Logitech 2014 Annual Report Download - page 198

Proceeds from the sale of property, plant and equipment were related to the sale of an unused manufacturing
facility in China in the three months ended June 30, 2011 and the sale of our building in Romanel, Switzerland in
the three months ended June 30, 2010.
The purchases and sales of trading investments in the three months ended June 30, 2011 represent mutual fund
activity directed by participants in a deferred compensation plan offered by one of the Company’s subsidiaries. The
mutual funds are held by a Rabbi Trust. In the three months ended June 30, 2010, the deferred compensation plan
was invested in life insurance contracts.
Cash Flow from Financing Activities
The following table presents information on our cash flows from financing activities during the three months
ended June 30, 2011 and 2010 (in thousands):
Three months
ended June 30,
2011 2010
Proceeds from sale of shares upon exercise of options and purchase rights .............. $ 607 $5,329
Tax withholdings related to net share settlements of RSUs ........................... (176) (223)
Excess tax benefits from share-based compensation ................................ 24 421
Net cash provided by financing activities ...................................... $ 455 $5,527
During the three months ended June 30, 2011 and 2010, cash of $0.6 million and $5.3 million was provided
by the sale of shares upon exercise of options and purchase rights pursuant to the Company’s stock plans. The
payment of tax withholdings related to net share settlements of RSUs (restricted stock units) required the use of
$0.2 million in cash in both three month periods ended June 30, 2011 and 2010. Tax benefits recognized on the
exercise of share-based payment awards provided $0.02 million and $0.4 million in the three months ended June 30,
2011 and 2010.
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