Segment Information

6 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Segment Information

Note 11 — 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 three and six months ended September 30, 2021 and 2020 were as follows:

	Three Months Ended						Six Months Ended
	September 30, 2021			September 30, 2020			September 30, 2021			September 30, 2020
	(In thousands)
Revenues:
Satellite services
Product	$	—		$	—		$	—		$	—
Service		300,110			215,887			574,227			417,871
Total		300,110			215,887			574,227			417,871
Commercial networks
Product		118,935			66,751			220,466			121,870
Service		15,871			12,109			32,936			24,152
Total		134,806			78,860			253,402			146,022
Government systems
Product		189,731			189,229			381,464			384,744
Service		76,707			70,302			157,121			136,129
Total		266,438			259,531			538,585			520,873
Elimination of intersegment revenues	—			—				—		—
Total revenues	$	701,354		$	554,278		$	1,366,214		$	1,084,766
Operating profits (losses):
Satellite services	$	17,046		$	11,483		$	29,559		$	9,626
Commercial networks		(45,321	)		(45,363	)		(83,029	)		(96,757	)
Government systems		43,972			47,863			91,388			97,358
Elimination of intersegment operating    profits		—		—				—		—
Segment operating profit before corporate    and amortization of acquired intangible    assets		15,697			13,983			37,918			10,227
Corporate		—		—				—		—
Amortization of acquired intangible    assets		(7,399	)		(1,300	)		(13,328	)		(2,858	)
Income from operations	$	8,298		$	12,683		$	24,590		$	7,369

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 September 30, 2021 and March 31, 2021 were as follows:

	As of September 30, 2021		As of March 31, 2021
	(In thousands)
Segment assets:
Satellite services	$	451,194	$	64,048
Commercial networks		231,186		168,334
Government systems		468,263		470,389
Total segment assets		1,150,643		702,771
Corporate assets		4,842,217		4,646,696
Total assets	$	5,992,860	$	5,349,467

Other acquired intangible assets, net and goodwill included in segment assets as of September 30, 2021 and March 31, 2021 were as follows:

	Other Acquired Intangible Assets, Net				Goodwill
	As of September 30, 2021		As of March 31, 2021		As of September 30, 2021		As of March 31, 2021
	(In thousands)
Satellite services	$	240,419	$	5,738	$	82,764	$	13,814
Commercial networks		—		—		44,067		44,044
Government systems		2,912		3,830		64,294		64,442
Total	$	243,331	$	9,568	$	191,125	$	122,300

Amortization of acquired intangible assets by segment for the three and six months ended September 30, 2021 and 2020 was as follows:

	Three Months Ended				Six Months Ended
	September 30, 2021		September 30, 2020		September 30, 2021		September 30, 2020
	(In thousands)
Satellite services	$	7,097	$	546	$	12,419	$	1,055
Commercial networks		—		—		—		257
Government systems		302		754		909		1,546
Total amortization of acquired    intangible assets	$	7,399	$	1,300	$	13,328	$	2,858

Revenues by geographic area for the three and six months ended September 30, 2021 and 2020 were as follows:

	Three Months Ended		Six Months Ended
	September 30, 2021		September 30, 2021
	(In thousands)
U.S. customers	$	598,291	$	1,165,777
Non-U.S. customers (each country individually insignificant)		103,063		200,437
Total revenues	$	701,354	$	1,366,214
	Three Months Ended		Six Months Ended
	September 30, 2020		September 30, 2020
	(In thousands)
U.S. customers	$	513,015	$	1,011,530
Non-U.S. customers (each country individually insignificant)		41,263		73,236
Total revenues	$	554,278	$	1,084,766

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