Sally Beauty Supply 2013 Annual Report Download - page 134

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Sally Beauty Holdings, Inc. and Subsidiaries
Notes to Consolidated Financial Statements (Continued)
Fiscal Years ended September 30, 2013, 2012 and 2011
The table below presents the fair value of the Company’s derivative financial instruments as well as their
classification on the Company’s consolidated balance sheet as of September 30, 2013 and 2012 (in
thousands):
Asset Derivatives Liability Derivatives
As of As of
September 30, September 30,
Classification 2013 2012 Classification 2013 2012
Derivatives designated as
hedging instruments:
Interest Rate Swaps ..... Other assets — — Accrued liabilities — —
—— — —
Derivatives not designated
as hedging instruments:
Foreign Exchange
Contracts ........... Prepaid expenses $152 $ 4 Accrued liabilities $36 $132
$152 $ 4 $36 $132
The table below presents the effect of the Company’s derivative financial instruments on the Company’s
consolidated statements of earnings for the fiscal years ended September 30, 2013, 2012 and 2011 (in
thousands):
Amount of Gain or
(Loss) Recognized in
OCI on Derivative Amount of Gain or (Loss) Reclassified from
(Effective Portion), net Accumulated OCI
of tax into Income (Effective Portion)
Derivatives Fiscal Year Ended Fiscal Year Ended
Designated as September 30, September 30,
Hedging
Instruments 2013 2012 2011 Classification 2013 2012 2011
Interest Rate Swaps .............. $— $3,947 $5,557 Interest expense $— $(6,731) $(10,174)
Amount of Gain or
(Loss) Recognized in
Income on
Derivatives
Fiscal Year Ended
Classification of Gain or September 30,
Derivatives Not Designated as (Loss) Recognized into
Hedging Instruments Income 2013 2012 2011
Foreign Exchange Contracts ........... Selling, general and administrative expenses $(2,846) $2,003 $194
Total derivatives not designated as hedging
instruments ..................... $(2,846) $2,003 $194
There were no gains or losses recognized in income on derivatives designated as hedging instruments as a
result of ineffectiveness or the exclusion of such derivatives from effectiveness testing during the fiscal
years ended September 30, 2013, 2012 and 2011.
F-32