Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Mar. 31, 2016

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 March 31, 2016 and September 30, 2015 (in thousands):


	Notional Principal
	March 31, 2016		September 30, 2015
Instruments designated as accounting hedges:
Foreign currency forwards	$	172,127	$	217,796

Instruments not designated as accounting hedges:
Foreign currency forwards	$	153,137	$	142,820

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 March 31, 2016 and September 30, 2015 (in thousands):


		Fair Value
	Balance Sheet Location	March 31, 2016		September 30, 2015
Asset derivatives:
Foreign currency forwards	Other current assets	$	13,613	$	11,321
Foreign currency forwards	Other noncurrent assets		841		13,909
		$	14,454	$	25,230
Liability derivatives:
Foreign currency forwards	Other current liabilities	$	13,002	$	9,370
Foreign currency forwards	Other noncurrent liabilities		918		13,909
Total		$	13,920	$	23,279

Schedule of gains and losses recognized in other comprehensive loss on derivative financial instruments designated as cash flow hedges

The tables below present gains and losses recognized in other comprehensive loss for the three and six months ended March 31, 2016 and 2015 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):

Six Months Ended

March 31, 2016

March 31, 2015

March 31, 2016

March 31, 2015

Gains (losses)

reclassified into

Gains (losses) recognized - Ineffective

recognized in

earnings -

Gains (losses)

earnings -

Portion and amount excluded from

Derivative Type

OCI

Effective Portion

recognized in OCI

Effective Portion

Location of gain (loss)

effectiveness testing

Foreign currency forwards

(1,417)

883

152

1,336

Other income (expense), net

(121)

—

Three Months Ended

March 31, 2016

March 31, 2015

March 31, 2016

March 31, 2015

Gains (losses)

reclassified into

Gains (losses) recognized - Ineffective

recognized in

earnings -

Gains (losses)

earnings -

Portion and amount excluded from

Derivative Type

OCI

Effective Portion

recognized in OCI

Effective Portion

Location of gain (loss)

effectiveness testing

Foreign currency forwards

(607)

(142)

604

Other income (expense), net

—