Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Jun. 30, 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 June 30, 2014 and September 30, 2013 (in thousands):

	Notional Principal
	June 30, 2014		September 30, 2013
Instruments designated as accounting hedges:
Foreign currency forwards	$	395,213	$	361,337
Forward starting swap	—		58,415
Instruments not designated as accounting hedges:
Foreign currency forwards	$	1,195	$	2,697
Forward starting swap	55,962		—

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 June 30, 2014 and September 30, 2013 (in thousands):

		Fair Value
	Balance Sheet Location	June 30, 2014		September 30, 2013
Asset derivatives:
Foreign currency forwards	Other current assets	$	8,223	$	1,597
Foreign currency forwards	Other noncurrent assets	5,629		4,957
Forward starting swap	Other noncurrent assets	164		1,139
		$	14,016	$	7,693
Liability derivatives:
Foreign currency forwards	Other current liabilities	$	8,811	$	2,360
Foreign currency forwards	Other noncurrent liabilities	5,832		5,366
Total		$	14,643	$	7,726

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

The tables below present gains and losses recognized in other comprehensive income (OCI) for the three and nine months ended June 30, 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):

	Nine Months Ended
	June 30, 2014					June 30, 2013						June 30, 2014		June 30, 2013
				Gains (losses)				Gains (losses)
	Gains (losses)			reclassified into		Gains (losses)		reclassified into				Gains (losses) recognized -Ineffective
	recognized in			earnings -		recognized in		earnings -				Portion and amount excluded from
Derivative Type	OCI			Effective Portion		OCI		Effective Portion			Location of gain (loss)	effectiveness testing
Foreign currency forwards	$	(757	)	$	355	$	4,020	$	(1,763	)	Other income/(expense), net	$	—	$	—
Forward starting swap	—			—		1,453		—			Other income/(expense), net	164		—
	$	(757	)	$	355	$	5,473	$	(1,763	)		$	164	$	—

	Three Months Ended
	June 30, 2014					June 30, 2013					June 30, 2014			June 30, 2013
				Gains (losses)				Gains (losses)
	Gains (losses)			reclassified into		Gains (losses)		reclassified into			Gains (losses) recognized -Ineffective
	recognized in			earnings -		recognized in		earnings -			Portion and amount excluded from
Derivative Type	OCI			Effective Portion		OCI		Effective Portion		Location of gain (loss)	effectiveness testing
Foreign currency forwards	$	(443	)	$	320	$	5,912	$	289	Other income/(expense), net	$	—		$	—
Forward starting swap	—			—		1,617		—		Other income/(expense), net	(673		)	—
	$	(443	)	$	320	$	7,529	$	289		$	(673	)	$	—