Discontinued Operations - (Tables)

9 Months Ended

Dec. 31, 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 December 31, 2022 and March 31, 2022:

	As of  December 31, 2022		As of  March 31, 2022
	(In thousands)
Accounts receivable, net	$	45,230	$	47,097
Inventories		145,234		144,026
Prepaid expenses and other current assets		9,397		6,468
Property, equipment, and satellites, net		40,740		36,921
Operating lease right-of-use assets		11,336		12,837
Goodwill		21,203		21,403
Other assets		10,264		6,350
Total assets of discontinued operations	$	283,404	$	275,102
Accounts payable	$	21,107	$	18,415
Accrued and other liabilities		28,211		33,858
Non-current operating lease liabilities		9,753		11,486
Other liabilities		5,043		4,295
Total liabilities of discontinued operations	$	64,114	$	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 nine months ended December 31, 2022 and 2021:

	Three Months Ended						Nine Months Ended
	December 31, 2022			December 31, 2021			December 31, 2022			December 31, 2021
	(In thousands)
Revenues	$	62,650		$	94,450		$	247,069		$	275,499
Operating expenses:
Cost of revenues		41,995			55,889			157,355			167,311
Other operating expenses		6,878			5,303			24,062			14,570
Net income (loss) from discontinued operations before income taxes	$	13,777		$	33,258		$	65,652		$	93,618
(Provision for) benefit from income taxes		(9,444	)		(6,805	)		(21,607	)		(18,497	)
Net income (loss) from discontinued operations, net of tax	$	4,333		$	26,453		$	44,045		$	75,121

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 nine months ended December 31, 2022 and 2021:

	Nine Months Ended
	December 31, 2022		December 31, 2021
	(In thousands)
Depreciation	$	5,909	$	7,675
Amortization of intangible assets		897		1,421
Capital expenditures		10,950		8,742