Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Dec. 31, 2019

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 December 31, 2019 and September 30, 2019 (in thousands):

	Notional Principal
	December 31, 2019		September 30, 2019
Instruments designated as accounting hedges:
Foreign currency forwards	$	132,551	$	143,164
Interest rate swaps		95,000		95,000
Instruments not designated as accounting hedges:
Foreign currency forwards	$	57,844	$	24,220

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 in the Condensed Consolidated Balance Sheets (in thousands):

		Fair Value
	Balance Sheet Location	December 31, 2019		September 30, 2019
Asset derivatives:
Foreign currency forwards	Other current assets	$	930	$	2,635
Foreign currency forwards	Other assets		469		619
Forward starting swap	Other assets		1,404		240
		$	2,803	$	3,494
Liability derivatives:
Foreign currency forwards	Other current liabilities	$	1,855	$	529
Foreign currency forwards	Other noncurrent liabilities		272		228
Total		$	2,127	$	757

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 income (loss) related to derivative financial instruments designated as cash flow hedges, as well as the amount of gains and losses reclassified into earnings (in thousands):

	Three Months Ended
	December 31, 2019				December 31, 2018
			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	$	(1,583)	$	(66)	$	1,779	$	(33)