Annual report pursuant to Section 13 and 15(d)

公允价值测量

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公允价值测量
12 Months Ended
Jun. 30, 2013
公允价值测量[摘要]
公允价值测量
FAIR VALUE MEASUREMENTS
The Company’s financial assets and liabilities are measured and recorded at fair value, except for equity investments in privately-held companies. These equity investments are generally accounted for under the cost method of accounting and are periodically assessed for other-than-temporary impairment when an event or circumstance indicates that an other-than-temporary decline in value may have occurred. The Company’s non-financial assets, such as goodwill, intangible assets, and land, property and equipment, are recorded at cost and are assessed for impairment when an event or circumstance indicates that an other-than-temporary decline in value may have occurred.
金融工具的公允价值。 KLA-Tencor has evaluated the estimated fair value of financial instruments using available market information and valuations as provided by third-party sources. The use of different market assumptions and/or estimation methodologies could have a significant effect on the estimated fair value amounts. The fair value of the Company's cash equivalents, accounts receivable, accounts payable and other current liabilities approximate their carrying amounts due to the relatively short maturity of these items.
公允价值层次结构。 The authoritative guidance for fair value measurements establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described below:
Level 1
基于活跃市场的报价价格的估值，该实体具有访问能力的相同资产或负债。
Level 2
基于类似资产或负债的报价价格的估值，不活跃的市场中的报价价格，或者可以观察到的其他投入，或者可以通过可观察到的数据来证实，以实质性的资产或负债的整个期限。
Level 3
基于几乎没有或没有市场活动支持的投入，对资产或负债的公允价值很重要的投入。
金融工具在公允价值层次结构内的水平是基于对公允价值衡量意义的任何意见的最低水平。
该公司的所有金融工具均beplay官网ued在公允价值层次结构的1级或第2级中分类为 June 30, 2013 , because they were valued using quoted market prices, broker/dealer quotes or alternative pricing sources with reasonable levels of price transparency. As of June 30, 2013 , the types of instruments valued based on quoted market prices in active markets included money market funds, U.S. Government agency securities, U.S. Treasury securities and certain sovereign securities. Such instruments are generally classified within Level 1 of the fair value hierarchy.
As of June 30, 2013 , the types of instruments valued based on other observable inputs included corporate debt securities, municipal securities and certain sovereign securities. The market inputs used to value these instruments generally consist of market yields, reported trades and broker/dealer quotes. Such instruments are generally classified within Level 2 of the fair value hierarchy.
The principal market in which the Company executes its foreign currency contracts is the institutional market in an over-the-counter environment with a relatively high level of price transparency. The market participants usually are large commercial banks. The Company's foreign currency contracts’ valuation inputs are based on quoted prices and quoted pricing intervals from public data sources and do not involve management judgment. These contracts are typically classified within Level 2 of the fair value hierarchy.
Financial assets (excluding cash held in operating accounts and time deposits) and liabilities measured at fair value on a recurring basis as of the date indicated below were presented on the Company's Consolidated Balance Sheet as follows:
截至2013年6月30日（成千上万）
Total
Quoted Prices in
Active Markets
for Identical
资产(Level 1)
重要的另一半
可观察的输入
(Level 2)
资产
Cash equivalents:
Corporate debt securities
$
3,800

$
—

$
3,800

货币市场和其他
817,608

817,608

—

Marketable securities:
U.S. Treasury securities
93,787

93,787

—

美国政府机构证券
598,031

598,031

—

市政证券
103,455

—

103,455

Corporate debt securities
1,099,525

—

1,099,525

主权证券
33,805

13,559

20,246

Total cash equivalents and marketable securities (1)
2,750,011

1,522,985

1,227,026

Other current assets:
Derivative assets
4,016

—

4,016

其他非流动资产：
Executive Deferred Savings Plan
136,461

96,180

40,281

总财务资产 (1)
$
2,890,488

$
1,619,165

$
1,271,323

负债
Other current liabilities:
Derivative liabilities
$
(2,173
)
$
—

$
(2,173
)
Executive Deferred Savings Plan
（137,849
)
(97,570
)
（40,279
)
Total financial liabilities
$
(140,022
)
$
(97,570
)
$
(42,452
)
__________________
(1) Excludes cash of $125.5 million held in operating accounts and time deposits of $43.4 million as of June 30, 2013 。
Financial assets (excluding cash held in operating accounts and time deposits) and liabilities measured at fair value on a recurring basis as of the date indicated below were presented on the Company's Consolidated Balance Sheet as follows:
As of June 30, 2012 (In thousands)
Total
Quoted Prices in
Active Markets
for Identical
资产(Level 1)
重要的另一半
可观察的输入
(Level 2)
资产
Cash equivalents:
货币市场和其他
$
607,038

$
607,038

$
—

Marketable securities:
U.S. Treasury securities
91,438

88,014

3,424

美国政府机构证券
634,492

634,492

—

市政证券
66,543

—

66,543

Corporate debt securities
917,392

—

917,392

主权证券
29145年

10,129

19,016

股本证券
10

10

—

Total cash equivalents and marketable securities (1)
2,346,058

1,339,683

1,006,375

Other current assets:
Derivative assets
1,407

—

1,407

其他非流动资产：
Executive Deferred Savings Plan
125,354

95,304

30,050

总财务资产 (1)
$
2,472,819

$
1,434,987

$
1,037,832

负债
Other current liabilities:
Derivative liabilities
$
(1,909
)
$
—

$
(1,909
)
Executive Deferred Savings Plan
（125,329
)
(94,799
)
(30,530
)
Total financial liabilities
$
(127,238
)
$
(94,799
)
$
(32,439
)
__________________
(1) Excludes cash of 1.26亿美元 held in operating accounts and time deposits of 6240万美元 as of June 30, 2012 。

在截至6月30日的财政年度中 2013 or 2012 。The Company did not have any assets or liabilities measured at fair value on a recurring basis within Level 3 fair value measurements as of June 30, 2013 or 2012 。
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