Citrix 2014 Annual Report Download - page 106

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CITRIX SYSTEMS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
F-38
The Effect of Derivative Instruments on Financial Performance
For the Year ended December 31,
(In thousands)
Derivatives in Cash Flow
Hedging Relationships
Amount of (Loss) Gain
Recognized in Other
Comprehensive (Loss) Income
(Effective Portion)
Location of (Loss)
Gain Reclassified from
Accumulated Other
Comprehensive (Loss)
Income into Income
(Effective Portion)
Amount of Gain (Loss)
Reclassified from
Accumulated Other
Comprehensive (Loss) Income
(Effective Portion)
2014 2013 2014 2013
Foreign currency forward contracts $ (11,197) $ 2,862 Operating expenses $ 2,123 $ (2,929)
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
Gain Recognized in Income on
Derivative
Amount of Gain
Recognized in Income on Derivative
2014 2013
Foreign currency forward contracts Other (expense) income, net $ 3,551 $ 3,138
Outstanding Foreign Currency Forward Contracts
As of December 31, 2014, the Company had the following net notional foreign currency forward contracts outstanding
(in thousands):
Foreign Currency
Currency
Denomination
Australian dollars AUD 3,453
British pounds sterling GBP 25,200
Canadian dollars CAD 5,932
Chinese renminbi CNY 83,417
Danish krone DKK 11,800
Euro EUR 29,618
Hong Kong dollars HKD 51,625
Indian rupees INR 846,058
Japanese yen JPY 154,184
New Zealand dollars NZD 20
Singapore dollars SGD 11,550
Swiss francs CHF 19,950