BALANCE SHEET ITEMS (Tables)

9 Months Ended

Dec. 31, 2014

BALANCE SHEET ITEMS

Schedule of components of inventories

	As of		As of
	December 31, 2014		March 31, 2014
	(In thousands)
Raw materials	$	2,336,860	$	2,349,278
Work-in-progress	549,732		608,284
Finished goods	673,048		641,446
	$	3,559,640	$	3,599,008

Schedule of goodwill

The following table summarizes the activity in the Company’s goodwill account during the nine-month period ended December 31, 2014:

	Amount
	(In thousands)
Balance, beginning of the year	$	292,758
Additions (1)	36,467
Purchase accounting adjustments (2)	8,651
Foreign currency translation adjustments	(3,393		)
Balance, end of the period	$	334,483

(1) The goodwill generated from the Company’s business combinations completed during the nine-month period ended December 31, 2014 is primarily related to value placed on the acquired employee workforces, service offerings and capabilities of the acquired businesses and expected synergies. The goodwill is not deductible for income tax purposes. See note 12 to the condensed consolidated financial statements for additional information.

(2) Fair value adjustment made to certain assets acquired in connection with the Company’s acquisition of Riwisa AG during the three-month ended December 31, 2013.

Schedule of components of acquired intangible assets

	As of December 31, 2014							As of March 31, 2014
	Gross					Net		Gross					Net
	Carrying		Accumulated			Carrying		Carrying		Accumulated			Carrying
	Amount		Amortization			Amount		Amount		Amortization			Amount
	(In thousands)
Intangible assets:
Customer-related intangibles	$	126,712	$	(73,867	)	$	52,845	$	204,369	$	(140,713	)	$	63,656
Licenses and other intangibles	39,793		(9,589		)	30,204		32,564		(11,760		)	20,804
Total	$	166,505	$	(83,456	)	$	83,049	$	236,933	$	(152,473	)	$	84,460

Schedule of estimated future annual amortization expense for intangible assets

Fiscal Year Ending March 31,	Amount
	(In thousands)
2015 (1)	$	7,496
2016	26,582
2017	18,404
2018	12,564
2019	8,326
Thereafter	9,677
Total amortization expense	$	83,049

(1) Represents estimated amortization for the remaining three-month period ending March 31, 2015.