Plantronics 2007 Annual Report Download - page 92

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88 P l a n t r o n i c s
The Company had no unrealized gains or losses at March 31, 2006 and 2007, and did not incur any
realized gains or losses in the years ended March 31, 2005, 2006, and 2007.
10. Details of Certain Balance Sheet Accounts
March 31, (in thousands) 2006 2007
Accounts receivable, net:
Accounts receivable $144,989 $ 149,731
Less: provisions for returns, promotions and rebates (21,615) (30,895)
Less: allowance for doubtful accounts (5,366) (5,078)
$118,008 $ 113,758
Inventory, net:
Purchased parts $ 32,063 $ 57,406
Work in process 3,787 6,268
Finished goods 70,032 62,931
$105,882 $ 126,605
Property, plant and equipment, net:
Land $ 8,491 $ 8,630
Buildings and improvements (useful life 7-30 years) 54,339 64,693
Machinery and equipment (useful life 2-10 years) 103,295 120,619
Construction in progress 10,195 5,622
176,320 199,564
Less: accumulated depreciation and amortization (82,446) (102,305)
$ 93,874 $ 97,259
Accrued liabilities:
Employee compensation and benefits $ 19,670 $ 20,574
Warranty accrual 6,276 7,240
Accrued advertising and sales and marketing 5,084 5,104
Accrued other 12,051 21,107
$ 43,081 $ 54,025
Changes in the warranty obligation, which are included as a component of accrued liabilities on the
consolidated balance sheets, are as follows:
Warranty obligation at March 31, 2005 $ 5,970
Warranty provision relating to products shipped during the year 12,594
Deductions for warranty claims processed (12,288)
Warranty obligation at March 31, 2006 6,276
Warranty provision relating to products shipped during the year 15,946
Deductions for warranty claims processed (14,982)
Warranty obligation at March 31, 2007 $ 7,240