Plantronics 2015 Annual Report Download - page 77

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The Company believes that an adequate provision has been made for any adjustments that may result from tax examinations;
however, the outcome of such examinations cannot be predicted with certainty. If any issues addressed in the tax examinations
are resolved in a manner inconsistent with the Company's expectations, the Company could be required to adjust its provision for
income tax in the period such resolution occurs. The timing of any resolution and/or closure of tax examinations is not certain.
16. COMPUTATION OF EARNINGS PER COMMON SHARE
The Company has a share-based compensation plan under which employees may be granted share-based awards, including shares
of restricted stock on which non-forfeitable dividends are paid on unvested shares. As such, shares of restricted stock are considered
participating securities under the two-class method of calculating earnings per share as described in the Earnings per Share Topic
of the FASB ASC. The two-class method of calculating earnings per share did not have a material impact on the Company's
earnings per share calculation as of March 31, 2015, 2014, and 2013.
The following table sets forth the computation of basic and diluted earnings per share:
(in thousands, except earnings per share data) Fiscal Year Ended March 31,
2015 2014 2013
Numerator:
Net income $ 112,301 $ 112,417 $ 106,402
Denominator:
Weighted average common shares-basic 41,723 42,452 41,748
Dilutive effect of employee equity incentive plans 920 912 990
Weighted average shares-diluted 42,643 43,364 42,738
Basic earnings per common share $ 2.69 $ 2.65 $ 2.55
Diluted earnings per common share $ 2.63 $ 2.59 $ 2.49
Potentially dilutive securities excluded from diluted earnings per share because
their effect is anti-dilutive 442 202 1,038
17. GEOGRAPHIC INFORMATION
The Company designs, manufactures, markets, and sells headsets for business and consumer applications, and other specialty
products for the hearing impaired. With respect to headsets, it makes products for use in offices and contact centers, with mobile
and cordless phones, and with computers and gaming consoles. Major product categories include Enterprise, which includes
corded and cordless communication headsets, audio processors, and telephone systems; and Consumer, which includes Bluetooth®
and corded products for mobile phone applications, personal computer ("PC") and gaming headsets, and specialty products marketed
for hearing impaired individuals.
The following table presents net revenues by product group:
Fiscal Year Ended March 31,
(in thousands) 2015 2014 2013
Net revenues from unaffiliated customers:
Enterprise $ 619,284 $ 588,265 $ 549,301
Consumer 245,726 230,342 212,925
Total net revenues $ 865,010 $ 818,607 $ 762,226
For reporting purposes, revenue is attributed to each geographic region based on the location of the customer. Other than the U.S.,
no country accounted for 10% or more of the Company's net revenues for the years ended March 31, 2015, 2014, and 2013.
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