XML 29 R19.htm IDEA: XBRL DOCUMENT v3.25.4
REVENUE RECOGNITION AND BUSINESS CONCENTRATIONS (Tables)
9 Months Ended
Dec. 31, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Net Sales by Channel and Geography Net sales by channel was as follows:
 Three Months Ended December 31,Nine Months Ended December 31,
2025202420252024
Wholesale$864,570 $815,828 $2,553,163 $2,244,263 
Direct-to-Consumer1,092,979 1,011,337 1,799,764 1,719,569 
Total$1,957,549 $1,827,165 $4,352,927 $3,963,832 
Net sales by geography was as follows:
 Three Months Ended December 31,Nine Months Ended December 31,
2025202420252024
Domestic$1,200,889 $1,169,291 $2,541,677 $2,539,057 
International756,660 657,874 1,811,250 1,424,775 
Total$1,957,549 $1,827,165 $4,352,927 $3,963,832 
Schedule of Activity Related to Estimated Sales Returns, Loyalty Program Activity and Deferred Revenue
The following tables summarize changes in the estimated sales returns for the periods presented:
Sales Return Asset
Sales Return Liability
Balance, March 31, 2025$21,120 $(63,462)
Net additions to sales return liability (1)
66,243 (269,629)
Actual returns(50,963)213,633 
Balance, December 31, 2025$36,400 $(119,458)
Sales Return Asset
Sales Return Liability
Balance, March 31, 2024$13,866 $(55,327)
Net additions to sales return liability (1)
63,580 (266,277)
Actual returns(47,842)216,359 
Balance, December 31, 2024$29,604 $(105,245)
(1) Net additions to the sales return liability include a provision for anticipated sales returns, which consists of both contractual return rights and discretionary authorized returns.
Loyalty Programs. Activity related to loyalty programs was as follows:
Nine Months Ended December 31,
20252024
Beginning balance
$(18,566)$(17,586)
Redemptions and expirations for loyalty certificates and points recognized in net sales66,809 45,884 
Deferred revenue for loyalty points and certificates issued(87,347)(56,363)
Ending balance
$(39,104)$(28,065)
Deferred Revenue. Activity related to deferred revenue was as follows:
Nine Months Ended December 31,
20252024
Beginning balance$(27,305)$(9,591)
Additions of customer cash payments(71,472)(69,422)
Revenue recognized75,571 60,217 
Ending balance$(23,206)$(18,796)