XML 40 R23.htm IDEA: XBRL DOCUMENT v3.7.0.1
Segment Information
12 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Segment Information
Segment Information
As discussed in "Note 2 — Summary of Significant Accounting Policies", the Company has determined that it operates in a single operating segment that encompasses the design, manufacturing and marketing of peripherals for PCs, tablets and other digital platforms. Operating performance measures are provided directly to the Company's Chief Executive Officer (“CEO”), who is considered to be the Company’s Chief Operating Decision Maker. The CEO periodically reviews information such as net sales and operating income (loss) to make business decisions. These operating performance measures do not include restructuring charges (credits), net, share-based compensation expense, amortization of intangible assets, charges from the purchase accounting effect on inventory, acquisition-related costs, investigation and related expenses, or change in fair value of acquisition-related contingent consideration.
Net sales by product categories and sales channels, excluding intercompany transactions, were as follows (in thousands):
 
 
Years Ended March 31,
 
 
2017
 
2016
 
2015
Mobile Speakers
 
$
301,021

 
$
229,718

 
$
178,038

Audio-PC & Wearables
 
246,390

 
196,013

 
213,496

Gaming
 
314,362

 
245,101

 
211,911

Video Collaboration
 
127,009

 
89,322

 
62,215

Home Control
 
65,510

 
59,075

 
68,060

Pointing Devices
 
501,562

 
492,543

 
487,210

Keyboards & Combos
 
480,312

 
430,190

 
426,117

Tablet & Other Accessories
 
76,879

 
103,886

 
140,994

PC Webcams
 
107,087

 
98,641

 
96,680

Other (1)
 
1,295

 
2,570

 
2,725

Total net retail sales
 
2,221,427

 
1,947,059

 
1,887,446

OEM
 

 
71,041

 
117,462

Total net sales
 
$
2,221,427

 
$
2,018,100

 
$
2,004,908

______________________________________

(1)
Other category includes products that the Company currently intends to transition out of, or have already transitioned out of, because they are no longer strategic to the Company's business.
Net sales by geographic region for fiscal years 2017, 2016 and 2015 (based on the customers' location) were as follows (in thousands):
 
 
Years Ended March 31,
 
 
2017
 
2016
 
2015
Americas
 
$
963,674

 
$
881,379

 
$
864,761

EMEA
 
746,898

 
645,694

 
670,890

Asia Pacific
 
510,855

 
491,027

 
469,257

 
 
$
2,221,427

 
$
2,018,100

 
$
2,004,908


The United States represented 37%, 38% and 36% of net sales for the fiscal years 2017, 2016 and 2015, respectively. Germany represented 17% of net sales for the fiscal year 2017. No other single country represented more than 10% of net sales during these periods. Revenues from net sales to customers in Switzerland, the Company's home domicile, represented 2% of net sales for each of fiscal years 2017, 2016 and 2015.
Geographic long-lived assets information, primarily fixed assets, are reported below based on the location of the asset (in thousands):
 
 
March 31,
 
 
2017
 
2016
 
 
 
 
 
Americas
 
$
37,242

 
$
40,221

EMEA
 
4,006

 
3,194

Asia Pacific
 
44,160

 
49,445

 
 
$
85,408

 
$
92,860


Long-lived assets in the United States and China were $37.1 million and $37.2 million, respectively, as of March 31, 2017, and $40.0 million and $44.5 million, respectively, as of March 31, 2016. No other countries represented more than 10% of the Company's total consolidated long-lived assets at March 31, 2017 or 2016. Long-lived assets in Switzerland, the Company's home domicile, were $2.1 million and $1.7 million at March 31, 2017 and 2016, respectively.