RISK MANAGEMENT AND DERIVATIVES (Tables)
|
6 Months Ended |
Sep. 30, 2025 |
|---|
| Derivative Instruments and Hedging Activities Disclosure [Abstract] |
|
| Schedule of Derivatives Balance Sheet Location |
The following table presents the fair value of the Company's foreign currency contracts within the respective line items on the Condensed Consolidated Balance Sheets. Refer to Note 13 of these Condensed Consolidated Financial Statements for a discussion of the fair value measurements. | | | | | | | | | | | | | September 30, 2025 | | March 31, 2025 | | Derivatives designated as hedging instruments | | | | | Prepaid expenses and other current assets, net | $ | 2,618 | | | $ | 13,137 | | | Other long-term assets | 1,328 | | | 507 | | | Total derivative assets designated as hedging instruments | $ | 3,946 | | | $ | 13,644 | | | | | | | Other current liabilities | $ | 35,996 | | | $ | 6,359 | | | Other long-term liabilities | 9,716 | | | 5,581 | | | Total derivative liabilities designated as hedging instruments | $ | 45,712 | | | $ | 11,940 | | | | | | | Derivatives not designated as hedging instruments | | | | | Prepaid expenses and other current assets, net | $ | — | | | $ | 78 | | | Total derivative assets not designated as hedging instruments | $ | — | | | $ | 78 | | | | | | | Other current liabilities | $ | 1,048 | | | $ | 1,590 | | | Total derivative liabilities not designated as hedging instruments | $ | 1,048 | | | $ | 1,590 | |
|
| Schedule of Effects of Cash Flow Hedges |
The following table presents the amounts in the Condensed Consolidated Statements of Operations in which the effects of cash flow hedges are recorded and the effects of cash flow hedge activity on these line items:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Six Months Ended September 30, | | 2025 | | 2024 | | 2025 | | 2024 | | Total | | Amount of Gain (Loss) on Cash Flow Hedge Activity | | Total | | Amount of Gain (Loss) on Cash Flow Hedge Activity | | Total | | Amount of Gain (Loss) on Cash Flow Hedge Activity | | Total | | Amount of Gain (Loss) on Cash Flow Hedge Activity | | Net revenues | $ | 1,333,380 | | | $ | (9,044) | | | $ | 1,399,023 | | | $ | (3,229) | | | $ | 2,467,448 | | | $ | (11,941) | | | $ | 2,582,688 | | | $ | (3,154) | | | Cost of goods sold | $ | 702,796 | | | $ | 3,213 | | | $ | 702,891 | | | $ | (410) | | | $ | 1,290,368 | | | $ | 8,875 | | | $ | 1,323,881 | | | $ | (3,571) | | | Interest income (expense), net | $ | (8,605) | | | $ | (10) | | | $ | (1,747) | | | $ | (9) | | | $ | (12,656) | | | $ | (19) | | | $ | 597 | | | $ | (18) | | | Other income (expense), net | $ | (942) | | | $ | — | | | $ | (3,420) | | | $ | — | | | $ | (5,637) | | | $ | — | | | $ | (6,150) | | | $ | — | |
|
| Schedule of Cash Flows in AOCI |
The following tables present the amounts affecting the Condensed Consolidated Statements of Comprehensive Income (Loss) from derivatives designated as cash flow hedges: | | | | | | | | | | | | | | | | | | | | | | | | | Balance as of
June 30, 2025 | | Amount of gain (loss) recognized in other comprehensive income (loss) on derivatives | | Amount of gain (loss) reclassified from other comprehensive income (loss) into income | | Balance as of
September 30, 2025 | | Foreign currency contracts | $ | (58,566) | | | $ | 11,615 | | | $ | (5,831) | | | $ | (41,120) | | | Interest rate swaps | (377) | | | — | | | (10) | | | (367) | | | Total designated as cash flow hedges | $ | (58,943) | | | $ | 11,615 | | | $ | (5,841) | | | $ | (41,487) | |
| | | | | | | | | | | | | | | | | | | | | | | | | Balance as of
June 30, 2024 | | Amount of gain (loss) recognized in other comprehensive income (loss) on derivatives | | Amount of gain (loss) reclassified from other comprehensive income (loss) into income | | Balance as of
September 30, 2024 | | Foreign currency contracts | $ | 12,797 | | | $ | (38,740) | | | $ | (3,639) | | | $ | (22,304) | | | Interest rate swaps | (413) | | | — | | | (9) | | | (404) | | | Total designated as cash flow hedges | $ | 12,384 | | | $ | (38,740) | | | $ | (3,648) | | | $ | (22,708) | |
| | | | | | | | | | | | | | | | | | | | | | | | | Balance as of
March 31, 2025 | | Amount of gain (loss) recognized in other comprehensive income (loss) on derivatives | | Amount of gain (loss) reclassified from other comprehensive income (loss) into income | | Balance as of
September 30, 2025 | | Foreign currency contracts | $ | 7,081 | | | $ | (51,267) | | | $ | (3,066) | | | $ | (41,120) | | | Interest rate swaps | (386) | | | — | | | (19) | | | (367) | | | Total designated as cash flow hedges | $ | 6,695 | | | $ | (51,267) | | | $ | (3,085) | | | $ | (41,487) | |
| | | | | | | | | | | | | | | | | | | | | | | | | Balance as of
March 31, 2024 | | Amount of gain (loss) recognized in other comprehensive income (loss) on derivatives | | Amount of gain (loss) reclassified from other comprehensive income (loss) into income | | Balance as of September 30, 2024 | | Foreign currency contracts | $ | (10,645) | | | $ | (18,384) | | | $ | (6,725) | | | $ | (22,304) | | | Interest rate swaps | (422) | | | — | | | (18) | | | (404) | | | Total designated as cash flow hedges | $ | (11,067) | | | $ | (18,384) | | | $ | (6,743) | | | $ | (22,708) | |
|
| Schedule of Fair Value Hedging Activity |
The following table presents the amounts in the Condensed Consolidated Statements of Operations in which the effects of undesignated derivative instruments are recorded and the effects of fair value hedge activity on these line items:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Six Months Ended September 30, | | 2025 | | 2024 | | 2025 | | 2024 | | Total | | Amount of Gain (Loss) on Fair Value Hedge Activity | | Total | | Amount of Gain (Loss) on Fair Value Hedge Activity | | Total | | Amount of Gain (Loss) on Fair Value Hedge Activity | | Total | | Amount of Gain (Loss) on Fair Value Hedge Activity | | Other income (expense), net | $ | (942) | | | $ | 2,195 | | | $ | (3,420) | | | $ | 3,541 | | | $ | (5,637) | | | $ | (1,136) | | | $ | (6,150) | | | $ | 4,592 | |
|