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Segment Information (Tables)
3 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Segment Revenues and Operating Profits (Losses)

Segment revenues and operating profits (losses) for the three months ended June 30, 2018 and 2017 were as follows:

 

 

 

Three Months Ended

 

 

 

June 30, 2018

 

 

June 30, 2017

 

 

 

(In thousands)

 

Revenues:

 

 

 

 

 

 

 

 

Satellite services

 

 

 

 

 

 

 

 

Product

 

$

 

 

$

217

 

Service

 

 

153,561

 

 

 

151,997

 

Total

 

 

153,561

 

 

 

152,214

 

Commercial networks

 

 

 

 

 

 

 

 

Product

 

 

85,133

 

 

 

36,483

 

Service

 

 

9,933

 

 

 

8,765

 

Total

 

 

95,066

 

 

 

45,248

 

Government systems

 

 

 

 

 

 

 

 

Product

 

 

132,996

 

 

 

129,418

 

Service

 

 

57,246

 

 

 

53,164

 

Total

 

 

190,242

 

 

 

182,582

 

Elimination of intersegment revenues

 

 

 

 

 

 

Total revenues

 

$

438,869

 

 

$

380,044

 

 

 

 

 

 

 

 

 

 

Operating profits (losses):

 

 

 

 

 

 

 

 

Satellite services

 

$

(29,936

)

 

$

18,843

 

Commercial networks

 

 

(47,008

)

 

 

(66,125

)

Government systems

 

 

24,918

 

 

 

32,592

 

Elimination of intersegment operating profits

 

 

 

 

 

 

Segment operating loss before corporate and

   amortization of acquired intangible assets

 

 

(52,026

)

 

 

(14,690

)

Corporate

 

 

 

 

 

 

Amortization of acquired intangible assets

 

 

(2,453

)

 

 

(3,260

)

Loss from operations

 

$

(54,479

)

 

$

(17,950

)

 

Segment Assets

Segment assets as of June 30, 2018 and March 31, 2018 were as follows:

 

 

 

As of

June 30,

2018

 

 

As of

March 31,

2018

 

 

 

(In thousands)

 

Segment assets:

 

 

 

 

 

 

 

 

Satellite services

 

$

73,919

 

 

$

66,830

 

Commercial networks

 

 

214,942

 

 

 

211,447

 

Government systems

 

 

318,600

 

 

 

337,451

 

Total segment assets

 

 

607,461

 

 

 

615,728

 

Corporate assets

 

 

2,936,807

 

 

 

2,798,381

 

Total assets

 

$

3,544,268

 

 

$

3,414,109

 

 

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, 2018 and March 31, 2018 were as follows:

 

 

 

Other Acquired Intangible

Assets, Net

 

 

Goodwill

 

 

 

As of

June 30, 2018

 

 

As of

March 31, 2018

 

 

As of

June 30, 2018

 

 

As of

March 31, 2018

 

 

 

(In thousands)

 

Satellite services

 

$

14,449

 

 

$

16,580

 

 

$

13,763

 

 

$

13,991

 

Commercial networks

 

 

2,955

 

 

 

3,340

 

 

 

43,937

 

 

 

44,011

 

Government systems

 

 

11,154

 

 

 

11,942

 

 

 

64,755

 

 

 

63,083

 

Total

 

$

28,558

 

 

$

31,862

 

 

$

122,455

 

 

$

121,085

 

 

Amortization of acquired intangible assets by segment for the three months ended June 30, 2018 and 2017 was as follows:

 

 

 

Three Months Ended

 

 

 

June 30, 2018

 

 

June 30, 2017

 

 

 

(In thousands)

 

Satellite services

 

$

1,305

 

 

$

2,093

 

Commercial networks

 

 

385

 

 

 

407

 

Government systems

 

 

763

 

 

 

760

 

Total amortization of acquired intangible assets

 

$

2,453

 

 

$

3,260