XML 35 R24.htm IDEA: XBRL DOCUMENT v3.25.3
Commitments and Contingencies
 6 Months Ended
Sep. 30, 2025
Commitments and Contingencies [Abstract]  
Commitments and Contingencies
17. Commitments and Contingencies
 
Warranty Returns
 
The Company allows its customers to return goods that their consumers have returned to them, whether or not the returned item is defective (“warranty returns”). The Company accrues an estimate of its exposure to warranty returns based on a historical analysis of the level of this type of return as a percentage of unit sales. Amounts charged to expense for these warranty returns are considered in arriving at the Company’s net sales.
 
The following summarizes the changes in the warranty returns:
 
                     
  Three Months Ended Six Months Ended
 
 September 30,  
 September 30,  
     2025      2024      2025      2024  
Balance at beginning of period
 $18,131,000   $15,046,000   $19,677,000   $19,326,000 
Charged to expense
  44,313,000    41,744,000    82,766,000    75,096,000 
Amounts processed
  (44,684,000)    (40,141,000)    (84,683,000)    (77,773,000) 
Balance at end of period
 $17,760,000   $16,649,000   $17,760,000   $16,649,000 
 
At September 30, 2025 and March 31, 2025, the Company’s total warranty return accrual was $17,760,000 and $19,677,000, respectively, of which $8,015,000 and $6,478,000, respectively, was included in the customer returns RGA issued within accounts receivable—net and $9,745,000 and $13,199,000, respectively, was included in the customer finished goods returns accrual in the condensed consolidated balance sheets.
Contingencies
 
The Company is subject to various lawsuits and claims. In addition, government agencies and self-regulatory organizations have the ability to conduct periodic examinations of and administrative proceedings regarding the Company’s business, and its compliance with law, code, and regulations related to matters including, but not limited to, environmental, information security, taxes, levies, tariffs and such. The Company has an immaterial amount accrued related to these exposures to various lawsuits, claims, examinations, and administrative proceedings.