DERIVATIVES (TABLES)

6 Months Ended

Jun. 30, 2015

DERIVATIVES [ABSTRACT]

Schedule of Cash Flow Hedges OCI Rollforward

	Three Months Ended June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
Aggregate unrealized net gain/(loss) at beginning of period	$	(18,497)	$	(10,886)	$	(18,345)	$	(8,352)
Add: Net gain/(loss) from change in fair value of cash flow hedges		(4,119)		9,946		(5,410)		6,297
Less: Net (gain)/loss reclassified to earnings from effective hedges		1,302		1,059		2,441		2,174
Aggregate unrealized net gain/(loss) at end of period	$	(21,314)	$	119	$	(21,314)	$	119

Schedule of Notional Amounts of Outstanding Cash Flow Hedges

As of June 30, 2015	Local Currency Notional Amount	U.S. Dollar Notional Amount			% Maturing in the Next 12 Months			Contracts Maturing Through
Philippine Peso	16,856,000		380,216	(1)		43.0	%	February 2020
Mexican Peso	2,684,000		183,258			28.2	%	May 2020
		$	563,474

As of December 31, 2014	Local Currency Notional Amount	U.S. Dollar Notional Amount
Canadian Dollar	1,500	$	1,441
Philippine Peso	17,428,000		398,046	(1)
Mexican Peso	2,532,000		179,089
New Zealand Dollar	490		381
		$	578,957

(1)Includes contracts to purchase Philippine pesos in exchange for New Zealand dollars and Australian dollars, which are translated into equivalent U.S. dollars on June 30, 2015 and December 31, 2014.

Schedule of Interest Rate Swaps

	Notional Amount		Variable Rate Received	Fixed Rate Paid			Contract Commencement Date	Contract Maturity Date
As of June 30, 2015	$	25 million	1 - month LIBOR		2.55	%	April 2012	April 2016
and December 31, 2014		15 million	1 - month LIBOR		3.14	%	May 2012	May 2017
	$	40 million

Schedule of Derivatives Instruments on Balance Sheet

		June 30, 2015
Designation:		Designated as Hedging Instruments				Not Designated as Hedging Instruments
Derivative contract type:		Foreign Exchange		Interest Rate		Foreign Exchange
Derivative classification:		Cash Flow		Cash Flow		Fair Value
Fair value and location of derivative in the
	Consolidated Balance Sheet:
Prepaids and other current assets		$	578	$	-	$	47
Other long-term assets			2		-		-
Other current liabilities			(14,400)		(951)		(1,871)
Other long-term liabilities			(21,985)		(158)		-
	Total fair value of derivatives, net	$	(35,805)	$	(1,109)	$	(1,824)
		December 31, 2014
Designation:		Designated as Hedging Instruments				Not Designated as Hedging Instruments
Derivative contract type:		Foreign Exchange		Interest Rate		Foreign Exchange
Derivative classification:		Cash Flow		Cash Flow		Fair Value
Fair value and location of derivative in
	the Consolidated Balance Sheet:
Prepaids and other current assets		$	192	$	-	$	797
Other long-term assets			389		-		-
Other current liabilities			(12,680)		(988)		(5)
Other long-term liabilities			(17,070)		(452)		-
	Total fair value of derivatives, net	$	(29,169)	$	(1,440)	$	792

Schedule of Derivative Impact on Statement of Comprehensive Income

		Three Months Ended June 30,
		2015				2014
Designation:		Designated as Hedging Instruments				Designated as Hedging Instruments
Derivative contract type:		Foreign Exchange		Interest Rate		Foreign Exchange		Interest 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	$	(1,453)	$	152	$	10,049	$	(103)
Amount and location of net gain or (loss) reclassified
	from Accumulated OCI to income - effective portion:
Revenue		$	(2,505)	$	-	$	(1,472)	$	-
Interest Expense			-		(262)		-		(265)

		Three Months Ended June 30,
		2015				2014
Designation:		Not Designated as Hedging Instruments				Not Designated as Hedging Instruments
Derivative contract type:		Foreign Exchange				Foreign Exchange
Derivative classification:		Option and Forward Contracts		Fair Value		Option and 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		$	-	$	(2,416)	$	-	$	(2,825)

		Six Months Ended June 30,
		2015				2014
Designation:		Designated as Hedging Instruments				Designated as Hedging Instruments
Derivative contract type:		Foreign Exchange		Interest Rate		Foreign Exchange		Interest 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	$	(2,443)	$	301	$	6,457	$	(160)
Amount and location of net gain or (loss) reclassified
	from Accumulated OCI to income - effective portion:
Revenue		$	(4,213)	$	-	$	(3,043)	$	-
Interest Expense			-		(519)		-		(523)

		Six Months Ended June 30,
		2015				2014
Designation :		Not Designated as Hedging Instruments				Not Designated as Hedging Instruments
Derivative contract type:		Foreign Exchange				Foreign Exchange
Derivative classification:		Option and Forward Contracts		Fair Value		Option and Forward Contracts		Fair Value
Amount and location of net gain or (loss)
	recognized in the Consolidated Statement
	of Comprehensive Income:
Costs of services		$	-	$	-	$	-	$	-
Other income (expense), net		$	-	$	(2,496)	$	-	$	(2,206)