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SUMMARY OF ACCOUNTING POLICIES (Tables)
 12 Months Ended
Mar. 31, 2018
Accounting Policies [Abstract]  
Summary of the activity in the Company's allowance for doubtful accounts
The following table summarizes the activity in the Company's allowance for doubtful accounts during fiscal years 2018, 2017 and 2016:
 
Balance at
Beginning
of Year
 
Charged to
Costs and
Expenses
 
Deductions/
Write-Offs
 
Balance at
End of
Year
 
(In thousands)
Allowance for doubtful accounts:
 
 
 
 
 
 
 
Year ended March 31, 2016
$
4,534

 
$
72,295

 
$
(12,221
)
 
$
64,608

Year ended March 31, 2017
$
64,608

 
$
(184
)
 
$
(7,122
)
 
$
57,302

Year ended March 31, 2018
$
57,302

 
$
8,225

 
$
(5,476
)
 
$
60,051
Schedule of cash and cash equivalents
Cash and cash equivalents consisted of the following:

 
As of March 31,
 
2018
 
2017
 
(In thousands)
Cash and bank balances
$
1,019,802

 
$
763,834

Money market funds and time deposits
452,622

 
1,066,841

 
$
1,472,424

 
$
1,830,675
Schedule of components of inventories
The components of inventories, net of applicable lower of cost or net realizable value write-downs, were as follows:
 
As of March 31,
 
2018
 
2017
 
(In thousands)
Raw materials
$
2,760,410

 
$
2,537,623

Work-in-progress
450,569

 
279,493

Finished goods
588,850

 
579,346

 
$
3,799,829

 
$
3,396,462
Schedule of property and equipment, net
Property and equipment was comprised of the following:
 
Depreciable
Life
(In Years)
 
As of March 31,
 
 
2018
 
2017
 
 
 
(In thousands)
Machinery and equipment
3 - 10
 
$
3,004,707

 
$
3,233,392

Buildings
30
 
1,154,881

 
1,237,739

Leasehold improvements
up to 30
 
414,917

 
395,663

Furniture, fixtures, computer equipment and software
3 - 7
 
482,248

 
502,223

Land
—
 
152,992

 
145,663

Construction-in-progress
—
 
287,724

 
212,326

 
 
 
5,497,469

 
5,727,006

Accumulated depreciation and amortization
 
 
(3,257,963
)
 
(3,409,980
)
Property and equipment, net
 
 
$
2,239,506

 
$
2,317,026
Schedule of goodwill
The following table summarizes the activity in the Company's goodwill during fiscal years 2018 and 2017 (in thousands):

 
HRS
 
CTG
 
IEI
 
CEC
 
Total
Balance, as of March 31, 2016
439,336

 
68,234

 
322,803

 
111,693

 
942,066

Additions (1)
—

 
42,989

 
17,544

 
3,309

 
63,842

Divestitures (2)
(1,787
)
 
—

 
(2,640
)
 
—

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

 
—

 
—

 
—

 
794

Foreign currency translation adjustments (4)
(17,408
)
 
—

 
—

 
—

 
(17,408
)
Balance, as of March 31, 2017
$
420,935

 
$
111,223

 
$
337,707

 
$
115,002

 
$
984,867

Additions (1)
75,280

 
—

 
—

 
9,744

 
85,024

Divestitures (2)
—

 
(3,475
)
 
—

 
—

 
(3,475
)
Purchase accounting adjustments (3)
—

 
—

 
—

 
(14
)
 
(14
)
Foreign currency translation adjustments (4)
54,768

 
—

 
—

 
—

 
54,768

Balance, as of March 31, 2018
$
550,983

 
$
107,748

 
$
337,707

 
$
124,732

 
$
1,121,170

_______________________________________________________________________________

(1)
The goodwill generated from the Company's business combinations completed during the fiscal years 2018 and 2017 are primarily related to value placed on the employee workforce, service offerings and capabilities and expected synergies. The goodwill is not deductible for income tax purposes. Refer to the discussion of the Company's business acquisitions in note 18.

(2)
During the fiscal year ended March 31, 2018, 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, which is included in the gain on sale recorded in other charges, net on the consolidated statement of operations. During the fiscal year ended March 31, 2017, 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, which is included in the loss on sale recorded in other charges, net on the consolidated statement of operations.

(3)
Includes adjustments based on management's estimates resulting from its review and finalization of the valuation of assets and liabilities acquired 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 fiscal years ended March 31, 2018 and 2017, the Company recorded $54.8 million and $17.4 million, respectively, of foreign currency translation adjustments primarily related to the goodwill associated with the acquisition of AGM Automotive ("AGM") in fiscal year 2018 and Mirror Controls International ("MCi") in fiscal year 2016, 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 March 31, 2018
 
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
$
306,943

 
$
(79,051
)
 
$
227,892

 
$
260,704

 
$
(105,912
)
 
$
154,792

Licenses and other intangibles
304,007

 
(107,466
)
 
196,541

 
283,897

 
(76,508
)
 
207,389

Total
$
610,950

 
$
(186,517
)
 
$
424,433

 
$
544,601

 
$
(182,420
)
 
$
362,181
Schedule of estimated future annual amortization expense for intangible assets
The estimated future annual amortization expense for acquired intangible assets is as follows:
Fiscal Year Ending March 31,
Amount
 
(In thousands)
2019
$
75,319

2020
68,981

2021
64,440

2022
55,301

2023
46,762

Thereafter
113,630

Total amortization expense
$
424,433