Derivative Financial Instruments Derivative Financial Instruments (Tables)

12 Months Ended

Sep. 30, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Notional Amounts of Outstanding Forward Contracts

As of September 30, 2017 and 2016, we had outstanding forward contracts for derivatives not designated as hedging instruments with notional amounts equivalent to the following:

	September 30,
Currency Hedged	2017		2016
	(in thousands)
Canadian/U.S. Dollar	$	12,809	$	14,685
Euro/U.S. Dollar	244,000		174,120
Israeli Sheqel/U.S. Dollar	8,820		7,271
Japanese Yen/Euro	17,694		32,782
Japanese Yen/U.S. Dollar	3,198		6,716
Swiss Franc / Euro	7,157		—
Swedish Krona / U.S. Dollar	4,627		3,852
Chinese Yuan offshore / Euro	10,423		—
Singapore Dollar / U.S. Dollar	1,186		1,448
All other	8,605		8,660
Total	$	318,519	$	249,534

As of September 30, 2017 and 2016, we had outstanding forward contracts designated as cash flow hedges with notional amounts equivalent to the following:

Currency Hedged	September 30, 2017		September 30, 2016
	(in thousands)
Euro / U.S. Dollar	$	64,831	$	26,181
Japanese Yen / U.S. Dollar	22,675		8,800
SEK / U.S. Dollar	14,091		4,078
Total	$	101,597	$	39,059

Derivative Instruments, Gain (Loss)

The following table shows the effect of our derivative instruments designated as cash flow hedges in the Consolidated Statements of Operations for the twelve months ended September 30, 2017 and 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
	Twelve Months Ended							Twelve Months Ended							Twelve Months Ended
	September 30, 2017			September 30, 2016				September 30, 2017			September 30, 2016				September 30, 2017			September 30, 2016
Forward Contracts	$	(866	)	$	(3,859	)	Software Revenue	$	(524	)	$	(2,436	)	Other Income (Expense)	$	(49	)	$	(24	)

The following table shows the effect of our non-designated hedges in the Consolidated Statements of Operations for the twelve months ended September 30, 2017 and 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)
		Twelve months ended
		September 30, 2017		September 30, 2016			September 30, 2015
		(in thousands)
Forward Contracts	Interest income and other expense, net	$	870	$	(883	)	$	615

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
	September 30, 2017		September 30, 2016		September 30, 2017		September 30, 2016
	(in thousands)				(in thousands)
Derivative assets (a):
Forward Contracts	$	540	$	44	$	623	$	216
Derivative liabilities (b):
Forward Contracts	$	2,352	$	1,477	$	1,995	$	1,693
(a) As of September 30, 2017, $1,128 thousand current derivative assets are recorded in other current assets, and $35 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.
(b) As of September 30, 2017, $4,329 thousand current derivative liabilities are recorded in accrued expenses and other current liabilities, and $18 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 September 30, 2017:

	Gross Amounts Offset in the Consolidated Balance Sheets						Gross Amounts Not Offset in the Consolidated Balance Sheets
September 30, 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	$	1,163	$	—	$	1,163	$	(1,163	)	$	—	$	—

Offsetting Liabilities

The following table sets forth the offsetting of derivative liabilities as of September 30, 2017:

	Gross Amounts Offset in the Consolidated Balance Sheets						Gross Amounts Not Offset in the Consolidated Balance Sheets
September 30, 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	$	4,347	$	—	$	4,347	$	(1,163	)	$	—	$	3,184