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Derivative Financial Instruments (Tables)

12 Months Ended

Sep. 30, 2021

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Forward Contracts

As of September 30, 2021 and 2020, we had outstanding forward contracts for derivatives not designated as hedging instruments with notional amounts equivalent to the following:

		September 30,
Currency Hedged (in thousands)		2021				2020
Canadian / U.S. Dollar		$	4,894			$	6,847
Euro / U.S. Dollar			387,466				390,673
British Pound / U.S. Dollar			23,141				6,328
Israeli Shekel / U.S. Dollar			10,475				9,503
Japanese Yen / U.S. Dollar			46,450				50,379
Swiss Franc / U.S. Dollar			18,039				12,874
Swedish Krona / U.S. Dollar			34,196				18,871
Singapore Dollar / U.S. Dollar			3,498				3,281
Chinese Renminbi / U.S. Dollar			23,297				5,415
New Taiwan Dollar / U.S. Dollar			3,369				1,483
Russian Ruble/ U.S. Dollar			2,614				309
All other			6,482				6,499
Total		$	563,921			$	512,462

We had no outstanding forward contracts designated as cash flow hedges as of either September 30, 2021, 2020 or 2019. For the year ended September 30, 2019, we had a gain of $0.2 million related to effective portion of the hedge recognized in other comprehensive income on the Consolidated Balance Sheet, and $0.6 million reclassified from other comprehensive income on the Consolidated Balance Sheet into software revenue on the Consolidated Statements of Operations.

As of September 30, 2021 and 2020, we had outstanding forward contracts designated as net investment hedges with notional amounts equivalent to the following:

		September 30,
Currency Hedged (in thousands)		2021				2020
Euro / U.S. Dollar		$	128,103			$	164,885

Schedule of Net Gains and Losses on Foreign Currency Exposures

The following table shows the effect of our non-designated hedges, all of which were forward contracts, on the Consolidated Statements of Operations for the years ended September 30, 2021, 2020 and 2019:

(in thousands)				Year ended September 30,
		Location of gain (loss)		2021				2020				2019
Net realized and unrealized gain (loss), excluding the underlying foreign currency exposure being hedged		Other income, net		$	(3,758	)		$	3,518			$	(11,314	)

The following table shows the effect of our derivative instruments designated as net investment hedges, all of which were forward contracts, on the Consolidated Statements of Operations for the years ended September 30, 2021, 2020, and 2019:

(in thousands)				Year ended September 30,
		Location of gain (loss)		2021				2020				2019
Gain (loss) recognized in OCI—effective portion		OCI		$	695			$	(5,483	)		$	(2,925	)
Gain (loss) reclassified from OCI—effective portion		OCI		$	2,723			$	109			$	(7,630	)
Gain recognized—portion excluded from effectiveness testing		Other income, net		$	1,249			$	3,506			$	4,598

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
		September 30,
		2021				2020				2021				2020
Derivative assets:(1)
Forward contracts		$	1,641			$	3			$	3,722			$	900
Derivative liabilities:(2)
Forward contracts		$	—			$	306			$	3,318			$	767

(1) As of September 30, 2021 and 2020, current derivative assets of $5.4 million and $0.9 million, respectively, are recorded in other current assets on the Consolidated Balance Sheets.

(2) As of September 30, 2021 and 2020, current derivative liabilities of $3.3 million and $1.1 million, respectively, are recorded in accrued expenses and other current liabilities on the Consolidated Balance Sheets.

Schedule of Offsetting Assets

The following table sets forth the offsetting of derivative assets as of September 30, 2021:

(in thousands)		Gross Amounts Offset in the Consolidated Balance Sheets												Gross Amounts Not Offset in the Consolidated Balance Sheets
As of September 30, 2021		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		$	5,363			$	—			$	5,363			$	(3,318	)		$	—			$	2,045

Schedule of Offsetting Liabilities

The following table sets forth the offsetting of derivative liabilities as of September 30, 2021:

(in thousands)		Gross Amounts Offset in the Consolidated Balance Sheets												Gross Amounts Not Offset in the Consolidated Balance Sheets
As of September 30, 2021		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		$	3,318			$	—			$	3,318			$	(3,318	)		$	—			$	—

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