Plantronics 2005 Annual Report Download - page 102

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The following tables summarize our cash flow hedging positions at March 31, 2004 and 2005 respectively
(in thousands):
March 31, 2004
Balance Sheet Income Statement
Accumulated Other Other Income
As of March 31, 2004 Comprehensive Income/(loss) Net Revenues and Expenses
Realized loss on closed
transactions $ — $(3,075) $ —
Recognized but unrealized
loss on open transactions (1,937) — —
$(1,937) $(3,075) $ —
March 31, 2005
Balance Sheet Income Statement
Accumulated Other Other Income
As of March 31, 2005 Comprehensive Income/(loss) Net Revenues and Expenses
Realized loss on closed
transactions $ — $(2,848) $ —
Recognized but unrealized
loss on open transactions (1,615) — —
$(1,615) $(2,848) $ —
Foreign currency transactions related to cash flow hedging activities using option contracts resulted in a
net reduction to revenue of $2.8 for the fiscal year ended March 31, 2005 and $3.1 million for the fiscal
year ended March 31, 2004.
14. Related Party Transactions
A member of our Board of Directors is a director and employee of a management consulting firm. We
have entered into a consulting arrangement with this firm under which certain management consulting
services are provided to Plantronics from time to time. The total amount paid to this firm for the year
ended March 31, 2003 were $1.2 million. No material amounts were due to this firm as of March 31,
2004 and March 31, 2005, respectively.
15. Subsequent Events
On April 5th, 2005, we acquired Octiv Inc. of Berkeley, CA, a provider of audio signal processing techno-
logy. The total purchase price was less than $10 million.
74 ⯗Plantronics