Plantronics 2015 Annual Report Download - page 51

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As of March 31, 2015, we had foreign currency put and call option contracts with notional amounts of approximately €67.9 million
and £28.6 million, denominated in EUR and GBP, respectively. As of March 31, 2014, we also had foreign currency put and call
option contracts with notional amounts of approximately €55.7 million and £23.9 million, denominated in EUR and GBP,
respectively. Collectively, our option contracts hedge against a portion of our forecasted foreign currency denominated sales.
The table below presents the impact on the valuation of our currency option contracts of a hypothetical 10% appreciation and a
10% depreciation of the USD against the indicated option contract type for cash flow hedges as of March 31, 2015 (in millions):
Currency - option contracts
USD Value of Net
Foreign Exchange
Contracts
Foreign Exchange
Gain From 10%
Appreciation of USD
Foreign Exchange
(Loss) From 10%
Depreciation of USD
Call options $ 135.8 $ 0.5 $ (2.3)
Put options $ 126.3 $ 9.9 $ (7.1)
Collectively, our swap contracts hedge against a portion of our forecasted MXN denominated expenditures. As of March 31,
2015, we had cross currency swap contracts with notional amounts of approximately MXN 431.9 million.
The table below presents the impact on the valuation of our cross-currency swap contracts of a hypothetical 10% appreciation and
a 10% depreciation of the USD as of March 31, 2015 (in millions):
Currency - cross-currency swap contracts
USD Value of Cross-
Currency Swap
Contracts
Foreign Exchange
(Loss) From 10%
Appreciation of USD
Foreign Exchange
Gain From 10%
Depreciation of USD
Position: Buy MXN $ 31.5 $ (2.5) $ 3.0
39