Foreign Currency Forward Contracts

6 Months Ended

Mar. 31, 2019

Note 16. Foreign Currency Forward Contracts

Beginning in the third quarter of fiscal 2018, the Company entered into foreign currency forward contracts. The purpose of these hedging contracts is to reduce income statement volatility resulting from foreign currency denominated transactions. The Company has not designated the contracts as hedges, therefore, changes in fair value are recognized in earnings. All of these contracts are designed to be settled within the same fiscal quarter they are entered into and, accordingly, as of March 31, 2019, there were no contracts that remain unsettled. As a result, there was no impact to the balance sheet from those contracts as of September 30, 2018 or March 31, 2019. Foreign exchange hedging gains and losses are recorded within Selling, General and Administrative Expenses on the Consolidated Statements of Operations along with foreign currency transactional gains and losses as follows.



	Three Months Ended March 31,				Six Months Ended March 31,
	2018		2019		2018		2019
Foreign Currency Transactional Gain (Loss)	$	—	$	(93)	$	—	$	247
Foreign Exchange Forward Contract Gain (Loss)	$	—	$	198	$	—	$	(299)
Net gain (loss) included in Selling, General and Administrative Expense	$	—	$	105	$	—	$	(52)