Deckers Outdoor (DECK) 10-Q 5 Nov 20 2021 Q2 Quarterly report Financial data

COVER PAGE

COVER PAGE - shares	6 Months Ended
	Sep. 30, 2020	Oct. 29, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 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 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 Common Stock, Shares Outstanding (in shares)		28,084,060
Entity Central Index Key	0000910521
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Sep. 30, 2020	Mar. 31, 2020
ASSETS
Cash and cash equivalents	$ 626,414	$ 649,436
Trade accounts receivable, net of allowances ($35,325 and $21,146 as of September 30, 2020 and March 31, 2020, respectively)	326,266	185,596
Inventories, net of reserves ($18,735 and $12,227 as of September 30, 2020 and March 31,2020, respectively)	484,138	311,620
Prepaid expenses	19,866	17,760
Other current assets	31,696	21,548
Income tax receivable	11,356	8,151
Total current assets	1,499,736	1,194,111
Property and equipment, net of accumulated depreciation ($246,835 and $242,138 as of September 30, 2020 and March 31, 2020, respectively)	207,912	209,037
Operating lease assets	224,151	243,522
Goodwill	13,990	13,990
Other intangible assets, net of accumulated amortization ($76,484 and $74,421 as of September 30, 2020 and March 31, 2020, respectively)	46,764	48,016
Deferred tax assets, net	27,372	28,233
Other assets	30,423	28,209
Total assets	2,050,348	1,765,118
LIABILITIES AND STOCKHOLDERS' EQUITY
Short-term borrowings	9,965	638
Trade accounts payable	312,932	147,892
Accrued payroll	30,606	42,309
Operating lease liabilities	48,728	49,091
Other accrued expenses	59,248	46,281
Income taxes payable	31,711	11,104
Value added tax payable	10,652	3,631
Total current liabilities	503,842	300,946
Mortgage payable	29,938	30,263
Long-term operating lease liabilities	196,861	215,724
Income tax liability	59,610	63,547
Other long-term liabilities	17,133	14,518
Total long-term liabilities	303,542	324,052
Commitments and contingencies
Stockholders' equity
Common stock ($0.01 par value; 125,000 shares authorized; shares issued and outstanding of 28,082 and 27,999 as of September 30, 2020 and March 31, 2020, respectively)	281	280
Additional paid-in capital	194,112	191,451
Retained earnings	1,067,529	973,948
Accumulated other comprehensive loss	(18,958)	(25,559)
Total stockholders' equity	1,242,964	1,140,120
Total liabilities and stockholders' equity	$ 2,050,348	$ 1,765,118

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2020	Mar. 31, 2020
Statement of Financial Position [Abstract]
Trade accounts receivable, allowances	$ 35,325	$ 21,146
Inventory reserves	18,735	12,227
Accumulated depreciation	246,835	242,138
Accumulated amortization	$ 76,484	$ 74,421
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)	28,082,000	27,999,000
Common stock, outstanding shares (in shares)	28,082,000	27,999,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Income Statement [Abstract]
Net sales	$ 623,525	$ 542,205	$ 906,694	$ 819,044
Cost of sales	304,548	269,181	445,151	416,001
Gross profit	318,977	273,024	461,543	403,043
Selling, general and administrative expenses	190,373	175,893	340,638	337,329
Income from operations	128,604	97,131	120,905	65,714
Interest income	(452)	(1,530)	(1,126)	(4,396)
Interest expense	1,205	1,524	2,395	2,670
Other income, net	(113)	(86)	(256)	(178)
Total other expense (income), net	640	(92)	1,013	(1,904)
Income before income taxes	127,964	97,223	119,892	67,618
Income tax expense	26,410	19,413	26,311	9,159
Net income	101,554	77,810	93,581	58,459
Other comprehensive income (loss)
Unrealized (loss) gain on cash flow hedges, net of tax	(800)	1,497	(447)	1,180
Foreign currency translation gain (loss)	6,395	(3,391)	7,048	(3,323)
Total other comprehensive income (loss)	5,595	(1,894)	6,601	(2,143)
Comprehensive income	$ 107,149	$ 75,916	$ 100,182	$ 56,316
Net income per share
Basic (in dollars per share)	$ 3.62	$ 2.73	$ 3.34	$ 2.03
Diluted (in dollars per share)	$ 3.58	$ 2.71	$ 3.30	$ 2.01
Weighted-average common shares outstanding
Basic (in shares)	28,046	28,483	28,024	28,785
Diluted (in shares)	28,335	28,705	28,314	29,039

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Cumulative adjustment from adoption of recent accounting pronouncements (refer to Note 1)	Cumulative adjustment from adoption of recent accounting pronouncements (refer to Note 1)Retained Earnings
Beginning balance (in shares) at Mar. 31, 2019		29,141,000
Beginning balance at Mar. 31, 2019	$ 1,045,130	$ 291	$ 178,227	$ 889,266	$ (22,654)	$ (1,069)	$ (1,069)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation (in shares)		1,000
Stock-based compensation	3,424		3,424
Shares issued upon vesting (in shares)		4,000
Shares issued upon vesting	0
Exercise of stock options (in shares)		46,000
Exercise of stock options	2,773	$ 1	2,772
Shares withheld for taxes	(374)		(374)
Repurchases of common stock (in shares)		(227,000)
Repurchases of common stock	(35,005)	$ (2)		(35,003)
Net income (loss)	(19,351)			(19,351)
Total other comprehensive income (loss)	(249)				(249)
Ending balance (in shares) at Jun. 30, 2019		28,965,000
Ending balance at Jun. 30, 2019	995,279	$ 290	184,049	833,843	(22,903)
Beginning balance (in shares) at Mar. 31, 2019		29,141,000
Beginning balance at Mar. 31, 2019	1,045,130	$ 291	178,227	889,266	(22,654)	$ (1,069)	$ (1,069)
Increase (Decrease) in Stockholders' Equity
Net income (loss)	58,459
Total other comprehensive income (loss)	(2,143)
Ending balance (in shares) at Sep. 30, 2019		27,975,000
Ending balance at Sep. 30, 2019	916,304	$ 280	184,557	756,264	(24,797)
Beginning balance (in shares) at Jun. 30, 2019		28,965,000
Beginning balance at Jun. 30, 2019	995,279	$ 290	184,049	833,843	(22,903)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation (in shares)		3,000
Stock-based compensation	5,075		5,075
Shares issued upon vesting (in shares)		73,000
Shares issued upon vesting	618	$ 1	617
Exercise of stock options (in shares)		3,000
Exercise of stock options	186		186
Shares withheld for taxes	(5,370)		(5,370)
Repurchases of common stock (in shares)		(1,069,000)
Repurchases of common stock	(155,400)	$ (11)		(155,389)
Net income (loss)	77,810			77,810
Total other comprehensive income (loss)	(1,894)				(1,894)
Ending balance (in shares) at Sep. 30, 2019		27,975,000
Ending balance at Sep. 30, 2019	916,304	$ 280	184,557	756,264	(24,797)
Beginning balance (in shares) at Mar. 31, 2020		27,999,000
Beginning balance at Mar. 31, 2020	1,140,120	$ 280	191,451	973,948	(25,559)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation (in shares)		1,000
Stock-based compensation	3,618		3,618
Shares issued upon vesting (in shares)		1,000
Shares issued upon vesting	0
Exercise of stock options (in shares)		4,000
Exercise of stock options	247		247
Shares withheld for taxes	(90)		(90)
Net income (loss)	(7,973)			(7,973)
Total other comprehensive income (loss)	1,006				1,006
Ending balance (in shares) at Jun. 30, 2020		28,005,000
Ending balance at Jun. 30, 2020	1,136,928	$ 280	195,226	965,975	(24,553)
Beginning balance (in shares) at Mar. 31, 2020		27,999,000
Beginning balance at Mar. 31, 2020	$ 1,140,120	$ 280	191,451	973,948	(25,559)
Increase (Decrease) in Stockholders' Equity
Repurchases of common stock (in shares)	0
Net income (loss)	$ 93,581
Total other comprehensive income (loss)	6,601
Ending balance (in shares) at Sep. 30, 2020		28,082,000
Ending balance at Sep. 30, 2020	1,242,964	$ 281	194,112	1,067,529	(18,958)
Beginning balance (in shares) at Jun. 30, 2020		28,005,000
Beginning balance at Jun. 30, 2020	1,136,928	$ 280	195,226	965,975	(24,553)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation (in shares)		1,000
Stock-based compensation	4,019		4,019
Shares issued upon vesting (in shares)		60,000
Shares issued upon vesting	698	$ 1	697
Exercise of stock options (in shares)		16,000
Exercise of stock options	1,134		1,134
Shares withheld for taxes	(6,964)		(6,964)
Net income (loss)	101,554			101,554
Total other comprehensive income (loss)	5,595				5,595
Ending balance (in shares) at Sep. 30, 2020		28,082,000
Ending balance at Sep. 30, 2020	$ 1,242,964	$ 281	$ 194,112	$ 1,067,529	$ (18,958)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
OPERATING ACTIVITIES
Net income	$ 93,581	$ 58,459
Reconciliation of net income to net cash used in operating activities:
Depreciation, amortization and accretion	19,499	19,966
Bad debt expense	7,163	976
Deferred tax expense (benefit)	1,503	(412)
Stock-based compensation	7,635	8,497
Excess tax benefit from stock-based compensation	(1,653)	(2,004)
Loss on disposal of property and equipment	135	391
Impairment of operating lease assets and other long-lived assets	2,680	123
Changes in operating assets and liabilities:
Trade accounts receivable, net	(147,832)	(156,975)
Inventories, net	(172,518)	(280,032)
Prepaid expenses and other current assets	(12,012)	(15,049)
Income tax receivable	(3,205)	(3,152)
Net operating lease assets and liabilities	(3,385)	(817)
Other assets	(2,213)	(139)
Trade accounts payable	162,289	188,413
Other accrued expenses	11,434	(31,056)
Income taxes payable	22,260	(3,331)
Long-term liabilities	(1,322)	(14)
Net cash used in operating activities	(15,961)	(216,156)
INVESTING ACTIVITIES
Purchases of property and equipment	(13,333)	(14,944)
Proceeds from sales of property and equipment	49	240
Net cash used in investing activities	(13,284)	(14,704)
FINANCING ACTIVITIES
Proceeds from short-term borrowings	9,100	29,463
Repayments of short-term borrowings	0	(16,000)
Proceeds from issuance of stock	698	618
Proceeds from exercise of stock options	1,381	2,959
Repurchases of common stock	0	(190,405)
Cash paid for shares withheld for taxes	(7,054)	(5,744)
Repayments of mortgage principal	(309)	(294)
Net cash provided by (used in) financing activities	3,816	(179,403)
Effect of foreign currency exchange rates on cash and cash equivalents	2,406	(1,756)
Net change in cash and cash equivalents	(23,023)	(412,019)
Cash and cash equivalents at beginning of period	649,436	589,692
Cash and cash equivalents at end of period	626,414	177,673
Cash paid during the period
Income taxes, net of refunds of $1,292 and $5,282, as of September 30, 2020 and 2019, respectively	11,764	17,508
Interest	1,505	1,118
Operating leases	28,911	30,093
Non-cash investing activities
Accrued for purchases of property and equipment	3,598	4,260
Accrued for asset retirement obligations	$ 323	$ 96

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (PARENTHETICAL) - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Statement of Cash Flows [Abstract]
Income tax refunds	$ 1,292	$ 5,282

General

General	6 Months Ended
	Sep. 30, 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 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 unaudited condensed consolidated financial statements and accompanying notes thereto (referred to herein as condensed consolidated financial statements ) as of September 30, 2020 and for the three and six months ended September 30, 2020 and 2019 were prepared in accordance with accounting principles generally accepted in the United States (US GAAP) for interim financial information pursuant to Rule 10-01 of Regulation S-X issued by the SEC. Accordingly, they do not include all the information and disclosures required by US GAAP for annual financial statements and accompanying notes thereto. The condensed consolidated balance sheet as of March 31, 2020 was derived from the Company's audited consolidated financial statements . In the opinion of management, the condensed consolidated financial statements include all normal and recurring entries necessary to fairly present the results of the interim periods presented but are not necessarily indicative of results to be achieved for full fiscal years or other interim periods. The condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes thereto included in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2020 , which was filed with the SEC on June 1, 2020 ( 2020 Annual Report ). Consolidation. The condensed 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 condensed 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. In addition, the Company has considered the potential impact of the COVID-19 global pandemic (pandemic) on its business and operations. Although the full impact of the pandemic is unknown and cannot be reasonably estimated, the Company believes it has made appropriate accounting estimates and assumptions based on the facts and circumstances available as of the reporting date. However, actual results could differ materially from these estimates and assumptions, which may result in material effects on the Company's financial condition, results of operations, and liquidity. Actual results could differ as a result of a number of factors, including, without limitation, the severity and duration of the pandemic (including the potential for additional waves of the pandemic that may vary by geographic region); the timing and extent of governmental actions taken to control the spread and mitigate the impact of the pandemic; the impact of the pandemic on discretionary spending, consumer confidence, unemployment rates, and retail store security; the scope and timing of any governmental assistance provided in response to the impacts of the pandemic; and the impact of the pandemic on global economic conditions and financial markets. Significant areas requiring the use of management estimates and assumptions 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, including for goodwill, other intangible assets, and long-lived 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 utilized to discount its unpaid lease payments to measure its operating lease assets and liabilities. There is uncertainty as to the nature and scope of the continued impacts of the pandemic over time. This uncertainty has affected, and is expected to continue to affect, management’s accounting estimates and assumptions, which could result in greater variability in a variety of areas that depend on these estimates and assumptions as additional information becomes available. Reportable Operating Segments The Company's six reportable operating segments include the worldwide wholesale operations for each 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. Recent Accounting Pronouncements Recently Adopted. The Financial Accounting Standards Board (FASB) has issued Accounting Standard Updates (ASUs) that have been adopted by the Company for its annual and interim reporting periods as stated below. The following is a summary of each standard and the impact on the Company: Standard Description 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. The Company adopted this ASU beginning April 1, 2020 on a prospective basis, which did not have a material impact on its condensed 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. The Company adopted this ASU beginning April 1, 2020 on a prospective basis, which did not have a material impact on its condensed consolidated financial statements. Not Yet Adopted. The FASB has issued the following ASUs that have not yet been adopted by the Company. The following is a summary of each standard, planned period of adoption, and the expected impact on the Company: Standard Description Planned Period of Adoption Expected Impact on Adoption 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 on adoption of this ASU; however, the Company does not expect that the adoption will have a material impact on its condensed 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. Q3 FY 2023 The Company is currently evaluating the impact of the adoption of this ASU on its condensed consolidated financial statements.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Sep. 30, 2020
Revenue from Contract with Customer [Abstract]
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. Components of variable consideration include estimated discounts, markdowns or chargebacks, and sales returns. Estimated variable consideration is included in the transaction price to the extent it is probable that a significant reversal of the cumulative revenue recognized will not occur in a future period. 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. 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 condensed consolidated balance sheets . Sales Returns. The following table provides activity during the six months ended September 30, 2020 related to estimated sales returns for the Company’s existing customer contracts for all channels: Contract Asset Contract Liability Balance, March 31, 2020 $ 9,663 $ (25,667 ) Net additions to sales return allowance* 17,984 (59,811 ) Actual returns (16,386 ) 51,685 Balance, September 30, 2020 $ 11,261 $ (33,793 ) The following table provides activity during the six months ended September 30, 2019 related to estimated sales returns for the Company’s existing customer contracts for all channels: Contract Asset Contract Liability Balance, March 31, 2019 $ 10,441 $ (24,787 ) Net additions to sales return allowance* 12,297 (37,604 ) Actual returns (14,763 ) 43,080 Balance, September 30, 2019 $ 7,975 $ (19,311 ) * Net additions to sales return allowance include 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 can earn rewards from qualifying purchases or activities. As of September 30, 2020 and March 31, 2020 , the Company's contract liability for loyalty programs was $8,417 and $6,950 , respectively. Refer to Note 12, “Reportable Operating Segments,” for further information on the Company's disaggregation of revenue by reportable operating segment.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets The Company's goodwill and other intangible assets are recorded in the condensed consolidated balance sheets , as follows: September 30, 2020 March 31, 2020 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 52,549 51,738 Total gross carrying amount 107,794 106,983 Accumulated amortization (76,484 ) (74,421 ) Net definite-lived intangible assets 31,310 32,562 Total other intangible assets, net 46,764 48,016 Total $ 60,754 $ 62,006 Amortization Expense Aggregate amortization expense for definite-lived intangible assets during the six months ended September 30, 2020 and 2019 was $1,265 and $2,201 , respectively. A reconciliation of the changes in total other intangible assets, net, recorded in the condensed consolidated balance sheets is as follows: Balance, March 31, 2020 $ 48,016 Amortization expense (1,265 ) Foreign currency translation net gain 13 Balance, September 30, 2020 $ 46,764

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Sep. 30, 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 condensed consolidated balance sheets were as follows: Measured Using September 30, 2020 Level 1 Level 2 Level 3 Non-qualified deferred compensation asset $ 7,889 $ 7,889 $ — $ — Non-qualified deferred compensation liability (5,490 ) (5,490 ) — — Designated Derivative Contracts asset 243 — 243 — Designated Derivative Contracts liability (831 ) — (831 ) — Non-Designated Derivative Contracts asset 42 — 42 — 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 ) — — 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. Deferred compensation is recognized based on the fair value of the participants' accounts. A rabbi trust was established as a reserve for benefits payable under this plan, with the assets invested in company-owned life insurance policies. As of September 30, 2020 , the non-qualified deferred compensation asset of $7,889 was recorded in other assets in the condensed consolidated balance sheets . As of September 30, 2020 , the non-qualified deferred compensation liability of $5,490 was recorded in the condensed consolidated balance sheets , with $715 in other accrued expenses and $4,775 in other long-term liabilities. The Level 2 inputs consist of forward spot rates at the end of the applicable reporting period. The fair values of assets and liabilities associated with derivative instruments and hedging activities are recorded in other current assets and other accrued expenses, respectively, in the condensed consolidated balance sheets . Refer to Note 9, “Derivative Instruments,” for further information, including definitions of the terms Designated Derivative Contracts and Non-Designated Derivative Contracts.

Income Taxes

Income Taxes	6 Months Ended
	Sep. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Effective Income Tax Rate Income tax expense and the effective income tax rate were as follows: Three Months Ended September 30, Six Months Ended September 30, 2020 2019 2020 2019 Income tax expense $ 26,410 $ 19,413 $ 26,311 $ 9,159 Effective income tax rate 20.6 % 20.0 % 21.9 % 13.5 % The tax provisions during the six months ended September 30, 2020 and 2019 were computed using the estimated effective income tax rates applicable to each of the domestic and foreign taxable jurisdictions for the full fiscal year and were adjusted for discrete items that occurred within the periods presented. During the three months ended September 30, 2020 , the slight increase in the effective income tax rate, compared to the prior period, was due to changes in the jurisdictional mix of worldwide income before income taxes forecasted for the fiscal year ending March 31, 2021 , partially offset by lower net discrete tax expenses, primarily driven by reduced unrecognized tax benefits recorded in the current period. During the six months ended September 30, 2020 , the increase in the effective income tax rate, compared to the prior period, was due to changes in the jurisdictional mix of worldwide income before income taxes forecasted for the fiscal year ending March 31, 2021 as well as a reduced tax benefit during the six months ended September 30, 2020 , compared to the prior period, which recognized an increased tax benefit for the favorable settlement of a state income tax audit. These impacts were partially offset by reduced unrecognized tax benefits recorded for a prior year tax position in the current period. Unrecognized Tax Benefits During the six months ended September 30, 2020 , the amount of gross unrecognized tax benefits and associated penalties and interest increased by $577 to $18,215 . This change is primarily related to a net increase in prior year tax position reserves recorded in income tax liability in the condensed consolidated balance sheets

Revolving Credit Facilities and

Revolving Credit Facilities and Mortgage Payable	6 Months Ended
	Sep. 30, 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 that 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. At the Company's election, interest under the Primary Credit Facility is tied to the adjusted LIBOR or the Alternate Base Rate (ABR). Interest for borrowings made in foreign currencies is based on currency-specific LIBOR or the Canadian deposit offered rate (CDOR) if made in Canadian dollars. As of September 30, 2020 , the effective interest rates for US dollar LIBOR and ABR were 1.27% and 3.38% , respectively. During the six months ended September 30, 2020 , the Company made no borrowings or repayments under the Primary Credit Facility. As of September 30, 2020 , the Company had no outstanding balance, outstanding letters of credit of $549 , and available borrowings of $399,451 under the Primary Credit Facility. China Credit Facility In August 2013, Deckers (Beijing) Trading Co., LTD, 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 $44,083 , with an overdraft facility sublimit of CNY 100,000 , or $14,694 . 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 (PBOC) market rate multiplied by a variable liquidity factor. As of September 30, 2020 , the effective interest rate was 4.45% . During the six months ended September 30, 2020 , the Company made $9,311 in borrowings and no repayments under the China Credit Facility. As of September 30, 2020 , the Company had an outstanding balance of $9,311 , outstanding bank guarantees of $29 , and available borrowings of $34,743 under the China Credit Facility. Japan Credit Facility In March 2016, Deckers Japan, G.K., a wholly-owned subsidiary of the Company, entered into a credit agreement in Japan (as amended, the Japan Credit Facility) that provides for an uncommitted revolving line of credit of up to JPY 3,000,000 , or $28,412 , 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. Interest is based on the Tokyo Interbank Offered Rate (TIBOR) plus 0.40% . As of September 30, 2020 , the effective interest rate was 0.46% . During the six months ended September 30, 2020 , the Company made no borrowings or repayments under the Japan Credit Facility. As of September 30, 2020 , the Company had no outstanding balance and available borrowings of $28,412 under the Japan Credit Facility. Mortgage In July 2014, the Company obtained a mortgage secured by the property on which its corporate headquarters is located for a principal amount of $33,931 . As of September 30, 2020 , the outstanding principal balance under the mortgage was $30,592 , which includes $654 in short-term borrowings and $29,938 in mortgage payable in the condensed 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 . Debt Covenants As of September 30, 2020 , the Company was in compliance with all financial covenants under the revolving credit facilities and the mortgage. Foreign Currency Exchange Rates The amounts disclosed above for the China Credit Facility have been translated into US dollars using applicable foreign currency exchange spot rates in effect as of September 30, 2020 . As a result, there are differences between the net borrowing amount within this footnote disclosure and that same amount recorded in the condensed consolidated statements of cash flows . Any amounts outstanding, including those amounts disclosed above, are recorded in short-term borrowings in the condensed consolidated balance sheets .

Leases and Other Commitments

Leases and Other Commitments	6 Months Ended
	Sep. 30, 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 contracts. Some of the Company's operating leases contain extension options ranging 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. Supplemental information for amounts presented in the condensed consolidated statements of cash flows related to operating leases is as follows: Three Months Ended September 30, Six Months Ended September 30, 2020 2019 2020 2019 Non-cash operating activities Operating lease assets obtained in exchange for lease liabilities* $ 3,378 $ 11,715 $ 5,869 $ 28,137 Reductions to operating lease assets for reductions to lease liabilities* (476 ) (2,120 ) (2,413 ) (4,669 ) * Amounts disclosed include non-cash additions or reductions, respectively, resulting from lease remeasurements. 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, including the matter outlined below, will not, individually or in the aggregate, have a material adverse effect on it business, results of operations, financial condition, or liquidity. On March 28, 2016, the Company filed a lawsuit alleging trademark infringement, patent infringement, unfair competition and violation of deceptive trade practices in the US District Court for the Northern District of Illinois Eastern Division against Australian Leather. Australian Leather counterclaimed alleging that the UGG trademark is invalid. On May 10, 2019, a jury returned a verdict in the Company's favor in its lawsuit against Australian Leather. The District Court entered judgments upholding the UGG trademark on February 6 and June 8, 2020. On August 12, 2020, Australian Leather filed an appeal to the US Court of Appeals for the Federal Circuit. While the Company believes there is no merit to the appeal, a judgment invalidating the UGG brand trademark would have a material adverse effect on the Company's business.
Leases and Other Commitments	Leases and Other Commitments Leases The Company primarily leases retail stores, showrooms, offices, and distribution facilities under operating lease contracts. Some of the Company's operating leases contain extension options ranging 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. Supplemental information for amounts presented in the condensed consolidated statements of cash flows related to operating leases is as follows: Three Months Ended September 30, Six Months Ended September 30, 2020 2019 2020 2019 Non-cash operating activities Operating lease assets obtained in exchange for lease liabilities* $ 3,378 $ 11,715 $ 5,869 $ 28,137 Reductions to operating lease assets for reductions to lease liabilities* (476 ) (2,120 ) (2,413 ) (4,669 ) * Amounts disclosed include non-cash additions or reductions, respectively, resulting from lease remeasurements. 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, including the matter outlined below, will not, individually or in the aggregate, have a material adverse effect on it business, results of operations, financial condition, or liquidity. On March 28, 2016, the Company filed a lawsuit alleging trademark infringement, patent infringement, unfair competition and violation of deceptive trade practices in the US District Court for the Northern District of Illinois Eastern Division against Australian Leather. Australian Leather counterclaimed alleging that the UGG trademark is invalid. On May 10, 2019, a jury returned a verdict in the Company's favor in its lawsuit against Australian Leather. The District Court entered judgments upholding the UGG trademark on February 6 and June 8, 2020. On August 12, 2020, Australian Leather filed an appeal to the US Court of Appeals for the Federal Circuit. While the Company believes there is no merit to the appeal, a judgment invalidating the UGG brand trademark would have a material adverse effect on the Company's business.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Sep. 30, 2020
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation From time to time, the Company grants various types of stock-based compensation under the 2015 Stock Incentive Plan, as amended (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), as well as long-term incentive plan (LTIP) awards, to certain executive officers and other key employees. During the six months ended September 30, 2020 , except for the Annual RSU grant activity summarized below, no additional awards were granted under the 2015 SIP. Refer to Note 8, “Stock-Based Compensation,” in our 2020 Annual Report for further information on previously granted awards under the 2015 SIP. Annual Awards The Company granted Annual RSUs and Annual PSUs under the 2015 SIP, as summarized below: Six Months Ended September 30, 2020 2019 Shares Granted Weighted-average grant date fair value per share Shares Granted Weighted-average grant date fair value per share Annual RSUs 34,211 $ 200.83 38,307 $ 173.65 Annual PSUs — — 19,938 174.36 Total 34,211 $ 200.83 58,245 $ 173.89 Stock-based compensation is recorded net of estimated forfeitures in selling, general and administrative (SG&A) expenses in the condensed consolidated statements of comprehensive income . The Annual RSUs typically vest in equal annual installments over three years following the date of grant. The Annual PSUs are typically earned based on 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 are met, vest in equal annual installments over three years thereafter. Future unrecognized stock-based compensation expense for Annual RSUs and Annual PSUs outstanding as of September 30, 2020 was $11,219

Derivative Instruments

Derivative Instruments	6 Months Ended
	Sep. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments The Company may enter into foreign currency forward or option contracts (derivative contracts) to manage foreign currency risk on expected cash flows and certain existing assets and liabilities, primarily intercompany balances. 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 after-tax unrealized gains or losses from changes in the fair value of Designated Derivative Contracts are recorded as a component of accumulated other comprehensive loss (AOCL) and are reclassified to net sales in the condensed consolidated statements of comprehensive income in the same period or periods as the related sales are recognized. The Company includes all hedge components in its assessment of effectiveness for its derivative contracts. Changes in the fair value of Non-Designated Derivative Contracts are recorded in SG&A expenses in the condensed 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 intercompany balances, which are recorded in SG&A expenses in the condensed consolidated statements of comprehensive income . As of September 30, 2020 , the Company had the following derivative contracts recorded at fair value in the condensed consolidated balance sheets : Designated Derivative Contracts Non-Designated Derivative Contracts Total Notional value $ 53,444 $ 18,909 $ 72,353 Fair value recorded in other current assets 243 42 285 Fair value recorded in other accrued expenses 831 — 831 As of September 30, 2020 , the Company's outstanding derivative contracts were held by an aggregate of four counterparties, all with various maturity dates within the next six months . As of March 31, 2020 , the Company had no outstanding derivative contracts. The following table summarizes the effect of Designated Derivative Contracts and the related income tax effects for unrealized gains or losses recorded in the condensed consolidated statements of comprehensive income for changes in AOCL: Three Months Ended September 30, Six Months Ended September 30, 2020 2019 2020 2019 (Loss) gain recorded in OCI $ (1,173 ) $ 2,190 $ (709 ) $ 1,773 Reclassifications from AOCL into net sales 121 (216 ) 121 (216 ) Income tax benefit (expense) in OCI 252 (477 ) 141 (377 ) Total $ (800 ) $ 1,497 $ (447 ) $ 1,180 The following table summarizes the effect of Non-Designated Derivative Contracts: Three Months Ended September 30, Six Months Ended September 30, 2020 2019 2020 2019 Gain recorded in SG&A expenses $ 42 $ 502 $ 42 $ 146 The non-performance risk of the Company and the counterparties did not have a material impact on the fair value of its derivative contracts. As of September 30, 2020 , the amount of unrealized losses on derivative contracts recorded in AOCL is expected to be reclassified into net sales within the next six months . Refer to Note 10, “Stockholders' Equity,” for further information on the components of AOCL.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Sep. 30, 2020
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Stockholders' Equity Stock Repurchase Programs The Company's Board of Directors has authorized various stock repurchase programs pursuant to which the Company may repurchase shares of its common stock. The Company's stock repurchase programs do not obligate it to acquire any amount of common stock and may be suspended at any time at the Company's discretion. During the six months ended September 30, 2020 , the Company made no stock repurchases. As of September 30, 2020 , the aggregate remaining approved amount under the Company's stock repurchase programs was $159,807 . Accumulated Other Comprehensive Loss The components within AOCL recorded in the condensed consolidated balance sheets , were as follows: September 30, 2020 March 31, 2020 Unrealized loss on cash flow hedges, net of tax $ (447 ) $ — Cumulative foreign currency translation loss (18,511 ) (25,559 ) Total $ (18,958 ) $ (25,559 )

Basic and Diluted Shares

Basic and Diluted Shares	6 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Basic and Diluted Shares	Basic and Diluted Shares The reconciliation of basic to diluted weighted-average common shares outstanding was as follows: Three Months Ended September 30, Six Months Ended September 30, 2020 2019 2020 2019 Basic 28,046,000 28,483,000 28,024,000 28,785,000 Dilutive effect of equity awards 289,000 222,000 290,000 254,000 Diluted 28,335,000 28,705,000 28,314,000 29,039,000 Excluded* Annual RSUs and Annual PSUs — 54,000 23,000 52,000 LTIP PSUs 153,000 153,000 153,000 153,000 LTIP NQSOs — 170,000 — 170,000 Deferred Non-Employee Director Equity Awards — — 3,000 — * The equity awards excluded from the calculation of the dilutive effect have been 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 deemed issuable based on the Company's performance for the relevant performance period; or (3) the Company recorded a net loss during the period presented (such that inclusion of these equity awards in the calculation would have been anti-dilutive). 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 subject to the achievement of 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, and may be materially lower than the number of shares presented (which could result in a lesser dilutive effect). Refer to Note 8, “Stock-Based Compensation,” in our 2020 Annual Report for further information on previously granted awards under the Company's equity incentive plans.

Reportable Operating Segments

Reportable Operating Segments	6 Months Ended
	Sep. 30, 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 (PEO), is organized into the Company's 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. 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. 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. Reportable operating segment information, with a reconciliation to the condensed consolidated statements of comprehensive income , was as follows: Three Months Ended September 30, Six Months Ended September 30, 2020 2019 2020 2019 Net sales UGG brand wholesale $ 291,994 $ 332,020 $ 335,422 $ 417,420 HOKA brand wholesale 108,117 60,959 178,736 124,965 Teva brand wholesale 17,746 17,091 39,157 47,922 Sanuk brand wholesale 6,085 8,166 13,313 22,773 Other brands wholesale 27,672 25,282 28,307 27,009 Direct-to-Consumer 171,911 98,687 311,759 178,955 Total $ 623,525 $ 542,205 $ 906,694 $ 819,044 Three Months Ended September 30, Six Months Ended September 30, 2020 2019 2020 2019 Income (loss) from operations UGG brand wholesale $ 106,726 $ 135,663 $ 102,991 $ 145,104 HOKA brand wholesale 33,826 14,054 51,061 25,412 Teva brand wholesale 4,762 3,523 8,964 11,839 Sanuk brand wholesale 1,139 238 1,627 2,173 Other brands wholesale 9,869 6,958 8,599 7,090 Direct-to-Consumer 43,284 2,935 74,311 (1,637 ) Unallocated overhead costs (71,002 ) (66,240 ) (126,648 ) (124,267 ) Total $ 128,604 $ 97,131 $ 120,905 $ 65,714 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 condensed consolidated balance sheets , were as follows: September 30, 2020 March 31, 2020 Assets UGG brand wholesale $ 565,523 $ 245,239 HOKA brand wholesale 135,038 124,958 Teva brand wholesale 44,424 90,305 Sanuk brand wholesale 38,154 50,314 Other brands wholesale 53,353 21,535 Direct-to-Consumer 240,374 243,489 Total assets from reportable operating segments 1,076,866 775,840 Unallocated cash and cash equivalents 626,414 649,436 Unallocated deferred tax assets, net 27,372 28,233 Unallocated other corporate assets 319,696 311,609 Total $ 2,050,348 $ 1,765,118

Concentration of Business

Concentration of Business	6 Months Ended
	Sep. 30, 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: Three Months Ended September 30, Six Months Ended September 30, 2020 2019 2020 2019 International net sales $ 196,113 $ 184,234 $ 294,982 $ 293,778 % of net sales 31.5 % 34.0 % 32.5 % 35.9 % Net sales in foreign currencies $ 156,671 $ 159,059 $ 212,354 $ 218,416 % of net sales 25.1 % 29.3 % 23.4 % 26.7 % Ten largest customers as % of net sales 31.9 % 36.6 % 27.3 % 30.4 % For the three and six months ended September 30, 2020 and 2019 , no single foreign country comprised 10.0% or more of the Company's total net sales. No single customer comprised 10.0% or more of the Company's total net sales during the three and six months ended September 30, 2020 and 2019 . The Company sells its products to customers for trade accounts receivable and, as of September 30, 2020 , had two customers that individually exceeded 10.0% of trade accounts receivable, net, compared to no single customer that exceeded 10.0% of trade accounts receivable, net, as of March 31, 2020 . 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 Company believes significant factors affecting the price of sheepskin include weather patterns, harvesting decisions, incidence of disease, the price of other commodities such as wool and leather, the demand for the Company's products and the products of its competitors, the use of substitute products or components, and global economic conditions. Long-Lived Assets Long-lived assets, which consist of property and equipment, net, recorded in the condensed consolidated balance sheets , were as follows: September 30, 2020 March 31, 2020 US $ 194,185 $ 194,679 Foreign* 13,727 14,358 Total $ 207,912 $ 209,037 * No single foreign country’s property and equipment, net, comprised 10.0% or more of the Company’s total property and equipment, net, as of September 30, 2020 and March 31, 2020 .

General (Policies)

General (Policies)	6 Months Ended
	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The unaudited condensed consolidated financial statements and accompanying notes thereto (referred to herein as condensed consolidated financial statements ) as of September 30, 2020 and for the three and six months ended September 30, 2020 and 2019 were prepared in accordance with accounting principles generally accepted in the United States (US GAAP) for interim financial information pursuant to Rule 10-01 of Regulation S-X issued by the SEC. Accordingly, they do not include all the information and disclosures required by US GAAP for annual financial statements and accompanying notes thereto. The condensed consolidated balance sheet as of March 31, 2020 was derived from the Company's audited consolidated financial statements . In the opinion of management, the condensed consolidated financial statements include all normal and recurring entries necessary to fairly present the results of the interim periods presented but are not necessarily indicative of results to be achieved for full fiscal years or other interim periods. The condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes thereto included in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2020 , which was filed with the SEC on June 1, 2020 ( 2020 Annual Report ).
Consolidation	Consolidation. The condensed 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 condensed 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. In addition, the Company has considered the potential impact of the COVID-19 global pandemic (pandemic) on its business and operations. Although the full impact of the pandemic is unknown and cannot be reasonably estimated, the Company believes it has made appropriate accounting estimates and assumptions based on the facts and circumstances available as of the reporting date. However, actual results could differ materially from these estimates and assumptions, which may result in material effects on the Company's financial condition, results of operations, and liquidity. Actual results could differ as a result of a number of factors, including, without limitation, the severity and duration of the pandemic (including the potential for additional waves of the pandemic that may vary by geographic region); the timing and extent of governmental actions taken to control the spread and mitigate the impact of the pandemic; the impact of the pandemic on discretionary spending, consumer confidence, unemployment rates, and retail store security; the scope and timing of any governmental assistance provided in response to the impacts of the pandemic; and the impact of the pandemic on global economic conditions and financial markets. Significant areas requiring the use of management estimates and assumptions 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, including for goodwill, other intangible assets, and long-lived 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 utilized to discount its unpaid lease payments to measure its operating lease assets and liabilities. There is uncertainty as to the nature and scope of the continued impacts of the pandemic over time. This uncertainty has affected, and is expected to continue to affect, management’s accounting estimates and assumptions, which could result in greater variability in a variety of areas that depend on these estimates and assumptions as additional information becomes available.
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 (PEO), is organized into the Company's 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. 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. 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.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Recently Adopted. The Financial Accounting Standards Board (FASB) has issued Accounting Standard Updates (ASUs) that have been adopted by the Company for its annual and interim reporting periods as stated below. The following is a summary of each standard and the impact on the Company: Standard Description 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. The Company adopted this ASU beginning April 1, 2020 on a prospective basis, which did not have a material impact on its condensed 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. The Company adopted this ASU beginning April 1, 2020 on a prospective basis, which did not have a material impact on its condensed consolidated financial statements. Not Yet Adopted. The FASB has issued the following ASUs that have not yet been adopted by the Company. The following is a summary of each standard, planned period of adoption, and the expected impact on the Company: Standard Description Planned Period of Adoption Expected Impact on Adoption 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 on adoption of this ASU; however, the Company does not expect that the adoption will have a material impact on its condensed 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. Q3 FY 2023 The Company is currently evaluating the impact of the adoption of this ASU on its condensed consolidated financial statements.
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. Components of variable consideration include estimated discounts, markdowns or chargebacks, and sales returns. Estimated variable consideration is included in the transaction price to the extent it is probable that a significant reversal of the cumulative revenue recognized will not occur in a future period. 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.
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. The Level 2 inputs consist of forward spot rates at the end of the applicable reporting period. The fair values of assets and liabilities associated with derivative instruments and hedging activities are recorded in other current assets and other accrued expenses, respectively, in the condensed consolidated balance sheets . Refer to Note 9, “Derivative Instruments,” for further information, including definitions of the terms Designated Derivative Contracts and Non-Designated Derivative Contracts.
Deferred Compensation	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. Deferred compensation is recognized based on the fair value of the participants' accounts. A rabbi trust was established as a reserve for benefits payable under this plan, with the assets invested in company-owned life insurance policies.
Share-based Compensation	Stock-based compensation is recorded net of estimated forfeitures in selling, general and administrative (SG&A) expenses in the condensed consolidated statements of comprehensive income . The Annual RSUs typically vest in equal annual installments over three years following the date of grant. The Annual PSUs are typically earned based on 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 are met, vest in equal annual installments over three years
Derivatives	The Company may enter into foreign currency forward or option contracts (derivative contracts) to manage foreign currency risk on expected cash flows and certain existing assets and liabilities, primarily intercompany balances. 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 after-tax unrealized gains or losses from changes in the fair value of Designated Derivative Contracts are recorded as a component of accumulated other comprehensive loss (AOCL) and are reclassified to net sales in the condensed consolidated statements of comprehensive income in the same period or periods as the related sales are recognized. The Company includes all hedge components in its assessment of effectiveness for its derivative contracts. Changes in the fair value of Non-Designated Derivative Contracts are recorded in SG&A expenses in the condensed 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 intercompany balances, which are recorded in SG&A expenses in the condensed consolidated statements of comprehensive income .
Net Income Per Share	The equity awards excluded from the calculation of the dilutive effect have been 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 deemed issuable based on the Company's performance for the relevant performance period; or (3) the Company recorded a net loss during the period presented (such that inclusion of these equity awards in the calculation would have been anti-dilutive). 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 subject to the achievement of 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, and may be materially lower than the number of shares presented (which could result in a lesser dilutive effect).

General (Tables)

General (Tables)	6 Months Ended
	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of New Accounting Pronouncements and Changes in Accounting Principles	The following is a summary of each standard and the impact on the Company: Standard Description 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. The Company adopted this ASU beginning April 1, 2020 on a prospective basis, which did not have a material impact on its condensed 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. The Company adopted this ASU beginning April 1, 2020 on a prospective basis, which did not have a material impact on its condensed consolidated financial statements. Not Yet Adopted. The FASB has issued the following ASUs that have not yet been adopted by the Company. The following is a summary of each standard, planned period of adoption, and the expected impact on the Company: Standard Description Planned Period of Adoption Expected Impact on Adoption 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 on adoption of this ASU; however, the Company does not expect that the adoption will have a material impact on its condensed 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. Q3 FY 2023 The Company is currently evaluating the impact of the adoption of this ASU on its condensed consolidated financial statements.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Sep. 30, 2020
Revenue from Contract with Customer [Abstract]
Contract with Customer, Asset and Liability	The following table provides activity during the six months ended September 30, 2020 related to estimated sales returns for the Company’s existing customer contracts for all channels: Contract Asset Contract Liability Balance, March 31, 2020 $ 9,663 $ (25,667 ) Net additions to sales return allowance* 17,984 (59,811 ) Actual returns (16,386 ) 51,685 Balance, September 30, 2020 $ 11,261 $ (33,793 ) The following table provides activity during the six months ended September 30, 2019 related to estimated sales returns for the Company’s existing customer contracts for all channels: Contract Asset Contract Liability Balance, March 31, 2019 $ 10,441 $ (24,787 ) Net additions to sales return allowance* 12,297 (37,604 ) Actual returns (14,763 ) 43,080 Balance, September 30, 2019 $ 7,975 $ (19,311 ) * Net additions to sales return allowance include 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)	6 Months Ended
	Sep. 30, 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 condensed consolidated balance sheets , as follows: September 30, 2020 March 31, 2020 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 52,549 51,738 Total gross carrying amount 107,794 106,983 Accumulated amortization (76,484 ) (74,421 ) Net definite-lived intangible assets 31,310 32,562 Total other intangible assets, net 46,764 48,016 Total $ 60,754 $ 62,006
Schedule of Finite-lived Intangible Assets	A reconciliation of the changes in total other intangible assets, net, recorded in the condensed consolidated balance sheets is as follows: Balance, March 31, 2020 $ 48,016 Amortization expense (1,265 ) Foreign currency translation net gain 13 Balance, September 30, 2020 $ 46,764

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Sep. 30, 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 condensed consolidated balance sheets were as follows: Measured Using September 30, 2020 Level 1 Level 2 Level 3 Non-qualified deferred compensation asset $ 7,889 $ 7,889 $ — $ — Non-qualified deferred compensation liability (5,490 ) (5,490 ) — — Designated Derivative Contracts asset 243 — 243 — Designated Derivative Contracts liability (831 ) — (831 ) — Non-Designated Derivative Contracts asset 42 — 42 — 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 ) — —

Income Taxes - (Tables)

Income Taxes - (Tables)	6 Months Ended
	Sep. 30, 2020
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation	Income tax expense and the effective income tax rate were as follows: Three Months Ended September 30, Six Months Ended September 30, 2020 2019 2020 2019 Income tax expense $ 26,410 $ 19,413 $ 26,311 $ 9,159 Effective income tax rate 20.6 % 20.0 % 21.9 % 13.5 %

Leases and Other Commitments -

Leases and Other Commitments - (Tables)	6 Months Ended
	Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Lease, Cost	Supplemental information for amounts presented in the condensed consolidated statements of cash flows related to operating leases is as follows: Three Months Ended September 30, Six Months Ended September 30, 2020 2019 2020 2019 Non-cash operating activities Operating lease assets obtained in exchange for lease liabilities* $ 3,378 $ 11,715 $ 5,869 $ 28,137 Reductions to operating lease assets for reductions to lease liabilities* (476 ) (2,120 ) (2,413 ) (4,669 ) * Amounts disclosed include non-cash additions or reductions, respectively, resulting from lease remeasurements.

Stock Compensation (Tables)

Stock Compensation (Tables)	6 Months Ended
	Sep. 30, 2020
Share-based Payment Arrangement [Abstract]
Schedule of Nonvested Stock Units Activity	The Company granted Annual RSUs and Annual PSUs under the 2015 SIP, as summarized below: Six Months Ended September 30, 2020 2019 Shares Granted Weighted-average grant date fair value per share Shares Granted Weighted-average grant date fair value per share Annual RSUs 34,211 $ 200.83 38,307 $ 173.65 Annual PSUs — — 19,938 174.36 Total 34,211 $ 200.83 58,245 $ 173.89

Derivative Instruments (Tables)

Derivative Instruments (Tables)	6 Months Ended
	Sep. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	As of September 30, 2020 , the Company had the following derivative contracts recorded at fair value in the condensed consolidated balance sheets : Designated Derivative Contracts Non-Designated Derivative Contracts Total Notional value $ 53,444 $ 18,909 $ 72,353 Fair value recorded in other current assets 243 42 285 Fair value recorded in other accrued expenses 831 — 831
Schedule of Location and Amount of Gains and Losses Related to Derivatives Designated as Hedging Instruments	The following table summarizes the effect of Designated Derivative Contracts and the related income tax effects for unrealized gains or losses recorded in the condensed consolidated statements of comprehensive income for changes in AOCL: Three Months Ended September 30, Six Months Ended September 30, 2020 2019 2020 2019 (Loss) gain recorded in OCI $ (1,173 ) $ 2,190 $ (709 ) $ 1,773 Reclassifications from AOCL into net sales 121 (216 ) 121 (216 ) Income tax benefit (expense) in OCI 252 (477 ) 141 (377 ) Total $ (800 ) $ 1,497 $ (447 ) $ 1,180
Schedule of Location and Amount of Gains and Losses Related to Derivatives Not Designated as Hedging Instruments	The following table summarizes the effect of Non-Designated Derivative Contracts: Three Months Ended September 30, Six Months Ended September 30, 2020 2019 2020 2019 Gain recorded in SG&A expenses $ 42 $ 502 $ 42 $ 146

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Sep. 30, 2020
Stockholders' Equity Note [Abstract]
Components of Accumulated Other Comprehensive Loss	The components within AOCL recorded in the condensed consolidated balance sheets , were as follows: September 30, 2020 March 31, 2020 Unrealized loss on cash flow hedges, net of tax $ (447 ) $ — Cumulative foreign currency translation loss (18,511 ) (25,559 ) Total $ (18,958 ) $ (25,559 )

Basic and Diluted Shares (Table

Basic and Diluted Shares (Tables)	6 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Schedule of Weighted Average Number of Shares	The reconciliation of basic to diluted weighted-average common shares outstanding was as follows: Three Months Ended September 30, Six Months Ended September 30, 2020 2019 2020 2019 Basic 28,046,000 28,483,000 28,024,000 28,785,000 Dilutive effect of equity awards 289,000 222,000 290,000 254,000 Diluted 28,335,000 28,705,000 28,314,000 29,039,000 Excluded* Annual RSUs and Annual PSUs — 54,000 23,000 52,000 LTIP PSUs 153,000 153,000 153,000 153,000 LTIP NQSOs — 170,000 — 170,000 Deferred Non-Employee Director Equity Awards — — 3,000 — * The equity awards excluded from the calculation of the dilutive effect have been 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 deemed issuable based on the Company's performance for the relevant performance period; or (3) the Company recorded a net loss during the period presented (such that inclusion of these equity awards in the calculation would have been anti-dilutive). 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 subject to the achievement of 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, and may be materially lower than the number of shares presented (which could result in a lesser dilutive effect). Refer to Note 8, “Stock-Based Compensation,” in our 2020 Annual Report for further information on previously granted awards under the Company's equity incentive plans.

Reportable Operating Segments (

Reportable Operating Segments (Tables)	6 Months Ended
	Sep. 30, 2020
Segment Reporting [Abstract]
Schedule of Business Segments Information	Reportable operating segment information, with a reconciliation to the condensed consolidated statements of comprehensive income , was as follows: Three Months Ended September 30, Six Months Ended September 30, 2020 2019 2020 2019 Net sales UGG brand wholesale $ 291,994 $ 332,020 $ 335,422 $ 417,420 HOKA brand wholesale 108,117 60,959 178,736 124,965 Teva brand wholesale 17,746 17,091 39,157 47,922 Sanuk brand wholesale 6,085 8,166 13,313 22,773 Other brands wholesale 27,672 25,282 28,307 27,009 Direct-to-Consumer 171,911 98,687 311,759 178,955 Total $ 623,525 $ 542,205 $ 906,694 $ 819,044 Three Months Ended September 30, Six Months Ended September 30, 2020 2019 2020 2019 Income (loss) from operations UGG brand wholesale $ 106,726 $ 135,663 $ 102,991 $ 145,104 HOKA brand wholesale 33,826 14,054 51,061 25,412 Teva brand wholesale 4,762 3,523 8,964 11,839 Sanuk brand wholesale 1,139 238 1,627 2,173 Other brands wholesale 9,869 6,958 8,599 7,090 Direct-to-Consumer 43,284 2,935 74,311 (1,637 ) Unallocated overhead costs (71,002 ) (66,240 ) (126,648 ) (124,267 ) Total $ 128,604 $ 97,131 $ 120,905 $ 65,714 Assets allocated to each reportable operating segment, with a reconciliation to the condensed consolidated balance sheets , were as follows: September 30, 2020 March 31, 2020 Assets UGG brand wholesale $ 565,523 $ 245,239 HOKA brand wholesale 135,038 124,958 Teva brand wholesale 44,424 90,305 Sanuk brand wholesale 38,154 50,314 Other brands wholesale 53,353 21,535 Direct-to-Consumer 240,374 243,489 Total assets from reportable operating segments 1,076,866 775,840 Unallocated cash and cash equivalents 626,414 649,436 Unallocated deferred tax assets, net 27,372 28,233 Unallocated other corporate assets 319,696 311,609 Total $ 2,050,348 $ 1,765,118

Concentration of Business (Tabl

Concentration of Business (Tables)	6 Months Ended
	Sep. 30, 2020
Risks and Uncertainties [Abstract]
Schedule 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: Three Months Ended September 30, Six Months Ended September 30, 2020 2019 2020 2019 International net sales $ 196,113 $ 184,234 $ 294,982 $ 293,778 % of net sales 31.5 % 34.0 % 32.5 % 35.9 % Net sales in foreign currencies $ 156,671 $ 159,059 $ 212,354 $ 218,416 % of net sales 25.1 % 29.3 % 23.4 % 26.7 % Ten largest customers as % of net sales 31.9 % 36.6 % 27.3 % 30.4 %
Schedule of Long-lived Assets	Long-lived assets, which consist of property and equipment, net, recorded in the condensed consolidated balance sheets , were as follows: September 30, 2020 March 31, 2020 US $ 194,185 $ 194,679 Foreign* 13,727 14,358 Total $ 207,912 $ 209,037 * No single foreign country’s property and equipment, net, comprised 10.0% or more of the Company’s total property and equipment, net, as of September 30, 2020 and March 31, 2020 .

General - Narrative (Details)

General - Narrative (Details)	6 Months Ended
	Sep. 30, 2020segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	6

Revenue Recognition - Narrativ

Revenue Recognition - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Mar. 31, 2019
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.
Contract liability	$ 33,793	$ 25,667	$ 19,311	$ 24,787
Minimum
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Payment terms	30 days
Maximum
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Payment terms	60 days
Loyalty Programs
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Contract liability	$ 8,417	$ 6,950

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Contract Assets and Contract Liabilities (Details) - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Contract Asset
Beginning Balance	$ 9,663	$ 10,441
Net additions to sales return allowance	17,984	12,297
Actual returns	(16,386)	(14,763)
Ending Balance	11,261	7,975
Contract Liability
Beginning Balance	(25,667)	(24,787)
Net additions to sales return allowance	(59,811)	(37,604)
Actual returns	51,685	43,080
Ending Balance	$ (33,793)	$ (19,311)

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Mar. 31, 2020
Indefinite-lived intangible assets
Goodwill	$ 13,990	$ 13,990
Trademarks	15,454	15,454
Definite-lived intangible assets
Total gross carrying amount	107,794	106,983
Accumulated amortization	(76,484)	(74,421)
Net definite-lived intangible assets	31,310	32,562
Total other intangible assets, net	46,764	48,016
Total	60,754	62,006
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	$ 52,549	$ 51,738

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 1,265	$ 2,201

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets Schedule of Changes in Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Finite-lived Intangible Assets [Roll Forward]
Intangible assets, net, beginning balance	$ 48,016
Amortization expense	(1,265)	$ (2,201)
Foreign currency translation net gain	13
Intangible assets, net, ending balance	$ 46,764

Fair Value Measurements Schedul

Fair Value Measurements Schedule of Fair Value Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Mar. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-qualified deferred compensation asset	$ 7,889	$ 6,164
Non-qualified deferred compensation liability	(5,490)	(3,756)
Derivative contracts asset	285
Derivative contracts liability	(831)
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-qualified deferred compensation asset	7,889	6,164
Non-qualified deferred compensation liability	(5,490)	$ (3,756)
Designated Derivative Contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative contracts asset	243
Derivative contracts liability	(831)
Designated Derivative Contracts | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative contracts asset	243
Derivative contracts liability	(831)
Non-Designated Derivative Contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative contracts asset	42
Derivative contracts liability	0
Non-Designated Derivative Contracts | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative contracts asset	$ 42

Fair Value Measurements Narrati

Fair Value Measurements Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Mar. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-qualified deferred compensation asset	$ 7,889	$ 6,164
Non-qualified deferred compensation liability	5,490	$ 3,756
Other Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-qualified deferred compensation asset	7,889
Other Accrued Liabilities, Current
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Current deferred compensation liability	715
Other Long Term Liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Noncurrent deferred compensation liability	$ 4,775

Income Taxes - Effective Income

Income Taxes - Effective Income Tax Rate (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Income tax expense	$ 26,410	$ 19,413	$ 26,311	$ 9,159
Effective income tax rate	20.60%	20.00%	21.90%	13.50%

Income Taxes - Narrative (Deta

Income Taxes - Narrative (Details) $ in Thousands	6 Months Ended
	Sep. 30, 2020USD ($)
Income Tax Disclosure [Abstract]
Increase in unrecognized tax benefits	$ 577
Unrecognized tax benefits and penalties and interest	$ 18,215

Revolving Credit Facilities a_2

Revolving Credit Facilities and Mortgage Payable - Primary Credit Facility (Details) - Primary Credit Facility - Line of Credit - Revolving Credit Facility - USD ($)	1 Months Ended	6 Months Ended
	Sep. 30, 2018	Sep. 30, 2020
Notes Payable and Long-Term Debt
Debt instrument term	5 years
Maximum borrowing capacity	$ 400,000,000
Proceeds from lines of credit		$ 0
Repayments of lines of credit		0
Long-term line of credit		0
Outstanding letters of credit		549,000
Amount available under the credit agreement		$ 399,451,000
LIBOR based interest rates
Notes Payable and Long-Term Debt
Interest rate, effective percentage		1.27%
Alternate Base Rate based interest rates
Notes Payable and Long-Term Debt
Interest rate, effective percentage		3.38%
Maximum
Notes Payable and Long-Term Debt
Capacity available for letters of credit	$ 25,000,000

Revolving Credit Facilities a_3

Revolving Credit Facilities and Mortgage Payable - China Line of Credit (Details) - Line of Credit - Revolving Credit Facility	1 Months Ended	6 Months Ended
	Aug. 31, 2013CNY (¥)	Sep. 30, 2020USD ($)	Aug. 31, 2013USD ($)
Second Amended China Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	¥ 300,000,000		$ 44,083,000
Interest rate, effective percentage		4.45%
Proceeds from lines of credit		$ 9,311,000
Repayments of lines of credit		0
Long-term line of credit		9,311,000
Outstanding bank guarantees		29,000
Amount available under the credit agreement		$ 34,743,000
Second Amended China Credit Facility, Overdraft Sublimit
Debt Instrument [Line Items]
Line of credit facility overdraft facility sublimit	¥ 100,000,000		$ 14,694,000
China Credit Agreement
Debt Instrument [Line Items]
Guarantor obligation	108.50%
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) - Revolving Credit Facility - Line of Credit - Japan Credit Facility	1 Months Ended	6 Months Ended
	Mar. 31, 2016JPY (¥)	Sep. 30, 2020USD ($)	Mar. 31, 2016USD ($)
Notes Payable and Long-Term Debt
Maximum borrowing capacity	¥ 3,000,000,000		$ 28,412,000
Proceeds from lines of credit		$ 0
Repayments of lines of credit		0
Long-term line of credit		0
Amount available under the credit agreement		$ 28,412,000
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		0.46%

Revolving Credit Facilities a_5

Revolving Credit Facilities and Mortgage Payable - Mortgage (Details) - USD ($) $ in Thousands	1 Months Ended
	Jul. 31, 2014	Sep. 30, 2020	Mar. 31, 2020
Debt Instrument [Line Items]
Short-term borrowings		$ 9,965	$ 638
Mortgage payable		29,938	$ 30,263
Mortgages
Debt Instrument [Line Items]
Debt instrument face amount	$ 33,931
Long-term debt gross		30,592
Short-term borrowings		654
Mortgage payable		$ 29,938
Fixed interest rate	4.928%
Debt amortization period	30 years
Balloon payment to be paid	$ 23,695

Leases and Other Commitments _2

Leases and Other Commitments - Leases Narrative (Details)	Sep. 30, 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 Supplemental Lease Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Operating lease assets obtained in exchange for lease liabilities	$ 3,378	$ 11,715	$ 5,869	$ 28,137
Reductions to operating lease assets for reductions to lease liabilities	$ (476)	$ (2,120)	$ (2,413)	$ (4,669)

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - Stock Incentive Plan 2015 - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted (in shares)	0
LTIP Performance Based PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)	0
Stock Appreciation Rights
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)	0
Annual RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)	34,211	38,307
Award vesting period (in years)	3 years
Annual PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)	0	19,938
Award vesting period (in years)	3 years
Annual RSUs and Annual PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)	34,211	58,245
Unrecognized stock compensation expense	$ 11,219

Stock-Based Compensation - Annu

Stock-Based Compensation - Annual Awards (Details) - Stock Incentive Plan 2015 - $ / shares	6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Annual RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	34,211	38,307
Weighted-average grant date fair value (in dollars per share)	$ 200.83	$ 173.65
Annual PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	0	19,938
Weighted-average grant date fair value (in dollars per share)	$ 0	$ 174.36
Annual RSUs and Annual PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	34,211	58,245
Weighted-average grant date fair value (in dollars per share)	$ 200.83	$ 173.89

Derivative Instruments (Details

Derivative Instruments (Details)	3 Months Ended		6 Months Ended
	Sep. 30, 2020USD ($)counterparty	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)counterparty	Sep. 30, 2019USD ($)	Mar. 31, 2020USD ($)
Foreign currency exchange contracts and hedging
Notional value	$ 72,353,000		$ 72,353,000		$ 0
Fair value recorded in other current assets	285,000		285,000
Fair value recorded in other accrued expenses	$ 831,000		$ 831,000
Number of counterparties in derivative contracts | counterparty	4		4
Maturity of foreign currency derivatives			6 months
(Loss) gain recorded in OCI	$ (1,173,000)	$ 2,190,000	$ (709,000)	$ 1,773,000
Reclassifications from AOCL into net sales	121,000	(216,000)	121,000	(216,000)
Income tax benefit (expense) in OCI	252,000	(477,000)	141,000	(377,000)
Unrealized gain (loss) on cash flow hedges, net of tax	(800,000)	1,497,000	(447,000)	1,180,000
Gain recorded in SG&A expenses	42,000	$ 502,000	42,000	$ 146,000
Designated Derivative Contracts
Foreign currency exchange contracts and hedging
Notional value	53,444,000		53,444,000
Fair value recorded in other current assets	243,000		243,000
Fair value recorded in other accrued expenses	831,000		831,000
Non-Designated Derivative Contracts
Foreign currency exchange contracts and hedging
Notional value	18,909,000		18,909,000
Fair value recorded in other current assets	42,000		42,000
Fair value recorded in other accrued expenses	$ 0		$ 0

Stockholders' Equity - Repurcha

Stockholders' Equity - Repurchase Programs (Details) $ in Thousands	6 Months Ended
	Sep. 30, 2020USD ($)shares
Stockholders' Equity Note [Abstract]
Total number of shares repurchased (in shares) | shares	0
Dollar value of shares remaining for repurchase | $	$ 159,807

Stockholders' Equity - Accumul

Stockholders' Equity - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Mar. 31, 2020
Stockholders' Equity Note [Abstract]
Unrealized loss on cash flow hedges, net of tax	$ (447)	$ 0
Cumulative foreign currency translation loss	(18,511)	(25,559)
Total	$ (18,958)	$ (25,559)

Basic and Diluted Shares (Detai

Basic and Diluted Shares (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted average number of basic shares outstanding (in shares)	28,046	28,483	28,024	28,785
Weighted average number shares outstanding, dilutive effect of equity awards (in shares)	289	222	290	254
Weighted average number of diluted shares outstanding (in shares)	28,335	28,705	28,314	29,039
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)	0	54	23	52
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	153	153	153
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	0	170
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	0	3	0

Reportable Operating Segments_2

Reportable Operating Segments (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)segment	Sep. 30, 2019USD ($)	Mar. 31, 2020USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment			6
Net sales	$ 623,525	$ 542,205	$ 906,694	$ 819,044
(Loss) income from operations	128,604	97,131	120,905	65,714
Total assets	2,050,348		2,050,348		$ 1,765,118
Unallocated cash and cash equivalents	626,414		626,414		649,436
Unallocated deferred tax assets, net	27,372		27,372		28,233
Reportable segments
Segment Reporting Information [Line Items]
Total assets	1,076,866		1,076,866		775,840
Reportable segments | UGG brand wholesale
Segment Reporting Information [Line Items]
Total assets	565,523		565,523		245,239
Reportable segments | HOKA brand wholesale
Segment Reporting Information [Line Items]
Total assets	135,038		135,038		124,958
Reportable segments | Teva brand wholesale
Segment Reporting Information [Line Items]
Total assets	44,424		44,424		90,305
Reportable segments | Sanuk brand wholesale
Segment Reporting Information [Line Items]
Total assets	38,154		38,154		50,314
Reportable segments | Other brands wholesale
Segment Reporting Information [Line Items]
Total assets	53,353		53,353		21,535
Reportable segments | Direct-to-Consumer
Segment Reporting Information [Line Items]
Total assets	240,374		240,374		243,489
Segment reconciling items
Segment Reporting Information [Line Items]
(Loss) income from operations	(71,002)	(66,240)	(126,648)	(124,267)
Unallocated other corporate assets	319,696		319,696		$ 311,609
Wholesale | UGG brand wholesale
Segment Reporting Information [Line Items]
Net sales	291,994	332,020	335,422	417,420
Wholesale | HOKA brand wholesale
Segment Reporting Information [Line Items]
Net sales	108,117	60,959	178,736	124,965
Wholesale | Teva brand wholesale
Segment Reporting Information [Line Items]
Net sales	17,746	17,091	39,157	47,922
Wholesale | Sanuk brand wholesale
Segment Reporting Information [Line Items]
Net sales	6,085	8,166	13,313	22,773
Wholesale | Other brands wholesale
Segment Reporting Information [Line Items]
Net sales	27,672	25,282	28,307	27,009
Wholesale | Reportable segments | UGG brand wholesale
Segment Reporting Information [Line Items]
(Loss) income from operations	106,726	135,663	102,991	145,104
Wholesale | Reportable segments | HOKA brand wholesale
Segment Reporting Information [Line Items]
(Loss) income from operations	33,826	14,054	51,061	25,412
Wholesale | Reportable segments | Teva brand wholesale
Segment Reporting Information [Line Items]
(Loss) income from operations	4,762	3,523	8,964	11,839
Wholesale | Reportable segments | Sanuk brand wholesale
Segment Reporting Information [Line Items]
(Loss) income from operations	1,139	238	1,627	2,173
Wholesale | Reportable segments | Other brands wholesale
Segment Reporting Information [Line Items]
(Loss) income from operations	9,869	6,958	8,599	7,090
Directly to Consumer | Direct-to-Consumer
Segment Reporting Information [Line Items]
Net sales	171,911	98,687	311,759	178,955
Directly to Consumer | Reportable segments | Direct-to-Consumer
Segment Reporting Information [Line Items]
(Loss) income from operations	$ 43,284	$ 2,935	$ 74,311	$ (1,637)

Concentration of Business (Deta

Concentration of Business (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2020USD ($)tannery	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)tannery	Sep. 30, 2019USD ($)	Mar. 31, 2020USD ($)
Concentration Risk [Line Items]
Net sales	$ 623,525	$ 542,205	$ 906,694	$ 819,044
Number of tanneries | tannery	2		2
Long-lived assets	$ 207,912		$ 207,912		$ 209,037
Sales Revenue, Net | International net sales
Concentration Risk [Line Items]
Net sales	$ 196,113	$ 184,234	$ 294,982	$ 293,778
Concentration risk	31.50%	34.00%	32.50%	35.90%
Sales Revenue, Net | Net sales in foreign currencies
Concentration Risk [Line Items]
Net sales	$ 156,671	$ 159,059	$ 212,354	$ 218,416
Concentration risk	25.10%	29.30%	23.40%	26.70%
Sales Revenue, Net | Customer Concentration Risk
Concentration Risk [Line Items]
Concentration risk	31.90%	36.60%	27.30%	30.40%
US
Concentration Risk [Line Items]
Long-lived assets	$ 194,185		$ 194,185		194,679
Foreign
Concentration Risk [Line Items]
Long-lived assets	$ 13,727		$ 13,727		$ 14,358