Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Dec. 31, 2017

Derivative Instruments and Hedging Activities

Schedule of notional principal amounts of the outstanding derivative instruments

The following table shows the notional principal amounts of our outstanding derivative instruments as of December 31, 2017 and September 30, 2017 (in thousands):


	Notional Principal
	December 31, 2017		September 30, 2017
Instruments designated as accounting hedges:
Foreign currency forwards	$	123,575	$	125,486

Instruments not designated as accounting hedges:
Foreign currency forwards	$	43,264	$	35,117

Schedule of fair value of derivative financial instruments

The table below presents the fair value of our derivative financial instruments that qualify for hedge accounting as well as their classification on the Condensed Consolidated Balance Sheets as of December 31, 2017 and September 30, 2017 (in thousands):


		Fair Value
	Balance Sheet Location	December 31, 2017		September 30, 2017
Asset derivatives:
Foreign currency forwards	Other current assets	$	2,416	$	2,591
Foreign currency forwards	Other noncurrent assets		443		1,128
		$	2,859	$	3,719
Liability derivatives:
Foreign currency forwards	Other current liabilities	$	2,601	$	3,456
Foreign currency forwards	Other noncurrent liabilities		443		1,128
Total		$	3,044	$	4,584

Schedule of gains and losses recognized in other comprehensive loss on derivative financial instruments designated as cash flow hedges

The tables below present gains and losses recognized in other comprehensive loss for the three months ended December 31, 2017 and 2016 related to derivative financial instruments designated as cash flow hedges, as well as the amount of gains and losses reclassified into earnings during those periods (in thousands):

Three Months Ended

December 31, 2017

December 31, 2016

Gains (losses)

reclassified into

recognized in

earnings -

Gains (losses)

earnings -

Derivative Type

OCI

Effective Portion

recognized in OCI

Effective Portion

Foreign currency forwards

656

(774)

(614)

1,331