Balance Sheet Components (Tables)

12 Months Ended

Mar. 31, 2025

The following table presents the components of certain balance sheet asset amounts as of March 31, 2025 and 2024 (in thousands):


	March 31,
	2025		2024
Accounts receivable, net:
Accounts receivable	$	708,693	$	744,836

Allowance for cooperative marketing arrangements	(44,457)		(41,634)
Allowance for customer incentive programs	(66,564)		(60,027)
Allowance for pricing programs	(105,876)		(91,280)
Other allowances	(37,250)		(10,180)
	$	454,546	$	541,715
Inventories:
Raw materials	$	48,699	$	65,209
Finished goods	455,048		357,304
	$	503,747	$	422,513
Other current assets:
VAT receivables	$	46,332	$	41,172
Prepaid expenses and other assets	84,879		105,098
	$	131,211	$	146,270
Property, plant and equipment, net:
Plant, buildings and improvements	$	88,041	$	84,189
Equipment and tooling	324,007		296,857
Computer equipment	26,881		26,785
Software	95,829		86,161
	534,758		493,992
Less: accumulated depreciation and amortization	(429,889)		(387,293)
	104,869		106,699
Construction-in-process	6,337		7,180
Land	2,652		2,710
	$	113,858	$	116,589
Other assets:
Deferred tax assets	$	202,180	$	224,831
Right-of-use assets	75,239		61,163
Investments for deferred compensation plan	29,006		29,174
Investments in privately held companies	27,980		28,662
Other assets	9,672		6,364
	$	344,077	$	350,194

The following table presents the components of certain balance sheet liability amounts as of March 31, 2025 and 2024 (in thousands):


	March 31,
	2025		2024
Accrued and other current liabilities:
Accrued personnel expenses	$	180,763	$	145,473
Accrued customer marketing, pricing and incentive programs	173,401		170,371
Warranty liabilities	34,428		30,270
Income taxes payable	26,841		24,196
VAT payable	29,648		28,253
Accrued sales return liability	27,913		30,098
Deferred revenue (1)	25,798		19,262
Accrued loss for inventory purchase commitments	19,614		29,349
Operating lease liabilities	15,780		15,107
Other current liabilities	152,317		144,883
	$	686,503	$	637,262
Other non-current liabilities:
Operating lease liabilities	$	76,622	$	61,920
Employee benefit plan obligations	57,338		42,707
Deferred revenue (1)	38,216		21,097
Obligation for deferred compensation plan	29,006		29,174
Warranty liabilities	14,756		14,384
Deferred tax liabilities	658		705

Other non-current liabilities	4,916		2,603
	$	221,512	$	172,590

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