|
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Three Months Ended December 31, | Nine Months Ended December 31, | |||||||||||||||
2015 | 2014 | 2015 | 2014 | |||||||||||||
Net sales | $ | 21,553 | $ | 29,882 | $ | 65,554 | $ | 84,093 | ||||||||
Cost of goods sold | 8,240 | 11,206 | 24,951 | 30,062 | ||||||||||||
Gross profit | 13,313 | 18,676 | 40,603 | 54,031 | ||||||||||||
Operating expenses: | ||||||||||||||||
Marketing and selling | 8,877 | 15,822 | 31,550 | 44,112 | ||||||||||||
Research and development | 4,924 | 6,218 | 16,592 | 17,248 | ||||||||||||
General and administrative | 1,836 | 1,636 | 5,308 | 4,195 | ||||||||||||
Restructuring charges (credits), net | 1,064 | (146 | ) | 8,070 | (111 | ) | ||||||||||
Total operating expenses | 16,701 | 23,530 | 61,520 | 65,444 | ||||||||||||
Operating loss from discontinued operations | (3,388 | ) | (4,854 | ) | (20,917 | ) | (11,413 | ) | ||||||||
Interest expense and other expense, net | (47 | ) | (328 | ) | (180 | ) | (385 | ) | ||||||||
Loss from discontinued operations before income taxes | (3,435 | ) | (5,182 | ) | (21,097 | ) | (11,798 | ) | ||||||||
Benefit from income taxes | (481 | ) | (1,548 | ) | (365 | ) | (737 | ) | ||||||||
Net loss from discontinued operations | $ | (2,954 | ) | $ | (3,634 | ) | $ | (20,732 | ) | $ | (11,061 | ) |
December 31, 2015 | March 31, 2015 | |||||||
Carrying amounts of assets included as part of discontinued operations: | ||||||||
Cash and cash equivalents | $ | 3,905 | $ | 3,659 | ||||
Accounts receivable, net | 10,360 | 12,627 | ||||||
Inventories | 12,708 | 14,749 | ||||||
Other current assets | 1,996 | 1,067 | ||||||
Total current assets | 28,969 | 32,102 | ||||||
Property, plant and equipment, net | 3,965 | 5,115 | ||||||
Other assets | 1,541 | 2,521 | ||||||
Total non-current assets | 5,506 | 7,636 | ||||||
Total assets classified as held for sale on the condensed consolidated balance sheets | $ | 34,475 | $ | 39,738 | ||||
Carrying amounts of liabilities included as part of discontinued operations: | ||||||||
Accounts payable | 2,434 | 7,198 | ||||||
Accrued and other current liabilities | 32,208 | 31,568 | ||||||
Total current liabilities | 34,642 | 38,766 | ||||||
Non-current liabilities | 10,063 | 10,337 | ||||||
Total liabilities classified as held for sale on the condensed consolidated balance sheets | $ | 44,705 | $ | 49,103 |
December 31, 2015 | March 31, 2015 | |||||||
Accounts receivable, net: | ||||||||
Accounts receivable | $ | 13,397 | $ | 16,082 | ||||
Allowance for accounts receivable | (3,037 | ) | (3,455 | ) | ||||
$ | 10,360 | $ | 12,627 | |||||
Inventories: | ||||||||
Raw materials | $ | 574 | $ | 332 | ||||
Finished goods | 12,134 | 14,417 | ||||||
$ | 12,708 | $ | 14,749 | |||||
Property, plant and equipment, net: | ||||||||
Property, plant and equipment | 16,019 | 16,672 | ||||||
Less: accumulated depreciation and amortization | (12,054 | ) | (11,557 | ) | ||||
$ | 3,965 | $ | 5,115 |
December 31, 2015 | March 31, 2015 | |||||||
Accrued and other current liabilities: | ||||||||
Accrued personnel expenses | $ | 4,201 | $ | 3,992 | ||||
Deferred revenue | 24,499 | 24,423 | ||||||
Other current liabilities | 3,508 | 3,153 | ||||||
$ | 32,208 | $ | 31,568 | |||||
Non-current liabilities: | ||||||||
Long term deferred revenue | 9,359 | 9,109 | ||||||
Other non-current liabilities | 704 | 1,228 | ||||||
$ | 10,063 | $ | 10,337 |
|
Three Months Ended December 31, | Nine Months Ended December 31, | |||||||||||||||
2015 | 2014 | 2015 | 2014 | |||||||||||||
Cost of goods sold | $ | 464 | $ | 560 | $ | 1,648 | $ | 1,725 | ||||||||
Marketing and selling | 2,484 | 2,552 | 6,545 | 6,659 | ||||||||||||
Research and development | 846 | 765 | 2,174 | 1,780 | ||||||||||||
General and administrative | 2,668 | 2,520 | 8,917 | 8,565 | ||||||||||||
Restructuring | — | — | 7 | — | ||||||||||||
Total share-based compensation expense | 6,462 | 6,397 | 19,291 | 18,729 | ||||||||||||
Income tax benefit | (1,446 | ) | (1,391 | ) | (2,479 | ) | (4,285 | ) | ||||||||
Total share-based compensation expense, net of income tax | $ | 5,016 | $ | 5,006 | $ | 16,812 | $ | 14,444 |
|
|
December 31, 2015 | March 31, 2015 | |||||||
Accounts receivable, net: | ||||||||
Accounts receivable | $ | 521,772 | $ | 328,373 | ||||
Allowance for doubtful accounts | (666 | ) | (707 | ) | ||||
Allowance for sales returns | (19,838 | ) | (17,236 | ) | ||||
Allowance for cooperative marketing arrangements* | (46,036 | ) | (24,919 | ) | ||||
Allowance for customer incentive programs* | (74,692 | ) | (47,364 | ) | ||||
Allowance for pricing programs* | (96,451 | ) | (70,951 | ) | ||||
$ | 284,089 | $ | 167,196 | |||||
Inventories: | ||||||||
Raw materials | $ | 53,929 | $ | 36,044 | ||||
Finished goods | 186,033 | 219,936 | ||||||
$ | 239,962 | $ | 255,980 | |||||
Other current assets: | ||||||||
Income tax and value-added tax receivables | $ | 25,278 | $ | 19,318 | ||||
Deferred tax assets | 27,798 | 27,790 | ||||||
Prepaid expenses and other assets | 18,585 | 16,254 | ||||||
$ | 71,661 | $ | 63,362 | |||||
Property, plant and equipment, net: | ||||||||
Property, plant and equipment | 368,969 | 332,562 | ||||||
Less: accumulated depreciation and amortization | (269,824 | ) | (246,084 | ) | ||||
$ | 99,145 | $ | 86,478 | |||||
Other assets: | ||||||||
Deferred tax assets | $ | 33,672 | $ | 39,310 | ||||
Trading investments for deferred compensation plan | 15,265 | 17,237 | ||||||
Other assets | 8,334 | 5,786 | ||||||
$ | 57,271 | $ | 62,333 |
December 31, 2015 | March 31, 2015 | |||||||
Accrued and other current liabilities: | ||||||||
Accrued personnel expenses | $ | 52,956 | $ | 46,022 | ||||
Indirect customer incentive programs * | 32,080 | 19,730 | ||||||
Warranty accrual | 12,099 | 12,630 | ||||||
Employee benefit plan obligation | 1,969 | 1,219 | ||||||
Income taxes payable | 3,732 | 5,759 | ||||||
Other current liabilities | 108,383 | 77,984 | ||||||
$ | 211,219 | $ | 163,344 | |||||
Non-current liabilities: | ||||||||
Warranty accrual | $ | 7,407 | $ | 9,080 | ||||
Obligation for deferred compensation plan | 15,265 | 17,237 | ||||||
Employee benefit plan obligation | 49,705 | 51,081 | ||||||
Deferred tax liability | 1,761 | 1,936 | ||||||
Other non-current liabilities | 11,209 | 11,861 | ||||||
$ | 85,347 | $ | 91,195 |
|
December 31, 2015 | March 31, 2015 | |||||||||||||||
Level 1 | Level 2 | Level 1 | Level 2 | |||||||||||||
Cash equivalents: | ||||||||||||||||
Cash equivalents | $ | 80,000 | $ | — | $ | 264,597 | $ | — | ||||||||
$ | 80,000 | $ | — | $ | 264,597 | $ | — | |||||||||
Trading investments for deferred compensation plan: | ||||||||||||||||
Money market funds | $ | 2,898 | $ | — | $ | 2,936 | $ | — | ||||||||
Mutual funds | 12,367 | — | 14,301 | — | ||||||||||||
$ | 15,265 | $ | — | $ | 17,237 | $ | — | |||||||||
Foreign exchange derivative assets | $ | — | $ | 22 | $ | — | $ | 2,080 | ||||||||
Foreign exchange derivative liabilities | $ | — | $ | 1,108 | $ | — | $ | 75 |
Derivatives | ||||||||||||||||
Asset | Liability | |||||||||||||||
December 31, 2015 | March 31, 2015 | December 31, 2015 | March 31, 2015 | |||||||||||||
Cash flow hedges | $ | 17 | $ | 2,080 | $ | 1,032 | $ | — |
Three Months Ended December 31, | ||||||||||||||||||||||||
Amount of
Gain (Loss) Deferred as
a Component of
Accumulated Other
Comprehensive Loss After Reclassification to Costs of Goods Sold | Amount of Loss (Gain) Reclassified from Accumulated Other Comprehensive Loss to Costs of Goods Sold | Amount of Gain (Loss) Immediately Recognized in Other Expense, Net | ||||||||||||||||||||||
2015 | 2014 | 2015 | 2014 | 2015 | 2014 | |||||||||||||||||||
Cash flow hedges | $ | (17 | ) | $ | (739 | ) | $ | 45 | $ | (2,025 | ) | $ | 64 | $ | 36 |
Nine Months Ended December 31, | ||||||||||||||||||||||||
Amount of
Gain (Loss) Deferred as
a Component of
Accumulated Other
Comprehensive Loss After Reclassification to Costs of Goods Sold | Amount of Loss (Gain) Reclassified from Accumulated Other Comprehensive Loss to Costs of Goods Sold | Amount of Gain (Loss) Immediately Recognized in Other Expense, Net | ||||||||||||||||||||||
2015 | 2014 | 2015 | 2014 | 2015 | 2014 | |||||||||||||||||||
Cash flow hedges | $ | (3,679 | ) | $ | 3,198 | $ | (2,443 | ) | $ | (1,840 | ) | $ | 207 | $ | (20 | ) |
|
As of March 31, 2015 | $ | 218,213 | ||
Currency impact | (15 | ) | ||
As of December 31, 2015 | $ | 218,198 |
|
|
Three Months Ended December 31, | Nine Months Ended December 31, | ||||||||||||||
2015 | 2014 | 2015 | 2014 | ||||||||||||
Beginning of the period | $ | 20,399 | $ | 22,204 | $ | 21,710 | $ | 24,380 | |||||||
Provision | 1,870 | 2,381 | 5,804 | 6,607 | |||||||||||
Settlements | (2,763 | ) | (2,493 | ) | (8,008 | ) | (8,895 | ) | |||||||
End of the period | $ | 19,506 | $ | 22,092 | $ | 19,506 | $ | 22,092 |
|
Three Months Ended December 31, | Nine Months Ended December 31, | |||||||||||||||
2015 | 2014 | 2015 | 2014 | |||||||||||||
Mobile Speakers | $ | 85,081 | $ | 62,264 | $ | 206,175 | $ | 139,631 | ||||||||
Gaming | 77,706 | 70,188 | 189,000 | 164,570 | ||||||||||||
Video Collaboration | 26,216 | 16,935 | 67,460 | 45,968 | ||||||||||||
Tablet & Other Accessories | 35,873 | 55,100 | 73,222 | 114,974 | ||||||||||||
Growth | 224,876 | 204,487 | 535,857 | 465,143 | ||||||||||||
Pointing Devices | 139,711 | 141,789 | 381,364 | 382,524 | ||||||||||||
Keyboards & Combos | 116,531 | 114,051 | 324,458 | 325,217 | ||||||||||||
Audio-PC & Wearables | 57,300 | 56,741 | 149,341 | 162,480 | ||||||||||||
PC Webcams | 29,648 | 31,709 | 74,689 | 77,454 | ||||||||||||
Home Control | 25,684 | 25,116 | 48,548 | 56,224 | ||||||||||||
Profit Maximization | 368,874 | 369,406 | 978,400 | 1,003,899 | ||||||||||||
Retail Strategic Sales | 593,750 | 573,893 | 1,514,257 | 1,469,042 | ||||||||||||
Non-Strategic | 817 | 132 | 1,961 | 2,259 | ||||||||||||
Retail | 594,567 | 574,025 | 1,516,218 | 1,471,301 | ||||||||||||
OEM | 26,512 | 30,297 | 71,041 | 91,324 | ||||||||||||
$ | 621,079 | $ | 604,322 | $ | 1,587,259 | $ | 1,562,625 |
Three Months Ended December 31, | Nine Months Ended December 31, | |||||||||||||||
2015 | 2014 | 2015 | 2014 | |||||||||||||
Americas | $ | 279,286 | $ | 266,499 | $ | 719,735 | $ | 678,343 | ||||||||
EMEA | 205,827 | 209,949 | 494,592 | 533,401 | ||||||||||||
Asia Pacific | 135,966 | 127,874 | 372,932 | 350,881 | ||||||||||||
Total net sales | $ | 621,079 | $ | 604,322 | $ | 1,587,259 | $ | 1,562,625 |
December 31, 2015 | March 31, 2015 | |||||||
Americas | $ | 41,170 | $ | 44,263 | ||||
EMEA | 3,294 | 3,473 | ||||||
Asia Pacific | 54,681 | 38,742 | ||||||
$ | 99,145 | $ | 86,478 |
|
Restructuring - Continuing Operations | ||||||||||||||||
Termination Benefits | Lease Exit Costs | Other | Total | |||||||||||||
Accrual balance at March 31, 2015 | $ | — | $ | 954 | $ | — | $ | 954 | ||||||||
Charges, net | 11,469 | — | 69 | 11,538 | ||||||||||||
Cash payments | (3,727 | ) | (796 | ) | (44 | ) | (4,567 | ) | ||||||||
Accrual balance at June 30, 2015 | $ | 7,742 | $ | 158 | $ | 25 | $ | 7,925 | ||||||||
Charges, net | 3,124 | 38 | (16 | ) | 3,146 | |||||||||||
Cash payments | (4,608 | ) | (115 | ) | (9 | ) | (4,732 | ) | ||||||||
Accrual balance at September 30, 2015 | $ | 6,258 | $ | 81 | $ | — | $ | 6,339 | ||||||||
Credits, net | (1,049 | ) | 299 | 84 | (666 | ) | ||||||||||
Cash payments | (1,716 | ) | (255 | ) | 6 | (1,965 | ) | |||||||||
Accrual balance at December 31, 2015 | $ | 3,493 | $ | 125 | $ | 90 | $ | 3,708 |
Restructuring - Discontinued Operations | |||||||||||||||||
Termination Benefits | Lease Exit Costs | Other | Total | ||||||||||||||
Accrual balance at March 31, 2015 | $ | — | $ | 85 | $ | — | $ | 85 | |||||||||
Charges, net | 1,325 | — | 132 | 1,457 | |||||||||||||
Cash payments | (948 | ) | — | (107 | ) | (1,055 | ) | ||||||||||
Accrual balance at June 30, 2015 | $ | 377 | $ | 85 | $ | 25 | $ | 487 | |||||||||
Charges, net | 5,442 | — | 107 | 5,549 | |||||||||||||
Cash payments | (504 | ) | (7 | ) | (132 | ) | (643 | ) | |||||||||
Accrual balance at September 30, 2015 | $ | 5,315 | $ | 78 | $ | — | $ | 5,393 | |||||||||
Charges, net | 376 | — | 688 | 1,064 | |||||||||||||
Cash payments | (3,688 | ) | (7 | ) | (13 | ) | (3,708 | ) | |||||||||
Accrual balance at December 31, 2015 | $ | 2,003 | $ | 71 | $ | 675 | $ | 2,749 | * |
|
|
Three Months Ended December 31, | Nine Months Ended December 31, | |||||||||||||||
2015 | 2014 | 2015 | 2014 | |||||||||||||
Net sales | $ | 21,553 | $ | 29,882 | $ | 65,554 | $ | 84,093 | ||||||||
Cost of goods sold | 8,240 | 11,206 | 24,951 | 30,062 | ||||||||||||
Gross profit | 13,313 | 18,676 | 40,603 | 54,031 | ||||||||||||
Operating expenses: | ||||||||||||||||
Marketing and selling | 8,877 | 15,822 | 31,550 | 44,112 | ||||||||||||
Research and development | 4,924 | 6,218 | 16,592 | 17,248 | ||||||||||||
General and administrative | 1,836 | 1,636 | 5,308 | 4,195 | ||||||||||||
Restructuring charges (credits), net | 1,064 | (146 | ) | 8,070 | (111 | ) | ||||||||||
Total operating expenses | 16,701 | 23,530 | 61,520 | 65,444 | ||||||||||||
Operating loss from discontinued operations | (3,388 | ) | (4,854 | ) | (20,917 | ) | (11,413 | ) | ||||||||
Interest expense and other expense, net | (47 | ) | (328 | ) | (180 | ) | (385 | ) | ||||||||
Loss from discontinued operations before income taxes | (3,435 | ) | (5,182 | ) | (21,097 | ) | (11,798 | ) | ||||||||
Benefit from income taxes | (481 | ) | (1,548 | ) | (365 | ) | (737 | ) | ||||||||
Net loss from discontinued operations | $ | (2,954 | ) | $ | (3,634 | ) | $ | (20,732 | ) | $ | (11,061 | ) |
December 31, 2015 | March 31, 2015 | |||||||
Carrying amounts of assets included as part of discontinued operations: | ||||||||
Cash and cash equivalents | $ | 3,905 | $ | 3,659 | ||||
Accounts receivable, net | 10,360 | 12,627 | ||||||
Inventories | 12,708 | 14,749 | ||||||
Other current assets | 1,996 | 1,067 | ||||||
Total current assets | 28,969 | 32,102 | ||||||
Property, plant and equipment, net | 3,965 | 5,115 | ||||||
Other assets | 1,541 | 2,521 | ||||||
Total non-current assets | 5,506 | 7,636 | ||||||
Total assets classified as held for sale on the condensed consolidated balance sheets | $ | 34,475 | $ | 39,738 | ||||
Carrying amounts of liabilities included as part of discontinued operations: | ||||||||
Accounts payable | 2,434 | 7,198 | ||||||
Accrued and other current liabilities | 32,208 | 31,568 | ||||||
Total current liabilities | 34,642 | 38,766 | ||||||
Non-current liabilities | 10,063 | 10,337 | ||||||
Total liabilities classified as held for sale on the condensed consolidated balance sheets | $ | 44,705 | $ | 49,103 |
December 31, 2015 | March 31, 2015 | |||||||
Accounts receivable, net: | ||||||||
Accounts receivable | $ | 13,397 | $ | 16,082 | ||||
Allowance for accounts receivable | (3,037 | ) | (3,455 | ) | ||||
$ | 10,360 | $ | 12,627 | |||||
Inventories: | ||||||||
Raw materials | $ | 574 | $ | 332 | ||||
Finished goods | 12,134 | 14,417 | ||||||
$ | 12,708 | $ | 14,749 | |||||
Property, plant and equipment, net: | ||||||||
Property, plant and equipment | 16,019 | 16,672 | ||||||
Less: accumulated depreciation and amortization | (12,054 | ) | (11,557 | ) | ||||
$ | 3,965 | $ | 5,115 |
December 31, 2015 | March 31, 2015 | |||||||
Accrued and other current liabilities: | ||||||||
Accrued personnel expenses | $ | 4,201 | $ | 3,992 | ||||
Deferred revenue | 24,499 | 24,423 | ||||||
Other current liabilities | 3,508 | 3,153 | ||||||
$ | 32,208 | $ | 31,568 | |||||
Non-current liabilities: | ||||||||
Long term deferred revenue | 9,359 | 9,109 | ||||||
Other non-current liabilities | 704 | 1,228 | ||||||
$ | 10,063 | $ | 10,337 |
|
Three Months Ended December 31, | Nine Months Ended December 31, | |||||||||||||||
2015 | 2014 | 2015 | 2014 | |||||||||||||
Cost of goods sold | $ | 464 | $ | 560 | $ | 1,648 | $ | 1,725 | ||||||||
Marketing and selling | 2,484 | 2,552 | 6,545 | 6,659 | ||||||||||||
Research and development | 846 | 765 | 2,174 | 1,780 | ||||||||||||
General and administrative | 2,668 | 2,520 | 8,917 | 8,565 | ||||||||||||
Restructuring | — | — | 7 | — | ||||||||||||
Total share-based compensation expense | 6,462 | 6,397 | 19,291 | 18,729 | ||||||||||||
Income tax benefit | (1,446 | ) | (1,391 | ) | (2,479 | ) | (4,285 | ) | ||||||||
Total share-based compensation expense, net of income tax | $ | 5,016 | $ | 5,006 | $ | 16,812 | $ | 14,444 |
|
December 31, 2015 | March 31, 2015 | |||||||
Accounts receivable, net: | ||||||||
Accounts receivable | $ | 521,772 | $ | 328,373 | ||||
Allowance for doubtful accounts | (666 | ) | (707 | ) | ||||
Allowance for sales returns | (19,838 | ) | (17,236 | ) | ||||
Allowance for cooperative marketing arrangements* | (46,036 | ) | (24,919 | ) | ||||
Allowance for customer incentive programs* | (74,692 | ) | (47,364 | ) | ||||
Allowance for pricing programs* | (96,451 | ) | (70,951 | ) | ||||
$ | 284,089 | $ | 167,196 | |||||
Inventories: | ||||||||
Raw materials | $ | 53,929 | $ | 36,044 | ||||
Finished goods | 186,033 | 219,936 | ||||||
$ | 239,962 | $ | 255,980 | |||||
Other current assets: | ||||||||
Income tax and value-added tax receivables | $ | 25,278 | $ | 19,318 | ||||
Deferred tax assets | 27,798 | 27,790 | ||||||
Prepaid expenses and other assets | 18,585 | 16,254 | ||||||
$ | 71,661 | $ | 63,362 | |||||
Property, plant and equipment, net: | ||||||||
Property, plant and equipment | 368,969 | 332,562 | ||||||
Less: accumulated depreciation and amortization | (269,824 | ) | (246,084 | ) | ||||
$ | 99,145 | $ | 86,478 | |||||
Other assets: | ||||||||
Deferred tax assets | $ | 33,672 | $ | 39,310 | ||||
Trading investments for deferred compensation plan | 15,265 | 17,237 | ||||||
Other assets | 8,334 | 5,786 | ||||||
$ | 57,271 | $ | 62,333 |
December 31, 2015 | March 31, 2015 | |||||||
Accrued and other current liabilities: | ||||||||
Accrued personnel expenses | $ | 52,956 | $ | 46,022 | ||||
Indirect customer incentive programs * | 32,080 | 19,730 | ||||||
Warranty accrual | 12,099 | 12,630 | ||||||
Employee benefit plan obligation | 1,969 | 1,219 | ||||||
Income taxes payable | 3,732 | 5,759 | ||||||
Other current liabilities | 108,383 | 77,984 | ||||||
$ | 211,219 | $ | 163,344 | |||||
Non-current liabilities: | ||||||||
Warranty accrual | $ | 7,407 | $ | 9,080 | ||||
Obligation for deferred compensation plan | 15,265 | 17,237 | ||||||
Employee benefit plan obligation | 49,705 | 51,081 | ||||||
Deferred tax liability | 1,761 | 1,936 | ||||||
Other non-current liabilities | 11,209 | 11,861 | ||||||
$ | 85,347 | $ | 91,195 |
|
December 31, 2015 | March 31, 2015 | |||||||||||||||
Level 1 | Level 2 | Level 1 | Level 2 | |||||||||||||
Cash equivalents: | ||||||||||||||||
Cash equivalents | $ | 80,000 | $ | — | $ | 264,597 | $ | — | ||||||||
$ | 80,000 | $ | — | $ | 264,597 | $ | — | |||||||||
Trading investments for deferred compensation plan: | ||||||||||||||||
Money market funds | $ | 2,898 | $ | — | $ | 2,936 | $ | — | ||||||||
Mutual funds | 12,367 | — | 14,301 | — | ||||||||||||
$ | 15,265 | $ | — | $ | 17,237 | $ | — | |||||||||
Foreign exchange derivative assets | $ | — | $ | 22 | $ | — | $ | 2,080 | ||||||||
Foreign exchange derivative liabilities | $ | — | $ | 1,108 | $ | — | $ | 75 |
Derivatives | ||||||||||||||||
Asset | Liability | |||||||||||||||
December 31, 2015 | March 31, 2015 | December 31, 2015 | March 31, 2015 | |||||||||||||
Cash flow hedges | $ | 17 | $ | 2,080 | $ | 1,032 | $ | — |
Three Months Ended December 31, | ||||||||||||||||||||||||
Amount of
Gain (Loss) Deferred as
a Component of
Accumulated Other
Comprehensive Loss After Reclassification to Costs of Goods Sold | Amount of Loss (Gain) Reclassified from Accumulated Other Comprehensive Loss to Costs of Goods Sold | Amount of Gain (Loss) Immediately Recognized in Other Expense, Net | ||||||||||||||||||||||
2015 | 2014 | 2015 | 2014 | 2015 | 2014 | |||||||||||||||||||
Cash flow hedges | $ | (17 | ) | $ | (739 | ) | $ | 45 | $ | (2,025 | ) | $ | 64 | $ | 36 |
Nine Months Ended December 31, | ||||||||||||||||||||||||
Amount of
Gain (Loss) Deferred as
a Component of
Accumulated Other
Comprehensive Loss After Reclassification to Costs of Goods Sold | Amount of Loss (Gain) Reclassified from Accumulated Other Comprehensive Loss to Costs of Goods Sold | Amount of Gain (Loss) Immediately Recognized in Other Expense, Net | ||||||||||||||||||||||
2015 | 2014 | 2015 | 2014 | 2015 | 2014 | |||||||||||||||||||
Cash flow hedges | $ | (3,679 | ) | $ | 3,198 | $ | (2,443 | ) | $ | (1,840 | ) | $ | 207 | $ | (20 | ) |
|
As of March 31, 2015 | $ | 218,213 | ||
Currency impact | (15 | ) | ||
As of December 31, 2015 | $ | 218,198 |
|
Three Months Ended December 31, | Nine Months Ended December 31, | ||||||||||||||
2015 | 2014 | 2015 | 2014 | ||||||||||||
Beginning of the period | $ | 20,399 | $ | 22,204 | $ | 21,710 | $ | 24,380 | |||||||
Provision | 1,870 | 2,381 | 5,804 | 6,607 | |||||||||||
Settlements | (2,763 | ) | (2,493 | ) | (8,008 | ) | (8,895 | ) | |||||||
End of the period | $ | 19,506 | $ | 22,092 | $ | 19,506 | $ | 22,092 |
|
Three Months Ended December 31, | Nine Months Ended December 31, | |||||||||||||||
2015 | 2014 | 2015 | 2014 | |||||||||||||
Mobile Speakers | $ | 85,081 | $ | 62,264 | $ | 206,175 | $ | 139,631 | ||||||||
Gaming | 77,706 | 70,188 | 189,000 | 164,570 | ||||||||||||
Video Collaboration | 26,216 | 16,935 | 67,460 | 45,968 | ||||||||||||
Tablet & Other Accessories | 35,873 | 55,100 | 73,222 | 114,974 | ||||||||||||
Growth | 224,876 | 204,487 | 535,857 | 465,143 | ||||||||||||
Pointing Devices | 139,711 | 141,789 | 381,364 | 382,524 | ||||||||||||
Keyboards & Combos | 116,531 | 114,051 | 324,458 | 325,217 | ||||||||||||
Audio-PC & Wearables | 57,300 | 56,741 | 149,341 | 162,480 | ||||||||||||
PC Webcams | 29,648 | 31,709 | 74,689 | 77,454 | ||||||||||||
Home Control | 25,684 | 25,116 | 48,548 | 56,224 | ||||||||||||
Profit Maximization | 368,874 | 369,406 | 978,400 | 1,003,899 | ||||||||||||
Retail Strategic Sales | 593,750 | 573,893 | 1,514,257 | 1,469,042 | ||||||||||||
Non-Strategic | 817 | 132 | 1,961 | 2,259 | ||||||||||||
Retail | 594,567 | 574,025 | 1,516,218 | 1,471,301 | ||||||||||||
OEM | 26,512 | 30,297 | 71,041 | 91,324 | ||||||||||||
$ | 621,079 | $ | 604,322 | $ | 1,587,259 | $ | 1,562,625 |
Three Months Ended December 31, | Nine Months Ended December 31, | |||||||||||||||
2015 | 2014 | 2015 | 2014 | |||||||||||||
Americas | $ | 279,286 | $ | 266,499 | $ | 719,735 | $ | 678,343 | ||||||||
EMEA | 205,827 | 209,949 | 494,592 | 533,401 | ||||||||||||
Asia Pacific | 135,966 | 127,874 | 372,932 | 350,881 | ||||||||||||
Total net sales | $ | 621,079 | $ | 604,322 | $ | 1,587,259 | $ | 1,562,625 |
December 31, 2015 | March 31, 2015 | |||||||
Americas | $ | 41,170 | $ | 44,263 | ||||
EMEA | 3,294 | 3,473 | ||||||
Asia Pacific | 54,681 | 38,742 | ||||||
$ | 99,145 | $ | 86,478 |
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Restructuring - Continuing Operations | ||||||||||||||||
Termination Benefits | Lease Exit Costs | Other | Total | |||||||||||||
Accrual balance at March 31, 2015 | $ | — | $ | 954 | $ | — | $ | 954 | ||||||||
Charges, net | 11,469 | — | 69 | 11,538 | ||||||||||||
Cash payments | (3,727 | ) | (796 | ) | (44 | ) | (4,567 | ) | ||||||||
Accrual balance at June 30, 2015 | $ | 7,742 | $ | 158 | $ | 25 | $ | 7,925 | ||||||||
Charges, net | 3,124 | 38 | (16 | ) | 3,146 | |||||||||||
Cash payments | (4,608 | ) | (115 | ) | (9 | ) | (4,732 | ) | ||||||||
Accrual balance at September 30, 2015 | $ | 6,258 | $ | 81 | $ | — | $ | 6,339 | ||||||||
Credits, net | (1,049 | ) | 299 | 84 | (666 | ) | ||||||||||
Cash payments | (1,716 | ) | (255 | ) | 6 | (1,965 | ) | |||||||||
Accrual balance at December 31, 2015 | $ | 3,493 | $ | 125 | $ | 90 | $ | 3,708 |
Restructuring - Discontinued Operations | |||||||||||||||||
Termination Benefits | Lease Exit Costs | Other | Total | ||||||||||||||
Accrual balance at March 31, 2015 | $ | — | $ | 85 | $ | — | $ | 85 | |||||||||
Charges, net | 1,325 | — | 132 | 1,457 | |||||||||||||
Cash payments | (948 | ) | — | (107 | ) | (1,055 | ) | ||||||||||
Accrual balance at June 30, 2015 | $ | 377 | $ | 85 | $ | 25 | $ | 487 | |||||||||
Charges, net | 5,442 | — | 107 | 5,549 | |||||||||||||
Cash payments | (504 | ) | (7 | ) | (132 | ) | (643 | ) | |||||||||
Accrual balance at September 30, 2015 | $ | 5,315 | $ | 78 | $ | — | $ | 5,393 | |||||||||
Charges, net | 376 | — | 688 | 1,064 | |||||||||||||
Cash payments | (3,688 | ) | (7 | ) | (13 | ) | (3,708 | ) | |||||||||
Accrual balance at December 31, 2015 | $ | 2,003 | $ | 71 | $ | 675 | $ | 2,749 | * |
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