Plantronics 2015 Annual Report Download - page 54
Download and view the complete annual report
Please find page 54 of the 2015 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.-
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
 |
 |
PLANTRONICS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
Fiscal Year Ended March 31,
2015 2014 2013
Net revenues $ 865,010 $ 818,607 $ 762,226
Cost of revenues 403,391 391,979 359,045
Gross profit 461,619 426,628 403,181
Operating expenses:
Research, development, and engineering 91,627 84,781 80,373
Selling, general, and administrative 229,569 201,176 182,445
Gain from litigation settlements (8,662)— —
Restructuring and other related charges — 547 2,266
Total operating expenses 312,534 286,504 265,084
Operating income 149,085 140,124 138,097
Interest and other income (expense), net (3,834) 1,015 328
Income before income taxes 145,251 141,139 138,425
Income tax expense 32,950 28,722 32,023
Net income $ 112,301 $ 112,417 $ 106,402
Earnings per common share:
Basic $ 2.69 $ 2.65 $ 2.55
Diluted $ 2.63 $ 2.59 $ 2.49
Shares used in computing earnings per common share:
Basic 41,723 42,452 41,748
Diluted 42,643 43,364 42,738
Cash dividends declared per common share 0.60 0.40 0.40
The accompanying notes are an integral part of these consolidated financial statements.
42