Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Dec. 31, 2014

Derivative Instruments and Hedging Activities

Schedule of notional principal amounts of the outstanding derivative instruments

The following table shows the notional principal amounts of our outstanding derivative instruments as of December 31, 2014 and September 30, 2014 (in thousands):

	Notional Principal
	December 31,		September 30,
	2014		2014
Instruments designated as accounting hedges:
Foreign currency forwards	$	260,358	$	249,628
Instruments not designated as accounting hedges:
Foreign currency forwards	$	140,059	$	136,955

Schedule of fair value of derivative financial instruments

The table below presents the fair value of our derivative financial instruments that qualify for hedge accounting as well as their classification in the Condensed Consolidated Balance Sheets as of December 31, 2014 and September 30, 2014 (in thousands):

		Fair Value
		December 31,		September 30,
	Balance Sheet Location	2014		2014
Asset derivatives:
Foreign currency forwards	Other current assets	$	8,383	$	7,389
Foreign currency forwards	Other noncurrent assets	9,345		5,920
		$	17,728	$	13,309
Liability derivatives:
Foreign currency forwards	Other current liabilities	$	7,434	$	6,645
Foreign currency forwards	Other noncurrent liabilities	9,213		5,878
Total		$	16,647	$	12,523

Schedule of gains and losses recognized in other comprehensive income (loss) on derivative financial instruments designated as cash flow hedges

The tables below present gains and losses recognized in other comprehensive income (loss) for the three months ended December 31, 2014 and 2013 related to derivative financial instruments designated as cash flow hedges, as well as the amount of gains and losses reclassified into earnings during those periods (in thousands):

	Three Months Ended
	December 31, 2014				December 31, 2013
Derivative Type	Gains (losses) recognized in OCI		Gains (losses) reclassified into earnings -  Effective Portion		Gains (losses) recognized in OCI			Gains (losses) reclassified into earnings -  Effective Portion
Foreign currency forwards	$	294	$	732	$	1,920		$	(49	)
Forward starting swap	—		—		(217		)	—
	$	294	$	732	$	1,703		$	(49)