Company: VSAT
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016993
Chunk: 217

Company: VIASAT INC
Filing Date: 2025-02-10
Form: 10-Q
Item: Part I, Item 8
Chunk 217
---
 product revenues was primarily driven by higher margins primarily in our defense and advanced technologies segment due to a higher mix of our product revenues associated with our royalty and licensing agreements versus hardware and other product related revenues.

53

Selling, general and administrative expenses

    Nine Months Ended

    Dollar

    Percentage

    (In millions, except percentages)
     
    December 31,2024

    December 31,2023

    Increase(Decrease)

    Increase(Decrease)

    Selling, general and administrative
     
    $
    761.6

    $
    1,640.3

    $
    (878.7
    )

    (54
    )%

The $878.7 million decrease in SG&A expenses was primarily due to a net loss of $905.5 million related to satellite impairment, including liabilities associated with the termination of certain subcontractor agreements, net of estimated insurance claim receivables recorded in our communication services segment in the prior year period. The decrease in SG&A expenses was further driven by lower selling costs of $13.1 million, partially offset by higher support costs of $41.2 million, both of which were mainly in our communication services segment.

Independent research and development

    Nine Months Ended

    Dollar

    Percentage

    (In millions, except percentages)
     
    December 31,2024

    December 31,2023

    Increase(Decrease)

    Increase(Decrease)

    Independent research and development
     
    $
    108.7

    $
    104.2

    $
    4.5

    4
    %

The $4.5 million increase in IR&D expenses was mainly due to an increase of $8.8 million in our defense and advanced technologies segment (primarily related to tactical terrestrial networking and other advanced technologies), partially offset by a $4.3 million decrease in our communication services segment (primarily related to next-generation consumer broadband integrated networking technologies).

Amortization of acquired intangible assets

We amortize our acquired intangible assets from prior acquisitions over their estimated useful lives, which range from two to 20 years. The $2.8 million decrease in amortization of acquired intangible assets in the first nine months of fiscal year 2025 compared to the prior year period was primarily due to the final valuation of certain acquired intangible assets completed in the first quarter of fiscal year 2025, within one year of the closing of the In