BALANCE SHEET ITEMS (Tables)

9 Months Ended

Dec. 31, 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 December 31, 2018		As of March 31, 2018
	(In thousands)
Raw materials	$	3,069,688	$	2,760,410
Work-in-progress	354,294		450,569
Finished goods	473,909		588,850
	$	3,897,891	$	3,799,829

Schedule of goodwill

The following table summarizes the activity in the Company’s goodwill account for each of its four reporting units (which align to the Company's reportable segments) during the nine-month period ended December 31, 2018:



	HRS			CTG			IEI			CEC			Amount
	(In thousands)
Balance, beginning of the year	$	550,983		$	107,748		$	337,707		$	124,732		$	1,121,170
Additions (1)	—			—			—			10,984			10,984
Divestitures (2)	(5,303		)	(4,484		)	(4,450		)	(6,391		)	(20,628		)
Foreign currency translation adjustments (3)	(32,692		)	—			—			—			(32,692		)
Balance, end of the period	$	512,988		$	103,264		$	333,257		$	129,325		$	1,078,834

(1)

The goodwill generated during the nine-month period ended December 31, 2018, is primarily related to value placed on the acquired employee workforce, service offerings and capabilities of the acquired business which may change as the Company is still in the process of evaluating the fair value of the assets and liabilities related to business combination completed during the recent period. The goodwill is not deductible for income tax purposes. See note 13 for additional information.


(2)	During the nine-month period ended December 31, 2018, the Company divested its China-based Multek operations along with another non-strategic immaterial business, and as a result, recorded an aggregate reduction of goodwill of $20.6 million. See note 13 for additional information.


(3)	During the nine-month period ended December 31, 2018, the Company recorded $32.7 million of foreign currency translation adjustments primarily related to the goodwill associated with historical acquisitions, 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, 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	$	297,563	$	(105,000	)	$	192,563	$	306,943	$	(79,051	)	$	227,892
Licenses and other intangibles	276,844		(119,762		)	157,082		304,007		(107,466		)	196,541
Total	$	574,407	$	(224,762	)	$	349,645	$	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)	$	17,436
2020	65,155
2021	60,826
2022	52,290
2023	44,553
Thereafter	109,385
Total amortization expense	$	349,645

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