Derivative Financial Instruments (Tables)

9 Months Ended

Jul. 02, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Notional Amounts of Outstanding Forward Contracts

As of July 2, 2016 and September 30, 2015, we had outstanding forward contracts with notional amounts equivalent to the following:

Currency Hedged	July 2, 2016		September 30, 2015
	(in thousands)
Canadian / U.S. Dollar	$	16,148	$	17,448
Euro / U.S. Dollar	145,317		82,917
British Pound / Euro	—		9,409
Israeli New Sheqel / U.S. Dollar	6,147		4,607
Japanese Yen / Euro	30,900		25,133
Japanese Yen / U.S. Dollar	6,716		—
Swiss Franc / U.S. Dollar	229		5,149
Swedish Krona / U.S. Dollar	5,111		3,128
All other	7,933		9,464
Total	$	218,501	$	157,255

As of July 2, 2016 and September 30, 2015, we had outstanding forward contracts designed as cash flow hedges with notional amounts equivalent to the following:

Currency Hedged	July 2, 2016		September 30, 2015
	(in thousands)
Euro / U.S. Dollar	$	60,742	$	—
Japanese Yen / U.S. Dollar	20,488		—
SEK / U.S. Dollar	9,267		—
Total	$	90,497	$	—

Net Gains and Losses on Foreign Currency Exposures

The following table shows the effect of our non-designated hedges in the Consolidated Statements of Operations for the three and nine months ended July 2, 2016 and July 4, 2015:

Derivatives Not Designated as Hedging Instruments	Location of Gain or (Loss) Recognized in Income	Net realized and unrealized gain or (loss) (excluding the underlying foreign currency exposure being hedged)
		Three months ended
		July 2, 2016			July 4, 2015
		(in thousands)
Forward Contracts	Other Income (Expense)	$	(1,059	)	$	(741	)
		Nine months ended
		July 2, 2016			July 4, 2015
		(in thousands)
Forward Contracts	Other Income (Expense)	$	(1,645	)	$	(1,122	)

The following table shows the effect of the our derivative instruments designated as cash flow hedges in the Consolidated Statements of Operations for the three and nine months ended July 2, 2016 and July 4, 2015 (in thousands):

Derivatives Designated as Hedging Instruments	Gain or (Loss)Recognized in OCI-Effective Portion					Location of Gain or (Loss) Reclassified from OCI into Income-Effective Portion	Gain or (Loss) Reclassified from OCI into Income-Effective Portion					Location of Gain or (Loss) Recognized-Ineffective Portion	Gain or (Loss) Recognized-Ineffective Portion
	Three Months Ended						Three Months Ended						Three Months Ended
	July 2, 2016			July 4, 2015			July 2, 2016			July 4, 2015			July 2, 2016			July 4, 2015
Forward Contracts	$	361		$	—	Software Revenue	$	(1,560	)	$	—	Other Income (Expense)	$	9		$	—
	Nine months ended						Nine months ended						Nine months ended
	July 2, 2016			July 4, 2015			July 2, 2016			July 4, 2015			July 2, 2016			July 4, 2015
Forward Contracts	$	(3,633	)	$	—	Software Revenue	$	(727	)	$	—	Other Income (Expense)	$	(28	)	$	—

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following table shows our derivative instruments measured at gross fair value as reflected in the Consolidated Balance Sheets:

	Fair Value of Derivatives Designated As Hedging Instruments				Fair Value of Derivatives Not Designated As Hedging Instruments
	July 2, 2016		September 30, 2015		July 2, 2016		September 30, 2015
	(in thousands)				(in thousands)
Derivative assets (a):
Forward Contracts	$	95	$	—	$	1,644	$	507
Derivative liabilities (b):
Forward Contracts	$	3,022	$	—	$	3,128	$	46
(a) All derivative assets are recorded in “other current assets” in the Consolidated Balance Sheets.
(b) All derivative liabilities are recorded in "accrued expenses and other current liabilities" in the Consolidated Balance Sheets.

Offsetting Assets

The following table sets forth the offsetting of derivative assets as of July 2, 2016:

	Gross Amounts Offset in the Consolidated Balance Sheets						Gross Amounts Not Offset in the Consolidated Balance Sheets
As of July 2, 2016	Gross Amount of Recognized Assets		Gross Amounts Offset in the Consolidated Balance Sheets		Net Amounts of Assets Presented in the Consolidated Balance Sheets		Financial Instruments			Cash Collateral Received		Net Amount
	(in thousands)
Forward Contracts	$	1,739	$	—	$	1,739	$	(1,739	)	$	—	$	—

Offsetting Liabilities

The following table sets forth the offsetting of derivative liabilities as of July 2, 2016:

	Gross Amounts Offset in the Consolidated Balance Sheets						Gross Amounts Not Offset in the Consolidated Balance Sheets
As of July 2, 2016	Gross Amount of Recognized Liabilities		Gross Amounts Offset in the Consolidated Balance Sheets		Net Amounts of Liabilities Presented in the Consolidated Balance Sheets		Financial Instruments			Cash Collateral Pledged		Net Amount
	(in thousands)
Forward Contracts	$	6,150	$	—	$	6,150	$	(1,739	)	$	—	$	4,411