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Composition of Certain Balance Sheet Captions (Tables)
3 Months Ended
Jun. 30, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Composition of Certain Balance Sheet Captions

 

 

 

As of

June 30, 2019

 

 

As of

March 31, 2019

 

 

 

(In thousands)

 

Accounts receivable, net:

 

 

 

 

 

 

 

 

Billed

 

$

208,376

 

 

$

218,276

 

Unbilled

 

 

97,460

 

 

 

83,743

 

Allowance for doubtful accounts

 

 

(2,217

)

 

 

(1,712

)

 

 

$

303,619

 

 

$

300,307

 

Inventories:

 

 

 

 

 

 

 

 

Raw materials

 

$

86,130

 

 

$

77,834

 

Work in process

 

 

51,100

 

 

 

52,084

 

Finished goods

 

 

126,603

 

 

 

104,600

 

 

 

$

263,833

 

 

$

234,518

 

Prepaid expenses and other current assets:

 

 

 

 

 

 

 

 

Prepaid expenses

 

$

88,326

 

 

$

72,369

 

Other

 

 

18,521

 

 

 

18,277

 

 

 

$

106,847

 

 

$

90,646

 

Satellites, net:

 

 

 

 

 

 

 

 

Satellites (estimated useful life of 10-17 years)

 

$

978,113

 

 

$

978,118

 

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

 

 

99,090

 

 

 

99,090

 

Satellites under construction

 

 

668,561

 

 

 

590,000

 

 

 

 

1,745,764

 

 

 

1,667,208

 

Less: accumulated depreciation and amortization

 

 

(471,092

)

 

 

(451,545

)

 

 

$

1,274,672

 

 

$

1,215,663

 

Property and equipment, net:

 

 

 

 

 

 

 

 

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

 

$

1,073,222

 

 

$

1,027,293

 

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

 

 

377,158

 

 

 

373,357

 

Furniture and fixtures (estimated useful life of 7 years)

 

 

51,042

 

 

 

46,678

 

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

 

 

127,470

 

 

 

126,528

 

Building (estimated useful life of 24 years)

 

 

8,923

 

 

 

8,923

 

Land

 

 

2,291

 

 

 

2,291

 

Construction in progress

 

 

181,941

 

 

 

167,178

 

 

 

 

1,822,047

 

 

 

1,752,248

 

Less: accumulated depreciation

 

 

(880,674

)

 

 

(842,621

)

 

 

$

941,373

 

 

$

909,627

 

Other acquired intangible assets, net:

 

 

 

 

 

 

 

 

Technology (weighted average useful life of 6 years)

 

$

89,954

 

 

$

89,972

 

Contracts and customer relationships (weighted average useful life of 7 years)

 

 

103,294

 

 

 

103,283

 

Satellite co-location rights (weighted average useful life of 9 years)

 

 

8,600

 

 

 

8,600

 

Trade name (weighted average useful life of 3 years)

 

 

5,940

 

 

 

5,940

 

Other (weighted average useful life of 6 years)

 

 

10,006

 

 

 

9,989

 

 

 

 

217,794

 

 

 

217,784

 

Less: accumulated amortization

 

 

(197,440

)

 

 

(195,483

)

 

 

$

20,354

 

 

$

22,301

 

Other assets:

 

 

 

 

 

 

 

 

Investment in unconsolidated affiliate

 

$

158,868

 

 

$

160,711

 

Deferred income taxes

 

 

267,345

 

 

 

258,834

 

Capitalized software costs, net

 

 

242,135

 

 

 

244,368

 

Patents, orbital slots and other licenses, net

 

 

34,536

 

 

 

23,059

 

Other

 

 

76,979

 

 

 

71,833

 

 

 

$

779,863

 

 

$

758,805

 

Accrued and other liabilities:

 

 

 

 

 

 

 

 

Collections in excess of revenues and deferred revenues

 

$

123,304

 

 

$

125,540

 

Accrued employee compensation

 

 

30,840

 

 

 

56,454

 

Accrued vacation

 

 

46,107

 

 

 

43,077

 

Warranty reserve, current portion

 

 

6,243

 

 

 

5,877

 

Operating lease liabilities

 

 

40,804

 

 

 

 

Other

 

 

77,587

 

 

 

77,320

 

 

 

$

324,885

 

 

$

308,268

 

Other liabilities:

 

 

 

 

 

 

 

 

Deferred revenues, long-term portion

 

$

85,894

 

 

$

71,230

 

Deferred rent, long-term portion

 

 

 

 

 

16,810

 

Warranty reserve, long-term portion

 

 

2,207

 

 

 

1,707

 

Satellite performance incentive obligations, long-term portion

 

 

25,119

 

 

 

25,324

 

Other

 

 

4,870

 

 

 

5,755

 

 

 

$

118,090

 

 

$

120,826