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Segment Information (Tables)
6 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Segment Revenues and Operating Profits (Losses)

Segment revenues and operating profits (losses) for the three and six months ended September 30, 2019 and 2018 were as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

September 30, 2019

 

 

September 30, 2018

 

 

September 30, 2019

 

 

September 30, 2018

 

 

 

(In thousands)

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Satellite services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Product

 

$

 

 

$

 

 

$

 

 

$

 

Service

 

 

205,717

 

 

 

162,962

 

 

 

402,532

 

 

 

316,523

 

Total

 

 

205,717

 

 

 

162,962

 

 

 

402,532

 

 

 

316,523

 

Commercial networks

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Product

 

 

74,143

 

 

 

104,190

 

 

 

139,044

 

 

 

189,323

 

Service

 

 

13,865

 

 

 

10,330

 

 

 

27,976

 

 

 

20,263

 

Total

 

 

88,008

 

 

 

114,520

 

 

 

167,020

 

 

 

209,586

 

Government systems

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Product

 

 

232,687

 

 

 

176,245

 

 

 

431,401

 

 

 

309,241

 

Service

 

 

65,844

 

 

 

63,747

 

 

 

128,340

 

 

 

120,993

 

Total

 

 

298,531

 

 

 

239,992

 

 

 

559,741

 

 

 

430,234

 

Elimination of intersegment

   revenues

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues

 

$

592,256

 

 

$

517,474

 

 

$

1,129,293

 

 

$

956,343

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating profits (losses):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Satellite services

 

$

5,118

 

 

$

(24,839

)

 

$

3,048

 

 

$

(54,775

)

Commercial networks

 

 

(46,781

)

 

 

(39,197

)

 

 

(96,642

)

 

 

(86,205

)

Government systems

 

 

62,115

 

 

 

44,900

 

 

 

108,018

 

 

 

69,818

 

Elimination of intersegment

   operating profits

 

 

 

 

 

 

 

 

 

 

 

 

Segment operating profit (loss)

   before corporate and amortization

   of acquired intangible assets

 

 

20,452

 

 

 

(19,136

)

 

 

14,424

 

 

 

(71,162

)

Corporate

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of acquired

   intangible assets

 

 

(2,027

)

 

 

(2,435

)

 

 

(4,064

)

 

 

(4,888

)

Income (loss) from operations

 

$

18,425

 

 

$

(21,571

)

 

$

10,360

 

 

$

(76,050

)

Segment Assets Segment assets as of September 30, 2019 and March 31, 2019 were as follows:

 

 

 

As of

September 30,

2019

 

 

As of

March 31,

2019

 

 

 

(In thousands)

 

Segment assets:

 

 

 

 

 

 

 

 

Satellite services

 

$

80,715

 

 

$

85,907

 

Commercial networks

 

 

179,938

 

 

 

183,200

 

Government systems

 

 

440,154

 

 

 

408,422

 

Total segment assets

 

 

700,807

 

 

 

677,529

 

Corporate assets

 

 

3,666,244

 

 

 

3,237,758

 

Total assets

 

$

4,367,051

 

 

$

3,915,287

 

Other Acquired Intangible Assets, Net and Goodwill Included in Segment Assets and Amortization of Acquired Intangible Assets by Segment

 

Other acquired intangible assets, net and goodwill included in segment assets as of September 30, 2019 and March 31, 2019 were as follows:

 

 

 

Other Acquired Intangible

Assets, Net

 

 

Goodwill

 

 

 

As of

September 30, 2019

 

 

As of

March 31, 2019

 

 

As of

September 30, 2019

 

 

As of

March 31, 2019

 

 

 

(In thousands)

 

Satellite services

 

$

8,550

 

 

$

10,453

 

 

$

13,535

 

 

$

13,617

 

Commercial networks

 

 

1,028

 

 

 

1,798

 

 

 

43,945

 

 

 

43,933

 

Government systems

 

 

8,389

 

 

 

10,050

 

 

 

63,743

 

 

 

64,169

 

Total

 

$

17,967

 

 

$

22,301

 

 

$

121,223

 

 

$

121,719

 

 

Amortization of acquired intangible assets by segment for the three and six months ended September 30, 2019 and 2018 was as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

September 30, 2019

 

 

September 30, 2018

 

 

September 30, 2019

 

 

September 30, 2018

 

 

 

(In thousands)

 

Satellite services

 

$

850

 

 

$

1,289

 

 

$

1,705

 

 

$

2,593

 

Commercial networks

 

 

386

 

 

 

385

 

 

 

772

 

 

 

771

 

Government systems

 

 

791

 

 

 

761

 

 

 

1,587

 

 

 

1,524

 

Total amortization of acquired

   intangible assets

 

$

2,027

 

 

$

2,435

 

 

$

4,064

 

 

$

4,888