Quarterly report pursuant to Section 13 or 15(d)

Derivative Instruments and Hedging Activities

v2.4.0.8
Derivative Instruments and Hedging Activities
3 Months Ended
Sep. 30, 2013
衍生工具和对冲活动披露[摘要]
Derivative Instruments and Hedging Activities
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
The authoritative guidance requires companies to recognize all derivative instruments and hedging activities, including foreign currency exchange contracts, as either assets or liabilities at fair value on the balance sheet. Changes in the fair value of derivatives that do not qualify for hedge treatment, as well as the ineffective portion of any hedges, are reflected in the Condensed Consolidated Statement of Operations. In accordance with the guidance, the Company designates foreign currency forward exchange and option contracts as cash flow hedges of certain forecasted foreign currency denominated sales and purchase transactions.
KLA-Tencor’s foreign subsidiaries operate and sell KLA-Tencor’s products in various global markets. As a result, KLA-Tencor is exposed to risks relating to changes in foreign currency exchange rates. KLA-Tencor utilizes foreign currency forward exchange contracts and option contracts to hedge against future movements in foreign exchange rates that affect certain existing and forecasted foreign currency denominated sales and purchase transactions, such as the Japanese yen, the euro and the Israeli new shekel. The Company routinely hedges its exposures to certain foreign currencies with various financial institutions in an effort to minimize the impact of certain currency exchange rate fluctuations. These currency forward exchange contracts and options, designated as cash flow hedges, generally have maturities of less than 18个月 . Cash flow hedges are evaluated for effectiveness monthly, based on changes in total fair value of the derivatives. If a financial counterparty to any of the Company’s hedging arrangements experiences financial difficulties or is otherwise unable to honor the terms of the foreign currency hedge, the Company may experience material losses.
对于被指定并有资格为现金流对冲的衍生工具，报告衍生工具的有效部分或损失的有效部分被报告为累积其他综合收入（损失）（“ OCI”）的组成部分，并在同一时期重新分类为收益或对冲交易影响收入的期限。货币远期交换的公允价值变化和由于时间价值变化而导致的期权合同的变化被排除在有效性评估之外。在当前收入中确认了代表对冲无效性或从有效性评估中排除的对冲组成部分的衍生品的收益和损失。
For derivative instruments that are not designated as accounting hedges, gains and losses are recognized in interest income and other, net. The Company uses foreign currency forward contracts to hedge certain foreign currency denominated assets or liabilities. The gains and losses on these derivatives are largely offset by the changes in the fair value of the assets or liabilities being hedged.
Derivatives in Cash Flow Hedging Relationships: Foreign Exchange Contracts
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:
Three months ended
September 30,
（成千上万个）
Location in Financial Statements
2013
2012
指定为对冲乐器的衍生物
累积的OCI在衍生物上的收益（有效部分）
Accumulated OCI
$
（291
)
$
(241
)
Gains (losses) reclassified from accumulated OCI into income (effective portion):
收入
$
2,450

$
(491
)
Costs of revenues
66

（601
)
Total gains (losses) reclassified from accumulated OCI into income (effective portion)
$
2,516

$
(1,092
)
Gains recognized in income on derivatives (ineffectiveness portion and amount excluded from effectiveness testing)
Interest income and other, net
$
(18
)
$
51

未指定为对冲乐器的衍生物
收入认可的收益（损失）
Interest income and other, net
$
2,626

$
673


美元等同于所有未偿还的对冲合同，最高到期 13个月 , as of the dates indicated below was as follows:
（成千上万个）
作为
September 30, 2013
作为
June 30, 2013
现金流对冲合同
Purchase
$
9,000

$
14,641

Sell
$
60,234

$
35,178

Other foreign currency hedge contracts
Purchase
$
111,360

$
99,175

Sell
$
68,419

$
97,901


从下面指出的日期开始，公司在其凝结的合并资产负债表中报告的衍生工具的位置和公允价值金额如beplay官网ued下：
Asset Derivatives
Liability Derivatives
Balance Sheet Location
作为
September 30, 2013
作为
June 30, 2013
Balance Sheet Location
作为
September 30, 2013
作为
June 30, 2013
（成千上万个）
Fair Value
Fair Value
Derivatives designated as hedging instruments
外汇合同
Other current assets
$
282

$
362

其他流动负债
$
505

$
384

Total derivatives designated as hedging instruments
$
282

$
362

$
505

$
384

未指定为对冲乐器的衍生物
外汇合同
Other current assets
$
903

$
3,654

其他流动负债
$
940

$
1,789

Total derivatives not designated as hedging instruments
$
903

$
3,654

$
940

$
1,789

Total derivatives
$
1,185

$
4,016

$
1,445

$
2,173


The following table provides the balances and changes in accumulated other comprehensive income (loss), before taxes, related to derivative instruments for the indicated periods:
Three months ended
September 30,
（成千上万个）
2013
2012
开始平衡
$
2,484

$
（962
)
Amount reclassified to income
(2,516
)
1,092

Net change
（291
)
(241
)
Ending balance
$
(323
)
$
(111
)

抵消的衍生品资产和负债
KLA-Tencor presents derivatives at gross fair values in the Condensed Consolidated Balance Sheet. The Company has entered into arrangements with each of its counterparties, which reduce credit risk by permitting net settlement of transactions with the same counterparty under certain conditions. As of September 30, 2013 和 June 30, 2013 , information related to the offsetting arrangements was as follows (in thousands):
截至2013年9月30日
Gross Amounts Not Offset in the Consolidated Balance Sheet
Description
Gross Amounts of Recognized Assets
Gross Amounts Offset in the Consolidated Balance Sheets
合并资产负债表中显示的净额
金融工具
收到现金抵押品
Net Amount
Derivatives - Assets
$
1,185

$
—

$
1,185

$
(1,139
)
$
—

$
46

Derivatives - Liabilities
$
（1,445
)
$
—

$
（1,445
)
$
1,139

$
—

$
(306
)
作为June 30, 2013
Gross Amounts Not Offset in the Consolidated Balance Sheet
Description
Gross Amounts of Recognized Assets
Gross Amounts Offset in the Consolidated Balance Sheets
合并资产负债表中显示的净额
金融工具
收到现金抵押品
Net Amount
Derivatives - Assets
$
4,016

$
—

$
4,016

$
(1,520
)
$
—

$
2,496

Derivatives - Liabilities
$
(2,173
)
$
—

$
(2,173
)
$
1,520

$
—

$
(653
)
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