Cover Page - shares	9 Months Ended
Cover Page - shares	Dec. 31, 2021	Jan. 12, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 2021
Document Transition Report	false
Entity File Number	0-29174
Entity Registrant Name	LOGITECH INTERNATIONAL S.A.
Entity Incorporation, State or Country Code	V8
Entity Address, Address Line One	1015 Lausanne
Entity Address, Country	CH
Entity Address, Address Line Two	c/o Logitech Inc.
Entity Address, Address Line Three	7700 Gateway Boulevard
Entity Address, City or Town	Newark
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94560
City Area Code	510
Local Phone Number	795-8500
Title of 12(b) Security	Registered Shares
Trading Symbol	LOGI
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		166,227,861
Entity Central Index Key	0001032975
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Net sales	$ 1,632,782	$ 1,667,302	$ 4,251,107	$ 3,716,354
Cost of goods sold	971,646	914,851	2,470,980	2,082,088
Amortization of intangible assets	3,126	3,441	11,028	9,800
Gross profit	658,010	749,010	1,769,099	1,624,466
Operating expenses:
Marketing and selling	269,941	204,485	778,882	496,520
Research and development	75,529	53,910	213,436	157,014
General and administrative	38,478	37,606	112,291	98,341
Amortization of intangible assets and acquisition-related costs	3,662	4,946	13,986	13,886
Impairment of intangible assets	7,000	0	7,000	0
Change in fair value of contingent consideration for business acquisition	(1,110)	0	(3,509)	5,716
Restructuring charges (credits), net	1,759	0	1,770	(54)
Total operating expenses	395,259	300,947	1,123,856	771,423
Operating income	262,751	448,063	645,243	853,043
Interest income	278	311	795	1,444
Other income (expense), net	(3,673)	6,483	(1,941)	9,661
Income before income taxes	259,356	454,857	644,097	864,148
Provision for income taxes	49,345	72,334	107,789	142,638
Net income	$ 210,011	$ 382,523	$ 536,308	$ 721,510
Net income per share:
Basic (in dollars per share)	$ 1.26	$ 2.26	$ 3.19	$ 4.28
Diluted (in dollars per share)	$ 1.24	$ 2.22	$ 3.14	$ 4.21
Weighted average shares used to compute net income per share:
Basic (in shares)	167,090	169,050	167,953	168,448
Diluted (in shares)	169,707	172,587	171,027	171,378

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 210,011	$ 382,523	$ 536,308	$ 721,510
Other comprehensive income (loss):
Currency translation gain (loss), net of taxes	(5,806)	19,500	(9,733)	23,944
Reclassification of cumulative translation adjustment to other income (expense), net	0	0	1,051	(1,738)
Defined benefit plans:
Net gain (loss) and prior service costs, net of taxes	(443)	(863)	(848)	(319)
Amortization included in other income (expense), net	211	178	634	523
Hedging gain (loss):
Deferred hedging gain (loss), net of taxes	1,061	(6,326)	3,723	(9,752)
Reclassification of net hedging impact into cost of goods sold	(3,200)	3,446	(5,108)	5,085
Total other comprehensive income (loss)	(8,177)	15,935	(10,281)	17,743
Total comprehensive income	$ 201,834	$ 398,458	$ 526,027	$ 739,253

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2021	Mar. 31, 2021
Current assets:
Cash and cash equivalents	$ 1,364,411	$ 1,750,327
Accounts receivable, net	845,836	612,225
Inventories	834,534	661,116
Other current assets	145,001	135,650
Total current assets	3,189,782	3,159,318
Non-current assets:
Property, plant and equipment, net	109,601	114,060
Goodwill	448,731	429,604
Other intangible assets, net	89,878	115,148
Other assets	323,605	324,248
Total assets	4,161,597	4,142,378
Current liabilities:
Accounts payable	738,992	823,233
Accrued and other current liabilities	813,684	858,617
Total current liabilities	1,552,676	1,681,850
Non-current liabilities:
Income taxes payable	85,610	59,237
Other non-current liabilities	155,369	139,502
Total liabilities	1,793,655	1,880,589
Commitments and contingencies
Shareholders’ equity:
Registered shares, CHF 0.25 par value: Issued shares - 173,106 at December 31 and March 31, 2021 Additional shares that may be be issued out of conditional capitals - 50,000 at December 31 and March 31, 2021 Additional shares that may be issued out of authorized capitals - 17,311 at December 31 and March 31, 2021	30,148	30,148
Additional paid-in capital	115,994	129,519
Shares in treasury, at cost — 6,639 at December 31, 2021 and 4,799 at March 31, 2021	(526,480)	(279,541)
Retained earnings	2,867,476	2,490,578
Accumulated other comprehensive loss	(119,196)	(108,915)
Total shareholders’ equity	2,367,942	2,261,789
Total liabilities and shareholders’ equity	$ 4,161,597	$ 4,142,378

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - SFr / shares shares in Thousands	Dec. 31, 2021	Mar. 31, 2021
Shareholders’ equity:
Shares, par value (in CHF per share)	SFr 0.25	SFr 0.25
Shares issued (in shares)	173,106	173,106
Shares that may be issued out of conditional capital (in shares)	50,000	50,000
Shares that may be issued out of the authorized capital (in shares)	17,311	17,311
Treasury, at cost, shares (in shares)	6,639	4,799

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net income	$ 536,308	$ 721,510
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	65,387	36,010
Amortization of intangible assets	24,223	23,627
Impairment of intangible assets	7,000	0
Loss on investments	1,421	4,692
Share-based compensation expense	72,465	64,714
Deferred income taxes	27,369	37,683
Change in fair value of contingent consideration for business acquisition	(3,509)	5,716
Other	1,068	(1,670)
Changes in assets and liabilities, net of acquisitions:
Accounts receivable, net	(236,358)	(476,804)
Inventories	(177,828)	(239,378)
Other assets	(20,569)	(53,281)
Accounts payable	(80,637)	541,024
Accrued and other liabilities	(17,612)	264,576
Net cash provided by operating activities	198,728	928,419
Cash flows from investing activities:
Purchases of property, plant and equipment	(63,726)	(46,163)
Investment in privately held companies	(1,260)	(3,525)
Acquisitions, net of cash acquired	(15,886)	(360)
Proceeds from return of strategic investments	0	2,934
Purchases of short-term investments	(10,000)	0
Proceeds from the sale of short-term investments	1,225	0
Purchases of trading investments	(3,644)	(10,672)
Proceeds from sales of trading investments	4,285	11,332
Net cash used in investing activities	(89,006)	(46,454)
Cash flows from financing activities:
Payment of cash dividends	(159,410)	(146,705)
Payment of contingent consideration for business acquisition	(880)	0
Purchases of registered shares	(290,625)	(72,725)
Proceeds from exercises of stock options and purchase rights	16,644	29,709
Tax withholdings related to net share settlements of restricted stock units	(58,528)	(29,475)
Net cash used in financing activities	(492,799)	(219,196)
Effect of exchange rate changes on cash and cash equivalents	(2,839)	10,408
Net increase / (decrease) in cash and cash equivalents	(385,916)	673,177
Cash and cash equivalents, beginning of the period	1,750,327	715,566
Cash and cash equivalents, end of the period	1,364,411	1,388,743
Non-cash investing and financing activities:
Property, plant and equipment purchased during the period and included in period end liability accounts	13,707	14,663
Non-cash contingent consideration for acquisition	0	28,463
Fair value of contingent consideration in accrued and other liabilities	9,013	0
Supplemental cash flow information:
Income taxes paid, net	$ 175,775	$ 0

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Registered Shares	Additional Paid-in Capital	Treasury Shares	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Loss
Beginning of the period at Mar. 31, 2020	$ 1,489,268	$ (553)	$ 30,148	$ 75,097	$ (185,896)	$ 1,690,579	$ (553)	$ (120,660)
Beginning of the period (in shares) at Mar. 31, 2020			173,106		6,210
Increase (Decrease) in Shareholders' Equity
Total comprehensive income	739,253					721,510		17,743
Purchases of registered shares	(72,725)				$ (72,725)
Purchases of registered shares (in shares)					915
Sales of shares upon exercise of stock options and purchase rights	29,709			(1,368)	$ 31,077
Sales of shares upon exercise of stock options and purchase rights (in shares)					(1,461)
Issuance of shares upon vesting of restricted stock units	(29,475)			(48,968)	$ 19,493
Issuance of shares upon vesting of restricted stock units (in shares)					(1,031)
Issuance of shares for contingent consideration	28,463			18,847	$ 9,616
Issuance of shares for contingent consideration (in shares)					(390)
Share-based compensation	64,532			64,532
Cash dividends	(146,705)					(146,705)
End of the period at Dec. 31, 2020	2,101,767		$ 30,148	108,140	$ (198,435)	2,264,831		(102,917)
End of the period (in shares) at Dec. 31, 2020			173,106		4,243
Beginning of the period at Sep. 30, 2020	1,705,963		$ 30,148	78,617	$ (166,258)	1,882,308		(118,852)
Beginning of the period (in shares) at Sep. 30, 2020			173,106		4,357
Increase (Decrease) in Shareholders' Equity
Total comprehensive income	398,458					382,523		15,935
Purchases of registered shares	(50,271)				$ (50,271)
Purchases of registered shares (in shares)					603
Sales of shares upon exercise of stock options and purchase rights	3,643			(2,733)	$ 6,376
Sales of shares upon exercise of stock options and purchase rights (in shares)					(250)
Issuance of shares upon vesting of restricted stock units	(3,731)			(5,833)	$ 2,102
Issuance of shares upon vesting of restricted stock units (in shares)					(77)
Issuance of shares for contingent consideration	28,463			18,847	$ 9,616
Issuance of shares for contingent consideration (in shares)					(390)
Share-based compensation	19,242			19,242
End of the period at Dec. 31, 2020	2,101,767		$ 30,148	108,140	$ (198,435)	2,264,831		(102,917)
End of the period (in shares) at Dec. 31, 2020			173,106		4,243
Beginning of the period at Mar. 31, 2021	2,261,789		$ 30,148	129,519	$ (279,541)	2,490,578		(108,915)
Beginning of the period (in shares) at Mar. 31, 2021			173,106		4,799
Increase (Decrease) in Shareholders' Equity
Total comprehensive income	526,027					536,308		(10,281)
Purchases of registered shares	(290,625)				$ (290,625)
Purchases of registered shares (in shares)					3,035
Sales of shares upon exercise of stock options and purchase rights	16,644			8,397	$ 8,247
Sales of shares upon exercise of stock options and purchase rights (in shares)					(226)
Issuance of shares upon vesting of restricted stock units	(58,528)			(93,967)	$ 35,439
Issuance of shares upon vesting of restricted stock units (in shares)					(969)
Share-based compensation	72,045			72,045
Cash dividends	(159,410)					(159,410)
End of the period at Dec. 31, 2021	2,367,942		$ 30,148	115,994	$ (526,480)	2,867,476		(119,196)
End of the period (in shares) at Dec. 31, 2021			173,106		6,639
Beginning of the period at Sep. 30, 2021	2,262,683		$ 30,148	99,434	$ (413,345)	2,657,465		(111,019)
Beginning of the period (in shares) at Sep. 30, 2021			173,106		5,331
Increase (Decrease) in Shareholders' Equity
Total comprehensive income	201,834					210,011		(8,177)
Purchases of registered shares	(116,245)				$ (116,245)
Purchases of registered shares (in shares)					1,379
Sales of shares upon exercise of stock options and purchase rights	8			8
Issuance of shares upon vesting of restricted stock units	(3,777)			(6,887)	$ 3,110
Issuance of shares upon vesting of restricted stock units (in shares)					(71)
Share-based compensation	23,439			23,439
Cash dividends	0
End of the period at Dec. 31, 2021	$ 2,367,942		$ 30,148	$ 115,994	$ (526,480)	$ 2,867,476		$ (119,196)
End of the period (in shares) at Dec. 31, 2021			173,106		6,639

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical)	3 Months Ended	9 Months Ended
	Dec. 31, 2021 $ / shares	Dec. 31, 2021 $ / shares	Dec. 31, 2021 SFr / shares	Dec. 31, 2020 $ / shares	Dec. 31, 2020 SFr / shares
Statement of Stockholders' Equity [Abstract]
Cash dividends per share (in dollars per share) \| (per share)	$ 0.95	$ 0.95	SFr 0.87	$ 0.87	SFr 0.79

The Company and Summary of Significant Accounting Policies and Estimates	9 Months Ended
	Dec. 31, 2021
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 have an everyday place in people's lives, connecting them to the digital experiences they care about. Forty years ago, Logitech created products to improve experiences around the personal PC platform, and today it is a multi-brand, multi-category company designing products that enable better experiences consuming, sharing and creating any digital content such as computing, gaming, video, and music, whether it is on a computer, mobile device or in the cloud. The Company sells its products to a broad network of domestic and international customers, including direct sales to retailers and e-tailers, 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 and headquarters in Lausanne, Switzerland, which conducts its business through subsidiaries in the Americas, Europe, Middle East and 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 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 ("U.S. GAAP") for interim financial information and therefore do not include all the information required by U.S. GAAP for complete financial statements. The condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements for the fiscal year ended March 31, 2021, included in its Annual Report on Form 10-K filed with the Securities and Exchange Commission ("SEC") on May 12, 2021. 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 and nine months ended December 31, 2021 are not necessarily indicative of the results that may be expected for the fiscal year ending March 31, 2022, or any future periods. Changes in Significant Accounting Policies Other than the recent accounting pronouncements adopted and discussed below under Recent Accounting Pronouncements Adopted, there have been no material changes in the Company’s significant accounting policies during the nine months ended December 31, 2021 compared with the significant accounting policies described in its Annual Report on Form 10-K for the fiscal year ended March 31, 2021. Use of Estimates The preparation of financial statements in conformity with U.S. 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. Significant estimates and assumptions made by management involve the fair value of goodwill and intangible assets acquired from business acquisitions, contingent consideration for a business acquisition and periodic reassessment of its fair value, valuation of investment in privately held companies classified under Level 3 fair value hierarchy, pension obligations, accruals for customer incentives, cooperative marketing, and pricing programs and related breakage when appropriate, inventory valuation, 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. Risks and Uncertainties We are subject to risks and uncertainties as a result of the novel coronavirus ("COVID-19"). Capital markets and economies worldwide have been negatively impacted by COVID-19 and it is still unclear how lasting and deep the economic impacts will be. During the three and nine months ended December 31, 2021, the COVID-19 pandemic had mixed effects on the Company’s results of operations. While the Company experienced increased sales for the nine months ended December 31, 2021, compared to the same period of the prior fiscal year, we also experienced supply and demand volatility, as the COVID-19 pandemic and related safety measures and restrictions have evolved differently across the world. In addition, we experienced industry-wide supply chain challenges. The ongoing and full extent of the impact of the COVID-19 pandemic on the Company's business and operational and financial performance and condition, including the sustainability of its effect on trends positive to the Company, is uncertain and will depend on many factors outside the Company's control, including but not limited to the timing, extent, duration and effects of the virus and any of its mutations and variants, the vaccination rates, the development of effective treatments, the imposition of effective public safety and other protective measures and the public's response to such measures, the impact of COVID-19 on the global economy and demand for the Company's products and services. Should the COVID-19 pandemic or global economic slowdown not improve or worsen, or if the Company's attempt to mitigate its impact on its operations and costs is not successful, the Company's business, results of operations, financial condition and prospects may be adversely affected. Recent Accounting Pronouncements Adopted In December 2019, the FASB issued ASU 2019-12, "Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes" (ASU 2019-12), which eliminates certain exceptions for recognizing deferred taxes for investments, performing intraperiod allocation and calculating income taxes in interim periods. This ASU also includes guidance to reduce complexity in certain areas, including recognizing deferred taxes for tax goodwill and allocating taxes to members of a consolidated group. ASU 2019-12 is effective for annual and interim periods in fiscal years beginning after December 15, 2020. Early adoption is permitted. The Company adopted this standard effective April 1, 2021. The adoption of ASU 2019-12 did not have a material impact on the Company's condensed consolidated financial statements. Recent Accounting Pronouncements to Be Adopted In October 2021, the FASB issued ASU 2021-08, "Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers" (ASU 2021-08). The standard requires an acquirer in a business combination to recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with ASC 606, Revenue from Contracts with Customers, as if it had originated the contracts. The standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022. Early adoption is permitted. The Company does not expect the adoption of ASU 2021-08 to have a significant impact on its consolidated financial statements and plans to adopt the standard effective April 1, 2023.

Net Income Per Share

9 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Net Income Per Share

The following table summarizes the computations of basic and diluted net income per share for the three and nine months ended December 31, 2021 and December 31, 2020 (in thousands, except per share amounts):


	Three Months Ended December 31,				Nine Months Ended December 31,
	2021		2020		2021		2020
Net income	$	210,011	$	382,523	$	536,308	$	721,510

Shares used in net income per share computation:
Weighted average shares outstanding - basic	167,090		169,050		167,953		168,448
Effect of potentially dilutive equivalent shares	2,617		3,537		3,074		2,930
Weighted average shares outstanding - diluted	169,707		172,587		171,027		171,378

Net income per share:
Basic	$	1.26	$	2.26	$	3.19	$	4.28
Diluted	$	1.24	$	2.22	$	3.14	$	4.21

Share equivalents attributable to outstanding stock options, restricted stock units ("RSUs") and employee share purchase plans ("ESPP") totaling 0.8 million and 0.3 million for the three months ended December 31, 2021 and 2020, respectively, and 0.9 million and 0.4 million for the nine months ended December 31, 2021 and 2020, respectively, were excluded from the calculation of diluted net income per share because the combined exercise price and average unamortized grant date fair value upon exercise of these options and ESPP rights or vesting of RSUs were greater than the average market price of the Company's shares during the periods presented herein, and therefore their inclusion would have been anti-dilutive. A small number of performance-based awards were not included in the calculation because all necessary conditions had not been satisfied by the end of the respective period, and those shares were not issuable if the end of the reporting period were the end of the performance contingency period.

Employee Benefit Plans

9 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Employee Benefit Plans

Employee Share Purchase Plans and Stock Incentive Plans

As of December 31, 2021, the Company offers the 2006 Employee Share Purchase Plan (Non-U.S.), as amended and restated, the 1996 Employee Share Purchase Plan (U.S.), as amended and restated, the 2006 Stock Incentive Plan, as amended and restated, and the 2012 Stock Inducement Equity Plan. Shares issued to employees as a result of purchases or exercises under these plans are generally issued from shares held in treasury stock.

The following table summarizes the share-based compensation expense and total income tax benefit recognized for share-based awards for the three and nine months ended December 31, 2021 and 2020 (in thousands):


	Three Months Ended December 31,				Nine Months Ended December 31,
	2021		2020		2021		2020
Cost of goods sold	$	1,782	$	1,747	$	5,253	$	4,919
Marketing and selling	10,699		8,390		28,987		27,559
Research and development	4,510		3,482		14,295		10,348
General and administrative	7,801		6,195		23,930		21,888

Total share-based compensation expense	24,792		19,814		72,465		64,714
Income tax benefit	(3,581)		(3,471)		(23,460)		(15,540)
Total share-based compensation expense, net of income tax benefit	$	21,211	$	16,343	$	49,005	$	49,174

The income tax benefit in the respective periods primarily consisted of tax benefits related to the share-based compensation expense for the period and direct tax benefit realized, including net excess tax benefits recognized from share-based awards vested or exercised during the period.

As of December 31, 2021 and 2020, the balance of capitalized share-based compensation included in inventory was $1.1 million and $1.0 million, 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 costs recorded of $3.4 million and $2.9 million for the three months ended December 31, 2021 and 2020, respectively, and $10.0 million and $8.3 million for the nine months ended December 31, 2021 and 2020, respectively, were primarily related to service costs.

Income Taxes	9 Months Ended
Income Taxes	Dec. 31, 2021
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 December 31, 2021 was $49.3 million based on an effective income tax rate of 19.0% of pre-tax income, compared to an income tax provision of $72.3 million based on an effective income tax rate of 15.9% of pre-tax income for the three months ended December 31, 2020. The income tax provision for the nine months ended December 31, 2021 was $107.8 million based on an effective income tax rate of 16.7% of pre-tax income, compared to an income tax provision of $142.6 million based on an effective income tax rate of 16.5% of pre-tax income for the nine months ended December 31, 2020. The change in the effective income tax rate for the three and nine months ended December 31, 2021, compared to the same periods ended December 31, 2020 was primarily due to the mix of income and losses in the various tax jurisdictions in which the Company operates. There were discrete tax benefits of $0.8 million and $1.3 million from the recognition of excess tax benefits in the United States and reversal of uncertain tax positions from the expiration of statutes of limitations, respectively, in the three-month period ended December 31, 2021, compared with $1.3 million and $1.4 million, respectively, in the three-month period ended December 31, 2020. There were discrete tax benefits of $15.2 million and $2.8 million from the recognition of excess tax benefits in the United States and the reversal of uncertain tax positions from the expiration of statutes of limitations, respectively, in the nine-month period ended December 31, 2021, compared with $7.2 million and $2.9 million, respectively, in the nine-month period ended December 31, 2020. As of December 31, 2021 and March 31, 2021, the total amount of unrecognized tax benefits due to uncertain tax positions was $178.6 million and $160.3 million, respectively, all of which would affect the effective income tax rate if recognized. As of December 31, 2021 and March 31, 2021, the Company had $85.6 million and $59.2 million, respectively, in non-current income taxes payable including interest and penalties, related to the Company's income tax liability for uncertain tax positions. The Company recognizes interest and penalties related to unrecognized tax positions in the income tax provision. As of December 31, 2021 and March 31, 2021, the Company had $5.7 million and $4.9 million, respectively, of accrued interest and penalties related to uncertain tax positions in non-current income taxes payable. Although the Company has adequately provided for uncertain tax positions, the provisions related to these positions may change as revised estimates are made or the underlying matters are settled or otherwise resolved. During fiscal year 2022, the Company continues to review its tax positions and provide for or reverse unrecognized tax benefits as they arise. During the next twelve 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 $5.2 million from the lapse of the statutes of limitations in various jurisdictions during the next twelve months.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Balance Sheet Components

9 Months Ended

Dec. 31, 2021

Balance Sheet Related Disclosures [Abstract]

Balance Sheet Components

The following table presents the components of certain balance sheet asset amounts as of December 31 and March 31, 2021 (in thousands):


	December 31, 2021		March 31, 2021
Accounts receivable, net:
Accounts receivable	$	1,189,206	$	867,868
Allowance for doubtful accounts	(75)		(1,161)
Allowance for sales returns	(15,128)		(14,438)
Allowance for cooperative marketing arrangements	(66,772)		(43,276)
Allowance for customer incentive programs	(125,052)		(76,200)
Allowance for pricing programs	(136,343)		(120,568)
	$	845,836	$	612,225
Inventories:
Raw materials	$	209,647	$	146,886
Finished goods	624,887		514,230
	$	834,534	$	661,116
Other current assets:
Value-added tax receivables	$	56,944	$	67,710
Prepaid expenses and other assets	88,057		67,940
	$	145,001	$	135,650
Property, plant and equipment, net:
Property, plant and equipment at cost	$	451,783	$	417,520
Accumulated depreciation and amortization	(342,182)		(303,460)
	$	109,601	$	114,060
Other assets:
Deferred tax assets	$	196,776	$	210,888
Right-of-use assets	38,997		31,169
Trading investments for deferred compensation plan	29,711		24,809
Investments in privately held companies	43,482		43,402
Other assets	14,639		13,980
	$	323,605	$	324,248

The following table presents the components of certain balance sheet liability amounts as of December 31 and March 31, 2021 (in thousands):


	December 31, 2021		March 31, 2021
Accrued and other current liabilities:
Accrued customer marketing, pricing and incentive programs	$	244,821	$	185,394
Accrued personnel expenses	167,249		173,360
VAT payable	41,103		50,620
Accrued sales return liability	37,765		43,178
Accrued payables - non-inventory	29,632		52,392
Warranty accrual	34,121		33,228
Income taxes payable	25,889		131,408

Operating lease liability	13,583		13,101

Contingent consideration	8,580		6,967
Other current liabilities	210,941		168,969
	$	813,684	$	858,617
Other non-current liabilities:
Employee benefit plan obligations	$	74,643	$	72,321
Obligation for deferred compensation plan	29,711		24,809
Operating lease liability	27,464		21,319
Warranty accrual	13,814		15,604
Contingent consideration	3,971		—
Deferred tax liability	1,679		1,679
Other non-current liabilities	4,087		3,770
	$	155,369	$	139,502

Fair Value Measurements

9 Months Ended

Dec. 31, 2021

Financial Instruments, Owned, at Fair Value [Abstract]

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):


	December 31, 2021						March 31, 2021
	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Assets:
Cash equivalents	$	475,187	$	—	$	—	$	669,759	$	—	$	—

Trading investments for deferred compensation plan included in other assets:
Cash	$	349	$	—	$	—	$	31	$	—	$	—
Common stock	2,240		—		—		1,569		—		—
Money market funds	7,117		—		—		6,734		—		—
Mutual funds	20,005		—		—		16,475		—		—
Total of trading investments for deferred compensation plan	$	29,711	$	—	$	—	$	24,809	$	—	$	—

Currency exchange derivative assets included in other current assets	$	—	$	198	$	—	$	—	$	5,452	$	—

Liabilities:
Contingent consideration for business acquisition included in accrued and other current liabilities	$	—	$	—	$	8,042	$	—	$	—	$	6,430
Contingent consideration for business acquisition included in other non-current liabilities	$	—	$	—	$	3,971	$	—	$	—	$	—
Currency exchange derivative liabilities included in accrued and other current liabilities	$	—	$	808	$	—	$	—	$	100	$	—

The following table summarizes the change in the fair value of the Company's contingent consideration balance during the nine months ended December 31, 2021 and 2020 (in thousands):


	Nine Months Ended December 31,
	2021		2020
Beginning of the period	$	6,967	$	23,284
Fair value of contingent consideration upon acquisition (1)	9,973		—
Change in fair value of contingent consideration	(3,509)		5,716
Settlement of contingent consideration	(880)		(28,463)
End of the period (2)	$	12,551	$	537

(1) Fair value of contingent consideration includes the earn-out of the immaterial technology acquisition. See Contingent Consideration for Business Acquisitions section below for more information.

(2) As of June 30, 2020, the earn-out period was completed in connection with our acquisition of General Workings, Inc. ("Streamlabs") (discussed below). The earn-out payment of $29.0 million was based on the actual net sales of Streamlabs services during the earn-out period and was no longer subject to fair value measurement and was accordingly transferred out of Level 3. During the third quarter of fiscal year 2021, $28.5 million of the contingent consideration was transferred from other current liabilities to equity upon settlement of the contingent consideration through the issuance of shares out of treasury stock. The remaining $0.5 million is held back in escrow for claims made against the escrow and for the payment of taxes.

Investment Securities

The marketable securities for the Company's deferred compensation plan were recorded at a fair value of $29.7 million and $24.8 million, as of December 31, 2021 and March 31, 2021, respectively, based on quoted

market prices. Quoted market prices are observable inputs that are classified as Level 1 within the fair value hierarchy. Unrealized gains (losses) related to trading securities for the three and nine months ended December 31, 2021 and 2020 were not material and are included in other income, net in the Company's condensed consolidated statements of operations.

Contingent Consideration for Business Acquisitions

On May 19, 2021, the Company made an immaterial technology acquisition. The contingent consideration for business acquisition arising from the immaterial technology acquisition represents the future potential earn-out payments of up to $10.0 million payable in cash only upon the achievement of three technical development milestones required to be completed as of December 31, 2021, June 30, 2022, and June 30, 2023. The fair value of the contingent amount was determined using a probability-weighted expected payment model and discounted at the estimated cost of debt. During the third quarter of fiscal 2022, $0.9 million of the contingent consideration was released from other current liabilities upon cash settlement of the contingent consideration for the first technical development milestone.

On February 17, 2021 (the "Mevo Acquisition Date"), the Company acquired all of the equity interests of Mevo Inc. ("Mevo"). In connection with the acquisition of Mevo, the Company agreed to pay a total earn out payment of up to $17.0 million payable in cash only upon the achievement of certain net sales for the period beginning on December 26, 2020 and ending on December 31, 2021.

The fair value of the earn-out as of the Mevo Acquisition Date was $3.4 million which was determined by using a Black-Scholes-Merton valuation model to calculate the probability of the earn-out threshold being met, times the value of the earn-out payment, and discounted at the risk-free rate. The valuation included significant assumptions and unobservable inputs such as the projected sales of Mevo over the earn-out period, risk-free rate, and the net sales volatility. Projected sales were based on the Company's internal projections, including analysis of the target market and historical sales of Mevo products. As of December 31, 2021, the fair value of the contingent consideration was released from other current liabilities as the net sales milestone was not achieved upon completion of the earn-out period. As of March 31, 2021 the fair value of the contingent consideration was $3.4 million.

On January 4, 2021, the Company made an immaterial technology acquisition. The contingent consideration for business acquisition arising from the immaterial technology acquisition represents the future potential earn-out payments of up to $3.0 million payable in cash upon the achievement of two technical development milestones required to be completed as of December 31, 2021 and March 31, 2022. The fair value of the contingent amount was determined using a probability-weighted expected payment model and discounted at the estimated cost of debt. The contingent consideration related to the first milestone is expected to be paid in the fourth quarter of fiscal year 2022.

On October 31, 2019, the Company acquired all of the equity interests of General Workings, Inc. (Streamlabs). In connection with the acquisition of Streamlabs, the Company agreed to pay a total earn-out payment of up to $29.0 million, payable in stock, only upon the achievement of certain net revenues for the period beginning on January 1, 2020 and ending on June 30, 2020. The fair value was increased by $5.7 million to $29.0 million as of June 30, 2020, based on actual sales. As of June 30, 2020, the earn-out period was completed, and was no longer subject to fair value measurement. During the third quarter of fiscal 2021, $28.5 million of the contingent consideration was transferred from other current liabilities to equity upon settlement of the contingent consideration through the issuance of shares out of treasury stock. The remaining amount of $0.5 million is held back in escrow for claims made against the escrow and for the payment of taxes.

Although these estimates are based on management’s best knowledge of current events, the estimates could change significantly from period to period. Actual results that differ from the assumptions used and any changes to the significant assumptions and unobservable inputs used could have a material impact on future results of operations.

Equity Method Investments

The Company has certain non-marketable investments included in other assets that are accounted for under the equity method of accounting, with a carrying value of $40.8 million and $40.7 million as of December 31, 2021 and March 31, 2021, respectively. Unrealized gains (losses) related to equity investments for the three and nine months ended December 31, 2021 and 2020 were not material and are included in other income, net in the

Company's condensed consolidated statements of operations. There was no impairment of these assets during the three and nine months ended December 31, 2021 or 2020.

Other Assets Measured at Fair Value on a Nonrecurring Basis

Financial Assets. The Company has certain investments without readily determinable fair values 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. The carrying value is also adjusted for observable price changes with a same or similar security from the same issuer. The amount of these investments included in other assets was immaterial as of December 31, 2021 and March 31, 2021. There was no impairment of these assets during the three and nine months ended December 31, 2021 or 2020.

Non-Financial Assets. Goodwill, intangible assets, and property, plant and equipment, are not required to be measured at fair value on a recurring basis. However, if certain triggering events occur (or tested at least annually for goodwill) such that a non-financial instrument is required to be evaluated for impairment and an impairment is recorded to reduce the non-financial instrument's carrying value to the fair value as a result of such triggering events, the non-financial assets and liabilities are measured at fair value for the period such triggering events occur. As further discussed in Note 8, during the three and nine months ended December 31, 2021, the Company recorded impairment charges of $7.0 million for the Jaybird intangible assets. There was no impairment of non-financial assets during the three and nine months ended December 31, 2020.

Derivative Financial Instruments

9 Months Ended

Dec. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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 December 31, 2021 and March 31, 2021.

The fair value of the Company’s derivative instruments was not material as of December 31, 2021 or March 31, 2021. The amount of gain (loss) recognized on derivatives not designated as hedging instruments was 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 and nine months ended December 31, 2021 and 2020 (in thousands):


	Three Months Ended December 31,
	Amount of Gain (Loss) Deferred as a Component of Accumulated Other Comprehensive Loss				Amount of Loss (Gain) Reclassified from Accumulated Other Comprehensive Loss to Costs of Goods Sold
	2021		2020		2021		2020

Cash flow hedges	$	1,061	$	(6,326)	$	(3,200)	$	3,446


	Nine Months Ended December 31,
	Amount of Gain (Loss) Deferred as a Component of Accumulated Other Comprehensive Loss				Amount of Loss (Gain) Reclassified from Accumulated Other Comprehensive Loss to Costs of Goods Sold
	2021		2020		2021		2020

Cash flow hedges	$	3,723	$	(9,752)	$	(5,108)	$	5,085

Cash Flow Hedges

The Company enters into cash flow hedge contracts to protect against exchange rate exposure of forecasted inventory purchases. These hedging contracts mature within four months. 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. Cash flows from such hedges are classified as operating activities in the condensed consolidated statements of cash flows. Hedging relationships are discontinued when hedging contract is no longer eligible for hedge accounting, or is sold, terminated or exercised, or when Company removes hedge designation for the contract. Gains and losses in the fair value of the effective portion of the discontinued hedges continue to be reported in accumulated other comprehensive loss until the hedged inventory purchases are sold, unless it is probable that the forecasted inventory purchases will not occur by the end of the originally specified time period or within an additional two-month period of time thereafter. In all periods presented herein, there have been no forecasted inventory purchases that were probable to not occur by the end of the originally specified time period or within an additional two-month period of time thereafter. The notional amounts of foreign currency exchange forward contracts outstanding related to forecasted inventory purchases were $128.1 million as of December 31, 2021 and $164.5 million as of March 31, 2021. The Company had $2.4 million of net gains related to its cash flow hedges included in accumulated other comprehensive loss as of December 31, 2021, which will be reclassified into earnings within the next 12 months.

Other Derivatives

The Company also enters into foreign currency exchange forward and swap contracts to reduce the short-term effects of currency exchange rate fluctuations on certain receivables or payables denominated in currencies other than the functional currencies of its subsidiaries. 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 these contracts are recognized in other income, net in the condensed consolidated statements of operations based on the changes in fair value. The notional amounts of these contracts outstanding as of December 31, 2021 and March 31, 2021 were $251.7 million and $123.8 million, respectively. Open forward and swap contracts outstanding as of December 31, 2021 and March 31, 2021 consisted of contracts in Mexican Pesos, Japanese Yen, Canadian Dollars, Taiwanese Dollars, and Australian Dollars to be settled at future dates at pre-determined exchange rates. Open forward and swap contracts outstanding as of December 31, 2021 additionally consisted of contracts in Chinese Renminbi and Brazilian Real to be settled at future dates at pre-determined exchange rates, which were primarily attributable to the increase in the notional amounts outstanding as of December 31, 2021 compared to March 31, 2021.

The fair value of all foreign 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 Assets

9 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

The Company conducts its impairment analysis of goodwill and indefinite life intangible assets 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 unit may be less than its carrying amount. The Company conducted its annual impairment analysis of goodwill and indefinite life intangible asset as of December 31, 2021 by performing a qualitative assessment and concluded that it was more likely than not that the fair value of its reporting unit exceeds its carrying amount. In assessing the qualitative factors, the Company considered the impact of change in industry and competitive environment, growth in the Company's market capitalization and budgeted-to-actual revenue performance for the last twelve months.

The following table summarizes the activities in the Company’s goodwill balance during the nine months ended December 31, 2021 (in thousands):


As of March 31, 2021	$	429,604

Acquisition	20,721
Effects of foreign currency translation	(1,594)
As of December 31, 2021	$	448,731

During the third quarter of fiscal 2022, the Company decided to discontinue Jaybird-branded products. As a result of this decision, the Company performed an analysis to compare the fair value of Jaybird-related intangible assets to their carrying amount. As the fair value using estimated discounted cash flows was less than the carrying amount, the Company recognized a pre-tax impairment charge in the condensed consolidated statement of operations of $7.0 million, which was primarily related to customer contracts and relationships. See Note 13 for further information regarding the exit plan.

On May 19, 2021, the Company made an immaterial technology acquisition for a total cash consideration of $25.6 million, including up to $10.0 million earn-out payable in cash upon the achievement of three technical development milestones required to be completed as of December 31, 2021, June 30, 2022, and June 30, 2023, which was accounted for using the acquisition method. The Company retained 6% of the total consideration for the purpose of ensuring seller's representations and warranties.

The Company's acquired intangible assets subject to amortization were as follows (in thousands):


	December 31, 2021						March 31, 2021
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Trademark and trade names	$	36,790	$	(21,112)	$	15,678	$	46,070	$	(25,153)	$	20,917
Developed technology	119,707		(80,545)		39,162		134,406		(90,450)		43,956
Customer contracts/relationships	71,110		(39,172)		31,938		91,010		(44,261)		46,749
In-process R&D	3,526		—		3,526		3,526		—		3,526
Effects of foreign currency translation	(475)		49		(426)		—		—		—
Total	$	230,658	$	(140,780)	$	89,878	$	275,012	$	(159,864)	$	115,148

Financing Arrangements	9 Months Ended
Financing Arrangements	Dec. 31, 2021
Debt Disclosure [Abstract]
Financing Arrangements	Financing Arrangements The Company had several uncommitted, unsecured bank lines of credit aggregating $194.4 million as of December 31, 2021. There are no financial covenants under these lines of credit with which the Company must comply. As of December 31, 2021, the Company had outstanding bank guarantees of $11.8 million under these lines of credit. There was no borrowing outstanding under these lines of credit as of December 31, 2021 or March 31, 2021.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
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-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Commitments and Contingencies

9 Months Ended

Dec. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Product Warranties

Changes in the Company’s warranty liability for the three and nine months ended December 31, 2021 and 2020 were as follows (in thousands):


	Three Months Ended December 31,				Nine Months Ended December 31,
	2021		2020		2021		2020
Beginning of the period	$	49,173	$	41,782	$	48,832	$	40,039

Provision	6,962		13,692		23,503		28,575
Settlements	(8,056)		(8,371)		(24,219)		(22,073)
Effects of foreign currency translation	(144)		489		(181)		1,051
End of the period	$	47,935	$	47,592	$	47,935	$	47,592

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 December 31, 2021, 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.

Legal Proceedings

From time to time the Company is involved in claims and legal proceedings which 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 position, 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 position, 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 a necessary license or other rights, or litigation arising out of intellectual property claims, could adversely affect the Company's business.

Shareholders' Equity

9 Months Ended

Dec. 31, 2021

Stockholders' Equity Note [Abstract]

Shareholders' Equity

Shareholders’ Equity

Share Repurchase Program

In March 2017, the Company's Board of Directors approved the 2017 share repurchase program, which authorized the Company to use up to $250.0 million to purchase up to 17.3 million shares of Logitech shares. This share repurchase program expired in April 2020.

In May 2020, the Company's Board of Directors approved the 2020 share repurchase program, which authorized the Company to use up to $250.0 million to purchase up to 17.3 million of Logitech shares. The Company's share repurchase 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 otherwise. Purchases may be started or stopped at any time without prior notice depending on market conditions and other factors. In April 2021, the Company's Board of Directors approved an increase of $750.0 million of the 2020 share repurchase program, to an aggregate amount of $1.0 billion. The Swiss Takeover Board approved this increase and it became effective on May 21, 2021. As of December 31, 2021, $545.0 million is still available for repurchase under the 2020 repurchase program.

Dividends

During the nine months ended December 31, 2021, the Company declared and paid cash dividends of CHF 0.87 (USD equivalent of $0.95) per share, totaling $159.4 million on the Company's outstanding shares. During the nine months ended December 31, 2020, the Company declared and paid cash dividends of CHF 0.79 (USD equivalent of $0.87) per share, totaling $146.7 million on the Company's outstanding shares.

Any future dividends will be subject to approval of the Company's shareholders.

Accumulated Other Comprehensive Income (Loss)

The accumulated other comprehensive income (loss) was as follows (in thousands):


	Accumulated Other Comprehensive Income (Loss)
	Cumulative Translation Adjustment		Defined Benefit Plan		Deferred Hedging Gains / (Losses)		Total
March 31, 2021	$	(89,461)	$	(23,200)	$	3,746	$	(108,915)
Other comprehensive gains (losses)	(8,682)		(214)		(1,385)		(10,281)
December 31, 2021	$	(98,143)	$	(23,414)	$	2,361	$	(119,196)

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

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+ Details

Segment Information

9 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Segment Information

The Company 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 CEO, who is considered to be the Company’s Chief Operating Decision Maker. The CEO periodically reviews information such as sales and adjusted operating income (loss) to make business decisions. These operating performance measures do not include restructuring charges (credits), net, share-based compensation expense, amortization of intangible assets, charges from the purchase accounting effect on inventory, acquisition-related costs, or change in fair value of contingent consideration from business acquisition.

Sales by product categories and sales channels, excluding intercompany transactions, for the three and nine months ended December 31, 2021 and 2020 were as follows (in thousands):


	Three Months Ended December 31,				Nine Months Ended December 31,
	2021		2020		2021		2020
Pointing Devices	$	231,090	$	213,638	$	602,982	$	503,228
Keyboards & Combos	281,608		218,269		736,237		565,246
PC Webcams	115,115		131,700		319,504		295,020
Tablet & Other Accessories	82,859		138,052		242,932		267,186
Gaming (1)	469,282		436,426		1,135,456		916,040
Video Collaboration	287,187		292,500		753,725		659,278
Mobile Speakers	56,748		72,566		124,724		145,156
Audio & Wearables	104,280		152,952		318,965		338,592
Smart Home	4,559		10,593		16,380		25,976
Other (2)	54		606		202		632
Total Sales	$	1,632,782	$	1,667,302	$	4,251,107	$	3,716,354

(1) Gaming includes streaming services revenue generated by Streamlabs.

(2) Other includes products that the Company currently intends to phase out, or has already phased out, because they are no longer strategic to the Company's business.

Sales by geographic region (based on the customers’ locations) for the three and nine months ended December 31, 2021 and 2020 were as follows (in thousands):


	Three Months Ended December 31,				Nine Months Ended December 31,
	2021		2020		2021		2020
Americas	$	674,393	$	704,718	$	1,828,474	$	1,603,221
EMEA	552,133		547,044		1,309,542		1,147,393
Asia Pacific	406,256		415,540		1,113,091		965,740
Total sales	$	1,632,782	$	1,667,302	$	4,251,107	$	3,716,354

Sales are attributed to countries on the basis of the customers’ locations.

The United States and Germany each represented 10% or more of the total consolidated sales for each of the periods presented herein. China represented more than 10% of the total consolidated sales for the three and nine months ended December 31, 2021. No other countries represented 10% or more of the Company’s total consolidated sales for the periods presented herein.

Switzerland, the Company’s home domicile, represented 3% of the Company's total consolidated sales for each of the periods presented herein.

Two customers of the Company each represented 10% or more of the total consolidated sales for each of the periods presented herein.

Property, plant and equipment, net by geographic region were as follows (in thousands):


	December 31, 2021		March 31, 2021
Americas	$	18,071	$	20,810
EMEA	15,245		8,019
Asia Pacific	76,285		85,231
Total property, plant and equipment, net	$	109,601	$	114,060

Property, plant and equipment, net in the United States and China were $17.8 million, $64.1 million, respectively, as of December 31, 2021, and $20.5 million and $74.0 million, respectively, as of March 31, 2021. Property, plant and equipment, net in Switzerland, the Company’s home domicile, were $12.7 million and $5.7 million as of December 31, 2021 and March 31, 2021, respectively. Switzerland represented more than 10% of the Company's total consolidated property, plant and equipment, net as of December 31, 2021. No other countries represented 10% or more of the Company’s total consolidated property, plant and equipment, net as of December 31, 2021 or March 31, 2021.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Restructuring

9 Months Ended

Dec. 31, 2021

Restructuring and Related Activities [Abstract]

Restructuring

During the third quarter of fiscal 2022, as part of the Company's strategic review, the Company decided to cease future product launches under the Jaybird brand within the Audio & Wearables product category. As a result, the Company recorded pre-tax restructuring charges of $1.8 million for the three and nine months ended December 31, 2021, which are included in the condensed consolidated statement of operations as restructuring charges (credits), net. The accrual balances are presented in accrued and other current liabilities in the condensed consolidated balance sheets.

Total charges related to the exit of Jaybird-branded products were $16.3 million, which included restructuring charges and other costs, for the three and nine months ended December 31, 2021. The restructuring charges consisted of $1.3 million, primarily related to costs of production cancellation and $0.5 million related to cash severance and termination benefits. The Company also recorded $7.6 million in cost of goods sold related to write-offs for excess inventories. In addition, as discussed in Note 8, the Company recognized a pre-tax impairment charge of $7.0 million, related to intangible assets acquired as part of the Jaybird acquisition. The Company expects to substantially complete this restructuring within the next twelve months.

The following table presents a rollforward of the restructuring liability for the nine months ended December 31, 2021 (in thousands):


	Termination Benefits		Other		Total
Accrual balance at March 31, 2021	$	—	$	—	$	—
Charges	472		1,287		1,759
Cash payments	—		—		—
Accrual balance at December 31, 2021	$	472	$	1,287	$	1,759

The Company and Summary of Significant Accounting Policies and Estimates (Policies)	9 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The condensed consolidated 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 ("U.S. GAAP") for interim financial information and therefore do not include all the information required by U.S. GAAP for complete financial statements. The condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements for the fiscal year ended March 31, 2021, included in its Annual Report on Form 10-K filed with the Securities and Exchange Commission ("SEC") on May 12, 2021. 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 and nine months ended December 31, 2021 are not necessarily indicative of the results that may be expected for the fiscal year ending March 31, 2022, or any future periods.
Changes in Significant Accounting Policies and Recent Accounting Pronouncements Adopted and Recent Accounting Pronouncements to Be Adopted	Changes in Significant Accounting Policies Other than the recent accounting pronouncements adopted and discussed below under Recent Accounting Pronouncements Adopted, there have been no material changes in the Company’s significant accounting policies during the nine months ended December 31, 2021 compared with the significant accounting policies described in its Annual Report on Form 10-K for the fiscal year ended March 31, 2021. Recent Accounting Pronouncements Adopted In December 2019, the FASB issued ASU 2019-12, "Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes" (ASU 2019-12), which eliminates certain exceptions for recognizing deferred taxes for investments, performing intraperiod allocation and calculating income taxes in interim periods. This ASU also includes guidance to reduce complexity in certain areas, including recognizing deferred taxes for tax goodwill and allocating taxes to members of a consolidated group. ASU 2019-12 is effective for annual and interim periods in fiscal years beginning after December 15, 2020. Early adoption is permitted. The Company adopted this standard effective April 1, 2021. The adoption of ASU 2019-12 did not have a material impact on the Company's condensed consolidated financial statements. Recent Accounting Pronouncements to Be Adopted In October 2021, the FASB issued ASU 2021-08, "Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers" (ASU 2021-08). The standard requires an acquirer in a business combination to recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with ASC 606, Revenue from Contracts with Customers, as if it had originated the contracts. The standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022. Early adoption is permitted. The Company does not expect the adoption of ASU 2021-08 to have a significant impact on its consolidated financial statements and plans to adopt the standard effective April 1, 2023.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. 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. Significant estimates and assumptions made by management involve the fair value of goodwill and intangible assets acquired from business acquisitions, contingent consideration for a business acquisition and periodic reassessment of its fair value, valuation of investment in privately held companies classified under Level 3 fair value hierarchy, pension obligations, accruals for customer incentives, cooperative marketing, and pricing programs and related breakage when appropriate, inventory valuation, 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.
Risks and Uncertainties	Risks and Uncertainties We are subject to risks and uncertainties as a result of the novel coronavirus ("COVID-19"). Capital markets and economies worldwide have been negatively impacted by COVID-19 and it is still unclear how lasting and deep the economic impacts will be. During the three and nine months ended December 31, 2021, the COVID-19 pandemic had mixed effects on the Company’s results of operations. While the Company experienced increased sales for the nine months ended December 31, 2021, compared to the same period of the prior fiscal year, we also experienced supply and demand volatility, as the COVID-19 pandemic and related safety measures and restrictions have evolved differently across the world. In addition, we experienced industry-wide supply chain challenges. The ongoing and full extent of the impact of the COVID-19 pandemic on the Company's business and operational and financial performance and condition, including the sustainability of its effect on trends positive to the Company, is uncertain and will depend on many factors outside the Company's control, including but not limited to the timing, extent, duration and effects of the virus and any of its mutations and variants, the vaccination rates, the development of effective treatments, the imposition of effective public safety and other protective measures and the public's response to such measures, the impact of COVID-19 on the global economy and demand for the Company's products and services. Should the COVID-19 pandemic or global economic slowdown not improve or worsen, or if the Company's attempt to mitigate its impact on its operations and costs is not successful, the Company's business, results of operations, financial condition and prospects may be adversely affected.

Net Income Per Share (Tables)

9 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Schedule of Computations of Basic and Diluted Net Income Per Share

The following table summarizes the computations of basic and diluted net income per share for the three and nine months ended December 31, 2021 and December 31, 2020 (in thousands, except per share amounts):


	Three Months Ended December 31,				Nine Months Ended December 31,
	2021		2020		2021		2020
Net income	$	210,011	$	382,523	$	536,308	$	721,510

Shares used in net income per share computation:
Weighted average shares outstanding - basic	167,090		169,050		167,953		168,448
Effect of potentially dilutive equivalent shares	2,617		3,537		3,074		2,930
Weighted average shares outstanding - diluted	169,707		172,587		171,027		171,378

Net income per share:
Basic	$	1.26	$	2.26	$	3.19	$	4.28
Diluted	$	1.24	$	2.22	$	3.14	$	4.21

Employee Benefit Plans (Tables)

9 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Summary of Share-based Compensation Expenses and Related Tax Benefits Recognized

The following table summarizes the share-based compensation expense and total income tax benefit recognized for share-based awards for the three and nine months ended December 31, 2021 and 2020 (in thousands):


	Three Months Ended December 31,				Nine Months Ended December 31,
	2021		2020		2021		2020
Cost of goods sold	$	1,782	$	1,747	$	5,253	$	4,919
Marketing and selling	10,699		8,390		28,987		27,559
Research and development	4,510		3,482		14,295		10,348
General and administrative	7,801		6,195		23,930		21,888

Total share-based compensation expense	24,792		19,814		72,465		64,714
Income tax benefit	(3,581)		(3,471)		(23,460)		(15,540)
Total share-based compensation expense, net of income tax benefit	$	21,211	$	16,343	$	49,005	$	49,174

Balance Sheet Components (Tables)

9 Months Ended

Dec. 31, 2021

Balance Sheet Related Disclosures [Abstract]

Schedule of Components of Certain Balance Sheet Asset Amounts

The following table presents the components of certain balance sheet asset amounts as of December 31 and March 31, 2021 (in thousands):


	December 31, 2021		March 31, 2021
Accounts receivable, net:
Accounts receivable	$	1,189,206	$	867,868
Allowance for doubtful accounts	(75)		(1,161)
Allowance for sales returns	(15,128)		(14,438)
Allowance for cooperative marketing arrangements	(66,772)		(43,276)
Allowance for customer incentive programs	(125,052)		(76,200)
Allowance for pricing programs	(136,343)		(120,568)
	$	845,836	$	612,225
Inventories:
Raw materials	$	209,647	$	146,886
Finished goods	624,887		514,230
	$	834,534	$	661,116
Other current assets:
Value-added tax receivables	$	56,944	$	67,710
Prepaid expenses and other assets	88,057		67,940
	$	145,001	$	135,650
Property, plant and equipment, net:
Property, plant and equipment at cost	$	451,783	$	417,520
Accumulated depreciation and amortization	(342,182)		(303,460)
	$	109,601	$	114,060
Other assets:
Deferred tax assets	$	196,776	$	210,888
Right-of-use assets	38,997		31,169
Trading investments for deferred compensation plan	29,711		24,809
Investments in privately held companies	43,482		43,402
Other assets	14,639		13,980
	$	323,605	$	324,248

Schedule of Components of Certain Balance Sheet Liability Amounts

The following table presents the components of certain balance sheet liability amounts as of December 31 and March 31, 2021 (in thousands):


	December 31, 2021		March 31, 2021
Accrued and other current liabilities:
Accrued customer marketing, pricing and incentive programs	$	244,821	$	185,394
Accrued personnel expenses	167,249		173,360
VAT payable	41,103		50,620
Accrued sales return liability	37,765		43,178
Accrued payables - non-inventory	29,632		52,392
Warranty accrual	34,121		33,228
Income taxes payable	25,889		131,408

Operating lease liability	13,583		13,101

Contingent consideration	8,580		6,967
Other current liabilities	210,941		168,969
	$	813,684	$	858,617
Other non-current liabilities:
Employee benefit plan obligations	$	74,643	$	72,321
Obligation for deferred compensation plan	29,711		24,809
Operating lease liability	27,464		21,319
Warranty accrual	13,814		15,604
Contingent consideration	3,971		—
Deferred tax liability	1,679		1,679
Other non-current liabilities	4,087		3,770
	$	155,369	$	139,502

Fair Value Measurements (Tables)

9 Months Ended

Dec. 31, 2021

Financial Instruments, Owned, at Fair Value [Abstract]

Schedule of Financial Assets and Liabilities, Classified by Level

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):


	December 31, 2021						March 31, 2021
	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Assets:
Cash equivalents	$	475,187	$	—	$	—	$	669,759	$	—	$	—

Trading investments for deferred compensation plan included in other assets:
Cash	$	349	$	—	$	—	$	31	$	—	$	—
Common stock	2,240		—		—		1,569		—		—
Money market funds	7,117		—		—		6,734		—		—
Mutual funds	20,005		—		—		16,475		—		—
Total of trading investments for deferred compensation plan	$	29,711	$	—	$	—	$	24,809	$	—	$	—

Currency exchange derivative assets included in other current assets	$	—	$	198	$	—	$	—	$	5,452	$	—

Liabilities:
Contingent consideration for business acquisition included in accrued and other current liabilities	$	—	$	—	$	8,042	$	—	$	—	$	6,430
Contingent consideration for business acquisition included in other non-current liabilities	$	—	$	—	$	3,971	$	—	$	—	$	—
Currency exchange derivative liabilities included in accrued and other current liabilities	$	—	$	808	$	—	$	—	$	100	$	—

Change in Fair Value of Contingent Consideration

The following table summarizes the change in the fair value of the Company's contingent consideration balance during the nine months ended December 31, 2021 and 2020 (in thousands):


	Nine Months Ended December 31,
	2021		2020
Beginning of the period	$	6,967	$	23,284
Fair value of contingent consideration upon acquisition (1)	9,973		—
Change in fair value of contingent consideration	(3,509)		5,716
Settlement of contingent consideration	(880)		(28,463)
End of the period (2)	$	12,551	$	537

(1) Fair value of contingent consideration includes the earn-out of the immaterial technology acquisition. See Contingent Consideration for Business Acquisitions section below for more information.

(2) As of June 30, 2020, the earn-out period was completed in connection with our acquisition of General Workings, Inc. ("Streamlabs") (discussed below). The earn-out payment of $29.0 million was based on the actual net sales of Streamlabs services during the earn-out period and was no longer subject to fair value measurement and was accordingly transferred out of Level 3. During the third quarter of fiscal year 2021, $28.5 million of the contingent consideration was transferred from other current liabilities to equity upon settlement of the contingent consideration through the issuance of shares out of treasury stock. The remaining $0.5 million is held back in escrow for claims made against the escrow and for the payment of taxes.

Derivative Financial Instruments (Tables)

9 Months Ended

Dec. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Gains and Losses on Derivative Instruments

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 and nine months ended December 31, 2021 and 2020 (in thousands):


	Three Months Ended December 31,
	Amount of Gain (Loss) Deferred as a Component of Accumulated Other Comprehensive Loss				Amount of Loss (Gain) Reclassified from Accumulated Other Comprehensive Loss to Costs of Goods Sold
	2021		2020		2021		2020

Cash flow hedges	$	1,061	$	(6,326)	$	(3,200)	$	3,446


	Nine Months Ended December 31,
	Amount of Gain (Loss) Deferred as a Component of Accumulated Other Comprehensive Loss				Amount of Loss (Gain) Reclassified from Accumulated Other Comprehensive Loss to Costs of Goods Sold
	2021		2020		2021		2020

Cash flow hedges	$	3,723	$	(9,752)	$	(5,108)	$	5,085

Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Activity In Goodwill Balance

The following table summarizes the activities in the Company’s goodwill balance during the nine months ended December 31, 2021 (in thousands):


As of March 31, 2021	$	429,604

Acquisition	20,721
Effects of foreign currency translation	(1,594)
As of December 31, 2021	$	448,731

Schedule of Intangible Assets Subject to Amortization

The Company's acquired intangible assets subject to amortization were as follows (in thousands):


	December 31, 2021						March 31, 2021
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Trademark and trade names	$	36,790	$	(21,112)	$	15,678	$	46,070	$	(25,153)	$	20,917
Developed technology	119,707		(80,545)		39,162		134,406		(90,450)		43,956
Customer contracts/relationships	71,110		(39,172)		31,938		91,010		(44,261)		46,749
In-process R&D	3,526		—		3,526		3,526		—		3,526
Effects of foreign currency translation	(475)		49		(426)		—		—		—
Total	$	230,658	$	(140,780)	$	89,878	$	275,012	$	(159,864)	$	115,148

Commitments and Contingencies (Tables)

9 Months Ended

Dec. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

Schedule of Changes in Warranty Liability

Changes in the Company’s warranty liability for the three and nine months ended December 31, 2021 and 2020 were as follows (in thousands):


	Three Months Ended December 31,				Nine Months Ended December 31,
	2021		2020		2021		2020
Beginning of the period	$	49,173	$	41,782	$	48,832	$	40,039

Provision	6,962		13,692		23,503		28,575
Settlements	(8,056)		(8,371)		(24,219)		(22,073)
Effects of foreign currency translation	(144)		489		(181)		1,051
End of the period	$	47,935	$	47,592	$	47,935	$	47,592

Shareholders' Equity (Tables)

9 Months Ended

Dec. 31, 2021

Stockholders' Equity Note [Abstract]

Schedule of Components of Accumulated Other Comprehensive Income (Loss)

The accumulated other comprehensive income (loss) was as follows (in thousands):


	Accumulated Other Comprehensive Income (Loss)
	Cumulative Translation Adjustment		Defined Benefit Plan		Deferred Hedging Gains / (Losses)		Total
March 31, 2021	$	(89,461)	$	(23,200)	$	3,746	$	(108,915)
Other comprehensive gains (losses)	(8,682)		(214)		(1,385)		(10,281)
December 31, 2021	$	(98,143)	$	(23,414)	$	2,361	$	(119,196)

Segment Information (Tables)

9 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Schedule of Net Sales by Product Categories, Excluding Intercompany Transactions

Sales by product categories and sales channels, excluding intercompany transactions, for the three and nine months ended December 31, 2021 and 2020 were as follows (in thousands):


	Three Months Ended December 31,				Nine Months Ended December 31,
	2021		2020		2021		2020
Pointing Devices	$	231,090	$	213,638	$	602,982	$	503,228
Keyboards & Combos	281,608		218,269		736,237		565,246
PC Webcams	115,115		131,700		319,504		295,020
Tablet & Other Accessories	82,859		138,052		242,932		267,186
Gaming (1)	469,282		436,426		1,135,456		916,040
Video Collaboration	287,187		292,500		753,725		659,278
Mobile Speakers	56,748		72,566		124,724		145,156
Audio & Wearables	104,280		152,952		318,965		338,592
Smart Home	4,559		10,593		16,380		25,976
Other (2)	54		606		202		632
Total Sales	$	1,632,782	$	1,667,302	$	4,251,107	$	3,716,354

(1) Gaming includes streaming services revenue generated by Streamlabs.

(2) Other includes products that the Company currently intends to phase out, or has already phased out, because they are no longer strategic to the Company's business.

Schedule of Net Sales by Geographic Region

Sales by geographic region (based on the customers’ locations) for the three and nine months ended December 31, 2021 and 2020 were as follows (in thousands):


	Three Months Ended December 31,				Nine Months Ended December 31,
	2021		2020		2021		2020
Americas	$	674,393	$	704,718	$	1,828,474	$	1,603,221
EMEA	552,133		547,044		1,309,542		1,147,393
Asia Pacific	406,256		415,540		1,113,091		965,740
Total sales	$	1,632,782	$	1,667,302	$	4,251,107	$	3,716,354

Schedule of Long-Lived Assets by Geographic Region

Property, plant and equipment, net by geographic region were as follows (in thousands):


	December 31, 2021		March 31, 2021
Americas	$	18,071	$	20,810
EMEA	15,245		8,019
Asia Pacific	76,285		85,231
Total property, plant and equipment, net	$	109,601	$	114,060

Restructuring (Tables)

9 Months Ended

Dec. 31, 2021

Restructuring and Related Activities [Abstract]

Schedule of Rollforward of Restructuring Activities

The following table presents a rollforward of the restructuring liability for the nine months ended December 31, 2021 (in thousands):


	Termination Benefits		Other		Total
Accrual balance at March 31, 2021	$	—	$	—	$	—
Charges	472		1,287		1,759
Cash payments	—		—		—
Accrual balance at December 31, 2021	$	472	$	1,287	$	1,759

Net Income Per Share - Computations of Basic and Diluted Net Income Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Earnings Per Share [Abstract]
Net income	$ 210,011	$ 382,523	$ 536,308	$ 721,510
Shares used in net income per share computation:
Weighted average shares outstanding - basic (in shares)	167,090	169,050	167,953	168,448
Effect of potentially dilutive equivalent shares (in shares)	2,617	3,537	3,074	2,930
Weighted average shares outstanding - diluted (in shares)	169,707	172,587	171,027	171,378
Net income per share:
Basic (in dollars per share)	$ 1.26	$ 2.26	$ 3.19	$ 4.28
Diluted (in dollars per share)	$ 1.24	$ 2.22	$ 3.14	$ 4.21
Anti-dilutive equivalents shares excluded (in shares)	800	300	900	400

Employee Benefit Plans - Share-based Compensation Expenses and Related Tax Benefits Recognized (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Share-based compensation expense and related tax benefit
Total share-based compensation expense	$ 24,792	$ 19,814	$ 72,465	$ 64,714
Income tax benefit	(3,581)	(3,471)	(23,460)	(15,540)
Total share-based compensation expense, net of income tax benefit	21,211	16,343	49,005	49,174
Cost of goods sold
Share-based compensation expense and related tax benefit
Total share-based compensation expense	1,782	1,747	5,253	4,919
Marketing and selling
Share-based compensation expense and related tax benefit
Total share-based compensation expense	10,699	8,390	28,987	27,559
Research and development
Share-based compensation expense and related tax benefit
Total share-based compensation expense	4,510	3,482	14,295	10,348
General and administrative
Share-based compensation expense and related tax benefit
Total share-based compensation expense	$ 7,801	$ 6,195	$ 23,930	$ 21,888

Employee Benefit Plans - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation
Share-based compensation expenses capitalized as inventory			$ 1.1	$ 1.0
Defined benefit plans
Net periodic benefit cost	$ 3.4	$ 2.9	$ 10.0	$ 8.3

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Mar. 31, 2021
Operating Loss Carryforwards [Line Items]
Provision for income taxes	$ 49,345	$ 72,334	$ 107,789	$ 142,638
Effective income tax rates (as a percent)	19.00%	15.90%	16.70%	16.50%
Discrete tax benefits from recognition of excess tax benefits	$ 800	$ 1,300	$ 15,200	$ 7,200
Reversal of uncertain tax positions	1,300	$ 1,400	2,800	$ 2,900
Unrecognized tax benefits	178,600		178,600		$ 160,300
Accrued interest and penalties related to uncertain tax positions	5,700		5,700		4,900
Expected decrease in uncertain tax positions	5,200		5,200
Non-current income tax payable
Operating Loss Carryforwards [Line Items]
Unrecognized tax benefits	$ 85,600		$ 85,600		$ 59,200

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Balance Sheet Components - Components of Certain Balance Sheet Asset Amounts (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Mar. 31, 2021
Accounts receivable, net:
Accounts receivable	$ 1,189,206	$ 867,868
Accounts receivable, net	845,836	612,225
Inventories:
Raw materials	209,647	146,886
Finished goods	624,887	514,230
Inventory, net	834,534	661,116
Other current assets:
Value-added tax receivables	56,944	67,710
Prepaid expenses and other assets	88,057	67,940
Other current assets, total	145,001	135,650
Property, plant and equipment, net:
Property, plant and equipment at cost	451,783	417,520
Accumulated depreciation and amortization	(342,182)	(303,460)
Property, plant and equipment, net	109,601	114,060
Other assets:
Deferred tax assets	196,776	210,888
Right-of-use assets	38,997	31,169
Trading investments for deferred compensation plan	29,711	24,809
Investments in privately held companies	43,482	43,402
Other assets	14,639	13,980
Other assets, total	$ 323,605	324,248
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other assets, total
Allowance for doubtful accounts
Accounts receivable, net:
Valuation allowance for accounts receivable	$ (75)	(1,161)
Allowance for sales returns
Accounts receivable, net:
Valuation allowance for accounts receivable	(15,128)	(14,438)
Allowance for cooperative marketing arrangements
Accounts receivable, net:
Valuation allowance for accounts receivable	(66,772)	(43,276)
Allowance for customer incentive programs
Accounts receivable, net:
Valuation allowance for accounts receivable	(125,052)	(76,200)
Allowance for pricing programs
Accounts receivable, net:
Valuation allowance for accounts receivable	$ (136,343)	$ (120,568)

Balance Sheet Components - Components of Certain Balance Sheet Liability Amounts (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Mar. 31, 2021
Accrued and other current liabilities:
Accrued customer marketing, pricing and incentive programs	$ 244,821	$ 185,394
Accrued personnel expenses	167,249	173,360
VAT payable	41,103	50,620
Accrued sales return liability	37,765	43,178
Accrued payables - non-inventory	29,632	52,392
Warranty accrual	34,121	33,228
Income taxes payable	25,889	131,408
Operating lease liability	13,583	13,101
Contingent consideration	8,580	6,967
Other current liabilities	210,941	168,969
Accrued and other current liabilities	$ 813,684	858,617
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued and other current liabilities
Other non-current liabilities:
Employee benefit plan obligations	$ 74,643	72,321
Obligation for deferred compensation plan	29,711	24,809
Operating lease liability	27,464	21,319
Warranty accrual	13,814	15,604
Contingent consideration	3,971	0
Deferred tax liability	1,679	1,679
Other non-current liabilities	4,087	3,770
Non-current liabilities	$ 155,369	$ 139,502
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Non-current liabilities

Fair Value Measurements - Financial Assets and Liabilities, Classified by Level (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Mar. 31, 2021
Assets:
Trading investments for deferred compensation plan	$ 29,711	$ 24,809
Liabilities:
Contingent consideration for business acquisition included in accrued and other current liabilities	8,580	6,967
Contingent consideration for business acquisition included in other non-current liabilities	3,971	0
Fair Value, Measurements, Recurring \| Level 1
Assets:
Cash equivalents	475,187	669,759
Trading investments for deferred compensation plan	29,711	24,809
Currency exchange derivative assets included in other current assets	0	0
Liabilities:
Contingent consideration for business acquisition included in accrued and other current liabilities	0	0
Contingent consideration for business acquisition included in other non-current liabilities	0	0
Currency exchange derivative liabilities included in accrued and other current liabilities	0	0
Fair Value, Measurements, Recurring \| Level 1 \| Cash
Assets:
Trading investments for deferred compensation plan	349	31
Fair Value, Measurements, Recurring \| Level 1 \| Common stock
Assets:
Trading investments for deferred compensation plan	2,240	1,569
Fair Value, Measurements, Recurring \| Level 1 \| Money market funds
Assets:
Trading investments for deferred compensation plan	7,117	6,734
Fair Value, Measurements, Recurring \| Level 1 \| Mutual funds
Assets:
Trading investments for deferred compensation plan	20,005	16,475
Fair Value, Measurements, Recurring \| Level 2
Assets:
Cash equivalents	0	0
Trading investments for deferred compensation plan	0	0
Currency exchange derivative assets included in other current assets	198	5,452
Liabilities:
Contingent consideration for business acquisition included in accrued and other current liabilities	0	0
Contingent consideration for business acquisition included in other non-current liabilities	0	0
Currency exchange derivative liabilities included in accrued and other current liabilities	808	100
Fair Value, Measurements, Recurring \| Level 2 \| Cash
Assets:
Trading investments for deferred compensation plan	0	0
Fair Value, Measurements, Recurring \| Level 2 \| Common stock
Assets:
Trading investments for deferred compensation plan	0	0
Fair Value, Measurements, Recurring \| Level 2 \| Money market funds
Assets:
Trading investments for deferred compensation plan	0	0
Fair Value, Measurements, Recurring \| Level 2 \| Mutual funds
Assets:
Trading investments for deferred compensation plan	0	0
Fair Value, Measurements, Recurring \| Level 3
Assets:
Cash equivalents	0	0
Trading investments for deferred compensation plan	0	0
Currency exchange derivative assets included in other current assets	0	0
Liabilities:
Contingent consideration for business acquisition included in accrued and other current liabilities	8,042	6,430
Contingent consideration for business acquisition included in other non-current liabilities	3,971	0
Currency exchange derivative liabilities included in accrued and other current liabilities	0	0
Fair Value, Measurements, Recurring \| Level 3 \| Cash
Assets:
Trading investments for deferred compensation plan	0	0
Fair Value, Measurements, Recurring \| Level 3 \| Common stock
Assets:
Trading investments for deferred compensation plan	0	0
Fair Value, Measurements, Recurring \| Level 3 \| Money market funds
Assets:
Trading investments for deferred compensation plan	0	0
Fair Value, Measurements, Recurring \| Level 3 \| Mutual funds
Assets:
Trading investments for deferred compensation plan	$ 0	$ 0

Fair Value Measurements - Change in Fair Value of Contingent Consideration (Details) - USD ($) $ in Thousands			3 Months Ended		9 Months Ended
	Jun. 30, 2020	Oct. 31, 2019	Dec. 31, 2020	Jun. 30, 2020	Dec. 31, 2021	Dec. 31, 2020
Change in Fair Value of Contingent Consideration [Roll Forward]
Beginning of the period				$ 23,284	$ 6,967	$ 23,284
Fair value of contingent consideration upon acquisition					9,973	0
Change in fair value of contingent consideration					(3,509)	5,716
Settlement of contingent consideration			$ (28,500)		(880)	(28,463)
End of the period			537		$ 12,551	$ 537
Amounts held in escrow			500
Streamlabs
Change in Fair Value of Contingent Consideration [Roll Forward]
Change in fair value of contingent consideration				$ 5,700
Settlement of contingent consideration			(28,500)
Future potential earn-out payments	$ 29,000	$ 29,000
Amounts held in escrow			$ 500

Fair Value Measurements - Narrative (Details)						3 Months Ended			9 Months Ended
Fair Value Measurements - Narrative (Details)	May 19, 2021 USD ($) milestone	Feb. 17, 2021 USD ($)	Jan. 04, 2021 USD ($) milestone	Jun. 30, 2020 USD ($)	Oct. 31, 2019 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Jun. 30, 2020 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Mar. 31, 2021 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading investments for deferred compensation plan						$ 29,711,000			$ 29,711,000		$ 24,809,000
Payment of contingent consideration for business acquisition						900,000			880,000	$ 0
Change in fair value of contingent consideration									(3,509,000)	5,716,000
Contingent consideration transferred to equity classification							$ 28,500,000		880,000	28,463,000
Amounts held in escrow							500,000
Equity method investments						40,800,000			40,800,000		40,700,000
Impairment of non-marketable investments						0	0		0	0
Impairment of long-lived assets held-for-use						0	0		0	0
Impairment of intangible assets						7,000,000	0		7,000,000	0
Impairment of non-financial assets						0	0		0	$ 0
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						$ 29,711,000			$ 29,711,000		24,809,000
Small Technology Acquisition
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Future potential earn-out payments	$ 10,000,000		$ 3,000,000
Number of technical development milestones \| milestone	3		2
Mevo
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Future potential earn-out payments		$ 17,000,000
Contingent consideration		$ 3,400,000									$ 3,400,000
Streamlabs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Future potential earn-out payments				$ 29,000,000	$ 29,000,000
Change in fair value of contingent consideration								$ 5,700,000
Contingent consideration transferred to equity classification							28,500,000
Amounts held in escrow							$ 500,000

Derivative Financial Instruments - Gains and Losses on Derivative Instruments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Amounts of gains and losses on the derivative instruments
Amount of Gain (Loss) Deferred as a Component of Accumulated Other Comprehensive Loss	$ 1,061	$ (6,326)	$ 3,723	$ (9,752)
Amount of Loss (Gain) Reclassified from Accumulated Other Comprehensive Loss to Costs of Goods Sold	(3,200)	3,446	(5,108)	5,085
Designated as hedging instruments \| Cash flow hedges
Amounts of gains and losses on the derivative instruments
Amount of Gain (Loss) Deferred as a Component of Accumulated Other Comprehensive Loss	1,061	(6,326)	3,723	(9,752)
Amount of Loss (Gain) Reclassified from Accumulated Other Comprehensive Loss to Costs of Goods Sold	$ (3,200)	$ 3,446	$ (5,108)	$ 5,085

Derivative Financial Instruments - Narrative (Details) - USD ($) $ in Millions	9 Months Ended
	Dec. 31, 2021	Mar. 31, 2021
Derivative [Line Items]
Additional term to recognize derivative loss in Accumulated Other Comprehensive Loss	2 months
Not Designated as Hedging Instrument \| Foreign Exchange Forward And Swap
Derivative [Line Items]
Derivative term of contract	1 month
Derivative, notional amount	$ 251.7	$ 123.8
Foreign Exchange Forward \| Designated as hedging instruments \| Cash flow hedges
Derivative [Line Items]
Derivative term of contract	4 months
Derivative, notional amount	$ 128.1	$ 164.5
Cash flow hedge gains to be reclassified within twelve months	$ 2.4

Goodwill and Other Intangible Assets - Summary of Activity In Goodwill Balance (Details) $ in Thousands			3 Months Ended		9 Months Ended
	May 19, 2021 USD ($) milestone	Jan. 04, 2021 USD ($) milestone	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Goodwill
Balance at the beginning of the period					$ 429,604
Acquisition					20,721
Effects of foreign currency translation					(1,594)
Balance at the end of the period			$ 448,731		448,731
Impairment of intangible assets			$ 7,000	$ 0	$ 7,000	$ 0
Small Technology Acquisition
Goodwill
Payments to acquire business, gross	$ 25,600
Future potential earn-out payments	$ 10,000	$ 3,000
Number of technical development milestones \| milestone	3	2
Total consideration retained (as a percent)	6.00%

Goodwill and Other Intangible Assets - Schedule of Intangible Assets Subject to Amortization (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Mar. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 230,658	$ 275,012
Accumulated Amortization	(140,780)	(159,864)
Net Carrying Amount	89,878	115,148
Effects of foreign currency translation, Gross Carrying Amount	(475)	0
Effects of foreign currency translation, Accumulated Amortization	49	0
Effects of foreign currency translation, Net Carrying Amount	(426)	0
In-process R&D
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	3,526	3,526
Net Carrying Amount	3,526	3,526
Trademark and trade names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	36,790	46,070
Accumulated Amortization	(21,112)	(25,153)
Net Carrying Amount	15,678	20,917
Developed technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	119,707	134,406
Accumulated Amortization	(80,545)	(90,450)
Net Carrying Amount	39,162	43,956
Customer contracts/relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	71,110	91,010
Accumulated Amortization	(39,172)	(44,261)
Net Carrying Amount	$ 31,938	$ 46,749

Financing Arrangements (Details) - USD ($)	Dec. 31, 2021	Mar. 31, 2021
Financing Arrangements
Outstanding borrowings	$ 0	$ 0
Line of Credit
Financing Arrangements
Maximum borrowing capacity	194,400,000
Outstanding bank guarantees	$ 11,800,000

Commitments and Contingencies - Changes in Warranty Liability (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Changes in the warranty liability:
Beginning of the period	$ 49,173	$ 41,782	$ 48,832	$ 40,039
Provision	6,962	13,692	23,503	28,575
Settlements	(8,056)	(8,371)	(24,219)	(22,073)
Effects of foreign currency translation	(144)	489	(181)	1,051
End of the period	$ 47,935	$ 47,592	$ 47,935	$ 47,592

Commitments and Contingencies - Narrative (Details)	Dec. 31, 2021 USD ($)
Indemnification agreement
Other Commitments [Line Items]
Amount accrued for indemnification provisions	$ 0

Shareholders' Equity - Narrative (Details)	1 Months Ended		3 Months Ended	9 Months Ended
Shareholders' Equity - Narrative (Details)	Apr. 30, 2021 USD ($)	May 31, 2020 USD ($) shares	Dec. 31, 2021 USD ($) $ / shares	Dec. 31, 2021 USD ($) $ / shares	Dec. 31, 2021 USD ($) SFr / shares	Dec. 31, 2020 USD ($) $ / shares	Dec. 31, 2020 SFr / shares	Mar. 31, 2017 USD ($) shares
Class of Stock [Line Items]
Cash dividends per share (in dollars per share) \| (per share)			$ 0.95	$ 0.95	SFr 0.87	$ 0.87	SFr 0.79
Payment of cash dividends				$ 159,410,000		$ 146,705,000
March 2017
Class of Stock [Line Items]
Authorized amount in buyback program								$ 250,000,000
Shares authorized to be repurchased (in shares) \| shares								17,300,000
May 2020
Class of Stock [Line Items]
Authorized amount in buyback program		$ 250,000,000
Shares authorized to be repurchased (in shares) \| shares		17,300,000
Period to complete share repurchase program		3 years
Increase in authorized amount	$ 750,000,000
Amount available for repurchase			$ 545,000,000.0	$ 545,000,000.0	SFr 545,000,000.0
April 2021
Class of Stock [Line Items]
Authorized amount in buyback program	$ 1,000,000,000

Shareholders' Equity - Components of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss)
Beginning of the period	$ 2,262,683	$ 1,705,963	$ 2,261,789	$ 1,489,268
Other comprehensive gains (losses)	(8,177)	15,935	(10,281)	17,743
End of the period	2,367,942	2,101,767	2,367,942	2,101,767
Total
Accumulated Other Comprehensive Income (Loss)
Beginning of the period	(111,019)	(118,852)	(108,915)	(120,660)
End of the period	(119,196)	$ (102,917)	(119,196)	$ (102,917)
Cumulative Translation Adjustment
Accumulated Other Comprehensive Income (Loss)
Beginning of the period			(89,461)
Other comprehensive gains (losses)			(8,682)
End of the period	(98,143)		(98,143)
Defined Benefit Plan
Accumulated Other Comprehensive Income (Loss)
Beginning of the period			(23,200)
Other comprehensive gains (losses)			(214)
End of the period	(23,414)		(23,414)
Deferred Hedging Gains / (Losses)
Accumulated Other Comprehensive Income (Loss)
Beginning of the period			3,746
Other comprehensive gains (losses)			(1,385)
End of the period	$ 2,361		$ 2,361

- Definition

Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
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-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/exampleRef
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-Name Accounting Standards Codification
-Topic 852
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-Section 55
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-URI http://asc.fasb.org/extlink&oid=84165509&loc=d3e56426-112766

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-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

+ Details

Segment Information - Net Sales by Product Categories, Excluding Intercompany Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Net sales	$ 1,632,782	$ 1,667,302	$ 4,251,107	$ 3,716,354
Pointing Devices
Segment Reporting Information [Line Items]
Net sales	231,090	213,638	602,982	503,228
Keyboards & Combos
Segment Reporting Information [Line Items]
Net sales	281,608	218,269	736,237	565,246
PC Webcams
Segment Reporting Information [Line Items]
Net sales	115,115	131,700	319,504	295,020
Tablet & Other Accessories
Segment Reporting Information [Line Items]
Net sales	82,859	138,052	242,932	267,186
Gaming
Segment Reporting Information [Line Items]
Net sales	469,282	436,426	1,135,456	916,040
Video Collaboration
Segment Reporting Information [Line Items]
Net sales	287,187	292,500	753,725	659,278
Mobile Speakers
Segment Reporting Information [Line Items]
Net sales	56,748	72,566	124,724	145,156
Audio & Wearables
Segment Reporting Information [Line Items]
Net sales	104,280	152,952	318,965	338,592
Smart Home
Segment Reporting Information [Line Items]
Net sales	4,559	10,593	16,380	25,976
Other
Segment Reporting Information [Line Items]
Net sales	$ 54	$ 606	$ 202	$ 632

Segment Information - Net Sales and Long-Lived Assets by Geographic Region (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Mar. 31, 2021
Net sales to unaffiliated customers and long-lived assets by geographic region
Net sales	$ 1,632,782	$ 1,667,302	$ 4,251,107	$ 3,716,354
Property, plant and equipment, net	109,601		109,601		$ 114,060
Americas
Net sales to unaffiliated customers and long-lived assets by geographic region
Net sales	674,393	704,718	1,828,474	1,603,221
Property, plant and equipment, net	18,071		18,071		20,810
EMEA
Net sales to unaffiliated customers and long-lived assets by geographic region
Net sales	552,133	547,044	1,309,542	1,147,393
Property, plant and equipment, net	15,245		15,245		8,019
Asia Pacific
Net sales to unaffiliated customers and long-lived assets by geographic region
Net sales	406,256	$ 415,540	1,113,091	$ 965,740
Property, plant and equipment, net	$ 76,285		$ 76,285		$ 85,231

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

Segment Information - Narrative (Details) $ in Thousands	3 Months Ended		9 Months Ended
Segment Information - Narrative (Details) $ in Thousands	Dec. 31, 2021 USD ($)	Dec. 31, 2020	Dec. 31, 2021 USD ($) segment	Dec. 31, 2020	Mar. 31, 2021 USD ($)
Segment Reporting Information [Line Items]
Number of operating segments \| segment			1
Long lived assets	$ 109,601		$ 109,601		$ 114,060
Switzerland
Segment Reporting Information [Line Items]
Long lived assets	12,700		12,700		5,700
United States
Segment Reporting Information [Line Items]
Long lived assets	17,800		17,800		20,500
China
Segment Reporting Information [Line Items]
Long lived assets	$ 64,100		$ 64,100		$ 74,000
Geographic Concentration \| Consolidated net sales from continuing operations \| Switzerland
Segment Reporting Information [Line Items]
Percentage of consolidated net sales	3.00%	3.00%	3.00%	3.00%

Restructuring - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Restructuring Cost and Reserve [Line Items]
Restructuring charges (credits), net	$ 1,759	$ 0	$ 1,770	$ (54)
Impairment of intangible assets	7,000	$ 0	7,000	$ 0
Discontinued Operations
Restructuring Cost and Reserve [Line Items]
Restructuring charges (credits), net	1,800		1,759
Total restructuring charges	16,300		16,300
Inventory write-offs in cost of goods sold	7,600		7,600
Impairment of intangible assets	7,000		7,000
Purchase Order Cancellation Fees \| Discontinued Operations
Restructuring Cost and Reserve [Line Items]
Restructuring charges (credits), net	1,300		1,300
Termination Benefits \| Discontinued Operations
Restructuring Cost and Reserve [Line Items]
Restructuring charges (credits), net	$ 500		$ 472

Restructuring - Schedule of Rollforward of Restructuring Activities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Restructuring Reserve [Roll Forward]
Charges	$ 1,759	$ 0	$ 1,770	$ (54)
Discontinued Operations
Restructuring Reserve [Roll Forward]
Beginning balance			0
Charges	1,800		1,759
Cash payments			0
Ending balance	1,759		1,759
Termination Benefits \| Discontinued Operations
Restructuring Reserve [Roll Forward]
Beginning balance			0
Charges	500		472
Cash payments			0
Ending balance	472		472
Other \| Discontinued Operations
Restructuring Reserve [Roll Forward]
Beginning balance			0
Charges			1,287
Cash payments			0
Ending balance	$ 1,287		$ 1,287