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LOGITECH INTERNATIONAL S.A.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Note 7—Balance Sheet Components
The following table presents the components of certain balance sheet asset amounts as of
March 31, 2015 and 2014 (in thousands):
March 31,
2015 2014
Accounts receivable:
Accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 344,455 $ 338,194
Allowance for doubtful accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,093) (1,712)
Allowance for sales returns. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (17,901) (19,472)
Allowance for cooperative marketing arrangements. . . . . . . . . . . . . . . . . (25,700) (24,135)
Allowance for customer incentive programs . . . . . . . . . . . . . . . . . . . . . . . (48,497) (41,400)
Allowance for pricing programs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (71,441) (69,446)
$ 179,823 $ 182,029
Inventories:
Raw materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 36,376 $ 24,031
Work-in-process . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 42
Finished goods . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 234,354 198,329
$ 270,730 $ 222,402
Other current assets:
Income tax and value-added tax receivables . . . . . . . . . . . . . . . . . . . . . . $ 19,403 $ 18,252
Deferred tax assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27,790 27,013
Prepaid expenses and other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,236 13,892
$ 64,429 $ 59,157
Property, plant and equipment, net:
Plant, buildings and improvements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 63,049 $ 69,897
Equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 138,772 134,975
Computer equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37,835 40,610
Software . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 77,792 81,179
317,448 326,661
Less accumulated depreciation and amortization . . . . . . . . . . . . . . . . (257,642) (256,424)
59,806 70,237
Construction-in-process . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29,040 15,362
Land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,747 2,792
$ 91,593 $ 88,391
Other assets:
Deferred tax assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 39,310 $ 52,883
Trading investments for deferred compensation plan . . . . . . . . . . . . . . . . 17,237 16,611
Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,441 4,966
$ 62,988 $ 74,460
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Annual Report Fiscal Year 2015