FORWARD LOOKING STATEMENTS
Today's presentations include forward-looking statements within the meaning of the U.S. federal securities laws, including, without limitation, a forecast of FY 16 and FY 17 financial results, a long-range financial target outlook, a long-term business model, market and product category expectations, product and program launches, and other financial and business activity. These statements are subject to risks and uncertainties that may cause actual results and events to differ materially. These risks and uncertainties are detailed in Logitech’s filings with the Securities and Exchange Commission, including its Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2015 and its Annual Report on Form 10-K for the fiscal year ended March 31, 2015, available at www.sec.gov, under the caption Risk Factors and elsewhere. Logitech does not undertake any obligation to update any forward-looking statements to reflect new information or events or circumstances occurring after the date of today’s presentations.
To facilitate comparisons to Logitech’s historical results, Logitech has included non-GAAP adjusted measures in today’s presentations, which exclude primarily share-based compensation expense, amortization of other intangible assets, restructuring charges (credits), other restructuring-related charges, investment impairment (recovery), and one-time special charges. Historical GAAP and corresponding non-GAAP measures are provided with our earnings releases and presentations in the Investors section of Logitech’s website. For purposes of today’s presentations, Logitech provides non-GAAP financial information for its Retail (excluding OEM and Lifesize) categories that includes approximations for cost and profitability estimates. Logitech also presents percentage sales growth in constant currency (“CC”), a non-GAAP measure, to show performance unaffected by fluctuations in currency exchange rates. Percentage sales growth in constant currency is calculated by translating prior period sales in each local currency at the current period’s average exchange rate for that currency and comparing that to current period sales. Logitech believes this information will help investors to evaluate its current period performance, outlook and trends in its business. For historical financials provided in today’s presentations, reconciliation between non-GAAP amounts and GAAP amounts is provided on the Investors page of Logitech’s website, together with the presentations. With respect to financial outlook, most of the excluded amounts pertain to events that have not yet occurred and are not currently possible to estimate with a reasonable degree of accuracy. Therefore, no reconciliation to GAAP amounts has been provided for non-GAAP outlook.
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