| Balance Sheet Components |
Balance Sheet Components
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|
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|
(In thousands) |
As of
March 31, 2015 |
|
As of
June 30, 2014 |
Accounts receivable, net: |
|
|
|
Accounts receivable, gross |
$ |
653,261 |
|
|
$ |
514,690 |
|
Allowance for doubtful accounts |
(21,653 |
) |
|
(21,827 |
) |
|
$ |
631,608 |
|
|
$ |
492,863 |
|
Inventories: |
|
|
|
Customer service parts |
$ |
203,473 |
|
|
$ |
203,194 |
|
Raw materials |
226,797 |
|
|
221,612 |
|
Work-in-process |
153,447 |
|
|
171,249 |
|
Finished goods |
48,636 |
|
|
60,402 |
|
|
$ |
632,353 |
|
|
$ |
656,457 |
|
Other current assets: |
|
|
|
Prepaid expenses |
$ |
44,008 |
|
|
$ |
35,478 |
|
Income tax related receivables |
69,874 |
|
|
27,452 |
|
Other current assets |
12,920 |
|
|
6,267 |
|
|
$ |
126,802 |
|
|
$ |
69,197 |
|
Land, property and equipment, net: |
|
|
|
Land |
$ |
40,403 |
|
|
$ |
41,848 |
|
Buildings and leasehold improvements |
313,500 |
|
|
302,537 |
|
Machinery and equipment |
507,446 |
|
|
491,167 |
|
Office furniture and fixtures |
21,279 |
|
|
20,945 |
|
Construction-in-process |
5,411 |
|
|
8,945 |
|
|
888,039 |
|
|
865,442 |
|
Less: accumulated depreciation and amortization |
(566,958 |
) |
|
(535,179 |
) |
|
$ |
321,081 |
|
|
$ |
330,263 |
|
Other non-current assets: |
|
|
|
Executive Deferred Savings Plan(1)
|
$ |
167,858 |
|
|
$ |
159,996 |
|
Deferred tax assets – long-term |
63,840 |
|
|
75,138 |
|
Other non-current assets |
31,491 |
|
|
23,385 |
|
|
$ |
263,189 |
|
|
$ |
258,519 |
|
Other current liabilities: |
|
|
|
Warranty |
$ |
35,429 |
|
|
$ |
37,746 |
|
Executive Deferred Savings Plan(1)
|
169,431 |
|
|
160,527 |
|
Compensation and benefits |
170,495 |
|
|
203,990 |
|
Income taxes payable |
12,933 |
|
|
15,283 |
|
Interest payable |
44,719 |
|
|
8,769 |
|
Customer credits and advances |
91,490 |
|
|
79,373 |
|
Other accrued expenses |
106,779 |
|
|
79,402 |
|
|
$ |
631,276 |
|
|
$ |
585,090 |
|
Other non-current liabilities: |
|
|
|
Pension liabilities |
$ |
54,302 |
|
|
$ |
59,908 |
|
Income taxes payable |
66,615 |
|
|
59,575 |
|
Other non-current liabilities |
58,948 |
|
|
48,805 |
|
|
$ |
179,865 |
|
|
$ |
168,288 |
|
________________
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|
(1) |
KLA-Tencor has a non-qualified deferred compensation plan under which certain executives and non-employee directors may defer a portion of their compensation. Participants are credited with returns based on their allocation of their account balances among measurement funds. The Company controls the investment of these funds, and the participants remain general creditors of KLA-Tencor. Distributions from the plan commence following a participant’s retirement or termination of employment or on a specified date allowed per the plan provisions, except in cases where such distributions are required to be delayed in order to avoid a prohibited distribution under Internal Revenue Code Section 409A. Participants can generally elect the distributions to be paid in lump sum or quarterly cash payments over a scheduled period for up to 15 years and are allowed to make subsequent changes to their existing elections as permissible under the plan provisions. The liability associated with deferred compensation plan is included as a component of other current liabilities. The Company also has a deferred compensation asset that corresponds to the liability under the deferred compensation plan and it is included as a component of other non-current assets. The plan assets are classified as trading securities.
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|
| Reclassification out of Accumulated Other Comprehensive Income |
The effects on net income of amounts reclassified from accumulated OCI to the Condensed Consolidated Statement of Operations for the indicated period were as follows (in thousands):
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Location in the Condensed Consolidated |
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Three months ended
March 31, |
|
Nine months ended
March 31, |
Accumulated OCI Components |
|
Statements of Operations |
|
2015 |
|
2014 |
|
2015 |
|
2014 |
Unrealized gains (losses) on cash flow hedges from foreign exchange and interest rate contracts |
|
Revenues |
|
$ |
4,306 |
|
|
$ |
895 |
|
|
$ |
6,508 |
|
|
$ |
3,217 |
|
|
|
Costs of revenues |
|
(575 |
) |
|
39 |
|
|
(1,091 |
) |
|
255 |
|
|
|
Interest expense |
|
189 |
|
|
— |
|
|
315 |
|
|
— |
|
|
|
Net gains reclassified from accumulated OCI |
|
$ |
3,920 |
|
|
$ |
934 |
|
|
$ |
5,732 |
|
|
$ |
3,472 |
|
|
|
|
|
|
|
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|
Unrealized gains on available-for-sale securities |
|
Interest income and other, net |
|
$ |
60 |
|
|
$ |
281 |
|
|
$ |
1,976 |
|
|
$ |
1,728 |
|
|