Logitech 2014 Annual Report Download - page 215
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Quarter ended June 30, 2012 Quarter ended September 30, 2012
As Reported Adjustments As Revised As Reported Adjustments As Revised
Net sales. . . . . . . . . . . . . . . . . . . . . . $468,604 $ — $468,604 $ 547,693 $ — $ 547,693
Cost of goods sold . . . . . . . . . . . . . . 323,258 149(2) 323,297 351,919 110(2) 351,887
(110)(4) (142)(4)
Gross profit . . . . . . . . . . . . . . . . . . . 145,346 (39) 145,307 195,774 32 195,806
Operating expenses:
Marketing and selling . . . . . . . . 100,897 145(2) 101,021 110,522 107(2) 110,603
(21)(4) (26)(4)
Research and development. . . . . 39,023 118(2) 39,120 38,114 88(2) 38,181
(21)(4) (21)(4)
General and administrative . . . . 32,480 78(2) 32,583 25,980 58(2) 26,014
25(4) (24)(4)
Restructuring
charges/(credits) . . . . . . . . . . 31,227 (656)(4) 30,571 (2,671) 656(4) (2,015)
Total operating expenses . . . 203,627 (332) 203,295 171,945 838 172,783
Operating income (loss). . . . . . . . . . (58,281) 293 (57,988) 23,829 (806) 23,023
Interest income, net . . . . . . . . . . . . . 384 — 384 153 — 153
Other expense, net . . . . . . . . . . . . . . (159) — (159) (509) — (509)
Income (loss) before
income taxes. . . . . . . . . . . . . . . . (58,056) 293 (57,763) 23,473 (806) 22,667
Benefit from income taxes . . . . . . . (6,910) — (6,910) (31,076) (5)(4) (31,081)
Net income (loss) . . . . . . . . . . . . . . . $ (51,146) $ 293 $ (50,853) $ 54,549 $ (801) $ 53,748
Net income (loss) per share:
Basic. . . . . . . . . . . . . . . . . . . . . . $ (0.32) $ — $ (0.32) $ 0.35 $ (0.01) $ 0.34
Diluted . . . . . . . . . . . . . . . . . . . . $ (0.32) $ — $ (0.32) $ 0.35 $ (0.01) $ 0.34
Shares used to compute net income
(loss) per share:
Basic. . . . . . . . . . . . . . . . . . . . . . 160,733 — 160,733 156,736 — 156,736
Diluted . . . . . . . . . . . . . . . . . . . . 160,733 — 160,733 157,932 — 157,932
ANNUAl REPORT
199