Derivative Financial Instruments (Tables)

9 Months Ended

Jun. 30, 2022

Derivative Instruments And Hedging Activities Disclosure [Abstract]

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:

(in thousands)	Fair Value of Derivatives Designated As Hedging Instruments				Fair Value of Derivatives Not Designated As Hedging Instruments
	June 30, 2022		September 30, 2021		June 30, 2022		September 30, 2021
Derivative assets(1):
Forward Contracts	$	771	$	1,641	$	1,621	$	3,722
Derivative liabilities(2):
Forward Contracts	$	—	$	—	$	1,572	$	3,318

(1)As of June 30, 2022 and September 30, 2021, current derivative assets of $2.4 million and $5.4 million, respectively, are recorded in other current assets in the Consolidated Balance Sheets.

(2)As of June 30, 2022 and September 30, 2021, current derivative liabilities of $1.6 million and $3.3 million, respectively, are recorded in accrued expenses and other current liabilities in the Consolidated Balance Sheets.

Schedule of Notional Amounts of Outstanding Forward Contracts and Options

As of June 30, 2022 and September 30, 2021, we had outstanding forward contracts with notional amounts equivalent to the following:

Currency Hedged (in thousands)	June 30, 2022		September 30, 2021
Canadian / U.S. Dollar	$	4,837	$	4,894
Euro / U.S. Dollar		362,686		387,466
British Pound / U.S. Dollar		6,095		23,141
Israeli Shekel / U.S. Dollar		11,415		10,475
Japanese Yen / U.S. Dollar		—		46,450
Swiss Franc / U.S. Dollar		9,272		18,039
Swedish Krona / U.S. Dollar		13,182		34,196
Singapore Dollar / U.S. Dollar		3,397		3,498
Chinese Renminbi / U.S. Dollar		7,975		23,297
New Taiwan Dollar / U.S. Dollar		15,758		3,369
Danish krone/ U.S. Dollar		2,900		2,380
Australian Dollar/ U.S. Dollar		3,068		2,086
All other		3,524		4,630
Total	$	444,109	$	563,921

As of June 30, 2022 and September 30, 2021, we had outstanding forward contracts designated as net investment hedges with notional amounts equivalent to the following:

Currency Hedged (in thousands)	June 30, 2022		September 30, 2021
Euro / U.S. Dollar	$	114,651	$	128,103

Schedule of 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 nine months ended June 30, 2022 and June 30, 2021:

(in thousands)		Three months ended					Nine months ended
	Location of Gain (Loss)	June 30, 2022		June 30, 2021			June 30, 2022		June 30, 2021
Net realized and unrealized (gain) loss, excluding the underlying foreign currency exposure being hedged	Other income (expense), net	$	3,399	$	(2,508	)	$	3,761	$	(7,128	)

The following table shows the effect of our derivative instruments designated as net investment hedges in the Consolidated Statements of Operations for the three and nine months ended June 30, 2022 and June 30, 2021:

(in thousands)		Three months ended						Nine months ended
	Location of Gain (Loss)	June 30, 2022			June 30, 2021			June 30, 2022			June 30, 2021
Gain (loss) recognized in OCI	OCI	$	1,082		$	(2,309	)	$	(1,993	)	$	(268	)
Gain (loss) reclassified from OCI	OCI		(4,281	)		4,143			(11,431	)		4,044
Gain recognized, excluded portion	Other income (expense), net		515			267			1,124			1,000

Schedule of Offsetting Assets

The following table sets forth the offsetting of derivative assets as of June 30, 2022:

(in thousands)	Gross Amounts Offset in the Consolidated Balance Sheets						Gross Amounts Not Offset in the Consolidated Balance Sheets
As of June 30, 2022	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
Forward Contracts	$	2,392	$	—	$	2,392	$	(1,572	)	$	—	$	820

Schedule of Offsetting Liabilities

The following table sets forth the offsetting of derivative liabilities as of June 30, 2022:

(in thousands)	Gross Amounts Offset in the Consolidated Balance Sheets						Gross Amounts Not Offset in the Consolidated Balance Sheets
As of June 30, 2022	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
Forward Contracts	$	1,572	$	—	$	1,572	$	(1,572	)	$	—	$	—