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Derivative Financial Instruments | 12 Months Ended
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Sep. 30, 2019
Derivative Instruments And Hedging Activities Disclosure [Abstract] |
Derivative Financial Instruments | 5. Derivative Financial Instruments At September 30, 2019 and 2018, the Company’s Canadian subsidiary had CAN$9.3 million and CAN$20.4 million, respectively, of Canadian dollar denominated intercompany accounts payable owed to one of the Company’s U.S subsidiaries. In order to mitigate its exposure to movements in foreign currency rates between the U.S. dollar and Canadian dollar, the Company routinely enters into foreign currency forward contracts to hedge a portion of its exposure to changes in the value of the Canadian dollar. At September 30, 2019 and 2018, the Company had short-term hedge contracts of CAN$7.0 million and CAN$30.0 with a United States bank to reduce the impact on cash flows from movements in the Canadian dollar/U.S. dollar currency exchange rate, but have not been designated as a hedge for accounting purposes. The following table summarizes the gross fair value of all derivative instruments, which are not designated as hedging instruments and their location in the consolidated balance sheets (in thousands):
Derivative Instrument |  | Location |  | AS OF SEPTEMBER 30, |
|  |  |  | 2019 |  |  | 2018 |
Foreign Currency Forward Contracts |  | Accrued Expenses and Other Current Liabilities |  | $ | 4 |  |  | $ | 270 |
The following table summarizes the impact of the Company’s derivatives on the consolidated statements of operations (in thousands):
|  |  |  | YEAR ENDED SEPTEMBER 30, |
Derivative Instrument |  | Location |  | 2019 |  |  | 2018 |
Foreign Currency Forward Contracts |  | Other Income (Expense) |  | $ | 552 |  |  | $ | 779 |
Amounts in the above table include realized and unrealized derivative gains and losses.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -URI http://asc.fasb.org/topic&trid=2229140 + Details
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