Logitech 2010 Annual Report Download - page 215
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ANNUAl REPORT
203
The following table presents the fair values of the Company’s derivative instruments and their locations on
the Balance Sheet as of March 31, 2010 and 2009 (in thousands):
Asset Derivatives Liability Derivatives
Fair Value Fair Value
Location 2010 2009 Location 2010 2009
Derivatives designated as hedging instruments:
Cash Flow Hedges ................... Other assets $136 $ — Other liabilities $10 $1,257
136 —10 1,257
Derivatives not designated as hedging
instruments:
Foreign Exchange
Forward Contracts ................ Other assets 11 208 Other liabilities — —
Foreign Exchange
Swap Contracts................... Other assets 452 — Other liabilities 356 592
463 208 356 592
$ 599 $208 $366 $1,849
The following table presents the amounts of gains and losses on the Company’s derivative instruments for the
years ended March 31, 2010 and 2009 and their locations on its Financial Statements (in thousands):
Net amount
of gain/(loss)
deferred as a
component of
accumulated
other
comprehensive
loss
Location of
gain/(Loss)
reclassified from
accumulated other
comprehensive
loss into income
Amount of
gain/(loss)
reclassified
from
accumulated
other
comprehensive
loss into income
Location of gain/
(loss) recognized in
income immediately
Amount of
gain/(loss)
recognized
in income
immediately
2010 2009 2010 2009 2010 2009
Derivatives designated as hedging
instruments:
Cash Flow Hedges . . . . . . $ 1,178 $ 216 Cost of goods sold $(5,615) $1,678 Other income/expense $ (57) $ (12)
1,178216 (5,615)1,678 (57)(12)
Derivatives not designated as
hedging instruments:
Foreign Exchange
Forward Contracts. . . — — — — Other income/expense (831)208
Foreign Exchange
Swap Contracts ..... — — — — Other income/expense (2,306)(592)
— — — — (3,137)(384)
$1,178 $ 216 $(5,615) $1,678 $(3,194) $ (396)