Plantronics 2005 Annual Report Download - page 96

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phones, and for use with computers and gaming consoles. The following table presents net revenues by
product group (in thousands):
Fiscal Year Ended March 31, 2003 2004 2005
Net sales from unaffiliated customers:
Office and contact center $244,358 $273,888 $366,335
Mobile 50,088 92,330 125,262
Gaming and Computer audio 18,494 23,701 39,804
Other specialty products 24,568 27,046 28,594
$337,508 $416,965 $559,995
MAJOR CUSTOMERS. No customer accounted for 10% or more of total revenues, nor did any one
customer account for 10% or more of accounts receivable for fiscal 2003, 2004 or 2005 and as of the
respective year ends.
GEOGRAPHIC INFORMATION. For purposes of geographical reporting, revenues are attributed to
the geographical location of the sales and service organizations. The following table presents net revenues
and long- lived assets by geographic area (in thousands):
Fiscal Year Ended March 31, 2003 2004 2005
Net sales from unaffiliated customers:
United States $228,942 $277,217 $375,530
Europe, Middle East and Africa 76,501 102,926 135,030
Asia Pacific and Latin America 20,362 23,188 33,152
Canada and Other International 11,703 13,634 16,283
Total International 108,566 139,748 184,465
$337,508 $416,965 $559,995
Long-lived assets:
United States $ 23,907 $ 24,129 $ 31,638
Total International 13,050 17,995 28,107
$ 36,957 $ 42,124 $ 59,745
10. Stock Option Plans and Stock Purchase Plans
EMPLOYEE STOCK PLAN. In June 2003, the Board of Directors and Shareholders approved the
Plantronics Inc. Parent Corporation 2003 Stock Plan (the ‘‘2003 Stock Plan’’). Under the 2003 Stock
Plan, 2,000,000 shares of Common Stock (which number is subject to adjustment in the event of stock
splits, reverse stock splits, recapitalization or certain corporate reorganizations) were reserved cumula-
tively since inception for issuance to employees, directors and consultants of Plantronics, as approved by
the Compensation Committee of the Board of Directors and the Stock Option Plan Committee
(comprised of the CEO and a representative of the Finance, Human Resources and Legal departments).
On July 21, 2004 the Stockholders of Plantronics approved the allocation of a further 1,000,000 shares of
Common Stock to be issuable thereunder. Under the 2003 Stock Plan, the Company may not grant more
68 ⯗Plantronics