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Composition of Certain Balance Sheet Captions
12 Months Ended
Mar. 31, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Composition of Certain Balance Sheet Captions

Note 2 — Composition of Certain Balance Sheet Captions

 

 

 

As of

March 31, 2019

 

 

As of

March 31, 2018

 

 

 

(In thousands)

 

Accounts receivable, net:

 

 

 

 

 

 

 

 

Billed

 

$

218,276

 

 

$

184,536

 

Unbilled

 

 

83,743

 

 

 

85,156

 

Allowance for doubtful accounts

 

 

(1,712

)

 

 

(2,027

)

 

 

$

300,307

 

 

$

267,665

 

Inventories:

 

 

 

 

 

 

 

 

Raw materials

 

$

77,834

 

 

$

62,252

 

Work in process

 

 

52,084

 

 

 

47,465

 

Finished goods

 

 

104,600

 

 

 

86,590

 

 

 

$

234,518

 

 

$

196,307

 

Prepaid expenses and other current assets:

 

 

 

 

 

 

 

 

Prepaid expenses

 

$

72,369

 

 

$

68,516

 

Other

 

 

18,277

 

 

 

8,619

 

 

 

$

90,646

 

 

$

77,135

 

Satellites, net:

 

 

 

 

 

 

 

 

Satellites (estimated useful life of 10-17 years)

 

$

978,118

 

 

$

1,152,503

 

Capital lease of satellite capacity — Anik F2 (estimated useful life of 10 years)

 

 

99,090

 

 

 

99,090

 

Satellites under construction

 

 

590,000

 

 

 

362,342

 

 

 

 

1,667,208

 

 

 

1,613,935

 

Less: accumulated depreciation and amortization

 

 

(451,545

)

 

 

(373,948

)

 

 

$

1,215,663

 

 

$

1,239,987

 

Property and equipment, net:

 

 

 

 

 

 

 

 

Equipment and software (estimated useful life of 3-7 years)

 

$

1,027,293

 

 

$

864,140

 

CPE leased equipment (estimated useful life of 4-5 years)

 

 

373,357

 

 

 

298,746

 

Furniture and fixtures (estimated useful life of 7 years)

 

 

46,678

 

 

 

35,234

 

Leasehold improvements (estimated useful life of 2-17 years)

 

 

126,528

 

 

 

111,841

 

Building (estimated useful life of 24 years)

 

 

8,923

 

 

 

8,923

 

Land

 

 

2,291

 

 

 

15,322

 

Construction in progress

 

 

167,178

 

 

 

108,192

 

 

 

 

1,752,248

 

 

 

1,442,398

 

Less: accumulated depreciation

 

 

(842,621

)

 

 

(719,910

)

 

 

$

909,627

 

 

$

722,488

 

Other assets:

 

 

 

 

 

 

 

 

Investment in unconsolidated affiliate

 

$

160,711

 

 

$

163,835

 

Deferred income taxes

 

 

258,834

 

 

 

222,274

 

Capitalized software costs, net

 

 

244,368

 

 

 

246,792

 

Patents, orbital slots and other licenses, net

 

 

23,059

 

 

 

16,100

 

Other

 

 

71,833

 

 

 

37,133

 

 

 

$

758,805

 

 

$

686,134

 

Accrued liabilities:

 

 

 

 

 

 

 

 

Collections in excess of revenues and deferred revenues

 

$

125,540

 

 

$

121,439

 

Accrued employee compensation

 

 

56,454

 

 

 

46,106

 

Accrued vacation

 

 

43,077

 

 

 

39,022

 

Warranty reserve, current portion

 

 

5,877

 

 

 

5,357

 

Other

 

 

77,320

 

 

 

51,752

 

 

 

$

308,268

 

 

$

263,676

 

Other liabilities:

 

 

 

 

 

 

 

 

Deferred revenue, long-term portion

 

$

71,230

 

 

$

77,831

 

Deferred rent, long-term portion

 

 

16,810

 

 

 

13,769

 

Warranty reserve, long-term portion

 

 

1,707

 

 

 

1,557

 

Satellite performance incentive obligation, long-term portion

 

 

25,324

 

 

 

18,181

 

Other

 

 

5,755

 

 

 

9,902

 

 

 

$

120,826

 

 

$

121,240