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Segment Information
 12 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company manages its business activities on a consolidated basis and operates as a single operating segment: Peripherals. The operating segment encompasses the design, manufacturing and sales of peripherals for gaming, PCs, tablets, video conferencing, and other digital platforms. The Company's Chief Operating Decision Maker (the “CODM”) is the Chief Executive Officer. The CODM periodically reviews information such as sales and net income to make business decisions and evaluate performance. The CODM uses net income to evaluate income generated from segment assets (return on assets) in deciding whether to reinvest profits into the Peripherals segment or into other parts of the entity, such as for acquisitions, share repurchase or to pay dividends. The CODM also monitors budget versus actual net income results.
The following table presents segment revenue, gross profit, and net income for the periods presented:
Years Ended March 31,
202520242023
Net sales
$4,554,900 $4,298,467 $4,538,818 
Less: Significant segment expenses
Cost of goods sold (1)
2,572,724 2,501,414 2,800,803 
Marketing and selling (1)
774,036 694,530 774,475 
Research and development (1)
288,828 269,407 265,504 
General and administrative (1)
144,680 133,787 109,504 
Less: other segment items
  Share-based compensation expense89,913 82,889 70,782 
  Amortization of intangible assets and acquisition-related costs20,249 21,962 24,708 
  Interest income
(54,997)(50,636)(18,331)
  Other (2)
12,595 23,518 47,851 
  Provision for income taxes
75,343 9,453 98,947 
Net income
$631,529 $612,143 $364,575 
(1) The difference between the amounts included in the table above and the amounts included in the consolidated
statements of operations is related to share-based compensation expense (see Note 4).
(2) Includes restructuring charges, net, impairment of intangible assets, change in fair value of contingent
consideration for business acquisition, and other income (expense), net, as applicable.
Sales by product category for fiscal years 2025, 2024 and 2023 were as follows (in thousands):
 Years Ended March 31,
 202520242023
Gaming (1)
$1,338,467 $1,231,063 $1,288,313 
Keyboards & Combos882,643 821,441 836,432 
Pointing Devices788,784 742,987 728,357 
Video Collaboration626,000 609,361 677,923 
Webcams315,520 325,225 378,688 
Tablet Accessories299,540 254,060 254,374 
Headsets179,710 168,478 176,576 
Other (2)
124,236 145,852 198,155 
Total Sales$4,554,900 $4,298,467 $4,538,818 
(1) Gaming includes streaming services revenue generated by Streamlabs.
(2) Other primarily consists of mobile speakers and PC speakers.
Sales by geographic region (based on the customers' locations) for fiscal years 2025, 2024 and 2023 were as follows (in thousands):
 Years Ended March 31,
 202520242023
Americas$1,973,374 $1,896,258 $1,930,908 
EMEA1,413,855 1,301,515 1,299,657 
Asia Pacific1,167,671 1,100,694 1,308,253 
Total Sales$4,554,900 $4,298,467 $4,538,818 
Revenue from sales to customers in the United States represented 35%, 36% and 35% of sales in fiscal years 2025, 2024 and 2023, respectively. Revenue from sales to customers in Germany represented 12%, 14% and 14% of sales in fiscal years 2025, 2024 and 2023, respectively. Revenue from sales to customers in China represented 10%, 10% and 11% of sales in fiscal years 2025, 2024 and 2023, respectively. No other country represented more than 10% of sales during these periods presented herein. Revenue from sales to customers in Switzerland, the Company's country of domicile, represented 3%, 2%, and 3% of sales for fiscal year 2025, 2024 and 2023, respectively.
Property, plant and equipment, net (excluding software) and right-of-use assets by geographic region were as follows (in thousands):
 March 31,
 20252024
Americas$61,521 $67,762 
EMEA47,874 30,819 
Asia Pacific60,710 58,901 
Total $170,105 $157,482 
Property, plant and equipment, net (excluding software) and right-of-use assets in the United States, China, and Ireland were $60.0 million, $43.4 million and $14.5 million, respectively, as of March 31, 2025. Property, plant and equipment, net (excluding software) and right-of-use assets in the United States, China, and Ireland were $66.5 million, $41.2 million, and $16.2 million, respectively, as of March 31, 2024. Property, plant and equipment, net (excluding software) and right-of-use assets in Switzerland, the Company's country of domicile, were $24.1 million and $9.0 million as of March 31, 2025 and 2024, respectively. No other countries represented more than 10% of the Company's total consolidated property, plant and equipment, net (excluding software) and right-of-use assets as of March 31, 2025 or 2024.