Balance Sheet Components

9 Months Ended

Dec. 31, 2020

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


	December 31, 2020		March 31, 2020
Accounts receivable, net:
Accounts receivable	$	1,196,050	$	597,939
Allowance for doubtful accounts	(1,328)		(1,894)
Allowance for sales returns	(14,665)		(6,599)
Allowance for cooperative marketing arrangements	(53,387)		(38,794)
Allowance for customer incentive programs	(91,863)		(55,741)
Allowance for pricing programs	(139,870)		(100,168)
	$	894,937	$	394,743
Inventories:
Raw materials	$	94,748	$	56,052
Finished goods	382,054		173,197
	$	476,802	$	229,249
Other current assets:
Value-added tax receivables	$	60,746	$	33,616
Prepaid expenses and other assets	56,995		41,304
	$	117,741	$	74,920
Property, plant and equipment, net:
Property, plant and equipment at cost	$	392,478	$	346,506
Accumulated depreciation and amortization	(295,795)		(270,387)
	$	96,683	$	76,119
Other assets:
Deferred tax assets	$	219,145	$	240,528
Right-of-use assets	31,532		25,557
Trading investments for deferred compensation plan	24,056		20,085
Investments in privately held companies	44,634		45,949
Other assets	14,366		12,900
	$	333,733	$	345,019

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


	December 31, 2020		March 31, 2020
Accrued and other current liabilities:
Accrued personnel expenses	$	138,735	$	104,423
Accrued sales return liability	33,540		30,267
Accrued customer marketing, pricing and incentive programs	163,335		130,220
Operating lease liability	12,620		10,945
Accrued freight and duty	43,477		13,284
Warranty accrual	32,128		25,905

Income taxes payable	81,547		8,823
Contingent consideration	537		23,284
Other current liabilities	198,654		107,873
	$	704,573	$	455,024
Other non-current liabilities:
Warranty accrual	$	15,464	$	14,134
Obligation for deferred compensation plan	24,056		20,085
Employee benefit plan obligations	66,420		61,303
Operating lease liability	22,537		19,536
Deferred tax liability	1,931		1,931
Other non-current liabilities	3,613		2,285
	$	134,021	$	119,274