XML 25 R34.htm IDEA: XBRL DOCUMENT v3.20.1

Income Taxes (Tables)

12 Months Ended

Mar. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of income (loss) before income taxes

Income from continuing operations before income taxes for fiscal years 2020, 2019 and 2018 is summarized as follows (in thousands):

		Years Ended March 31,
		2020				2019				2018
Swiss		$	238,303			$	212,986			$	177,935
Non-Swiss		86,023				58,147				54,330
Income before taxes		$	324,326			$	271,133			$	232,265

Schedule of provision (benefit) for income taxes

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

		Years Ended March 31,
		2020				2019				2018
Current:
Swiss		$	5,474			$	1,364			$	3,526
Non-Swiss		29,078				24,334				13,142
Deferred:
Swiss		(153,210		)		—				—
Non-Swiss		(6,739		)		(12,138		)		7,055
Provision for (benefit from) income taxes		$	(125,397	)		$	13,560			$	23,723

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 (benefit from) income taxes and the expected tax provision (tax benefit) at the statutory income tax rate of 8.5% is reconciled below (in thousands):

		Years Ended March 31,
		2020				2019				2018
Expected tax provision at statutory income tax rates		$	27,568			$	23,046			$	19,743
Income taxes at different rates		(5,592		)		(10,113		)		(9,611		)
Research and development tax credits		(4,692		)		(5,432		)		(4,124		)
Executive compensation		1,582				3,344				1,835
Stock-based compensation		(2,735		)		(7,288		)		(9,376		)
Deferred tax effects from Tax Act		—				—				22,325
Deferred tax effects from TRAF		(206,792		)		—				—
Valuation allowance		(538		)		1,891				533
Restructuring charges / (credits)		12				961				(10		)
Unrecognized tax benefits		64,683				8,269				3,627
Other, net		1,107				(1,118		)		(1,219		)
Provision for (benefit from) income taxes		$	(125,397	)		$	13,560			$	23,723

Schedule of deferred income tax assets and liabilities

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

		March 31,
		2020				2019
Deferred tax assets:
Net operating loss carryforwards		$	17,065			$	16,323
Tax credit carryforwards		56,910				52,263
Accruals		57,923				52,304
Depreciation and amortization		4,831				5,716
Tax step-up of goodwill from TRAF		151,220				—
Share-based compensation		10,947				8,703
Gross deferred tax assets		298,896				135,309
Valuation allowance		(29,171		)		(28,375		)
Gross deferred tax assets after valuation allowance		269,725				106,934
Deferred tax liabilities:
Acquired intangible assets and other		(31,128		)		(18,176		)
Gross deferred tax liabilities		(31,128		)		(18,176		)
Deferred tax assets, net		$	238,597			$	88,758

Summary of aggregate changes in gross unrecognized tax benefits

The aggregate changes in gross unrecognized tax benefits in fiscal years 2020, 2019 and 2018 were as follows (in thousands). Fiscal year 2020 includes gross unrecognized tax benefits recorded as a result of the enactment of TRAF in Switzerland:

March 31, 2017		$	63,667
Lapse of statute of limitations		(7,505		)
Decreases in balances related to tax positions taken during prior years		(704		)
Increases in balances related to tax positions taken during the year		13,673
March 31, 2018		$	69,131
Lapse of statute of limitations		(2,511		)
Decreases in balances related to tax positions taken during prior years		(1,550		)
Increases in balances related to tax positions taken during the year		11,479
March 31, 2019		$	76,549
Lapse of statute of limitations		(3,501		)
Decreases in balances related to tax positions taken during prior years		(679		)
Increases in balances related to tax positions taken during the year		71,128
March 31, 2020		$	143,497

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h)(1)(i))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 55
-Paragraph 217
-URI http://asc.fasb.org/extlink&oid=117331294&loc=d3e36027-109320

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15A
-URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration