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Segment Information (Tables)
6 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Segment Revenues and Operating Profits (Losses)

Segment revenues and operating profits (losses) for the three and six months ended September 30, 2022 and 2021 were as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

September 30, 2022

 

 

September 30, 2021

 

 

September 30, 2022

 

 

September 30, 2021

 

 

 

(In thousands)

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

Satellite services

 

 

 

 

 

 

 

 

 

 

 

 

Product

 

$

 

 

$

 

 

$

 

 

$

 

Service

 

 

300,547

 

 

 

300,110

 

 

 

612,647

 

 

 

574,227

 

Total

 

 

300,547

 

 

 

300,110

 

 

 

612,647

 

 

 

574,227

 

Commercial networks

 

 

 

 

 

 

 

 

 

 

 

 

Product

 

 

159,831

 

 

 

118,935

 

 

 

253,406

 

 

 

220,466

 

Service

 

 

20,196

 

 

 

15,871

 

 

 

39,405

 

 

 

32,936

 

Total

 

 

180,027

 

 

 

134,806

 

 

 

292,811

 

 

 

253,402

 

Government systems

 

 

 

 

 

 

 

 

 

 

 

 

Product

 

 

95,030

 

 

 

102,120

 

 

 

170,700

 

 

 

206,231

 

Service

 

 

81,079

 

 

 

72,121

 

 

 

151,959

 

 

 

146,077

 

Total

 

 

176,109

 

 

 

174,241

 

 

 

322,659

 

 

 

352,308

 

Elimination of intersegment revenues

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues

 

$

656,683

 

 

$

609,157

 

 

$

1,228,117

 

 

$

1,179,937

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating profits (losses):

 

 

 

 

 

 

 

 

 

 

 

 

Satellite services

 

$

(6,066

)

 

$

14,313

 

 

$

(4,721

)

 

$

24,255

 

Commercial networks

 

 

(796

)

 

 

(52,012

)

 

 

(50,176

)

 

 

(96,113

)

Government systems

 

 

15,385

 

 

 

20,680

 

 

 

12,436

 

 

 

46,503

 

Elimination of intersegment operating
   profits (loss)

 

 

 

 

 

 

 

 

 

 

 

 

Segment operating profit (loss) before corporate
   and amortization of acquired intangible
   assets

 

 

8,523

 

 

 

(17,019

)

 

 

(42,461

)

 

 

(25,355

)

Corporate

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of acquired intangible
   assets

 

 

(7,379

)

 

 

(7,399

)

 

 

(14,902

)

 

 

(13,328

)

Income (loss) from operations

 

$

1,144

 

 

$

(24,418

)

 

$

(57,363

)

 

$

(38,683

)

Segment Assets Segment assets as of September 30, 2022 and March 31, 2022 were as follows:

 

 

 

As of
 September 30, 2022

 

 

As of
 March 31, 2022

 

 

 

(In thousands)

 

Segment assets:

 

 

 

 

 

 

Satellite services

 

$

411,774

 

 

$

444,976

 

Commercial networks

 

 

259,646

 

 

 

202,941

 

Government systems

 

 

265,801

 

 

 

266,641

 

Total segment assets

 

 

937,221

 

 

 

914,558

 

Corporate assets

 

 

5,287,810

 

 

 

5,199,686

 

Assets of discontinued operations

 

 

285,249

 

 

 

275,102

 

Total assets

 

$

6,510,280

 

 

$

6,389,346

 

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 September 30, 2022 and March 31, 2022 were as follows:

 

 

 

Other Acquired Intangible
Assets, Net

 

 

Goodwill

 

 

 

As of
 September 30, 2022

 

 

As of
 March 31, 2022

 

 

As of
 September 30, 2022

 

 

As of
 March 31, 2022

 

 

 

(In thousands)

 

Satellite services

 

$

209,599

 

 

$

233,740

 

 

$

76,187

 

 

$

81,972

 

Commercial networks

 

 

 

 

 

 

 

 

43,945

 

 

 

44,050

 

Government systems

 

 

1,674

 

 

 

2,303

 

 

 

41,871

 

 

 

42,688

 

Total

 

$

211,273

 

 

$

236,043

 

 

$

162,003

 

 

$

168,710

 

 

Amortization of acquired intangible assets by segment for the three and six months ended September 30, 2022 and 2021 was as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

September 30, 2022

 

 

September 30, 2021

 

 

September 30, 2022

 

 

September 30, 2021

 

 

 

(In thousands)

 

Satellite services

 

$

7,088

 

 

$

7,097

 

 

$

14,316

 

 

$

12,419

 

Commercial networks

 

 

 

 

 

 

 

 

 

 

 

 

Government systems

 

 

291

 

 

 

302

 

 

 

586

 

 

 

909

 

Total amortization of acquired
   intangible assets

 

$

7,379

 

 

$

7,399

 

 

$

14,902

 

 

$

13,328

 

Revenues by Geographic Area

Revenues by geographic area for the three and six months ended September 30, 2022 and 2021 were as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

September 30, 2022

 

 

September 30, 2022

 

 

 

(In thousands)

 

U.S. customers

 

$

557,457

 

 

$

1,037,485

 

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

 

 

99,226

 

 

 

190,632

 

Total revenues

 

$

656,683

 

 

$

1,228,117

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

September 30, 2021

 

 

September 30, 2021

 

 

 

(In thousands)

 

U.S. customers

 

$

508,944

 

 

$

998,193

 

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

 

 

100,213

 

 

 

181,744

 

Total revenues

 

$

609,157

 

 

$

1,179,937