Logitech 2013 Annual Report Download - page 202

LOGITECH INTERNATIONAL S.A.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
The Company repurchased shares under these programs as follows (in thousands):
Amounts Repurchased
During Year ended March 31,(1)
Program to date 2013 2012
Date of Announcement Shares Amount Shares Amount Shares Amount
September 2008—amended . . . . . . . . . . . . . . . 18,500 $ 172,857 8,600 $89,955 9,900 $ 82,902
September 2008 . . . . . . . . . . . . . . . . . . . . . . . . 7,609 73,134 — — 7,609 73,134
26,109 $ 245,991 8,600 $89,955 17,509 $156,036
(1) Represents the amount in U.S. dollars, including transaction costs, calculated based on exchange rates on the
repurchase dates.
Accumulated Other Comprehensive Loss
The components of accumulated other comprehensive loss were as follows (in thousands):
March 31,
2013 2012
Foreign currency translation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $(72,269) $(66,854)
Pension liability adjustments, net of tax of $315 and $752 . . . . . . . . . . . . . . (20,316) (29,362)
Unrealized gain on investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 343
Net deferred hedging gains (losses) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 510 (56)
$(92,075) $(95,929)
Note 13 — Segment Information
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, tablets and other digital platforms. The video conferencing segment 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. The Chief Executive Officer periodically reviews information such as net sales and operating
income (loss) for each operating segment to make business decisions. These operating performance measures do
not include share-based compensation expense and amortization of intangible assets. Share-based compensation
expense and amortization of intangible assets are presented in the following financial information by operating
Note 12 — Shareholders’ Equity (Continued)
200