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The Company and a Summary of Its Significant Accounting Policies (Tables)
12 Months Ended
Mar. 31, 2020
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 fiscal years ended March 31, 2020 and 2019:

 

 

 

Fiscal Year Ended March 31, 2020

 

 

 

Satellite

Services

 

 

Commercial

Networks

 

 

Government

Systems

 

 

Total Revenues

 

 

 

(In thousands)

 

Product revenues

 

$

 

 

$

289,959

 

 

$

882,582

 

 

$

1,172,541

 

Service revenues

 

 

826,583

 

 

 

54,598

 

 

 

255,516

 

 

 

1,136,697

 

Total revenues

 

$

826,583

 

 

$

344,557

 

 

$

1,138,098

 

 

$

2,309,238

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year Ended March 31, 2019

 

 

 

Satellite

Services

 

 

Commercial

Networks

 

 

Government

Systems

 

 

Total Revenues

 

 

 

(In thousands)

 

Product revenues

 

$

 

 

$

383,547

 

 

$

709,144

 

 

$

1,092,691

 

Service revenues

 

 

684,205

 

 

 

44,857

 

 

 

246,505

 

 

 

975,567

 

Total revenues

 

$

684,205

 

 

$

428,404

 

 

$

955,649

 

 

$

2,068,258

 

Summary of Contract Assets and Liabilities

The following table presents contract assets and liabilities as of March 31, 2020 and March 31, 2019:

 

 

 

As of

March 31,

2020

 

 

As of

March 31,

2019

 

 

 

(In thousands)

 

Unbilled accounts receivable

 

$

75,661

 

 

$

83,743

 

Collections in excess of revenues and deferred revenues

 

 

123,019

 

 

 

125,540

 

Deferred revenues, long-term portion

 

 

80,802

 

 

 

71,230

 

Impact of ASC 842 [Member]  
Summary of Impact of Adopting New Standard on Consolidated Balance Sheets

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

 

 

 

As of

March 31, 2019

 

 

Impact of

ASC 842

 

 

As of

April 1, 2019

 

 

 

(In thousands)

 

Consolidated Balance Sheets:

 

 

 

 

 

 

 

 

 

 

 

 

Prepaid expenses and other current assets

 

$

90,646

 

 

$

(467

)

 

$

90,179

 

Operating lease right-of-use assets

 

 

 

 

 

327,329

 

 

 

327,329

 

Total assets

 

 

3,915,287

 

 

 

326,862

 

 

 

4,242,149

 

Accrued and other liabilities

 

 

308,268

 

 

 

38,406

 

 

 

346,674

 

Non-current operating lease liabilities

 

 

 

 

 

305,167

 

 

 

305,167

 

Other liabilities

 

 

120,826

 

 

 

(16,711

)

 

 

104,115

 

Total liabilities

 

 

1,999,209

 

 

 

326,862

 

 

 

2,326,071

 

Total liabilities and equity

 

 

3,915,287

 

 

 

326,862

 

 

 

4,242,149