Balance Sheet Components (Tables)

12 Months Ended

Mar. 31, 2024

The following table presents the components of certain balance sheet asset amounts as of March 31, 2024 and 2023 (in thousands):


	March 31,
	2024		2023
Accounts receivable, net:
Accounts receivable	$	744,836	$	851,576
Allowance for doubtful accounts	—		(86)
Allowance for sales returns	(10,180)		(10,146)
Allowance for cooperative marketing arrangements	(41,634)		(40,495)
Allowance for customer incentive programs	(60,027)		(71,645)
Allowance for pricing programs	(91,280)		(98,822)
	$	541,715	$	630,382
Inventories:
Raw materials	$	65,209	$	171,790
Finished goods	357,304		511,103
	$	422,513	$	682,893
Other current assets:
VAT receivables	$	41,172	$	60,343
Prepaid expenses and other assets	105,098		82,533
	$	146,270	$	142,876
Property, plant and equipment, net:
Plant, buildings and improvements	$	84,189	$	69,360
Equipment and tooling	296,857		309,151
Computer equipment	26,785		31,535
Software	86,161		79,118
	493,992		489,164
Less: accumulated depreciation and amortization	(387,293)		(396,855)
	106,699		92,309
Construction-in-process	7,180		26,399
Land	2,710		2,795
	$	116,589	$	121,503
Other assets:
Deferred tax assets	$	224,831	$	171,989
Right-of-use assets	61,163		67,330
Investments in privately held companies	28,662		33,323
Investments for deferred compensation plan	29,174		28,213
Other assets	6,364		15,438
	$	350,194	$	316,293

The following table presents the components of certain balance sheet liability amounts as of March 31, 2024 and 2023 (in thousands):


	March 31,
	2024		2023
Accrued and other current liabilities:
Accrued customer marketing, pricing and incentive programs	$	170,371	$	206,546
Accrued personnel expenses	145,473		103,592
Accrued sales return liability	30,098		49,462
Accrued loss for inventory purchase commitments	29,349		46,608
VAT payable	28,253		33,328
Warranty liabilities	30,270		28,861
Income taxes payable	24,196		18,788
Deferred revenue (1)	19,262		11,017
Operating lease liabilities	15,107		12,655
Contingent consideration	1,215		6,629
Other current liabilities	143,668		125,653
	$	637,262	$	643,139
Other non-current liabilities:
Operating lease liabilities	$	61,920	$	58,361
Employee benefit plan obligations	42,707		32,421
Obligation for deferred compensation plan	29,174		28,213
Deferred revenue (1)	21,097		8,277
Warranty liabilities	14,384		12,025
Deferred tax liabilities	705		2,803

Other non-current liabilities	2,603		4,595
	$	172,590	$	146,695

(1) Includes deferred revenue for PCS and other services.