Company: VSAT
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016993
Chunk: 171

Company: VIASAT INC
Filing Date: 2025-02-10
Form: 10-Q
Item: Part I, Item 8
Chunk 171
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 Acquisition, primarily between property, equipment and satellites, identifiable intangible assets, deferred tax liabilities and goodwill, is as follows: 

        (In thousands)

        Current assets
         
        $
        641,893

        Property, equipment and satellites

        4,363,049

        Identifiable intangible assets

        2,570,000

        Other assets

        388,745

        Total assets acquired
         
        $
        7,963,687

        Current liabilities

        (598,296
        )

        Long-term debt, excluding short-term portion

        (3,519,774
        )

        Other long-term liabilities

        (2,629,406
        )

        Total liabilities assumed
         
        $
        (6,747,476
        )

        Goodwill

        1,462,881

        Total consideration transferred
         
        $
        2,679,092

      Current liabilities and other long-term liabilities include approximately $29.6 million and $248.3 million, respectively, of unfavorable contract liabilities amortized into service revenue over a weighted average estimated useful life of approximately nine years. Amounts assigned to identifiable intangible assets are being amortized on a straight-line basis over their determined useful lives (which approximates the economic pattern of benefit) and are as follows as of May 30, 2023: 

        Weighted

        Fair Value

        Average Useful Life

        (In thousands)

        (In years)

        Orbital slots and spectrum assets
         
        $
        1,080,000

        12

        Customer relationships

        1,305,000

        11

        Technology

        100,000

        7

        Trade names

        85,000

        8

        Total identifiable intangible assets
         
        $
        2,570,000

        11

      Management determined the fair value of acquired customer relationships by applying the multi-period excess earnings method, which involved the use of significant judgments and assumptions related to revenue growth rates, customer attrition rates, discount rates, and contributory asset charges. Additionally, management determined the fair value of acquired orbital slots and spectrum assets using an avoided cost method, which involved the use of significant judgments and assumptions related to hypothetical lease payments, discount rates, and contributory asset charges.

26

VIASAT, INC.NOTES TO THE CONDENSED