INCOME TAXES (Tables)

12 Months Ended

Mar. 31, 2016

Components of income from continuing operations before income taxes

The domestic (Singapore) and foreign components of income before income taxes were comprised of the following:



	Fiscal Year Ended March 31,
	2016		2015		2014
	(In thousands)
Domestic	$	199,283	$	67,482	$	314,639
Foreign	255,392		603,173		85,815
Total	$	454,675	$	670,655	$	400,454

Schedule of provision for income taxes

The provision for income taxes consisted of the following:



	Fiscal Year Ended March 31,
	2016			2015			2014
	(In thousands)
Current:
Domestic	$	56		$	87		$	(681	)
Foreign	74,706			129,863			73,992
	74,762			129,950			73,311
Deferred:
Domestic	3,779			(4,734		)	9
Foreign	(67,947		)	(55,362		)	(38,460		)
	(64,168		)	(60,096		)	(38,451		)
Provision for income taxes	$	10,594		$	69,854		$	34,860

Schedule of reconciliation of the income tax expense from continuing operations expected based on domestic statutory income tax rates to the expense for income taxes

The reconciliation of the income tax expense expected based on domestic statutory income tax rates to the expense for income taxes included in the consolidated statements of operations is as follows:



	Fiscal Year Ended March 31,
	2016			2015			2014
	(In thousands)
Income taxes based on domestic statutory rates	$	77,295		$	114,011		$	68,077
Effect of tax rate differential	(73,286		)	(80,842		)	(68,654		)
Intangible amortization	11,214			5,143			4,750
Change in liability for uncertain tax positions	(13,724		)	29,729			(2,178		)
Change in valuation allowance	1,049			2,495			26,838
Other	8,046			(682		)	6,027
Provision for income taxes	$	10,594		$	69,854		$	34,860

Components of deferred income taxes

The components of deferred income taxes are as follows:



	As of March 31,
	2016			2015
	(In thousands)
Deferred tax liabilities:
Fixed assets	$	(74,316	)	$	(73,327	)
Intangible assets	(88,760		)	—
Others	(29,472		)	(44,603		)
Total deferred tax liabilities	(192,548		)	(117,930		)
Deferred tax assets:
Fixed assets	65,004			80,370
Intangible assets	3,795			28,954
Deferred compensation	15,892			13,618
Inventory valuation	10,124			11,864
Provision for doubtful accounts	1,300			3,149
Net operating loss and other carryforwards	2,332,894			2,394,456
Others	271,272			264,781
	2,700,281			2,797,192
Valuation allowances	(2,385,489		)	(2,521,763		)
Net deferred tax assets	314,792			275,429
Net deferred tax asset	$	122,244		$	157,499
The net deferred tax asset is classified as follows:
Current asset (classified as other current assets)	$	—		$	63,910
Long-term asset	222,772			211,519
Long-term liability	(100,528		)	(117,930		)
Total	$	122,244		$	157,499

Schedule of tax losses and other carryforwards on a tax return basis, which will expire at various dates

These tax losses and other carryforwards will expire at various dates as follows:



Expiration dates of deferred tax assets related to operating losses and other carryforwards
	(In thousands)
2017 - 2022	$	558,108
2023 - 2028	742,981
2029 and post	622,339
Indefinite	436,092
	$	2,359,520

Schedule of reconciliation of beginning and ending amount of unrecognized tax benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:



	Fiscal Year Ended March 31,
	2016			2015
	(In thousands)
Balance, beginning of fiscal year	$	222,373		$	243,864
Additions based on tax position related to the current year	21,273			27,048
Additions for tax positions of prior years	20,453			24,354
Reductions for tax positions of prior years	(9,578		)	(16,388		)
Reductions related to lapse of applicable statute of limitations	(22,312		)	(11,891		)
Settlements	(12,797		)	(24,049		)
Impact from foreign exchange rates fluctuation	(7,086		)	(20,565		)
Balance, end of fiscal year	$	212,326		$	222,373