10-Q
TTEC HOLDINGS, INC. filed this Form 10-Q on 11/07/2018
Entire Document
 

Table of Contents

TTEC HOLDINGS, INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements

(Unaudited)

The effects of derivative instruments on the Consolidated Statements of Comprehensive Income (Loss) for the three months ended September 30, 2018 and 2017 were as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30,

 

 

 

2018

 

2017

 

 

 

Designated as Hedging

 

Designated as Hedging

 

Designation:

 

Instruments

 

Instruments

 

 

    

Foreign

    

Interest

    

Foreign

    

Interest

 

Derivative contract type:

 

Exchange

 

Rate

 

Exchange

 

Rate

 

Derivative classification:

 

Cash Flow

 

Cash Flow

 

Cash Flow

 

Cash Flow

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amount of gain or (loss) recognized in Other comprehensive income (loss) - effective portion, net of tax

 

$

(2,981)

 

$

 —

 

$

(3,487)

 

$

 —

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amount and location of net gain or (loss) reclassified from Accumulated OCI to income - effective portion:

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

(4,085)

 

$

 —

 

$

(5,812)

 

$

 —

 

Interest expense

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30,

 

 

 

2018

 

2017

 

Designation:

    

Not Designated as 
Hedging Instruments

    

Not Designated as 
Hedging Instruments

 

Derivative contract type:

 

Foreign Exchange

 

Foreign Exchange

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Derivative classification:

 

Forward Contracts

 

Fair Value

 

Forward Contracts

 

Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amount and location of net gain or (loss) recognized in the Consolidated Statement of Comprehensive Income (Loss):

 

 

 

 

 

 

 

 

 

 

 

 

 

Costs of services

 

$

 —

 

$

 —

 

$

 —

 

$

 —

 

Other income (expense), net

 

$

 —

 

$

(956)

 

$

 —

 

$

(1,186)

 

 

The effects of derivative instruments on the Consolidated Statements of Comprehensive Income (Loss) for the nine months ended September 30, 2018 and 2017 were as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30,

 

 

 

2018

 

2017

 

 

 

Designated as Hedging

 

Designated as Hedging

 

Designation:

 

Instruments

 

Instruments

 

 

    

Foreign

    

Interest

    

Foreign

    

Interest

 

Derivative contract type:

 

Exchange

 

Rate

 

Exchange

 

Rate

 

Derivative classification:

 

Cash Flow

 

Cash Flow

 

Cash Flow

 

Cash Flow

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amount of gain or (loss) recognized in Other comprehensive income (loss) - effective portion, net of tax

 

$

(10,439)

 

$

 —

 

$

(10,625)

 

$

(69)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amount and location of net gain or (loss) reclassified from Accumulated OCI to income - effective portion:

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

(14,300)

 

$

 —

 

$

(17,709)

 

$

 

Interest expense

 

 

 —

 

 

 —

 

 

 —

 

 

(115)

 

 

22