Balance Sheet Components (Tables)

The following table presents the components of certain balance sheet asset amounts as of March 31, 2026 and 2025 (in thousands):


	March 31,
	2026		2025
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 goods	427,464		455,048
	$	489,948	$	503,747
Other current assets:
Value-added tax ("VAT") receivables	$	58,600	$	46,332
Prepaid expenses and other assets	119,295		84,879
	$	177,895	$	131,211
Property, plant and equipment, net:
Plant, buildings and improvements	$	93,023	$	88,041
Equipment and tooling	350,869		324,007
Computer equipment	28,108		26,881
Software	103,961		95,829
	575,961		534,758
Less: accumulated depreciation and amortization	(470,964)		(429,889)
	104,997		104,869
Construction-in-process	8,750		6,337
Land	2,707		2,652
	$	116,454	$	113,858
Other assets:
Deferred tax assets	$	192,083	$	202,180
Right-of-use assets	71,531		75,239
Investments for deferred compensation plan	30,495		29,006
Investments in privately held companies	28,871		27,980
Other assets	16,095		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,
	2026		2025
Accrued and other current liabilities:
Accrued customer marketing, pricing and incentive programs	$	211,915	$	173,401
Accrued personnel expenses	165,404		180,763
Deferred revenue (1)	38,652		25,798
Income taxes payable	37,843		26,841
VAT payable	36,292		29,648
Warranty liabilities	35,488		34,428
Accrued sales return liability	27,635		27,913
Accrued loss for inventory purchase commitments	18,167		19,614
Operating lease liabilities	17,044		15,780
Other current liabilities	193,550		152,317
	$	781,990	$	686,503
Other non-current liabilities:
Operating lease liabilities	$	71,111	$	76,622
Employee benefit plan obligations	61,066		57,338
Deferred revenue (1)	53,624		38,216
Obligation for deferred compensation plan	30,495		29,006
Warranty liabilities	14,754		14,756

Other non-current liabilities	6,849		5,574
	$	237,899	$	221,512

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