SanDisk 2014 Annual Report Download - page 160
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SANDISK CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The following table presents the forward points on foreign exchange contracts excluded for the
purposes of cash flow hedging designation recognized in other income (expense) (in thousands):
Fiscal years ended
December 28, December 29, December 30,
2014 2013 2012
Foreign exchange forward contracts ........................ $ (1,134) $ (1,201) $ (6,630)
Effect of Non-Designated Derivative Contracts on the Consolidated Statements of Operations. The effect of
non-designated derivative contracts on the Company’s results of operations recognized in other income
(expense) was as follows (in thousands):
Fiscal years ended
December 28, December 29, December 30,
2014 2013 2012
Gain (loss) on foreign exchange forward contracts including forward
point income ..................................... $ (5,627) $ 1,427 $ 9,025
Gain (loss) from revaluation of foreign currency exposures hedged by
foreign exchange forward contracts ...................... 7,998 (4,460) (3,511)
Note 5. Balance Sheet Information
Accounts Receivable, net. Accounts receivable, net was as follows (in thousands):
December 28, December 29,
2014 2013
Accounts receivable ............................................. $ 1,134,254 $ 904,551
Allowance for doubtful accounts .................................... (9,622) (8,274)
Promotions, price protection and other activities ......................... (282,156) (213,468)
Total accounts receivable, net ................................... $ 842,476 $ 682,809
Allowance for Doubtful Accounts. The activity in the allowance for doubtful accounts was as follows (in
thousands):
Fiscal years ended
December 28, December 29, December 30,
2014 2013 2012
Balance, beginning of year .............................. $ 8,274 $ 6,627 $ 5,717
Additions charged to costs and expenses ................. 857 2,167 1,452
Allowance adjustment .............................. 1,272 — —
Deductions/write-offs .............................. (781) (520) (542)
Balance, end of year .................................. $ 9,622 $ 8,274 $ 6,627
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