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Derivatives and Hedging Activities (Tables)
12 Months Ended
Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of foreign currency derivative

As of September 30, 2018, the Company had the following outstanding derivatives designated as cash flow hedges that were used to hedge both interest rate risk and foreign exchange risk:

 

Foreign Currency Derivative    Number of Instruments     Pay Fixed Notional     Receive Floating Notional  
Cross currency interest rate swaps     1       GBP 36,583       USD 46,667  
Schedule of outstanding derivatives

As of September 30, 2018, the Company had the following outstanding derivatives that were not designated as hedges in qualifying hedging relationships:

 

Foreign Currency Derivative    Number of
Instruments
    Pay Fixed
Notional
    Receive Floating Notional  
Cross currency interest rate swaps     1       EUR 81,918       USD 93,333

Schedule of fair value of derivative financial instruments

The table below presents the fair value of the Company’s derivative financial instruments as well as their classification in the consolidated balance sheet as of September 30, 2018. 

 

                     
    Balance Sheet
Classification
  Asset
Derivatives
Fair Value
    Balance Sheet
Classification
  Liability
Derivatives
Fair Value
 
Derivatives designated as hedging instruments:                        
Interest Rate and Foreign Exchange Products   Fair Value of Hedging Instruments   $ 747     Derivative Liability   $ (3,442 )
Total derivatives designated as hedging instruments       $ 747         $ (3,442 )
Derivatives not designated as hedging instruments:                        
Interest Rate and Foreign Exchange Products   Fair Value of Hedging Instruments   $     Derivative Liability   $ (4,450 )
Total derivatives not designated as hedging instruments       $         $ (4,450 )

Schedule of accumulated other comprehensive income

The table below presents the effect of fair value and cash flow hedge accounting on accumulated other comprehensive income as of September 30, 2018

 

    Amount of Gain Recognized in Other Comprehensive Income on Derivative     Location of Gain Reclassified from Accumulated Other Comprehensive Income into Income
Interest Rate and Foreign Exchange Products    $                          261   Interest Expense  $                            30
        Foreign Currency Remeasurement                              278
Total    $                          261      $                          308

Schedule of consolidated income statements

The table below presents the effect of the Company’s derivative financial instruments on the consolidated income statements as of September 30, 2018.

 

    Interest Expense   Foreign Currency Remeasurement
Total amounts of income and expense line items presented in the statement of financial performance in which the effects of fair value or cash flow hedges are recorded    $                     20,648    $                    20,648
         
Gain on cash flow hedging relationships in Subtopic 815-20  $                            30    $                         278
Schedule of financial instruments not designated as hedging instruments

The table below presents the effect of the Company’s derivative financial instruments that are not designated as hedging instruments in the consolidated income statement as of September 30, 2018.

 

Derivatives Not Designated as Hedging Instruments under Subtopic 815-20   Location of Loss Recognized in Income on Derivative   Amount of Loss Recognized in Income on Derivative
Interest Rate and Foreign Exchange Products   Change in fair value of derivative liability    $                    (7,372)
Schedule of offsetting of derivative assets and liabilities

The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company’s derivatives as of September 30, 2018.

 

Offsetting of Derivative Assets                              
September 30, 2018                                    
                     

Gross Amounts Not Offset in the Statement of Financial Position 

    Gross Amounts
of Recognized
Assets
    Gross
Amounts
Offset in the
Statement of
Financial
Position
    Net Amounts
of Assets
presented in the Statement
of Financial
Position
    Financial
Instruments
  Cash
Collateral
Received
    Net
Amount
 
Fair value of hedging instrument   $ 747     $     $ 747     $   $     $  

 

Offsetting of Derivative Liabilities

 

 September 30, 2018

                Gross Amounts Not Offset in the Statement of Financial Position
    Gross Amounts of Recognized Liabilities   Gross Amounts Offset in the Statement of Financial Position   Net Amounts of Liabilities presented in the Statement of Financial Position   Financial Instruments   Cash Collateral Received   Net Amount
Fair value of hedging instrument   $ 7,892     $     $ 7,892         $     $