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Sensata Technologies Holding N.V.'s SEC Filings

S-1/A
SENSATA TECHNOLOGIES HOLDING PLC filed this Form S-1/A on 03/09/2010
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Table of Contents

Financial Instrument Presentation

 

The following table presents the fair value of the Company’s derivative financial instruments and their classification on the condensed consolidated balance sheet as of December 31, 2009:

 

     Asset Derivatives    Liability Derivatives
     Balance Sheet
Location
   Fair
Value
   Balance Sheet
Location
   Fair
Value

Derivatives designated as hedging instruments under ASC 815

           

Interest rate caps

   Other assets    $ 1,550       $ —  

Interest rate collars

        —      Other long-term
liabilities
     8,587

Interest rate swap

        —      Other long-term
liabilities
     3,157
                   

Total

      $ 1,550       $ 11,744
                   

Derivatives not designated as hedging instruments under ASC 815

           

Commodity forward contracts

   Prepaid expenses and other
current assets
   $ 644       $ —  

Euro call option

   Prepaid expenses and other
current assets
     993         —  

Commodity forward contracts

   Accrued expenses and
other current liabilities
     —           193
                   

Total

      $ 1,637       $ 193
                   

 

The following table presents the components of accumulated other comprehensive loss related to the Company’s derivatives as of December 31, 2009:

 

     Unrealized loss on
derivative
instruments
 

Balance as of December 31, 2008

   $ (10,806

Amount of net unrealized loss recognized in accumulated other comprehensive loss

     (15,532

Amount of loss reclassified into interest expense

     14,533   
        

Balance as of December 31, 2009

   $ (11,805
        

 

The following table presents the effect of the Company’s derivative financial instruments and their classification on the consolidated statement of operations for the year ended December 31, 2009:

 

Derivatives in ASC 815 Cash Flow
Hedging Relationships

  Amount of
Gain or
(Loss)
Recognized
in Other
comprehensive
loss on
Derivative
(Effective
Portion)
    Location of
Gain or
(Loss)

Reclassified
from
Accumulated
other
comprehensive
loss into
Income

(Effective
Portion)
  Amount of
Gain or
(Loss)
Reclassified
from
Accumulated
other
comprehensive
loss
into Income
(Effective
Portion)
    Location of
Gain or
(Loss)
Recognized
in Income on
Derivative
(Ineffective
Portion and
Amount
Excluded
from
Effectiveness
Testing)
  Amount of
Gain or
(Loss)

Recognized
in Income on
Derivative
(Ineffective Portion
and Amount
Excluded from
Effectiveness
Testing)

Interest Rate Products

  $ (15,532   Interest expense   $ (14,533   NA   NA

 

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