Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Jun. 30, 2019

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 June 30, 2019 and September 30, 2018 (in thousands):

	Notional Principal
	June 30, 2019		September 30, 2018
Instruments designated as accounting hedges:
Foreign currency forwards	$	157,196	$	169,406
Instruments not designated as accounting hedges:
Foreign currency forwards	$	16,957	$	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 (in thousands):

		Fair Value
	Balance Sheet Location	June 30, 2019		September 30, 2018
Asset derivatives:
Foreign currency forwards	Other current assets	$	2,019	$	1,803
Foreign currency forwards	Other assets		314		314
		$	2,333	$	2,117
Liability derivatives:
Foreign currency forwards	Other current liabilities	$	1,263	$	1,657
Foreign currency forwards	Other long-term liabilities		116		75
Total		$	1,379	$	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) related to derivative financial instruments designated as cash flow hedges, as well as the amount of gains and losses reclassified into earnings (in thousands):

	Nine Months Ended
	June 30, 2019				June 30, 2018
			Gains (losses)				Gains (losses)
	Gains (losses)		reclassified into				reclassified into
	recognized in		earnings -		Gains (losses)		earnings -
Derivative Type	OCI		Effective Portion		recognized in OCI		Effective Portion
Foreign currency forwards	$	(134)	$	466	$	163	$	(1,468)
	Three Months Ended
	June 30, 2019				June 30, 2018
			Gains (losses)				Gains (losses)
	Gains (losses)		reclassified into				reclassified into
	recognized in		earnings -		Gains (losses)		earnings -
Derivative Type	OCI		Effective Portion		recognized in OCI		Effective Portion
Foreign currency forwards	$	661	$	94	$	(848)	$	(670)