Balance Sheet Components

6 Months Ended

Sep. 30, 2021

The following table presents the components of certain balance sheet asset amounts as of September 30 and March 31, 2021 (in thousands):


	September 30, 2021		March 31, 2021
Accounts receivable, net:
Accounts receivable	$	1,034,726	$	867,868
Allowance for doubtful accounts	(249)		(1,161)
Allowance for sales returns	(10,857)		(14,438)
Allowance for cooperative marketing arrangements	(64,216)		(43,276)
Allowance for customer incentive programs	(94,413)		(76,200)
Allowance for pricing programs	(136,917)		(120,568)
	$	728,074	$	612,225
Inventories:
Raw materials	$	205,991	$	146,886
Finished goods	621,719		514,230
	$	827,710	$	661,116
Other current assets:
Value-added tax receivables	$	79,381	$	67,710
Prepaid expenses and other assets	87,350		67,940
	$	166,731	$	135,650
Property, plant and equipment, net:
Property, plant and equipment at cost	$	454,417	$	417,520
Accumulated depreciation and amortization	(342,792)		(303,460)
	$	111,625	$	114,060
Other assets:
Deferred tax assets	$	204,655	$	210,888
Right-of-use assets	41,234		31,169
Trading investments for deferred compensation plan	28,375		24,809
Investments in privately held companies	42,749		43,402
Other assets	14,857		13,980
	$	331,870	$	324,248

The following table presents the components of certain balance sheet liability amounts as of September 30 and March 31, 2021 (in thousands):


	September 30, 2021		March 31, 2021
Accrued and other current liabilities:
Accrued customer marketing, pricing and incentive programs	$	208,207	$	185,394
Accrued personnel expenses	113,818		173,360
VAT payable	61,441		50,620
Accrued sales return liability	45,064		43,178
Accrued payables - non-inventory	36,736		52,392
Warranty accrual	34,646		33,228
Income taxes payable	11,954		131,408

Operating lease liability	13,754		13,101

Contingent consideration	10,570		6,967
Other current liabilities	173,688		168,969
	$	709,878	$	858,617
Other non-current liabilities:
Employee benefit plan obligations	$	73,534	$	72,321
Obligation for deferred compensation plan	28,375		24,809
Operating lease liability	29,940		21,319
Warranty accrual	14,527		15,604
Contingent consideration	3,971		—
Deferred tax liability	1,679		1,679
Other non-current liabilities	3,206		3,770
	$	155,232	$	139,502