Derivatives (Tables)

3 Months Ended

Mar. 31, 2015

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Schedule of Unsettled Purchased Foreign Currency Forward Contracts

As of March 31, 2015 and December 31, 2014, we had the following unsettled purchased foreign currency forward contracts that were entered into to hedge our operational exposure to foreign currency movements (in thousands, except for average contract rates):

Outstanding Notional Amount as of March 31, 2015
Buy Currency	Sell Currency	Foreign Amount		USD Amount		Average Contract Rate
US Dollar	Australian Dollar		6,575	$	5,424		0.8249
Euro	US Dollar		22,700		28,676		1.2633
British Pound Sterling	US Dollar		19,950		31,636		1.5858
Indian Rupee	US Dollar		1,138,000		17,512		0.0154
Polish Zloty	US Dollar		157,000		45,916		0.2925

Outstanding Notional Amount as of December 31, 2014
Buy Currency	Sell Currency	Foreign Amount		USD Amount		Average Contract Rate
US Dollar	Australian Dollar		6,750	$	5,838		0.8649
Euro	US Dollar		30,200		38,777		1.2840
British Pound Sterling	US Dollar		22,950		37,343		1.6271
Indian Rupee	US Dollar		1,205,000		18,748		0.0156
Polish Zloty	US Dollar		171,000		52,821		0.3089

Schedule of Outstanding Interest Rate Swaps

Interest Rate Swap Contracts—Interest rate swaps outstanding during the three months ended March 31, 2015 and 2014 are as follows:

Notional Amount

Interest Rate

Received

Interest Rate Paid

Effective Date

Maturity Date

Outstanding:

$750 million

1 month LIBOR⁽¹⁾

1.48%

December 31, 2015

December 30, 2016

$750 million

1 month LIBOR⁽¹⁾

2.19%

December 30, 2016

December 29, 2017

$750 million

1 month LIBOR⁽¹⁾

2.61%

December 29, 2017

December 31, 2018

Matured:

$400 million

1 month LIBOR

2.03%

July 29, 2011

September 30, 2014

$350 million

1 month LIBOR

2.51%

April 30, 2012

September 30, 2014

____________________________________________________________

(1)	Subject to a 1% floor.

Schedule of Estimated Fair Values of Derivatives Designated as Hedging Instruments

The estimated fair values of our derivatives designated as hedging instruments as of March 31, 2015 and December 31, 2014 are as follows (in thousands):

	Derivative Assets (Liabilities)
		Fair Value as of
Derivatives Designated as Hedging Instruments	Consolidated Balance Sheet Location	March 31, 2015			December 31, 2014
Foreign exchange contracts	Other accrued liabilities	$	(9,866	)	$	(8,475	)
Interest rate swaps	Other accrued liabilities		(1,367	)		—
	Other noncurrent liabilities		(6,625	)		(1,401	)
		$	(17,858	)	$	(9,876	)

Schedule of Effects of Derivative Instruments Net of Taxes on Other Comprehensive Income (Loss)

The effects of derivative instruments, net of taxes, on other comprehensive income (loss) (“OCI”) for the three months ended March 31, 2015 and 2014 are as follows (in thousands):

	Amount of Gain (Loss) Recognized in OCI on Derivative (Effective Portion)
	Three Months Ended March 31,
Derivatives in Cash Flow Hedging Relationships	2015			2014
Foreign exchange contracts	$	(4,337	)	$	208
Interest rate swaps		(4,339	)		—
Total	$	(8,676	)	$	208

		Amount of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)
		Three Months Ended March 31,
Derivatives in Cash Flow Hedging Relationships	Income Statement Location	2015			2014
Foreign exchange contracts	Cost of revenue	$	(3,470	)	$	1,683