Balance Sheet Components

12 Months Ended

Mar. 31, 2021

The following table presents the components of certain balance sheet asset amounts as of March 31, 2021 and 2020 (in thousands):


	March 31,
	2021		2020
Accounts receivable, net:
Accounts receivable	$	867,868	$	597,939
Allowance for doubtful accounts	(1,161)		(1,894)
Allowance for sales returns	(14,438)		(6,599)
Allowance for cooperative marketing arrangements	(43,276)		(38,794)
Allowance for customer incentive programs	(76,200)		(55,741)
Allowance for pricing programs	(120,568)		(100,168)
	$	612,225	$	394,743
Inventories:
Raw materials	$	146,886	$	56,052
Finished goods	514,230		173,197
	$	661,116	$	229,249
Other current assets:
Value-added tax receivables	$	67,710	$	33,616
Prepaid expenses and other assets	67,940		41,304
	$	135,650	$	74,920
Property, plant and equipment, net:
Plant, buildings and improvements	$	66,055	$	65,261
Equipment and tooling	244,962		185,760
Computer equipment	27,869		26,148
Software	56,087		56,091
	394,973		333,260
Less: accumulated depreciation and amortization	(303,460)		(270,387)
	91,513		62,873
Construction-in-process	19,637		10,441
Land	2,910		2,805
	$	114,060	$	76,119
Other assets:
Deferred tax assets	$	210,888	$	240,528
Right-of-use assets	31,169		25,557
Trading investments for deferred compensation plan	24,809		20,085
Investment in privately held companies	43,402		45,949
Other assets	13,980		12,900
	$	324,248	$	345,019

The following table presents the components of certain balance sheet liability amounts as of March 31, 2021 and 2020 (in thousands):


	March 31,
	2021		2020
Accrued and other current liabilities:
Accrued customer marketing, pricing and incentive programs	$	185,394	$	130,220
Accrued personnel expenses	173,360		104,423
Income taxes payable - current	131,408		8,823
Accrued payables - non-inventory	52,392		11,548
VAT payable	50,620		12,757
Accrued sales return liability	43,178		30,267
Warranty accrual	33,228		25,905
Operating lease liability	13,101		10,945
Contingent consideration	6,967		23,284
Other current liabilities	168,969		96,852
	$	858,617	$	455,024
Other non-current liabilities:
Employee benefit plan obligation	$	72,321	$	61,303
Obligation for deferred compensation plan	24,809		20,085
Operating lease liability	21,319		19,536
Warranty accrual	15,604		14,134
Deferred tax liability	1,679		1,931
Other non-current liabilities	3,770		2,285
	$	139,502	$	119,274