2018 Form 10-K Financial Statement

#000103297518000016 Filed on May 21, 2018

View on sec.gov

Income Statement

Concept 2018 2017 Q1 2017
Revenue $2.567B $510.6M $2.221B
YoY Change 15.55% 18.52% 10.08%
Cost Of Revenue $1.658B $312.8M $1.395B
YoY Change 18.81% 8.35% 4.35%
Gross Profit $909.2M $197.8M $820.0M
YoY Change 10.88% 39.2% 20.41%
Gross Profit Margin 35.42% 38.74% 36.92%
Selling, General & Admin $531.8M $124.6M $479.9M
YoY Change 10.82% 23.73% 14.26%
% of Gross Profit 58.49% 62.99% 58.52%
Research & Development $143.8M $33.70M $130.5M
YoY Change 10.14% 23.44% 15.33%
% of Gross Profit 15.81% 17.04% 15.92%
Depreciation & Amortization $41.30M $11.40M $41.12M
YoY Change 0.42% -21.92% -19.54%
% of Gross Profit 4.54% 5.76% 5.01%
Operating Expenses $679.5M $161.3M $608.2M
YoY Change 11.73% 26.02% 10.18%
Operating Profit $229.7M $36.50M $211.9M
YoY Change 8.44% 158.87% 64.16%
Interest Expense $4.969M $2.100M $1.452M
YoY Change 242.22% -30.0%
% of Operating Profit 2.16% 5.75% 0.69%
Other Income/Expense, Net -$2.437M -$200.0K $1.677M
YoY Change -245.32% 100.0% 3.26%
Pretax Income $177.9M $38.20M $161.5M
YoY Change 10.15% 191.6% 100.5%
Income Tax $23.72M -$1.200M $9.113M
% Of Pretax Income 13.33% -3.14% 5.64%
Net Earnings $208.5M $39.40M $205.9M
YoY Change 1.29% 37.28% 72.55%
Net Earnings / Revenue 8.12% 7.72% 9.27%
Basic Earnings Per Share $1.27 $1.27
Diluted Earnings Per Share $1.23 $236.6K $1.24
COMMON SHARES
Basic Shares Outstanding 164.0M shares 161.7M shares 162.1M shares
Diluted Shares Outstanding 169.0M shares 165.5M shares

Balance Sheet

Concept 2018 2017 Q1 2017
SHORT-TERM ASSETS
Cash & Short-Term Investments $641.9M $547.5M $547.5M
YoY Change 17.24% 5.45% 5.46%
Cash & Equivalents $641.9M $547.5M $547.5M
Short-Term Investments
Other Short-Term Assets $26.89M $41.73M $18.60M
YoY Change 44.54% 17.59% 44.01%
Inventory $259.9M $253.4M $253.4M
Prepaid Expenses
Receivables $214.9M $185.2M $185.2M
Other Receivables $29.48M -$186.8M $23.13M
Total Short-Term Assets $1.173B $1.028B $1.028B
YoY Change 14.13% 10.97% 10.97%
LONG-TERM ASSETS
Property, Plant & Equipment $86.30M $85.41M $85.41M
YoY Change 1.05% -8.02% -8.02%
Goodwill $249.7M
YoY Change 14.44%
Intangibles $47.56M
YoY Change
Long-Term Investments $30.20M $25.80M $25.82M
YoY Change 16.95% 7.05% 7.21%
Other Assets $90.56M $88.12M $62.30M
YoY Change 45.36% 1.5% -0.69%
Total Long-Term Assets $570.1M $470.8M $470.8M
YoY Change 21.07% 18.33% 18.33%
TOTAL ASSETS
Total Short-Term Assets $1.173B $1.028B $1.028B
Total Long-Term Assets $570.1M $470.8M $470.8M
Total Assets $1.743B $1.499B $1.499B
YoY Change 16.31% 13.18% 13.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $294.0M $274.8M $274.8M
YoY Change 6.98% 13.95% 13.95%
Accrued Expenses $172.3M $232.3M $142.3M
YoY Change 21.08% 33.67% 61.91%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $575.7M $507.1M $507.1M
YoY Change 13.54% 22.21% 22.21%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $114.9M $83.69M $133.7M
YoY Change -14.06% -6.53% -9.42%
Total Long-Term Liabilities $114.9M $83.69M $133.7M
YoY Change -14.06% -6.53% -9.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $575.7M $507.1M $507.1M
Total Long-Term Liabilities $114.9M $83.69M $133.7M
Total Liabilities $692.6M $642.6M $642.6M
YoY Change 7.79% 13.89% 13.89%
SHAREHOLDERS EQUITY
Retained Earnings $1.074B
YoY Change 11.47%
Common Stock $69.87M
YoY Change 40.05%
Preferred Stock
YoY Change
Treasury Stock (at cost) $174.0M
YoY Change 35.54%
Treasury Stock Shares 10.73M shares
Shareholders Equity $1.051B $856.1M $856.1M
YoY Change
Total Liabilities & Shareholders Equity $1.743B $1.499B $1.499B
YoY Change 16.31% 13.18% 13.18%

Cashflow Statement

Concept 2018 2017 Q1 2017
OPERATING ACTIVITIES
Net Income $208.5M $39.40M $205.9M
YoY Change 1.29% 37.28% 72.55%
Depreciation, Depletion And Amortization $41.30M $11.40M $41.12M
YoY Change 0.42% -21.92% -19.54%
Cash From Operating Activities $346.3M $47.80M $288.4M
YoY Change 20.07% 38.95% 55.72%
INVESTING ACTIVITIES
Capital Expenditures $39.75M -$8.400M $31.80M
YoY Change 24.98% 35.48% -43.82%
Acquisitions $88.32M $66.99M
YoY Change 31.85%
Other Investing Activities -$88.96M -$300.0K -$67.16M
YoY Change 32.45% -86.96% 1548.1%
Cash From Investing Activities -$128.7M -$8.800M -$99.68M
YoY Change 29.12% 4.76% 64.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $30.72M $83.79M
YoY Change -63.33% 19.09%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$127.9M -6.100M -$155.7M
YoY Change -17.88% -66.85% 8.32%
NET CHANGE
Cash From Operating Activities $346.3M 47.80M $288.4M
Cash From Investing Activities -$128.7M -8.800M -$99.68M
Cash From Financing Activities -$127.9M -6.100M -$155.7M
Net Change In Cash $94.41M 32.90M $27.62M
YoY Change 241.79% 332.89% -243.51%
FREE CASH FLOW
Cash From Operating Activities $346.3M $47.80M $288.4M
Capital Expenditures $39.75M -$8.400M $31.80M
Free Cash Flow $306.5M $56.20M $256.6M
YoY Change 19.46% 38.42% 99.55%

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600000 USD
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5800000 USD
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7600000 USD
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0 USD
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4730000 USD
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700000 USD
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71680000 USD
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57401000 USD
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73008000 USD
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12900000 USD
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19600000 USD
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8100000 USD
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12100000 USD
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15300000 USD
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FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
19600000 USD
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2110000 USD
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169000 USD
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-4613000 USD
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469000 USD
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569000 USD
CY2018 us-gaap Gain Loss On Investments
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669000 USD
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101012000 USD
CY2017 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
100270000 USD
CY2018 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
96353000 USD
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Goodwill
218224000 USD
CY2017Q1 us-gaap Goodwill
Goodwill
249741000 USD
CY2018Q1 us-gaap Goodwill
Goodwill
275451000 USD
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31553000 USD
CY2018 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
25800000 USD
CY2017 us-gaap Goodwill Foreign Currency Translation Gain Loss
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-36000 USD
CY2018 us-gaap Goodwill Foreign Currency Translation Gain Loss
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-90000 USD
CY2016 us-gaap Gross Profit
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681047000 USD
CY2017 us-gaap Gross Profit
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820041000 USD
CY2018 us-gaap Gross Profit
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909241000 USD
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80572000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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161544000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
177935000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
50900000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
53445000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
54330000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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131472000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
214989000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
232265000 USD
CY2016 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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128362000 USD
CY2017 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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205876000 USD
CY2018 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
208542000 USD
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0.79
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IncomeLossFromContinuingOperationsPerBasicShare
1.27
CY2018 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.27
CY2016 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.77
CY2017 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.24
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IncomeLossFromContinuingOperationsPerDilutedShare
1.23
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IncomeLossFromDiscontinuedOperationsNetOfTax
-9045000 USD
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IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2018 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3110000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9113000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
23723000 USD
CY2016 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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947000 USD
CY2017 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1024000 USD
CY2018 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
533000 USD
CY2016 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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0 USD
CY2017 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0 USD
CY2018 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
22325000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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11175000 USD
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
18274000 USD
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
19743000 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Restructuring Charges
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1514000 USD
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Restructuring Charges
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2000 USD
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense Restructuring Charges
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-10000 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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1446000 USD
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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1794000 USD
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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-9376000 USD
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257000 USD
CY2017 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
491000 USD
CY2018 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-1219000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
1619000 USD
CY2017 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
2309000 USD
CY2018 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
4124000 USD
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11499000 USD
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11323000 USD
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15051000 USD
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-58104000 USD
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24459000 USD
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17695000 USD
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-25513000 USD
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46553000 USD
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26363000 USD
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-4317000 USD
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49917000 USD
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44655000 USD
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-31966000 USD
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15428000 USD
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-16047000 USD
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1975000 USD
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5309000 USD
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16908000 USD
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715000 USD
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-715000 USD
CY2018 us-gaap Increase Decrease In Restricted Cash
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0 USD
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160555000 USD
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87547000 USD
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790000 USD
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1452000 USD
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4969000 USD
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222819000 USD
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253401000 USD
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259906000 USD
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30582000 USD
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33603000 USD
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642566000 USD
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692600000 USD
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1498677000 USD
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1743157000 USD
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507078000 USD
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575720000 USD
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0 USD
CY2018Q1 us-gaap Line Of Credit Facility Fair Value Of Amount Outstanding
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0 USD
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CY2016 us-gaap Net Cash Provided By Used In Operating Activities
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185195000 USD
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288389000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
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346261000 USD
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119317000 USD
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205876000 USD
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208542000 USD
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85408000 USD
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86304000 USD
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551989000 USD
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OperatingExpenses
608181000 USD
CY2018 us-gaap Operating Expenses
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679508000 USD
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OperatingIncomeLoss
129058000 USD
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
211860000 USD
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
229733000 USD
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due
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44501000 USD
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due Current
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13144000 USD
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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4221000 USD
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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5743000 USD
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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8108000 USD
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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10833000 USD
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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2452000 USD
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10000000 USD
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9900000 USD
CY2018 us-gaap Operating Leases Rent Expense Net
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11200000 USD
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83707000 USD
CY2018Q1 us-gaap Other Accrued Liabilities Current
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105044000 USD
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41732000 USD
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56362000 USD
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4997000 USD
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5908000 USD
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OtherAssetsNoncurrent
88119000 USD
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120755000 USD
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2273000 USD
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-5670000 USD
CY2018 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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5860000 USD
CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
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0 USD
CY2016 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
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-3913000 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
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83786000 USD
CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
0 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1252000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
11279000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
7251000 USD
CY2016 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
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837000 USD
CY2017 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
-14201000 USD
CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
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-3955000 USD
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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3296000 USD
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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1670000 USD
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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-5808000 USD
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
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1630000 USD
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
1490000 USD
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
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127000 USD
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-2431000 USD
CY2017 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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2928000 USD
CY2018 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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-8499000 USD
CY2017Q1 us-gaap Other Intangible Assets Net
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47564000 USD
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87547000 USD
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83691000 USD
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81924000 USD
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1624000 USD
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1677000 USD
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CY2016 us-gaap Other Operating Activities Cash Flow Statement
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0 USD
CY2017 us-gaap Other Operating Activities Cash Flow Statement
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107000 USD
CY2018 us-gaap Other Operating Activities Cash Flow Statement
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-11000 USD
CY2016 us-gaap Payment For Contingent Consideration Liability Financing Activities
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0 USD
CY2017 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
0 USD
CY2018 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
5000000 USD
CY2016 us-gaap Payments For Proceeds From Investments
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0 USD
CY2017 us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
0 USD
CY2018 us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
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CY2016 us-gaap Payments For Repurchase Of Common Stock
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70358000 USD
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30722000 USD
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85900000 USD
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93100000 USD
CY2017Q3 us-gaap Payments Of Ordinary Dividends
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104200000 USD
CY2016 us-gaap Payments Of Ordinary Dividends
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85915000 USD
CY2017 us-gaap Payments Of Ordinary Dividends
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93093000 USD
CY2018 us-gaap Payments Of Ordinary Dividends
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104248000 USD
CY2016 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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7247000 USD
CY2017 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
18412000 USD
CY2018 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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29813000 USD
CY2016 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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66987000 USD
CY2017 us-gaap Sales Revenue Net
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2221427000 USD
CY2018 us-gaap Sales Revenue Net
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2566863000 USD
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
88323000 USD
CY2016 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
2419000 USD
CY2017 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
960000 USD
CY2018 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
1240000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
56615000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
31804000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
39748000 USD
CY2016 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
0 USD
CY2017 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
0 USD
CY2018 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
6789000 USD
CY2016 us-gaap Payments To Acquire Trading Securities Heldforinvestment
PaymentsToAcquireTradingSecuritiesHeldforinvestment
9619000 USD
CY2017 us-gaap Payments To Acquire Trading Securities Heldforinvestment
PaymentsToAcquireTradingSecuritiesHeldforinvestment
7052000 USD
CY2018 us-gaap Payments To Acquire Trading Securities Heldforinvestment
PaymentsToAcquireTradingSecuritiesHeldforinvestment
6053000 USD
CY2017Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
1266000 USD
CY2018Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
1763000 USD
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1074110000 USD
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782300000 CHF
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319015000 USD
CY2017 us-gaap Selling And Marketing Expense
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379641000 USD
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CY2017Q1 us-gaap Trading Securities
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15043000 USD
CY2018Q1 us-gaap Trading Securities
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17748000 USD
CY2017Q1 us-gaap Treasury Stock Shares
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435489000 USD
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27351000 USD
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CY2018Q1 us-gaap Standard Product Warranty Accrual
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27573000 USD
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1963000 USD
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1230000 USD
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-503000 USD
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1095000 USD
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15270000 USD
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21766000 USD
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25103000 USD
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856111000 USD
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CY2018Q1 us-gaap Treasury Stock Shares
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174037000 USD
CY2018Q1 us-gaap Treasury Stock Value
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165686000 USD
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69879000 USD
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704000 USD
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3600000 USD
CY2017Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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3000000 USD
CY2018Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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2300000 USD
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300000 USD
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700000 USD
CY2018 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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600000 USD
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CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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9559000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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13673000 USD
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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15518000 USD
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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14161000 USD
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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7505000 USD
CY2017Q1 us-gaap Value Added Tax Receivable
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23132000 USD
CY2018Q1 us-gaap Value Added Tax Receivable
ValueAddedTaxReceivable
29477000 USD
CY2016 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2496000 shares
CY2017 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3482000 shares
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
4933000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
165792000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
165540000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
168971000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
163296000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
162058000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
164038000 shares
CY2018 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Concentration of Credit Risk</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents and accounts receivable. The Company maintains cash and cash equivalents with various financial institutions to limit exposure with any one financial institution, but is exposed to credit risk in the event of default by financial institutions to the extent that cash balances with individual financial institutions are in excess of amounts that are insured.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The Company sells to large distributors and retailers and, as a result, maintains individually significant receivable balances with such customers. In fiscal years </font><font style="font-family:Arial;font-size:10pt;">2018</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:Arial;font-size:10pt;">2017</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">2016</font><font style="font-family:Arial;font-size:10pt;">, sales to </font><font style="font-family:Arial;font-size:10pt;">one</font><font style="font-family:Arial;font-size:10pt;"> customer group represented </font><font style="font-family:Arial;font-size:10pt;">15%</font><font style="font-family:Arial;font-size:10pt;">, </font><font style="font-family:Arial;font-size:10pt;">15%</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">14%</font><font style="font-family:Arial;font-size:10pt;">, respectively, of the Company's sales. In fiscal years </font><font style="font-family:Arial;font-size:10pt;">2018</font><font style="font-family:inherit;font-size:10pt;">,</font><font style="font-family:Arial;font-size:10pt;"> </font><font style="font-family:Arial;font-size:10pt;">2017</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">2016</font><font style="font-family:Arial;font-size:10pt;">, sales to another customer group represented </font><font style="font-family:Arial;font-size:10pt;">13%</font><font style="font-family:Arial;font-size:10pt;">, </font><font style="font-family:Arial;font-size:10pt;">12%</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">10%</font><font style="font-family:Arial;font-size:10pt;">, respectively, of the Company's sales. No other sales to a single customer represented more than 10% of the Company's sales during fiscal years </font><font style="font-family:Arial;font-size:10pt;">2018</font><font style="font-family:Arial;font-size:10pt;">, </font><font style="font-family:Arial;font-size:10pt;">2017</font><font style="font-family:Arial;font-size:10pt;"> or </font><font style="font-family:Arial;font-size:10pt;">2016</font><font style="font-family:Arial;font-size:10pt;">. As of March&#160;31, </font><font style="font-family:Arial;font-size:10pt;">2018</font><font style="font-family:Arial;font-size:10pt;">, </font><font style="font-family:Arial;font-size:10pt;">three</font><font style="font-family:Arial;font-size:10pt;"> customer groups each represented </font><font style="font-family:Arial;font-size:10pt;">15%</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:Arial;font-size:10pt;">12%</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">11%</font><font style="font-family:Arial;font-size:10pt;"> of total accounts receivable, respectively. As of March 31, </font><font style="font-family:Arial;font-size:10pt;">2017</font><font style="font-family:Arial;font-size:10pt;">, two customer groups each represented </font><font style="font-family:Arial;font-size:10pt;">18%</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">12%</font><font style="font-family:Arial;font-size:10pt;"> of total accounts receivable, respectively. Typical payment terms require customers to pay for product sales generally within </font><font style="font-family:Arial;font-size:10pt;">30</font><font style="font-family:Arial;font-size:10pt;"> to </font><font style="font-family:Arial;font-size:10pt;">60</font><font style="font-family:Arial;font-size:10pt;">&#160;days; however, terms may vary by customer type, by country and by selling season. Extended payment terms are sometimes offered to a limited number of customers during the second and third fiscal quarters. The Company does not modify payment terms on existing receivables.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The Company manages its accounts receivable credit risk through ongoing credit evaluation of its customers' financial conditions. The Company generally does not require collateral from its customers.</font></div></div>
CY2018 us-gaap Fiscal Period
FiscalPeriod
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Fiscal Year</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The Company's fiscal year ends on March&#160;31. Interim quarters are generally thirteen-week periods, each ending on a Friday of each quarter. For purposes of presentation, the Company has indicated its quarterly periods end on the last day of the calendar quarter.</font></div></div>
CY2018 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">The Company</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Logitech International S.A, together with its consolidated subsidiaries (Logitech or the Company), is a world leader in designing, manufacturing and marketing products that help connect people to digital and cloud experiences.&#160;More than 35 years ago, Logitech created products to improve experiences around the personal PC platform, and today it is a multi-brand, multi-category company designing products that enable better experiences consuming, sharing and creating any digital content such as music, gaming, video and computing, whether it is on a computer, mobile device or in the cloud.&#160;</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The Company sells its products to a broad network of domestic and international customers, including direct sales to retailers, e-tailers, and indirect sales through distributors.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Logitech was founded in Switzerland in 1981 and Logitech International S.A. has been the parent holding company of Logitech since 1988. Logitech International S.A. is a Swiss holding company with its registered office in Apples, Switzerland and headquarters in Lausanne, Switzerland, which conducts its business through subsidiaries in the Americas, EMEA and Asia Pacific. Shares of Logitech International S.A. are listed on both the SIX Swiss Exchange under the trading symbol LOGN and the Nasdaq Global Select Market under the trading symbol LOGI.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Business Acquisitions</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;"> </font><font style="font-family:Arial;font-size:10pt;">During fiscal year 2018, the Company acquired ASTRO Gaming business and another small technology company. During fiscal year 2017, the Company acquired Jaybird LLC and Saitek product line. See "Note 3 - Business Acquisitions" for more information.</font></div></div>
CY2018 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Reclassification</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Certain amounts from the comparative periods in the accompanying consolidated financial statements have been reclassified to conform to the consolidated financial statement presentation as of and for the year ended </font><font style="font-family:Arial;font-size:10pt;">March&#160;31, 2018</font><font style="font-family:Arial;font-size:10pt;">.</font></div></div>
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make judgments, estimates and assumptions that affect the amounts reported in the consolidated financial statements. Management bases its estimates on historical experience and various other assumptions believed to be reasonable. Significant estimates and assumptions made by management involve the fair value of goodwill, intangible assets acquired from business acquisitions, warranty liabilities, accruals for customer programs and related breakage when appropriate, sales return reserves, allowance for doubtful accounts, inventory valuation, contingent consideration from business acquisitions and periodical reassessment of its fair value, share-based compensation expense, uncertain tax positions, and valuation allowances for deferred tax assets. Although these estimates are based on management&#8217;s best knowledge of current events and actions that may impact the Company in the future, actual results could differ materially from those estimates.</font></div></div>

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