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v3.22.2.2

Segment Information (Tables) | 6 Months Ended
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Sep. 30, 2022
Segment Reporting [Abstract] |
Segment Revenues and Operating Profits (Losses) | Segment revenues and operating profits (losses) for the three and six months ended September 30, 2022 and 2021 were as follows:
|  | Three Months Ended |  |  | Six Months Ended |
|  | September 30, 2022 |  |  | September 30, 2021 |  |  | September 30, 2022 |  |  | September 30, 2021 |
|  | (In thousands) |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Satellite services |  |  |  |  |  |  |  |  |  |  |  |
Product |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Service |  |  | 300,547 |  |  |  | 300,110 |  |  |  | 612,647 |  |  |  | 574,227 |
Total |  |  | 300,547 |  |  |  | 300,110 |  |  |  | 612,647 |  |  |  | 574,227 |
Commercial networks |  |  |  |  |  |  |  |  |  |  |  |
Product |  |  | 159,831 |  |  |  | 118,935 |  |  |  | 253,406 |  |  |  | 220,466 |
Service |  |  | 20,196 |  |  |  | 15,871 |  |  |  | 39,405 |  |  |  | 32,936 |
Total |  |  | 180,027 |  |  |  | 134,806 |  |  |  | 292,811 |  |  |  | 253,402 |
Government systems |  |  |  |  |  |  |  |  |  |  |  |
Product |  |  | 95,030 |  |  |  | 102,120 |  |  |  | 170,700 |  |  |  | 206,231 |
Service |  |  | 81,079 |  |  |  | 72,121 |  |  |  | 151,959 |  |  |  | 146,077 |
Total |  |  | 176,109 |  |  |  | 174,241 |  |  |  | 322,659 |  |  |  | 352,308 |
Elimination of intersegment revenues |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total revenues |  | $ | 656,683 |  |  | $ | 609,157 |  |  | $ | 1,228,117 |  |  | $ | 1,179,937 |
Operating profits (losses): |  |  |  |  |  |  |  |  |  |  |  |
Satellite services |  | $ | (6,066 | ) |  | $ | 14,313 |  |  | $ | (4,721 | ) |  | $ | 24,255 |
Commercial networks |  |  | (796 | ) |  |  | (52,012 | ) |  |  | (50,176 | ) |  |  | (96,113 | )
Government systems |  |  | 15,385 |  |  |  | 20,680 |  |  |  | 12,436 |  |  |  | 46,503 |
Elimination of intersegment operating profits (loss) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Segment operating profit (loss) before corporate and amortization of acquired intangible assets |  |  | 8,523 |  |  |  | (17,019 | ) |  |  | (42,461 | ) |  |  | (25,355 | )
Corporate |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Amortization of acquired intangible assets |  |  | (7,379 | ) |  |  | (7,399 | ) |  |  | (14,902 | ) |  |  | (13,328 | )
Income (loss) from operations |  | $ | 1,144 |  |  | $ | (24,418 | ) |  | $ | (57,363 | ) |  | $ | (38,683 | )
Segment Assets | Segment assets as of September 30, 2022 and March 31, 2022 were as follows:
|  | As of September 30, 2022 |  |  | As of March 31, 2022 |
|  | (In thousands) |
Segment assets: |  |  |  |  |  |
Satellite services |  | $ | 411,774 |  |  | $ | 444,976 |
Commercial networks |  |  | 259,646 |  |  |  | 202,941 |
Government systems |  |  | 265,801 |  |  |  | 266,641 |
Total segment assets |  |  | 937,221 |  |  |  | 914,558 |
Corporate assets |  |  | 5,287,810 |  |  |  | 5,199,686 |
Assets of discontinued operations |  |  | 285,249 |  |  |  | 275,102 |
Total assets |  | $ | 6,510,280 |  |  | $ | 6,389,346 |
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 September 30, 2022 and March 31, 2022 were as follows:
|  | Other Acquired Intangible Assets, Net |  |  | Goodwill |
|  | As of September 30, 2022 |  |  | As of March 31, 2022 |  |  | As of September 30, 2022 |  |  | As of March 31, 2022 |
|  | (In thousands) |
Satellite services |  | $ | 209,599 |  |  | $ | 233,740 |  |  | $ | 76,187 |  |  | $ | 81,972 |
Commercial networks |  |  | — |  |  |  | — |  |  |  | 43,945 |  |  |  | 44,050 |
Government systems |  |  | 1,674 |  |  |  | 2,303 |  |  |  | 41,871 |  |  |  | 42,688 |
Total |  | $ | 211,273 |  |  | $ | 236,043 |  |  | $ | 162,003 |  |  | $ | 168,710 |
Amortization of acquired intangible assets by segment for the three and six months ended September 30, 2022 and 2021 was as follows:
|  | Three Months Ended |  |  | Six Months Ended |
|  | September 30, 2022 |  |  | September 30, 2021 |  |  | September 30, 2022 |  |  | September 30, 2021 |
|  | (In thousands) |
Satellite services |  | $ | 7,088 |  |  | $ | 7,097 |  |  | $ | 14,316 |  |  | $ | 12,419 |
Commercial networks |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Government systems |  |  | 291 |  |  |  | 302 |  |  |  | 586 |  |  |  | 909 |
Total amortization of acquired intangible assets |  | $ | 7,379 |  |  | $ | 7,399 |  |  | $ | 14,902 |  |  | $ | 13,328 |
Revenues by Geographic Area | Revenues by geographic area for the three and six months ended September 30, 2022 and 2021 were as follows:
|  | Three Months Ended |  |  | Six Months Ended |
|  | September 30, 2022 |  |  | September 30, 2022 |
|  | (In thousands) |
U.S. customers |  | $ | 557,457 |  |  | $ | 1,037,485 |
Non-U.S. customers (each country individually insignificant) |  |  | 99,226 |  |  |  | 190,632 |
Total revenues |  | $ | 656,683 |  |  | $ | 1,228,117 |
|  | Three Months Ended |  |  | Six Months Ended |
|  | September 30, 2021 |  |  | September 30, 2021 |
|  | (In thousands) |
U.S. customers |  | $ | 508,944 |  |  | $ | 998,193 |
Non-U.S. customers (each country individually insignificant) |  |  | 100,213 |  |  |  | 181,744 |
Total revenues |  | $ | 609,157 |  |  | $ | 1,179,937 |

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