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

 

 

 

As of

September 30,

2019

 

 

As of

March 31,

2019

 

 

 

(In thousands)

 

Accounts receivable, net:

 

 

 

 

 

 

 

 

Billed

 

$

198,553

 

 

$

218,276

 

Unbilled

 

 

97,645

 

 

 

83,743

 

Allowance for doubtful accounts

 

 

(2,131

)

 

 

(1,712

)

 

 

$

294,067

 

 

$

300,307

 

Inventories:

 

 

 

 

 

 

 

 

Raw materials

 

$

85,616

 

 

$

77,834

 

Work in process

 

 

55,493

 

 

 

52,084

 

Finished goods

 

 

128,408

 

 

 

104,600

 

 

 

$

269,517

 

 

$

234,518

 

Prepaid expenses and other current assets:

 

 

 

 

 

 

 

 

Prepaid expenses

 

$

86,253

 

 

$

72,369

 

Other

 

 

18,751

 

 

 

18,277

 

 

 

$

105,004

 

 

$

90,646

 

Property, equipment and satellites, net

 

 

 

 

 

 

 

 

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

 

$

1,129,678

 

 

$

1,027,293

 

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

 

 

383,858

 

 

 

373,357

 

Furniture and fixtures (estimated useful life of 7 years)

 

 

51,761

 

 

 

46,678

 

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

 

 

128,852

 

 

 

126,528

 

Building (estimated useful life of 12 years)

 

 

8,923

 

 

 

8,923

 

Land

 

 

2,291

 

 

 

2,291

 

Construction in progress

 

 

192,241

 

 

 

167,178

 

Satellites (estimated useful life of 12-17 years)

 

 

978,113

 

 

 

978,118

 

Satellite Ka-band capacity obtained under finance leases (estimated useful life of 7-11 years)

 

 

171,801

 

 

 

99,090

 

Satellites under construction

 

 

721,658

 

 

 

590,000

 

 

 

 

3,769,176

 

 

 

3,419,456

 

Less: accumulated depreciation and amortization

 

 

(1,405,260

)

 

 

(1,294,166

)

 

 

$

2,363,916

 

 

$

2,125,290

 

Other acquired intangible assets, net:

 

 

 

 

 

 

 

 

Technology (weighted average useful life of 6 years)

 

$

89,142

 

 

$

89,972

 

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

 

 

103,101

 

 

 

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)

 

 

9,953

 

 

 

9,989

 

 

 

 

216,736

 

 

 

217,784

 

Less: accumulated amortization

 

 

(198,769

)

 

 

(195,483

)

 

 

$

17,967

 

 

$

22,301

 

Other assets:

 

 

 

 

 

 

 

 

Investment in unconsolidated affiliate

 

$

162,096

 

 

$

160,711

 

Deferred income taxes

 

 

267,790

 

 

 

258,834

 

Capitalized software costs, net

 

 

242,273

 

 

 

244,368

 

Patents, orbital slots and other licenses, net

 

 

34,412

 

 

 

23,059

 

Other

 

 

82,043

 

 

 

71,833

 

 

 

$

788,614

 

 

$

758,805

 

Accrued and other liabilities:

 

 

 

 

 

 

 

 

Collections in excess of revenues and deferred revenues

 

$

107,817

 

 

$

125,540

 

Accrued employee compensation

 

 

35,452

 

 

 

56,454

 

Accrued vacation

 

 

44,984

 

 

 

43,077

 

Warranty reserve, current portion

 

 

6,569

 

 

 

5,877

 

Operating lease liabilities

 

 

41,934

 

 

 

 

Other

 

 

93,255

 

 

 

77,320

 

 

 

$

330,011

 

 

$

308,268

 

Other liabilities:

 

 

 

 

 

 

 

 

Deferred revenues, long-term portion

 

$

86,054

 

 

$

71,230

 

Deferred rent, long-term portion

 

 

 

 

 

16,810

 

Warranty reserve, long-term portion

 

 

3,148

 

 

 

1,707

 

Satellite performance incentive obligations, long-term portion

 

 

24,881

 

 

 

25,324

 

Other

 

 

4,741

 

 

 

5,755

 

 

 

$

118,824

 

 

$

120,826