Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Jun. 30, 2018

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 June 30, 2018 and September 30, 2017 (in thousands):

	Notional Principal
	June 30, 2018		September 30, 2017
Instruments designated as accounting hedges:
Foreign currency forwards	$	112,937	$	125,486
Instruments not designated as accounting hedges:
Foreign currency forwards	$	26,777	$	35,117

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 on the Condensed Consolidated Balance Sheets as of June 30, 2018 and September 30, 2017 (in thousands):

		Fair Value
	Balance Sheet Location	June 30, 2018		September 30, 2017
Asset derivatives:
Foreign currency forwards	Other current assets	$	2,515	$	2,591
Foreign currency forwards	Other noncurrent assets		159		1,128
		$	2,674	$	3,719
Liability derivatives:
Foreign currency forwards	Other current liabilities	$	2,103	$	3,456
Foreign currency forwards	Other noncurrent liabilities		159		1,128
Total		$	2,262	$	4,584

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 nine months ended June 30, 2018 and 2017 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):

	Nine Months Ended
	June 30, 2018				June 30, 2017
			Gains (losses)				Gains (losses)
	Gains (losses)		reclassified into				reclassified into
	recognized in		earnings -		Gains (losses)		earnings -
Derivative Type	OCI		Effective Portion		recognized in OCI		Effective Portion
Foreign currency forwards	$	163	$	(1,468)	$	(1,912)	$	1,853
	Three Months Ended
	June 30, 2018				June 30, 2017
			Gains (losses)				Gains (losses)
	Gains (losses)		reclassified into				reclassified into
	recognized in		earnings -		Gains (losses)		earnings -
Derivative Type	OCI		Effective Portion		recognized in OCI		Effective Portion
Foreign currency forwards	$	(848)	$	(670)	$	(281)	$	(355)