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

Segment revenues and operating profits (losses) for the three and nine months ended December 31, 2022 and 2021 were as follows:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

December 31, 2022

 

 

December 31, 2021

 

 

December 31, 2022

 

 

December 31, 2021

 

 

 

(In thousands)

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

Satellite services

 

 

 

 

 

 

 

 

 

 

 

 

Product

 

$

 

 

$

 

 

$

 

 

$

 

Service

 

 

302,412

 

 

 

309,711

 

 

 

915,059

 

 

 

883,938

 

Total

 

 

302,412

 

 

 

309,711

 

 

 

915,059

 

 

 

883,938

 

Commercial networks

 

 

 

 

 

 

 

 

 

 

 

 

Product

 

 

147,163

 

 

 

123,059

 

 

 

400,569

 

 

 

343,525

 

Service

 

 

20,060

 

 

 

16,618

 

 

 

59,465

 

 

 

49,554

 

Total

 

 

167,223

 

 

 

139,677

 

 

 

460,034

 

 

 

393,079

 

Government systems

 

 

 

 

 

 

 

 

 

 

 

 

Product

 

 

102,152

 

 

 

103,649

 

 

 

282,200

 

 

 

314,830

 

Service

 

 

79,657

 

 

 

72,230

 

 

 

232,766

 

 

 

218,585

 

Total

 

 

181,809

 

 

 

175,879

 

 

 

514,966

 

 

 

533,415

 

Elimination of intersegment revenues

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues

 

$

651,444

 

 

$

625,267

 

 

$

1,890,059

 

 

$

1,810,432

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating profits (losses):

 

 

 

 

 

 

 

 

 

 

 

 

Satellite services

 

$

(8,421

)

 

$

11,459

 

 

$

(13,142

)

 

$

35,714

 

Commercial networks

 

 

(40,266

)

 

 

(51,687

)

 

 

(90,442

)

 

 

(147,800

)

Government systems

 

 

24,809

 

 

 

19,028

 

 

 

42,655

 

 

 

68,444

 

Elimination of intersegment operating
   profits (loss)

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

(23,878

)

 

 

(21,200

)

 

 

(60,929

)

 

 

(43,642

)

Corporate

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of acquired intangible
   assets

 

 

(7,433

)

 

 

(7,531

)

 

 

(22,335

)

 

 

(20,859

)

Income (loss) from operations

 

$

(31,311

)

 

$

(28,731

)

 

$

(83,264

)

 

$

(64,501

)

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

 

 

 

As of
 December 31, 2022

 

 

As of
 March 31, 2022

 

 

 

(In thousands)

 

Segment assets:

 

 

 

 

 

 

Satellite services

 

$

421,343

 

 

$

444,976

 

Commercial networks

 

 

301,408

 

 

 

202,941

 

Government systems

 

 

279,576

 

 

 

266,641

 

Total segment assets

 

 

1,002,327

 

 

 

914,558

 

Corporate assets

 

 

5,516,193

 

 

 

5,199,686

 

Assets of discontinued operations

 

 

283,404

 

 

 

275,102

 

Total assets

 

$

6,801,924

 

 

$

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 December 31, 2022 and March 31, 2022 were as follows:

 

 

 

Other Acquired Intangible
Assets, Net

 

 

Goodwill

 

 

 

As of
 December 31, 2022

 

 

As of
 March 31, 2022

 

 

As of
 December 31, 2022

 

 

As of
 March 31, 2022

 

 

 

(In thousands)

 

Satellite services

 

$

205,776

 

 

$

233,740

 

 

$

79,947

 

 

$

81,972

 

Commercial networks

 

 

 

 

 

 

 

 

44,056

 

 

 

44,050

 

Government systems

 

 

1,398

 

 

 

2,303

 

 

 

42,290

 

 

 

42,688

 

Total

 

$

207,174

 

 

$

236,043

 

 

$

166,293

 

 

$

168,710

 

 

Amortization of acquired intangible assets by segment for the three and nine months ended December 31, 2022 and 2021 was as follows:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

December 31, 2022

 

 

December 31, 2021

 

 

December 31, 2022

 

 

December 31, 2021

 

 

 

(In thousands)

 

Satellite services

 

$

7,142

 

 

$

7,231

 

 

$

21,458

 

 

$

19,650

 

Commercial networks

 

 

 

 

 

 

 

 

 

 

 

 

Government systems

 

 

291

 

 

 

300

 

 

 

877

 

 

 

1,209

 

Total amortization of acquired
   intangible assets

 

$

7,433

 

 

$

7,531

 

 

$

22,335

 

 

$

20,859

 

Revenues by Geographic Area

Revenues by geographic area for the three and nine months ended December 31, 2022 and 2021 were as follows:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

December 31, 2022

 

 

December 31, 2022

 

 

 

(In thousands)

 

U.S. customers

 

$

542,702

 

 

$

1,590,535

 

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

 

 

108,742

 

 

 

299,524

 

Total revenues

 

$

651,444

 

 

$

1,890,059

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

December 31, 2021

 

 

December 31, 2021

 

 

 

(In thousands)

 

U.S. customers

 

$

527,755

 

 

$

1,531,176

 

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

 

 

97,512

 

 

 

279,256

 

Total revenues

 

$

625,267

 

 

$

1,810,432