Supplemental Disclosure of Cash Flow Information

12 Months Ended

Mar. 31, 2025

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)	2025		2024
Cash paid during the period:
Taxes paid, including excise tax	$	1,728	$	70
Operating leases paid	2,311		2,316
Non-cash investing activity:
Capitalized change in estimated asset retirement obligations	$	(107)	$	89
Network equipment provided in exchange for wireless licenses	190		616
Narrowband spectrum licenses received in connection with the LCRA Agreement	1,430		—
Deferred gain on sale of intangible assets	—		4,911
Derecognition of contingent liability related to sale of intangible assets	—		19,249
Rights of use asset for new leases	796		645
Rights of use asset for modifications and renewals	1,258		1,928

During the year ended March 31, 2025, the FCC granted the Company the broadband licenses for 67 counties and relinquished to the FCC its narrowband licenses for the same 67 counties. This transaction resulted in a non-cash increase to intangibles of $22.8 million, which has been recorded as a non-cash gain on exchange of intangible assets of $22.8 million, for the year ended March 31, 2025. See Note 7 Intangible Assets for further discussion on the license exchanges.

During the year ended March 31, 2024, the FCC granted the Company the broadband licenses for 28 counties and relinquished to the FCC its narrowband licenses for the same 28 counties. This transaction resulted in a non-cash increase to intangibles of $35.0 million, which has been recorded as a non-cash gain on exchange of intangible assets of $35.0 million, for the year ended March 31, 2024. See Note 7 Intangible Assets for further discussion on the license exchanges.