Plantronics 2015 Annual Report Download - page 79

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SUPPLEMENTARY QUARTERLY FINANCIAL DATA
(Unaudited)
Each of the Company's fiscal years ends on the Saturday closest to the last day of March. The Company's fiscal years 2015 and
2014 consisted of 52 weeks. Our interim fiscal quarters for the first, second, third, and fourth quarter of fiscal year 2015 ended
on June 28, 2014, September 27, 2014, December 27, 2014, and March 28, 2015, respectively, and our interim fiscal quarters for
the first, second, third, and fourth quarter of fiscal year 2014 ended on June 29, 2013, September 28, 2013, December 28, 2013,
and March 29, 2014, respectively. For purposes of presentation, the Company has indicated its accounting fiscal year as ending
on March 31 and our interim quarterly periods as ending on the last calendar day of the applicable month end.
(in thousands, except per share data) Quarter Ended
March 31,
2015
December 31,
2014
September 30,
2014
June 30,
2014
Net revenues $ 200,762 $ 231,781 $ 215,805 $ 216,662
Gross profit $ 109,166 $ 119,916 $ 117,827 $ 114,710
Net income $ 25,824 $ 30,384 $ 27,421 $ 28,672
Basic net income per common share $ 0.62 $ 0.73 $ 0.66 $ 0.69
Diluted net income per common share $ 0.61 $ 0.71 $ 0.65 $ 0.68
Cash dividends declared per common share $ 0.15 $ 0.15 $ 0.15 $ 0.15
(in thousands, except per share data) Quarter Ended
March 31,
2014
December 31,
2013
September 30,
2013
June 30,
2013
Net revenues $ 209,070 $ 212,739 $ 193,980 $ 202,818
Gross profit $ 111,055 $ 110,327 $ 99,614 $ 105,632
Net income $ 27,943 $ 34,383 $ 23,138 $ 26,953
Basic net income per common share $ 0.67 $ 0.81 $ 0.54 $ 0.63
Diluted net income per common share $ 0.65 $ 0.80 $ 0.53 $ 0.62
Cash dividends declared per common share $ 0.10 $ 0.10 $ 0.10 $ 0.10
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
DISCLOSURE
There have been no disagreements with accountants on any matter of accounting principles and practices or financial disclosure.
ITEM 9A. CONTROLS AND PROCEDURES
Evaluation of disclosure controls and procedures
Our management evaluated, with the participation of our Chief Executive Officer and our Chief Financial Officer, the effectiveness
of our disclosure controls and procedures as of the end of the period covered by this Form 10-K. Based on this evaluation, our
Chief Executive Officer and our Chief Financial Officer have concluded that our disclosure controls and procedures are effective
at the reasonable assurance level to ensure that information we are required to disclose in reports that we file or submit under the
Securities Exchange Act of 1934 (i) is recorded, processed, summarized and reported within the time periods specified in Securities
and Exchange Commission rules and forms, and (ii) is accumulated and communicated to Plantronics’ management, including
our Chief Executive Officer and our Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.
Our disclosure controls and procedures are designed to provide reasonable assurance that such information is accumulated and
communicated to our management. Our disclosure controls and procedures include components of our internal control over
financial reporting. Management’s assessment of the effectiveness of our internal control over financial reporting is expressed at
the level of reasonable assurance because a control system, no matter how well designed and operated, can provide only reasonable,
but not absolute, assurance that the control system’s objectives will be met.
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