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Segment Information (Tables)
9 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Segment Revenues and Operating Profits (Losses)

Segment revenues and operating profits (losses) for the three and nine months ended December 31, 2016 and 2015 were as follows:

 

     Three Months Ended      Nine Months Ended  
     December 31, 2016      December 31, 2015      December 31, 2016      December 31, 2015  
     (In thousands)  

Revenues:

           

Satellite services

           

Product (1)

   $ 7,114       $ 6,453       $ 20,581       $ 19,105   

Service

     152,978         134,751         448,188         394,700   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     160,092         141,204         468,769         413,805   

Commercial networks

           

Product

     46,878         49,617         163,919         173,111   

Service

     7,633         5,809         21,608         15,440   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     54,511         55,426         185,527         188,551   

Government systems

           

Product

     115,582         100,220         332,985         296,082   

Service

     50,445         50,909         155,637         147,029   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     166,027         151,129         488,622         443,111   

Elimination of intersegment revenues

     —           —           —           —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Total revenues

   $ 380,630       $ 347,759       $ 1,142,918       $ 1,045,467   
  

 

 

    

 

 

    

 

 

    

 

 

 

Operating profits (losses):

           

Satellite services (1)

   $ 34,846       $ 21,772       $ 98,263       $ 59,849   

Commercial networks

     (48,598      (29,889      (127,997      (70,928

Government systems

     24,118         22,763         71,082         58,362   

Elimination of intersegment operating profits

     —           —           —           —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Segment operating profit before corporate and amortization of acquired intangible assets

     10,366         14,646         41,348         47,283   

Corporate

     —           —           —           —     

Amortization of acquired intangible assets

     (2,775      (4,261      (7,565      (13,658
  

 

 

    

 

 

    

 

 

    

 

 

 

Income from operations

   $ 7,591       $ 10,385       $ 33,783       $ 33,625   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) Product revenues and operating profits in the satellite services segment for the three and nine months ended December 31, 2016 included $6.8 million and $20.0 million, respectively, and for the three and nine months ended December 31, 2015 included $6.4 million and $18.8 million, respectively, relating to amounts realized under the Company’s settlement agreement entered into in fiscal year 2015 with Space Systems Loral, Inc. and its former parent company Loral Space & Communications, Inc.
Segment Assets

use by the various segments throughout their estimated useful lives. Segment assets as of December 31, 2016 and March 31, 2016 were as follows:

 

     As of
December 31,
2016
     As of
March 31,
2016
 
     (In thousands)  

Segment assets:

     

Satellite services

   $ 81,088       $ 57,529   

Commercial networks

     165,474         212,943   

Government systems

     330,714         311,927   
  

 

 

    

 

 

 

Total segment assets

     577,276         582,399   

Corporate assets

     2,305,804         1,814,913   
  

 

 

    

 

 

 

Total assets

   $ 2,883,080       $ 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 December 31, 2016 and March 31, 2016 were as follows:

 

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

Satellite services

   $ 23,556       $ 8,751       $ 13,434       $ 9,809   

Commercial networks

     5,314         6,581         43,892         43,990   

Government systems

     15,682         18,272         62,299         63,241   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 44,552       $ 33,604       $ 119,625       $ 117,040   
  

 

 

    

 

 

    

 

 

    

 

 

 

Amortization of acquired intangible assets by segment for the three and nine months ended December 31, 2016 and 2015 was as follows:

 

     Three Months Ended      Nine Months Ended  
     December 31, 2016      December 31, 2015      December 31, 2016      December 31, 2015  
     (In thousands)  

Satellite services

   $ 1,605       $ 2,488       $ 3,814       $ 8,018   

Commercial networks

     411         706         1,267         1,957   

Government systems

     759         1,067         2,484         3,683   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total amortization of acquired intangible assets

   $ 2,775       $ 4,261       $ 7,565       $ 13,658