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Income Taxes - (Tables)
12 Months Ended
Mar. 31, 2023
Income Tax Disclosure [Abstract]  
Schedule of Income Before Income Taxes Components of income before income taxes recorded in the consolidated statements of comprehensive income were as follows:
Years Ended March 31,
202320222021
Domestic*$467,231 $396,368 $368,328 
Foreign198,851 168,270 133,186 
Total$666,082 $564,638 $501,514 

*Domestic income before income taxes for the years ended March 31, 2023, 2022, and 2021 is presented net of intercompany dividends (or repatriated cash) of $0, $120,000, and $175,000, respectively.
Schedule of Components of Income Tax Expense (Benefit) Components of income tax expense (benefit) recorded in the consolidated statements of comprehensive income were as follows:
Years Ended March 31,
202320222021
Current
Federal$115,708 $95,012 $93,562 
State18,418 22,544 15,595 
Foreign24,853 22,929 17,953 
Total158,979 140,485 127,110 
Deferred
Federal4,830 (17,316)(6,717)
State382 (4,827)(633)
Foreign(14,931)(5,653)(821)
Total(9,719)(27,796)(8,171)
Total$149,260 $112,689 $118,939 
Schedule of Income Tax Expense Reconciliation Income tax expense (benefit) differed from that obtained by applying the statutory federal income tax rate to income before income taxes as follows:
Years Ended March 31,
202320222021
Computed expected income taxes$139,882 $118,574 $105,318 
State income taxes, net of federal income tax benefit (1)15,881 16,896 16,479 
Foreign rate differential(21,420)(22,188)(15,507)
Gross unrecognized tax benefits20,122 (491)7,632 
Intercompany transfers of assets (1)(13,072)(219)(27)
US tax on foreign earnings7,672 4,325 4,252 
Other (1)195 (4,208)792 
Total$149,260 $112,689 $118,939 

(1) Certain reclassifications have been made in the prior periods presented to conform with the current period presentation.
Schedule of Deferred Tax Assets and Liabilities The tax effects of temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities are as follows:
As of March 31,
20232022
Deferred tax assets
Amortization of intangible assets$16,788 $4,828 
Operating lease liabilities38,673 37,020 
Uniform capitalization adjustment to inventory13,823 11,996 
Reserves and accruals (1)48,949 41,894 
Net operating loss carry-forwards3,477 1,802 
Deferred revenue7,924 22,074 
Other (1)1,070 2,024 
Gross deferred tax assets130,704 121,638 
As of March 31,
20232022
Valuation allowances(1,224)(1,206)
Total129,480 120,432 
Deferred tax liabilities
Prepaid expenses(6,930)(5,460)
Operating lease assets(31,250)(28,831)
Depreciation of property and equipment(18,708)(21,924)
Total(56,888)(56,215)
Deferred tax assets, net$72,592 $64,217 

(1) Certain reclassifications have been made in the prior periods presented to conform with the current period presentation.
Summary of Income Tax Contingencies
A reconciliation of the beginning and ending amounts of total gross unrecognized tax benefits are as follows:

Balance, March 31, 2020$17,638 
Gross increase related to current year tax positions2,242 
Gross increase related to prior year tax positions8,566 
Settlements(1,215)
Lapse of statute of limitations(1,961)
Balance, March 31, 202125,270 
Gross increase related to current year tax positions2,520 
Gross increase related to prior year tax positions2,750 
Gross decrease related to prior year tax positions(243)
Settlements(795)
Lapse of statute of limitations(4,723)
Balance, March 31, 202224,779 
Gross increase related to current year tax positions6,865 
Gross increase related to prior year tax positions16,243 
Gross decrease related to prior year tax positions(456)
Lapse of statute of limitations(2,530)
Balance, March 31, 2023$44,901 

Total gross unrecognized tax benefits recorded in the consolidated balance sheets are as follows:

As of March 31,
20232022
Long-term asset
Deferred tax assets, net$3,145 $— 
Current liability
Income tax payable1,829 — 
Long-term liability
Income tax liability39,927 24,779 
Total$44,901 $24,779