Balance Sheet Components (Tables)

3 Months Ended

Jun. 30, 2025

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


	June 30, 2025		March 31, 2025
Accounts receivable, net:
Accounts receivable	$	920,172	$	708,693

Allowance for cooperative marketing arrangements	(45,679)		(44,457)
Allowance for customer incentive programs	(77,367)		(66,564)
Allowance for pricing programs	(120,165)		(105,876)
Other allowances	(40,438)		(37,250)
	$	636,523	$	454,546
Inventories:
Raw materials	$	47,123	$	48,699
Finished goods	452,647		455,048
	$	499,770	$	503,747
Other current assets:
Value-added tax ("VAT") receivables	$	41,556	$	46,332
Prepaid expenses and other assets	112,550		84,879
	$	154,106	$	131,211
Property, plant and equipment, net:
Property, plant and equipment	$	562,038	$	543,747
Less: accumulated depreciation and amortization	(445,935)		(429,889)
	$	116,103	$	113,858
Other assets:
Deferred tax assets	$	212,516	$	202,180
Right-of-use assets	76,647		75,239
Investments for deferred compensation plan	33,657		29,006
Investments in privately held companies	27,888		27,980
Other assets	11,817		9,672
	$	362,525	$	344,077

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


	June 30, 2025		March 31, 2025
Accrued and other current liabilities:
Accrued customer marketing, pricing and incentive programs	$	203,412	$	173,401
Accrued personnel expenses	134,992		180,763
Warranty liabilities	35,637		34,428
Deferred revenue (1)	29,768		25,798
VAT Payable	27,406		29,648
Accrued sales return liability	24,576		27,913
Accrued loss for inventory purchase commitments	23,466		19,614
Income taxes payable	19,261		26,841


Operating lease liabilities	16,746		15,780


Other current liabilities	157,524		152,317
	$	672,788	$	686,503
Other non-current liabilities:
Operating lease liabilities	$	76,883	$	76,622
Employee benefit plan obligations	61,887		57,338
Deferred revenue (1)	43,382		38,216
Obligation for deferred compensation plan	33,657		29,006
Warranty liabilities	14,569		14,756

Other non-current liabilities	5,535		5,574
	$	235,913	$	221,512

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