XML 24 R5.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2023
Income Statement [Abstract]      
Net sales (Note 2, Note 12, and Note 13) $ 4,985,612 $ 4,287,763 $ 3,627,286
Cost of sales 2,099,949 1,902,275 1,801,916
Gross profit 2,885,663 2,385,488 1,825,370
Selling, general, and administrative expenses (Note 12) 1,706,571 1,457,974 1,172,619
Income from operations (Note 12) 1,179,092 927,514 652,751
Interest income (68,389) (52,208) (15,563)
Interest expense 3,517 2,564 3,442
Other expense (income), net 665 (1,783) (1,210)
Total other income, net (64,207) (51,427) (13,331)
Income before income taxes 1,243,299 978,941 666,082
Income tax expense (Note 5) 277,208 219,378 149,260
Net income 966,091 759,563 516,822
Other comprehensive income (loss), net of tax      
Unrealized gain on cash flow hedges 1,584 0 0
Foreign currency translation loss (505) (11,698) (14,080)
Total other comprehensive income (loss), net of tax 1,079 (11,698) (14,080)
Comprehensive income $ 967,170 $ 747,865 $ 502,742
Net income per share      
Basic (in dollars per share) $ 6.36 $ 4.89 $ 3.25
Diluted (in dollars per share) $ 6.33 $ 4.86 $ 3.23
Weighted-average common shares outstanding (Note 11)      
Basic (in shares) 151,992 155,225 159,023
Diluted (in shares) 152,670 156,285 160,111