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Schedule II Valuation and Qualifying Accounts
12 Months Ended
Mar. 31, 2024
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Schedule II Valuation and Qualifying Accounts

VALUATION AND QUALIFYING ACCOUNTS

For the Three Fiscal Years Ended March 31, 2024

 

 

Deferred Tax
Asset Valuation
Allowance

 

 

 

(In thousands)

 

Balance, March 31, 2021

 

$

47,076

 

Charged to costs and expenses

 

 

5,119

 

Charged to goodwill*

 

 

25,876

 

Deductions

 

 

 

Balance, March 31, 2022

 

$

78,071

 

Charged to costs and expenses

 

 

71,976

 

Deductions

 

 

 

Balance, March 31, 2023

 

$

150,047

 

Charged to costs and expenses

 

 

139,687

 

Charged to goodwill**

 

 

63,908

 

Deductions

 

 

 

Balance, March 31, 2024

 

$

353,642

 

 

* Related to the acquisitions of RigNet and EBI

** Related to the acquisition of Inmarsat