DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

12 Months Ended

Sep. 30, 2015

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 September 30, 2015 and 2014 (in thousands):

	Notional Principal
September 30,	2015		2014
Instruments designated as accounting hedges:
Foreign currency forwards	$	217,796	$	249,628
Instruments not designated as accounting hedges:
Foreign currency forwards	$	142,820	$	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 on the consolidated balance sheets as of September 30, 2015 and 2014 (in thousands):

		Fair Value
		September 30,
	Balance Sheet Location	2015		2014
Asset derivatives:
Foreign currency forwards	Other current assets	$	11,321	$	7,389
Foreign currency forwards	Other noncurrent assets	13,909		5,920
		$	25,230	$	13,309
Liability derivatives:
Foreign currency forwards	Other current liabilities	$	9,370	$	6,645
Foreign currency forwards	Other noncurrent liabilities	13,909		5,878
Total		$	23,279	$	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 OCI for the years ended September 30, 2015 and 2014 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):

Years ended September 30,	2015				2014					2015		2014
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		Location of gain (loss)	Gains (losses) recognized - Ineffective Portion and amount excluded from effectiveness testing
Foreign currency forwards	$	1,165	$	1,257	$	820	$	330	Other income/(expense), net	$	144	$	—
Forward starting swap	—		—		—		—		Other income/(expense), net	—		164
	$	1,165	$	1,257	$	820	$	330		$	144	$	164