Company: VSAT
Filing Date: 2025-05-27
Form Type: 10-K
Source: 0000950170-25-077138
Chunk: 132

Company: VIASAT INC
Filing Date: 2025-05-27
Form: 10-K
Item: Item 6
Chunk 132
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 stock at a discount through payroll deductions during specified six-month offering periods. No employee may purchase more than $25,000 worth of stock in any calendar year. The price of shares purchased under the Employee Stock Purchase Plan is equal to 85% of the fair market value of the common stock on the first or last day of the offering period, whichever is lower. Total stock-based compensation expense recognized in accordance with ASC 718 was as follows:  

         Fiscal Years Ended

         March 31, 2025

         March 31, 2024

         March 31, 2023

         (In thousands)

         Stock-based compensation expense before taxes
          
         $
         80,385

         $
         83,631

         $
         82,112

         Related income tax benefits

         (2,181
         )

         (5,292
         )

         (17,238
         )

         Stock-based compensation expense, net of taxes
          
         $
         78,204

         $
         78,339

         $
         64,874

        In accordance with ASC 718, the Company recognizes excess tax benefits or deficiencies on vesting or settlement of awards as discrete items within income tax benefit or provision within net income (loss) and the related cash flows classified within operating activities. The compensation cost that has been charged against income for the Equity Participation Plan and Inducement Plan under ASC 718 was $72.9 million, $75.6 million and $75.0 million, and for the Employee Stock Purchase Plan was $7.5 million, $8.0 million and $7.1 million, for fiscal years 2025, 2024 and 2023, respectively. The Company capitalized $8.1 million, $10.7 million and $12.9 million of stock-based compensation expense as a part of property, equipment and satellites, net for fiscal years 2025, 2024 and 2023, respectively. During fiscal year 2025, the Company modified certain RSUs and market-based performance stock options in connection with termination of executives resulting in an insignificant amount of incremental compensation expense.As of March 31, 2025, total unrecognized compensation cost related to unvested stock-based compensation arrangements granted under the Equity Participation Plan and Inducement Plan (including stock options, market-based performance stock options, RSUs and PSUs) and the Employee Stock Purchase Plan was $125.2 million