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QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)
 12 Months Ended
Mar. 31, 2020
Quarterly Financial Data [Abstract]  
Schedule of quarterly financial data
The following table contains unaudited quarterly financial data for fiscal years 2020 and 2019. For fiscal year 2019, the Company recognized the cumulative effect of initially applying the new revenue standard as an adjustment to the opening balance of retained earnings.
 
Fiscal Year Ended March 31, 2020
 
Fiscal Year Ended March 31, 2019
 
First
 
Second
 
Third
 
Fourth
 
First
 
Second
 
Third
 
Fourth
 
(In thousands, except per share amounts)
Net sales
$
6,175,939

 
$
6,088,054

 
$
6,461,387

 
$
5,484,490

 
$
6,398,956

 
$
6,662,604

 
$
6,922,827

 
$
6,226,124

Gross profit (1)
352,759

 
189,093

 
430,477

 
365,627

 
377,854

 
402,301

 
357,325

 
380,295

Net income (loss) (2)
44,872

 
(116,940
)
 
111,388

 
48,259

 
116,035

 
86,885

 
(45,169
)
 
(64,352
)
Earnings (loss) per share (3):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
$
0.09

 
$
(0.23
)
 
$
0.22

 
$
0.10

 
$
0.22

 
$
0.16

 
$
(0.09
)
 
$
(0.12
)
Diluted
$
0.09

 
$
(0.23
)
 
$
0.22

 
$
0.10

 
$
0.22

 
$
0.16

 
$
(0.09
)
 
$
(0.12
)
_______________________________________________________________________________


(1)
The Company recorded a total of $128.3 million of restructuring charges during the second quarter of fiscal year 2020. The Company classified approximately $114.0 million of these charges as a component of cost of sales and $14.4 million as a component of selling, general and administrative expenses. Refer to note 15 for additional information on these charges. The Company recorded a total of $56.2 million of restructuring charges during the first quarter of fiscal year 2020. The Company classified approximately $47.4 million of these charges as a component of cost of sales and $8.8 million as a component of selling, general and administrative expenses. The Company recorded a total of $65.8 million of restructuring charges during the third quarter of fiscal year 2019. The Company classified $60.4 million of these charges as a component of cost of sales and approximately $5.4 million as a component of selling, general and administrative expenses.

(2)
During the fourth quarter of fiscal year 2020, and in connection with the Company’s ongoing assessment of its investment portfolio strategy, the Company concluded that the carrying amounts of certain non-core investments were other than temporarily impaired and recognized a $74.8 million total impairment charge. Refer to note 2 to the consolidated financial statements in Item 8, "Financial Statements and Supplementary Data" for additional information on investment impairment. Net income for the fourth quarter of fiscal year 2019 was primarily affected by an $84 million charge for the impairment of the Company's investment in Elementum. Net income for the third quarter of fiscal year 2019 was primarily affected by a $70 million charge for the impairment of the Company's investment in an unrelated third-party company. Net income for the first quarter of fiscal year 2019 was affected by a $91.8 million gain on the deconsolidation of Bright Machines.

(3)
Earnings per share are computed independently for each quarter presented and basic shares are used in the quarters with losses; therefore, the sum of the quarterly earnings per share may not equal the total earnings per share amounts for the fiscal year.