Basis of Presentation - Additional Information (Detail)
|
|
3 Months Ended |
|
|
|
May 30, 2023
USD ($)
shares
|
Jun. 30, 2023
USD ($)
Segment
shares
|
Jun. 30, 2022
USD ($)
shares
|
Mar. 31, 2023
USD ($)
shares
|
Oct. 01, 2022
USD ($)
|
Jun. 21, 2022
shares
|
Company And Summary Of Significant Accounting Policies [Line Items] |
|
|
|
|
|
|
Revenue, practical expedient, financing component |
|
true
|
|
|
|
|
Remaining performance obligations |
|
$ 3,800,000,000
|
|
|
|
|
Number of reportable segments | Segment |
|
3
|
|
|
|
|
Increase (decrease) in unbilled accounts receivable |
|
$ 25,800,000
|
|
|
|
|
Accounts receivable, Unbilled |
|
130,655,000
|
|
$ 104,889,000
|
|
|
Increase in collections in excess of revenues and deferred revenues |
|
159,600,000
|
|
|
|
|
Deferred revenues , long-term portion |
|
1,040,119,000
|
|
84,747,000
|
|
|
Collections in excess of revenues and deferred revenues, recognized revenue |
|
53,800,000
|
$ 75,600,000
|
|
|
|
Restricted cash relates to deposits required by certain counterparties as collateral pursuant to outstanding letters of credit |
|
33,964,000
|
|
30,532,000
|
|
|
Capitalized interest expense |
|
$ 56,700,000
|
33,600,000
|
|
|
|
Operating lease, existence of option to terminate |
|
true
|
|
|
|
|
Operating lease, option to terminate, description |
|
some of which include renewal options, and some of which include options to terminate the leases within one year.
|
|
|
|
|
Total capitalized costs related to patents |
|
$ 3,700,000
|
|
3,700,000
|
|
|
Total capitalized costs related to orbital slots and other licenses |
|
80,500,000
|
|
77,000,000
|
|
|
Accumulated amortization of patents, orbital slots and other licenses |
|
7,200,000
|
|
6,800,000
|
|
|
Debt issuance costs capitalized |
|
41,200,000
|
0
|
|
|
|
Capitalized costs, net, related to software developed for resale |
|
223,847,000
|
|
222,155,000
|
|
|
Capitalized cost related to software development for resale |
|
16,000,000
|
8,700,000
|
|
|
|
Amortization expense of capitalized software development costs |
|
14,400,000
|
9,200,000
|
|
|
|
Self-insurance liability |
|
7,700,000
|
|
7,900,000
|
|
|
Repurchase and immediate retirement of treasury shares pursuant to vesting of certain RSU agreements | value |
|
2,212,000
|
505,000
|
|
|
|
Stock-based compensation expense |
|
21,752,000
|
21,232,000
|
|
|
|
Interest expense |
|
$ 55,939,000
|
5,873,000
|
|
|
|
Interest rate cap contracts, description |
|
he interest rate cap contracts provided protection of USD LIBOR up to 2% and covered 98% of the total nominal amount of the Inmarsat Term Loan Facility. At the time of the acquisition, the Company continued to account for the interest rate cap contracts as cash-flow hedges.
|
|
|
|
|
Interest Rate Cap [Member] |
|
|
|
|
|
|
Company And Summary Of Significant Accounting Policies [Line Items] |
|
|
|
|
|
|
Gain (loss) in other comprehensive income arising from changes in the fair value of derivative contracts (designated as cash-flow hedging instruments) |
|
$ 12,700,000
|
|
|
|
|
Interest rate cap contracts |
|
52,600,000
|
|
|
|
|
Derivative contracts gain (loss) reclassified from other comprehensive income to interest expense (based on the nature of the underlying transaction) |
|
4,400,000
|
|
|
|
|
Interest Rate Cap [Member] | Other Current Assets [Member] |
|
|
|
|
|
|
Company And Summary Of Significant Accounting Policies [Line Items] |
|
|
|
|
|
|
Interest rate cap contracts |
|
52,600,000
|
|
|
|
|
Interest Rate Cap [Member] | Other Noncurrent Assets [Member] |
|
|
|
|
|
|
Company And Summary Of Significant Accounting Policies [Line Items] |
|
|
|
|
|
|
Interest rate cap contracts |
|
26,100,000
|
|
|
|
|
Letter of Credit [Member] |
|
|
|
|
|
|
Company And Summary Of Significant Accounting Policies [Line Items] |
|
|
|
|
|
|
Restricted cash relates to deposits required by certain counterparties as collateral pursuant to outstanding letters of credit |
|
34,000,000
|
|
30,500,000
|
|
|
Principal amount of debt |
|
150,000,000
|
|
|
|
|
Continuing Operations [Member] |
|
|
|
|
|
|
Company And Summary Of Significant Accounting Policies [Line Items] |
|
|
|
|
|
|
Stock-based compensation expense |
|
21,800,000
|
$ 20,200,000
|
|
|
|
Link-16 Tactical Data Link Business [Member] |
|
|
|
|
|
|
Company And Summary Of Significant Accounting Policies [Line Items] |
|
|
|
|
|
|
Disposal consideration |
|
|
|
|
$ 1,960,000,000
|
|
2023 Term Loan Facility [Member] |
|
|
|
|
|
|
Company And Summary Of Significant Accounting Policies [Line Items] |
|
|
|
|
|
|
Principal amount of debt |
$ 616,700,000
|
616,700,000
|
|
|
|
|
Bridge Facility [Member] |
|
|
|
|
|
|
Company And Summary Of Significant Accounting Policies [Line Items] |
|
|
|
|
|
|
Principal amount of debt |
$ 733,400,000
|
|
|
|
|
|
Term Loan Facility [Member] |
|
|
|
|
|
|
Company And Summary Of Significant Accounting Policies [Line Items] |
|
|
|
|
|
|
Principal amount of debt |
|
$ 700,000,000
|
|
|
|
|
Inmarsat Term Loan Facility [Member] |
|
|
|
|
|
|
Company And Summary Of Significant Accounting Policies [Line Items] |
|
|
|
|
|
|
Interest rate cap contracts percentage of protection of nominal amount |
98.00%
|
|
|
|
|
|
Accounting Standards Update 2021-08 [Member] |
|
|
|
|
|
|
Company And Summary Of Significant Accounting Policies [Line Items] |
|
|
|
|
|
|
Description of new accounting pronouncements |
|
In October 2021, the FASB issued ASU 2021-08, Business Combinations (ASC 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. ASU 2021-08 requires contract assets and contract liabilities acquired in a business combination to be recognized in accordance with ASC 606 as if the acquirer had originated the contracts. The Company adopted the new guidance prospectively in the first quarter of fiscal year 2024 and applied its provisions to the Inmarsat Acquisition (see Note 4 – Acquisition).
|
|
|
|
|
Accounting Standards Update 2022-01 [Member] |
|
|
|
|
|
|
Company And Summary Of Significant Accounting Policies [Line Items] |
|
|
|
|
|
|
Description of new accounting pronouncements |
|
In March 2022, the FASB issued ASU 2022-01, Derivatives and Hedging (ASC 815): Fair Value Hedging—Portfolio Layer Method. ASU 2022-01 clarifies the accounting and promotes consistency in reporting for hedges where the portfolio layer method is applied. The Company adopted the new guidance in the first quarter of fiscal year 2024 and the guidance did not have a material impact on its consolidated financial statements and disclosures.
|
|
|
|
|
Accounting Standards Update 2022-02 [Member] |
|
|
|
|
|
|
Company And Summary Of Significant Accounting Policies [Line Items] |
|
|
|
|
|
|
Description of new accounting pronouncements |
|
In March 2022, the FASB issued ASU 2022-02, Financial Instruments – Credit Losses (ASC 326): Troubled Debt Restructurings and Vintage Disclosures. ASU 2022-02 eliminates the accounting guidance for troubled debt restructurings by creditors in Subtopic 310-40, Receivables – Troubled Debt Restructurings by Creditors, while enhancing certain disclosure requirements for loan refinancings and restructurings by creditors when a borrower is experiencing financial difficulty. Furthermore, it requires that an entity disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases within the scope of Subtopic 326-20, Financial Instruments – Credit Losses – Measured at Amortized Cost. The Company adopted the new guidance prospectively in the first quarter of fiscal year 2024 and the guidance did not have a material impact on its consolidated financial statements and disclosures.
|
|
|
|
|
Accounting Standards Update 2022-03 [Member] |
|
|
|
|
|
|
Company And Summary Of Significant Accounting Policies [Line Items] |
|
|
|
|
|
|
Description of new accounting pronouncements |
|
In June 2022, the FASB issued ASU 2022-03, Fair Value Measurement (ASC 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions. ASU 2022-03 clarifies that a contractual restriction on the sale of an equity security is not considered in measuring the security's fair value. The standard also requires certain disclosures for equity securities that are subject to contractual restrictions. The new standard will become effective for the Company beginning in fiscal year 2025. The Company is currently evaluating the impact of this standard on its consolidated financial statements and disclosures.
|
|
|
|
|
Accounting Standards Update 2022-04 [Member] |
|
|
|
|
|
|
Company And Summary Of Significant Accounting Policies [Line Items] |
|
|
|
|
|
|
Description of new accounting pronouncements |
|
In September 2022, the FASB issued ASU 2022-04, Liabilities – Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations. ASU 2022-04 enhances the transparency of supplier finance programs. In each annual reporting period, the buyer in a supplier finance program is required to disclose information about the key terms of the program, the outstanding confirmed amounts, a rollforward of such amounts, and a description of where those obligations are presented in the balance sheet. In each interim reporting period, the buyer should disclose the outstanding confirmed amounts as of the end of the interim period. The Company adopted the new guidance in the first quarter of fiscal year 2024 (including early adoption of the amendment on the rollforward information) and the guidance did not have a material impact on its consolidated financial statements and disclosures.
|
|
|
|
|
Accounting Standards Update 2023-01 [Member] |
|
|
|
|
|
|
Company And Summary Of Significant Accounting Policies [Line Items] |
|
|
|
|
|
|
Description of new accounting pronouncements |
|
In March 2023, the FASB issued ASU 2023-01, Leases (Topic 842) - Common Control Agreements. The amendments in this update that apply to public business entities clarify the accounting for leasehold improvements associated with common control leases. The new standard will become effective for the Company beginning in fiscal year 2025. The Company is currently evaluating the impact of this standard on its consolidated financial statements and disclosures.
|
|
|
|
|
CPE Leased Equipment [Member] |
|
|
|
|
|
|
Company And Summary Of Significant Accounting Policies [Line Items] |
|
|
|
|
|
|
Property, equipment and satellites, cost |
|
$ 609,183,000
|
|
395,427,000
|
|
|
Accumulated depreciation and amortization |
|
$ 216,000,000
|
|
213,600,000
|
|
|
Minimum [Member] |
|
|
|
|
|
|
Company And Summary Of Significant Accounting Policies [Line Items] |
|
|
|
|
|
|
Property, equipment and satellites, estimated useful life (years) |
|
2 years
|
|
|
|
|
Financing lease, remaining lease term |
|
1 year
|
|
|
|
|
Operating lease, remaining lease term |
|
1 year
|
|
|
|
|
Estimated useful life, years |
|
2 years
|
|
|
|
|
Minimum [Member] | Software Development Member |
|
|
|
|
|
|
Company And Summary Of Significant Accounting Policies [Line Items] |
|
|
|
|
|
|
Property, equipment and satellites, estimated useful life (years) |
|
3 years
|
|
|
|
|
Minimum [Member] | CPE Leased Equipment [Member] |
|
|
|
|
|
|
Company And Summary Of Significant Accounting Policies [Line Items] |
|
|
|
|
|
|
Property, equipment and satellites, estimated useful life (years) |
|
4 years
|
|
|
|
|
Maximum [Member] |
|
|
|
|
|
|
Company And Summary Of Significant Accounting Policies [Line Items] |
|
|
|
|
|
|
Property, equipment and satellites, estimated useful life (years) |
|
38 years
|
|
|
|
|
Financing lease, remaining lease term |
|
3 years
|
|
|
|
|
Operating lease, remaining lease term |
|
10 years
|
|
|
|
|
Estimated useful life, years |
|
20 years
|
|
|
|
|
Maximum [Member] | LIBOR [Member] |
|
|
|
|
|
|
Company And Summary Of Significant Accounting Policies [Line Items] |
|
|
|
|
|
|
Interest rate cap |
2.00%
|
|
|
|
|
|
Maximum [Member] | Software Development Costs [Member] |
|
|
|
|
|
|
Company And Summary Of Significant Accounting Policies [Line Items] |
|
|
|
|
|
|
Estimated useful life, years |
|
5 years
|
|
|
|
|
Maximum [Member] | Software Development Member |
|
|
|
|
|
|
Company And Summary Of Significant Accounting Policies [Line Items] |
|
|
|
|
|
|
Property, equipment and satellites, estimated useful life (years) |
|
7 years
|
|
|
|
|
Maximum [Member] | CPE Leased Equipment [Member] |
|
|
|
|
|
|
Company And Summary Of Significant Accounting Policies [Line Items] |
|
|
|
|
|
|
Property, equipment and satellites, estimated useful life (years) |
|
7 years
|
|
|
|
|
Connect Topco Limited [Member] |
|
|
|
|
|
|
Company And Summary Of Significant Accounting Policies [Line Items] |
|
|
|
|
|
|
Payments to acquire business |
$ 550,700,000
|
|
|
|
|
|
Shares issued in connection with acquisition of business, net of issuance costs , shares | shares |
46,360,000
|
|
|
|
|
|
Inmarsat Holdings [Member] |
|
|
|
|
|
|
Company And Summary Of Significant Accounting Policies [Line Items] |
|
|
|
|
|
|
Payments to acquire business |
$ 550,700,000
|
|
|
|
|
|
Shares issued in connection with acquisition of business, net of issuance costs , shares | shares |
46,360,000
|
|
|
|
|
|
Accounts receivable, Unbilled |
|
$ 15,000,000
|
|
|
|
|
Increase in collections in excess of revenues and deferred revenues |
|
144,100,000
|
|
|
|
|
Deferred revenues , long-term portion |
|
$ 860,000,000
|
|
|
|
|
Inmarsat Holdings [Member] | Minimum [Member] |
|
|
|
|
|
|
Company And Summary Of Significant Accounting Policies [Line Items] |
|
|
|
|
|
|
Common stock, shares authorized | shares |
|
|
|
|
|
100,000,000
|
Inmarsat Holdings [Member] | Maximum [Member] |
|
|
|
|
|
|
Company And Summary Of Significant Accounting Policies [Line Items] |
|
|
|
|
|
|
Common stock, shares authorized | shares |
|
|
|
|
|
200,000,000
|
Funded Research and Development from Customer Contracts [Member] |
|
|
|
|
|
|
Company And Summary Of Significant Accounting Policies [Line Items] |
|
|
|
|
|
|
Percentage of revenue |
|
15.00%
|
18.00%
|
|
|
|
Operating Segments [Member] | Commercial Networks and Government Systems [Member] | Fixed-price Contract [Member] |
|
|
|
|
|
|
Company And Summary Of Significant Accounting Policies [Line Items] |
|
|
|
|
|
|
Percentage of revenue |
|
86.00%
|
84.00%
|
|
|
|
U.S. Government as an Individual Customer [Member] |
|
|
|
|
|
|
Company And Summary Of Significant Accounting Policies [Line Items] |
|
|
|
|
|
|
Percentage of revenue |
|
17.00%
|
15.00%
|
|
|
|
Other Customers [Member] |
|
|
|
|
|
|
Company And Summary Of Significant Accounting Policies [Line Items] |
|
|
|
|
|
|
Percentage of revenue |
|
83.00%
|
85.00%
|
|
|
|
Unfavorable Regulatory Action [Member] |
|
|
|
|
|
|
Company And Summary Of Significant Accounting Policies [Line Items] |
|
|
|
|
|
|
Accrued reserves |
|
$ 13,600,000
|
|
12,900,000
|
|
|
Indemnification Guarantee [Member] |
|
|
|
|
|
|
Company And Summary Of Significant Accounting Policies [Line Items] |
|
|
|
|
|
|
Accrued reserves |
|
$ 0
|
|
$ 0
|
|
|
Common Stock [Member] |
|
|
|
|
|
|
Company And Summary Of Significant Accounting Policies [Line Items] |
|
|
|
|
|
|
Shares issued in connection with acquisition of business, net of issuance costs , shares | shares |
|
46,363,636
|
|
|
|
|
Common stock issued based on the vesting terms of certain restricted stock unit agreements | shares |
|
137,469
|
46,471
|
|
|
|
Common Stock Held in Treasury [Member] |
|
|
|
|
|
|
Company And Summary Of Significant Accounting Policies [Line Items] |
|
|
|
|
|
|
Shares of common stock outstanding | shares |
|
0
|
|
0
|
|
|
Repurchase and immediate retirement of treasury shares pursuant to vesting of certain RSU agreements, shares | shares |
|
48,850
|
13,165
|
|
|
|
Repurchase and immediate retirement of treasury shares pursuant to vesting of certain RSU agreements | value |
|
$ 2,200,000
|
|
|
|
|