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Income Taxes (Tables)
12 Months Ended
Mar. 31, 2017
Income Tax Disclosure [Abstract]  
Components of Income Before Income Taxes

The components of income before income taxes by jurisdiction are as follows:

 

     Fiscal Years Ended  
     March 31,
2017
     March 31,
2016
     April 3,
2015
 
     (In thousands)  

United States

   $ 29,649      $ 20,280      $ 58,185  

Foreign

     (4,265 )       (2,683 )       (4,467 ) 
  

 

 

    

 

 

    

 

 

 
   $ 25,384      $ 17,597      $ 53,718  
  

 

 

    

 

 

    

 

 

 
Summary of Provision for (Benefit from) Income Taxes

The provision for (benefit from) income taxes includes the following:

 

     Fiscal Years Ended  
     March 31,
2017
     March 31,
2016
     April 3,
2015
 
     (In thousands)  

Current tax (benefit) provision

        

Federal

   $ 2,041      $ 132      $ (216 ) 

State

     1,167        543        1,507  

Foreign

     600        148        115  
  

 

 

    

 

 

    

 

 

 
     3,808        823        1,406  
  

 

 

    

 

 

    

 

 

 

Deferred tax (benefit) provision

        

Federal

     4,410        2,266        14,546  

State

     (4,509 )       (7,090 )       (1,477 ) 

Foreign

     (92 )       (172 )       (648 ) 
  

 

 

    

 

 

    

 

 

 
     (191 )       (4,996 )       12,421  
  

 

 

    

 

 

    

 

 

 

Total provision for (benefit from) income taxes

   $ 3,617      $ (4,173 )     $ 13,827  
  

 

 

    

 

 

    

 

 

 
Components of Net Deferred Tax Assets

Significant components of the Company’s net deferred tax assets are as follows:

 

     As of  
     March 31,
2017
     March 31,
2016
 
     (In thousands)  

Deferred tax assets:

     

Net operating loss carryforwards

   $ 202,752      $ 222,332  

Tax credit carryforwards

     145,369        129,333  

Other

     74,962        64,459  

Valuation allowance

     (17,728 )       (17,089 ) 
  

 

 

    

 

 

 

Total deferred tax assets

     405,355        399,035  

Deferred tax liabilities:

     

Intangible assets

     (98,099 )       (82,295 ) 

Property, equipment and satellites

     (174,428 )       (182,030 ) 
  

 

 

    

 

 

 

Total deferred tax liabilities

     (272,527 )       (264,325 ) 
  

 

 

    

 

 

 

Net deferred tax assets

   $ 132,828      $ 134,710  
  

 

 

    

 

 

 
Reconciliation of Provision for (Benefit from) Income Taxes to Amount Computed by Applying Statutory Federal Income Tax Rate to Income before Income Taxes

A reconciliation of the provision for (benefit from) income taxes to the amount computed by applying the statutory federal income tax rate to income before income taxes is as follows:

 

     Fiscal Years Ended  
     March 31,
2017
     March 31,
2016
     April 3,
2015
 
     (In thousands)  

Tax provision at federal statutory rate

   $ 8,885      $ 6,167      $ 18,808  

State tax provision, net of federal benefit

     1,681        1,197        4,014  

Tax credits, net of valuation allowance

     (15,121 )       (16,016 )       (14,055 ) 

Non-deductible compensation

     2,659        2,457        1,966  

Non-deductible transaction costs

     645        30        154  

Non-deductible meals and entertainment

     794        751        759  

Stock-based compensation

     886        551        478  

Change in state effective tax rate

     417        (354 )       508  

Foreign effective tax rate differential, net of valuation allowance

     2,391        859        898  

Other

     380        185        297  
  

 

 

    

 

 

    

 

 

 

Total provision for (benefit from) income taxes

   $ 3,617      $ (4,173 )     $ 13,827  
  

 

 

    

 

 

    

 

 

 
Summary of Activity Related to Unrecognized Tax Benefits

The following table summarizes the activity related to the Company’s unrecognized tax benefits:

 

     As of  
     March 31,
2017
     March 31,
2016
     April 3,
2015
 
     (In thousands)  

Balance, beginning of fiscal year

   $ 45,080      $ 41,769      $ 37,395  

(Decrease) increase related to prior year tax positions

     (421 )       (586 )       524  

Increases related to current year tax positions

     4,407        3,897        3,897  

Statute expirations

     —          —          (47 ) 
  

 

 

    

 

 

    

 

 

 

Balance, end of fiscal year

   $ 49,066      $ 45,080      $ 41,769