Income Taxes (Tables)

12 Months Ended

Mar. 31, 2018

Components of (loss) Income Before Income Taxes

The components of (loss) income before income taxes by jurisdiction are as follows:

	Fiscal Years Ended
	March 31, 2018			March 31, 2017			March 31, 2016
	(In thousands)
United States	$	(92,767	)	$	29,649		$	20,280
Foreign		(12,703	)		(4,265	)		(2,683	)
	$	(105,470	)	$	25,384		$	17,597

Summary of Benefit from (Provision for) Income Taxes

The benefit from (provision for) income taxes includes the following:

	Fiscal Years Ended
	March 31, 2018			March 31, 2017			March 31, 2016
	(In thousands)
Current tax benefit (provision)
Federal	$	(284	)	$	(2,041	)	$	(132	)
State		(401	)		(1,167	)		(543	)
Foreign		(953	)		(600	)		(148	)
		(1,638	)		(3,808	)		(823	)
Deferred tax benefit (provision)
Federal		24,833			(4,410	)		(2,266	)
State		10,450			4,509			7,090
Foreign		1,572			92			172
		36,855			191			4,996
Total benefit from (provision for) income taxes	$	35,217		$	(3,617	)	$	4,173

Components of Net Deferred Tax Assets

Significant components of the Company’s net deferred tax assets are as follows:

	As of
	March 31, 2018			March 31, 2017
	(In thousands)
Deferred tax assets:
Net operating loss carryforwards	$	184,177		$	202,752
Tax credit carryforwards		189,970			145,369
Other		46,376			74,962
Valuation allowance		(29,049	)		(17,728	)
Total deferred tax assets		391,474			405,355
Deferred tax liabilities:
Intangible assets		(73,403	)		(98,099	)
Property, equipment and satellites		(96,661	)		(174,428	)
Total deferred tax liabilities		(170,064	)		(272,527	)
Net deferred tax assets	$	221,410		$	132,828

Reconciliation of Benefit from (Provision for) Income Taxes to Amount Computed by Applying Statutory Federal Income Tax Rate to (Loss) Income before Income Taxes

A reconciliation of the benefit from (provision for) income taxes to the amount computed by applying the statutory federal income tax rate to (loss) income before income taxes is as follows:

	Fiscal Years Ended
	March 31, 2018			March 31, 2017			March 31, 2016
	(In thousands)
Tax benefit (provision) at federal statutory rate	$	22,149		$	(8,885	)	$	(6,167	)
State tax benefit (provision), net of federal benefit		2,605			(1,681	)		(1,197	)
Tax credits, net of valuation allowance		21,898			15,121			16,016
Non-deductible compensation		(2,852	)		(2,659	)		(2,457	)
Non-deductible transaction costs		-			(645	)		(30	)
Non-deductible meals and entertainment		(727	)		(794	)		(751	)
Stock-based compensation		799			(886	)		(551	)
Change in federal tax rate due to Tax Reform		(5,335	)	—			—
Change in state effective tax rate		(235	)		(417	)		354
Foreign effective tax rate differential, net of valuation allowance		(2,054	)		(2,391	)		(859	)
Other		(1,031	)		(380	)		(185	)
Total benefit from (provision for) income taxes	$	35,217		$	(3,617	)	$	4,173

Summary of Activity Related to Unrecognized Tax Benefits

The following table summarizes the activity related to the Company’s unrecognized tax benefits:

	As of
	March 31, 2018			March 31, 2017			March 31, 2016
	(In thousands)
Balance, beginning of fiscal year	$	49,066		$	45,080		$	41,769
Decrease related to prior year tax positions		(155	)		(421	)		(586	)
Increases related to current year tax positions		6,563			4,407			3,897
Balance, end of fiscal year	$	55,474		$	49,066		$	45,080