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Basis of Presentation (Tables) | 6 Months Ended
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Sep. 30, 2018
Summary of Disaggregation of Revenue by Segment and Product and Services | The following sets forth disaggregated reported revenue by segment and product and services for the three and six months ended September 30, 2018:
|  | Three Months Ended September 30, 2018 |
|  | Satellite Services |  |  | Commercial Networks |  |  | Government Systems |  |  | Total Revenues |
|  | (In thousands) |
Product revenues |  | $ | — |  |  | $ | 104,190 |  |  | $ | 176,245 |  |  | $ | 280,435 |
Service revenues |  |  | 162,962 |  |  |  | 10,330 |  |  |  | 63,747 |  |  |  | 237,039 |
Total revenues |  | $ | 162,962 |  |  | $ | 114,520 |  |  | $ | 239,992 |  |  | $ | 517,474 |
|  | Six Months Ended September 30, 2018 |
|  | Satellite Services |  |  | Commercial Networks |  |  | Government Systems |  |  | Total Revenues |
|  | (In thousands) |
Product revenues |  | $ | — |  |  | $ | 189,323 |  |  | $ | 309,241 |  |  | $ | 498,564 |
Service revenues |  |  | 316,523 |  |  |  | 20,263 |  |  |  | 120,993 |  |  |  | 457,779 |
Total revenues |  | $ | 316,523 |  |  | $ | 209,586 |  |  | $ | 430,234 |  |  | $ | 956,343 |
Revenue by Geographic Area | Revenues by geographic area for the three and six months ended September 30, 2018 were as follows:
|  | Three Months Ended |  |  | Six Months Ended |
|  | September 30, 2018 |  |  | September 30, 2018 |
|  | (In thousands) |
U.S. customers |  | $ | 470,220 |  |  | $ | 848,392 |
Non U.S. customers |  |  | 47,254 |  |  |  | 107,951 |
Total revenues |  | $ | 517,474 |  |  | $ | 956,343 |
Summary of Contract Assets and Liabilities | The following table presents contract assets and liabilities as of September 30, 2018 and April 1, 2018:
|  | As of September 30, 2018 |  |  | As of April 1, 2018 |
|  | (In thousands) |
Unbilled accounts receivable |  | $ | 81,592 |  |  | $ | 79,492 |
Collections in excess of revenues and deferred revenues |  |  | 108,977 |  |  |  | 127,355 |
Deferred revenues, long-term portion |  |  | 81,740 |  |  |  | 77,831 |
Schedule of Reconciliation of Cash and Cash Equivalents and Restricted Cash | In accordance with the authoritative guidance for the statement of cash flows (ASU 230), the following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the condensed consolidated balance sheets that total to the amounts shown in the condensed consolidated statements of cash flows.
|  | As of September 30, 2018 |  |  | As of March 31, 2018 |
|  | (in thousands) |
Cash and cash equivalents |  | $ | 44,458 |  |  | $ | 71,446 |
Restricted cash |  |  | 7,169 |  |  |  | — |
Total cash and cash equivalents and restricted cash shown in the consolidated statements of cash flows |  | $ | 51,627 |  |  | $ | 71,446 |
ASC 606 [Member] |
Summary of Impact of Adopting New Standards on Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) and Balance Sheets | The following table presents the summary of the impact of adopting the new standards:
|  | As of March 31, 2018 |  |  | Adjustments Due to ASC 606 |  |  | As of April 1, 2018 |
|  | (In thousands) |
Condensed Consolidated Balance Sheets: |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable, net |  | $ | 267,665 |  |  | $ | (5,664 | ) |  | $ | 262,001 |
Inventories |  |  | 196,307 |  |  |  | 1,623 |  |  |  | 197,930 |
Prepaid expenses and other current assets |  |  | 77,135 |  |  |  | 18,098 |  |  |  | 95,233 |
Other assets |  |  | 686,134 |  |  |  | 17,738 |  |  |  | 703,872 |
Accrued liabilities |  |  | 263,676 |  |  |  | 5,916 |  |  |  | 269,592 |
Retained earnings |  |  | 285,960 |  |  |  | 25,879 |  |  |  | 311,839 |
The Company adopted ASC 606 as of April 1, 2018 using the “modified retrospective method” under which the Company is required to provide additional disclosures comparing results to previous accounting standards. Accordingly, the following table presents the Company’s reported results under ASC 606 and the Company’s pro forma results using the historical accounting method under ASC 605 for the three and six months ended September 30, 2018 and as of September 30, 2018:
|  | Three Months Ended September 30, 2018 |
|  | As Reported |  |  | Impact of ASC 606 |  |  | Historical Accounting Method |
|  | (In thousands, except per share data) |
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss): |  |  |  |  |  |  |  |  |  |  |  |
Product revenues |  | $ | 280,435 |  |  | $ | (4,779 | ) |  | $ | 275,656 |
Service revenues |  |  | 237,039 |  |  |  | (511 | ) |  |  | 236,528 |
Total revenues |  |  | 517,474 |  |  |  | (5,290 | ) |  |  | 512,184 |
Cost of product revenues |  |  | 216,900 |  |  |  | (3,396 | ) |  |  | 213,504 |
Cost of service revenues |  |  | 175,230 |  |  |  | 52 |  |  |  | 175,282 |
Selling, general and administrative |  |  | 113,120 |  |  |  | 3,871 |  |  |  | 116,991 |
Independent research and development |  |  | 31,360 |  |  |  | 1,500 |  |  |  | 32,860 |
Loss from operations |  |  | (21,571 | ) |  |  | (7,317 | ) |  |  | (28,888 | )
Interest expense |  |  | (14,074 | ) |  |  | 1,011 |  |  |  | (13,063 | )
Loss before income taxes |  |  | (35,616 | ) |  |  | (6,306 | ) |  |  | (41,922 | )
Benefit from income taxes |  |  | 9,704 |  |  |  | 1,940 |  |  |  | 11,644 |
Net loss |  |  | (25,598 | ) |  |  | (4,366 | ) |  |  | (29,964 | )
Net loss attributable to Viasat, Inc. |  |  | (25,724 | ) |  |  | (4,366 | ) |  |  | (30,090 | )
Basic net loss per share attributable to Viasat, Inc. common stockholders |  | $ | (0.43 | ) |  | $ | (0.07 | ) |  | $ | (0.50 | )
Diluted net loss per share attributable to Viasat, Inc. common stockholders |  | $ | (0.43 | ) |  | $ | (0.07 | ) |  | $ | (0.50 | )
|  | Six Months Ended September 30, 2018 |
|  | As Reported |  |  | Impact of ASC 606 |  |  | Historical Accounting Method |
|  | (In thousands, except per share data) |
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss): |  |  |  |  |  |  |  |  |  |  |  |
Product revenues |  | $ | 498,564 |  |  | $ | (4,200 | ) |  | $ | 494,364 |
Service revenues |  |  | 457,779 |  |  |  | (1,577 | ) |  |  | 456,202 |
Total revenues |  |  | 956,343 |  |  |  | (5,777 | ) |  |  | 950,566 |
Cost of product revenues |  |  | 390,348 |  |  |  | (3,147 | ) |  |  | 387,201 |
Cost of service revenues |  |  | 346,662 |  |  |  | (70 | ) |  |  | 346,592 |
Selling, general and administrative |  |  | 225,762 |  |  |  | 6,210 |  |  |  | 231,972 |
Independent research and development |  |  | 64,733 |  |  |  | 4,245 |  |  |  | 68,978 |
Loss from operations |  |  | (76,050 | ) |  |  | (13,015 | ) |  |  | (89,065 | )
Interest expense |  |  | (25,398 | ) |  |  | 2,003 |  |  |  | (23,395 | )
Loss before income taxes |  |  | (101,383 | ) |  |  | (11,012 | ) |  |  | (112,395 | )
Benefit from income taxes |  |  | 38,909 |  |  |  | 1,755 |  |  |  | 40,664 |
Net loss |  |  | (61,095 | ) |  |  | (9,257 | ) |  |  | (70,352 | )
Net loss attributable to Viasat, Inc. |  |  | (59,734 | ) |  |  | (9,257 | ) |  |  | (68,991 | )
Basic net loss per share attributable to Viasat, Inc. common stockholders |  | $ | (1.00 | ) |  | $ | (0.16 | ) |  | $ | (1.16 | )
Diluted net loss per share attributable to Viasat, Inc. common stockholders |  | $ | (1.00 | ) |  | $ | (0.16 | ) |  | $ | (1.16 | )
|  | As of September 30, 2018 |
|  | As Reported |  |  | Impact of ASC 606 |  |  | Historical Accounting Method |
|  | (In thousands) |
Condensed Consolidated Balance Sheets: |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable, net |  | $ | 268,803 |  |  | $ | 2,322 |  |  | $ | 271,125 |
Inventories |  |  | 232,078 |  |  |  | (2,125 | ) |  |  | 229,953 |
Prepaid expenses and other current assets |  |  | 233,258 |  |  |  | (16,952 | ) |  |  | 216,306 |
Other assets |  |  | 744,740 |  |  |  | (23,865 | ) |  |  | 720,875 |
Accrued liabilities |  |  | 250,407 |  |  |  | (5,483 | ) |  |  | 244,924 |
Retained earnings |  |  | 252,107 |  |  |  | (35,136 | ) |  |  | 216,971 |

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