Henry Schein 2009 Annual Report Download - page 100

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HENRY SCHEIN, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
(In thousands, except share and per share data)
88
Note 12 – Derivatives and Hedging Activities – (Continued)
The activity recorded within our consolidated statements of income relating to cash flow hedges
include amounts reclassified from AOCI (effective portion) and forward points (ineffective portion). The
following table presents the effect of our cash flow hedges:
Gain (Loss) Reclassified from
AOCI into Income (Effective
Portion)
Amount of Forward Points
Recognized in Income on
Derivative (Ineffective
Portion)
Year Ended
December 26,
2009
Year Ended
December 26,
2009
Other, net (1,081)$ Interest income 39$
Cost of sales 4,886 Other, net 5
Location of Gain (Loss)
Reclassified from AOCI
into Income (Effective
Portion)
Location where Forward
Points are Recognized in
Income on Derivative
(Ineffective Portion)
Economic Hedges
We are also a party to contracts that serve as economic hedges that we have not designated as hedges
for accounting purposes, which consist of foreign exchange contracts. Losses associated with these
foreign exchange contracts are recorded in Other, net within our consolidated statements of income and
totaled $4.3 million for the year ended December 26, 2009. Forward points related to these foreign
exchange contracts, which are recorded in Interest expense within our consolidated statements of income,
totaled $0.2 million for the year ended December 26, 2009.