Plantronics 2014 Annual Report Download - page 67

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55
5. DETAILS OF CERTAIN BALANCE SHEET ACCOUNTS
Accounts receivable, net:
March 31,
(in thousands) 2014 2013
Accounts receivable $ 159,592 $ 151,250
Provisions for returns (6,201)(8,957)
Provisions for promotions and rebates (14,803)(13,675)
Provisions for doubtful accounts and sales allowances (287)(409)
Accounts receivable, net $ 138,301 $ 128,209
Inventory, net:
March 31,
(in thousands) 2014 2013
Raw materials $ 28,071 $ 28,743
Work in process 985 82
Finished goods 28,076 38,610
Inventory, net $ 57,132 $ 67,435
Property, plant, and equipment, net:
March 31,
(in thousands) 2014 2013
Land $ 14,170 $ 13,961
Buildings and improvements (useful life: 7-30 years) 94,299 72,263
Machinery and equipment (useful life: 2-10 years) 97,520 88,538
Software (useful life: 5-6 years) 30,368 30,538
Construction in progress 24,927 16,101
261,284 221,401
Accumulated depreciation and amortization (126,882)(122,290)
Property, plant, and equipment, net $ 134,402 $ 99,111
Depreciation and amortization expense for fiscal years 2014, 2013, and 2012 was $15.5 million, $15.8 million, and $13.3 million,
respectively. Included in depreciation and amortization expense in fiscal years 2014 and 2013 is an immaterial amount of accelerated
amortization in connection with restructuring activity announced in fiscal year 2013 related to leasehold improvement assets with
no alternative future use.
Included in Software are unamortized capitalized software costs of $5.1 million and $6.1 million at March 31, 2014 and 2013,
respectively. Amortization expense related to capitalized software costs in fiscal years 2014, 2013, and 2012 was $2.3 million,
$2.9 million, and $3.1 million, respectively.