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F-6
LOGITECH INTERNATIONAL S.A.
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY
(In thousands)
Registered shares
Additional
paid-in
capital
Treasury shares Retained
earnings
Accumulated
other
comprehensive
loss TotalShares Amount Shares Amount
March 31, 2005 .......................... 191,606 $33,370 $125,745 14,642 $ (173,728) $ 584,653 $(43,891) $ 526,149
Net income.............................. — — — — — 181,105 — 181,105
Cumulative translation adjustment........... — — — — — — (3,314) (3,314)
Change in unrealized gain on investment, net
of tax of $1,659 ........................ — — — — — — 19,611 19,611
Deferred realized hedging loss.............. — — — — — — (617) (617)
Total comprehensive income ............ 196,785
Tax benefit from exercise of stock options..... — — 15,714 — — — — 15,714
Purchase of treasury shares ................ — — — 12,276 (241,352) — — (241,352)
Sale of shares upon exercise of options and
purchase rights ........................ — — (46,716) (7,066) 95,922 — — 49,206
Conversion of convertible debt.............. — — 5,596 (10,897) 133,078 — — 138,674
March 31, 2006 .......................... 191,606 $33,370 $100,339 8,955 $ (186,080) $ 765,758 $(28,211) $ 685,176
Net income.............................. — — — — — 229,848 — 229,848
Cumulative translation adjustment........... — — — — — — 9,695 9,695
Change in unrealized gain on investment, net
of tax of $601.......................... — — — — — — (10,211) (10,211)
Reclassification adjustment for net realized
gains on investment, net of tax of $1,058.... — — — — — — (9,400) (9,400)
Deferred realized hedging loss.............. — — — — — — 697 697
Total comprehensive income ............ 220,629
Adoption of SFAS 158, net of tax of $859 ..... — — — — — — (2,728) (2,728)
Tax benefit from exercise of stock options..... — — 14,668 — — — — 14,668
Purchase of treasury shares ................ — — — 5,610 (138,095) — — (138,095)
Sale of shares upon exercise of options and
purchase rights ........................ — — (62,396) (5,201) 107,102 — — 44,706
Share-based compensation expense related to
employee stock options and stock
purchase plan.......................... — — 20,168 — — — — 20,168
March 31, 2007 .......................... 191,606 $33,370 $ 72,779 9,364 $ (217,073) $ 995,606 $(40,158) $ 844,524
Net income.............................. — — — — — 231,026 — 231,026
Cumulative translation adjustment........... — — — — — — 28,006 28,006
Realized hedging loss..................... — — — — — — (992) (992)
Actuarial loss on pension plan, net
of tax of $31........................... — — — — — — (6,339) (6,339)
Total comprehensive income ............ 251,701
Change in pension plan measurement date .... — — — — — (317) — (317)
Adjustment for the adoption of FASB
Interpretation No. 48 (FIN 48)............ — — — — — 8,314 — 8,314
Tax benefit from exercise of stock options..... — — 3,894 — — — — 3,894
Purchase of treasury shares ................ — — — 7,784 (219,742) — — (219,742)
Sale of shares upon exercise of options and
purchase rights ........................ — — (47,919) (4,717) 98,522 — — 50,603
Share-based compensation expense related to
employee stock options and stock
purchase plan.......................... — — 21,067 — — — — 21,067
March 31, 2008 .......................... 191,606 $33,370 $ 49,821 12,431 $ (338,293) $1,234,629 $(19,483) $ 960,044
The accompanying notes are an integral part of these consolidated financial statements.