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Segment Information (Tables)
12 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Segment Revenues and Operating Profits (Losses)

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

 

Segment Assets 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 and Amortization of Acquired Intangible Assets by Segment

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

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