Plantronics 2015 Annual Report Download - page 72

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For each counterparty, if netted, the Company would offset the asset and liability balances of all derivatives at the end of the
reporting period. Derivatives not subject to master netting agreements are not eligible for net presentation. As of March 31,
2015 and March 31, 2014, no cash collateral had been received or pledged related to these derivative instruments.
Offsetting of Financial Assets/Liabilities under Master Netting Agreements with Derivative Counterparties
As of March 31, 2015:
Gross Amount of
Derivative Assets
Presented in the
Consolidated Balance
Sheets
Gross Amounts Not Offset in the Consolidated Balance Sheet
that are Subject to Master Netting Agreements
(in thousands)
Gross Amount of Eligible
Offsetting Recognized
Derivative Liabilities Cash Collateral Received
Net Amount of
Derivative
Assets
Derivatives subject to
master netting agreements $ 13,263 $ (637) $ — $ 12,626
Derivatives not subject to
master netting agreements — —
Total $ 13,263 $ 12,626
Gross Amount of
Derivative Liabilities
Presented in the
Consolidated Balance
Sheets
Gross Amounts Not Offset in the Consolidated Balance Sheet
that are Subject to Master Netting Agreements
(in thousands)
Gross Amount of Eligible
Offsetting Recognized
Derivative Assets Cash Collateral Received
Net Amount of
Derivative
Liabilities
Derivatives subject to
master netting agreements $ (3,914) $ 637 $ — $ (3,277)
Derivatives not subject to
master netting agreements — —
Total $ (3,914) $ (3,277)
As of March 31, 2014:
Gross Amount of
Derivative Assets
Presented in the
Consolidated Balance
Sheets
Gross Amounts Not Offset in the Consolidated Balance Sheet
that are Subject to Master Netting Agreements
(in thousands)
Gross Amount of Eligible
Offsetting Recognized
Derivative Liabilities Cash Collateral Received
Net Amount of
Derivative
Assets
Derivatives subject to
master netting agreements $ 473 $ (473) $ — $ —
Derivatives not subject to
master netting agreements 654 654
Total $ 1,127 $ 654
Gross Amount of
Derivative Liabilities
Presented in the
Consolidated Balance
Sheets
Gross Amounts Not Offset in the Consolidated Balance Sheet
that are Subject to Master Netting Agreements
(in thousands)
Gross Amount of Eligible
Offsetting Recognized
Derivative Assets Cash Collateral Received
Net Amount of
Derivative
Liabilities
Derivatives subject to
master netting agreements $ (1,428) $ 473 $ — $ (955)
Derivatives not subject to
master netting agreements (1,455) (1,455)
Total $ (2,883) $ (2,410)
The Company's derivative instruments are measured using Level 2 fair value inputs.
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