Deckers Outdoor (DECK) 10-Q31 Oct 242025 Q2 Quarterly reportFinancial data

Company Profile

COVER PAGE

COVER PAGE - shares	6 Months Ended
COVER PAGE - shares	Sep. 30, 2024	Oct. 11, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
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		151,921,988
Entity Central Index Key	0000910521
Amendment Flag	false
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--03-31

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Sep. 30, 2024	Mar. 31, 2024
ASSETS
Cash and cash equivalents	$ 1,225,681	$ 1,502,051
Trade accounts receivable, net of allowances ($49,416 and $27,331 as of September 30, 2024, and March 31, 2024, respectively)	537,137	296,565
Inventories	777,891	474,311
Prepaid expenses	46,548	34,284
Other current assets	80,216	92,713
Income tax receivable	33,821	43,559
Total current assets	2,701,294	2,443,483
Property and equipment, net of accumulated depreciation ($378,588 and $349,138 as of September 30, 2024, and March 31, 2024, respectively) (Note 11)	319,580	302,122
Operating lease assets	217,401	225,669
Goodwill	13,990	13,990
Other intangible assets, net of accumulated amortization ($25,152 and $91,314 as of September 30, 2024, and March 31, 2024, respectively)	15,906	27,083
Deferred tax assets, net	73,322	72,584
Other assets	56,643	50,648
Total assets	3,398,136	3,135,579
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	536,581	378,503
Accrued payroll	60,091	123,653
Operating lease liabilities	48,662	53,581
Other accrued expenses	138,768	106,785
Income tax payable	75,920	52,338
Value added tax payable	15,618	5,133
Total current liabilities	875,640	719,993
Long-term operating lease liabilities	209,961	213,298
Income tax liability	37,662	52,470
Other long-term liabilities	51,634	42,350
Total long-term liabilities	299,257	308,118
Commitments and contingencies (Note 5)
Stockholders’ equity
Common stock (par value $0.01 per share; 750,000 shares authorized; shares issued and outstanding of 152,008 and 153,554 as of September 30, 2024, and March 31, 2024, respectively)	1,520	1,536
Additional paid-in capital	252,212	243,050
Retained earnings	2,013,265	1,913,615
Accumulated other comprehensive loss (Note 8)	(43,758)	(50,733)
Total stockholders’ equity	2,223,239	2,107,468
Total liabilities and stockholders’ equity	$ 3,398,136	$ 3,135,579

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) $ in Thousands	Sep. 30, 2024 USD ($) $ / shares shares	Mar. 31, 2024 USD ($) $ / shares shares
Statement of Financial Position [Abstract]
Trade accounts receivable, allowances \| $	$ 49,416	$ 27,331
Accumulated depreciation \| $	378,588	349,138
Accumulated amortization and impairments \| $	$ 25,152	$ 91,314
Common stock, par value (in dollars per share) \| $ / shares	$ 0.01	$ 0.01
Common stock, authorized shares (in shares) \| shares	750,000,000	750,000,000
Common stock, issued shares (in shares) \| shares	152,008,000	153,554,000
Common stock, outstanding shares (in shares) \| shares	152,008,000	153,554,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Net sales (Note 2, Note 10, and Note 11)	$ 1,311,320	$ 1,091,907	$ 2,136,667	$ 1,767,698
Cost of sales	578,048	508,888	933,395	838,255
Gross profit	733,272	583,019	1,203,272	929,443
Selling, general, and administrative expenses	428,186	358,402	765,379	634,090
Income from operations (Note 10)	305,086	224,617	437,893	295,353
Interest income	(14,797)	(10,089)	(32,049)	(21,376)
Interest expense	1,151	1,011	2,182	2,016
Other income, net	(180)	(622)	(305)	(968)
Total other income, net	(13,826)	(9,700)	(30,172)	(20,328)
Income before income taxes	318,912	234,317	468,065	315,681
Income tax expense (Note 4)	76,591	55,770	110,119	73,582
Net income	242,321	178,547	357,946	242,099
Other comprehensive income (loss), net of tax
Unrealized (loss) gain on cash flow hedges	(4,322)	3,403	(3,466)	3,755
Foreign currency translation gain (loss)	15,097	(5,520)	10,441	(14,171)
Total other comprehensive income (loss), net of tax	10,775	(2,117)	6,975	(10,416)
Comprehensive income	$ 253,096	$ 176,430	$ 364,921	$ 231,683
Net income per share
Basic (in dollars per share)	$ 1.59	$ 1.14	$ 2.35	$ 1.55
Diluted (in dollars per share)	$ 1.59	$ 1.14	$ 2.34	$ 1.54
Weighted-average common shares outstanding (Note 9)
Basic (in shares)	152,240	156,188	152,552	156,586
Diluted (in shares)	152,778	157,070	153,127	157,503

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, 2023		157,054,000
Beginning balance at Mar. 31, 2023	$ 1,765,733	$ 1,571	$ 230,841	$ 1,572,356	$ (39,035)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation (in shares)		4,000
Stock-based compensation	6,877		6,877
Shares issued upon vesting (in shares)		16,000
Exercise of stock options (in shares)		47,000
Exercise of stock options	548		548
Shares withheld for taxes	(698)		(698)
Repurchases of common stock (Note 8) (in shares)		(314,000)
Repurchases of common stock (Note 8)	(25,469)	$ (3)		(25,466)
Excise taxes related to repurchases of common stock	(123)			(123)
Net income	63,552			63,552
Total other comprehensive (loss) income	(8,299)				(8,299)
Ending balance (in shares) at Jun. 30, 2023		156,807,000
Ending balance at Jun. 30, 2023	1,802,121	$ 1,568	237,568	1,610,319	(47,334)
Beginning balance (in shares) at Mar. 31, 2023		157,054,000
Beginning balance at Mar. 31, 2023	$ 1,765,733	$ 1,571	230,841	1,572,356	(39,035)
Increase (Decrease) in Stockholders' Equity
Repurchases of common stock (Note 8) (in shares)	(2,396,328)
Repurchases of common stock (Note 8)	$ (210,938)
Net income	242,099
Total other comprehensive (loss) income	(10,416)
Ending balance (in shares) at Sep. 30, 2023		154,918,000
Ending balance at Sep. 30, 2023	1,795,130	$ 1,548	241,308	1,601,725	(49,451)
Beginning balance (in shares) at Jun. 30, 2023		156,807,000
Beginning balance at Jun. 30, 2023	1,802,121	$ 1,568	237,568	1,610,319	(47,334)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation (in shares)		3,000
Stock-based compensation	9,802		9,802
Shares issued upon vesting (in shares)		144,000
Shares issued upon vesting	1,165	$ 1	1,164
Exercise of stock options (in shares)		46,000
Exercise of stock options	533		533
Shares withheld for taxes	(7,759)		(7,759)
Repurchases of common stock (Note 8) (in shares)		(2,082,000)
Repurchases of common stock (Note 8)	(185,469)	$ (21)		(185,448)
Excise taxes related to repurchases of common stock	(1,693)			(1,693)
Net income	178,547			178,547
Total other comprehensive (loss) income	(2,117)				(2,117)
Ending balance (in shares) at Sep. 30, 2023		154,918,000
Ending balance at Sep. 30, 2023	$ 1,795,130	$ 1,548	241,308	1,601,725	(49,451)
Beginning balance (in shares) at Mar. 31, 2024	153,554,000	153,554,000
Beginning balance at Mar. 31, 2024	$ 2,107,468	$ 1,536	243,050	1,913,615	(50,733)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation (in shares)		2,000
Stock-based compensation	8,231		8,231
Shares issued upon vesting (in shares)		6,000
Exercise of stock options (in shares)		54,000
Exercise of stock options	601	$ 1	600
Shares withheld for taxes	(495)		(495)
Repurchases of common stock (Note 8) (in shares)		(1,062,000)
Repurchases of common stock (Note 8)	(151,967)	$ (11)		(151,956)
Excise taxes related to repurchases of common stock	(1,181)			(1,181)
Net income	115,625			115,625
Total other comprehensive (loss) income	(3,800)				(3,800)
Ending balance (in shares) at Jun. 30, 2024		152,554,000
Ending balance at Jun. 30, 2024	$ 2,074,482	$ 1,526	251,386	1,876,103	(54,533)
Beginning balance (in shares) at Mar. 31, 2024	153,554,000	153,554,000
Beginning balance at Mar. 31, 2024	$ 2,107,468	$ 1,536	243,050	1,913,615	(50,733)
Increase (Decrease) in Stockholders' Equity
Repurchases of common stock (Note 8) (in shares)	(1,747,680)
Repurchases of common stock (Note 8)	$ (256,290)
Net income	357,946
Total other comprehensive (loss) income	$ 6,975
Ending balance (in shares) at Sep. 30, 2024	152,008,000	152,008,000
Ending balance at Sep. 30, 2024	$ 2,223,239	$ 1,520	252,212	2,013,265	(43,758)
Beginning balance (in shares) at Jun. 30, 2024		152,554,000
Beginning balance at Jun. 30, 2024	2,074,482	$ 1,526	251,386	1,876,103	(54,533)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation (in shares)		2,000
Stock-based compensation	11,657		11,657
Shares issued upon vesting (in shares)		129,000
Shares issued upon vesting	1,638	$ 1	1,637
Exercise of stock options (in shares)		9,000
Exercise of stock options	93		93
Shares withheld for taxes	(12,561)		(12,561)
Repurchases of common stock (Note 8) (in shares)		(686,000)
Repurchases of common stock (Note 8)	(104,323)	$ (7)		(104,316)
Excise taxes related to repurchases of common stock	(843)			(843)
Net income	242,321			242,321
Total other comprehensive (loss) income	$ 10,775				10,775
Ending balance (in shares) at Sep. 30, 2024	152,008,000	152,008,000
Ending balance at Sep. 30, 2024	$ 2,223,239	$ 1,520	$ 252,212	$ 2,013,265	$ (43,758)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
OPERATING ACTIVITIES
Net income	$ 357,946	$ 242,099
Reconciliation of net income to net cash provided by (used in) operating activities:
Depreciation, amortization, and accretion	33,750	25,138
Amortization on cloud computing arrangements	1,082	1,131
Bad debt expense	8,845	6,905
Deferred tax expense (benefit)	1,295	(1,266)
Stock-based compensation	19,916	16,719
Loss on disposal of assets	2,811	145
Impairment of operating lease and other long-lived assets	0	793
Changes in operating assets and liabilities:
Trade accounts receivable, net	(249,306)	(193,071)
Inventories	(306,855)	(193,480)
Prepaid expenses and other current assets	182	(35,269)
Income tax receivable	9,737	(8,488)
Net operating lease assets and lease liabilities	(778)	8,909
Other assets	(7,018)	(1,886)
Trade accounts payable	155,774	215,374
Other accrued expenses	(21,506)	(1,479)
Income tax payable	23,582	44,171
Other long-term liabilities	(7,357)	(4,917)
Net cash provided by operating activities	22,100	121,528
INVESTING ACTIVITIES
Purchases of property and equipment	(45,367)	(57,436)
Proceeds from sale of assets	10,925	34
Net cash used in investing activities	(34,442)	(57,402)
FINANCING ACTIVITIES
Proceeds from issuance of stock	1,638	1,165
Proceeds from exercise of stock options	694	1,081
Repurchases of common stock	(256,290)	(210,938)
Cash paid for shares withheld for taxes	(13,056)	(8,457)
Net cash used in financing activities	(267,014)	(217,149)
Effect of foreign currency exchange rates on cash and cash equivalents	2,986	(5,721)
Net change in cash and cash equivalents	(276,370)	(158,744)
Cash and cash equivalents at beginning of period	1,502,051	981,795
Cash and cash equivalents at end of period	1,225,681	823,051
Cash paid during the period
Income taxes	90,833	47,150
Interest	798	955
Operating leases	33,269	31,370
Non-cash investing activities
Changes in trade accounts payable and other accrued expenses for purchases of property and equipment	2,309	(12,957)
Accrued for asset retirement obligation assets related to leasehold improvements	1,372	718
Leasehold improvements acquired through tenant allowances	0	8,127
Non-cash financing activities
Accrued excise taxes related to repurchases of common stock	$ 2,024	$ 1,816

GENERAL

GENERAL	6 Months Ended
GENERAL	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GENERAL	GENERAL The Company. Deckers Outdoor Corporation and its wholly owned subsidiaries (collectively, the Company) is a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. The Company’s five proprietary brands include the UGG, HOKA, Teva, Koolaburra, and AHNU brands. Refer to the section titled “Reportable Operating Segments,” below within this Note 1, “General,” for more information on the sale of the Sanuk brand during the three months ended September 30, 2024. The Company sells its products through quality domestic and international retailers, international distributors, and directly to its global consumers through its DTC business, which is comprised of its e-commerce business and retail stores. Independent third-party contractors manufacture all of the Company’s products. Seasonality . A significant part of the UGG brand’s business has historically been seasonal, requiring the Company to build inventory levels during certain quarters in its fiscal year to support higher selling seasons, which has contributed to variation in its results from quarter to quarter. However, as the Company continues to take steps to diversify and expand its product offerings by creating more year-round styles, and as net sales of the HOKA brand, which generally occur more evenly throughout the year, continue to increase as a percentage of the Company’s aggregate net sales, the Company expects to continue to see the impact from seasonality decrease over time. Basis of Presentation. The unaudited condensed consolidated financial statements and accompanying notes thereto (referred to herein as condensed consolidated financial statements) as of September 30, 2024, and for the three and six months ended September 30, 2024 (current period), and 2023 (prior period) are prepared in accordance with generally accepted accounting principles in the US (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, 2024, is 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, 2024 (prior fiscal year), which was filed with the SEC on May 24, 2024 (2024 Annual Report). Forward Stock Split and Authorized Share Increase. On September 13, 2024, the Company (i) effected a six-for-one forward stock split of its common stock and preferred stock (the stock split), and (ii) increased the number of authorized shares of its common stock from 125,000,000 to 750,000,000, and the number of authorized shares of its capital stock from 130,000,000 to 755,000,000 (the authorized share increase). The stock split and the authorized share increase were effected through the filing of an amendment to the Company’s Amended and Restated Certificate of Incorporation (Charter Amendment) with the Secretary of State of the State of Delaware, which was approved by the Company’s stockholders at the Annual Meeting of Stockholders held on September 9, 2024 (Annual Meeting). The Charter Amendment did not provide for any increase in the number of authorized shares of preferred stock, which remains at 5,000,000 shares. There are no shares of preferred stock outstanding as of September 30, 2024, and March 31, 2024. As a result of the stock split, every one share of common stock outstanding on September 6, 2024, the record date for the stock split, was automatically split into six shares of common stock. The common stock commenced t rading on a post-stock split adjusted basis on September 17, 2024. All prior period results included in the condensed consolidated financial statements and the related notes within this Quarterly Report have been retroactively adjusted to reflect the effectiveness of the stock split and the authorized share increase. Specifically, all share and per share amounts have been adjusted, including: (i) the number of shares authorized and outstanding on the condensed consolidated balance sheets, (ii) the weighted-average common shares outstanding and the associated earnings per share amounts in the condensed consolidated statements of comprehensive income, as well as the weighted average common shares outstanding disaggregated in Note 9, “Basic and Diluted Shares,” (iii) the number of shares underlying stock awards and the weighted-average grant date fair value of annual stock awards in Note 6, “Stock-Based Compensation,” and (iv) the total number of shares repurchased and the weighted average price per share paid in Note 8, “Stockholders’ Equity.” Further, as there was no change to par value, an amount equal to the par value of the increased shares resulting from the stock split for shares issued was reclassified to common stock from additional paid-in capital, and for share repurchases was reclassified to retained earnings from common stock, in the condensed consolidated balance sheets and the condensed consolidated statements of stockholders’ equity. Consolidation. The condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. 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 macroeconomic factors, including inflation, foreign currency exchange rate volatility, changes in interest rates, changes in commodity pricing, changes in discretionary spending, and recessionary concerns, on its business and operations. Although the full impact of these factors is unknown, 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 the sales return asset and liability; contract assets and liabilities; stock-based compensation; impairment assessments, including goodwill, other intangible assets, and long-lived assets; depreciation and amortization; income tax receivables and liabilities; uncertain tax positions; the fair value of financial instruments; the reasonably certain lease term; lease classification; and the Company’s incremental borrowing rate utilized to measure its operating lease assets and lease liabilities. Foreign Currency Translation. The Company considers the US dollar as its functional currency. The Company’s wholly owned foreign subsidiaries have various assets and liabilities, primarily cash, receivables, and payables, which are denominated in currencies other than its functional currency. The Company remeasures these monetary assets and liabilities using the exchange rate at the end of the reporting period, which results in gains and losses that are recorded in selling, general, and administrative (SG&A) expenses in the condensed consolidated statements of comprehensive income as incurred. In addition, the Company translates assets and liabilities of subsidiaries with reporting currencies other than US dollars into US dollars using the exchange rates at the end of the reporting period, which results in financial statement translation gains and losses recorded in other comprehensive income or loss (OCI) in the condensed consolidated statements of comprehensive income. Reportable Operating Segments. As of September 30, 2024, the Company’s five reportable operating segments include the worldwide wholesale operations of the UGG brand, HOKA brand, Teva brand, and Other brands (primarily consisting of the Koolaburra brand, as well as the recently launched AHNU brand), as well as DTC (collectively, the Company’s reportable operating segments). During the three months ended September 30, 2024, the Company entered into an agreement pursuant to which the buyer agreed to purchase the Sanuk brand and certain related assets which was completed on August 15, 2024 (Sanuk Brand Sale Date). The Company determined that the divestiture of the Sanuk brand did not represent a strategic shift that had or will have a major effect on the condensed consolidated results of operations, and therefore results of this business were not classified as discontinued operations. The Company’s financial results for its reportable operating segments present the former Sanuk brand through the Sanuk Brand Sale Date for the current period. Refer to Note 10, “Reportable Operating Segments,” for further information on the Company’s reportable operating segments. Recent Accounting Pronouncements. The Financial Accounting Standards Board has issued Accounting Standards Updates (ASU) that have been adopted and not yet adopted by the Company as stated below. Recently Adopted. The following is a summary of an ASU adopted by and its impact on the Company: Standard Description Impact Upon Adoption ASU 2022-04 - Supplier Finance Program (SFP) The ASU requires that a buyer in a SFP disclose qualitative and quantitative information about its program on an interim basis, including the nature of the SFP and key terms, outstanding amounts as of the end of the reporting period, and presentation in its financial statements. The interim portion of this ASU is effective on a retrospective basis for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. Early adoption is permitted. The annual requirement that requires a buyer in a SFP disclose an activity roll forward of outstanding balances as of the end of the reporting period has not yet been adopted. This annual portion of this ASU is effective on a prospective basis for fiscal years beginning after December 15, 2023. Early adoption is not permitted. The Company retrospectively adopted this ASU beginning on April 1, 2023, except for the roll forward requirements. This ASU did not have a material impact on the recognition, measurement, or presentation of supplier finance programs in the Company’s annual and interim consolidated financial statements. However, it did result in additional disclosure. Refer to Note 11, “Supplier Finance Program,” for further information on the Company’s SFP key terms and outstanding balances recorded in the condensed consolidated balance sheets. The Company plans to adopt the annual roll forward requirement beginning with its fiscal year (FY) ending March 31, 2025, and does not expect the adoption to have a material impact on its consolidated financial statements. Not Yet Adopted. The following is a summary of each ASU that has been issued and is applicable to the Company, but which has not yet been adopted, as well as the planned period of adoption, and the expected impact on the Company upon adoption: Standard Description Planned Period of Adoption Expected Impact on Adoption ASU 2023-07 - Improvements to Reportable Segment Disclosures The ASU requires annual and interim disclosures of significant segment expenses, including an amount and composition description for other segment items, and how reported measures of profit or loss are used by the chief operating decision maker (CODM) in assessing segment performance and deciding how to allocate resources. The ASU is effective on a retrospective basis for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. Q4 FY 2025 The Company is currently evaluating the impact of the adoption of this ASU on its disclosures in its annual and interim consolidated financial statements. ASU 2023-09 - Improvements to Income Tax Disclosures The ASU requires annual disclosures of prescribed standard categories for the components of the effective tax rate reconciliation, disclosure of income taxes paid disaggregated by jurisdiction, and other income-tax related disclosures. The ASU is effective on a prospective basis, with retrospective application permitted, for fiscal years beginning after December 15, 2024. Early adoption is permitted. Q4 FY 2026 The Company is currently evaluating the impact of the adoption of this ASU on its disclosures in its annual and interim consolidated financial statements.

REVENUE RECOGNITION

REVENUE RECOGNITION	6 Months Ended
REVENUE RECOGNITION	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
REVENUE RECOGNITION	REVENUE RECOGNITION Disaggregated Revenue. Refer to Note 10, “Reportable Operating Segments,” for further information on the Company’s disaggregation of revenue by reportable operating segment. Sales Return Asset and Liability. Sales returns are a refund asset for the right to recover the inventory and a refund liability for the stand-ready right of return. The refund asset for the right to recover the inventory is recorded in other current assets and the related refund liability is recorded in other accrued expenses in the condensed consolidated balance sheets. The following tables summarize changes in the estimated sales returns for the periods presented: Recovery Asset Refund Liability Balance, March 31, 2024 $ 13,866 $ (55,327) Net additions to sales return liability (1) 32,846 (123,196) Actual returns (26,056) 114,513 Balance, September 30, 2024 $ 20,656 $ (64,010) Recovery Asset Refund Liability Balance, March 31, 2023 $ 15,685 $ (45,322) Net additions to sales return liability (1) 24,298 (106,824) Actual returns (24,192) 97,969 Balance, September 30, 2023 $ 15,791 $ (54,177) (1) Net additions to the sales return liability include a provision for anticipated sales returns, which consists of both contractual return rights and discretionary authorized returns. Contract Liabilities. Contract liabilities are recorded in other accrued expenses in the condensed consolidated balance sheets and include loyalty programs and other deferred revenue. Loyalty Programs. Activity related to loyalty programs was as follows: Six Months Ended September 30, 2024 2023 Beginning balance $ (17,586) $ (13,144) Redemptions and expirations for loyalty certificates and points recognized in net sales 11,103 10,022 Deferred revenue for loyalty points and certificates issued (13,536) (11,269) Ending balance $ (20,019) $ (14,391) Deferred Revenue. Activity related to deferred revenue was as follows: Six Months Ended September 30, 2024 2023 Beginning balance $ (9,591) $ (13,448) Additions of customer cash payments (50,829) (33,089) Revenue recognized 36,332 30,032 Ending balance $ (24,088) $ (16,505) Refer to Note 2, “Revenue Recognition,” in the Company’s consolidated financial statements in Part IV of the 2024 Annual Report for further information on the Company’s variable consideration accounting policies, including sales return asset and liability, as well as contract liabilities.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
FAIR VALUE MEASUREMENTS	Sep. 30, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS The Company measures certain financial assets and liabilities at fair value on a recurring basis. Refer to Note 4, “Fair Value Measurements,” in the Company’s consolidated financial statements in Part IV of the 2024 Annual Report for further information on the Company’s fair value accounting policies. Assets and liabilities that are measured on a recurring basis at fair value in the condensed consolidated balance sheets are as follows: As of Measured Using September 30, 2024 Level 1 Level 2 Level 3 Assets: Cash equivalents: Money-market funds $ 842,807 $ 842,807 $ — $ — Other current assets: Designated Derivative Contracts asset 103 — 103 — Non-Designated Derivative Contracts asset 45 — 45 — Other assets: Non-qualified deferred compensation asset 16,406 16,406 — — Total assets measured at fair value $ 859,361 $ 859,213 $ 148 $ — Liabilities: Other accrued expenses: Designated Derivative Contracts liability $ (4,688) $ — $ (4,688) $ — Non-qualified deferred compensation liability (1,200) (1,200) — — Other long-term liabilities: Non-qualified deferred compensation liability (24,358) (24,358) — — Total liabilities measured at fair value $ (30,246) $ (25,558) $ (4,688) $ — As of Measured Using March 31, 2024 Level 1 Level 2 Level 3 Assets: Cash equivalents: Money-market funds $ 1,152,083 $ 1,152,083 $ — $ — Other assets: Non-qualified deferred compensation asset 13,553 13,553 — — Total assets measured at fair value $ 1,165,636 $ 1,165,636 $ — $ — Liabilities: Other accrued expenses: Non-qualified deferred compensation liability $ (408) $ (408) $ — $ — Other long-term liabilities: Non-qualified deferred compensation liability (16,229) (16,229) — — Total liabilities measured at fair value $ (16,637) $ (16,637) $ — $ — The fair value of Designated Derivative Contracts and Non-Designated Derivative Contracts is 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), with related assets and liabilities recorded in other current assets and other accrued expenses, respectively, in the condensed consolidated balance sheets. Refer to Note 7, “Derivative Instruments,” for further information, including the definition of the term Designated Derivative Contracts and Non-Designated Derivative Contracts.

INCOME TAXES

INCOME TAXES	6 Months Ended
INCOME TAXES	Sep. 30, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Income tax expense and the effective income tax rate were as follows: Three Months Ended September 30, Six Months Ended September 30, 2024 2023 2024 2023 Income tax expense $ 76,591 $ 55,770 $ 110,119 $ 73,582 Effective income tax rate 24.0 % 23.8 % 23.5 % 23.3 % The tax provisions during the three and six months ended September 30, 2024, and 2023, were computed using the estimated effective income tax rate applicable to each of the domestic and foreign taxable jurisdictions for the fiscal years ending March 31, 2025, and March 31, 2024, respectively, and were adjusted for discrete items that occurred within the periods presented above. During the current period, the net increase in the effective income tax rate, compared to the prior period, was primarily due to the effects of discrete items, including a change in valuation allowance on tax attributes and a change in return-to-provision differences, partially offset by net discrete tax benefits for stock-based compensation. Recent Tax Law Changes. The Organization for Economic Co-operation and Development (commonly known as OECD) has released Pillar Two model rules introducing a 15% global minimum tax rate for large multinational corporations to be effective starting with tax periods ending in 2024. Various jurisdictions the Company operates in have enacted or plan to enact legislation beginning in calendar year 2024 or in subsequent years. The enactment of Pillar Two legislation did not have a material effect on the Company’s condensed consolidated statements of comprehensive income during the current period. The Company will continue to monitor and reflect the impact of such legislative changes in future periods, as each of the respective jurisdictions enact the legislation and the legislation becomes effective.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
COMMITMENTS AND CONTINGENCIES	Sep. 30, 2024
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. There were no material changes outside the ordinary course of business during the six months ended September 30, 2024, to the operating lease terms disclosed in the 2024 Annual Report. Supplemental information for amounts presented in the condensed consolidated statements of cash flows related to operating leases, were as follows: Three Months Ended September 30, Six Months Ended September 30, 2024 2023 2024 2023 Non-cash operating activities (1) Operating lease assets obtained in exchange for lease liabilities $ 3,762 $ 13,152 $ 16,098 $ 34,739 Reductions to operating lease assets for reductions to lease liabilities (15) (7,606) (1,121) (7,671) (1) Amounts disclosed include non-cash additions or reductions resulting from lease remeasurements, as well as reductions for tenant improvement allowances. Operating lease liabilities recorded in the condensed consolidated balance sheets exclude an aggregate of $15,734 of undiscounted minimum lease payments due pursuant to leases signed but not yet commenced during the six months ended September 30, 2024, and through October 11, 2024, primarily for a new HOKA brand retail store lease in Paris that the Company expects will be operational during the quarter ending December 31, 2024. Purchase Obligations. There were no material changes outside the ordinary course of business during the six months ended September 30, 2024, to purchase obligations disclosed in the 2024 Annual Report. Litigation. From time to time, the Company is involved in various legal proceedings, disputes, and other claims arising in the ordinary course of business, including employment, intellectual property, and product liability claims. Although the results of these matters cannot be predicted with certainty, the Company believes it is not currently a party to any legal proceedings, disputes, or other claims for which a material loss is considered probable and for which the amount (or range) of loss is reasonably estimable. However, regardless of the merit of the claims raised or the outcome, these matters can have an adverse impact on the Company as a result of legal costs, diversion of management’s time and resources, and other factors. Refer to Note 7, “Commitments and Contingencies,” in the Company’s consolidated financial statements in Part IV of the 2024 Annual Report for further information on the Company’s contractual obligations and commitments.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	6 Months Ended
STOCK-BASED COMPENSATION	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION Stock Incentive Plans. In September 2015, the Company’s stockholders approved the 2015 Stock Incentive Plan (2015 SIP), which initially reserved 7,650,000 shares of the Company’s common stock for issuance to employees, directors, consultants, independent contractors, and advisors. The 2015 SIP provided for the issuance of a variety of stock-based compensation awards, including time-based restricted stock units (RSUs), performance-based restricted stock units (PSUs), long-term incentive plan PSUs (LTIP PSUs), stock appreciation rights, stock bonuses, incentive stock options (ISOs), and non-qualified stock options (NQSOs). Refer to Note 8, “Stock-Based Compensation,” in the Company’s consolidated financial statements in Part IV of the 2024 Annual Report for additional information about the terms of the 2015 SIP. In September 2024, the Company’s stockholders approved the 2024 Stock Incentive Plan (2024 SIP), which is intended to replace the 2015 SIP. Consistent with the 2015 SIP, the primary purpose of the 2024 SIP is to encourage ownership in the Company by key personnel, whose long-term service is considered essential to the Company’s continued success. As a result of the stock split , the number of shares of common stock reserved for issuance under the 2024 SIP and the number of shares underlying outstanding equity awards and the exercise price of stock options were adjusted proportionately. The 2024 SIP initially reserves 7,800,000 shares of the Company’s common stock for issuance to employees, directors, consultants, and independent contractors, less one share for every one share granted under the 2015 SIP after March 31, 2024 and prior to September 9, 2024, the effective date of the 2024 SIP, subject to an increase from the return of shares under the 2015 SIP as described below. The terms of the 2024 SIP are substantially similar to the terms of the 2015 SIP. The 2024 SIP provides for the issuance of a variety of stock-based compensation awards, including RSUs, PSUs, LTIP PSUs, stock appreciation rights, stock bonuses, ISOs, and NQSOs. The maximum aggregate number of shares that may be issued to employees under the 2024 SIP through the exercise of ISOs is 4,500,000. The Company will not grant any further equity awards under the 2015 SIP. Outstanding awards under the 2015 SIP will remain outstanding, unchanged and subject to the terms of the 2015 SIP and their respective award agreements. Shares subject to awards that are forfeited, expire or are otherwise terminated without shares being issued, or shares withheld to pay the exercise price of an award or to satisfy tax withholding obligations, including shares subject to awards granted under the 2015 SIP that are outstanding after March 31, 2024, will be returned to the pool of shares available for grant and issuance under the 2024 SIP. As of September 30, 2024, 7,822,608 shares of common stock remained available for future issuance under the 2024 SIP, subject to adjustment for future stock splits, stock dividends, and similar changes in capitalization. Annual Stock Awards. The Company granted the following awards under the 2015 SIP during the periods presented: Six Months Ended September 30, 2024 2023 Award Type Number of Shares Weighted-Average Grant Date Fair Value Number of Shares Weighted-Average Grant Date Fair Value RSUs 144,462 $ 157.94 212,226 $ 91.65 LTIP PSUs (1) 68,556 171.82 125,076 105.65 (1) The amounts granted are at the target performance level under the terms of the applicable LTIP PSUs. During the six months ended September 30, 2024, with the exception of the RSU and LTIP PSU awards summarized above, no additional material awards were granted under the 2015 SIP. For the LTIP PSUs granted during fiscal years ending March 31, 2025, 2024, and 2023, the Company expects to exceed the minimum threshold target performance criteria based on the Company’s current long-range forecast as of September 30, 2024. Refer to Note 8, “Stock-Based Compensation,” in the Company’s consolidated financial statements in Part IV of the 2024 Annual Report for further information on the Company’s prior grants, including terms of each grant under the 2015 SIP. There were no awards granted under the 2024 SIP during the six months ended September 30, 2024. Employee Stock Purchase Plans. In September 2015, the Company’s stockholders approved the 2015 Employee Stock Purchase Plan (2015 ESPP), which authorized 6,000,000 shares of the Company’s common stock for sale to eligible employees using after-tax payroll deductions. Following the issuance of shares under the 2015 ESPP to employees who are participating in the offering period ending February 28, 2025, the 2015 ESPP will be terminated, and no new offering periods under the 2015 ESPP will commence thereafter. Refer to Note 8, “Stock-Based Compensation,” in the Company’s consolidated financial statements in Part IV of the 2024 Annual Report for additional information related to the terms of the 2015 ESPP. In September 2024, the Company’s stockholders approved the 2024 Employee Stock Purchase Plan (2024 ESPP), which is intended to replace the 2015 ESPP. The 2024 ESPP reserves 6,000,000 shares of the Company’s common stock for sale to eligible employees. The terms of the 2024 ESPP are substantially similar to the terms of the 2015 ESPP. Each offering period under the 2024 ESPP is anticipated to run for approximately six months with purchases occurring on the last day of each offering period at a 15% discount to the closing price on that date. The first offering period is expected to commence on March 1, 2025. Unrecognized Stock-Based Compensation. Total remaining unrecognized stock-based compensation as of September 30, 2024, related to non-vested awards that the Company considers probable to vest and the weighted-average period over which the cost is expected to be recognized in future periods, is as follows: Award Type Unrecognized Stock-Based Compensation Weighted-Average RSUs $ 30,176 1.4 LTIP PSUs 26,295 1.2 Total $ 56,471

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	6 Months Ended
DERIVATIVE INSTRUMENTS	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS	DERIVATIVE INSTRUMENTS The Company enters into foreign currency forward or option contracts (derivative contracts) with maturities of 15 months or less to manage foreign currency risk and certain of these derivative contracts are designated as cash flow hedges of forecasted sales (Designated Derivative Contracts). The after-tax unrealized gains or losses from changes in fair value of Designated Derivative Contracts are recorded as a component of accumulated other comprehensive loss (AOCL) in the condensed consolidated balance sheets 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. When it is probable that a forecasted transaction will not occur, the Company discontinues hedge accounting and the accumulated gains or losses in AOCL related to the hedging relationship are immediately recorded in OCI in the condensed consolidated statements of comprehensive income. Refer to Note 1, “General,” in the Company’s consolidated financial statements in Part IV of the 2024 Annual Report for further information regarding the Company’s derivative instruments accounting policy. The Company also enters into derivative contracts that are not designated as cash flow hedges (Non-Designated Derivative Contracts), to offset a portion of the anticipated gains and losses on certain intercompany balances until the expected time of repayment. Changes in the fair value of Non-Designated Derivative Contracts are recorded in SG&A expenses in the condensed consolidated statements of comprehensive income. The changes in fair value for these contracts are generally offset by the remeasurement gains or losses associated with the underlying foreign currency-denominated intercompany balances, which are recorded in SG&A expenses in the condensed consolidated statements of comprehensive income. As of September 30, 2024, the Company has the following derivative contracts recorded at fair value in the condensed consolidated balance sheets: Designated Non-Designated Derivative Contracts Total Notional value $ 191,009 $ 11,144 $ 202,153 Fair value recorded in other current assets 103 45 148 Fair value recorded in other accrued expenses (4,688) — (4,688) As of September 30, 2024, four counterparties hold the Company’s outstanding derivative contracts, all of which are expected to mature in the next six months. As of March 31, 2024, the Company had no outstanding derivative contracts. The following table summarizes the effect of Designated Derivative Contracts and the related income tax effects of unrealized gains or losses recorded in the condensed consolidated statements of comprehensive income for changes in AOCL: Three Months Ended September 30, Six Months Ended September 30, 2024 2023 2024 2023 (Loss) gain recorded in OCI $ (5,488) $ 4,705 $ (4,356) $ 5,116 Reclassifications from AOCL into net sales (228) (170) (228) (149) Income tax benefit (expense) in OCI 1,394 (1,132) 1,118 (1,212) Total $ (4,322) $ 3,403 $ (3,466) $ 3,755 The non-performance risk of the Company and its counterparties did not have a material impact on the fair value of its derivative contracts. As of September 30, 2024, the amount of unrealized gains on derivative contracts recorded in AOCL is expected to be reclassified into net sales within the next six months. Refer to Note 8, “Stockholders’ Equity,” for further information on the components of AOCL.

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	6 Months Ended
STOCKHOLDERS’ EQUITY	Sep. 30, 2024
Stockholders' Equity Note [Abstract]
STOCKHOLDERS’ EQUITY	STOCKHOLDERS’ EQUITY Stock Repurchase Program. The Company’s Board of Directors (Board) has approved various authorizations under the Company’s stock repurchase program to repurchase shares of its common stock in the open market or in privately negotiated transactions, subject to market conditions, applicable legal requirements, and other factors (collectively, the stock repurchase program). As of September 30, 2024, the aggregate remaining approved amount under the stock repurchase program is $685,413. The stock repurchase program does not obligate the Company to acquire any amount of common stock and may be suspended at any time at the Company’s discretion. Stock repurchase activity under the Company’s stock repurchase program was as follows: Six Months Ended September 30, 2024 2023 Total number of shares repurchased (1) 1,747,680 2,396,328 Weighted average price per share paid $ 146.65 $ 88.03 Dollar value of shares repurchased (2) (3) $ 256,290 $ 210,938 (1) All share repurchases were made pursuant to the Company’s stock repurchase program in open-market transactions. (2) The dollar value of shares repurchased excludes the cost of broker commissions, excise taxes, and other costs. (3) May not calculate on rounded dollars. Subsequent to September 30, 2024, through October 11, 2024, the Company repurchased 85,960 shares at a weighted average price of $158.54 per share for $13,628 and had $671,785 remaining authorized under the stock repurchase program. Accumulated Other Comprehensive Loss. The components within AOCL, net of tax, recorded in the condensed consolidated balance sheets, are as follows: September 30, 2024 March 31, 2024 Unrealized loss on cash flow hedges $ (3,466) $ — Cumulative foreign currency translation loss (40,292) (50,733) Total $ (43,758) $ (50,733)

BASIC AND DILUTED SHARES

BASIC AND DILUTED SHARES	6 Months Ended
BASIC AND DILUTED SHARES	Sep. 30, 2024
Earnings Per Share [Abstract]
BASIC AND DILUTED SHARES	BASIC AND DILUTED SHARES The reconciliation of basic to diluted weighted-average common shares outstanding was as follows: Three Months Ended September 30, Six Months Ended September 30, 2024 2023 2024 2023 Basic 152,240,000 156,188,000 152,552,000 156,586,000 Dilutive effect of equity awards 538,000 882,000 575,000 917,000 Diluted 152,778,000 157,070,000 153,127,000 157,503,000 Excluded RSUs 91,000 112,000 92,000 199,000 LTIP PSUs 422,000 700,000 422,000 700,000 Excluded Awards. The equity awards excluded from the calculation of the dilutive effect have been excluded due to one of the following: (1) the shares were antidilutive; (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 antidilutive). 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. Refer to Note 6, “Stock-Based Compensation,” within this Quarterly Report and to Note 8, “Stock-Based Compensation,” in the Company’s consolidated financial statements in Part IV of the 2024 Annual Report for further information on the Company’s equity incentive plans.

REPORTABLE OPERATING SEGMENTS

REPORTABLE OPERATING SEGMENTS	6 Months Ended
REPORTABLE OPERATING SEGMENTS	Sep. 30, 2024
Segment Reporting [Abstract]
REPORTABLE OPERATING SEGMENTS	REPORTABLE OPERATING SEGMENTS Information reported to the CODM, who is the Company’s Chief Executive Officer (CEO), President, and Principal Executive Officer (PEO), is organized into the Company’s five reportable operating segments and is consistent with how the CODM evaluates performance and allocates resources. The CODM reviews such operations in the aggregate with the reportable operating segments. Segment Net Sales and Income from Operations. The Company evaluates reportable operating segment performance primarily based on net sales and income (loss) from operations. The wholesale operations of each brand are 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 warehouses and DCs, certain executive and stock-based compensation, accounting, finance, legal, IT, human resources, and facilities, among others. Inter-segment sales from the Company’s wholesale reportable operating segments to the DTC reportable operating segment are at the Company’s cost, and there is no inter-segment profit on these inter-segment sales, nor are they reflected in income (loss) from operations of the wholesale reportable operating segments 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 September 30, Six Months Ended September 30, 2024 2023 2024 2023 Net sales UGG brand wholesale $ 512,401 $ 451,841 $ 654,954 $ 573,386 HOKA brand wholesale 362,344 262,973 695,076 523,820 Teva brand wholesale 12,132 12,150 43,491 47,282 Sanuk brand wholesale (1) 1,895 3,348 6,328 9,818 Other brands wholesale 24,881 29,862 28,586 31,289 Direct-to-Consumer (1) 397,667 331,733 708,232 582,103 Total $ 1,311,320 $ 1,091,907 $ 2,136,667 $ 1,767,698 Three Months Ended September 30, Six Months Ended September 30, 2024 2023 2024 2023 Income (loss) from operations UGG brand wholesale $ 195,494 $ 165,902 $ 233,924 $ 182,768 HOKA brand wholesale 115,941 81,873 240,635 168,397 Teva brand wholesale (1,216) (647) 5,573 8,590 Sanuk brand wholesale (1) (3,258) (303) (1,655) 456 Other brands wholesale 2,023 6,459 466 4,418 Direct-to-Consumer (1) 143,447 112,255 249,857 187,717 Unallocated overhead costs (147,345) (140,922) (290,907) (256,993) Total $ 305,086 $ 224,617 $ 437,893 $ 295,353 (1) Represents financial results from July 1, 2024 and April 1, 2024, through the Sanuk Brand Sale Date for the current period. Refer to the section titled “Reportable Operating Segments,” in Note 1, “General,” for further information. Segment Assets. Assets allocated to each reportable operating segment include trade accounts receivable, net, inventories, 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: September 30, 2024 March 31, 2024 Assets UGG brand wholesale $ 803,422 $ 247,136 HOKA brand wholesale 448,495 436,147 Teva brand wholesale 39,776 81,703 Sanuk brand wholesale (1) 929 18,526 Other brands wholesale 41,390 9,379 Direct-to-Consumer 285,241 263,840 Total assets from reportable operating segments 1,619,253 1,056,731 Unallocated cash and cash equivalents 1,225,681 1,502,051 Unallocated deferred tax assets, net 73,322 72,584 Unallocated other corporate assets 479,880 504,213 Total $ 3,398,136 $ 3,135,579 (1) Effective on the Sanuk Brand Sale Date, the Sanuk brand and certain related assets were sold and the balance as of September 30, 2024 primarily represents unsold accounts receivable yet to be collected, all within the former Sanuk brand wholesale reportable operating segment. Refer to the section titled “Reportable Operating Segments,” in Note 1, “General,” for further information.

CONCENTRATION OF BUSINESS

CONCENTRATION OF BUSINESS	6 Months Ended
CONCENTRATION OF BUSINESS	Sep. 30, 2024
Risks and Uncertainties [Abstract]
CONCENTRATION OF BUSINESS	CONCENTRATION OF BUSINESS Regions and Customers. The Company sells its products globally to customers and consumers in various countries, with net sales concentrations as follows: Three Months Ended September 30, Six Months Ended September 30, 2024 2023 2024 2023 International net sales $ 457,410 $ 343,874 $ 766,901 $ 600,130 % of net sales 34.9 % 31.5 % 35.9 % 33.9 % Net sales in foreign currencies $ 375,182 $ 292,344 $ 552,806 $ 441,315 % of net sales 28.6 % 26.8 % 25.9 % 25.0 % Ten largest global customers as % of net sales 32.5 % 33.6 % 27.6 % 27.9 % For the three and six months ended September 30, 2024, and 2023, no single foreign country comprised 10.0% or more of the Company’s total net sales. For the three and six months ended September 30, 2024, and 2023, no single global customer accounted for 10.0% or more of the Company’s total net sales. As of September 30, 2024, the Company has one customer that represents 12.1% of trade accounts receivable, net, compared to two customers that in total represented 31.2% of trade accounts receivable, net as of March 31, 2024. 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. Long-Lived Assets. Long-lived assets, which consist of property and equipment, net, recorded in the condensed consolidated balance sheets, are as follows: September 30, 2024 March 31, 2024 United States $ 282,872 $ 270,561 Foreign (1) 36,708 31,561 Total $ 319,580 $ 302,122 (1) No single foreign country’s property and equipment, net, represents 10.0% or more of the Company’s total property and equipment, net, as of September 30, 2024, and March 31, 2024.

SUPPLIER FINANCE PROGRAM

SUPPLIER FINANCE PROGRAM	6 Months Ended
SUPPLIER FINANCE PROGRAM	Sep. 30, 2024
Payables and Accruals [Abstract]
SUPPLIER FINANCE PROGRAM	SUPPLIER FINANCE PROGRAM Supplier Finance Program. The Company has a voluntary SFP administered through a third-party platform that provides the Company’s independent manufacturers that supply its inventory (inventory suppliers) the opportunity to sell their receivables due from the Company to participating financial institutions in advance of the invoice due date, at the sole discretion of both inventory suppliers and the financial institutions. The Company is not party to the agreements between these third parties and has no economic interest in an inventory suppliers’ decision to sell a receivable. The Company’s payment obligations, including the amounts due and payment terms, which generally do not exceed 90 days, are not impacted by the inventory suppliers’ election to participate in the SFP, and the Company provides no guarantees to any third parties under the SFP. Accordingly, amounts due to inventory suppliers that elected to participate in the SFP are presented in trade accounts payable in the condensed consolidated balance sheets. As of September 30, 2024, and March 31, 2024, the Company had $2,354 and $3,483, respectively, of balances outstanding related to the SFP recorded in trade accounts payable in the condensed consolidated balance sheets. Payments made in connection with the SFP are reported as cash used in operating activities in the trade accounts payable line item of the condensed consolidated statements of cash flows.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net income	$ 242,321	$ 115,625	$ 178,547	$ 63,552	$ 357,946	$ 242,099

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

GENERAL (Policies)

GENERAL (Policies)	6 Months Ended
GENERAL (Policies)	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation. The unaudited condensed consolidated financial statements and accompanying notes thereto (referred to herein as condensed consolidated financial statements) as of September 30, 2024, and for the three and six months ended September 30, 2024 (current period), and 2023 (prior period) are prepared in accordance with generally accepted accounting principles in the US (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, 2024, is 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, 2024 (prior fiscal year), which was filed with the SEC on May 24, 2024 (2024 Annual Report). Forward Stock Split and Authorized Share Increase. On September 13, 2024, the Company (i) effected a six-for-one forward stock split of its common stock and preferred stock (the stock split), and (ii) increased the number of authorized shares of its common stock from 125,000,000 to 750,000,000, and the number of authorized shares of its capital stock from 130,000,000 to 755,000,000 (the authorized share increase). The stock split and the authorized share increase were effected through the filing of an amendment to the Company’s Amended and Restated Certificate of Incorporation (Charter Amendment) with the Secretary of State of the State of Delaware, which was approved by the Company’s stockholders at the Annual Meeting of Stockholders held on September 9, 2024 (Annual Meeting). The Charter Amendment did not provide for any increase in the number of authorized shares of preferred stock, which remains at 5,000,000 shares. There are no shares of preferred stock outstanding as of September 30, 2024, and March 31, 2024. As a result of the stock split, every one share of common stock outstanding on September 6, 2024, the record date for the stock split, was automatically split into six shares of common stock. The common stock commenced t rading on a post-stock split adjusted basis on September 17, 2024. All prior period results included in the condensed consolidated financial statements and the related notes within this Quarterly Report have been retroactively adjusted to reflect the effectiveness of the stock split and the authorized share increase. Specifically, all share and per share amounts have been adjusted, including: (i) the number of shares authorized and outstanding on the condensed consolidated balance sheets, (ii) the weighted-average common shares outstanding and the associated earnings per share amounts in the condensed consolidated statements of comprehensive income, as well as the weighted average common shares outstanding disaggregated in Note 9, “Basic and Diluted Shares,” (iii) the number of shares underlying stock awards and the weighted-average grant date fair value of annual stock awards in Note 6, “Stock-Based Compensation,” and (iv) the total number of shares repurchased and the weighted average price per share paid in Note 8, “Stockholders’ Equity.” Further, as there was no change to par value, an amount equal to the par value of the increased shares resulting from the stock split for shares issued was reclassified to common stock from additional paid-in capital, and for share repurchases was reclassified to retained earnings from common stock, in the condensed consolidated balance sheets and the condensed consolidated statements of stockholders’ equity.
Consolidation	Consolidation. The condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
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 macroeconomic factors, including inflation, foreign currency exchange rate volatility, changes in interest rates, changes in commodity pricing, changes in discretionary spending, and recessionary concerns, on its business and operations. Although the full impact of these factors is unknown, 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 the sales return asset and liability; contract assets and liabilities; stock-based compensation; impairment assessments, including goodwill, other intangible assets, and long-lived assets; depreciation and amortization; income tax receivables and liabilities; uncertain tax positions; the fair value of financial instruments; the reasonably certain lease term; lease classification; and the Company’s incremental borrowing rate utilized to measure its operating lease assets and lease liabilities.
Foreign Currency Translation	Foreign Currency Translation. The Company considers the US dollar as its functional currency. The Company’s wholly owned foreign subsidiaries have various assets and liabilities, primarily cash, receivables, and payables, which are denominated in currencies other than its functional currency. The Company remeasures these monetary assets and liabilities using the exchange rate at the end of the reporting period, which results in gains and losses that are recorded in selling, general, and administrative (SG&A) expenses in the condensed consolidated statements of comprehensive income as incurred. In addition, the Company translates assets and liabilities of subsidiaries with reporting currencies other than US dollars into US dollars using the exchange rates at the end of the reporting period, which results in financial statement translation gains and losses recorded in other comprehensive income or loss (OCI) in the condensed consolidated statements of comprehensive income.
Reportable Operating Segments	Reportable Operating Segments. As of September 30, 2024, the Company’s five reportable operating segments include the worldwide wholesale operations of the UGG brand, HOKA brand, Teva brand, and Other brands (primarily consisting of the Koolaburra brand, as well as the recently launched AHNU brand), as well as DTC (collectively, the Company’s reportable operating segments). During the three months ended September 30, 2024, the Company entered into an agreement pursuant to which the buyer agreed to purchase the Sanuk brand and certain related assets which was completed on August 15, 2024 (Sanuk Brand Sale Date). The Company determined that the divestiture of the Sanuk brand did not represent a strategic shift that had or will have a major effect on the condensed consolidated results of operations, and therefore results of this business were not classified as discontinued operations. The Company’s financial results for its reportable operating segments present the former Sanuk brand through the Sanuk Brand Sale Date for the current period. Refer to Note 10, “Reportable Operating Segments,” for further information on the Company’s reportable operating segments. Information reported to the CODM, who is the Company’s Chief Executive Officer (CEO), President, and Principal Executive Officer (PEO), is organized into the Company’s five reportable operating segments and is consistent with how the CODM evaluates performance and allocates resources. The CODM reviews such operations in the aggregate with the reportable operating segments. Segment Net Sales and Income from Operations. The Company evaluates reportable operating segment performance primarily based on net sales and income (loss) from operations. The wholesale operations of each brand are 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 warehouses and DCs, certain executive and stock-based compensation, accounting, finance, legal, IT, human resources, and facilities, among others. Inter-segment sales from the Company’s wholesale reportable operating segments to the DTC reportable operating segment are at the Company’s cost, and there is no inter-segment profit on these inter-segment sales, nor are they reflected in income (loss) from operations of the wholesale reportable operating segments as these transactions are eliminated in consolidation. Segment Assets. Assets allocated to each reportable operating segment include trade accounts receivable, net, inventories, 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.
Recent Accounting Pronouncements	Recent Accounting Pronouncements. The Financial Accounting Standards Board has issued Accounting Standards Updates (ASU) that have been adopted and not yet adopted by the Company as stated below. Recently Adopted. The following is a summary of an ASU adopted by and its impact on the Company: Standard Description Impact Upon Adoption ASU 2022-04 - Supplier Finance Program (SFP) The ASU requires that a buyer in a SFP disclose qualitative and quantitative information about its program on an interim basis, including the nature of the SFP and key terms, outstanding amounts as of the end of the reporting period, and presentation in its financial statements. The interim portion of this ASU is effective on a retrospective basis for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. Early adoption is permitted. The annual requirement that requires a buyer in a SFP disclose an activity roll forward of outstanding balances as of the end of the reporting period has not yet been adopted. This annual portion of this ASU is effective on a prospective basis for fiscal years beginning after December 15, 2023. Early adoption is not permitted. The Company retrospectively adopted this ASU beginning on April 1, 2023, except for the roll forward requirements. This ASU did not have a material impact on the recognition, measurement, or presentation of supplier finance programs in the Company’s annual and interim consolidated financial statements. However, it did result in additional disclosure. Refer to Note 11, “Supplier Finance Program,” for further information on the Company’s SFP key terms and outstanding balances recorded in the condensed consolidated balance sheets. The Company plans to adopt the annual roll forward requirement beginning with its fiscal year (FY) ending March 31, 2025, and does not expect the adoption to have a material impact on its consolidated financial statements. Not Yet Adopted. The following is a summary of each ASU that has been issued and is applicable to the Company, but which has not yet been adopted, as well as the planned period of adoption, and the expected impact on the Company upon adoption: Standard Description Planned Period of Adoption Expected Impact on Adoption ASU 2023-07 - Improvements to Reportable Segment Disclosures The ASU requires annual and interim disclosures of significant segment expenses, including an amount and composition description for other segment items, and how reported measures of profit or loss are used by the chief operating decision maker (CODM) in assessing segment performance and deciding how to allocate resources. The ASU is effective on a retrospective basis for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. Q4 FY 2025 The Company is currently evaluating the impact of the adoption of this ASU on its disclosures in its annual and interim consolidated financial statements. ASU 2023-09 - Improvements to Income Tax Disclosures The ASU requires annual disclosures of prescribed standard categories for the components of the effective tax rate reconciliation, disclosure of income taxes paid disaggregated by jurisdiction, and other income-tax related disclosures. The ASU is effective on a prospective basis, with retrospective application permitted, for fiscal years beginning after December 15, 2024. Early adoption is permitted. Q4 FY 2026 The Company is currently evaluating the impact of the adoption of this ASU on its disclosures in its annual and interim consolidated financial statements.
Revenue Recognition	Disaggregated Revenue. Refer to Note 10, “Reportable Operating Segments,” for further information on the Company’s disaggregation of revenue by reportable operating segment. Sales Return Asset and Liability. Sales returns are a refund asset for the right to recover the inventory and a refund liability for the stand-ready right of return. The refund asset for the right to recover the inventory is recorded in other current assets and the related refund liability is recorded in other accrued expenses in the condensed consolidated balance sheets. Contract Liabilities. Contract liabilities are recorded in other accrued expenses in the condensed consolidated balance sheets and include loyalty programs and other deferred revenue.
Derivative Instruments	The Company enters into foreign currency forward or option contracts (derivative contracts) with maturities of 15 months or less to manage foreign currency risk and certain of these derivative contracts are designated as cash flow hedges of forecasted sales (Designated Derivative Contracts). The after-tax unrealized gains or losses from changes in fair value of Designated Derivative Contracts are recorded as a component of accumulated other comprehensive loss (AOCL) in the condensed consolidated balance sheets 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. When it is probable that a forecasted transaction will not occur, the Company discontinues hedge accounting and the accumulated gains or losses in AOCL related to the hedging relationship are immediately recorded in OCI in the condensed consolidated statements of comprehensive income. Refer to Note 1, “General,” in the Company’s consolidated financial statements in Part IV of the 2024 Annual Report for further information regarding the Company’s derivative instruments accounting policy. The Company also enters into derivative contracts that are not designated as cash flow hedges (Non-Designated Derivative Contracts), to offset a portion of the anticipated gains and losses on certain intercompany balances until the expected time of repayment. 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	Excluded Awards. The equity awards excluded from the calculation of the dilutive effect have been excluded due to one of the following: (1) the shares were antidilutive; (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 antidilutive). 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. Refer to Note 6, “Stock-Based Compensation,” within this Quarterly Report and to Note 8, “Stock-Based Compensation,” in the Company’s consolidated financial statements in Part IV of the 2024 Annual Report for further information on the Company’s equity incentive plans.
Supplier Finance Program	The Company has a voluntary SFP administered through a third-party platform that provides the Company’s independent manufacturers that supply its inventory (inventory suppliers) the opportunity to sell their receivables due from the Company to participating financial institutions in advance of the invoice due date, at the sole discretion of both inventory suppliers and the financial institutions. The Company is not party to the agreements between these third parties and has no economic interest in an inventory suppliers’ decision to sell a receivable.

GENERAL (Tables)

GENERAL (Tables)	6 Months Ended
GENERAL (Tables)	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Accounting Pronouncements Recently Adopted and Not Yet Adopted	The Financial Accounting Standards Board has issued Accounting Standards Updates (ASU) that have been adopted and not yet adopted by the Company as stated below. Recently Adopted. The following is a summary of an ASU adopted by and its impact on the Company: Standard Description Impact Upon Adoption ASU 2022-04 - Supplier Finance Program (SFP) The ASU requires that a buyer in a SFP disclose qualitative and quantitative information about its program on an interim basis, including the nature of the SFP and key terms, outstanding amounts as of the end of the reporting period, and presentation in its financial statements. The interim portion of this ASU is effective on a retrospective basis for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. Early adoption is permitted. The annual requirement that requires a buyer in a SFP disclose an activity roll forward of outstanding balances as of the end of the reporting period has not yet been adopted. This annual portion of this ASU is effective on a prospective basis for fiscal years beginning after December 15, 2023. Early adoption is not permitted. The Company retrospectively adopted this ASU beginning on April 1, 2023, except for the roll forward requirements. This ASU did not have a material impact on the recognition, measurement, or presentation of supplier finance programs in the Company’s annual and interim consolidated financial statements. However, it did result in additional disclosure. Refer to Note 11, “Supplier Finance Program,” for further information on the Company’s SFP key terms and outstanding balances recorded in the condensed consolidated balance sheets. The Company plans to adopt the annual roll forward requirement beginning with its fiscal year (FY) ending March 31, 2025, and does not expect the adoption to have a material impact on its consolidated financial statements. Not Yet Adopted. The following is a summary of each ASU that has been issued and is applicable to the Company, but which has not yet been adopted, as well as the planned period of adoption, and the expected impact on the Company upon adoption: Standard Description Planned Period of Adoption Expected Impact on Adoption ASU 2023-07 - Improvements to Reportable Segment Disclosures The ASU requires annual and interim disclosures of significant segment expenses, including an amount and composition description for other segment items, and how reported measures of profit or loss are used by the chief operating decision maker (CODM) in assessing segment performance and deciding how to allocate resources. The ASU is effective on a retrospective basis for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. Q4 FY 2025 The Company is currently evaluating the impact of the adoption of this ASU on its disclosures in its annual and interim consolidated financial statements. ASU 2023-09 - Improvements to Income Tax Disclosures The ASU requires annual disclosures of prescribed standard categories for the components of the effective tax rate reconciliation, disclosure of income taxes paid disaggregated by jurisdiction, and other income-tax related disclosures. The ASU is effective on a prospective basis, with retrospective application permitted, for fiscal years beginning after December 15, 2024. Early adoption is permitted. Q4 FY 2026 The Company is currently evaluating the impact of the adoption of this ASU on its disclosures in its annual and interim consolidated financial statements.

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	6 Months Ended
REVENUE RECOGNITION (Tables)	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Activity Related to Estimated Sales Returns, Loyalty Program Activity and Deferred Revenue	The following tables summarize changes in the estimated sales returns for the periods presented: Recovery Asset Refund Liability Balance, March 31, 2024 $ 13,866 $ (55,327) Net additions to sales return liability (1) 32,846 (123,196) Actual returns (26,056) 114,513 Balance, September 30, 2024 $ 20,656 $ (64,010) Recovery Asset Refund Liability Balance, March 31, 2023 $ 15,685 $ (45,322) Net additions to sales return liability (1) 24,298 (106,824) Actual returns (24,192) 97,969 Balance, September 30, 2023 $ 15,791 $ (54,177) (1) Net additions to the sales return liability include a provision for anticipated sales returns, which consists of both contractual return rights and discretionary authorized returns. Loyalty Programs. Activity related to loyalty programs was as follows: Six Months Ended September 30, 2024 2023 Beginning balance $ (17,586) $ (13,144) Redemptions and expirations for loyalty certificates and points recognized in net sales 11,103 10,022 Deferred revenue for loyalty points and certificates issued (13,536) (11,269) Ending balance $ (20,019) $ (14,391) Deferred Revenue. Activity related to deferred revenue was as follows: Six Months Ended September 30, 2024 2023 Beginning balance $ (9,591) $ (13,448) Additions of customer cash payments (50,829) (33,089) Revenue recognized 36,332 30,032 Ending balance $ (24,088) $ (16,505)

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
FAIR VALUE MEASUREMENTS (Tables)	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	Assets and liabilities that are measured on a recurring basis at fair value in the condensed consolidated balance sheets are as follows: As of Measured Using September 30, 2024 Level 1 Level 2 Level 3 Assets: Cash equivalents: Money-market funds $ 842,807 $ 842,807 $ — $ — Other current assets: Designated Derivative Contracts asset 103 — 103 — Non-Designated Derivative Contracts asset 45 — 45 — Other assets: Non-qualified deferred compensation asset 16,406 16,406 — — Total assets measured at fair value $ 859,361 $ 859,213 $ 148 $ — Liabilities: Other accrued expenses: Designated Derivative Contracts liability $ (4,688) $ — $ (4,688) $ — Non-qualified deferred compensation liability (1,200) (1,200) — — Other long-term liabilities: Non-qualified deferred compensation liability (24,358) (24,358) — — Total liabilities measured at fair value $ (30,246) $ (25,558) $ (4,688) $ — As of Measured Using March 31, 2024 Level 1 Level 2 Level 3 Assets: Cash equivalents: Money-market funds $ 1,152,083 $ 1,152,083 $ — $ — Other assets: Non-qualified deferred compensation asset 13,553 13,553 — — Total assets measured at fair value $ 1,165,636 $ 1,165,636 $ — $ — Liabilities: Other accrued expenses: Non-qualified deferred compensation liability $ (408) $ (408) $ — $ — Other long-term liabilities: Non-qualified deferred compensation liability (16,229) (16,229) — — Total liabilities measured at fair value $ (16,637) $ (16,637) $ — $ —

INCOME TAXES (Tables)

INCOME TAXES (Tables)	6 Months Ended
INCOME TAXES (Tables)	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation	Income tax expense and the effective income tax rate were as follows: Three Months Ended September 30, Six Months Ended September 30, 2024 2023 2024 2023 Income tax expense $ 76,591 $ 55,770 $ 110,119 $ 73,582 Effective income tax rate 24.0 % 23.8 % 23.5 % 23.3 %

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
COMMITMENTS AND CONTINGENCIES (Tables)	Sep. 30, 2024
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, were as follows: Three Months Ended September 30, Six Months Ended September 30, 2024 2023 2024 2023 Non-cash operating activities (1) Operating lease assets obtained in exchange for lease liabilities $ 3,762 $ 13,152 $ 16,098 $ 34,739 Reductions to operating lease assets for reductions to lease liabilities (15) (7,606) (1,121) (7,671) (1) Amounts disclosed include non-cash additions or reductions resulting from lease remeasurements, as well as reductions for tenant improvement allowances.

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	6 Months Ended
STOCK-BASED COMPENSATION (Tables)	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Annual Stock Awards	The Company granted the following awards under the 2015 SIP during the periods presented: Six Months Ended September 30, 2024 2023 Award Type Number of Shares Weighted-Average Grant Date Fair Value Number of Shares Weighted-Average Grant Date Fair Value RSUs 144,462 $ 157.94 212,226 $ 91.65 LTIP PSUs (1) 68,556 171.82 125,076 105.65 (1) The amounts granted are at the target performance level under the terms of the applicable LTIP PSUs.
Schedule of Unrecognized Stock-Based Compensation	Total remaining unrecognized stock-based compensation as of September 30, 2024, related to non-vested awards that the Company considers probable to vest and the weighted-average period over which the cost is expected to be recognized in future periods, is as follows: Award Type Unrecognized Stock-Based Compensation Weighted-Average RSUs $ 30,176 1.4 LTIP PSUs 26,295 1.2 Total $ 56,471

DERIVATIVE INSTRUMENTS (Tables)

DERIVATIVE INSTRUMENTS (Tables)	6 Months Ended
DERIVATIVE INSTRUMENTS (Tables)	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	As of September 30, 2024, the Company has the following derivative contracts recorded at fair value in the condensed consolidated balance sheets: Designated Non-Designated Derivative Contracts Total Notional value $ 191,009 $ 11,144 $ 202,153 Fair value recorded in other current assets 103 45 148 Fair value recorded in other accrued expenses (4,688) — (4,688)
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 of unrealized gains or losses recorded in the condensed consolidated statements of comprehensive income for changes in AOCL: Three Months Ended September 30, Six Months Ended September 30, 2024 2023 2024 2023 (Loss) gain recorded in OCI $ (5,488) $ 4,705 $ (4,356) $ 5,116 Reclassifications from AOCL into net sales (228) (170) (228) (149) Income tax benefit (expense) in OCI 1,394 (1,132) 1,118 (1,212) Total $ (4,322) $ 3,403 $ (3,466) $ 3,755

STOCKHOLDERS_ EQUITY (Tables)

STOCKHOLDERS’ EQUITY (Tables)	6 Months Ended
STOCKHOLDERS’ EQUITY (Tables)	Sep. 30, 2024
Stockholders' Equity Note [Abstract]
Schedule of Stock Repurchases	Stock repurchase activity under the Company’s stock repurchase program was as follows: Six Months Ended September 30, 2024 2023 Total number of shares repurchased (1) 1,747,680 2,396,328 Weighted average price per share paid $ 146.65 $ 88.03 Dollar value of shares repurchased (2) (3) $ 256,290 $ 210,938 (1) All share repurchases were made pursuant to the Company’s stock repurchase program in open-market transactions. (2) The dollar value of shares repurchased excludes the cost of broker commissions, excise taxes, and other costs. (3) May not calculate on rounded dollars.
Components of Accumulated Other Comprehensive Loss	The components within AOCL, net of tax, recorded in the condensed consolidated balance sheets, are as follows: September 30, 2024 March 31, 2024 Unrealized loss on cash flow hedges $ (3,466) $ — Cumulative foreign currency translation loss (40,292) (50,733) Total $ (43,758) $ (50,733)

BASIC AND DILUTED SHARES (Table

BASIC AND DILUTED SHARES (Tables)	6 Months Ended
BASIC AND DILUTED SHARES (Tables)	Sep. 30, 2024
Earnings Per Share [Abstract]
Schedule of Weighted Average Number of Shares	The reconciliation of basic to diluted weighted-average common shares outstanding was as follows: Three Months Ended September 30, Six Months Ended September 30, 2024 2023 2024 2023 Basic 152,240,000 156,188,000 152,552,000 156,586,000 Dilutive effect of equity awards 538,000 882,000 575,000 917,000 Diluted 152,778,000 157,070,000 153,127,000 157,503,000 Excluded RSUs 91,000 112,000 92,000 199,000 LTIP PSUs 422,000 700,000 422,000 700,000

REPORTABLE OPERATING SEGMENTS (

REPORTABLE OPERATING SEGMENTS (Tables)	6 Months Ended
REPORTABLE OPERATING SEGMENTS (Tables)	Sep. 30, 2024
Segment Reporting [Abstract]
Schedule of Business Segments Information	Reportable operating segment information, with a reconciliation to the condensed consolidated statements of comprehensive income, was as follows: Three Months Ended September 30, Six Months Ended September 30, 2024 2023 2024 2023 Net sales UGG brand wholesale $ 512,401 $ 451,841 $ 654,954 $ 573,386 HOKA brand wholesale 362,344 262,973 695,076 523,820 Teva brand wholesale 12,132 12,150 43,491 47,282 Sanuk brand wholesale (1) 1,895 3,348 6,328 9,818 Other brands wholesale 24,881 29,862 28,586 31,289 Direct-to-Consumer (1) 397,667 331,733 708,232 582,103 Total $ 1,311,320 $ 1,091,907 $ 2,136,667 $ 1,767,698 Three Months Ended September 30, Six Months Ended September 30, 2024 2023 2024 2023 Income (loss) from operations UGG brand wholesale $ 195,494 $ 165,902 $ 233,924 $ 182,768 HOKA brand wholesale 115,941 81,873 240,635 168,397 Teva brand wholesale (1,216) (647) 5,573 8,590 Sanuk brand wholesale (1) (3,258) (303) (1,655) 456 Other brands wholesale 2,023 6,459 466 4,418 Direct-to-Consumer (1) 143,447 112,255 249,857 187,717 Unallocated overhead costs (147,345) (140,922) (290,907) (256,993) Total $ 305,086 $ 224,617 $ 437,893 $ 295,353 (1) Represents financial results from July 1, 2024 and April 1, 2024, through the Sanuk Brand Sale Date for the current period. Refer to the section titled “Reportable Operating Segments,” in Note 1, “General,” for further information. Assets allocated to each reportable operating segment, with a reconciliation to the condensed consolidated balance sheets, are as follows: September 30, 2024 March 31, 2024 Assets UGG brand wholesale $ 803,422 $ 247,136 HOKA brand wholesale 448,495 436,147 Teva brand wholesale 39,776 81,703 Sanuk brand wholesale (1) 929 18,526 Other brands wholesale 41,390 9,379 Direct-to-Consumer 285,241 263,840 Total assets from reportable operating segments 1,619,253 1,056,731 Unallocated cash and cash equivalents 1,225,681 1,502,051 Unallocated deferred tax assets, net 73,322 72,584 Unallocated other corporate assets 479,880 504,213 Total $ 3,398,136 $ 3,135,579 (1) Effective on the Sanuk Brand Sale Date, the Sanuk brand and certain related assets were sold and the balance as of September 30, 2024 primarily represents unsold accounts receivable yet to be collected, all within the former Sanuk brand wholesale reportable operating segment. Refer to the section titled “Reportable Operating Segments,” in Note 1, “General,” for further information.

CONCENTRATION OF BUSINESS (Tabl

CONCENTRATION OF BUSINESS (Tables)	6 Months Ended
CONCENTRATION OF BUSINESS (Tables)	Sep. 30, 2024
Risks and Uncertainties [Abstract]
Schedule of Revenue Concentration of Risk	The Company sells its products globally to customers and consumers in various countries, with net sales concentrations as follows: Three Months Ended September 30, Six Months Ended September 30, 2024 2023 2024 2023 International net sales $ 457,410 $ 343,874 $ 766,901 $ 600,130 % of net sales 34.9 % 31.5 % 35.9 % 33.9 % Net sales in foreign currencies $ 375,182 $ 292,344 $ 552,806 $ 441,315 % of net sales 28.6 % 26.8 % 25.9 % 25.0 % Ten largest global customers as % of net sales 32.5 % 33.6 % 27.6 % 27.9 %
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: September 30, 2024 March 31, 2024 United States $ 282,872 $ 270,561 Foreign (1) 36,708 31,561 Total $ 319,580 $ 302,122 (1) No single foreign country’s property and equipment, net, represents 10.0% or more of the Company’s total property and equipment, net, as of September 30, 2024, and March 31, 2024.

GENERAL (Details)

GENERAL (Details)		2 Months Ended
GENERAL (Details)	Sep. 13, 2024 shares	Sep. 30, 2024 proprietary_brand segment shares	Sep. 12, 2024 shares	Mar. 31, 2024 shares
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of proprietary brands \| proprietary_brand		5
Stock split ratio	6
Common stock, authorized shares (in shares)	750,000,000	750,000,000	125,000,000	750,000,000
Capital stock shares authorized (in shares)	755,000,000		130,000,000
Preferred stock, authorized shares (in shares)	5,000,000
Preferred stock, shares outstanding (in shares)		0		0
Number of reportable segments \| segment		5

REVENUE RECOGNITION - Schedule

REVENUE RECOGNITION - Schedule of Contract Assets and Contract Liabilities (Details) - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Recovery Asset
Beginning balance	$ 13,866	$ 15,685
Net additions to sales return liability	32,846	24,298
Actual returns	(26,056)	(24,192)
Ending balance	20,656	15,791
Refund Liability
Beginning balance	(55,327)	(45,322)
Net additions to sales return liability	(123,196)	(106,824)
Actual returns	114,513	97,969
Ending balance	$ (64,010)	$ (54,177)

REVENUE RECOGNITION - Schedul_2

REVENUE RECOGNITION - Schedule of Loyalty Programs (Details) - Loyalty Programs - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Contract with Customer, Loyalty Program [Roll Forward]
Beginning balance	$ (17,586)	$ (13,144)
Redemptions and expirations for loyalty certificates and points recognized in net sales	11,103	10,022
Deferred revenue for loyalty points and certificates issued	(13,536)	(11,269)
Ending balance	$ (20,019)	$ (14,391)

REVENUE RECOGNITION - Schedul_3

REVENUE RECOGNITION - Schedule of Deferred Revenue (Details) - Wholesale - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Contract With Customer, Liability [Roll Forward]
Beginning balance	$ (9,591)	$ (13,448)
Additions of customer cash payments	(50,829)	(33,089)
Revenue recognized	36,332	30,032
Ending balance	$ (24,088)	$ (16,505)

FAIR VALUE MEASUREMENTS - Sched

FAIR VALUE MEASUREMENTS - Schedule of Fair Value Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Mar. 31, 2024
Assets:
Money-market funds	$ 842,807	$ 1,152,083
Designated Derivative Contracts asset	148
Non-qualified deferred compensation asset	16,406	13,553
Total assets measured at fair value	859,361	1,165,636
Liabilities:
Designated Derivative Contracts liability	(4,688)
Non-qualified deferred compensation liability	(1,200)	(408)
Non-qualified deferred compensation liability	(24,358)	(16,229)
Total liabilities measured at fair value	(30,246)	(16,637)
Designated Derivative Contracts asset
Assets:
Designated Derivative Contracts asset	103
Liabilities:
Designated Derivative Contracts liability	(4,688)
Non-Designated Derivative Contracts asset
Assets:
Designated Derivative Contracts asset	45
Liabilities:
Designated Derivative Contracts liability	0
Level 1
Assets:
Money-market funds	842,807	1,152,083
Non-qualified deferred compensation asset	16,406	13,553
Total assets measured at fair value	859,213	1,165,636
Liabilities:
Designated Derivative Contracts liability	0
Non-qualified deferred compensation liability	(1,200)	(408)
Non-qualified deferred compensation liability	(24,358)	(16,229)
Total liabilities measured at fair value	(25,558)	(16,637)
Level 1 \| Designated Derivative Contracts asset
Assets:
Designated Derivative Contracts asset	0
Level 1 \| Non-Designated Derivative Contracts asset
Assets:
Designated Derivative Contracts asset	0
Level 2
Assets:
Money-market funds	0	0
Non-qualified deferred compensation asset	0	0
Total assets measured at fair value	148	0
Liabilities:
Designated Derivative Contracts liability	(4,688)
Non-qualified deferred compensation liability	0	0
Non-qualified deferred compensation liability	0	0
Total liabilities measured at fair value	(4,688)	0
Level 2 \| Designated Derivative Contracts asset
Assets:
Designated Derivative Contracts asset	103
Level 2 \| Non-Designated Derivative Contracts asset
Assets:
Designated Derivative Contracts asset	45
Level 3
Assets:
Money-market funds	0	0
Non-qualified deferred compensation asset	0	0
Total assets measured at fair value	0	0
Liabilities:
Designated Derivative Contracts liability	0
Non-qualified deferred compensation liability	0	0
Non-qualified deferred compensation liability	0	0
Total liabilities measured at fair value	0	$ 0
Level 3 \| Designated Derivative Contracts asset
Assets:
Designated Derivative Contracts asset	0
Level 3 \| Non-Designated Derivative Contracts asset
Assets:
Designated Derivative Contracts asset	$ 0

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
INCOME TAXES (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income tax expense	$ 76,591	$ 55,770	$ 110,119	$ 73,582
Effective income tax rate	24%	23.80%	23.50%	23.30%

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Schedule of Supplemental Lease Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Operating lease assets obtained in exchange for lease liabilities	$ 3,762	$ 13,152	$ 16,098	$ 34,739
Reductions to operating lease assets for reductions to lease liabilities	$ (15)	$ (7,606)	$ (1,121)	$ (7,671)

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Narrative (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Aggregated estimated obligation	$ 15,734

STOCK-BASED COMPENSATION - Narr

STOCK-BASED COMPENSATION - Narrative (Details)		1 Months Ended	6 Months Ended
STOCK-BASED COMPENSATION - Narrative (Details)	Sep. 09, 2024 shares	Sep. 30, 2024 shares	Sep. 30, 2024 shares	Sep. 30, 2015 shares
Stock Incentive Plan 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)				7,650,000
Stock Incentive Plan 2015 \| Restricted Stock Units (RSUs) and Long-Term Incentive Plan PSUs (LTIP PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)			0
Stock Incentive Plan 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	7,800,000
Number of shares reducing the number of shares authorized for shares granted under the 2015 SIP after March 31, 2024 and prior to September 9, 2024, the effective date of the 2024 SIP, subject to an increase from the return of shares under the 2015 SIP	1
Maximum number of shares that may be issued through exercise of stock options (in shares)		4,500,000	4,500,000
Common stock reserved for future issuance (in shares)		7,822,608	7,822,608
Granted (in shares)			0
Employee Stock Purchase Plan 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)				6,000,000
Employee Stock Purchase Plan 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)		6,000,000	6,000,000
Discount on purchase price of common stock, percent		15%
Award purchase period		6 months

STOCK-BASED COMPENSATION - Sche

STOCK-BASED COMPENSATION - Schedule of Annual Stock Awards (Details) - Stock Incentive Plan 2015 - $ / shares	6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
RSUs
Number of Shares
Granted (in shares)	144,462	212,226
Weighted-Average Grant Date Fair Value
Weighted-average grant date fair value (in dollars per share)	$ 157.94	$ 91.65
LTIP PSUs
Number of Shares
Granted (in shares)	68,556	125,076
Weighted-Average Grant Date Fair Value
Weighted-average grant date fair value (in dollars per share)	$ 171.82	$ 105.65

STOCK-BASED COMPENSATION - Sc_2

STOCK-BASED COMPENSATION - Schedule of Unrecognized Stock-Based Compensation (Details) $ in Thousands	6 Months Ended
	Sep. 30, 2024 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Stock-Based Compensation	$ 56,471
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Stock-Based Compensation	$ 30,176
Weighted-Average Remaining Vesting Period (Years)	1 year 4 months 24 days
LTIP PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Stock-Based Compensation	$ 26,295
Weighted-Average Remaining Vesting Period (Years)	1 year 2 months 12 days

DERIVATIVE INSTRUMENTS (Details

DERIVATIVE INSTRUMENTS (Details) $ in Thousands	3 Months Ended		6 Months Ended
DERIVATIVE INSTRUMENTS (Details) $ in Thousands	Sep. 30, 2024 USD ($) counterparty	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) counterparty	Sep. 30, 2023 USD ($)	Mar. 31, 2024 USD ($)
Foreign currency exchange contracts and hedging
Notional value	$ 202,153		$ 202,153		$ 0
Fair value recorded in other current assets	148		148
Fair value recorded in other accrued expenses	$ (4,688)		$ (4,688)
Number of counterparties in derivative contracts \| counterparty	4		4
Maturity period (in months)	6 months		6 months
(Loss) gain recorded in OCI	$ (5,488)	$ 4,705	$ (4,356)	$ 5,116
Reclassifications from AOCL into net sales	(228)	(170)	(228)	(149)
Income tax benefit (expense) in OCI	1,394	(1,132)	1,118	(1,212)
Unrealized (loss) gain on cash flow hedges	(4,322)	$ 3,403	$ (3,466)	$ 3,755
Reclassification period of unrealized gain into net sales (in months)			6 months
Designated Derivative Contracts asset
Foreign currency exchange contracts and hedging
Notional value	191,009		$ 191,009
Fair value recorded in other current assets	103		103
Fair value recorded in other accrued expenses	(4,688)		(4,688)
Non-Designated Derivative Contracts asset
Foreign currency exchange contracts and hedging
Notional value	11,144		11,144
Fair value recorded in other current assets	45		45
Fair value recorded in other accrued expenses	$ 0		$ 0
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

STOCKHOLDERS_ EQUITY - Narrativ

STOCKHOLDERS’ EQUITY - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended				6 Months Ended
	Oct. 11, 2024	Sep. 30, 2024	Jun. 30, 2024	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Equity, Class of Treasury Stock [Line Items]
Dollar value of shares that may yet be repurchased, excluding excise taxes		$ 685,413				$ 685,413
Shares repurchased (in shares)						1,747,680	2,396,328
Weighted average price per share paid (in dollars per share)		$ 146.65		$ 88.03		$ 146.65	$ 88.03
Dollar value of shares repurchased		$ 104,323	$ 151,967	$ 185,469	$ 25,469	$ 256,290	$ 210,938
Subsequent Event
Equity, Class of Treasury Stock [Line Items]
Dollar value of shares that may yet be repurchased, excluding excise taxes	$ 671,785
Shares repurchased (in shares)	85,960
Weighted average price per share paid (in dollars per share)	$ 158.54
Dollar value of shares repurchased	$ 13,628

STOCKHOLDERS_ EQUITY - Stock Re

STOCKHOLDERS’ EQUITY - Stock Repurchase Programs (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Stockholders' Equity Note [Abstract]
Total number of shares repurchased (in shares)					1,747,680	2,396,328
Weighted average price per share paid (in dollars per share)	$ 146.65		$ 88.03		$ 146.65	$ 88.03
Dollar value of shares repurchased	$ 104,323	$ 151,967	$ 185,469	$ 25,469	$ 256,290	$ 210,938

STOCKHOLDERS_ EQUITY - Accumula

STOCKHOLDERS’ EQUITY - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Mar. 31, 2024
Stockholders' Equity Note [Abstract]
Unrealized loss on cash flow hedges	$ (3,466)	$ 0
Cumulative foreign currency translation loss	(40,292)	(50,733)
Total	$ (43,758)	$ (50,733)

BASIC AND DILUTED SHARES (Detai

BASIC AND DILUTED SHARES (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Basic (in shares)	152,240	156,188	152,552	156,586
Dilutive effect of equity awards (in shares)	538	882	575	917
Diluted (in shares)	152,778	157,070	153,127	157,503
RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	91	112	92	199
LTIP PSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	422	700	422	700

REPORTABLE OPERATING SEGMENTS_2

REPORTABLE OPERATING SEGMENTS (Details) $ in Thousands	2 Months Ended	3 Months Ended		6 Months Ended
REPORTABLE OPERATING SEGMENTS (Details) $ in Thousands	Sep. 30, 2024 USD ($) segment	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Mar. 31, 2024 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments \| segment	5
Net sales		$ 1,311,320	$ 1,091,907	$ 2,136,667	$ 1,767,698
Income (loss) from operations		305,086	224,617	437,893	295,353
Assets	$ 3,398,136	3,398,136		3,398,136		$ 3,135,579
Unallocated cash and cash equivalents	1,225,681	1,225,681		1,225,681		1,502,051
Unallocated deferred tax assets, net	73,322	73,322		73,322		72,584
Reportable segments
Segment Reporting Information [Line Items]
Assets	1,619,253	1,619,253		1,619,253		1,056,731
Reportable segments \| UGG brand
Segment Reporting Information [Line Items]
Net sales		512,401	451,841	654,954	573,386
Income (loss) from operations		195,494	165,902	233,924	182,768
Assets	803,422	803,422		803,422		247,136
Reportable segments \| Hoka brand
Segment Reporting Information [Line Items]
Net sales		362,344	262,973	695,076	523,820
Income (loss) from operations		115,941	81,873	240,635	168,397
Assets	448,495	448,495		448,495		436,147
Reportable segments \| Teva brand
Segment Reporting Information [Line Items]
Net sales		12,132	12,150	43,491	47,282
Income (loss) from operations		(1,216)	(647)	5,573	8,590
Assets	39,776	39,776		39,776		81,703
Reportable segments \| Sanuk brand
Segment Reporting Information [Line Items]
Net sales		1,895	3,348	6,328	9,818
Income (loss) from operations		(3,258)	(303)	(1,655)	456
Assets	929	929		929		18,526
Reportable segments \| Other brands
Segment Reporting Information [Line Items]
Net sales		24,881	29,862	28,586	31,289
Income (loss) from operations		2,023	6,459	466	4,418
Assets	41,390	41,390		41,390		9,379
Reportable segments \| Direct-to-Consumer
Segment Reporting Information [Line Items]
Net sales		397,667	331,733	708,232	582,103
Income (loss) from operations		143,447	112,255	249,857	187,717
Assets	285,241	285,241		285,241		263,840
Unallocated
Segment Reporting Information [Line Items]
Income (loss) from operations		(147,345)	$ (140,922)	(290,907)	$ (256,993)
Unallocated cash and cash equivalents	1,225,681	1,225,681		1,225,681		1,502,051
Unallocated deferred tax assets, net	73,322	73,322		73,322		72,584
Corporate
Segment Reporting Information [Line Items]
Unallocated other corporate assets	$ 479,880	$ 479,880		$ 479,880		$ 504,213

CONCENTRATION OF BUSINESS (Deta

CONCENTRATION OF BUSINESS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Mar. 31, 2024
Concentration Risk [Line Items]
Net sales	$ 1,311,320	$ 1,091,907	$ 2,136,667	$ 1,767,698
Long-lived assets	$ 319,580		$ 319,580		$ 302,122
Sales Revenue, Net \| Customer Concentration Risk \| 10 Largest Customers
Concentration Risk [Line Items]
Concentration risk	32.50%	33.60%	27.60%	27.90%
Trade Accounts Receivable \| Customer Concentration Risk \| One Customer
Concentration Risk [Line Items]
Concentration risk			12.10%
Trade Accounts Receivable \| Customer Concentration Risk \| Two Customers
Concentration Risk [Line Items]
Concentration risk					31.20%
Foreign
Concentration Risk [Line Items]
Long-lived assets	$ 36,708		$ 36,708		$ 31,561
Foreign \| International net sales
Concentration Risk [Line Items]
Net sales	457,410	$ 343,874	766,901	$ 600,130
Foreign \| Net sales in foreign currencies
Concentration Risk [Line Items]
Net sales	$ 375,182	$ 292,344	$ 552,806	$ 441,315
Foreign \| Sales Revenue, Net \| International net sales
Concentration Risk [Line Items]
Concentration risk	34.90%	31.50%	35.90%	33.90%
Foreign \| Sales Revenue, Net \| Net sales in foreign currencies
Concentration Risk [Line Items]
Concentration risk	28.60%	26.80%	25.90%	25%
United States
Concentration Risk [Line Items]
Long-lived assets	$ 282,872		$ 282,872		$ 270,561

SUPPLIER FINANCE PROGRAM (Detai

SUPPLIER FINANCE PROGRAM (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Mar. 31, 2024
Payables and Accruals [Abstract]
Supplier finance programs, current portion	$ 2,354	$ 3,483