XML 36 R22.htm IDEA: XBRL DOCUMENT
v3.23.1

Segment Information | 12 Months Ended
--- | ---
Mar. 31, 2023
Segment Reporting [Abstract] |
Segment Information | Note 16 — Segment Information The Company’s reporting segments (satellite services, commercial networks and government systems) 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, Prepaid Internet 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, ASIC 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, IP-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. As described in Note 1 — The Company and a Summary of Its Significant Accounting Policies and Note 4 — Discontinued Operations, on October 1, 2022, the Company entered into an Asset Purchase Agreement to sell certain assets and assign certain liabilities comprising the Link-16 TDL Business to L3Harris. In accordance with ASC 205-20, the Company determined that the Link-16 TDL Business met held-for-sale and discontinued operations accounting criteria at the end of the second quarter of fiscal year 2023. Accordingly, the segment information for the periods prior to the measurement date of a discontinued operation that is part of a reportable segment is required to be restated to reflect the discontinued operation classification. Therefore, the discontinued operations have been excluded from segment results for all periods presented. Further, as the discontinued operation is part of a reportable segment but not the entire reportable segment, the costs previously allocated to a discontinued operation have been reasonably allocated to the remaining operating segments. Therefore, certain corporate and other indirect costs previously allocated to the Link-16 TDL Business have been allocated across all three segments for the periods presented. On January 3, 2023, the Company completed the Link-16 TDL Sale. See Note 4 — Discontinued Operations for additional information. Segment revenues and operating profits (losses) for the fiscal years ended March 31, 2023, 2022 and 2021 were as follows:
|  | Fiscal Years Ended |
|  | March 31, 2023 |  |  | March 31, 2022 |  |  | March 31, 2021 |
|  | (In thousands) |
Revenues: |  |  |  |  |  |  |  |  |
Satellite services |  |  |  |  |  |  |  |  |
Product |  | $ | — |  |  | $ | — |  |  | $ | — |
Service |  |  | 1,210,733 |  |  |  | 1,188,816 |  |  |  | 868,943 |
Total |  |  | 1,210,733 |  |  |  | 1,188,816 |  |  |  | 868,943 |
Commercial networks |  |  |  |  |  |  |  |  |
Product |  |  | 530,374 |  |  |  | 443,435 |  |  |  | 268,830 |
Service |  |  | 82,273 |  |  |  | 68,664 |  |  |  | 52,026 |
Total |  |  | 612,647 |  |  |  | 512,099 |  |  |  | 320,856 |
Government systems |  |  |  |  |  |  |  |  |
Product |  |  | 423,752 |  |  |  | 417,291 |  |  |  | 470,543 |
Service |  |  | 309,026 |  |  |  | 298,973 |  |  |  | 260,536 |
Total |  |  | 732,778 |  |  |  | 716,264 |  |  |  | 731,079 |
Elimination of intersegment revenues |  |  | — |  |  |  | — |  |  |  | — |
Total revenues |  | $ | 2,556,158 |  |  | $ | 2,417,179 |  |  | $ | 1,920,878 |
Operating profits (losses): |  |  |  |  |  |  |  |  |
Satellite services |  | $ | (41,045 | ) |  | $ | 31,559 |  |  | $ | 26,263 |
Commercial networks |  |  | (145,319 | ) |  |  | (209,093 | ) |  |  | (206,437 | )
Government systems |  |  | 60,219 |  |  |  | 93,122 |  |  |  | 139,703 |
Elimination of intersegment operating profits (losses) |  |  | — |  |  |  | — |  |  |  | — |
Segment operating profit (loss) before corporate and amortization of acquired intangible assets |  |  | (126,145 | ) |  |  | (84,412 | ) |  |  | (40,471 | )
Corporate |  |  | — |  |  |  | — |  |  |  | — |
Amortization of acquired intangible assets |  |  | (29,811 | ) |  |  | (28,729 | ) |  |  | (5,482 | )
Income (loss) from operations |  | $ | (155,956 | ) |  | $ | (113,141 | ) |  | $ | (45,953 | )
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 March 31, 2023 and 2022 were as follows:
|  | As of March 31, 2023 |  |  | As of March 31, 2022 |
|  | (In thousands) |
Segment assets: |  |  |  |  |  |
Satellite services |  | $ | 424,881 |  |  | $ | 444,976 |
Commercial networks |  |  | 328,828 |  |  |  | 202,941 |
Government systems |  |  | 293,780 |  |  |  | 266,641 |
Total segment assets |  |  | 1,047,489 |  |  |  | 914,558 |
Corporate assets |  |  | 6,682,848 |  |  |  | 5,199,686 |
Assets of discontinued operations |  | — |  |  |  | 275,102 |
Total assets |  | $ | 7,730,337 |  |  | $ | 6,389,346 |
Other acquired intangible assets, net and goodwill included in segment assets as of March 31, 2023 and 2022 were as follows:
|  | Other Acquired Intangible Assets, Net |  |  | Goodwill |
|  | As of March 31, 2023 |  |  | As of March 31, 2022 |  |  | As of March 31, 2023 |  |  | As of March 31, 2022 |
|  | (In thousands) |
Satellite services |  | $ | 200,097 |  |  | $ | 233,740 |  |  | $ | 80,589 |  |  | $ | 81,972 |
Commercial networks |  |  | — |  |  |  | — |  |  |  | 41,014 |  |  |  | 44,050 |
Government systems |  |  | 1,108 |  |  |  | 2,303 |  |  |  | 36,939 |  |  |  | 42,688 |
Total |  | $ | 201,205 |  |  | $ | 236,043 |  |  | $ | 158,542 |  |  | $ | 168,710 |
Amortization of acquired intangible assets by segment for the fiscal years ended March 31, 2023, 2022 and 2021 was as follows:
|  | Fiscal Years Ended |
|  | March 31, 2023 |  |  | March 31, 2022 |  |  | March 31, 2021 |
|  | (In thousands) |
Satellite services |  | $ | 28,641 |  |  | $ | 27,220 |  |  | $ | 2,164 |
Commercial networks |  |  | — |  |  |  | — |  |  |  | 257 |
Government systems |  |  | 1,170 |  |  |  | 1,509 |  |  |  | 3,061 |
Total amortization of acquired intangible assets |  | $ | 29,811 |  |  | $ | 28,729 |  |  | $ | 5,482 |
Revenues by geographic area for the fiscal years ended March 31, 2023, 2022 and 2021 were as follows:
|  | Fiscal Years Ended |
|  | March 31, 2023 |  |  | March 31, 2022 |  |  | March 31, 2021 |
|  | (In thousands) |
U.S. customers |  | $ | 2,147,651 |  |  | $ | 2,036,019 |  |  | $ | 1,736,136 |
Non U.S. customers (each country individually insignificant) |  |  | 408,507 |  |  |  | 381,160 |  |  |  | 184,742 |
Total revenues |  | $ | 2,556,158 |  |  | $ | 2,417,179 |  |  | $ | 1,920,878 |
The Company distinguishes revenues from external customers by geographic area based on customer location. The net book value of long-lived assets located outside the United States was $262.4 million at March 31, 2023 and $145.2 million at March 31, 2022.

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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://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