Segment Information

3 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Segment Information

Note 10 — Segment Information

The Company’s reporting segments, comprised of the satellite services, commercial networks and government systems segments, 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 hotspot 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, Application-Specific Integrated Circuit 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, internet protocol-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.

Segment revenues and operating profits (losses) for the three months ended June 30, 2022 and 2021 were as follows:

	Three Months Ended
	June 30, 2022			June 30, 2021
	(In thousands)
Revenues:
Satellite services
Product	$	—		$	—
Service		312,100			274,117
Total		312,100			274,117
Commercial networks
Product		93,575			101,531
Service		19,209			17,065
Total		112,784			118,596
Government systems
Product		175,225			191,733
Service		78,114			80,414
Total		253,339			272,147
Elimination of intersegment revenues		—		—
Total revenues	$	678,223		$	664,860
Operating profits (losses):
Satellite services	$	3,500		$	12,513
Commercial networks		(42,397	)		(37,708	)
Government systems		19,358			47,416
Elimination of intersegment operating    profits		—			—
Segment operating profit (loss) before corporate    and amortization of acquired intangible    assets		(19,539	)		22,221
Corporate		—			—
Amortization of acquired intangible    assets		(7,523	)		(5,929	)
Income (loss) from operations	$	(27,062	)	$	16,292

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 June 30, 2022 and March 31, 2022 were as follows:

	As of  June 30, 2022		As of  March 31, 2022
	(In thousands)
Segment assets:
Satellite services	$	429,644	$	444,976
Commercial networks		234,642		202,941
Government systems		479,305		479,166
Total segment assets		1,143,591		1,127,083
Corporate assets		5,339,764		5,262,263
Total assets	$	6,483,355	$	6,389,346

Other acquired intangible assets, net and goodwill included in segment assets as of June 30, 2022 and March 31, 2022 were as follows:

	Other Acquired Intangible Assets, Net				Goodwill
	As of  June 30, 2022		As of  March 31, 2022		As of  June 30, 2022		As of  March 31, 2022
	(In thousands)
Satellite services	$	220,199	$	233,740	$	79,739	$	81,972
Commercial networks		—		—		44,002		44,050
Government systems		1,988		2,303		63,618		64,091
Total	$	222,187	$	236,043	$	187,359	$	190,113

Amortization of acquired intangible assets by segment for the three months ended June 30, 2022 and 2021 was as follows:

	Three Months Ended
	June 30, 2022		June 30, 2021
	(In thousands)
Satellite services	$	7,228	$	5,322
Commercial networks		—		—
Government systems		295		607
Total amortization of acquired    intangible assets	$	7,523	$	5,929

Revenues by geographic area for the three months ended June 30, 2022 and 2021 were as follows:

	Three Months Ended
	June 30, 2022		June 30, 2021
	(In thousands)
U.S. customers	$	579,117	$	567,486
Non-U.S. customers (each country individually insignificant)		99,106		97,374
Total revenues	$	678,223	$	664,860

The Company distinguishes revenues from external customers by geographic area based on customer location.