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INCOME TAXES - (Tables)
12 Months Ended
Mar. 31, 2025
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,
202520242023
Domestic (1)
$1,033,428 $688,981 $467,231 
Foreign209,871 289,960 198,851 
Total$1,243,299 $978,941 $666,082 

(1) Domestic income before income taxes for the year ended March 31, 2024 is presented net of intercompany dividends (or repatriated cash) of $250,000. No intercompany dividends (or repatriated cash) that were subject to income taxes from a foreign subsidiary were declared during years ended March 31, 2025 and 2023.
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,
202520242023
Current
Federal$177,652 $146,939 $115,708 
State43,847 32,065 18,418 
Foreign61,254 41,884 24,853 
Total282,753 220,888 158,979 
Deferred
Federal(1,134)(3,113)4,830 
State219 (2,336)382 
Foreign(4,630)3,939 (14,931)
Total(5,545)(1,510)(9,719)
Total$277,208 $219,378 $149,260 
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,
202520242023
Computed expected income taxes$261,093 $205,578 $139,882 
State income taxes, net of federal income tax benefit45,991 32,023 15,881 
Foreign rate differential(13,078)(15,976)(21,420)
Gross unrecognized tax benefits(1,594)1,301 20,122 
Intercompany transfers of assets
10,430 (1,817)(13,072)
US tax on foreign earnings(14,548)4,750 7,672 
Other(11,086)(6,481)195 
Total$277,208 $219,378 $149,260 
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,
20252024
Deferred tax assets
Amortization of intangible assets$12,413 $11,416 
Operating lease liabilities38,051 38,890 
Uniform capitalization adjustment to inventory10,723 11,822 
State related taxes and credit carryforwards
3,107 1,834 
Reserves and accruals69,803 65,817 
Net operating loss carry-forwards10,421 5,981 
Other
1,188 3,164 
Gross deferred tax assets145,706 138,924 
Valuation allowances(5,138)(1,259)
Total140,568 137,665 
Deferred tax liabilities
Prepaid expenses(8,727)(7,060)
Operating lease assets(29,189)(29,667)
Depreciation of property and equipment(23,359)(28,354)
Other(1,702)— 
Total(62,977)(65,081)
Deferred tax assets, net$77,591 $72,584 
Unrecognized Tax Benefits
A reconciliation of the beginning and ending amounts of total gross unrecognized tax benefits are as follows:
Years Ended March 31,
202520242023
Beginning balance$45,620 $44,901 $24,779 
Gross increase related to current year tax positions4,499 4,318 6,865 
Gross increase related to prior year tax positions4,662 4,629 16,243 
Gross decrease related to prior year tax positions(4,309)(4,698)(456)
Settlements with taxing authorities(22,793)(582)— 
Lapse of statute of limitations(6,446)(2,948)(2,530)
Ending balance$21,233 $45,620 $44,901 
Balance Sheet Location of Gross Unrecognized Tax Benefits
Total gross unrecognized tax benefits recorded in the consolidated balance sheets are as follows:
As of March 31,
20252024
Current liability
Income tax payable$5,688 $3,998 
Long-term liability
Income tax liability15,545 41,622 
Total$21,233 $45,620