Quarterly report pursuant to Section 13 or 15(d)

Derivative Instruments and Hedging Activities

v2.4.0.8
Derivative Instruments and Hedging Activities
6 Months Ended
2013年12月31日
衍生工具和套期保值活动披露[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的外国子公司在各种全球市场运营和销售KLA-Tencor的产品。因此，KLA-Tencor暴露于与外币汇率变化有关的风险。KLA-Tencor利用外汇前销交换合同和期权合同对冲对对冲影响某些现有和预测的外币计值和购买交易（如日元，欧元，台商和以色列新）的外汇汇率的未来运动谢克尔。该公司定beplay官网ued期向某些外币撤销各种金融机构的曝光，以尽量减少某些货币汇率波动的影响。这些货币正向交换合同和选项，被指定为现金流套期保值，通常具有少于的情况 18 months 。现金流量套期保值有效性的评估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.
For derivative instruments that are designated and qualify as cash flow hedges, the effective portion of the gains or losses on the derivative is reported as a component of accumulated other comprehensive income (loss) (“OCI”) and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Changes in the fair value of currency forward exchange and option contracts due to changes in time value are excluded from the assessment of effectiveness. Gains and losses on the derivative representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness are recognized in current earnings.
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
12月31日，
六个月结束了
12月31日，
（成千上万）
Location in Financial Statements
2013
2012
2013
2012
指定为套期保值仪器的衍生品
衍生物上积累的OCI（有效部分）收益
Accumulated OCI
$
3,864

$
2,242

$
3,573

$
2,001

Gains (losses) reclassified from accumulated OCI into income (effective portion):
收入
$
(128
)
$
(82
)
$
2,322

$
(574
)
Costs of revenues
150

210.

216.

(390
)
Total gains (losses) reclassified from accumulated OCI into income (effective portion)
$
22

$
128

$
2,538

$
(964
)
Gains (losses) recognized in income on derivatives (ineffective portion and amount excluded from effectiveness testing)
Interest income and other, net
$
44

$
(40
)
$
26

$
11

未指定为对冲仪器的衍生品
Gains recognized in income
Interest income and other, net
$
2,722

$
9,220

$
5,348

$
9,894


美国美元相当于所有未突出的对冲合约金额，最高成熟 13个月 , as of the dates indicated below was as follows:
（成千上万）
作为
12月31日，2013
作为
June 30, 2013
现金流量对冲合约
Purchase
$
20,288

$
14,641

Sell
$
69,197

$
35,178

Other foreign currency hedge contracts
Purchase
$
101,064

$
99,175

Sell
$
68,876

$
97,901


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:
Asset Derivatives
Liability Derivatives
Balance Sheet Location
作为
12月31日，2013
作为
June 30, 2013
Balance Sheet Location
作为
12月31日，2013
作为
June 30, 2013
（成千上万）
Fair Value
Fair Value
Derivatives designated as hedging instruments
外汇合同
Other current assets
$
3,199

$
362

其他目前的负债
$
3

$
384

Total derivatives designated as hedging instruments
$
3,199

$
362

$
3

$
384

Derivatives not designated as hedging instruments
外汇合同
Other current assets
$
2,385

$
3,654

其他目前的负债
$
705

$
1,789

Total derivatives not designated as hedging instruments
$
2,385

$
3,654

$
705

$
1,789

Total derivatives
$
5,584

$
4,016

$
708

$
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
12月31日，
六个月结束了
12月31日，
（成千上万）
2013
2012
2013
2012
Beginning balance
$
(323
)
$
(111
)
$
2,484

$
(962
)
Amount reclassified to income
(22
)
(128
)
(2,538
)
964

Net change
3,864

2,242

3,573

2,001

Ending balance
$
3,519

$
2,003

$
3,519

$
2,003


抵消的衍生品资产和负债
KLA-Tencor presents derivatives at gross fair values in the Condensed Consolidated Balance Sheets. 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 12月31日，2013 和 June 30, 2013 , information related to the offsetting arrangements was as follows (in thousands):
作为12月31日，2013
总衍生物的数量Not Offset in the Consolidated Balance Sheets
Description
总衍生物的数量
总衍生物的数量Offset in the Consolidated Balance Sheets
Net Amount of Derivatives Presented in the Consolidated Balance Sheets
Financial Instruments
收到现金抵押品
Net Amount
Derivatives - Assets
$
5,584

$
—

$
5,584

$
(708
)
$
—

$
4,876

Derivatives - Liabilities
$
(708
)
$
—

$
(708
)
$
708

$
—

$
—

作为June 30, 2013
总衍生物的数量Not Offset in the Consolidated Balance Sheets
Description
总衍生物的数量
总衍生物的数量Offset in the Consolidated Balance Sheets
Net Amount of Derivatives Presented in the Consolidated Balance Sheets
Financial Instruments
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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