Balance Sheet Components

3 Months Ended

Jun. 30, 2024

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


	June 30, 2024		March 31, 2024
Accounts receivable, net:
Accounts receivable	$	814,127	$	744,836

Allowance for sales returns	(12,212)		(10,180)
Allowance for cooperative marketing arrangements	(45,590)		(41,634)
Allowance for customer incentive programs	(67,324)		(60,027)
Allowance for pricing programs	(97,750)		(91,280)
	$	591,251	$	541,715
Inventories:
Raw materials	$	54,113	$	65,209
Finished goods	405,469		357,304
	$	459,582	$	422,513
Other current assets:
Value-added tax ("VAT") receivables	$	34,551	$	41,172
Prepaid expenses and other assets	106,862		105,098
	$	141,413	$	146,270
Property, plant and equipment, net:
Property, plant and equipment	$	511,096	$	503,882
Less: accumulated depreciation and amortization	(397,831)		(387,293)
	$	113,265	$	116,589
Other assets:
Deferred tax assets	$	215,504	$	224,831
Right-of-use assets	61,846		61,163
Investments for deferred compensation plan	30,887		29,174
Investments in privately held companies	28,292		28,662
Other assets	7,003		6,364
	$	343,532	$	350,194

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


	June 30, 2024		March 31, 2024
Accrued and other current liabilities:
Accrued customer marketing, pricing and incentive programs	$	166,516	$	170,371
Accrued personnel expenses	112,249		145,473
Warranty liabilities	30,476		30,270
Accrued sales return liability	29,920		30,098
Accrued loss for inventory purchase commitments	26,208		29,349
Income taxes payable	25,482		24,196
VAT payable	21,958		28,253


Deferred revenue (1)	21,127		19,262
Operating lease liabilities	15,009		15,107


Other current liabilities	137,235		144,883
	$	586,180	$	637,262
Other non-current liabilities:
Operating lease liabilities	$	62,886	$	61,920
Employee benefit plan obligations	42,091		42,707
Obligation for deferred compensation plan	30,887		29,174
Deferred revenue (1)	25,883		21,097
Warranty liabilities	14,026		14,384
Deferred tax liabilities	708		705

Other non-current liabilities	2,640		2,603
	$	179,121	$	172,590

(1) Includes deferred revenue for post-contract customer support and other services.