XML 50 R31.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Derivative Financial Instruments (Tables) | 3 Months Ended
--- | ---
Dec. 29, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Notional Amounts of Outstanding Forward Contracts | As of December 29, 2018 and September 30, 2018, we had outstanding forward contracts designated as cash flow hedges with notional amounts equivalent to the following:
Currency Hedged | December 29, 2018 |  | September 30, 2018
| (in thousands)
Euro / U.S. Dollar | $ | — |  |  | $ | 8,495 |
Japanese Yen / U.S. Dollar | — |  |  | 2,193 |
Swedish Kronor / U.S. Dollar | — |  |  | 1,708 |
Total | $ | — |  |  | $ | 12,396 |
As of December 29, 2018 and September 30, 2018, we had outstanding forward contracts designated as net investment hedges with notional amounts equivalent to the following:
Currency Hedged | December 29, 2018 |  | September 30, 2018
| (in thousands)
Euro / U.S. Dollar | $ | 140,492 |  |  | $ | — |
Total | $ | 140,492 |  |  | $ | — |
As of December 29, 2018 and September 30, 2018, we had outstanding forward contracts with notional amounts equivalent to the following:
Currency Hedged | December 29, 2018 |  | September 30, 2018
| (in thousands)
Canadian / U.S. Dollar | 7,195 |  |  | 7,334 |
Euro / U.S. Dollar | 249,703 |  |  | 297,730 |
British Pound / U.S. Dollar | 7,616 |  |  | 7,074 |
Israeli Sheqel / U.S. Dollar | 7,424 |  |  | 9,778 |
Japanese Yen / U.S. Dollar | 27,810 |  |  | 37,456 |
Swiss Franc / U.S. Dollar | 12,875 |  |  | 11,944 |
Danish Kroner/ U.S. Dollar | 3,067 |  |  | 1,902 |
Swedish Kronor / U.S. Dollar | 13,562 |  |  | 18,207 |
Chinese Renminbi / U.S. Dollar | 8,981 |  |  | 9,010 |
All other | 9,282 |  |  | 5,521 |
Total | $ | 347,515 |  |  | $ | 405,956 |
Net Gains and Losses on Foreign Currency Exposures | The following table shows the effect of our derivative instruments designated as cash flow hedges in the Consolidated Statements of Operations for the three months ended December 29, 2018 and December 30, 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
|  | Three months ended |  |  |  | Three months ended |  |  |  | Three months ended
|  | December 29, 2018 |  | December 30, 2017 |  |  |  | December 29, 2018 |  | December 30, 2017 |  |  |  | December 29, 2018 |  | December 30, 2017
Forward Contracts |  | $ | 187 |  |  | $ | (1,044 | ) |  | Total software revenue |  | $ | 627 |  |  | $ | (655 | ) |  | Interest income and other expense, net |  | $ | — |  |  | $ | (19 | )
The following table shows the effect of our non-designated hedges in the Consolidated Statements of Operations for the three months ended December 29, 2018 and December 30, 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)
|  |  |  | Three months ended
|  |  |  | December 29, 2018 |  | December 30, 2017
|  |  |  | (in thousands)
Forward Contracts |  | Interest income and other expense, net |  | $ | (987 | ) |  | $ | 587 |
The following table shows the effect of our derivative instruments designated as net investment hedges in the Consolidated Statements of Operations for the three months ended December 29, 2018 and December 30, 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) Excluded from Effectiveness Testing | Gain or (Loss) Recognized-Ineffective Portion
|  | Three months ended |  |  | Three months ended |  |  | Three months ended
|  | December 29, 2018 |  | December 30, 2017 |  |  | December 29, 2018 |  | December 30, 2017 |  |  | December 29, 2018 |  | December 30, 2017
Forward Contracts |  | $ | (698 | ) |  | $ | — |  |  | Accumulated other comprehensive income (loss) | $ | 773 |  |  | $ | — |  |  | Interest income and other expense, net | $ | 486 |  |  | $ | — |
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
| December 29, 2018 |  | September 30, 2018 |  | December 29, 2018 |  | September 30, 2018
| (in thousands) |  | (in thousands)
Derivative assets (1): |  |  |  |  |  |  |
Forward Contracts | $ | 5 |  |  | $ | 440 |  |  | $ | 1,211 |  |  | $ | 2,449 |
Derivative liabilities (2): |  |  |  |  |  |  |
Forward Contracts | $ | 217 |  |  | $ | — |  |  | $ | 367 |  |  | $ | 3,419 |
(1) As of December 29, 2018 and September 30, 2018, $1,216 thousand and $2,889 thousand, current derivative assets, respectively, are recorded in other current assets, in the Consolidated Balance Sheets.
(2) As of December 29, 2018 and September 30, 2018 $584 thousand and $3,419 thousand current derivative liabilities, respectively, are 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 December 29, 2018:
| Gross Amounts Offset in the Consolidated Balance Sheets |  |  |  | Gross Amounts Not Offset in the Consolidated Balance Sheets |  |
As of December 29, 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 | $ | 1,216 |  |  | $ | — |  |  | $ | 1,216 |  |  | $ | (584 | ) |  | $ | — |  |  | $ | 632 |
Offsetting Liabilities | The following table sets forth the offsetting of derivative liabilities as of December 29, 2018:
| Gross Amounts Offset in the Consolidated Balance Sheets |  |  |  | Gross Amounts Not Offset in the Consolidated Balance Sheets |  |
As of December 29, 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 | $ | 584 |  |  | $ | — |  |  | $ | 584 |  |  | $ | (584 | ) |  | $ | — |  |  | $ | — |

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative and other financial assets that are subject to offsetting, including master netting arrangements. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225877-175312 + Details
Name: | us-gaap_OffsettingAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative and other financial liabilities that are subject to offsetting, including master netting arrangements. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225877-175312 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 + Details
Name: | us-gaap_OffsettingLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5618551-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5579245-113959 + Details
Name: | us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration