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INCOME TAXES - (Tables) | 12 Months Ended
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Mar. 31, 2025
Income Tax Disclosure [Abstract] |
Schedule of Income Before Income Taxes | Components of income before income taxes recorded in the consolidated statements of comprehensive income were as follows:
| Years Ended March 31,
| 2025 |  | 2024 |  | 2023
Domestic (1) | $ | 1,033,428 |  |  | $ | 688,981 |  |  | $ | 467,231 |
Foreign | 209,871 |  |  | 289,960 |  |  | 198,851 |
Total | $ | 1,243,299 |  |  | $ | 978,941 |  |  | $ | 666,082 |
(1) Domestic income before income taxes for the year ended March 31, 2024 is presented net of intercompany dividends (or repatriated cash) of $250,000. No intercompany dividends (or repatriated cash) that were subject to income taxes from a foreign subsidiary were declared during years ended March 31, 2025 and 2023.
Schedule of Components of Income Tax Expense (Benefit) | Components of income tax expense (benefit) recorded in the consolidated statements of comprehensive income were as follows:
| Years Ended March 31,
| 2025 |  | 2024 |  | 2023
Current |  |  |  |  |
Federal | $ | 177,652 |  |  | $ | 146,939 |  |  | $ | 115,708 |
State | 43,847 |  |  | 32,065 |  |  | 18,418 |
Foreign | 61,254 |  |  | 41,884 |  |  | 24,853 |
Total | 282,753 |  |  | 220,888 |  |  | 158,979 |
Deferred |  |  |  |  |
Federal | (1,134) |  |  | (3,113) |  |  | 4,830 |
State | 219 |  |  | (2,336) |  |  | 382 |
Foreign | (4,630) |  |  | 3,939 |  |  | (14,931) |
Total | (5,545) |  |  | (1,510) |  |  | (9,719) |
Total | $ | 277,208 |  |  | $ | 219,378 |  |  | $ | 149,260 |
Schedule of Income Tax Expense Reconciliation | Income tax expense (benefit) differed from that obtained by applying the statutory federal income tax rate to income before income taxes as follows:
| Years Ended March 31,
| 2025 |  | 2024 |  | 2023
Computed expected income taxes | $ | 261,093 |  |  | $ | 205,578 |  |  | $ | 139,882 |
State income taxes, net of federal income tax benefit | 45,991 |  |  | 32,023 |  |  | 15,881 |
Foreign rate differential | (13,078) |  |  | (15,976) |  |  | (21,420) |
Gross unrecognized tax benefits | (1,594) |  |  | 1,301 |  |  | 20,122 |
Intercompany transfers of assets | 10,430 |  |  | (1,817) |  |  | (13,072) |
US tax on foreign earnings | (14,548) |  |  | 4,750 |  |  | 7,672 |
Other | (11,086) |  |  | (6,481) |  |  | 195 |
Total | $ | 277,208 |  |  | $ | 219,378 |  |  | $ | 149,260 |
Schedule of Deferred Tax Assets and Liabilities | The tax effects of temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities are as follows:
| As of March 31,
| 2025 |  | 2024
Deferred tax assets |  |  |
Amortization of intangible assets | $ | 12,413 |  |  | $ | 11,416 |
Operating lease liabilities | 38,051 |  |  | 38,890 |
Uniform capitalization adjustment to inventory | 10,723 |  |  | 11,822 |
State related taxes and credit carryforwards | 3,107 |  |  | 1,834 |
Reserves and accruals | 69,803 |  |  | 65,817 |
Net operating loss carry-forwards | 10,421 |  |  | 5,981 |
Other | 1,188 |  |  | 3,164 |
Gross deferred tax assets | 145,706 |  |  | 138,924 |
Valuation allowances | (5,138) |  |  | (1,259) |
Total | 140,568 |  |  | 137,665 |
Deferred tax liabilities |  |  |
Prepaid expenses | (8,727) |  |  | (7,060) |
Operating lease assets | (29,189) |  |  | (29,667) |
Depreciation of property and equipment | (23,359) |  |  | (28,354) |
Other | (1,702) |  |  | — |
Total | (62,977) |  |  | (65,081) |
Deferred tax assets, net | $ | 77,591 |  |  | $ | 72,584 |
Unrecognized Tax Benefits | A reconciliation of the beginning and ending amounts of total gross unrecognized tax benefits are as follows:
| Years Ended March 31,
| 2025 |  | 2024 |  | 2023
Beginning balance | $ | 45,620 |  |  | $ | 44,901 |  |  | $ | 24,779 |
Gross increase related to current year tax positions | 4,499 |  |  | 4,318 |  |  | 6,865 |
Gross increase related to prior year tax positions | 4,662 |  |  | 4,629 |  |  | 16,243 |
Gross decrease related to prior year tax positions | (4,309) |  |  | (4,698) |  |  | (456) |
Settlements with taxing authorities | (22,793) |  |  | (582) |  |  | — |
Lapse of statute of limitations | (6,446) |  |  | (2,948) |  |  | (2,530) |
Ending balance | $ | 21,233 |  |  | $ | 45,620 |  |  | $ | 44,901 |
Balance Sheet Location of Gross Unrecognized Tax Benefits | Total gross unrecognized tax benefits recorded in the consolidated balance sheets are as follows:
| As of March 31,
| 2025 |  | 2024
Current liability |  |  |
Income tax payable | $ | 5,688 |  |  | $ | 3,998 |
Long-term liability |  |  |
Income tax liability | 15,545 |  |  | 41,622 |
Total | $ | 21,233 |  |  | $ | 45,620 |

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