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Discontinued Operations - (Tables) | 9 Months Ended
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Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Discontinued Operations Financial Information | The following table presents key components of assets and liabilities that are classified as discontinued operations on the condensed consolidated balance sheets as of December 31, 2022 and March 31, 2022:
|  | As of December 31, 2022 |  |  | As of March 31, 2022 |
|  | (In thousands) |
Accounts receivable, net |  | $ | 45,230 |  |  | $ | 47,097 |
Inventories |  |  | 145,234 |  |  |  | 144,026 |
Prepaid expenses and other current assets |  |  | 9,397 |  |  |  | 6,468 |
Property, equipment, and satellites, net |  |  | 40,740 |  |  |  | 36,921 |
Operating lease right-of-use assets |  |  | 11,336 |  |  |  | 12,837 |
Goodwill |  |  | 21,203 |  |  |  | 21,403 |
Other assets |  |  | 10,264 |  |  |  | 6,350 |
Total assets of discontinued operations |  | $ | 283,404 |  |  | $ | 275,102 |
Accounts payable |  | $ | 21,107 |  |  | $ | 18,415 |
Accrued and other liabilities |  |  | 28,211 |  |  |  | 33,858 |
Non-current operating lease liabilities |  |  | 9,753 |  |  |  | 11,486 |
Other liabilities |  |  | 5,043 |  |  |  | 4,295 |
Total liabilities of discontinued operations |  | $ | 64,114 |  |  | $ | 68,054 |
The operating results of the discontinued operations only reflect revenues and expenses that are directly attributable to the Link-16 TDL Business that will be eliminated from continuing operations. The following table presents key components of “Net income (loss) from discontinued operations, net of tax” for the three and nine months ended December 31, 2022 and 2021:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | December 31, 2022 |  |  | December 31, 2021 |  |  | December 31, 2022 |  |  | December 31, 2021 |
|  | (In thousands) |
Revenues |  | $ | 62,650 |  |  | $ | 94,450 |  |  | $ | 247,069 |  |  | $ | 275,499 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues |  |  | 41,995 |  |  |  | 55,889 |  |  |  | 157,355 |  |  |  | 167,311 |
Other operating expenses |  |  | 6,878 |  |  |  | 5,303 |  |  |  | 24,062 |  |  |  | 14,570 |
Net income (loss) from discontinued operations before income taxes |  | $ | 13,777 |  |  | $ | 33,258 |  |  | $ | 65,652 |  |  | $ | 93,618 |
(Provision for) benefit from income taxes |  |  | (9,444 | ) |  |  | (6,805 | ) |  |  | (21,607 | ) |  |  | (18,497 | )
Net income (loss) from discontinued operations, net of tax |  | $ | 4,333 |  |  | $ | 26,453 |  |  | $ | 44,045 |  |  | $ | 75,121 |
The cash flows related to discontinued operations have not been segregated and are included in the condensed consolidated statements of cash flows. The following table presents key cash flow and non-cash information related to discontinued operations for the nine months ended December 31, 2022 and 2021:
|  | Nine Months Ended |
|  | December 31, 2022 |  |  | December 31, 2021 |
|  | (In thousands) |
Depreciation |  | $ | 5,909 |  |  | $ | 7,675 |
Amortization of intangible assets |  |  | 897 |  |  |  | 1,421 |
Capital expenditures |  |  | 10,950 |  |  |  | 8,742 |

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