Citrix 2012 Annual Report Download - page 104

Download and view the complete annual report

Please find page 104 of the 2012 Citrix annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 118

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118

CITRIX SYSTEMS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
F-38
Fair Values of Derivative Instruments
Asset Derivatives Liability Derivatives
(In thousands)
December 31, 2012 December 31, 2011 December 31, 2012 December 31, 2011
Derivatives
Designated as
Hedging Instruments
Balance Sheet
Location
Fair
Value
Balance Sheet
Location
Fair
Value
Balance Sheet
Location
Fair
Value
Balance Sheet
Location
Fair
Value
Foreign currency
forward contracts
Prepaid
expenses
and other
current
assets $4,157
Prepaid
expenses
and other
current
assets $2,762
Accrued
expenses
and other
current
liabilities $4,162
Accrued
expenses
and other
current
liabilities $8,252
Asset Derivatives Liability Derivatives
(In thousands)
December 31, 2012 December 31, 2011 December 31, 2012 December 31, 2011
Derivatives Not
Designated as
Hedging Instruments
Balance Sheet
Location
Fair
Value
Balance Sheet
Location
Fair
Value
Balance Sheet
Location
Fair
Value
Balance Sheet
Location
Fair
Value
Foreign currency
forward contracts
Prepaid
expenses
and other
current
assets $448
Prepaid
expenses
and other
current
assets $69
Accrued
expenses
and other
current
liabilities $52
Accrued
expenses
and other
current
liabilities $202
The Effect of Derivative Instruments on Financial Performance
For the Year ended December 31,
(In thousands)
Derivatives in Cash Flow
Hedging Relationships
Amount of Gain
(Loss) Recognized in Other
Comprehensive Income (Loss)
(Effective Portion)
Location of (Loss)
Gain Reclassified
from Accumulated Other
Comprehensive Loss into
Income
(Effective Portion)
Amount of (Loss)
Gain Reclassified from
Accumulated Other
Comprehensive Loss
(Effective Portion)
2012 2011 2012 2011
Foreign currency forward contracts $ 5,164 $ (11,259) Operating expenses $ (5,817) $ 8,475
There was no material ineffectiveness in the Company’s foreign currency hedging program in the periods presented.
For the Year ended December 31,
(In thousands)
Derivatives Not Designated as Hedging
Instruments
Location of
(Loss) Gain Recognized in Income on
Derivative
Amount of (Loss)
Gain Recognized in Income on Derivative
2012 2011
Foreign currency forward contracts Other income (expense), net $ (1,341) $ 567