Ingram Micro 2013 Annual Report Download - page 58
Download and view the complete annual report
Please find page 58 of the 2013 Ingram Micro 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.-
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
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
 |
 |
Table of Contents
INGRAM MICRO INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
(In 000s, except per share data)
The notional amounts and fair values of derivative instruments in our consolidated balance sheet were as follows:
Notional Amounts(1)
Fair Value
December 28,
2013
December 29,
2012
December 28,
2013
December 29,
2012
Derivatives not receiving hedge accounting treatment
recorded in:
Other current assets
Foreign exchange contracts $ 334,519
$817,172
$2,942
$2,897
Accrued expenses
Foreign exchange contracts 1,486,407
607,836
(8,887)
(3,776)
Total $1,820,926
$ 1,425,008
$(5,945)
$ (879)
(1) Notional amounts represent the gross amount of foreign currency bought or sold at maturity for foreign exchange contracts.
Fiscal Year Ended
2013
2012
2011
Net gain (loss) recognized in earnings (11,657)
(35,181)
1,799
Note 9 — Fair Value Measurements
Our assets and liabilities carried at fair value are classified and disclosed in one of the following three categories: Level 1 — quoted market prices in
active markets for identical assets and liabilities; Level 2 — observable market-based inputs or unobservable inputs that are corroborated by market data; and
Level 3 — unobservable inputs that are not corroborated by market data.
As of December 28, 2013, our assets and liabilities measured at fair value on a recurring basis are categorized in the table below:
December 28, 2013
Total
Level 1
Level 2
Level 3
Assets:
Cash equivalents, consisting primarily of money market accounts and short-
term certificates of deposit $50,735
$50,735
$ —
$ —
Marketable trading securities (a) 53,856
53,856
—
—
Derivative assets 2,942
—
2,942
—
Total assets at fair value $107,533
$104,591
$2,942
$ —
Liabilities:
Derivative liabilities $8,887
$ —
$8,887
$ —
Contingent consideration 3,650 — — 3,650
Total liabilities at fair value $12,537
$ —
$8,887
$3,650
(a) Included in other current assets in our consolidated balance sheet.
58