Derivatives and Hedging Activities (Tables)

3 Months Ended

Dec. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of foreign currency derivative

As of December 31, 2018 and 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 December 31, 2018 and 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 December 31, 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	$	835	Derivative Liability	$	(1,043	)
Total derivatives designated as hedging instruments		$	835		$	(1,043	)
Derivatives not designated as hedging instruments:
Interest Rate and Foreign Exchange Products	Fair Value of Hedging Instruments	$	21	Derivative Liability	$	(3,503	)
Total derivatives not designated as hedging instruments		$	21		$	(3,503	)

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 December 31, 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	$	2,601	Interest Expense	$	431
			Foreign Currency Remeasurement		1,931
Total	$	2,601		$	2,362

The table below presents the effect of fair value and cash flow hedge accounting on accumulated other comprehensive income as of December 31, 2017

	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	$	—	Interest Expense	$	—
			Foreign Currency Remeasurement		—
Total	$	—		$	—

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 December 31, 2018.

	Interest Expense		Foreign Currency Remeasurement
Total amounts of income and expense line items presented in the statement of operations and comprehensive loss in which the effects of fair value or cash flow hedges are recorded	$	4,111	$	731
Gain on cash flow hedging relationships in Subtopic 815-20	$	431	$	1,931

The table below presents the effect of the Company’s derivative financial instruments on the consolidated income statements as of December 31, 2017.

	Interest Expense		Foreign Currency Remeasurement
Total amounts of income and expense line items presented in the statement of operations and comprehensive loss in which the effects of fair value or cash flow hedges are recorded	$	—	$	—
Gain on cash flow hedging relationships in Subtopic 815-20	$	—	$	—

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 December 31, 2018.

Derivatives Not Designated as Hedging Instruments under Subtopic 815-20	Location of  Income  Recognized in Income on Derivative	Amount of Income Recognized in Income on Derivative
Interest Rate and Foreign Exchange Products	Change in fair value of derivative liability	$	852

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 December 31, 2017. 

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	$	—

Schedule of offsetting of derivative assets and liabilities

Offsetting of Derivative Assets
December 31, 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	$	856	$	—	$	856	$	—	$	—	$	—

Offsetting of Derivative Liabilities
December 31, 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	$	4,546	$	—	$	4,546	$	—	$	—	$	—

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	$	—	$	—	$	—