Company: VSAT
Filing Date: 2025-05-27
Form Type: 10-K
Source: 0000950170-25-077138
Chunk: 31

Company: VIASAT INC
Filing Date: 2025-05-27
Form: 10-K
Item: Item 6
Chunk 31
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 in fiscal year 2025, which were recorded in our communication services segment for both periods. After excluding these net losses, selling, general and administrative (SG&A) expenses increased by $23.5 million, primarily driven by a $50.2 million increase in support costs and partially offset by a $24.7 million decrease in sales and marketing costs, both of which were mainly in our communication services segment. SG&A expenses consisted primarily of personnel costs and expenses for business development, marketing and sales, bid and proposal, acquisition and transaction related expenses, facilities, finance, contract administration and general management.Independent research and development  

     Fiscal Years Ended

     Dollar

     Percentage

     (In millions, except percentages)
      
     March 31, 2025

     March 31, 2024

     Increase(Decrease)

     Increase(Decrease)

     Independent research and development
      
     $
     142.4

     $
     150.7

     $
     (8.3
     )

     (6
     )%
    
    The $8.3 million decrease in IR&D expenses was primarily attributable to a $21.5 million decrease in our communication services segment (primarily related to next-generation consumer broadband integrated networking technologies), partially offset by a $13.3 million increase in our defense and advanced technologies segment (primarily related to other advanced technologies).

56

Amortization of acquired intangible assets We amortize our acquired intangible assets from prior acquisitions over their estimated useful lives, which range from two to 12 years. The $36.8 million increase in amortization of acquired intangible assets in fiscal year 2025 compared to the prior fiscal year was primarily related to a full year of amortization of acquired intangibles as a result of the Inmarsat Acquisition in May 2023, compared to only ten months in the prior year period. Expected amortization expense for acquired intangible assets for each of the following periods is as follows:  

     Amortization

     (In thousands)

     Expected for fiscal year 2026
      
     $
     263,329

     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

     Thereafter

     971,402