Quarterly report pursuant to Section 13 or 15(d)

衍生工具和对冲活动

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衍生工具和对冲活动
9个月结束
2012年3月31日
General Discussion of Derivative Instruments and Hedging Activities [Abstract]
衍生工具和对冲活动
衍生工具和对冲活动
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. KLA-Tencor does not use derivative financial instruments for speculative or trading purposes. 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 月份。根据衍生工具的总公允价值的变化，对现金流量树篱进行了每月有效性评估。如果与公司任何对冲安排的财务交易对手遇到财务困难，或者否则无法履行外币对冲条款，则该beplay官网ued公司可能会遭受重大损失。
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.
现金流中心关系中的衍生品：外汇合同
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 are as follows:
Three months ended
March 31,
Nine months ended
March 31,
(In thousands)
财务报表中的位置
2012
2011
2012
2011
Derivatives designated as hedging instruments
Gains in accumulated OCI on derivatives (effective portion)
Accumulated OCI
$
2,269

$
1,318

$
852

$
78

从累积的OCI重新分类为收入（有效部分）：
Revenues
$
122

$
（696
)
$
(851
)
$
(2,023
)
Costs of revenues
（220
)
(14
)
(172
)
156

Total losses reclassified from accumulated OCI into income (effective portion)
$
（98
)
$
（710
)
$
(1,023
)
$
（1,867
)
在衍生品收入中认可的收益（无效的部分和有效性测试中排除的金额）
利息收入和其他净收入
$
77

$
76

$
175

$
223

未指定为对冲乐器的衍生物
Gains (losses) recognized in income
利息收入和其他净收入
$
5,605

$
2,164

$
（6,205
)
$
295


The U.S. dollar equivalent of all outstanding notional amounts of hedge contracts, with maximum maturity of 13 months, as of the dates indicated below was as follows:
(In thousands)
截至2012年3月31日
As of June 30, 2011
Cash flow hedge contracts
购买
$
12,102

$
3,381

卖
$
48,478

$
30,133

Other foreign currency hedge contracts
购买
$
74,492

$
174,499

卖
$
88,707

$
216,738


The location 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:
资产衍生物
Liability Derivatives
Balance Sheet Location
截至2012年3月31日
As of June 30, 2011
Balance Sheet Location
截至2012年3月31日
As of June 30, 2011
(In thousands)
Fair Value
Fair Value
Derivatives designated as hedging instruments
Foreign exchange contracts
其他流动资产
$
2097年

$
145

Other
current
负债
$
74

$
475

指定为对冲工具的总导数
$
2097年

$
145

$
74

$
475

未指定为对冲乐器的衍生物
Foreign exchange contracts
其他流动资产
$
2,052

$
1,825

Other
current liabilities
$
511

$
1,652

总衍生物未指定为对冲工具
$
2,052

$
1,825

$
511

$
1,652

总导数
$
4,149

$
1,970

$
585

$
2,127


下表提供了与指定期间相关的其他综合收入（损失）的均衡和变化：
Three months ended
March 31,
Nine months ended
March 31,
(In thousands)
2012
2011
2012
2011
开始平衡
$
（480
)
$
(2,077
)
$
12

$
（1,994
)
Amount reclassified to income
98

710

1,023

1,867

净变化
2,269

1,318

852

78

Ending balance
$
1,887

$
（49
)
$
1,887

$
（49
)
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