Balance Sheet Components

9 Months Ended

Dec. 31, 2024

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


	December 31, 2024		March 31, 2024
Accounts receivable, net:
Accounts receivable	$	966,878	$	744,836

Allowance for cooperative marketing arrangements	(52,861)		(41,634)
Allowance for customer incentive programs	(109,599)		(60,027)
Allowance for pricing programs	(125,627)		(91,280)
Other allowances	(30,561)		(10,180)
	$	648,230	$	541,715
Inventories:
Raw materials	$	43,106	$	65,209
Finished goods	440,463		357,304
	$	483,569	$	422,513
Other current assets:
Value-added tax ("VAT") receivables	$	55,625	$	41,172
Prepaid expenses and other assets	83,898		105,098
	$	139,523	$	146,270
Property, plant and equipment, net:
Property, plant and equipment	$	524,347	$	503,882
Less: accumulated depreciation and amortization	(414,800)		(387,293)
	$	109,547	$	116,589
Other assets:
Deferred tax assets	$	213,986	$	224,831
Right-of-use assets	77,044		61,163
Investments for deferred compensation plan	31,037		29,174
Investments in privately held companies	28,092		28,662
Other assets	7,356		6,364
	$	357,515	$	350,194

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


	December 31, 2024		March 31, 2024
Accrued and other current liabilities:
Accrued customer marketing, pricing and incentive programs	$	186,803	$	170,371
Accrued personnel expenses	163,688		145,473
Income taxes payable	63,264		24,196
VAT payable	35,625		28,253
Warranty liabilities	33,755		30,270
Accrued sales return liability	28,397		30,098
Deferred revenue (1)	25,911		19,262
Accrued loss for inventory purchase commitments	18,783		29,349


Operating lease liabilities	16,044		15,107


Other current liabilities	142,997		144,883
	$	715,267	$	637,262
Other non-current liabilities:
Operating lease liabilities	$	78,829	$	61,920
Employee benefit plan obligations	40,834		42,707
Deferred revenue (1)	35,492		21,097
Obligation for deferred compensation plan	31,037		29,174
Warranty liabilities	15,306		14,384
Deferred tax liabilities	682		705

Other non-current liabilities	2,847		2,603
	$	205,027	$	172,590

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