Income Taxes (Tables)

12 Months Ended

Mar. 31, 2017

Income Tax Disclosure [Abstract]

Components of income taxes

Components of income tax (benefit) expense are as follows:

	Years Ended March 31,
	2017			2016			2015
Current
Federal	$	2,184		$	11,971		$	35,459
State	1,576			2,443			6,861
Foreign	8,039			12,039			7,069
Total	11,799			26,453			49,389
Deferred
Federal	(20,287		)	7,887			8,234
State	(3,446		)	1,113			624
Foreign	(762		)	(833		)	1,112
Total	(24,495		)	8,167			9,970
Income tax (benefit) expense	$	(12,696	)	$	34,620		$	59,359

Actual income taxes differed from that obtained by applying the statutory federal income tax rate to income before income taxes

Income tax (benefit) expense differed from that obtained by applying the statutory federal income tax rate to income before income taxes as follows:

	Years Ended March 31,
	2017			2016			2015
Computed expected income taxes	$	(2,445	)	$	54,910		$	77,399
State income taxes, net of federal income tax benefit	(1,403		)	1,298			3,564
Foreign rate differential	(8,062		)	(28,233		)	(25,535		)
Unrecognized tax benefits	2,691			3,670			3,566
Income tax expense on diminution of operations and nondeductible goodwill	3,921			1,352			—
Foreign income withholding tax expense	432			—			—
Nontaxable income	(5,055		)	—			—
Statutory foreign income tax (benefit) expense	(2,504		)	(477		)	20
Other	(271		)	2,100			345
Income tax (benefit) expense	$	(12,696	)	$	34,620		$	59,359

Tax effects of temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities

The tax effects of temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities are presented as follows:

	As of March 31,
	2017			2016
Deferred tax assets (liabilities), noncurrent:
Amortization and impairment of intangible assets	$	28,304		$	(5,128	)
Depreciation of property and equipment	(19,511		)	(8,804		)
Stock-based compensation	6,258			10,118
Deferred rent	6,809			5,383
Acquisition costs	751			745
Uniform capitalization adjustment to inventory	4,971			5,280
Bad debt and other reserves	15,946			14,163
State taxes	(145		)	863
Prepaid expenses	(4,144		)	(3,622		)
Accrued bonuses	1,456			536
Foreign currency exchange rate hedges	(534		)	(94		)
Other	1,376			1,196
Net operating loss carry-forwards	3,171			—
Net deferred tax assets	$	44,708		$	20,636

Reconciliation of the beginning and ending amounts of total unrecognized tax benefits

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

Balance, March 31, 2015	$	4,667
Gross increase related to current year tax positions	2,332
Gross increase related to prior year tax positions	2,059
Settlements	(363		)
Balance, March 31, 2016	8,695
Gross increase related to current year tax positions	1,878
Gross increase related to prior year tax positions	1,154
Balance, March 31, 2017	$	11,727