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Segment Information (Tables)
9 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Segment Revenues and Operating Profits (Losses)

Segment revenues and operating profits (losses) for the three and nine months ended December 31, 2020 and 2019 were as follows:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

December 31, 2020

 

 

December 31, 2019

 

 

December 31, 2020

 

 

December 31, 2019

 

 

 

(In thousands)

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Satellite services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Product

 

$

 

 

$

 

 

$

 

 

$

 

Service

 

 

220,789

 

 

 

211,700

 

 

 

638,660

 

 

 

614,232

 

Total

 

 

220,789

 

 

 

211,700

 

 

 

638,660

 

 

 

614,232

 

Commercial networks

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Product

 

 

75,690

 

 

 

73,182

 

 

 

197,560

 

 

 

212,226

 

Service

 

 

14,409

 

 

 

11,544

 

 

 

38,561

 

 

 

39,520

 

Total

 

 

90,099

 

 

 

84,726

 

 

 

236,121

 

 

 

251,746

 

Government systems

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Product

 

 

190,824

 

 

 

229,908

 

 

 

575,568

 

 

 

661,309

 

Service

 

 

73,847

 

 

 

61,890

 

 

 

209,976

 

 

 

190,230

 

Total

 

 

264,671

 

 

 

291,798

 

 

 

785,544

 

 

 

851,539

 

Elimination of intersegment revenues

 

 

 

 

 

 

 

 

 

Total revenues

 

$

575,559

 

 

$

588,224

 

 

$

1,660,325

 

 

$

1,717,517

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating profits (losses):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Satellite services

 

$

11,457

 

 

$

3,600

 

 

$

21,083

 

 

$

6,648

 

Commercial networks

 

 

(39,028

)

 

 

(46,917

)

 

 

(135,785

)

 

 

(143,559

)

Government systems

 

 

50,644

 

 

 

59,142

 

 

 

148,002

 

 

 

167,160

 

Elimination of intersegment operating

   profits

 

 

 

 

 

 

 

 

 

 

Segment operating profit before corporate

   and amortization of acquired intangible

   assets

 

 

23,073

 

 

 

15,825

 

 

 

33,300

 

 

 

30,249

 

Corporate

 

 

 

 

 

 

 

 

 

 

Amortization of acquired intangible

   assets

 

 

(1,313

)

 

 

(1,856

)

 

 

(4,171

)

 

 

(5,920

)

Income from operations

 

$

21,760

 

 

$

13,969

 

 

$

29,129

 

 

$

24,329

 

Segment Assets Segment assets as of December 31, 2020 and March 31, 2020 were as follows:

 

 

 

As of

December 31, 2020

 

 

As of

March 31, 2020

 

 

 

(In thousands)

 

Segment assets:

 

 

 

 

 

 

 

 

Satellite services

 

$

57,706

 

 

$

86,252

 

Commercial networks

 

 

169,946

 

 

 

188,269

 

Government systems

 

 

439,794

 

 

 

484,237

 

Total segment assets

 

 

667,446

 

 

 

758,758

 

Corporate assets

 

 

4,581,260

 

 

 

4,125,110

 

Total assets

 

$

5,248,706

 

 

$

4,883,868

 

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 December 31, 2020 and March 31, 2020 were as follows:

 

 

 

Other Acquired Intangible

Assets, Net

 

 

Goodwill

 

 

 

As of

December 31, 2020

 

 

As of

March 31, 2020

 

 

As of

December 31, 2020

 

 

As of

March 31, 2020

 

 

 

(In thousands)

 

Satellite services

 

$

6,499

 

 

$

7,368

 

 

$

13,955

 

 

$

13,489

 

Commercial networks

 

 

 

 

 

257

 

 

 

44,146

 

 

 

43,981

 

Government systems

 

 

4,580

 

 

 

6,814

 

 

 

64,347

 

 

 

63,727

 

Total

 

$

11,079

 

 

$

14,439

 

 

$

122,448

 

 

$

121,197

 

 

Amortization of acquired intangible assets by segment for the three and nine months ended December 31, 2020 and 2019 was as follows:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

December 31, 2020

 

 

December 31, 2019

 

 

December 31, 2020

 

 

December 31, 2019

 

 

 

(In thousands)

 

Satellite services

 

$

557

 

 

$

678

 

 

$

1,612

 

 

$

2,383

 

Commercial networks

 

 

 

 

 

384

 

 

 

257

 

 

 

1,156

 

Government systems

 

 

756

 

 

 

794

 

 

 

2,302

 

 

 

2,381

 

Total amortization of acquired

   intangible assets

 

$

1,313

 

 

$

1,856

 

 

$

4,171

 

 

$

5,920

 

Revenue by Geographic Area

Revenues by geographic area for the three and nine months ended December 31, 2020 and 2019 were as follows:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

December 31, 2020

 

 

December 31, 2020

 

 

 

(In thousands)

 

U.S. customers

 

$

512,439

 

 

$

1,523,969

 

Non-U.S. customers (each country individually insignificant)

 

 

63,120

 

 

 

136,356

 

Total revenues

 

$

575,559

 

 

$

1,660,325

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

December 31, 2019

 

 

December 31, 2019

 

 

 

(In thousands)

 

U.S. customers

 

$

523,455

 

 

$

1,521,022

 

Non-U.S. customers (each country individually insignificant)

 

 

64,769

 

 

 

196,495

 

Total revenues

 

$

588,224

 

 

$

1,717,517