Logitech 2011 Annual Report Download - page 215
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ANNUAl REPORT
203
Note 7 — Balance Sheet Components
The following provides the components of certain balance sheet asset amounts as of March 31, 2011 and 2010
(in thousands):
March 31,
2011 2010
Accounts receivable:
Accounts receivable................................................. $ 435,331 $ 349,722
Allowance for doubtful accounts....................................... (4,086) (5,870)
Allowance for returns ............................................... (29,666) (23,657)
Cooperative marketing arrangements ................................... (28,669) (17,527)
Customer incentive programs ......................................... (52,358) (44,306)
Pricing programs ................................................... (62,258) (63,115)
$ 258,294 $ 195,247
Inventories:
Raw materials...................................................... $ 37,126 $ 31,630
Work-in-process .................................................... 3 86
Finished goods ..................................................... 243,685 187,877
$ 280,814 $ 219,593
Other current assets:
Tax and VAT refund receivables ....................................... $ 17,810 $ 20,305
Deferred taxes ..................................................... 27,018 27,064
Prepaid expenses and other ........................................... 14,519 11,508
$ 59,347 $ 58,877
Property, plant and equipment:
Plant, buildings and improvements ..................................... $ 52,681 $ 58,629
Equipment ........................................................ 137,248 112,454
Computer equipment ................................................ 60,344 53,576
Computer software.................................................. 85,338 78,156
335,611 302,815
Less: accumulated depreciation........................................ (260,283) (224,485)
75,328 78,330
Construction-in-progress............................................. 5,974 9,751
Land ............................................................. 2,858 3,148
$ 84,160 $ 91,229
Other assets:
Deferred taxes ..................................................... $ 55,897 $ 45,257
Trading investments................................................. 13,113 —
Cash surrender value of life insurance contracts .......................... — 11,097
Deposits and other .................................................. 10,200 9,576
$ 79,210 $ 65,930