Segment Information

3 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Segment Information

Note 11 — 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 months ended June 30, 2021 and 2020 were as follows:

	Three Months Ended
	June 30, 2021			June 30, 2020
	(In thousands)
Revenues:
Satellite services
Product	$	—		$	—
Service		274,117			201,984
Total		274,117			201,984
Commercial networks
Product		101,531			55,119
Service		17,065			12,043
Total		118,596			67,162
Government systems
Product		191,733			195,515
Service		80,414			65,827
Total		272,147			261,342
Elimination of intersegment revenues	—			—
Total revenues	$	664,860		$	530,488
Operating profits (losses):
Satellite services	$	12,513		$	(1,857	)
Commercial networks		(37,708	)		(51,394	)
Government systems		47,416			49,495
Elimination of intersegment operating    profits		—		—
Segment operating profit (loss) before    corporate and amortization of acquired    intangible assets		22,221			(3,756	)
Corporate		—		—
Amortization of acquired intangible    assets		(5,929	)		(1,558	)
Income (loss) from operations	$	16,292		$	(5,314	)

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 June 30, 2021 and March 31, 2021 were as follows:

	As of June 30, 2021		As of March 31, 2021
	(In thousands)
Segment assets:
Satellite services	$	449,976	$	64,048
Commercial networks		235,575		168,334
Government systems		471,442		470,389
Total segment assets		1,156,993		702,771
Corporate assets		4,837,540		4,646,696
Total assets	$	5,994,533	$	5,349,467

Other acquired intangible assets, net and goodwill included in segment assets as of June 30, 2021 and March 31, 2021 were as follows:

	Other Acquired Intangible Assets, Net				Goodwill
	As of June 30, 2021		As of March 31, 2021		As of June 30, 2021		As of March 31, 2021
	(In thousands)
Satellite services	$	258,713	$	5,738	$	73,155	$	13,814
Commercial networks		—		—		44,083		44,044
Government systems		3,228		3,830		64,499		64,442
Total	$	261,941	$	9,568	$	181,737	$	122,300

Amortization of acquired intangible assets by segment for the three months ended June 30, 2021 and 2020 was as follows:

	Three Months Ended
	June 30, 2021		June 30, 2020
	(In thousands)
Satellite services	$	5,322	$	509
Commercial networks		—		257
Government systems		607		792
Total amortization of acquired    intangible assets	$	5,929	$	1,558

Revenue information by geographic area for the three months ended June 30, 2021 and 2020 were as follows:

	Three Months Ended
	June 30, 2021		June 30, 2020
	(In thousands)
U.S. customers	$	567,486	$	498,515
Non-U.S. customers (each country    individually insignificant)		97,374		31,973
Total revenues	$	664,860	$	530,488

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