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Derivative Financial Instruments (Tables)
 6 Months Ended
Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Notional Amounts of Outstanding Forward Contracts
As of March 31, 2018 and September 30, 2017, we had outstanding forward contracts with notional amounts equivalent to the following:
Currency Hedged
March 31,
2018
 
September 30,
2017
 
(in thousands)
Canadian / U.S. Dollar
$
7,500

 
$
12,809

Swiss Franc / Euro
—

 
7,157

Swiss Franc / U.S. Dollar
13,135

 
605

Chinese Yuan offshore / Euro
—

 
10,423

Euro / U.S. Dollar
320,627

 
244,000

Japanese Yen / Euro
18,864

 
17,694

Israeli Shekel / U.S. Dollar
6,684

 
8,820

Japanese Yen / U.S. Dollar
5,611

 
3,198

Swedish Krona / U.S. Dollar
12,619

 
4,627

Danish Krona / U.S. Dollar
4,629

 
1,743

Brazilian Real / U.S. Dollar
3,117

 
—

All other
8,725

 
7,443

Total
$
401,511

 
$
318,519

As of March 31, 2018 and September 30, 2017, we had outstanding forward contracts designated as cash flow hedges with notional amounts equivalent to the following:
Currency Hedged
March 31,
2018
 
September 30,
2017
 
(in thousands)
Euro / U.S. Dollar
$
55,744

 
$
64,831

Japanese Yen / U.S. Dollar
20,077

 
22,675

SEK / U.S. Dollar
15,116

 
14,091

Total
$
90,937

 
$
101,597
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 six months ended March 31, 2018 and April 1, 2017:
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
 
Six months ended
 
 
 
 
March 31,
2018
 
April 1,
2017
 
March 31,
2018
 
April 1,
2017
 
 
 
 
(in thousands)
Forward Contracts
 
Interest income and other expense, net
 
$
2,435

 
$
238

 
$
3,022

 
$
(8,091
)
The following table shows the effect of our derivative instruments designated as cash flow hedges in the Consolidated Statements of Operations for the three and six months ended March 31, 2018 and April 1, 2017 (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
 
 
March 31,
2018
 
April 1,
2017
 
 
 
March 31,
2018
 
April 1,
2017
 
 
 
March 31,
2018
 
April 1,
2017
Forward Contracts
 
$
(2,339
)
 
$
(589
)
 
Subscription, support and license revenue
 
$
(1,728
)
 
$
567

 
Interest income and other expense, net
 
$
(16
)
 
$
(4
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six months ended
 
 
 
Six months ended
 
 
 
Six months ended
 
 
March 31,
2018
 
April 1,
2017
 
 
 
March 31,
2018
 
April 1,
2017
 
 
 
March 31,
2018
 
April 1,
2017
Forward Contracts
 
$
(3,382
)
 
$
2,882

 
Subscription, support and license revenue
 
$
(2,382
)
 
$
974

 
Interest income and other expense, net
 
$
(35
)
 
$
5
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
 
March 31,
2018
 
September 30,
2017
 
March 31,
2018
 
September 30,
2017
 
(in thousands)
 
(in thousands)
Derivative assets (1):
 
 
 
 
 
 
 
       Forward Contracts
$
296

 
$
540

 
$
531

 
$
623

Derivative liabilities (2):
 
 
 
 
 
 
 
       Forward Contracts
$
3,119

 
$
2,352

 
$
1,718

 
$
1,995

(1) As of March 31, 2018, $827 thousand current derivative assets are recorded in other current assets, in the Consolidated Balance Sheets. As of September 30, 2017, $1,128 thousand current derivative assets are recorded in other current assets, and $35 thousand long-term derivative assets are recorded in other assets in the Consolidated Balance Sheets.
(2) As of March 31, 2018, $4,837 thousand current derivative liabilities are recorded in accrued expenses and other current liabilities in the Consolidated Balance Sheets. As of September 30, 2017, $4,329 thousand current derivative liabilities are recorded in accrued expenses and other current liabilities, and $18 thousand long term derivative liabilities are recorded in other liabilities in the Consolidated Balance Sheets.
Offsetting Assets
The following table sets forth the offsetting of derivative assets as of March 31, 2018:
 
Gross Amounts Offset in the Consolidated Balance Sheets
 
 
 
Gross Amounts Not Offset in the Consolidated Balance Sheets
 
 
As of March 31, 2018
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
$
827

 
$
—

 
$
827

 
$
(827
)
 
$
—

 
$
—
Offsetting Liabilities
The following table sets forth the offsetting of derivative liabilities as of March 31, 2018:
 
Gross Amounts Offset in the Consolidated Balance Sheets
 
 
 
Gross Amounts Not Offset in the Consolidated Balance Sheets
 
 
As of March 31, 2018
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
$
4,837

 
$
—

 
$
4,837

 
$
(827
)
 
$
—

 
$
4,010