2015 Q1 Form 10-Q Financial Statement

#000162828015000267 Filed on January 27, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q4 2014 Q1
Revenue $442.3M $604.3M $369.6M
YoY Change 19.67% -3.88% -21.11%
Cost Of Revenue $300.6M $391.7M $274.6M
YoY Change 9.47% -5.48% -11.36%
Gross Profit $141.7M $212.6M $95.00M
YoY Change 49.16% -0.79% -40.14%
Gross Profit Margin 32.04% 35.18% 25.7%
Selling, General & Admin $104.9M $115.7M $56.30M
YoY Change 86.32% -8.4% -58.99%
% of Gross Profit 74.03% 54.4% 59.26%
Research & Development $28.30M $27.40M $3.900M
YoY Change 625.64% -20.77% -89.57%
% of Gross Profit 19.97% 12.89% 4.11%
Depreciation & Amortization $12.50M $37.20M $23.00M
YoY Change -45.65% 165.71% -0.43%
% of Gross Profit 8.82% 17.5% 24.21%
Operating Expenses $133.2M $143.1M $60.20M
YoY Change 121.26% -11.51% -65.54%
Operating Profit $8.500M $69.55M $34.80M
YoY Change -75.57% 32.15% -317.5%
Interest Expense $1.900M $224.0K $400.0K
YoY Change 375.0% -121.92% 33.33%
% of Operating Profit 22.35% 0.32% 1.15%
Other Income/Expense, Net $100.0K -$2.688M $1.400M
YoY Change -92.86% -348.43% -33.33%
Pretax Income $15.00M $67.09M $36.60M
YoY Change -59.02% 27.32% -205.17%
Income Tax -$3.800M $670.0K -$5.800M
% Of Pretax Income -25.33% 1.0% -15.85%
Net Earnings -$109.3M $62.80M $10.60M
YoY Change -1131.13% 29.48% -129.78%
Net Earnings / Revenue -24.71% 10.39% 2.87%
Basic Earnings Per Share $0.38
Diluted Earnings Per Share -$660.0K $0.38 $64.67K
COMMON SHARES
Basic Shares Outstanding 164.2M shares 163.5M shares 161.6M shares
Diluted Shares Outstanding 166.3M shares

Balance Sheet

Concept 2015 Q1 2014 Q4 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $533.4M $516.6M $469.4M
YoY Change 13.63% 35.98% 40.62%
Cash & Equivalents $537.0M $516.6M $469.4M
Short-Term Investments
Other Short-Term Assets $63.36M $65.61M $59.16M
YoY Change 7.11% 7.6% -2.02%
Inventory $256.0M $245.7M $222.4M
Prepaid Expenses
Receivables $167.2M $306.9M $182.0M
Other Receivables -$141.2M $0.00 -$136.2M
Total Short-Term Assets $1.052B $1.135B $933.0M
YoY Change 12.76% 12.16% 10.18%
LONG-TERM ASSETS
Property, Plant & Equipment $86.48M $90.78M $88.39M
YoY Change -2.16% 3.75% -5.69%
Goodwill $218.2M $343.4M $219.4M
YoY Change -0.55% -0.46% -35.72%
Intangibles $1.866M $2.728M $10.53M
YoY Change -82.28% -79.52% -59.54%
Long-Term Investments $18.00M $16.60M
YoY Change 8.43% 6.41%
Other Assets $62.33M $67.01M $74.46M
YoY Change -16.29% -6.05% -0.01%
Total Long-Term Assets $374.7M $503.9M $518.4M
YoY Change -27.73% -2.56% -3.21%
TOTAL ASSETS
Total Short-Term Assets $1.052B $1.135B $933.0M
Total Long-Term Assets $374.7M $503.9M $518.4M
Total Assets $1.427B $1.639B $1.451B
YoY Change -1.7% 7.18% 5.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $292.8M $350.3M $242.8M
YoY Change 20.58% 6.56% -8.51%
Accrued Expenses $163.3M $224.7M $212.0M
YoY Change -22.94% -4.12% 9.78%
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 $494.9M $575.0M $454.8M
YoY Change 8.82% 2.12% -1.5%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $91.20M $93.46M $99.35M
YoY Change -8.21% 733.45% -0.51%
Total Long-Term Liabilities $91.20M $93.46M $99.35M
YoY Change -8.21% -53.45% -49.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $494.9M $575.0M $454.8M
Total Long-Term Liabilities $91.20M $93.46M $99.35M
Total Liabilities $668.5M $747.9M $647.3M
YoY Change 3.29% -2.09% -1.99%
SHAREHOLDERS EQUITY
Retained Earnings $930.2M $1.043B $976.3M
YoY Change -4.72% 7.51% 0.97%
Common Stock $43.28M $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $88.95M $93.67M $116.5M
YoY Change -23.65% -34.74% -35.27%
Treasury Stock Shares 8.625M shares 8.909M shares 10.21M shares
Shareholders Equity $758.1M $890.9M $804.1M
YoY Change
Total Liabilities & Shareholders Equity $1.427B $1.639B $1.451B
YoY Change -1.7% 7.18% 5.0%

Cashflow Statement

Concept 2015 Q1 2014 Q4 2014 Q1
OPERATING ACTIVITIES
Net Income -$109.3M $62.80M $10.60M
YoY Change -1131.13% 29.48% -129.78%
Depreciation, Depletion And Amortization $12.50M $37.20M $23.00M
YoY Change -45.65% 165.71% -0.43%
Cash From Operating Activities $41.50M $137.1M $97.50M
YoY Change -57.44% 46.32% 438.67%
INVESTING ACTIVITIES
Capital Expenditures -$10.50M -$34.80M -$14.60M
YoY Change -28.08% 286.67% 16.8%
Acquisitions
YoY Change
Other Investing Activities -$800.0K -$2.200M -$200.0K
YoY Change 300.0% -833.33% 0.0%
Cash From Investing Activities -$11.40M -$36.90M -$14.80M
YoY Change -22.97% 324.14% 17.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.500M -47.40M 7.300M
YoY Change -120.55% -11950.0% 7.35%
NET CHANGE
Cash From Operating Activities 41.50M 137.1M 97.50M
Cash From Investing Activities -11.40M -36.90M -14.80M
Cash From Financing Activities -1.500M -47.40M 7.300M
Net Change In Cash 28.60M 52.80M 90.00M
YoY Change -68.22% -38.17% 631.71%
FREE CASH FLOW
Cash From Operating Activities $41.50M $137.1M $97.50M
Capital Expenditures -$10.50M -$34.80M -$14.60M
Free Cash Flow $52.00M $171.9M $112.1M
YoY Change -53.61% 67.38% 266.34%

Facts In Submission

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CY2014Q4 us-gaap Earnings Per Share Basic
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0.38
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.73
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EarningsPerShareDiluted
0.29
us-gaap Earnings Per Share Diluted
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0.39
CY2014Q4 us-gaap Earnings Per Share Diluted
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0.38
us-gaap Earnings Per Share Diluted
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0.71
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
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184000 USD
us-gaap Effective Income Tax Rate Continuing Operations
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0.100
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
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-5521000 USD
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-0.014
CY2013Q4 us-gaap Effective Income Tax Rate Continuing Operations
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0.091
us-gaap Impairment Of Investments
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2259000 USD
us-gaap Effective Income Tax Rate Continuing Operations
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0.061
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54803000 USD
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55165000 USD
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500000 USD
CY2014Q4 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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600000 USD
CY2013Q4 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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168000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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2343000 USD
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1623000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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4720000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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572000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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2533000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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572000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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2533000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
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700000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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200000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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1800000 USD
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0 USD
CY2014Q4 us-gaap Foreign Currency Derivative Liabilities At Fair Value
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0 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
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us-gaap Gain Loss On Sale Of Property Plant Equipment
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44000 USD
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31998000 USD
us-gaap General And Administrative Expense
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90247000 USD
CY2014Q4 us-gaap General And Administrative Expense
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29808000 USD
us-gaap General And Administrative Expense
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100957000 USD
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us-gaap Goodwill Translation Adjustments
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214301000 USD
us-gaap Gross Profit
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566525000 USD
CY2014Q4 us-gaap Gross Profit
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231283000 USD
us-gaap Gross Profit
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617813000 USD
us-gaap Impairment Of Investments
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568000 USD
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52691000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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70750000 USD
CY2014Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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61906000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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126268000 USD
CY2013Q4 us-gaap Income Tax Expense Benefit
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4807000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7064000 USD
CY2014Q4 us-gaap Income Tax Expense Benefit
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-878000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7718000 USD
CY2014Q4 us-gaap Income Tax Reconciliation Tax Credits Research
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800000 USD
us-gaap Income Tax Reconciliation Tax Credits Research
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800000 USD
us-gaap Increase Decrease In Accounts Payable
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61423000 USD
us-gaap Increase Decrease In Accounts Payable
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111310000 USD
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130871000 USD
us-gaap Increase Decrease In Accounts Receivable
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131026000 USD
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47884000 USD
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63686000 USD
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40463000 USD
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21227000 USD
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us-gaap Increase Decrease In Inventories
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30171000 USD
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2968000 USD
us-gaap Increase Decrease In Other Operating Assets
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6592000 USD
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us-gaap Interest Income Expense Nonoperating Net
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224000 USD
us-gaap Interest Income Expense Nonoperating Net
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837000 USD
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245740000 USD
CY2014Q1 us-gaap Inventory Net
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222402000 USD
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31006000 USD
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24031000 USD
CY2014Q4 us-gaap Inventory Work In Process Net Of Reserves
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29000 USD
CY2014Q1 us-gaap Inventory Work In Process Net Of Reserves
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42000 USD
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CY2014Q1 us-gaap Liabilities
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1638779000 USD
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1451390000 USD
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574985000 USD
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us-gaap Net Cash Provided By Used In Continuing Operations
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us-gaap Net Cash Provided By Used In Continuing Operations
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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110699000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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137058000 USD
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62784000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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118550000 USD
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161670000 USD
us-gaap Operating Expenses
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166585000 USD
us-gaap Operating Expenses
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us-gaap Operating Income Loss
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CY2014Q4 us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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384000 USD
us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
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682000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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4109000 USD
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-4400000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2013Q4 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
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318000 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
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1712000 USD
CY2014Q4 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
101000 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
323000 USD
CY2013Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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760000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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3240000 USD
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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2025000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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1840000 USD
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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1286000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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5038000 USD
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us-gaap Payments Of Ordinary Dividends
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us-gaap Payments Of Ordinary Dividends
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
650000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
0 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
2550000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
34910000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Trading Securities Heldforinvestment
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7831000 USD
us-gaap Payments To Acquire Trading Securities Heldforinvestment
PaymentsToAcquireTradingSecuritiesHeldforinvestment
3463000 USD
CY2014Q4 us-gaap Postemployment Benefits Liability Current
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17021000 USD
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261000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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0 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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8465000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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2466000 USD
us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
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8311000 USD
us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
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3856000 USD
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12799000 USD
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13905000 USD
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ProductWarrantyAccrualNoncurrent
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us-gaap Research And Development Expense
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33616000 USD
us-gaap Research And Development Expense
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us-gaap Restructuring Charges
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us-gaap Sales Revenue Net
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us-gaap Selling And Marketing Expense
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us-gaap Selling And Marketing Expense
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290215000 USD
us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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20046000 USD
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CY2013Q3 us-gaap Standard Product Warranty Accrual
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23021000 USD
CY2013Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23522000 USD
CY2014Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
22204000 USD
CY2014Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
22092000 USD
CY2014Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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2788000 shares
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2815000 shares
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
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StockholdersEquity
721953000 USD
CY2014Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2014Q4 us-gaap Trading Securities
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17483000 USD
CY2013Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
21442000 USD
CY2014Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
24380000 USD
CY2013Q4 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
3842000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
11779000 USD
CY2014Q4 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
2493000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
8895000 USD
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
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2327000 USD
CY2013Q4 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
4343000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
11532000 USD
CY2014Q4 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
2381000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
6607000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-2922000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-7456000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
8450000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2466000 USD
CY2014Q1 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
250000000.0 shares
CY2014Q1 us-gaap Stock Repurchase Program Period In Force1
StockRepurchaseProgramPeriodInForce1
P3Y
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
85100000 USD
CY2014Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
91000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
5200000 USD
CY2014Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
5600000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
10000000 USD
us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
12000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
9000000 USD
us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
11100000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
83900000 USD
CY2014Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
86100000 USD
CY2013Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2517000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1458000 shares
CY2014Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
166321000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
166076000 shares
CY2013Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
160871000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
160051000 shares
CY2014Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
163533000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
163261000 shares
us-gaap Fiscal Period
FiscalPeriod
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Fiscal Year</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s fiscal year ends on March&#160;31. Interim quarters are thirteen week periods, each ending on last Friday of the quarters.&#160; For purposes of presentation, the Company has indicated its quarterly periods as ending on the quarter end.</font></div></div>
us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">The Company</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Logitech International S.A, together with its consolidated subsidiaries, (&#8220;Logitech&#8221; or the &#8220;Company&#8221;) develops and markets innovative hardware and software products that enable or enhance digital navigation, music and video entertainment, gaming, social networking, and audio and video communication over the Internet.</font></div><div style="line-height:120%;text-indent:25px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> operating segments, peripherals and video conferencing. Logitech&#8217;s peripherals segment encompasses the design, manufacturing and marketing of peripherals for personal computers (&#8220;PCs&#8221;), tablets and other digital platforms. The Company&#8217;s video conferencing segment offers scalable high-definition (&#8220;HD&#8221;) video communications endpoints, HD video conferencing systems, a Software-as-a-Service (&#8220;SaaS&#8221;) video service infrastructure software and appliance to support large-scale video deployments, and services to support these products.</font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company sells its peripherals products to a network of distributors, retailers and original equipment manufacturers (&#8220;OEMs&#8221;). The Company sells its video conferencing products and provides services to distributors, value-added resellers, OEMs and, occasionally, direct enterprise customers. The large majority of the Company&#8217;s net sales have historically been derived from peripherals products for use by consumers.</font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;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, which conducts its business through subsidiaries in the Americas, Europe, Middle East, Africa (&#8220;EMEA&#8221;) and Asia Pacific. Shares of Logitech International S.A. are listed on both the Nasdaq Global Select Market under the trading symbol LOGI and the SIX Swiss Exchange under the trading symbol LOGN.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make judgments, estimates and assumptions that affect reported amounts of assets, liabilities, net sales and expenses, and the disclosure of contingent assets and liabilities. Examples of significant estimates and assumptions made by management involve the fair value of goodwill, accruals for customer programs, inventory valuation, valuation allowances for deferred tax assets and warranty accruals. 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 from those estimates.</font></div></div>

Files In Submission

Name View Source Status
0001628280-15-000267-index-headers.html Edgar Link pending
0001628280-15-000267-index.html Edgar Link pending
0001628280-15-000267.txt Edgar Link pending
0001628280-15-000267-xbrl.zip Edgar Link pending
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logi-20141231.xml Edgar Link completed
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