Derivative Financial Instruments (Tables)

6 Months Ended

Apr. 02, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Notional Amounts of Outstanding Forward Contracts

As of April 2, 2016 and September 30, 2015, we had outstanding forward contracts with notional amounts equivalent to the following:

Currency Hedged	April 2, 2016		September 30, 2015
	(in thousands)
Canadian / U.S. Dollar	$	16,699	$	17,448
Euro / U.S. Dollar	77,854		82,917
British Pound / Euro	1,813		9,409
Israeli New Sheqel / U.S. Dollar	6,027		4,607
Japanese Yen / Euro	—		25,133
Japanese Yen / U.S. Dollar	6,464		—
Swiss Franc / U.S. Dollar	5,845		5,149
All other	13,092		12,592
Total	$	127,794	$	157,255

As of April 2, 2016 and September 30, 2015, we had outstanding forward contracts designed as cash flow hedges with notional amounts equivalent to the following:

Currency Hedged	April 2, 2016		September 30, 2015
	(in thousands)
Euro / U.S. Dollar	$	96,298	$	—
Japanese Yen / U.S. Dollar	32,904		—
SEK / U.S. Dollar	14,627		—
Total	$	143,829	$	—

Net Gains and Losses on Foreign Currency Exposures

The following table shows the effect of our non-designated hedges in the Consolidated Statements of Operations for the three and six months ended April 2, 2016 and April 4, 2015:

Derivatives Not Designated as Hedging Instruments	Location of Gain or (Loss) Recognized in Income	Net realized and unrealized gain or (loss) (excluding the underlying foreign currency exposure being hedged)
		Three months ended
		April 2, 2016			April 4, 2015
		(in thousands)
Forward Contracts	Other Income (Expense)	$	428		$	(678	)
		Six months ended
		April 2, 2016			April 4, 2015
		(in thousands)
Forward Contracts	Other Income (Expense)	$	(586	)	$	(381	)

The following table shows the effect of the our derivative instruments designated as cash flow hedges in the Consolidated Statements of Operations for the three and six months ended April 2, 2016 and April 4, 2015 (in thousands):

Derivatives Designated as Hedging Instruments	Gain or (Loss)Recognized in OCI-Effective Portion					Location of Gain or (Loss) Reclassified from OCI into Income-Effective Portion	Gain or (Loss) Reclassified from OCI into Income-Effective Portion					Location of Gain or (Loss) Recognized-Ineffective Portion	Gain or (Loss) Recognized-Ineffective Portion
	Three Months Ended						Three Months Ended						Three Months Ended
	April 2, 2016			April 4, 2015			April 2, 2016			April 4, 2015			April 2, 2016			April 4, 2015
Forward Contracts	$	(5,637	)	$	—	Software Revenue	$	(13	)	$	—	Other Income (Expense)	$	(37	)	$	—
	Six Months Ended						Six Months Ended						Six Months Ended
	April 2, 2016			April 4, 2015			April 2, 2016			April 4, 2015			April 2, 2016			April 4, 2015
Forward Contracts	$	(3,994	)	$	—	Software Revenue	$	833		$	—	Other Income (Expense)	$	(37	)	$	—

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following table shows our derivative instruments measured at gross fair value as reflected in the Consolidated Balance Sheets:

	Fair Value of Derivatives Designated As Hedging Instruments				Fair Value of Derivatives Not Designated As Hedging Instruments
	April 2, 2016		September 30, 2015		April 2, 2016		September 30, 2015
	(in thousands)				(in thousands)
Derivative assets (a):
Forward Contracts	$	—	$	—	$	669	$	507
Derivative liabilities (b):
Forward Contracts	$	4,862	$	—	$	1,187	$	46
(a) All derivative assets are recorded in “other current assets” in the Consolidated Balance Sheets.
(b) All derivative liabilities are recorded in "accrued expenses and other current liabilities" in the Consolidated Balance Sheets.

Offsetting Assets

The following table sets forth the offsetting of derivative assets as of April 2, 2016:

	Gross Amounts Offset in the Consolidated Balance Sheets						Gross Amounts Not Offset in the Consolidated Balance Sheets
As of April 2, 2016	Gross Amount of Recognized Assets		Gross Amounts Offset in the Consolidated Balance Sheets		Net Amounts of Assets Presented in the Consolidated Balance Sheets		Financial Instruments			Cash Collateral Received		Net Amount
	(in thousands)
Forward Contracts	$	669	$	—	$	669	$	(669	)	$	—	$	—

Offsetting Liabilities

The following table sets forth the offsetting of derivative liabilities as of April 2, 2016:

	Gross Amounts Offset in the Consolidated Balance Sheets						Gross Amounts Not Offset in the Consolidated Balance Sheets
As of April 2, 2016	Gross Amount of Recognized Liabilities		Gross Amounts Offset in the Consolidated Balance Sheets		Net Amounts of Liabilities Presented in the Consolidated Balance Sheets		Financial Instruments			Cash Collateral Pledged		Net Amount
	(in thousands)
Forward Contracts	$	6,049	$	—	$	6,049	$	(669	)	$	—	$	5,380