XML 26 R16.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Segment Information | 9 Months Ended
--- | ---
Dec. 31, 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 and nine months ended December 31, 2021 and 2020 were as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | December 31, 2021 |  |  | December 31, 2020 |  |  | December 31, 2021 |  |  | December 31, 2020 |
|  | (In thousands) |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Satellite services |  |  |  |  |  |  |  |  |  |  |  |
Product |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Service |  |  | 309,711 |  |  |  | 220,789 |  |  |  | 883,938 |  |  |  | 638,660 |
Total |  |  | 309,711 |  |  |  | 220,789 |  |  |  | 883,938 |  |  |  | 638,660 |
Commercial networks |  |  |  |  |  |  |  |  |  |  |  |
Product |  |  | 123,059 |  |  |  | 75,690 |  |  |  | 343,525 |  |  |  | 197,560 |
Service |  |  | 16,618 |  |  |  | 14,409 |  |  |  | 49,554 |  |  |  | 38,561 |
Total |  |  | 139,677 |  |  |  | 90,099 |  |  |  | 393,079 |  |  |  | 236,121 |
Government systems |  |  |  |  |  |  |  |  |  |  |  |
Product |  |  | 193,084 |  |  |  | 190,824 |  |  |  | 574,548 |  |  |  | 575,568 |
Service |  |  | 77,245 |  |  |  | 73,847 |  |  |  | 234,366 |  |  |  | 209,976 |
Total |  |  | 270,329 |  |  |  | 264,671 |  |  |  | 808,914 |  |  |  | 785,544 |
Elimination of intersegment revenues |  |  | — |  |  | — |  |  |  | — |  |  |  | — |
Total revenues |  | $ | 719,717 |  |  | $ | 575,559 |  |  | $ | 2,085,931 |  |  | $ | 1,660,325 |
Operating profits (losses): |  |  |  |  |  |  |  |  |  |  |  |
Satellite services |  | $ | 14,152 |  |  | $ | 11,457 |  |  | $ | 43,711 |  |  | $ | 21,083 |
Commercial networks |  |  | (44,572 | ) |  |  | (39,028 | ) |  |  | (127,601 | ) |  |  | (135,785 | )
Government systems |  |  | 42,478 |  |  |  | 50,644 |  |  |  | 133,866 |  |  |  | 148,002 |
Elimination of intersegment operating profits |  |  | — |  |  | — |  |  |  | — |  |  | — |
Segment operating profit before corporate and amortization of acquired intangible assets |  |  | 12,058 |  |  |  | 23,073 |  |  |  | 49,976 |  |  |  | 33,300 |
Corporate |  |  | — |  |  | — |  |  |  | — |  |  | — |
Amortization of acquired intangible assets |  |  | (7,531 | ) |  |  | (1,313 | ) |  |  | (20,859 | ) |  |  | (4,171 | )
Income from operations |  | $ | 4,527 |  |  | $ | 21,760 |  |  | $ | 29,117 |  |  | $ | 29,129 |
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 December 31, 2021 and March 31, 2021 were as follows:
|  | As of December 31, 2021 |  |  | As of March 31, 2021 |
|  | (In thousands) |
Segment assets: |  |  |  |  |  |
Satellite services |  | $ | 437,337 |  |  | $ | 64,048 |
Commercial networks |  |  | 228,416 |  |  |  | 168,334 |
Government systems |  |  | 477,909 |  |  |  | 470,389 |
Total segment assets |  |  | 1,143,662 |  |  |  | 702,771 |
Corporate assets |  |  | 4,943,132 |  |  |  | 4,646,696 |
Total assets |  | $ | 6,086,794 |  |  | $ | 5,349,467 |
Other acquired intangible assets, net and goodwill included in segment assets as of December 31, 2021 and March 31, 2021 were as follows:
|  | Other Acquired Intangible Assets, Net |  |  | Goodwill |
|  | As of December 31, 2021 |  |  | As of March 31, 2021 |  |  | As of December 31, 2021 |  |  | As of March 31, 2021 |
|  | (In thousands) |
Satellite services |  | $ | 235,240 |  |  | $ | 5,738 |  |  | $ | 82,567 |  |  | $ | 13,814 |
Commercial networks |  |  | — |  |  |  | — |  |  |  | 44,083 |  |  |  | 44,044 |
Government systems |  |  | 2,610 |  |  |  | 3,830 |  |  |  | 64,257 |  |  |  | 64,442 |
Total |  | $ | 237,850 |  |  | $ | 9,568 |  |  | $ | 190,907 |  |  | $ | 122,300 |
Amortization of acquired intangible assets by segment for the three and nine months ended December 31, 2021 and 2020 was as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | December 31, 2021 |  |  | December 31, 2020 |  |  | December 31, 2021 |  |  | December 31, 2020 |
|  | (In thousands) |
Satellite services |  | $ | 7,231 |  |  | $ | 557 |  |  | $ | 19,650 |  |  | $ | 1,612 |
Commercial networks |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 257 |
Government systems |  |  | 300 |  |  |  | 756 |  |  |  | 1,209 |  |  |  | 2,302 |
Total amortization of acquired intangible assets |  | $ | 7,531 |  |  | $ | 1,313 |  |  | $ | 20,859 |  |  | $ | 4,171 |
Revenues by geographic area for the three and nine months ended December 31, 2021 and 2020 were as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | December 31, 2021 |  |  | December 31, 2021 |
|  | (In thousands) |
U.S. customers |  | $ | 616,682 |  |  | $ | 1,782,459 |
Non-U.S. customers (each country individually insignificant) |  |  | 103,035 |  |  |  | 303,472 |
Total revenues |  | $ | 719,717 |  |  | $ | 2,085,931 |
|  | 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 |
The Company distinguishes revenues from external customers by geographic area based on customer location.

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

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration