XML 58 R45.htm IDEA: XBRL DOCUMENT v3.8.0.1
Senior Notes and Other Long-Term Debt - Additional Information (Detail)
1 Months Ended 3 Months Ended 12 Months Ended
Sep. 30, 2017
USD ($)
Sep. 30, 2017
USD ($)
Mar. 31, 2018
USD ($)
Installment
Mar. 31, 2017
USD ($)
Debt Instrument [Line Items]        
Loss on extinguishment of debt     $ (10,217,000)  
Revolving Credit Facility [Member]        
Debt Instrument [Line Items]        
Credit Facility maximum borrowing capacity     $ 800,000,000  
Maturity date of the Credit Facility     May 24, 2021  
Credit Facility interest rate description     Borrowings under the Revolving Credit Facility bear interest, at the Company’s option, at either (1) the highest of the Federal Funds rate plus 0.50%, the Eurodollar rate plus 1.00%, or the administrative agent’s prime rate as announced from time to time, or (2) the Eurodollar rate, plus, in the case of each of (1) and (2), an applicable margin that is based on the Company’s total leverage ratio.  
Credit facility description     The Revolving Credit Facility contains financial covenants regarding a maximum total leverage ratio and a minimum interest coverage ratio. In addition, the Revolving Credit Facility contains covenants that restrict, among other things, the Company’s ability to sell assets, make investments and acquisitions, make capital expenditures, grant liens, pay dividends and make certain other restricted payments. Subsequent to the fiscal year end, on May 24, 2018, the Company amended the Revolving Credit Facility to, among other matters, increase the maximum permitted total leverage ratio for each of the quarters of fiscal year 2019.  
Principal amount of outstanding borrowings under the Credit Facility     $ 0  
Borrowing availability under the Credit Facility     770,400,000  
Ex-Im Credit Facility [Member]        
Debt Instrument [Line Items]        
Credit Facility maximum borrowing capacity     $ 362,400,000  
Credit facility description     The Ex-Im Credit Facility contains financial covenants regarding Viasat’s maximum total leverage ratio and minimum interest coverage ratio. In addition, the Ex-Im Credit Facility contains covenants that restrict, among other things, the Company’s ability to sell assets, make investments and acquisitions, make capital expenditures, grant liens, pay dividends and make certain other restricted payments.  
Amount of qualified ViaSat-2 satellite costs limited to finance     $ 321,200,000  
Percent of qualified ViaSat-2 expenses used to finance     85.00%  
The maximum exposure fees under Ex-Im Credit Facility     $ 41,200,000  
Interest rate on the outstanding borrowings     2.38%  
Required number of installment repayments | Installment     16  
Debt maturity date     Oct. 15, 2025  
Effective interest rate on the Ex-Im Credit Facility     4.60%  
Ex-Im credit facility repayment commenced date     Apr. 15, 2018  
Cumulative Ex-Im Credit Facility loan discount     $ 42,300,000  
Exposure fees included in the principal     35,300,000 $ 29,500,000
The exposure fees paid under Ex-Im Credit Facility borrowings     6,000,000  
2020 Notes [Member]        
Debt Instrument [Line Items]        
Principal amount of senior notes issued $ 575,000,000 $ 575,000,000   $ 575,000,000
Loss on extinguishment of debt   (10,200,000) (10,217,000)  
Cash payment on extinguishment of debt   10,600,000 10,602,000  
2020 Notes [Member] | Redemption [Member]        
Debt Instrument [Line Items]        
Redemption price percentage of Senior Notes 101.719%      
Amount deposited to redeem debt $ 287,400,000      
Aggregate principal amount 276,800,000 276,800,000    
2020 Notes [Member] | Tender Offer [Member]        
Debt Instrument [Line Items]        
Amount deposited to redeem debt 309,300,000      
Aggregate principal amount $ 298,200,000 $ 298,200,000    
2025 Notes [Member]        
Debt Instrument [Line Items]        
Interest rate on the outstanding borrowings 5.625% 5.625%    
Principal amount of senior notes issued $ 700,000,000 $ 700,000,000 $ 700,000,000  
2025 Notes [Member] | Debt Instrument, Redemption, Other Period One [Member]        
Debt Instrument [Line Items]        
Redemption price percentage of Senior Notes     105.625%  
Redemption description of Senior Notes     Prior to September 15, 2020, the Company may redeem up to 40% of the 2025 Notes at a redemption price of 105.625% of the principal amount thereof, plus accrued and unpaid interest, if any, thereon to the redemption date, from the net cash proceeds of specified equity offerings.  
2025 Notes [Member] | Debt Instrument, Redemption, Period One [Member]        
Debt Instrument [Line Items]        
Redemption price percentage of Senior Notes     100.00%  
Redemption description of Senior Notes     The Company may also redeem the 2025 Notes prior to September 15, 2020, in whole or in part, at a redemption price equal to 100% of the principal amount thereof plus the applicable premium and any accrued and unpaid interest, if any, thereon to the redemption date. The applicable premium is calculated as the greater of: (i) 1.0% of the principal amount of such 2025 Notes and (ii) the excess, if any, of (a) the present value at such date of redemption of (1) the redemption price of such 2025 Notes on September 15, 2020 plus (2) all required interest payments due on such 2025 Notes through September 15, 2020 (excluding accrued but unpaid interest to the date of redemption), computed using a discount rate equal to the treasury rate (as defined under the indenture) plus 50 basis points, over (b) the then-outstanding principal amount of such 2025 Notes.  
2025 Notes [Member] | Debt Instrument, Redemption, Period Two [Member]        
Debt Instrument [Line Items]        
Redemption price percentage of Senior Notes     102.813%  
Redemption description of Senior Notes     In whole or in part, at any time during the 12 months beginning on September 15, 2020 at a redemption price of 102.813%.  
2025 Notes [Member] | Debt Instrument, Redemption, Period Four [Member]        
Debt Instrument [Line Items]        
Redemption price percentage of Senior Notes     100.00%  
Redemption description of Senior Notes     And at any time on or after September 15, 2022 at a redemption price of 100%, in each case plus accrued and unpaid interest, if any, thereon to the redemption date.  
2025 Notes [Member] | Debt Instrument, Redemption, Period Three [Member]        
Debt Instrument [Line Items]        
Redemption price percentage of Senior Notes     101.406%  
Redemption description of Senior Notes     During the 12 months beginning on September 15, 2021 at a redemption price of 101.406%  
2025 Notes [Member] | Change of Control [Member]        
Debt Instrument [Line Items]        
Redemption price percentage of Senior Notes     101.00%  
Redemption description of Senior Notes     In the event a change of control triggering event occurs (as defined in the indenture), each holder will have the right to require the Company to repurchase all or any part of such holder’s 2025 Notes at a purchase price in cash equal to 101% of the aggregate principal amount of the 2025 Notes repurchased, plus accrued and unpaid interest, if any, to the date of purchase (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date).  
Letter of Credit [Member]        
Debt Instrument [Line Items]        
Credit Facility maximum borrowing capacity     $ 150,000,000  
Standby letters of credit outstanding amount     $ 29,600,000