Quarterly report pursuant to Section 13 or 15(d)

Derivative Instruments and Hedging Activities (Tables)

v2.4.0.8
Derivative Instruments and Hedging Activities (Tables)
6 Months Ended
Dec. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]
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:
Three months ended
December 31,
Six months ended
December 31,
(In thousands)
Location in Financial Statements
2013
2012
2013
2012
Derivatives Designated as Hedging Instruments
Gains in accumulated OCI on derivatives (effective portion)
Accumulated OCI
$
3,864

$
2,242

$
3,573

$
2,001

从累积OCI我收益(损失)重新分类nto income (effective portion):
Revenues
$
(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

Derivatives Not Designated as Hedging Instruments
Gains recognized in income
Interest income and other, net
$
2,722

$
9,220

$
5,348

$
9,894

Schedule of Notional Amounts of Derivatives Outstanding
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)
As of
December 31, 2013
As of
June 30, 2013
Cash flow hedge contracts
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

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:
Asset Derivatives
Liability Derivatives
Balance Sheet Location
As of
December 31, 2013
As of
June 30, 2013
Balance Sheet Location
As of
December 31, 2013
As of
June 30, 2013
(In thousands)
Fair Value
Fair Value
Derivatives designated as hedging instruments
Foreign exchange contracts
Other current assets
$
3,199

$
362

Other current liabilities
$
3

$
384

Total derivatives designated as hedging instruments
$
3,199

$
362

$
3

$
384

Derivatives not designated as hedging instruments
Foreign exchange contracts
Other current assets
$
2,385

$
3,654

Other current liabilities
$
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

Balances and Changes in Accumulated Other Comprehensive Income Related to Derivative Instruments
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
December 31,
Six months ended
December 31,
(In thousands)
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

Offsetting of Assets and Liabilities
As of December 31, 2013 and June 30, 2013 , information related to the offsetting arrangements was as follows (in thousands):
As of December 31, 2013
Gross Amounts of Derivatives Not Offset in the Consolidated Balance Sheets
Description
Gross Amounts of Derivatives
Gross Amounts of Derivatives Offset in the Consolidated Balance Sheets
Net Amount of Derivatives Presented in the Consolidated Balance Sheets
Financial Instruments
Cash Collateral Received
Net Amount
Derivatives - Assets
$
5,584

$

$
5,584

$
(708
)
$

$
4,876

Derivatives - Liabilities
$
(708
)
$

$
(708
)
$
708

$

$

As of June 30, 2013
Gross Amounts of Derivatives Not Offset in the Consolidated Balance Sheets
Description
Gross Amounts of Derivatives
Gross Amounts of Derivatives Offset in the Consolidated Balance Sheets
Net Amount of Derivatives Presented in the Consolidated Balance Sheets
Financial Instruments
Cash Collateral Received
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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