Income Taxes (Tables)

12 Months Ended

Mar. 31, 2023

Income Tax Disclosure [Abstract]

Components of (loss) Income Before Income Taxes

The components of income (loss) before income taxes by jurisdiction are as follows:

	Fiscal Years Ended
	March 31,  2023			March 31,  2022			March 31,  2021
	(In thousands)
United States	$	(94,019	)	$	(119,249	)	$	(55,743	)
Foreign		(68,136	)		(18,661	)		(22,457	)
	$	(162,155	)	$	(137,910	)	$	(78,200	)

Summary of Benefit from (Provision for) Income Taxes

The benefit from (provision for) income taxes includes the following:

	Fiscal Years Ended
	March 31,  2023			March 31,  2022			March 31,  2021
	(In thousands)
Current tax provision
Federal	$	(11,494	)	$	(7,097	)	$	(8,573	)
State		(5,231	)		(2,041	)		(3,386	)
Foreign		(5,965	)		(4,042	)		449
		(22,690	)		(13,180	)		(11,510	)
Deferred tax benefit
Federal		40,889			39,049			22,837
State		(80,715	)		8,057			(704	)
Foreign		13,098			2,591			571
		(26,728	)		49,697			22,704
Total benefit from (provision for) income taxes	$	(49,418	)	$	36,517		$	11,194

Components of Net Deferred Tax Assets

Significant components of the Company’s net deferred tax assets are as follows:

	As of
	March 31,  2023			March 31,  2022
	(In thousands)
Deferred tax assets:
Net operating loss carryforwards	$	71,838		$	251,276
Tax credit carryforwards		115,418			299,165
Capitalized research and development costs		75,152		—
Operating lease liabilities		78,562			93,580
Deferred revenue		24,123			21,546
Other		107,368			99,074
Valuation allowance		(150,047	)		(78,071	)
Total deferred tax assets		322,414			686,570
Deferred tax liabilities:
Intangible assets		(99,629	)		(119,299	)
Property, equipment and satellites		(187,896	)		(163,560	)
Operating lease assets		(68,150	)		(87,677	)
Other		(29,004	)		(28,261	)
Total deferred tax liabilities		(384,679	)		(398,797	)
Net deferred tax assets (liabilities)	$	(62,265	)	$	287,773

Reconciliation of Benefit from (Provision for) Income Taxes to Amount Computed by Applying Statutory Federal Income Tax Rate to (Loss) Income before Income Taxes

A reconciliation of the benefit from (provision for) income taxes to the amount computed by applying the statutory federal income tax rate to income (loss) before income taxes is as follows:

	Fiscal Years Ended
	March 31,  2023			March 31,  2022			March 31,  2021
	(In thousands)
Tax benefit (provision) at federal statutory rate	$	34,047		$	28,964		$	16,422
State tax provision, net of federal benefit		202			1,330			(424	)
Tax credits, net of valuation allowance		22,763			21,647			17,885
Valuation allowance on California R&D tax credits		(72,438	)	—			—
Non-deductible compensation		(3,096	)		(5,771	)		(5,728	)
Non-deductible transaction costs		(167	)		(1,361	)	—
Non-deductible meals and entertainment		(693	)		(311	)		(354	)
Stock-based compensation		(12,032	)		(7,402	)		(9,466	)
Change in state effective tax rate		458			539			(2,360	)
Base Erosion and Anti-Abuse Tax (BEAT)		(8,610	)	—			—
Foreign effective tax rate differential, net of    valuation allowance		(5,769	)		(6,201	)		(3,046	)
Unremitted subsidiary gains		(887	)		(1,565	)		(1,682	)
Change to indefinite reinvestment assertion (EBI)	—				8,071		—
Other		(3,196	)		(1,423	)		(53	)
Total benefit from (provision for) income taxes	$	(49,418	)	$	36,517		$	11,194

Summary of Activity Related to Unrecognized Tax Benefits

The following table summarizes the activity related to the Company’s unrecognized tax benefits:

	As of
	March 31,  2023		March 31,  2022		March 31,  2021
	(In thousands)
Balance, beginning of fiscal year	$	112,806	$	92,962	$	80,591
Increase (decrease) related to prior year tax positions		809		7,486		(828	)
Increases related to current year tax positions		16,123		12,358		13,199
Balance, end of fiscal year	$	129,738	$	112,806	$	92,962