BALANCE SHEET ITEMS (Tables)

9 Months Ended

Dec. 31, 2015

Balance Sheet Related Disclosures [Abstract]

The components of inventories, net of applicable lower of cost or market write-downs, were as follows:



	As of December 31, 2015		As of March 31, 2015
	(In thousands)
Raw materials	$	2,266,843	$	2,330,428
Work-in-progress	553,686		557,786
Finished goods	670,204		600,538
	$	3,490,733	$	3,488,752

Schedule of goodwill

The following table summarizes the activity in the Company’s goodwill account for each of its four segments during the nine-month period ended December 31, 2015:



		HRS			CTG		IEI		INS		Amount
	(In thousands)
Balance, beginning of the year		$	93,138		$	68,234	$	64,221	$	108,038	$	333,631
Additions (1)		330,346			—		253,312		3,575		587,233
Purchase accounting adjustments (2)		125			—		—		—		125
Foreign currency translation adjustments		(4,755		)	—		—		—		(4,755		)
Balance, end of the period		$	418,854		$	68,234	$	317,533	$	111,613	$	916,234


(1)	The goodwill generated from the Company’s business combinations completed during the nine-month period ended December 31, 2015 is primarily related to value placed on the acquired employee workforces, service offerings and capabilities of the acquired businesses. The goodwill is not deductible for income tax purposes. See note 12 for additional information.


(2)	Includes adjustments to estimates resulting from the finalization of management's review of the valuation of assets acquired and liabilities assumed 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.

Schedule of components of acquired intangible assets

The components of acquired intangible assets are as follows:



	As of December 31, 2015							As of March 31, 2015
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
	(In thousands)
Intangible assets:
Customer-related intangibles	$	258,079	$	(102,202	)	$	155,877	$	133,853	$	(80,506	)	$	53,347
Licenses and other intangibles	275,322		(30,416		)	244,906		39,985		(11,788		)	28,197
Total	$	533,401	$	(132,618	)	$	400,783	$	173,838	$	(92,294	)	$	81,544

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)
2016 (1)	$	21,198
2017	71,986
2018	57,887
2019	51,556
2020	43,315
Thereafter	154,841
Total amortization expense	$	400,783

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(1)	Represents estimated amortization for the remaining three-month period ending March 31, 2016.