SUMMARY OF ACCOUNTING POLICIES (Tables)

12 Months Ended

Mar. 31, 2016

Summary of the activity in the Company's allowance for doubtful accounts

The following table summarizes the activity in the Company's allowance for doubtful accounts during fiscal years 2016, 2015 and 2014:



	Balance at Beginning of Year		Charged to Costs and Expenses		Deductions/ Write-Offs			Balance at End of Year
	(In thousands)
Allowance for doubtful accounts:
Year ended March 31, 2014	$	10,877	$	2,029	$	(7,377	)	$	5,529
Year ended March 31, 2015	$	5,529	$	650	$	(1,645	)	$	4,534
Year ended March 31, 2016	$	4,534	$	72,295	$	(12,221	)	$	64,608

Schedule of cash and cash equivalents

Cash and cash equivalents consisted of the following:



	As of March 31,
	2016		2015
	(In thousands)
Cash and bank balances	$	533,438	$	953,549
Money market funds and time deposits	1,074,132		674,859
	$	1,607,570	$	1,628,408

Schedule of components of inventories

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



	As of March 31,
	2016		2015
	(In thousands)
Raw materials	$	2,234,512	$	2,330,428
Work-in-progress	561,282		557,786
Finished goods	695,862		600,538
	$	3,491,656	$	3,488,752

Schedule of property and equipment, net

Property and equipment was comprised of the following:



	Depreciable Life (In Years)	As of March 31,
	Depreciable Life (In Years)	2016			2015
		(In thousands)
Machinery and equipment	3 - 10	$	3,187,590		$	2,928,903
Buildings	30	1,144,798			1,067,837
Leasehold improvements	up to 30	397,340			459,926
Furniture, fixtures, computer equipment and software	3 - 7	477,203			440,878
Land	—	127,927			123,633
Construction-in-progress	—	178,851			140,786
		5,513,709			5,161,963
Accumulated depreciation and amortization		(3,256,076		)	(3,069,796		)
Property and equipment, net		$	2,257,633		$	2,092,167

Schedule of goodwill

The following table summarizes the activity in the Company's goodwill at the one reporting unit level through December 31, 2014, and at the four reporting unit level from January 1, 2015 through March 31, 2016 (in thousands):



	HRS			CTG		IEI		CEC		Total
Balance, as of March 31, 2014	$	—		$	—	$	—	$	—	$	292,758
Additions (1)	—			—		—		—		36,467
Purchase accounting adjustments (2)	—			—		—		—		8,651
Foreign currency translation adjustments	—			—		—		—		(3,393		)
Balance, as of December 31, 2014 (3)	93,990			68,234		64,221		108,038		334,483
Purchase accounting adjustments (2)	(656		)	—		—		—		(656		)
Foreign currency translation adjustments	(196		)	—		—		—		(196		)
Balance, as of March 31, 2015	93,138			68,234		64,221		108,038		333,631
Additions (1)	340,610			—		258,582		3,655		602,847
Purchase accounting adjustments (2)	125			—		—		—		125
Foreign currency translation adjustments	5,463			—		—		—		5,463
Balance, as of March 31, 2016	$	439,336		$	68,234	$	322,803	$	111,693	$	942,066

_______________________________________________________________________________


(1)	The goodwill generated from the Company's business combinations completed during the fiscal years 2016 and 2015 are primarily related to value placed on the employee workforce, service offerings and capabilities and expected synergies. The goodwill is not deductible for income tax purposes. Refer to the discussion of the Company's business acquisitions in note 17.


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


(3)	Goodwill is allocated to each of the reporting units based on the relative fair values assessed in conjunction with the goodwill impairment testing conducted as of January 1, 2015.

Schedule of components of acquired intangible assets

The components of acquired intangible assets are as follows:



	As of March 31, 2016							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	$	223,046	$	(66,473	)	$	156,573	$	133,853	$	(80,506	)	$	53,347
Licenses and other intangibles	285,053		(37,872		)	247,181		39,985		(11,788		)	28,197
Total	$	508,099	$	(104,345	)	$	403,754	$	173,838	$	(92,294	)	$	81,544

Schedule of estimated future annual amortization expense for intangible assets

The estimated future annual amortization expense for acquired intangible assets is as follows:



Fiscal Year Ending March 31,	Amount
	(In thousands)
2017	$	76,921
2018	62,474
2019	55,844
2020	47,252
2021	42,961
Thereafter	118,302
Total amortization expense	$	403,754