v3.25.2
REVENUE RECOGNITION AND BUSINESS CONCENTRATIONS (Tables)
 3 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Net Sales by Channel and Geography Net sales by channel was as follows:
 Three Months Ended June 30,
20252024
Wholesale
$652,364 $514,782 
Direct-to-Consumer
312,174 310,565 
Total$964,538 $825,347 
Net sales by geography was as follows:
Three Months Ended June 30,
20252024
Domestic$501,258 $515,856 
International463,280 309,491 
Total
$964,538 $825,347 
Schedule of Activity Related to Estimated Sales Returns, Loyalty Program Activity and Deferred Revenue
The following tables summarize changes in the estimated sales returns for the periods presented:
Sales Return Asset
Sales Return Liability
Balance, March 31, 2025$21,120 $(63,462)
Net additions to sales return liability (1)
7,369 (40,888)
Actual returns(13,556)55,508 
Balance, June 30, 2025$14,933 $(48,842)
Sales Return Asset
Sales Return Liability
Balance, March 31, 2024$13,866 $(55,327)
Net additions to sales return liability (1)
10,976 (40,741)
Actual returns(14,077)58,277 
Balance, June 30, 2024$10,765 $(37,791)
(1) Net additions to the sales return liability include a provision for anticipated sales returns, which consists of both contractual return rights and discretionary authorized returns.
Loyalty Programs. Activity related to loyalty programs was as follows:
Three Months Ended June 30,
20252024
Beginning balance
$(18,566)$(17,586)
Redemptions and expirations for loyalty certificates and points recognized in net sales4,994 5,060 
Deferred revenue for loyalty points and certificates issued(4,205)(4,575)
Ending balance
$(17,777)$(17,101)
Deferred Revenue. Activity related to deferred revenue was as follows:
Three Months Ended June 30,
20252024
Beginning balance$(27,305)$(9,591)
Additions of customer cash payments(27,176)(27,101)
Revenue recognized25,573 9,254 
Ending balance$(28,908)$(27,438)