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, 2021 (in thousands): | | | | | | | | | | | | | | | | | December 31, 2021 | | March 31, 2021 | Accounts receivable, net: | | | | | Accounts receivable | | $ | 1,189,206 | | | $ | 867,868 | | Allowance for doubtful accounts | | (75) | | | (1,161) | | Allowance for sales returns | | (15,128) | | | (14,438) | | Allowance for cooperative marketing arrangements | | (66,772) | | | (43,276) | | Allowance for customer incentive programs | | (125,052) | | | (76,200) | | Allowance for pricing programs | | (136,343) | | | (120,568) | | | | $ | 845,836 | | | $ | 612,225 | | Inventories: | | | | | Raw materials | | $ | 209,647 | | | $ | 146,886 | | Finished goods | | 624,887 | | | 514,230 | | | | $ | 834,534 | | | $ | 661,116 | | Other current assets: | | | | | Value-added tax receivables | | $ | 56,944 | | | $ | 67,710 | | Prepaid expenses and other assets | | 88,057 | | | 67,940 | | | | $ | 145,001 | | | $ | 135,650 | | Property, plant and equipment, net: | | | | | Property, plant and equipment at cost | | $ | 451,783 | | | $ | 417,520 | | Accumulated depreciation and amortization | | (342,182) | | | (303,460) | | | | $ | 109,601 | | | $ | 114,060 | | Other assets: | | | | | Deferred tax assets | | $ | 196,776 | | | $ | 210,888 | | Right-of-use assets | | 38,997 | | | 31,169 | | Trading investments for deferred compensation plan | | 29,711 | | | 24,809 | | Investments in privately held companies | | 43,482 | | | 43,402 | | Other assets | | 14,639 | | | 13,980 | | | | $ | 323,605 | | | $ | 324,248 | |
The following table presents the components of certain balance sheet liability amounts as of December 31 and March 31, 2021 (in thousands): | | | | | | | | | | | | | | | | | December 31, 2021 | | March 31, 2021 | Accrued and other current liabilities: | | | | | Accrued customer marketing, pricing and incentive programs | | $ | 244,821 | | | $ | 185,394 | | Accrued personnel expenses | | 167,249 | | | 173,360 | | VAT payable | | 41,103 | | | 50,620 | | Accrued sales return liability | | 37,765 | | | 43,178 | | Accrued payables - non-inventory | | 29,632 | | | 52,392 | | Warranty accrual | | 34,121 | | | 33,228 | | Income taxes payable | | 25,889 | | | 131,408 | | | | | | | Operating lease liability | | 13,583 | | | 13,101 | | | | | | | Contingent consideration | | 8,580 | | | 6,967 | | Other current liabilities | | 210,941 | | | 168,969 | | | | $ | 813,684 | | | $ | 858,617 | | Other non-current liabilities: | | | | | Employee benefit plan obligations | | $ | 74,643 | | | $ | 72,321 | | Obligation for deferred compensation plan | | 29,711 | | | 24,809 | | Operating lease liability | | 27,464 | | | 21,319 | | Warranty accrual | | 13,814 | | | 15,604 | | Contingent consideration | | 3,971 | | | — | | Deferred tax liability | | 1,679 | | | 1,679 | | Other non-current liabilities | | 4,087 | | | 3,770 | | | | $ | 155,369 | | | $ | 139,502 | |
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