Logitech International (LOGI) 10-Q 29 Jul 16 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jun. 30, 2016	Jul. 15, 2016
Document and Entity Information
Entity Registrant Name	LOGITECH INTERNATIONAL SA
Entity Central Index Key	1,032,975
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		161,733,462
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
Net sales	$ 479,864	$ 447,686
Cost of goods sold	309,625	289,753
Amortization of intangible assets and purchase accounting effect on inventory	1,613	0
Gross profit	168,626	157,933
Operating expenses:
Marketing and selling	83,872	75,796
Research and development	31,951	28,002
General and administrative	25,740	28,812
Amortization of intangible assets and acquisition-related costs	1,293	168
Restructuring charges (credits), net	(85)	11,538
Total operating expenses	142,771	144,316
Operating income	25,855	13,617
Interest income, net	151	255
Other expense, net	(1,008)	(1,019)
Income before income taxes	24,998	12,853
Provision for (benefit from) income taxes	3,057	(7)
Net income from continuing operations	21,941	12,860
Loss from discontinued operations, net of taxes	0	(5,423)
Net income	$ 21,941	$ 7,437
Net income (loss) per share - basic:
Continuing operations (in dollars per share)	$ 0.14	$ 0.08
Discontinued operations (in dollars per share)	0	(0.03)
Net income per share - basic (in dollars per share)	0.14	0.05
Net income (loss) per share - diluted:
Continuing operations (in dollars per share)	0.13	0.08
Discontinued operations (in dollars per share)	0	(0.04)
Net income per share - diluted (in dollars per share)	$ 0.13	$ 0.04
Weighted average shares used to compute net income (loss) per share:
Basic (in shares)	162,130	164,431
Diluted (in shares)	164,303	166,895

CONDENSED CONSOLIDATED STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 21,941	$ 7,437
Other comprehensive income (loss):
Currency translation gain (loss), net of taxes	(296)	2,618
Defined benefit pension plans:
Net gain (loss) and prior service costs, net of taxes	310	(1,130)
Amortization included in operating expenses	433	416
Hedging gain (loss):
Deferred hedging gain (loss), net of taxes	965	(2,262)
Reclassification of hedging loss (gain) included in cost of goods sold	740	(2,460)
Other comprehensive income (loss):	2,152	(2,818)
Total comprehensive income	$ 24,093	$ 4,619

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2016	Mar. 31, 2016
Current assets:
Cash and cash equivalents	$ 440,111	$ 519,195
Accounts receivable, net	192,242	142,778
Inventories	247,792	228,786
Other current assets	36,533	35,488
Total current assets	916,678	926,247
Non-current assets:
Property, plant and equipment, net	87,044	92,860
Goodwill	244,880	218,224
Other intangible assets	49,262	0
Other assets	87,090	86,816
Total assets	1,384,954	1,324,147
Current liabilities:
Accounts payable	292,664	241,166
Accrued and other current liabilities	167,317	173,764
Total current liabilities	459,981	414,930
Non-current liabilities:
Income taxes payable	59,720	59,734
Other non-current liabilities	106,333	89,535
Total liabilities	626,034	564,199
Commitments and contingencies (Note 12)
Shareholders’ equity:
Registered shares, CHF 0.25 par value: Issued and authorized shares - 173,106 at June 30 and March 31, 2016 Conditionally authorized shares - 50,000 at June 30 and March 31, 2016	30,148	30,148
Additional paid-in capital	0	6,616
Less shares in treasury, at cost — 11,374 at June 30, 2016 and 10,697 at March 31, 2016	(144,663)	(128,407)
Retained earnings	983,268	963,576
Accumulated other comprehensive loss	(109,833)	(111,985)
Total shareholders’ equity	758,920	759,948
Total liabilities and shareholders’ equity	$ 1,384,954	$ 1,324,147

CONDENSED CONSOLIDATED BALANCE5

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - SFr / shares	Jun. 30, 2016	Mar. 31, 2016
Statement of Financial Position [Abstract]
Shares, par value (in CHF per share)	SFr 0.25	SFr 0.25
Shares, issued	173,106,000	173,106,000
Shares, authorized	173,106,000	173,106,000
Shares, conditionally authorized	50,000,000	50,000,000
Treasury, at cost, shares	11,374,000	10,697,000

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities:
Net income	$ 21,941	$ 7,437
Non-cash items included in net income:
Depreciation	13,105	10,516
Amortization of intangible assets	1,708	732
Loss (gain) on equity-method investment	(1)	103
Share-based compensation expense	8,517	6,749
Excess tax benefits from share-based compensation	(3,280)	(665)
Deferred income taxes	(1,048)	(6,732)
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable, net	(48,661)	(41,208)
Inventories	(10,007)	(54,164)
Other assets	(1,171)	(2,383)
Accounts payable	42,769	34,541
Accrued and other liabilities	(10,135)	19,475
Net cash provided by (used in) operating activities	13,737	(25,599)
Cash flows from investing activities:
Purchases of property, plant and equipment	(7,420)	(15,290)
Investment in privately held companies	(320)	(240)
Acquisition, net of cash acquired	(53,987)	0
Purchase of other intangible asset	(715)	0
Release of restricted cash	715	0
Purchase of trading investments	(4,229)	(903)
Proceeds from sales of trading investments	4,231	840
Net cash used in investing activities	(61,725)	(15,593)
Cash flows from financing activities:
Purchases of treasury shares	(24,422)	(8,814)
Proceeds from sales of shares upon exercise of options and purchase rights	599	4,066
Tax withholdings related to net share settlements of restricted stock units	(9,185)	(1,296)
Excess tax benefits from share-based compensation	3,280	665
Net cash used in financing activities	(29,728)	(5,379)
Effect of exchange rate changes on cash and cash equivalents	(1,368)	1,761
Net decrease in cash and cash equivalents	(79,084)	(44,810)
Cash and cash equivalents, beginning of the period	519,195	537,038
Cash and cash equivalents, end of the period	440,111	492,228
Non-cash investing activities:
Property, plant and equipment purchased during the period and included in period end liability accounts	3,502	10,358
The following amounts reflected in the statements of cash flows are included in discontinued operations:
Depreciation	0	705
Amortization of other intangible assets	0	564
Share-based compensation expense	0	226
Purchases of property, plant and equipment	0	385
Cash and cash equivalents, beginning of the period	0	3,659
Cash and cash equivalents, end of the period	$ 0	$ 1,911

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Registered Shares	Additional Paid-in Capital	Treasury Shares	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Balance (in shares) at Mar. 31, 2015		173,106		8,625
Balance at Mar. 31, 2015	$ 758,134	$ 30,148	$ 0	$ (88,951)	$ 930,174	$ (113,237)
Increase (Decrease) in Shareholders' Equity
Total comprehensive income	4,619				7,437	(2,818)
Tax effects from share-based awards	2,948		2,948
Sales of shares upon exercise of options	4,066		(1,651)	$ 5,717
Sales of shares upon exercise of options and purchase rights (in shares)				(369)
Issuance of shares upon vesting of restricted stock units	(1,296)		(3,754)	$ 2,458	0
Issuance of shares upon vesting of restricted stock units (in shares)				(157)
Share-based compensation expense	6,761		6,761
Purchase of treasury shares (in shares)				577
Purchase of treasury shares	(8,814)			$ (8,814)
Balance at Jun. 30, 2015	766,418	$ 30,148	4,304	$ (89,590)	937,611	(116,055)
Balance (in shares) at Jun. 30, 2015		173,106		8,676
Balance (in shares) at Mar. 31, 2016		173,106		10,697
Balance at Mar. 31, 2016	759,948	$ 30,148	6,616	$ (128,407)	963,576	(111,985)
Increase (Decrease) in Shareholders' Equity
Total comprehensive income	24,093				21,941	2,152
Tax effects from share-based awards	(704)		(704)
Sales of shares upon exercise of options	599		206	$ 393
Sales of shares upon exercise of options and purchase rights (in shares)				(52)
Issuance of shares upon vesting of restricted stock units	(9,185)		(14,709)	$ 7,773	(2,249)
Issuance of shares upon vesting of restricted stock units (in shares)				(861)
Share-based compensation expense	8,591		8,591
Purchase of treasury shares (in shares)				1,590
Purchase of treasury shares	(24,422)			$ (24,422)
Balance at Jun. 30, 2016	$ 758,920	$ 30,148	$ 0	$ (144,663)	$ 983,268	$ (109,833)
Balance (in shares) at Jun. 30, 2016		173,106		11,374

The Company and Summary of Sign

The Company and Summary of Significant Accounting Policies and Estimates	3 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
The Company and Summary of Significant Accounting Policies and Estimates	The Company and Summary of Significant Accounting Policies and Estimates The Company Logitech International S.A, together with its consolidated subsidiaries, ("Logitech" or the "Company") designs, manufactures and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms. The Company sells its products to a broad network of domestic and international customers, including direct sales to retailers and indirect sales through distributors. Logitech was founded in Switzerland in 1981 and Logitech International S.A. has been the parent holding company of Logitech since 1988. Logitech International S.A. is a Swiss holding company with its registered office in Apples, Switzerland, which conducts its business through subsidiaries in Americas, Europe, Middle East, Africa ("EMEA") and Asia Pacific. Shares of Logitech International S.A. are listed on both the SIX Swiss Exchange under the trading symbol LOGN and the Nasdaq Global Select Market under the trading symbol LOGI. Basis of Presentation The condensed consolidated interim financial statements include the accounts of Logitech and its subsidiaries. All intercompany balances and transactions have been eliminated. The condensed consolidated financial statements are presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and therefore do not include all the information required by GAAP for complete financial statements. They should be read in conjunction with the Company’s audited consolidated financial statements for the fiscal year ended March 31, 2016, included in its Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on May 23, 2016. In the opinion of management, these condensed consolidated financial statements include all adjustments, consisting of only normal and recurring adjustments, necessary and in all material aspects, for a fair statement of the results of operations, comprehensive income, financial position, cash flows and changes in shareholders' equity for the periods presented. Operating results for the three months ended June 30 , 2016 are not necessarily indicative of the results that may be expected for the fiscal year ending March 31, 2017, or any future periods. Reclassification Certain amounts from the comparative period in the accompanying unaudited condensed consolidated financial statements have been reclassified to conform to the condensed consolidated financial statement presentation as of and for the three months ended June 30, 2016. Changes in Significant Accounting Policies There have been no substantial changes in the Company’s significant accounting policies during the three months ended June 30, 2016 compared with the significant accounting policies described in its Annual Report on Form 10-K for the fiscal year ended March 31, 2016. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make judgments, estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements. Management bases its estimates on historical experience and various other assumptions believed to be reasonable. Examples of significant estimates and assumptions made by management involve the fair value of goodwill, intangible assets acquired from business acquisitions, warranty liabilities, accruals for discretionary customer programs, sales return reserves, allowance for doubtful accounts, inventory valuation, restructuring charges, contingent consideration from business acquisitions, share-based compensation expense, uncertain tax positions, and valuation allowances for deferred tax assets. Although these estimates are based on management’s best knowledge of current events and actions that may impact the Company in the future, actual results could differ materially from those estimates. Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-9, "Revenue from Contracts with Customers (Topic 606)," ("ASU 2014-9"). ASU 2014-9 outlines a new, single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. Under the new model, recognition of revenue occurs when a customer obtains control of promised goods or services in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In addition, the new standard requires that reporting companies disclose the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. ASU 2014-09 was originally to be effective for the Company on April 1, 2017. In July 2015, the FASB affirmed a one-year deferral of the effective date of the new revenue standard. The new standard will become effective for the Company on April 1, 2018. Early application is permitted but not before the original effective date of annual periods beginning after December 15, 2016. The new standard is required to be applied retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying it recognized at the date of initial application. The Company has not yet selected a transition method nor has it determined whether it will early adopt this guidance or the impact of the new standard on its condensed consolidated financial statements. In July 2015, the FASB issued ASU No. 2015-11, "Simplifying the Measurement of Inventory (Topic 330)", ("ASU 2015-11"). Topic 330, Inventory, currently requires an entity to measure inventory at the lower of cost or market, with market value represented by replacement cost, net realizable value or net realizable value less a normal profit margin. The amendments in ASU 2015-11 require an entity to measure inventory at the lower of cost or net realizable value. ASU 2015-11 is effective in the first quarter of fiscal year 2018 for the Company, with early adoption permitted. The Company does not expect to early adopt this guidance and does not expect the adoption of this guidance to have a material impact on its condensed consolidated financial statements. In January 2016, FASB issued ASU 2016-01 “ Financial Instruments- Recognition and Measurement of Financial Assets and Financial Liabilities (Subtopic 825-10) ”. The guidance is effective in the first quarter of fiscal year 2018 for the Company, with early adoption permitted. The Company does not expect to early adopt this guidance and does not believe that the adoption of this guidance will have a material impact on its condensed consolidated financial statements. In February 2016, the FASB issued ASU 2016-02 " Leases (Topic 842) ", which requires the recognition of lease assets and lease liabilities arising from operating leases in the statement of financial position. This guidance is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is evaluating the full effect that ASU 2016-02 will have on its condensed consolidated financial statements and will adopt the standard effective April 1, 2019. In March 2016, the FASB issued ASU 2016-09 "Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting". The amendment simplifies several aspects of the accounting for share-based payments, including immediate recognition of all excess tax benefits and deficiencies in the income statement, changing the threshold to qualify for equity classification up to the employees' maximum statutory tax rates, allowing an entity-wide accounting policy election to either estimate the number of awards that are expected to vest or account for forfeitures as they occur, and clarifying the classification on the statement of cash flows for the excess tax benefit and employee taxes paid when an employer withholds shares for tax-withholding purposes. ASU 2016-09 is effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted in any interim or annual period. The Company is evaluating the effect that ASU 2016-09 will have on its condensed consolidated financial statements and the timing of the adoption of this standard.

Discontinued operations

Discontinued operations	3 Months Ended
	Jun. 30, 2016
Discontinued Operations and Disposal Groups [Abstract]
Discontinued operations	Discontinued operations During the third quarter of fiscal year 2016, the Company's Board of Directors approved a plan to divest the Lifesize video conferencing business. Subsequently, on December 28, 2015 in the fourth quarter of fiscal year 2016, the Company and Lifesize, Inc.(“Lifesize”), a wholly owned subsidiary of the Company which held the assets of the Company’s video conferencing reportable segment, entered into a stock purchase agreement (the “Stock Purchase Agreement”) with entities affiliated with three venture capital firms - Redpoint Ventures, Sutter Hill Ventures and Meritech Capital Partners (the "Venture Investors"). Pursuant to the terms of the Stock Purchase Agreement, the Company sold 2.5 million shares of Series B Preferred Stock of Lifesize to the Venture Investors for cash proceeds of $2.5 million and retained 12 million non-voting shares of Series A Preferred Stock of Lifesize. The shares of Series A Preferred Stock of Lifesize retained by the Company represent 37.5% of the total shares outstanding immediately after the closing of the transactions (the "Closing"). Lifesize also issued 17.5 million shares of Series B Preferred Stock to the Venture Investors for cash proceeds of $17.5 million . The shares of Series B Preferred Stock held by the Venture Investors represent 62.5% of the total shares outstanding immediately after the Closing. In addition, Lifesize reserved 8 million shares of common stock for issuance pursuant to a stock plan to be adopted by Lifesize following the Closing (the “Employee Pool”), none of which are issued or outstanding at the Closing. The divestiture of the Lifesize video conferencing business was effective on December 28, 2015. The Stock Purchase Agreement contains representations, warranties and covenants of the parties and includes certain indemnification obligations of the Company to the Venture Investors. See “Note 12 - Commitments and Contingencies” for more information. The Stock Purchase Agreement also contains certain post-closing working capital adjustments. Post closing continuing involvement with the discontinued operations includes certain customary services and support which are expected to be provided to Lifesize during the transition period from December 28, 2015 until approximately the end of the third quarter of fiscal year 2017. The Company has classified the results of its Lifesize video conferencing business as discontinued operations in its condensed consolidated statements of operations for all periods presented since the disposition of the Lifesize video conferencing business represents a strategic shift that has a major effect on the Company's operations and financial results. The retained Series A Preferred Stock gives the Company no voting rights or any other significant influence over the disposed Lifesize video conferencing business, and therefore is accounted for as a cost method investment which is initially recognized at fair value of $5.6 million at the date of disposition of the Lifesize video conferencing business. Discontinued operations include results of the Lifesize video conferencing business. Discontinued operations also include other costs incurred by Logitech to effect the divestiture of the Lifesize video conferencing business. These costs include transaction charges, advisory and consulting fees and restructuring cost related to the Lifesize video conferencing business. The following table presents financial results of the video conferencing segment classified as discontinued operations for the three months ended June 30, 2015 (in thousands): Three Months Ended 2015 Net sales $ 22,634 Cost of goods sold 8,838 Gross profit 13,796 Operating expenses: Marketing and selling 11,631 Research and development 5,663 General and administrative 1,692 Restructuring charges, net 1,457 Total operating expenses 20,443 Operating loss from discontinued operations (6,647 ) Interest expense and other expense, net (93 ) Loss from discontinued operations before income taxes (6,740 ) Benefit from income taxes (1,317 ) Net loss from discontinued operations $ (5,423 )

Business Acquisition

Business Acquisition	3 Months Ended
	Jun. 30, 2016
Business Combinations [Abstract]
Business Acquisition	Business Acquisition On April 20, 2016 ("Acquisition Date"), the Company acquired all of the equity interest of JayBird, LLC (“Jaybird”), a Utah limited liability company that develops Bluetooth earbuds, activity trackers, and accessories for sports and active lifestyles, for a purchase price of $54.2 million , including a working capital adjustment and payment of line-of-credit on behalf of Jaybird, with an additional earn-out of up to $45.0 million based on the achievement of certain net revenue growth targets over approximately a two year period (the "Jaybird Acquisition"). If the net revenue growth targets are met, the Company will pay $25.0 million and $20.0 million in fiscal year 2018 and 2019, respectively. The acquisition is expected to accelerate Logitech’s entry into the wireless wearables space. The Jaybird business meets the definition of a business and is accounted for using the acquisition method. The fair value of consideration transferred for the Jaybird Acquisition consisted of the following (in thousands): Purchase price $ 54,242 Fair value of contingent consideration (earn-out) 18,000 Fair value of total consideration transferred $ 72,242 The fair value of the earn-out payments at the acquisition date was determined by providing risk adjusted earnings projections using a Monte Carlo Simulation, using inputs not observable in the market and therefore represents a Level 3 measurement. The fair value of this earn-out is discussed further in Note 8 - "Fair Value Measurements" to the condensed consolidated financial statements. The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date (in thousands): Estimated Fair Value Cash and cash equivalents $ 255 Accounts receivable 272 Inventories 10,214 Other current assets 611 Property, plant, and equipment 1,165 Intangible assets 50,280 Other assets 27 Total identifiable assets acquired 62,824 Accounts payable (10,513 ) Accrued liabilities (1,227 ) Other current liabilities (5,226 ) Other long-term liabilities (283 ) Net identifiable assets acquired $ 45,575 Goodwill 26,667 Net assets acquired $ 72,242 The fair value of identifiable intangible assets acquired was based on estimates and assumptions made by the management at the time of acquisition. As additional information becomes available, such as finalization of the estimated fair value of the assets acquired and liabilities assumed and the fair value of contingent consideration, the Company may further revise its preliminary purchase price allocation during the remainder of the measurement period (which will not exceed 12 months from the Acquisition Date). Any such revisions or changes may be material as we finalize the fair values of the tangible and intangible assets acquired and liabilities assumed. Goodwill is primarily attributable to the assembled workforce, and anticipated synergies expected to arise after the acquisition. Goodwill is expected to be deductible for tax purpose. Inventory is estimated at net realizable value, which uses the estimated selling prices, less the cost of disposal and a reasonable profit allowance for the selling efforts. Upon sales of the inventory, the difference between the fair value of the inventories and the amount recognized by the acquiree immediately before the acquisition date, which is $0.7 million , is recognized in "Amortization of intangibles assets and purchase accounting effect on inventories" in the condensed consolidated statements of operations. The Company included Jaybird's estimated fair value of assets acquired and liabilities assumed in its condensed consolidated balance sheets beginning April 20, 2016. Pro forma results of operations for the Jaybird Acquisition have not been presented because they are not material to the condensed consolidated statements of operations. The results of operations for Jaybird has been included in the Company's condensed consolidated statements of operations from the acquisition date. Jaybird contributed $14.3 million net sales and $1.8 million operating loss, which includes $1.7 million amortization of intangible assets resulting from the acquisition and $0.7 million of purchase accounting effect on inventory. The Company incurred acquisition-related costs of approximately $0.5 million during the three months ended June 30, 2016. The acquisition-related costs are included in "Amortization of intangible assets and acquisition related costs" in the operating expense of the condensed consolidated statements of operations. The following table sets forth the components of identifiable intangible assets acquired at their preliminary estimated fair values and their estimated useful lives as of the date of acquisition (in thousands, except useful life): Preliminary Fair Value Estimated Useful Life (years) Developed technology $ 18,450 4 In-process research & development ("IPR&D") 2,550 Not Applicable Customer relationships 19,900 8 Trade name 9,380 6 Total intangible assets acquired $ 50,280 Except for IPR&D, intangible assets acquired as a result of the Jaybird acquisition are being amortized over their estimated useful lives using the straight-line method of amortization. Amortization of developed technology of $0.9 million during the three months ended June 30, 2016 is included in "Amortization of intangible assets and purchase accounting effect of inventory" in the gross profit of the condensed consolidated statements of operations. Amortization of the intangible asset of customer relationship and trade name of $0.8 million during the three months ended June 30, 2016 is included in "Amortization of intangible assets and acquisition related costs" in the operating expense of the condensed consolidated statements of operations. Developed technology relates to existing bluetooth wireless sports earbuds. The economic useful life was determined based on the technology cycle related to developed technology of existing products, as well as the cash flows over the forecast period. Customer relationships represent the fair value of future projected revenue that will be derived from sales of products to existing customers of Jaybird. The economic useful life was determined based on historical customer turnover rates and the industry benchmarks. Trade name relates to the “Jaybird” trade name. The economic useful life was determined based on the expected life of the trade name and the cash flows anticipated over the forecasted periods. The value of developed technology and trade names were estimated using the relief-from-royalty method, an income approach (Level 3), which estimates the cost savings that accrue to the owner of the intangibles asset that would otherwise be payable as royalties or license fees on revenues earned through the use of the asset. A royalty rate is applied to the projected revenues associated with the intangible asset to determine the amount of savings, which is then discounted to determine the fair value. The developed technology and trade names were valued using royalty rates of 10% and 2.5% , respectively, and both discounted at a rate of 16% . The value of customer relationships was estimated using the excess earnings method, an income approach (Level 3), which converts projected revenues and costs into cash flows. To reflect the fact that certain other assets contribute to the cash flows generated, the returns for these contributory assets were removed to arrive at estimated cash flows solely attributable to the customer relationships, which was discounted at a rate of 16% . The IPR&D is accounted for as an indefinite-lived intangible asset and is not amortized until completion or abandonment of the associated research and development efforts. If the research and development efforts are completed, the IPR&D intangible asset will be amortized over the estimated useful lives to be determined as of the date the efforts are completed. IPR&D is tested for impairment annually or periodically if an indicator of impairment exists during the period until completion. The expected release date of the IPR&D is during fiscal year 2017 to fiscal year 2018. The Company believes the amounts of purchased intangible assets recorded above represent the fair values of, and approximate the amounts a market participant would pay for, these intangible assets as of the Acquisition Date.

Net Income per Share

Net Income per Share	3 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Net Income per Share	Net Income per Share The computations of basic and diluted net income per share for the Company were as follows (in thousands, except per share amounts): Three Months Ended 2016 2015 Net Income (loss): Continuing operations $ 21,941 $ 12,860 Discontinued operations — (5,423 ) Net income $ 21,941 $ 7,437 Shares used in net income (loss) per share computation: Weighted average shares outstanding - basic 162,130 164,431 Effect of potentially dilutive equivalent shares 2,173 2,464 Weighted average shares outstanding - diluted 164,303 166,895 Net income (loss) per share - basic: Continuing operations $ 0.14 $ 0.08 Discontinued operations — (0.03 ) Net income per share - basic $ 0.14 $ 0.05 Net income (loss) per share - diluted: Continuing operations $ 0.13 $ 0.08 Discontinued operations — (0.04 ) Net income per share - diluted $ 0.13 $ 0.04 Share equivalents attributable to outstanding stock options and restricted stock units ("RSUs") of 5.7 million and 7.3 million for the three months ended June 30 , 2016 and 2015 , respectively, were anti-dilutive and excluded from the calculation of diluted net income per share.

Employee Benefit Plans

Employee Benefit Plans	3 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Employee Benefit Plans	Employee Benefit Plans Employee Share Purchase Plans and Stock Incentive Plans As of June 30 , 2016 , the Company offers the 2006 ESPP (2006 Employee Share Purchase Plan (Non-U.S.)), the 1996 ESPP (1996 Employee Share Purchase Plan (U.S.)), the 2006 Plan (2006 Stock Incentive Plan) and the 2012 Plan (2012 Stock Inducement Equity Plan). The following table summarizes the share-based compensation expense and related tax benefit recognized for the three months ended June 30 , 2016 and 2015 , excluding balances classified as discontinued operations (in thousands): Three Months Ended 2016 2015 Cost of goods sold $ 675 $ 605 Marketing and selling 3,437 2,064 Research and development 914 673 General and administrative 3,491 3,174 Restructuring — 7 Total share-based compensation expense 8,517 6,523 Income tax benefit (1,815 ) (1,337 ) Total share-based compensation expense, net of income tax $ 6,702 $ 5,186 As of June 30 , 2016 and 2015 , the Company capitalized $0.5 million and $0.5 million of stock-based compensation expenses as inventory, respectively. Defined Benefit Plans Certain of the Company’s subsidiaries sponsor defined benefit pension plans or non-retirement post-employment benefits covering substantially all of their employees. Benefits are provided based on employees’ years of service and earnings, or in accordance with applicable employee benefit regulations. The Company’s practice is to fund amounts sufficient to meet the requirements set forth in the applicable employee benefit and tax regulations. The cost recorded of $2.8 million and $2.9 million for the three months ended June 30 , 2016 and 2015 , respectively, was primarily related to service costs.

Income Taxes

Income Taxes	3 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company is incorporated in Switzerland but operates in various countries with differing tax laws and rates. Further, a portion of the Company’s income before taxes and the provision for (benefit from) income taxes are generated outside of Switzerland. The income tax provision for the three months ended June 30 , 2016 was $3.1 million based on an effective income tax rate of 12.2% of pre-tax income, compared to a nominal tax income benefit for the three months ended June 30 , 2015 . The change in the effective income tax rate for the three months ended June 30 , 2016 , compared to the three months ended June 30 , 2015 , is due to the mix of income and losses in the various tax jurisdictions in which the Company operates. In the three months ended June 30 , 2015 , there was a discrete tax benefit of $2.2 million from the preferential income tax rate reduction pursuant to the High and New Technology Enterprise Program in China. As of June 30 and March 31, 2016 , the total amount of unrecognized tax benefits due to uncertain tax positions was $70.3 million and $69.9 million , respectively, all of which would affect the effective income tax rate if recognized. The Company had $59.7 million in non-current income taxes payable and $0.1 million in current income taxes payable, including interest and penalties, related to our income tax liability for uncertain tax positions as of June 30 and March 31, 2016 . The Company recognizes interest and penalties related to unrecognized tax positions in income tax expense. As of June 30 and March 31, 2016 , the Company had $3.8 million and $3.6 million of accrued interest and penalties related to uncertain tax positions, respectively. Although the Company has adequately provided for uncertain tax positions, the provisions on these positions may change as revised estimates are made or the underlying matters are settled or otherwise resolved. During fiscal year 2017, the Company will continue to review its tax positions and provide for or reverse unrecognized tax benefits as issues arise. During the next 12 months, it is reasonably possible that the amount of unrecognized tax benefits could increase or decrease significantly due to changes in tax law in various jurisdictions, new tax audits and changes in the U.S. dollar as compared to other currencies. Excluding these factors, uncertain tax positions may decrease by as much as $15.5 million from the lapse of the statutes of limitations in various jurisdictions during the next 12 months.

Balance Sheet Components

Balance Sheet Components	3 Months Ended
	Jun. 30, 2016
Balance Sheet Related Disclosures [Abstract]
Balance Sheet Components	Balance Sheet Components The following table presents the components of certain balance sheet asset amounts as of June 30 and March 31, 2016 (in thousands): June 30, March 31, Accounts receivable, net: Accounts receivable $ 372,634 $ 332,553 Allowance for doubtful accounts (677 ) (667 ) Allowance for sales returns (19,856 ) (18,526 ) Allowance for cooperative marketing arrangements (26,951 ) (28,157 ) Allowance for customer incentive programs* (52,576 ) (60,872 ) Allowance for pricing programs (80,332 ) (81,553 ) $ 192,242 $ 142,778 Inventories: Raw materials $ 39,881 $ 48,489 Finished goods 207,911 180,297 $ 247,792 $ 228,786 Other current assets: Income tax and value-added tax receivables $ 21,368 $ 22,572 Prepaid expenses and other assets 15,165 12,916 $ 36,533 $ 35,488 Property, plant and equipment, net: Property, plant and equipment at cost $ 374,056 371,212 Less: accumulated depreciation and amortization (287,012 ) (278,352 ) $ 87,044 $ 92,860 Other assets: Deferred tax assets $ 56,245 $ 56,208 Trading investments for deferred compensation plan 14,997 14,836 Investments held in privately held companies 9,567 9,247 Other assets 6,281 6,525 $ 87,090 $ 86,816 *The decrease in the allowances for customer incentive programs as of June 30 , 2016 compared with March 31, 2016 was due to claim processing. The following table presents the components of certain balance sheet liability amounts as of June 30 and March 31, 2016 (in thousands): June 30, March 31, Accrued and other current liabilities: Accrued personnel expenses $ 46,068 $ 46,025 Indirect customer incentive programs 28,937 28,721 Warranty accrual 13,628 11,880 Employee benefit plan obligation 1,461 1,285 Income taxes payable 1,493 1,553 Other current liabilities 75,730 84,300 $ 167,317 $ 173,764 Non-current liabilities: Warranty accrual $ 8,124 $ 8,500 Obligation for deferred compensation plan 14,997 14,836 Employee benefit plan obligation 53,218 53,909 Deferred tax liability 1,665 1,665 Contingent consideration for business acquisition 18,000 — Other non-current liabilities 10,329 10,625 $ 106,333 $ 89,535

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Jun. 30, 2016
Financial Instruments, Owned, at Fair Value [Abstract]
Fair Value Measurements	Fair Value Measurements Fair Value Measurements The Company considers fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. The Company utilizes the following three-level fair value hierarchy to establish the priorities of the inputs used to measure fair value: • Level 1 — Quoted prices in active markets for identical assets or liabilities. • Level 2 — Observable inputs other than quoted market prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. • Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. The following table presents the Company’s financial assets and liabilities, that were accounted for at fair value on a recurring basis, excluding assets related to the Company’s defined benefit pension plans, classified by the level within the fair value hierarchy (in thousands): June 30, 2016 March 31, 2016 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Assets: Cash equivalents $ 60,000 $ — $ — $ 10,000 $ — $ — Trading investments for deferred compensation plan: Money market funds $ 35 $ — $ — $ 3,467 $ — $ — Mutual funds 14,962 — — 11,369 — — Total of trading investments for deferred compensation plan $ 14,997 $ — $ — $ 14,836 $ — $ — Foreign exchange derivative assets $ — $ 186 $ — $ — $ 10 $ — Liabilities: Acquisition-related contingent consideration $ — $ — $ 18,000 $ — $ — $ — Foreign exchange derivative liabilities $ — $ 231 $ — $ — $ 1,132 $ — Investment Securities The marketable securities for the Company's deferred compensation plan are recorded at a fair value of $15.0 million and $14.8 million as of June 30 , 2016 and March 31, 2016 , respectively, based on quoted market prices. Quoted market prices are observable inputs that are classified as Level 1 within the fair value hierarchy. Unrealized trading gains / (losses) related to trading securities for the three months ended June 30 , 2016 and 2015 were not significant and are included in other expense, net . Acquisition-related contingent consideration The acquisition-related contingent consideration liability arising from the Jaybird Acquisition (see "Note 3 - Business Acquisition") represents the future potential earn-out payments of up to $45 million based on the achievement of certain net revenue growth targets over approximately a two year period. If the net revenue growth targets are met, the Company will pay $25 million and $20 million in fiscal year 2018 and 2019, respectively. The fair value of the earn-out was determined by using a Monte Carlo Simulation that includes significant unobservable inputs such a risk adjusted discount rate of 16% and projected revenues of Jaybird over the earn-out period. The fair-value of the earn-out at the acquisition date of $18 million was recorded by the Company as of the Acquisition Date. The fair value of the contingent consideration is calculated on a quarterly basis. There was no change in the fair-value during the quarterly period ended June 30 , 2016 . Assets Measured at Fair Value on a Nonrecurring Basis The Company’s non-marketable cost method investments, and non-financial assets, such as goodwill, intangible assets and property, plant and equipment, are recorded at fair value only upon initial recognition or if an impairment is recognized. There were no impairments of long-lived assets during the three months ended June 30, 2016 or 2015. Non-marketable cost method investments. These investments are classified as Level 3 due to the absence of quoted market prices, the inherent lack of liquidity, and the fact that inputs used to measure fair value are unobservable and require management's judgment. When certain events or circumstances indicate that impairment may exist, the Company revalues the investments using various assumptions, including the financial metrics and ratios of comparable public companies. Included in non-marketable investments primarily is the Company’s investment in Series A Preferred Stock of Lifesize recorded at the fair value of $5.6 million on the date of the Lifesize divestiture. The aggregate recorded amount of cost method investments included in other assets at June 30, 2016 and March 31, 2016 was $7.4 million and $7.4 million , respectively.

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
	Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments Under certain agreements with the respective counterparties to the Company’s derivative contracts, subject to applicable requirements, the Company is allowed to net settle transactions of the same type with a single net amount payable by one party to the other. However, the Company presents its derivative assets and derivative liabilities on a gross basis on the condensed consolidated balance sheets as of June 30 , 2016 and March 31, 2016 . The fair values of the Company’s derivative instruments not designated as hedging instruments were not material as of June 30 , 2016 or March 31, 2016 . The following table presents the fair values of the Company’s derivative instruments designated as hedging instruments on a gross basis in other current assets or accrued and other current liabilities on its condensed consolidated balance sheets as of June 30 , 2016 and March 31, 2016 (in thousands): Derivatives Asset Liability June 30, March 31, June 30, March 31, Cash flow hedges $ 186 $ 10 $ — $ 1,038 The amount of gain (loss) recognized on derivatives not designated as hedging instruments were not material in all periods presented herein. The following table presents the amounts of gains (losses) on the Company’s derivative instruments designated as hedging instruments and their locations on its condensed consolidated statements of operations and condensed consolidated statements of comprehensive income for the three months ended June 30 , 2016 and 2015 (in thousands): Three Months Ended Amount of Gain (Loss) Amount of Loss (Gain) 2016 2015 2016 2015 Cash flow hedges $ 1,705 $ (4,722 ) $ 740 $ (2,460 ) Cash Flow Hedges The Company enters into currency exchange forward contracts to hedge against exposure to changes in currency exchange rates related to its subsidiaries’ forecasted inventory purchases. The Company has one entity with a euro functional currency that purchases inventory in U.S. Dollars. The primary risk managed by using derivative instruments is the currency exchange rate risk. However, there can be no assurance the hedges will offset more than a portion of the financial impact resulting from movements in currency exchange rates. The Company has designated these derivatives as cash flow hedges. These hedging contracts mature within four months, and are denominated in the same currency as the underlying transactions. Gains and losses in the fair value of the effective portion of the hedges are deferred as a component of accumulated other comprehensive loss until the hedged inventory purchases are sold, at which time the gains or losses are reclassified to cost of goods sold. The Company assesses the effectiveness of the hedges by comparing changes in the spot rate of the currency underlying the forward contract with changes in the spot rate of the currency in which the forecasted transaction will be consummated. If the underlying transaction being hedged fails to occur or if a portion of the hedge does not generate offsetting changes in the currency exposure of forecasted inventory purchases, the Company immediately recognizes the gain or loss on the associated financial instrument in other expense, net . Such gains and losses were not material during the three months ended June 30 , 2016 and 2015 . Cash flows from such hedges are classified as operating activities in the condensed consolidated statements of cash flows. The notional amounts of currency exchange forward contracts outstanding related to forecasted inventory purchases were $64.6 million and $39.8 million at June 30 , 2016 and March 31, 2016 , respectively. The Company estimates that $0.1 million of net gains related to its cash flow hedges included in accumulated other comprehensive loss as of June 30, 2016 will be reclassified into earnings within the next 12 months. Other Derivatives The Company also enters into currency exchange forward and swap contracts to reduce the short-term effects of currency exchange rate fluctuations on certain foreign currency receivables or payables. These contracts generally mature within one month. The primary risk managed by using forward and swap contracts is the currency exchange rate risk. The gains or losses on currency exchange contracts are recognized in other expense, net based on the changes in fair value. The notional amounts of currency exchange forward and swap contracts outstanding as of June 30 and March 31, 2016 relating to foreign currency receivables or payables were $50.6 million and $63.7 million , respectively. Open forward and swap contracts outstanding at June 30 , 2016 and March 31, 2016 consisted of contracts in Mexican Pesos, Japanese Yen, British Pounds, Taiwanese Dollars and Australian Dollars to be settled at future dates at pre-determined exchange rates. The fair value of all currency exchange forward and swap contracts is determined based on observable market transactions of spot currency rates and forward rates. Cash flows from these contracts are classified as operating activities in the condensed consolidated statements of cash flows.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets The Company conducts its impairment analysis of the goodwill annually at December 31 and as necessary if changes in facts and circumstances indicate that it is more likely than not that the fair value of the Company’s reporting units may be less than its carrying amount. There have been no events or circumstances during the three months ended June 30, 2016 that have required the Company to perform an interim assessment of goodwill. The following table summarizes the activity in the Company’s goodwill balance during the three months ended June 30, 2016 (in thousands): As of March 31, 2016 $ 218,224 Business acquisition (See Note 3) 26,667 Currency impact (11 ) As of June 30, 2016 $ 244,880 Other Intangible Assets Amortization expense for other intangible assets was $1.7 million and $0.2 million for the three months ended June 30 , 2016 and 2015 , respectively.

Financing Arrangements

Financing Arrangements	3 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Financing Arrangements	Financing Arrangements The Company had several uncommitted, unsecured bank lines of credit aggregating $44.6 million as of June 30 , 2016 . There are no financial covenants under these lines of credit with which the Company must comply. As of June 30 , 2016 , the Company had outstanding bank guarantees of $15.6 million under these lines of credit. There was no borrowing outstanding under these lines of credit as of June 30, 2016 or March 31, 2016 .

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Product Warranties All of the Company’s peripherals products sold are covered by warranty to be free from defects in material and workmanship. For products launched prior to April 1, 2014, the standard warranty period was up to five years. Starting from April 1, 2014, the standard warranty for all new products launched was changed to two years from date of purchase for European Countries and generally one year from date of purchase for all other countries. At the time of sale, the Company accrues a warranty liability for estimated costs to provide products, parts or services to repair or replace products in satisfaction of the warranty obligation. The Company’s estimate of costs to fulfill its warranty obligations is based on historical experience and expectations of future conditions. When the Company experiences changes in warranty claim activity or costs associated with fulfilling those claims, the warranty liability is adjusted accordingly. Changes in the Company’s warranty liability for the three months ended June 30 , 2016 and 2015 were as follows (in thousands): Three Months Ended 2016 2015 Beginning of the period $ 20,380 $ 21,710 Assumed from business acquisition 1,813 — Provision 3,177 1,913 Settlements (3,428 ) (2,568 ) Currency impact (190 ) 229 End of the period $ 21,752 $ 21,284 Other Contingencies In April 2016, the Company entered into a settlement with the Securities and Exchange Commission (“SEC”) related to the accounting for Revue inventory valuation reserves that resulted in the restatement described in the Fiscal Year 2014 Annual Report on Form 10-K, revision to its consolidated financial statements concerning warranty accruals and amortization of intangible assets presented in its Amended Annual Report on Form 10-K/A, filed on August 7, 2013, and its transactions with a distributor for Fiscal Year 2007 through Fiscal Year 2009. The Company entered into the settlement without admitting or denying the findings of the SEC’s investigation and paid a civil penalty of $7.5 million . This amount was paid in April 2016. Guarantees Logitech Europe S.A. guaranteed payments of certain third-party contract manufacturers’ purchase obligations. As of June 30 , 2016 , the maximum amount of this guarantee was $3.8 million , of which $1.3 million of guaranteed purchase obligations were outstanding. Indemnifications The Company indemnifies certain of its suppliers and customers for losses arising from matters such as intellectual property disputes and product safety defects, subject to certain restrictions. The scope of these indemnities varies, but in some instances, includes indemnification for damages and expenses, including reasonable attorneys’ fees. As of June 30 , 2016 , no amounts have been accrued for these indemnification provisions. The Company does not believe, based on historical experience and information currently available, that it is probable that any material amounts will be required to be paid under its indemnification arrangements. The Company also indemnifies its current and former directors and certain of its current and former officers. Certain costs incurred for providing such indemnification may be recoverable under various insurance policies. The Company is unable to reasonably estimate the maximum amount that could be payable under these arrangements because these exposures are not limited, the obligations are conditional in nature and the facts and circumstances involved in any situation that might arise are variable. The Stock Purchase Agreement in connection with the investment by three venture capital firms in Lifesize, Inc. contains representations, warranties and covenants of Logitech and Lifesize, Inc. to the Investors. Logitech has agreed, subject to certain limitations, to indemnify the Investors and certain persons related to the Investors for certain losses resulting from breaches of or inaccuracies in such representations, warranties and covenants as well as certain other obligations, including third-party expenses, restructuring costs and pre-closing tax obligations of Lifesize. Legal Proceedings From time to time the Company is involved in claims and legal proceedings that arise in the ordinary course of its business. The Company is currently subject to several such claims and a small number of legal proceedings. The Company believes that these matters lack merit and intends to vigorously defend against them. Based on currently available information, the Company does not believe that resolution of pending matters will have a material adverse effect on its financial condition, cash flows or results of operations. However, litigation is subject to inherent uncertainties, and there can be no assurances that the Company’s defenses will be successful or that any such lawsuit or claim would not have a material adverse impact on the Company’s business, financial condition, cash flows or results of operations in a particular period. Any claims or proceedings against the Company, whether meritorious or not, can have an adverse impact because of defense costs, diversion of management and operational resources, negative publicity and other factors. Any failure to obtain necessary license or other rights, or litigation arising out of intellectual property claims, could adversely affect the Company’s business.

Shareholders' Equity

Shareholders' Equity	3 Months Ended
	Jun. 30, 2016
Stockholders' Equity Note [Abstract]
Shareholders' Equity	Shareholders’ Equity Share Repurchase Program In March 2014, the Company’s Board of Directors approved the 2014 share buyback program, which authorizes the Company to use up to $250.0 million to purchase its own shares. The Company’s share buyback program is expected to remain in effect for a period of three years . Shares may be repurchased from time to time on the open market, through block trades or trading plan or otherwise. Purchases may be started or stopped at any time without prior notice depending on market conditions and other factors. During the three months ended June 30 , 2016 and 2015 , 1.6 million and 0.6 million shares were repurchased for $24.4 million and $8.8 million , respectively. Accumulated Other Comprehensive Loss On total company basis, the components of accumulated other comprehensive income (loss) was as follows (in thousands): Accumulated Other Comprehensive Income (Loss) Cumulative Defined Deferred Total March 31, 2016 $ (84,038 ) $ (26,171 ) $ (1,776 ) $ (111,985 ) Other comprehensive income (loss) (296 ) 743 1,705 2,152 June 30, 2016 $ (84,334 ) $ (25,428 ) $ (71 ) $ (109,833 ) (1) Tax effect was not significant as of June 30 or March 31, 2016.

Segment Information

Segment Information	3 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Segment Information	Segment Information The Company has determined that it operates in a single operating segment that encompasses the design, manufacturing and marketing of peripherals for PCs, tablets and other digital platforms. Operating performance measures are provided directly to the Company's Chief Executive Officer (“CEO”), who is considered to be the Company’s Chief Operating Decision Maker (“CODM”). The CEO periodically reviews information such as net sales and operating income (loss) to make business decisions. These operating performance measures do not include restructuring charges, net, share-based compensation expense and amortization of intangible assets, and the charges (credits) from purchase accounting effect. Net sales by product categories and sales channels, excluding intercompany transactions, for the three months ended June 30 , 2016 and 2015 were as follows (in thousands): Three Months Ended 2016 2015 Mobile Speakers $ 57,296 $ 40,544 Audio-PC & Wearables 56,579 45,699 Gaming 56,500 43,670 Video Collaboration 23,910 21,176 Home Control 11,167 10,254 Pointing Devices 116,783 116,985 Keyboards & Combos 118,019 105,829 Tablet & Other Accessories 13,885 18,809 PC Webcams 25,262 21,681 Other (1) 463 741 Total net retail sales 479,864 425,388 OEM — 22,298 Total net sales $ 479,864 $ 447,686 (1) Other category includes products that the Company currently intends to transition out of, or has already transitioned out of, because they are no longer strategic to the Company's business. Net sales to unaffiliated customers by geographic region (based on the customers’ location) for the three months ended June 30 , 2016 and 2015 were as follows (in thousands): Three Months Ended 2016 2015 Americas $ 222,625 $ 215,675 EMEA 142,922 119,612 Asia Pacific 114,317 112,399 Total net sales $ 479,864 $ 447,686 Sales are attributed to countries on the basis of the customers’ locations. The United States represented 41% and 42% of the Company’s total consolidated net sales from continuing operations for the three months ended June 30 , 2016 and 2015 , respectively. No other single country represented more than 10% of the Company's total consolidated net sales during those periods. One customer group of the Company represented 13% and 14% of total consolidated net sales from continuing operations for the three months ended June 30 , 2016 and 2015 , respectively. Another customer group of the Company represented 12% of sales for the three months ended June 30 , 2016 . Revenues from sales to customers in Switzerland, the Company’s home domicile, represented 2% of the Company’s total consolidated net sales from continuing operations for all the periods presented herein. Long-lived assets by geographic region were as follows (in thousands): June 30, March 31, Americas $ 40,883 $ 40,221 EMEA 3,017 3,194 Asia Pacific 43,144 49,445 $ 87,044 $ 92,860 Long-lived assets in the United States and China were $38.1 million and $38.1 million as of June 30 , 2016 , respectively, and $40.0 million and $44.5 million at March 31, 2016 , respectively. No other countries represented more than 10% of the Company’s total consolidated long-lived assets as of June 30 or March 31, 2016 . Long-lived assets in Switzerland, the Company’s home domicile, were $1.5 million and $1.7 million at June 30 and March 31, 2016 , respectively.

Restructuring

Restructuring	3 Months Ended
	Jun. 30, 2016
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring During the first quarter of fiscal year 2016, the Company implemented a restructuring plan to exit the OEM business, reorganize Lifesize to sharpen its focus on its cloud-based offering, and streamline the Company's overall cost structure through product, overhead and infrastructure cost reductions with a targeted resource realignment. Restructuring charges (credits) incurred during the three months ended June 30 , 2016 under this plan primarily consisted of severance and other ongoing and one-time termination benefits. Charges and other costs related to the workforce reduction and structure realignment are presented as restructuring charges in the condensed consolidated statements of operations. On a total company basis, including the Lifesize video conferencing business as reported in discontinued operations, the Company has incurred approximately $25.4 million under this restructuring plan, including approximately $24.3 million for cash severance and other personnel costs. The Company substantially completed this restructuring plan by the fourth quarter of fiscal year 2016. The following tables summarize restructuring related activities during the three months ended June 30 , 2016 : Restructuring Termination Lease Exit Total Accrual balance at March 31, 2016 $ 6,275 $ 125 $ 6,400 Credits, net (85 ) — (85 ) Cash payments (1,908 ) (125 ) (2,033 ) Accrual balance at June 30, 2016 $ 4,282 $ — $ 4,282

The Company and Summary of Si23

The Company and Summary of Significant Accounting Policies and Estimates (Policies)	3 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The condensed consolidated interim financial statements include the accounts of Logitech and its subsidiaries. All intercompany balances and transactions have been eliminated. The condensed consolidated financial statements are presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and therefore do not include all the information required by GAAP for complete financial statements. They should be read in conjunction with the Company’s audited consolidated financial statements for the fiscal year ended March 31, 2016, included in its Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on May 23, 2016. In the opinion of management, these condensed consolidated financial statements include all adjustments, consisting of only normal and recurring adjustments, necessary and in all material aspects, for a fair statement of the results of operations, comprehensive income, financial position, cash flows and changes in shareholders' equity for the periods presented. Operating results for the three months ended June 30 , 2016 are not necessarily indicative of the results that may be expected for the fiscal year ending March 31, 2017, or any future periods.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make judgments, estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements. Management bases its estimates on historical experience and various other assumptions believed to be reasonable. Examples of significant estimates and assumptions made by management involve the fair value of goodwill, intangible assets acquired from business acquisitions, warranty liabilities, accruals for discretionary customer programs, sales return reserves, allowance for doubtful accounts, inventory valuation, restructuring charges, contingent consideration from business acquisitions, share-based compensation expense, uncertain tax positions, and valuation allowances for deferred tax assets. Although these estimates are based on management’s best knowledge of current events and actions that may impact the Company in the future, actual results could differ materially from those estimates.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-9, "Revenue from Contracts with Customers (Topic 606)," ("ASU 2014-9"). ASU 2014-9 outlines a new, single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. Under the new model, recognition of revenue occurs when a customer obtains control of promised goods or services in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In addition, the new standard requires that reporting companies disclose the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. ASU 2014-09 was originally to be effective for the Company on April 1, 2017. In July 2015, the FASB affirmed a one-year deferral of the effective date of the new revenue standard. The new standard will become effective for the Company on April 1, 2018. Early application is permitted but not before the original effective date of annual periods beginning after December 15, 2016. The new standard is required to be applied retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying it recognized at the date of initial application. The Company has not yet selected a transition method nor has it determined whether it will early adopt this guidance or the impact of the new standard on its condensed consolidated financial statements. In July 2015, the FASB issued ASU No. 2015-11, "Simplifying the Measurement of Inventory (Topic 330)", ("ASU 2015-11"). Topic 330, Inventory, currently requires an entity to measure inventory at the lower of cost or market, with market value represented by replacement cost, net realizable value or net realizable value less a normal profit margin. The amendments in ASU 2015-11 require an entity to measure inventory at the lower of cost or net realizable value. ASU 2015-11 is effective in the first quarter of fiscal year 2018 for the Company, with early adoption permitted. The Company does not expect to early adopt this guidance and does not expect the adoption of this guidance to have a material impact on its condensed consolidated financial statements. In January 2016, FASB issued ASU 2016-01 “ Financial Instruments- Recognition and Measurement of Financial Assets and Financial Liabilities (Subtopic 825-10) ”. The guidance is effective in the first quarter of fiscal year 2018 for the Company, with early adoption permitted. The Company does not expect to early adopt this guidance and does not believe that the adoption of this guidance will have a material impact on its condensed consolidated financial statements. In February 2016, the FASB issued ASU 2016-02 " Leases (Topic 842) ", which requires the recognition of lease assets and lease liabilities arising from operating leases in the statement of financial position. This guidance is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is evaluating the full effect that ASU 2016-02 will have on its condensed consolidated financial statements and will adopt the standard effective April 1, 2019. In March 2016, the FASB issued ASU 2016-09 "Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting". The amendment simplifies several aspects of the accounting for share-based payments, including immediate recognition of all excess tax benefits and deficiencies in the income statement, changing the threshold to qualify for equity classification up to the employees' maximum statutory tax rates, allowing an entity-wide accounting policy election to either estimate the number of awards that are expected to vest or account for forfeitures as they occur, and clarifying the classification on the statement of cash flows for the excess tax benefit and employee taxes paid when an employer withholds shares for tax-withholding purposes. ASU 2016-09 is effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted in any interim or annual period. The Company is evaluating the effect that ASU 2016-09 will have on its condensed consolidated financial statements and the timing of the adoption of this standard.

Discontinued operations (Tables

Discontinued operations (Tables)	3 Months Ended
	Jun. 30, 2016
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Discontinued Operations	The following table presents financial results of the video conferencing segment classified as discontinued operations for the three months ended June 30, 2015 (in thousands): Three Months Ended 2015 Net sales $ 22,634 Cost of goods sold 8,838 Gross profit 13,796 Operating expenses: Marketing and selling 11,631 Research and development 5,663 General and administrative 1,692 Restructuring charges, net 1,457 Total operating expenses 20,443 Operating loss from discontinued operations (6,647 ) Interest expense and other expense, net (93 ) Loss from discontinued operations before income taxes (6,740 ) Benefit from income taxes (1,317 ) Net loss from discontinued operations $ (5,423 )

Business Acquisition (Tables)

Business Acquisition (Tables)	3 Months Ended
	Jun. 30, 2016
Business Combinations [Abstract]
Schedule of Aggregate Consideration in Business Combinations	The Jaybird business meets the definition of a business and is accounted for using the acquisition method. The fair value of consideration transferred for the Jaybird Acquisition consisted of the following (in thousands): Purchase price $ 54,242 Fair value of contingent consideration (earn-out) 18,000 Fair value of total consideration transferred $ 72,242
Schedule of Allocation of Purchase Consideration	The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date (in thousands): Estimated Fair Value Cash and cash equivalents $ 255 Accounts receivable 272 Inventories 10,214 Other current assets 611 Property, plant, and equipment 1,165 Intangible assets 50,280 Other assets 27 Total identifiable assets acquired 62,824 Accounts payable (10,513 ) Accrued liabilities (1,227 ) Other current liabilities (5,226 ) Other long-term liabilities (283 ) Net identifiable assets acquired $ 45,575 Goodwill 26,667 Net assets acquired $ 72,242
Schedule of Intangible Assets Acquired	The following table sets forth the components of identifiable intangible assets acquired at their preliminary estimated fair values and their estimated useful lives as of the date of acquisition (in thousands, except useful life): Preliminary Fair Value Estimated Useful Life (years) Developed technology $ 18,450 4 In-process research & development ("IPR&D") 2,550 Not Applicable Customer relationships 19,900 8 Trade name 9,380 6 Total intangible assets acquired $ 50,280

Net Income per Share (Tables)

Net Income per Share (Tables)	3 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Schedule of computations of basic and diluted net income per share	The computations of basic and diluted net income per share for the Company were as follows (in thousands, except per share amounts): Three Months Ended 2016 2015 Net Income (loss): Continuing operations $ 21,941 $ 12,860 Discontinued operations — (5,423 ) Net income $ 21,941 $ 7,437 Shares used in net income (loss) per share computation: Weighted average shares outstanding - basic 162,130 164,431 Effect of potentially dilutive equivalent shares 2,173 2,464 Weighted average shares outstanding - diluted 164,303 166,895 Net income (loss) per share - basic: Continuing operations $ 0.14 $ 0.08 Discontinued operations — (0.03 ) Net income per share - basic $ 0.14 $ 0.05 Net income (loss) per share - diluted: Continuing operations $ 0.13 $ 0.08 Discontinued operations — (0.04 ) Net income per share - diluted $ 0.13 $ 0.04

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	3 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of share-based compensation expense and related tax benefit recognized	The following table summarizes the share-based compensation expense and related tax benefit recognized for the three months ended June 30 , 2016 and 2015 , excluding balances classified as discontinued operations (in thousands): Three Months Ended 2016 2015 Cost of goods sold $ 675 $ 605 Marketing and selling 3,437 2,064 Research and development 914 673 General and administrative 3,491 3,174 Restructuring — 7 Total share-based compensation expense 8,517 6,523 Income tax benefit (1,815 ) (1,337 ) Total share-based compensation expense, net of income tax $ 6,702 $ 5,186

Balance Sheet Components (Table

Balance Sheet Components (Tables)	3 Months Ended
	Jun. 30, 2016
Balance Sheet Related Disclosures [Abstract]
Schedule of components of balance sheet asset	The following table presents the components of certain balance sheet asset amounts as of June 30 and March 31, 2016 (in thousands): June 30, March 31, Accounts receivable, net: Accounts receivable $ 372,634 $ 332,553 Allowance for doubtful accounts (677 ) (667 ) Allowance for sales returns (19,856 ) (18,526 ) Allowance for cooperative marketing arrangements (26,951 ) (28,157 ) Allowance for customer incentive programs* (52,576 ) (60,872 ) Allowance for pricing programs (80,332 ) (81,553 ) $ 192,242 $ 142,778 Inventories: Raw materials $ 39,881 $ 48,489 Finished goods 207,911 180,297 $ 247,792 $ 228,786 Other current assets: Income tax and value-added tax receivables $ 21,368 $ 22,572 Prepaid expenses and other assets 15,165 12,916 $ 36,533 $ 35,488 Property, plant and equipment, net: Property, plant and equipment at cost $ 374,056 371,212 Less: accumulated depreciation and amortization (287,012 ) (278,352 ) $ 87,044 $ 92,860 Other assets: Deferred tax assets $ 56,245 $ 56,208 Trading investments for deferred compensation plan 14,997 14,836 Investments held in privately held companies 9,567 9,247 Other assets 6,281 6,525 $ 87,090 $ 86,816 *The decrease in the allowances for customer incentive programs as of June 30 , 2016 compared with March 31, 2016 was due to claim processing.
Schedule of components of balance sheet liability	The following table presents the components of certain balance sheet liability amounts as of June 30 and March 31, 2016 (in thousands): June 30, March 31, Accrued and other current liabilities: Accrued personnel expenses $ 46,068 $ 46,025 Indirect customer incentive programs 28,937 28,721 Warranty accrual 13,628 11,880 Employee benefit plan obligation 1,461 1,285 Income taxes payable 1,493 1,553 Other current liabilities 75,730 84,300 $ 167,317 $ 173,764 Non-current liabilities: Warranty accrual $ 8,124 $ 8,500 Obligation for deferred compensation plan 14,997 14,836 Employee benefit plan obligation 53,218 53,909 Deferred tax liability 1,665 1,665 Contingent consideration for business acquisition 18,000 — Other non-current liabilities 10,329 10,625 $ 106,333 $ 89,535

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Jun. 30, 2016
Financial Instruments, Owned, at Fair Value [Abstract]
Schedule of financial assets and liabilities accounted for at fair value and classified by level within the fair value hierarchy	The following table presents the Company’s financial assets and liabilities, that were accounted for at fair value on a recurring basis, excluding assets related to the Company’s defined benefit pension plans, classified by the level within the fair value hierarchy (in thousands): June 30, 2016 March 31, 2016 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Assets: Cash equivalents $ 60,000 $ — $ — $ 10,000 $ — $ — Trading investments for deferred compensation plan: Money market funds $ 35 $ — $ — $ 3,467 $ — $ — Mutual funds 14,962 — — 11,369 — — Total of trading investments for deferred compensation plan $ 14,997 $ — $ — $ 14,836 $ — $ — Foreign exchange derivative assets $ — $ 186 $ — $ — $ 10 $ — Liabilities: Acquisition-related contingent consideration $ — $ — $ 18,000 $ — $ — $ — Foreign exchange derivative liabilities $ — $ 231 $ — $ — $ 1,132 $ —

Derivative Financial Instrume30

Derivative Financial Instruments (Tables)	3 Months Ended
	Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Fair Values of Derivative Instruments Designated as Hedging	The following table presents the fair values of the Company’s derivative instruments designated as hedging instruments on a gross basis in other current assets or accrued and other current liabilities on its condensed consolidated balance sheets as of June 30 , 2016 and March 31, 2016 (in thousands): Derivatives Asset Liability June 30, March 31, June 30, March 31, Cash flow hedges $ 186 $ 10 $ — $ 1,038
Schedule of Cash Flow Hedges Included in AOCI	The following table presents the amounts of gains (losses) on the Company’s derivative instruments designated as hedging instruments and their locations on its condensed consolidated statements of operations and condensed consolidated statements of comprehensive income for the three months ended June 30 , 2016 and 2015 (in thousands): Three Months Ended Amount of Gain (Loss) Amount of Loss (Gain) 2016 2015 2016 2015 Cash flow hedges $ 1,705 $ (4,722 ) $ 740 $ (2,460 )

Goodwill and Other Intangible31

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of activity in the goodwill account	The following table summarizes the activity in the Company’s goodwill balance during the three months ended June 30, 2016 (in thousands): As of March 31, 2016 $ 218,224 Business acquisition (See Note 3) 26,667 Currency impact (11 ) As of June 30, 2016 $ 244,880

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Schedule of warranty liability	Changes in the Company’s warranty liability for the three months ended June 30 , 2016 and 2015 were as follows (in thousands): Three Months Ended 2016 2015 Beginning of the period $ 20,380 $ 21,710 Assumed from business acquisition 1,813 — Provision 3,177 1,913 Settlements (3,428 ) (2,568 ) Currency impact (190 ) 229 End of the period $ 21,752 $ 21,284

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	3 Months Ended
	Jun. 30, 2016
Stockholders' Equity Note [Abstract]
Schedule of components of accumulated other comprehensive income (loss)	On total company basis, the components of accumulated other comprehensive income (loss) was as follows (in thousands): Accumulated Other Comprehensive Income (Loss) Cumulative Defined Deferred Total March 31, 2016 $ (84,038 ) $ (26,171 ) $ (1,776 ) $ (111,985 ) Other comprehensive income (loss) (296 ) 743 1,705 2,152 June 30, 2016 $ (84,334 ) $ (25,428 ) $ (71 ) $ (109,833 ) (1) Tax effect was not significant as of June 30 or March 31, 2016.

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Schedule of net sales by product categories, excluding intercompany transactions	Net sales by product categories and sales channels, excluding intercompany transactions, for the three months ended June 30 , 2016 and 2015 were as follows (in thousands): Three Months Ended 2016 2015 Mobile Speakers $ 57,296 $ 40,544 Audio-PC & Wearables 56,579 45,699 Gaming 56,500 43,670 Video Collaboration 23,910 21,176 Home Control 11,167 10,254 Pointing Devices 116,783 116,985 Keyboards & Combos 118,019 105,829 Tablet & Other Accessories 13,885 18,809 PC Webcams 25,262 21,681 Other (1) 463 741 Total net retail sales 479,864 425,388 OEM — 22,298 Total net sales $ 479,864 $ 447,686 (1) Other category includes products that the Company currently intends to transition out of, or has already transitioned out of, because they are no longer strategic to the Company's business.
Schedule of net sales to unaffiliated customers by geographic region	Net sales to unaffiliated customers by geographic region (based on the customers’ location) for the three months ended June 30 , 2016 and 2015 were as follows (in thousands): Three Months Ended 2016 2015 Americas $ 222,625 $ 215,675 EMEA 142,922 119,612 Asia Pacific 114,317 112,399 Total net sales $ 479,864 $ 447,686
Schedule of long-lived assets by geographic region	Long-lived assets by geographic region were as follows (in thousands): June 30, March 31, Americas $ 40,883 $ 40,221 EMEA 3,017 3,194 Asia Pacific 43,144 49,445 $ 87,044 $ 92,860

Restructuring (Tables)

Restructuring (Tables)	3 Months Ended
	Jun. 30, 2016
Restructuring and Related Activities [Abstract]
Summary of restructuring related activities	The following tables summarize restructuring related activities during the three months ended June 30 , 2016 : Restructuring Termination Lease Exit Total Accrual balance at March 31, 2016 $ 6,275 $ 125 $ 6,400 Credits, net (85 ) — (85 ) Cash payments (1,908 ) (125 ) (2,033 ) Accrual balance at June 30, 2016 $ 4,282 $ — $ 4,282

Discontinued operations - Narr

Discontinued operations - Narrative (Details) $ in Millions	Dec. 28, 2015USD ($)firmshares
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of venture firms invested in Lifesize | firm	3
Lifesize
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Ownership after transaction	37.50%
Lifesize | Series B Preferred Stock
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of shares sold in transaction | shares	2,500,000
Proceeds from sale of shares | $	$ 2.5
Lifesize | Series A Preferred Stock
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of shares retained | shares	12,000,000
Lifesize | Series B Preferred Stock
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of shares sold in transaction | shares	17,500,000
Proceeds from sale of shares | $	$ 17.5
Percentage of ownership from investor	62.50%
Lifesize | Common Stock
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | shares	8,000,000
Lifesize | Preferred Stock
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Fair value of cost method investment | $	$ 5.6
Level 3 | Lifesize | Preferred Stock
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Fair value of cost method investment | $	$ 5.6

Discontinued operations - Vide

Discontinued operations - Video Conferencing Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss from discontinued operations, net of taxes	$ 0	$ (5,423)
Lifesize | Discontinued Operations, Disposed of by Sale | Video conferencing
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales		22,634
Cost of goods sold		8,838
Gross profit		13,796
Marketing and selling		11,631
Research and development		5,663
General and administrative		1,692
Restructuring charges, net		1,457
Total operating expenses		20,443
Operating loss from discontinued operations		(6,647)
Interest expense and other expense, net		(93)
Loss from discontinued operations before income taxes		(6,740)
Benefit from income taxes		(1,317)
Loss from discontinued operations, net of taxes		$ (5,423)

Business Acquisition - Narrativ

Business Acquisition - Narrative (Details) - USD ($) $ in Thousands	Apr. 20, 2016	Jun. 30, 2016	Jun. 30, 2016	Jun. 30, 2015	Mar. 31, 2019	Mar. 31, 2018
Business Acquisition [Line Items]
Net sales			$ 479,864	$ 447,686
Loss before income taxes			(24,998)	(12,853)
Amortization of intangible assets			1,708	$ 732
Jaybird LLC of Salt Lake City
Business Acquisition [Line Items]
Purchase price	$ 54,242
Purchase accounting effect on inventories		$ 700
Net sales		14,300
Loss before income taxes		1,800
Amortization of intangible assets		$ 1,700
Acquisition-related costs			500
Revenue Growth | Jaybird LLC of Salt Lake City
Business Acquisition [Line Items]
Maximum earn-out	$ 45,000
Developed technology | Jaybird LLC of Salt Lake City
Business Acquisition [Line Items]
Amortization of intangible assets			900
Customer Relationships and Trade Names | Jaybird LLC of Salt Lake City
Business Acquisition [Line Items]
Amortization of intangible assets			$ 800
Scenario, Forecast | Revenue Growth | Jaybird LLC of Salt Lake City
Business Acquisition [Line Items]
Earn-out payments					$ 20,000	$ 25,000
Level 3 | Revenue Growth | Jaybird LLC of Salt Lake City
Business Acquisition [Line Items]
Discount rate for value measurement			16.00%
Level 3 | Developed technology | Jaybird LLC of Salt Lake City
Business Acquisition [Line Items]
Royalty rate for value measurement	10.00%
Discount rate for value measurement	16.00%
Level 3 | Trade name | Jaybird LLC of Salt Lake City
Business Acquisition [Line Items]
Royalty rate for value measurement	2.50%
Discount rate for value measurement	16.00%
Level 3 | Customer relationships | Jaybird LLC of Salt Lake City
Business Acquisition [Line Items]
Discount rate for value measurement	16.00%

Business Acquisition - Schedule

Business Acquisition - Schedule of Consideration in Business Combinations (Details) - Jaybird LLC of Salt Lake City $ in Thousands	Apr. 20, 2016USD ($)
Business Acquisition [Line Items]
Purchase price	$ 54,242
Acquisition-related contingent consideration	18,000
Fair value of total consideration transferred	$ 72,242

Business Acquisition - Recogniz

Business Acquisition - Recognized Identifiable Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Apr. 20, 2016	Mar. 31, 2016
Business Acquisition [Line Items]
Goodwill	$ 244,880		$ 218,224
Jaybird LLC of Salt Lake City
Business Acquisition [Line Items]
Cash and cash equivalents		$ 255
Accounts receivable		272
Inventories		10,214
Other current assets		611
Property, plant, and equipment		1,165
Intangible assets		50,280
Other assets		27
Total identifiable assets acquired		62,824
Accounts payable		(10,513)
Accrued liabilities		(1,227)
Other current liabilities		(5,226)
Other long-term liabilities		(283)
Net identifiable assets acquired		45,575
Goodwill		26,667
Net assets acquired		$ 72,242

Business Acquisition - Schedu41

Business Acquisition - Schedule of Intangible Assets Acquired (Details) - Jaybird LLC of Salt Lake City $ in Thousands	Apr. 20, 2016USD ($)
Business Acquisition [Line Items]
Total intangible assets acquired	$ 50,280
Developed technology
Business Acquisition [Line Items]
Fair value of finite-lived intangible assets	$ 18,450
Estimated Useful Life (years)	4 years
Customer relationships
Business Acquisition [Line Items]
Fair value of finite-lived intangible assets	$ 19,900
Estimated Useful Life (years)	8 years
Trade name
Business Acquisition [Line Items]
Fair value of finite-lived intangible assets	$ 9,380
Estimated Useful Life (years)	6 years
In-process research & development (IPR&D)
Business Acquisition [Line Items]
Fair value of Indefinite-lived intangible assets	$ 2,550

Net Income per Share - Computa

Net Income per Share - Computation of Basic and Diluted Net Income per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Earnings Per Share [Abstract]
Continuing operations	$ 21,941	$ 12,860
Discontinued operations	0	(5,423)
Net income	$ 21,941	$ 7,437
Shares used in net income (loss) per share computation:
Weighted average shares outstanding - basic	162,130	164,431
Effect of potentially dilutive equivalent shares	2,173	2,464
Weighted average shares outstanding - diluted	164,303	166,895
Net income (loss) per share - basic:
Continuing operations (in dollars per share)	$ 0.14	$ 0.08
Discontinued operations (in dollars per share)	0	(0.03)
Net income per share - basic (in dollars per share)	0.14	0.05
Net income (loss) per share - diluted:
Continuing operations (in dollars per share)	0.13	0.08
Discontinued operations (in dollars per share)	0	(0.04)
Net income per share - diluted (in dollars per share)	$ 0.13	$ 0.04
Anti-dilutive equivalents shares excluded	5,700	7,300

Employee Benefit Plans - Share

Employee Benefit Plans - Share-based Compensation Expenses and Related Tax Benefits (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Share-based compensation expense and related tax benefit
Share-based compensation	$ 8,517	$ 6,523
Income tax benefit	(1,815)	(1,337)
Total share-based compensation expense, net of income tax	6,702	5,186
Cost of goods sold
Share-based compensation expense and related tax benefit
Share-based compensation	675	605
Marketing and selling
Share-based compensation expense and related tax benefit
Share-based compensation	3,437	2,064
Research and development
Share-based compensation expense and related tax benefit
Share-based compensation	914	673
General and administrative
Share-based compensation expense and related tax benefit
Share-based compensation	3,491	3,174
Restructuring
Share-based compensation expense and related tax benefit
Share-based compensation	$ 0	$ 7

Employee Benefit Plans - Narra

Employee Benefit Plans - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Share-based Compensation
Share-based compensation expenses capitalized as inventory	$ 0.5	$ 0.5
Defined benefit plans
Net periodic benefit cost	$ 2.8	$ 2.9

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Mar. 31, 2016
Income Tax Disclosure [Line Items]
Provision for (benefit from) income taxes	$ 3,057	$ (7)
Effective income tax rates	12.20%
Unrecognized tax benefits	$ 70,300		$ 69,900
Accrued interest and penalties related to uncertain tax positions	3,800		3,600
Expected decrease in uncertain tax positions	15,500
China
Income Tax Disclosure [Line Items]
Discrete tax benefit due to preferential income tax rate reduction		$ 2,200
Non-current income tax payable
Income Tax Disclosure [Line Items]
Unrecognized tax benefits	59,700		59,700
Current income tax payable
Income Tax Disclosure [Line Items]
Unrecognized tax benefits	$ 100		$ 100

Balance Sheet Components - Com

Balance Sheet Components - Components of Certain Balance Sheet Asset Amounts (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Mar. 31, 2016
Accounts receivable, net:
Accounts receivable	$ 372,634	$ 332,553
Accounts receivable, net	192,242	142,778
Inventories:
Raw materials	39,881	48,489
Finished goods	207,911	180,297
Inventory, net	247,792	228,786
Other current assets:
Income tax and value-added tax receivables	21,368	22,572
Prepaid expenses and other assets	15,165	12,916
Other current assets, total	36,533	35,488
Property, plant and equipment, net:
Property, plant and equipment, gross	374,056	371,212
Equipment	(287,012)	(278,352)
Property, plant and equipment, net	87,044	92,860
Other assets:
Deferred tax assets	56,245	56,208
Trading investments for deferred compensation plan	14,997	14,836
Investments held in privately held companies	9,567	9,247
Other assets	6,281	6,525
Other assets, total	87,090	86,816
Allowance for doubtful accounts
Accounts receivable, net:
Allowance for doubtful accounts	(677)	(667)
Allowance for sales returns
Accounts receivable, net:
Allowance for doubtful accounts	(19,856)	(18,526)
Allowance for cooperative marketing arrangements
Accounts receivable, net:
Allowance for doubtful accounts	(26,951)	(28,157)
Allowance for customer incentive programs
Accounts receivable, net:
Allowance for doubtful accounts	(52,576)	(60,872)
Allowance for pricing programs
Accounts receivable, net:
Allowance for doubtful accounts	$ (80,332)	$ (81,553)

Balance Sheet Components - C47

Balance Sheet Components - Components of Certain Balance Sheet Liability Amounts (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Mar. 31, 2016
Accrued and other current liabilities:
Accrued personnel expenses	$ 46,068	$ 46,025
Indirect customer incentive programs	28,937	28,721
Warranty accrual	13,628	11,880
Employee benefit plan obligation	1,461	1,285
Income taxes payable	1,493	1,553
Other current liabilities	75,730	84,300
Accrued and other current liabilities	167,317	173,764
Non-current liabilities:
Warranty accrual	8,124	8,500
Obligation for deferred compensation plan	14,997	14,836
Employee benefit plan obligation	53,218	53,909
Deferred tax liability	1,665	1,665
Contingent consideration for business acquisition	18,000	0
Other non-current liabilities	10,329	10,625
Non-current liabilities	$ 106,333	$ 89,535

Fair Value Measurements - Fina

Fair Value Measurements - Financial Assets and Liabilities, Classified by Level (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Mar. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading investments for deferred compensation plan	$ 14,997	$ 14,836
Fair Value, Measurements, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	60,000	10,000
Trading investments for deferred compensation plan	14,997	14,836
Acquisition-related contingent consideration	0	0
Fair Value, Measurements, Recurring | Level 1 | Foreign exchange contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign exchange derivative liabilities	0	0
Foreign exchange derivative liabilities	0	0
Fair Value, Measurements, Recurring | Level 1 | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading investments for deferred compensation plan	35	3,467
Fair Value, Measurements, Recurring | Level 1 | Mutual funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading investments for deferred compensation plan	14,962	11,369
Fair Value, Measurements, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Trading investments for deferred compensation plan	0	0
Acquisition-related contingent consideration	0	0
Fair Value, Measurements, Recurring | Level 3 | Foreign exchange contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign exchange derivative liabilities	186	10
Foreign exchange derivative liabilities	231	1,132
Fair Value, Measurements, Recurring | Level 3 | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading investments for deferred compensation plan	0	0
Fair Value, Measurements, Recurring | Level 3 | Mutual funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading investments for deferred compensation plan	0	0
Fair Value, Measurements, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Trading investments for deferred compensation plan	0	0
Acquisition-related contingent consideration		0
Fair Value, Measurements, Recurring | Level 3 | Foreign exchange contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign exchange derivative liabilities	0	0
Foreign exchange derivative liabilities	0	0
Fair Value, Measurements, Recurring | Level 3 | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading investments for deferred compensation plan	0	0
Fair Value, Measurements, Recurring | Level 3 | Mutual funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading investments for deferred compensation plan	$ 0	$ 0

Fair Value Measurements - Narr

Fair Value Measurements - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2016	Apr. 20, 2016	Mar. 31, 2016	Dec. 28, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading investments for deferred compensation plan	$ 14,997		$ 14,836
Cost method investments at cost	$ 7,400		7,400
Lifesize | Preferred Stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of cost method investment				$ 5,600
Level 3 | Lifesize | Preferred Stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of cost method investment				$ 5,600
Jaybird LLC of Salt Lake City
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Acquisition-related contingent consideration		$ 18,000
Jaybird LLC of Salt Lake City | Revenue Growth
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Maximum earn-out		$ 45,000
Jaybird LLC of Salt Lake City | Revenue Growth | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rate for value measurement	16.00%
Fair Value, Measurements, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading investments for deferred compensation plan	$ 14,997		14,836
Acquisition-related contingent consideration	0		0
Fair Value, Measurements, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading investments for deferred compensation plan	0		0
Acquisition-related contingent consideration			$ 0
Fair Value, Measurements, Recurring | Jaybird LLC of Salt Lake City | Revenue Growth | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Acquisition-related contingent consideration	$ 18,000

Derivative Financial Instrume50

Derivative Financial Instruments - Narrative (Details) - Foreign Exchange Forward - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2016	Mar. 31, 2016
Derivative [Line Items]
Notional amount of derivatives	$ 50.6	$ 63.7
Designated as hedging instruments | Cash Flow Hedges
Derivative [Line Items]
Notional amount of derivatives	64.6	$ 39.8
Cash flow hedge gain to be reclassified within twelve months	$ 0.1

Derivative Financial Instrume51

Derivative Financial Instruments - Fair Values of Company Derivative Instruments (Details) - Designated as hedging instruments - Cash Flow Hedges - USD ($) $ in Thousands	Jun. 30, 2016	Mar. 31, 2016
Other Current Assets
Derivative Financial Instruments
Asset	$ 186	$ 10
Accrued and Other Current Liabilities
Derivative Financial Instruments
Liability	$ 0	$ 1,038

Derivative Financial Instrume52

Derivative Financial Instruments - Gains and Losses on Derivative Instruments (Details) - Designated as hedging instruments - Cash Flow Hedges - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Amounts of gains and losses on the derivative instruments
Amount of Gain (Loss) Deferred as a Component of Accumulated Other Comprehensive Loss After Reclassification to Costs of Goods Sold	$ 1,705	$ (4,722)
Cost of goods sold
Amounts of gains and losses on the derivative instruments
Amount of Loss (Gain) Reclassified from Accumulated Other Comprehensive Loss to Costs of Goods Sold	$ 740	$ (2,460)

Goodwill and Other Intangible53

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Goodwill [Line Items]
Amortization of intangible assets	$ 1,708	$ 732
Continuing Operations
Goodwill [Line Items]
Amortization of intangible assets	$ 1,700	$ 200

Goodwill and Other Intangible54

Goodwill and Other Intangible Assets - Summary of Activity In Goodwill Balance (Details) $ in Thousands	3 Months Ended
	Jun. 30, 2016USD ($)
Goodwill
Balance at the beginning of the period	$ 218,224
Business acquisition (See Note 3)	26,667
Currency impact	(11)
Balance at the end of the period	$ 244,880

Financing Arrangements (Details

Financing Arrangements (Details) - USD ($)	Jun. 30, 2016	Mar. 31, 2016
Financing Arrangements
Outstanding borrowings	$ 0	$ 0
Unsecured bank lines of credit
Financing Arrangements
Maximum borrowing capacity	44,600,000
Outstanding bank guarantees	$ 15,600,000

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details)	1 Months Ended	3 Months Ended	12 Months Ended
	Apr. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2014	Dec. 28, 2015firm
Other Commitments [Line Items]
Warranty period			5 years
Civil penalty payment to settle an investigation	$ 7,500,000
Number of venture firms invested in Lifesize | firm				3
Parent guarantee for purchase obligation of third party contract manufacturer
Other Commitments [Line Items]
Maximum amount of the guarantees		$ 3,800,000
Guarantees outstanding		1,300,000
Indemnification agreement
Other Commitments [Line Items]
Amount accrued for indemnification provisions		$ 0
European Countries
Other Commitments [Line Items]
Warranty period		2 years
All Other Countries
Other Commitments [Line Items]
Warranty period		1 year

Commitments and Contingencies57

Commitments and Contingencies - Changes in Warranty Liability (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Changes in the warranty liability:
Beginning of the period	$ 20,380	$ 21,710
Assumed from business acquisition	1,813	0
Provision	3,177	1,913
Settlements	(3,428)	(2,568)
Currency impact	(190)	229
End of the period	$ 21,752	$ 21,284

Shareholders' Equity - Narrati

Shareholders' Equity - Narrative (Details) - USD ($) shares in Thousands	1 Months Ended	3 Months Ended
	Mar. 31, 2014	Jun. 30, 2016	Jun. 30, 2015
Equity, Class of Treasury Stock [Line Items]
Authorized amount in buyback program	$ 250,000,000
Period to complete share repurchase program	3 years
Repurchase of shares, value		$ 24,422,000	$ 8,814,000
Treasury Shares
Equity, Class of Treasury Stock [Line Items]
Repurchase of shares (in shares)		1,590	577
Repurchase of shares, value		$ 24,422,000	$ 8,814,000

Shareholders' Equity - Compone

Shareholders' Equity - Components of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Accumulated Other Comprehensive Income (Loss)
Balance at the beginning of the period	$ (111,985)
Other comprehensive income (loss)	2,152	$ (2,818)
Balance at the end of the period	(109,833)
Cumulative Translation Adjustment
Accumulated Other Comprehensive Income (Loss)
Balance at the beginning of the period	(84,038)
Other comprehensive income (loss)	(296)
Balance at the end of the period	(84,334)
Defined Benefit Plan
Accumulated Other Comprehensive Income (Loss)
Balance at the beginning of the period	(26,171)
Other comprehensive income (loss)	743
Balance at the end of the period	(25,428)
Deferred Hedging Gains (Losses)
Accumulated Other Comprehensive Income (Loss)
Balance at the beginning of the period	(1,776)
Other comprehensive income (loss)	1,705
Balance at the end of the period	$ (71)

Segment Information - Net Sale

Segment Information - Net Sales by Product Family- Excluding Intercompany Transactions (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Segment Reporting Information [Line Items]
Net sales	$ 479,864	$ 447,686
Mobile Speakers
Segment Reporting Information [Line Items]
Net sales	57,296	40,544
Audio-PC & Wearables
Segment Reporting Information [Line Items]
Net sales	56,579	45,699
Gaming
Segment Reporting Information [Line Items]
Net sales	56,500	43,670
Video Collaboration
Segment Reporting Information [Line Items]
Net sales	23,910	21,176
Home Control
Segment Reporting Information [Line Items]
Net sales	11,167	10,254
Pointing Devices
Segment Reporting Information [Line Items]
Net sales	116,783	116,985
Keyboards & Combos
Segment Reporting Information [Line Items]
Net sales	118,019	105,829
Tablet & Other Accessories
Segment Reporting Information [Line Items]
Net sales	13,885	18,809
PC Webcams
Segment Reporting Information [Line Items]
Net sales	25,262	21,681
Other
Segment Reporting Information [Line Items]
Net sales	463	741
Total net retail sales
Segment Reporting Information [Line Items]
Net sales	479,864	425,388
OEM
Segment Reporting Information [Line Items]
Net sales	$ 0	$ 22,298

Segment Information - Net Sa61

Segment Information - Net Sales and Long-Lived Assets by Geographic Region (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Mar. 31, 2016
Net sales to unaffiliated customers and long-lived assets by geographic region
Net sales	$ 479,864	$ 447,686
Long lived assets	87,044		$ 92,860
Americas | Operating Segments
Net sales to unaffiliated customers and long-lived assets by geographic region
Net sales	222,625	215,675
Long lived assets	40,883		40,221
EMEA | Operating Segments
Net sales to unaffiliated customers and long-lived assets by geographic region
Net sales	142,922	119,612
Long lived assets	3,017		3,194
Asia Pacific | Operating Segments
Net sales to unaffiliated customers and long-lived assets by geographic region
Net sales	114,317	$ 112,399
Long lived assets	$ 43,144		$ 49,445

Segment Information - Narrativ

Segment Information - Narrative (Details) $ in Thousands	3 Months Ended
	Jun. 30, 2016USD ($)customer	Jun. 30, 2015	Mar. 31, 2016USD ($)
Segment Reporting Information [Line Items]
Number of major customers | customer	1
Long lived assets	$ 87,044		$ 92,860
United States
Segment Reporting Information [Line Items]
Long lived assets	38,100		40,000
Switzerland
Segment Reporting Information [Line Items]
Long lived assets	1,500		1,700
China
Segment Reporting Information [Line Items]
Long lived assets	$ 38,100		$ 44,500
Geographic Concentration | Consolidated net sales from continuing operations | United States
Segment Reporting Information [Line Items]
Percentage of consolidated net sales	41.00%	42.00%
Geographic Concentration | Consolidated net sales from continuing operations | Switzerland
Segment Reporting Information [Line Items]
Percentage of consolidated net sales	2.00%	2.00%
Customer Concentration | Consolidated net sales from continuing operations | Single customer group
Segment Reporting Information [Line Items]
Percentage of consolidated net sales	13.00%	14.00%
Customer Concentration | Consolidated net sales from continuing operations | Second customer group
Segment Reporting Information [Line Items]
Percentage of consolidated net sales	12.00%

Restructuring (Details)

Restructuring (Details) - USD ($) $ in Thousands	3 Months Ended		15 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016
Restructuring reserve
Credits, net	$ (85)	$ 11,538
Continuing Operations
Restructuring reserve
Accrual balance, beginning of the period	6,400
Credits, net	(85)
Cash payments	(2,033)
Accrual balance, end of the period	4,282		$ 4,282
Continuing Operations | Termination Benefits
Restructuring reserve
Accrual balance, beginning of the period	6,275
Credits, net	(85)
Cash payments	(1,908)
Accrual balance, end of the period	4,282		4,282
Continuing Operations | Lease Exit Costs
Restructuring reserve
Accrual balance, beginning of the period	125
Credits, net	0
Cash payments	(125)
Accrual balance, end of the period	$ 0		0
2016 Restructuring Plan
Restructuring related charges:
Cumulative restructuring costs incurred			25,400
2016 Restructuring Plan | Termination Benefits
Restructuring related charges:
Cumulative restructuring costs incurred			$ 24,300