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BALANCE SHEET ITEMS (Tables)
 9 Months Ended
Dec. 31, 2016
Balance Sheet Related Disclosures [Abstract]  
Schedule of components of inventories
The components of inventories, net of applicable lower of cost or market write-downs, were as follows:
 
 
As of December 31, 2016
 
As of March 31, 2016
 
(In thousands)
Raw materials
$
2,399,270

 
$
2,234,512

Work-in-progress
436,289

 
561,282

Finished goods
658,058

 
695,862

 
$
3,493,617

 
$
3,491,656
Schedule of goodwill
The following table summarizes the activity in the Company’s goodwill account for each of its four segments during the nine-month period ended December 31, 2016:
 
 
 
HRS
 
CTG
 
IEI
 
CEC
 
Amount
 
(In thousands)
Balance, beginning of the year
 
$
439,336

 
$
68,234

 
$
322,803

 
$
111,693

 
$
942,066

Additions (1)
 
—

 
39,791

 
17,727

 
—

 
57,518

Divestitures (2)
 
(1,787
)
 
—

 
(2,640
)
 
—

 
(4,427
)
Purchase accounting adjustments (3)
 
794

 
—

 
—

 
—

 
794

Foreign currency translation adjustments (4)
 
(30,233
)
 
—

 
—

 
—

 
(30,233
)
Balance, end of the period
 
$
408,110

 
$
108,025

 
$
337,890

 
$
111,693

 
$
965,718


(1)
The goodwill generated from the Company’s business combinations completed during the nine-month period ended December 31, 2016 is primarily related to value placed on the acquired employee workforces, service offerings and capabilities of the acquired businesses. The goodwill is not deductible for income tax purposes. See note 12 for additional information.

(2)
During the nine-month period ended December 31, 2016, the Company disposed of two non-strategic businesses within the IEI and HRS segments, and recorded an aggregate reduction of goodwill of $4.4 million accordingly, which is included in the loss on sale recorded in other charges, net on the condensed consolidated statement of operations.

(3)
Includes adjustments to estimates resulting from the finalization of management's review of the valuation of assets acquired and liabilities assumed through certain business combinations completed in a period subsequent to the respective acquisition. These adjustments were not individually, nor in the aggregate, significant to the Company.

(4)
During the nine-month period ended December 31, 2016, the Company recorded $30.2 million of foreign currency translation adjustments primarily related to the goodwill associated with the acquisition of Mirror Controls International ("MCi"), as the U.S. Dollar strengthened against the Euro.
Schedule of components of acquired intangible assets
The components of acquired intangible assets are as follows:

 
As of December 31, 2016
 
As of March 31, 2016
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
(In thousands)
Intangible assets:
 

 
 

 
 

 
 

 
 

 
 

Customer-related intangibles
$
254,991

 
$
(96,655
)
 
$
158,336

 
$
223,046

 
$
(66,473
)
 
$
156,573

Licenses and other intangibles
279,740

 
(66,473
)
 
213,267

 
285,053

 
(37,872
)
 
247,181

Total
$
534,731

 
$
(163,128
)
 
$
371,603

 
$
508,099

 
$
(104,345
)
 
$
403,754
Schedule of estimated future annual amortization expense for intangible assets
The estimated future annual amortization expense for intangible assets is as follows:

Fiscal Year Ending March 31,
Amount
 
(In thousands)
2017 (1)
$
17,977

2018
66,810

2019
60,038

2020
51,054

2021
46,953

Thereafter
128,771

Total amortization expense
$
371,603

____________________________________________________________
(1)
Represents estimated amortization for the remaining three-month period ending March 31, 2017.