Derivative Financial Instruments (Tables)

12 Months Ended

Sep. 30, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Notional Amounts of Outstanding Forward Contracts

As of September 30, 2018 and 2017, we had outstanding forward contracts for derivatives not designated as hedging instruments with notional amounts equivalent to the following:

	September 30,
Currency Hedged	2018		2017
	(in thousands)
Canadian / U.S. Dollar	$	7,334	$	12,809
Euro / U.S. Dollar	297,730		244,000
British Pound / U.S. Dollar	7,074		907
Israeli Sheqel / U.S. Dollar	9,778		8,820
Japanese Yen / Euro	—		17,694
Japanese Yen / U.S. Dollar	37,456		3,198
Swiss Franc / U.S. Dollar	11,944		605
Swiss Franc / Euro	—		7,157
Swedish Krona / U.S. Dollar	18,207		4,627
Chinese Yuan offshore / Euro	—		10,423
Singapore Dollar / U.S. Dollar	1,314		1,186
Chinese Renminbi / U.S. Dollar	9,010		—
All other	6,109		7,093
Total	$	405,956	$	318,519

As of September 30, 2018 and 2017, we had outstanding forward contracts designated as cash flow hedges with notional amounts equivalent to the following:

	September 30,
Currency Hedged	2018		2017
	(in thousands)
Euro / U.S. Dollar	$	8,495	$	64,831
Japanese Yen / U.S. Dollar	2,193		22,675
SEK / U.S. Dollar	1,708		14,091
Total	$	12,396	$	101,597

Derivative Instruments, Gain (Loss)

The following table shows the effect of our non-designated hedges in the Consolidated Statements of Operations for the year ended September 30, 2018 and 2017:

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)
		Year ended September 30,
		2018			2017		2016
		(in thousands)
Forward Contracts	Other income (expense), net	$	(9,720	)	$	870	$	(883	)

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, 2018 and 2017 (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
	Year ended September 30,
	2018		2017				2018			2017				2018		2017
Forward Contracts	$	1,652	$	(866	)	Software Revenue	$	(552	)	$	(524	)	Other Income (Expense)	$	21	$	(49	)

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:

	September 30,
	Fair Value of Derivatives Designated As Hedging Instruments				Fair Value of Derivatives Not Designated As Hedging Instruments
	2018		2017		2018		2017
	(in thousands)				(in thousands)
Derivative assets (a):
Forward Contracts	$	440	$	540	$	2,449	$	623
Derivative liabilities (b):
Forward Contracts	$	—	$	2,352	$	3,419	$	1,995
(a) As of September 30, 2018, $2,889 thousand current derivative assets are recorded in other current assets, in the Consolidated Balance Sheets. 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.
(b) As of September 30, 2018, $3,419 thousand current derivative liabilities are recorded in accrued expenses and other current liabilities in the Consolidated Balance Sheets. 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.

Offsetting Assets

The following table sets forth the offsetting of derivative assets as of September 30, 2018:

	Gross Amounts Offset in the Consolidated Balance Sheets						Gross Amounts Not Offset in the Consolidated Balance Sheets
September 30, 2018	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	$	2,889	$	—	$	2,889	$	(2,889	)	$	—	$	—

Offsetting Liabilities

The following table sets forth the offsetting of derivative liabilities as of September 30, 2018:

	Gross Amounts Offset in the Consolidated Balance Sheets						Gross Amounts Not Offset in the Consolidated Balance Sheets
September 30, 2018	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	$	3,419	$	—	$	3,419	$	(2,889	)	$	—	$	530