Activity during the nine months ended December 31, 2022, related to estimated sales returns were as follows:


	Recovery Asset		Refund Liability
Balance, March 31, 2022	$	11,491	$	(39,867)
Net additions to sales return liability*	55,080		(182,914)
Actual returns	(41,202)		146,695
Balance, December 31, 2022	$	25,369	$	(76,086)

Activity during the nine months ended December 31, 2021, related to estimated sales returns were as follows:


	Recovery Asset		Refund Liability
Balance, March 31, 2021	$	10,704	$	(37,717)
Net additions to sales return liability*	29,603		(122,153)
Actual returns	(26,774)		111,851
Balance, December 31, 2021	$	13,533	$	(48,019)

*Net additions to the sales return liability include a provision for anticipated sales returns, which consists of both contractual return rights and discretionary authorized returns.

Activity during the nine months ended December 31, 2022, related to loyalty programs were as follows:


	Amounts
Balance, March 31, 2022	$	(10,883)
Redemptions and expirations for loyalty certificates and points recognized in net sales	32,096
Deferred revenue for loyalty points and certificates issued	(41,354)
Balance, December 31, 2022	$	(20,141)

Activity during the nine months ended December 31, 2021, related to loyalty programs were as follows:


	Amounts
Balance, March 31, 2021	$	(12,231)
Redemptions and expirations for loyalty certificates and points recognized in net sales	38,034
Deferred revenue for loyalty points and certificates issued	(42,834)
Balance, December 31, 2021	$	(17,031)


	Amounts
Balance, March 31, 2022	$	(15,804)
Additions of customer cash payments	(41,782)
Revenue recognized	46,138
Balance, December 31, 2022	$	(11,448)

Activity during the nine months ended December 31, 2021, related to deferred revenue were as follows:


	Amounts
Balance, March 31, 2021	$	(5,425)
Additions of customer cash payments	(36,507)
Revenue recognized	28,341
Balance, December 31, 2021	$	(13,591)