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Subsequent Event
12 Months Ended
Mar. 31, 2021
Subsequent Events [Abstract]  
Subsequent Event

Note 16 — Subsequent Events

On April 30, 2021, subsequent to fiscal year end, the Company purchased the remaining 51% interest in Euro Infrastructure Co. from Eutelsat for approximately €142.6 million, or approximately $172.7 million (subject to customary post-closing net working capital and net debt adjustments). The purchase price was funded with available cash, resulting in a cash outlay of approximately €41.6 million, or $50.4 million, after consideration of approximately €101.0 million, or $122.3 million, of Euro Infrastructure Co.’s cash on hand.

On April 30, 2021, subsequent to fiscal year end, the Company acquired RigNet, Inc. (RigNet) in exchange for the issuance of approximately 4.0 million shares of the Company’s common stock and a de minimis amount of cash in respect of fractional shares. RigNet is a leading provider of ultra-secure, intelligent networking solutions and specialized applications.

Given the timing of the closing of these acquisitions, the Company is currently in the process of valuing the assets acquired and liabilities assumed in each of the business combinations. As a result, the Company is not yet able to provide the amounts to be recognized for the major classes of assets acquired and liabilities assumed and other disclosures required by ASC 805, Business Combinations.