Supplemental Disclosure of Cash Flow Information

12 Months Ended

Mar. 31, 2023

Supplemental Cash Flow Elements [Abstract]

Supplemental Disclosure of Cash Flow Information

The following table summarizes the Company’s supplemental cash flow information:


	For the years ended March 31,
(in thousands)	2023		2022		2021
Cash paid during the period:
Taxes paid	$	14	$	7	$	61
Interest paid	—		—		—
Non-cash investing activity:
Capitalized change in estimated asset retirement obligations	$	(6)	$	(17)	$	85


Network equipment provided in exchange for wireless licenses	36		120		61
Non-cash financing activities:
Shares surrendered from stock option exercises	$	—	$	1,000	$	—
Equity payment of prior year accrued employee related expenses	—		—		1,537

During the year ended March 31, 2023, the Company was granted by the FCC, broadband licenses for 84 counties and relinquished to the FCC its narrowband licenses for the same 84 counties. This transaction resulted in a non-cash increase to intangibles of $38.4 million, which has been recorded as a non-cash gain on disposal of intangible assets of $38.4 million, for the year ended March 31, 2023. See Note 5 Intangible Assets for further discussion on the license exchanges.

During the year ended March 31, 2022, the Company was granted by the FCC, broadband licenses for 21 counties and relinquished to the FCC its narrowband licenses for the same 21 counties. This transaction resulted in a non-cash increase to intangibles of $11.2 million, which has been recorded as a non-cash gain on disposal of intangible assets of $11.2 million, for the year ended March 31, 2022. See Note 5 Intangible Assets for further discussion on the license exchanges.