Goodwill and Acquired Intangible Assets

12 Months Ended

Mar. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Note 5 — Goodwill and Acquired Intangible Assets

During fiscal years 2026 and 2025, the Company’s goodwill remained flat.

Goodwill by segment as of March 31, 2026 and 2025 was as follows:


	As of March 31, 2026		As of March 31, 2025
	(In thousands)
Communication services	$	1,584,603	$	1,582,083
Defense and advanced technologies		40,410		40,049
Total	$	1,625,013	$	1,622,132

Acquired intangible assets are amortized using the straight-line method over their estimated useful lives of two to 12 years (which approximates the economic pattern of benefit). Amortization expense related to acquired intangible assets was $260.7 million, $263.9 million and $227.2 million for fiscal years 2026, 2025 and 2024, respectively.

Acquired intangible assets and the related accumulated amortization as of March 31, 2026 and 2025 were as follows:


			As of March 31, 2026							As of March 31, 2025
	Weighted Average Useful Life		Total		Accumulated Amortization			Net Book Value		Total		Accumulated Amortization			Net Book Value
	(In years)		(In thousands)
Contracts and customer relationships		11	$	1,432,934	$	(413,945	)	$	1,018,989	$	1,432,562	$	(280,309	)	$	1,152,253
Orbital slots and spectrum assets		12		1,088,600		(263,600	)		825,000		1,088,600		(173,600	)		915,000
Technology		7		223,954		(142,147	)		81,807		247,921		(131,805	)		116,116
Trade names		8		114,570		(50,811	)		63,759		116,949		(38,453	)		78,496
Other		9		18,995		(11,114	)		7,881		18,017		(9,105	)		8,912
Total other acquired intangible assets		11	$	2,879,053	$	(881,617	)	$	1,997,436	$	2,904,049	$	(633,272	)	$	2,270,777

The expected amortization expense of amortizable acquired intangible assets may change due to the effects of foreign currency fluctuations as a result of international businesses acquired. Expected amortization expense for acquired intangible assets for each of the following periods is as follows:


	Amortization
	(In thousands)
Expected for fiscal year 2027	$	263,329
Expected for fiscal year 2028		263,291
Expected for fiscal year 2029		262,266
Expected for fiscal year 2030		247,160
Expected for fiscal year 2031		234,951
Thereafter		726,439
	$	1,997,436