RECENT ACCOUNTING PRONOUNCEMENTS (Tables)

12 Months Ended

Mar. 31, 2019

Accounting Changes and Error Corrections [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The cumulative effect of the changes made to the Company's consolidated April 1, 2018 balance sheet for the adoption of Topic 606 was as follows (in thousands):

	March 31, 2018		Adjustments due to Topic 606 (increase/(decrease))			April 1, 2018
ASSETS
Current assets:
Accounts receivable, net	$	152,888	$	14,221		$	167,109
Total current assets	899,726		14,221			913,947
Deferred tax and other assets	19,534		(493		)	19,041
Total assets	$	1,076,887	$	13,728		$	1,090,615
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accrued liabilities	$	80,097	$	11,133		$	91,230
Total current liabilities	125,514		11,133			136,647
Total liabilities	723,917		11,133			735,050
Commitments and contingencies (Note 9)
Stockholders' equity:
Retained earnings	299,066		2,595			301,661
Total stockholders' equity before treasury stock	1,179,397		2,595			1,181,992
Total stockholders' equity	352,970		2,595			355,565
Total liabilities and stockholders' equity	$	1,076,887	$	13,728		$	1,090,615

The following tables summarize the impacts of adopting Topic 606 on the Company’s consolidated balance sheet as of March 31, 2019:

	March 31, 2019 As Reported		Adjustments due to Topic 606* (increase/(decrease))			March 31, 2019 Without Adoption of Topic 606
ASSETS
Current assets:
Accounts receivable, net	$	337,671	$	(96,023	)	$	241,648
Other current assets	50,488		(813		)	49,675
Total current assets	781,146		(96,836		)	684,310
Deferred tax and other assets	26,508		(2,597		)	23,911
Total assets	$	3,116,535	$	(99,433	)	$	3,017,102
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accrued liabilities	$	398,715	$	(84,562	)	$	314,153
Total current liabilities	528,229		(84,562		)	443,667
Other long-term liabilities	142,697		(803		)	141,894
Total liabilities	2,394,848		(85,365		)	2,309,483
Commitments and contingencies (Note 7)
Stockholders' equity:
Retained earnings	143,344		(14,068		)	129,276
Total stockholders' equity before treasury stock	1,575,360		(14,068		)	1,561,292
Total stockholders' equity	721,687		(14,068		)	707,619
Total liabilities and stockholders' equity	$	3,116,535	$	(99,433	)	$	3,017,102

* The ASC 606 related adjustments include the impact of purchase accounting.

The following tables summarize the impacts of adopting Topic 606 on the Company’s the consolidated financial statements for the year ended March 31, 2019:

CONSOLIDATED STATEMENTS OF OPERATIONS Selected Line Items (in thousands) (Unaudited)
	March 31, 2019 As Reported			Adjustments due to Topic 606 (increase/(decrease))			March 31, 2019 Without Adoption of Topic 606
Net revenues
Net product revenues	$	1,510,770		$	(1,347	)	$	1,509,423
Net service revenues	163,765			1,598			165,363
Total net revenues	1,674,535			251			1,674,786
Gross profit	694,139			251			694,390
Operating expenses
Selling, general, and administrative	567,879			3,070			570,949
Total operating expenses	803,434			3,070			806,504
Operating loss	(109,295		)	(2,819		)	(112,114		)
Loss before income taxes	(185,692		)	(2,819		)	(188,511		)
Income tax expense (benefit)	(50,131		)	(309		)	(50,440		)
Net loss	$	(135,561	)	$	(2,510	)	$	(138,071	)
Loss per common share:
Basic	$	(3.61	)	$	(0.07	)	$	(3.68	)
Diluted	$	(3.61	)	$	(0.07	)	$	(3.68	)

The following tables summarize the impacts of adopting Topic 606 on the Company’s consolidated statement of comprehensive loss for the Fiscal Year ended March 31, 2019:

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS Selected Line Items (in thousands) (Unaudited)
	March 31, 2019 as Reported			Adjustments due to Topic 606 (increase/(decrease))			March 31, 2019 Without Adoption of Topic 606
Net loss	$	(135,561	)	$	(2,510	)	$	(138,071	)
Comprehensive loss	$	(138,905	)	$	(2,510	)	$	(141,415	)