Deckers Outdoor (DECK) 10-Q 5 Aug 21 2022 Q1 Quarterly report Financial data

COVER PAGE

COVER PAGE - shares	3 Months Ended
	Jun. 30, 2021	Jul. 29, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
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)		27,662,787
Entity Central Index Key	0000910521
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--03-31

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Jun. 30, 2021	Mar. 31, 2021
ASSETS
Cash and cash equivalents	$ 956,712	$ 1,089,361
Trade accounts receivable, net of allowances ($20,478 and $26,516 as of June 30, 2021 and March 31, 2021, respectively)	218,807	215,718
Inventories, net of reserves ($19,441 and $19,632 as of June 30, 2021 and March 31, 2021, respectively)	457,704	278,242
Prepaid expenses	28,048	16,924
Other current assets	61,089	44,244
Income tax receivable	3,838	6,310
Total current assets	1,726,198	1,650,799
Property and equipment, net of accumulated depreciation ($274,669 and $266,905 as of June 30, 2021 and March 31, 2021, respectively)	222,348	206,210
Operating lease assets	189,869	186,991
Goodwill	13,990	13,990
Other intangible assets, net of accumulated amortization ($78,199 and $77,473 as of June 30, 2021 and March 31, 2021, respectively)	41,383	41,945
Deferred tax assets, net	40,817	37,194
Other assets	56,650	30,576
Total assets	2,291,255	2,167,705
LIABILITIES AND STOCKHOLDERS' EQUITY
Trade accounts payable	393,635	231,632
Accrued payroll	41,066	79,152
Operating lease liabilities	46,279	46,768
Other accrued expenses	73,138	68,995
Income taxes payable	40,967	36,920
Value added tax payable	5,448	4,901
Total current liabilities	600,533	468,368
Long-term operating lease liabilities	185,777	176,274
Income tax liability	60,533	60,094
Other long-term liabilities	25,425	18,744
Total long-term liabilities	271,735	255,112
Commitments and contingencies (Note 6)
Stockholders' equity
Common stock ($0.01 par value; 125,000 shares authorized; shares issued and outstanding of 27,663 and 27,910 as of June 30, 2021 and March 31, 2021, respectively)	277	279
Additional paid-in capital	208,763	203,310
Retained earnings	1,223,339	1,257,379
Accumulated other comprehensive loss	(13,392)	(16,743)
Total stockholders' equity	1,418,987	1,444,225
Total liabilities and stockholders' equity	$ 2,291,255	$ 2,167,705

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2021	Mar. 31, 2021
Statement of Financial Position [Abstract]
Trade accounts receivable, allowances	$ 20,478	$ 26,516
Inventories, reserves	19,441	19,632
Accumulated depreciation	274,669	266,905
Accumulated amortization	$ 78,199	$ 77,473
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized shares (in shares)	125,000,000	125,000,000
Common stock, issued shares (in shares)	27,663,000	27,910,000
Common stock, outstanding shares (in shares)	27,663,000	27,910,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Income Statement [Abstract]
Net sales	$ 504,678	$ 283,169
Cost of sales	244,175	140,603
Gross profit	260,503	142,566
Selling, general, and administrative expenses	198,671	150,265
Income (loss) from operations	61,832	(7,699)
Interest income	(482)	(674)
Interest expense	896	1,190
Other income, net	(233)	(143)
Total other expense, net	181	373
Income (loss) before income taxes	61,651	(8,072)
Income tax expense (benefit)	13,527	(99)
Net income (loss)	48,124	(7,973)
Other comprehensive income (loss)
Unrealized gain on cash flow hedges, net of tax	1,458	353
Foreign currency translation gain	1,893	653
Total other comprehensive income	3,351	1,006
Comprehensive income (loss)	$ 51,475	$ (6,967)
Net income (loss) per share
Basic (in dollars per share)	$ 1.73	$ (0.28)
Diluted (in dollars per share)	$ 1.71	$ (0.28)
Weighted-average common shares outstanding
Basic (in shares)	27,813	28,001
Diluted (in shares)	28,062	28,001

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
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
Exercise of stock options (in shares)		4,000
Exercise of stock options	247	$ 0	247
Shares withheld for taxes	(90)		(90)
Net income (loss)	(7,973)			(7,973)
Total other comprehensive income	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, 2021		27,910,000
Beginning balance at Mar. 31, 2021	1,444,225	$ 279	203,310	1,257,379	(16,743)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation (in shares)		1,000
Stock-based compensation	5,469		5,469
Exercise of stock options (in shares)		1,000
Exercise of stock options	69		69
Shares withheld for taxes	$ (85)		(85)
Repurchases of common stock (in shares)	(249,331)	(249,000)
Repurchases of common stock	$ (82,166)	$ (2)		(82,164)
Net income (loss)	48,124			48,124
Total other comprehensive income	3,351				3,351
Ending balance (in shares) at Jun. 30, 2021		27,663,000
Ending balance at Jun. 30, 2021	$ 1,418,987	$ 277	$ 208,763	$ 1,223,339	$ (13,392)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
OPERATING ACTIVITIES
Net income (loss)	$ 48,124	$ (7,973)
Reconciliation of net income (loss) to net cash (used in) provided by operating activities:
Depreciation, amortization, and accretion	9,971	9,276
Amortization on cloud computing arrangements	377	84
Bad debt (benefit) expense	(2,454)	2,664
Deferred tax benefit	(4,002)	(14)
Stock-based compensation	5,558	3,687
Loss (gain) on disposal of long lived assets	5	(22)
Impairment of operating lease assets and other long-lived assets	0	2,680
Gain on settlement of asset retirement obligations	(10)	(38)
Changes in operating assets and liabilities:
Trade accounts receivable, net	(633)	47,709
Inventories, net	(179,463)	(123,355)
Prepaid expenses and other current assets	(25,375)	(2,895)
Income tax receivable	2,472	(6,852)
Net operating lease assets and liabilities	6,645	(1,051)
Other assets	(26,451)	(1,357)
Trade accounts payable	152,144	106,203
Other accrued expenses	(34,418)	(12,091)
Income taxes payable	4,048	1,558
Other long-term liabilities	7,130	2,956
Net cash (used in) provided by operating activities	(36,332)	21,169
INVESTING ACTIVITIES
Purchases of property and equipment	(15,515)	(9,253)
Proceeds from sales of property and equipment	0	41
Net cash used in investing activities	(15,515)	(9,212)
FINANCING ACTIVITIES
Proceeds from exercise of stock options	69	247
Repurchases of common stock	(82,166)	0
Cash paid for shares withheld for taxes	(85)	(90)
Repayments of mortgage principal	0	(154)
Net cash (used in) provided by financing activities	(82,182)	3
Effect of foreign currency exchange rates on cash and cash equivalents	1,380	545
Net change in cash and cash equivalents	(132,649)	12,505
Cash and cash equivalents at beginning of period	1,089,361	649,436
Cash and cash equivalents at end of period	956,712	661,941
Cash paid during the period
Income taxes, net of refunds of $0 and $797, as of June 30, 2021 and 2020, respectively	10,811	4,216
Interest	493	756
Operating leases	14,055	14,185
Non-cash investing activities
Accrued for purchases of property and equipment	2,510	514
Accrued for asset retirement obligations	3,288	0
Leasehold improvements acquired through tenant allowances	$ 4,061	$ 0

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Statement of Cash Flows [Abstract]
Income tax refunds	$ 0	$ 797

General

General	3 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
General	General The Company. Deckers Outdoor Corporation and its wholly owned subsidiaries (collectively, the Company) are global leaders in designing, marketing, and distributing innovative footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. As part of its omni-channel platform, the Company's proprietary brands are aligned across its Fashion Lifestyle group, which includes the UGG and Koolaburra brands, and Performance Lifestyle group, which includes the HOKA, Teva, and Sanuk brands. The Company sells its products through domestic and international retailers, international distributors, and directly to its global consumers through its Direct-to-Consumer (DTC) business, which is comprised of its retail stores and e‑commerce websites. Independent third-party contractors manufacture all of the Company's products. A significant part of the Company's business is seasonal, requiring it to build inventory levels during certain quarters in its fiscal year to support higher selling seasons, which contributes to 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 June 30, 2021 and for the three months ended June 30, 2021 and 2020 were prepared in accordance with generally accepted accounting principles in the United States (US GAAP) for interim financial information pursuant to Rule 10-01 of Regulation S-X issued by the SEC. Accordingly, the condensed consolidated financial statements 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, 2021 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 actual 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, 2021, which was filed with the SEC on May 28, 2021 (2021 Annual Report). Consolidation. The condensed consolidated financial statements include the accounts of Deckers Outdoor Corporation and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. Reclassifications . Certain amounts from prior periods presented in the condensed consolidated statements of cash flows have been reclassified within net cash (used in) provided by operating activities to conform to the current period presentation, which had no net effect on our cash flows from operating activities. The prior periods presented generally include reclassifications between the following: Other long-term liabilities to Gain on settlement of asset retirement obligations and from Other assets to Amortization on cloud computing arrangements. 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. To the extent there are differences between these estimates and actual results, the Company's condensed consolidated financial statements may be materially affected. 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, such as allowances for doubtful accounts, sales discounts, and chargebacks; estimated sales return liability; contract assets and liabilities; inventory valuations and related reserves; stock-based compensation; impairment assessments, including valuations for goodwill, other intangible assets, and long-lived assets, as well as operating lease assets and liabilities; 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. 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 (collectively, the Company's reportable operating segments). Refer to Note 11, “Reportable Operating Segments,” for further information on the Company's reportable operating segments. Recent Accounting Pronouncements. The Financial Accounting Standards Board has issued Accounting Standard Updates (ASUs) that have been recently adopted and not yet adopted by the Company for its annual and interim reporting periods, as stated below. Recently Adopted. The ASU adopted during the three months ended June 30, 2021 and the impact on the Company upon its adoption was as follows: Standard Description Impact Upon 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, and reduces complexity in certain areas, including recognizing deferred taxes for tax goodwill and allocating taxes to members of a consolidated group. The Company adopted this ASU on a retrospective basis beginning April 1, 2021 and concluded that this ASU did not have a material impact on its condensed consolidated financial statements. Not Yet Adopted. The applicable ASU issued that has not yet been adopted by the Company, as well as the planned period of adoption and the expected impact on the Company upon its adoption, is as follows: Standard Description Planned Period of Adoption Expected Impact Upon Adoption ASU No. 2020-04, Reference Rate Reform: Facilitation of the Effects of Reference Rate Reform on Financial Reporting (as amended by ASU 2021-01) 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; however, the Company does not expect that the adoption will have a material impact on its condensed consolidated financial statements.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Jun. 30, 2021
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. Variable Consideration. Components of variable consideration include estimated sales discounts, markdowns or chargebacks, and sales returns. Estimates for variable consideration are based on the amounts earned or estimates to be claimed as an adjustment to sales. Estimated variable consideration is included in the transaction price to the extent 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 to 60 days. Sales Return Liability. Reserves are recorded for anticipated future returns of goods shipped prior to the end of the reporting period. In general, the Company accepts returns for damaged or defective products for up to one year. The Company also has a policy whereby returns are generally accepted from customers between 30 to 90 days from the point of sale for cash or credit. Amounts of these reserves are based on known and actual returns, historical returns, and any recent events that could result in a change from historical return rates. Activity during the three months ended June 30, 2021 related to estimated sales returns was as follows: Recovery Asset Refund Liability Balance, March 31, 2021 $ 10,704 $ (37,717) Net additions to sales return allowance* 5,803 (20,896) Actual returns (6,750) 27,883 Balance, June 30, 2021 $ 9,757 $ (30,730) Activity during the three months ended June 30, 2020 related to estimated sales returns was as follows: Recovery Asset Refund Liability Balance, March 31, 2020 $ 9,663 $ (25,667) Net additions to sales return allowance* 8,553 (25,782) Actual returns (7,801) 23,573 Balance, June 30, 2020 $ 10,415 $ (27,876) * Net additions to the sales return liability include a provision for anticipated sales returns, which consists of both contractual return rights and discretionary authorized returns. 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. Loyalty Programs . The Company has a consumer loyalty program for the UGG brand in its DTC channel where consumers can earn rewards from qualifying purchases or activities. As of June 30, 2021 and March 31, 2021, the Company's contract liability for loyalty programs was $11,111 and $12,231, respectively. Deferred Revenue . Deferred revenue results when customer cash payments are received prior to transfer of control of ordered product, which occurs either when shipped or delivered in accordance with the contractual terms. These cash payments include amounts which are refundable. The Company typically ships or delivers product and recognizes deferred revenue into net sales in its wholesale channel within 90 days of customer prepayment. As of June 30, 2021 and March 31, 2021, the Company's contract liability for deferred revenue was $18,309 and $5,425, respectively. Refer to Note 11, “Reportable Operating Segments,” for further information on the Company's disaggregation of revenue by reportable operating segment.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Jun. 30, 2021
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, 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 measured on a recurring basis at fair value in the condensed consolidated balance sheets are as follows: Measured Using June 30, 2021 Level 1 Level 2 Level 3 Non-qualified deferred compensation asset $ 9,659 $ 9,659 $ — $ — Non-qualified deferred compensation liability (9,670) (9,670) — — Designated Derivative Contracts asset 1,924 — 1,924 — Non-Designated Derivative Contracts asset 335 — 335 — Measured Using March 31, 2021 Level 1 Level 2 Level 3 Non-qualified deferred compensation asset $ 9,107 $ 9,107 $ — $ — Non-qualified deferred compensation liability (6,692) (6,692) — — 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 June 30, 2021, the non-qualified deferred compensation asset of $9,659 was recorded in other assets in the condensed consolidated balance sheets. As of June 30, 2021, the non-qualified deferred compensation liability of $9,670 was recorded in the condensed consolidated balance sheets, with $758 in other accrued expenses and $8,912 in other long-term liabilities. The fair value of foreign currency forward or option contracts are determined using quoted forward spot rates at the end of the applicable reporting period from counterparties, which are corroborated by market-based pricing (Level 2). 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 8, “Derivative Instruments,” for further information, including definitions of the terms Designated Derivative Contracts and Non-Designated Derivative Contracts.

Income Taxes

Income Taxes	3 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax expense (benefit) and the effective income tax rate were as follows: Three Months Ended June 30, 2021 2020 Income tax expense (benefit) $ 13,527 $ (99) Effective income tax rate 21.9 % 1.2 % The tax provisions during the three months ended June 30, 2021 and 2020 were computed using the estimated effective income tax rate applicable to each of the domestic and foreign taxable jurisdictions for the fiscal year ending March 31, 2022 and were adjusted for discrete items that occurred within the periods presented above. During the three months ended June 30, 2021, the increase in the effective income tax rate, compared to the prior period, was primarily due to higher income from operations as well as changes in the jurisdictional mix of worldwide income before income taxes forecasted for the fiscal year ending March 31, 2022, compared to the prior period, which recognized a tax benefit due to an operating loss.

Revolving Credit Facilities

Revolving Credit Facilities	3 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Revolving Credit Facilities	Revolving Credit Facilities Primary Credit Facility. In September 2018, the Company entered into a credit agreement (Primary Credit Facility) that provides for a five-year, $400,000 unsecured revolving 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 June 30, 2021, the effective interest rates for US dollar LIBOR and ABR were 1.23% and 3.38%, respectively. During the three months ended June 30, 2021, the Company made no borrowings or repayments under the Primary Credit Facility. As of June 30, 2021, 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 CNY300,000, or $46,434, with an overdraft facility sublimit of CNY100,000, or $15,478. 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 June 30, 2021, the effective interest rate was 4.15%. During the three months ended June 30, 2021, the Company made no borrowings and repayments under the China Credit Facility. As of June 30, 2021, the Company had no outstanding balance, outstanding bank guarantees of $31, and available borrowings of $46,403 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 JPY3,000,000, or $27,088, 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 June 30, 2021, the effective interest rate was 0.49%. During the three months ended June 30, 2021, the Company made no borrowings or repayments under the Japan Credit Facility. As of June 30, 2021, the Company had no outstanding balance and available borrowings of $27,088 under the Japan Credit Facility. Debt Covenants. As of June 30, 2021, the Company was in compliance with all financial covenants under the credit facilities.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies 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 between one Supplemental information for amounts presented in the condensed consolidated statements of cash flows related to operating leases, was as follows: Three Months Ended June 30, 2021 2020 Non-cash operating activities Operating lease assets obtained in exchange for lease liabilities* $ 13,364 $ 2,491 Reductions to operating lease assets for reductions to lease liabilities* (381) (1,937) *Amounts disclosed include non-cash additions or reductions 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 will not, individually or in the aggregate, have a material adverse effect on it business, results of operations, financial condition, or cash flows. However, regardless of the outcome, litigation can have an adverse impact on the Company because of legal costs, diversion of management time and resources, and other factors.
Commitments and Contingencies	Commitments and Contingencies 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 between one Supplemental information for amounts presented in the condensed consolidated statements of cash flows related to operating leases, was as follows: Three Months Ended June 30, 2021 2020 Non-cash operating activities Operating lease assets obtained in exchange for lease liabilities* $ 13,364 $ 2,491 Reductions to operating lease assets for reductions to lease liabilities* (381) (1,937) *Amounts disclosed include non-cash additions or reductions 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 will not, individually or in the aggregate, have a material adverse effect on it business, results of operations, financial condition, or cash flows. However, regardless of the outcome, litigation can have an adverse impact on the Company because of legal costs, diversion of management time and resources, and other factors.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Jun. 30, 2021
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 key personnel, including employees and directors. During the three months ended June 30, 2021, except for the Annual RSU grant activity summarized below, no additional awards were granted under the 2015 SIP. Annual Awards. The Company granted annual awards under the 2015 SIP, as recorded in the condensed consolidated statements of comprehensive income, as summarized below: Three Months Ended June 30, 2021 2020 Shares Granted Weighted-average grant date fair value per share Shares Granted Weighted-average grant date fair value per share Annual RSUs 4,073 $ 335.87 33,895 $ 200.71 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 June 30, 2021 was $8,439. Subsequent to June 30, 2021 through July 29, 2021, the Company granted 31,360 Annual RSUs under the 2015 SIP, with vesting conditions as described above, at a weighted-average grant date fair value of $389.86 per share. Long-Term Incentive Plan Awards. Future unrecognized stock-based compensation expense for the target level of LTIP PSUs outstanding as of June 30, 2021, including the 19,890 2021 LTIP PSUs issued in March 2021 and the 38,174 2020 LTIP PSUs issued in September 2019, was $13,574 . three

Derivative Instruments

Derivative Instruments	3 Months Ended
	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments The Company may enter into foreign currency forward or option contracts (derivative contracts), generally with maturities of 15 months or less, 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 June 30, 2021, the Company had the following derivative contracts recorded at fair value in the condensed consolidated balance sheets: Designated Non-Designated Derivative Contracts Total Notional value $ 103,488 $ 16,464 $ 119,952 Fair value recorded in other current assets 1,924 335 2,259 As of June 30, 2021, the Company's outstanding derivative contracts were held by an aggregate of four counterparties, all with various maturity dates within the next nine months. As of March 31, 2021, the Company had no outstanding derivative contracts. The following table summarizes the effect of Designated Derivative Contracts and the related income tax effects recorded in the condensed consolidated statements of comprehensive income for changes in AOCL: Three Months Ended June 30, 2021 2020 Gain recorded in Other comprehensive income $ 1,924 $ 464 Income tax expense in Other comprehensive income (466) (111) Total $ 1,458 $ 353 The following table summarizes the effect of Non-Designated Derivative Contracts: Three Months Ended June 30, 2021 2020 Gain recorded in SG&A expenses $ 335 $ — 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 June 30, 2021, the amount of unrealized gains on derivative contracts recorded in AOCL is expected to be reclassified into net sales within the next nine months. Refer to Note 9, “Stockholders' Equity,” for further information on the components of AOCL. Subsequent to June 30, 2021 through July 29, 2021, the Company entered into Designated and Non-Designated Derivative Contracts measured at fair value with notional values totaling $6,942 and $11,930, respectively, which are collectively expected to mature within the next nine months. As of July 29, 2021, the Company’s outstanding hedging contracts were held by an aggregate of four counterparties.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Jun. 30, 2021
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, and, during April 2021, approved an additional authorization of $750,000 to repurchase the Company's common stock under the same conditions as the prior stock repurchase program (collectively, stock repurchase programs). 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. As of June 30, 2021, the aggregate remaining approved amount under the Company's stock repurchase programs was $728,495. Stock repurchase activity under these programs for the three months ended June 30, 2021 was as follows: Amounts Total number of shares repurchased* 249,331 Average price paid per share $ 329.55 Dollar value of shares repurchased $ 82,166 * Any share repurchases are made as part of publicly announced programs in open-market transactions. Accumulated Other Comprehensive Loss. The components within AOCL recorded in the condensed consolidated balance sheets are as follows: June 30, 2021 March 31, 2021 Unrealized gain on cash flow hedges, net of tax $ 1,458 $ — Cumulative foreign currency translation loss (14,850) (16,743) Total $ (13,392) $ (16,743)

Basic and Diluted Shares

Basic and Diluted Shares	3 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Basic and Diluted Shares	Basic and Diluted Shares The reconciliation of basic to diluted weighted-average common shares outstanding is as follows: Three Months Ended June 30, 2021 2020 Basic 27,813,000 28,001,000 Dilutive effect of equity awards 249,000 — Diluted 28,062,000 28,001,000 Excluded Annual RSUs and Annual PSUs — 194,000 LTIP PSUs 104,000 153,000 LTIP NQSOs — 299,000 Deferred Non-Employee Director Equity Awards — 5,000

Reportable Operating Segments

Reportable Operating Segments	3 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
Reportable Operating Segments	Reportable Operating Segments Information reported to the Chief Operating Decision Maker (CODM), who is the Company's Chief Executive Officer (CEO), President, and 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 the Company's warehouse and distribution centers (DC), certain executive and stock-based compensation, accounting, finance, legal, information technology, human resources, and facilities, among others. Inter-segment sales between the Company’s wholesale and the DTC reportable operating segments are at the Company’s cost, and there is no inter-segment net sales nor income (loss) from operations within the respective reportable operating segments results as these transactions are eliminated in consolidation. Reportable operating segment information, with a reconciliation to the condensed consolidated statements of comprehensive income, was as follows: Three Months Ended June 30, 2021 2020 Net sales UGG brand wholesale $ 135,056 $ 43,428 HOKA brand wholesale 151,147 70,619 Teva brand wholesale 43,359 21,411 Sanuk brand wholesale 10,382 7,228 Other brands wholesale 4,306 635 Direct-to-Consumer 160,428 139,848 Total $ 504,678 $ 283,169 Three Months Ended June 30, 2021 2020 Income (loss) from operations UGG brand wholesale $ 35,838 $ (3,735) HOKA brand wholesale 46,363 17,235 Teva brand wholesale 14,503 4,202 Sanuk brand wholesale 3,404 488 Other brands wholesale 2,707 (1,270) Direct-to-Consumer 39,683 31,027 Unallocated overhead costs (80,666) (55,646) Total $ 61,832 $ (7,699) 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, are as follows: June 30, 2021 March 31, 2021 Assets UGG brand wholesale $ 409,027 $ 212,277 HOKA brand wholesale 176,098 168,365 Teva brand wholesale 62,270 87,284 Sanuk brand wholesale 37,117 38,311 Other brands wholesale 25,810 18,732 Direct-to-Consumer 192,831 196,091 Total assets from reportable operating segments 903,153 721,060 June 30, 2021 March 31, 2021 Unallocated cash and cash equivalents 956,712 1,089,361 Unallocated deferred tax assets, net 40,817 37,194 Unallocated other corporate assets 390,573 320,090 Total $ 2,291,255 $ 2,167,705

Concentration of Business

Concentration of Business	3 Months Ended
	Jun. 30, 2021
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 June 30, 2021 2020 International net sales $ 168,619 $ 98,869 % of net sales 33.4 % 34.9 % Net sales in foreign currencies $ 89,433 $ 55,683 % of net sales 17.7 % 19.7 % Ten largest customers as % of net sales 26.5 % 22.1 % For the three months ended June 30, 2021 and 2020, no single foreign country comprised 10.0% or more of the Company's total net sales. No single customer accounted for 10.0% or more of the Company's net sales during the three months ended June 30, 2021, compared to one customer that was 10.7% of the Company's net sales during the three months ended June 30, 2020. The Company sells its products to customers for trade accounts receivable and, as of June 30, 2021 and March 31, 2021, had one customer that was 14.0% and 12.8%, respectively, of trade accounts receivable, net. Management performs regular evaluations concerning the ability of the Company’s customers to satisfy their obligations to the Company and recognizes an allowance for doubtful accounts based on these evaluations. Suppliers. The Company's production is concentrated at a limited number of independent manufacturing factories, primarily in Asia. Sheepskin is the principal raw material for certain UGG brand products and most of the Company's sheepskin is purchased from two tanneries in China, which is sourced primarily from Australia and the United Kingdom (UK). 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, are as follows: June 30, 2021 March 31, 2021 US $ 211,429 $ 194,833 Foreign* 10,919 11,377 Total $ 222,348 $ 206,210 *No single foreign country’s property and equipment, net, represented 10.0% or more of the Company’s total property and equipment, net, as of June 30, 2021 and March 31, 2021.

General (Policies)

General (Policies)	3 Months Ended
	Jun. 30, 2021
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 June 30, 2021 and for the three months ended June 30, 2021 and 2020 were prepared in accordance with generally accepted accounting principles in the United States (US GAAP) for interim financial information pursuant to Rule 10-01 of Regulation S-X issued by the SEC. Accordingly, the condensed consolidated financial statements 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, 2021 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 actual 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, 2021, which was filed with the SEC on May 28, 2021 (2021 Annual Report).
Consolidation	Consolidation. The condensed consolidated financial statements include the accounts of Deckers Outdoor Corporation and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
Reclassifications	Reclassifications. Certain amounts from prior periods presented in the condensed consolidated statements of cash flows have been reclassified within net cash (used in) provided by operating activities to conform to the current period presentation, which had no net effect on our cash flows from operating activities. The prior periods presented generally include reclassifications between the following: Other long-term liabilities to Gain on settlement of asset retirement obligations and from Other assets to Amortization on cloud computing arrangements.
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. To the extent there are differences between these estimates and actual results, the Company's condensed consolidated financial statements may be materially affected.
Reportable Operating Segments	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 (collectively, the Company's reportable operating segments). Information reported to the Chief Operating Decision Maker (CODM), who is the Company's Chief Executive Officer (CEO), President, and 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 the Company's warehouse and distribution centers (DC), certain executive and stock-based compensation, accounting, finance, legal, information technology, human resources, and facilities, among others. Inter-segment sales between the Company’s wholesale and the DTC reportable operating segments are at the Company’s cost, and there is no inter-segment net sales nor income (loss) from operations within the respective reportable operating segments results as these transactions are eliminated in consolidation.
Recent Accounting Pronouncements	Recent Accounting Pronouncements. The Financial Accounting Standards Board has issued Accounting Standard Updates (ASUs) that have been recently adopted and not yet adopted by the Company for its annual and interim reporting periods, as stated below. Recently Adopted. The ASU adopted during the three months ended June 30, 2021 and the impact on the Company upon its adoption was as follows: Standard Description Impact Upon 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, and reduces complexity in certain areas, including recognizing deferred taxes for tax goodwill and allocating taxes to members of a consolidated group. The Company adopted this ASU on a retrospective basis beginning April 1, 2021 and concluded that this ASU did not have a material impact on its condensed consolidated financial statements. Not Yet Adopted. The applicable ASU issued that has not yet been adopted by the Company, as well as the planned period of adoption and the expected impact on the Company upon its adoption, is as follows: Standard Description Planned Period of Adoption Expected Impact Upon Adoption ASU No. 2020-04, Reference Rate Reform: Facilitation of the Effects of Reference Rate Reform on Financial Reporting (as amended by ASU 2021-01) 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; however, the Company does not expect that the adoption will have a material impact 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. Variable Consideration. Components of variable consideration include estimated sales discounts, markdowns or chargebacks, and sales returns. Estimates for variable consideration are based on the amounts earned or estimates to be claimed as an adjustment to sales. Estimated variable consideration is included in the transaction price to the extent 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 to 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.
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, which are considered Level 2 liabilities, approximates fair value based upon current rates and terms available to the Company for similar debt.
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	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 key personnel, including employees and directors.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.
Derivatives	The Company may enter into foreign currency forward or option contracts (derivative contracts), generally with maturities of 15 months or less, 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 lower dilutive effect, respectively.

General (Tables)

General (Tables)	3 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of New Accounting Pronouncements and Changes in Accounting Principles	Recently Adopted. The ASU adopted during the three months ended June 30, 2021 and the impact on the Company upon its adoption was as follows: Standard Description Impact Upon 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, and reduces complexity in certain areas, including recognizing deferred taxes for tax goodwill and allocating taxes to members of a consolidated group. The Company adopted this ASU on a retrospective basis beginning April 1, 2021 and concluded that this ASU did not have a material impact on its condensed consolidated financial statements. Not Yet Adopted. The applicable ASU issued that has not yet been adopted by the Company, as well as the planned period of adoption and the expected impact on the Company upon its adoption, is as follows: Standard Description Planned Period of Adoption Expected Impact Upon Adoption ASU No. 2020-04, Reference Rate Reform: Facilitation of the Effects of Reference Rate Reform on Financial Reporting (as amended by ASU 2021-01) 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; however, the Company does not expect that the adoption will have a material impact on its condensed consolidated financial statements.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Contract with Customer, Asset and Liability	Activity during the three months ended June 30, 2021 related to estimated sales returns was as follows: Recovery Asset Refund Liability Balance, March 31, 2021 $ 10,704 $ (37,717) Net additions to sales return allowance* 5,803 (20,896) Actual returns (6,750) 27,883 Balance, June 30, 2021 $ 9,757 $ (30,730) Activity during the three months ended June 30, 2020 related to estimated sales returns was as follows: Recovery Asset Refund Liability Balance, March 31, 2020 $ 9,663 $ (25,667) Net additions to sales return allowance* 8,553 (25,782) Actual returns (7,801) 23,573 Balance, June 30, 2020 $ 10,415 $ (27,876)

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	Assets and liabilities measured on a recurring basis at fair value in the condensed consolidated balance sheets are as follows: Measured Using June 30, 2021 Level 1 Level 2 Level 3 Non-qualified deferred compensation asset $ 9,659 $ 9,659 $ — $ — Non-qualified deferred compensation liability (9,670) (9,670) — — Designated Derivative Contracts asset 1,924 — 1,924 — Non-Designated Derivative Contracts asset 335 — 335 — Measured Using March 31, 2021 Level 1 Level 2 Level 3 Non-qualified deferred compensation asset $ 9,107 $ 9,107 $ — $ — Non-qualified deferred compensation liability (6,692) (6,692) — —

Income Taxes - (Tables)

Income Taxes - (Tables)	3 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation	Income tax expense (benefit) and the effective income tax rate were as follows: Three Months Ended June 30, 2021 2020 Income tax expense (benefit) $ 13,527 $ (99) Effective income tax rate 21.9 % 1.2 %

Commitments and Contingencies -

Commitments and Contingencies - (Tables)	3 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Schedule of Supplemental Lease Information	Supplemental information for amounts presented in the condensed consolidated statements of cash flows related to operating leases, was as follows: Three Months Ended June 30, 2021 2020 Non-cash operating activities Operating lease assets obtained in exchange for lease liabilities* $ 13,364 $ 2,491 Reductions to operating lease assets for reductions to lease liabilities* (381) (1,937) *Amounts disclosed include non-cash additions or reductions resulting from lease remeasurements.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Jun. 30, 2021
Share-based Payment Arrangement [Abstract]
Schedule of Nonvested Stock Units Activity	The Company granted annual awards under the 2015 SIP, as recorded in the condensed consolidated statements of comprehensive income, as summarized below: Three Months Ended June 30, 2021 2020 Shares Granted Weighted-average grant date fair value per share Shares Granted Weighted-average grant date fair value per share Annual RSUs 4,073 $ 335.87 33,895 $ 200.71

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	As of June 30, 2021, the Company had the following derivative contracts recorded at fair value in the condensed consolidated balance sheets: Designated Non-Designated Derivative Contracts Total Notional value $ 103,488 $ 16,464 $ 119,952 Fair value recorded in other current assets 1,924 335 2,259
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 recorded in the condensed consolidated statements of comprehensive income for changes in AOCL: Three Months Ended June 30, 2021 2020 Gain recorded in Other comprehensive income $ 1,924 $ 464 Income tax expense in Other comprehensive income (466) (111) Total $ 1,458 $ 353
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 June 30, 2021 2020 Gain recorded in SG&A expenses $ 335 $ —

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Jun. 30, 2021
Stockholders' Equity Note [Abstract]
Schedule of Stock Repurchases	Stock repurchase activity under these programs for the three months ended June 30, 2021 was as follows: Amounts Total number of shares repurchased* 249,331 Average price paid per share $ 329.55 Dollar value of shares repurchased $ 82,166 * Any share repurchases are made as part of publicly announced programs in open-market transactions.
Components of Accumulated Other Comprehensive Loss	The components within AOCL recorded in the condensed consolidated balance sheets are as follows: June 30, 2021 March 31, 2021 Unrealized gain on cash flow hedges, net of tax $ 1,458 $ — Cumulative foreign currency translation loss (14,850) (16,743) Total $ (13,392) $ (16,743)

Basic and Diluted Shares (Table

Basic and Diluted Shares (Tables)	3 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Schedule of Weighted Average Number of Shares	The reconciliation of basic to diluted weighted-average common shares outstanding is as follows: Three Months Ended June 30, 2021 2020 Basic 27,813,000 28,001,000 Dilutive effect of equity awards 249,000 — Diluted 28,062,000 28,001,000 Excluded Annual RSUs and Annual PSUs — 194,000 LTIP PSUs 104,000 153,000 LTIP NQSOs — 299,000 Deferred Non-Employee Director Equity Awards — 5,000

Reportable Operating Segments (

Reportable Operating Segments (Tables)	3 Months Ended
	Jun. 30, 2021
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 June 30, 2021 2020 Net sales UGG brand wholesale $ 135,056 $ 43,428 HOKA brand wholesale 151,147 70,619 Teva brand wholesale 43,359 21,411 Sanuk brand wholesale 10,382 7,228 Other brands wholesale 4,306 635 Direct-to-Consumer 160,428 139,848 Total $ 504,678 $ 283,169 Three Months Ended June 30, 2021 2020 Income (loss) from operations UGG brand wholesale $ 35,838 $ (3,735) HOKA brand wholesale 46,363 17,235 Teva brand wholesale 14,503 4,202 Sanuk brand wholesale 3,404 488 Other brands wholesale 2,707 (1,270) Direct-to-Consumer 39,683 31,027 Unallocated overhead costs (80,666) (55,646) Total $ 61,832 $ (7,699) Assets allocated to each reportable operating segment, with a reconciliation to the condensed consolidated balance sheets, are as follows: June 30, 2021 March 31, 2021 Assets UGG brand wholesale $ 409,027 $ 212,277 HOKA brand wholesale 176,098 168,365 Teva brand wholesale 62,270 87,284 Sanuk brand wholesale 37,117 38,311 Other brands wholesale 25,810 18,732 Direct-to-Consumer 192,831 196,091 Total assets from reportable operating segments 903,153 721,060 June 30, 2021 March 31, 2021 Unallocated cash and cash equivalents 956,712 1,089,361 Unallocated deferred tax assets, net 40,817 37,194 Unallocated other corporate assets 390,573 320,090 Total $ 2,291,255 $ 2,167,705

Concentration of Business (Tabl

Concentration of Business (Tables)	3 Months Ended
	Jun. 30, 2021
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 June 30, 2021 2020 International net sales $ 168,619 $ 98,869 % of net sales 33.4 % 34.9 % Net sales in foreign currencies $ 89,433 $ 55,683 % of net sales 17.7 % 19.7 % Ten largest customers as % of net sales 26.5 % 22.1 %
Schedule of Long-lived Assets	Long-lived assets, which consist of property and equipment, net, recorded in the condensed consolidated balance sheets, are as follows: June 30, 2021 March 31, 2021 US $ 211,429 $ 194,833 Foreign* 10,919 11,377 Total $ 222,348 $ 206,210 *No single foreign country’s property and equipment, net, represented 10.0% or more of the Company’s total property and equipment, net, as of June 30, 2021 and March 31, 2021.

General - Narrative (Details)

General - Narrative (Details)	3 Months Ended
	Jun. 30, 2021segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	6

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020
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	$ 30,730	$ 37,717	$ 27,876	$ 25,667
Wholesale Deferred Revenue
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Contract liability	18,309	5,425
Loyalty Programs
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Contract liability	$ 11,111	$ 12,231

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Contract Assets and Contract Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Recovery Asset
Beginning Balance	$ 10,704	$ 9,663
Net additions to sales return allowance*	5,803	8,553
Actual returns	(6,750)	(7,801)
Ending Balance	9,757	10,415
Refund Liability
Beginning Balance	(37,717)	(25,667)
Net additions to sales return allowance*	(20,896)	(25,782)
Actual returns	27,883	23,573
Ending Balance	$ (30,730)	$ (27,876)

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Fair Value Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Mar. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-qualified deferred compensation asset	$ 9,659	$ 9,107
Non-qualified deferred compensation liability	(9,670)	(6,692)
Derivative contracts asset	2,259
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-qualified deferred compensation asset	9,659	9,107
Non-qualified deferred compensation liability	(9,670)	(6,692)
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-qualified deferred compensation asset	0	0
Non-qualified deferred compensation liability	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-qualified deferred compensation asset	0	0
Non-qualified deferred compensation liability	0	$ 0
Designated Derivative Contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative contracts asset	1,924
Designated Derivative Contracts | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative contracts asset	0
Designated Derivative Contracts | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative contracts asset	1,924
Designated Derivative Contracts | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative contracts asset	0
Non-Designated Derivative Contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative contracts asset	335
Non-Designated Derivative Contracts | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative contracts asset	0
Non-Designated Derivative Contracts | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative contracts asset	335
Non-Designated Derivative Contracts | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative contracts asset	$ 0

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Mar. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-qualified deferred compensation asset	$ 9,659	$ 9,107
Non-qualified deferred compensation liability	9,670	$ 6,692
Other Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-qualified deferred compensation asset	9,659
Other Accrued Liabilities, Current
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Current deferred compensation liability	758
Other Long Term Liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Noncurrent deferred compensation liability	$ 8,912

Income Taxes - Effective Income

Income Taxes - Effective Income Tax Rate (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ 13,527	$ (99)
Effective income tax rate	21.90%	1.20%

Revolving Credit Facilities - P

Revolving Credit Facilities - Primary Credit Facility (Details) - Primary Credit Facility - Line of Credit - Revolving Credit Facility - USD ($)	1 Months Ended	3 Months Ended
	Sep. 30, 2018	Jun. 30, 2021
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		1.23%
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 - C

Revolving Credit Facilities - China Line of Credit (Details) - Line of Credit - Revolving Credit Facility	1 Months Ended	3 Months Ended
	Aug. 31, 2013USD ($)	Jun. 30, 2021USD ($)	Aug. 31, 2013CNY (¥)
Second Amended China Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 46,434,000		¥ 300,000,000
Interest rate, effective percentage		4.15%
Proceeds from lines of credit		$ 0
Repayments of lines of credit		0
Long-term line of credit		0
Outstanding bank guarantees		31,000
Amount available under the credit agreement		$ 46,403,000
Second Amended China Credit Facility, Overdraft Sublimit
Debt Instrument [Line Items]
Line of credit facility overdraft facility sublimit	$ 15,478,000		¥ 100,000,000
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 - J

Revolving Credit Facilities - Japan Line of Credit (Details) - Revolving Credit Facility - Line of Credit - Japan Credit Facility	1 Months Ended	3 Months Ended
	Mar. 31, 2016USD ($)	Jun. 30, 2021USD ($)	Mar. 31, 2016JPY (¥)
Notes Payable and Long-Term Debt
Maximum borrowing capacity	$ 27,088,000		¥ 3,000,000,000
Proceeds from lines of credit		$ 0
Repayments of lines of credit		0
Long-term line of credit		0
Amount available under the credit agreement		$ 27,088,000
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		0.49%

Commitments and Contingencies_2

Commitments and Contingencies - Narrative (Details)	Jun. 30, 2021
Minimum
Lessee, Lease, Description [Line Items]
Operating lease renewal term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Operating lease renewal term	15 years

Commitments and Contingencies_3

Commitments and Contingencies - Schedule of Supplemental Lease Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Operating lease assets obtained in exchange for lease liabilities	$ 13,364	$ 2,491
Reductions to operating lease assets for reductions to lease liabilities	$ (381)	$ (1,937)

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended			3 Months Ended
	Jul. 29, 2021	Mar. 31, 2021	Sep. 30, 2019	Jun. 30, 2021	Jun. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted (in shares)				0
LTIP PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)		19,890	38,174	0
Unrecognized stock compensation expense				$ 13,574
LTIP PSUs | Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	24,495
Award vesting period (in years)	3 years
Weighted-average grant date fair value (in dollars per share)	$ 432.17
Measurement period	3 years
Award requisite service period	36 months
LTIP PSUs | Subsequent Event | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights percentage	200.00%
LTIP PSUs | Subsequent Event | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Financial performance achievement percentage	100.00%
Stock Appreciation Rights
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)				0
Annual RSUs and Annual PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock compensation expense				$ 8,439
Annual RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)				4,073	33,895
Award vesting period (in years)				3 years
Weighted-average grant date fair value (in dollars per share)				$ 335.87	$ 200.71
Annual RSUs | Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	31,360
Weighted-average grant date fair value (in dollars per share)	$ 389.86
Annual PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)				3 years

Stock-Based Compensation - Annu

Stock-Based Compensation - Annual Awards (Details) - Annual RSUs - $ / shares	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	4,073	33,895
Weighted-average grant date fair value (in dollars per share)	$ 335.87	$ 200.71

Derivative Instruments (Details

Derivative Instruments (Details)	3 Months Ended
	Jun. 30, 2021USD ($)counterparty	Jun. 30, 2020USD ($)	Jul. 29, 2021USD ($)counterparty	Mar. 31, 2021USD ($)
Foreign currency exchange contracts and hedging
Notional value	$ 119,952,000			$ 0
Fair value recorded in other current assets	$ 2,259,000
Number of counterparties in derivative contracts | counterparty	4
Gain recorded in Other comprehensive income	$ 1,924,000	$ 464,000
Income tax expense in Other comprehensive income	(466,000)	(111,000)
Unrealized gain (loss) on cash flow hedges, net of tax	1,458,000	353,000
Gain recorded in SG&A expenses	$ 335,000	$ 0
Subsequent Event
Foreign currency exchange contracts and hedging
Number of counterparties in derivative contracts | counterparty			4
Foreign Exchange Forward
Foreign currency exchange contracts and hedging
Maturity of foreign currency derivatives	15 months
Foreign Exchange Option
Foreign currency exchange contracts and hedging
Maturity of foreign currency derivatives	15 months
Designated Derivative Contracts
Foreign currency exchange contracts and hedging
Notional value	$ 103,488,000
Fair value recorded in other current assets	1,924,000
Designated Derivative Contracts | Subsequent Event
Foreign currency exchange contracts and hedging
Notional value			$ 6,942,000
Non-Designated Derivative Contracts
Foreign currency exchange contracts and hedging
Notional value	16,464,000
Fair value recorded in other current assets	$ 335,000
Non-Designated Derivative Contracts | Subsequent Event
Foreign currency exchange contracts and hedging
Notional value			$ 11,930,000

Stockholders' Equity - Stock Re

Stockholders' Equity - Stock Repurchase Programs (Details) - USD ($)	1 Months Ended	3 Months Ended
	Apr. 30, 2021	Jun. 30, 2021
Stockholders' Equity Note [Abstract]
Additional authorized amount of shares to repurchase	$ 750,000,000
Dollar value of shares remaining for repurchase		$ 728,495,000
Total number of shares repurchased (in shares)		249,331
Average price paid per share (in dollars per share)		$ 329.55
Dollar value of shares repurchased		$ 82,166,000

Stockholders' Equity - Accumula

Stockholders' Equity - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Mar. 31, 2021
Stockholders' Equity Note [Abstract]
Unrealized gain on cash flow hedges, net of tax	$ 1,458	$ 0
Cumulative foreign currency translation loss	(14,850)	(16,743)
Total	$ (13,392)	$ (16,743)

Basic and Diluted Shares (Detai

Basic and Diluted Shares (Details) - shares shares in Thousands	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted average number of basic shares outstanding (in shares)	27,813	28,001
Weighted average number shares outstanding, dilutive effect of equity awards (in shares)	249	0
Weighted average number of diluted shares outstanding (in shares)	28,062	28,001
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	194
LTIP PSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	104	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	299
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	5

Reportable Operating Segments_2

Reportable Operating Segments (Details) $ in Thousands	3 Months Ended
	Jun. 30, 2021USD ($)segment	Jun. 30, 2020USD ($)	Mar. 31, 2021USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment	6
Net sales	$ 504,678	$ 283,169
Income (loss) from operations	61,832	(7,699)
Total assets	2,291,255		$ 2,167,705
Unallocated cash and cash equivalents	956,712		1,089,361
Unallocated deferred tax assets, net	40,817		37,194
Reportable segments
Segment Reporting Information [Line Items]
Total assets	903,153		721,060
Reportable segments | UGG brand wholesale
Segment Reporting Information [Line Items]
Total assets	409,027		212,277
Reportable segments | HOKA brand wholesale
Segment Reporting Information [Line Items]
Total assets	176,098		168,365
Reportable segments | Teva brand wholesale
Segment Reporting Information [Line Items]
Total assets	62,270		87,284
Reportable segments | Sanuk brand wholesale
Segment Reporting Information [Line Items]
Total assets	37,117		38,311
Reportable segments | Other brands wholesale
Segment Reporting Information [Line Items]
Total assets	25,810		18,732
Reportable segments | Direct-to-Consumer
Segment Reporting Information [Line Items]
Total assets	192,831		196,091
Segment reconciling items
Segment Reporting Information [Line Items]
Income (loss) from operations	(80,666)	(55,646)
Unallocated cash and cash equivalents	956,712		1,089,361
Unallocated deferred tax assets, net	40,817		37,194
Corporate
Segment Reporting Information [Line Items]
Unallocated other corporate assets	390,573		$ 320,090
Wholesale | UGG brand wholesale
Segment Reporting Information [Line Items]
Net sales	135,056	43,428
Wholesale | HOKA brand wholesale
Segment Reporting Information [Line Items]
Net sales	151,147	70,619
Wholesale | Teva brand wholesale
Segment Reporting Information [Line Items]
Net sales	43,359	21,411
Wholesale | Sanuk brand wholesale
Segment Reporting Information [Line Items]
Net sales	10,382	7,228
Wholesale | Other brands wholesale
Segment Reporting Information [Line Items]
Net sales	4,306	635
Wholesale | Reportable segments | UGG brand wholesale
Segment Reporting Information [Line Items]
Income (loss) from operations	35,838	(3,735)
Wholesale | Reportable segments | HOKA brand wholesale
Segment Reporting Information [Line Items]
Income (loss) from operations	46,363	17,235
Wholesale | Reportable segments | Teva brand wholesale
Segment Reporting Information [Line Items]
Income (loss) from operations	14,503	4,202
Wholesale | Reportable segments | Sanuk brand wholesale
Segment Reporting Information [Line Items]
Income (loss) from operations	3,404	488
Wholesale | Reportable segments | Other brands wholesale
Segment Reporting Information [Line Items]
Income (loss) from operations	2,707	(1,270)
Direct-to-Consumer | Direct-to-Consumer
Segment Reporting Information [Line Items]
Net sales	160,428	139,848
Direct-to-Consumer | Reportable segments | Direct-to-Consumer
Segment Reporting Information [Line Items]
Income (loss) from operations	$ 39,683	$ 31,027

Concentration of Business (Deta

Concentration of Business (Details) $ in Thousands	3 Months Ended		12 Months Ended
	Jun. 30, 2021USD ($)tannery	Jun. 30, 2020USD ($)	Mar. 31, 2021USD ($)
Concentration Risk [Line Items]
Net sales	$ 504,678	$ 283,169
Number of tanneries | tannery	2
Long-lived assets	$ 222,348		$ 206,210
Sales Revenue, Net | Customer Concentration Risk | One Customer
Concentration Risk [Line Items]
Concentration risk		10.70%
Trade Accounts Receivable | Customer Concentration Risk | One Customer
Concentration Risk [Line Items]
Concentration risk	14.00%		12.80%
Foreign
Concentration Risk [Line Items]
Long-lived assets	$ 10,919		$ 11,377
Foreign | International net sales
Concentration Risk [Line Items]
Net sales	168,619	$ 98,869
Foreign | Net sales in foreign currencies
Concentration Risk [Line Items]
Net sales	$ 89,433	$ 55,683
Foreign | Sales Revenue, Net | International net sales
Concentration Risk [Line Items]
Concentration risk	33.40%	34.90%
Foreign | Sales Revenue, Net | Net sales in foreign currencies
Concentration Risk [Line Items]
Concentration risk	17.70%	19.70%
Foreign | Sales Revenue, Net | Customer Concentration Risk | 10 Largest Customers
Concentration Risk [Line Items]
Concentration risk	26.50%	22.10%
US
Concentration Risk [Line Items]
Long-lived assets	$ 211,429		$ 194,833