10-Q/A Filing

LOGITECH INTERNATIONAL S.A. CIK: 1032975 Q1 2011

Filing Information

Form Type	10-Q/A
Accession Number	`0001193125-11-241116`
Period End Date	20110630
Filing Date	20110906
Fiscal Year	2011
Fiscal Period	Q1
XBRL Instance	logi-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 34 Cash Flow Statement 56 Stockholders Equity 30

Balance Sheet 59 line items

Line Item	Tag	Value	Unit	Period
Shares, par value CHF	`CommonStockParOrStatedValuePerShare`	0.25	CHF	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$317.31M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$476.37M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$319.94M	USD	Point-in-time
Shares, par value CHF	`CommonStockParOrStatedValuePerShare`	0.25	CHF	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$477.93M	USD	Point-in-time
Shares, issued	`CommonStockSharesIssued`	191.61M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$241.46M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$258.29M	USD	Point-in-time
Shares, issued	`CommonStockSharesIssued`	191.61M	shares	Point-in-time
Shares, authorized	`CommonStockSharesAuthorized`	191.61M	shares	Point-in-time
Inventories	`InventoryNet`	$280.81M	USD	Point-in-time
Inventories	`InventoryNet`	$317.55M	USD	Point-in-time
Shares, authorized	`CommonStockSharesAuthorized`	191.61M	shares	Point-in-time
Shares, conditionally authorized	`SharesConditionallyAuthorized`	50.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$59.35M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$90.12M	USD	Point-in-time
Shares, conditionally authorized	`SharesConditionallyAuthorized`	50.00M	shares	Point-in-time
Treasury shares	`TreasuryStockShares`	12.43M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.13B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.08B	USD	Point-in-time
Treasury shares	`TreasuryStockShares`	12.33M	shares	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentNet`	$81.24M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentNet`	$84.16M	USD	Point-in-time
Goodwill	`Goodwill`	$547.18M	USD	Point-in-time
Goodwill	`Goodwill`	$547.18M	USD	Point-in-time
Other intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$74.62M	USD	Point-in-time
Other intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$67.99M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$71.18M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$79.21M	USD	Point-in-time
Total assets	`Assets`	$1.86B	USD	Point-in-time
Total assets	`Assets`	$1.89B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$328.31M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$298.16M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$189.37M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$172.56M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$470.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$517.68M	USD	Point-in-time
Other liabilities	`LiabilitiesNoncurrent`	$185.84M	USD	Point-in-time
Other liabilities	`LiabilitiesNoncurrent`	$189.06M	USD	Point-in-time
Total liabilities	`Liabilities`	$706.74M	USD	Point-in-time
Total liabilities	`Liabilities`	$656.55M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Shares, par value CHF 0.25 - 191,606 issued and authorized and 50,000 conditionally authorized at June 30, 2011 and March 31, 2011	`CommonStockValue`	$33.37M	USD	Point-in-time
Shares, par value CHF 0.25 - 191,606 issued and authorized and 50,000 conditionally authorized at June 30, 2011 and March 31, 2011	`CommonStockValue`	$33.37M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$6.95M	USD	Point-in-time
Less shares in treasury, at cost, 12,326 at June 30, 2011 and 12,433 at March 31, 2011	`TreasuryStockValue`	$264.02M	USD	Point-in-time
Less shares in treasury, at cost, 12,326 at June 30, 2011 and 12,433 at March 31, 2011	`TreasuryStockValue`	$260.94M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.51B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.48B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-78.52M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-77.61M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$999.72M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.19B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.21B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.03B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.89B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.86B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$479.33M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$480.44M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$310.30M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$354.83M	USD	1 Quarter
Gross profit	`GrossProfit`	$125.61M	USD	1 Quarter
Gross profit	`GrossProfit`	$169.03M	USD	1 Quarter
Marketing and selling	`SellingAndMarketingExpense`	$91.48M	USD	1 Quarter
Marketing and selling	`SellingAndMarketingExpense`	$99.79M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$38.39M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$39.98M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$30.86M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$27.36M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$170.64M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$157.23M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-45.03M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$11.80M	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$521.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$690.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncome`	$1.80M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncome`	$5.19M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$14.12M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-39.15M	USD	1 Quarter
Benefit from income taxes	`IncomeTaxExpenseBenefit`	$-5.40M	USD	1 Quarter
Benefit from income taxes	`IncomeTaxExpenseBenefit`	$-9.54M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-29.61M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$19.52M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.11	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.17	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.11	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.17	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	179.33M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	175.49M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	179.33M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	177.36M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-29.61M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$19.52M	USD	1 Quarter
Depreciation	`Depreciation`	$12.34M	USD	1 Quarter
Depreciation	`Depreciation`	$13.17M	USD	1 Quarter
Amortization of other intangible assets	`AmortizationOfIntangibleAssets`	$6.63M	USD	1 Quarter
Amortization of other intangible assets	`AmortizationOfIntangibleAssets`	$6.91M	USD	1 Quarter
Inventory valuation adjustment	`ValuationAllowancesAndReservesChargedToCostOfGoodsSoldForProduct`	$34.07M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$9.71M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$8.46M	USD	1 Quarter
Gain on disposal of property and plant	`GainLossOnSaleOfPropertyPlantEquipment`	$-4.90M	USD	1 Quarter
Gain on disposal of property and plant	`GainLossOnSaleOfPropertyPlantEquipment`	$-838.00K	USD	1 Quarter
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$24.00K	USD	1 Quarter
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$421.00K	USD	1 Quarter
Gain on cash surrender value of life insurance policies	`LifeInsuranceCorporateOrBankOwnedChangeInValue`	$-440.00K	USD	1 Quarter
Deferred income taxes and other	`DeferredIncomeTaxExpenseBenefit`	$-13.70M	USD	1 Quarter
Deferred income taxes and other	`DeferredIncomeTaxExpenseBenefit`	$-292.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-19.10M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$18.40M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$66.02M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$54.78M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$6.01M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$4.95M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$60.52M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$29.35M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-10.28M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$743.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.74M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.12M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.56M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.92M	USD	1 Quarter
Proceeds from sale of property and plant	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.69M	USD	1 Quarter
Proceeds from sale of property and plant	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.90M	USD	1 Quarter
Purchases of trading investments	`PaymentsToAcquireMarketableSecurities`	$3.54M	USD	1 Quarter
Proceeds from sales of trading investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$3.50M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.70M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.23M	USD	1 Quarter
Proceeds from sale of shares upon exercise of options and purchase rights	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$5.33M	USD	1 Quarter
Proceeds from sale of shares upon exercise of options and purchase rights	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$607.00K	USD	1 Quarter
Tax withholdings related to net share settlements of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$176.00K	USD	1 Quarter
Tax withholdings related to net share settlements of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$223.00K	USD	1 Quarter
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$24.00K	USD	1 Quarter
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$421.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$455.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.53M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-61.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-5.04M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.63M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.56M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$317.31M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$476.37M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$319.94M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$477.93M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$317.31M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$476.37M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$319.94M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$477.93M	USD	Point-in-time

Stockholders Equity 30 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$999.72M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.19B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.21B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.03B	USD	Point-in-time
Treasury shares, held (in shares)	`TreasuryStockShares`	12.43M	shares	Point-in-time
Treasury shares, held (in shares)	`TreasuryStockShares`	12.33M	shares	Point-in-time
Net income (loss)	`NetIncomeLoss`	$-29.61M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$19.52M	USD	1 Quarter
Cumulative translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$-4.35M	USD	1 Quarter
Cumulative translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$1.33M	USD	1 Quarter
Net deferred hedging gain (loss)	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease`	$682.00K	USD	1 Quarter
Net deferred hedging gain (loss)	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease`	$-985.00K	USD	1 Quarter
Pension liability adjustment	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease`	$230.00K	USD	1 Quarter
Pension liability adjustment	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease`	$-1.10M	USD	1 Quarter
Total comprehensive income loss	`ComprehensiveIncomeNetOfTax`	$-28.70M	USD	1 Quarter
Total comprehensive income loss	`ComprehensiveIncomeNetOfTax`	$14.41M	USD	1 Quarter
Tax benefit from exercise of stock options	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$-212.00K	USD	1 Quarter
Tax benefit from exercise of stock options	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$4.00K	USD	1 Quarter
Sale of shares upon exercise of options and purchase rights	`StockIssuedDuringPeriodValueOptionExercisesAndPurchaseRights`	$617.00K	USD	1 Quarter
Sale of shares upon exercise of options and purchase rights	`StockIssuedDuringPeriodValueOptionExercisesAndPurchaseRights`	$5.34M	USD	1 Quarter
Issuance of shares upon vesting of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-176.00K	USD	1 Quarter
Issuance of shares upon vesting of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-223.00K	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.43M	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.59M	USD	1 Quarter
Treasury shares, held (in shares)	`TreasuryStockShares`	12.43M	shares	Point-in-time
Treasury shares, held (in shares)	`TreasuryStockShares`	12.33M	shares	Point-in-time
Balance	`StockholdersEquity`	$999.72M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.19B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.21B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.03B	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.