Derivative Financial Instruments (Tables)

3 Months Ended

Dec. 31, 2013

The following table represents our gross and net derivative assets and liabilities:



(In thousands)	Gross Amount Presented on the Consolidated Balance Sheets			Netting Adjustments (a)			Net Amount
December 31, 2013
Derivative assets	$	255		$	(255	)	$	—
Derivative liabilities	(2,125		)	255			(1,870		)

September 30, 2013
Derivative assets	$	—		$	—		$	—
Derivative liabilities	(1,586		)	—			(1,586		)

(a) We have agreements in place with some of our financial trading counterparties that allow for the financial right of offset for derivative assets and derivative liabilities under the agreements.

Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member]

Derivative [Line Items]

Fair Value of Cash Flow Hedge Derivative Contracts Included in the Consolidated Balance Sheets

The following table presents the fair value of our derivative contracts designated as cash flow hedging instruments included in our Condensed Consolidated Balance Sheets as of December 31, 2013 and September 30, 2013:



	Asset Derivatives					Liability Derivatives
(In thousands)		December 31, 2013		September 30, 2013			December 31, 2013		September 30, 2013
Derivative contracts designated as cash flow hedging instruments	Balance Sheet Location	Fair Value		Fair Value		Balance Sheet Location	Fair Value		Fair Value
Short-term interest rate swaps	Prepaid expenses and deferred costs	$	—	$	—	Accrued liabilities	$	1,361	$	1,586
Long-term interest rate swaps	Deferred costs and other assets	255		—		Other long-term liabilities	—		—
Short-term foreign exchange forward currency contracts	Prepaid expenses and deferred costs	—		—		Accrued liabilities	309		—
Long-term foreign exchange forward currency contracts	Deferred costs and other assets	—		—		Other long-term liabilities	455		—
Total derivatives designated as cash flow hedging instruments		$	255	$	—		$	2,125	$	1,586

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The following table presents the gains and losses on our derivative contracts designated as cash flow hedging instruments on our Condensed Consolidated Statements of Operations and Condensed Statements of Comprehensive Income for three months ended December 31, 2013 and the three months ended December 31, 2012:



Derivative contracts designated as cash flow hedging instruments	Amount of Gain or (Loss) Recognized in AOCI on Derivative (Effective Portion)						Location of Gain or (Loss) Reclassified from AOCI in Income (Effective Portion)	Amount of Gain or (Loss) Reclassified from AOCI into Income (Effective Portion)
(In thousands)	Three Months Ended December 31,							Three Months Ended December 31,
	2013			2012				2013			2012
Interest rate swaps	$	21		$	(66	)	Interest expense, net of capitalized interest	$	(354	)	$	(438	)
Foreign exchange forward currency contracts	(764		)	—			Contract drilling revenue	(27		)	—
Total	$	(743	)	$	(66	)		$	(381	)	$	(438	)