05.134.2015 - Logitech Confirms Lifesize Non-Cash Accounting Charge for Fiscal Year 2015

Dateline City: NEWARK, Calif. & LAUSANNE, Switzerland NEWARK, Calif. & LAUSANNE, Switzerland--(BUSINESS WIRE)--Logitech International (SIX:LOGN) (Nasdaq:LOGI) today announced that, based on a third party valuation report, it will take a non-cash, non-tax-deductible goodwill impairment charge related to the acquisition of Lifesize. As communicated in April 2015, Logitech has been evaluating the goodwill associated with Lifesize. This charge is expected to be between $100 million and $123 million in the fourth quarter of Fiscal Year 2015. Language: English Contact: Logitech InternationalJoe GreenhalghVice President, Investor Relations – USA510-713-4430orKrista ToddVice President, Communications – USA510-713-5834orBen StarkieCorporate Communications – Europe+41-(0) 79-292-3499 Ticker Slug: Ticker: LOGN Exchange: SWX Ticker: LOGI Exchange: NASDAQ read more - View Press Release - Visit Logitech, Inc.