Quarterly report pursuant to Section 13 or 15(d)

Financial Statement Components (Tables)

v2.4.0.8
Financial Statement Components (Tables)
3 Months Ended
Sep. 30, 2014
Balance Sheet Components [Abstract]  
Balance Sheet Components
Balance Sheet Components
(In thousands)
As of
September 30, 2014
 
As of
June 30, 2014
Accounts receivable, net:
 
 
 
Accounts receivable, gross
$
465,866

 
$
514,690

Allowance for doubtful accounts
(21,818
)
 
(21,827
)
 
$
444,048

 
$
492,863

Inventories:
 
 
 
Customer service parts
$
216,796

 
$
203,194

Raw materials
218,959

 
221,612

Work-in-process
179,806

 
171,249

Finished goods
60,680

 
60,402

 
$
676,241

 
$
656,457

Other current assets:
 
 
 
Prepaid expenses
$
37,877

 
$
35,478

Income tax related receivables
24,848

 
27,452

Other current assets
10,325

 
6,267

 
$
73,050

 
$
69,197

Land, property and equipment, net:
 
 
 
Land
$
41,840

 
$
41,848

Buildings and leasehold improvements
310,854

 
302,537

Machinery and equipment
494,960

 
491,167

Office furniture and fixtures
21,136

 
20,945

Construction-in-process
3,308

 
8,945

 
872,098

 
865,442

Less: accumulated depreciation and amortization
(542,139
)
 
(535,179
)
 
$
329,959

 
$
330,263

Other non-current assets:
 
 
 
Executive Deferred Savings Plan(1)
$
161,287

 
$
159,996

Deferred tax assets – long-term
66,663

 
75,138

Other non-current assets
16,187

 
23,385

 
$
244,137

 
$
258,519

Other current liabilities:
 
 
 
Warranty
$
33,059

 
$
37,746

Executive Deferred Savings Plan(1)
162,224

 
160,527

Compensation and benefits
163,808

 
203,990

Income taxes payable
15,593

 
15,283

Interest payable
21,706

 
8,769

Other accrued expenses
157,325

 
158,775

 
$
553,715

 
$
585,090

Other non-current liabilities:
 
 
 
Pension liabilities
$
57,353

 
$
59,908

Income taxes payable
61,721

 
59,575

Other non-current liabilities
43,884

 
48,805

 
$
162,958

 
$
168,288



________________
(1)
KLA-Tencor has a non-qualified deferred compensation plan whereby 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. As of September 30, 2014, the Company had a deferred compensation plan related asset and liability included as a component of other non-current assets and other current liabilities on the Condensed Consolidated Balance Sheet. The plan assets are classified as trading securities.
Schedule of Accumulated Other Comprehensive Income (Loss)
The components of accumulated other comprehensive income (loss) (“OCI”) as of the dates indicated below were as follows:
(In thousands)
Currency Translation Adjustments
 
Unrealized Gains (Losses) on Available-for-Sale Securities
 
Unrealized Gains (Losses) on Cash Flow Hedges
 
Unrealized Gains (Losses) on Defined Benefit Plans
 
Total
Balance as of September 30, 2014
$
(22,135
)
 
$
(155
)
 
$
1,143

 
$
(15,055
)
 
$
(36,202
)
 
 
 
 
 
 
 
 
 
 
Balance as of June 30, 2014
$
(17,271
)
 
$
2,800

 
$
(12
)
 
$
(15,788
)
 
$
(30,271
)
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):
 
 
 
 
Three months ended
September 30,
 
Three months ended
September 30,
Accumulated OCI Components
 
Location in the Condensed Consolidated
Statements of Operations
 
2014
 
2013
Unrealized gains (losses) on cash flow hedges from foreign exchange contracts
 
Revenues
 
$
269

 
$
2,450

 
 
Costs of revenues
 
(41
)
 
66

 
 
Net gains reclassified from accumulated OCI
 
$
228

 
$
2,516

 
 
 
 
 
 
 
Unrealized gains on available-for-sale securities
 
Interest income and other, net
 
$
1,635

 
$
234