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Discontinued Operations - (Tables)
12 Months Ended
Mar. 31, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations Financial Information

The operating results of the discontinued operations only reflect revenues and expenses that are directly attributable to the Link-16 TDL Business that have been eliminated from continuing operations. The following table presents key components of “Net income (loss) from discontinued operations, net of tax” for the fiscal years ended March 31, 2024 and 2023:

 

 

 

Fiscal Years Ended

 

 

 

 

March 31, 2024

 

 

March 31, 2023

 

 

 

 

(In thousands)

 

 

Revenues

 

$

 

 

$

247,069

 

 

Operating expenses:

 

 

 

 

 

 

 

Cost of revenues

 

 

 

 

 

157,355

 

 

Other operating expenses

 

 

 

 

 

24,062

 

 

Net income (loss) from discontinued operations before income taxes

 

$

 

 

$

65,652

 

 

Gain (loss) on disposal of discontinued operations before income taxes, net of costs to sell

 

 

(11,000

)

 

 

1,661,891

 

 

(Provision for) benefit from income taxes

 

 

578

 

 

 

(425,156

)

 

Net income (loss) from discontinued operations, net of tax

 

$

(10,422

)

 

$

1,302,387

 

 

The cash flows related to discontinued operations have not been segregated and are included in the consolidated statements of cash flows. The following table presents key cash flow and non-cash information related to discontinued operations for the fiscal year ended March 31, 2023:

 

 

 

Fiscal Year Ended

 

 

 

March 31, 2023

 

 

 

(In thousands)

 

Depreciation

 

$

5,909

 

Amortization of intangible assets

 

 

897

 

Capital expenditures

 

 

10,950