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Segment Information (Tables)
3 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Segment Revenues and Operating Profits (Losses)

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

)

Segment Assets 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 and Amortization of Acquired Intangible Assets by Segment

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

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