Deckers Outdoor (DECK) 10-K 1 Jun 20 2020 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2020	May 14, 2020	Sep. 30, 2019
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Mar. 31, 2020
Document Transition Report	false
Entity File Number	001-36436
Entity Registrant Name	DECKERS OUTDOOR CORP
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	95-3015862
Entity Address, Address Line One	250 Coromar Drive
Entity Address, City or Town	Goleta
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	93117
City Area Code	805
Local Phone Number	967-7611
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	DECK
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 4,102,074
Entity Common Stock, Shares Outstanding (in shares)		27,999,468
Entity Central Index Key	0000910521
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 31, 2019
ASSETS
Cash and cash equivalents	$ 649,436	$ 589,692
Trade accounts receivable, net of allowances ($21,146 and $18,824 as of March 31, 2020 and March 31, 2019, respectively)	185,596	178,602
Inventories, net of reserves ($12,227 and $9,723 as of March 31,2020 and March 31, 2019, respectively)	311,620	278,842
Prepaid expenses	17,760	19,901
Other current assets	21,548	26,028
Income tax receivable	8,151	2,340
Total current assets	1,194,111	1,095,405
Property and equipment, net of accumulated depreciation ($242,138 and $235,939 as of March 31, 2020 and March 31, 2019, respectively)	209,037	213,796
Operating lease assets	243,522
Goodwill	13,990	13,990
Other intangible assets, net of accumulated amortization ($74,421 and $71,186 as of March 31, 2020 and March 31, 2019, respectively)	48,016	51,494
Deferred tax assets, net	28,233	30,870
Other assets	28,209	21,651
Total assets	1,765,118	1,427,206
LIABILITIES AND STOCKHOLDERS' EQUITY
Short-term borrowings	638	603
Trade accounts payable	147,892	124,974
Accrued payroll	42,309	54,462
Operating lease liabilities	49,091
Other accrued expenses	46,281	47,963
Income taxes payable	11,104	19,283
Value added tax payable	3,631	3,239
Total current liabilities	300,946	250,524
Mortgage payable	30,263	30,901
Long-term operating lease liabilities	215,724
Income tax liability	63,547	60,616
Deferred rent obligations		21,107
Other long-term liabilities	14,518	18,928
Total long-term liabilities	324,052	131,552
Commitments and contingencies
Stockholders' equity
Common stock ($0.01 par value; 125,000 shares authorized; shares issued and outstanding of 27,999 and 29,141 as of March 31, 2020 and March 31, 2019, respectively)	280	291
Additional paid-in capital	191,451	178,227
Retained earnings	973,948	889,266
Accumulated other comprehensive loss	(25,559)	(22,654)
Total stockholders' equity	1,140,120	1,045,130
Total liabilities and stockholders' equity	$ 1,765,118	$ 1,427,206

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 31, 2019
Statement of Financial Position [Abstract]
Trade accounts receivable, allowances	$ 21,146	$ 18,824
Inventory reserves	12,227	9,723
Accumulated depreciation	242,138	235,939
Accumulated amortization	$ 74,421	$ 71,186
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized shares (in shares)	125,000,000	125,000,000
Common stock, issued shares (in shares)	27,999,000	29,141,000
Common stock, outstanding shares (in shares)	27,999,000	29,141,000

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Income Statement [Abstract]
Net sales	$ 2,132,689	$ 2,020,437	$ 1,903,339
Cost of sales	1,029,016	980,187	971,697
Gross profit	1,103,673	1,040,250	931,642
Selling, general and administrative expenses	765,538	712,930	709,058
Income from operations	338,135	327,320	222,584
Interest income	(7,261)	(6,028)	(3,057)
Interest expense	5,046	4,661	4,585
Other (income) expense, net	(516)	(247)	360
Total other (income) expense, net	(2,731)	(1,614)	1,888
Income before income taxes	340,866	328,934	220,696
Income tax expense	64,724	64,626	106,302
Net income	276,142	264,308	114,394
Other comprehensive (loss) income, net of tax
Unrealized loss on cash flow hedges	0
Unrealized loss on cash flow hedges		(243)	(613)
Foreign currency translation (loss) gain	(2,905)	(9,428)	14,081
Total other comprehensive (loss) income	(2,905)	(9,671)	13,468
Comprehensive income	$ 273,237	$ 254,637	$ 127,862
Net income per share
Basic (in dollars per share)	$ 9.73	$ 8.92	$ 3.60
Diluted (in dollars per share)	$ 9.62	$ 8.84	$ 3.58
Weighted-average common shares outstanding
Basic (in shares)	28,385	29,641	31,758
Diluted (in shares)	28,694	29,903	31,996

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive (Loss) Income
Beginning balance (in shares) at Mar. 31, 2017		31,987,000
Beginning balance at Mar. 31, 2017	$ 954,255	$ 320	$ 160,797	$ 819,589	$ (26,451)
Increase (Decrease) in Stockholders' Equity
Stock compensation expense (in shares)		15,000
Stock-based compensation expense	14,302		14,302
Shares issued upon vesting (in shares)		148,000
Shares issued upon vesting	765	$ 1	764
Shares withheld for taxes	$ (8,276)		(8,276)
Repurchases of common stock (in shares)	(1,702,653)	(1,703,000)
Repurchases of common stock	$ (149,687)	$ (17)		(149,670)
Net income	114,394			114,394
Total other comprehensive income	13,468				13,468
Ending balance (in shares) at Mar. 31, 2018		30,447,000
Ending balance at Mar. 31, 2018	940,779	$ 304	167,587	785,871	(12,983)
Increase (Decrease) in Stockholders' Equity
Stock compensation expense (in shares)		10,000
Stock-based compensation expense	14,773		14,773
Shares issued upon vesting (in shares)		85,000
Shares issued upon vesting	1,025	$ 1	1,024
Shares withheld for taxes	$ (5,157)		(5,157)
Repurchases of common stock (in shares)	(1,400,699)	(1,401,000)
Repurchases of common stock	$ (161,395)	$ (14)		(161,381)
Net income	264,308			264,308
Total other comprehensive income	(9,671)				(9,671)
Ending balance (in shares) at Mar. 31, 2019		29,141,000
Ending balance at Mar. 31, 2019	1,045,130	$ 291	178,227	889,266	(22,654)
Increase (Decrease) in Stockholders' Equity
Stock compensation expense (in shares)		10,000
Stock-based compensation expense	14,471		14,471
Shares issued upon vesting (in shares)		86,000
Shares issued upon vesting	1,288	$ 1	1,287
Exercise of stock options (in shares)		58,000
Exercise of stock options	3,615	$ 1	3,614
Shares withheld for taxes	$ (6,148)		(6,148)
Repurchases of common stock (in shares)	(1,296,201)	(1,296,000)
Repurchases of common stock	$ (190,405)	$ (13)		(190,392)
Net income	276,142			276,142
Total other comprehensive income	(2,905)				(2,905)
Ending balance (in shares) at Mar. 31, 2020		27,999,000
Ending balance at Mar. 31, 2020	$ 1,140,120	$ 280	$ 191,451	$ 973,948	$ (25,559)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
OPERATING ACTIVITIES
Net income	$ 276,142	$ 264,308	$ 114,394
Reconciliation of net income to net cash provided by (used in) operating activities:
Depreciation, amortization and accretion	38,912	44,941	48,572
Loss on extinguishment of debt	0	447	0
Bad debt expense	3,498	2,849	4,168
Deferred tax expense	2,934	6,939	8,138
Stock-based compensation	14,477	14,774	14,306
Excess tax benefit from stock-based compensation	(1,953)	(546)	(1,982)
Loss on disposal of property and equipment	698	277	387
Impairment of operating lease assets and other long-lived assets	1,365	180	2,417
Restructuring charges	0	295	1,667
Gain on settlement of asset retirement obligations	(705)	0	0
Changes in operating assets and liabilities:
Trade accounts receivable, net	(10,493)	(16,157)	10,770
Inventories, net	(32,777)	8,827	(751)
Prepaid expenses and other current assets	2,477	(515)	11,124
Income tax receivable	(5,811)	(165)	26,999
Net operating lease assets and liabilities	(3,264)
Other assets	(6,558)	2,630	(1,714)
Trade accounts payable	23,312	26,667	(4,462)
Other accrued expenses	(11,112)	(2,792)	30,904
Income taxes payable	(6,226)	4,355	290
Long-term liabilities	1,418	2,191	62,128
Net cash (used in) provided by operating activities	286,334	359,505	327,355
INVESTING ACTIVITIES
Purchases of property and equipment	(32,455)	(29,086)	(34,813)
Proceeds from sales of property and equipment	491	68	116
Net cash used in investing activities	(31,964)	(29,018)	(34,697)
FINANCING ACTIVITIES
Proceeds from short-term borrowings	69,336	162,001	214,751
Repayments of short-term borrowings	(69,197)	(161,621)	(214,889)
Debt issuance costs on short-term borrowings	0	(1,297)	0
Proceeds on issuance of stock for employee stock purchase plan	1,288	1,025	765
Proceeds from exercise of options	3,615	0	0
Repurchases of common stock	(190,405)	(161,395)	(149,687)
Cash paid for shares withheld for taxes	(6,148)	(5,328)	(8,105)
Repayment of mortgage principal	(603)	(578)	(550)
Net cash used in financing activities	(192,114)	(167,193)	(157,715)
Effect of foreign currency exchange rates on cash and cash equivalents	(2,512)	(3,572)	3,263
Net change in cash and cash equivalents	59,744	159,722	138,206
Cash and cash equivalents at beginning of period	589,692	429,970	291,764
Cash and cash equivalents at end of period	649,436	589,692	429,970
Cash paid during the period
Income taxes, net of refunds of $5,389, $3,824, and $23,133, as of March 31, 2020, 2019, and 2018, respectively	74,573	53,657	14,407
Interest	2,466	3,811	3,774
Operating leases	61,120
Non-cash investing and financing activities:
Accrued for purchases of property and equipment	1,171	1,789	2,020
Accrued for asset retirement obligations	224	4,706	1,359
Accrued for shares withheld for taxes	$ 0	$ 0	$ 171

CONSOLIDTED STATEMENTS OF CASH

CONSOLIDTED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Statement of Cash Flows [Abstract]
Income tax refunds	$ 5,389	$ 3,824	$ 23,133

General

General	12 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
General	General The Company . Deckers Outdoor Corporation and its wholly-owned subsidiaries (collectively, the Company) is a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories developed for both everyday casual lifestyles use and high-performance activities. As part of its omni-channel platform, the Company’s proprietary brands are aligned across its Fashion Lifestyle group, including the UGG and Koolaburra brands, and Performance Lifestyle group, including the HOKA, Teva, and Sanuk brands. The Company sells its products through domestic and international retailers, international distributors, and directly to its global consumers through its Direct-to-Consumer (DTC) business, which is comprised of its retail stores and e‑commerce websites. Independent third-party contractors manufacture all of the Company’s products. A significant part of the Company’s business is seasonal, requiring it to build inventory levels during certain quarters in its fiscal year to support higher selling seasons, which contributes to the variation in its results from quarter to quarter. Basis of Presentation. The consolidated financial statements and accompanying notes thereto (referred to herein as consolidated financial statements ) as of March 31, 2020 and 2019 and or the years ended March 31, 2020 , 2019 , and 2018 were prepared in accordance with accounting principles generally accepted in the United States (US GAAP). Consolidation. The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. Reclassifications . Certain reclassifications were made for prior periods presented to conform to the current period presentation. Use of Estimates. The preparation of the Company’s consolidated financial statements in accordance with US GAAP requires management to make estimates and assumptions that affect the amounts reported. Management bases these estimates and assumptions upon historical experience, existing and known circumstances, authoritative accounting pronouncements and other factors that management believes to be reasonable. Although the full impact of the COVID-19 pandemic is unknown and cannot be reasonably estimated, the Company has made appropriate accounting estimates based on the facts and circumstances available as of the reporting date. To the extent there are differences between these estimates and actual results, the Company’s consolidated financial statements may be materially affected. Significant areas requiring the use of management estimates relate to inventory write-downs, trade accounts receivable allowances, including variable consideration for net sales provided to customers, contract assets and liabilities, stock-based compensation, impairment assessments, goodwill and other intangible assets, depreciation and amortization, income tax receivables and liabilities, uncertain tax positions, the fair value of financial instruments, the reasonably certain lease term, lease classification, and the Company's incremental borrowing rate (IBR) utilized to discount its unpaid lease payments to measure its operating lease assets and liabilities. Foreign Currency Translation . The Company considers the United States (US) dollar as its functional currency. The Company’s wholly-owned foreign subsidiaries have various assets and liabilities, primarily cash, receivables, and payables, which are denominated in currencies other than their functional currency. The Company remeasures these monetary assets and liabilities using the exchange rate at the end of the reporting period, which results in gains and losses that are recorded in selling, general and administrative (SG&A) expenses in the consolidated statements of comprehensive income as incurred. In addition, the Company translates assets and liabilities of subsidiaries with reporting currencies other than US dollars into US dollars using the exchange rates at the end of the reporting period, which results in financial statement translation gains and losses recorded in other comprehensive income or loss (OCI). Reportable Operating Segments. The Company’s six reportable operating segments include the worldwide wholesale operations of the UGG brand, HOKA brand, Teva brand, Sanuk brand, and Other brands, as well as DTC (referred to herein as reportable operating segments). Refer to Note 12, “Reportable Operating Segments,” for further information on the Company’s reportable operating segments. Restructuring Plan . In February 2016, the Company announced the implementation of a multi-year restructuring plan which was designed to realign its brands across its Fashion Lifestyle and Performance Lifestyle groups, optimize the Company’s worldwide owned retail store fleet, and consolidate its management and operations. In general, the intent of this restructuring plan was to reduce overhead costs and create operating efficiencies while improving collaboration across brands. As of March 31, 2019, the Company has completed its restructuring plan, incurred cumulative restructuring charges to date, and does not anticipate incurring restructuring charges in connection with this plan in future periods. In connection with the restructuring plan, the Company closed 46 Company-owned global retail stores as of March 31, 2019, including conversions to partner retail stores, and consolidated its brand operations and corporate headquarters. Through March 31, 2019, the Company had incurred cumulative restructuring charges by applicable reportable operating segment as follows: Years Ended March 31, Cumulative Restructuring Charges* 2019 2018 UGG brand wholesale $ — $ — $ 2,238 Sanuk brand wholesale — — 3,068 Other brands wholesale — — 2,263 Direct-to-Consumer — 149 23,454 Unallocated overhead costs 295 1,518 24,596 Total $ 295 $ 1,667 $ 55,619 *Cumulative restructuring charges include restructuring charges of $28,984 and $24,673 , which were incurred during the fiscal years ended March 31, 2017 and 2016, respectively. During the years ended March 31, 2019 and 2018, total restructuring charges incurred and stated above were recorded in SG&A expenses in the consolidated statements of comprehensive income . The remaining accrued liabilities for cumulative restructuring charges incurred to date under the Company’s restructuring plan and recorded in the consolidated balance sheets , are as follows: Lease Termination Severance Costs Other* Total Balance, March 31, 2017 $ 4,572 $ 2,555 $ 3,953 $ 11,080 Additional charges 149 — 1,518 1,667 Paid in cash (1,076 ) (2,555 ) (4,388 ) (8,019 ) Balance, March 31, 2018 3,645 — 1,083 4,728 Additional charges 295 — — 295 Paid in cash (1,856 ) — (581 ) (2,437 ) Balance, March 31, 2019 2,084 — 502 2,586 Paid in cash (656 ) — (317 ) (973 ) Balance, March 31, 2020 $ 1,428 $ — $ 185 $ 1,613 *Includes costs related to office consolidations and termination of contracts and services. Refer to Part II, Item 7, “Management's Discussion and Analysis of Financial Condition and Results of Operations,” under the heading "Recent Developments" within this Annual Report for information regarding the Company’s realized annualized SG&A expense savings as of March 31, 2019 resulting from the implementation of this restructuring plan. Recent Accounting Pronouncements. The Financial Accounting Standards Board has issued accounting standards updates (ASUs) that have been adopted and not yet adopted by the Company for its annual and interim reporting periods as stated below. Recently Adopted. Adopted ASUs during the year ended March 31, 2020 and the impact on the Company, were as follows: Standard Description Impact on Adoption ASU No. 2016-02, Leases (as amended by ASUs 2015-14, 2018-01, 2018-10, 2018-11, 2018-20, and 2019-01) Requires a lessee to recognize a lease asset and lease liability in its consolidated balance sheets. A lessee should recognize a right-of-use (ROU) asset representing its right to use the underlying asset for the estimated lease term, and a liability for related lease payments. The Company adopted this ASU (the new lease standard) on a modified retrospective basis beginning April 1, 2019. On adoption, the Company recorded a $230,048 increase to total assets due to the recognition of ROU assets, net of prior legacy US GAAP lease-related balances for deferred rent obligations and tenant allowances of $27,895, as previously recorded in other accrued expenses, deferred rent obligations, and other long-term liabilities, in the consolidated balance sheets. In addition, the Company recorded a corresponding $254,538 increase to total liabilities due to the recognition of lease liabilities, net of a prior legacy US GAAP lease-related balance for prepaid rent of $4,846, as previously recorded in prepaid expenses, in the consolidated balance sheets. ROU assets and lease liabilities include lease obligations for operating leases for retail stores, showrooms, offices, and distribution facilities. ROU assets and related lease liabilities are presented as operating lease assets and operating lease liabilities in the consolidated balance sheets. including its borrowing strategy subject to leverage ratios. However, it did result in additional disclosures and presentation changes to the consolidated statements of cash flows in the current period, including supplemental cash flow disclosure, as well as expanded disclosures on existing and new lease commitments. Standard Description Impact on Adoption ASU No. 2017-12, Derivatives and Hedging: Targeted Improvements to Accounting for Hedging Activities (as amended by ASUs 2018-16 and 2019-04) Seeks to improve the transparency and understandability of information conveyed to financial statement users about an entity's risk management activities and to reduce the complexity of and simplify the application of hedge accounting. This ASU eliminates the requirement to separately measure and report hedge ineffectiveness. The Company adopted this ASU (the new hedging standard) beginning April 1, 2019 on a prospective basis, which did not have a material impact on the consolidated financial statements. However, the Company made a change in accounting policy with respect to ineffective hedges and elected not to exclude hedge components from the periodic assessment of hedge effectiveness. Under legacy US GAAP, these amounts were excluded from hedge effectiveness and therefore excluded as a component of accumulated other comprehensive loss (AOCL), and immediately recorded in SG&A expenses in the consolidated statements of comprehensive income. Under the new hedging standard, these gains or losses will now be recorded as a component of AOCL and will be reclassified to net sales in the consolidated statements of comprehensive income in the same period or periods as the related net sales are recorded. The comparative consolidated financial statements have not been restated and continue to be reported under legacy US GAAP in effect for those prior reporting periods presented. Refer to Note 9, “Derivative Instruments,” for further information on the Company's hedging instruments. Not Yet Adopted. Applicable ASUs issued that have not yet been adopted by the Company, the planned period of adoption, and the expected impact on the Company on adoption, are as follows: Standard Description Planned Period of Adoption Expected Impact on Adoption ASU No. 2017-04, Goodwill and Other: Simplifying the Test for Goodwill Impairment (as amended by ASU 2019-06) Requires annual and interim goodwill impairment tests be performed by comparing the fair value of a reporting unit with its carrying amount, effectively eliminating step two of the goodwill impairment test under legacy US GAAP. The amount by which the carrying amount exceeds the reporting unit’s fair value will continue to be recognized as an impairment charge. Q1 FY 2021 The Company does not expect that the adoption of this ASU will have a material impact on its consolidated financial statements. ASU No. 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments (as amended by ASUs 2018-19, 2019-04, 2019-05, 2019-11, 2020-02, and 2020-03) Replaces the incurred loss impairment methodology in legacy US GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. Q1 FY 2021 The Company does not expect that the adoption of this ASU will have a material impact on its consolidated financial statements. ASU No. 2019-12, Income Taxes - Simplifying the Accounting for Income Taxes Removes certain exceptions for recognizing deferred taxes for investments, performing intra-period allocation and calculating income taxes in interim periods, as well as reduces complexity in certain areas, including recognizing deferred taxes for tax goodwill and allocating taxes to members of a consolidated group. Q1 FY 2022 The Company is currently evaluating the impact of the adoption of this ASU; however, the Company does not expect that the adoption will have a material impact on its consolidated financial statements. Standard Description Planned Period of Adoption Expected Impact on Adoption ASU No. 2020-04, Reference Rate Reform - Facilitation of the Effects of Reference Rate Reform on Financial Reporting London Interbank Offered Rate (LIBOR) is a benchmark interest rate referenced in a variety of agreements that are used by all types of entities. At the end of 2021, banks will no longer be required to report information that is used to determine LIBOR. As a result, LIBOR could be discontinued. Other interest rates used globally could also be discontinued for similar reasons. This ASU provides companies with optional guidance to ease the potential accounting burden associated with transitioning away from reference rates that are expected to be discontinued. Guidance is limited for adoption through December 31, 2022. Q4 FY 2021 The Company is currently evaluating the impact of the adoption of this ASU on its consolidated financial statements. Summary of Significant Accounting Policies. The following are a summary of the Company’s significant accounting policies applied to its consolidated financial statements : Cash Equivalents . The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. Cash and cash equivalents included $436,241 and $372,178 of money market funds as of March 31, 2020 and 2019 , respectively. Allowances for Doubtful Accounts . The Company provides an allowance against trade accounts receivable for estimated losses that may result from customers’ inability to pay. The Company determines the amount of the allowance by analyzing known uncollectible accounts, aged trade accounts receivable, economic conditions and forecasts, historical experience and the customers’ creditworthiness. Trade accounts receivable that are subsequently determined to be uncollectible are charged or written off against this allowance. Additions to the allowance represent bad debt expense estimates which are recorded in SG&A expenses in the consolidated statements of comprehensive income . The allowance includes specific allowances for trade accounts, for which all or a portion are identified as potentially uncollectible based on known or anticipated losses. Inventories . Inventories, principally finished goods on hand and in transit, are stated at the lower of cost (weighted average) or net realizable value less an approximate normal profit margin at each financial statement date. Cost includes shipping, duty, and handling fees which are subsequently expensed to cost of sales. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Cloud Computing Arrangements . The Company enters into various cloud computing arrangements (CCA) that are governed by service contracts (hosting arrangements) to support operations. Application development stage implementation costs (implementation costs) of a hosting arrangement are deferred and recorded to prepaid expenses and other assets in the consolidated balance sheets . Implementation costs are expensed on a straight-line basis and recorded in SG&A expenses in the consolidated statements of comprehensive income over the term of the hosting arrangement, including reasonably certain renewals, which are generally one to five years . Property and Equipment, Depreciation and Amortization . Property and equipment are stated at cost less accumulated depreciation and amortization, and generally have a useful life of at least one year . Property and equipment include tangible, non-consumable items owned by the Company. Software implementation costs are capitalized if they are incurred during the application development stage and relate to costs to obtain computer software from third parties, including related consulting expenses, or costs incurred to modify existing software that results in additional upgrades or enhancements that provide additional functionality. Depreciation of property and equipment is calculated using the straight-line method based on the estimated useful life. Leasehold improvements are amortized to their residual value, if any, on the straight-line basis over their estimated economic useful lives or the lease term, whichever is shorter. Changes in the estimate of the useful life of an asset may occur after an asset is placed in service. For example, this may occur as a result of the Company incurring costs that prolong the useful life of an asset and are recorded as an adjustment to depreciation over the revised remaining useful life. Depreciation and amortization are recorded in SG&A expenses in the consolidated statements of comprehensive income . Property and equipment, net, are summarized as follows: As of March 31, Useful life (years) 2020 2019 Land Indefinite $ 32,864 $ 32,864 Building 39.5 35,093 35,094 Machinery and equipment 1-10 145,423 150,921 Furniture and fixtures 3-7 35,024 37,157 Computer software 3-10 80,718 76,495 Leasehold improvements 1-11 104,497 108,717 Construction in progress 17,556 8,487 Gross property and equipment 451,175 449,735 Less accumulated depreciation and amortization (242,138 ) (235,939 ) Property and equipment, net $ 209,037 $ 213,796 Operating Lease Assets and Lease Liabilities . The Company determines if an arrangement contains a lease at inception of a contract. The Company recognizes operating lease assets and lease liabilities in the consolidated balance sheets on the lease commencement date, based on the present value of the outstanding lease payments over the reasonably certain lease term. The lease term includes the non-cancelable period at the lease commencement date, plus any additional periods covered by the Company's options to extend (or not to terminate) the lease that are reasonably certain to be exercised, or an option to extend (or not to terminate) a lease that is controlled by the lessor. Operating lease assets are initially measured at cost, which comprises the initial amount of the associated lease liabilities, adjusted for lease payments made at or before the lease commencement date, plus any initial direct costs incurred, less any lease incentives, such as tenant allowances. Operating lease assets are subsequently measured throughout the lease term at the carrying amount of the associated lease liabilities, plus initial direct costs, plus or minus any prepaid or accrued lease payments, less the unamortized balance of lease incentives received. Operating lease assets and lease liabilities are presented separately in the consolidated balance sheets on a discounted basis. The current portion of operating lease liabilities is presented within current liabilities, while the long-term portion is presented separately as long-term operating lease liabilities. Refer to Note 7, “Leases and Other Commitments,” for further information on discount rate methodology used to measure operating lease assets and lease liabilities. Rent expense for operating lease payments is recognized on a straight-line basis over the lease term and recorded in SG&A expenses in the consolidated statements of comprehensive income . Lease payments recorded in the operating lease liability are (1) fixed payments, including in-substance fixed payments and fixed rate increases, owed over the lease term and (2) exclude any lease prepayments as of the periods presented. Refer to Note 7, “Leases and Other Commitments,” for further information on the nature of variable lease payments and timing of recognition in rent expense. The Company has elected not to recognize operating lease assets and lease liabilities for short-term leases, which are defined as those operating leases with a term of 12 months or less. Instead, lease payments for short-term leases are recognized on a straight-line basis over the lease term in rent expense and recorded as a component of SG&A expenses in the consolidated statements of comprehensive income . The Company monitors for events that require a change in estimates for its operating lease assets and lease liabilities, such as modifications to the terms of the contract, including the lease term, economic events that may trigger a contractual term contingency, such as minimum lease payments or termination rights, and related changes in discount rates used to measure the operating lease assets and liabilities, as well as events or circumstances that result in lease abandonment or operating lease asset impairments. When a change in estimates results in the remeasurement of the operating lease liability, a corresponding adjustment is made to the carrying amount of the operating lease asset. The operating lease assets are remeasured and amortized on a straight-line basis over the remaining lease term, with no impact on the related operating lease liabilities. Refer to the paragraph titled “Other Long-Lived Assets” below for further information on the Company’s accounting policy for evaluating the carrying amount of its operating lease assets and related leasehold improvements (asset group) for indicators of impairment. Asset Retirement Obligations . The Company is contractually obligated under certain of its lease agreements to restore certain retail, office, and warehouse facilities back to their original conditions. At lease inception, the present value of the estimated fair value of these liabilities is recorded along with the related asset. The liability is estimated based on assumptions requiring management’s judgment, including facility closing costs and discount rates, and is accreted to its projected future value over the life of the asset. As of March 31, 2020 and 2019 , liabilities for asset retirement obligations (AROs) were $11,505 and $12,667 , respectively, and are recorded in other long-term liabilities in the consolidated balance sheets . The decrease in liabilities for AROs during the year ended March 31, 2020 was primarily due to $1,828 of settlements mainly related to the completion of the closure of the former Camarillo distribution center. Goodwill and Indefinite-Lived Intangible Assets . Goodwill is initially recorded as the excess of the purchase price over the fair value of the net assets acquired in a business combination. Indefinite-lived intangible assets consist primarily of trademarks, customer and distributor relationships, patents, lease rights and non-compete agreements arising from the application of purchase accounting. Goodwill and indefinite-lived intangible assets are not amortized but are instead tested for impairment annually, or when an event occurs or changes in circumstances indicate the carrying value may not be recoverable. The Company evaluates the goodwill for impairment at the reporting unit level for the UGG and HOKA brands wholesale reportable operating segments annually as of December 31st of each year and evaluates the Teva brand indefinite-lived trademarks for impairment annually as of October 31st of each year. The Company first assesses qualitative factors to determine whether it is necessary to perform a quantitative assessment of goodwill or indefinite-lived intangible assets. In general, conditions that may indicate impairment include, but are not limited to the following: (1) a significant adverse change in customer demand or business climate that could affect the value of an asset; (2) change in market share, budget-to-actual performance, and consistency of operating margins and capital expenditures; (3) changes in management or key personnel; or (4) changes in general economic conditions. The Company does not calculate the fair value of the assets unless the Company determines, based on a qualitative assessment, that it is more likely than not that its fair value is less than its carrying amount. If the Company concludes that it is more likely than not that its fair value is less than its carrying amount, then the Company prepares a quantitative assessment. The quantitative assessment requires an analysis of several best estimates and assumptions, including future sales and results of operations, and other factors that could affect fair value or otherwise indicate potential impairment. The goodwill impairment assessment involves valuing the Company’s various reporting units that carry goodwill, which are currently the same as the Company’s reportable operating segments. This includes considering the reporting units’ projected ability to generate income from operations and positive cash flow in future periods, as well as perceived changes in consumer demand and acceptance of products, or factors impacting the industry generally. Upon completion of the quantitative assessment, the Company compares the fair value of the asset to its carrying amount, and if the fair value exceeds its carrying amount, no impairment charge is recognized. If the fair value is less than its carrying amount, the Company will record an impairment charge to write down the asset to its fair value. Refer to Note 3, “Goodwill and Other Intangible Assets,” for further information on the Company’s goodwill and indefinite-lived intangible assets and annual impairment assessment results. Definite-Lived Intangible and Other Long-Lived Assets . Definite-lived intangible and other long-lived assets, which include definite-lived trademarks, machinery and equipment, internal-use software, operating lease assets, and leasehold improvements are amortized to their estimated residual values, if any, on a straight-line basis over the estimated useful life and reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset group may not be recoverable. Amortization or depreciation are recorded in SG&A expenses in the consolidated statements of comprehensive income . At least quarterly, the Company evaluates factors that would necessitate an impairment assessment, which include a significant adverse change in the extent or manner in which an asset group is used, a significant adverse change in legal factors or the business climate that could affect the value of the asset group or a significant decline in the observable market value of the asset group, among others. When an impairment-triggering event has occurred, the Company tests for recoverability of the asset group’s carrying value using estimates of undiscounted future cash flows based on the existing service potential of the applicable asset group. In determining the service potential of a long-lived asset group, the Company considers its remaining useful life, cash-flow generating capacity, and physical output capacity. These estimates include the undiscounted future cash flows associated with future expenditures necessary to maintain the existing service potential. These assets are grouped with other assets and liabilities at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities. Recoverability of definite-lived intangible and other long-lived assets is measured by a comparison of the carrying amount to estimated undiscounted future cash flows expected to be generated by the asset group. If the carrying amount exceeds the estimated undiscounted future cash flows, an impairment charge is recognized for the amount by which the carrying amount exceeds the fair value of the asset group. Fair value of the asset group is measured using an observable or quoted market price. An impairment loss, if any, would only reduce the carrying amount of the long-lived assets in the asset group based on its fair value limitation and is allocated to individual assets in the asset group, unless doing so would reduce the carrying amount of a long-lived asset in the asset group to an amount less than zero. Impairment charges are recorded in SG&A expenses in the consolidated statements of comprehensive income . During the years ended March 31, 2020 , 2019 , and 2018 , the Company recorded impairment losses for other long-lived assets, primarily for retail store operating lease assets and related leasehold improvements due to performance or store closures, as well as computer software, of $1,365 , $180 , and $2,417 , respectively, within its DTC reportable operating segment and unallocated overhead costs in SG&A expenses in the consolidated statements of comprehensive income . Refer to Note 3, “Goodwill and Other Intangible Assets,” for further information on the Company’s definite-lived intangible asset impairment assessment results. Derivative Instruments and Hedging Activities . The Company may use derivative instruments to partially offset its business exposure to foreign currency risk on expected cash flows and certain existing assets and liabilities, primarily intercompany balances. To reduce the volatility in earnings from fluctuations in foreign currency exchange rates, the Company may hedge a portion of forecasted sales denominated in foreign currencies. The Company may enter into foreign currency forward or option contracts (derivative contracts), generally with maturities of 15 months or less, to manage this risk and certain of these derivative contracts are designated as cash flow hedges of forecasted sales (Designated Derivative Contracts). The Company may also enter into derivative contracts that are not designated as cash flow hedges (Non-Designated Derivative Contracts), to offset a portion of anticipated gains and losses on certain intercompany balances until the expected time of repayment. The Company does not use derivative contracts for trading purposes. The notional amounts of outstanding Designated and Non-Designated Derivative Contracts are recorded at fair value measured using Level 2 fair value inputs, consisting of forward spot rates at the end of the applicable periods, recorded in other current assets or other accrued expenses in the consolidated balance sheets . The after-tax unrealized gains or losses from changes in fair value of Designated Derivative Contracts are recorded as a component of AOCL and are reclassified to net sales in the consolidated statements of comprehensive income in the same period or periods as the related sales are recorded. When it is probable that a forecasted transaction will not occur, the Company discontinues hedge accounting and the accumulated gains or losses in AOCL related to the hedging relationship are immediately recorded in OCI in the consolidated statements of comprehensive income . Changes in the fair value of Non-Designated Derivative Contracts are recorded in SG&A expenses in the consolidated statements of comprehensive income . The changes in fair value for these contracts are generally offset by the remeasurement gains or losses associated with the underlying foreign currency-denominated balances, which are also recorded in SG&A expenses in the consolidated statements of comprehensive income . The Company generally enters into over-the-counter derivative contracts with high-credit-quality counterparties, and therefore, considers the risk that counterparties fail to perform according to the terms of the contract as low. The Company factors the nonperformance risk of the counterparties into the fair value measurements of its derivative contracts. Refer to Note 9, “Derivative Instruments,” for further information on the impact of derivative instruments and hedging activities. Revenue Recognition . Revenue is recognized when a per

Revenue Recognition

Revenue Recognition	12 Months Ended
	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Variable Consideration . Components of variable consideration include estimated discounts, markdowns or chargebacks, and sales returns. Estimates for variable consideration are based on the amounts earned or estimates to be claimed as an adjustment to sales. Estimated variable consideration is included in the transaction price to the extent that it is probable that a significant reversal of the cumulative revenue recognized will not occur in a future period. Allowance for Sales Discounts. The Company provides a trade accounts receivable allowance for sales discounts for wholesale channel sales, which reflects a discount that customers may take, generally based on meeting certain order, shipment or prompt payment terms. The Company uses the amount of the discounts that are available to be taken against the period-end trade accounts receivable to estimate and record a corresponding reserve for sales discounts. Additions to the allowance are recorded against gross sales in the consolidated statements of comprehensive income and write-offs are recorded against the allowance for trade accounts receivable in the consolidated balance sheets . This is consistent with the presentation of such amounts during the prior period. Refer to Schedule II, “Total Valuation and Qualifying Accounts,” for further information regarding the Company’s allowance for sales discounts. Allowance for Chargebacks. The Company provides a trade accounts receivable allowance for chargebacks from wholesale customers. When customers pay their invoices, they may take deductions against their invoices that can include chargebacks for price differences, markdowns, short shipments and other reasons. Therefore, the Company records an allowance for known or unknown circumstances based on historical trends related to the timing and amount of chargebacks taken against wholesale channel customer invoices. Additions to the allowance are recorded against gross sales or SG&A expenses in the consolidated statements of comprehensive income and write-offs are recorded against the allowance for trade accounts receivable in the consolidated balance sheets . This is consistent with the presentation of such amounts during the prior period. Refer to Schedule II, “Total Valuation and Qualifying Accounts,” for further information regarding the Company’s allowance for chargebacks. Contract Assets and Liabilities . Contract assets represent the Company’s right to consideration subject to conditions other than the passage of time, such as additional performance obligations to be satisfied. Contract liabilities are performance obligations that the Company expects to satisfy or relieve within the next 12 months, advance consideration obtained prior to satisfying a performance obligation, or unconditional obligations to provide goods or services under non-cancelable contracts before the transfer of goods or services to the customer has occurred . Contract assets and liabilities are recorded in other current assets and other accrued expenses, respectively, in the consolidated balance sheets . Sales Return Liability . Reserves are recorded for anticipated future returns of goods shipped prior to the end of the reporting period. In general, the Company accepts returns for damaged or defective products for up to one year. The Company also has a policy whereby returns are accepted from DTC customers for up to 30 days from point of sale for cash or credit. Amounts of these reserves are based on known and actual returns, historical returns, and any recent events that could result in a change from historical return rates. Sales returns are a contract asset for the right to recover product-related inventory and a contract liability for advance consideration obtained prior to satisfying a performance obligation. Changes to the sales return liability are recorded against gross sales for the contract liability and cost of sales for the contract asset in the consolidated statements of comprehensive income . The contract liability is recorded in other accrued expenses and the related contract asset for the cost of sales for estimated product returns is recorded in other current assets in the consolidated balance sheets . Activity during the years ended March 31, 2020 and 2019 related to estimated sales returns for the Company’s existing customer contracts for all channels, were as follows: Contract Asset Contract Liability Balance, March 31, 2018 $ 11,251 $ (23,156 ) Net additions to sales return liability* 36,223 (120,102 ) Actual returns (37,033 ) 118,471 Balance, March 31, 2019 10,441 (24,787 ) Net additions to sales return liability* 36,028 (117,969 ) Actual returns (36,806 ) 117,089 Balance, March 31, 2020 $ 9,663 $ (25,667 ) * Net additions to sales return liability include a provision for anticipated sales returns which consists of both contractual return rights and discretionary authorized returns. Loyalty Programs . The Company has a customer loyalty program for the UGG brand in its DTC channel where customers earn rewards from qualifying purchases or activities. The Company defers recognition of revenue for unredeemed awards until the following occurs: (1) rewards are redeemed by the customer, (2) points or certificates expire, or (3) an estimate of the expected unused portion of points or certificates is applied, which is based on historical redemption patterns. As of March 31, 2020 and 2019 , the Company’s contract liability for loyalty programs was $6,950 and $5,171 , respectively, and is recorded in other accrued expenses in the consolidated balance sheets

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets The Company’s goodwill and other intangible assets are recorded in the consolidated balance sheets , as follows: As of March 31, 2020 2019 Goodwill UGG brand $ 6,101 $ 6,101 HOKA brand 7,889 7,889 Total goodwill 13,990 13,990 Other intangible assets Indefinite-lived intangible assets Trademarks 15,454 15,454 Definite-lived intangible assets Trademarks 55,245 55,245 Other 51,738 51,981 Total gross carrying amount 106,983 107,226 Accumulated amortization (74,421 ) (71,186 ) Net definite-lived intangible assets 32,562 36,040 Total other intangible assets, net 48,016 51,494 Total $ 62,006 $ 65,484 The weighted-average amortization period for definite-lived intangible assets was 16 years for the years ended March 31, 2020 and 2019 , respectively. Intangible assets consist primarily of indefinite-lived trademarks and definite-lived trademarks, customer and distributor relationships, patents, lease rights, and non-compete agreements arising from the application of purchase accounting. Goodwill is allocated to the wholesale reportable operating segments of the brands described above. Annual Impairment Assessment . During the years ended March 31, 2020 , 2019 , and 2018 , the Company evaluated the goodwill for impairment at the reporting unit level for the UGG and HOKA brands wholesale reportable operating segment as of December 31st and evaluated its Teva indefinite-lived trademarks as of October 31st, and based on the evaluation performed, no impairment loss was recorded for the goodwill and indefinite-lived intangible assets. As of March 31, 2020 and 2019 , the gross carrying amount of goodwill was $143,765 and the accumulated impairment losses were $129,775 . The Company did not identify any definite-lived intangible asset impairments during the years ended March 31, 2020 , 2019 , and 2018 . Amortization Expense . A reconciliation of the changes in total other intangible assets in the consolidated balance sheets , are as follows: Amounts Balance, March 31, 2018 $ 57,850 Amortization expense (6,235 ) Foreign currency translation net loss (121 ) Balance, March 31, 2019 51,494 Amortization expense (3,470 ) Foreign currency translation net loss (8 ) Balance, March 31, 2020 $ 48,016 Expected amortization expense for amortizable intangible assets subsequent to March 31, 2020 is as follows: Years Ending March 31, Amounts 2021 $ 2,527 2022 2,513 2023 2,450 2024 2,430 2025 2,276 Thereafter 20,366 Total $ 32,562

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The accounting standard for fair value measurements provides a framework for measuring fair value, which is defined as the price that would be received for an asset or the exit price that would be paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date. The fair value hierarchy under this accounting standard requires an entity to maximize the use of observable inputs, where available. The following summarizes the three levels of inputs required: • Level 1: Quoted prices in active markets for identical assets and liabilities. • Level 2: Observable inputs other than quoted prices in active markets for identical assets and liabilities. • Level 3: Unobservable inputs in which little or no market activity exists, therefore requiring the Company to develop its own assumptions. The carrying amount of the Company’s financial instruments, which principally include cash and cash equivalents, trade accounts receivable, net, trade accounts payable, accrued payroll, and other accrued expenses, approximates fair value due to their short-term nature. The carrying amount of the Company’s short-term borrowings and mortgage payable, which are considered Level 2 liabilities, approximates fair value based upon current rates and terms available to the Company for similar debt. Assets and liabilities that are measured on a recurring basis at fair value in the consolidated balance sheets , are as follows: As of Measured Using March 31, 2020 Level 1 Level 2 Level 3 Non-qualified deferred compensation asset $ 6,164 $ 6,164 $ — $ — Non-qualified deferred compensation liability (3,756 ) (3,756 ) — — As of Measured Using March 31, 2019 Level 1 Level 2 Level 3 Non-qualified deferred compensation asset $ 7,300 $ 7,300 $ — $ — Non-qualified deferred compensation liability (4,447 ) (4,447 ) — — As of March 31, 2020 , the non-qualified deferred compensation asset of $6,164 was recorded in other assets in the consolidated balance sheets . As of March 31, 2020 , the non-qualified deferred compensation liability of $3,756 was recorded in the consolidated balance sheets , with $743 in other accrued expenses and $3,013 in other long-term liabilities.

Income Taxes

Income Taxes	12 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes 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, 2020 2019 2018 Domestic* $ 206,111 $ 181,730 $ 71,482 Foreign 134,755 147,204 149,214 Total $ 340,866 $ 328,934 $ 220,696 *Domestic income before income taxes for the years ended March 31, 2020 , 2019 , and 2018 is presented net of intercompany dividends of $150,000 , $130,000 , and $250,000 , respectively. Income Tax Expense . Components of income tax expense (benefit) recorded in the consolidated statements of comprehensive income , were as follows: Years Ended March 31, 2020 2019 2018 Current Federal $ 47,087 $ 33,334 $ 80,339 State 635 9,084 3,437 Foreign 14,068 15,269 14,388 Total 61,790 57,687 98,164 Deferred Federal 4,626 6,612 12,007 State (462 ) 2,236 391 Foreign (1,230 ) (1,909 ) (4,260 ) Total 2,934 6,939 8,138 Total $ 64,724 $ 64,626 $ 106,302 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, 2020 2019 2018 Computed expected income taxes $ 71,582 $ 69,076 $ 69,556 State income taxes, net of federal income tax benefit* 11,042 9,329 9,044 Foreign rate differential (17,966 ) (20,105 ) (37,090 ) Unrecognized tax benefits 6,695 786 1,301 Return to provision adjustments (1,682 ) (179 ) (2,252 ) Nontaxable income (4,584 ) (4,257 ) (7,006 ) Nondeductible expense 4,162 7,742 1,382 US tax on foreign earnings** 2,343 5,848 57,138 Re-measurement of deferred taxes*** — (983 ) 14,395 Tax audit settlements (3,956 ) — — Statutory foreign income tax (benefit) expense (906 ) 276 59 Other (2,006 ) (2,907 ) (225 ) Total $ 64,724 $ 64,626 $ 106,302 *During the year ended March 31, 2018, the Company recorded $1,976 of state income taxes associated with one-time mandatory deemed repatriation of foreign earnings due to the Tax Cuts and Jobs Act (Tax Reform Act) in December 2017. **The amount for the year ended March 31, 2018 is the one-time mandatory deemed repatriation tax on accumulated foreign earnings due pursuant to the Tax Reform Act. The amounts for the years ended March 31, 2020 and 2019 are global intangible low-taxed income (commonly referred to as GILTI) under the territorial tax system pursuant to the Tax Reform Act. ***The total non-cash re-measurement of deferred tax assets and liabilities for the year ended March 31, 2018 was driven by the US federal tax rate reduction from 35.0% to 21.0% pursuant to the Tax Reform Act. Due to the enactment of Tax Reform Act, the Company is subject to US taxation of its foreign subsidiary earnings considered global intangible low-taxed income, as well as limitations on the deductibility of executive compensation, which are included in income tax expense in the consolidated statements of comprehensive income for the periods presented above. In accordance with the SEC Staff Accounting Bulletin No. 118 (SAB 118), issued December 22, 2017, the Company completed its accounting for the material effects of the Tax Reform Act during the quarter ended December 31, 2018. In connection with finalizing the tax effects of the Tax Reform Act, the Company recorded immaterial measurement period adjustments during the year ended March 31, 2019 including a reduction from $59,114 to $57,895 related to the one-time mandatory deemed repatriation tax on accumulated foreign earnings. Refer to section below entitled “US Taxation of Foreign Earnings” for further information. The Company continues to evaluate new guidance and legislation as it is issued. In response to the COVID-19 pandemic, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law on March 27th, 2020. The Company reviewed the provisions of the CARES Act and consider the effect to be immaterial. Deferred Taxes . 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, 2020 2019 Deferred tax assets Amortization and impairment of intangible assets $ 11,471 $ 13,615 Nonvested stock-based compensation 5,194 3,645 Deferred rent obligations* — 4,899 Operating lease liability* 45,600 — Uniform capitalization adjustment to inventory 4,322 3,965 Bad debt allowance and other reserves 14,243 11,932 Accrued bonuses 6,187 7,350 Foreign currency translation 645 670 Net operating loss carry-forwards, net of valuation allowances 2,071 1,002 Other 1,372 1,445 Gross deferred tax assets 91,105 48,523 Valuation allowances (1,519 ) (195 ) Total 89,586 48,328 Deferred tax liabilities Prepaid expenses (4,252 ) (3,379 ) Operating lease asset* (41,276 ) — Depreciation of property and equipment (15,825 ) (14,079 ) Total (61,353 ) (17,458 ) Deferred tax assets, net $ 28,233 $ 30,870 *Adoption of the new lease standard as of April 1, 2019, as described in Note 1, “General,” under the section “Recent Accounting Pronouncements”, resulted in the recognition of a deferred tax asset for operating lease liabilities and a deferred tax liability for operating lease assets. These temporary differences will reverse over the estimated term of the relevant operating leases. As of March 31, 2019 , the deferred tax assets associated with operating leases were reported as deferred rent obligations under legacy US GAAP. In order to fully realize the deferred tax assets, the Company will need to generate future taxable income of $104,483 . The deferred tax assets are primarily related to the Company’s domestic operations and are currently expected to be realized between fiscal years 2021 and 2031 . The Company recorded a net increase of $297 to deferred tax assets, net during the year ended March 31, 2020 related to the adoption of new ASUs and the tax effect of changes in cumulative translation adjustments. Based on the level of historical taxable income and projections for future taxable income over the periods in which the deferred tax assets are deductible, management believes it is more likely than not that the results of future operations will generate sufficient taxable income to realize the net deferred tax assets. The Company’s deferred tax valuation allowances are primarily the result of foreign losses in jurisdictions with limited future profitability. As of March 31, 2020 and 2019 , the Company reported tax credit carry-forwards available to reduce future taxable income of $410 and $36 , respectively. Some of the net operating losses with full valuation allowances will expire beginning in 2022 ; however, other net operating losses and tax credits can be carried forward indefinitely. US Taxation of Foreign Earnings . Pursuant to the Tax Reform Act, the Company reported $57,895 of US federal and state income taxes on undistributed earnings from its non-US subsidiaries on its March 31, 2018 income tax returns filed with the US tax authorities. During the year ended March 31, 2019, the Company recorded $6,348 of US federal and state income tax expense, net of foreign tax credits on foreign earnings. As of March 31, 2020 , the Company reported $363,140 of undistributed earnings from its non-US subsidiaries, of which $177,229 relates to cash and cash equivalents, a portion of which may be subject to additional foreign withholding taxes if it were to be repatriated. As of March 31, 2020 , the Company reported $8,620 of accumulated earnings from its non-US subsidiaries for which no US federal or state income taxes have been provided. The Company currently anticipates repatriating current and future unremitted earnings of non-US subsidiaries, to the extent they have been and will be subject to US income tax, as long as such cash is not required to fund ongoing foreign operations. Due to the complexities in the laws of foreign jurisdictions and assumptions that would have to be made, it is not practicable to estimate the amount of foreign withholding taxes associated with such unremitted earnings. During the year ended March 31, 2020 , the Company declared a dividend of $150,000 from a foreign subsidiary, for which no foreign withholding taxes were required. Unrecognized Tax Benefits . When tax returns are filed, some positions taken are subject to uncertainty about the merits of the position taken or the amount that would be ultimately sustained upon examination. The benefit of a tax position is recorded in the consolidated financial statements in the period during which the Company believes it is more likely than not that the position will be sustained upon examination by taxing authorities. The recognition threshold is measured as the largest amount of tax benefit that is more than 50% likely to be realized upon settlement. The portion of the benefit that exceeds the amount measured, as described above, is recorded as a liability for unrecognized tax benefits, along with any associated interest and penalties, in the consolidated balance sheets . A reconciliation of the beginning and ending amounts of total gross unrecognized tax benefits, are as follows: Balance, March 31, 2017 $ 11,727 Gross increase related to current fiscal year tax positions 1,168 Gross increase related to prior fiscal year tax positions 1,243 Settlements (4,501 ) Lapse of statute of limitations (43 ) Balance, March 31, 2018 9,594 Gross increase related to current fiscal year tax positions 1,027 Gross increase related to prior fiscal year tax positions 3,282 Settlements (1,157 ) Lapse of statute of limitations (1,804 ) Balance, March 31, 2019 10,942 Gross increase related to current fiscal year tax positions 1,153 Gross increase related to prior fiscal year tax positions 8,152 Settlements (246 ) Lapse of statute of limitations (2,363 ) Balance, March 31, 2020 $ 17,638 Total gross unrecognized tax benefits recorded in the consolidated balance sheets , are as follows: As of March 31, 2020 2019 Long-term asset Deferred tax assets, net $ 486 $ 486 Current liability Income taxes payable — 7 Long-term liability Income tax liability 17,152 10,449 Total $ 17,638 $ 10,942 As of March 31, 2020 and 2019 , the Company had $3,631 and $2,456 accrued for the payment of interest and penalties, respectively, in income tax liability in the consolidated balance sheets . During the years ended March 31, 2020 , 2019 , and 2018 , the Company recorded $1,176 , $(110) , and $369 , respectively, of interest and penalties as an increase or (decrease) to interest expense in the consolidated statements of comprehensive income . Management believes it is reasonably possible that the amount of unrecognized tax benefits, as well as associated interest and penalties, may decrease during the next 12 months by $788 related primarily to the expiration of statute of limitations, partially offset by additional unrecognized tax benefits relating to current fiscal year tax return positions. Of this amount, $563 would result in an income tax benefit for the Company and $937 would result in a decrease to interest expense in the consolidated statements of comprehensive income . Gross unrecognized tax benefits of $17,638 , $10,942 , and $9,594 for the years ended March 31, 2020 , 2019 , and 2018 , respectively, would reduce the annual effective tax rate, offset by an immaterial amount of deferred tax assets recognized for uncertain tax positions, recorded in the consolidated statements of comprehensive income . The Company has on-going income tax examinations in various state and foreign tax jurisdictions and regularly assesses tax positions taken in years open to examination. The Company files income tax returns in the US federal jurisdiction and various state, local, and foreign jurisdictions. With few exceptions, the Company is no longer subject to US federal, state, local, or foreign income tax examinations by tax authorities before fiscal year 2016 . Although the Company believes its tax estimates are reasonable and prepares its tax filings in accordance with all applicable tax laws, the final determination with respect to any tax audits, and any related litigation, could be materially different from the Company’s estimates or from its historical income tax provisions and accruals. The results of an audit or litigation could have a material impact on results of operations or cash flows in the periods for which that determination is made. In addition, future period earnings may be adversely impacted by litigation costs, settlements, penalties, or interest assessments. However, it is the opinion of management that the Company does not currently expect these audits and inquiries to have a material impact on the Company’s consolidated financial statements .

Revolving Credit Facilities and

Revolving Credit Facilities and Mortgage Payable	12 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Revolving Credit Facilities and Mortgage Payable	Revolving Credit Facilities and Mortgage Payable Primary Credit Facility . In September 2018, the Company entered into a credit agreement (Credit Agreement) with JPMorgan Chase Bank, N.A. (JPMorgan), as the administrative agent, Citibank, N.A., Comerica Bank (Comerica) and HSBC Bank USA, N.A., as co-syndication agents, MUFG Bank, Ltd. and US Bank National Association as co-documentation agents, and the lenders party thereto, with JPMorgan and Comerica acting as joint lead arrangers and joint bookrunners. The Credit Agreement provides for a five-year, $400,000 unsecured revolving credit facility (Primary Credit Facility), contains a $25,000 sublimit for the issuance of letters of credit, and matures on September 20, 2023. In addition to allowing borrowings in US dollars, the Credit Agreement provides a $175,000 sublimit for borrowings in Euros, Sterling, Canadian dollars and any other foreign currency that is subsequently approved by JPMorgan, each lender and each bank issuing letters of credit. Subject to customary conditions and the approval of any lender whose commitment would be increased, the Company has the option to increase the maximum principal amount available under the Credit Agreement by up to an additional $200,000 , resulting in a maximum available principal amount of $600,000 . However, none of the lenders has committed at this time to provide any such increase in the commitments. The obligations of the Company and each other borrower under the Primary Credit Facility are guaranteed by the Company’s existing and future wholly-owned domestic subsidiaries (other than certain immaterial subsidiaries, foreign subsidiaries, foreign subsidiary holding companies and specified excluded subsidiaries). All obligations under the Primary Credit Facility and the foregoing guaranty are unsecured. Amounts borrowed under the Primary Credit Facility may be prepaid at any time. In addition, the Company has the right to permanently reduce or terminate the lenders’ commitments provided under the Credit Agreement, subject to customary conditions. Certain of the Company’s foreign subsidiaries may also borrow under the Primary Credit Facility, which permits the Company, subject to customary conditions and notice periods, to designate one or more additional subsidiaries organized in foreign jurisdictions to borrow under the Primary Credit Facility, subject to the foreign currency sublimit noted above. The Company is liable for the obligations of each foreign borrower, but the obligations of the foreign borrowers are several (not joint) in nature. Interest Rate Terms. At the Company’s election, interest under the Credit Agreement is tied to the adjusted LIBOR or the Alternate Base Rate (ABR). Initial interest for the revolving loans is variable and fluctuates between adjusted LIBOR plus 1.125% per annum and adjusted LIBOR plus 1.625% per annum (or between ABR plus 0.125% per annum and ABR plus 0.625% per annum), based on the Company’s total adjusted leverage ratio. Interest for borrowings made in foreign currencies is based on currency-specific LIBOR or the Canadian deposit offered rate if made in Canadian dollars. As of March 31, 2020 , the effective interest rates for US dollar LIBOR and ABR rates, with relevant spreads for borrowings made during the reporting period, were 2.12% and 3.38% , respectively. Commitment Fees. The Company is required to pay a fee rate that fluctuates between 0.125% and 0.20% per annum, based upon the Company’s total adjusted leverage ratio. Borrowing Activity. During the year ended March 31, 2020 , the Company borrowed and repaid $50,000 under the Primary Credit Facility. As of March 31, 2020 , the Company had no outstanding balance under the Primary Credit Facility and had outstanding letters of credit of $549 . As of March 31, 2020 , available borrowings under the Primary Credit Facility were $399,451 . Debt Issuance Costs. In connection with entering into the Primary Credit Facility, the Company paid certain commitment, arrangement and other fees to JPMorgan, Comerica and other parties to the Primary Credit Facility, and reimbursed certain of the parties’ expenses, which totaled $1,297 , and were recorded in prepaid expenses and other assets. These costs are amortized on a straight-line basis over the term of the Credit Agreement. China Credit Facility . In August 2013, Deckers (Beijing) Trading Co., LTD (DBTC), a wholly-owned subsidiary of the Company, entered into a credit agreement in China (as amended, the China Credit Facility) that provides for an uncommitted revolving line of credit of up to CNY 300,000 , or $42,304 , with an overdraft facility sublimit of CNY 100,000 , or $14,101 . The China Credit Facility is payable on demand and subject to annual review with a defined aggregate period of borrowing of up to 12 months. The obligations under the China Credit Facility are guaranteed by the Company for 108.5% of the facility amount in US dollars. Interest is based on the People’s Bank of China market rate multiplied by a variable liquidity factor. As of March 31, 2020 , the effective interest rate was 4.46% . During the year ended March 31, 2020 , the Company borrowed and made repayments of $18,985 under the China Credit Facility. As of March 31, 2020 , the Company had no outstanding balance, outstanding bank guarantees of $28 , and available borrowings of $42,276 under the China Credit Facility. Japan Credit Facility . In March 2016, Deckers Japan, G.K., a wholly-owned subsidiary of the Company, entered into credit agreement in Japan (as amended, the Japan Credit Facility) that currently provides for an uncommitted revolving line of credit of up to JPY 3,000,000 , or $27,746 , for a maximum term of six months for each draw on the facility. The Japan Credit Facility can be renewed annually and is guaranteed by the Company. The Company has renewed the Japan Credit Facility through January 31, 2021 substantially under the terms of the original credit agreement. Interest is based on the Tokyo Interbank Offered Rate plus 0.40% . As of March 31, 2020 , the effective interest rate was 0.48% . During the year ended March 31, 2020 , the Company made no borrowings or repayments under the Japan Credit Facility. As of March 31, 2020 , the Company had no outstanding balance under the Japan Credit Facility and available borrowings of $27,746 . Mortgage . In July 2014, the Company obtained a mortgage secured by the property on which its corporate headquarters is located for $33,931 . As of March 31, 2020 , the outstanding principal balance under the mortgage was $30,901 , which includes $638 in short-term borrowings and $30,263 in mortgage payable in the consolidated balance sheets . The mortgage has a fixed interest rate of 4.928% . Payments include interest and principal in an amount that amortizes the principal balance over a 30 -year period; however, the loan will mature and requires a balloon payment of $23,695 , in addition to any then-outstanding balance, on July 1, 2029 . Minimum principal payments over the next five years are $3,530 . Debt Covenants. As of March 31, 2020 , the Company was in compliance with all debt covenants under the revolving credit facilities and the mortgage. Primary Credit Facility. Under the Primary Credit Facility, the Company is subject to usual and customary representations and warranties, and usual and customary affirmative and negative covenants, which include limitations on liens, additional indebtedness, investments, restricted payments and transactions with affiliates. Financial covenants (as defined in the Credit Agreement), include the following: • The total adjusted leverage ratio must not be greater than 3.75 to 1.00 . • The sum of the consolidated annual earnings before interest, taxes, depreciation, and amortization and annual rental expense, divided by the sum of the annual interest expense and the annual rental expense must be greater than 2.25 to 1.00 . • No limits on shares repurchases if the total adjusted leverage ratio does not exceed 3.50 to 1.00 . Under the Primary Credit Facility, the Company is also subject to other customary limitations, as well as usual and customary events of default, which include: non-payment of principal, interest, fees and other amounts; breach of a representation or warranty; non-performance of covenants and obligations; default on other material debt; bankruptcy or insolvency; material judgments; incurrence of certain material ERISA liabilities; and a change of control of the Company (as defined in the Credit Agreement). China Credit Facility. Under the China Credit Facility, DBTC is subject to usual and customary representations and warranties, and usual and customary affirmative and negative covenants, which include limitations on liens and additional indebtedness. Japan Credit Facility. Under the Japan Credit Facility, Deckers Japan, G.K., is subject to usual and customary provisions including a restriction against having losses for two years consecutively, maintaining an interest coverage ratio greater than 1.00 to 1.00 , and maintaining higher assets than liabilities. Mortgage. The debt covenants associated with the Company’s mortgage mirror the debt covenants under the Primary Credit Facility, as defined in the Credit Agreement. Foreign Currency Exchange Rates . The amounts disclosed above for the China Credit Facility and Japan Credit Facility have been translated into US dollars using applicable foreign currency exchange spot rates in effect as of March 31, 2020 . As a result, there are differences between the net borrowing and repayment amounts within this footnote disclosure and those same amounts recorded in the consolidated statements of cash flows . Any amounts outstanding are recorded in short-term borrowings in the consolidated balance sheets

Leases and Other Commitments

Leases and Other Commitments	12 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Leases and Other Commitments	Leases and Other Commitments Leases . The Company primarily leases retail stores, showrooms, offices, and distribution facilities under operating lease agreements which continue in effect through calendar year 2031. Some of the Company's operating leases contain extension options of anywhere from one to 15 years . Historically, the Company has not entered into finance leases and its lease agreements generally do not contain residual value guarantees, options to purchase underlying assets, or material restrictive covenants. Variable Lease Payments. Certain leases require additional payments based on (1) actual or forecasted sales volume (either monthly or annually), (2) reimbursement for real estate taxes (tax), (3) common area maintenance (CAM), and (4) insurance (collectively, variable lease payments). Variable lease payments are generally excluded from operating lease assets and liabilities and are recorded in rent expense as a component of SG&A expenses in the consolidated statements of comprehensive income . Some leases are dependent upon forecasted annual sales volume, and lease payments are recognized on a straight-line basis as rent expense over each annual period when the achievement of the related sales target is reasonably likely to occur. Other variable lease payments, such as tax, CAM and insurance, are recognized in rent expense as incurred. Some leases contain one fixed lease payment that include variable lease payments, which are considered non-lease components. The Company has elected to account for these instances as a single lease component and the total of these fixed payments is used to measure the operating lease assets and lease liabilities. Discount Rate . The Company discounts its unpaid lease payments using the interest rate implicit in the lease or, if the rate cannot be readily determined, its incremental borrowing rate (IBR). Generally, the Company cannot determine the interest rate implicit in the lease because it does not have access to the lessor's estimated residual value or the amount of the lessor's deferred initial direct costs. Therefore, the Company generally derives a discount rate at the lease commencement date by utilizing its IBR, which is based on what the Company would have to pay on a collateralized basis to borrow an amount equal to its lease payments under similar terms. Because the Company does not currently borrow on a collateralized basis under its revolving credit facilities, it uses the interest rate it pays on its noncollateralized borrowings under its Primary Credit Facility as an input for deriving an appropriate IBR, adjusted for the amount of the lease payments, the lease term, and the effect on that rate of designating specific collateral with a value equal to the unpaid lease payments for that lease. Rent Expense . The components of rent expense for operating leases recorded in the consolidated statements of comprehensive income under the new lease standard, were as follows: March 31, 2020 Operating $ 57,966 Variable 26,996 Short-term 3,332 Total $ 88,294 The components of rent expense for operating leases recorded in the consolidated statements of comprehensive income under legacy US GAAP, were as follows: Years Ended March 31, 2019 2018 Minimum rentals $ 60,859 $ 59,531 Contingent rentals 13,226 15,924 Total $ 74,085 $ 75,455 Operating Lease Liabilities . Maturities of undiscounted operating lease liabilities remaining as of March 31, 2020 under the new lease standard, with a reconciliation to the present value of operating lease liabilities recorded in the consolidated balance sheets , are as follows: Years Ending March 31, Amount 2021 $ 53,212 2022 50,113 2023 43,343 2024 37,964 2025 30,254 Thereafter 81,852 Total undiscounted future lease payments 296,738 Less: Imputed interest (31,923 ) Total $ 264,815 Future minimum commitments under operating lease contracts as of March 31, 2019 under legacy US GAAP, were as follows: Years Ending March 31, Amount 2020 $ 53,015 2021 47,803 2022 40,629 2023 35,915 2024 31,329 Thereafter 81,746 Total $ 290,437 Supplemental Disclosure . Key estimates and judgments related to operating lease assets and liabilities that are outstanding and presented in the consolidated balance sheets , are as follows: March 31, 2020 Weighted-average remaining lease term in years 6.6 Weighted-average discount rate 3.3 % Supplemental information for amounts presented in the consolidated statements of cash flows related to operating leases, were as follows: March 31, 2020 Non-cash operating activities Operating lease assets obtained in exchange for lease liabilities* $ 71,097 Reductions to operating lease assets for reductions to lease liabilities or for operating lease asset impairments* (7,055 ) *Amounts disclosed include non-cash additions or reductions resulting from lease remeasurements. Purchase Obligations. The Company has various types of purchase obligations, as follows: Product . The Company had $361,881 of outstanding purchase orders or other obligations with its manufacturers as of March 31, 2020 . The Company has an extended design and manufacturing process, which requires it to forecast production volumes and estimate inventory requirements many months before consumers decide to purchase its products. The Company generally orders product two to nine months in advance of the anticipated shipment dates based primarily on a combination of product lead time and orders received from wholesale customers and through the DTC reportable operating segment. Accordingly, the aggregate amount reflects purchase commitments for products that the Company reasonably expects to fulfill in the ordinary course of business. However, a significant portion of the purchase commitments can be cancelled by the Company under certain circumstances. As a result, the amount does not necessarily reflect the dollar amount of the Company’s binding commitments or minimum purchase commitments, and instead reflects an estimate of its future payment commitments based on information currently available. Commodities . The Company had an aggregate of $185,969 remaining purchase commitments, primarily for sheepskin, as well as leather, as of March 31, 2020 . These commitments generally arise under two-year supply agreements. The aggregate amount reflects the remaining commitments under these purchase orders. The Company enters into contracts requiring purchase commitments of sheepskin and leather that its affiliates, manufacturers, factories, and other agents (each or collectively, a Buyer) must make on or before a specified target date. These agreements may result in unconditional purchase commitments if a Buyer does not meet the minimum purchase requirements. In the event that a Buyer does not purchase such minimum commitments by the target dates, the Company would be responsible for compliance with any and all minimum purchase commitments under these contracts, and the Company would make additional deposit payments towards the purchase of the remaining minimum commitments and such additional deposits would be returned as the Buyer purchases the remaining minimum commitments. The contracts do not permit net settlement. There were $8,322 of deposits on expired sheepskin contracts that have not been fully consumed as of March 31, 2020 . Total future net minimum commitments for these commodities contracts as of March 31, 2020 were as follows: Contract Effective Date Final Target Date Contract Value Remaining April 2018 September 2020 $ 45,600 $ 33,205 October 2018 September 2020 27,350 26,671 October 2018 September 2021 50,460 50,460 April 2019 September 2020 8,906 5,806 October 2019 September 2020 42,825 39,983 October 2019 June 2021 29,844 29,844 $ 204,985 $ 185,969 The Company expects that purchases made under these agreements in the ordinary course of business will eventually exceed the minimum commitment levels, and that any deposits will become fully refundable or will be reflected as a credit against purchases. The amounts above do not necessarily reflect the dollar amount of the Company’s binding commitments or minimum purchase obligations, and instead reflect an estimate of its future payment obligations based on information currently available. Othe r. The Company had an aggregate of $46,059 of other purchase commitments as of March 31, 2020 , which generally consisted of material commitments for future capital expenditures, commitments under service contracts, and requirements to pay promotional expenses. Future capital expenditures primarily relate to retail store build-out of leasehold improvements for a new flagship store location that is currently intended to replace an existing flagship store during the fourth quarter of the fiscal year ending March 31, 2021, as well as the continued expansion of the Company’s warehouse and distribution center located in Moreno Valley, California. Litigation . From time to time, the Company is involved in various legal proceedings and claims arising in the ordinary course of business. Although the results of legal proceedings and claims cannot be predicted with certainty, the Company currently believes that the final outcome of these ordinary course matters will not, individually or in the aggregate, have a material adverse effect on its business, results of operations, financial condition or cash flows. However, regardless of the outcome, litigation can have an adverse impact on the Company because of legal costs, diversion of management time and resources, and other factors. Indemnification. The Company has agreed to indemnify certain of its licensees, distributors, and promotional partners in connection with claims related to the use of the Company’s intellectual property. The terms of such agreements range up to five years initially and generally do not provide for a limitation on the maximum potential future payments. From time to time, the Company also agrees to indemnify its licensees, distributors, and promotional partners in connection with claims that the Company’s products infringe on the intellectual property rights of third parties. These agreements may or may not be made pursuant to a written contract. In addition, from time to time, the Company also agrees to standard indemnification provisions in commercial agreements in the ordinary course of business. Management believes the likelihood of any payments under any of these arrangements is remote and would be immaterial. This determination is made based on a prior history of insignificant claims and related payments. There are currently no pending claims relating to indemnification matters involving the Company’s intellectual property.
Leases and Other Commitments	Leases . The Company primarily leases retail stores, showrooms, offices, and distribution facilities under operating lease agreements which continue in effect through calendar year 2031. Some of the Company's operating leases contain extension options of anywhere from one to 15 years . Historically, the Company has not entered into finance leases and its lease agreements generally do not contain residual value guarantees, options to purchase underlying assets, or material restrictive covenants. Variable Lease Payments. Certain leases require additional payments based on (1) actual or forecasted sales volume (either monthly or annually), (2) reimbursement for real estate taxes (tax), (3) common area maintenance (CAM), and (4) insurance (collectively, variable lease payments). Variable lease payments are generally excluded from operating lease assets and liabilities and are recorded in rent expense as a component of SG&A expenses in the consolidated statements of comprehensive income . Some leases are dependent upon forecasted annual sales volume, and lease payments are recognized on a straight-line basis as rent expense over each annual period when the achievement of the related sales target is reasonably likely to occur. Other variable lease payments, such as tax, CAM and insurance, are recognized in rent expense as incurred. Some leases contain one fixed lease payment that include variable lease payments, which are considered non-lease components. The Company has elected to account for these instances as a single lease component and the total of these fixed payments is used to measure the operating lease assets and lease liabilities. Discount Rate . The Company discounts its unpaid lease payments using the interest rate implicit in the lease or, if the rate cannot be readily determined, its incremental borrowing rate (IBR). Generally, the Company cannot determine the interest rate implicit in the lease because it does not have access to the lessor's estimated residual value or the amount of the lessor's deferred initial direct costs. Therefore, the Company generally derives a discount rate at the lease commencement date by utilizing its IBR, which is based on what the Company would have to pay on a collateralized basis to borrow an amount equal to its lease payments under similar terms. Because the Company does not currently borrow on a collateralized basis under its revolving credit facilities, it uses the interest rate it pays on its noncollateralized borrowings under its Primary Credit Facility as an input for deriving an appropriate IBR, adjusted for the amount of the lease payments, the lease term, and the effect on that rate of designating specific collateral with a value equal to the unpaid lease payments for that lease. Rent Expense . The components of rent expense for operating leases recorded in the consolidated statements of comprehensive income under the new lease standard, were as follows: March 31, 2020 Operating $ 57,966 Variable 26,996 Short-term 3,332 Total $ 88,294 The components of rent expense for operating leases recorded in the consolidated statements of comprehensive income under legacy US GAAP, were as follows: Years Ended March 31, 2019 2018 Minimum rentals $ 60,859 $ 59,531 Contingent rentals 13,226 15,924 Total $ 74,085 $ 75,455 Operating Lease Liabilities . Maturities of undiscounted operating lease liabilities remaining as of March 31, 2020 under the new lease standard, with a reconciliation to the present value of operating lease liabilities recorded in the consolidated balance sheets , are as follows: Years Ending March 31, Amount 2021 $ 53,212 2022 50,113 2023 43,343 2024 37,964 2025 30,254 Thereafter 81,852 Total undiscounted future lease payments 296,738 Less: Imputed interest (31,923 ) Total $ 264,815 Future minimum commitments under operating lease contracts as of March 31, 2019 under legacy US GAAP, were as follows: Years Ending March 31, Amount 2020 $ 53,015 2021 47,803 2022 40,629 2023 35,915 2024 31,329 Thereafter 81,746 Total $ 290,437 Supplemental Disclosure . Key estimates and judgments related to operating lease assets and liabilities that are outstanding and presented in the consolidated balance sheets , are as follows: March 31, 2020 Weighted-average remaining lease term in years 6.6 Weighted-average discount rate 3.3 % Supplemental information for amounts presented in the consolidated statements of cash flows related to operating leases, were as follows: March 31, 2020 Non-cash operating activities Operating lease assets obtained in exchange for lease liabilities* $ 71,097 Reductions to operating lease assets for reductions to lease liabilities or for operating lease asset impairments* (7,055 ) *Amounts disclosed include non-cash additions or reductions resulting from lease remeasurements. Purchase Obligations. The Company has various types of purchase obligations, as follows: Product . The Company had $361,881 of outstanding purchase orders or other obligations with its manufacturers as of March 31, 2020 . The Company has an extended design and manufacturing process, which requires it to forecast production volumes and estimate inventory requirements many months before consumers decide to purchase its products. The Company generally orders product two to nine months in advance of the anticipated shipment dates based primarily on a combination of product lead time and orders received from wholesale customers and through the DTC reportable operating segment. Accordingly, the aggregate amount reflects purchase commitments for products that the Company reasonably expects to fulfill in the ordinary course of business. However, a significant portion of the purchase commitments can be cancelled by the Company under certain circumstances. As a result, the amount does not necessarily reflect the dollar amount of the Company’s binding commitments or minimum purchase commitments, and instead reflects an estimate of its future payment commitments based on information currently available. Commodities . The Company had an aggregate of $185,969 remaining purchase commitments, primarily for sheepskin, as well as leather, as of March 31, 2020 . These commitments generally arise under two-year supply agreements. The aggregate amount reflects the remaining commitments under these purchase orders. The Company enters into contracts requiring purchase commitments of sheepskin and leather that its affiliates, manufacturers, factories, and other agents (each or collectively, a Buyer) must make on or before a specified target date. These agreements may result in unconditional purchase commitments if a Buyer does not meet the minimum purchase requirements. In the event that a Buyer does not purchase such minimum commitments by the target dates, the Company would be responsible for compliance with any and all minimum purchase commitments under these contracts, and the Company would make additional deposit payments towards the purchase of the remaining minimum commitments and such additional deposits would be returned as the Buyer purchases the remaining minimum commitments. The contracts do not permit net settlement. There were $8,322 of deposits on expired sheepskin contracts that have not been fully consumed as of March 31, 2020 . Total future net minimum commitments for these commodities contracts as of March 31, 2020 were as follows: Contract Effective Date Final Target Date Contract Value Remaining April 2018 September 2020 $ 45,600 $ 33,205 October 2018 September 2020 27,350 26,671 October 2018 September 2021 50,460 50,460 April 2019 September 2020 8,906 5,806 October 2019 September 2020 42,825 39,983 October 2019 June 2021 29,844 29,844 $ 204,985 $ 185,969 The Company expects that purchases made under these agreements in the ordinary course of business will eventually exceed the minimum commitment levels, and that any deposits will become fully refundable or will be reflected as a credit against purchases. The amounts above do not necessarily reflect the dollar amount of the Company’s binding commitments or minimum purchase obligations, and instead reflect an estimate of its future payment obligations based on information currently available. Othe r. The Company had an aggregate of $46,059 of other purchase commitments as of March 31, 2020 , which generally consisted of material commitments for future capital expenditures, commitments under service contracts, and requirements to pay promotional expenses. Future capital expenditures primarily relate to retail store build-out of leasehold improvements for a new flagship store location that is currently intended to replace an existing flagship store during the fourth quarter of the fiscal year ending March 31, 2021, as well as the continued expansion of the Company’s warehouse and distribution center located in Moreno Valley, California. Litigation . From time to time, the Company is involved in various legal proceedings and claims arising in the ordinary course of business. Although the results of legal proceedings and claims cannot be predicted with certainty, the Company currently believes that the final outcome of these ordinary course matters will not, individually or in the aggregate, have a material adverse effect on its business, results of operations, financial condition or cash flows. However, regardless of the outcome, litigation can have an adverse impact on the Company because of legal costs, diversion of management time and resources, and other factors. Indemnification. The Company has agreed to indemnify certain of its licensees, distributors, and promotional partners in connection with claims related to the use of the Company’s intellectual property. The terms of such agreements range up to five years initially and generally do not provide for a limitation on the maximum potential future payments. From time to time, the Company also agrees to indemnify its licensees, distributors, and promotional partners in connection with claims that the Company’s products infringe on the intellectual property rights of third parties. These agreements may or may not be made pursuant to a written contract. In addition, from time to time, the Company also agrees to standard indemnification provisions in commercial agreements in the ordinary course of business. Management believes the likelihood of any payments under any of these arrangements is remote and would be immaterial. This determination is made based on a prior history of insignificant claims and related payments. There are currently no pending claims relating to indemnification matters involving the Company’s intellectual property.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation In September 2015, the Company’s stockholders approved the 2015 Stock Incentive Plan (2015 SIP), for which the primary purpose is to encourage ownership in the Company by key personnel, whose long-term service is considered essential to the Company’s continued success. The 2015 SIP reserves 1,275,000 shares of the Company’s common stock for issuance to employees, directors, consultants, independent contractors and advisors. The maximum aggregate number of shares that may be issued to employees under the 2015 SIP through the exercise of incentive stock options is 750,000 . The Company may grant various types of stock-based compensation under the 2015 SIP, including time-based restricted stock units (RSUs), performance-based restricted stock units (PSUs), stock appreciation rights, and non-qualified stock options (NQSOs). The Company typically makes annual grants of RSUs (Annual RSUs) and PSUs (Annual PSUs) to key employees and certain executive officers, and long-term incentive plan (LTIP) awards to certain officers, including named executive officers. Annual Awards. The Company granted Annual RSUs and Annual PSUs under the 2015 SIP, which entitle the recipients to receive shares of the Company’s common stock upon vesting. The Annual RSUs are subject to time-based vesting criteria and vest in equal annual installments over three years following the date of grant. The vesting of Annual PSUs are subject to the achievement of pre-established Company performance criteria measured over the fiscal year during which they are granted, and to the extent the performance criteria has been met, vest in equal annual installments over three years thereafter. As of March 31, 2020 , the Company determined that the target performance criteria related to the Annual PSUs for the fiscal year ended March 31, 2020 were achieved. The Company granted annual awards under the 2015 SIP, as recorded in the consolidated statements of comprehensive income , as summarized below: Years Ended March 31, 2020 2019 2018 Shares Granted Weighted-average grant date fair value per share Shares Granted Weighted-average grant date fair value per share Shares Granted Weighted-average grant date fair value per share Annual RSUs 47,577 $ 171.50 62,743 $ 116.85 133,464 $ 67.70 Annual PSUs 19,938 174.36 31,320 116.34 54,090 68.44 Total 67,515 $ 172.34 94,063 $ 116.68 187,554 $ 67.92 Annual award activity recorded in the consolidated statements of comprehensive income , were as follows: Number of Shares Weighted- Average Grant-Date Fair Value Nonvested, March 31, 2017 226,244 $ 63.96 Granted 187,554 67.92 Vested (101,791 ) (67.63 ) Forfeited (22,710 ) (64.59 ) Nonvested, March 31, 2018 289,297 65.18 Granted 94,063 116.68 Vested (118,903 ) (64.39 ) Forfeited (33,058 ) (77.60 ) Nonvested, March 31, 2019 231,399 84.75 Granted 67,515 172.34 Vested (121,572 ) (76.81 ) Forfeited (14,993 ) (113.49 ) Nonvested, March 31, 2020 162,349 $ 124.47 Long-Term Incentive Plan Awards. LTIP awards recorded in the consolidated statements of comprehensive income , were as follows: 2020 LTIP PSUs. In September 2019, the Company approved LTIP awards under the 2015 SIP for the issuance of PSUs (2020 LTIP PSUs), which were awarded to certain members of the Company's senior management team, including the Company's named executive officers. The 2020 LTIP PSUs are subject to vesting based on service conditions over three years , as well as the Company meeting certain revenue and pre-tax income performance targets for the fiscal year ending March 31, 2022 (Measurement Period) and incorporates a relative total stockholder return (TSR) modifier for the 36 -month performance period commencing on April 1, 2019 and ending March 31, 2022 (Performance Period). To the extent financial performance is achieved above the threshold levels for each of these performance criteria, the number of 2020 LTIP PSUs that will vest will increase up to a maximum of 200% of the targeted amount for that award. No vesting of any portion of the 2020 LTIP PSUs will occur if the Company fails to achieve revenue and pre-tax income amounts equal to at least 90% of the threshold amounts for these criteria. Following the determination of the Company’s achievement with respect to the revenue and pre-tax income criteria for the Measurement Period, the vesting of each 2020 LTIP PSU will be subject to adjustment based on the application of a relative TSR modifier. The amount of the adjustment will be determined based on a comparison of the Company's TSR relative to the TSR of a pre-determined set of peer group companies for the Performance Period. A Monte-Carlo simulation model was used to determine the grant date fair value by simulating a range of possible future stock prices for the Company and each member of the peer group over the Performance Period. The Company granted awards at the target performance level of 38,174 2020 LTIP PSUs during the year ended March 31, 2020. The grant date fair value of these 2020 LTIP PSUs was $146.96 per share. Based on the Company's current long-range forecast, the Company determined that the achievement of at least the target performance criteria for these awards was probable as of the grant date . 2019 LTIP PSUs. In September 2018, the Company approved LTIP awards under the 2015 SIP for the issuance of PSUs (2019 LTIP PSUs), which were awarded to certain members of the Company’s senior management team, including the Company’s named executive officers. The 2019 LTIP PSUs are subject to vesting based on service conditions over three years , as well as the Company meeting certain revenue and pre-tax income performance targets for the fiscal year ending March 31, 2021. To the extent financial performance is achieved above the threshold levels for each of these performance criteria, the number of PSUs that will vest will increase up to a maximum of 200% of the targeted amount for that award. No vesting of any portion of the 2019 LTIP PSUs will occur if the Company fails to achieve revenue and pre-tax income amounts equal to at least 90% of the threshold amounts for these criteria. Following the determination of the Company’s achievement with respect to the revenue and pre-tax income criteria for the measurement period, the vesting of each 2019 LTIP PSUs will be subject to adjustment based on the application of a TSR modifier. The amount of the adjustment will be determined based on a comparison of the Company’s TSR relative to the TSR of a pre-determined set of peer group companies for the 36 -month performance period commencing on April 1, 2018 and ending on the vesting date. A Monte Carlo simulation model was used to determine the grant date fair value by simulating a range of possible future stock prices for the Company and each member of the peer group over the 36 -month performance period. The Company granted awards at the target performance level of 41,793 2019 LTIP PSUs during the year ended March 31, 2019. The average grant date fair value of these 2019 LTIP PSUs was $120.24 per share. Based on the Company’s current long-range forecast, the Company has determined that the achievement of at least the minimum threshold performance criteria for these awards was probable as of the grant date. 2016 LTIP PSUs . In November 2015, the Company approved LTIP awards under the 2015 SIP for issuance of PSUs (2016 LTIP PSUs), which were awarded to certain members of the Company’s management team. The 2016 LTIP PSUs were subject to vesting based on certain performance criteria and service conditions over three years . To the extent financial performance was achieved above the minimum threshold performance criteria, the number of 2016 LTIP PSUs that would vest was subject to increase up to a maximum of 200% of the targeted amount for that award. No vesting of any portion of the 2016 LTIP PSUs would occur if the Company failed to achieve at least 90% of the minimum threshold performance criteria. If the Company achieved the performance criteria, vesting of the 2016 LTIP PSUs would be subject to adjustment based on the application of a TSR modifier. The amount of the adjustment would be determined based on a comparison of the Company’s TSR relative to the TSR of a pre-determined set of peer group companies for the 36 -month performance period. Under this program, the Company granted awards that contained a maximum of approximately 308,000 2016 LTIP PSUs during the year ended March 31, 2016. The weighted-average grant date fair value of the 2016 LTIP PSUs was $50.05 per share. The Company did not believe the achievement of at least the minimum threshold performance criteria was probable, and accordingly, did not recognize stock-based compensation expense for these awards during the years ended March 31, 2018 and 2017. As of March 31, 2018, the Company did not meet the minimum threshold performance criteria, and the awards did not vest and were cancelled. LTIP award activity recorded in the consolidated statements of comprehensive income , were as follows: Number of Shares Weighted- Average Grant-Date Fair Value Nonvested, March 31, 2017 269,012 $ 50.22 Forfeited (269,012 ) (50.22 ) Nonvested, March 31, 2018 — — Granted* 83,586 120.24 Forfeited (6,488 ) (120.24 ) Nonvested, March 31, 2019 77,098 120.24 Granted* 76,348 146.96 Nonvested, March 31, 2020 153,446 $ 133.53 *The amounts granted are the maximum amounts under the terms of the applicable LTIP PSUs. Long-Term Incentive Plan Options. During the years ended March 31, 2020 and 2019 , no LTIP NQSOs were granted. Previously, the Company approved the issuance of LTIP NQSOs under the 2015 SIP, including in June 2017 (2018 LTIP NQSOs), which were awarded to certain members of the Company’s management team, with a maximum contractual term of seven years from the grant date. If the recipient provides continuous service, the LTIP NQSOs will vest after the Company has determined it achieved the target performance criteria by the date specified in the award. As of March 31, 2020 , the Company determined that the target performance criteria related to the LTIP NQSOs for the fiscal year ended March 31, 2020 were achieved. Each vested LTIP NQSO provides the recipient the right to purchase a specified number of shares of the Company’s common stock at a fixed exercise price per share based on the closing price of the common stock on the date of grant. LTIP option activity recorded in the consolidated statements of comprehensive income , were as follows: Number of Shares Weighted- Average Grant-Date Fair Value Weighted- Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Nonvested, March 31, 2017 191,786 $ 61.86 9.0 $ — Granted 205,554 69.29 Nonvested, March 31, 2018 397,340 65.70 7.1 9,666 Forfeited (35,957 ) (69.29 ) Nonvested, March 31, 2019 361,383 65.35 6.2 29,504 Exercised (58,444 ) (61.86 ) Nonvested, March 31, 2020 302,939 $ 66.02 5.0 $ 20,594 The Company measured stock-based compensation expense for the 2018 LTIP NQSOs at the date of grant using the Black-Scholes option pricing model, with the following weighted-average valuation assumptions: 2018 LTIP NQSOs Expected life (in years) 4.90 Expected volatility 38.73 % Risk free interest rate 1.78 % Dividend yield — % Weighted-average exercise price $ 69.29 Weighted-average option value $ 25.03 Grants to Directors. Each of the Company’s nonemployee directors is entitled to receive common stock with a total value of $125 for annual service on the Board of Directors. The shares are issued in equal quarterly installments with the number of shares being determined using the rolling average of the closing price of the Company’s common stock during the last ten trading days leading up to, and including, the 15 th day of the last month of each quarterly period. Each of these shares is fully vested on the date of issuance. Stock-Based Compensation Expense . Components of stock-based compensation expense recorded in the consolidated statements of comprehensive income , were as follows: Years Ended March 31, 2020 2019 2018 Annual RSUs $ 6,509 $ 6,588 $ 7,761 Annual PSUs 2,851 2,373 1,829 LTIP PSUs 2,203 885 — Years Ended March 31, 2020 2019 2018 LTIP NQSOs 1,641 3,516 3,432 Grants to Directors 1,045 1,223 1,135 Employee Stock Purchase Plan* 228 189 149 Total stock-based compensation expense, pre-tax 14,477 14,774 14,306 Income tax benefit (3,308 ) (3,546 ) (4,906 ) Total stock-based compensation expense, net of tax $ 11,169 $ 11,228 $ 9,400 *The 2015 Employee Stock Purchase Plan (ESPP) authorizes 1,000,000 shares of the Company’s common stock for sale to eligible employees using their after-tax payroll deductions, which are refundable until purchases are made, and are liability-classified. ESPP shares are excluded from basic earnings per share until purchases are made, while included in diluted earnings per share computations as after-tax payroll deductions are made. Each consecutive purchase period is six months (purchase period) in duration and shares are purchased on the last trading day of the purchase period (no look-back provision) for a fixed amount at a 15% discount to the closing price on that date. Purchase windows take place in February and August of each fiscal year. The net difference between the timing of compensation expense incurred and remeasured during the purchase period and purchase windows are recorded in other accrued expenses in the consolidated balance sheets . Unrecognized Stock-Based Compensation Expense. Total remaining unrecognized stock-based compensation expense as of March 31, 2020 related to non-vested awards that the Company considers probable to vest and the weighted-average period over which the cost is expected to be recognized in future periods, are as follows: Unrecognized Stock-based Compensation Expense Weighted-Average Remaining Vesting Period (Years) Annual RSUs $ 6,913 1.0 Annual PSUs 2,741 0.9 LTIP PSUs 5,999 1.5 Total $ 15,653

Derivative Instruments

Derivative Instruments	12 Months Ended
	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments As of March 31, 2020 and 2019 , the Company had no outstanding derivative contracts, however, settled derivative contracts with notional values were as follows: Years Ended March 31, 2020 2019 Designated Derivative Contracts $ 65,569 $ 126,332 Non-Designated Derivative Contracts 49,251 38,582 Total $ 114,820 $ 164,914 *Amounts during the year ended March 31, 2019 include $126,332 and $4,803 of notional value for Designated Derivative Contracts and Non-Designated Derivative Contracts, respectively, entered into during the year ended March 31, 2018. Designated Derivative Contracts activity recorded in the consolidated statements of comprehensive income , were as follows: Years Ended March 31, 2020 2019 2018 Gain (loss) recognized in OCI $ 1,516 $ 8,355 $ (9,593 ) Gain (loss) reclassified from AOCL into net sales 1,516 8,675 (8,541 ) Gain excluded from effectiveness testing recognized in SG&A expenses* — 1,918 1,376 *Amounts for the years ended March 31, 2019 and 2018 were recognized under legacy US GAAP. Beginning April 1, 2019, under the new hedging standard, these amounts are now recorded as a component of AOCL and were classified in net sales during the year ended March 31, 2020 . Amounts of income tax effects recorded in the consolidated statements of comprehensive income for changes in AOCL for unrealized gains or losses for Designated Derivative Contracts, were as follows: Years Ended March 31, 2020 2019 2018 Income tax expense* $ — $ 77 $ 439 *Amounts for the years ended March 31, 2019 and 2018 are inclusive of the income tax effects from the Tax Reform Act reclassified from AOCL to retained earnings in the consolidated balance sheets in connection with the previous adoption of a new accounting standard. The amount for the year ended March 31, 2020 is zero as the Company had settled all its outstanding Designated Derivative Contracts as of March 31, 2020 and 2019. Non-Designated Derivative Contracts activity recorded in the consolidated statements of comprehensive income , were as follows: Years Ended March 31, 2020 2019 2018 Gain (loss) recognized in SG&A expenses $ 328 $ 1,393 $ (2,574 ) The non-performance risk of the Company and the counterparties did not have a material impact on the fair value of its derivative contracts.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Mar. 31, 2020
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Stockholders’ Equity Stock Repurchase Programs. In January 2019, the Company’s Board of Directors approved a stock repurchase program which, together with stock repurchase programs approved in 2017 and 2015, authorized the Company to repurchase a total of up to $796,000 of its common stock in the open market or in privately negotiated transactions, subject to market conditions, applicable legal requirements, and other factors (collectively, the Stock Repurchase Programs). The full amounts originally authorized under the 2017 and 2015 stock repurchase programs have been repurchased and these programs have been completed. As of March 31, 2020 , the aggregate remaining approved amount under the Company’s Stock Repurchase Programs was $159,807 . The Company’s Stock Repurchase Programs do not obligate it to acquire any particular amount of common stock and may be suspended at any time at the Company’s discretion. The Company’s current revolving credit agreements allow it to make stock repurchases under these programs, as long as the Company does not exceed certain leverage ratios and no event of default has occurred under these arrangements. Publicly-announced stock repurchase activity of open-market transactions under the Company’s Stock Repurchase Programs, were as follows: Years Ended March 31, 2020 2019 2018 Total number of shares repurchased* 1,296,201 1,400,699 1,702,653 Average price paid per share $ 146.89 $ 115.22 $ 87.91 Dollar value of shares repurchased $ 190,405 $ 161,395 $ 149,687 *Any stock repurchases are made as part of publicly-announced programs in open-market transactions. Accumulated Other Comprehensive Loss . The components within AOCL, net of tax, recorded in the consolidated balance sheets , were as follows: As of March 31, 2020 2019 Cumulative foreign currency translation loss $ (25,559 ) $ (22,654 ) Total $ (25,559 ) $ (22,654 )

Basic and Diluted Shares

Basic and Diluted Shares	12 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Basic and Diluted Shares	Basic and Diluted Shares The reconciliation of basic to diluted weighted-average common shares outstanding, are as follows: Years Ended March 31, 2020 2019 2018 Basic 28,385,000 29,641,000 31,758,000 Dilutive effect of equity awards 309,000 262,000 238,000 Diluted 28,694,000 29,903,000 31,996,000 Excluded* Annual RSUs and Annual PSUs 3,000 3,000 200 LTIP PSUs 153,000 77,000 — LTIP NQSOs — 170,000 397,000 Deferred Non-Employee Director Equity Awards — 2,000 1,000 *The equity awards excluded from the dilutive effect are generally excluded due to one of the following: (1) the shares were anti-dilutive; (2) the necessary conditions had not been satisfied for the shares to be issuable based on the Company's performance for the relevant performance period; or (3) the Company recorded a net loss during the period presented. The number of shares stated for each of these excluded awards is the maximum number of shares issuable pursuant to these awards. For those awards with performance criteria, the actual number of shares to be issued pursuant to such awards will be based on Company performance in future periods, net of forfeitures. Refer to Note 8, “Stock-Based Compensation,” for further information on the Company's equity incentive plans.

Reportable Operating Segments

Reportable Operating Segments	12 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Reportable Operating Segments	Reportable Operating Segments Information reported to the Chief Operating Decision Maker (CODM), who is the Company’s Principal Executive Officer, is organized into six reportable operating segments and is consistent with how the CODM evaluates performance and allocates resources. The Company does not consider international operations to be a separate reportable operating segment, and the CODM reviews such operations in the aggregate with the reportable operating segments. Inter-segment sales from the Company’s wholesale reportable operating segments to the DTC reportable operating segment are at the Company’s cost, and there is no inter-segment profit on these inter-segment sales, nor are they reflected in income (loss) from operations of the wholesale reportable operating segments. The Company evaluates reportable operating segment performance primarily based on net sales and income (loss) from operations. The wholesale operations of each brand are generally managed separately because each requires different marketing, research and development, design, sourcing, and sales strategies. The income (loss) from operations of each of the reportable operating segments includes only those costs which are specifically related to each reportable operating segment, which consist primarily of cost of sales, research and development, design, sales and marketing, depreciation, amortization, and the direct costs of employees within those reportable operating segments. The Company does not allocate corporate overhead costs or non-operating income and expenses to reportable operating segments, which include unallocable overhead costs associated with distribution centers, certain executive and stock-based compensation, accounting, finance, legal, information technology, human resources, and facilities, among others. Reportable operating segment information, with a reconciliation to the consolidated statements of comprehensive income , were as follows: Years Ended March 31, 2020 2019 2018 Net sales UGG brand wholesale $ 892,990 $ 888,347 $ 841,893 HOKA brand wholesale 277,097 185,057 132,688 Teva brand wholesale 119,108 119,390 117,478 Sanuk brand wholesale 39,463 69,791 78,283 Other brands wholesale 67,175 42,818 17,273 Direct-to-Consumer 736,856 715,034 715,724 Total $ 2,132,689 $ 2,020,437 $ 1,903,339 Income (loss) from operations UGG brand wholesale $ 303,908 $ 300,761 $ 247,826 HOKA brand wholesale 61,860 35,717 20,954 Teva brand wholesale 30,736 27,939 20,400 Sanuk brand wholesale 3,212 12,781 14,474 Other brands wholesale 16,087 10,411 1,304 Direct-to-Consumer 182,548 185,449 156,896 Unallocated overhead costs (260,216 ) (245,738 ) (239,270 ) Total $ 338,135 $ 327,320 $ 222,584 Years Ended March 31, 2020 2019 2018 Depreciation, amortization, and accretion UGG brand wholesale $ 611 $ 1,254 $ 3,193 HOKA brand wholesale 612 456 485 Teva brand wholesale 1 10 12 Sanuk brand wholesale 2,361 4,171 4,174 Other brands wholesale 382 382 380 Direct-to-Consumer 10,586 12,195 13,396 Unallocated overhead costs 24,359 26,473 26,932 Total $ 38,912 $ 44,941 $ 48,572 Capital expenditures UGG brand wholesale $ 404 $ 205 $ 58 HOKA brand wholesale 434 285 — Teva brand wholesale — — — Sanuk brand wholesale — — 20 Other brands wholesale 64 11 — Direct-to-Consumer 7,753 5,739 8,641 Unallocated overhead costs 23,800 22,846 26,094 Total $ 32,455 $ 29,086 $ 34,813 Assets allocated to each reportable operating segment include trade accounts receivable, net, inventories, net, property and equipment, net, operating lease assets, goodwill, other intangible assets, net, and certain other assets that are specifically identifiable for one of the Company's reportable operating segments. Unallocated assets are those assets not directly related to a specific reportable operating segment and generally include cash and cash equivalents, deferred tax assets, net, and various other corporate assets shared by the Company's reportable operating segments. Assets allocated to each reportable operating segment, with a reconciliation to the consolidated balance sheets , are as follows: As of March 31, 2020 2019 Assets UGG brand wholesale $ 245,239 $ 240,411 HOKA brand wholesale 124,958 94,157 Teva brand wholesale 90,305 76,370 Sanuk brand wholesale 50,314 71,285 Other brands wholesale 21,535 14,618 Direct-to-Consumer 243,489 95,501 Total assets from reportable operating segments 775,840 592,342 Unallocated cash and cash equivalents 649,436 589,692 Unallocated deferred tax assets, net 28,233 30,870 Unallocated other corporate assets 311,609 214,302 Total $ 1,765,118 $ 1,427,206

Concentration of Business

Concentration of Business	12 Months Ended
	Mar. 31, 2020
Risks and Uncertainties [Abstract]
Concentration of Business	Concentration of Business Regions and Customers . The Company sells its products to customers throughout the US and to foreign customers in various countries, with concentrations that were as follows: Years Ended March 31, 2020 2019 2018 International net sales $ 730,997 $ 742,079 $ 729,278 % of net sales 34.3 % 36.7 % 38.3 % Net sales in foreign currencies $ 587,233 $ 605,725 $ 617,867 % of net sales 27.5 % 30.0 % 32.5 % Ten largest customers as % of net sales 23.7 % 27.7 % 28.2 % For the years ended March 31, 2020 , 2019 , and 2018 , no single foreign country comprised 10.0% or more of the Company’s total net sales. No single customer accounted for 10.0% or more of the Company’s net sales during the years ended March 31, 2020 , 2019 , and 2018 . The Company sells its products to customers for trade accounts receivables and, as of March 31, 2020 and 2019 , had no individual customers that exceeded 10% of trade accounts receivable, net. 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. Suppliers . The Company's production is concentrated at a limited number of independent manufacturing factories, primarily in Asia. Sheepskin is the principal raw material for certain UGG brand products and most of the Company's sheepskin is purchased from two tanneries in China, which is sourced primarily from Australia and the United Kingdom. The supply of sheepskin can be adversely impacted by weather patterns, harvesting decisions, incidents of disease, and the price of other commodities, such as wool and leather. Furthermore, the price of sheepskin is impacted by numerous other factors, including demand for the Company's products, demand for sheepskin by competitors, changes in consumer preferences, and changes in discretionary spending. Long-Lived Assets . Long-lived assets, which consist of property and equipment, net, recorded in the consolidated balance sheets , are as follows: As of March 31, 2020 2019 US $ 194,679 $ 196,702 Foreign* 14,358 17,094 Total $ 209,037 $ 213,796 * No single foreign country’s property and equipment, net, represented 10.0% or more of the Company’s total property and equipment, net, as of March 31, 2020 and March 31, 2019 .

Quarterly Summary of Informatio

Quarterly Summary of Information (Unaudited)	12 Months Ended
	Mar. 31, 2020
Quarterly Financial Information Disclosure [Abstract]
Quarterly Summary of Information (Unaudited)	Quarterly Summary of Information (Unaudited) The Company’s business is seasonal, with the highest percentage of UGG and Koolaburra brand net sales occurring in the quarters ending September 30th and December 31st and the highest percentage of Teva and Sanuk brand net sales occurring in the quarters ending March 31st and June 30th. Net sales for the HOKA brand occur more evenly throughout the year reflecting the brand's year-round performance product offerings. Due to the magnitude of the UGG brand relative to the Company’s other brands, the Company’s aggregate net sales in the quarters ending September 30th and December 31st have significantly exceeded the Company’s aggregate net sales in the quarters ending March 31st and June 30th. While the Company continues to take steps to diversify and expand its product offerings by creating more year-round styles and growing the year-round net sales of the HOKA brand as a percentage of the Company’s aggregate net sales, the Company expects the seasonality trends that have resulted in significant variations in the Company’s aggregate net sales from quarter to quarter to decrease over time. Summarized unaudited quarterly financial data, were as follows: Fiscal Year 2020 Quarter Ended 6/30/2019 9/30/2019 12/31/2019 3/31/2020 Net sales $ 276,839 $ 542,205 $ 938,735 $ 374,910 Gross profit 130,019 273,024 507,632 192,998 (Loss) income from operations (31,417 ) 97,131 255,766 16,655 Net (loss) income (19,351 ) 77,810 201,593 16,090 Net (loss) income per share Basic $ (0.67 ) $ 2.73 $ 7.21 $ 0.57 Diluted $ (0.67 ) $ 2.71 $ 7.14 $ 0.57 Fiscal Year 2019 Quarter Ended 6/30/2018 9/30/2018 12/31/2018 3/31/2019 Net sales $ 250,594 $ 501,913 $ 873,800 $ 394,130 Gross profit 114,965 251,887 470,093 203,305 (Loss) income from operations (39,414 ) 90,412 244,718 31,604 Net (loss) income (30,407 ) 74,372 196,374 23,969 Net (loss) income per share Basic $ (1.00 ) $ 2.49 $ 6.74 $ 0.82 Diluted $ (1.00 ) $ 2.48 $ 6.68 $ 0.82

Schedule II VALUATION AND QUALI

Schedule II VALUATION AND QUALIFYING ACCOUNTS	12 Months Ended
	Mar. 31, 2020
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Schedule II VALUATION AND QUALIFYING ACCOUNTS	Allowances for doubtful accounts, sales discounts, chargebacks and sales returns against trade accounts receivable recorded in the consolidated balance sheets , are as follows: As of March 31, 2020 2019 2018 Allowance for doubtful accounts (1) Balance at Beginning of Year $ 5,073 $ 3,487 $ 5,979 Additions 3,498 2,849 4,168 Deductions (1,582 ) (1,263 ) (6,660 ) Balance at End of Year $ 6,989 $ 5,073 $ 3,487 Allowance for sales discounts (2) Balance at Beginning of Year $ 710 $ 1,400 $ 3,100 Additions 14,845 11,712 19,972 Deductions (14,525 ) (12,402 ) (21,672 ) Balance at End of Year $ 1,030 $ 710 $ 1,400 Allowance for chargebacks (3) Balance at Beginning of Year $ 13,041 $ 7,727 $ 7,028 Additions 13,399 23,369 19,019 Deductions (13,313 ) (18,055 ) (18,320 ) Balance at End of Year $ 13,127 $ 13,041 $ 7,727 Allowance for sales returns (4) Balance at Beginning of Year $ — $ 20,848 $ 16,247 Additions — — 51,677 Deductions — (20,848 ) (47,076 ) Balance at End of Year $ — $ — $ 20,848 Total $ 21,146 $ 18,824 $ 33,462 (1) The additions to the allowance for doubtful accounts represent estimates of the Company’s bad debt expense based on the factors on which the Company evaluates the collectability of its accounts receivable, with actual recoveries netted into additions. Deductions are for the actual write-off of the related trade accounts receivables. (2) The additions to the allowance for sales discounts represent estimates of discounts to be taken by the Company’s customers based on the amount of outstanding discounts for meeting certain order, shipment, and prompt payments terms. Deductions are for the actual discounts taken by the Company’s wholesale channel customers. Discounts for DTC customers are taken at the point of sale and are not reflected in the allowance for sales discounts. (3) The additions to the allowance for chargebacks represent chargebacks and markdowns taken in the respective year, as well as an estimate of amounts that will be taken in the future related to sales in the current reporting period. Deductions are for the actual amounts written off against outstanding trade accounts receivables. (4) Amounts presented as of March 31, 2018 reflect the wholesale channel sales returns reserve on a net basis, prior to the adoption of ASU 2014-09, Revenue from Contracts with Customers, which resulted in gross basis presentation in the consolidated balance sheets beginning April 1, 2018. Returns for DTC customer products were previously excluded as they were separately recorded in other accrued expenses in the consolidated balance sheets. In prior periods presented, the additions to the allowance for sales returns represented estimates of returns based on the Company’s historical wholesale channel customer returns experience. Deductions were for the actual return of products.

General (Policies)

General (Policies)	12 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation. The consolidated financial statements and accompanying notes thereto (referred to herein as consolidated financial statements ) as of March 31, 2020 and 2019 and or the years ended March 31, 2020 , 2019 , and 2018 were prepared in accordance with accounting principles generally accepted in the United States (US GAAP).
Consolidation	Consolidation. The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
Reclassifications	Reclassifications . Certain reclassifications were made for prior periods presented to conform to the current period presentation.
Use of Estimates	Use of Estimates. The preparation of the Company’s consolidated financial statements in accordance with US GAAP requires management to make estimates and assumptions that affect the amounts reported. Management bases these estimates and assumptions upon historical experience, existing and known circumstances, authoritative accounting pronouncements and other factors that management believes to be reasonable. Although the full impact of the COVID-19 pandemic is unknown and cannot be reasonably estimated, the Company has made appropriate accounting estimates based on the facts and circumstances available as of the reporting date. To the extent there are differences between these estimates and actual results, the Company’s consolidated financial statements may be materially affected. Significant areas requiring the use of management estimates relate to inventory write-downs, trade accounts receivable allowances, including variable consideration for net sales provided to customers, contract assets and liabilities, stock-based compensation, impairment assessments, goodwill and other intangible assets, depreciation and amortization, income tax receivables and liabilities, uncertain tax positions, the fair value of financial instruments, the reasonably certain lease term, lease classification, and the Company's incremental borrowing rate (IBR) utilized to discount its unpaid lease payments to measure its operating lease assets and liabilities.
Foreign Currency Translation	Foreign Currency Translation . The Company considers the United States (US) dollar as its functional currency. The Company’s wholly-owned foreign subsidiaries have various assets and liabilities, primarily cash, receivables, and payables, which are denominated in currencies other than their functional currency. The Company remeasures these monetary assets and liabilities using the exchange rate at the end of the reporting period, which results in gains and losses that are recorded in selling, general and administrative (SG&A) expenses in the consolidated statements of comprehensive income as incurred. In addition, the Company translates assets and liabilities of subsidiaries with reporting currencies other than US dollars into US dollars using the exchange rates at the end of the reporting period, which results in financial statement translation gains and losses recorded in other comprehensive income or loss (OCI).
Reportable Operating Segments	Reportable Operating Segments. The Company’s six Information reported to the Chief Operating Decision Maker (CODM), who is the Company’s Principal Executive Officer, is organized into six reportable operating segments and is consistent with how the CODM evaluates performance and allocates resources. The Company does not consider international operations to be a separate reportable operating segment, and the CODM reviews such operations in the aggregate with the reportable operating segments. Inter-segment sales from the Company’s wholesale reportable operating segments to the DTC reportable operating segment are at the Company’s cost, and there is no inter-segment profit on these inter-segment sales, nor are they reflected in income (loss) from operations of the wholesale reportable operating segments. Assets allocated to each reportable operating segment include trade accounts receivable, net, inventories, net, property and equipment, net, operating lease assets, goodwill, other intangible assets, net, and certain other assets that are specifically identifiable for one of the Company's reportable operating segments. Unallocated assets are those assets not directly related to a specific reportable operating segment and generally include cash and cash equivalents, deferred tax assets, net, and various other corporate assets shared by the Company's reportable operating segments.
Restructuring Plan	Restructuring Plan . In February 2016, the Company announced the implementation of a multi-year restructuring plan which was designed to realign its brands across its Fashion Lifestyle and Performance Lifestyle groups, optimize the Company’s worldwide owned retail store fleet, and consolidate its management and operations. In general, the intent of this restructuring plan was to reduce overhead costs and create operating efficiencies while improving collaboration across brands. As of March 31, 2019, the Company has completed its restructuring plan, incurred cumulative restructuring charges to date, and does not anticipate incurring restructuring charges in connection with this plan in future periods.
Recent Accounting Pronouncements	Recent Accounting Pronouncements. The Financial Accounting Standards Board has issued accounting standards updates (ASUs) that have been adopted and not yet adopted by the Company for its annual and interim reporting periods as stated below. Recently Adopted. Adopted ASUs during the year ended March 31, 2020 and the impact on the Company, were as follows: Standard Description Impact on Adoption ASU No. 2016-02, Leases (as amended by ASUs 2015-14, 2018-01, 2018-10, 2018-11, 2018-20, and 2019-01) Requires a lessee to recognize a lease asset and lease liability in its consolidated balance sheets. A lessee should recognize a right-of-use (ROU) asset representing its right to use the underlying asset for the estimated lease term, and a liability for related lease payments. The Company adopted this ASU (the new lease standard) on a modified retrospective basis beginning April 1, 2019. On adoption, the Company recorded a $230,048 increase to total assets due to the recognition of ROU assets, net of prior legacy US GAAP lease-related balances for deferred rent obligations and tenant allowances of $27,895, as previously recorded in other accrued expenses, deferred rent obligations, and other long-term liabilities, in the consolidated balance sheets. In addition, the Company recorded a corresponding $254,538 increase to total liabilities due to the recognition of lease liabilities, net of a prior legacy US GAAP lease-related balance for prepaid rent of $4,846, as previously recorded in prepaid expenses, in the consolidated balance sheets. ROU assets and lease liabilities include lease obligations for operating leases for retail stores, showrooms, offices, and distribution facilities. ROU assets and related lease liabilities are presented as operating lease assets and operating lease liabilities in the consolidated balance sheets. including its borrowing strategy subject to leverage ratios. However, it did result in additional disclosures and presentation changes to the consolidated statements of cash flows in the current period, including supplemental cash flow disclosure, as well as expanded disclosures on existing and new lease commitments. Standard Description Impact on Adoption ASU No. 2017-12, Derivatives and Hedging: Targeted Improvements to Accounting for Hedging Activities (as amended by ASUs 2018-16 and 2019-04) Seeks to improve the transparency and understandability of information conveyed to financial statement users about an entity's risk management activities and to reduce the complexity of and simplify the application of hedge accounting. This ASU eliminates the requirement to separately measure and report hedge ineffectiveness. The Company adopted this ASU (the new hedging standard) beginning April 1, 2019 on a prospective basis, which did not have a material impact on the consolidated financial statements. However, the Company made a change in accounting policy with respect to ineffective hedges and elected not to exclude hedge components from the periodic assessment of hedge effectiveness. Under legacy US GAAP, these amounts were excluded from hedge effectiveness and therefore excluded as a component of accumulated other comprehensive loss (AOCL), and immediately recorded in SG&A expenses in the consolidated statements of comprehensive income. Under the new hedging standard, these gains or losses will now be recorded as a component of AOCL and will be reclassified to net sales in the consolidated statements of comprehensive income in the same period or periods as the related net sales are recorded. The comparative consolidated financial statements have not been restated and continue to be reported under legacy US GAAP in effect for those prior reporting periods presented. Refer to Note 9, “Derivative Instruments,” for further information on the Company's hedging instruments. Not Yet Adopted. Applicable ASUs issued that have not yet been adopted by the Company, the planned period of adoption, and the expected impact on the Company on adoption, are as follows: Standard Description Planned Period of Adoption Expected Impact on Adoption ASU No. 2017-04, Goodwill and Other: Simplifying the Test for Goodwill Impairment (as amended by ASU 2019-06) Requires annual and interim goodwill impairment tests be performed by comparing the fair value of a reporting unit with its carrying amount, effectively eliminating step two of the goodwill impairment test under legacy US GAAP. The amount by which the carrying amount exceeds the reporting unit’s fair value will continue to be recognized as an impairment charge. Q1 FY 2021 The Company does not expect that the adoption of this ASU will have a material impact on its consolidated financial statements. ASU No. 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments (as amended by ASUs 2018-19, 2019-04, 2019-05, 2019-11, 2020-02, and 2020-03) Replaces the incurred loss impairment methodology in legacy US GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. Q1 FY 2021 The Company does not expect that the adoption of this ASU will have a material impact on its consolidated financial statements. ASU No. 2019-12, Income Taxes - Simplifying the Accounting for Income Taxes Removes certain exceptions for recognizing deferred taxes for investments, performing intra-period allocation and calculating income taxes in interim periods, as well as reduces complexity in certain areas, including recognizing deferred taxes for tax goodwill and allocating taxes to members of a consolidated group. Q1 FY 2022 The Company is currently evaluating the impact of the adoption of this ASU; however, the Company does not expect that the adoption will have a material impact on its consolidated financial statements. Standard Description Planned Period of Adoption Expected Impact on Adoption ASU No. 2020-04, Reference Rate Reform - Facilitation of the Effects of Reference Rate Reform on Financial Reporting London Interbank Offered Rate (LIBOR) is a benchmark interest rate referenced in a variety of agreements that are used by all types of entities. At the end of 2021, banks will no longer be required to report information that is used to determine LIBOR. As a result, LIBOR could be discontinued. Other interest rates used globally could also be discontinued for similar reasons. This ASU provides companies with optional guidance to ease the potential accounting burden associated with transitioning away from reference rates that are expected to be discontinued. Guidance is limited for adoption through December 31, 2022. Q4 FY 2021 The Company is currently evaluating the impact of the adoption of this ASU on its consolidated financial statements.
Cash Equivalents	Cash Equivalents
Allowance for Doubtful Accounts	Allowances for Doubtful Accounts . The Company provides an allowance against trade accounts receivable for estimated losses that may result from customers’ inability to pay. The Company determines the amount of the allowance by analyzing known uncollectible accounts, aged trade accounts receivable, economic conditions and forecasts, historical experience and the customers’ creditworthiness. Trade accounts receivable that are subsequently determined to be uncollectible are charged or written off against this allowance. Additions to the allowance represent bad debt expense estimates which are recorded in SG&A expenses in the consolidated statements of comprehensive income . The allowance includes specific allowances for trade accounts, for which all or a portion are identified as potentially uncollectible based on known or anticipated losses.
Inventories	Inventories . Inventories, principally finished goods on hand and in transit, are stated at the lower of cost (weighted average) or net realizable value less an approximate normal profit margin at each financial statement date. Cost includes shipping, duty, and handling fees which are subsequently expensed to cost of sales. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation.
Cloud Computing Arrangements	Cloud Computing Arrangements . The Company enters into various cloud computing arrangements (CCA) that are governed by service contracts (hosting arrangements) to support operations. Application development stage implementation costs (implementation costs) of a hosting arrangement are deferred and recorded to prepaid expenses and other assets in the consolidated balance sheets . Implementation costs are expensed on a straight-line basis and recorded in SG&A expenses in the consolidated statements of comprehensive income over the term of the hosting arrangement, including reasonably certain renewals, which are generally one to five years .
Property and Equipment, Depreciation and Amortization	Property and Equipment, Depreciation and Amortization . Property and equipment are stated at cost less accumulated depreciation and amortization, and generally have a useful life of at least one year . Property and equipment include tangible, non-consumable items owned by the Company. Software implementation costs are capitalized if they are incurred during the application development stage and relate to costs to obtain computer software from third parties, including related consulting expenses, or costs incurred to modify existing software that results in additional upgrades or enhancements that provide additional functionality. Depreciation of property and equipment is calculated using the straight-line method based on the estimated useful life. Leasehold improvements are amortized to their residual value, if any, on the straight-line basis over their estimated economic useful lives or the lease term, whichever is shorter. Changes in the estimate of the useful life of an asset may occur after an asset is placed in service. For example, this may occur as a result of the Company incurring costs that prolong the useful life of an asset and are recorded as an adjustment to depreciation over the revised remaining useful life. Depreciation and amortization are recorded in SG&A expenses in the consolidated statements of comprehensive income .
Operating Lease Assets and Lease Liabilities	Operating Lease Assets and Lease Liabilities . The Company determines if an arrangement contains a lease at inception of a contract. The Company recognizes operating lease assets and lease liabilities in the consolidated balance sheets on the lease commencement date, based on the present value of the outstanding lease payments over the reasonably certain lease term. The lease term includes the non-cancelable period at the lease commencement date, plus any additional periods covered by the Company's options to extend (or not to terminate) the lease that are reasonably certain to be exercised, or an option to extend (or not to terminate) a lease that is controlled by the lessor. Operating lease assets are initially measured at cost, which comprises the initial amount of the associated lease liabilities, adjusted for lease payments made at or before the lease commencement date, plus any initial direct costs incurred, less any lease incentives, such as tenant allowances. Operating lease assets are subsequently measured throughout the lease term at the carrying amount of the associated lease liabilities, plus initial direct costs, plus or minus any prepaid or accrued lease payments, less the unamortized balance of lease incentives received. Operating lease assets and lease liabilities are presented separately in the consolidated balance sheets on a discounted basis. The current portion of operating lease liabilities is presented within current liabilities, while the long-term portion is presented separately as long-term operating lease liabilities. Refer to Note 7, “Leases and Other Commitments,” for further information on discount rate methodology used to measure operating lease assets and lease liabilities. Rent expense for operating lease payments is recognized on a straight-line basis over the lease term and recorded in SG&A expenses in the consolidated statements of comprehensive income . Lease payments recorded in the operating lease liability are (1) fixed payments, including in-substance fixed payments and fixed rate increases, owed over the lease term and (2) exclude any lease prepayments as of the periods presented. Refer to Note 7, “Leases and Other Commitments,” for further information on the nature of variable lease payments and timing of recognition in rent expense. The Company has elected not to recognize operating lease assets and lease liabilities for short-term leases, which are defined as those operating leases with a term of 12 months or less. Instead, lease payments for short-term leases are recognized on a straight-line basis over the lease term in rent expense and recorded as a component of SG&A expenses in the consolidated statements of comprehensive income . The Company monitors for events that require a change in estimates for its operating lease assets and lease liabilities, such as modifications to the terms of the contract, including the lease term, economic events that may trigger a contractual term contingency, such as minimum lease payments or termination rights, and related changes in discount rates used to measure the operating lease assets and liabilities, as well as events or circumstances that result in lease abandonment or operating lease asset impairments. When a change in estimates results in the remeasurement of the operating lease liability, a corresponding adjustment is made to the carrying amount of the operating lease asset. The operating lease assets are remeasured and amortized on a straight-line basis over the remaining lease term, with no impact on the related operating lease liabilities. Refer to the paragraph titled “Other Long-Lived Assets” below for further information on the Company’s accounting policy for evaluating the carrying amount of its operating lease assets and related leasehold improvements (asset group) for indicators of impairment.
Asset Retirement Obligations	Asset Retirement Obligations
Goodwill and Other Intangible Assets	Goodwill and Indefinite-Lived Intangible Assets . Goodwill is initially recorded as the excess of the purchase price over the fair value of the net assets acquired in a business combination. Indefinite-lived intangible assets consist primarily of trademarks, customer and distributor relationships, patents, lease rights and non-compete agreements arising from the application of purchase accounting. Goodwill and indefinite-lived intangible assets are not amortized but are instead tested for impairment annually, or when an event occurs or changes in circumstances indicate the carrying value may not be recoverable. The Company evaluates the goodwill for impairment at the reporting unit level for the UGG and HOKA brands wholesale reportable operating segments annually as of December 31st of each year and evaluates the Teva brand indefinite-lived trademarks for impairment annually as of October 31st of each year. The Company first assesses qualitative factors to determine whether it is necessary to perform a quantitative assessment of goodwill or indefinite-lived intangible assets. In general, conditions that may indicate impairment include, but are not limited to the following: (1) a significant adverse change in customer demand or business climate that could affect the value of an asset; (2) change in market share, budget-to-actual performance, and consistency of operating margins and capital expenditures; (3) changes in management or key personnel; or (4) changes in general economic conditions. The Company does not calculate the fair value of the assets unless the Company determines, based on a qualitative assessment, that it is more likely than not that its fair value is less than its carrying amount. If the Company concludes that it is more likely than not that its fair value is less than its carrying amount, then the Company prepares a quantitative assessment. The quantitative assessment requires an analysis of several best estimates and assumptions, including future sales and results of operations, and other factors that could affect fair value or otherwise indicate potential impairment. The goodwill impairment assessment involves valuing the Company’s various reporting units that carry goodwill, which are currently the same as the Company’s reportable operating segments. This includes considering the reporting units’ projected ability to generate income from operations and positive cash flow in future periods, as well as perceived changes in consumer demand and acceptance of products, or factors impacting the industry generally. Upon completion of the quantitative assessment, the Company compares the fair value of the asset to its carrying amount, and if the fair value exceeds its carrying amount, no impairment charge is recognized. If the fair value is less than its carrying amount, the Company will record an impairment charge to write down the asset to its fair value.
Other Long-Lived Assets	Definite-Lived Intangible and Other Long-Lived Assets . Definite-lived intangible and other long-lived assets, which include definite-lived trademarks, machinery and equipment, internal-use software, operating lease assets, and leasehold improvements are amortized to their estimated residual values, if any, on a straight-line basis over the estimated useful life and reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset group may not be recoverable. Amortization or depreciation are recorded in SG&A expenses in the consolidated statements of comprehensive income . At least quarterly, the Company evaluates factors that would necessitate an impairment assessment, which include a significant adverse change in the extent or manner in which an asset group is used, a significant adverse change in legal factors or the business climate that could affect the value of the asset group or a significant decline in the observable market value of the asset group, among others. When an impairment-triggering event has occurred, the Company tests for recoverability of the asset group’s carrying value using estimates of undiscounted future cash flows based on the existing service potential of the applicable asset group. In determining the service potential of a long-lived asset group, the Company considers its remaining useful life, cash-flow generating capacity, and physical output capacity. These estimates include the undiscounted future cash flows associated with future expenditures necessary to maintain the existing service potential. These assets are grouped with other assets and liabilities at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities. Recoverability of definite-lived intangible and other long-lived assets is measured by a comparison of the carrying amount to estimated undiscounted future cash flows expected to be generated by the asset group. If the carrying amount exceeds the estimated undiscounted future cash flows, an impairment charge is recognized for the amount by which the carrying amount exceeds the fair value of the asset group. Fair value of the asset group is measured using an observable or quoted market price. An impairment loss, if any, would only reduce the carrying amount of the long-lived assets in the asset group based on its fair value limitation and is allocated to individual assets in the asset group, unless doing so would reduce the carrying amount of a long-lived asset in the asset group to an amount less than zero. Impairment charges are recorded in SG&A expenses in the consolidated statements of comprehensive income .
Derivatives	Derivative Instruments and Hedging Activities . The Company may use derivative instruments to partially offset its business exposure to foreign currency risk on expected cash flows and certain existing assets and liabilities, primarily intercompany balances. To reduce the volatility in earnings from fluctuations in foreign currency exchange rates, the Company may hedge a portion of forecasted sales denominated in foreign currencies. The Company may enter into foreign currency forward or option contracts (derivative contracts), generally with maturities of 15 months or less, to manage this risk and certain of these derivative contracts are designated as cash flow hedges of forecasted sales (Designated Derivative Contracts). The Company may also enter into derivative contracts that are not designated as cash flow hedges (Non-Designated Derivative Contracts), to offset a portion of anticipated gains and losses on certain intercompany balances until the expected time of repayment. The Company does not use derivative contracts for trading purposes. The notional amounts of outstanding Designated and Non-Designated Derivative Contracts are recorded at fair value measured using Level 2 fair value inputs, consisting of forward spot rates at the end of the applicable periods, recorded in other current assets or other accrued expenses in the consolidated balance sheets . The after-tax unrealized gains or losses from changes in fair value of Designated Derivative Contracts are recorded as a component of AOCL and are reclassified to net sales in the consolidated statements of comprehensive income in the same period or periods as the related sales are recorded. When it is probable that a forecasted transaction will not occur, the Company discontinues hedge accounting and the accumulated gains or losses in AOCL related to the hedging relationship are immediately recorded in OCI in the consolidated statements of comprehensive income . Changes in the fair value of Non-Designated Derivative Contracts are recorded in SG&A expenses in the consolidated statements of comprehensive income . The changes in fair value for these contracts are generally offset by the remeasurement gains or losses associated with the underlying foreign currency-denominated balances, which are also recorded in SG&A expenses in the consolidated statements of comprehensive income . The Company generally enters into over-the-counter derivative contracts with high-credit-quality counterparties, and therefore, considers the risk that counterparties fail to perform according to the terms of the contract as low. The Company factors the nonperformance risk of the counterparties into the fair value measurements of its derivative contracts.
Revenue Recognition	Revenue Recognition . Revenue is recognized when a performance obligation is completed at a point in time and when the customer has obtained control. Control passes to the customer when they have the ability to direct the use of, and obtain substantially all the remaining benefits from, the goods transferred. The amount of revenue recognized is based on the transaction price, which represents the invoiced amount less known actual amounts or estimates of variable consideration. The Company recognizes revenue and measures the transaction price net of taxes, including sales taxes, use taxes, value-added taxes, and some types of excise taxes, collected from customers and remitted to governmental authorities. The Company presents revenue gross of fees and sales commissions. Sales commissions are expensed as incurred and are recorded in SG&A expenses in the consolidated statements of comprehensive income . The Company's customer contracts do not have a significant financing component due to their short durations, which are typically effective for one year or less and have payment terms that are generally 30 - 60 days. Wholesale and international distributor revenue are recognized either when products are shipped or when delivered, depending on the applicable contract terms. Retail store and e-commerce revenue transactions are recognized at the point of sale and upon shipment, respectively. Shipping and handling costs paid to third-party shipping companies are recorded as cost of sales in the consolidated statements of comprehensive income . Shipping and handling costs are a fulfillment service, and, for certain wholesale and all e-commerce transactions, revenue is recognized when the customer is deemed to obtain control upon the date of shipment. Refer to Note 2, “Revenue Recognition,” for further information regarding the Company’s components of variable consideration, including allowances for sales discounts, chargebacks and sales return contract assets and liabilities. Cost of Sales . Cost of sales for the Company’s goods are for finished goods, which includes the purchase costs and related overhead. Overhead includes all costs for planning, purchasing, quality control, freight, duties, royalties paid to third parties and shrinkage. Cost includes allocation of initial molds and tooling cost that are amortized based on minimum contractual quantities of related product and recorded in cost of sales when the product is sold in the consolidated statements of comprehensive income . Variable Consideration . Components of variable consideration include estimated discounts, markdowns or chargebacks, and sales returns. Estimates for variable consideration are based on the amounts earned or estimates to be claimed as an adjustment to sales. Estimated variable consideration is included in the transaction price to the extent that it is probable that a significant reversal of the cumulative revenue recognized will not occur in a future period. Allowance for Sales Discounts. The Company provides a trade accounts receivable allowance for sales discounts for wholesale channel sales, which reflects a discount that customers may take, generally based on meeting certain order, shipment or prompt payment terms. The Company uses the amount of the discounts that are available to be taken against the period-end trade accounts receivable to estimate and record a corresponding reserve for sales discounts. Additions to the allowance are recorded against gross sales in the consolidated statements of comprehensive income and write-offs are recorded against the allowance for trade accounts receivable in the consolidated balance sheets . This is consistent with the presentation of such amounts during the prior period. Refer to Schedule II, “Total Valuation and Qualifying Accounts,” for further information regarding the Company’s allowance for sales discounts. Allowance for Chargebacks. The Company provides a trade accounts receivable allowance for chargebacks from wholesale customers. When customers pay their invoices, they may take deductions against their invoices that can include chargebacks for price differences, markdowns, short shipments and other reasons. Therefore, the Company records an allowance for known or unknown circumstances based on historical trends related to the timing and amount of chargebacks taken against wholesale channel customer invoices. Additions to the allowance are recorded against gross sales or SG&A expenses in the consolidated statements of comprehensive income and write-offs are recorded against the allowance for trade accounts receivable in the consolidated balance sheets . This is consistent with the presentation of such amounts during the prior period. Refer to Schedule II, “Total Valuation and Qualifying Accounts,” for further information regarding the Company’s allowance for chargebacks. Contract Assets and Liabilities . Contract assets represent the Company’s right to consideration subject to conditions other than the passage of time, such as additional performance obligations to be satisfied. Contract liabilities are performance obligations that the Company expects to satisfy or relieve within the next 12 months, advance consideration obtained prior to satisfying a performance obligation, or unconditional obligations to provide goods or services under non-cancelable contracts before the transfer of goods or services to the customer has occurred . Contract assets and liabilities are recorded in other current assets and other accrued expenses, respectively, in the consolidated balance sheets . Sales Return Liability . Reserves are recorded for anticipated future returns of goods shipped prior to the end of the reporting period. In general, the Company accepts returns for damaged or defective products for up to one year. The Company also has a policy whereby returns are accepted from DTC customers for up to 30 days from point of sale for cash or credit. Amounts of these reserves are based on known and actual returns, historical returns, and any recent events that could result in a change from historical return rates. Sales returns are a contract asset for the right to recover product-related inventory and a contract liability for advance consideration obtained prior to satisfying a performance obligation. Changes to the sales return liability are recorded against gross sales for the contract liability and cost of sales for the contract asset in the consolidated statements of comprehensive income . The contract liability is recorded in other accrued expenses and the related contract asset for the cost of sales for estimated product returns is recorded in other current assets in the consolidated balance sheets . Activity during the years ended March 31, 2020 and 2019 related to estimated sales returns for the Company’s existing customer contracts for all channels, were as follows: Contract Asset Contract Liability Balance, March 31, 2018 $ 11,251 $ (23,156 ) Net additions to sales return liability* 36,223 (120,102 ) Actual returns (37,033 ) 118,471 Balance, March 31, 2019 10,441 (24,787 ) Net additions to sales return liability* 36,028 (117,969 ) Actual returns (36,806 ) 117,089 Balance, March 31, 2020 $ 9,663 $ (25,667 ) * Net additions to sales return liability include a provision for anticipated sales returns which consists of both contractual return rights and discretionary authorized returns. Loyalty Programs . The Company has a customer loyalty program for the UGG brand in its DTC channel where customers earn rewards from qualifying purchases or activities. The Company defers recognition of revenue for unredeemed awards until the following occurs: (1) rewards are redeemed by the customer, (2) points or certificates expire, or (3) an estimate of the expected unused portion of points or certificates is applied, which is based on historical redemption patterns. As of March 31, 2020 and 2019 , the Company’s contract liability for loyalty programs was $6,950 and $5,171 , respectively, and is recorded in other accrued expenses in the consolidated balance sheets
Research and Development Costs	Research and Development Costs
Advertising, Marketing and Promotion Expenses	Advertising, Marketing, and Promotion Expenses . Advertising, marketing and promotion expenses include media advertising (television, radio, print, social, digital), tactical advertising (signs, banners, point-of-sale materials) and other promotional costs, with $144,948 , $118,291 , and $111,658 for the years ended March 31, 2020 , 2019 and 2018 , respectively, recorded in SG&A expenses in the consolidated statements of comprehensive income
Stock Compensation	Stock-Based Compensation . All of the Company’s stock-based compensation is classified within stockholders’ equity. Stock-based compensation expense is measured at the grant date based on the value of the award and is expensed ratably over the service period. The Company recognizes expense only for those awards that management deems probable of achieving the performance criteria and service conditions. Determining the fair value and related expense of stock-based compensation requires judgment, including estimating the percentage of awards that will be forfeited and probabilities of meeting the awards’ performance criteria. If actual forfeitures differ significantly from the estimates or if probabilities change during a period, stock-based compensation expense and the Company’s results of operations could be materially impacted. Stock-based compensation expense is recorded in SG&A expenses in the consolidated statements of comprehensive income seven years from the grant date. If the recipient provides continuous service, the LTIP NQSOs will vest after the Company has determined it achieved the target performance criteria by the date specified in the award. As of March 31, 2020 , the Company determined that the target performance criteria related to the LTIP NQSOs for the fiscal year ended March 31, 2020 were achieved. Each vested LTIP NQSO provides the recipient the right to purchase a specified number of shares of the Company’s common stock at a fixed exercise price per share based on the closing price of the common stock on the date of grant. three years , as well as the Company meeting certain revenue and pre-tax income performance targets for the fiscal year ending March 31, 2021. To the extent financial performance is achieved above the threshold levels for each of these performance criteria, the number of PSUs that will vest will increase up to a maximum of 200% of the targeted amount for that award. No vesting of any portion of the 2019 LTIP PSUs will occur if the Company fails to achieve revenue and pre-tax income amounts equal to at least 90% of the threshold amounts for these criteria. Following the determination of the Company’s achievement with respect to the revenue and pre-tax income criteria for the measurement period, the vesting of each 2019 LTIP PSUs will be subject to adjustment based on the application of a TSR modifier. The amount of the adjustment will be determined based on a comparison of the Company’s TSR relative to the TSR of a pre-determined set of peer group companies for the 36 -month performance period commencing on April 1, 2018 and ending on the vesting date. A Monte Carlo simulation model was used to determine the grant date fair value by simulating a range of possible future stock prices for the Company and each member of the peer group over the 36 -month performance period. The Company granted Annual RSUs and Annual PSUs under the 2015 SIP, which entitle the recipients to receive shares of the Company’s common stock upon vesting. The Annual RSUs are subject to time-based vesting criteria and vest in equal annual installments over three years following the date of grant. The vesting of Annual PSUs are subject to the achievement of pre-established Company performance criteria measured over the fiscal year during which they are granted, and to the extent the performance criteria has been met, vest in equal annual installments over three years thereafter. As of March 31, 2020 , the Company determined that the target performance criteria related to the Annual PSUs for the fiscal year ended March 31, 2020 were achieved.
Retirement Plan	Retirement Plan . The Company provides a 401(k) defined contribution plan that eligible US employees may elect to participate in through tax-deferred contributions or other deferrals. The Company matches 50% of each eligible participant’s deferrals on up to 6% of eligible compensation. Internationally, the Company has various defined contribution plans. Certain international locations require mandatory contributions under social programs, and the Company contributes at least the statutory minimums. US 401(k) matching contributions totaled $3,251 , $3,060 , and $2,269 during the years ended March 31, 2020 , 2019 and 2018 , respectively, and were recorded in SG&A expenses in the consolidated statements of comprehensive income
Non-qualified Deferred Compensation	Non-qualified Deferred Compensation . In 2010, the Company sponsors a non-qualified deferred compensation plan that permits a select group of management employees to defer earnings to a future date on a non-qualified basis. For each plan year, the Company’s Board of Directors may, but is not required to, contribute any amount it desires to any participant. The Company’s contribution guidelines are determined by the Board of Directors annually. In March 2015, the Board of Directors approved a Company contribution feature for future plan years beginning in calendar year 2016 and gave management the authority to approve actual contributions. As of March 31, 2020 and 2019 , no
Self-Insurance	Self-Insurance . The Company is self-insured for a significant portion of its employee medical, including pharmacy, and dental liability exposures. Liabilities for self-insured exposures are accrued for the amounts expected to be paid based on historical claims experience and actuarial data for forecasted settlements of claims filed and for incurred but not yet reported claims. Accruals for self-insured exposures are included in current liabilities in the consolidated balance sheets . Excess liability insurance has been purchased to limit the amount of self-insured risk on claims.
Income Taxes	Income Taxes . Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income during the years in which those temporary differences are expected to be recovered or settled. The effect on deferred taxes of a change in tax rates is recorded in the consolidated statements of comprehensive income in the period that includes the enactment date. The Company recognizes the effect of income tax positions in the consolidated financial statements only if those positions are more likely than not to be sustained upon examination. Recognized income tax positions are measured at the largest amount of tax benefit that is more than 50% likely to be realized upon settlement. Changes in recognition or measurement are recorded in the period in which the change in judgment occurs. The Company records interest and penalties accrued for income tax contingencies as interest expense in the consolidated statements of comprehensive income .
Comprehensive Income	Comprehensive Income
Net Income Per Share	Net Income per Share Note 8, “Stock-Based Compensation,” for further information on the Company's equity incentive plans.
Fair Value Measurement	The accounting standard for fair value measurements provides a framework for measuring fair value, which is defined as the price that would be received for an asset or the exit price that would be paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date. The fair value hierarchy under this accounting standard requires an entity to maximize the use of observable inputs, where available. The following summarizes the three levels of inputs required: • Level 1: Quoted prices in active markets for identical assets and liabilities. • Level 2: Observable inputs other than quoted prices in active markets for identical assets and liabilities. • Level 3: Unobservable inputs in which little or no market activity exists, therefore requiring the Company to develop its own assumptions. The carrying amount of the Company’s financial instruments, which principally include cash and cash equivalents, trade accounts receivable, net, trade accounts payable, accrued payroll, and other accrued expenses, approximates fair value due to their short-term nature. The carrying amount of the Company’s short-term borrowings and mortgage payable, which are considered Level 2 liabilities, approximates fair value based upon current rates and terms available to the Company for similar debt.

General (Tables)

General (Tables)	12 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Restructuring and Related Costs	Through March 31, 2019, the Company had incurred cumulative restructuring charges by applicable reportable operating segment as follows: Years Ended March 31, Cumulative Restructuring Charges* 2019 2018 UGG brand wholesale $ — $ — $ 2,238 Sanuk brand wholesale — — 3,068 Other brands wholesale — — 2,263 Direct-to-Consumer — 149 23,454 Unallocated overhead costs 295 1,518 24,596 Total $ 295 $ 1,667 $ 55,619 *Cumulative restructuring charges include restructuring charges of $28,984 and $24,673
Schedule of Restructuring Reserve by Type of Cost	The remaining accrued liabilities for cumulative restructuring charges incurred to date under the Company’s restructuring plan and recorded in the consolidated balance sheets , are as follows: Lease Termination Severance Costs Other* Total Balance, March 31, 2017 $ 4,572 $ 2,555 $ 3,953 $ 11,080 Additional charges 149 — 1,518 1,667 Paid in cash (1,076 ) (2,555 ) (4,388 ) (8,019 ) Balance, March 31, 2018 3,645 — 1,083 4,728 Additional charges 295 — — 295 Paid in cash (1,856 ) — (581 ) (2,437 ) Balance, March 31, 2019 2,084 — 502 2,586 Paid in cash (656 ) — (317 ) (973 ) Balance, March 31, 2020 $ 1,428 $ — $ 185 $ 1,613 *Includes costs related to office consolidations and termination of contracts and services.
Schedule of New Accounting Pronouncements and Changes in Accounting Principles	Recently Adopted. Adopted ASUs during the year ended March 31, 2020 and the impact on the Company, were as follows: Standard Description Impact on Adoption ASU No. 2016-02, Leases (as amended by ASUs 2015-14, 2018-01, 2018-10, 2018-11, 2018-20, and 2019-01) Requires a lessee to recognize a lease asset and lease liability in its consolidated balance sheets. A lessee should recognize a right-of-use (ROU) asset representing its right to use the underlying asset for the estimated lease term, and a liability for related lease payments. The Company adopted this ASU (the new lease standard) on a modified retrospective basis beginning April 1, 2019. On adoption, the Company recorded a $230,048 increase to total assets due to the recognition of ROU assets, net of prior legacy US GAAP lease-related balances for deferred rent obligations and tenant allowances of $27,895, as previously recorded in other accrued expenses, deferred rent obligations, and other long-term liabilities, in the consolidated balance sheets. In addition, the Company recorded a corresponding $254,538 increase to total liabilities due to the recognition of lease liabilities, net of a prior legacy US GAAP lease-related balance for prepaid rent of $4,846, as previously recorded in prepaid expenses, in the consolidated balance sheets. ROU assets and lease liabilities include lease obligations for operating leases for retail stores, showrooms, offices, and distribution facilities. ROU assets and related lease liabilities are presented as operating lease assets and operating lease liabilities in the consolidated balance sheets. including its borrowing strategy subject to leverage ratios. However, it did result in additional disclosures and presentation changes to the consolidated statements of cash flows in the current period, including supplemental cash flow disclosure, as well as expanded disclosures on existing and new lease commitments. Standard Description Impact on Adoption ASU No. 2017-12, Derivatives and Hedging: Targeted Improvements to Accounting for Hedging Activities (as amended by ASUs 2018-16 and 2019-04) Seeks to improve the transparency and understandability of information conveyed to financial statement users about an entity's risk management activities and to reduce the complexity of and simplify the application of hedge accounting. This ASU eliminates the requirement to separately measure and report hedge ineffectiveness. The Company adopted this ASU (the new hedging standard) beginning April 1, 2019 on a prospective basis, which did not have a material impact on the consolidated financial statements. However, the Company made a change in accounting policy with respect to ineffective hedges and elected not to exclude hedge components from the periodic assessment of hedge effectiveness. Under legacy US GAAP, these amounts were excluded from hedge effectiveness and therefore excluded as a component of accumulated other comprehensive loss (AOCL), and immediately recorded in SG&A expenses in the consolidated statements of comprehensive income. Under the new hedging standard, these gains or losses will now be recorded as a component of AOCL and will be reclassified to net sales in the consolidated statements of comprehensive income in the same period or periods as the related net sales are recorded. The comparative consolidated financial statements have not been restated and continue to be reported under legacy US GAAP in effect for those prior reporting periods presented. Refer to Note 9, “Derivative Instruments,” for further information on the Company's hedging instruments. Not Yet Adopted. Applicable ASUs issued that have not yet been adopted by the Company, the planned period of adoption, and the expected impact on the Company on adoption, are as follows: Standard Description Planned Period of Adoption Expected Impact on Adoption ASU No. 2017-04, Goodwill and Other: Simplifying the Test for Goodwill Impairment (as amended by ASU 2019-06) Requires annual and interim goodwill impairment tests be performed by comparing the fair value of a reporting unit with its carrying amount, effectively eliminating step two of the goodwill impairment test under legacy US GAAP. The amount by which the carrying amount exceeds the reporting unit’s fair value will continue to be recognized as an impairment charge. Q1 FY 2021 The Company does not expect that the adoption of this ASU will have a material impact on its consolidated financial statements. ASU No. 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments (as amended by ASUs 2018-19, 2019-04, 2019-05, 2019-11, 2020-02, and 2020-03) Replaces the incurred loss impairment methodology in legacy US GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. Q1 FY 2021 The Company does not expect that the adoption of this ASU will have a material impact on its consolidated financial statements. ASU No. 2019-12, Income Taxes - Simplifying the Accounting for Income Taxes Removes certain exceptions for recognizing deferred taxes for investments, performing intra-period allocation and calculating income taxes in interim periods, as well as reduces complexity in certain areas, including recognizing deferred taxes for tax goodwill and allocating taxes to members of a consolidated group. Q1 FY 2022 The Company is currently evaluating the impact of the adoption of this ASU; however, the Company does not expect that the adoption will have a material impact on its consolidated financial statements. Standard Description Planned Period of Adoption Expected Impact on Adoption ASU No. 2020-04, Reference Rate Reform - Facilitation of the Effects of Reference Rate Reform on Financial Reporting London Interbank Offered Rate (LIBOR) is a benchmark interest rate referenced in a variety of agreements that are used by all types of entities. At the end of 2021, banks will no longer be required to report information that is used to determine LIBOR. As a result, LIBOR could be discontinued. Other interest rates used globally could also be discontinued for similar reasons. This ASU provides companies with optional guidance to ease the potential accounting burden associated with transitioning away from reference rates that are expected to be discontinued. Guidance is limited for adoption through December 31, 2022. Q4 FY 2021 The Company is currently evaluating the impact of the adoption of this ASU on its consolidated financial statements.
Schedule of property and equipment	Property and equipment, net, are summarized as follows: As of March 31, Useful life (years) 2020 2019 Land Indefinite $ 32,864 $ 32,864 Building 39.5 35,093 35,094 Machinery and equipment 1-10 145,423 150,921 Furniture and fixtures 3-7 35,024 37,157 Computer software 3-10 80,718 76,495 Leasehold improvements 1-11 104,497 108,717 Construction in progress 17,556 8,487 Gross property and equipment 451,175 449,735 Less accumulated depreciation and amortization (242,138 ) (235,939 ) Property and equipment, net $ 209,037 $ 213,796

Revenue Recognition (Tables)

Revenue Recognition (Tables)	12 Months Ended
	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Contract with Customer, Asset and Liability	Activity during the years ended March 31, 2020 and 2019 related to estimated sales returns for the Company’s existing customer contracts for all channels, were as follows: Contract Asset Contract Liability Balance, March 31, 2018 $ 11,251 $ (23,156 ) Net additions to sales return liability* 36,223 (120,102 ) Actual returns (37,033 ) 118,471 Balance, March 31, 2019 10,441 (24,787 ) Net additions to sales return liability* 36,028 (117,969 ) Actual returns (36,806 ) 117,089 Balance, March 31, 2020 $ 9,663 $ (25,667 ) * Net additions to sales return liability include a provision for anticipated sales returns which consists of both contractual return rights and discretionary authorized returns.

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill and other intangible assets	The Company’s goodwill and other intangible assets are recorded in the consolidated balance sheets , as follows: As of March 31, 2020 2019 Goodwill UGG brand $ 6,101 $ 6,101 HOKA brand 7,889 7,889 Total goodwill 13,990 13,990 Other intangible assets Indefinite-lived intangible assets Trademarks 15,454 15,454 Definite-lived intangible assets Trademarks 55,245 55,245 Other 51,738 51,981 Total gross carrying amount 106,983 107,226 Accumulated amortization (74,421 ) (71,186 ) Net definite-lived intangible assets 32,562 36,040 Total other intangible assets, net 48,016 51,494 Total $ 62,006 $ 65,484
Schedule of finite-lived intangible assets	A reconciliation of the changes in total other intangible assets in the consolidated balance sheets , are as follows: Amounts Balance, March 31, 2018 $ 57,850 Amortization expense (6,235 ) Foreign currency translation net loss (121 ) Balance, March 31, 2019 51,494 Amortization expense (3,470 ) Foreign currency translation net loss (8 ) Balance, March 31, 2020 $ 48,016 Expected amortization expense for amortizable intangible assets subsequent to March 31, 2020 is as follows: Years Ending March 31, Amounts 2021 $ 2,527 2022 2,513 2023 2,450 2024 2,430 2025 2,276 Thereafter 20,366 Total $ 32,562

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	Assets and liabilities that are measured on a recurring basis at fair value in the consolidated balance sheets , are as follows: As of Measured Using March 31, 2020 Level 1 Level 2 Level 3 Non-qualified deferred compensation asset $ 6,164 $ 6,164 $ — $ — Non-qualified deferred compensation liability (3,756 ) (3,756 ) — — As of Measured Using March 31, 2019 Level 1 Level 2 Level 3 Non-qualified deferred compensation asset $ 7,300 $ 7,300 $ — $ — Non-qualified deferred compensation liability (4,447 ) (4,447 ) — —

Income Taxes - (Tables)

Income Taxes - (Tables)	12 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	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, 2020 2019 2018 Domestic* $ 206,111 $ 181,730 $ 71,482 Foreign 134,755 147,204 149,214 Total $ 340,866 $ 328,934 $ 220,696 *Domestic income before income taxes for the years ended March 31, 2020 , 2019 , and 2018 is presented net of intercompany dividends of $150,000 , $130,000 , and $250,000 , respectively. Income Tax Expense . Components of income tax expense (benefit) recorded in the consolidated statements of comprehensive income , were as follows: Years Ended March 31, 2020 2019 2018 Current Federal $ 47,087 $ 33,334 $ 80,339 State 635 9,084 3,437 Foreign 14,068 15,269 14,388 Total 61,790 57,687 98,164 Deferred Federal 4,626 6,612 12,007 State (462 ) 2,236 391 Foreign (1,230 ) (1,909 ) (4,260 ) Total 2,934 6,939 8,138 Total $ 64,724 $ 64,626 $ 106,302
Schedule of Effective Income Tax Rate 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, 2020 2019 2018 Computed expected income taxes $ 71,582 $ 69,076 $ 69,556 State income taxes, net of federal income tax benefit* 11,042 9,329 9,044 Foreign rate differential (17,966 ) (20,105 ) (37,090 ) Unrecognized tax benefits 6,695 786 1,301 Return to provision adjustments (1,682 ) (179 ) (2,252 ) Nontaxable income (4,584 ) (4,257 ) (7,006 ) Nondeductible expense 4,162 7,742 1,382 US tax on foreign earnings** 2,343 5,848 57,138 Re-measurement of deferred taxes*** — (983 ) 14,395 Tax audit settlements (3,956 ) — — Statutory foreign income tax (benefit) expense (906 ) 276 59 Other (2,006 ) (2,907 ) (225 ) Total $ 64,724 $ 64,626 $ 106,302 *During the year ended March 31, 2018, the Company recorded $1,976 of state income taxes associated with one-time mandatory deemed repatriation of foreign earnings due to the Tax Cuts and Jobs Act (Tax Reform Act) in December 2017. **The amount for the year ended March 31, 2018 is the one-time mandatory deemed repatriation tax on accumulated foreign earnings due pursuant to the Tax Reform Act. The amounts for the years ended March 31, 2020 and 2019 are global intangible low-taxed income (commonly referred to as GILTI) under the territorial tax system pursuant to the Tax Reform Act. ***The total non-cash re-measurement of deferred tax assets and liabilities for the year ended March 31, 2018 was driven by the US federal tax rate reduction from 35.0% to 21.0%
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, 2020 2019 Deferred tax assets Amortization and impairment of intangible assets $ 11,471 $ 13,615 Nonvested stock-based compensation 5,194 3,645 Deferred rent obligations* — 4,899 Operating lease liability* 45,600 — Uniform capitalization adjustment to inventory 4,322 3,965 Bad debt allowance and other reserves 14,243 11,932 Accrued bonuses 6,187 7,350 Foreign currency translation 645 670 Net operating loss carry-forwards, net of valuation allowances 2,071 1,002 Other 1,372 1,445 Gross deferred tax assets 91,105 48,523 Valuation allowances (1,519 ) (195 ) Total 89,586 48,328 Deferred tax liabilities Prepaid expenses (4,252 ) (3,379 ) Operating lease asset* (41,276 ) — Depreciation of property and equipment (15,825 ) (14,079 ) Total (61,353 ) (17,458 ) Deferred tax assets, net $ 28,233 $ 30,870 *Adoption of the new lease standard as of April 1, 2019, as described in Note 1, “General,” under the section “Recent Accounting Pronouncements”, resulted in the recognition of a deferred tax asset for operating lease liabilities and a deferred tax liability for operating lease assets. These temporary differences will reverse over the estimated term of the relevant operating leases. As of March 31, 2019 , the deferred tax assets associated with operating leases were reported as deferred rent obligations under legacy US GAAP.
Summary of Income Tax Contingencies	A reconciliation of the beginning and ending amounts of total gross unrecognized tax benefits, are as follows: Balance, March 31, 2017 $ 11,727 Gross increase related to current fiscal year tax positions 1,168 Gross increase related to prior fiscal year tax positions 1,243 Settlements (4,501 ) Lapse of statute of limitations (43 ) Balance, March 31, 2018 9,594 Gross increase related to current fiscal year tax positions 1,027 Gross increase related to prior fiscal year tax positions 3,282 Settlements (1,157 ) Lapse of statute of limitations (1,804 ) Balance, March 31, 2019 10,942 Gross increase related to current fiscal year tax positions 1,153 Gross increase related to prior fiscal year tax positions 8,152 Settlements (246 ) Lapse of statute of limitations (2,363 ) Balance, March 31, 2020 $ 17,638 Total gross unrecognized tax benefits recorded in the consolidated balance sheets , are as follows: As of March 31, 2020 2019 Long-term asset Deferred tax assets, net $ 486 $ 486 Current liability Income taxes payable — 7 Long-term liability Income tax liability 17,152 10,449 Total $ 17,638 $ 10,942

Leases and Other Commitments -

Leases and Other Commitments - (Tables)	12 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Lease, Cost	Rent Expense . The components of rent expense for operating leases recorded in the consolidated statements of comprehensive income under the new lease standard, were as follows: March 31, 2020 Operating $ 57,966 Variable 26,996 Short-term 3,332 Total $ 88,294 Supplemental Disclosure . Key estimates and judgments related to operating lease assets and liabilities that are outstanding and presented in the consolidated balance sheets , are as follows: March 31, 2020 Weighted-average remaining lease term in years 6.6 Weighted-average discount rate 3.3 % Supplemental information for amounts presented in the consolidated statements of cash flows related to operating leases, were as follows: March 31, 2020 Non-cash operating activities Operating lease assets obtained in exchange for lease liabilities* $ 71,097 Reductions to operating lease assets for reductions to lease liabilities or for operating lease asset impairments* (7,055 ) *Amounts disclosed include non-cash additions or reductions resulting from lease remeasurements.
Lessee, Operating Lease, Disclosure	The components of rent expense for operating leases recorded in the consolidated statements of comprehensive income under legacy US GAAP, were as follows: Years Ended March 31, 2019 2018 Minimum rentals $ 60,859 $ 59,531 Contingent rentals 13,226 15,924 Total $ 74,085 $ 75,455
Lessee, Operating Lease, Liability, Maturity	Maturities of undiscounted operating lease liabilities remaining as of March 31, 2020 under the new lease standard, with a reconciliation to the present value of operating lease liabilities recorded in the consolidated balance sheets , are as follows: Years Ending March 31, Amount 2021 $ 53,212 2022 50,113 2023 43,343 2024 37,964 2025 30,254 Thereafter 81,852 Total undiscounted future lease payments 296,738 Less: Imputed interest (31,923 ) Total $ 264,815
Schedule of Future Minimum Rental Payments for Operating Leases	Future minimum commitments under operating lease contracts as of March 31, 2019 under legacy US GAAP, were as follows: Years Ending March 31, Amount 2020 $ 53,015 2021 47,803 2022 40,629 2023 35,915 2024 31,329 Thereafter 81,746 Total $ 290,437
Recorded Unconditional Purchase Obligations	Total future net minimum commitments for these commodities contracts as of March 31, 2020 were as follows: Contract Effective Date Final Target Date Contract Value Remaining April 2018 September 2020 $ 45,600 $ 33,205 October 2018 September 2020 27,350 26,671 October 2018 September 2021 50,460 50,460 April 2019 September 2020 8,906 5,806 October 2019 September 2020 42,825 39,983 October 2019 June 2021 29,844 29,844 $ 204,985 $ 185,969

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Schedule of Nonvested Stock Units Activity	The Company granted annual awards under the 2015 SIP, as recorded in the consolidated statements of comprehensive income , as summarized below: Years Ended March 31, 2020 2019 2018 Shares Granted Weighted-average grant date fair value per share Shares Granted Weighted-average grant date fair value per share Shares Granted Weighted-average grant date fair value per share Annual RSUs 47,577 $ 171.50 62,743 $ 116.85 133,464 $ 67.70 Annual PSUs 19,938 174.36 31,320 116.34 54,090 68.44 Total 67,515 $ 172.34 94,063 $ 116.68 187,554 $ 67.92 Annual award activity recorded in the consolidated statements of comprehensive income , were as follows: Number of Shares Weighted- Average Grant-Date Fair Value Nonvested, March 31, 2017 226,244 $ 63.96 Granted 187,554 67.92 Vested (101,791 ) (67.63 ) Forfeited (22,710 ) (64.59 ) Nonvested, March 31, 2018 289,297 65.18 Granted 94,063 116.68 Vested (118,903 ) (64.39 ) Forfeited (33,058 ) (77.60 ) Nonvested, March 31, 2019 231,399 84.75 Granted 67,515 172.34 Vested (121,572 ) (76.81 ) Forfeited (14,993 ) (113.49 ) Nonvested, March 31, 2020 162,349 $ 124.47 LTIP award activity recorded in the consolidated statements of comprehensive income , were as follows: Number of Shares Weighted- Average Grant-Date Fair Value Nonvested, March 31, 2017 269,012 $ 50.22 Forfeited (269,012 ) (50.22 ) Nonvested, March 31, 2018 — — Granted* 83,586 120.24 Forfeited (6,488 ) (120.24 ) Nonvested, March 31, 2019 77,098 120.24 Granted* 76,348 146.96 Nonvested, March 31, 2020 153,446 $ 133.53 *The amounts granted are the maximum amounts under the terms of the applicable LTIP PSUs.
Share-based Compensation, Stock Options, Activity	LTIP option activity recorded in the consolidated statements of comprehensive income , were as follows: Number of Shares Weighted- Average Grant-Date Fair Value Weighted- Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Nonvested, March 31, 2017 191,786 $ 61.86 9.0 $ — Granted 205,554 69.29 Nonvested, March 31, 2018 397,340 65.70 7.1 9,666 Forfeited (35,957 ) (69.29 ) Nonvested, March 31, 2019 361,383 65.35 6.2 29,504 Exercised (58,444 ) (61.86 ) Nonvested, March 31, 2020 302,939 $ 66.02 5.0 $ 20,594
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	The Company measured stock-based compensation expense for the 2018 LTIP NQSOs at the date of grant using the Black-Scholes option pricing model, with the following weighted-average valuation assumptions: 2018 LTIP NQSOs Expected life (in years) 4.90 Expected volatility 38.73 % Risk free interest rate 1.78 % Dividend yield — % Weighted-average exercise price $ 69.29 Weighted-average option value $ 25.03
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan	Components of stock-based compensation expense recorded in the consolidated statements of comprehensive income , were as follows: Years Ended March 31, 2020 2019 2018 Annual RSUs $ 6,509 $ 6,588 $ 7,761 Annual PSUs 2,851 2,373 1,829 LTIP PSUs 2,203 885 — Years Ended March 31, 2020 2019 2018 LTIP NQSOs 1,641 3,516 3,432 Grants to Directors 1,045 1,223 1,135 Employee Stock Purchase Plan* 228 189 149 Total stock-based compensation expense, pre-tax 14,477 14,774 14,306 Income tax benefit (3,308 ) (3,546 ) (4,906 ) Total stock-based compensation expense, net of tax $ 11,169 $ 11,228 $ 9,400 *The 2015 Employee Stock Purchase Plan (ESPP) authorizes 1,000,000 shares of the Company’s common stock for sale to eligible employees using their after-tax payroll deductions, which are refundable until purchases are made, and are liability-classified. ESPP shares are excluded from basic earnings per share until purchases are made, while included in diluted earnings per share computations as after-tax payroll deductions are made. Each consecutive purchase period is six months (purchase period) in duration and shares are purchased on the last trading day of the purchase period (no look-back provision) for a fixed amount at a 15% discount to the closing price on that date. Purchase windows take place in February and August of each fiscal year. The net difference between the timing of compensation expense incurred and remeasured during the purchase period and purchase windows are recorded in other accrued expenses in the consolidated balance sheets .
Schedule of Unrecognized Compensation Cost, Nonvested Awards	Total remaining unrecognized stock-based compensation expense as of March 31, 2020 related to non-vested awards that the Company considers probable to vest and the weighted-average period over which the cost is expected to be recognized in future periods, are as follows: Unrecognized Stock-based Compensation Expense Weighted-Average Remaining Vesting Period (Years) Annual RSUs $ 6,913 1.0 Annual PSUs 2,741 0.9 LTIP PSUs 5,999 1.5 Total $ 15,653

Derivative Instruments (Tables)

Derivative Instruments (Tables)	12 Months Ended
	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	As of March 31, 2020 and 2019 , the Company had no outstanding derivative contracts, however, settled derivative contracts with notional values were as follows: Years Ended March 31, 2020 2019 Designated Derivative Contracts $ 65,569 $ 126,332 Non-Designated Derivative Contracts 49,251 38,582 Total $ 114,820 $ 164,914 *Amounts during the year ended March 31, 2019 include $126,332 and $4,803 of notional value for Designated Derivative Contracts and Non-Designated Derivative Contracts, respectively, entered into during the year ended March 31, 2018.
Schedule of location and amount of gains and losses related to derivatives designated as hedging instruments reported in consolidated financial statements	Designated Derivative Contracts activity recorded in the consolidated statements of comprehensive income , were as follows: Years Ended March 31, 2020 2019 2018 Gain (loss) recognized in OCI $ 1,516 $ 8,355 $ (9,593 ) Gain (loss) reclassified from AOCL into net sales 1,516 8,675 (8,541 ) Gain excluded from effectiveness testing recognized in SG&A expenses* — 1,918 1,376 *Amounts for the years ended March 31, 2019 and 2018 were recognized under legacy US GAAP. Beginning April 1, 2019, under the new hedging standard, these amounts are now recorded as a component of AOCL and were classified in net sales during the year ended March 31, 2020 . Amounts of income tax effects recorded in the consolidated statements of comprehensive income for changes in AOCL for unrealized gains or losses for Designated Derivative Contracts, were as follows: Years Ended March 31, 2020 2019 2018 Income tax expense* $ — $ 77 $ 439 *Amounts for the years ended March 31, 2019 and 2018 are inclusive of the income tax effects from the Tax Reform Act reclassified from AOCL to retained earnings in the consolidated balance sheets in connection with the previous adoption of a new accounting standard. The amount for the year ended March 31, 2020 is zero as the Company had settled all its outstanding Designated Derivative Contracts as of March 31, 2020 and 2019.
Schedule of location and amount of gains and losses related to derivatives not designated as hedging instruments reported in consolidated financial statements	Non-Designated Derivative Contracts activity recorded in the consolidated statements of comprehensive income , were as follows: Years Ended March 31, 2020 2019 2018 Gain (loss) recognized in SG&A expenses $ 328 $ 1,393 $ (2,574 )

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Mar. 31, 2020
Stockholders' Equity Note [Abstract]
Schedule of Stock Repurchases	Publicly-announced stock repurchase activity of open-market transactions under the Company’s Stock Repurchase Programs, were as follows: Years Ended March 31, 2020 2019 2018 Total number of shares repurchased* 1,296,201 1,400,699 1,702,653 Average price paid per share $ 146.89 $ 115.22 $ 87.91 Dollar value of shares repurchased $ 190,405 $ 161,395 $ 149,687 *Any stock repurchases are made as part of publicly-announced programs in open-market transactions.
Components of accumulated other comprehensive income	The components within AOCL, net of tax, recorded in the consolidated balance sheets , were as follows: As of March 31, 2020 2019 Cumulative foreign currency translation loss $ (25,559 ) $ (22,654 ) Total $ (25,559 ) $ (22,654 )

Basic and Diluted Shares (Table

Basic and Diluted Shares (Tables)	12 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Schedule of Weighted Average Number of Shares	The reconciliation of basic to diluted weighted-average common shares outstanding, are as follows: Years Ended March 31, 2020 2019 2018 Basic 28,385,000 29,641,000 31,758,000 Dilutive effect of equity awards 309,000 262,000 238,000 Diluted 28,694,000 29,903,000 31,996,000 Excluded* Annual RSUs and Annual PSUs 3,000 3,000 200 LTIP PSUs 153,000 77,000 — LTIP NQSOs — 170,000 397,000 Deferred Non-Employee Director Equity Awards — 2,000 1,000 *The equity awards excluded from the dilutive effect are generally excluded due to one of the following: (1) the shares were anti-dilutive; (2) the necessary conditions had not been satisfied for the shares to be issuable based on the Company's performance for the relevant performance period; or (3) the Company recorded a net loss during the period presented. The number of shares stated for each of these excluded awards is the maximum number of shares issuable pursuant to these awards. For those awards with performance criteria, the actual number of shares to be issued pursuant to such awards will be based on Company performance in future periods, net of forfeitures. Refer to Note 8, “Stock-Based Compensation,” for further information on the Company's equity incentive plans.

Reportable Operating Segments (

Reportable Operating Segments (Tables)	12 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Schedule of business segments information	Reportable operating segment information, with a reconciliation to the consolidated statements of comprehensive income , were as follows: Years Ended March 31, 2020 2019 2018 Net sales UGG brand wholesale $ 892,990 $ 888,347 $ 841,893 HOKA brand wholesale 277,097 185,057 132,688 Teva brand wholesale 119,108 119,390 117,478 Sanuk brand wholesale 39,463 69,791 78,283 Other brands wholesale 67,175 42,818 17,273 Direct-to-Consumer 736,856 715,034 715,724 Total $ 2,132,689 $ 2,020,437 $ 1,903,339 Income (loss) from operations UGG brand wholesale $ 303,908 $ 300,761 $ 247,826 HOKA brand wholesale 61,860 35,717 20,954 Teva brand wholesale 30,736 27,939 20,400 Sanuk brand wholesale 3,212 12,781 14,474 Other brands wholesale 16,087 10,411 1,304 Direct-to-Consumer 182,548 185,449 156,896 Unallocated overhead costs (260,216 ) (245,738 ) (239,270 ) Total $ 338,135 $ 327,320 $ 222,584 Years Ended March 31, 2020 2019 2018 Depreciation, amortization, and accretion UGG brand wholesale $ 611 $ 1,254 $ 3,193 HOKA brand wholesale 612 456 485 Teva brand wholesale 1 10 12 Sanuk brand wholesale 2,361 4,171 4,174 Other brands wholesale 382 382 380 Direct-to-Consumer 10,586 12,195 13,396 Unallocated overhead costs 24,359 26,473 26,932 Total $ 38,912 $ 44,941 $ 48,572 Capital expenditures UGG brand wholesale $ 404 $ 205 $ 58 HOKA brand wholesale 434 285 — Teva brand wholesale — — — Sanuk brand wholesale — — 20 Other brands wholesale 64 11 — Direct-to-Consumer 7,753 5,739 8,641 Unallocated overhead costs 23,800 22,846 26,094 Total $ 32,455 $ 29,086 $ 34,813 Assets allocated to each reportable operating segment, with a reconciliation to the consolidated balance sheets , are as follows: As of March 31, 2020 2019 Assets UGG brand wholesale $ 245,239 $ 240,411 HOKA brand wholesale 124,958 94,157 Teva brand wholesale 90,305 76,370 Sanuk brand wholesale 50,314 71,285 Other brands wholesale 21,535 14,618 Direct-to-Consumer 243,489 95,501 Total assets from reportable operating segments 775,840 592,342 Unallocated cash and cash equivalents 649,436 589,692 Unallocated deferred tax assets, net 28,233 30,870 Unallocated other corporate assets 311,609 214,302 Total $ 1,765,118 $ 1,427,206

Concentration of Business (Tabl

Concentration of Business (Tables)	12 Months Ended
	Mar. 31, 2020
Risks and Uncertainties [Abstract]
Schedules of Revenue Concentration of Risk	The Company sells its products to customers throughout the US and to foreign customers in various countries, with concentrations that were as follows: Years Ended March 31, 2020 2019 2018 International net sales $ 730,997 $ 742,079 $ 729,278 % of net sales 34.3 % 36.7 % 38.3 % Net sales in foreign currencies $ 587,233 $ 605,725 $ 617,867 % of net sales 27.5 % 30.0 % 32.5 % Ten largest customers as % of net sales 23.7 % 27.7 % 28.2 %
Schedule of long-lived assets, which consist of property and equipment, by major country	Long-lived assets, which consist of property and equipment, net, recorded in the consolidated balance sheets , are as follows: As of March 31, 2020 2019 US $ 194,679 $ 196,702 Foreign* 14,358 17,094 Total $ 209,037 $ 213,796 * No single foreign country’s property and equipment, net, represented 10.0% or more of the Company’s total property and equipment, net, as of March 31, 2020 and March 31, 2019 .

Quarterly Summary of Informat_2

Quarterly Summary of Information (Tables)	12 Months Ended
	Mar. 31, 2020
Quarterly Financial Information Disclosure [Abstract]
Summary of unaudited quarterly financial data	Summarized unaudited quarterly financial data, were as follows: Fiscal Year 2020 Quarter Ended 6/30/2019 9/30/2019 12/31/2019 3/31/2020 Net sales $ 276,839 $ 542,205 $ 938,735 $ 374,910 Gross profit 130,019 273,024 507,632 192,998 (Loss) income from operations (31,417 ) 97,131 255,766 16,655 Net (loss) income (19,351 ) 77,810 201,593 16,090 Net (loss) income per share Basic $ (0.67 ) $ 2.73 $ 7.21 $ 0.57 Diluted $ (0.67 ) $ 2.71 $ 7.14 $ 0.57 Fiscal Year 2019 Quarter Ended 6/30/2018 9/30/2018 12/31/2018 3/31/2019 Net sales $ 250,594 $ 501,913 $ 873,800 $ 394,130 Gross profit 114,965 251,887 470,093 203,305 (Loss) income from operations (39,414 ) 90,412 244,718 31,604 Net (loss) income (30,407 ) 74,372 196,374 23,969 Net (loss) income per share Basic $ (1.00 ) $ 2.49 $ 6.74 $ 0.82 Diluted $ (1.00 ) $ 2.48 $ 6.68 $ 0.82

General - Narrative (Details)

General - Narrative (Details) $ in Thousands	12 Months Ended
	Mar. 31, 2020USD ($)segment	Mar. 31, 2019USD ($)store	Mar. 31, 2018USD ($)
Restructuring Cost and Reserve [Line Items]
Number of reportable segments | segment	6
Money market funds	$ 436,241	$ 372,178
Asset retirement obligation	11,505	12,667
Asset impairment charges	1,365	180	$ 2,417
Research and development costs	27,555	23,187	22,372
Advertising, marketing, and promotion expense	144,948	118,291	111,658
Prepaid advertising, marketing, and promotion expense	$ 2,664	6,006
Employer matching contribution percentage	50.00%
Employer matching contribution, percent of employees' gross pay	6.00%
Defined contribution plan cost	$ 3,251	$ 3,060	2,269
Facility Closing | Fiscal Year 2016 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Number of stores closed | store		46
Direct-to-Consumer
Restructuring Cost and Reserve [Line Items]
Asset impairment charges	$ 1,365	$ 180	$ 2,417
Minimum
Restructuring Cost and Reserve [Line Items]
Property, plant and equipment useful life (at least)	1 year
Customer payment terms	30 days
Minimum | Cloud Computing Arrangement
Restructuring Cost and Reserve [Line Items]
Hosting arrangement useful life	1 year
Maximum
Restructuring Cost and Reserve [Line Items]
Derivative term of contract	15 months
Customer payment terms	60 days
Maximum | Cloud Computing Arrangement
Restructuring Cost and Reserve [Line Items]
Hosting arrangement useful life	5 years
Camarillo Distribution Center | Building and Building Improvements
Restructuring Cost and Reserve [Line Items]
Liabilities settled, asset retirement obligation	$ (1,828)

General - Schedule of Restruct

General - Schedule of Restructuring by Segment (Details) - USD ($) $ in Thousands	11 Months Ended	12 Months Ended				50 Months Ended
	Mar. 31, 2016	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2020
Restructuring Cost and Reserve [Line Items]
Restructuring charges		$ 0	$ 295	$ 1,667
Fiscal Year 2016 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 24,673		295	1,667	$ 28,984	$ 55,619
Reportable segments | UGG brand wholesale | Fiscal Year 2016 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring charges			0	0		2,238
Reportable segments | Sanuk brand wholesale | Fiscal Year 2016 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring charges			0	0		3,068
Reportable segments | Other brands wholesale | Fiscal Year 2016 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring charges			0	0		2,263
Reportable segments | Direct-to-Consumer | Fiscal Year 2016 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring charges			0	149		23,454
Unallocated overhead costs | Fiscal Year 2016 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring charges			$ 295	$ 1,518		$ 24,596

General - Schedule of Restru_2

General - Schedule of Restructuring Costs (Details) - USD ($) $ in Thousands	11 Months Ended	12 Months Ended				50 Months Ended
	Mar. 31, 2016	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2020
Restructuring Reserve [Roll Forward]
Restructuring charges		$ 0	$ 295	$ 1,667
Fiscal Year 2016 Restructuring Plan
Restructuring Reserve [Roll Forward]
Beginning balance restructuring reserve		2,586	4,728	11,080
Restructuring charges	$ 24,673		295	1,667	$ 28,984	$ 55,619
Paid in cash		(973)	(2,437)	(8,019)
Ending balance restructuring reserve		1,613	2,586	4,728	11,080	1,613
Lease Termination | Fiscal Year 2016 Restructuring Plan
Restructuring Reserve [Roll Forward]
Beginning balance restructuring reserve		2,084	3,645	4,572
Restructuring charges			295	149
Paid in cash		(656)	(1,856)	(1,076)
Ending balance restructuring reserve		1,428	2,084	3,645	4,572	1,428
Severance Costs | Fiscal Year 2016 Restructuring Plan
Restructuring Reserve [Roll Forward]
Beginning balance restructuring reserve		0	0	2,555
Restructuring charges			0	0
Paid in cash		0	0	(2,555)
Ending balance restructuring reserve		0	0	0	2,555	0
Other | Fiscal Year 2016 Restructuring Plan
Restructuring Reserve [Roll Forward]
Beginning balance restructuring reserve		502	1,083	3,953
Restructuring charges			0	1,518
Paid in cash		(317)	(581)	(4,388)
Ending balance restructuring reserve		$ 185	$ 502	$ 1,083	$ 3,953	$ 185

General - New Accounting Pronou

General - New Accounting Pronouncements (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Apr. 01, 2019	Mar. 31, 2019	Apr. 01, 2018	Apr. 01, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease assets	$ 243,522
Deferred rent obligations			$ (21,107)
Total	$ 264,815
Cumulative effect after tax decrease to retained earnings		$ 1,068		$ (468)	$ (1,558)
Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease assets		230,048
Deferred rent obligations		27,895
Total		254,538
Prepaid rent		4,846
Cumulative effect after tax decrease to retained earnings		$ 1,068

General - Property Plant Equi

General - Property Plant Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Property and equipment
Gross property and equipment	$ 451,175	$ 449,735
Accumulated depreciation	(242,138)	(235,939)
Net property and equipment	$ 209,037	213,796
Minimum
Property and equipment
Useful life	1 year
Land
Property and equipment
Gross property and equipment	$ 32,864	32,864
Building
Property and equipment
Useful life	39 years 6 months
Gross property and equipment	$ 35,093	35,094
Machinery and equipment
Property and equipment
Gross property and equipment	$ 145,423	150,921
Machinery and equipment | Minimum
Property and equipment
Useful life	1 year
Machinery and equipment | Maximum
Property and equipment
Useful life	10 years
Furniture and fixtures
Property and equipment
Gross property and equipment	$ 35,024	37,157
Furniture and fixtures | Minimum
Property and equipment
Useful life	3 years
Furniture and fixtures | Maximum
Property and equipment
Useful life	7 years
Computer software
Property and equipment
Gross property and equipment	$ 80,718	76,495
Computer software | Minimum
Property and equipment
Useful life	3 years
Computer software | Maximum
Property and equipment
Useful life	10 years
Leasehold improvements
Property and equipment
Gross property and equipment	$ 104,497	108,717
Leasehold improvements | Minimum
Property and equipment
Useful life	1 year
Leasehold improvements | Maximum
Property and equipment
Useful life	11 years
Construction in progress
Property and equipment
Gross property and equipment	$ 17,556	$ 8,487

Revenue Recognition - Narrativ

Revenue Recognition - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Contract length	Contract assets represent the Company’s right to consideration subject to conditions other than the passage of time, such as additional performance obligations to be satisfied. Contract liabilities are performance obligations that the Company expects to satisfy or relieve within the next 12 months, advance consideration obtained prior to satisfying a performance obligation, or unconditional obligations to provide goods or services under non-cancelable contracts before the transfer of goods or services to the customer has occurred
Sales and allowances period	30 days
Contract liability	$ 25,667	$ 24,787	$ 23,156
Loyalty Programs
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Contract liability	$ 6,950	$ 5,171

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Contract Assets and Contract Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Contract Asset
Beginning Balance	$ 10,441	$ 11,251
Net additions to sales return liability	36,028	36,223
Actual returns	(36,806)	(37,033)
Ending Balance	9,663	10,441
Contract Liability
Beginning Balance	(24,787)	(23,156)
Net additions to sales return liability	(117,969)	(120,102)
Actual returns	117,089	118,471
Ending Balance	$ (25,667)	$ (24,787)

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Indefinite-lived intangible assets
Goodwill	$ 13,990	$ 13,990
Trademarks	15,454	15,454
Definite-lived intangible assets
Total gross carrying amount	106,983	107,226
Accumulated amortization	(74,421)	(71,186)
Net definite-lived intangible assets	32,562	36,040
Total other intangible assets, net	48,016	51,494	$ 57,850
Total	62,006	65,484
UGG brand wholesale
Indefinite-lived intangible assets
Goodwill	6,101	6,101
HOKA brand wholesale
Indefinite-lived intangible assets
Goodwill	7,889	7,889
Trademarks
Definite-lived intangible assets
Total gross carrying amount	55,245	55,245
Other Intangible Assets
Definite-lived intangible assets
Total gross carrying amount	$ 51,738	$ 51,981

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets Narrative (Details) - USD ($)	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Finite-lived intangible asset useful life	16 years	16 years
Goodwill, gross	$ 143,765,000	$ 143,765,000
Goodwill accumulated impairment	129,775,000	129,775,000
Impairment of goodwill and indefinite lived intangible assets	0	0	$ 0
Impairment of finite lived intangible assets	$ 0	$ 0	$ 0

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets Schedule of Changes in Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Finite-lived Intangible Assets [Roll Forward]
Intangible assets, net, beginning balance	$ 51,494	$ 57,850
Amortization expense	(3,470)	(6,235)
Foreign currency translation net loss	(8)	(121)
Intangible assets, net, ending balance	$ 48,016	$ 51,494

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets Schedule of Future Amortization (Details) $ in Thousands	Mar. 31, 2020USD ($)
Expected amortization expense on existing intangible assets
2021	$ 2,527
2022	2,513
2023	2,450
2024	2,430
2025	2,276
Thereafter	20,366
Total	$ 32,562

Fair Value Measurements Schedul

Fair Value Measurements Schedule of Fair Value Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-qualified deferred compensation asset	$ 6,164	$ 7,300
Non-qualified deferred compensation liability	(3,756)	(4,447)
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-qualified deferred compensation asset	6,164	7,300
Non-qualified deferred compensation liability	$ (3,756)	$ (4,447)

Fair Value Measurements Narrati

Fair Value Measurements Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-qualified deferred compensation asset	$ 6,164	$ 7,300
Non-qualified deferred compensation liability	3,756	$ 4,447
Other Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-qualified deferred compensation asset	6,164
Other Accrued Liabilities, Current | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accrued deferred compensation liability	743
Other Long Term Liabilities | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other long term liabilities	$ 3,013

Income Taxes - Income Tax Expe

Income Taxes - Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Income (Loss) Before Income Taxes [Abstract]
Domestic	$ 206,111	$ 181,730	$ 71,482
Foreign	134,755	147,204	149,214
Income before income taxes	340,866	328,934	220,696
Intercompany dividends	150,000	130,000	250,000
Current
Federal	47,087	33,334	80,339
State	635	9,084	3,437
Foreign	14,068	15,269	14,388
Total	61,790	57,687	98,164
Deferred
Federal	4,626	6,612	12,007
State	(462)	2,236	391
Foreign	(1,230)	(1,909)	(4,260)
Total	2,934	6,939	8,138
Total	64,724	64,626	106,302
Actual income taxes differed from that obtained by applying the statutory federal income tax rate to income before income taxes
Computed expected income taxes	71,582	69,076	69,556
State income taxes, net of federal income tax benefit	11,042	9,329	9,044
Foreign rate differential	(17,966)	(20,105)	(37,090)
Unrecognized tax benefits	6,695	786	1,301
Return to provision adjustments	(1,682)	(179)	(2,252)
Nontaxable income	(4,584)	(4,257)	(7,006)
Nondeductible expense	4,162	7,742	1,382
US tax on deemed repatriated foreign earnings	2,343	5,848	57,138
Re-measurement of deferred taxes	0	(983)	14,395
Tax audit settlements	(3,956)	0	0
Statutory foreign income tax expense (benefit)	(906)	276	59
Other	(2,006)	(2,907)	(225)
Total	$ 64,724	64,626	106,302
Income Tax Contingency [Line Items]
Provisional transition tax			59,114
Transition tax		$ 57,895
State Tax Authority
Income Tax Contingency [Line Items]
Provisional transition tax			$ 1,976

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 31, 2019
Deferred tax assets
Amortization and impairment of intangible assets	$ 11,471	$ 13,615
Nonvested stock-based compensation	5,194	3,645
Deferred rent obligations	0	4,899
Operating lease liability	45,600
Uniform capitalization adjustment to inventory	4,322	3,965
Bad debt allowance and other reserves	14,243	11,932
Accrued bonuses	6,187	7,350
Foreign currency translation	645	670
Net operating loss carry-forwards, net of valuation allowances	2,071	1,002
Other	1,372	1,445
Gross deferred tax assets	91,105	48,523
Valuation allowances	(1,519)	(195)
Total	89,586	48,328
Deferred tax liabilities
Prepaid expenses	(4,252)	(3,379)
Operating lease asset	(41,276)
Depreciation of property and equipment	(15,825)	(14,079)
Total	(61,353)	(17,458)
Deferred tax assets, net	$ 28,233	$ 30,870

Income Taxes - Narrative (Deta

Income Taxes - Narrative (Details) - USD ($)	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Income Tax Contingency [Line Items]
Intercompany dividends	$ 150,000,000	$ 130,000,000	$ 250,000,000
Expected future taxable income to realize deferred tax assets	104,483,000
Deferred tax assets OCL period increase (decrease)	297,000
Deferred tax assets valuation allowance	1,519,000	195,000
Tax credit carryforwards	410,000	36,000
Adjusted transition tax			57,895,000
US tax on deemed repatriated foreign earnings		6,348,000
Undistributed earnings of foreign subsidiaries	363,140,000
Non US subsidiary cash and cash equivalents	177,229,000
Undistributed earnings from foreign subsidiaries not subject to transition tax	8,620,000
Withholding tax	0
Income tax penalties and interest accrued	3,631,000	2,456,000
Income tax penalties and interest expense	1,176,000	(110,000)	369,000
Decrease in unrecognized tax benefit expected to settle in next twelve months	788,000
Unrecognized tax benefits	17,638,000	$ 10,942,000	$ 9,594,000	$ 11,727,000
Income Tax Expense (Benefit)
Income Tax Contingency [Line Items]
Decrease in unrecognized tax benefit expected to settle in next twelve months	563,000
Interest Expense
Income Tax Contingency [Line Items]
Decrease in unrecognized tax benefit expected to settle in next twelve months	$ 937,000

Income Taxes - Balance Sheet Lo

Income Taxes - Balance Sheet Location of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Income Tax Contingency [Line Items]
Unrecognized tax benefits	$ 17,638	$ 10,942	$ 9,594	$ 11,727
Deferred tax assets, net
Income Tax Contingency [Line Items]
Unrecognized tax benefits	486	486
Income taxes payable
Income Tax Contingency [Line Items]
Unrecognized tax benefits	0	7
Income tax liability
Income Tax Contingency [Line Items]
Unrecognized tax benefits	$ 17,152	$ 10,449

Income Taxes - Unrecognized Tax

Income Taxes - Unrecognized Tax Benefit (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Unrecognized Tax Benefits [Roll Forward]
Balance at the beginning of the period	$ 10,942	$ 9,594	$ 11,727
Gross increase related to current fiscal year tax positions	1,153	1,027	1,168
Gross increase related to prior fiscal year tax positions	8,152	3,282	1,243
Settlements	(246)	(1,157)	(4,501)
Lapse of statute of limitations	(2,363)	(1,804)	(43)
Balance at the end of the period	$ 17,638	$ 10,942	$ 9,594

Revolving Credit Facilities a_2

Revolving Credit Facilities and Mortgage Payable - Primary Credit Facility (Details) - Primary Credit Facility - Line of Credit - USD ($)	1 Months Ended	3 Months Ended	12 Months Ended
	Sep. 30, 2018	Mar. 31, 2020	Mar. 31, 2020
Notes Payable and Long-Term Debt
Maximum borrowing capacity	$ 600,000,000
Additional borrowing capacity	$ 200,000,000
LIBOR based interest rates
Notes Payable and Long-Term Debt
Interest rate, effective percentage		2.12%	2.12%
Alternate Base Rate based interest rates
Notes Payable and Long-Term Debt
Interest rate, effective percentage		3.38%	3.38%
Revolving Credit Facility
Notes Payable and Long-Term Debt
Debt instrument term	5 years
Maximum borrowing capacity	$ 400,000,000
Repayments of lines of credit			$ 50,000,000
Proceeds from lines of credit			50,000,000
Long-term line of credit		$ 0	0
Outstanding letters of credit		549,000	549,000
Amount available under the credit agreement		$ 399,451,000	$ 399,451,000
Minimum | Revolving Credit Facility
Notes Payable and Long-Term Debt
Fee on unused amount of revolving credit facility (as a percentage)		0.125%
Minimum | Revolving Credit Facility | LIBOR based interest rates
Notes Payable and Long-Term Debt
Spread on variable interest rate (as a percent)	1.125%
Minimum | Revolving Credit Facility | Alternate Base Rate based interest rates
Notes Payable and Long-Term Debt
Spread on variable interest rate (as a percent)	0.125%
Maximum
Notes Payable and Long-Term Debt
Capacity available for letters of credit	$ 25,000,000
Sublimit available for borrowings in foreign currency	$ 175,000,000
Maximum | Revolving Credit Facility
Notes Payable and Long-Term Debt
Fee on unused amount of revolving credit facility (as a percentage)		0.20%
Maximum | Revolving Credit Facility | LIBOR based interest rates
Notes Payable and Long-Term Debt
Spread on variable interest rate (as a percent)	1.625%
Maximum | Revolving Credit Facility | Alternate Base Rate based interest rates
Notes Payable and Long-Term Debt
Spread on variable interest rate (as a percent)	0.625%
Prepaid Expenses and Other Current Assets | Revolving Credit Facility
Notes Payable and Long-Term Debt
Deferred financing costs	$ 1,297,000

Revolving Credit Facilities a_3

Revolving Credit Facilities and Mortgage Payable - China Line of Credit (Details)	1 Months Ended	12 Months Ended
	Aug. 31, 2013USD ($)	Mar. 31, 2020USD ($)	Aug. 31, 2013CNY (¥)
China Credit Agreement
Debt Instrument [Line Items]
Guarantor obligation	108.50%
Line of Credit | Revolving Credit Facility | Second Amended China Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 42,304,000		¥ 300,000,000
Interest rate, effective percentage		4.46%
Proceeds from lines of credit		$ 18,985,000
Repayments of lines of credit		18,985,000
Long-term line of credit		0
Current carrying value of guarantor obligations		28,000
Amount available under the credit agreement		$ 42,276,000
Line of Credit | Revolving Credit Facility | Second Amended China Credit Facility, Overdraft Sublimit
Debt Instrument [Line Items]
Line of credit facility overdraft facility sublimit	$ 14,101,000		¥ 100,000,000
Maximum | Second Amended China Credit Facility
Debt Instrument [Line Items]
Debt instrument term	12 months

Revolving Credit Facilities a_4

Revolving Credit Facilities and Mortgage Payable - Japan Line of Credit (Details) - Japan Credit Facility	1 Months Ended	12 Months Ended
	Mar. 31, 2016USD ($)	Mar. 31, 2020USD ($)	Mar. 31, 2016JPY (¥)
Notes Payable and Long-Term Debt
Maximum borrowing capacity	$ 27,746,000		¥ 3,000,000,000
Maximum
Notes Payable and Long-Term Debt
Debt instrument term	6 months
Tokyo Interbank Offered Rate (TIBOR)
Notes Payable and Long-Term Debt
Spread on variable interest rate (as a percent)	0.40%
Interest rate, effective percentage		0.48%
Revolving Credit Facility | Line of Credit
Notes Payable and Long-Term Debt
Proceeds from lines of credit		$ 0
Repayments of lines of credit		0
Amount available under the credit agreement		27,746,000
Long-term line of credit		$ 0

Revolving Credit Facilities a_5

Revolving Credit Facilities and Mortgage Payable - Mortgage (Details) - USD ($)	1 Months Ended	12 Months Ended
	Jul. 31, 2014	Mar. 31, 2020	Mar. 31, 2019
Debt Instrument [Line Items]
Short-term borrowings		$ 638,000	$ 603,000
Mortgage payable		30,263,000	$ 30,901,000
Mortgages
Debt Instrument [Line Items]
Debt instrument face amount	$ 33,931,000
Long-term debt gross		30,901,000
Short-term borrowings		638,000
Mortgage payable		$ 30,263,000
Fixed interest rate	4.928%
Debt amortization period	30 years
Balloon payment to be paid	$ 23,695,000
Term for minimum payments		5 years
Annual principal payment		$ 3,530,000

Revolving Credit Facilities a_6

Revolving Credit Facilities and Mortgage Payable - Debt Covenants (Details)	1 Months Ended	12 Months Ended
	Sep. 30, 2018	Mar. 31, 2020
Primary Credit Facility | JP Morgan
Debt Instrument [Line Items]
Leverage ratio maximum	3.75
Interest coverage ratio minimum	2.25
Adjusted leverage ratio to avoid limits on share repurchases	3.50
Japan Credit Facility
Debt Instrument [Line Items]
Interest coverage ratio minimum	1
Period of not having losses		2 years

Leases and Other Commitments _2

Leases and Other Commitments - Leases Narrative (Details)	Mar. 31, 2020
Minimum
Lessee, Lease, Description [Line Items]
Operating lease renewal term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Operating lease renewal term	15 years

Leases and Other Commitments _3

Leases and Other Commitments - Schedule of Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Lease, Cost [Abstract]
Operating	$ 57,966
Variable	26,996
Short-term	3,332
Total	$ 88,294
Operating Lease Cost Under Legacy GAAP
Minimum rentals		$ 60,859	$ 59,531
Contingent rentals		13,226	15,924
Total		$ 74,085	$ 75,455

Leases and Other Commitments _4

Leases and Other Commitments - Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 31, 2019
Future Operating Lease Payments Due [Abstract]
2021	$ 53,212
2022	50,113
2023	43,343
2024	37,964
2025	30,254
Thereafter	81,852
Total undiscounted future lease payments	296,738
Less: Imputed interest	(31,923)
Total	$ 264,815
Future Minimum Payments Due, Fiscal Year Maturity Under Legacy GAAP
2020		$ 53,015
2021		47,803
2022		40,629
2023		35,915
2024		31,329
Thereafter		81,746
Total		$ 290,437

Leases and Other Commitments _5

Leases and Other Commitments - Schedule of Supplemental Lease Information (Details) $ in Thousands	12 Months Ended
	Mar. 31, 2020USD ($)
Commitments and Contingencies Disclosure [Abstract]
Weighted-average remaining lease term in years	6 years 7 months 6 days
Weighted-average discount rate	3.30%
Operating lease assets obtained in exchange for lease liabilities	$ 71,097
Reductions to operating lease assets for reductions to lease liabilities or for operating lease asset impairments	$ (7,055)

Leases and Other Commitments _6

Leases and Other Commitments - Purchase Commitments (Details)	12 Months Ended
	Mar. 31, 2020USD ($)
Future commitments
Outstanding purchase orders	$ 361,881,000
Remaining commitment	185,969,000
Contract Value	$ 204,985,000
Minimum
Future commitments
Advance purchase period	2 years
Maximum
Future commitments
Advance purchase period	9 months
Sheepskin
Future commitments
Long-term purchase commitment period	2 years
Advance deposit	$ 8,322,000
Purchase Commitment One
Future commitments
Remaining commitment	33,205,000
Contract Value	45,600,000
Purchase Commitment Two
Future commitments
Remaining commitment	26,671,000
Contract Value	27,350,000
Purchase Commitment Three
Future commitments
Remaining commitment	50,460,000
Contract Value	50,460,000
Purchase Commitment Four
Future commitments
Remaining commitment	5,806,000
Contract Value	8,906,000
Purchase Commitment Five
Future commitments
Remaining commitment	39,983,000
Contract Value	42,825,000
Purchase Commitment Six
Future commitments
Remaining commitment	29,844,000
Contract Value	29,844,000
Other Purchase Commitment
Future commitments
Long-term purchase commitment	$ 46,059,000

Leases and Other Commitments _7

Leases and Other Commitments - Additional Information (Details)	12 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Maximum indemnity period of claims related to intellectual property	5 years

Stock-Based Compensation - Ince

Stock-Based Compensation - Incentive Plans (Details) - Stock Incentive Plan 2015	Mar. 31, 2020shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	1,275,000
Maximum number of shares that may be issued through exercise of stock options (in shares)	750,000

Stock-Based Compensation - Annu

Stock-Based Compensation - Annual Awards (Details) - Stock Incentive Plan 2015 - $ / shares	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Annual RSUs and Annual PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	67,515	94,063	187,554
Granted (in dollars per share)	$ 172.34	$ 116.68	$ 67.92
Annual RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)	3 years
Granted (in shares)	47,577	62,743	133,464
Granted (in dollars per share)	$ 171.50	$ 116.85	$ 67.70
Annual PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)	3 years
Granted (in shares)	19,938	31,320	54,090
Granted (in dollars per share)	$ 174.36	$ 116.34	$ 68.44

Stock-Based Compensation - An_2

Stock-Based Compensation - Annual RSUs and Annual PSUs (Details) - Annual RSUs and Annual PSUs - Stock Incentive Plan 2015 - $ / shares	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Number of Shares
Nonvested at the beginning of the period (in shares)	231,399	289,297	226,244
Granted (in shares)	67,515	94,063	187,554
Vested (in shares)	(121,572)	(118,903)	(101,791)
Forfeited (in shares)	(14,993)	(33,058)	(22,710)
Nonvested at the end of the period (in shares)	162,349	231,399	289,297
Weighted- Average Grant-Date Fair Value
Outstanding at the beginning of the period (in dollars per share)	$ 84.75	$ 65.18	$ 63.96
Granted (in dollars per share)	172.34	116.68	67.92
Vested (in dollars per share)	(76.81)	(64.39)	(67.63)
Forfeited (in dollars per share)	(113.49)	(77.60)	(64.59)
Outstanding at the end of the period (in dollars per share)	$ 124.47	$ 84.75	$ 65.18

Stock-Based Compensation - Long

Stock-Based Compensation - Long-Term Incentive Plan Awards (Details) - LTIP PSUs - 2015 SIP - $ / shares	1 Months Ended			3 Months Ended	11 Months Ended	12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Nov. 30, 2015	Mar. 31, 2019	Mar. 31, 2016	Mar. 31, 2020
2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)	3 years
Award requisite service period	36 months
Granted (in shares)						38,174
Granted (in dollars per share)						$ 146.96
2020 | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights percentage	200.00%
2020 | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Financial performance achievement percentage	90.00%
2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)		3 years
Award requisite service period		36 months
Granted (in shares)				41,793
Granted (in dollars per share)				$ 120.24
2019 | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights percentage		200.00%
2019 | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Financial performance achievement percentage		90.00%
2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)			3 years
Award requisite service period			36 months
Granted (in dollars per share)					$ 50.05
2016 | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights percentage			200.00%
Granted (in shares)					308,000
2016 | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Financial performance achievement percentage			90.00%

Stock-Based Compensation - LTIP

Stock-Based Compensation - LTIP PSUs (Details) - LTIP PSUs - Stock Incentive Plan 2015 - $ / shares	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Number of Shares
Nonvested at the beginning of the period (in shares)	77,098	0	269,012
Granted (in shares)	76,348	83,586
Forfeited (in shares)		(6,488)	(269,012)
Nonvested at the end of the period (in shares)	153,446	77,098	0
Weighted- Average Grant-Date Fair Value
Nonvested at the beginning of the period (in dollars per share)	$ 120.24	$ 0	$ 50.22
Granted (in dollars per share)	146.96	120.24
Forfeited (in dollars per share)		(120.24)	(50.22)
Nonvested at the end of the period (in dollars per share)	$ 133.53	$ 120.24	$ 0

Stock-Based Compensation - Lo_2

Stock-Based Compensation - Long-Term Incentive Plan Options (Details) - LTIP NQSOs - Stock Incentive Plan 2015 - shares	1 Months Ended	12 Months Ended
	Jun. 30, 2017	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted (in shares)		0	0	205,554
2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)	7 years

Stock-Based Compensation - LT_2

Stock-Based Compensation - LTIP NQSOs (Details) - Stock Incentive Plan 2015 - LTIP NQSOs - USD ($) $ / shares in Units, $ in Thousands	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Number of Shares
Number of shares outstanding beginning of period (in shares)					361,383	397,340	191,786
Granted (in shares)					0	0	205,554
Forfeited (in shares)						(35,957)
Exercised (in shares)					(58,444)
Number of shares outstanding end of period (in shares)	302,939	361,383	397,340	191,786	302,939	361,383	397,340
Weighted- Average Grant-Date Fair Value
Outstanding at the beginning of the period (in dollars per share)					$ 65.35	$ 65.70	$ 61.86
Granted (in dollars per share)							69.29
Forfeited (in dollars per share)						(69.29)
Exercised (in dollars per share)					(61.86)
Outstanding at the end of the period (in dollars per share)	$ 66.02	$ 65.35	$ 65.70	$ 61.86	$ 66.02	$ 65.35	$ 65.70
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Weighted- Average Remaining Contractual Term (Years)	5 years	6 years 2 months 12 days	7 years 1 month 6 days	9 years
Aggregate Intrinsic Value	$ 20,594	$ 29,504	$ 9,666	$ 0	$ 20,594	$ 29,504	$ 9,666

Stock-Based Compensation - LT_3

Stock-Based Compensation - LTIP Assumptions (Details) - 2018 - LTIP NQSOs - Long Term Incentive Award	12 Months Ended
	Mar. 31, 2018$ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life (in years)	4 years 10 months 24 days
Expected volatility	38.73%
Risk free interest rate	1.78%
Dividend yield	0.00%
Weighted average exercise price (in usd per share)	$ 69.29
Weighted average option value (in usd per share)	$ 25.03

Stock-Based Compensation - Gran

Stock-Based Compensation - Grants to Directors (Details) - Director - Common Stock $ in Thousands	12 Months Ended
	Mar. 31, 2020USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock issuable to Board of Directors for annual service	$ 125
Board of Directors service award measurement period	10 days

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Stock Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 14,477	$ 14,774	$ 14,306
Total stock-based compensation expense, pre-tax	14,477	14,774	14,306
Income tax benefit recognized	(3,308)	(3,546)	(4,906)
Net stock compensation expense	11,169	11,228	9,400
Annual RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	6,509	6,588	7,761
Annual PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	2,851	2,373	1,829
LTIP PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	2,203	885	0
LTIP NQSOs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	1,641	3,516	3,432
Grants to Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	1,045	1,223	1,135
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee stock purchase plan	$ 228	$ 189	$ 149
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	1,000,000
Award purchase period	6 months
Discount from market price	15.00%

Stock-Based Compensation - Unre

Stock-Based Compensation - Unrecognized Compensation Expense (Details) $ in Thousands	12 Months Ended
	Mar. 31, 2020USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Stock-based Compensation Expense	$ 15,653
Annual RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Stock-based Compensation Expense	$ 6,913
Weighted-Average Remaining Vesting Period (Years)	1 year
Annual PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Stock-based Compensation Expense	$ 2,741
Weighted-Average Remaining Vesting Period (Years)	10 months 24 days
LTIP PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Stock-based Compensation Expense	$ 5,999
Weighted-Average Remaining Vesting Period (Years)	1 year 6 months

Derivative Instruments (Details

Derivative Instruments (Details) - USD ($)	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Summary of the effect of derivative instruments on the consolidated statements of income
Income tax expense	$ 0
Income tax expense		$ 77,000	$ 439,000
Designated Derivative Contracts | Derivatives designated as cash flow hedges
Summary of the effect of derivative instruments on the consolidated statements of income
Gain (loss) recognized in OCI	1,516,000
Gain (loss) recognized in OCI		8,355,000	(9,593,000)
Gain (loss) reclassified from AOCL into net sales	1,516,000
Gain (loss) reclassified from AOCL into net sales		8,675,000	(8,541,000)
Gain excluded from effectiveness testing recognized in SG&A expenses		1,918,000	1,376,000
Non-Designated Derivative Contracts | Foreign Exchange Contract
Summary of the effect of derivative instruments on the consolidated statements of income
Gain (loss) recognized in SG&A expenses	328,000	1,393,000	$ (2,574,000)
Fair Value, Measurements, Recurring | Foreign Exchange Contract
Foreign currency exchange contracts and hedging
Notional value	0	0
Fair Value, Measurements, Recurring | Settled Foreign Exchange Contract
Foreign currency exchange contracts and hedging
Notional value	114,820,000	164,914,000
Fair Value, Measurements, Recurring | Designated Derivative Contracts | Derivatives designated as cash flow hedges | Settled Foreign Exchange Contract
Foreign currency exchange contracts and hedging
Notional value	65,569,000	126,332,000
Fair Value, Measurements, Recurring | Designated Derivative Contracts | Derivatives designated as cash flow hedges | Settled Foreign Exchange Contract Entered In Prior Fiscal Year
Foreign currency exchange contracts and hedging
Notional value		126,332,000
Fair Value, Measurements, Recurring | Non-Designated Derivative Contracts | Settled Foreign Exchange Contract
Foreign currency exchange contracts and hedging
Notional value	$ 49,251,000	38,582,000
Fair Value, Measurements, Recurring | Non-Designated Derivative Contracts | Settled Foreign Exchange Contract Entered In Prior Fiscal Year
Foreign currency exchange contracts and hedging
Notional value		$ 4,803,000

Stockholders' Equity - Repurcha

Stockholders' Equity - Repurchase Programs (Details) - USD ($)	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018	Jan. 31, 2019
Class of Stock [Line Items]
Dollar value of shares that may yet be repurchased	$ 159,807,000
Total number of shares repurchased (in shares)	1,296,201	1,400,699	1,702,653
Average price paid per share (in dollars per share)	$ 146.89	$ 115.22	$ 87.91
Dollar value of shares repurchased	$ 190,405,000	$ 161,395,000	$ 149,687,000
Stock Repurchase Programs
Class of Stock [Line Items]
Authorized amount of shares to repurchase				$ 796,000,000

Stockholders' Equity - Accumul

Stockholders' Equity - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 31, 2019
Stockholders' Equity Note [Abstract]
Cumulative foreign currency translation loss	$ (25,559)	$ (22,654)
Total	$ (25,559)	$ (22,654)

Basic and Diluted Shares (Detai

Basic and Diluted Shares (Details) - shares	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted average number of basic shares outstanding (in shares)	28,385,000	29,641,000	31,758,000
Weighted average number diluted shares outstanding adjustment (in shares)	309,000	262,000	238,000
Weighted average number of diluted shares outstanding (in shares)	28,694,000	29,903,000	31,996,000
Annual RSUs and Annual PSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	3,000	3,000	200
LTIP PSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	153,000	77,000	0
LTIP NQSOs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	0	170,000	397,000
Deferred Non-Employee Director Equity Awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	0	2,000	1,000

Reportable Operating Segments_2

Reportable Operating Segments (Details)	3 Months Ended								12 Months Ended
	Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Sep. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Sep. 30, 2018USD ($)	Jun. 30, 2018USD ($)	Mar. 31, 2020USD ($)segment	Mar. 31, 2019USD ($)	Mar. 31, 2018USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment									6
Net sales	$ 374,910,000	$ 938,735,000	$ 542,205,000	$ 276,839,000	$ 394,130,000	$ 873,800,000	$ 501,913,000	$ 250,594,000	$ 2,132,689,000	$ 2,020,437,000	$ 1,903,339,000
(Loss) income from operations	$ 16,655,000	$ 255,766,000	$ 97,131,000	$ (31,417,000)	$ 31,604,000	$ 244,718,000	$ 90,412,000	$ (39,414,000)	338,135,000	327,320,000	222,584,000
Depreciation, amortization and accretion									38,912,000	44,941,000	48,572,000
Capital expenditures									32,455,000	29,086,000	34,813,000
Segment reconciling items
Segment Reporting Information [Line Items]
Intersegment profit									0
(Loss) income from operations									(260,216,000)	(245,738,000)	(239,270,000)
Depreciation, amortization and accretion									24,359,000	26,473,000	26,932,000
Capital expenditures									23,800,000	22,846,000	26,094,000
Wholesale | UGG brand wholesale
Segment Reporting Information [Line Items]
Net sales									892,990,000	888,347,000	841,893,000
Wholesale | HOKA brand wholesale
Segment Reporting Information [Line Items]
Net sales									277,097,000	185,057,000	132,688,000
Wholesale | Teva brand wholesale
Segment Reporting Information [Line Items]
Net sales									119,108,000	119,390,000	117,478,000
Wholesale | Sanuk brand wholesale
Segment Reporting Information [Line Items]
Net sales									39,463,000	69,791,000	78,283,000
Wholesale | Other brands wholesale
Segment Reporting Information [Line Items]
Net sales									67,175,000	42,818,000	17,273,000
Wholesale | Reportable segments | UGG brand wholesale
Segment Reporting Information [Line Items]
(Loss) income from operations									303,908,000	300,761,000	247,826,000
Depreciation, amortization and accretion									611,000	1,254,000	3,193,000
Capital expenditures									404,000	205,000	58,000
Wholesale | Reportable segments | HOKA brand wholesale
Segment Reporting Information [Line Items]
(Loss) income from operations									61,860,000	35,717,000	20,954,000
Depreciation, amortization and accretion									612,000	456,000	485,000
Capital expenditures									434,000	285,000	0
Wholesale | Reportable segments | Teva brand wholesale
Segment Reporting Information [Line Items]
(Loss) income from operations									30,736,000	27,939,000	20,400,000
Depreciation, amortization and accretion									1,000	10,000	12,000
Capital expenditures									0	0	0
Wholesale | Reportable segments | Sanuk brand wholesale
Segment Reporting Information [Line Items]
(Loss) income from operations									3,212,000	12,781,000	14,474,000
Depreciation, amortization and accretion									2,361,000	4,171,000	4,174,000
Capital expenditures									0	0	20,000
Wholesale | Reportable segments | Other brands wholesale
Segment Reporting Information [Line Items]
(Loss) income from operations									16,087,000	10,411,000	1,304,000
Depreciation, amortization and accretion									382,000	382,000	380,000
Capital expenditures									64,000	11,000	0
Directly to Consumer | Direct-to-Consumer
Segment Reporting Information [Line Items]
Net sales									736,856,000	715,034,000	715,724,000
Directly to Consumer | Reportable segments | Direct-to-Consumer
Segment Reporting Information [Line Items]
(Loss) income from operations									182,548,000	185,449,000	156,896,000
Depreciation, amortization and accretion									10,586,000	12,195,000	13,396,000
Capital expenditures									$ 7,753,000	$ 5,739,000	$ 8,641,000

Reportable Operating Segments -

Reportable Operating Segments - Reconciliation (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 31, 2019
Reconciliations of total assets from reportable segments to the condensed consolidated balance sheets
Unallocated cash and cash equivalents	$ 649,436	$ 589,692
Unallocated deferred tax assets, net	28,233	30,870
Total assets	1,765,118	1,427,206
Reportable segments
Reconciliations of total assets from reportable segments to the condensed consolidated balance sheets
Total assets	775,840	592,342
Segment reconciling items
Reconciliations of total assets from reportable segments to the condensed consolidated balance sheets
Unallocated other corporate assets	311,609	214,302
UGG brand wholesale | Reportable segments
Reconciliations of total assets from reportable segments to the condensed consolidated balance sheets
Total assets	245,239	240,411
HOKA brand wholesale | Reportable segments
Reconciliations of total assets from reportable segments to the condensed consolidated balance sheets
Total assets	124,958	94,157
Teva brand wholesale | Reportable segments
Reconciliations of total assets from reportable segments to the condensed consolidated balance sheets
Total assets	90,305	76,370
Sanuk brand wholesale | Reportable segments
Reconciliations of total assets from reportable segments to the condensed consolidated balance sheets
Total assets	50,314	71,285
Other brands wholesale | Reportable segments
Reconciliations of total assets from reportable segments to the condensed consolidated balance sheets
Total assets	21,535	14,618
Direct-to-Consumer | Reportable segments
Reconciliations of total assets from reportable segments to the condensed consolidated balance sheets
Total assets	$ 243,489	$ 95,501

Concentration of Business (Deta

Concentration of Business (Details) $ in Thousands	3 Months Ended								12 Months Ended
	Mar. 31, 2020USD ($)tannery	Dec. 31, 2019USD ($)	Sep. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Sep. 30, 2018USD ($)	Jun. 30, 2018USD ($)	Mar. 31, 2020USD ($)tannery	Mar. 31, 2019USD ($)	Mar. 31, 2018USD ($)
Concentration Risk [Line Items]
Net sales	$ 374,910	$ 938,735	$ 542,205	$ 276,839	$ 394,130	$ 873,800	$ 501,913	$ 250,594	$ 2,132,689	$ 2,020,437	$ 1,903,339
Number of tanneries | tannery	2								2
Long-lived assets	$ 209,037				213,796				$ 209,037	213,796
Sales Revenue, Net | International net sales
Concentration Risk [Line Items]
Net sales									$ 730,997	$ 742,079	$ 729,278
Concentration risk (as a percent)									34.30%	36.70%	38.30%
Sales Revenue, Net | Net sales in foreign currencies
Concentration Risk [Line Items]
Net sales									$ 587,233	$ 605,725	$ 617,867
Concentration risk (as a percent)									27.50%	30.00%	32.50%
Sales Revenue, Net | Customer Concentration Risk
Concentration Risk [Line Items]
Concentration risk (as a percent)									23.70%	27.70%	28.20%
US
Concentration Risk [Line Items]
Long-lived assets	194,679				196,702				$ 194,679	$ 196,702
Foreign
Concentration Risk [Line Items]
Long-lived assets	$ 14,358				$ 17,094				$ 14,358	$ 17,094

Quarterly Summary of Informat_3

Quarterly Summary of Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Quarterly Financial Information Disclosure [Abstract]
Net sales	$ 374,910	$ 938,735	$ 542,205	$ 276,839	$ 394,130	$ 873,800	$ 501,913	$ 250,594	$ 2,132,689	$ 2,020,437	$ 1,903,339
Gross profit	192,998	507,632	273,024	130,019	203,305	470,093	251,887	114,965	1,103,673	1,040,250	931,642
(Loss) income from operations	16,655	255,766	97,131	(31,417)	31,604	244,718	90,412	(39,414)	338,135	327,320	222,584
Net income	$ 16,090	$ 201,593	$ 77,810	$ (19,351)	$ 23,969	$ 196,374	$ 74,372	$ (30,407)	$ 276,142	$ 264,308	$ 114,394
Net (loss) income per share
Basic (in dollars per share)	$ 0.57	$ 7.21	$ 2.73	$ (0.67)	$ 0.82	$ 6.74	$ 2.49	$ (1)	$ 9.73	$ 8.92	$ 3.60
Diluted (in dollars per share)	$ 0.57	$ 7.14	$ 2.71	$ (0.67)	$ 0.82	$ 6.68	$ 2.48	$ (1)	$ 9.62	$ 8.84	$ 3.58

Schedule II VALUATION AND QUA_2

Schedule II VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Valuation and qualifying accounts
Balance at Beginning of Year	$ 18,824	$ 33,462
Balance at End of Year	21,146	18,824	$ 33,462
Allowance for doubtful accounts
Valuation and qualifying accounts
Balance at Beginning of Year	5,073	3,487	5,979
Additions	3,498	2,849	4,168
Deductions	(1,582)	(1,263)	(6,660)
Balance at End of Year	6,989	5,073	3,487
Allowance for sales discounts
Valuation and qualifying accounts
Balance at Beginning of Year	710	1,400	3,100
Additions	14,845	11,712	19,972
Deductions	(14,525)	(12,402)	(21,672)
Balance at End of Year	1,030	710	1,400
Allowance for chargebacks
Valuation and qualifying accounts
Balance at Beginning of Year	13,041	7,727	7,028
Additions	13,399	23,369	19,019
Deductions	(13,313)	(18,055)	(18,320)
Balance at End of Year	13,127	13,041	7,727
Allowance for sales returns
Valuation and qualifying accounts
Balance at Beginning of Year	$ 0	20,848	16,247
Additions		0	51,677
Deductions		(20,848)	(47,076)
Balance at End of Year		$ 0	$ 20,848

Uncategorized Items - deck33120

Label	Element	Value
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 468,000
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	1,558,000
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (1,068,000)