XML 43 R3.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Jan. 02, 2015
Jan. 03, 2014
Jan. 02, 2015
Jan. 03, 2014
Revenues:        
Product revenues $ 174,299us-gaap_SalesRevenueGoodsNet $ 193,846us-gaap_SalesRevenueGoodsNet $ 536,352us-gaap_SalesRevenueGoodsNet $ 586,398us-gaap_SalesRevenueGoodsNet
Service revenues 165,254us-gaap_SalesRevenueServicesNet 138,709us-gaap_SalesRevenueServicesNet 481,430us-gaap_SalesRevenueServicesNet 421,140us-gaap_SalesRevenueServicesNet
Total revenues 339,553us-gaap_SalesRevenueNet 332,555us-gaap_SalesRevenueNet 1,017,782us-gaap_SalesRevenueNet 1,007,538us-gaap_SalesRevenueNet
Operating expenses:        
Cost of product revenues 123,675us-gaap_CostOfGoodsSold 140,530us-gaap_CostOfGoodsSold 382,757us-gaap_CostOfGoodsSold 427,517us-gaap_CostOfGoodsSold
Cost of service revenues 110,237us-gaap_CostOfServices 102,606us-gaap_CostOfServices 330,583us-gaap_CostOfServices 313,010us-gaap_CostOfServices
Selling, general and administrative 70,962us-gaap_SellingGeneralAndAdministrativeExpense 69,100us-gaap_SellingGeneralAndAdministrativeExpense 194,462us-gaap_SellingGeneralAndAdministrativeExpense 207,474us-gaap_SellingGeneralAndAdministrativeExpense
Independent research and development 11,850us-gaap_ResearchAndDevelopmentExpense 15,143us-gaap_ResearchAndDevelopmentExpense 33,177us-gaap_ResearchAndDevelopmentExpense 44,150us-gaap_ResearchAndDevelopmentExpense
Amortization of acquired intangible assets 4,651vsat_AmortizationOfAcquiredIntangibleAsset 3,652vsat_AmortizationOfAcquiredIntangibleAsset 13,338vsat_AmortizationOfAcquiredIntangibleAsset 10,949vsat_AmortizationOfAcquiredIntangibleAsset
Income from operations 18,178us-gaap_OperatingIncomeLoss 1,524us-gaap_OperatingIncomeLoss 63,465us-gaap_OperatingIncomeLoss 4,438us-gaap_OperatingIncomeLoss
Other income (expense):        
Interest income 857us-gaap_InterestAndOtherIncome 3us-gaap_InterestAndOtherIncome 1,229us-gaap_InterestAndOtherIncome 28us-gaap_InterestAndOtherIncome
Interest expense (7,640)us-gaap_InterestExpense (9,169)us-gaap_InterestExpense (24,606)us-gaap_InterestExpense (29,201)us-gaap_InterestExpense
Income (loss) before income taxes 11,395us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (7,642)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 40,088us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (24,735)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
(Benefit from) provision for income taxes (3,389)us-gaap_IncomeTaxExpenseBenefit (1,682)us-gaap_IncomeTaxExpenseBenefit 7,633us-gaap_IncomeTaxExpenseBenefit (19,569)us-gaap_IncomeTaxExpenseBenefit
Net income (loss) 14,784us-gaap_ProfitLoss (5,960)us-gaap_ProfitLoss 32,455us-gaap_ProfitLoss (5,166)us-gaap_ProfitLoss
Less: Net (loss) income attributable to the noncontrolling interest, net of tax (27)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 33us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (359)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 764us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income (loss) attributable to ViaSat, Inc. 14,811us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic (5,993)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 32,814us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic (5,930)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Basic net income (loss) per share attributable to ViaSat, Inc. common stockholders $ 0.31us-gaap_EarningsPerShareBasic $ (0.13)us-gaap_EarningsPerShareBasic $ 0.70us-gaap_EarningsPerShareBasic $ (0.13)us-gaap_EarningsPerShareBasic
Diluted net income (loss) per share attributable to ViaSat, Inc. common stockholders $ 0.31us-gaap_EarningsPerShareDiluted $ (0.13)us-gaap_EarningsPerShareDiluted $ 0.68us-gaap_EarningsPerShareDiluted $ (0.13)us-gaap_EarningsPerShareDiluted
Shares used in computing basic net income (loss) per share 47,375us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 45,935us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 46,920us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 45,576us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Shares used in computing diluted net income (loss) per share 48,439us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 45,935us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 48,097us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 45,576us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Comprehensive income (loss):        
Net income (loss) 14,784us-gaap_ProfitLoss (5,960)us-gaap_ProfitLoss 32,455us-gaap_ProfitLoss (5,166)us-gaap_ProfitLoss
Other comprehensive (loss) income, net of tax:        
Unrealized gain (loss) on hedging, net of tax 16us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax (94)us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax (24)us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax 175us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
Foreign currency translation adjustments, net of tax (749)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax 247us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax (1,369)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax 1,321us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
Other comprehensive (loss) income, net of tax (733)us-gaap_OtherComprehensiveIncomeLossNetOfTax 153us-gaap_OtherComprehensiveIncomeLossNetOfTax (1,393)us-gaap_OtherComprehensiveIncomeLossNetOfTax 1,496us-gaap_OtherComprehensiveIncomeLossNetOfTax
Comprehensive income (loss) 14,051us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest (5,807)us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest 31,062us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest (3,670)us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
Less: comprehensive (loss) income attributable to the noncontrolling interest, net of tax (27)us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest 33us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest (359)us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest 764us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
Comprehensive income (loss) attributable to ViaSat, Inc. $ 14,078us-gaap_ComprehensiveIncomeNetOfTax $ (5,840)us-gaap_ComprehensiveIncomeNetOfTax $ 31,421us-gaap_ComprehensiveIncomeNetOfTax $ (4,434)us-gaap_ComprehensiveIncomeNetOfTax