Plantronics 2011 Annual Report Download - page 67
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There was no income or loss from discontinued operations for the year ended March 31, 2011. The results from discontinued
operations for the years ended March 31, 2010 and 2009 were as follows:
(in thousands)
Net revenues
Cost of revenues
Operating expenses
Impairment of goodwill and long-lived assets
Restructuring and other related charges
Loss on sale of AEG
Loss from operations of discontinued AEG segment (including loss on sale of AEG)
Tax benefit from discontinued operations
Loss on discontinued operations, net of tax
Years Ended March 31,
2010
$ 64,916
(53,127)
(16,433)
(25,194)
(19)
(611)
(30,468)
(11,393)
$(19,075)
2009
$ 91,029
(86,932)
(28,144)
(117,464)
(1,122)
—
(142,633)
(32,392)
$(110,241)
5. CASH, CASH EQUIVALENTS AND INVESTMENTS
The following table presents the Company's cash, cash equivalents and investments as of March 31, 2011 and 2010:
(in thousands)
Cash and cash equivalents:
Cash
Cash equivalents
Total Cash and cash
equivalents
Short-term investments:
U.S. Treasury Bills and
Government Agency
Securities
Commercial Paper, U.S.
Corporate Bonds and
Certificates of Deposit
("CDs")
Auction Rate Securities
Total Short-term investments
Long-term investments:
U.S. Treasury Bills and
Government Agency
Securities
U.S. Corporate Bonds and
CDs
Total Long-term investments
Total cash, cash equivalents
and investments
March 31, 2011
Amortized
Cost
$ 136,804
147,573
$ 284,377
$ 98,845
46,703
—
$ 145,548
$ 17,387
21,965
$ 39,352
$ 469,277
Gross
Unrealized
Gains
$ —
1
$ 1
$ 17
18
—
$ 35
$ 4
11
$ 15
$ 51
Gross
Unrealized
Losses
$ —
(3)
$ (3)
$ (1)
(1)
—
$ (2)
$ —
(35)
$ (35)
$ (40)
Fair
Value
$136,804
147,571
$284,375
$ 98,861
46,720
—
$145,581
$ 17,391
21,941
$ 39,332
$469,288
March 31, 2010
Amortized
Cost
$ 69,918
280,043
$ 349,961
$ —
—
19,231
$ 19,231
$ —
—
$ —
$ 369,192
Gross
Unrealized
Gains
$ —
—
$ —
$ —
—
—
$ —
$ —
—
$ —
$ —
Gross
Unrealized
Losses
$ —
—
$ —
$ —
—
—
$ —
$ —
—
$ —
$ —
Fair
Value
$ 69,918
280,043
$349,961
$ —
—
19,231
$ 19,231
$ —
—
$ —
$369,192
As of March 31, 2011, the Company's investments are classified as available-for-sale securities. As of March 31, 2010, the
Company's short-term investments consisted of auction rate securities (“ARS”), classified as trading securities and the Company
had no long-term investments.
The Company reviews its investments for impairment quarterly. Based on its review, the Company did not identify any investments
that were other-than-temporarily impaired during the years ended March 31, 2011 and 2010.
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