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34 P l a n t r o n i c s
Item 6. Selected Financial Data
SELECTED FINANCIAL DATA
The following selected financial information has been derived from our audited consolidated financial
statements. The information set forth below is not necessarily indicative of results of future operations
and should be read in conjunction with Item 7, “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” and the Consolidated Financial Statements and notes thereto
included in Item 8 of this Form 10-K in order to fully understand factors that may affect the comparability
of the information presented below.
Fiscal Year Ended March 31,
(in thousands, except income per share) 2003 2004 2005 20061 20072
STATEMENT OF OPERATIONS DATA:
Net revenues $337,508 $416,965 $559,995 $750,394 $800,154
Net income $ 41,476 $ 62,279 $ 97,520 $ 81,150 $ 50,143
Basic net income per common share $ 0.92 $ 1.39 $ 2.02 $ 1.72 $ 1.06
Diluted net income per common share $ 0.89 $ 1.31 $ 1.92 $ 1.66 $ 1.04
Cash dividends declared per common share $ — $ — $ 0.15 $ 0.20 $ 0.20
Shares used in diluted per share calculations 46,584 47,492 50,821 48,788 48,020
BALANCE SHEET DATA:
Cash, cash equivalents, and short-term
investments $ 59,725 $180,616 $242,814 $ 76,732 $103,365
Total assets $205,209 $368,252 $487,929 $612,249 $651,304
Long-term liabilities $ — $ — $ 2,930 $ 1,453 $ 696
Total stockholders’ equity $146,930 $299,303 $405,719 $435,621 $496,807
1 On August 18, 2005, we completed the acquisition of 100% of the outstanding shares of Altec Lansing
Technologies, Inc., a privately-held Pennsylvania corporation (“Altec Lansing”) for a cash purchase
price including acquisition costs of approximately $165 million. The results of operations of Altec
Lansing have been included in our consolidated results of operations subsequent to the acquisition on
August 18, 2005. See Note 6 of the Consolidated Financial Statements and related notes, included
elsewhere, herein.
2 We began recognizing the provisions of SFAS No. 123(R) beginning in fiscal 2007; as a result,
$16.9 million in stock-based compensation expense has been included in our consolidated results of
operations for the year ended March 31, 2007. See Note 4 of the Consolidated Financial Statements
and related notes, included elsewhere, herein.