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Derivative Instruments and Hedging Activities (Tables)
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6 Months Ended |
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Dec. 31, 2015 |
| Derivative Instruments and Hedging Activities Disclosure [Abstract] |
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| Schedule of Derivative Instruments, Location, Designated and Non-Designated, Gains (Losses) |
The locations and amounts of designated and non-designated derivative instruments’ gains and losses reported in the condensed consolidated financial statements for the indicated periods were as follows:
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Three months ended
December 31,
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Six months ended
December 31,
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(In thousands)
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Location in Financial Statements
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2015
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2014
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2015
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2014
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Derivatives Designated as Hedging Instruments
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Gains (losses) in accumulated OCI on derivatives (effective portion)
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Accumulated OCI
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$
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707
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$
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11,924
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$
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(1,154
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)
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$
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13,957
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Gain
s (losses)
reclassified from accumulated OCI into income (effective portion):
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Revenues
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$
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324
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$
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1,933
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$
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1,009
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$
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2,202
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Costs of revenues
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(678
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)
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(475
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)
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(1,150
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)
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(516
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)
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Interest expense
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189
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126
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378
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126
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Net gains reclassified from accumulated OCI into income (effective portion)
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$
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(165
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)
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$
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1,584
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$
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237
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$
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1,812
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Gains
(losses) r
ecognized in income on derivatives (ineffective portion and amount excluded from effectiveness testing)
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Other expense (income), net
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$
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(273
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)
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$
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77
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$
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(399
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)
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$
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120
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Derivatives Not Designated as Hedging Instruments
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Gains
(losses)
recognized in income
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Other expense (income), net
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$
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747
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$
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7,187
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$
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(5,635
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)
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$
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11,112
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Loss on extinguishment of debt and other, net
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$
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—
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$
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1,180
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$
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—
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$
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1,180
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| Schedule of Notional Amounts of Derivatives Outstanding |
The U.S. dollar equivalent of all outstanding notional amounts of hedge contracts, with maximum maturity of approximately
10 months
, as of the dates indicated below was as follows:
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(In thousands)
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As of
December 31, 2015
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As of
June 30, 2015
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Cash flow hedge contracts
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Purchase
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$
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12,163
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$
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32,775
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Sell
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$
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88,569
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$
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88,800
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Other foreign currency hedge contracts
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Purchase
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$
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93,310
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$
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64,012
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Sell
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$
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151,330
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$
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123,091
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| Schedule of Derivative Instruments, Fair Value |
The locations and fair value amounts of the Company’s derivative instruments reported in its Condensed Consolidated Balance Sheets as of the dates indicated below were as follows:
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Asset Derivatives
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Liability Derivatives
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Balance Sheet Location
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As of
December 31, 2015
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As of
June 30, 2015
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Balance Sheet Location
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As of
December 31, 2015
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As of
June 30, 2015
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(In thousands)
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Fair Value
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Fair Value
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Derivatives designated as hedging instruments
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Foreign exchange contracts
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Other current assets
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$
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511
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$
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1,722
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Other current liabilities
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$
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1,009
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$
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1,920
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Total derivatives designated as hedging instruments
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$
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511
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$
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1,722
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$
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1,009
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$
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1,920
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Derivatives not designated as hedging instruments
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Foreign exchange contracts
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Other current assets
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$
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517
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$
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1,342
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Other current liabilities
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$
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3,083
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$
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1,186
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Total derivatives not designated as hedging instruments
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$
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517
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$
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1,342
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$
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3,083
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$
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1,186
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Total derivatives
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$
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1,028
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$
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3,064
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$
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4,092
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$
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3,106
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| Balances and Changes in Accumulated Other Comprehensive Income Related to Derivative Instruments |
The following table provides the balances and changes in accumulated OCI, before taxes, related to derivative instruments for the indicated periods:
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Three months ended
December 31,
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Six months ended
December 31,
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(In thousands)
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2015
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2014
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2015
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2014
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Beginning balance
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$
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4,847
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$
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1,785
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$
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7110年
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$
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(20
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Amount reclassified to income
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165
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(1,584
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)
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(237
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(1,812
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Net change in unrealized gains or losses
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707
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11,924
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(1,154
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13,957
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Ending balance
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$
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5,719
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$
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12,125
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$
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5,719
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$
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12,125
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| Offsetting of Assets and Liabilities |
As of
December 31, 2015
and
June 30, 2015
遗传代数、信息ed to the offsetting arrangements was as follows (in thousands):
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As of December 31, 2015
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总数量的衍生品没有抵消反面densed Consolidated Balance Sheets
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Description
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Gross Amounts of Derivatives
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Gross Amounts of Derivatives Offset in the Condensed Consolidated Balance Sheets
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Net Amount of Derivatives Presented in the Condensed Consolidated Balance Sheets
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Financial Instruments
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Cash Collateral Received
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Net Amount
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Derivatives - Assets
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$
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1,028
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$
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—
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$
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1,028
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$
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(1,028
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)
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$
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—
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$
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—
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Derivatives - Liabilities
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$
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(4,092
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)
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$
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—
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$
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(4,092
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$
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1,028
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$
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—
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$
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(3,064
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)
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As of June 30, 2015
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总数量的衍生品没有抵消反面densed Consolidated Balance Sheets
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Description
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Gross Amounts of Derivatives
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Gross Amounts of Derivatives Offset in the Condensed Consolidated Balance Sheets
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Net Amount of Derivatives Presented in the Condensed Consolidated Balance Sheets
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Financial Instruments
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Cash Collateral Received
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Net Amount
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Derivatives - Assets
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$
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3,064
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$
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—
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$
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3,064
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$
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(2,809
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)
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$
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—
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$
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255
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Derivatives - Liabilities
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$
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(3,106
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)
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$
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—
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$
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(3,106
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)
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$
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2,809
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$
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—
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$
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(297
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)
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