v3.26.1
Balance Sheet Components
 12 Months Ended
Mar. 31, 2026
Balance Sheet Related Disclosures [Abstract]  
Balance Sheet Components Balance Sheet Components
The following table presents the components of certain balance sheet asset amounts as of March 31, 2026 and 2025 (in thousands):
 March 31,
 20262025
Accounts receivable, net: 
Accounts receivable$792,466 $708,693 
Allowance for cooperative marketing arrangements(49,964)(44,457)
Allowance for customer incentive programs(73,999)(66,564)
Allowance for pricing programs(144,800)(105,876)
Other allowances(17,836)(37,250)
$505,867 $454,546 
Inventories:  
Raw materials$62,484 $48,699 
Finished goods427,464 455,048 
$489,948 $503,747 
Other current assets:  
Value-added tax ("VAT") receivables$58,600 $46,332 
Prepaid expenses and other assets119,295 84,879 
$177,895 $131,211 
Property, plant and equipment, net:  
Plant, buildings and improvements$93,023 $88,041 
Equipment and tooling350,869 324,007 
Computer equipment28,108 26,881 
Software103,961 95,829 
575,961 534,758 
Less: accumulated depreciation and amortization(470,964)(429,889)
104,997 104,869 
Construction-in-process8,750 6,337 
Land2,707 2,652 
$116,454 $113,858 
Other assets:  
Deferred tax assets$192,083 $202,180 
Right-of-use assets71,531 75,239 
Investments for deferred compensation plan30,495 29,006 
Investments in privately held companies28,871 27,980 
Other assets16,095 9,672 
$339,075 $344,077 
The following table presents the components of certain balance sheet liability amounts as of March 31, 2026 and 2025 (in thousands):
 March 31,
 20262025
Accrued and other current liabilities:  
Accrued customer marketing, pricing and incentive programs$211,915 $173,401 
Accrued personnel expenses165,404 180,763 
Deferred revenue (1)
38,652 25,798 
Income taxes payable 37,843 26,841 
VAT payable36,292 29,648 
Warranty liabilities35,488 34,428 
Accrued sales return liability27,635 27,913 
Accrued loss for inventory purchase commitments18,167 19,614 
Operating lease liabilities17,044 15,780 
Other current liabilities193,550 152,317 
$781,990 $686,503 
Other non-current liabilities:  
Operating lease liabilities$71,111 $76,622 
Employee benefit plan obligations61,066 57,338 
Deferred revenue (1)
53,624 38,216 
Obligation for deferred compensation plan30,495 29,006 
Warranty liabilities14,754 14,756 
Other non-current liabilities6,849 5,574 
$237,899 $221,512 
(1) Includes deferred revenue for post-contract customer support and other services.