v3.25.3
REVENUES (Tables)
 6 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Net Revenues Disaggregated by Product Category
The following tables summarize the Company's net revenues, disaggregated by product category and distribution channels:
 Three Months Ended September 30,Six Months Ended September 30,
2025202420252024
Net revenues by product category:
Apparel$936,483 $947,188 $1,683,075 $1,704,980 
Footwear263,626 312,760 529,481 623,149 
Accessories113,077 116,381 213,155 208,926 
Net Sales1,313,186 1,376,329 2,425,711 2,537,055 
License revenues28,984 24,796 53,346 46,467 
Corporate Other(8,790)(2,102)(11,609)(834)
    Total net revenues$1,333,380 $1,399,023 $2,467,448 $2,582,688 

Net revenues by distribution channel:
Wholesale$775,050 $825,993 $1,424,100 $1,506,506 
Direct-to-consumer538,136 550,336 1,001,611 1,030,549 
Net Sales1,313,186 1,376,329 2,425,711 2,537,055 
License revenues28,984 24,796 53,346 46,467 
Corporate Other(8,790)(2,102)(11,609)(834)
    Total net revenues$1,333,380 $1,399,023 $2,467,448 $2,582,688 
Schedule of Customer Refund Liability and Inventory Associated with the Reserves The following table presents the customer refund liability, as well as the associated value of inventory for the periods indicated:
September 30, 2025March 31, 2025
Customer refund liability$134,957 $146,021 
Inventory associated with reserves for sales returns$30,329 $33,609 
Schedule of Change in Contract Liabilities
The following table summarizes the change in the contract liabilities balance during the six months ended September 30, 2025, which primarily results from the timing differences between the Company's satisfaction of performance obligations and the customer's payment.
Total Contract Liabilities
Balance as of March 31, 2025$34,342 
Revenues deferred36,366 
Revenues recognized (1)
(41,172)
Foreign exchange and other(49)
Balance as of September 30, 2025$29,487 
(1) Includes approximately $10.3 million of revenue from gift cards, including breakage, and subscription revenues that were previously included in contract liabilities as of March 31, 2025. Loyalty points are not separately identifiable and therefore revenues recognized from the redemption of loyalty points consists of both points that were included in the liability balance at the beginning of the period and those that were issued during the period.