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Derivative Financial Instruments (Tables) | 6 Months Ended
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Mar. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Notional Amounts of Outstanding Forward Contracts | As of March 30, 2019 and September 30, 2018, we had outstanding forward contracts with notional amounts equivalent to the following:
Currency Hedged | March 30, 2019 |  | September 30, 2018
| (in thousands)
Canadian / U.S. Dollar | 8,053 |  |  | 7,334 |
Euro / U.S. Dollar | 336,070 |  |  | 297,730 |
British Pound / U.S. Dollar | 8,769 |  |  | 7,074 |
Israeli Sheqel / U.S. Dollar | 7,399 |  |  | 9,778 |
Japanese Yen / U.S. Dollar | 27,101 |  |  | 37,456 |
Swiss Franc / U.S. Dollar | 7,046 |  |  | 11,944 |
Danish Kroner/ U.S. Dollar | 4,044 |  |  | 1,902 |
Swedish Kronor / U.S. Dollar | 19,509 |  |  | 18,207 |
Chinese Renminbi / U.S. Dollar | 9,409 |  |  | 9,010 |
All other | 10,978 |  |  | 5,521 |
Total | $ | 438,378 |  |  | $ | 405,956 |
As of March 30, 2019 and September 30, 2018, we had outstanding forward contracts designated as net investment hedges with notional amounts equivalent to the following:
Currency Hedged | March 30, 2019 |  | September 30, 2018
| (in thousands)
Euro / U.S. Dollar | $ | 219,995 |  |  | $ | — |
Total | $ | 219,995 |  |  | $ | — |
As of March 30, 2019 and September 30, 2018, we had outstanding forward contracts designated as cash flow hedges with notional amounts equivalent to the following:
Currency Hedged | March 30, 2019 |  | 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 |
Net Gains and Losses on Foreign Currency Exposures | 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 six months ended March 30, 2019 and March 31, 2018 (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
|  | March 30, 2019 |  | March 31, 2018 |  |  | March 30, 2019 |  | March 31, 2018 |  |  | March 30, 2019 |  | March 31, 2018
Forward Contracts |  | $ | 1,466 |  |  | $ | — |  |  | Accumulated other comprehensive loss | $ | (1,813 | ) |  | $ | — |  |  | Other income (expense), net | $ | 1,107 |  |  | $ | — |
|  | Six months ended |  |  | Six months ended |  |  | Six months ended
|  | March 30, 2019 |  | March 31, 2018 |  |  | March 30, 2019 |  | March 31, 2018 |  |  | March 30, 2019 |  | March 31, 2018
Forward Contracts |  | $ | 768 |  |  | $ | — |  |  | Accumulated other comprehensive loss | $ | (1,040 | ) |  | $ | — |  |  | Other income (expense), net | $ | 1,593 |  |  | $ | — |
The following table shows the effect of our derivative instruments designated as cash flow hedges in the Consolidated Statements of Operations for the three and six months ended March 30, 2019 and March 31, 2018 (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
|  | March 30, 2019 |  | March 31, 2018 |  |  |  | March 30, 2019 |  | March 31, 2018 |  |  |  | March 30, 2019 |  | March 31, 2018
Forward Contracts |  | $ | — |  |  | $ | (2,339 | ) |  | Total software revenue |  | $ | — |  |  | $ | (1,728 | ) |  | Other income (expense), net |  | $ | — |  |  | $ | (16 | )
|  | Six months ended |  |  |  | Six months ended |  |  |  | Six months ended
|  | March 30, 2019 |  | March 31, 2018 |  |  |  | March 30, 2019 |  | March 31, 2018 |  |  |  | March 30, 2019 |  | March 31, 2018
Forward Contracts |  | $ | 187 |  |  | $ | (3,382 | ) |  | Total software revenue |  | $ | 627 |  |  | $ | (2,382 | ) |  | Other income (expense), net |  | $ | — |  |  | $ | (35 | )
The following table shows the effect of our non-designated hedges in the Consolidated Statements of Operations for the three and six months ended March 30, 2019 and March 31, 2018:
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 |  | Six months ended
|  |  |  | March 30, 2019 |  | March 31, 2018 |  | March 30, 2019 |  | March 31, 2018
|  |  |  | (in thousands)
Forward Contracts |  | Other income (expense), net |  | $ | (1,752 | ) |  | $ | 2,435 |  |  | $ | (2,739 | ) |  | $ | 3,022 |
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
| March 30, 2019 |  | September 30, 2018 |  | March 30, 2019 |  | September 30, 2018
| (in thousands)
Derivative assets (1): |  |  |  |  |  |  |
Forward Contracts | $ | 2,361 |  |  | $ | 440 |  |  | $ | 1,539 |  |  | $ | 2,449 |
Derivative liabilities (2): |  |  |  |  |  |  |
Forward Contracts | $ | — |  |  | $ | — |  |  | $ | 3,014 |  |  | $ | 3,419 |
(1) | As of March 30, 2019 and September 30, 2018, current derivative assets of $3.9 million and $2.9 million, respectively, are recorded in other current assets in the Consolidated Balance Sheets.
(2) | As of March 30, 2019 and September 30, 2018, current derivative liabilities of $3.0 million and $3.4 million, 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 March 30, 2019:
| Gross Amounts Offset in the Consolidated Balance Sheets |  |  |  | Gross Amounts Not Offset in the Consolidated Balance Sheets |  |
As of March 30, 2019 | 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 | $ | 3,900 |  |  | $ | — |  |  | $ | 3,900 |  |  | $ | (3,014 | ) |  | $ | — |  |  | $ | 886 |
Offsetting Liabilities | The following table sets forth the offsetting of derivative liabilities as of March 30, 2019:
| Gross Amounts Offset in the Consolidated Balance Sheets |  |  |  | Gross Amounts Not Offset in the Consolidated Balance Sheets |  |
As of March 30, 2019 | 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 | $ | 3,014 |  |  | $ | — |  |  | $ | 3,014 |  |  | $ | (3,014 | ) |  | $ | — |  |  | $ | — |

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