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Derivative Financial Instruments | 12 Months Ended
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Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Derivative Financial Instruments | Derivative Financial Instruments 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 |
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 | )
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 |
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 | )
As of September 30, 2018, we estimated that approximately all values reported in accumulated other comprehensive income will be reclassified to income within the next twelve months. In the event the underlying forecast transaction does not occur, or it becomes probable that it will not occur, the related hedge gains and losses on the cash flow hedge would be immediately reclassified to “Other income (expense), net” on the Consolidated Statements of Operations. For the year ended September 30, 2018, there were no such gains or losses. 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 Derivative Assets and Liabilities We have entered into master netting arrangements which allow net settlements under certain conditions. Although netting is permitted, it is currently our policy and practice to record all derivative assets and liabilities on a gross basis in the Consolidated Balance Sheets. 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 | ) |  | $ | — |  |  | $ | — |
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 |
Net gains and losses on foreign currency exposures, including realized and unrealized gains and losses on forward contracts, included in foreign currency net losses, were net losses of $7.0 million, $5.7 million and $1.9 million for 2018, 2017 and 2016, respectively. Net realized and unrealized gains and losses on forward contracts included in foreign currency net losses were a net loss of $7.5 million in 2018, a net gain of $1.8 million in 2017, and a net gain of $0.5 million in 2016.

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- References No definition available. + Details
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- Definition The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -URI http://asc.fasb.org/topic&trid=2229140 + Details
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