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Segment Information (Tables)
3 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Segment Revenues and Operating Profits (Losses)

Segment revenues and operating profits (losses) for the three months ended June 30, 2019 and 2018 were as follows:

 

 

 

Three Months Ended

 

 

 

June 30, 2019

 

 

June 30, 2018

 

 

 

(In thousands)

 

Revenues:

 

 

 

 

 

 

 

 

Satellite services

 

 

 

 

 

 

 

 

Product

 

$

 

 

$

 

Service

 

 

196,815

 

 

 

153,561

 

Total

 

 

196,815

 

 

 

153,561

 

Commercial networks

 

 

 

 

 

 

 

 

Product

 

 

64,901

 

 

 

85,133

 

Service

 

 

14,111

 

 

 

9,933

 

Total

 

 

79,012

 

 

 

95,066

 

Government systems

 

 

 

 

 

 

 

 

Product

 

 

198,714

 

 

 

132,996

 

Service

 

 

62,496

 

 

 

57,246

 

Total

 

 

261,210

 

 

 

190,242

 

Elimination of intersegment revenues

 

 

 

 

 

 

Total revenues

 

$

537,037

 

 

$

438,869

 

 

 

 

 

 

 

 

 

 

Operating profits (losses):

 

 

 

 

 

 

 

 

Satellite services

 

$

(2,070

)

 

$

(29,936

)

Commercial networks

 

 

(49,861

)

 

 

(47,008

)

Government systems

 

 

45,903

 

 

 

24,918

 

Elimination of intersegment operating profits

 

 

 

 

 

 

Segment operating loss before corporate and

   amortization of acquired intangible assets

 

 

(6,028

)

 

 

(52,026

)

Corporate

 

 

 

 

 

 

Amortization of acquired intangible assets

 

 

(2,037

)

 

 

(2,453

)

Loss from operations

 

$

(8,065

)

 

$

(54,479

)

Segment Assets Segment assets as of June 30, 2019 and March 31, 2019 were as follows:

 

 

 

As of

June 30,

2019

 

 

As of

March 31,

2019

 

 

 

(In thousands)

 

Segment assets:

 

 

 

 

 

 

 

 

Satellite services

 

$

78,854

 

 

$

85,907

 

Commercial networks

 

 

189,615

 

 

 

183,200

 

Government systems

 

 

439,739

 

 

 

408,422

 

Total segment assets

 

 

708,208

 

 

 

677,529

 

Corporate assets

 

 

3,554,078

 

 

 

3,237,758

 

Total assets

 

$

4,262,286

 

 

$

3,915,287

 

 

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, 2019 and March 31, 2019 were as follows:

 

 

 

Other Acquired Intangible

Assets, Net

 

 

Goodwill

 

 

 

As of

June 30, 2019

 

 

As of

March 31, 2019

 

 

As of

June 30, 2019

 

 

As of

March 31, 2019

 

 

 

(In thousands)

 

Satellite services

 

$

9,721

 

 

$

10,453

 

 

$

13,667

 

 

$

13,617

 

Commercial networks

 

 

1,413

 

 

 

1,798

 

 

 

43,973

 

 

 

43,933

 

Government systems

 

 

9,220

 

 

 

10,050

 

 

 

63,975

 

 

 

64,169

 

Total

 

$

20,354

 

 

$

22,301

 

 

$

121,615

 

 

$

121,719

 

 

Amortization of acquired intangible assets by segment for the three months ended June 30, 2019 and 2018 was as follows:

 

 

 

Three Months Ended

 

 

 

June 30, 2019

 

 

June 30, 2018

 

 

 

(In thousands)

 

Satellite services

 

$

855

 

 

$

1,305

 

Commercial networks

 

 

386

 

 

 

385

 

Government systems

 

 

796

 

 

 

763

 

Total amortization of acquired intangible assets

 

$

2,037

 

 

$

2,453