Balance Sheet Components

12 Months Ended

Mar. 31, 2020

The following table presents the components of certain balance sheet asset amounts as of March 31, 2020 and 2019 (in thousands):



	March 31,
	2020			2019
Accounts receivable, net:
Accounts receivable	$	597,939		$	573,348
Allowance for doubtful accounts	(1,894		)	(84		)
Allowance for sales returns	(6,599		)	(6,486		)
Allowance for cooperative marketing arrangements	(38,794		)	(35,080		)
Allowance for customer incentive programs	(55,741		)	(60,036		)
Allowance for pricing programs	(100,168		)	(88,353		)
	$	394,743		$	383,309
Inventories:
Raw materials	$	56,052		$	40,970
Finished goods	173,197			252,525
	$	229,249		$	293,495
Other current assets:
Value-added tax receivables	$	33,616		$	34,321
Prepaid expenses and other assets	41,304			34,795
	$	74,920		$	69,116
Property, plant and equipment, net:
Plant, buildings and improvements	$	65,261		$	65,219
Equipment and tooling	185,760			197,540
Computer equipment	26,148			24,132
Software	56,091			62,663
	333,260			349,554
Less: accumulated depreciation and amortization	(270,387		)	(280,793		)
	62,873			68,761
Construction-in-process	10,441			7,021
Land	2,805			2,770
	$	76,119		$	78,552
Other assets:
Deferred tax assets	$	240,528		$	90,808
Right-of-use assets¹	25,557			—
Trading investments for deferred compensation plan	20,085			20,363
Investment in privately held companies	45,949			16,022
Other assets	12,900			5,260
	$	345,019		$	132,453

⁽¹⁾ Increase of balances was due to the adoption of Topic 842. Refer to Note 2 to the consolidated financial statements for more information.

The following table presents the components of certain balance sheet liability amounts as of March 31, 2020 and 2019 (in thousands):



	March 31,
	2020		2019
Accrued and other current liabilities:
Accrued personnel expenses	$	104,423	$	103,166
Accrued sales return liability	30,267		37,749
Accrued customer marketing, pricing and incentive programs	130,220		143,888
Operating lease liability¹	10,945		—
Warranty accrual	25,905		21,524
Contingent consideration	23,284		—
Other current liabilities	129,980		127,570
	$	455,024	$	433,897
Other non-current liabilities:
Warranty accrual	$	14,134	$	12,705
Obligation for deferred compensation plan	20,085		20,363
Employee benefit plan obligation	61,303		51,448
Deferred tax liability	1,931		2,050
Operating lease liability¹	19,536		—
Other non-current liabilities	2,285		7,016
	$	119,274	$	93,582

⁽¹⁾ Increase of balances was due to the adoption of Topic 842. Refer to Note 2 to the consolidated financial statements for more information.