Income Taxes (Tables)

12 Months Ended

Mar. 31, 2019

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, 2019			March 31, 2018			March 31, 2017
	(In thousands)
United States	$	(102,643	)	$	(92,767	)	$	29,649
Foreign		(7,838	)		(12,703	)		(4,265	)
	$	(110,481	)	$	(105,470	)	$	25,384

Summary of Benefit from (Provision for) Income Taxes

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

	Fiscal Years Ended
	March 31, 2019			March 31, 2018			March 31, 2017
	(In thousands)
Current tax provision
Federal	$	(821	)	$	(284	)	$	(2,041	)
State		(690	)		(401	)		(1,167	)
Foreign		(1,619	)		(953	)		(600	)
		(3,130	)		(1,638	)		(3,808	)
Deferred tax benefit (provision)
Federal		34,099			24,833			(4,410	)
State		8,738			10,450			4,509
Foreign		1,307			1,572			92
		44,144			36,855			191
Total benefit from (provision for) income taxes	$	41,014		$	35,217		$	(3,617	)

Components of Net Deferred Tax Assets

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

	As of
	March 31, 2019			March 31, 2018
	(In thousands)
Deferred tax assets:
Net operating loss carryforwards	$	197,486		$	184,177
Tax credit carryforwards		220,060			189,970
Other		57,246			52,958
Deferred revenue		24,421			1,127
Valuation allowance		(33,499	)		(29,049	)
Total deferred tax assets		465,714			399,183
Deferred tax liabilities:
Intangible assets		(72,776	)		(73,403	)
Property, equipment and satellites		(113,188	)		(96,661	)
Other		(21,160	)		(7,709	)
Total deferred tax liabilities		(207,124	)		(177,773	)
Net deferred tax assets	$	258,590		$	221,410

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, 2019			March 31, 2018			March 31, 2017
	(In thousands)
Tax benefit (provision) at federal statutory rate	$	23,201		$	22,149		$	(8,885	)
State tax benefit (provision), net of federal benefit		1,815			2,605			(1,681	)
Tax credits, net of valuation allowance		26,836			21,898			15,121
Non-deductible compensation		(4,527	)		(2,852	)		(2,659	)
Non-deductible transaction costs		(70	)	—				(645	)
Non-deductible meals and entertainment		(929	)		(727	)		(794	)
Stock-based compensation		180			799			(886	)
Change in federal tax rate due to Tax Reform	—				(5,335	)	—
Change in state effective tax rate		(684	)		(235	)		(417	)
Foreign effective tax rate differential, net of valuation allowance		(1,552	)		(2,054	)		(2,391	)
Unremitted subsidiary gains		(1,388	)		(864	)		162
Other		(1,868	)		(167	)		(542	)
Total benefit from (provision for) income taxes	$	41,014		$	35,217		$	(3,617	)

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, 2019			March 31, 2018			March 31, 2017
	(In thousands)
Balance, beginning of fiscal year	$	55,474		$	49,066		$	45,080
Decrease related to prior year tax positions		(1,183	)		(155	)		(421	)
Increases related to current year tax positions		13,865			6,563			4,407
Balance, end of fiscal year	$	68,156		$	55,474		$	49,066