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F-21
LOGITECH INTERNATIONAL S.A.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
The Company’s acquired other intangible assets subject to amortization were as follows (in thousands):
March 31, 2008 March 31, 2007
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Trademark/tradename. . . $21,385 $(16,896) $ 4,489 $ 19,943 $(14,902) $ 5,041
Technology ........... 37,523 (20,911) 16,612 34,423 (21,248) 13,175
Customer contracts ..... 2,318 (1,689) 629 2,120 (1,416) 704
$61,226 $(39,496) $ 21,730 $56,486 $(37,566) $18,920
For fiscal years 2008, 2007 and 2006, amortization expense for other intangible assets was $5.4
million, $4.9 million and $4.6 million. The Company expects that annual amortization expense for the
fiscal years ending 2009, 2010, 2011, 2012 and 2013 will be $5.6 million, $4.6 million, $4.4 million, $3.5
million and $2.2 million; and $1.4 million in total thereafter.
Note 9 — Financing Arrangements
The Company had several uncommitted, unsecured bank lines of credit aggregating $131.9 million
at March 31, 2008. There are no financial covenants under these lines of credit with which the Company
must comply. At March 31, 2008, the Company had no outstanding borrowings under these lines of credit.
Borrowings outstanding at March 31, 2007 were $11.9 million. The borrowings under these agreements
were denominated in Japanese yen at a weighted average annual interest rate of 1.7% at March 31, 2007.
Note 10 — Shareholders’ Equity
Exchange of Nasdaq-Listed American Depositary Shares
In October 2006, the Company exchanged its Nasdaq-listed ADSs for Logitech shares on a one-for-
one basis and continued its Nasdaq listing with shares in lieu of ADSs. As a result of the exchange, the
same Logitech shares trade on the Nasdaq Global Select Market and the SWX Swiss Exchange. Since the
exchange of the Nasdaq-listed ADSs for Logitech shares was a one-for-one exchange, there was no impact
on financial statement or per share amounts.
Stock Split
In June 2006, the Company’s shareholders approved a two-for-one split of Logitech’s shares, which
took effect on July 14, 2006. In June 2005, the Company’s shareholders also approved a two-for-one split
of Logitech’s shares, which took effect on June 30, 2005. All references to share and per-share data for all
periods presented herein have been adjusted to give effect to these stock splits.
Authorized and Conditional Share Capital
In June 2006, the Company’s shareholders renewed the approval of 40 million authorized shares for
use in acquisitions, mergers and other transactions. This authorization expires in June 2008.
In addition, the Company has conditionally authorized shares totaling 60,661,860 to cover option
rights granted or other equity rights that may be granted to employees, officers and directors of Logitech
under its employee equity incentive plans. In June 2007, the Company’s Board of Directors approved a
change in the Company’s Articles of Incorporation which eliminated the conditional share capital for