Balance Sheet Components (Tables)

12 Months Ended

Mar. 31, 2022

The following table presents the components of certain balance sheet asset amounts as of March 31, 2022 and 2021 (in thousands):


	March 31,
	2022		2021
Accounts receivable, net:
Accounts receivable	$	964,766	$	867,868
Allowance for doubtful accounts	(2,212)		(1,161)
Allowance for sales returns	(12,321)		(14,438)
Allowance for cooperative marketing arrangements	(56,372)		(43,276)
Allowance for customer incentive programs	(97,460)		(76,200)
Allowance for pricing programs	(120,797)		(120,568)
	$	675,604	$	612,225
Inventories:
Raw materials	$	226,155	$	146,886
Finished goods	706,969		514,230
	$	933,124	$	661,116
Other current assets:
VAT receivables	$	58,850	$	67,710
Prepaid expenses and other assets	76,628		67,940
	$	135,478	$	135,650
Property, plant and equipment, net:
Plant, buildings and improvements	$	68,477	$	66,055
Equipment and tooling	268,164		244,962
Computer equipment	31,562		27,869
Software	72,391		56,087
	440,594		394,973
Less: accumulated depreciation and amortization	(349,606)		(303,460)
	90,988		91,513
Construction-in-process	15,915		19,637
Land	2,904		2,910
	$	109,807	$	114,060
Other assets:
Deferred tax assets	$	193,629	$	210,888
Right-of-use assets	40,661		31,169
Investments for deferred compensation plan	28,431		24,809
Investments in privately held companies	43,068		43,402
Other assets	14,933		13,980
	$	320,722	$	324,248

The following table presents the components of certain balance sheet liability amounts as of March 31, 2022 and 2021 (in thousands):


	March 31,
	2022		2021
Accrued and other current liabilities:
Accrued customer marketing, pricing and incentive programs	$	232,393	$	185,394
Accrued personnel expenses	165,090		173,360
Accrued sales return liability	40,507		43,178
VAT payable	39,602		50,620
Income taxes payable	35,355		131,408
Warranty accrual	32,987		33,228
Accrued payables - non-inventory	26,722		52,392
Operating lease liabilities	13,690		13,101
Contingent consideration	8,042		6,967
Other current liabilities	190,460		168,969
	$	784,848	$	858,617
Other non-current liabilities:
Employee benefit plan obligations	$	50,741	$	72,321
Obligation for deferred compensation plan	28,431		24,809
Operating lease liabilities	28,207		21,319
Warranty accrual	13,232		15,604
Contingent consideration	4,217		—
Deferred tax liabilities	1,962		1,679
Other non-current liabilities	5,343		3,770
	$	132,133	$	139,502