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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,
20252024
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 expense32,828 23,405 
  Amortization of intangible assets and acquisition-related costs4,795 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,
 20252024
Gaming (1)
$315,875 $309,475 
Keyboards & Combos222,492 215,333 
Pointing Devices195,780 189,946 
Video Collaboration166,716 147,042 
Webcams84,374 72,904 
Tablet Accessories91,227 78,539 
Headsets45,523 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,
20252024
Americas$461,690 $485,289 
EMEA346,840 309,817 
Asia Pacific339,173 293,111 
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, 2025March 31, 2025
Americas$59,862 $61,521 
EMEA51,773 47,874 
Asia Pacific62,866 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.