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Derivative Instruments and Hedging Activities (Tables)
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6 Months Ended |
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Dec. 31, 2013 |
| Derivative Instruments and Hedging Activities Disclosure [Abstract] |
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| 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:
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Three months ended
December 31,
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Six months ended
December 31,
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(In thousands)
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Location in Financial Statements
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2013
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2012
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2013
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2012
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Derivatives Designated as Hedging Instruments
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Gains in accumulated OCI on derivatives (effective portion)
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Accumulated OCI
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$
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3,864
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$
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2,242
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$
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3,573
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$
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2,001
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从累积OCI我收益(损失)重新分类nto income (effective portion):
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Revenues
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$
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(128
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)
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$
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(82
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)
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$
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2,322
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$
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(574
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)
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Costs of revenues
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150
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210
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216
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(390
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)
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Total gains (losses) reclassified from accumulated OCI into income (effective portion)
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$
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22
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$
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128
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$
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2,538
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$
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(964
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)
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Gains (losses) recognized in income on derivatives (ineffective portion and amount excluded from effectiveness testing)
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Interest income and other, net
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$
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44
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$
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(40
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)
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$
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26
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$
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11
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Derivatives Not Designated as Hedging Instruments
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Gains recognized in income
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Interest income and other, net
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$
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2,722
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$
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9,220
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$
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5,348
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$
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9,894
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| 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:
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(In thousands)
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As of
December 31, 2013
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As of
June 30, 2013
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Cash flow hedge contracts
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Purchase
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$
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20,288
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$
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14,641
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Sell
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$
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69,197
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$
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35,178
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Other foreign currency hedge contracts
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Purchase
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$
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101,064
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$
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99,175
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Sell
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$
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68,876
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$
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97,901
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| 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:
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Asset Derivatives
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Liability Derivatives
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Balance Sheet Location
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As of
December 31, 2013
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As of
June 30, 2013
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Balance Sheet Location
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As of
December 31, 2013
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As of
June 30, 2013
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(In thousands)
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Fair Value
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Fair Value
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Derivatives designated as hedging instruments
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Foreign exchange contracts
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Other current assets
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$
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3,199
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$
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362
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Other current liabilities
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$
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3
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$
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384
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Total derivatives designated as hedging instruments
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$
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3,199
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$
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362
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$
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3
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$
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384
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Derivatives not designated as hedging instruments
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Foreign exchange contracts
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Other current assets
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$
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2,385
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$
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3,654
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Other current liabilities
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$
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705
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$
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1,789
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Total derivatives not designated as hedging instruments
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$
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2,385
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$
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3,654
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$
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705
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$
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1,789
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Total derivatives
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$
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5,584
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$
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4,016
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$
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708
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$
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2,173
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| 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:
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Three months ended
December 31,
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Six months ended
December 31,
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(In thousands)
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2013
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2012
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2013
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2012
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Beginning balance
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$
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(323
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)
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$
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(111
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)
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$
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2,484
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$
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(962
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)
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Amount reclassified to income
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(22
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)
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(128
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)
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(2,538
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)
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964
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Net change
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3,864
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2,242
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3,573
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2,001
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Ending balance
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$
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3,519
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$
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2,003
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$
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3,519
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$
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2,003
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| 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):
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As of December 31, 2013
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Gross Amounts of Derivatives Not Offset in the Consolidated Balance Sheets
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Description
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Gross Amounts of Derivatives
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Gross Amounts of Derivatives Offset in the Consolidated Balance Sheets
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Net Amount of Derivatives Presented in the Consolidated Balance Sheets
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Financial Instruments
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Cash Collateral Received
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Net Amount
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Derivatives - Assets
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$
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5,584
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$
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—
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$
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5,584
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$
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(708
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)
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$
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—
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$
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4,876
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Derivatives - Liabilities
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$
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(708
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)
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$
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—
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$
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(708
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$
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708
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$
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—
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$
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—
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As of June 30, 2013
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Gross Amounts of Derivatives Not Offset in the Consolidated Balance Sheets
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Description
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Gross Amounts of Derivatives
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Gross Amounts of Derivatives Offset in the Consolidated Balance Sheets
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Net Amount of Derivatives Presented in the Consolidated Balance Sheets
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Financial Instruments
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Cash Collateral Received
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Net Amount
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Derivatives - Assets
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$
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4,016
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$
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—
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$
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4,016
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$
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(1,520
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)
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$
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—
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$
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2,496
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Derivatives - Liabilities
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$
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(2,173
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)
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$
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—
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$
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(2,173
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)
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$
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1,520
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$
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—
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$
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(653
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)
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