Company: VSAT
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016993
Chunk: 161

Company: VIASAT INC
Filing Date: 2025-02-10
Form: 10-Q
Item: Part I, Item 8
Chunk 161
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 own a majority equity interest or otherwise control, are accounted for using the equity method and are included as investment in unconsolidated affiliate in other assets (long-term) on the condensed consolidated balance sheets. The Company records its share of the results of such entities within equity in income (loss) of unconsolidated affiliate, net on the condensed consolidated statements of operations and comprehensive income (loss). The Company monitors such investments for other-than-temporary impairment by considering factors including the current economic and market conditions and the operating performance of the entities and records reductions in carrying values when necessary. The fair value of privately held investments is estimated using the best available information as of the valuation date, including current earnings trends, undiscounted cash flows, quoted stock prices of comparable public companies, and other company specific information, including recent financing rounds. The Company's investments in equity method investments were not significant as of December 31, 2024 and March 31, 2024.Common stock held in treasury As of December 31, 2024 and March 31, 2024, the Company had zero shares of common stock held in treasury. During the three months ended December 31, 2024 and 2023, the Company issued 1,103,337 and 1,284,326 shares of common stock, respectively, based on the vesting terms of certain restricted stock unit agreements. During the nine months ended December 31, 2024 and 2023, the Company issued 1,473,495 and 1,478,822 shares of common stock, respectively, based on the vesting terms of certain restricted stock unit agreements. In order for employees to satisfy minimum statutory employee tax withholding requirements related to the issuance of common stock underlying these restricted stock unit agreements, during the three months ended December 31, 2024 and 2023, the Company repurchased 378,657 and 445,393 shares of common stock, respectively, at cost and with a total value of $2.8 million and $8.7 million, respectively. During the nine months ended December 31, 2024 and 2023, the Company repurchased 520,538 and 506,794 shares of common stock, respectively, at cost and with a total value of $5.2 million and $11.2 million, respectively. Although shares withheld for employee withholding taxes are technically not issued, they are treated as common stock repurchases for accounting purposes (with such shares deemed to be repurchased