Basis of Presentation (Tables)

9 Months Ended

Dec. 31, 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 nine months ended December 31, 2018:

	Three Months Ended December 31, 2018
	Satellite Services		Commercial Networks		Government Systems		Total Revenues
	(In thousands)
Product revenues	$	—	$	115,409	$	186,456	$	301,865
Service revenues		177,651		11,568		63,610		252,829
Total revenues	$	177,651	$	126,977	$	250,066	$	554,694
	Nine Months Ended December 31, 2018
	Satellite Services		Commercial Networks		Government Systems		Total Revenues
	(In thousands)
Product revenues	$	—	$	304,732	$	495,697	$	800,429
Service revenues		494,174		31,831		184,603		710,608
Total revenues	$	494,174	$	336,563	$	680,300	$	1,511,037

Revenue by Geographic Area

Revenues by geographic area for the three and nine months ended December 31, 2018 were as follows:

	Three Months Ended		Nine Months Ended
	December 31, 2018		December 31, 2018
	(In thousands)
U.S. customers	$	492,681	$	1,341,073
Non U.S. customers		62,013		169,964
Total revenues	$	554,694	$	1,511,037

Summary of Contract Assets and Liabilities

The following table presents contract assets and liabilities as of December 31, 2018 and April 1, 2018:

	As of December 31, 2018		As of April 1, 2018
	(In thousands)
Unbilled accounts receivable	$	87,085	$	79,492
Collections in excess of revenues and deferred revenues		127,286		127,355
Deferred revenues, long-term portion		81,877		77,831

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		19,107			705,241
Accrued liabilities		263,676		5,916			269,592
Retained earnings		285,960		27,248			313,208

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 nine months ended December 31, 2018 and as of December 31, 2018:

	Three Months Ended December 31, 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	$	301,865		$	(789	)	$	301,076
Service revenues		252,829			(771	)		252,058
Total revenues		554,694			(1,560	)		553,134
Cost of product revenues		226,020			(522	)		225,498
Cost of service revenues		176,686			(47	)		176,639
Selling, general and administrative		114,566			1,038			115,604
Independent research and development		28,928			1,658			30,586
Income from operations		6,007			(3,687	)		2,320
Interest expense		(14,896	)		1,084			(13,812	)
Loss before income taxes		(8,858	)		(2,603	)		(11,461	)
Provision for income taxes		(3,230	)		1,970			(1,260	)
Net loss		(10,737	)		(633	)		(11,370	)
Net loss attributable to Viasat, Inc.		(10,404	)		(633	)		(11,037	)
Basic net loss per share attributable to Viasat, Inc.    common stockholders	$	(0.17	)	$	(0.01	)	$	(0.18	)
Diluted net loss per share attributable to Viasat, Inc.    common stockholders	$	(0.17	)	$	(0.01	)	$	(0.18	)

	Nine Months Ended December 31, 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	$	800,429		$	(4,990	)	$	795,439
Service revenues		710,608			(2,348	)		708,260
Total revenues		1,511,037			(7,338	)		1,503,699
Cost of product revenues		616,368			(3,669	)		612,699
Cost of service revenues		523,348			(117	)		523,231
Selling, general and administrative		340,328			7,247			347,575
Independent research and development		93,661			5,903			99,564
Loss from operations		(70,043	)		(16,702	)		(86,745	)
Interest expense		(40,294	)		3,087			(37,207	)
Loss before income taxes		(110,241	)		(13,614	)		(123,855	)
Benefit from income taxes		35,679			3,725			39,404
Net loss		(71,832	)		(9,890	)		(81,722	)
Net loss attributable to Viasat, Inc.		(70,138	)		(9,890	)		(80,028	)
Basic net loss per share attributable to Viasat, Inc.    common stockholders	$	(1.17	)	$	(0.17	)	$	(1.34	)
Diluted net loss per share attributable to Viasat, Inc.    common stockholders	$	(1.17	)	$	(0.17	)	$	(1.34	)

	As of December 31, 2018
	As Reported		Impact of ASC 606			Historical Accounting Method
	(In thousands)
Condensed Consolidated Balance Sheets:
Accounts receivable, net	$	295,325	$	2,047		$	297,372
Inventories		230,122		(1,744	)		228,378
Prepaid expenses and other current assets		115,844		(17,620	)		98,224
Other assets		744,851		(25,104	)		719,747
Accrued liabilities		292,260		(5,282	)		286,978
Retained earnings		243,070		(37,138	)		205,932