Derivative Financial Instruments (Tables)

3 Months Ended

Dec. 31, 2020

Derivative Instruments And Hedging Activities Disclosure [Abstract]

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:

(in thousands)	Fair Value of Derivatives Designated As Hedging Instruments				Fair Value of Derivatives Not Designated As Hedging Instruments
	December 31, 2020		September 30, 2020		December 31, 2020		September 30, 2020
Derivative assets(1):
Forward Contracts	$	583	$	3	$	620	$	900
Options	$	—	$	—	$	542	$	—
Derivative liabilities(2):
Forward Contracts	$	—	$	306	$	913	$	767

(1) As of December 31, 2020 and September 30, 2020, current derivative assets of $1.7 million and $0.9 million, respectively, are recorded in other current assets in the Consolidated Balance Sheets.

(2) As of December 31, 2020 and September 30, 2020, current derivative liabilities of $0.9 million and $1.1 million, respectively, are recorded in accrued expenses and other current liabilities in the Consolidated Balance Sheets.

Schedule of Notional Amounts of Outstanding Forward Contracts and Options

As of December 31, 2020 and September 30, 2020, we had outstanding forward contracts and options with notional amounts equivalent to the following:

Currency Hedged (in thousands)	December 31, 2020		September 30, 2020
Canadian / U.S. Dollar	$	5,696	$	6,847
Euro / U.S. Dollar(1)		569,595		390,673
British Pound / U.S. Dollar		7,525		6,328
Israeli Shekel / U.S. Dollar		9,468		9,503
Japanese Yen / U.S. Dollar		29,174		50,379
Swiss Franc / U.S. Dollar		8,969		12,874
Swedish Krona / U.S. Dollar		9,189		18,871
Chinese Renminbi / U.S. Dollar		11,698		5,415
Taiwanese Dollar / U.S. Dollar		4,195		1,482
All other		11,268		10,090
Total	$	666,777	$	512,462

As of December 31, 2020 and September 30, 2020, we had outstanding forward contracts designated as net investment hedges with notional amounts equivalent to the following:

Currency Hedged (in thousands)	December 31, 2020		September 30, 2020
Euro / U.S. Dollar	$	188,981	$	164,885

Schedule of 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 months ended December 31, 2020 and December 28, 2019:

(in thousands)		Three months ended
	Location of Loss	December 31, 2020			December 28, 2019
Net realized and unrealized loss, excluding the underlying foreign currency exposure being hedged	Other income (expense), net	$	(1,587	)	$	(536	)

The following table shows the effect of our derivative instruments designated as net investment hedges in the Consolidated Statements of Operations for the three months ended December 31, 2020 and December 28, 2019:

(in thousands)		Three months ended
	Location of Gain (Loss)	December 31, 2020		December 28, 2019
Gain (loss) recognized in OCI	OCI	$	580	$	(3,565	)
Gain (loss) reclassified from OCI	OCI		2,942		(762	)
Gain recognized, excluded portion	Other income (expense), net		307		1,229

Schedule of Offsetting Assets

The following table sets forth the offsetting of derivative assets as of December 31, 2020:

(in thousands)	Gross Amounts Offset in the Consolidated Balance Sheets						Gross Amounts Not Offset in the Consolidated Balance Sheets
As of December 31, 2020	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
Forward Contracts	$	1,203	$	—	$	1,203	$	(913	)	$	—	$	290

Schedule of Offsetting Liabilities

The following table sets forth the offsetting of derivative liabilities as of December 31, 2020:

(in thousands)	Gross Amounts Offset in the Consolidated Balance Sheets						Gross Amounts Not Offset in the Consolidated Balance Sheets
As of December 31, 2020	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
Forward Contracts	$	913	$	—	$	913	$	(913	)	$	—	$	—