Balance Sheet Components |
Balance Sheet Components The following table presents the components of certain balance sheet asset amounts as of December 31 and March 31, 2017 (in thousands): | | | | | | | | | | | | December 31, 2017 | | March 31, 2017 | Accounts receivable, net: | | |
| | |
| Accounts receivable | | $ | 668,811 |
| | $ | 395,754 |
| Allowance for doubtful accounts | | (233 | ) | | (607 | ) | Allowance for sales returns | | (25,008 | ) | | (18,800 | ) | Allowance for cooperative marketing arrangements * | | (44,033 | ) | | (28,022 | ) | Allowance for customer incentive programs * | | (102,974 | ) | | (60,857 | ) | Allowance for pricing programs * | | (144,810 | ) | | (102,289 | ) | | | $ | 351,753 |
| | $ | 185,179 |
| Inventories: | | |
| | |
| Raw materials | | $ | 35,752 |
| | $ | 30,582 |
| Finished goods | | 243,227 |
| | 222,819 |
| | | $ | 278,979 |
| | $ | 253,401 |
| Other current assets: | | |
| | |
| Value-added tax receivables | | $ | 29,620 |
| | $ | 23,132 |
| Prepaid expenses and other assets | | 27,910 |
| | 18,600 |
| | | $ | 57,530 |
| | $ | 41,732 |
| Property, plant and equipment, net: | | |
| | |
| Property, plant and equipment at cost | | $ | 362,809 |
| | $ | 348,760 |
| Less: accumulated depreciation and amortization | | (275,908 | ) | | (263,352 | ) | | | $ | 86,901 |
| | $ | 85,408 |
| Other assets: | | |
| | |
| Deferred tax assets ** | | $ | 86,518 |
| | $ | 57,303 |
| Trading investments for deferred compensation plan | | 17,998 |
| | 15,043 |
| Investments in privately held companies | | 11,969 |
| | 10,776 |
| Other assets | | 6,354 |
| | 4,997 |
| | | $ | 122,839 |
| | $ | 88,119 |
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The following table presents the components of certain balance sheet liability amounts as of December 31 and March 31, 2017 (in thousands): | | | | | | | | | | | | December 31, 2017 | | March 31, 2017 | Accrued and other current liabilities: | | |
| | |
| Accrued personnel expenses | | $ | 73,124 |
| | $ | 88,346 |
| Indirect customer incentive programs * | | 69,921 |
| | 36,409 |
| Warranty accrual | | 15,640 |
| | 13,424 |
| Employee benefit plan obligation | | 2,164 |
| | 1,266 |
| Income taxes payable | | 4,387 |
| | 6,232 |
| Contingent consideration for business acquisition - current portion | | — |
| | 2,889 |
| Other current liabilities | | 112,819 |
| | 83,707 |
| | | $ | 278,055 |
| | $ | 232,273 |
| Other non-current liabilities: | | |
| | |
| Warranty accrual | | $ | 10,624 |
| | $ | 8,487 |
| Obligation for deferred compensation plan | | 17,998 |
| | 15,043 |
| Employee benefit plan obligation | | 43,110 |
| | 41,998 |
| Deferred tax liability | | 1,789 |
| | 1,789 |
| Contingent consideration for business acquisition - non-current portion | | — |
| | 7,019 |
| Other non-current liabilities | | 8,483 |
| | 9,355 |
| | | $ | 82,004 |
| | $ | 83,691 |
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*The increases in the allowances for cooperative marketing arrangements, customer incentive programs, pricing programs and indirect customer incentive programs as of December 31, 2017 compared with March 31, 2017 were primarily the result of seasonality in the Company's business and increases in these marketing and promotional activities.
**The increase in deferred tax assets was primarily due to the adoption of ASU 2016-09 effective April 1, 2017, partially offset by the remeasurement of federal deferred tax assets as a result of the enactment of the Tax Act in the third quarter of fiscal year 2018. See "Note 5 - Income Taxes" for more information.
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