Logitech 2012 Annual Report Download - page 266

LOGITECH INTERNATIONAL S.A.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Accumulated Other Comprehensive Loss
The components of accumulated other comprehensive loss were as follows (in thousands):
March 31,
2012 2011
Cumulative translation adjustment .................................. $(66,854) $(58,641)
Pension liability adjustments, net of tax of $752 and $759 . . . . . . . . . . . . . . . (29,362) (18,073)
Unrealized gain on investments .................................... 343 1,168
Net deferred hedging gains (losses) ................................. (56) (2,972)
$(95,929) $(78,518)
Note 13 — Segment Information
Net sales by product family, excluding intercompany transactions, were as follows (in thousands):
Year ended March 31,
2012 2011 2010
Retail—Pointing Devices .......................... $ 619,505 $ 618,404 $ 528,236
Retail—Keyboards & Desktops ..................... 447,991 386,968 329,038
Retail—Audio ................................... 483,485 466,927 454,957
Retail—Video ................................... 215,657 255,015 228,344
Retail—Gaming ................................. 111,480 104,545 107,595
Retail—Digital Home ............................. 104,665 173,351 96,982
OEM........................................... 185,959 223,775 198,364
Peripherals ...................................... 2,168,742 2,228,985 1,943,516
Video Conferencing............................... 147,461 133,901 23,232
Total net sales................................. $2,316,203 $2,362,886 $1,966,748
The Company has two operating segments, peripherals and video conferencing, based on product markets and
internal organizational structure. The peripherals segment encompasses the design, manufacturing and marketing
of peripherals for PCs (personal computers), tablets and other digital platforms. The video conferencing segment
consists of the LifeSize division, and encompasses the design, manufacturing and marketing of LifeSize video
conferencing products, infrastructure and services for the enterprise, public sector and other business markets. The
Company’s operating segments do not record revenue on sales between segments, as such sales are not material.
Operating performance measures for the peripherals segment and the video conferencing segment are reported
separately to Logitech’s Chief Executive Officer, who is considered to be the Company’s chief operating decision
maker. These operating performance measures do not include share-based compensation expense, amortization
of intangible assets, and assets by operating segment. Share-based compensation expense and amortization of
Note 12 — Shareholders’ Equity (Continued)
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