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Derivative Financial Instruments (Tables)
 6 Months Ended
Apr. 01, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Notional Amounts of Outstanding Forward Contracts
As of April 1, 2017 and September 30, 2016, we had outstanding forward contracts with notional amounts equivalent to the following:
Currency Hedged
April 1,
2017
 
September 30,
2016
 
(in thousands)
Canadian / U.S. Dollar
$
8,475

 
$
14,685

Swiss Franc / Euro
11,956

 
—

Chinese Yuan offshore / Euro
9,762

 
—

Euro / U.S. Dollar
206,995

 
174,120

Japanese Yen / Euro
15,062

 
32,782

Israeli Shekel / U.S. Dollar
7,504

 
7,271

Japanese Yen / U.S. Dollar
2,585

 
6,716

Swedish Krona / U.S. Dollar
4,973

 
3,852

Danish Krona / U.S. Dollar
3,089

 
1,183

All other
7,585

 
8,925

Total
$
277,986

 
$
249,534

As of April 1, 2017 and September 30, 2016, we had outstanding forward contracts designated as cash flow hedges with notional amounts equivalent to the following:
Currency Hedged
April 1,
2017
 
September 30,
2016
 
(in thousands)
Euro / U.S. Dollar
$
53,116

 
$
26,181

Japanese Yen / U.S. Dollar
16,499

 
8,800

SEK / U.S. Dollar
3,722

 
4,078

Total
$
73,337

 
$
39,059
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 1, 2017 and April 2, 2016:
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
 
Six months ended
 
 
 
 
April 1,
2017
 
April 2,
2016
 
April 1,
2017
 
April 2,
2016
 
 
 
 
(in thousands)
Forward Contracts
 
Interest and other expense, net
 
$
238

 
$
428

 
$
(8,091
)
 
$
(586
)

In the three and six months ended April 1, 2017, foreign currency losses, net were $1.0 million and $2.5 million, respectively. In the three and six months ended April 2, 2016, foreign currency losses, net were $1.0 million and $0.9 million, respectively.
The following table shows the effect of our derivative instruments designated as cash flow hedges in the Consolidated Statements of Operations for the six months ended April 1, 2017 and April 2, 2016 (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 1,
2017
 
April 2,
2016
 
 
 
April 1,
2017
 
April 2,
2016
 
 
 
April 1,
2017
 
April 2,
2016
Forward Contracts
 
$
(589
)
 
$
(5,637
)
 
Subscription, support and license revenue
 
$
567

 
$
(13
)
 
Interest and other expense, net
 
$
(4
)
 
$
(37
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six months ended
 
 
 
Six months ended
 
 
 
Six months ended
 
 
April 1,
2017
 
April 2,
2016
 
 
 
April 1,
2017
 
April 2,
2016
 
 
 
April 1,
2017
 
April 2,
2016
Forward Contracts
 
$
2,882

 
$
(3,994
)
 
Subscription, support and license revenue
 
$
974

 
$
833

 
Interest and other expense, net
 
$
5

 
$
(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 1,
2017
 
September 30,
2016
 
April 1,
2017
 
September 30,
2016
 
(in thousands)
 
(in thousands)
Derivative assets (1):
 
 
 
 
 
 
 
       Forward Contracts
$
526

 
$
44

 
$
1,081

 
$
216

Derivative liabilities (2):
 
 
 
 
 
 
 
       Forward Contracts
$
45

 
$
1,477

 
$
2,717

 
$
1,693

(1) As of April 1, 2017 $1,597 thousand current derivative assets are recorded in other current assets, and $10 thousand long term derivative assets are recorded in other assets in the Consolidated Balance Sheets. As of September 30, 2016, all derivative assets were recorded in other current assets in the Consolidated Balance Sheet.
(2) As of April 1, 2017, $2,758 thousand current derivative liabilities are recorded in accrued expenses and other current liabilities, and $4 thousand long term derivative liabilities are recorded in other liabilities in the Consolidated Balance Sheets. As of September 30, 2016, all derivative liabilities were 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 1, 2017:
 
Gross Amounts Offset in the Consolidated Balance Sheets
 
 
 
Gross Amounts Not Offset in the Consolidated Balance Sheets
 
 
As of April 1, 2017
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
$
1,607

 
$
—

 
$
1,607

 
$
(1,607
)
 
$
—

 
$
—
Offsetting Liabilities
The following table sets forth the offsetting of derivative liabilities as of April 1, 2017:
 
Gross Amounts Offset in the Consolidated Balance Sheets
 
 
 
Gross Amounts Not Offset in the Consolidated Balance Sheets
 
 
As of April 1, 2017
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
$
2,762

 
$
—

 
$
2,762

 
$
(1,607
)
 
$
—

 
$
1,155