Plantronics 2012 Annual Report Download - page 44

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For reporting purposes, revenue is attributed to each geographic region based on the location of the customer. The following
table presents Net revenues by geography:
Fiscal Year Ended March 31,
(in thousands) 2012 2011 2010
Net revenues from unaffiliated customers:
U.S. $ 406,233 $ 400,292 $ 378,119
Europe, Middle East and Africa 181,761 169,521 148,070
Asia Pacific 74,249 62,697 46,494
Americas, excluding U.S. 51,125 51,092 41,154
Total International net revenues 307,135 283,310 235,718
Total net revenues $ 713,368 $ 683,602 $ 613,837
No customer accounted for 10% or more of total Net revenues for fiscal years 2012, 2011 and 2010, nor did any one customer
account for 10% or more of Accounts receivable, net at March 31, 2012 or March 31, 2011.
The following table presents long-lived assets by geographic area on a consolidated basis:
Fiscal Year Ended
March 31,
(in thousands) 2012 2011
U.S. $ 70,808 $ 65,899
Mexico 6,728 7,293
Other countries 13,011 12,291
Total Long-lived assets $ 90,547 $ 85,483
20. SUBSEQUENT EVENTS
Dividend Declaration
On May 1, 2012, the Board declared a cash dividend of $0.10 per share of the Company's common stock, payable on June 8, 2012
to stockholders of record on May 18, 2012.
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SUPPLEMENTARY QUARTERLY FINANCIAL DATA
(Unaudited)
Each of the Company's fiscal years ends on the Saturday closest to the last day of March. The Company's fiscal years 2012 and
2011 consist of 52 weeks. Our interim fiscal quarters for the first, second, third and fourth quarter of fiscal year 2012 ended on
July 2, 2011, October 1, 2011, December 31, 2011 and March 31, 2012, respectively, and our interim fiscal quarters for the first,
second, third and fourth quarter of fiscal year 2011 ended on July 3, 2010, October 2, 2010, January 1, 2011 and April 2, 2011,
respectively. For purposes of presentation, the Company has indicated its accounting fiscal year as ending on March 31 and our
interim quarterly periods as ending on the last calendar day of the applicable month end.
Quarter Ended
March 31,
2012
December 31,
2011
September 30,
2011
June 30,
2011
(in thousands, except per share data)
Net revenues $ 177,584 $ 183,236 $ 176,948 $ 175,600
Gross profit $ 95,115 $ 96,212 $ 98,966 $ 94,058
Net income $ 23,886 $ 30,898 $ 27,521 $ 26,731
Basic net income per common share $ 0.57 $ 0.73 $ 0.62 $ 0.57
Diluted net income per common share $ 0.55 $ 0.71 $ 0.60 $ 0.56
Cash dividends declared per common share $ 0.05 $ 0.05 $ 0.05 $ 0.05
Quarter Ended
March 31,
2011 1December 31, 2010
September 30,
2010
June 30,
2010
(in thousands, except per share data)
Net revenues $ 173,077 $ 181,585 $ 158,255 $ 170,685
Gross profit $ 90,541 $ 95,808 $ 85,959 $ 89,448
Net income $ 26,316 $ 31,552 $ 25,429 $ 25,946
Basic net income per common share $ 0.55 $ 0.66 $ 0.54 $ 0.54
Diluted net income per common share $ 0.53 $ 0.64 $ 0.52 $ 0.52
Cash dividends declared per common share $ 0.05 $ 0.05 $ 0.05 $ 0.05
1 During the fourth quarter of fiscal year 2011, the Company recognized a gain of $5.1 million related to a binding settlement
agreement with a competitor to dismiss litigation involving the alleged theft of the Company's trade secrets and received
payment in the same quarter. In addition, the Company recorded $1.4 million in accelerated amortization expense to
reflect the revised estimated useful life of an intangible asset the Company deemed to be abandoned.
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