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Description of Business and Basis of Presentation (Tables)

9 Months Ended

Dec. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Error Corrections and Prior Period Adjustments

Condensed Consolidated Statements of Operations

			Three Months Ended December 31, 2023																		Nine Months Ended December 31, 2023
(in thousands)			As Previously Reported						Adjustment						As Revised						As Previously Reported						Adjustment						As Revised
Net revenues			$	1,486,095					$	(52)					$	1,486,043					$	4,369,817					$	(135)					$	4,369,682
Cost of goods sold			814,914						490						815,404						2,338,905						120						2,339,025
Gross profit			671,181						(542)						670,639						2,030,912						(255)						2,030,657
Selling, general and administrative expenses			601,661						(2,431)						599,230						1,794,703						2,649						1,797,352
Income (loss) from operations			69,520						1,889						71,409						236,209						(2,904)						233,305
Interest income (expense), net			(211)						—						(211)						(2,210)						—						(2,210)
Other income (expense), net			49,636						(1,709)						47,927						36,822						(1,059)						35,763
Income (loss) before income taxes			118,945						180						119,125						270,821						(3,963)						266,858
Income tax expense (benefit)			4,999						3,570						8,569						38,464						2,869						41,333
Income (loss) from equity method investments			197						—						197						(51)						—						(51)
Net income (loss)			$	114,143					$	(3,390)					$	110,753					$	232,306					$	(6,832)					$	225,474
Basic net income (loss) per share			$	0.26					$	(0.01)					$	0.25					$	0.53					$	(0.02)					$	0.51
Diluted net income (loss) per share			$	0.26					$	(0.01)					$	0.25					$	0.52					$	(0.02)					$	0.50

Condensed Consolidated Statements of Cash Flows

			Nine Months Ended December 31, 2023
(in thousands)			As Previously Reported						Adjustment						As Revised
Cash flows from operating activities
Net income (loss)			$	232,306					$	(6,832)					$	225,474
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Depreciation and amortization			106,685						(4,572)						102,113
Unrealized foreign currency exchange rate (gain) loss			(904)						—						(904)
Loss on disposal of property and equipment			746						—						746
Amortization of bond premium and debt issuance costs			1,565						—						1,565
Stock-based compensation			33,163						—						33,163
Deferred income taxes			(24,430)						—						(24,430)
Changes in reserves and allowances			25,085						—						25,085
Changes in operating assets and liabilities:
Accounts receivable			55,912						2,132						58,044
Inventories			71,400						1,178						72,578
Prepaid expenses and other assets			(45,363)						(10,898)						(56,261)
Other non-current assets			42,149						(4,655)						37,494
Accounts payable			31,470						630						32,100
Accrued expenses and other liabilities			(42,630)						3,893						(38,737)
Customer refund liability			80						—						80
Income taxes payable and receivable			5,884						2,869						8,753
Net cash provided by (used in) operating activities			493,118						(16,255)						476,863
Cash flows from investing activities
Purchases of property and equipment			(132,796)						16,255						(116,541)
Sale of MyFitnessPal platform			45,000						—						45,000
Net cash provided by (used in) investing activities			(87,796)						16,255						(71,541)
Cash flows from financing activities
Net cash provided by (used in) financing activities			(74,985)						—						(74,985)
Effect of exchange rate changes on cash, cash equivalents and restricted cash			136						—						136
Net increase (decrease) in cash, cash equivalents and restricted cash			330,473						—						330,473
Cash, cash equivalents and restricted cash
Beginning of period			727,726						(981)						726,745
End of period			$	1,058,199					$	(981)					$	1,057,218

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- Definition

Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-7

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

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