Balance Sheet Components

9 Months Ended

Dec. 31, 2022

Balance Sheet Related Disclosures [Abstract]

The following table presents the components of certain balance sheet asset amounts (in thousands):


	December 31, 2022		March 31, 2022
Accounts receivable, net:
Accounts receivable	$	1,121,377	$	964,766
Allowance for doubtful accounts	—		(2,212)
Allowance for sales returns	(14,021)		(12,321)
Allowance for cooperative marketing arrangements	(62,734)		(56,372)
Allowance for customer incentive programs	(114,160)		(97,460)
Allowance for pricing programs	(128,027)		(120,797)
	$	802,435	$	675,604
Inventories:
Raw materials	$	202,798	$	226,155
Finished goods	594,897		706,969
	$	797,695	$	933,124
Other current assets:
Value-added tax ("VAT") receivables	$	51,681	$	58,850
Prepaid expenses and other assets	73,407		76,628
	$	125,088	$	135,478
Property, plant and equipment, net:
Property, plant and equipment	$	496,830	$	459,413
Less: accumulated depreciation and amortization	(378,647)		(349,606)
	$	118,183	$	109,807
Other assets:
Deferred tax assets	$	190,558	$	193,629
Investments in privately held companies	32,600		43,068
Right-of-use assets	69,953		40,661
Investments for deferred compensation plan	27,665		28,431
Other assets	15,103		14,933
	$	335,879	$	320,722

The following table presents the components of certain balance sheet liability amounts (in thousands):


	December 31, 2022		March 31, 2022
Accrued and other current liabilities:
Accrued customer marketing, pricing and incentive programs	$	238,518	$	232,393
Accrued personnel expenses	113,486		165,090
Accrued sales return liability	42,743		40,507
Warranty accrual	29,999		32,987
VAT payable	34,149		39,602
Income taxes payable	17,839		35,355

Accrued payables - non-inventory	18,398		26,722
Operating lease liabilities	11,577		13,690

Contingent consideration	6,368		8,042
Other current liabilities	192,492		190,460
	$	705,569	$	784,848
Other non-current liabilities:
Employee benefit plan obligations	$	49,082	$	50,741
Operating lease liabilities	61,414		28,207
Obligation for deferred compensation plan	27,665		28,431
Warranty accrual	12,632		13,232
Deferred tax liabilities	3,500		1,962
Contingent consideration	245		4,217
Other non-current liabilities	11,377		5,343
	$	165,915	$	132,133

The Company recorded approximately $43.0 million right-of-use assets and operating lease liabilities during the nine months ended December 31, 2022, primarily related to newly commenced operating leases for office spaces in the Americas and EMEA regions.