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Segment Information (Tables)
6 Months Ended
Oct. 03, 2014
Segment Reporting [Abstract]  
Segment Revenues, Operating (Losses) Profits and Assets

Segment revenues and operating profits (losses) for the three and six months ended October 3, 2014 and October 4, 2013 were as follows:

 

     Three Months Ended     Six Months Ended  
     October 3, 2014     October 4, 2013     October 3, 2014     October 4, 2013  
     (In thousands)  

Revenues:

        

Satellite Services

        

Product (1)

   $ 21,289      $ 4      $ 21,319      $ 20   

Service

     114,647        100,347        224,332        186,178   
  

 

 

   

 

 

   

 

 

   

 

 

 

Total

     135,936        100,351        245,651        186,198   

Commercial Networks

        

Product

     83,109        105,146        171,701        196,970   

Service

     3,750        5,041        7,386        10,616   
  

 

 

   

 

 

   

 

 

   

 

 

 

Total

     86,859        110,187        179,087        207,586   

Government Systems

        

Product

     89,526        105,241        169,033        195,562   

Service

     46,437        38,102        84,458        85,637   
  

 

 

   

 

 

   

 

 

   

 

 

 

Total

     135,963        143,343        253,491        281,199   

Elimination of intersegment revenues

     —         —         —         —    
  

 

 

   

 

 

   

 

 

   

 

 

 

Total revenues

   $ 358,758      $ 353,881      $ 678,229      $ 674,983   
  

 

 

   

 

 

   

 

 

   

 

 

 

Operating profits (losses):

        

Satellite Services (2)

   $ 39,351      $ (14,638   $ 37,402      $ (27,616

Commercial Networks

     (7,253     (366     (13,243     2,970   

Government Systems

     19,016        18,290        29,815        34,857   

Elimination of intersegment operating profits

     —         —         —         —    
  

 

 

   

 

 

   

 

 

   

 

 

 

Segment operating profit before corporate and amortization of acquired intangible assets

     51,114        3,286        53,974        10,211   

Corporate

     —         —         —         —    

Amortization of acquired intangible assets

     (4,658     (3,796     (8,687     (7,297
  

 

 

   

 

 

   

 

 

   

 

 

 

Income (loss) from operations

   $ 46,456      $ (510   $ 45,287      $ 2,914   
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) Of the amounts realized under the Settlement Agreement during the three and six months ended October 3, 2014, $21.0 million was recognized as product revenues in the Company’s satellite services segment. See Note 8.
(2) Operating profits for the satellite services segment for the three and six months ended October 3, 2014 include $39.7 million in earnings contributions relating to amounts realized under the Settlement Agreement. See Note 8.

 

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, gateways 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 October 3, 2014 and April 4, 2014 were as follows:

 

     As of
October 3,
2014
     As of
April 4,
2014
 
     (In thousands)  

Segment assets:

     

Satellite Services

   $ 76,906       $ 73,382   

Commercial Networks

     242,278         229,455   

Government Systems

     255,968         206,848   
  

 

 

    

 

 

 

Total segment assets

     575,152         509,685   

Corporate assets

     1,439,612         1,450,430   
  

 

 

    

 

 

 

Total assets

   $ 2,014,764       $ 1,960,115   
  

 

 

    

 

 

 
Other Net Acquired Intangible Assets and Goodwill Included in Segment Assets

Other acquired intangible assets, net and goodwill included in segment assets as of October 3, 2014 and April 4, 2014 were as follows:

 

     Other Acquired Intangible
Assets, Net
     Goodwill  
     As of
October 3, 2014
     As of
April 4, 2014
     As of
October 3, 2014
     As of
April 4, 2014
 
     (In thousands)  

Satellite Services

   $ 23,401       $ 28,931       $ 9,809       $ 9,809   

Commercial Networks

     2,179         2,583         44,009         44,148   

Government Systems

     25,690         3,883         63,799         29,670   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 51,270       $ 35,397       $ 117,617       $ 83,627   
  

 

 

    

 

 

    

 

 

    

 

 

 
Amortization of Acquired Intangible Assets by Segment

Amortization of acquired intangible assets by segment for the three and six months ended October 3, 2014 and October 4, 2013 was as follows:

 

     Three Months Ended      Six Months Ended  
     October 3, 2014      October 4, 2013      October 3, 2014      October 4, 2013  
     (In thousands)  

Satellite Services

   $ 2,765       $ 2,765       $ 5,530       $ 5,530   

Commercial Networks

     373         509         715         652   

Government Systems

     1,520         522         2,442         1,115   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total amortization of acquired intangible assets

   $ 4,658       $ 3,796       $ 8,687       $ 7,297