v3.25.4
REVENUES (Tables)
 9 Months Ended
Dec. 31, 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 December 31,Nine Months Ended December 31,
2025202420252024
Net revenues by product category:
Apparel$934,015 $966,068 $2,617,090 $2,671,048 
Footwear265,135 301,208 794,616 924,357 
Accessories107,660 110,432 320,815 319,358 
Net Sales1,306,810 1,377,708 3,732,521 3,914,763 
License revenues27,155 23,904 80,501 70,371 
Corporate Other(6,204)(573)(17,813)(1,407)
    Total net revenues$1,327,761 $1,401,039 $3,795,209 $3,983,727 

Net revenues by distribution channel:
Wholesale$659,965 $704,760 $2,084,065 $2,211,266 
Direct-to-consumer646,845 672,948 1,648,456 1,703,497 
Net Sales1,306,810 1,377,708 3,732,521 3,914,763 
License revenues27,155 23,904 80,501 70,371 
Corporate Other(6,204)(573)(17,813)(1,407)
    Total net revenues$1,327,761 $1,401,039 $3,795,209 $3,983,727 
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:
December 31, 2025March 31, 2025
Customer refund liability$143,423 $146,021 
Inventory associated with reserves for sales returns$33,553 $33,609 
Schedule of Change in Contract Liabilities
The following table summarizes the change in the contract liabilities balance during the nine months ended December 31, 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 deferred61,456 
Revenues recognized (1)
(63,076)
Foreign exchange and other(647)
Balance as of December 31, 2025$32,075 
(1) Includes approximately $12.4 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.