INCOME TAXES - (Tables)

12 Months Ended

Mar. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income Before Income Taxes

Components of income before income taxes recorded in the consolidated statements of comprehensive income were as follows:

	Years Ended March 31,
	2024		2023		2022
Domestic (1)	$	688,981	$	467,231	$	396,368
Foreign	289,960		198,851		168,270
Total	$	978,941	$	666,082	$	564,638

(1) Domestic income before income taxes for the years ended March 31, 2024, 2023, and 2022 is presented net of intercompany dividends (or repatriated cash) of $250,000, $0, and $120,000, respectively.

Schedule of Components of Income Tax Expense (Benefit)

Components of income tax expense (benefit) recorded in the consolidated statements of comprehensive income were as follows:

	Years Ended March 31,
	2024		2023		2022
Current
Federal	$	146,939	$	115,708	$	95,012
State	32,065		18,418		22,544
Foreign	41,884		24,853		22,929
Total	220,888		158,979		140,485
Deferred
Federal	(3,113)		4,830		(17,316)
State	(2,336)		382		(4,827)
Foreign	3,939		(14,931)		(5,653)
Total	(1,510)		(9,719)		(27,796)
Total	$	219,378	$	149,260	$	112,689

Schedule of Income Tax Expense Reconciliation

Income tax expense (benefit) differed from that obtained by applying the statutory federal income tax rate to income before income taxes as follows:

	Years Ended March 31,
	2024		2023		2022
Computed expected income taxes	$	205,578	$	139,882	$	118,574
State income taxes, net of federal income tax benefit	32,023		15,881		16,896
Foreign rate differential	(15,976)		(21,420)		(22,188)
Gross unrecognized tax benefits	1,301		20,122		(491)
Intercompany transfers of assets	(1,817)		(13,072)		(219)
US tax on foreign earnings	4,750		7,672		4,325
Other	(6,481)		195		(4,208)
Total	$	219,378	$	149,260	$	112,689

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities are as follows:

	As of March 31,
	2024		2023
Deferred tax assets
Amortization of intangible assets	$	11,416	$	16,788
Operating lease liabilities	38,890		38,673
Uniform capitalization adjustment to inventory	11,822		13,823
State related taxes and credit carryforwards	1,834		—
Reserves and accruals	65,817		48,949
Net operating loss carry-forwards	5,981		3,477
Deferred revenue	880		7,924
Other	2,284		1,070
Gross deferred tax assets	138,924		130,704
Valuation allowances	(1,259)		(1,224)
Total	137,665		129,480
Deferred tax liabilities
Prepaid expenses	(7,060)		(6,930)
Operating lease assets	(29,667)		(31,250)
Depreciation of property and equipment	(28,354)		(18,708)
Total	(65,081)		(56,888)
Deferred tax assets, net	$	72,584	$	72,592

Summary of Income Tax Contingencies

A reconciliation of the beginning and ending amounts of total gross unrecognized tax benefits are as follows:

	Years Ended March 31,
	2024		2023		2022
Beginning balance	$	44,901	$	24,779	$	25,270
Gross increase related to current year tax positions	4,318		6,865		2,520
Gross increase related to prior year tax positions	4,629		16,243		2,750
Gross decrease related to prior year tax positions	(4,698)		(456)		(243)
Settlements	(582)		—		(795)
Lapse of statute of limitations	(2,948)		(2,530)		(4,723)
Ending balance	$	45,620	$	44,901	$	24,779

Total gross unrecognized tax benefits recorded in the consolidated balance sheets are as follows:

	As of March 31,
	2024		2023
Long-term asset
Deferred tax assets, net	$	—	$	3,145
Current liability
Income tax payable	3,998		1,829
Long-term liability
Income tax liability	41,622		39,927
Total	$	45,620	$	44,901