DETAILS OF CERTAIN BALANCE SHEET ACCOUNTS (Tables)

9 Months Ended

Dec. 31, 2018

Balance Sheet Related Disclosures [Abstract]

Accounts receivable, net

Accounts receivable, net:

	March 31,			December 31,
(in thousands)	2018			2018
Accounts receivable	$	202,270		$	427,326
Provisions for returns	(10,225		)	(154		)	1
Provisions for promotions, rebates, and other	(38,284		)	(57,708		)	1
Provisions for doubtful accounts and sales allowances	(873		)	(5,627		)
Accounts receivable, net	$	152,888		$	363,837

⁽¹⁾Upon adoption of ASC 606, the provision for returns and certain provisions for promotions, rebates and other were reclassified to accrued liabilities as these reserve balances are considered refund liabilities. Refer to Note 2, Recent Accounting Pronouncements, for additional information on the adoption impact.

Inventory, net

Inventory, net:

	March 31,		December 31,
(in thousands)	2018		2018
Raw materials	$	28,789	$	31,204
Work in process	450		266
Finished goods	39,037		128,749
Inventory, net	$	68,276	$	160,219

Accrued liabilities

Accrued Liabilities:

	March 31,		December 31,
(in thousands)	2018		2018
Short term deferred revenue	$	2,986	$	123,537
Employee compensation and benefits	28,655		105,655
Income tax payable	5,583		30,018
Provision for returns	—		20,337		1
Current portion long term debt	—		12,750
Accrued interest	10,424		8,682
Warranty obligation	7,550		15,032
VAT/Sales tax payable	5,297		10,060
Derivative liabilities	2,947		2,802
Accrued other	16,655		123,322
Accrued liabilities	$	80,097	$	452,194

⁽¹⁾ Upon adoption of ASC 606, the provision for returns and certain provisions for promotions, rebates and other were reclassified to accrued liabilities as these reserve balances are considered refund liabilities. Refer to Note 2, Recent Accounting Pronouncements, for additional information on the adoption impact.

Changes in the warranty obligation

Changes in the warranty obligation during the nine months ended December 31, 2017 and 2018 were as follows:

	Nine Months Ended December 31,
(in thousands)	2017			2018
Warranty obligation at beginning of period	$	8,697		$	9,604
Polycom warranty obligation(1)	—			9,095
Warranty provision related to products shipped	7,367			13,533
Deductions for warranty claims processed	(7,711		)	(14,930		)
Adjustments related to preexisting warranties	1,086			(274		)
Warranty obligation at end of period(2)	$	9,439		$	17,028

^{(1) Represents warranty obligation assumed upon completion of the Acquisition on July 2, 2018.}

(2) Includes both short-term and long-term portion of warranty obligation; the prior table shows only the short-term portion included in accrued liabilities on the Company's condensed consolidated balance sheet. The long-term portion is included in other long-term liabilities.