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Inventories
 9 Months Ended
Dec. 31, 2021
Inventory Disclosure [Abstract]  
Inventories INVENTORIES
Inventories are stated at the lower of cost and net realizable value, with cost determined based on the first-in, first-out method. Our inventories consisted of the following (in thousands):
As of
December 31, 2021March 31, 2021
Finished goods (1)
$121,073 $63,918 
Parts and components7,040 4,167 
Total inventories$128,113 $68,085 
(1) The increase in finished goods was driven by the strategic decision to increase on-hand inventory levels ahead of the fitness season given continued disruption in global logistics.