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Segment Information (Tables)
9 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Segment Revenues and Operating Profits (Losses)

Segment revenues and operating profits (losses) for the three and nine months ended December 31, 2017 and 2016 were as follows:

 

     Three Months Ended      Nine Months Ended  
     December 31, 2017      December 31, 2016      December 31, 2017      December 31, 2016  
     (In thousands)  

Revenues:

           

Satellite services

           

Product (1)

   $ 233      $ 7,114      $ 664      $ 20,581  

Service

     144,310        152,978        443,671        448,188  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     144,543        160,092        444,335        468,769  

Commercial networks

           

Product

     47,073        46,878        130,903        163,919  

Service

     8,463        7,633        26,150        21,608  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     55,536        54,511        157,053        185,527  

Government systems

           

Product

     128,651        115,582        392,291        332,985  

Service

     53,107        50,445        161,276        155,637  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     181,758        166,027        553,567        488,622  

Elimination of intersegment revenues

     —          —          —          —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Total revenues

   $ 381,837      $ 380,630      $ 1,154,955      $ 1,142,918  
  

 

 

    

 

 

    

 

 

    

 

 

 

Operating profits (losses):

           

Satellite services (1)

   $ 1,681      $ 34,846      $ 33,140      $ 98,263  

Commercial networks

     (53,505      (48,598      (179,007      (127,997

Government systems

     29,675        24,118        96,488        71,082  

Elimination of intersegment operating profits

     —          —          —          —    
  

 

 

    

 

 

    

 

 

    

 

 

 

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

     (22,149      10,366        (49,379      41,348  

Corporate

     —          —          —          —    

Amortization of acquired intangible assets

     (3,177      (2,775      (9,757      (7,565
  

 

 

    

 

 

    

 

 

    

 

 

 

(Loss) income from operations

   $ (25,326    $ 7,591      $ (59,136    $ 33,783  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) Product revenues and operating profits in the satellite services segment for the three and nine months ended December 31, 2016 included $6.8 million and $20.0 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 December 31, 2017 and March 31, 2017 were as follows:

 

     As of
December 31,
2017
     As of
March 31,
2017
 
     (In thousands)  

Segment assets:

     

Satellite services

   $ 69,884      $ 81,728  

Commercial networks

     181,229        179,992  

Government systems

     312,432        326,242  
  

 

 

    

 

 

 

Total segment assets

     563,545        587,962  

Corporate assets

     2,752,062        2,366,691  
  

 

 

    

 

 

 

Total assets

   $ 3,315,607      $ 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 December 31, 2017 and March 31, 2017 were as follows:

 

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

Satellite services

   $ 17,449      $ 21,843      $ 13,876      $ 13,579  

Commercial networks

     3,725        4,903        43,969        43,930  

Government systems

     12,688        14,931        62,837        62,367  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 33,862      $ 41,677      $ 120,682      $ 119,876  
  

 

 

    

 

 

    

 

 

    

 

 

 

Amortization of acquired intangible assets by segment for the three and nine months ended December 31, 2017 and 2016 was as follows:

 

     Three Months Ended      Nine Months Ended  
     December 31, 2017      December 31, 2016      December 31, 2017      December 31, 2016  
     (In thousands)  

Satellite services

   $ 2,031      $ 1,605      $ 6,297      $ 3,814  

Commercial networks

     385        411        1,178        1,267  

Government systems

     761        759        2,282        2,484  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total amortization of acquired intangible assets

   $ 3,177      $ 2,775      $ 9,757      $ 7,565