Logitech 2014 Annual Report Download - page 275

LOGITECH INTERNATIONAL S.A.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Note 8 — Balance Sheet Components
The following table presents the components of certain balance sheet asset amounts as of March 31, 2014 and
2013 (in thousands):
March 31,
2014 2013
As Revised
Accounts receivable:
Accounts receivable ................................................. $ 338,194 $ 325,870
Allowance for doubtful accounts....................................... (1,712) (2,153)
Allowance for sales returns ........................................... (19,472) (21,883)
Allowance for cooperative marketing arrangements ....................... (24,135) (24,160)
Allowance for customer incentive programs.............................. (41,400) (42,857)
Allowance for pricing programs ....................................... (69,446) (55,858)
$ 182,029 $ 178,959
Inventories:
Raw materials...................................................... $ 24,031 $ 37,504
Work-in-process .................................................... 42 41
Finished goods ..................................................... 198,329 225,099
$ 222,402 $ 262,644
Other current assets:
Income tax and value-added tax receivables.............................. $ 18,252 $ 20,073
Deferred tax assets.................................................. 27,013 25,004
Prepaid expenses and other assets ...................................... 13,892 15,300
$ 59,157 $ 60,377
Property, plant and equipment, net:
Plant, buildings and improvements ..................................... $ 69,897 $ 70,009
Equipment ........................................................ 134,975 133,201
Computer equipment ................................................ 40,610 52,881
Software .......................................................... 81,179 81,320
326,661 337,411
Less accumulated depreciation and amortization .......................... (256,424) (255,564)
70,237 81,847
Construction-in-process.............................................. 15,362 9,047
Land ............................................................. 2,792 2,827
$ 88,391 $ 93,721
Other assets:
Deferred tax assets.................................................. $ 52,883 $ 52,404
Trading investments................................................. 16,611 15,599
Other assets ....................................................... 4,966 6,464
$ 74,460 $ 74,467
ANNUAl REPORT
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