Segment Information

6 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Segment Information

Note 12 — Segment Information

The Company’s reporting segments, comprised of the satellite services, commercial networks and government systems segments, are primarily distinguished by the type of customer and the related contractual requirements. The Company’s satellite services segment provides satellite-based broadband and related services to residential customers, Community Internet hotspot users, enterprises, commercial airlines and other mobile broadband customers. The Company’s commercial networks segment develops and offers advanced satellite and wireless broadband platforms, ground networking equipment, radio frequency and advanced microwave solutions, Application-Specific Integrated Circuit chip design, satellite payload development and space-to-earth connectivity systems, some of which are ultimately used by the Company’s satellite services segment. The Company’s government systems segment provides global mobile broadband services to military and government users and develops and offers network-centric, internet protocol-based fixed and mobile secure communications products and solutions. The more regulated government environment is subject to unique contractual requirements and possesses economic characteristics which differ from the satellite services and commercial networks segments. The Company’s segments are determined consistent with the way management currently organizes and evaluates financial information internally for making operating decisions and assessing performance.

Segment revenues and operating profits (losses) for the three and six months ended September 30, 2020 and 2019 were as follows:

	Three Months Ended						Six Months Ended
	September 30, 2020			September 30, 2019			September 30, 2020			September 30, 2019
	(In thousands)
Revenues:
Satellite services
Product	$	—		$	—		$	—		$	—
Service		215,887			205,717			417,871			402,532
Total		215,887			205,717			417,871			402,532
Commercial networks
Product		66,751			74,143			121,870			139,044
Service		12,109			13,865			24,152			27,976
Total		78,860			88,008			146,022			167,020
Government systems
Product		189,229			232,687			384,744			431,401
Service		70,302			65,844			136,129			128,340
Total		259,531			298,531			520,873			559,741
Elimination of intersegment revenues		—		—				—		—
Total revenues	$	554,278		$	592,256		$	1,084,766		$	1,129,293
Operating profits (losses):
Satellite services	$	11,483		$	5,118		$	9,626		$	3,048
Commercial networks		(45,363	)		(46,781	)		(96,757	)		(96,642	)
Government systems		47,863			62,115			97,358			108,018
Elimination of intersegment operating    profits		—		—				—		—
Segment operating profit before corporate    and amortization of acquired intangible    assets		13,983			20,452			10,227			14,424
Corporate		—		—				—		—
Amortization of acquired intangible    assets		(1,300	)		(2,027	)		(2,858	)		(4,064	)
Income from operations	$	12,683		$	18,425		$	7,369		$	10,360

Assets identifiable to segments include: accounts receivable, unbilled accounts receivable, inventory, acquired intangible assets and goodwill. The Company’s property and equipment, including its satellites, earth stations and other networking equipment, are assigned to corporate assets as they are available for use by the various segments throughout their estimated useful lives. Segment assets as of September 30, 2020 and March 31, 2020 were as follows:

	As of September 30, 2020		As of March 31, 2020
	(In thousands)
Segment assets:
Satellite services	$	57,784	$	86,252
Commercial networks		183,063		188,269
Government systems		475,122		484,237
Total segment assets		715,969		758,758
Corporate assets		4,487,427		4,125,110
Total assets	$	5,203,396	$	4,883,868

Other acquired intangible assets, net and goodwill included in segment assets as of September 30, 2020 and March 31, 2020 were as follows:

	Other Acquired Intangible Assets, Net				Goodwill
	As of September 30, 2020		As of March 31, 2020		As of September 30, 2020		As of March 31, 2020
	(In thousands)
Satellite services	$	6,733	$	7,368	$	13,758	$	13,489
Commercial networks		—		257		44,063		43,981
Government systems		5,297		6,814		63,944		63,727
Total	$	12,030	$	14,439	$	121,765	$	121,197

Amortization of acquired intangible assets by segment for the three and six months ended September 30, 2020 and 2019 was as follows:

	Three Months Ended				Six Months Ended
	September 30, 2020		September 30, 2019		September 30, 2020		September 30, 2019
	(In thousands)
Satellite services	$	546	$	850	$	1,055	$	1,705
Commercial networks		—		386		257		772
Government systems		754		791		1,546		1,587
Total amortization of acquired    intangible assets	$	1,300	$	2,027	$	2,858	$	4,064

Revenues by geographic area for the three and six months ended September 30, 2020 and 2019 were as follows:

	Three Months Ended		Six Months Ended
	September 30, 2020		September 30, 2020
	(In thousands)
U.S. customers	$	513,015	$	1,011,530
Non-U.S. customers (each country individually insignificant)		41,263		73,236
Total revenues	$	554,278	$	1,084,766
	Three Months Ended		Six Months Ended
	September 30, 2019		September 30, 2019
	(In thousands)
U.S. customers	$	536,284	$	997,567
Non-U.S. customers (each country individually insignificant)		55,972		131,726
Total revenues	$	592,256	$	1,129,293

The Company distinguishes revenues from external customers by geographic area based on customer location.