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Revenues (Tables)
9 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Net Revenues by Product Category
The following tables summarize the Company's net revenues by product category and distribution channels:
 Three Months Ended December 31,Nine Months Ended December 31,
2024202320242023
Apparel$966,068 $1,016,655 $2,671,048 $2,911,669 
Footwear301,208 331,000 924,357 1,045,872 
Accessories110,432 104,510 319,358 316,305 
Net Sales1,377,708 1,452,165 3,914,763 4,273,846 
License revenues23,904 29,069 70,371 82,787 
Corporate Other(573)4,809 (1,407)13,049 
    Total net revenues$1,401,039 $1,486,043 $3,983,727 $4,369,682 


Wholesale$704,760 $711,699 $2,211,266 $2,393,382 
Direct-to-consumer672,948 740,466 1,703,497 1,880,464 
Net Sales1,377,708 1,452,165 3,914,763 4,273,846 
License revenues23,904 29,069 70,371 82,787 
Corporate Other(573)4,809 (1,407)13,049 
    Total net revenues$1,401,039 $1,486,043 $3,983,727 $4,369,682 
Schedule of Customer Refund Liability and Inventory Associated with the Reserves The following table presents the customer refund liability, as well as the associated value of inventory for the periods indicated:
As of
December 31, 2024
As of
March 31, 2024
Customer refund liability$170,344 $139,283 
Inventory associated with reserves for sales returns$39,796 $29,514 
Schedule of Change in Contract Liabilities
The following table summarizes the change in the contract liabilities balance during the nine months ended December 31, 2024, which primarily results from the timing differences between the Company's satisfaction of performance obligations and the customer's payment.
Total Contract Liabilities
Balance as of March 31, 2024$26,322 
Revenues deferred53,460 
Revenues recognized (1)
(41,072)
Foreign exchange and other(729)
Balance as of December 31, 2024$37,981 
(1) Includes approximately $7.1 million of revenue from gift cards and subscriptions that was previously included in contract liabilities as of March 31, 2024. Loyalty points are not separately identifiable and therefore revenues recognized from the redemption of loyalty points consists of both points that were included in the liability balance at the beginning of the period and those that were issued during the period.