Segment Information

12 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Segment Information

Note 15 — Segment Information

The Company’s reporting segments, comprised of the satellite services, commercial networks and government systems segments, are primarily distinguished by the type of customer and the related contractual requirements. The Company’s satellite services segment provides satellite-based broadband and related services to residential customers, Community Internet hotspot users, enterprises, commercial airlines and other mobile broadband customers. The Company’s commercial networks segment develops and offers advanced satellite and wireless broadband platforms, ground networking equipment, radio frequency and advanced microwave solutions, Application-Specific Integrated Circuit chip design, satellite payload development and space-to-earth connectivity systems, some of which are ultimately used by the Company’s satellite services segment. The Company’s government systems segment provides global mobile

broadband services to military and government users and develops and offers network-centric, internet protocol-based fixed and mobile secure communications products and solutions. The more regulated government environment is subject to unique contractual requirements and possesses economic characteristics which differ from the satellite services and commercial networks segments. The Company’s segments are determined consistent with the way management currently organizes and evaluates financial information internally for making operating decisions and assessing performance.

Segment revenues and operating profits (losses) for the fiscal years ended March 31, 2021, 2020 and 2019 were as follows:

	Fiscal Years Ended
	March 31, 2021			March 31, 2020			March 31, 2019
	(In thousands)
Revenues:
Satellite services
Product	$	—		$	—		$	—
Service		868,943			826,583			684,205
Total		868,943			826,583			684,205
Commercial networks
Product		268,830			289,959			383,547
Service		52,026			54,598			44,857
Total		320,856			344,557			428,404
Government systems
Product		775,620			882,582			709,144
Service		290,688			255,516			246,505
Total		1,066,308			1,138,098			955,649
Elimination of intersegment revenues		—			—			—
Total revenues	$	2,256,107		$	2,309,238		$	2,068,258
Operating profits (losses):
Satellite services	$	35,853		$	7,015		$	(64,321	)
Commercial networks		(180,749	)		(186,877	)		(166,613	)
Government systems		208,611			225,894			179,969
Elimination of intersegment operating profits		—			—			—
Segment operating profit (loss) before corporate and    amortization of acquired intangible assets		63,715			46,032			(50,965	)
Corporate		—			—			—
Amortization of acquired intangible assets		(5,482	)		(7,611	)		(9,655	)
Income (loss) from operations	$	58,233		$	38,421		$	(60,620	)

Assets identifiable to segments include: accounts receivable, unbilled accounts receivable, inventory, acquired intangible assets and goodwill. The Company’s property and equipment, including its satellites, earth stations and other networking equipment, are assigned to corporate assets as they are available for use by the various segments throughout their estimated useful lives. Segment assets as of March 31, 2021 and 2020 were as follows:

	As of March 31, 2021		As of March 31, 2020
	(In thousands)
Segment assets:
Satellite services	$	64,048	$	86,252
Commercial networks		168,334		188,269
Government systems		470,389		484,237
Total segment assets		702,771		758,758
Corporate assets		4,646,696		4,125,110
Total assets	$	5,349,467	$	4,883,868

Other acquired intangible assets, net and goodwill included in segment assets as of March 31, 2021 and 2020 were as follows:

	Other Acquired Intangible Assets, Net				Goodwill
	As of March 31, 2021		As of March 31, 2020		As of March 31, 2021		As of March 31, 2020
	(In thousands)
Satellite services	$	5,738	$	7,368	$	13,814	$	13,489
Commercial networks		—		257		44,044		43,981
Government systems		3,830		6,814		64,442		63,727
Total	$	9,568	$	14,439	$	122,300	$	121,197

Amortization of acquired intangible assets by segment for the fiscal years ended March 31, 2021, 2020 and 2019 was as follows:

	Fiscal Years Ended
	March 31, 2021		March 31, 2020		March 31, 2019
	(In thousands)
Satellite services	$	2,164	$	2,897	$	4,857
Commercial networks		257		1,539		1,542
Government systems		3,061		3,175		3,256
Total amortization of acquired intangible assets	$	5,482	$	7,611	$	9,655

Revenue information by geographic area for the fiscal years ended March 31, 2021, 2020 and 2019 was as follows:

	Fiscal Years Ended
	March 31, 2021		March 31, 2020		March 31, 2019
	(In thousands)
U.S. customers	$	2,063,832	$	2,057,458	$	1,836,304
Non U.S. customers (each country individually    insignificant)		192,275		251,780		231,954
Total revenues	$	2,256,107	$	2,309,238	$	2,068,258

The Company distinguishes revenues from external customers by geographic area based on customer location.

The net book value of long-lived assets located outside the United States was $74.6 million at March 31, 2021 and $64.7 million at March 31, 2020.