LOGITECH INTERNATIONAL SA
For the period ended Mar 31, 2024. Filed May 16, 2024.
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FY2024 · Filed May 16, 2024
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Schedule II—Valuation and Qualifying Accounts
Schedule II
VALUATION AND QUALIFYING ACCOUNTS
For the Fiscal Years Ended March 31, 2024, 2023 and 2022 (in thousands)
The Company's Schedule II includes valuation and qualifying accounts related to allowances for doubtful accounts, sales returns, cooperative marketing arrangements, customer incentive programs, and pricing programs, for direct customers and tax valuation allowances. The Company also has sales incentive programs for indirect customers with whom it does not have a direct sales and receivable relationship. These programs are recorded as accrued liabilities and are not considered valuation or qualifying accounts.
| Balance atBeginning ofYear · Charged(Credited) to Statement ofOperations (1) · Claims andAdjustmentsApplied AgainstAllowances (1) · Balance atEnd ofYear | ||||
|---|---|---|---|---|
| Allowance for doubtful accounts: | ||||
| 2024 | $86 | $(86) | $— | $— |
| 2023 | $2,212 | $(2,019) | $(107) | $86 |
| 2022 | $1,161 | $1,691 | $(640) | $2,212 |
| Allowance for sales returns: | ||||
| 2024 | $10,146 | $141,995 | $(141,961) | $10,180 |
| 2023 | $12,321 | $157,619 | $(159,794) | $10,146 |
| 2022 | $14,438 | $162,381 | $(164,498) | $12,321 |
| Allowance for cooperative marketing arrangements: | ||||
| 2024 | $40,495 | $232,837 | $(231,698) | $41,634 |
| 2023 | $56,372 | $262,363 | $(278,240) | $40,495 |
| 2022 | $43,276 | $286,116 | $(273,020) | $56,372 |
| Allowance for customer incentive programs: | ||||
| 2024 | $71,645 | $299,351 | $(310,969) | $60,027 |
| 2023 | $97,460 | $329,666 | $(355,481) | $71,645 |
| 2022 | $76,200 | $348,072 | $(326,812) | $97,460 |
| Allowance for pricing programs: | ||||
| 2024 | $98,822 | $707,954 | $(715,496) | $91,280 |
| 2023 | $120,797 | $784,835 | $(806,810) | $98,822 |
| 2022 | $120,568 | $885,228 | $(884,999) | $120,797 |
| Tax valuation allowance: | ||||
| 2024 | $30,766 | $4,770 | $— | $35,536 |
| 2023 | $29,858 | $908 | $— | $30,766 |
| 2022 | $28,926 | $887 | $45 | $29,858 |
(1) The amounts for fiscal years 2024, 2023 and 2022 include immaterial impacts from the business acquisitions during the year.
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