	)		(2,742	)
Change to indefinite reinvestment assertion (EBI)		8,071		—			—
Change in federal tax rate due to 2020 CARES    Act	—			—				567
Other		(1,423	)		(86	)		(504	)
Total benefit from (provision for) income taxes	$	14,237		$	(9,441	)	$	7,915

Summary of Activity Related to Unrecognized Tax Benefits

The following table summarizes the activity related to the Company’s unrecognized tax benefits:

	As of
	March 31,  2022		March 31,  2021			March 31,  2020
	(In thousands)
Balance, beginning of fiscal year	$	92,962	$	80,591		$	68,156
Increase (decrease) related to prior year tax positions		7,486		(828	)		(949	)
Increases related to current year tax positions		12,358		13,199			13,384
Balance, end of fiscal year	$	112,806	$	92,962		$	80,591