Discontinued Operations - (Tables)

6 Months Ended

Sep. 30, 2022

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations Financial Information

The following table presents key components of assets and liabilities that are classified as discontinued operations on the condensed consolidated balance sheets as of September 30, 2022 and March 31, 2022:

	As of  September 30, 2022		As of  March 31, 2022
	(In thousands)
Accounts receivable, net	$	60,748	$	47,097
Inventories		137,304		144,026
Prepaid expenses and other current assets		7,108		6,468
Property, equipment, and satellites, net		37,878		36,921
Operating lease right-of-use assets		11,835		12,837
Goodwill		20,993		21,403
Other assets		9,383		6,350
Total assets of discontinued operations	$	285,249	$	275,102
Accounts payable	$	18,534	$	18,415
Accrued and other liabilities		33,137		33,858
Non-current operating lease liabilities		10,336		11,486
Other liabilities		5,477		4,295
Total liabilities of discontinued operations	$	67,484	$	68,054

The operating results of the discontinued operations only reflect revenues and expenses that are directly attributable to the Link-16 TDL Business that will be eliminated from continuing operations. The following table presents key components of “Net income (loss) from discontinued operations, net of tax” for the three and six months ended September 30, 2022 and 2021:

	Three Months Ended						Six Months Ended
	September 30, 2022			September 30, 2021			September 30, 2022			September 30, 2021
	(In thousands)
Revenues	$	88,128		$	92,197		$	194,917		$	186,277
Operating expenses:
Cost of revenues		54,090			54,603			120,448			113,737
Other operating expenses		8,198			4,878			17,184			9,267
Net income (loss) from discontinued operations before income taxes	$	25,840		$	32,716		$	57,285		$	63,273
(Provision for) benefit from income taxes		(679	)		(6,236	)		(13,493	)		(12,529	)
Net income (loss) from discontinued operations, net of tax	$	25,161		$	26,480		$	43,792		$	50,744

The cash flows related to discontinued operations have not been segregated and are included in the condensed consolidated statements of cash flows. The following table presents key cash flow and non-cash information related to discontinued operations for the six months ended September 30, 2022 and 2021:

	Six Months Ended
	September 30, 2022		September 30, 2021
	(In thousands)
Depreciation	$	5,909	$	5,152
Amortization of intangible assets		897		1,091
Capital expenditures		7,731		6,782