Plantronics 2010 Annual Report Download - page 76

Download and view the complete annual report

Please find page 76 of the 2010 Plantronics annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 112

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112

68
Changes in the warranty obligation, which are included as a component of accrued liabilities on the consolidated balance sheets, are as
follows:
(in thousands)
2009 2010
Warranty obligation at beginning of period $ 10,441 $ 12,424
Deductions for warranty claims processed (19,612) (15,517)
ed with sale of AEG - (383)
,006
Year ended March 31,
Warranty provision relating to products shipped during the year 21,595 14,482
Warranty provision transferr
Warranty obligation at end of period $12,424 $11
8.
GOODWILL
The changes in the carrying value of goodwill during the fiscal years ended March 31, 2009 and 2010 were as follows:
(in thousands)
Continuing
Operations
1
Discontinued
Operations
2
Consolidated
Balance at March 31, 2008:
Goodwill $ 14,116 $ 55,055 $ 69,171
Accumulated impairment losses - - -
14,116 55,055 69,171
Carrying value adjustments (111) (406) (517)
Impairment to goodwill - (54,649) (54,649)
Balance at March 31, 2009 $ 14,005 $ - $ 14,005
(in thousands)
Continuing
Operations
1
Discontinued
Operations
2
Consolidated
Balance at March 31, 2009:
Goodwill $ 14,005 $ 54,649 $ 68,654
Accumulated impairment losses - (54,649) (54,649)
14,005 - 14,005
Carrying value adjustments - - -
Impairment to goodwill - - -
Balance at March 31, 2010 $ 14,005 $ - $ 14,005
1 Continuing operations is referenced in the discussion below to the prior ACG business segment.
2 Discontinued operations is referenced in the discussion below to the prior AEG business segment which was sold on
December 1, 2009.