LOGITECH INTERNATIONAL S.A.LOGI

LOGITECH INTERNATIONAL S.A. Goodwill & Intangibles Disclosure

10-KFiled May 21, 20262 min read
Goodwill and Other Intangible Assets
The Company conducts its impairment analysis of goodwill annually at December 31 or more frequently 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 as of December 31, 2025 by performing a qualitative assessment and concluded that it was more likely than not that the fair value of its reporting unit exceeded its carrying amount. There have been no triggering events identified affecting the valuation of goodwill subsequent to the annual impairment test.
The following table summarizes the activities in the Company's goodwill balance (in thousands):
 Years Ended March 31,
 20262025
Beginning of the period$463,230 $461,978 
Effects of foreign currency translation2,187 1,252 
End of the period$465,417 $463,230 
The Company's acquired intangible assets were as follows (in thousands):
 March 31,
 20262025
 Gross Carrying AmountAccumulated
Amortization		Net Carrying AmountGross Carrying AmountAccumulated
Amortization		Net Carrying Amount
Trademarks and trade names$32,390 $(30,569)$1,821 $32,390 $(28,675)$3,715 
Developed technology107,550 (103,307)4,243 107,421 (96,464)10,957 
Customer contracts/relationships69,087 (63,021)6,066 69,087 (58,646)10,441 
Effects of foreign currency translation1,218 (962)256 (620)137 (483)
Total$210,245 $(197,859)$12,386 $208,278 $(183,648)$24,630 
For fiscal years 2026, 2025 and 2024, amortization expense for intangible assets was $13.3 million, $20.1 million and $21.7 million, respectively. The Company expects that annual amortization expense for fiscal years 2027, 2028, 2029 and 2030 will be $5.9 million, $4.3 million, $1.9 million, and $0.3 million, respectively. The remaining balance of the Company's intangible assets will be fully amortized by 2030.

Historical Timeline

Fiscal YearFiled
2026May 21, 2026Showing above
2025May 23, 2025
2024May 16, 2024
2023May 17, 2023
2022May 18, 2022
2021May 12, 2021
2020May 27, 2020
2019May 17, 2019
2018May 21, 2018
2017May 26, 2017
2016May 23, 2016

About Goodwill & Intangibles Disclosures

Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.

Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.

Other Available Disclosures

Income TaxesRevenueEarnings Per ShareFair ValueLeasesSegmentsDebtCommitmentsStock CompensationNew Standards