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Shareholders' Equity | 12 Months Ended
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Mar. 31, 2017
Stockholders' Equity Note [Abstract] |
Shareholders' Equity | Shareholders' Equity Share Capital The Company's nominal share capital is CHF 43,276,655, consisting of 173,106,620 shares with a par value of CHF 0.25 each, all of which were issued and 10,726,943 of which were held in treasury shares as of March 31, 2017. In September 2008, the Company's shareholders approved an amendment to reserve conditional capital of 25,000,000 shares for potential issuance on the exercise of rights granted under the Company's employee equity incentive plans. The shareholders also approved the creation of conditional capital representing the issuance of up to 25,000,000 shares to cover any conversion rights under a future convertible bond issuance. This conditional capital was created in order to provide financing flexibility for future expansion, investments or acquisitions. Dividends Pursuant to Swiss corporate law, Logitech International S.A. may only pay dividends in Swiss Francs. The payment of dividends is limited to certain amounts of unappropriated retained earnings (CHF 740.7 million or $740.3 million based on the exchange rate at March 31, 2017) and is subject to shareholder approval. In May 2017, the Board of Directors recommended that the Company pay approximately CHF 100.0 million (approximately $100.0 million based on the exchange rate on March 31, 2017) in cash dividends for fiscal year 2017. In September 2016, the Company declared and paid cash dividends of CHF 0.56 (USD equivalent of $0.57) per common share, totaling approximately $93.1 million in U.S. Dollars, on the Company’s outstanding common stock. In September 2015, the Company declared and paid cash dividends of CHF 0.51 (USD equivalent of $0.53) per common share, totaling approximately $85.9 million in U.S. Dollars, on the Company’s outstanding common stock. In December 2014, Logitech's shareholders approved a cash dividend payment of CHF 43.1 million out of retained earnings to Logitech shareholders. Eligible shareholders were paid CHF 0.26 per share ($0.27 per share in U.S. Dollars), totaling $43.8 million in U.S. Dollars in December 2014. Legal Reserves Under Swiss corporate law, a minimum of 5% of the Company's annual net income must be retained in a legal reserve until this legal reserve equals 20% of the Company's issued and outstanding aggregate par value per share capital. These legal reserves represent an appropriation of retained earnings that are not available for distribution and totaled $9.6 million at March 31, 2017 (based on the exchange rate at March 31, 2017). Share Repurchases In March 2014, the Company's Board of Directors approved the 2014 share buyback program, which authorizes the Company to use up to $250.0 million to purchase its own shares. This share buyback program expired in April 2017. In March 2017, the Company's Board of Directors approved the 2017 share buyback program, which authorizes the Company to use up to $250.0 million to purchase its own shares following the expiration date of 2014 buyback program. The Company's share buyback program is expected to remain in effect for a period of three years. Shares may be repurchased from time to time on the open market, through block trades or otherwise. Purchases may be started or stopped at any time without prior notice depending on market conditions and other factors. A summary of the approved and active share buyback program is shown in the following table (in thousands, excluding transaction costs):
|  | Approved |  | Repurchased
Share Buyback Program |  | Shares |  | Amounts |  | Shares |  | Amounts
March 2014 |  | 17,311 |  |  | $ | 250,000 |  |  | 9,093 |  |  | $ | 155,358 |
March 2017 |  | NA |  |  | 250,000 |  |  | — |  |  | — |
Accumulated Other Comprehensive Loss The components of accumulated other comprehensive loss were as follows (in thousands):
|  | Accumulated Other Comprehensive Income (Loss)
|  | Cumulative Translation Adjustment (1) |  | Defined Benefit Plans(1) |  | Deferred Hedging Gains (Losses) |  | Total
March 31, 2016 |  | $ | (84,038 | ) |  | $ | (26,171 | ) |  | $ | (1,776 | ) |  | $ | (111,985 | )
Other comprehensive income (loss) |  | (5,670 | ) |  | 15,691 |  |  | 1,258 |  |  | 11,279 |
March 31, 2017 |  | $ | (89,708 | ) |  | $ | (10,480 | ) |  | $ | (518 | ) |  | $ | (100,706 | )
_______________________________________ (1) Tax effect was not significant as of March 31, 2017 or 2016.

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