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v3.23.2

Income Taxes - Summary of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Mar. 31, 2022
--- | --- | ---
Deferred tax liabilities: |  |
Fixed assets | $ (54) | $ (67)
Intangible assets | 0 | (437)
Others | (2,688) | (663)
Total deferred tax liabilities | (2,742) | (1,167)
Deferred tax assets: |  |
Fixed assets | 0 | 47
Stock-based compensation | 2,222 | 342
Deferred revenue | 0 | 3,967
Warranty reserve | 0 | 2,461
Accrued professional fees | 0 | 2,378
Provision for doubtful accounts | 0 | 449
Net operating loss and other carryforwards | 5,467 | 5,553
Investment in Nextracker LLC | 249,377 | 0
Others | 1,598 | 1,367
Total deferred tax assets | 258,664 | 16,564
Valuation allowances | (1,528) | 0
Total deferred tax assets, net of valuation allowances | 257,136 | 16,564
Net deferred tax asset | 254,394 | 15,397
The net deferred tax asset is classified as follows: |  |
Long-term asset | 254,767 | 15,828
Long-term liability | (373) | (431)
Total | $ 254,394 | $ 15,397

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