| Schedule of Reconciliation of Revenue from Segments to Consolidated |
The following tables summarize the Company's net revenues, significant expenses and operating income (loss) by its geographic segments, including a reconciliation to income before taxes. Other segment expenses generally include cost of goods sold, as well as selling, general and administrative costs including compensation-related expenses, facility-related expenses, selling and distribution expenses, consulting expenses, depreciation and amortization, bad debt, and other miscellaneous expenses. Intercompany balances are eliminated in consolidation and are not reviewed when evaluating segment performance. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended March 31, 2026 | | North America | | EMEA | | Asia-Pacific | | Latin America | | Total Reportable Segments | | Corporate Other | | Total | | Net revenues | $ | 2,859,420 | | | $ | 1,180,510 | | | $ | 719,134 | | | $ | 234,191 | | | $ | 4,993,255 | | | $ | (26,885) | | | $ | 4,966,370 | | | Less: | | | | | | | | | | | | | | | Marketing and advertising costs | 212,677 | | | 123,916 | | | 76,973 | | | 9,489 | | | 423,055 | | | 79,235 | | | 502,290 | | Other segment expenses(1) | 2,204,240 | | | 865,107 | | | 557,695 | | | 194,801 | | | 3,821,843 | | | 805,349 | | | 4,627,192 | | | Total operating income (loss) | $ | 442,503 | | | $ | 191,487 | | | $ | 84,466 | | | $ | 29,901 | | | $ | 748,357 | | | $ | (911,469) | | | $ | (163,112) | | | Interest income (expense), net | | | | | | | | | | | | | (30,288) | | | Other income (expense), net | | | | | | | | | | | | | (7,276) | | | Income (loss) before income taxes | | | | | | | | | | | | $ | (200,676) | | | | | | | | | | | | | | | | | Supplemental Information: | | | | | | | | | | | | | | | Depreciation and amortization | $ | 34,185 | | | $ | 15,143 | | | $ | 23,642 | | | $ | 1,367 | | | $ | 74,337 | | | $ | 35,286 | | | $ | 109,623 | |
(1) Other segment expenses within Corporate Other includes $171.5 million of restructuring and related charges incurred under the 2025 restructuring plan (refer to Note 11) and $98.5 million of litigation reserve expense related to the previously disclosed insurance carrier litigation proceedings (refer to Note 8). | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended March 31, 2025 | | North America | | EMEA | | Asia-Pacific | | Latin America | | Total Reportable Segments | | Corporate Other | | Total | | Net revenues | $ | 3,105,624 | | | $ | 1,086,578 | | | $ | 755,437 | | | $ | 215,427 | | | $ | 5,163,066 | | | $ | 1,244 | | | $ | 5,164,310 | | | Less: | | | | | | | | | | | | | | | Marketing and advertising costs | 222,762 | | | 128,461 | | | 87,053 | | | 6,778 | | | 445,054 | | | 104,798 | | | 549,852 | | Other segment expenses(1) | 2,253,344 | | | 810,935 | | | 595,197 | | | 161,117 | | | 3,820,593 | | | 979,081 | | | 4,799,674 | | | Total operating income (loss) | $ | 629,518 | | | $ | 147,182 | | | $ | 73,187 | | | $ | 47,532 | | | $ | 897,419 | | | $ | (1,082,635) | | | $ | (185,216) | | | Interest income (expense), net | | | | | | | | | | | | | (6,115) | | | Other income (expense), net | | | | | | | | | | | | | (13,431) | | | Income (loss) before income taxes | | | | | | | | | | | | $ | (204,762) | | | | | | | | | | | | | | | | | Supplemental Information: | | | | | | | | | | | | | | | Depreciation and amortization | $ | 39,412 | | | $ | 10,060 | | | $ | 26,465 | | | $ | 1,736 | | | $ | 77,673 | | | $ | 58,131 | | | $ | 135,804 | |
(1) Other segment expenses within Corporate Other includes $89.2 million of restructuring and related charges incurred under the 2025 restructuring plan (refer to Note 11), an impairment charge of $28.4 million relating to vacating the Company's former global headquarters and $261.0 million of litigation expense, net of insurance proceeds, related to the settlement of the Class Action Securities litigation (refer to Note 10 to the Consolidated Financial Statements in Part II, Item 8 of the Company's Annual Report on Form 10-K for Fiscal 2025). | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year ended March 31, 2024 | | North America | | EMEA | | Asia-Pacific | | Latin America | | Total Reportable Segments | | Corporate Other | | Total | | Net revenues | $ | 3,505,167 | | | $ | 1,081,915 | | | $ | 873,019 | | | $ | 229,481 | | | $ | 5,689,582 | | | $ | 12,297 | | | $ | 5,701,879 | | | Less: | | | | | | | | | | | | | | | Marketing and advertising costs | 252,892 | | | 100,490 | | | 100,129 | | | 10,532 | | | 464,043 | | | 104,461 | | | 568,504 | | | Other segment expenses | 2,574,393 | | | 805,220 | | | 653,240 | | | 180,548 | | | 4,213,401 | | | 690,223 | | | 4,903,624 | | | Total operating income (loss) | $ | 677,882 | | | $ | 176,205 | | | $ | 119,650 | | | $ | 38,401 | | | $ | 1,012,138 | | | $ | (782,387) | | | $ | 229,751 | | | Interest income (expense), net | | | | | | | | | | | | | 268 | | | Other income (expense), net | | | | | | | | | | | | | 32,055 | | | Income (loss) before income taxes | | | | | | | | | | | | $ | 262,074 | | | | | | | | | | | | | | | | | Supplemental Information: | | | | | | | | | | | | | | | Depreciation and amortization | $ | 51,362 | | | $ | 10,345 | | | $ | 26,016 | | | $ | 1,994 | | | $ | 89,717 | | | $ | 52,873 | | | $ | 142,590 | |
The following table further disaggregates the Company's net revenues by geographic area, based on shipping destination: | | | | | | | | | | | | | | | | | | | Year Ended March 31, | | 2026 | | 2025 | | 2024 | | United States | $ | 2,570,647 | | | $ | 2,817,170 | | | $ | 3,172,245 | | | Other countries | 2,422,608 | | | 2,345,896 | | | 2,517,337 | | | Total reportable segments | 4,993,255 | | | 5,163,066 | | | 5,689,582 | | | Corporate other | (26,885) | | | 1,244 | | | 12,297 | | | Total net revenues | $ | 4,966,370 | | | $ | 5,164,310 | | | $ | 5,701,879 | |
For Fiscal 2026, Fiscal 2025 and Fiscal 2024, no single customer accounted for more than 10% of the Company's net revenues.
Long-lived assets are primarily composed of property and equipment, net and operating lease right-of-use assets. The Company's long-lived assets by geographic area were as follows: | | | | | | | | | | | | | March 31, 2026 | | March 31, 2025 | | United States | $ | 789,310 | | | $ | 815,903 | | | Other countries | 239,265 | | | 213,585 | | | Total long-lived assets | $ | 1,028,575 | | | $ | 1,029,488 | |
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