XML 29 R20.htm IDEA: XBRL DOCUMENT v3.22.2.2
Segment Information
6 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Segment Information Segment Information
 
The Company 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, net, share-based compensation expense, amortization of intangible assets, acquisition-related costs and 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, 2022 and 2021 were as follows (in thousands):
Three Months Ended
September 30,
Six Months Ended
September 30,
 2022202120222021
Pointing Devices$185,200 $189,014 $368,483 $371,892 
Keyboards & Combos200,853 236,272 428,573 454,629 
PC Webcams60,166 94,471 119,552 204,389 
Tablet & Other Accessories54,203 80,801 120,788 160,073 
Gaming (1)
297,676 330,777 580,482 666,174 
Video Collaboration236,180 231,653 482,422 466,538 
Mobile Speakers39,195 39,492 61,505 67,976 
Audio & Wearables73,271 98,078 142,717 214,685 
Other (2)
2,207 5,709 4,294 11,969 
Total Sales$1,148,951 $1,306,267 $2,308,816 $2,618,325 
(1) Gaming includes streaming services revenue generated by Streamlabs.
(2) Other includes Smart Home.
Sales by geographic region (based on the customers’ locations) for the three and six months ended September 30, 2022 and 2021 were as follows (in thousands):
Three Months Ended
September 30,
Six Months Ended
September 30,
2022202120222021
Americas$492,176 $541,515 $994,483 $1,154,081 
EMEA297,176 399,452 587,655 757,409 
Asia Pacific359,599 365,300 726,678 706,835 
Total sales$1,148,951 $1,306,267 $2,308,816 $2,618,325 
 
Revenue from sales to customers in the United States, Germany and China each represented 10% or more 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 2% and 3% of the Company's total consolidated sales for the three months ended September 30, 2022 and 2021, respectively, and 2% and 3% for the six months ended September 30, 2022 and 2021, respectively.

Three customers of the Company each represented 10% or more of the total consolidated gross sales for the three and six months ended September 30, 2022, respectively. Two customers of the Company each represented 10% or more of the total consolidated sales for the three and six months ended September 30, 2021, respectively.

Property, plant and equipment, net (excluding software) and right-of-use assets by geographic region were as follows (in thousands):
September 30, 2022March 31, 2022
Americas$51,469 $22,578 
EMEA36,214 23,830 
Asia Pacific84,091 87,265 
Total$171,774 $133,673 

 Property, plant and equipment, net (excluding software) and right-of-use assets in the United States and China were $50.8 million and $63.4 million, respectively, as of September 30, 2022, and $21.7 million and $66.8 million, respectively, as of March 31, 2022. Property, plant and equipment, net (excluding software) and right-of-use assets in Switzerland, the Company’s country of incorporation, were $13.2 million and $13.6 million as of September 30, 2022 and March 31, 2022, respectively. No other countries represented 10% or more of the Company’s total
consolidated property, plant and equipment, net (excluding software) and right-of-use assets as of September 30, 2022 or March 31, 2022.