XML 24 R30.htm IDEA: XBRL DOCUMENT
v3.20.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Mar. 31, 2020
Income Tax Disclosure [Abstract] |
Components of Income (loss) Before Income Taxes | The components of income (loss) before income taxes by jurisdiction are as follows:
|  | Fiscal Years Ended |
|  | March 31, 2020 |  |  | March 31, 2019 |  |  | March 31, 2018 |
|  | (In thousands) |
United States |  | $ | 27,000 |  |  | $ | (102,643 | ) |  | $ | (92,767 | )
Foreign |  |  | (25,572 | ) |  |  | (7,838 | ) |  |  | (12,703 | )
|  | $ | 1,428 |  |  | $ | (110,481 | ) |  | $ | (105,470 | )
Summary of Benefit from Income Taxes | The benefit from income taxes includes the following:
|  | Fiscal Years Ended |
|  | March 31, 2020 |  |  | March 31, 2019 |  |  | March 31, 2018 |
|  | (In thousands) |
Current tax provision |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | (5,935 | ) |  | $ | (821 | ) |  | $ | (284 | )
State |  |  | (1,465 | ) |  |  | (690 | ) |  |  | (401 | )
Foreign |  |  | (327 | ) |  |  | (1,619 | ) |  |  | (953 | )
|  |  | (7,727 | ) |  |  | (3,130 | ) |  |  | (1,638 | )
Deferred tax benefit |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | 9,889 |  |  |  | 34,099 |  |  |  | 24,833 |
State |  |  | 5,797 |  |  |  | 8,738 |  |  |  | 10,450 |
Foreign |  |  | (44 | ) |  |  | 1,307 |  |  |  | 1,572 |
|  |  | 15,642 |  |  |  | 44,144 |  |  |  | 36,855 |
Total benefit from income taxes |  | $ | 7,915 |  |  | $ | 41,014 |  |  | $ | 35,217 |
Components of Net Deferred Tax Assets | Significant components of the Company’s net deferred tax assets are as follows:
|  | As of |
|  | March 31, 2020 |  |  | March 31, 2019 |
|  | (In thousands) |
Deferred tax assets: |  |  |  |  |  |  |  |
Net operating loss carryforwards |  | $ | 217,883 |  |  | $ | 197,486 |
Tax credit carryforwards |  |  | 248,425 |  |  |  | 220,060 |
Operating lease liabilities |  |  | 78,114 |  |  | — |
Deferred revenue |  |  | 24,840 |  |  |  | 24,421 |
Other |  |  | 62,691 |  |  |  | 57,246 |
Valuation allowance |  |  | (42,621 | ) |  |  | (33,499 | )
Total deferred tax assets |  |  | 589,332 |  |  |  | 465,714 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Intangible assets |  |  | (71,116 | ) |  |  | (72,776 | )
Property, equipment and satellites |  |  | (142,049 | ) |  |  | (113,188 | )
Operating lease assets |  |  | (73,446 | ) |  | — |
Other |  |  | (27,374 | ) |  |  | (21,160 | )
Total deferred tax liabilities |  |  | (313,985 | ) |  |  | (207,124 | )
Net deferred tax assets |  | $ | 275,347 |  |  | $ | 258,590 |
Reconciliation of Benefit from Income Taxes to Amount Computed by Applying Statutory Federal Income Tax Rate to Income (Loss) before Income Taxes | A reconciliation of the benefit from income taxes to the amount computed by applying the statutory federal income tax rate to income (loss) before income taxes is as follows:
|  | Fiscal Years Ended |
|  | March 31, 2020 |  |  | March 31, 2019 |  |  | March 31, 2018 |
|  | (In thousands) |
Tax (provision) benefit at federal statutory rate |  | $ | (300 | ) |  | $ | 23,201 |  |  | $ | 22,149 |
State tax (provision) benefit, net of federal benefit |  |  | (1,093 | ) |  |  | 1,815 |  |  |  | 2,605 |
Tax credits, net of valuation allowance |  |  | 25,153 |  |  |  | 26,836 |  |  |  | 21,898 |
Non-deductible compensation |  |  | (7,150 | ) |  |  | (4,527 | ) |  |  | (2,852 | )
Non-deductible meals and entertainment |  |  | (1,075 | ) |  |  | (929 | ) |  |  | (727 | )
Stock-based compensation |  |  | 780 |  |  |  | 180 |  |  |  | 799 |
Change in federal tax rate due to 2020 CARES Act and 2017 Tax Reform |  |  | 567 |  |  | — |  |  |  | (5,335 | )
Change in state effective tax rate |  |  | (14 | ) |  |  | (684 | ) |  |  | (235 | )
Foreign effective tax rate differential, net of valuation allowance |  |  | (5,707 | ) |  |  | (1,552 | ) |  |  | (2,054 | )
Unremitted subsidiary gains |  |  | (2,742 | ) |  |  | (1,388 | ) |  |  | (864 | )
Other |  |  | (504 | ) |  |  | (1,938 | ) |  |  | (167 | )
Total benefit from income taxes |  | $ | 7,915 |  |  | $ | 41,014 |  |  | $ | 35,217 |
Summary of Activity Related to Unrecognized Tax Benefits | The following table summarizes the activity related to the Company’s unrecognized tax benefits:
|  | As of |
|  | March 31, 2020 |  |  | March 31, 2019 |  |  | March 31, 2018 |
|  | (In thousands) |
Balance, beginning of fiscal year |  | $ | 68,156 |  |  | $ | 55,474 |  |  | $ | 49,066 |
Decrease related to prior year tax positions |  |  | (949 | ) |  |  | (1,183 | ) |  |  | (155 | )
Increases related to current year tax positions |  |  | 13,384 |  |  |  | 13,865 |  |  |  | 6,563 |
Balance, end of fiscal year |  | $ | 80,591 |  |  | $ | 68,156 |  |  | $ | 55,474 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=117331294&loc=d3e36027-109320 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration