DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

12 Months Ended

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

	Notional Principal
September 30,	2014		2013
Instruments designated as accounting hedges:
Foreign currency forwards	$	249,628	$	231,051
Forward starting swap	—		58,415
Instruments not designated as accounting hedges:
Foreign currency forwards	$	136,955	$	130,687

Schedule of fair value of derivative financial instruments

The table below presents the fair value of the Company’s derivative financial instruments that qualify for hedge accounting as well as their classification on the consolidated balance sheets as of September 30, 2014 and 2013 (in thousands):

		Fair Value
		September 30,
	Balance Sheet Location	2014		2013
Asset derivatives:
Foreign currency forwards	Other current assets	$	7,389	$	1,597
Foreign currency forwards	Other noncurrent assets	5,920		4,957
Forward starting swap	Other noncurrent assets	—		1,139
		$	13,309	$	7,693
Liability derivatives:
Foreign currency forwards	Other current liabilities	$	6,645	$	2,360
Foreign currency forwards	Other noncurrent liabilities	5,878		5,366
Total		$	12,523	$	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 OCI for the years ended September 30, 2014, 2013, and 2012 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,	2014				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	$	820	$	330	$	4,581	$	(1,231	)
Forward starting swap	—		—		1,230		—
	$	820	$	330	$	5,811	$	(1,231	)