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Segment Information (Tables)
3 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Segment Revenues and Operating Profits (Losses)

Segment revenues and operating profits (losses) for the three months ended June 30, 2017 and 2016 were as follows:

 

     Three Months Ended  
     June 30, 2017      June 30, 2016  
     (in thousands)  

Revenues:

     

Satellite services

     

Product (1)

   $ 217      $ 6,685  

Service

     151,997        145,708  
  

 

 

    

 

 

 

Total

     152,214        152,393  

Commercial networks

     

Product

     36,483        58,596  

Service

     8,765        6,957  
  

 

 

    

 

 

 

Total

     45,248        65,553  

Government systems

     

Product

     129,418        95,395  

Service

     53,164        49,789  
  

 

 

    

 

 

 

Total

     182,582        145,184  

Elimination of intersegment revenues

     —          —    
  

 

 

    

 

 

 

Total revenues

   $ 380,044      $ 363,130  
  

 

 

    

 

 

 

Operating profits (losses):

     

Satellite services (1)

   $ 18,843      $ 30,867  

Commercial networks

     (66,125      (38,531

Government systems

     32,592        17,955  

Elimination of intersegment operating profits

     —          —    
  

 

 

    

 

 

 

Segment operating (loss) profit before corporate and amortization of acquired intangible assets

     (14,690      10,291  

Corporate

     —          —    

Amortization of acquired intangible assets

     (3,260      (2,513
  

 

 

    

 

 

 

(Loss) income from operations

   $ (17,950    $ 7,778  
  

 

 

    

 

 

 

 

(1) Product revenues and operating profits in the satellite services segment for the three months ended June 30, 2016 included $6.6 million 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. As of March 31, 2017, all payments pursuant to this settlement agreement had been recorded and no further impacts to the Company’s consolidated financial statements are anticipated related to this settlement agreement.
Segment Assets

Segment assets as of June 30, 2017 and March 31, 2017 were as follows:

 

     As of
June 30,
2017
     As of
March 31,
2017
 
     (In thousands)  

Segment assets:

     

Satellite services

   $ 71,477      $ 81,728  

Commercial networks

     169,942        179,992  

Government systems

     310,405        326,242  
  

 

 

    

 

 

 

Total segment assets

     551,824        587,962  

Corporate assets

     2,526,890        2,366,691  
  

 

 

    

 

 

 

Total assets

   $ 3,078,714      $ 2,954,653  
  

 

 

    

 

 

 
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 June 30, 2017 and March 31, 2017 were as follows:

 

     Other Acquired Intangible
Assets, Net
     Goodwill  
     As of
June 30, 2017
     As of
March 31, 2017
     As of
June 30, 2017
     As of
March 31, 2017
 
     (In thousands)  

Satellite services

   $ 20,810      $ 21,843      $ 13,815      $ 13,579  

Commercial networks

     4,495        4,903        44,003        43,930  

Government systems

     14,192        14,931        62,601        62,367  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 39,497      $ 41,677      $ 120,419      $ 119,876  
  

 

 

    

 

 

    

 

 

    

 

 

 

Amortization of acquired intangible assets by segment for the three months ended June 30, 2017 and 2016 was as follows:

 

     Three Months Ended  
     June 30, 2017      June 30, 2016  

Satellite services

   $ 2,093      $ 1,104  

Commercial networks

     407        445  

Government systems

     760        964  
  

 

 

    

 

 

 

Total amortization of acquired intangible assets

   $ 3,260      $ 2,513