Shareholders' Equity

6 Months Ended

Sep. 30, 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 September 30, 2021, $661.0 million is still available for repurchase under the 2020 repurchase program.

Dividends

During the three and six months ended September 30, 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 three and six months ended September 30, 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 Losses		Total
March 31, 2021	$	(89,461)	$	(23,200)	$	3,746	$	(108,915)
Other comprehensive income (loss)	(2,876)		18		754		(2,104)
September 30, 2021	$	(92,337)	$	(23,182)	$	4,500	$	(111,019)