XML 53 R30.htm IDEA: XBRL DOCUMENT
v3.23.2

Relationship With Parent And Related Parties (Tables) | 12 Months Ended
--- | ---
Mar. 31, 2023
Related Party Transactions [Abstract] |
Summary of Material Transactions Reflected in Accumulated Net Parent Investment | The following is a summary of material transactions reflected in the accumulated net parent investment during the fiscal years ended March 31, 2023, 2022 and 2021
|  | Fiscal year ended March 31, |
(In thousands) |  | 2023(3) |  |  | 2022 |  |  | 2021 |
Corporate allocations (excluding stock-based compensation expense) |  | $ | 1,483 |  |  | $ | 9,999 |  |  | $ | 8,998 |
Transfer of operations to Nextracker(1) |  |  | (39,025 | ) |  |  | (2,934 | ) |  |  | 5,299 |
Net cash pooling activities(2) |  |  | (35,240 | ) |  |  | (35,490 | ) |  |  | 377,360 |
Income taxes |  |  | 41,238 |  |  |  | 19,550 |  |  |  | 36,068 |
Net transfers (to) from Parent |  | $ | (31,544 | ) |  | $ | (8,875 | ) |  | $ | 427,725 |
(1) |  | Primarily represents certain international operations where related income and/or losses are included in Nextracker’s consolidated statements of operations. Cash was also collected by the international operations on behalf of Nextracker, for which Nextracker and Flex do not intend to settle in the future. For the fiscal year 2023, the balance includes the legal settlement paid by Flex as further disclosed in Note 12.
(2) |  | Primarily represents financing activities for cash pooling and capital transfers.
(3) |  | Represents transactions reflected in accumulated net parent investment through February 8, 2023.

X
- References No definition available. + Details
Name: | us-gaap_RelatedPartyTransactionsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
Name: | us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration