v3.26.3
Revenue Recognition and Business Concentrations (Tables)
 6 Months Ended
Sep. 30, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Net Sales by Channel and Geography Channel Concentration. Net sales by channel were as follows:
 
Three Months Ended September 30,
Six Months Ended September 30,
2026
2025
2026
2025
Wholesale
$1,093,012
$1,036,229
$1,759,726
$1,688,593
Direct-to-Consumer
387,542
394,611
740,359
706,785
Total
$1,480,554
$1,430,840
$2,500,085
$2,395,378
Geographic Concentration. Net sales by geography were as follows:
 
Three Months Ended September 30,
Six Months Ended September 30,
2026
2025
2026
2025
Domestic
$835,842
$839,530
$1,353,270
$1,340,788
International
644,712
591,310
1,146,815
1,054,590
Total
$1,480,554
$1,430,840
$2,500,085
$2,395,378
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, 2026
$27,729
$(80,055)
Net additions to sales return liability (1)
29,062
(115,118)
Actual returns
(32,386)
120,497
Balance, September 30, 2026
$24,405
$(74,676)
Sales Return
Asset
Sales Return
Liability
Balance, March 31, 2025
$21,120
$(63,462)
Net additions to sales return liability (1)
30,162
(123,393)
Actual returns
(27,784)
115,183
Balance, September 30, 2025
$23,498
$(71,672)
(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:
Six Months Ended September 30,
2026
2025
Beginning balance
$(21,000)
$(18,566)
Redemptions and expirations for loyalty certificates and points recognized in net
sales
12,911
11,958
Deferred revenue for loyalty points and certificates issued
(14,811)
(12,813)
Ending balance
$(22,900)
$(19,421)
Deferred Revenue. Activity related to deferred revenue was as follows:
Six Months Ended September 30,
2026
2025
Beginning balance
$(30,139)
$(27,305)
Additions of customer cash payments
(61,278)
(48,707)
Revenue recognized
58,215
54,273
Ending balance
$(33,202)
$(21,739)