Balance Sheet Components (Tables)

9 Months Ended

Dec. 31, 2023

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


	December 31, 2023		March 31, 2023
Accounts receivable, net:
Accounts receivable	$	970,549	$	851,576
Allowance for doubtful accounts	—		(86)
Allowance for sales returns	(12,487)		(10,146)
Allowance for cooperative marketing arrangements	(47,165)		(40,495)
Allowance for customer incentive programs	(97,497)		(71,645)
Allowance for pricing programs	(127,623)		(98,822)
	$	685,777	$	630,382
Inventories:
Raw materials	$	71,969	$	171,790
Finished goods	375,293		511,103
	$	447,262	$	682,893
Other current assets:
Value-added tax ("VAT") receivables	$	55,920	$	60,343
Prepaid expenses and other assets	94,834		82,533
	$	150,754	$	142,876
Property, plant and equipment, net:
Property, plant and equipment	$	497,994	$	518,358
Less: accumulated depreciation and amortization	(378,794)		(396,855)
	$	119,200	$	121,503
Other assets:
Deferred tax assets	$	197,460	$	171,989
Right-of-use assets	61,721		67,330
Investments in privately held companies	30,991		33,323
Investments for deferred compensation plan	29,905		28,213
Other assets	6,517		15,438
	$	326,594	$	316,293

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


	December 31, 2023		March 31, 2023
Accrued and other current liabilities:
Accrued customer marketing, pricing and incentive programs	$	193,216	$	206,546
Accrued personnel expenses	142,936		103,592
Accrued loss for inventory purchase commitments	33,772		46,608
Accrued sales return liability	33,527		49,462
Warranty liabilities	28,784		28,861
VAT payable	37,748		33,328
Income taxes payable	28,136		18,788


Operating lease liabilities	14,915		12,655

Contingent consideration	1,809		6,629
Other current liabilities	158,592		136,670
	$	673,435	$	643,139
Other non-current liabilities:
Operating lease liabilities	$	62,800	$	58,361
Employee benefit plan obligations	32,212		32,421
Obligation for deferred compensation plan	29,905		28,213
Warranty liabilities	12,993		12,025
Deferred tax liabilities	2,529		2,803

Other non-current liabilities	16,052		12,872
	$	156,491	$	146,695