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Table of Contents NETGEAR, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
hedge period. Deferred gains and losses in other comprehensive income associated with such derivative instruments are reclassified immediately into
earnings through other income and expense. Any subsequent changes in fair value of such derivative instruments also are reflected in current earnings
unless they are re-
designated as hedges of other transactions. The Company did not recognize any material net gains or losses related to the loss of hedge
designation on discontinued cash flow hedges during the years ended December 31, 2013 , 2012 and 2011 .
The effects of the Company’s derivative instruments on OCI and the consolidated statement of operations for the years ended December 31, 2013
,
2012 and 2011 are summarized as follows (in thousands):
79
Derivatives Designated as Hedging Instruments
Year Ended December 31, 2013
Gain or (Loss)
Recognized in
OCI -
Effective
Portion (a)
Location of
Gain or (Loss)
Reclassified from OCI
into Income -
Effective
Portion
Gain or (Loss)
Reclassified
from
OCI into
Income -
Effective
Portion (a)
Location of
Gain or (Loss)
Recognized in
Income and
Excluded from
Effectiveness Testing
Amount of Gain or
(Loss) Recognized in
Income and
Excluded from
Effectiveness Testing
Cash flow hedges:
Foreign currency forward contracts
$
775
Net revenue
$
844
Other income
(expense), net
$
(117
)
Foreign currency forward contracts
—
Cost of revenue
(9
)
Other income
(expense), net
—
Foreign currency forward contracts
—
Operating
expenses
(149
)
Other income
(expense), net
—
Total
$
775
$
686
$
(117
)
Derivatives Designated as
Hedging Instruments
Year Ended December 31, 2012
Gain or (Loss)
Recognized in
OCI -
Effective
Portion (a)
Location of
Gain or (Loss)
Reclassified from OCI
into Income -
Effective
Portion
Gain or (Loss)
Reclassified
from
OCI into
Income -
Effective
Portion (a)
Location of
Gain or (Loss)
Recognized in
Income and
Excluded from
Effectiveness Testing
Amount of Gain or
(Loss) Recognized in
Income and
Excluded from
Effectiveness Testing
Cash flow hedges:
Foreign currency forward contracts
$
164
Net revenue
$
262
Other income
(expense), net
$
(158
)
Foreign currency forward contracts
—
Cost of revenue
(1
)
Other income
(expense), net
—
Foreign currency forward contracts
—
Operating
expenses
(67
)
Other income
(expense), net
—
Total
$
164
$
194
$
(158
)