XML 35 R25.htm IDEA: XBRL DOCUMENT v3.8.0.1
Segment Information (Tables)
6 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Segment Revenues and Operating Profits (Losses)

Segment revenues and operating profits (losses) for the three and six months ended September 30, 2017 and 2016 were as follows:

 

     Three Months Ended      Six Months Ended  
     September 30, 2017      September 30, 2016      September 30, 2017      September 30, 2016  
     (In thousands)  

Revenues:

           

Satellite services

           

Product (1)

   $ 214      $ 6,782      $ 431      $ 13,467  

Service

     147,364        149,502        299,361        295,210  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     147,578        156,284        299,792        308,677  

Commercial networks

           

Product

     47,347        58,445        83,830        117,041  

Service

     8,922        7,018        17,687        13,975  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     56,269        65,463        101,517        131,016  

Government systems

           

Product

     134,222        122,008        263,640        217,403  

Service

     55,005        55,403        108,169        105,192  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     189,227        177,411        371,809        322,595  

Elimination of intersegment revenues

     —        —        —        —  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total revenues

   $ 393,074      $ 399,158      $ 773,118      $ 762,288  
  

 

 

    

 

 

    

 

 

    

 

 

 

Operating profits (losses):

           

Satellite services (1)

   $ 12,616      $ 32,550      $ 31,459      $ 63,417  

Commercial networks

     (59,377      (40,868      (125,502      (79,399

Government systems

     34,221        29,009        66,813        46,964  

Elimination of intersegment operating profits

     —        —        —        —  
  

 

 

    

 

 

    

 

 

    

 

 

 

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

     (12,540      20,691        (27,230      30,982  

Corporate

     —        —             —  

Amortization of acquired intangible assets

     (3,320      (2,277      (6,580      (4,790
  

 

 

    

 

 

    

 

 

    

 

 

 

(Loss) income from operations

   $ (15,860    $ 18,414      $ (33,810    $ 26,192  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) Product revenues and operating profits in the satellite services segment for the three and six months ended September 30, 2016 included $6.6 million and $13.2 million, respectively, relating to amounts realized under the Company’s settlement agreement entered into in fiscal year 2015 with Space Systems/Loral, Inc. and its former parent company Loral Space & Communications, Inc. As of March 31, 2017, all payments pursuant to this settlement agreement had been recorded and no further impacts to the Company’s consolidated financial statements are anticipated related to this settlement agreement.
Segment Assets

Segment assets as of September 30, 2017 and March 31, 2017 were as follows:

 

     As of
September 30,
2017
     As of
March 31,
2017
 
     (In thousands)  

Segment assets:

     

Satellite services

   $ 74,234      $ 81,728  

Commercial networks

     192,563        179,992  

Government systems

     322,467        326,242  
  

 

 

    

 

 

 

Total segment assets

     589,264        587,962  

Corporate assets

     2,698,957        2,366,691  
  

 

 

    

 

 

 

Total assets

   $ 3,288,221      $ 2,954,653  
  

 

 

    

 

 

 

 

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 September 30, 2017 and March 31, 2017 were as follows:

 

     Other Acquired Intangible
Assets, Net
     Goodwill  
     As of
September 30, 2017
     As of
March 31, 2017
     As of
September 30, 2017
     As of
March 31, 2017
 
     (In thousands)  

Satellite services

   $ 19,238      $ 21,843      $ 13,814      $ 13,579  

Commercial networks

     4,111        4,903        43,981        43,930  

Government systems

     13,447        14,931        62,797        62,367  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 36,796      $ 41,677      $ 120,592      $ 119,876  
  

 

 

    

 

 

    

 

 

    

 

 

 

Amortization of acquired intangible assets by segment for the three and six months ended September 30, 2017 and 2016 was as follows:

 

     Three Months Ended      Six Months Ended  
     September 30, 2017      September 30, 2016      September 30, 2017      September 30, 2016  
     (In thousands)  

Satellite services

   $ 2,173      $ 1,105      $ 4,267      $ 2,209  

Commercial networks

     386        411        792        856  

Government systems

     761        761        1,521        1,725  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total amortization of acquired intangible assets

   $ 3,320      $ 2,277      $ 6,580      $ 4,790