BALANCE SHEET ITEMS (Tables)

6 Months Ended

Sep. 28, 2018

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 September 28, 2018		As of March 31, 2018
	(In thousands)
Raw materials	$	3,512,523	$	2,760,410
Work-in-progress	407,998		450,569
Finished goods	522,334		588,850
	$	4,442,855	$	3,799,829

Schedule of goodwill

The following table summarizes the activity in the Company’s goodwill account for each of its four segments during the six-month period ended September 28, 2018:



	HRS			CTG			IEI			CEC			Amount
	(In thousands)
Balance, beginning of the year	$	550,983		$	107,748		$	337,707		$	124,732		$	1,121,170
Divestitures (1)	(4,006		)	(4,412		)	(4,120		)	(6,391		)	(18,929		)
Foreign currency translation adjustments (2)	(19,718		)	—			—			—			(19,718		)
Balance, end of the period	$	527,259		$	103,336		$	333,587		$	118,341		$	1,082,523


(1)	During the six-month period ended September 28, 2018, the Company divested its China-based Multek operations, and as a result, recorded an aggregate reduction of goodwill of $18.9 million, which is included in the loss on sale recorded in other charges (income), net on the condensed consolidated statement of operation. See note 12 for additional information.


(2)	During the six-month period ended September 28, 2018, the Company recorded $19.7 million of foreign currency translation adjustments primarily related to the goodwill associated with the acquisition of Mirror Controls International ("MCi") and AGM Automotive ("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 September 28, 2018							As of March 31, 2018
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
	(In thousands)
Intangible assets:
Customer-related intangibles	$	303,361	$	(98,112	)	$	205,249	$	306,943	$	(79,051	)	$	227,892
Licenses and other intangibles	287,024		(116,866		)	170,158		304,007		(107,466		)	196,541
Total	$	590,385	$	(214,978	)	$	375,407	$	610,950	$	(186,517	)	$	424,433

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)
2019 (1)	$	35,987
2020	66,906
2021	62,515
2022	53,678
2023	45,421
Thereafter	110,900
Total amortization expense	$	375,407

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(1)	Represents estimated amortization for the remaining six-month period ending March 31, 2019.