Balance Sheet Components

6 Months Ended

Sep. 30, 2025

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


	September 30, 2025		March 31, 2025
Accounts receivable, net:
Accounts receivable	$	1,017,821	$	708,693

Allowance for cooperative marketing arrangements	(56,844)		(44,457)
Allowance for customer incentive programs	(82,885)		(66,564)
Allowance for pricing programs	(135,138)		(105,876)
Other allowances	(39,059)		(37,250)
	$	703,895	$	454,546
Inventories:
Raw materials	$	38,232	$	48,699
Finished goods	479,441		455,048
	$	517,673	$	503,747
Other current assets:
Value-added tax ("VAT") receivables	$	50,515	$	46,332
Prepaid expenses and other assets	101,861		84,879
	$	152,376	$	131,211
Property, plant and equipment, net:
Property, plant and equipment	$	569,591	$	543,747
Less: accumulated depreciation and amortization	(451,373)		(429,889)
	$	118,218	$	113,858
Other assets:
Deferred tax assets	$	204,703	$	202,180
Right-of-use assets	77,639		75,239
Investments for deferred compensation plan	33,183		29,006
Investments in privately held companies	28,466		27,980
Other assets	13,207		9,672
	$	357,198	$	344,077

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


	September 30, 2025		March 31, 2025
Accrued and other current liabilities:
Accrued customer marketing, pricing and incentive programs	$	229,938	$	173,401
Accrued personnel expenses	118,580		180,763
VAT payable	36,782		29,648
Warranty liabilities	35,738		34,428
Deferred revenue (1)	34,560		25,798
Accrued sales return liability	26,475		27,913
Accrued loss for inventory purchase commitments	26,422		19,614
Income taxes payable	20,663		26,841


Operating lease liabilities	17,542		15,780


Other current liabilities	151,355		152,317
	$	698,055	$	686,503
Other non-current liabilities:
Operating lease liabilities	$	77,712	$	76,622
Employee benefit plan obligations	60,441		57,338
Deferred revenue (1)	48,294		38,216
Obligation for deferred compensation plan	33,183		29,006
Warranty liabilities	14,453		14,756

Other non-current liabilities	5,560		5,574
	$	239,643	$	221,512

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