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INCOME TAXES (Tables)

12 Months Ended

Mar. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of deferred tax assets and liabilities

As of March 31, 2023 and March 31, 2022, deferred tax assets and liabilities of the Company were comprised of the following:

			March 31, 2023						March 31, 2022
									(recast)
Deferred tax assets:
Revaluation on trading securities
Tax losses carryforward			$	1,548					$	679
Accrued liabilities			933						828
Provision for impairment losses			2,079						—
Stock compensation expenses			—						—
Deferred tax assets			$	4,560					$	1,507
Deferred tax liabilities:
Revaluation on trading securities			$	29					$	210
Fixed and Intangible Assets			2,457						—
Other liabilities			326						388
Deferred tax liabilities			$	2,812					$	598
Net deferred tax assets			$	2,442					$	909
Net deferred tax liabilities			$	694					$	—

Schedule of federal income taxes

The reconciliation of of the amount computed by multiplying income before provision for income taxes at the 21% income tax rate compared to the Company's income tax expense as reported is as follows:

			Year ended March 31, 2023						Year ended March 31, 2022						Year ended March 31, 2021
									(recast)						(recast)
Income before income tax at 21%			$	49,547					$	76,376					$	31,879
Global intangible low taxed income			39,139						31,194						18,451
Permanent differences			14,096						(2,567)						(2,160)
Subpart F Income			4,732						—						—
Stock based compensation			2,039						3,090						348
Provision for impairment losses			—						(13)						113
Valuation allowance			—						(316)						(361)
Foreign tax rate differential			(13,089)						(18,544)						(9,491)
Foreign tax credit			(18,423)						(16,200)						(10,155)
Nontaxable gains			(35,265)						(34,450)						(5,317)
Income tax expense			$	42,776					$	38,570					$	23,307

Schedule of income tax expenses

As of March 31, 2023, 2022 and 2021, income tax expense was comprised of the following:

			Year ended March 31, 2023						Year ended March 31, 2022						Year ended March 31, 2021
									(recast)						(recast)
Current income tax charge
Federal			22,387						15,184						7,771
Foreign			21,406						27,381						14,040
			43,793						42,565						21,811
Deferred income tax charge
Federal			(2,606)						(2,191)						1,752
Foreign			1,589						(1,804)						(256)
			(1,017)						(3,995)						1,496
Income tax expense			$	42,776					$	38,570					$	23,307

Schedule of Income before Income Tax, Domestic and Foreign

Income before income taxes includes the following components:

			Year ended March 31, 2023						Year ended March 31, 2022						Year ended March 31, 2021
									(recast)						(recast)
United States			$	(26,383)					$	(8,012)					$	1,076
Foreign			262,321						371,705						150,729
Net income before income tax			$	235,938					$	363,693					$	151,805

X

- Definition

Tabular disclosure of the federal tax basis of investment holdings. This item captures the aggregate cost of securities, aggregate gross unrealized appreciation for all securities in which there is an excess of value over tax cost, aggregate gross unrealized depreciation for all securities in which there is an excess of tax cost over value, net unrealized appreciation (depreciation), and an explanation of the differences between tax and book.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 10
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(h)(2))
-URI https://asc.fasb.org/extlink&oid=126898976&loc=d3e600178-122990

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(1)(Note 1))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

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