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Segment Information (Tables)
6 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Segment Revenues and Operating Profits (Losses)

Segment revenues and operating profits (losses) for the three and six months ended September 30, 2016 and 2015 were as follows:

 

     Three Months Ended      Six Months Ended  
     September 30, 2016      September 30, 2015      September 30, 2016      September 30, 2015  
     (In thousands)  

Revenues:

           

Satellite services

           

Product (1)

   $ 6,782       $ 6,376       $ 13,467       $ 12,652   

Service

     149,502         133,809         295,210         259,949   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     156,284         140,185         308,677         272,601   

Commercial networks

           

Product

     58,445         61,983         117,041         123,494   

Service

     7,018         4,387         13,975         9,631   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     65,463         66,370         131,016         133,125   

Government systems

           

Product

     122,008         95,301         217,403         195,862   

Service

     55,403         51,474         105,192         96,120   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     177,411         146,775         322,595         291,982   

Elimination of intersegment revenues

     —          —          —          —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Total revenues

   $ 399,158       $ 353,330       $ 762,288       $ 697,708   
  

 

 

    

 

 

    

 

 

    

 

 

 

Operating profits (losses):

           

Satellite services (1)

   $ 32,550       $ 21,036       $ 63,417       $ 38,077   

Commercial networks

     (40,868      (22,306      (79,399      (41,039

Government systems

     29,009         19,683         46,964         35,599   

Elimination of intersegment operating profits

     —          —          —          —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Segment operating profit before corporate and amortization of acquired intangible assets

     20,691         18,413         30,982         32,637   

Corporate

     —          —          —          —    

Amortization of acquired intangible assets

     (2,277      (4,587      (4,790      (9,397
  

 

 

    

 

 

    

 

 

    

 

 

 

Income from operations

   $ 18,414       $ 13,826       $ 26,192       $ 23,240   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) Product revenues and operating profits in the satellite services segment for the three and six months ended September 30, 2016 included $6.6 million and $13.2 million, respectively, and for the three and six months ended September 30, 2015 included $6.3 million and $12.5 million, respectively, relating to amounts realized under the Company’s settlement agreement entered into in fiscal year 2015 with Space System Loral, Inc. and its former parent company Loral Space & Communications, Inc.
Segment Assets

Segment assets as of September 30, 2016 and March 31, 2016 were as follows:

 

     As of
September 30,
2016
     As of
March 31,
2016
 
     (In thousands)  

Segment assets:

     

Satellite services

   $ 58,618       $ 57,529   

Commercial networks

     180,028         212,943   

Government systems

     334,602         311,927   
  

 

 

    

 

 

 

Total segment assets

     573,248         582,399   

Corporate assets

     2,009,987         1,814,913   
  

 

 

    

 

 

 

Total assets

   $ 2,583,235       $ 2,397,312   
  

 

 

    

 

 

 
Other Acquired Intangible Assets, Net and Goodwill Included in Segment Assets and Amortization of Acquired Intangible Assets by Segment

Other acquired intangible assets, net and goodwill included in segment assets as of September 30, 2016 and March 31, 2016 were as follows:

 

     Other Acquired Intangible
Assets, Net
     Goodwill  
     As of
September 30, 2016
     As of
March 31, 2016
     As of
September 30, 2016
     As of
March 31, 2016
 
     (In thousands)  

Satellite services

   $ 6,541       $ 8,751       $ 9,809       $ 9,809   

Commercial networks

     5,726         6,581         43,977         43,990   

Government systems

     16,475         18,272         62,618         63,241   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 28,742       $ 33,604       $ 116,404       $ 117,040   
  

 

 

    

 

 

    

 

 

    

 

 

 

Amortization of acquired intangible assets by segment for the three and six months ended September 30, 2016 and 2015 was as follows:

 

     Three Months Ended      Six Months Ended  
     September 30, 2016      September 30, 2015      September 30, 2016      September 30, 2015  
     (In thousands)  

Satellite services

   $ 1,105       $ 2,765       $ 2,209       $ 5,530   

Commercial networks

     411         755         856         1,251   

Government systems

     761         1,067         1,725         2,616   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total amortization of acquired intangible assets

   $ 2,277       $ 4,587       $ 4,790       $ 9,397