XML 23 R19.htm IDEA: XBRL DOCUMENT v3.19.3
Segment Information
6 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Segment Information Segment Information
 
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 CEO, who is considered to be the Company’s Chief Operating Decision Maker. The CEO periodically reviews information such as sales and adjusted 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 or change in fair value of contingent consideration from business acquisition.

Sales by product categories and sales channels, excluding intercompany transactions, for the three and six months ended September 30, 2019 and 2018 were as follows (in thousands):
 
 
Three Months Ended
September 30,
 
Six Months Ended
September 30,
 
 
2019
 
2018
 
2019
 
2018
Pointing Devices
 
$
132,770

 
$
128,337

 
$
254,753

 
$
256,127

Keyboards & Combos
 
139,049

 
131,872

 
267,728

 
260,094

PC Webcams
 
28,748

 
28,221

 
56,876

 
57,895

Tablet & Other Accessories
 
33,847

 
36,710

 
72,186

 
69,146

Video Collaboration
 
89,553

 
57,176

 
162,977

 
115,968

Mobile Speakers
 
57,232

 
77,100

 
107,648

 
111,427

Audio & Wearables
 
68,018

 
61,560

 
126,642

 
113,714

Gaming
 
161,014

 
160,792

 
295,529

 
296,818

Smart Home
 
9,434

 
9,241

 
19,298

 
18,252

Other (1)
 
26

 
137

 
279

 
185

Total sales
 
$
719,691

 
$
691,146

 
$
1,363,916

 
$
1,299,626


(1) Other category includes products that the Company currently intends to phase out, or has already phased out, because they are no longer strategic to the Company's business.
Sales by geographic region (based on the customers’ locations) for the three and six months ended September 30, 2019 and 2018 were as follows (in thousands):
 
 
Three Months Ended
September 30,
 
Six Months Ended
September 30,
 
 
2019
 
2018
 
2019
 
2018
Americas
 
$
296,837

 
$
283,714

 
$
590,282

 
$
560,642

EMEA
 
231,981

 
218,300

 
411,087

 
378,932

Asia Pacific
 
190,873

 
189,132

 
362,547

 
360,052

Total sales
 
$
719,691

 
$
691,146

 
$
1,363,916

 
$
1,299,626


 
Sales are attributed to countries on the basis of the customers’ locations.

The United States, Germany, and China each represented more than 10% of the total consolidated sales for each of the periods presented herein. No other countries represented 10% or more of the Company’s total consolidated sales for the periods presented herein.

Switzerland, the Company’s home domicile, represented 4% and 3% of the Company's total consolidated sales for the three and six months ended September 30, 2019, respectively, and represented 4% and 3% of the Company's total consolidated sales for the three and six months ended September 30, 2018, respectively.

Two customers of the Company each represented more than 10% of the total consolidated gross sales for each of the periods presented herein.
 
Property, plant and equipment, net by geographic region were as follows (in thousands):
 
 
September 30, 2019
 
March 31, 2019
Americas
 
$
27,213

 
$
29,813

EMEA
 
4,545

 
4,537

Asia Pacific
 
43,810

 
44,202

Total property, plant and equipment, net
 
$
75,568

 
$
78,552


 
Property, plant and equipment, net in the United States and China were $27.1 million and $36.0 million, respectively, as of September 30, 2019, and $29.8 million and $36.4 million, respectively, as of March 31, 2019. No other countries represented 10% or more of the Company’s total consolidated property, plant and equipment, net as of September 30, 2019 or March 31, 2019. Property, plant and equipment, net in Switzerland, the Company’s home domicile, were $1.8 million and $1.7 million as of September 30, 2019 and March 31, 2019, respectively.