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Income Taxes (Tables)

12 Months Ended

Mar. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of income (loss) before income taxes

Income from continuing operations before income taxes for the fiscal years 2017, 2016 and 2015 is summarized as follows (in thousands):

		Years Ended March 31,
		2017				2016				2015
Swiss		$	161,544			$	80,572			$	119,460
Non-Swiss		53,445				50,900				33,623
Income before taxes		$	214,989			$	131,472			$	153,083

Schedule of provision (benefit) for income taxes

The provision for (benefit from) income taxes is summarized as follows (in thousands):

		Years Ended March 31,
		2017				2016				2015
Current:
Swiss		$	1,934			$	1,668			$	1,152
Non-Swiss		9,774				(2,582		)		579
Deferred:
Non-Swiss		(2,595		)		4,024				2,923
Provision for income taxes		$	9,113			$	3,110			$	4,654

Schedule of difference between the provision (benefit) for income taxes and expected tax provision (benefit) at the statutory income tax rate

The difference between the provision for income taxes and the expected tax provision at the statutory income tax rate of 8.5% is reconciled below (in thousands):

		Years Ended March 31,
		2017				2016				2015
Expected tax provision at statutory income tax rates		$	18,274			$	11,175			$	13,012
Income taxes at different rates		(5,247		)		(2,713		)		(4,299		)
Research and development tax credits		(2,309		)		(1,619		)		(1,120		)
Executive compensation		654				864				1,557
Stock-based compensation		1,794				1,446				2,261
Valuation allowance		1,024				947				764
Restructuring charges / (credits)		2				1,514				(415		)
Tax reserves (releases), net		(5,570		)		(8,761		)		(6,912		)
Audit settlement		—				—				(837		)
Other, net		491				257				643
Provision for income taxes		$	9,113			$	3,110			$	4,654

Schedule of deferred income tax assets and liabilities

Deferred income tax assets and liabilities consist of the following (in thousands):

		March 31,
		2017				2016
Deferred tax assets:
Net operating loss carryforwards		$	4,306			$	7,136
Tax credit carryforwards		5,825				2,981
Accruals		41,570				36,365
Depreciation and amortization		2,860				4,059
Share-based compensation		11,846				12,890
Gross deferred tax assets		66,407				63,431
Valuation allowance		(6,626		)		(5,338		)
Gross deferred tax assets after valuation allowance		59,781				58,093
Deferred tax liabilities:
Acquired intangible assets and other		(4,267		)		(3,550		)
Gross deferred tax liabilities		(4,267		)		(3,550		)
Deferred tax assets, net		$	55,514			$	54,543

Summary of aggregate changes in gross unrecognized tax benefits

The aggregate changes in gross unrecognized tax benefits in fiscal years 2017, 2016 and 2015 were as follows (in thousands):

March 31, 2014		$	91,046
Lapse of statute of limitations		(14,071		)
Settlements with tax authorities		(2,160		)
Decreases in balances related to tax positions taken during prior years		(3,544		)
Increases in balances related to tax positions taken during the year		7,752
March 31, 2015		$	79,023
Lapse of statute of limitations		(15,518		)
Settlements with tax authorities		—
Decreases in balances related to tax positions taken during prior years		(1,502		)
Increases in balances related to tax positions taken during the year		7,876
March 31, 2016		$	69,879
Lapse of statute of limitations		(14,161		)
Settlements with tax authorities		—
Decreases in balances related to tax positions taken during prior years		(1,610		)
Increases in balances related to tax positions taken during the year		9,559
March 31, 2017		$	63,667

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
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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.

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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.

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

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-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
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Tabular disclosure of the change in unrecognized tax benefits.

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-SubTopic 10
-Section 55
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-URI http://asc.fasb.org/extlink&oid=75116239&loc=d3e36027-109320

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