CONCENTRATION OF BUSINESS

6 Months Ended

Sep. 30, 2024

Regions and Customers. The Company sells its products globally to customers and consumers in various countries, with net sales concentrations as follows:


	Three Months Ended September 30,						Six Months Ended September 30,
	2024			2023			2024			2023
International net sales	$	457,410		$	343,874		$	766,901		$	600,130
% of net sales	34.9		%	31.5		%	35.9		%	33.9		%
Net sales in foreign currencies	$	375,182		$	292,344		$	552,806		$	441,315
% of net sales	28.6		%	26.8		%	25.9		%	25.0		%
Ten largest global customers as % of net sales	32.5		%	33.6		%	27.6		%	27.9		%

For the three and six months ended September 30, 2024, and 2023, no single foreign country comprised 10.0% or more of the Company’s total net sales. For the three and six months ended September 30, 2024, and 2023, no single global customer accounted for 10.0% or more of the Company’s total net sales.

As of September 30, 2024, the Company has one customer that represents 12.1% of trade accounts receivable, net, compared to two customers that in total represented 31.2% of trade accounts receivable, net as of March 31, 2024. Management performs regular evaluations concerning the ability of the Company’s customers to satisfy their obligations to the Company and recognizes an allowance for doubtful accounts based on these evaluations.

Long-Lived Assets. Long-lived assets, which consist of property and equipment, net, recorded in the condensed consolidated balance sheets, are as follows:


	September 30, 2024		March 31, 2024
United States	$	282,872	$	270,561
Foreign (1)	36,708		31,561
Total	$	319,580	$	302,122

(1) No single foreign country’s property and equipment, net, represents 10.0% or more of the Company’s total property and equipment, net, as of September 30, 2024, and March 31, 2024.