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Composition of Certain Balance Sheet Captions
6 Months Ended
Sep. 30, 2018
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Composition of Certain Balance Sheet Captions

Note 2 — Composition of Certain Balance Sheet Captions

 

 

 

As of

September 30,

2018

 

 

As of

March 31,

2018

 

 

 

(In thousands)

 

Accounts receivable, net:

 

 

 

 

 

 

 

 

Billed

 

$

188,915

 

 

$

184,536

 

Unbilled

 

 

81,592

 

 

 

85,156

 

Allowance for doubtful accounts

 

 

(1,704

)

 

 

(2,027

)

 

 

$

268,803

 

 

$

267,665

 

Inventories:

 

 

 

 

 

 

 

 

Raw materials

 

$

74,995

 

 

$

62,252

 

Work in process

 

 

51,704

 

 

 

47,465

 

Finished goods

 

 

105,379

 

 

 

86,590

 

 

 

$

232,078

 

 

$

196,307

 

Prepaid expenses and other current assets:

 

 

 

 

 

 

 

 

Prepaid expenses

 

$

80,984

 

 

$

68,516

 

Insurance receivable

 

 

133,020

 

 

 

 

Other

 

 

19,254

 

 

 

8,619

 

 

 

$

233,258

 

 

$

77,135

 

Satellites, net:

 

 

 

 

 

 

 

 

Satellites (estimated useful life of 10-17 years)

 

$

978,098

 

 

$

1,152,503

 

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

 

 

99,090

 

 

 

99,090

 

Satellites under construction

 

 

459,222

 

 

 

362,342

 

 

 

 

1,536,410

 

 

 

1,613,935

 

Less: accumulated depreciation and amortization

 

 

(412,336

)

 

 

(373,948

)

 

 

$

1,124,074

 

 

$

1,239,987

 

Property and equipment, net:

 

 

 

 

 

 

 

 

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

 

$

939,026

 

 

$

864,140

 

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

 

 

341,308

 

 

 

298,746

 

Furniture and fixtures (estimated useful life of 7 years)

 

 

39,952

 

 

 

35,234

 

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

 

 

115,300

 

 

 

111,841

 

Building (estimated useful life of 24 years)

 

 

8,923

 

 

 

8,923

 

Land

 

 

2,291

 

 

 

15,322

 

Construction in progress

 

 

158,173

 

 

 

108,192

 

 

 

 

1,604,973

 

 

 

1,442,398

 

Less: accumulated depreciation

 

 

(778,674

)

 

 

(719,910

)

 

 

$

826,299

 

 

$

722,488

 

Other acquired intangible assets, net:

 

 

 

 

 

 

 

 

Technology (weighted average useful life of 6 years)

 

$

89,094

 

 

$

90,652

 

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

 

 

103,421

 

 

 

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)

 

 

10,035

 

 

 

10,137

 

 

 

 

217,090

 

 

 

219,137

 

Less: accumulated amortization

 

 

(191,018

)

 

 

(187,275

)

 

 

$

26,072

 

 

$

31,862

 

Other assets:

 

 

 

 

 

 

 

 

Investment in unconsolidated affiliate

 

$

160,559

 

 

$

163,835

 

Deferred income taxes

 

 

255,292

 

 

 

222,274

 

Capitalized software costs, net

 

 

244,729

 

 

 

246,792

 

Patents, orbital slots and other licenses, net

 

 

16,800

 

 

 

16,100

 

Other

 

 

67,360

 

 

 

37,133

 

 

 

$

744,740

 

 

$

686,134

 

Accrued liabilities:

 

 

 

 

 

 

 

 

Collections in excess of revenues and deferred revenues

 

$

108,977

 

 

$

121,439

 

Accrued employee compensation

 

 

28,614

 

 

 

46,106

 

Accrued vacation

 

 

40,032

 

 

 

39,022

 

Warranty reserve, current portion

 

 

5,196

 

 

 

5,357

 

Other

 

 

67,588

 

 

 

51,752

 

 

 

$

250,407

 

 

$

263,676

 

Other liabilities:

 

 

 

 

 

 

 

 

Deferred revenues, long-term portion

 

$

81,740

 

 

$

77,831

 

Deferred rent, long-term portion

 

 

15,378

 

 

 

13,769

 

Warranty reserve, long-term portion

 

 

1,712

 

 

 

1,557

 

Satellite performance incentive obligations, long-term portion

 

 

25,465

 

 

 

18,181

 

Other

 

 

5,971

 

 

 

9,902

 

 

 

$

130,266

 

 

$

121,240