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General (Tables) | 12 Months Ended
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Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Recently Adopted Accounting Pronouncements and Accounting Pronouncements Not Yet Adopted | Recently Adopted. The following is a summary of an ASU adopted by and its impact on the Company:
Standard |  | Description |  | Impact Upon Adoption
ASU No. 2020-04, Reference Rate Reform: Facilitation of the Effects of Reference Rate Reform on Financial Reporting (as amended by ASUs 2021-01 and 2022-06) |  | London Interbank Offered Rate (LIBOR) is a benchmark interest rate referenced in a variety of agreements that are used by all types of entities. At the end of calendar year 2021, banks will no longer be required to report information that is used to determine LIBOR. As a result, LIBOR could be discontinued. Other interest rates used globally could also be discontinued for similar reasons. This ASU provides companies with optional guidance to ease the potential accounting burden associated with transitioning away from reference rates that are expected to be discontinued. Guidance is limited for adoption through December 31, 2022; however, this was deferred to December 31, 2024, to provide relief and allow flexibility until the cessation of USD LIBOR. |  | While the sunset date was deferred with a recent amendment to this ASU, the Company elected to adopt this ASU as of January 1, 2023. The Company has evaluated the impact of the adoption of this ASU on its revolving credit facilities, lease agreements, cash flow hedges and other relevant agreements; however, the adoption did not have a material impact on its consolidated financial statements. During December 2022, the Company entered into a new credit agreement with Secured Overnight Financing Rate (SOFR) interest terms and the previous credit agreement with LIBOR interest terms was terminated. Refer to Note 6, "Revolving Credit Facilities," for further information on the Company's Revolving Credit Facilities.
Not Yet Adopted. The following is a summary of each ASU that has been issued and is applicable to the Company, but which has not yet been adopted, as well as the planned period of adoption, and the expected impact on the Company upon its adoption:
Standard |  | Description |  | Planned Period of Adoption |  | Expected Impact on Adoption
ASU 2022-04 - Supplier Finance Program (SFP) |  | The ASU requires that a buyer in an SFP disclose qualitative and quantitative information about its program, including the nature and potential magnitude. Interim and annual requirements include disclosure of outstanding amounts under the SFP. Annual requirements include an activity roll forward of outstanding amounts under the SFP. This ASU is effective on a retrospective basis for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years, except for the disclosure of roll forward information, which is effective for fiscal years beginning after December 15, 2023. Early adoption is permitted, except for the disclosure of roll forward information. |  | Q1 FY 2024 and Q1 FY 2025 |  | The Company currently has an SFP program with a third-party financial institution that allows certain participating suppliers to finance payment obligations of the Company, prior to their scheduled due dates, at a discounted price to the third-party financial institution. The Company evaluated this ASU and its implications on the presentation of its SFP program on its consolidated balance sheets and determined no reclassification on adoption in Q1 FY 2024 is required from trade accounts payable to short-term debt as the payment terms under the SFP program are less than 90 days. The Company is continuing to evaluate the impact of this ASU for the new disclosure requirements.
Standard |  | Description |  | Planned Period of Adoption |  | Expected Impact on Adoption
ASU 2023-01 - Common Control Arrangements |  | A lessee is generally required to amortize leasehold improvements over the shorter of the useful life or the lease term. The ASU amends the amortization period for leasehold improvements in common control lease arrangements to the useful life of the common control group, as long as the lessee continues to control the use of the underlying asset throughout the lease term. This ASU is effective on a retrospective basis for the fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. Early adoption is permitted. |  | Q1 FY 2025 |  | The Company is currently evaluating the impact of this ASU on the Company.
Schedule of Property and Equipment, Net | Property and equipment, net, are summarized as follows:
|  |  | As of March 31,
| Useful life (years) |  | 2023 |  | 2022
Land | Indefinite |  | $ | 32,864 |  |  | $ | 32,864 |
Building | 39.5 |  | 36,191 |  |  | 36,112 |
Machinery and equipment | 1-10 |  | 187,754 |  |  | 177,397 |
Furniture and fixtures | 3-7 |  | 39,538 |  |  | 35,600 |
Computer software | 3-10 |  | 115,349 |  |  | 104,114 |
Leasehold improvements | 1-11 |  | 118,351 |  |  | 108,526 |
Construction in progress |  |  | 54,140 |  |  | 10,407 |
Gross property and equipment |  |  | 584,187 |  |  | 505,020 |
Less accumulated depreciation and amortization |  |  | (317,508) |  |  | (282,571) |
Total |  |  | $ | 266,679 |  |  | $ | 222,449 |
Schedule of Change in Asset Retirement Obligation | The Company’s asset retirement obligations (AROs) are recorded in other long-term liabilities in the consolidated balance sheets and activity was as follows:
| Amounts
Balance, March 31, 2021 | $ | 12,983 |
Additions and changes in estimate | 4,622 |
Liabilities settled during the period | (898) |
Accretion expenses | 327 |
Foreign currency translation gains | (232) |
Balance, March 31, 2022 | 16,802 |
Additions and changes in estimate | 9,724 |
Liabilities settled during the period | (2,284) |
Accretion expenses | 513 |
Foreign currency translation gains | (199) |
Balance, March 31, 2023 | $ | 24,556 |

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