BALANCE SHEET ITEMS (Tables)

9 Months Ended

Dec. 31, 2017

Balance Sheet Related Disclosures [Abstract]

The components of inventories, net of applicable lower of cost and net realizable value write-downs, were as follows:



	As of December 31, 2017		As of March 31, 2017
	(In thousands)
Raw materials	$	2,590,065	$	2,537,623
Work-in-progress	446,469		279,493
Finished goods	689,109		579,346
	$	3,725,643	$	3,396,462

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, 2017:



	HRS		CTG			IEI		CEC			Amount
	(In thousands)
Balance, beginning of the year	$	420,935	$	111,223		$	337,707	$	115,002		$	984,867
Additions (1)	75,280		—			—		9,174			84,454
Divestitures (2)	—		(3,475		)	—		—			(3,475		)
Purchase accounting adjustments	—		—			—		(14		)	(14		)
Foreign currency translation adjustments (3)	38,938		—			—		—			38,938
Balance, end of the period	$	535,153	$	107,748		$	337,707	$	124,162		$	1,104,770

(1)

The goodwill generated from the Company’s acquisition of AGM Automotive ("AGM") in the HRS segment and the Company's acquisition of a Power Modules business in the CEC segment, completed during the nine-month period ended December 31, 2017, are 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, 2017, the Company disposed of Wink Labs Inc. ("Wink"), a business within the CTG segment, and recorded an aggregate reduction of goodwill of $3.5 million accordingly, which is included as an offset to the gain on sale recorded in other charges (income), net on the condensed consolidated statement of operations.


(3)	During the nine-month period ended December 31, 2017, the Company recorded $38.9 million of foreign currency translation adjustments primarily related to the goodwill associated with the acquisition of Mirror Controls International ("MCi") and AGM, as the U.S. Dollar fluctuated against foreign currencies.

Schedule of components of acquired intangible assets

The components of acquired intangible assets are as follows:



	As of December 31, 2017							As of March 31, 2017
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
	(In thousands)
Intangible assets:
Customer-related intangibles	$	369,356	$	(135,411	)	$	233,945	$	260,704	$	(105,912	)	$	154,792
Licenses and other intangibles	302,522		(97,915		)	204,607		283,897		(76,508		)	207,389
Total	$	671,878	$	(233,326	)	$	438,552	$	544,601	$	(182,420	)	$	362,181

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)
2018 (1)	$	19,933
2019	74,510
2020	68,272
2021	63,839
2022	54,754
Thereafter	157,244
Total amortization expense	$	438,552

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(1)	Represents estimated amortization for the remaining three-month period ending March 31, 2018.