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Segment Information | 3 Months Ended
--- | ---
Jun. 30, 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, significant segment expenses, and net income (in thousands):
| Three Months Ended June 30,
| 2025 |  | 2024
Net sales | $ | 1,147,703 |  |  | $ | 1,088,217 |
Less: Significant segment expenses |  |  |
Cost of goods sold (1) | 664,212 |  |  | 616,919 |
Marketing and selling (1) | 181,866 |  |  | 185,054 |
Research and development (1) | 68,236 |  |  | 69,568 |
General and administrative (1) | 31,630 |  |  | 34,241 |
Less: other segment items |  |  |
Share-based compensation expense | 32,828 |  |  | 23,405 |
Amortization of intangible assets and acquisition-related costs | 4,795 |  |  | 5,145 |
Interest income | (11,229) |  |  | (15,790) |
Other (2) | 880 |  |  | 2,284 |
Provision for income taxes | 28,470 |  |  | 25,558 |
Net income | $ | 146,015 |  |  | $ | 141,833 |
(1) The difference between the amounts included in the table above and the amounts included in the condensed consolidated statements of operations is related to share-based compensation expense (see Note 3). (2) Includes restructuring charges, net, and other income (expense), net. Sales by product category for the three months ended June 30, 2025 and 2024 were as follows (in thousands):
|  | Three Months Ended June 30, |  |
|  | 2025 |  | 2024 |  |  |  |
Gaming (1) |  | $ | 315,875 |  |  | $ | 309,475 |  |  |  |  |
Keyboards & Combos |  | 222,492 |  |  | 215,333 |  |  |  |  |
Pointing Devices |  | 195,780 |  |  | 189,946 |  |  |  |  |
Video Collaboration |  | 166,716 |  |  | 147,042 |  |  |  |  |
Webcams |  | 84,374 |  |  | 72,904 |  |  |  |  |
Tablet Accessories |  | 91,227 |  |  | 78,539 |  |  |  |  |
Headsets |  | 45,523 |  |  | 44,236 |  |  |  |  |
Other (2) |  | 25,716 |  |  | 30,742 |  |  |  |  |
Total Sales |  | $ | 1,147,703 |  |  | $ | 1,088,217 |  |  |  |  |
(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 the three months ended June 30, 2025 and 2024 were as follows (in thousands):
|  | Three Months Ended June 30, |  |
|  | 2025 |  | 2024 |  |  |  |
Americas |  | $ | 461,690 |  |  | $ | 485,289 |  |  |  |  |
EMEA |  | 346,840 |  |  | 309,817 |  |  |  |  |
Asia Pacific |  | 339,173 |  |  | 293,111 |  |  |  |  |
Total Sales |  | $ | 1,147,703 |  |  | $ | 1,088,217 |  |  |  |  |
Revenue from sales to customers in the United States, China and Germany each represented 10% or more of the total consolidated sales for 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 country of domicile, represented 3% and 2% of the Company's total consolidated sales for the three months ended June 30, 2025 and 2024, respectively. Three customers of the Company each represented 10% or more of the total consolidated gross sales for each of the three months ended June 30, 2025 and 2024. Property, plant and equipment, net (excluding software) and right-of-use assets by geographic region were as follows (in thousands):
|  | June 30, 2025 |  | March 31, 2025
Americas |  | $ | 59,862 |  |  | $ | 61,521 |
EMEA |  | 51,773 |  |  | 47,874 |
Asia Pacific |  | 62,866 |  |  | 60,710 |
Total |  | $ | 174,501 |  |  | $ | 170,105 |
Property, plant and equipment, net (excluding software) and right-of-use assets in the United States and China were $58.3 million and $45.5 million, respectively, as of June 30, 2025. Property, plant and equipment, net (excluding software) and right-of-use assets in the United States and China were $60.0 million and $43.4 million, respectively, as of March 31, 2025. Property, plant and equipment, net (excluding software) and right-of-use assets in Switzerland, the Company’s country of domicile, were $26.9 million and $24.1 million as of June 30, 2025 and March 31, 2025, respectively. No other countries represented more than 10% of the Company’s total property, plant and equipment, net (excluding software) and right-of-use assets as of June 30, 2025 or March 31, 2025.

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- Definition The entire disclosure for reporting segments including data and tables. 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