Logitech 2010 Annual Report Download - page 183

ANNUAl REPORT
171
The accompanying notes are an integral part of these consolidated financial statements.
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, 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
Deferred 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 adoption of accounting requirements
for uncertain tax positions .................. — — — — — 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 ............. — — 21,067 — — — — 21,067
March 31, 2008 .............................. 191,606 $33,370 $49,821 12,431 $(338,293) $1,234,629 $(19,483) $ 960,044
Net income ................................. 107,032 107,032
Cumulative translation adjustment . . . . . . . . . . . . . . (55,983)(55,983)
Net deferred hedging gains . . . . . . . . . . . . . . . . . . . . — — — — — — 216 216
Actuarial loss on pension plan, net of tax of $182 ... — — — — — — (6,055)(6,055)
Unrealized gain on investment . . . . . . . . . . . . . . . . . — — — — — — 424 424
Total comprehensive income ................ $45,634
Tax benefit from exercise of stock options . . . . . . . . — — 15,253 — — — — 15,253
Purchase of treasury shares .................... — — — 2,803 (78,870) — — (78,870)
Sale of shares upon exercise of options
and purchase rights . . . . . . . . . . . . . . . . . . . . . . . — — (44,590)(3,110)75,709 — — 31,119
Share-based compensation expense ............. — — 24,528 — — — — 24,528
March 31, 2009 .............................. 191,606 $33,370 $45,012 12,124 $(341,454) $ 1,341,661 $(80,881) $ 997,708
Net income ................................. 64,957 64,957
Cumulative translation adjustment . . . . . . . . . . . . . . 2,753 2,753
Net deferred hedging gains . . . . . . . . . . . . . . . . . . . . — — — — — 1,178 1,178
Actuarial gain on pension plan, net of tax of $122 . . — — — — — 4,309 4,309
Total comprehensive income ................ $73,197
Tax benefit from exercise of stock options . . . . . . . . — — 266 — — — — 266
Purchase of treasury shares .................... — — — 7,425 (126,301) — — (126,301)
Sale of shares upon exercise of options
and purchase rights . . . . . . . . . . . . . . . . . . . . . . . — — (56,326)(3,114)85,243 — — 28,917
Share-based compensation expense ............. — — 25,928 — — — — 25,928
March 31, 2010 .............................. 191,606 $33,370 $14,880 16,435 $(382,512) $1,406,618 $(72,641) $ 999,715