Balance Sheet Components (Tables)

12 Months Ended

Mar. 31, 2023

The following table presents the components of certain balance sheet asset amounts as of March 31, 2023 and 2022 (in thousands):


	March 31,
	2023		2022
Accounts receivable, net:
Accounts receivable	$	851,576	$	964,766
Allowance for doubtful accounts	(86)		(2,212)
Allowance for sales returns	(10,146)		(12,321)
Allowance for cooperative marketing arrangements	(40,495)		(56,372)
Allowance for customer incentive programs	(71,645)		(97,460)
Allowance for pricing programs	(98,822)		(120,797)
	$	630,382	$	675,604
Inventories:
Raw materials	$	171,790	$	226,155
Finished goods	511,103		706,969
	$	682,893	$	933,124
Other current assets:
VAT receivables	$	60,343	$	58,850
Prepaid expenses and other assets	82,533		76,628
	$	142,876	$	135,478
Property, plant and equipment, net:
Plant, buildings and improvements	$	69,360	$	68,477
Equipment and tooling	309,151		268,164
Computer equipment	31,535		31,562
Software	79,118		72,391
	489,164		440,594
Less: accumulated depreciation and amortization	(396,855)		(349,606)
	92,309		90,988
Construction-in-process	26,399		15,915
Land	2,795		2,904
	$	121,503	$	109,807
Other assets:
Deferred tax assets	$	171,989	$	193,629
Right-of-use assets	67,330		40,661
Investments in privately held companies	33,323		43,068
Investments for deferred compensation plan	28,213		28,431
Other assets	15,438		14,933
	$	316,293	$	320,722

The following table presents the components of certain balance sheet liability amounts as of March 31, 2023 and 2022 (in thousands):


	March 31,
	2023		2022
Accrued and other current liabilities:
Accrued customer marketing, pricing and incentive programs	$	206,546	$	232,393
Accrued personnel expenses	103,592		165,090
Accrued sales return liability	49,462		40,507
Accrued loss for inventory purchase commitments	46,608		46,361
VAT payable	33,328		39,602
Warranty liabilities	28,861		32,987
Income taxes payable	18,788		35,355
Operating lease liabilities	12,655		13,690
Contingent consideration	6,629		8,042
Other current liabilities	136,670		170,821
	$	643,139	$	784,848
Other non-current liabilities:
Operating lease liabilities	$	58,361	$	28,207
Employee benefit plan obligations	32,421		50,741
Obligation for deferred compensation plan	28,213		28,431
Warranty liabilities	12,025		13,232
Deferred tax liabilities	2,803		1,962
Contingent consideration	—		4,217
Other non-current liabilities	12,872		5,343
	$	146,695	$	132,133