Spansion Inc. - 10-Q/A filing on 2014-07-09

Note 10 - Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 30, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]

		Three Months Ended				Three Months Ended
		March 30, 2014				March 31, 2013
		(in thousands)

Beginning Balance		$	2			$	1
Net loss reclassified into earnings on cash flow hedges			1,382				(1,753	)
Net unrealized hedge loss arising during the period			(4,714	)			7,743
Ending Balance		$	(3,330	)		$	5,991

Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

Buy / Sell		March 30, 2014			December 29, 2013
		(in millions)

Japanese Yen / US dollar			-		JPY 2,945/$28.2
US dollar / Japanese Yen		$42.8/JPY 4,435			$42.0/JPY 4,047
US dollar / EUR		$26.5/EUR 19.2			$23.4/EUR 17.1

Derivative Instruments, Gain (Loss) [Table Text Block]

		Three Months Ended
		March 30, 2014				March 31, 2013
			(in thousands)
Derivatives Designated as Hedging Instruments
Foreign Exchange Forward Contracts

Net unrealized gain (loss) recognized in OCI ⁽¹⁾		$	(4,714	)		$	7,743

Net loss (gain) reclassified into earnings for cash flow hedges ⁽²⁾		$	1,382			$	(1,753	)
Derivatives Not Designated as Hedging Instruments
Net gain (loss) recognized in income
Swap interest expense ⁽⁴⁾		$	-			$	6
Foreign Exchange Forward Contracts ⁽³⁾		$	790			$	(2,589	)

(1)	Net change in the fair value of the effective portion classified in other comprehensive income (OCI)
(2)	Effective portion classified as net product revenue
(3)	Classified in interest income and other (expense), net
(4)	Classified in interest expense

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

		March 30, 2014								December 29, 2013
Balance sheet location		Derivatives designated as hedging instruments				Derivatives not designated as hedging instruments				Derivatives designated as hedging instruments				Derivatives not designated as hedging instruments
						(in thousands)
Prepaid expenses and other current assets
Foreign Exchange Forward Contracts		$	-			$	273			$	-			$	3,493

Accrued liabilities and other
Interest rate Swap		$	-			$	-			$	-			$	-
Foreign Exchange Forward Contracts		$	3,195			$	451			$	-			$	313

Offsetting Assets [Table Text Block]

														Gross amounts not offset in the Condensed Consolidated Balance Sheets but have legal rights to offset

		Gross amounts of recognized Assets				Gross amounts offset in the Condensed Consolidated Balance Sheets				Net amounts of Assets presented in the Condensed Consolidated Balance Sheets				Financial Instruments				Cash collateral pledged				Net amount
		(in thousands)
As of March 30, 2014:
Foreign exchange contracts		$	273			$	-			$	273			$	(273	)		$	-			$	-
As of December 29, 2013:
Foreign exchange contracts		$	3,493			$	-			$	3,493			$	(1,572	)		$	-			$	1,921

Offsetting Liabilities [Table Text Block]

														Gross amounts not offset in the Condensed Consolidated Balance Sheets but have legal rights to offset

		Gross amounts of recognized Liabilities				Gross amounts offset in the Condensed Consolidated Balance Sheets				Net amounts of Liabilities presented in the Condensed Consolidated Balance Sheets				Financial Instruments				Cash collateral pledged				Net amount
		(in thousands)
As of March 30, 2014:
Foreign exchange contracts		$	3,646			$	-			$	3,646			$	(1,871	)		$	-			$	1,775
As of December 29, 2013:
Foreign exchange contracts		$	313			$	-			$	313			$	(226	)		$	-			$	87