Basis of Presentation (Tables)

6 Months Ended

Sep. 30, 2018

Summary of Disaggregation of Revenue by Segment and Product and Services

The following sets forth disaggregated reported revenue by segment and product and services for the three and six months ended September 30, 2018:

	Three Months Ended September 30, 2018
	Satellite Services		Commercial Networks		Government Systems		Total Revenues
	(In thousands)
Product revenues	$	—	$	104,190	$	176,245	$	280,435
Service revenues		162,962		10,330		63,747		237,039
Total revenues	$	162,962	$	114,520	$	239,992	$	517,474
	Six Months Ended September 30, 2018
	Satellite Services		Commercial Networks		Government Systems		Total Revenues
	(In thousands)
Product revenues	$	—	$	189,323	$	309,241	$	498,564
Service revenues		316,523		20,263		120,993		457,779
Total revenues	$	316,523	$	209,586	$	430,234	$	956,343

Revenue by Geographic Area

Revenues by geographic area for the three and six months ended September 30, 2018 were as follows:

	Three Months Ended		Six Months Ended
	September 30, 2018		September 30, 2018
	(In thousands)
U.S. customers	$	470,220	$	848,392
Non U.S. customers		47,254		107,951
Total revenues	$	517,474	$	956,343

Summary of Contract Assets and Liabilities

The following table presents contract assets and liabilities as of September 30, 2018 and April 1, 2018:

	As of September 30, 2018		As of April 1, 2018
	(In thousands)
Unbilled accounts receivable	$	81,592	$	79,492
Collections in excess of revenues and deferred revenues		108,977		127,355
Deferred revenues, long-term portion		81,740		77,831

Schedule of Reconciliation of Cash and Cash Equivalents and Restricted Cash

In accordance with the authoritative guidance for the statement of cash flows (ASU 230), the following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the condensed consolidated balance sheets that total to the amounts shown in the condensed consolidated statements of cash flows.

	As of September 30, 2018		As of March 31, 2018
	(in thousands)
Cash and cash equivalents	$	44,458	$	71,446
Restricted cash		7,169		—
Total cash and cash equivalents and restricted cash shown in the consolidated statements of cash flows	$	51,627	$	71,446

ASC 606 [Member]

Summary of Impact of Adopting New Standards on Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) and Balance Sheets

The following table presents the summary of the impact of adopting the new standards:

	As of March 31, 2018		Adjustments Due to ASC 606			As of April 1, 2018
	(In thousands)
Condensed Consolidated Balance Sheets:
Accounts receivable, net	$	267,665	$	(5,664	)	$	262,001
Inventories		196,307		1,623			197,930
Prepaid expenses and other current assets		77,135		18,098			95,233
Other assets		686,134		17,738			703,872
Accrued liabilities		263,676		5,916			269,592
Retained earnings		285,960		25,879			311,839

The Company adopted ASC 606 as of April 1, 2018 using the “modified retrospective method” under which the Company is required to provide additional disclosures comparing results to previous accounting standards. Accordingly, the following table presents the Company’s reported results under ASC 606 and the Company’s pro forma results using the historical accounting method under ASC 605 for the three and six months ended September 30, 2018 and as of September 30, 2018:

	Three Months Ended September 30, 2018
	As Reported			Impact of ASC 606			Historical Accounting Method
	(In thousands, except per share data)
Condensed Consolidated Statements of Operations    and Comprehensive Income (Loss):
Product revenues	$	280,435		$	(4,779	)	$	275,656
Service revenues		237,039			(511	)		236,528
Total revenues		517,474			(5,290	)		512,184
Cost of product revenues		216,900			(3,396	)		213,504
Cost of service revenues		175,230			52			175,282
Selling, general and administrative		113,120			3,871			116,991
Independent research and development		31,360			1,500			32,860
Loss from operations		(21,571	)		(7,317	)		(28,888	)
Interest expense		(14,074	)		1,011			(13,063	)
Loss before income taxes		(35,616	)		(6,306	)		(41,922	)
Benefit from income taxes		9,704			1,940			11,644
Net loss		(25,598	)		(4,366	)		(29,964	)
Net loss attributable to Viasat, Inc.		(25,724	)		(4,366	)		(30,090	)
Basic net loss per share attributable to Viasat, Inc.    common stockholders	$	(0.43	)	$	(0.07	)	$	(0.50	)
Diluted net loss per share attributable to Viasat, Inc.    common stockholders	$	(0.43	)	$	(0.07	)	$	(0.50	)

	Six Months Ended September 30, 2018
	As Reported			Impact of ASC 606			Historical Accounting Method
	(In thousands, except per share data)
Condensed Consolidated Statements of Operations    and Comprehensive Income (Loss):
Product revenues	$	498,564		$	(4,200	)	$	494,364
Service revenues		457,779			(1,577	)		456,202
Total revenues		956,343			(5,777	)		950,566
Cost of product revenues		390,348			(3,147	)		387,201
Cost of service revenues		346,662			(70	)		346,592
Selling, general and administrative		225,762			6,210			231,972
Independent research and development		64,733			4,245			68,978
Loss from operations		(76,050	)		(13,015	)		(89,065	)
Interest expense		(25,398	)		2,003			(23,395	)
Loss before income taxes		(101,383	)		(11,012	)		(112,395	)
Benefit from income taxes		38,909			1,755			40,664
Net loss		(61,095	)		(9,257	)		(70,352	)
Net loss attributable to Viasat, Inc.		(59,734	)		(9,257	)		(68,991	)
Basic net loss per share attributable to Viasat, Inc.    common stockholders	$	(1.00	)	$	(0.16	)	$	(1.16	)
Diluted net loss per share attributable to Viasat, Inc.    common stockholders	$	(1.00	)	$	(0.16	)	$	(1.16	)

	As of September 30, 2018
	As Reported		Impact of ASC 606			Historical Accounting Method
	(In thousands)
Condensed Consolidated Balance Sheets:
Accounts receivable, net	$	268,803	$	2,322		$	271,125
Inventories		232,078		(2,125	)		229,953
Prepaid expenses and other current assets		233,258		(16,952	)		216,306
Other assets		744,740		(23,865	)		720,875
Accrued liabilities		250,407		(5,483	)		244,924
Retained earnings		252,107		(35,136	)		216,971