Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Dec. 31, 2018

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, 2018 and September 30, 2018 (in thousands):


	Notional Principal
	December 31, 2018		September 30, 2018
Instruments designated as accounting hedges:
Foreign currency forwards	$	169,095	$	169,406

Instruments not designated as accounting hedges:
Foreign currency forwards	$	24,824	$	27,909

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 in the Condensed Consolidated Balance Sheets as of December 31, 2018 and September 30, 2018 (in thousands):


		Fair Value
	Balance Sheet Location	December 31, 2018		September 30, 2018
Asset derivatives:
Foreign currency forwards	Other current assets	$	5,036	$	1,803
Foreign currency forwards	Other noncurrent assets		582		314
		$	5,618	$	2,117
Liability derivatives:
Foreign currency forwards	Other current liabilities	$	3,367	$	1,657
Foreign currency forwards	Other noncurrent liabilities		—		75
Total		$	3,367	$	1,732

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 income (loss) for the three months ended December 31, 2018 and 2017 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, 2018

December 31, 2017

Gains (losses)

reclassified into

recognized in

earnings -

Gains (losses)

earnings -

Derivative Type

OCI

Effective Portion

recognized in OCI

Effective Portion

Foreign currency forwards

1,779

(33)

656

(774)