DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Jun. 30, 2018

DERIVATIVE FINANCIAL INSTRUMENTS [Abstract]

Amounts Recognized in Consolidated Statements of Comprehensive Income for Net Investment Hedge

Amounts recognized in the Consolidated Statements of Comprehensive Income for our net investment hedge during the nine months ended June 30, 2018 were as follows:

Balance at September 30, 2017	$	920
Loss on net investment hedge		8,440
Tax benefit		(2,183	)
Balance at June 30, 2018	$	7,177

FV of Derivative Instruments in the Consolidated Balance Sheet

The fair value of our derivative instruments included in the Consolidated Balance Sheets, which was determined using Level 2 inputs, was as follows:

		Asset Derivatives				Liability Derivatives
	Consolidated Balance Sheet Location	June 30, 2018		September 30, 2017		June 30, 2018		September 30, 2017
Derivatives designated as hedging instruments
Interest rate swap contracts	Other long-term assets	$	-	$	117	$	-	$	-
	Accrued expenses, income taxes payable and other current liabilities	$	-	$	-	$	-	$	31
Foreign exchange contracts designated as net investment hedge	Other long-term liabilities	$	-	$	-	$	-	$	1,442
Derivatives not designated as hedging instruments
Foreign exchange contracts	Prepaid expenses and other current assets	$	8	$	146	$	-	$	-
	Accrued expenses, income taxes payable and other current liabilities	$	-	$	-	$	44	$	408

Effect of Derivative Instruments on the Consolidated Statement of Income

The following table summarizes the effect of our derivative instruments on our Consolidated Statements of Income for the three and nine months ended June 30, 2018 and 2017:

		Gain (Loss) Recognized in Statement of Income
		Three Months Ended						Nine Months Ended
	Statement of Income Location	June 30, 2018			June 30, 2017			June 30, 2018			June 30, 2017
Derivatives not designated as hedging instruments
Foreign exchange contracts	Other income, net	$	(1,080	)	$	(235	)	$	(1,002	)	$	(1,709	)