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Composition of Certain Balance Sheet Captions (Tables)
3 Months Ended
Jun. 30, 2018
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Composition of Certain Balance Sheet Captions

 

 

 

As of

June 30,

2018

 

 

As of

March 31,

2018

 

 

 

(In thousands)

 

Accounts receivable, net:

 

 

 

 

 

 

 

 

Billed

 

$

156,860

 

 

$

184,536

 

Unbilled

 

 

80,852

 

 

 

85,156

 

Allowance for doubtful accounts

 

 

(1,627

)

 

 

(2,027

)

 

 

$

236,085

 

 

$

267,665

 

Inventories:

 

 

 

 

 

 

 

 

Raw materials

 

$

71,901

 

 

$

62,252

 

Work in process

 

 

47,756

 

 

 

47,465

 

Finished goods

 

 

100,361

 

 

 

86,590

 

 

 

$

220,018

 

 

$

196,307

 

Prepaid expenses and other current assets:

 

 

 

 

 

 

 

 

Prepaid expenses

 

$

87,019

 

 

$

68,516

 

Other

 

 

15,958

 

 

 

8,619

 

 

 

$

102,977

 

 

$

77,135

 

Satellites, net:

 

 

 

 

 

 

 

 

Satellites (estimated useful life of 10-17 years)

 

$

1,160,593

 

 

$

1,152,503

 

Capital lease of satellite capacity — Anik F2 (estimated useful life of 10 years)

 

 

99,090

 

 

 

99,090

 

Satellites under construction

 

 

401,763

 

 

 

362,342

 

 

 

 

1,661,446

 

 

 

1,613,935

 

Less: accumulated depreciation and amortization

 

 

(396,425

)

 

 

(373,948

)

 

 

$

1,265,021

 

 

$

1,239,987

 

Property and equipment, net:

 

 

 

 

 

 

 

 

Equipment and software (estimated useful life of 2-7 years)

 

$

899,685

 

 

$

864,140

 

CPE leased equipment (estimated useful life of 4-5 years)

 

 

310,506

 

 

 

298,746

 

Furniture and fixtures (estimated useful life of 7 years)

 

 

37,580

 

 

 

35,234

 

Leasehold improvements (estimated useful life of 2-17 years)

 

 

113,761

 

 

 

111,841

 

Building (estimated useful life of 24 years)

 

 

8,923

 

 

 

8,923

 

Land

 

 

15,322

 

 

 

15,322

 

Construction in progress

 

 

135,560

 

 

 

108,192

 

 

 

 

1,521,337

 

 

 

1,442,398

 

Less: accumulated depreciation

 

 

(749,130

)

 

 

(719,910

)

 

 

$

772,207

 

 

$

722,488

 

Other acquired intangible assets, net:

 

 

 

 

 

 

 

 

Technology (weighted average useful life of 6 years)

 

$

89,204

 

 

$

90,652

 

Contracts and customer relationships (weighted average useful life of 7 years)

 

 

103,449

 

 

 

103,808

 

Satellite co-location rights (weighted average useful life of 9 years)

 

 

8,600

 

 

 

8,600

 

Trade name (weighted average useful life of 3 years)

 

 

5,940

 

 

 

5,940

 

Other (weighted average useful life of 6 years)

 

 

10,040

 

 

 

10,137

 

 

 

 

217,233

 

 

 

219,137

 

Less: accumulated amortization

 

 

(188,675

)

 

 

(187,275

)

 

 

$

28,558

 

 

$

31,862

 

Other assets:

 

 

 

 

 

 

 

 

Investment in unconsolidated affiliate

 

$

169,454

 

 

$

163,835

 

Deferred income taxes

 

 

242,894

 

 

 

222,274

 

Capitalized software costs, net

 

 

246,788

 

 

 

246,792

 

Patents, orbital slots and other licenses, net

 

 

17,000

 

 

 

16,100

 

Other

 

 

66,022

 

 

 

37,133

 

 

 

$

742,158

 

 

$

686,134

 

Accrued liabilities:

 

 

 

 

 

 

 

 

Collections in excess of revenues and deferred revenues

 

$

115,579

 

 

$

121,439

 

Accrued employee compensation

 

 

27,133

 

 

 

46,106

 

Accrued vacation

 

 

40,710

 

 

 

39,022

 

Warranty reserve, current portion

 

 

4,935

 

 

 

5,357

 

Other

 

 

63,955

 

 

 

51,752

 

 

 

$

252,312

 

 

$

263,676

 

Other liabilities:

 

 

 

 

 

 

 

 

Deferred revenues, long-term portion

 

$

81,573

 

 

$

77,831

 

Deferred rent, long-term portion

 

 

14,391

 

 

 

13,769

 

Warranty reserve, long-term portion

 

 

1,540

 

 

 

1,557

 

Satellite performance incentive obligations, long-term portion

 

 

25,670

 

 

 

18,181

 

Other

 

 

9,086

 

 

 

9,902

 

 

 

$

132,260

 

 

$

121,240