Netgear 2013 Annual Report Download - page 100

Table of Contents NETGEAR, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
Cumulative Other Comprehensive Income, Net
The following table sets forth the changes in accumulated other comprehensive income by component, net of tax, during the years ended
December 31, 2013 and 2012 (in thousands):
The following tables provide details about significant amounts reclassified out of each component of accumulated other comprehensive income for
the years ended December 31, 2013 and 2012 (in thousands):
Note 11. Employee Benefit Plans
2000 Stock Option Plan
In April 2000, the Company adopted the 2000 Stock Option Plan (the “2000 Plan”).
The 2000 Plan provides for the granting of stock options to
employees and consultants of the Company. Options granted under the 2000 Plan may be either incentive stock options (“ISOs”)
or nonqualified stock
options (“NSOs”).
ISOs may be granted only to Company employees (including officers and directors who are also employees). NSOs may be granted
to Company employees, directors and consultants. A total of 7,350,000 shares of Common Stock have been reserved for issuance under the 2000 Plan.
Options under the 2000 Plan may be granted for periods of up to ten years
, provided, however, that (i) the exercise price of an ISO and NSO shall
not be less than the estimated fair value of the underlying stock on the date of grant and (ii) the exercise price of an ISO and NSO granted to a 10%
shareholder shall not be less than 110%
of the estimated fair value of the underlying stock on the date of grant. To date, options granted generally vest
over four years .
As discussed below, in April 2003, all remaining shares reserved but not issued under the 2000 Plan were transferred to the 2003 Stock Plan.
2003 Stock Plan
97
Gains and losses on
available for sale securities
Gains and losses on
derivatives Total
Beginning balance as of December 31, 2011
$
17
$
6
$
23
Other comprehensive (loss) income before reclassifications
11
164
175
Amounts reclassified from accumulated other comprehensive loss —
(
194
)
(194
)
Net current period other comprehensive (loss) income
11
(30
)
(19
)
Beginning balance as of December 31, 2012
$
28
$
(24
)
$
4
Other comprehensive (loss) income before reclassifications
(24
)
775
751
Amounts reclassified from accumulated other comprehensive loss —
(
686
)
(686
)
Net current period other comprehensive (loss) income
(24
)
89
65
Ending balance as of December 31, 2013
$
4
$
65
$
69
Details about Accumulated Other Comprehensive Income
Components
Year Ended December 31, 2013 Year Ended December 31, 2012
Amount Reclassified from
AOCI
Affected Line Item in the
Statement of Operations
Amount Reclassified from
AOCI
Affected Line Item in the
Statement of Operations
Gains and losses on cash flow hedge:
Foreign currency forward contracts
$
844
Net revenue
$
262
Net revenue
Foreign currency forward contracts
(9
) Cost of revenue
(1
) Cost of revenue
Foreign currency forward contracts
(149
)
Operating expenses
(67
)
Operating expenses
686
Total before tax
194
Total before tax
—
Tax expense (1)
—
Tax expense (1)
$
686
Total, net of tax
$
194
Total, net of tax
(1)
Under our tax structure all hedging gains and losses from derivative contracts are ultimately borne by a legal entity in a jurisdiction with no income tax.