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Inventories, Net (Notes)
6 Months Ended
Sep. 30, 2021
Inventory Disclosure [Abstract]  
Inventories, Net Inventories, Net
Inventories are stated at the lower of their cost and net realizable value determined by the first-in, first-out (“FIFO”) cost method. Inventory costs include material, labor, and overhead. Inventories, net consisted of the following:
 September 30,
2021
March 31,
2021
(*as adjusted)
Raw materials$193,836 $103,939 
Work in process79,426 54,283 
Finished goods313,033 176,623 
Reserve for excess and obsolete inventory(21,763)(19,778)
Inventories, net$564,532 $315,067 
*Certain amounts have been adjusted to reflect the change in inventory accounting method, as described in our Annual report on Form 10-K filed with the SEC on May 28, 2021.
Inventory has increased since March 31, 2021 primarily due to the acquisition of Cantel.