Quarterly report pursuant to Section 13 or 15(d)

Financial Statement Components (Tables)

v2.4.1.9
Financial Statement Components (Tables)
6 Months Ended
Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance Sheet Components
Balance Sheet Components
(In thousands)
As of
December 31, 2014
 
As of
June 30, 2014
Accounts receivable, net:
 
 
 
Accounts receivable, gross
$
653,806

 
$
514,690

Allowance for doubtful accounts
(21,717
)
 
(21,827
)
 
$
632,089

 
$
492,863

Inventories:
 
 
 
Customer service parts
$
213,843

 
$
203,194

Raw materials
253,242

 
221,612

Work-in-process
142,243

 
171,249

Finished goods
53,471

 
60,402

 
$
662,799

 
$
656,457

Other current assets:
 
 
 
Prepaid expenses
$
41,963

 
$
35,478

Income tax related receivables
66,745

 
27,452

Other current assets
17,427

 
6,267

 
$
126,135

 
$
69,197

Land, property and equipment, net:
 
 
 
Land
$
41,831

 
$
41,848

Buildings and leasehold improvements
312,141

 
302,537

Machinery and equipment
499,197

 
491,167

Office furniture and fixtures
21,139

 
20,945

Construction-in-process
4,646

 
8,945

 
878,954

 
865,442

Less: accumulated depreciation and amortization
(555,601
)
 
(535,179
)
 
$
323,353

 
$
330,263

Other non-current assets:
 
 
 
Executive Deferred Savings Plan(1)
$
166,305

 
$
159,996

Deferred tax assets – long-term
64,341

 
75,138

Other non-current assets
32,295

 
23,385

 
$
262,941

 
$
258,519

Other current liabilities:
 
 
 
Warranty
$
34,410

 
$
37,746

Executive Deferred Savings Plan(1)
167,544

 
160,527

Compensation and benefits
130,533

 
203,990

Income taxes payable
13,587

 
15,283

Interest payable
19,179

 
8,769

Customer credits and advances
92,972

 
79,373

Other accrued expenses
105,965

 
79,402

 
$
564,190

 
$
585,090

Other non-current liabilities:
 
 
 
Pension liabilities
$
54,480

 
$
59,908

Income taxes payable
64,327

 
59,575

Other non-current liabilities
60,609

 
48,805

 
$
179,416

 
$
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 December 31, 2014 and June 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 Sheets. The plan assets are classified as trading securities.
Components 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 December 31, 2014
$
(28,367
)
 
$
(667
)
 
$
7,756

 
$
(14,475
)
 
$
(35,753
)
 
 
 
 
 
 
 
 
 
 
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):
 
 
Location in the Condensed Consolidated
 
Three months ended
December 31,
 
Six months ended
December 31,
Accumulated OCI Components
 
Statements of Operations
 
2014
 
2013
 
2014
 
2013
Unrealized gains (losses) on cash flow hedges from foreign exchange and interest rate contracts
 
Revenues
 
$
1,933

 
$
(128
)
 
$
2,202

 
$
2,322

 
 
Costs of revenues
 
(475
)
 
150

 
(516
)
 
216

 
 
Interest expense
 
126

 

 
126

 

 
 
Net gains reclassified from accumulated OCI
 
$
1,584

 
$
22

 
$
1,812

 
$
2,538

 
 
 
 
 
 
 
 
 
 
 
Unrealized gains on available-for-sale securities
 
Interest income and other, net
 
$
281

 
$
1,213

 
$
1,916

 
$
1,447