XML 20 R3.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]      
Net sales $ 4,538,818 $ 5,481,101 $ 5,252,279
Cost of goods sold 2,806,438 3,204,072 2,903,215
Amortization of intangible assets 12,865 14,023 13,329
Gross profit 1,719,515 2,263,006 2,335,735
Operating expenses:      
Marketing and selling 809,182 1,025,899 770,284
Research and development 280,796 291,844 226,023
General and administrative 124,652 148,648 166,577
Amortization of intangible assets and acquisition-related costs 11,843 16,947 19,064
Impairment of intangible assets 0 7,000 0
Change in fair value of contingent consideration for business acquisition 0 (3,509) 5,716
Restructuring charges (credits), net 34,573 2,165 (54)
Total operating expenses 1,261,046 1,488,994 1,187,610
Operating income 458,469 774,012 1,148,125
Interest income 18,331 1,246 1,784
Other income (expense), net (13,278) 560 (1,789)
Income before income taxes 463,522 775,818 1,148,120
Provision for income taxes 98,947 131,305 200,863
Net income $ 364,575 $ 644,513 $ 947,257
Net income per share:      
Basic (in dollars per share) $ 2.25 $ 3.85 $ 5.62
Diluted (in dollars per share) $ 2.23 $ 3.78 $ 5.51
Weighted average shares used to compute net income per share:      
Basic (in shares) 162,302 167,447 168,523
Diluted (in shares) 163,704 170,414 171,775