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Summary Of Accounting Policies (Tables) | 12 Months Ended
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Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Summary of Allowance for Doubtful Accounts | The following table summarizes the activity in Nextracker’s allowance for doubtful accounts during fiscal years 2023, 2022, and 2021:
(In thousands) |  | Balance at beginning of year |  |  | Charges/ (recoveries) to costs and expenses |  |  | Deductions/ Write-Offs |  |  | Balance at end of year |
Allowance for doubtful accounts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Year ended March 31, 2021(1) |  | $ | 1,214 |  |  | $ | 2,440 |  |  | $ | (59) |  |  | $ | 3,595 |
Year ended March 31, 2022 |  | $ | 3,595 |  |  | $ | (21) |  |  | $ | — |  |  | $ | 3,574 |
Year ended March 31, 2023 |  | $ | 3,574 |  |  | $ | (1,054) |  |  | $ | (752) |  |  | $ | 1,768 |
(1) |  | Charges incurred during fiscal year 2021 are primarily for costs and expenses related to various distressed customers.
Summary of Product Warranty | The following table summarizes the activity related to the estimated accrued warranty reserve for the fiscal years ended March 31, 2023 and 2022:
|  | As of March 31, |
(In thousands) |  | 2023 |  |  | 2022 |
Beginning balance |  | $ | 10,485 |  |  | $ | 17,085 |
Provision (release) for warranties issued(1) |  |  | 13,099 |  |  |  | (5,159) |
Payments |  |  | (993) |  |  |  | (1,441) |
Ending balance |  | $ | 22,591 |  |  | $ | 10,485 |
(1) |  | During fiscal year ended March 31, 2023, the Company identified a specific design issue with a non-core product, and recorded an additional $8.7 million charge to cost of sales on its consolidated statement of operations and comprehensive income, related to future remediation costs, which may include replacement parts and services.
Summary of Property, Plant and Equipment |
|  | Depreciable life (In years) |  |  | As of March 31, |
(In thousands) |  | 2023 |  |  | 2022 |
Machinery and equipment |  |  | 3-8 |  |  | $ | 9,062 |  |  | $ | 8,535 |
Leasehold improvements |  |  | Up to 5 |  |  |  | 4,302 |  |  |  | 4,148 |
Furniture, fixtures, computer equipment and software |  |  | 3-7 |  |  |  | 10,080 |  |  |  | 6,111 |
Construction-in-progress |  |  | — |  |  |  | 1,111 |  |  |  | 2,511 |
|  |  |  |  |  |  | 24,555 |  |  |  | 21,305 |
Accumulated depreciation |  |  |  |  |  |  | (17,300) |  |  |  | (13,882) |
Property and equipment, net |  |  |  |  |  | $ | 7,255 |  |  | $ | 7,423 |
Summary of Redeemable Noncontrolling Interest |
(in thousands) |  | Fiscal year ended March 31, 2023 |
Balance at beginning of period |  | $ | — |
Establishment of non-controlling interests |  |  | 265,564 |
Net income attributable to redeemable non-controlling interests |  |  | 2,446 |
Redemption value adjustment |  |  | 3,292,618 |
Balance at end of period |  | $ | 3,560,628 |

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- Definition Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=126907703&loc=d3e12565-110249 + Details
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