2014 Q2 Form 10-K Financial Statement

#000119312515199042 Filed on May 26, 2015

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q1 2013
Revenue $343.9M $308.7M $1.120B
YoY Change 7.1% 28.36% 29.65%
Cost Of Revenue $250.8M $232.3M $363.2M
YoY Change 136.84% 25.23% 55.75%
Gross Profit $93.20M $76.30M $756.5M
YoY Change -56.69% 38.48% 20.0%
Gross Profit Margin 27.1% 24.72% 67.56%
Selling, General & Admin $74.10M $68.10M $240.9M
YoY Change 14.39% 36.2% 32.54%
% of Gross Profit 79.51% 89.25% 31.84%
Research & Development $16.60M $11.70M $35.45M
YoY Change 17.82% 80.0% 41.84%
% of Gross Profit 17.81% 15.33% 4.69%
Depreciation & Amortization $49.40M $40.40M $134.1M
YoY Change 36.37% 11.6% 32.14%
% of Gross Profit 53.0% 52.95% 17.73%
Operating Expenses $94.30M $83.30M $276.3M
YoY Change 19.56% 36.78% 33.66%
Operating Profit -$1.100M -$7.000M -$20.36M
YoY Change -132.13% 20.69% -1028.08%
Interest Expense -$8.700M -$10.20M $43.99M
YoY Change -185.6% 30.77% 429.59%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$9.900M -$17.20M -$90.68M
YoY Change 47.37% 26.47% 1398.15%
Income Tax -$6.400M -$19.40M -$50.05M
% Of Pretax Income
Net Earnings -$3.500M $1.900M -$40.63M
YoY Change 135.37% -125.68% -634.73%
Net Earnings / Revenue -1.02% 0.62% -3.63%
Basic Earnings Per Share -$0.94
Diluted Earnings Per Share -$75.76K $42.51K -$0.94
COMMON SHARES
Basic Shares Outstanding 46.38M shares 44.55M shares 43.93M shares
Diluted Shares Outstanding 43.93M shares

Balance Sheet

Concept 2014 Q2 2013 Q1 2013
SHORT-TERM ASSETS
Cash & Short-Term Investments $58.30M $105.7M $105.7M
YoY Change -26.85% -38.76% -38.76%
Cash & Equivalents $58.35M $105.7M $105.7M
Short-Term Investments
Other Short-Term Assets $2.729M $6.562M $65.90M
YoY Change -25.36% 12.87% 28.71%
Inventory $119.6M $106.3M $106.3M
Prepaid Expenses $41.34M $34.26M
Receivables $271.9M $267.0M $267.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $531.6M $544.9M $544.9M
YoY Change 0.25% -3.25% -3.25%
LONG-TERM ASSETS
Property, Plant & Equipment $1.053B $378.7M $913.8M
YoY Change 9.81% 28.38% 3.76%
Goodwill $83.63M $83.00M
YoY Change 1.2% -0.55%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $257.0M $205.2M $133.6M
YoY Change 16.94% 50.04% 59.81%
Total Long-Term Assets $1.428B $1.249B $1.249B
YoY Change 9.3% 7.32% 7.32%
TOTAL ASSETS
Total Short-Term Assets $531.6M $544.9M $544.9M
Total Long-Term Assets $1.428B $1.249B $1.249B
Total Assets $1.960B $1.794B $1.794B
YoY Change 6.69% 3.87% 3.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $98.85M $83.01M $83.00M
YoY Change -18.51% 10.62% 10.67%
Accrued Expenses $176.0M $161.9M $95.80M
YoY Change 21.05% 1.34% 34.55%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.856M $2.200M $2.200M
YoY Change -2.32% 83.33% 83.33%
Total Short-Term Liabilities $274.8M $247.1M $247.1M
YoY Change 2.32% 4.71% 4.7%
LONG-TERM LIABILITIES
Long-Term Debt $689.8M $586.4M $586.4M
YoY Change 17.67% 6.89% 6.89%
Other Long-Term Liabilities $48.89M $52.64M $51.10M
YoY Change -6.96% 4.54% 8.03%
Total Long-Term Liabilities $738.7M $52.64M $637.5M
YoY Change 1305.67% 4.54% 6.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $274.8M $247.1M $247.1M
Total Long-Term Liabilities $738.7M $52.64M $637.5M
Total Liabilities $1.013B $886.2M $891.1M
YoY Change 11.7% 6.14% 6.18%
SHAREHOLDERS EQUITY
Retained Earnings $211.6M $221.0M
YoY Change -3.47% -15.7%
Common Stock $776.5M $715.1M
YoY Change 5.07% 10.07%
Preferred Stock
YoY Change
Treasury Stock (at cost) $49.36M $33.77M
YoY Change 44.99% 33.17%
Treasury Stock Shares
Shareholders Equity $941.0M $903.0M $903.0M
YoY Change
Total Liabilities & Shareholders Equity $1.960B $1.794B $1.794B
YoY Change 6.69% 3.87% 3.87%

Cashflow Statement

Concept 2014 Q2 2013 Q1 2013
OPERATING ACTIVITIES
Net Income -$3.500M $1.900M -$40.63M
YoY Change 135.37% -125.68% -634.73%
Depreciation, Depletion And Amortization $49.40M $40.40M $134.1M
YoY Change 36.37% 11.6% 32.14%
Cash From Operating Activities $70.20M $42.70M $91.80M
YoY Change 30.48% -44.11% -35.08%
INVESTING ACTIVITIES
Capital Expenditures -$74.00M -$62.50M $176.3M
YoY Change -201.33% 18.6% -13.99%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$74.00M -$62.50M -$201.6M
YoY Change -15.14% 18.6% -11.99%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 20.60M 12.90M 42.95M
YoY Change 177.18% -87.5% -80.46%
NET CHANGE
Cash From Operating Activities 70.20M 42.70M 91.80M
Cash From Investing Activities -74.00M -62.50M -201.6M
Cash From Financing Activities 20.60M 12.90M 42.95M
Net Change In Cash 16.80M -6.900M -158.6M
YoY Change -121.06% -105.44% 1619.61%
FREE CASH FLOW
Cash From Operating Activities $70.20M $42.70M $91.80M
Capital Expenditures -$74.00M -$62.50M $176.3M
Free Cash Flow $144.2M $105.2M -$84.50M
YoY Change -849.87% -18.51% 32.91%

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CY2015Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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5841000
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12739000
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CY2015Q2 us-gaap Inventory Finished Goods Net Of Reserves
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CY2015Q2 us-gaap Capitalized Computer Software Net
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119936000
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3500000
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223642000
CY2015Q2 us-gaap Assets
Assets
2158378000
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132500000
CY2015Q2 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
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CY2015Q2 us-gaap Deferred Tax Assets Net
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CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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CY2015Q2 us-gaap Other Assets Current
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15100000
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6487000
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CY2015Q2 vsat Unrealized Excess Tax Benefits On Share Based Compensation
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CY2015Q2 vsat Estimated Number Of Shares To Be Issued To Settle Certain Accrued Employee Compensation Liabilities
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192892 shares
CY2015Q2 vsat Long Term Debt Maturities Repayments Of Principal
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806298000
CY2015Q2 vsat Finite Lived Patents And Other Licenses Accumulated Amortization
FiniteLivedPatentsAndOtherLicensesAccumulatedAmortization
1400000
CY2015Q2 vsat Deferred Tax Liabilities Property Equipment Satellites And Intangible Assets
DeferredTaxLiabilitiesPropertyEquipmentSatellitesAndIntangibleAssets
260582000
CY2015Q2 vsat Finite Lived Patents And Other Licenses Net
FiniteLivedPatentsAndOtherLicensesNet
16900000
CY2014Q3 us-gaap Litigation Settlement Amount
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108712000
CY2013 us-gaap Earnings Per Share Diluted
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-0.94
CY2013 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2013 us-gaap Fiscal Period Duration
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P364D
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43931000 shares
CY2013 us-gaap Earnings Per Share Basic
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CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
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43931000 shares
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
16000
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-909000
CY2013 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
931000
CY2013 us-gaap Sales Revenue Goods Net
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OtherComprehensiveIncomeLossNetOfTax
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CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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10213000
CY2013 us-gaap Stock Issued During Period Value Employee Benefit Plan
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7060000
CY2013 us-gaap Sales Revenue Net
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1119690000
CY2013 us-gaap Profit Loss
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CY2013 us-gaap Increase Decrease In Other Operating Assets
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15471000
CY2013 us-gaap Increase Decrease In Inventories
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-21233000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-90683000
CY2013 us-gaap Gain Loss On Sale Of Property Plant Equipment
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-12109000
CY2013 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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5086000
CY2013 us-gaap Stock Issued During Period Value Stock Options Exercised
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25915000
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
-20362000
CY2013 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-42005000
CY2013 us-gaap Standard Product Warranty Accrual Warranties Issued
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7441000
CY2013 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
17136000
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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4608000
CY2013 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
25270000
CY2013 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
8059000
CY2013 us-gaap Interest Paid Net
InterestPaidNet
32004000
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
176295000
CY2013 us-gaap Other Noncash Income Expense
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-4301000
CY2013 us-gaap Net Income Loss Available To Common Stockholders Basic
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-41172000
CY2013 us-gaap Interest And Other Income
InterestAndOtherIncome
173000
CY2013 us-gaap Increase Decrease In Accounts Receivable
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57124000
CY2013 us-gaap Capitalized Computer Software Amortization
CapitalizedComputerSoftwareAmortization
7200000
CY2013 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
27382000
CY2013 us-gaap Stock Issued1
StockIssued1
7060000
CY2013 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
455273000
CY2013 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
8412000
CY2013 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
76000
CY2013 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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-41462000
CY2013 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
747000
CY2013 us-gaap Allocated Share Based Compensation Expense
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27035000
CY2013 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-50728000
CY2013 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
3100000
CY2013 us-gaap Interest Expense
InterestExpense
43993000
CY2013 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
35448000
CY2013 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
240859000
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
200000
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-12657000
CY2013 us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
IncomeTaxReconciliationNondeductibleExpenseMealsAndEntertainment
448000
CY2013 us-gaap Amortization Of Intangible Assets
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23038000
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-66845000
CY2013 us-gaap Cost Of Services
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363188000
CY2013 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-1127000
CY2013 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1000000
CY2013 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-363000
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-31737000
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-50054000
CY2013 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
19900000
CY2013 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-166000
CY2013 us-gaap Cost Of Goods Sold
CostOfGoodsSold
484973000
CY2013 us-gaap Depreciation
Depreciation
134133000
CY2013 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
42948000
CY2013 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
4985000
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2000
CY2013 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
9406000
CY2013 us-gaap Loss On Contracts
LossOnContracts
3100000
CY2013 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-201565000
CY2013 us-gaap Advertising Expense
AdvertisingExpense
21800000
CY2013 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
16822000
CY2013 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
-64000
CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-228000
CY2013 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-49826000
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-3202000
CY2013 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
31001000
CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
-26000
CY2013 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2013 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
4564000
CY2013 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
543000
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
27035000
CY2013 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
543000
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-36042000
CY2013 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
631000
CY2013 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
6123000
CY2013 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
3489000
CY2013 vsat Other Noncontrolling Interest Activities
OtherNoncontrollingInterestActivities
73000
CY2013 vsat Amortization Of Acquired Intangible Asset
AmortizationOfAcquiredIntangibleAsset
15584000
CY2013 vsat Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost And Other Compensation Related Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCostAndOtherCompensationRelatedCost
1305000
CY2013 vsat Adjustments Related To Tax Withholding For Share Based Compensation Prior To Immediate Retirement Of Shares Withheld For Taxes
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensationPriorToImmediateRetirementOfSharesWithheldForTaxes
8412000
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.84
CY2015 us-gaap Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 12px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">Collections in excess of revenues and deferred revenues represent cash collected from customers in advance of revenue recognition and are recorded in accrued liabilities for obligations within the next twelve months. Amounts for obligations extending beyond twelve months are recorded within other liabilities in the consolidated financial statements.</font></p> </div>
CY2015 us-gaap Revenue Recognition Multiple Element Arrangements
RevenueRecognitionMultipleElementArrangements
<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 12px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">In accordance with the authoritative guidance for revenue recognition for multiple element arrangements, ASU 2009-13, Revenue Recognition (ASC 605) Multiple-Deliverable Revenue Arrangements, which updates ASC 605-25, Revenue Recognition-Multiple element arrangements, of the Financial Accounting Standards Board (FASB) codification, for substantially all of the arrangements with multiple deliverables, the Company allocates revenue to each element based on a selling price hierarchy at the arrangement inception. The selling price for each element is based upon the following selling price hierarchy: vendor specific objective evidence (VSOE) if available, third party evidence (TPE) if VSOE is not available, or estimated selling price (ESP) if neither VSOE nor TPE are available (a description as to how the Company determines VSOE, TPE and ESP is provided below). If a tangible hardware systems product includes software, the Company determines whether the tangible hardware systems product and the software work together to deliver the product&#x2019;s essential functionality and, if so, the entire product is treated as a nonsoftware deliverable. The total arrangement consideration is allocated to each separate unit of accounting for each of the nonsoftware deliverables using the relative selling prices of each unit based on the aforementioned selling price hierarchy. Revenue for each separate unit of accounting is recognized when the applicable revenue recognition criteria for each element have been met.</font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 12px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">To determine the selling price in multiple-element arrangements, the Company establishes VSOE of the selling price using the price charged for a deliverable when sold separately. The Company also considers specific renewal rates offered to customers for software license updates, product support and hardware systems support, and other services. For nonsoftware multiple-element arrangements, TPE is established by evaluating similar and/or interchangeable competitor products or services in standalone arrangements with similarly situated customers and/or agreements. If the Company is unable to determine the selling price because VSOE or TPE doesn&#x2019;t exist, the Company determines ESP for the purposes of allocating the arrangement by reviewing historical transactions, including transactions whereby the deliverable was sold on a standalone basis and considers several other external and internal factors including, but not limited to, pricing practices including discounting, margin objectives, competition, the geographies in which the Company offers its products and services, the type of customer (i.e., distributor, value added reseller, government agency or direct end user, among others), volume commitments and the stage of the product lifecycle. The determination of ESP considers the Company&#x2019;s pricing model and go-to-market strategy. As the Company, or its competitors&#x2019;, pricing and go-to-market strategies evolve, the Company may modify its pricing practices in the future, which could result in changes to its determination of VSOE, TPE and ESP. As a result, the Company&#x2019;s future revenue recognition for multiple-element arrangements could differ materially from those in the current period.</font></p> </div>
CY2015 dei Document Type
DocumentType
10-K
CY2015 dei Entity Registrant Name
EntityRegistrantName
VIASAT INC
CY2015 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2015 dei Trading Symbol
TradingSymbol
VSAT
CY2015 us-gaap Concentration Risk Government Contracts
ConcentrationRiskGovernmentContracts
Contract costs on U.S. government contracts are subject to audit and review by the Defense Contracting Management Agency (DCMA), the Defense Contract Audit Agency (DCAA), and other U.S. government agencies, as well as negotiations with U.S. government representatives. The Company’s incurred cost audits by the DCAA have not been concluded for fiscal year 2011 and subsequent fiscal years. During the second quarter of fiscal year 2015, the DCAA completed its incurred cost audit for fiscal year 2004 and approved the Company’s incurred cost claims for fiscal years 2005 through 2010 without further audit. Although the Company has recorded contract revenues subsequent to fiscal year 2010 based upon an estimate of costs that the Company believes will be approved upon final audit or review, the Company does not know the outcome of any ongoing or future audits or reviews and adjustments, and if future adjustments exceed the Company’s estimates, its profitability would be adversely affected.
CY2015 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2015 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2015 us-gaap Description Of Lessee Leasing Arrangements Operating Leases
DescriptionOfLesseeLeasingArrangementsOperatingLeases
The Company leases office and other facilities under non-cancelable operating leases with initial terms ranging from one to fifteen years which expire between fiscal year 2016 and fiscal year 2026 and provide for pre-negotiated fixed rental rates during the terms of the lease. Certain of the Company's facilities leases contain option provisions which allow for extension of the lease terms.
CY2015 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
475000 shares
CY2015 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
349516000
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-LEFT: 2%; MARGIN-TOP: 18px"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Management estimates and assumptions</i></b></font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 6px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and reported amounts of revenues and expenses during the reporting period. Estimates have been prepared on the basis of the most current and best available information and actual results could differ from those estimates. Significant estimates made by management include revenue recognition, stock-based compensation, self-insurance reserves, allowance for doubtful accounts, warranty accruals, valuation of goodwill and other intangible assets, patents, orbital slots and other licenses, software development, property, equipment and satellites, long-lived assets, derivatives, contingencies and income taxes including the valuation allowance on deferred tax assets.</font></p> </div>
CY2015 dei Document Period End Date
DocumentPeriodEndDate
2015-04-03
CY2015 us-gaap Fiscal Period
FiscalPeriod
<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 12px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">For fiscal year 2015 and prior periods, the Company&#x2019;s fiscal year ended on the Friday closest to March&#xA0;31, resulting in a 52 or 53 week year approximately every four to five years as a result of the shift in fiscal calendar. For example, references to fiscal year 2015 refer to the fiscal year ended April&#xA0;3, 2015 and the Company&#x2019;s quarters for fiscal year 2015 ended on July&#xA0;4, 2014,&#xA0;October 3, 2014,&#xA0;January&#xA0;2, 2015 and April&#xA0;3, 2015. Fiscal year 2014 was a 53&#xA0;week year, compared with a 52&#xA0;week year in fiscal years 2015 and 2013. The Company does not believe that the extra week resulted in any material impact on its financial results. On May&#xA0;4, 2015, the Company&#x2019;s Board of Directors approved a change in the Company&#x2019;s fiscal year from a 52 or 53 week fiscal year ending on the Friday closest to March&#xA0;31 to a fiscal year ending on March&#xA0;31 of each year, effective with the fiscal year commencing April&#xA0;4, 2015. Beginning April&#xA0;4, 2015, the Company&#x2019;s fiscal quarters will end on June&#xA0;30,&#xA0;September&#xA0;30,&#xA0;December 31, and March&#xA0;31 of each year.</font></p> </div>
CY2015 us-gaap Fiscal Period Duration
FiscalPeriodDuration
P364D
CY2015 us-gaap Revenue Recognition Percentage Of Completion Method
RevenueRecognitionPercentageOfCompletionMethod
<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-LEFT: 2%; MARGIN-TOP: 18px"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Revenue recognition</i></b></font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 6px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">A substantial portion of the Company&#x2019;s revenues is derived from long-term contracts requiring development and delivery of complex equipment built to customer specifications. Sales related to long-term contracts are accounted for under the authoritative guidance for the percentage-of-completion method of accounting (ASC 605-35). Sales and earnings under these contracts are recorded either based on the ratio of actual costs incurred to date to total estimated costs expected to be incurred related to the contract, or as products are shipped under the units-of-delivery method. Anticipated losses on contracts are recognized in full in the period in which losses become probable and estimable. Changes in estimates of profit or loss on contracts are included in earnings on a cumulative basis in the period the estimate is changed.</font></p> </div>
CY2015 dei Amendment Flag
AmendmentFlag
false
CY2015 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--04-03
CY2015 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48285000 shares
CY2015 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.86
CY2015 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
33600000
CY2015 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-LEFT: 2%; MARGIN-TOP: 18px"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Indemnification provisions</i></b></font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 6px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">In the ordinary course of business, the Company includes indemnification provisions in certain of its contracts, generally relating to parties with which the Company has commercial relations. Pursuant to these agreements, the Company will indemnify, hold harmless and agree to reimburse the indemnified party for losses suffered or incurred by the indemnified party, including but not limited to losses relating to third-party intellectual property claims. To date, there have not been any material costs incurred in connection with such indemnification clauses. The Company&#x2019;s insurance policies do not necessarily cover the cost of defending indemnification claims or providing indemnification, so if a claim was filed against the Company by any party that the Company has agreed to indemnify, the Company could incur substantial legal costs and damages. A claim would be accrued when a loss is considered probable and the amount can be reasonably estimated. At April&#xA0;3, 2015 and April&#xA0;4, 2014, no such amounts were accrued related to the aforementioned provisions.</font></p> </div>
CY2015 dei Entity Central Index Key
EntityCentralIndexKey
0000797721
CY2015 us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 12px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">The Company also enters into certain leasing arrangements with customers and evaluates the contracts in accordance with the authoritative guidance for leases (ASC 840). The Company&#x2019;s accounting for equipment leases involves specific determinations under the authoritative guidance for leases, which often involve complex provisions and significant judgments. In accordance with the authoritative guidance for leases, the Company classifies the transactions as sales type or operating leases based on: (1)&#xA0;review for transfers of ownership of the equipment to the lessee by the end of the lease term, (2)&#xA0;review of the lease terms to determine if it contains an option to purchase the leased equipment for a price which is sufficiently lower than the expected fair value of the equipment at the date of the option, (3)&#xA0;review of the lease term to determine if it is equal to or greater than 75% of the economic life of the equipment, and (4)&#xA0;review of the present value of the minimum lease payments to determine if they are equal to or greater than 90% of the fair market value of the equipment at the inception of the lease. Additionally, the Company considers the cancelability of the contract and any related uncertainty of collections or risk in recoverability of the lease investment at lease inception. Revenue from sales type leases is recognized at the inception of the lease or when the equipment has been delivered and installed at the customer site, if installation is required. Revenues from equipment rentals under operating leases are recognized as earned over the lease term, which is generally on a straight-line basis.</font></p> </div>
CY2015 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2015 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-LEFT: 2%; MARGIN-TOP: 18px"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Concentration of risk</i></b></font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 6px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash equivalents and accounts receivable which are generally not collateralized. The Company limits its exposure to credit loss by placing its cash equivalents with high credit quality financial institutions and investing in high quality short-term debt instruments. The Company establishes customer credit policies related to its accounts receivable based on historical collection experiences within the various markets in which the Company operates, historical past due amounts and any specific information that the Company becomes aware of such as bankruptcy or liquidity issues of customers.</font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 12px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">Revenues from the U.S.&#xA0;government as an individual customer comprised approximately 22.8%, 21.2% and 24.1% of total revenues for fiscal years 2015, 2014 and 2013, respectively. Billed accounts receivable to the U.S.&#xA0;government as of April&#xA0;3, 2015 and April&#xA0;4, 2014 were approximately 30.6% and 22.3%, respectively, of total billed receivables. In addition, none of the Company&#x2019;s commercial customers comprised 10.0% or more of total revenues for fiscal years 2015, 2014 and 2013. The Company&#x2019;s five largest contracts generated approximately 21.1%, 26.4% and 24.0% of the Company&#x2019;s total revenues for the fiscal years ended April&#xA0;3, 2015, April&#xA0;4, 2014 and March&#xA0;29, 2013, respectively.</font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 12px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">The Company relies on a limited number of contract manufacturers to produce its products.</font></p> </div>
CY2015 us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 18px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Note&#xA0;12&#xA0;&#x2014; Contingencies</b></font></p> <!-- xbrl,body --> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 6px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">From time to time, the Company is involved in a variety of claims, suits, investigations and proceedings arising in the ordinary course of business, including actions with respect to intellectual property claims, breach of contract claims, labor and employment claims, tax and other matters. Although claims, suits, investigations and proceedings are inherently uncertain and their results cannot be predicted with certainty, the Company believes that the resolution of its current pending matters will not have a material adverse effect on its business, financial condition, results of operations or liquidity.</font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 12px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">The Company has contracts with various U.S. government agencies. Accordingly, the Company is routinely subject to audit and review by the DCMA, the DCAA and other U.S. government agencies of its performance on government contracts, indirect rates and pricing practices, accounting and management internal control business systems, and compliance with applicable contracting and procurement laws, regulations and standards. An adverse outcome to a review or audit or other failure to comply with applicable contracting and procurement laws, regulations and standards could result in material civil and criminal penalties and administrative sanctions being imposed on the Company, which may include termination of contracts, forfeiture of profits, triggering of price reduction clauses, suspension of payments, significant customer refunds, fines and suspension, or a prohibition on doing business with U.S.&#xA0;government agencies. In addition, if the Company fails to obtain an &#x201C;adequate&#x201D; determination of its various accounting and management internal control business systems from applicable U.S.&#xA0;government agencies or if allegations of impropriety are made against it, the Company could suffer serious harm to its business or its reputation, including its ability to bid on new contracts or receive contract renewals and its competitive position in the bidding process. The Company&#x2019;s incurred cost audits by the DCAA have not been concluded for fiscal year 2011 and subsequent fiscal years. During the second quarter of fiscal year 2015, the DCAA completed its incurred cost audit for fiscal year 2004 and approved the Company&#x2019;s incurred cost claims for fiscal years 2005 through 2010 without further audit. Although the Company has recorded contract revenues subsequent to fiscal year 2010 based upon an estimate of costs that the Company believes will be approved upon final audit or review, the Company does not know the outcome of any ongoing or future audits or reviews and adjustments, and if future adjustments exceed the Company&#x2019;s estimates, its profitability would be adversely affected. As of April&#xA0;3, 2015 and April&#xA0;4, 2014, the Company had $4.3 million and $6.7 million, respectively, in contract-related reserves for its estimate of potential refunds to customers for potential cost adjustments on several multi-year U.S.&#xA0;government cost reimbursable contracts. This reserve is classified as either an element of accrued liabilities or as a reduction of unbilled accounts receivable based on status of the related contracts. The year-over-year decrease in contract-related reserves reflected the conclusion of the DCAA&#x2019;s incurred cost audit for fiscal year 2004 and the DCAA&#x2019;s approval of the Company&#x2019;s incurred cost claims for fiscal years 2005 through 2010.</font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 18px"><font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Certain Matters Resolved During Fiscal Year 2015</i></b></font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 6px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">On September&#xA0;5, 2014, the Company entered into a settlement agreement with SS/L and Loral (the Settlement Agreement), pursuant to which SS/L and Loral are required to pay the Company a total of $108.7 million, inclusive of interest, over a two and a half year period from the date of settlement. In exchange, the Company dismissed both lawsuits against SS/L and Loral. The parties further agreed not to sue each other with respect to the patents and intellectual property that were the subject of the lawsuits and, for a period of two years, not to sue each other or each other&#x2019;s customers for any intellectual property claims.</font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 12px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">The Company accounted for the amounts payable by SS/L and Loral under the Settlement Agreement as a multiple-element arrangement and allocated the total consideration to the identifiable elements based upon their fair value. The consideration assigned to each element was as follows:</font></p> <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 12px; MARGIN-TOP: 0px"> &#xA0;</p> <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="68%" align="center" border="0"> <!-- Begin Table Head --> <tr> <td width="79%"></td> <td valign="bottom" width="11%"></td> <td></td> <td></td> <td></td> </tr> <tr> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>(In&#xA0;thousands)</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> </tr> <!-- End Table Head --><!-- Begin Table Body --> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font style="FONT-FAMILY: Times New Roman" size="2">Implied license</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">85,132</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr> <td valign="top"> <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font style="FONT-FAMILY: Times New Roman" size="2">Other damages</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">18,714</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font style="FONT-FAMILY: Times New Roman" size="2">Interest income</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">4,866</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr> <td valign="top"></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">108,712</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 3px double">&#xA0;</p> </td> <td>&#xA0;</td> </tr> <!-- End Table Body --></table> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 12px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">During fiscal year 2015, the Company recorded $53.7 million with respect to amounts realized under the Settlement Agreement, of which $33.0 million was recognized as product revenues and $18.7 million was recognized as a reduction to SG&amp;A expenses in the Company&#x2019;s satellite services segment, and $2.0 million was recognized as interest income in the consolidated financial statements. The remaining payments under the Settlement Agreement will be recognized in future periods when realized, and will be recorded as product revenues in the satellite services segment and interest income.</font></p> </div>
CY2015 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47139000 shares
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
524000
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OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-2141000
CY2015 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
494000
CY2015 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
2700000
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728074000
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OtherComprehensiveIncomeLossNetOfTax
-2166000
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
14889000
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10194000
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1382535000
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39891000
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16328000
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IncreaseDecreaseInInventories
1217000
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
53718000
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-31997000
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57376000
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ComprehensiveIncomeNetOfTax
38197000
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5725000
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14055000
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3897000
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52686000
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2757000
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29645000
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366492000
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OtherNoncashIncomeExpense
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40363000
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InterestAndOtherIncome
2022000
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-3745000
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23500000
CY2015 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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40765000
CY2015 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
0
CY2015 us-gaap Stock Issued1
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654461000
CY2015 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
14788000
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OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-25000
CY2015 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
37725000
CY2015 us-gaap Capital Expenditures Incurred But Not Yet Paid
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6584000
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39353000
CY2015 us-gaap Asset Impairment Charges
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0
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12420000
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16200000
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InterestExpense
31448000
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-648000
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2500000
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898000
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18808000
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13827000
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24500000
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45744000 shares
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1507000
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20017000
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4014000
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0
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1437000
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-7435000
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47000
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515000 shares
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P5Y
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156000 shares
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17966000
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1966000
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-0.21
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205140000
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P371D
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60736000
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281533000
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-249000
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1488000
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1185000
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785738000
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1707000
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12685000
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8018000
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1351462000
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-8657000
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6561000
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11422000
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12911000
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2400000
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3299000
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-7739000
CY2014 us-gaap Standard Product Warranty Accrual Warranties Issued
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10110000
CY2014 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
13217000
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
4459000
CY2014 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
44461000
CY2014 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2512000
CY2014 us-gaap Interest Paid Net
InterestPaidNet
34446000
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
307625000
CY2014 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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CY2014 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-9446000
CY2014 us-gaap Interest And Other Income
InterestAndOtherIncome
35000
CY2014 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
9219000
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CapitalizedComputerSoftwareAmortization
11100000
CY2014 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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34703000
CY2014 us-gaap Stock Issued1
StockIssued1
8018000
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SalesRevenueServicesNet
565724000
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PaymentsRelatedToTaxWithholdingForShareBasedCompensation
15588000
CY2014 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
219000
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ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-6950000
CY2014 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
30237000
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AllocatedShareBasedCompensationExpense
33639000
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AssetImpairmentCharges
0
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DeferredIncomeTaxExpenseBenefit
-27182000
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InterestCostsCapitalized
8100000
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InterestExpense
37938000
CY2014 vsat Adjustments Related To Tax Withholding For Share Based Compensation Prior To Immediate Retirement Of Shares Withheld For Taxes
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensationPriorToImmediateRetirementOfSharesWithheldForTaxes
15588000
CY2014 us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
600000
CY2014 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
101827000
CY2014 us-gaap Proceeds From Payments For Other Financing Activities
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-3690000
CY2014 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
7194000
CY2014 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
540000
CY2014 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
17730000
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-16032000
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
IncomeTaxReconciliationNondeductibleExpenseMealsAndEntertainment
678000
CY2014 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
25975000
CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-47391000
CY2014 us-gaap Cost Of Services
CostOfServices
419425000
CY2014 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-77000
CY2014 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1600000
CY2014 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
536000
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-12132000
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-25947000
CY2014 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
22300000
CY2014 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
798000
CY2014 us-gaap Cost Of Goods Sold
CostOfGoodsSold
571855000
CY2014 us-gaap Depreciation
Depreciation
159089000
CY2014 us-gaap Loss On Contracts
LossOnContracts
3300000
CY2014 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-354486000
CY2014 us-gaap Advertising Expense
AdvertisingExpense
18900000
CY2014 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
20954000
CY2014 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
12000
CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1350000
CY2014 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-27297000
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-3555000
CY2014 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
18617000
CY2014 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
128000
CY2014 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2014 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-7404000
CY2014 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
789000
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
33639000
CY2014 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
41500000
CY2014 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
789000
CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-11188000
CY2014 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
406000
CY2014 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-753000
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1306000
CY2014 vsat Amortization Of Acquired Intangible Asset
AmortizationOfAcquiredIntangibleAsset
14614000
CY2014 vsat Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost And Other Compensation Related Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCostAndOtherCompensationRelatedCost
1337000

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