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UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Mar. 31, 2025
Current assets:    
Cash and cash equivalents $ 402,157 $ 389,375
Accounts receivable—trade, net 676,778 516,925
Accounts receivable—other, net 44,335 19,382
Inventories 154,138 120,440
Deferred costs 71,324 66,769
Other current assets 23,990 28,500
Current assets of discontinued operations 0 222,399
Total current assets 1,372,722 1,363,790
Deferred tax asset 10,621 3,658
Property, equipment, and other assets—net 109,431 98,657
Goodwill 202,927 202,858
Other intangible assets—net 71,126 82,007
Non-current assets of discontinued operations 0 133,835
TOTAL ASSETS 1,766,827 1,884,805
Current liabilities:    
Accounts payable 281,833 324,580
Accounts payable—floor plan 98,533 89,527
Salaries and commissions payable 45,708 42,219
Deferred revenue 163,460 152,631
Other current liabilities 38,586 22,463
Current liabilities of discontinued operations 0 166,463
Total current liabilities 628,120 797,883
Deferred tax liability—long-term 0 1,454
Deferred revenue—long-term 80,235 81,759
Other liabilities 12,390 13,540
Non-current liabilities of discontinued operations 0 12,546
TOTAL LIABILITIES 720,745 907,182
COMMITMENTS AND CONTINGENCIES (Note 9)
STOCKHOLDERS' EQUITY    
Preferred stock, $0.01 per share par value; 2,000 shares authorized; none outstanding 0 0
Common stock, $0.01 per share par value; 50,000 shares authorized; 26,565 outstanding at September 30, 2025, and 26,526 outstanding at March 31, 2025 277 276
Additional paid-in capital 202,012 193,698
Treasury stock, at cost, 1,163 shares at September 30, 2025, and 1,056 shares at March 31, 2025 (78,456) (70,748)
Retained earnings 916,852 850,956
Accumulated other comprehensive income—foreign currency translation adjustment 5,397 3,441
Total Stockholders' Equity 1,046,082 977,623
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,766,827 $ 1,884,805