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INCOME TAXES (Tables)

12 Months Ended

Mar. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of deferred tax assets and liabilities

As of March 31, 2024 and March 31, 2023, deferred tax assets and liabilities of the Company were comprised of the following:

			Year ended March 31, 2024						Year ended March 31, 2023
Deferred tax assets:
Revaluation on trading securities			$	454					$	—
Tax losses carryforward			3,809						1,548
Accrued liabilities			—						933
Provision for impairment losses			8,210						2,079
Deferred tax assets			$	12,473					$	4,560
Deferred tax liabilities:
Revaluation on trading securities			$	1,447					$	29
Fixed and Intangible Assets			7,535						2,457
Other liabilities			335						326
Deferred tax liabilities			$	9,317					$	2,812
Net deferred tax assets			$	3,222					$	2,442
Net deferred tax liabilities			$	66					$	694

Schedule of federal income taxes

The reconciliation 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, 2024						Year ended March 31, 2023						Year ended March 31, 2022
Income before income tax at 21%			$	91,428					$	49,547					$	76,376
Global intangible low taxed income			60,323						39,139						31,194
Permanent differences			58,872						14,096						(2,567)
Subpart F Income			6,887						4,732						—
Stock based compensation			4,601						2,039						3,090
Provision for impairment losses			—						—						(13)
Valuation allowance			—						—						(316)
Foreign tax rate differential			(17,665)						(13,089)						(18,544)
Foreign tax credit			(14,915)						(18,423)						(16,200)
Nontaxable gains			(129,112)						(35,265)						(34,450)
Income tax expense			$	60,419					$	42,776					$	38,570

Schedule of income tax expenses

As of March 31, 2024 and 2023, income tax expense was comprised of the following:

			Year ended March 31, 2024						Year ended March 31, 2023						Year ended March 31, 2022
Current income tax charge
Federal			34,623						22,387						15,184
Foreign			24,573						21,406						27,381
			59,196						43,793						42,565
Deferred income tax charge
Federal			3,695						(2,606)						(2,191)
Foreign			(2,472)						1,589						(1,804)
			1,223						(1,017)						(3,995)
Income tax expense			$	60,419					$	42,776					$	38,570

Schedule of Income before Income Tax, Domestic and Foreign

Income before income taxes includes the following components:

			Year ended March 31, 2024						Year ended March 31, 2023						Year ended March 31, 2022
United States			$	(66,053)					$	(26,383)					$	(8,012)
Foreign			501,424						262,321						371,705
Net income before income tax			$	435,371					$	235,938					$	363,693

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
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479886/946-10-S99-3

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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
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-2

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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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-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 12
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-12

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- Definition

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

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(1)(Note 1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

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