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Derivative Financial Instruments (Tables)

12 Months Ended

Sep. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Notional Amounts of Derivative Instruments

The table below presents the total volume or notional amounts of the Company’s derivative instruments as of September 30, 2024. Notional values are in U.S. dollars and are translated and calculated based on forward rates as of September 30, 2024 for forward contracts.

		Notional Value*
Foreign exchange contracts		$	1,647,952

(*) Gross notional amounts do not quantify risk or represent assets or liabilities of the Company but are used in the calculation of settlements under the contracts.

Fair Value of Open Foreign Currency Exchange Contracts

The Company records all derivative instruments on the consolidated balance sheets at fair value. For further information, please see Note 5 to the consolidated financial statements. The fair value of the open foreign exchange contracts recorded as an asset or a liability by the Company on its consolidated balance sheets as of September 30, 2024 and September 30, 2023, is as follows:

		As of September 30,
		2024				2023
Derivatives designated as hedging instruments
Prepaid expenses and other current assets		$	3,264			$	968
Other noncurrent assets			2,987				331
Accrued expenses and other current liabilities			(4,093	)			(32,295	)
Other noncurrent liabilities			(236	)			(7,050	)
			1,922				(38,046	)
Derivatives not designated as hedging instruments
Prepaid expenses and other current assets			2,674				10,586
Other noncurrent assets			1,236				—
Accrued expenses and other current liabilities			(12,212	)			(9,372	)
			(8,302	)			1,214
Net fair value		$	(6,380	)		$	(36,832	)

Effect of Cash Flow Hedging Instruments

The effect of the Company’s cash flow hedging instruments in the consolidated statements of income for the fiscal years ended September 30, 2024, 2023 and 2022, respectively, which partially offsets the foreign currency impact from the underlying exposures, is summarized as follows:

		(Losses) Gains Reclassified from Accumulated Other Comprehensive Loss (Effective Portion) Year Ended September 30,
		2024				2023				2022
Line item in consolidated statements of income:
Revenue		$	1,116			$	1,132			$	445
Cost of revenue			(15,438	)			(30,078	)			(9,194	)
Research and development			(5,020	)			(9,151	)			(3,376	)
Selling, general and administrative			(4,937	)			(9,098	)			(3,910	)
Total		$	(24,279	)		$	(47,195	)		$	(16,035	)

Changes in Net Unrealized Gains (Losses) on Cash Flow Hedges

The activity related to the changes in net unrealized gains (losses) on cash flow hedges recorded in accumulated other comprehensive loss, net of tax, is as follows:

		Year Ended September 30,
		2024				2023				2022
Net unrealized (losses) gains on cash flow hedges, net of tax,    beginning of period		$	(34,677	)		$	(46,580	)		$	13,773
Changes in fair value of cash flow hedges, net of tax			14,917				(32,655	)			(75,226	)
Reclassification of losses into earnings, net of tax			22,797				44,558				14,873
Net unrealized gains (losses) on cash flow hedges, net of tax,    end of period		$	3,037			$	(34,677	)		$	(46,580	)

Effect of Non-Designated as Hedging Instruments

The effect of the Company’s derivative instruments not designated as hedging instruments in the consolidated statements of income for the fiscal years ended September 30, 2024, 2023 and 2022, respectively, which partially offsets the foreign currency impact from the underlying exposure, is summarized as follows:

		(Losses) Gains Recognized in Income Year Ended September 30,
		2024				2023				2022
Line item in statements of income:
Cost of revenue		$	1,055			$	(2,126	)		$	(8,731	)
Research and development			297				(1,078	)			(2,195	)
Selling, general and administrative			329				(996	)			(2,375	)
Interest and other expense, net			(11,664	)			(16,312	)			(2,132	)
Income taxes			(451	)			(73	)			3,018
Total		$	(10,434	)		$	(20,585	)		$	(12,415	)

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Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings.

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