PTC (PTC) 10-Q 7 Feb 22 2022 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Dec. 31, 2021	Feb. 03, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 2021
Document Transition Report	false
Entity File Number	0-18059
Entity Registrant Name	PTC Inc.
Entity Incorporation, State or Country Code	MA
Entity Tax Identification Number	04-2866152
Entity Address, Address Line One	121 Seaport Boulevard
Entity Address, City or Town	Boston
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	02210
City Area Code	781
Local Phone Number	370-5000
Title of 12(b) Security	Common Stock, $.01 par value per share
Trading Symbol	PTC
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		116,952,189
Amendment Flag	false
Entity Central Index Key	0000857005
Current Fiscal Year End Date	--09-30
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2021	Sep. 30, 2021
ASSETS
Cash and cash equivalents	$ 296,125	$ 326,532
Accounts receivable, net of allowance for doubtful accounts of $295 and $304 at December 31, 2021 and September 30, 2021, respectively	478,673	541,072
Prepaid expenses	89,473	69,991
Other current assets	145,051	135,415
Total current assets	1,009,322	1,073,010
Property and equipment, net	96,848	100,237
Goodwill	2,189,880	2,191,887
Acquired intangible assets, net	363,877	378,967
Deferred tax assets	292,171	297,789
Operating right-of-use lease assets	150,261	152,337
Other assets	318,261	313,333
Total assets	4,420,620	4,507,560
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable	32,922	33,381
Accrued expenses and other current liabilities	132,806	113,067
Accrued compensation and benefits	119,928	117,784
Accrued income taxes	2,867	5,055
Deferred revenue	464,910	482,131
Short-term lease obligations	26,545	27,864
Total current liabilities	779,978	779,282
Long-term debt	1,440,014	1,439,471
Deferred tax liabilities	4,279	4,165
Long-term deferred revenue	16,160	15,546
Long-term lease obligations	179,487	180,935
Other liabilities	46,890	49,693
Total liabilities	2,466,808	2,469,092
Commitments and contingencies (Note 10)
Stockholders’ equity:
Preferred stock, $0.01 par value; 5,000 shares authorized; none issued	0	0
Common stock, $0.01 par value; 500,000 shares authorized; 116,870 and 117,163 shares issued and outstanding at December 31, 2021 and September 30, 2021, respectively	1,169	1,172
Additional paid-in capital	1,590,285	1,718,504
Retained earnings	460,745	414,656
Accumulated other comprehensive loss	(98,387)	(95,864)
Total stockholders’ equity	1,953,812	2,038,468
Total liabilities and stockholders’ equity	$ 4,420,620	$ 4,507,560

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2021	Sep. 30, 2021
Current assets:
Allowance for doubtful accounts	$ 295	$ 304
Stockholders’ equity:
Preferred stock, par value (in USD per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Common stock, par value (in USD per share)	$ 0.01	$ 0.01
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	116,870,000	117,163,000
Common stock, shares outstanding	116,870,000	117,163,000

Consolidated Statements Of Oper

Consolidated Statements Of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Revenue:
Revenue	$ 457,721	$ 429,050
Cost of revenue:
Cost of revenue	95,118	86,830
Gross margin	362,603	342,220
Operating expenses:
Sales and marketing	125,476	124,725
Research and development	80,534	70,835
General and administrative	51,940	49,528
Amortization of acquired intangible assets	8,484	6,547
Restructuring and other charges, net	33,991	247
Total operating expenses	300,425	251,882
Operating income	62,178	90,338
Interest expense	(12,986)	(11,518)
Other income (expense), net	6,184	(1,413)
Income before income taxes	55,376	77,407
Provision for income taxes	9,287	53,892
Net income	$ 46,089	$ 23,515
Earnings per share—Basic	$ 0.39	$ 0.20
Earnings per share—Diluted	$ 0.39	$ 0.20
Weighted-average shares outstanding—Basic	117,347	116,401
Weighted-average shares outstanding—Diluted	118,598	117,605
License
Revenue:
Revenue	$ 413,593	$ 393,420
Cost of revenue:
Cost of revenue	55,679	51,598
License
Revenue:
Revenue	169,108	177,175
Cost of revenue:
Cost of revenue	9,794	13,256
Support and cloud services
Revenue:
Revenue	244,485	216,245
Cost of revenue:
Cost of revenue	45,885	38,342
Professional services
Revenue:
Revenue	44,128	35,630
Cost of revenue:
Cost of revenue	$ 39,439	$ 35,232

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 46,089	$ 23,515
Other comprehensive income (loss), net of tax:
Hedge gain (loss) arising during the period, net of tax of $0.8 million and $0 million in the first quarter of 2022 and 2021, respectively	2,495	(6,779)
Foreign currency translation adjustment, net of tax of $0 for each period	(5,668)	19,975
Unrealized gain (loss) on marketable securities, net of tax of $0 for each period	0	(307)
Amortization of net actuarial pension loss included in net income, net of tax of $0.1 million and $0.3 million in the first quarter of 2022 and 2021, respectively	265	732
Change in unamortized pension gain (loss) during the period related to changes in foreign currency	385	(1,112)
Other comprehensive income (loss)	(2,523)	12,509
Comprehensive income	$ 43,566	$ 36,024

Consolidated Statements Of Co_2

Consolidated Statements Of Comprehensive Income (Parenthetical) - USD ($)	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Statement Of Income And Comprehensive Income [Abstract]
Hedge gain (loss) arising during the period, tax	$ 800,000	$ 0
Foreign currency translation adjustment, tax	0	0
Unrealized gain (loss) on marketable securities, tax	0	0
Amortization of net actuarial pension loss included in net income, tax	$ 100,000	$ 300,000

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net income	$ 46,089	$ 23,515
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	22,088	18,835
Amortization of right-of-use lease assets	8,860	9,391
Stock-based compensation	45,942	46,088
Gain on investment	(9,766)	0
Other non-cash items, net	(273)	(331)
Changes in operating assets and liabilities, excluding the effects of acquisitions:
Accounts receivable	57,316	10,315
Accounts payable and accrued expenses	12,959	12,381
Accrued compensation and benefits	2,853	(9,252)
Deferred revenue	(13,696)	(851)
Accrued income taxes	(8,328)	44,537
Other current assets and prepaid expenses	(13,474)	4,288
Operating lease liabilities	(2,343)	(9,501)
Other noncurrent assets and liabilities	(10,491)	(35,653)
Net cash provided by operating activities	137,736	113,762
Cash flows from investing activities:
Additions to property and equipment	(3,362)	(2,857)
Purchases of short- and long-term marketable securities	0	(7,562)
Proceeds from sales of short- and long-term marketable securities	0	56,170
Proceeds from maturities of short- and long-term marketable securities	0	9,861
Purchases of investments	0	(1,000)
Purchase of intangible assets	(450)	(550)
Settlement of net investment hedges	6,473	(7,359)
Net cash provided by investing activities	2,661	46,703
Cash flows from financing activities:
Repayments of borrowings under credit facility	0	(18,000)
Repurchases of common stock	(119,739)	0
Payments of withholding taxes in connection with stock-based awards	(49,165)	(24,500)
Payments of principal for financing leases	(239)	(279)
Net cash used in financing activities	(169,143)	(42,779)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(1,661)	5,553
Net change in cash, cash equivalents, and restricted cash	(30,407)	123,239
Cash, cash equivalents, and restricted cash, beginning of period	327,046	275,960
Cash, cash equivalents, and restricted cash, end of period	296,639	399,199
Supplemental disclosure of non-cash financing activities:
Withholding taxes in connection with stock-based awards, accrued	0	(931)
Repurchases of common stock, accrued	$ (5,260)	$ 0

Consolidated Statements of Stoc

Consolidated Statements of Stockholder's Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss
Beginning balance at Sep. 30, 2020	$ 1,438,248	$ 1,161	$ 1,602,728	$ (62,267)	$ (103,374)
Beginning balance (in shares) at Sep. 30, 2020		116,125
Common stock issued for employee stock-based awards		$ 8	(8)
Common stock issued for employee stock-based awards (in shares)		802
Shares surrendered by employees to pay taxes related to stock-based awards	(25,431)	$ (2)	(25,429)
Shares surrendered by employees to pay taxes related to stock-based awards (in shares)		(263)
Compensation expense from stock-based awards	46,088		46,088
Net income	23,515			23,515
Unrealized gain (loss) on net investment hedges, net of tax	(6,779)				(6,779)
Foreign currency translation adjustment	19,975				19,975
Unrealized loss on marketable securities, net of tax	(307)				(307)
Change in pension benefits, net of tax	(380)				(380)
Ending balance at Dec. 31, 2020	1,494,929	$ 1,167	1,623,379	(38,752)	(90,865)
Ending balance (in shares) at Dec. 31, 2020		116,664
Beginning balance at Sep. 30, 2021	$ 2,038,468	$ 1,172	1,718,504	414,656	(95,864)
Beginning balance (in shares) at Sep. 30, 2021	117,163	117,163
Common stock issued for employee stock-based awards		$ 11	(11)
Common stock issued for employee stock-based awards (in shares)		1,120
Shares surrendered by employees to pay taxes related to stock-based awards	$ (49,165)	$ (4)	(49,161)
Shares surrendered by employees to pay taxes related to stock-based awards (in shares)		(410)
Compensation expense from stock-based awards	45,942		45,942
Repurchases of common stock	$ (124,999)	$ (10)	(124,989)
Repurchases of common stock (in shares)	(1,003)	(1,003)
Net income	$ 46,089			46,089
Unrealized gain (loss) on net investment hedges, net of tax	2,495				2,495
Foreign currency translation adjustment	(5,668)				(5,668)
Unrealized loss on marketable securities, net of tax	0
Change in pension benefits, net of tax	650				650
Ending balance at Dec. 31, 2021	$ 1,953,812	$ 1,169	$ 1,590,285	$ 460,745	$ (98,387)
Ending balance (in shares) at Dec. 31, 2021	116,870	116,870

Basis of Presentation

Basis of Presentation	3 Months Ended
	Dec. 31, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	1. Basis of Presentation General The accompanying unaudited condensed consolidated financial statements include the accounts of PTC Inc. and its wholly owned subsidiaries and have been prepared by management in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP) and in accordance with the rules and regulations of the Securities and Exchange Commission regarding interim financial reporting. Accordingly, they do not include all the information and footnotes required by generally accepted accounting principles for complete financial statements. While we believe that the disclosures presented are adequate in order to make the information not misleading, these unaudited quarterly financial statements should be read in conjunction with our annual consolidated financial statements and related notes included in our Annual Report on Form 10-K for the fiscal year ended September 30, 2021. In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all adjustments, consisting only of those of a normal recurring nature, necessary for a fair statement of our financial position, results of operations and cash flows at the dates and for the periods indicated. The September 30, 2021 Consolidated Balance Sheet included herein is derived from our audited consolidated financial statements. Unless otherwise indicated, all references to a year mean our fiscal year, which ends on September 30. Risks and Uncertainties - COVID-19 Pandemic The COVID-19 pandemic that began in early 2020 continues to significantly affect global economic activity and create macroeconomic uncertainty. We assessed certain accounting matters that generally require consideration of forecasted financial information in context with the information reasonably available to us and the unknown future impacts of the COVID-19 pandemic as of December 31, 2021 and through the date of this report. The accounting matters assessed included, but were not limited to, our allowance for doubtful accounts, stock-based compensation, the carrying value of our goodwill and other long-lived assets, financial assets, valuation allowances for tax assets and revenue recognition. While our assessment did not result in a material impact to our consolidated financial statements as of and for the quarter ended December 31, 2021, our future assessment could result in material impacts to our consolidated financial statements in future reporting periods. Recently Adopted Accounting Pronouncements Income Taxes In December 2019, the FASB issued Accounting Standards Update ASU 2019-12, Income Taxes (Topic 740) on Simplifying the Accounting for Income Taxes. The decisions reflected in ASU 2019-12 update specific areas of ASC 740, Income Taxes Pending Accounting Pronouncements Reference Rate Reform In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. The ASU provides optional guidance for contract modifications and certain hedging relationships associated with the transition from reference rates that are expected to be discontinued. ASU 2020-04 is effective for all entities upon issuance through December 31, 2022. We are still evaluating the impact, but do not expect the standard to have a material impact on our consolidated financial statements. Business Combinations In October 2021, the FASB issued Accounting Standards Update ASU 2021-08, Business Combinations (Topic 805) on Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. This ASU is intended to improve the accounting for acquired revenue contracts with customers in a business combination by addressing diversity in practice and inconsistency related to 1) recognition of an acquired contract asset and liability, and 2) payment terms and their effect on subsequent revenue recognized by the acquirer. ASU 2021-08 will be effective for us in the first quarter of 2024, though early adoption of the standard is permitted. We are currently evaluating the impact the standard will have on our consolidated financial statements, but at this time we do not expect it to be material for prior acquisitions . T he impact in future periods will depend on the contract assets and contract liabilities acquired in future business combinations.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	3 Months Ended
	Dec. 31, 2021
Revenue From Contract With Customer [Abstract]
Revenue from Contracts with Customers	2. Revenue from Contracts with Customers Contract Assets and Contract Liabilities (in thousands) December 31, 2021 September 30, 2021 Contract asset $ 13,177 $ 12,934 Deferred revenue $ 481,070 $ 497,677 As of December 31, 2021, $8.4 million of our contract assets are expected to be transferred to receivables within the next 12 months and therefore are included in other current assets. The remainder is included in other long-term assets and expected to be transferred within the next 24 months. Approximately $5.1 million of the September 30, 2021 contract asset balance was transferred to receivables during the three months ended December 31, 2021 as a result of the right to payment becoming unconditional. Additions to contract assets of approximately $5.4 million related to revenue recognized in the period, net of billings. The majority of the contract asset balance relates to two large professional services contracts with invoicing terms based on performance milestones. There were no impairments of contract assets during the three months ended December 31, 2021. During the three months ended December 31, 2021, we recognized $222.0 million of revenue that was included in deferred revenue as of September 30, 2021 and there were additional deferrals of $205.4 million, primarily related to new billings. For subscription contracts, we generally invoice customers annually. The balance of total short- and long-term receivables as of December 31, 2021 was $683.8 million, compared to total short- and long-term receivables as of September 30, 2021 of $744.6 million. Our multi-year, non-cancellable on-premises subscription contracts provide customers with an annual right to exchange software within the subscription with other software. As of December 31, 2021 and September 30, 2021, the total refund liability was $40.1 million and $40.3 million, respectively, primarily associated with the annual right to exchange on-premises subscription software. We maintain allowances for doubtful accounts for estimated losses resulting from the inability of our customers to make required payments. In determining the adequacy of the allowance for doubtful accounts, management specifically analyzes individual accounts receivable, historical bad debts, customer concentrations, customer credit-worthiness, current economic conditions, and accounts receivable aging trends. Our allowance for doubtful accounts on trade accounts receivable was $0.3 million as of December 31, 2021 and September 30, 2021. Uncollectible trade accounts receivable written-off and bad debt expense were immaterial in the first quarter ended December 31, 2021 and December 31, 2020. Costs to Obtain or Fulfill a Contract We recognize an asset for the incremental costs of obtaining a contract with a customer if the benefit of those costs is expected to be longer than one year. These deferred costs primarily related to commissions. As of December 31, 2021 and September 30, 2021, deferred costs of $41.6 million and $40.2 million, respectively, are included in other current assets and $80.7 million and $81.1 million, respectively, are included in other assets (non-current). Amortization expense related to costs to obtain a contract with a customer was $11.6 million and $10.4 million in the three months ended December 31, 2021and December 31, 2020, respectively. There were no impairments of the contract cost asset in the three months ended December 31, 2021 and December 31, 2020. Remaining Performance Obligations Our contracts with customers include amounts allocated to performance obligations that will be satisfied at a later date. As of December 31, 2021, the amounts include additional performance obligations of $481.1 million recorded in deferred revenue and $1,140.3 million that are not yet recorded in the Consolidated Balance Sheets. We expect to recognize approximately 83% of the total $1,621.4 million over the next 24 months, with the remaining amount thereafter. Disaggregation of Revenue (in thousands) Three months ended December 31, 2021 December 31, 2020 Recurring revenue ( 1) $ 405,125 $ 384,957 Perpetual license 8,468 8,463 Professional services 44,128 35,630 Total revenue $ 457,721 $ 429,050 (1) Recurring revenue is comprised of subscription, perpetual support, and SaaS revenue. For further disaggregation of revenue by geographic region and product group see Note 11. Segment and Geographic Information

Restructuring and Other Charges

Restructuring and Other Charges	3 Months Ended
	Dec. 31, 2021
Restructuring And Related Activities [Abstract]
Restructuring and Other Charges	3. Restructuring and Other Charges Restructuring and other charges, net includes restructuring charges (credits) and impairment and accretion expense charges related to the lease assets of exited facilities. Refer to Note 14. Leases In the three months ended December 31, 2021, restructuring and other charges, net totaled $34.0 million, of which $34.1 million is attributable to restructuring charges, offset by $0.1 million attributable to sublease income related to exited lease facilities. We made cash payments related to restructuring charges of $9.8 million ($9.1 million related to the 2022 restructuring described below and $0.7 million in payments for facilities restructured in prior period). In the three months ended December 31, 2020, restructuring and other charges, net totaled $0.2 million, of which $0.1 million is attributable to restructuring charges and $0.1 million is related to exited facilities. Restructuring Charges In the first quarter of 2022, we committed to a plan to restructure our workforce and consolidate select facilities to align our customer facing and product-related functions with the SaaS industry best practices and accelerate the opportunity for our on-premise customers to move to the cloud. The restructuring plan resulted in charges of $34.1 million in the first quarter of 2022 primarily associated with approximately 340 employees, in addition to the $1.7 million of professional fees recorded in the fourth quarter of 2021 in connection with the re-organization. We are anticipating total restructuring charges for this plan to be approximately $40 million to $45 million. In the first quarter of 2020, we initiated a restructuring program as part of a realignment associated with expected synergies and operational efficiencies related to the Onshape acquisition. The restructuring plan resulted in charges of $30.8 million through fiscal year 2020 for termination benefits associated with approximately 250 employees. During the three months ended December 31, 2021 and December 31, 2020 we incurred charges of $0.1 million and $0.2 million, respectively, in connection with this restructuring plan. The following table summarizes restructuring accrual activity for the three months ended December 31, 2021: (in thousands) Employee Severance and Related Benefits Facility Closures and Related Costs Total Accrual, October 1, 2021 $ 1,981 $ 3,505 $ 5,486 Charges to operations, net 34,072 72 34,144 Cash disbursements (9,145 ) (683 ) (9,828 ) Foreign exchange impact (117 ) — (117 ) Accrual, December 31, 2021 $ 26,791 $ 2,894 $ 29,685 The following table summarizes restructuring accrual activity for the three months ended December 31, 2020: (in thousands) Employee Severance and Related Benefits Facility Closures and Related Costs Total Accrual, October 1, 2020 $ 3,992 $ 5,995 $ 9,987 Charges to operations, net 160 (29 ) 131 Cash disbursements (2,733 ) (687 ) (3,420 ) Foreign exchange impact 42 12 54 Accrual, December 31, 2020 $ 1,461 $ 5,291 $ 6,752 The accrual for employee severance and related benefits is included in accrued compensation and benefits in the Consolidated Balance Sheets. The accrual for facility closures and related costs is included in accrued expenses and other current liabilities in the Consolidated Balance Sheets.

Stock-based Compensation

Stock-based Compensation	3 Months Ended
	Dec. 31, 2021
Share Based Compensation Allocation And Classification In Financial Statements [Abstract]
Stock-Based Compensation	4. Stock-based Compensation Our equity incentive plan provides for grants of nonqualified and incentive stock options, common stock, restricted stock, restricted stock units (RSUs) and stock appreciation rights to employees, directors, officers and consultants. We award RSUs as our principal equity incentive awards. The following table shows RSU activity for the three months ended December 31, 2021: (in thousands, except grant date fair value data) Number of RSUs Weighted-Average Grant Date Fair Value Per RSU Balance of outstanding restricted stock units, October 1, 2021 3,216 $ 92.83 Granted ( 1) 899 $ 117.10 Vested (1,119 ) $ 91.64 Forfeited or not earned (126 ) $ 93.80 Balance of outstanding restricted stock units, December 31, 2021 2,869 $ 100.85 (1) Restricted stock units granted includes 37,000 shares from prior period TSR awards that were earned upon achievement of the performance criteria and vested in November 2021. (in thousands) Three months ended December 31, 2021 Performance-based RSUs ( 1) 163 Service-based RSUs ( 2) 623 Total Shareholder Return RSUs ( 3) 76 (1) The performance-based RSUs were granted to our executives and are eligible to vest based upon annual increasing performance measures over a three-year (2) The service-based RSUs were granted to employees, including our executive officers. Substantially all service-based RSUs will vest in three substantially equal annual installments on or about the anniversary of the date of grant. (3) The Total Shareholder Return RSUs (TSR RSUs) were granted to our executives and are eligible to vest based on the performance of PTC stock relative to the stock performance of an index of PTC peer companies established as of the grant date, as determined at the end of the measurement period ending on September 30, 2024. The RSUs earned will vest on November 15, 2024. Up to a maximum of two times the number of TSR RSUs eligible to be earned for the period (up to a maximum aggregate of 152 thousand RSUs) may vest. If the return to PTC shareholders is negative for the period but still meets or exceeds the peer group indexed return, a maximum of 100% of the TSR RSUs may vest . The weighted-average fair value of the TSR RSUs was $136.43 per target RSU on the grant date. The fair value of the TSR RSUs was determined using a Monte Carlo simulation model. The significant assumptions used in the Monte Carlo simulation model were as follows: Average volatility of peer group 34.67 % Risk free interest rate 0.81 % Dividend yield — % Compensation expense recorded for our stock-based awards is classified in our Consolidated Statements of Operations as follows: (in thousands) Three months ended December 31, 2021 December 31, 2020 Cost of license revenue $ 38 $ 20 Cost of support and cloud services revenue 3,478 2,302 Cost of professional services revenue 2,456 2,112 Sales and marketing 13,081 14,999 Research and development 10,176 8,443 General and administrative 16,713 18,212 Total stock-based compensation expense $ 45,942 $ 46,088 Stock-based compensation expense includes $2.0 million in the first quarter of 2022 and $1.9 million in the first quarter of 2021 related to our employee stock purchase plan

Earnings per Share (EPS) and Co

Earnings per Share (EPS) and Common Stock	3 Months Ended
	Dec. 31, 2021
Earnings Per Share And Common Stock [Abstract]
Earnings per Share (EPS) and Common Stock	5. Earnings per Share (EPS) and Common Stock EPS The following table presents the calculation for both basic and diluted EPS: (in thousands, except per share data) Three months ended December 31, 2021 December 31, 2020 Net income $ 46,089 $ 23,515 Weighted-average shares outstanding—Basic 117,347 116,401 Dilutive effect of restricted stock units 1,251 1,204 Weighted-average shares outstanding—Diluted 118,598 117,605 Earnings per share—Basic $ 0.39 $ 0.20 Earnings per share—Diluted $ 0.39 $ 0.20 There were no anti-dilutive shares for the three months ended December 31, 2021. There were 0.1 million anti-dilutive shares for the three months ended December 31, 2020. Common Stock Repurchases Our Articles of Organization authorize us to issue up to 500 million shares of our common stock. Our Board of Directors has authorized us to repurchase up to $1 billion of our common stock in the period October 1, 2020 through September 30, 2023. In the three months ended December 31, 2021, we repurchased 1,003 thousand shares for $119.7 million. We additionally entered into trades to purchase an incremental 43 thousand shares for $5.2 million, which will be settled in January 2022 and is included in accrued expenses and other current liabilities as of December 31, 2021. We did not repurchase any shares in the first quarter of 2021. All shares of our common stock repurchased are automatically restored to the status of authorized and unissued.

Acquisitions

Acquisitions	3 Months Ended
	Dec. 31, 2021
Business Combinations [Abstract]
Acquisitions	6. Acquisitions Acquisition-related costs in the first quarter of 2022 totaled $1.0 million, compared to $3.9 million in the first quarter of 2021. These costs are classified in general and administrative expenses in the accompanying Consolidated Statements of Operations. Acquisition-related costs include direct costs of potential and completed acquisitions (e.g., investment banker fees and professional fees, including legal and valuation services) and expenses related to acquisition integration activities (e.g., professional fees and severance). In addition, subsequent adjustments to our initial estimated amount of contingent consideration associated with specific acquisitions are included within acquisition-related charges. Our results of operations include the results of acquired businesses beginning on their respective acquisition date. Our results of operations for the reported periods, if presented on a pro forma basis, would not differ materially from our reported results. Arena On January 15, 2021, we acquired Arena Holdings, Inc. (“Arena”) pursuant to the Agreement and Plan of Merger dated as of December 12, 2020 by and among PTC, Arena, Astronauts Merger Sub, Inc., and the Representative named therein, the material terms of which are described in the Form 8-K filed by PTC on December 14, 2020 and which is filed as Exhibit 1.1 to that Form 8-K. PTC paid approximately $715 million, net of cash acquired of $11.1 million, for Arena, which amount was financed with cash on hand and $600 million borrowed under our existing credit facility. Arena had approximately 170 employees on the close date. The acquisition of Arena added revenue of approximately $ 29.8 million in FY’21, which is net of approximately $9.1 million in fair value adjustments related to purchase accounting for the acquisition. The acquisition of Arena has been accounted for as a business combination. Assets acquired and liabilities assumed have been recorded at their estimated fair values as of the acquisition date. The fair values of intangible assets were based on valuations using a discounted cash flow model which requires the use of significant estimates and assumptions, including estimating future revenues and costs. The excess of the purchase price over the tangible assets, identifiable intangible assets and assumed liabilities was recorded as goodwill. The purchase price allocation resulted in $562.8 million of goodwill, $155.0 million of customer relationships, $38.3 million of purchased software, $4.2 million of trademarks, $41.3 million of deferred tax liabilities, $15.5 million of deferred revenue, $11.4 million of accounts receivable, and $0.4 million of other net liabilities. The acquired customer relationships, purchased software, and trademarks are being amortized over useful lives of 13 years, 9 years, and 12 years, respectively, based on the expected economic benefit pattern of the assets. The acquired goodwill was allocated to our software products segment and will not be deductible for income tax purposes. The resulting amount of goodwill reflects the expected value that will be created by participation in expected future growth of the PLM SaaS market and expansion into the mid-market for PLM, where SaaS solutions are becoming the standard.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Dec. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	7. Goodwill and Intangible Assets We have two operating and reportable segments: (1) Software Products and (2) Professional Services. We assess goodwill for impairment at the reporting unit level. Our reporting units are determined based on the components of our operating segments that constitute a business for which discrete financial information is available and for which operating results are regularly reviewed by segment management. Our reporting units are the same as our operating segments. As of December 31, 2021, goodwill and acquired intangible assets in the aggregate attributable to our Software Products segment was $2,508.8 million and attributable to our Professional Services segment was $45.0 million. As of September 30, 2021, goodwill and acquired intangible assets in the aggregate attributable to our Software Products segment was $2,525.7 million and attributable to our Professional Services segment was $45.2 million. Acquired intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of the asset may not be recoverable. We evaluate goodwill for impairment in the third quarter of our fiscal year, or on an interim basis if an event occurs or circumstances change that would, more likely than not, reduce the fair value of a reporting segment below its carrying value. Factors we consider important, on an overall company basis and segment basis, when applicable, that could trigger an impairment review include significant under-performance relative to historical or projected future operating results, significant changes in our use of the acquired assets or the strategy for our overall business, significant negative industry or economic trends, a significant decline in our stock price for a sustained period and a reduction of our market capitalization relative to net book value. We completed our annual goodwill impairment review as of June 30, 2021, based on a qualitative assessment. Our qualitative assessment included company-specific (e.g., financial performance and long-range plans), industry, and macroeconomic factors, as well as consideration of the fair value of each reporting unit relative to its carrying value at the last valuation date (June 27, 2020). Based on our qualitative assessment, we believe it is more likely than not that the fair values of our reporting units exceed their carrying values and no further impairment testing is required. Through December 31, 2021, there were no events or changes in circumstances that indicated that the carrying values of goodwill or acquired intangible assets may not be recoverable . Goodwill and acquired intangible assets consisted of the following: (in thousands) December 31, 2021 September 30, 2021 Gross Carrying Amount Accumulated Amortization Net Book Value Gross Carrying Amount Accumulated Amortization Net Book Value Goodwill (not amortized) $ 2,189,880 $ 2,191,887 Intangible assets with finite lives (amortized): Purchased software $ 482,824 $ 344,152 $ 138,672 $ 483,771 $ 338,542 $ 145,229 Capitalized software 22,877 22,877 — 22,877 22,877 — Customer lists and relationships 573,082 357,500 215,582 574,516 350,648 223,868 Trademarks and trade names 26,864 17,241 9,623 26,906 17,036 9,870 Other 3,972 3,972 — 4,000 4,000 — Total intangible assets with finite lives $ 1,109,619 $ 745,742 $ 363,877 $ 1,112,070 $ 733,103 $ 378,967 Total goodwill and acquired intangible assets $ 2,553,757 $ 2,570,854 Goodwill Changes in goodwill presented by reportable segments were as follows: (in thousands) Software Products Professional Services Total Balance, October 1, 2021 $ 2,148,968 $ 42,919 $ 2,191,887 Acquisitions 691 — 691 Foreign currency translation adjustment (2,645 ) (53 ) (2,698 ) Balance, December 31, 2021 $ 2,147,014 $ 42,866 $ 2,189,880 Amortization of Intangible Assets The aggregate amortization expense for intangible assets with finite lives is classified in our Consolidated Statements of Operations as follows: (in thousands) Three months ended December 31, 2021 December 31, 2020 Amortization of acquired intangible assets $ 8,484 $ 6,547 Cost of license revenue 6,493 6,267 Total amortization expense $ 14,977 $ 12,814

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	8. Fair Value Measurements Fair value is defined as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required to be recorded at fair value, we consider the principal or most advantageous market in which we would transact and consider assumptions that market participants would use when pricing the asset or liability, such as inherent risk, transfer restrictions, and risk of nonperformance. GAAP prescribes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. There are three levels of inputs that may be used to measure fair value: • Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities; • Level 2: inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices in active markets for similar assets or liabilities, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; or • Level 3: unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Time deposits and corporate notes/bonds are classified within Level 1 of the fair value hierarchy because they are valued based on quoted market prices in active markets. The principal market in which we execute our foreign currency derivatives is the institutional market in an over-the-counter environment with a relatively high level of price transparency. The market participants usually are large financial institutions. Our foreign currency derivatives’ valuation inputs are based on quoted prices and quoted pricing intervals from public data sources and do not involve management judgment. These contracts are typically classified within Level 2 of the fair value hierarchy. Our significant financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2021 and September 30, 2021 were as follows: (in thousands) December 31, 2021 Level 1 Level 2 Level 3 Total Financial assets: Cash equivalents (1) $ 107,320 $ — $ — $ 107,320 Convertible note — — 2,000 2,000 Equity securities — — 87,306 87,306 Forward contracts — 1,486 — 1,486 Options — 2,021 — 2,021 $ 107,320 $ 3,507 $ 89,306 $ 200,133 Financial liabilities: Stock buyback pending settlement 5,260 — — 5,260 Forward contracts — 3,732 — 3,732 $ 5,260 $ 3,732 $ — $ 8,992 (in thousands) September 30, 2021 Level 1 Level 2 Level 3 Total Financial assets: Cash equivalents (1) $ 114,375 $ — $ — $ 114,375 Convertible note — — 2,000 2,000 Equity securities — — 77,500 77,500 Forward contracts — 5,363 — 5,363 $ 114,375 $ 5,363 $ 79,500 199,238 Financial liabilities: Forward contracts — 3,318 — 3,318 $ — $ 3,318 $ — $ 3,318 (1) Money market funds and time deposits. Level 3 Investments Convertible Note In the fourth quarter of 2021, we invested $2.0 million into a non-marketable convertible note. This debt security is classified as available-for-sale and is included in other assets on the Consolidated Balance Sheet. Non-Marketable Equity Investments The carrying value of our non-marketable equity investments is recorded in other assets on the Consolidated Balance Sheets and totaled $2.2 million for the periods ended December 31, 2021 and September 30, 2021. Equity Securities As of December 31, 2021, we owned 4,316,301 common shares of Matterport, Inc., which are restricted from being able to be sold until January 2022 (six months after Matterport, Inc. became a public company). As a result of the limitations on the ability to sell, the equity securities are classified as a Level 3 financial instrument with fair value determined using the closing price of Matterport’s common stock on the Nasdaq stock market as of December 31, 2021, less a temporary discount for lack of marketability that will expire in January 2022. The discount for lack of marketability is calculated using a put-option model which includes observable and unobservable inputs. As of December 31, 2021, the investment is recorded at a fair value of $87.3 million in other current assets on the Consolidated Balance Sheets. For the three months ended December 31, 2021, we recognized a gain of $9.8 million related to the shares in other income, net on the Consolidated Statements of Operations. The following table provides a summary of changes in the fair value of our Level 3 investment in the Matterport, Inc. shares: (in thousands) December 31, 2021 Fair Values Balance, October 1, 2021 $ 77,540 Unrealized gains 7,467 Reduction in discount due to lack of marketability ( 1) 2,299 Balance, December 31, 2021 $ 87,306 (1) The restriction on our ability to sell our shares lapsed in January 2022. Refer to Note 16. Subsequent Events

Marketable Securities

Marketable Securities	3 Months Ended
	Dec. 31, 2021
Marketable Securities [Abstract]
Marketable Securities	9. Marketable Securities We did not hold any marketable securities as of September 30, 2021 or December 31, 2021. In December 2020, we sold our remaining marketable securities to partially fund the Arena acquisition, resulting in proceeds of $56.2 million. Neither gross realized gains nor gross realized losses related to the sale were material.

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
	Dec. 31, 2021
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	10. Derivative Financial Instruments We enter into derivative transactions, specifically foreign currency forward contracts and options, to manage our exposure to foreign currency exchange risk in order to reduce earnings volatility. We do not enter into derivative transactions for trading or speculative purposes . 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, 2021 September 30, 2021 December 31, 2021 September 30, 2021 Derivative assets (1) Forward Contracts $ — $ 1,641 $ 1,486 $ 3,722 Options $ — $ — $ 2,021 $ — Derivative liabilities (2) Forward Contracts $ 1,248 $ — $ 2,484 $ 3,318 (1) As of December 31, 2021 and September 30, 2021, current derivative assets of $3.5 million and $5.4 million, respectively, are recorded in other current assets in the Consolidated Balance Sheets. (2) As of December 31, 2021 and September 30, 2021, current derivative liabilities of $3.7 million and $3.3 million, respectively, are recorded in accrued expenses and other current liabilities in the Consolidated Balance Sheets. Non-Designated Hedges We hedge our net foreign currency monetary assets and liabilities primarily resulting from foreign currency denominated receivables and payables with foreign exchange forward contracts to reduce the risk that our earnings and cash flows will be adversely affected by changes in foreign currency exchange rates. These contracts have maturities of up to approximately three months. Generally, we do not designate these foreign currency forward contracts as hedges for accounting purposes and changes in the fair value of these instruments are recognized immediately in earnings. Because we enter into forward contracts only as an economic hedge, any gain or loss on the underlying foreign-denominated balance would be offset by the loss or gain on the forward contract. Gains and losses on forward contracts and foreign denominated receivables and payables are included in other income (expense), net. We hedge our forecasted U.S. Dollar cash flows with foreign exchange options to reduce the risk that they will be adversely affected by changes in Euro or Japanese Yen exchange rates. These contracts have maturities of up to approximately ten months . We do not designate these foreign currency options as hedges for accounting purposes and changes in the fair value of these instruments are recognized immediately in earnings. Because we enter into options as an economic hedge, currency impacts on the Euro or Japanese Yen-denominated operations as compared to the forecasted plan rate may be partially offset by the gain on the put option . Gain on put option s are included in other income (expense), net. As of December 31, 2021 and September 30, 2021, we had outstanding forward contracts and options with notional amounts equivalent to the following: Currency Hedged (in thousands) December 31, 2021 September 30, 2021 Canadian / U.S. Dollar $ 5,256 $ 4,894 Euro / U.S. Dollar (1) 586,301 387,466 British Pound / U.S. Dollar 5,300 23,141 Israeli Shekel / U.S. Dollar 13,859 10,475 Japanese Yen / U.S. Dollar (2) 43,066 46,450 Swiss Franc / U.S. Dollar 7,621 18,039 Swedish Krona / U.S. Dollar 16,683 34,196 Singapore Dollar / U.S. Dollar 3,806 3,498 Chinese Renminbi / U.S. Dollar 19,496 23,297 New Taiwan Dollar / U.S. Dollar 2,669 3,369 Romanian Leu/ U.S. Dollar 3,971 778 Russian Ruble/ U.S. Dollar — 2,614 All other 7,253 5,704 Total $ 715,281 $ 563,921 (1) As of December 31, 2021, $388.7 million of the Euro to U.S. Dollar outstanding notional amount relates to forward contracts and $197.6 million relates to options. As of September 30, 2021, all of the Euro to U.S. Dollar outstanding notional amount relates to forward contracts (2) As of December 31, 2021, $16.8 million of the Japanese Yen to U.S. Dollar outstanding notional amount relates to forward contracts and $26.3 million relates to options. As of September 30, 2021, all of the Japanese Yen to U.S. Dollar outstanding notional amount relates to forward contracts The following table shows the effect of our non-designated hedges in the Consolidated Statements of Operations for the three months ended December 31, 2021 and December 31, 2020: (in thousands) Three months ended Location of Loss December 31, 2021 December 31, 2020 Net realized and unrealized loss, excluding the underlying foreign currency exposure being hedged Other income (expense), net $ (3,435 ) $ (1,587 ) In the three months ended December 31, 2021, foreign currency losses, net were $4.4 million. In the three months ended December 31, 2020, foreign currency losses, net were $1.8 million. Net Investment Hedges We translate balance sheet accounts of subsidiaries with foreign functional currencies into the U.S. Dollar using the exchange rate at each balance sheet date. Resulting translation adjustments are reported as a component of accumulated other comprehensive loss on the Consolidated Balance Sheets. We designate certain foreign exchange forward contracts as net investment hedges against exposure on translation of balance sheet accounts of Euro functional subsidiaries. Net investment hedges partially offset the impact of foreign currency translation adjustment recorded in accumulated other comprehensive loss on the Consolidated Balance Sheets. All foreign exchange forward contracts are carried at fair value on the Consolidated Balance Sheets and the maximum duration of net investment hedge foreign exchange forward contracts is approximately three months. Net investment hedge relationships are designated at inception, and effectiveness is assessed retrospectively on a quarterly basis using the net equity position of Euro functional subsidiaries. As the forward contracts are highly effective in offsetting exchange rate exposure, we record changes in these net investment hedges in accumulated other comprehensive loss and subsequently reclassify them to foreign currency translation adjustment in accumulated other comprehensive loss at the time of forward contract maturity. Changes in the fair value of foreign exchange forward contracts due to changes in time value are excluded from the assessment of effectiveness. Our derivatives are not subject to any credit contingent features. We manage credit risk with counterparties by trading among several counterparties and we review our counterparties’ credit at least quarterly. As of December 31, 2021 and September 30, 2021, we had outstanding forward contracts designated as net investment hedges with notional amounts equivalent to the following: Currency Hedged (in thousands) December 31, 2021 September 30, 2021 Euro / U.S. Dollar $ 179,797 $ 128,103 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, 2021 and December 31, 2020: (in thousands) Three months ended Location of Gain (Loss) December 31, 2021 December 31, 2020 Gain (loss) recognized in OCI OCI $ (3,156 ) $ 580 Gain (loss) reclassified from OCI OCI (5,735 ) 2,942 Gain recognized, excluded portion Other income (expense), net 267 307 As of December 31, 2021, we estimate that all amounts reported in accumulated other comprehensive loss will be applied against exposed balance sheet accounts upon translation within the next three months. Offsetting Derivative Assets and Liabilities We have entered into master netting arrangements for our forward contracts that allow net settlements under certain conditions. Although netting is permitted, it is currently our policy and practice to record all derivative assets and liabilities on a gross basis in the Consolidated Balance Sheets. The following table sets forth the offsetting of derivative assets as of December 31, 2021: (in thousands) Gross Amounts Offset in the Consolidated Balance Sheets Gross Amounts Not Offset in the Consolidated Balance Sheets As of December 31, 2021 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 $ 1,486 $ — $ 1,486 $ (1,486 ) $ — $ — The following table sets forth the offsetting of derivative liabilities as of December 31, 2021: (in thousands) Gross Amounts Offset in the Consolidated Balance Sheets Gross Amounts Not Offset in the Consolidated Balance Sheets As of December 31, 2021 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 $ 3,732 $ — $ 3,732 $ (1,486 ) $ — $ 2,246

Segment and Geographic Informat

Segment and Geographic Information	3 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Segment and Geographic Information	11. Segment and Geographic Information We operate within a single industry segment – computer software and related services. Operating segments as defined under GAAP are components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or decision-making group, in deciding how to allocate resources and in assessing performance. Our chief operating decision maker is our President and Chief Executive Officer. We have two operating and reportable segments: (1) Software Products, which includes license, subscription and related support revenue (including updates and technical support) for all our products; and (2) Professional Services, which includes consulting, implementation and training services. We do not allocate sales and marketing or general and administrative expense to our operating segments as these activities are managed on a consolidated basis. Additionally, segment profit does not include stock-based compensation, amortization of intangible assets, restructuring charges and certain other identified costs that we do not allocate to the segments for purposes of evaluating their operational performance. The revenue and profit attributable to our operating segments are summarized below. We do not produce asset information by reportable segment; therefore, it is not reported. (in thousands) Three months ended December 31, 2021 December 31, 2020 Software Products Revenue $ 413,593 $ 393,420 Operating costs ( 1) 116,028 105,401 Profit 297,565 288,019 Professional Services Revenue 44,128 35,630 Operating costs ( 2) 36,983 33,120 Profit 7,145 2,510 Total segment revenue 457,721 429,050 Total segment costs 153,011 138,521 Total segment profit 304,710 290,529 Unallocated operating expenses: Sales and marketing expenses 112,395 109,726 General and administrative expenses 34,177 27,400 Restructuring and other charges, net 33,991 247 Intangibles amortization 14,977 12,814 Stock-based compensation 45,942 46,088 Other unallocated operating expenses ( 3) 1,050 3,916 Total operating income 62,178 90,338 Interest and debt premium expense (12,986 ) (11,518 ) Other income (expense), net 6,184 (1,413 ) Income before income taxes $ 55,376 $ 77,407 (1) Operating costs for the Software Products segment include all costs of software revenue and research and development costs, excluding stock-based compensation and intangible amortization. (2) Operating costs for the Professional Services segment include all costs of professional services revenue, excluding stock-based compensation. (3) Other unallocated operating expenses include acquisition-related and other transactional costs. Our international revenue is presented based on the location of our customer. Revenue for the geographic regions in which we operate is presented below. (in thousands) Three months ended December 31, 2021 December 31, 2020 Americas $ 212,881 $ 202,279 Europe 162,308 162,319 Asia Pacific 82,532 64,452 Total revenue $ 457,721 $ 429,050

Income Taxes

Income Taxes	3 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	12. Income Taxes (in thousands) Three months ended December 31, 2021 December 31, 2020 Income before income taxes $ 55,376 $ 77,407 Provision for income taxes $ 9,287 $ 53,892 Effective income tax rate 17 % 70 % In the first quarter of 2022 and 2021, our effective tax rate differed from the statutory federal income tax rate of 21% due to our corporate structure in which our foreign taxes are at a net effective tax rate lower than the U.S. rate. A significant amount of our foreign earnings is generated by our subsidiaries organized in Ireland and the Cayman Islands. In 2022 and 2021, the foreign rate differential predominantly relates to these earnings. In 2022 and 2021, in addition to the foreign rate differential, the effective tax rate was impacted by the net effects of the Global Intangible Low-Taxed Income (GILTI) and Foreign Derived Intangible Income (FDII) regimes and the excess tax benefit related to stock-based compensation. In the first quarter of 2021, our results also include a charge of $35.3 million related to the effects of an unrecognized tax benefit in the Republic of Korea (South Korea), primarily related to foreign withholding taxes, as well as the effects of the full valuation allowance which was maintained against our U.S. net deferred tax assets at that time We reassess our valuation allowance requirements each financial reporting period. We assess available positive and negative evidence to estimate whether sufficient future taxable income will be generated to use our existing deferred tax assets. In the assessment for the period ended September 30, 2021, we concluded it was more likely than not that our deferred tax assets related to United States federal and state income would be realizable, and therefore, the United States federal and the majority of the state valuation allowances were released in the fourth quarter of 2021. In the first quarter of 2022, we continue to maintain this conclusion. In the normal course of business, PTC and its subsidiaries are examined by various taxing authorities, including the Internal Revenue Service in the U.S. We regularly assess the likelihood of additional assessments by tax authorities and provide for these matters as appropriate. We are currently under audit by tax authorities in several jurisdictions. Audits by tax authorities typically involve examination of the deductibility of certain permanent items, limitations on net operating losses and tax credits. As of December 31, 2021 and September 30, 2021, we had unrecognized tax benefits of $21.8 million and $21.2 million, respectively. If all our unrecognized tax benefits as of December 31, 2021 were to become recognizable in the future, we would record a benefit to the income tax provision of $21.8 million, which would be partially offset by an increase in the U.S. valuation allowance of $4.7 million. Although we believe our tax estimates are appropriate, the final determination of tax audits and any related litigation could result in favorable or unfavorable changes in our estimates. We believe it is reasonably possible that within the next 12 months the amount of unrecognized tax benefits related to the resolution of multi-jurisdictional tax positions could be reduced by up to $1 million.

Debt

Debt	3 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Debt	13. Debt At December 31, 2021 and September 30, 2021, we had the following long-term debt obligations: (in thousands) December 31, 2021 September 30, 2021 4.000% Senior notes due 2028 $ 500,000 $ 500,000 3.625% Senior notes due 2025 500,000 500,000 Credit facility revolver ( 1) 450,000 450,000 Total debt 1,450,000 1,450,000 Unamortized debt issuance costs for the senior notes ( 2) (9,986 ) (10,529 ) Total debt, net of issuance costs $ 1,440,014 $ 1,439,471 (1) Unamortized debt issuance costs related to the credit facility were $3.5 million and $3.8 million as of December 31, 2021 and September 30, 2021, respectively, and are included in other assets on the Consolidated Balance Sheets. ( 2 ) Unamortized debt issuance costs are included in long-term debt on the Consolidated Balance Sheets. Senior Unsecured Notes In February 2020, we issued $500 million in aggregate principal amount of 4.0% senior, unsecured long-term debt at par value, due in 2028 (the 2028 notes) and $500 million in aggregate principal amount of 3.625% senior, unsecured long-term debt at par value, due in 2025 (the 2025 notes). As of December 31, 2021, the total estimated fair value of the 2028 and 2025 notes was approximately $513.0 million and $508.0 million, respectively, based on quoted prices for the notes on that date. We were in compliance with all the covenants for all of our senior notes as of December 31, 2021. Terms of the 2028 and 2025 Notes Interest on the 2028 and 2025 notes is payable semi-annually on February 15 and August 15. The debt indenture for the 2028 and 2025 notes includes covenants that limit our ability to, among other things, incur additional debt, grant liens on our properties or capital stock, enter into sale and leaseback transactions or asset sales, and make capital distributions. We may, on one or more occasions, redeem the 2028 and 2025 notes in whole or in part at specified redemption prices. In certain circumstances constituting a change of control, we will be required to make an offer to repurchase the notes at a purchase price equal to 101% of the aggregate principal amount of the notes, plus accrued and unpaid interest. Our ability to repurchase the notes upon such event may be limited by law, by the indenture associated with the notes, by our then-available financial resources or by the terms of other agreements to which we may be party at such time. If we fail to repurchase the notes as required by the indenture, it would constitute an event of default under the indenture which, in turn, may also constitute an event of default under other obligations. Credit Agreement In February 2020, we entered into a Third Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as Administrative Agent, for a new secured multi-currency bank credit facility with a syndicate of banks. We expect to use the new credit facility for general corporate purposes, including acquisitions of businesses, share repurchases and working capital requirements. The credit facility consists of a $1 billion revolving credit facility, which may be increased by up to an additional $500 million in the aggregate if the existing or additional lenders are willing to make such increased commitments. The maturity date of the credit facility is February 13, 2025, when all remaining amounts outstanding will be due and payable. The revolving loan commitment does not require amortization of principal and may be repaid in whole or in part prior to the scheduled maturity date at our option without penalty or premium. As of December 31, 2021, the fair value of our credit facility approximates its book value. PTC and certain eligible foreign subsidiaries are eligible borrowers under the credit facility. Any borrowings by PTC Inc. under the credit facility would be guaranteed by PTC Inc.’s material domestic subsidiaries that become parties to the subsidiary guaranty, if any. As of the filing of this Form 10-Q, there are no subsidiary guarantors of the obligations under the credit facility. Any borrowings by eligible foreign subsidiary borrowers would be guaranteed by PTC Inc. and any subsidiary guarantors. As of the filing of this Form 10-Q, no funds were borrowed by an eligible foreign subsidiary borrower. In addition, owned property (including equity interests) of PTC and certain of its material domestic subsidiaries' owned property is subject to first priority perfected liens in favor of the lenders under this credit facility. 100% of the voting equity interests of certain of PTC’s domestic subsidiaries and 65% of its material first-tier foreign subsidiaries are pledged as collateral for the obligations under the credit facility. Loans under the credit facility bear interest at variable rates which reset every 30 to 180 days depending on the rate and period selected by PTC as described below. As of December 31, 2021, the annual rate for borrowing outstanding was 1.69%. Interest rates on borrowings outstanding under the credit facility range from 1.25% to 1.75% above an adjusted LIBO rate (or an agreed successor rate) for Euro currency borrowings or range from 0.25% to 0.75% above the defined base rate (the greater of the Prime Rate, the NYFRB rate plus 0.5%, or an adjusted LIBO rate plus 1%) for base rate borrowings, in each case based upon PTC’s total leverage ratio. A quarterly commitment fee on the undrawn portion of the credit facility is required, ranging from 0.175% to 0.30% per annum based upon PTC’s total leverage ratio. The credit facility limits PTC’s and its subsidiaries’ ability to, among other things: incur additional indebtedness, incur liens or guarantee obligations; pay dividends (other than to PTC) and make other distributions; make investments and enter into joint ventures; dispose of assets; and engage in transactions with affiliates, except on an arms-length basis. Under the credit facility, PTC and its material domestic subsidiaries may not invest cash or property in, or loan to, PTC’s foreign subsidiaries in aggregate amounts exceeding $100 million for any purpose and an additional $200 million for acquisitions of businesses. In addition, under the credit facility, PTC and its subsidiaries must maintain the following financial ratios: • Total leverage ratio, defined as consolidated funded indebtedness to consolidated trailing four quarters EBITDA, not to exceed 4.50 to 1.00 as of the last day of any fiscal quarter; • Senior secured leverage ratio, defined as senior consolidated total indebtedness (which excludes unsecured indebtedness) to the consolidated trailing four quarters EBITDA, not to exceed 3.00 to 1.00 as of the last day of any fiscal quarter; and • Interest coverage ratio, defined as the ratio of consolidated trailing four quarters EBITDA to consolidated trailing four quarters of cash basis interest expense, of not less than 3.00 to 1.00 as of the last day of any fiscal quarter. As of December 31, 2021, our total leverage ratio was 2.23 to 1.00, our senior secured leverage ratio was 0.71 to 1.00 and our interest coverage ratio was 14.02 to 1.00 and we were in compliance with all financial and operating covenants of the credit facility. Any failure to comply with the financial or operating covenants of the credit facility would prevent PTC from being able to borrow additional funds, and would constitute a default, permitting the lenders to, among other things, accelerate the amounts outstanding, including all accrued interest and unpaid fees, under the credit facility and to terminate the credit facility. A change in control of PTC, as defined in the agreement, also constitutes an event of default, permitting the lenders to accelerate the indebtedness and terminate the credit facility. In the first quarter of 2022 and 2021, we paid $2.4 million and $0.7 million of interest on our debt, respectively. The average interest rate on borrowings outstanding during the first quarter of 2022 and 2021 was approximately 3.2% and 3.8%, respectively.

Leases

Leases	3 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Leases	14. Leases Our operating leases expire at various dates through 2037 and are primarily for office space, cars, servers, and office equipment. Our headquarters are located at 121 Seaport Boulevard, Boston, Massachusetts. In February 2019, we subleased a portion of our headquarters through June 30, 2022. We will receive approximately $9.1 million in sublease income over the term of the sublease. The components of lease cost reflected in the Consolidated Statement of Operations for the three months ended December 31, 2021 and December 31, 2020 were as follows: (in thousands) Three months ended December 31, 2021 December 31, 2020 Operating lease cost $ 8,860 $ 9,391 Short-term lease cost 540 548 Variable lease cost 2,490 2,387 Sublease income (1,117 ) (1,084 ) Total lease cost $ 10,773 $ 11,242 Supplemental cash flow and right-of-use assets information for the three months ended December 31, 2021 and December 31, 2020 was as follows: (in thousands) Three months ended December 31, 2021 December 31, 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 15,865 $ 14,060 Financing cash flows from financing leases $ 239 $ 279 Right-of-use assets obtained in exchange for new lease obligations: Operating leases $ 601 $ 594 Financing leases $ — $ — Supplemental balance sheet information related to the leases as of December 31, 2021 was as follows: Weighted-average remaining lease term - operating leases 11.8 years Weighted-average remaining lease term - financing leases 4.0 years Weighted-average discount rate - operating leases 5.4 % Weighted-average discount rate - financing leases 3.0 % Maturities of lease liabilities as of December 31, 2021 are as follows: (in thousands) Remainder of 2022 $ 28,792 2023 29,469 2024 26,191 2025 22,652 2026 18,681 Thereafter 159,162 Total future lease payments $ 284,947 Less: imputed interest (78,915 ) Total lease liability $ 206,032 Exited (Restructured) Facilities As of Note 3. Restructuring and Other Charges In determining the amount of right-of-use assets for restructured facilities, we are required to estimate such factors as future vacancy rates, the time required to sublet properties and sublease rates. Updates to these estimates may result in revisions to the value of right-of-use assets recorded. The amounts recorded are based on the net present value of estimated sublease income. In the first quarter of 2022 and 2021, we made net payments of $0.7 million and $3.8 million, respectively, related to lease costs for exited facilities.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Dec. 31, 2021
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	15. Commitments and Contingencies As December 31, 2021 and December 31, 2020, we had letters of credit and bank guarantees outstanding of $15.3 million (of which $0.5 million was collateralized) and $16.5 million (of which $0.5 million was collateralized), respectively, primarily related to our corporate headquarters lease. Legal and Regulatory Matters Legal Proceedings With respect to legal proceedings and claims, we record an accrual for a contingency when it is probable that a liability has been incurred and the amount of the loss can be reasonably estimated. 401(k) Plan On September 17, 2020, three individual plaintiffs filed a putative class action lawsuit against PTC, the Investment Committee for the PTC Inc. 401(k) Plan (“Plan”), and the Board of Directors (collectively, the “PTC Defendants”) in the U.S. District Court for the District of Massachusetts alleging claims regarding the Plan. Plaintiffs allege that the defendants breached their fiduciary duties under the Employee Retirement Income Security Act of 1974 ("ERISA") in the oversight of the Plan, principally by allegedly selecting and retaining certain investment options despite their higher fees and costs than other available investment options, causing participants in the Plan to pay excessive recordkeeping fees and suffer lower returns on their investments, and by allegedly failing to monitor other fiduciaries. The plaintiffs and the PTC Defendants reached an agreement in principle to settle the lawsuit on September 22, 2021 and filed a motion for preliminary approval on December 17, 2021. The ultimate outcome by judgment or settlement is not expected to be material to our financial position, results of operations or cash flows. Other Legal Proceedings In addition to the matters listed above, we are subject to legal proceedings and claims against us in the ordinary course of business. As of December 31, 2021, we estimate that the range of possible outcomes for such matters is immaterial and we do not believe that resolving them will have a material adverse impact on our financial condition, results of operations or cash flows. However, the results of legal proceedings cannot be predicted with certainty. Should any of these legal proceedings and claims be resolved against us, the operating results for a reporting period could be adversely affected. Guarantees and Indemnification Obligations We enter into standard indemnification agreements with our customers and business partners in the ordinary course of our business. Under such agreements, we typically indemnify, hold harmless, and agree to reimburse the indemnified party for losses suffered or incurred by the indemnified party, in connection with patent, copyright or other intellectual property infringement claims by any third party with respect to our products. Indemnification may also cover other types of claims, including claims relating to certain data breaches. Except for intellectual property infringement indemnification, the liability for which is uncapped, these agreements typically limit our liability with respect to other indemnification claims. Historically, our costs to defend lawsuits or settle claims relating to such indemnity agreements have been minimal and, accordingly, we believe the estimated fair value of liabilities under these agreements is immaterial. We warrant that our software products will perform in all material respects in accordance with our standard published specifications during the term of the license/subscription. Additionally, we generally warrant that our consulting services will be performed consistent with generally accepted industry standards and, in the case of fixed price services, the agreed-upon specifications. In most cases, liability for these warranties is capped. If necessary, we would provide for the estimated cost of product and service warranties based on specific warranty claims and claim history; however, we have not incurred significant cost under our product or services warranties. As a result, we believe the estimated fair value of these liabilities is immaterial.

Subsequent Events

Subsequent Events	3 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	16. Subsequent Events Credit Facility Loan Repayment On February 2, 2022, we paid $40 million of outstanding balance on our revolving credit facility. Sale of Matterport Equity Securities In January 2022, we sold 4,316,301 common shares of Matterport for an aggregate price of $39.1 million. The sale will result in a loss to be recorded in Q2’22 of $48.2 million due to the reduction in value as of December 31, 2021 compared to the price when sold. Stock Repurchase Settlement In January 2022, we settled the trades we entered to purchase an incremental 43 thousand shares for an aggregate price of $5.3 million.

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	3 Months Ended
	Dec. 31, 2021
Revenue From Contract With Customer [Abstract]
Schedule of Contract Assets and Liabilities	Contract Assets and Contract Liabilities (in thousands) December 31, 2021 September 30, 2021 Contract asset $ 13,177 $ 12,934 Deferred revenue $ 481,070 $ 497,677
Disaggregation of Revenue	Disaggregation of Revenue (in thousands) Three months ended December 31, 2021 December 31, 2020 Recurring revenue ( 1) $ 405,125 $ 384,957 Perpetual license 8,468 8,463 Professional services 44,128 35,630 Total revenue $ 457,721 $ 429,050 (1) Recurring revenue is comprised of subscription, perpetual support, and SaaS revenue.

Restructuring and Other Charg_2

Restructuring and Other Charges (Tables)	3 Months Ended
	Dec. 31, 2021
Restructuring And Related Activities [Abstract]
Schedule of Restructuring Reserve by Type of Cost	The following table summarizes restructuring accrual activity for the three months ended December 31, 2021: (in thousands) Employee Severance and Related Benefits Facility Closures and Related Costs Total Accrual, October 1, 2021 $ 1,981 $ 3,505 $ 5,486 Charges to operations, net 34,072 72 34,144 Cash disbursements (9,145 ) (683 ) (9,828 ) Foreign exchange impact (117 ) — (117 ) Accrual, December 31, 2021 $ 26,791 $ 2,894 $ 29,685 The following table summarizes restructuring accrual activity for the three months ended December 31, 2020: (in thousands) Employee Severance and Related Benefits Facility Closures and Related Costs Total Accrual, October 1, 2020 $ 3,992 $ 5,995 $ 9,987 Charges to operations, net 160 (29 ) 131 Cash disbursements (2,733 ) (687 ) (3,420 ) Foreign exchange impact 42 12 54 Accrual, December 31, 2020 $ 1,461 $ 5,291 $ 6,752

Stock-based Compensation (Table

Stock-based Compensation (Tables)	3 Months Ended
	Dec. 31, 2021
Share Based Compensation Allocation And Classification In Financial Statements [Abstract]
Schedule of RSU Activity	The following table shows RSU activity for the three months ended December 31, 2021: (in thousands, except grant date fair value data) Number of RSUs Weighted-Average Grant Date Fair Value Per RSU Balance of outstanding restricted stock units, October 1, 2021 3,216 $ 92.83 Granted ( 1) 899 $ 117.10 Vested (1,119 ) $ 91.64 Forfeited or not earned (126 ) $ 93.80 Balance of outstanding restricted stock units, December 31, 2021 2,869 $ 100.85 (1) Restricted stock units granted includes 37,000 shares from prior period TSR awards that were earned upon achievement of the performance criteria and vested in November 2021.
Schedule of Number of RSU Awards Granted by Award Type	(in thousands) Three months ended December 31, 2021 Performance-based RSUs ( 1) 163 Service-based RSUs ( 2) 623 Total Shareholder Return RSUs ( 3) 76 (1) The performance-based RSUs were granted to our executives and are eligible to vest based upon annual increasing performance measures over a three-year (2) The service-based RSUs were granted to employees, including our executive officers. Substantially all service-based RSUs will vest in three substantially equal annual installments on or about the anniversary of the date of grant. (3) The Total Shareholder Return RSUs (TSR RSUs) were granted to our executives and are eligible to vest based on the performance of PTC stock relative to the stock performance of an index of PTC peer companies established as of the grant date, as determined at the end of the measurement period ending on September 30, 2024. The RSUs earned will vest on November 15, 2024. Up to a maximum of two times the number of TSR RSUs eligible to be earned for the period (up to a maximum aggregate of 152 thousand RSUs) may vest. If the return to PTC shareholders is negative for the period but still meets or exceeds the peer group indexed return, a maximum of 100% of the TSR RSUs may vest .
Schedule of Valuation Assumptions	The significant assumptions used in the Monte Carlo simulation model were as follows: Average volatility of peer group 34.67 % Risk free interest rate 0.81 % Dividend yield — %
Schedule of Classification of Compensation Expense	Compensation expense recorded for our stock-based awards is classified in our Consolidated Statements of Operations as follows: (in thousands) Three months ended December 31, 2021 December 31, 2020 Cost of license revenue $ 38 $ 20 Cost of support and cloud services revenue 3,478 2,302 Cost of professional services revenue 2,456 2,112 Sales and marketing 13,081 14,999 Research and development 10,176 8,443 General and administrative 16,713 18,212 Total stock-based compensation expense $ 45,942 $ 46,088

Earnings per Share (EPS) and _2

Earnings per Share (EPS) and Common Stock (Tables)	3 Months Ended
	Dec. 31, 2021
Earnings Per Share And Common Stock [Abstract]
Earnings per Share Basic and Diluted	The following table presents the calculation for both basic and diluted EPS: (in thousands, except per share data) Three months ended December 31, 2021 December 31, 2020 Net income $ 46,089 $ 23,515 Weighted-average shares outstanding—Basic 117,347 116,401 Dilutive effect of restricted stock units 1,251 1,204 Weighted-average shares outstanding—Diluted 118,598 117,605 Earnings per share—Basic $ 0.39 $ 0.20 Earnings per share—Diluted $ 0.39 $ 0.20

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Dec. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of Goodwill and Acquired Intangible Assets	Goodwill and acquired intangible assets consisted of the following: (in thousands) December 31, 2021 September 30, 2021 Gross Carrying Amount Accumulated Amortization Net Book Value Gross Carrying Amount Accumulated Amortization Net Book Value Goodwill (not amortized) $ 2,189,880 $ 2,191,887 Intangible assets with finite lives (amortized): Purchased software $ 482,824 $ 344,152 $ 138,672 $ 483,771 $ 338,542 $ 145,229 Capitalized software 22,877 22,877 — 22,877 22,877 — Customer lists and relationships 573,082 357,500 215,582 574,516 350,648 223,868 Trademarks and trade names 26,864 17,241 9,623 26,906 17,036 9,870 Other 3,972 3,972 — 4,000 4,000 — Total intangible assets with finite lives $ 1,109,619 $ 745,742 $ 363,877 $ 1,112,070 $ 733,103 $ 378,967 Total goodwill and acquired intangible assets $ 2,553,757 $ 2,570,854
Schedule of Changes in Goodwill by Reportable Segments	Changes in goodwill presented by reportable segments were as follows: (in thousands) Software Products Professional Services Total Balance, October 1, 2021 $ 2,148,968 $ 42,919 $ 2,191,887 Acquisitions 691 — 691 Foreign currency translation adjustment (2,645 ) (53 ) (2,698 ) Balance, December 31, 2021 $ 2,147,014 $ 42,866 $ 2,189,880
Schedule of Aggregate Amortization Expense for Intangible Assets with Finite Lives	The aggregate amortization expense for intangible assets with finite lives is classified in our Consolidated Statements of Operations as follows: (in thousands) Three months ended December 31, 2021 December 31, 2020 Amortization of acquired intangible assets $ 8,484 $ 6,547 Cost of license revenue 6,493 6,267 Total amortization expense $ 14,977 $ 12,814

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value, by Balance Sheet Grouping	Our significant financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2021 and September 30, 2021 were as follows: (in thousands) December 31, 2021 Level 1 Level 2 Level 3 Total Financial assets: Cash equivalents (1) $ 107,320 $ — $ — $ 107,320 Convertible note — — 2,000 2,000 Equity securities — — 87,306 87,306 Forward contracts — 1,486 — 1,486 Options — 2,021 — 2,021 $ 107,320 $ 3,507 $ 89,306 $ 200,133 Financial liabilities: Stock buyback pending settlement 5,260 — — 5,260 Forward contracts — 3,732 — 3,732 $ 5,260 $ 3,732 $ — $ 8,992 (in thousands) September 30, 2021 Level 1 Level 2 Level 3 Total Financial assets: Cash equivalents (1) $ 114,375 $ — $ — $ 114,375 Convertible note — — 2,000 2,000 Equity securities — — 77,500 77,500 Forward contracts — 5,363 — 5,363 $ 114,375 $ 5,363 $ 79,500 199,238 Financial liabilities: Forward contracts — 3,318 — 3,318 $ — $ 3,318 $ — $ 3,318 (1) Money market funds and time deposits.
Schedule of Changes in Fair Value of Level 3 Investment	The following table provides a summary of changes in the fair value of our Level 3 investment in the Matterport, Inc. shares: (in thousands) December 31, 2021 Fair Values Balance, October 1, 2021 $ 77,540 Unrealized gains 7,467 Reduction in discount due to lack of marketability ( 1) 2,299 Balance, December 31, 2021 $ 87,306 (1) The restriction on our ability to sell our shares lapsed in January 2022. Refer to Note 16. Subsequent Events

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	3 Months Ended
	Dec. 31, 2021
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, 2021 September 30, 2021 December 31, 2021 September 30, 2021 Derivative assets (1) Forward Contracts $ — $ 1,641 $ 1,486 $ 3,722 Options $ — $ — $ 2,021 $ — Derivative liabilities (2) Forward Contracts $ 1,248 $ — $ 2,484 $ 3,318 (1) As of December 31, 2021 and September 30, 2021, current derivative assets of $3.5 million and $5.4 million, respectively, are recorded in other current assets in the Consolidated Balance Sheets. (2) As of December 31, 2021 and September 30, 2021, current derivative liabilities of $3.7 million and $3.3 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, 2021 and September 30, 2021, we had outstanding forward contracts and options with notional amounts equivalent to the following: Currency Hedged (in thousands) December 31, 2021 September 30, 2021 Canadian / U.S. Dollar $ 5,256 $ 4,894 Euro / U.S. Dollar (1) 586,301 387,466 British Pound / U.S. Dollar 5,300 23,141 Israeli Shekel / U.S. Dollar 13,859 10,475 Japanese Yen / U.S. Dollar (2) 43,066 46,450 Swiss Franc / U.S. Dollar 7,621 18,039 Swedish Krona / U.S. Dollar 16,683 34,196 Singapore Dollar / U.S. Dollar 3,806 3,498 Chinese Renminbi / U.S. Dollar 19,496 23,297 New Taiwan Dollar / U.S. Dollar 2,669 3,369 Romanian Leu/ U.S. Dollar 3,971 778 Russian Ruble/ U.S. Dollar — 2,614 All other 7,253 5,704 Total $ 715,281 $ 563,921 (1) As of December 31, 2021, $388.7 million of the Euro to U.S. Dollar outstanding notional amount relates to forward contracts and $197.6 million relates to options. As of September 30, 2021, all of the Euro to U.S. Dollar outstanding notional amount relates to forward contracts (2) As of December 31, 2021, $16.8 million of the Japanese Yen to U.S. Dollar outstanding notional amount relates to forward contracts and $26.3 million relates to options. As of September 30, 2021, all of the Japanese Yen to U.S. Dollar outstanding notional amount relates to forward contracts As of December 31, 2021 and September 30, 2021, we had outstanding forward contracts designated as net investment hedges with notional amounts equivalent to the following: Currency Hedged (in thousands) December 31, 2021 September 30, 2021 Euro / U.S. Dollar $ 179,797 $ 128,103
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, 2021 and December 31, 2020: (in thousands) Three months ended Location of Loss December 31, 2021 December 31, 2020 Net realized and unrealized loss, excluding the underlying foreign currency exposure being hedged Other income (expense), net $ (3,435 ) $ (1,587 ) 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, 2021 and December 31, 2020: (in thousands) Three months ended Location of Gain (Loss) December 31, 2021 December 31, 2020 Gain (loss) recognized in OCI OCI $ (3,156 ) $ 580 Gain (loss) reclassified from OCI OCI (5,735 ) 2,942 Gain recognized, excluded portion Other income (expense), net 267 307
Schedule of Offsetting Assets	The following table sets forth the offsetting of derivative assets as of December 31, 2021: (in thousands) Gross Amounts Offset in the Consolidated Balance Sheets Gross Amounts Not Offset in the Consolidated Balance Sheets As of December 31, 2021 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 $ 1,486 $ — $ 1,486 $ (1,486 ) $ — $ —
Schedule of Offsetting Liabilities	The following table sets forth the offsetting of derivative liabilities as of December 31, 2021: (in thousands) Gross Amounts Offset in the Consolidated Balance Sheets Gross Amounts Not Offset in the Consolidated Balance Sheets As of December 31, 2021 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 $ 3,732 $ — $ 3,732 $ (1,486 ) $ — $ 2,246

Segment and Geographic Inform_2

Segment and Geographic Information (Tables)	3 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Summary of Revenue and Profit Attributable to Our Operating Segments	The revenue and profit attributable to our operating segments are summarized below. We do not produce asset information by reportable segment; therefore, it is not reported. (in thousands) Three months ended December 31, 2021 December 31, 2020 Software Products Revenue $ 413,593 $ 393,420 Operating costs ( 1) 116,028 105,401 Profit 297,565 288,019 Professional Services Revenue 44,128 35,630 Operating costs ( 2) 36,983 33,120 Profit 7,145 2,510 Total segment revenue 457,721 429,050 Total segment costs 153,011 138,521 Total segment profit 304,710 290,529 Unallocated operating expenses: Sales and marketing expenses 112,395 109,726 General and administrative expenses 34,177 27,400 Restructuring and other charges, net 33,991 247 Intangibles amortization 14,977 12,814 Stock-based compensation 45,942 46,088 Other unallocated operating expenses ( 3) 1,050 3,916 Total operating income 62,178 90,338 Interest and debt premium expense (12,986 ) (11,518 ) Other income (expense), net 6,184 (1,413 ) Income before income taxes $ 55,376 $ 77,407 (1) Operating costs for the Software Products segment include all costs of software revenue and research and development costs, excluding stock-based compensation and intangible amortization. (2) Operating costs for the Professional Services segment include all costs of professional services revenue, excluding stock-based compensation. (3) Other unallocated operating expenses include acquisition-related and other transactional costs.
Summary of Revenue for Geographic Regions	Our international revenue is presented based on the location of our customer. Revenue for the geographic regions in which we operate is presented below. (in thousands) Three months ended December 31, 2021 December 31, 2020 Americas $ 212,881 $ 202,279 Europe 162,308 162,319 Asia Pacific 82,532 64,452 Total revenue $ 457,721 $ 429,050

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Summary of Income Taxes	(in thousands) Three months ended December 31, 2021 December 31, 2020 Income before income taxes $ 55,376 $ 77,407 Provision for income taxes $ 9,287 $ 53,892 Effective income tax rate 17 % 70 %

Debt (Tables)

Debt (Tables)	3 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Schedule of Long-term Debt Obligations	At December 31, 2021 and September 30, 2021, we had the following long-term debt obligations: (in thousands) December 31, 2021 September 30, 2021 4.000% Senior notes due 2028 $ 500,000 $ 500,000 3.625% Senior notes due 2025 500,000 500,000 Credit facility revolver ( 1) 450,000 450,000 Total debt 1,450,000 1,450,000 Unamortized debt issuance costs for the senior notes ( 2) (9,986 ) (10,529 ) Total debt, net of issuance costs $ 1,440,014 $ 1,439,471 (1) Unamortized debt issuance costs related to the credit facility were $3.5 million and $3.8 million as of December 31, 2021 and September 30, 2021, respectively, and are included in other assets on the Consolidated Balance Sheets. ( 2 ) Unamortized debt issuance costs are included in long-term debt on the Consolidated Balance Sheets.

Leases (Tables)

Leases (Tables)	3 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Components of Lease Cost	The components of lease cost reflected in the Consolidated Statement of Operations for the three months ended December 31, 2021 and December 31, 2020 were as follows: (in thousands) Three months ended December 31, 2021 December 31, 2020 Operating lease cost $ 8,860 $ 9,391 Short-term lease cost 540 548 Variable lease cost 2,490 2,387 Sublease income (1,117 ) (1,084 ) Total lease cost $ 10,773 $ 11,242 Supplemental cash flow and right-of-use assets information for the three months ended December 31, 2021 and December 31, 2020 was as follows: (in thousands) Three months ended December 31, 2021 December 31, 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 15,865 $ 14,060 Financing cash flows from financing leases $ 239 $ 279 Right-of-use assets obtained in exchange for new lease obligations: Operating leases $ 601 $ 594 Financing leases $ — $ — Supplemental balance sheet information related to the leases as of December 31, 2021 was as follows: Weighted-average remaining lease term - operating leases 11.8 years Weighted-average remaining lease term - financing leases 4.0 years Weighted-average discount rate - operating leases 5.4 % Weighted-average discount rate - financing leases 3.0 %
Schedule of Maturities of Lease Liabilities	Maturities of lease liabilities as of December 31, 2021 are as follows: (in thousands) Remainder of 2022 $ 28,792 2023 29,469 2024 26,191 2025 22,652 2026 18,681 Thereafter 159,162 Total future lease payments $ 284,947 Less: imputed interest (78,915 ) Total lease liability $ 206,032

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Schedule of Contract Assets and Contract Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Sep. 30, 2021
Revenue From Contract With Customer [Abstract]
Contract asset	$ 13,177	$ 12,934
Deferred revenue	$ 481,070	$ 497,677

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Additional Information (Details) - USD ($)	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Sep. 30, 2021
Revenue from External Customer [Line Items]
Contract with customer, asset, expected to be transferred to receivables within the next 12 months and therefore	$ 8,400,000
Contract with customer, asset, reclassified to receivable	5,100,000
Contract with customer, asset, increase in contract assets related to revenue recognized	5,400,000
Impairments of the contract cost asset	0	$ 0
Deferred revenue, revenue recognized	222,000,000
Deferred revenue, additions	205,400,000
Short term and long term accounts receivable	683,800,000		$ 744,600,000
Refund liability	40,100,000		40,300,000
Allowance for doubtful accounts receivable	300,000		300,000
Amortization expense related to costs to obtain a contract with a customer	11,600,000	$ 10,400,000
Deferred revenue	481,070,000		497,677,000
Revenue, remaining performance obligation, amount	1,621,400,000
Unrecorded
Revenue from External Customer [Line Items]
Revenue, remaining performance obligation, amount	1,140,300,000
Other Current Assets
Revenue from External Customer [Line Items]
Capitalized contract cost, net	41,600,000		40,200,000
Other Assets
Revenue from External Customer [Line Items]
Capitalized contract cost, net	$ 80,700,000		$ 81,100,000

Revenue from Contracts with C_5

Revenue from Contracts with Customers - Remaining Performance Obligations - Additional Information (Details) - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-01-01	Dec. 31, 2021
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, percentage	83.00%
Revenue, remaining performance obligation, expected timing of satisfaction, period	24 months

Revenue from Contracts with C_6

Revenue from Contracts with Customers - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disaggregation Of Revenue [Line Items]
Revenue	$ 457,721	$ 429,050
Recurring revenue
Disaggregation Of Revenue [Line Items]
Revenue	405,125	384,957
Perpetual license
Disaggregation Of Revenue [Line Items]
Revenue	8,468	8,463
Professional services
Disaggregation Of Revenue [Line Items]
Revenue	$ 44,128	$ 35,630

Restructuring and Other Charg_3

Restructuring and Other Charges - Additional Information (Details) $ in Thousands	3 Months Ended			12 Months Ended
	Dec. 31, 2021USD ($)Employee	Sep. 30, 2021USD ($)	Dec. 31, 2020USD ($)	Sep. 30, 2020USD ($)Employee
Restructuring Cost And Reserve [Line Items]
Restructuring and other charges, net	$ (33,991)		$ (247)
Restructuring Charges	(34,144)		(131)
Sublease income	1,117		1,084
Payments for restructuring	9,828		3,420
Professional fees		$ 1,700
Restructuring Plan 2022
Restructuring Cost And Reserve [Line Items]
Payments for restructuring	9,100
Impairment and Accretion Exited Lease Facilities
Restructuring Cost And Reserve [Line Items]
Restructuring and other charges, net			(100)
Sublease income	100
Restructured Facilities | PTC Prior Restructuring
Restructuring Cost And Reserve [Line Items]
Payments for restructuring	700
Employee Severance and Related Benefits
Restructuring Cost And Reserve [Line Items]
Restructuring Charges	(34,072)		(160)
Payments for restructuring	9,145		2,733
Employee Severance and Related Benefits | Restructuring Plan 2022
Restructuring Cost And Reserve [Line Items]
Restructuring Charges	$ (34,100)
Number of employees | Employee	340
Employee Severance and Related Benefits | Restructuring Plan 2022 | Minimum
Restructuring Cost And Reserve [Line Items]
Restructuring Charges	$ (40,000)
Employee Severance and Related Benefits | Restructuring Plan 2022 | Maximum
Restructuring Cost And Reserve [Line Items]
Restructuring Charges	(45,000)
Employee Severance and Related Benefits | Restructuring Plan 2020
Restructuring Cost And Reserve [Line Items]
Restructuring Charges	$ (100)		$ (200)	$ (30,800)
Number of employees | Employee				250

Restructuring and Other Charg_4

Restructuring and Other Charges - Schedule of Restructuring Reserve (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Restructuring Reserve [Roll Forward]
Accrual, beginning balance	$ 5,486	$ 9,987
Charges to operations, net	34,144	131
Cash disbursements	(9,828)	(3,420)
Foreign exchange impact	(117)	54
Accrual, ending balance	29,685	6,752
Employee Severance and Related Benefits
Restructuring Reserve [Roll Forward]
Accrual, beginning balance	1,981	3,992
Charges to operations, net	34,072	160
Cash disbursements	(9,145)	(2,733)
Foreign exchange impact	(117)	42
Accrual, ending balance	26,791	1,461
Facility Closures and Related Costs
Restructuring Reserve [Roll Forward]
Accrual, beginning balance	3,505	5,995
Charges to operations, net	72	(29)
Cash disbursements	(683)	(687)
Foreign exchange impact	0	12
Accrual, ending balance	$ 2,894	$ 5,291

Stock-based Compensation -Sched

Stock-based Compensation -Schedule of RSU Activity (Details) - Restricted Stock Units (RSUs) shares in Thousands	3 Months Ended
	Dec. 31, 2021$ / sharesshares
Number of RSUs
Balance of outstanding restricted stock units, beginning, Shares | shares	3,216
Granted, shares | shares	899
Vested, Shares | shares	(1,119)
Forfeited or not earned, Shares | shares	(126)
Balance of outstanding restricted stock units, ending, Shares | shares	2,869
Weighted- Average Grant Date Fair Value Per RSU
Balance of outstanding restricted stock units, beginning (in USD per share) | $ / shares	$ 92.83
Granted (in USD per share) | $ / shares	117.10
Vested (in USD per share) | $ / shares	91.64
Forfeited or not earned (in USD per share) | $ / shares	93.80
Balance of outstanding restricted stock units, ending (in USD per share) | $ / shares	$ 100.85

Stock-based Compensation - Sche

Stock-based Compensation - Schedule of RSU Activity (Parenthetical) (Details) shares in Thousands	1 Months Ended
	Nov. 30, 2021shares
Prior Period TSR Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, shares	37

Stock-based Compensation - Sc_2

Stock-based Compensation - Schedule of Number of RSU Awards Granted by Award Type (Details) shares in Thousands	3 Months Ended
	Dec. 31, 2021shares
Performance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, shares	163
Service-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, shares	623
TSR Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, shares	76

Stock-based Compensation - Sc_3

Stock-based Compensation - Schedule of Number of RSU Awards Granted by Award Type (Parenthetical) (Details) shares in Thousands	3 Months Ended
	Dec. 31, 2021Installmentshares
Performance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Granted, shares	163
Number of equal annual installments | Installment	3
Performance-Based Restricted Stock Units | Maximum | Catch-Up Provision
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, shares	152
Performance-Based Restricted Stock Units | Maximum Two Times | Maximum | Catch-Up Provision
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of RSUs	two times
Service-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, shares	623
Number of equal annual installments | Installment	3
TSR Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, shares	76
TSR Units | Maximum | Catch-Up Provision
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, shares	152
Percentage of number of RSUs	100.00%
TSR Units | Maximum Two Times | Maximum | Catch-Up Provision
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of RSUs	two times

Stock-based Compensation - Addi

Stock-based Compensation - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 45,942	$ 46,088
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 2,000	$ 1,900
TSR Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average fair value per share	$ 136.43

Stock-based Compensation - Sc_4

Stock-based Compensation - Schedule of Valuation Assumptions (Details)	3 Months Ended
	Dec. 31, 2021
Volatility Assumptions [Abstract]
Average volatility of peer group	34.67%
Risk free interest rate	0.81%
Dividend yield	0.00%

Stock-based Compensation - Sc_5

Stock-based Compensation - Schedule of Classification of Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 45,942	$ 46,088
Sales and marketing
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	13,081	14,999
Research and development
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	10,176	8,443
General and administrative
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	16,713	18,212
License | Cost of Sales
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	38	20
Support and cloud services | Cost of Sales
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	3,478	2,302
Professional services | Cost of Sales
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 2,456	$ 2,112

Earnings per Share (EPS) and _3

Earnings per Share (EPS) and Common Stock - Earnings per Share Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Earnings Per Share And Common Stock [Abstract]
Net income	$ 46,089	$ 23,515
Weighted-average shares outstanding—Basic	117,347	116,401
Dilutive effect of restricted stock units	1,251	1,204
Weighted-average shares outstanding—Diluted	118,598	117,605
Earnings per share—Basic	$ 0.39	$ 0.20
Earnings per share—Diluted	$ 0.39	$ 0.20

Earnings per Share (EPS) and _4

Earnings per Share (EPS) and Common Stock - Additional Information (Details) - USD ($)	1 Months Ended	3 Months Ended
	Jan. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Sep. 30, 2021
Earnings Per Share and Common Stock [Line Items]
Stock option restricted shares and restricted stock units excluded from computation of EPS, shares		0	100,000
Common stock, shares authorized		500,000,000		500,000,000
Stock repurchase program, authorized amount		$ 1,000,000,000
Repurchases of common stock		1,003,000
Stock repurchased during period, value		$ 119,700,000	$ 0
Subsequent Event
Earnings Per Share and Common Stock [Line Items]
Repurchases of common stock	43,000
Incremental common shares attributable to dilutive effect of equity unit purchase agreements	43,000
Incremental common shares attributable to equity unit purchase agreements, value	$ 5,200,000
Stock repurchased during period, value	$ 5,300,000

Acquisitions - Additional Infor

Acquisitions - Additional Information (Details) $ in Thousands	Jan. 15, 2021USD ($)Employee	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Sep. 30, 2021USD ($)
Business Acquisition [Line Items]
Business combination, acquisition related costs		$ 1,000	$ 3,900
Revenue		457,721	$ 429,050
Goodwill, acquired		691
Deferred tax liabilities		4,279		$ 4,165
Deferred revenue		464,910		482,131
Accounts receivable		478,673		$ 541,072
Arena Solutions
Business Acquisition [Line Items]
Payments to acquire business, net of cash	$ 715,000
Cash acquired from acquisition	$ 11,100
Entity number of employees | Employee	170
Revenue		29,800
Fair value adjustments related to purchase accounting for acquisition		$ 9,100
Goodwill, acquired	$ 562,800
Deferred tax liabilities	41,300
Deferred revenue	15,500
Accounts receivable	11,400
Liabilities	400
Arena Solutions | Customer Lists
Business Acquisition [Line Items]
Finite-lived intangible assets acquired	$ 155,000
Acquired finite-lived intangible asset, weighted average useful life	13 years
Arena Solutions | Purchased Software
Business Acquisition [Line Items]
Finite-lived intangible assets acquired	$ 38,300
Acquired finite-lived intangible asset, weighted average useful life	9 years
Arena Solutions | Trademarks
Business Acquisition [Line Items]
Finite-lived intangible assets acquired	$ 4,200
Acquired finite-lived intangible asset, weighted average useful life	12 years
Arena Solutions | Line of Credit
Business Acquisition [Line Items]
Borrowings under credit facility	$ 600,000

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Additional Information (Details) $ in Thousands	3 Months Ended
	Dec. 31, 2021USD ($)Segment	Sep. 30, 2021USD ($)
Number of operating segments | Segment	2
Number of reportable segments | Segment	2
Intangible assets	$ 2,553,757	$ 2,570,854
Software Products
Intangible assets	2,508,800	2,525,700
Professional Services
Intangible assets	$ 45,000	$ 45,200

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Goodwill and Acquired Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Sep. 30, 2021
Goodwill (not amortized)	$ 2,189,880	$ 2,191,887
Intangible assets with finite lives (amortized), Gross Carrying Amount	1,109,619	1,112,070
Intangible assets with finite lives (amortized), Accumulated Amortization	745,742	733,103
Intangible assets with finite lives (amortized), Net Book Value	363,877	378,967
Intangible Assets, Net (Including Goodwill)	2,553,757	2,570,854
Purchased Software
Intangible assets with finite lives (amortized), Gross Carrying Amount	482,824	483,771
Intangible assets with finite lives (amortized), Accumulated Amortization	344,152	338,542
Intangible assets with finite lives (amortized), Net Book Value	138,672	145,229
Capitalized Software
Intangible assets with finite lives (amortized), Gross Carrying Amount	22,877	22,877
Intangible assets with finite lives (amortized), Accumulated Amortization	22,877	22,877
Intangible assets with finite lives (amortized), Net Book Value	0	0
Customer Lists and Relationships
Intangible assets with finite lives (amortized), Gross Carrying Amount	573,082	574,516
Intangible assets with finite lives (amortized), Accumulated Amortization	357,500	350,648
Intangible assets with finite lives (amortized), Net Book Value	215,582	223,868
Trademarks and Trade Names
Intangible assets with finite lives (amortized), Gross Carrying Amount	26,864	26,906
Intangible assets with finite lives (amortized), Accumulated Amortization	17,241	17,036
Intangible assets with finite lives (amortized), Net Book Value	9,623	9,870
Other
Intangible assets with finite lives (amortized), Gross Carrying Amount	3,972	4,000
Intangible assets with finite lives (amortized), Accumulated Amortization	3,972	4,000
Intangible assets with finite lives (amortized), Net Book Value	$ 0	$ 0

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Schedule of Changes in Goodwill by Reportable Segments (Details) $ in Thousands	3 Months Ended
	Dec. 31, 2021USD ($)
Goodwill [Line Items]
Balance, October 1, 2021	$ 2,191,887
Goodwill, acquired	691
Foreign currency translation adjustment	(2,698)
Balance, December 31, 2021	2,189,880
Software Products
Goodwill [Line Items]
Balance, October 1, 2021	2,148,968
Goodwill, acquired	691
Foreign currency translation adjustment	(2,645)
Balance, December 31, 2021	2,147,014
Professional Services
Goodwill [Line Items]
Balance, October 1, 2021	42,919
Goodwill, acquired	0
Foreign currency translation adjustment	(53)
Balance, December 31, 2021	$ 42,866

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Schedule of Aggregate Amortization Expense for Intangible Assets with Finite Lives (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Amortization of acquired intangible assets	$ 8,484	$ 6,547
Cost of license revenue	6,493	6,267
Total amortization expense	$ 14,977	$ 12,814

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Financial Assets and Liabilities Measured at Fair Value (Details) - USD ($) $ in Thousands		Dec. 31, 2021	Sep. 30, 2021
Financial assets:
Cash equivalents	[1]	$ 107,320	$ 114,375
Convertible note		2,000	2,000
Equity securities		87,306	77,500
Forward contracts		1,486	5,363
Financial assets, fair value		200,133	199,238
Options		2,021
Financial liabilities:
Stock buyback pending settlement		5,260
Forward contracts		3,732	3,318
Financial liabilities, fair value		8,992	3,318
Level 1
Financial assets:
Cash equivalents	[1]	107,320	114,375
Convertible note		0	0
Equity securities		0	0
Forward contracts		0	0
Financial assets, fair value		107,320	114,375
Options		0
Financial liabilities:
Stock buyback pending settlement		5,260
Forward contracts		0	0
Financial liabilities, fair value		5,260	0
Level 2
Financial assets:
Cash equivalents	[1]	0	0
Convertible note		0	0
Equity securities		0	0
Forward contracts		1,486	5,363
Financial assets, fair value		3,507	5,363
Options		2,021
Financial liabilities:
Stock buyback pending settlement		0
Forward contracts		3,732	3,318
Financial liabilities, fair value		3,732	3,318
Level 3
Financial assets:
Cash equivalents	[1]	0	0
Convertible note		2,000	2,000
Equity securities		87,306	77,500
Forward contracts		0	0
Financial assets, fair value		89,306	79,500
Options		0
Financial liabilities:
Stock buyback pending settlement		0
Forward contracts		0	0
Financial liabilities, fair value		$ 0	$ 0
[1]	Money market funds and time deposits.

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Sep. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-marketable equity investments	$ 2,200		$ 2,200
Net income (loss)	46,089	$ 23,515
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amount invested in non-marketable convertible note			$ 2,000
Level 3 | Matterport, Inc. | Equity Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets recognized at fair value	87,300
Level 3 | Matterport, Inc. | Equity Securities | Other Income
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net income (loss)	$ 9,800
Level 3 | Common Stock | Matterport, Inc. | Equity Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of shares issued	4,316,301

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Changes in Fair Value of Level 3 Investment (Details) - Matterport, Inc. - Level 3 $ in Thousands	3 Months Ended
	Dec. 31, 2021USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	$ 77,540
Unrealized gains	7,467
Reduction in discount due to lack of marketability	2,299	[1]
Ending balance	$ 87,306
[1]	The restriction on our ability to sell our shares lapsed in January 2022. Refer to Note 16. Subsequent Events

Marketable Securities - Additio

Marketable Securities - Additional Information (Details) - USD ($)	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Sep. 30, 2021
Marketable Securities [Abstract]
Marketable securities held	$ 0		$ 0
Proceeds from sale of marketable securities	$ 0	$ 56,170,000

Derivative Financial Instrume_3

Derivative Financial Instruments - Schedule of Derivative Financial Instruments at Gross Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Sep. 30, 2021
Derivative [Line Items]
Gross Amount of Recognized Assets	$ 2,021
Designated as Hedging Instrument | Forward Contracts
Derivative [Line Items]
Gross Amount of Recognized Assets	0	$ 1,641
Gross Amount of Recognized Liabilities	1,248	0
Designated as Hedging Instrument | Options
Derivative [Line Items]
Gross Amount of Recognized Assets	0	0
Not Designated as Hedging Instrument | Forward Contracts
Derivative [Line Items]
Fair Value of Derivatives Not Designated As Hedging Instruments	1,486	3,722
Fair Value of Derivatives Not Designated As Hedging Instruments	2,484	3,318
Not Designated as Hedging Instrument | Options
Derivative [Line Items]
Fair Value of Derivatives Not Designated As Hedging Instruments	$ 2,021	$ 0

Derivative Financial Instrume_4

Derivative Financial Instruments - Schedule of Derivative Financial Instruments at Gross Fair Value (Parentheticals) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Sep. 30, 2021
Derivative [Line Items]
Gross Amount of Recognized Assets	$ 2,021
Other Current Assets | Forward Contracts
Derivative [Line Items]
Gross Amount of Recognized Assets	3,500	$ 5,400
Other Current Liabilities | Forward Contracts
Derivative [Line Items]
Gross Amount of Recognized Liabilities	$ 3,700	$ 3,300

Derivative Financial Instrume_5

Derivative Financial Instruments - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Derivative [Line Items]
Gain (Loss) on foreign currency	$ (4.4)	$ (1.8)
Maximum | Forward Contracts | Not Designated as Hedging Instrument
Derivative [Line Items]
Derivative maturity	3 months
Maximum | Forward Contracts | Designated as Hedging Instrument | Net Investment Hedging
Derivative [Line Items]
Derivative maturity	3 months
Maximum | Foreign Exchange Options | Not Designated as Hedging Instrument
Derivative [Line Items]
Derivative maturity	10 months

Derivative Financial Instrume_6

Derivative Financial Instruments - Schedule of Notional Amounts of Outstanding Forward Contracts and Options (Details) - Not Designated as Hedging Instrument - Foreign Exchange Forward Contract and Options - USD ($) $ in Thousands	Dec. 31, 2021	Sep. 30, 2021
Derivative [Line Items]
Notional amount	$ 715,281	$ 563,921
Canadian / U.S. Dollar
Derivative [Line Items]
Notional amount	5,256	4,894
Euro / U.S. Dollar
Derivative [Line Items]
Notional amount	586,301	387,466
British Pound / U.S. Dollar
Derivative [Line Items]
Notional amount	5,300	23,141
Israeli Shekel / U.S. Dollar
Derivative [Line Items]
Notional amount	13,859	10,475
Japanese Yen / U.S. Dollar
Derivative [Line Items]
Notional amount	43,066	46,450
Swiss Franc / U.S. Dollar
Derivative [Line Items]
Notional amount	7,621	18,039
Swedish Krona / U.S. Dollar
Derivative [Line Items]
Notional amount	16,683	34,196
Singapore Dollar / U.S. Dollar
Derivative [Line Items]
Notional amount	3,806	3,498
Chinese Renminbi / U.S. Dollar
Derivative [Line Items]
Notional amount	19,496	23,297
New Taiwan Dollar / U.S. Dollar
Derivative [Line Items]
Notional amount	2,669	3,369
Romanian Leu/ U.S. Dollar
Derivative [Line Items]
Notional amount	3,971	778
Russian Ruble/ U.S. Dollar
Derivative [Line Items]
Notional amount	0	2,614
All other
Derivative [Line Items]
Notional amount	$ 7,253	$ 5,704

Derivative Financial Instrume_7

Derivative Financial Instruments - Schedule of Notional Amounts of Outstanding Forward Contracts and Options (Parenthetical) (Details) - Not Designated as Hedging Instrument $ in Millions	Dec. 31, 2021USD ($)
Foreign Exchange Forward | Japanese Yen / U.S. Dollar
Derivative [Line Items]
Notional amount	$ 388.7
Foreign Exchange Forward | Euro / U.S. Dollar
Derivative [Line Items]
Notional amount	16.8
Options | Japanese Yen / U.S. Dollar
Derivative [Line Items]
Notional amount	197.6
Options | Euro / U.S. Dollar
Derivative [Line Items]
Notional amount	$ 26.3

Derivative Financial Instrume_8

Derivative Financial Instruments - Schedule of Derivative Instruments and Hedging Activities Disclosures (Details) - Foreign Exchange Forward - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Not Designated as Hedging Instrument | Other income (expense), net
Derivative Instruments Gain Loss [Line Items]
Net realized and unrealized loss, excluding the underlying foreign currency exposure being hedged	$ (3,435)	$ (1,587)
Designated as Hedging Instrument | Net Investment Hedging
Derivative Instruments Gain Loss [Line Items]
Gain (loss) recognized in OCI	(3,156)	580
Gain (loss) reclassified from OCI	(5,735)	2,942
Designated as Hedging Instrument | Other income (expense), net | Net Investment Hedging
Derivative Instruments Gain Loss [Line Items]
Gain recognized, excluded portion	$ 267	$ 307

Derivative Financial Instrume_9

Derivative Financial Instruments - Schedule of Notional Amounts of Outstanding Forward Contracts (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Sep. 30, 2021
Euro / U.S. Dollar | Foreign Exchange Forward | Designated as Hedging Instrument | Net Investment Hedging
Derivative [Line Items]
Notional amount	$ 179,797	$ 128,103

Derivative Financial Instrum_10

Derivative Financial Instruments - Schedule of Offsetting Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Sep. 30, 2021
Derivative [Line Items]
Gross Amount of Recognized Assets	$ 2,021
Net Amounts of Assets Presented in the Consolidated Balance Sheets	1,486	$ 5,363
Foreign Currency Forwards
Derivative [Line Items]
Gross Amount of Recognized Assets	1,486
Gross Amounts Offset in the Consolidated Balance Sheets	0
Net Amounts of Assets Presented in the Consolidated Balance Sheets	1,486
Gross Amounts Not Offset in the Consolidated Balance Sheets, Financial Instruments	(1,486)
Gross Amounts Not Offset in the Consolidated Balance Sheets, Cash Collateral Received	0
Net Amount	$ 0

Derivative Financial Instrum_11

Derivative Financial Instruments - Schedule of Offsetting Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Sep. 30, 2021
Derivative [Line Items]
Net Amounts of Liabilities Presented in the Consolidated Balance Sheets	$ 3,732	$ 3,318
Foreign Currency Forwards
Derivative [Line Items]
Gross Amount of Recognized Liabilities	3,732
Gross Amounts Offset in the Consolidated Balance Sheets	0
Net Amounts of Liabilities Presented in the Consolidated Balance Sheets	3,732
Gross Amounts Not Offset in the Consolidated Balance Sheets, Financial Instruments	(1,486)
Gross Amounts Not Offset in the Consolidated Balance Sheets, Cash Collateral Pledged	0
Net Amount	$ 2,246

Segment and Geographic Inform_3

Segment and Geographic Information - Additional Information (Details)	3 Months Ended
	Dec. 31, 2021Segment
Segment Reporting [Abstract]
Number of operating segments	2
Number of reportable segments	2

Segment and Geographic Inform_4

Segment and Geographic Information - Summary of Revenue and Profit Attributable to Our Operating Segments (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Revenue Reconciling Item [Line Items]
Revenue	$ 457,721	$ 429,050
Operating costs	95,118	86,830
Gross margin	362,603	342,220
Sales and marketing	125,476	124,725
General and administrative	51,940	49,528
Restructuring and other charges, net	33,991	247
Intangibles amortization	14,977	12,814
Operating income	62,178	90,338
Interest and debt premium expense	(12,986)	(11,518)
Other income (expense), net	6,184	(1,413)
Income before income taxes	55,376	77,407
Operating Segments
Segment Reporting Revenue Reconciling Item [Line Items]
Revenue	457,721	429,050
Operating costs	153,011	138,521
Gross margin	304,710	290,529
Unallocated
Segment Reporting Revenue Reconciling Item [Line Items]
Sales and marketing	112,395	109,726
General and administrative	34,177	27,400
Restructuring and other charges, net	33,991	247
Intangibles amortization	14,977	12,814
Stock-based compensation	45,942	46,088
Other unallocated operating expenses	1,050	3,916
Software Products | Operating Segments
Segment Reporting Revenue Reconciling Item [Line Items]
Revenue	413,593	393,420
Operating costs	116,028	105,401
Gross margin	297,565	288,019
Professional Services | Operating Segments
Segment Reporting Revenue Reconciling Item [Line Items]
Revenue	44,128	35,630
Operating costs	36,983	33,120
Gross margin	$ 7,145	$ 2,510

Segment and Geographic Inform_5

Segment and Geographic Information - Revenue By Geographic Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Revenue Reconciling Item [Line Items]
Total revenue	$ 457,721	$ 429,050
Operating Segments
Segment Reporting Revenue Reconciling Item [Line Items]
Total revenue	457,721	429,050
Americas | Operating Segments
Segment Reporting Revenue Reconciling Item [Line Items]
Total revenue	212,881	202,279
Europe | Operating Segments
Segment Reporting Revenue Reconciling Item [Line Items]
Total revenue	162,308	162,319
Asia-Pacific | Operating Segments
Segment Reporting Revenue Reconciling Item [Line Items]
Total revenue	$ 82,532	$ 64,452

Income Taxes - Summary of Incom

Income Taxes - Summary of Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Income before income taxes	$ 55,376	$ 77,407
Provision for income taxes	$ 9,287	$ 53,892
Effective income tax rate	17.00%	70.00%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Federal statutory income tax rate	21.00%	21.00%
Charge related to effects of Non US Jurisdiction unrecognized tax benefit		$ 35.3
Unrecognized tax benefits	$ 21.8		$ 21.2
Income tax provision upon recognition of unrecognized tax benefit	21.8
Unrecognized tax benefits that would impact valuation allowance	4.7
Potential decrease in unrecognized tax benefits	$ 1

Debt - Schedule of Long-term De

Debt - Schedule of Long-term Debt Obligations (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Sep. 30, 2021	Feb. 13, 2020
Debt Instrument [Line Items]
Total debt	$ 1,450,000	$ 1,450,000
Unamortized debt issuance costs for the senior notes	(9,986)	(10,529)
Total debt, net of issuance costs	1,440,014	1,439,471
4.000% Senior Notes Due 2028
Debt Instrument [Line Items]
Senior Notes			$ 500,000
3.625% Senior Notes Due 2025
Debt Instrument [Line Items]
Senior Notes			$ 500,000
Long-term Debt [Member] | Line of Credit
Debt Instrument [Line Items]
Credit facility revolver	450,000	450,000
Long-term Debt [Member] | 4.000% Senior Notes Due 2028
Debt Instrument [Line Items]
Senior Notes	500,000	500,000
Long-term Debt [Member] | 3.625% Senior Notes Due 2025
Debt Instrument [Line Items]
Senior Notes	$ 500,000	$ 500,000

Debt - Schedule of Long-term _2

Debt - Schedule of Long-term Debt Obligations (Parenthetical) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Sep. 30, 2021
Debt Instrument [Line Items]
Unamortized Debt Issuance Expense	$ 9,986	$ 10,529
Other Noncurrent Assets | Line of Credit
Debt Instrument [Line Items]
Unamortized Debt Issuance Expense	$ 3,500	$ 3,800

Debt - Senior Notes - Additiona

Debt - Senior Notes - Additional Information (Details) - USD ($) $ in Millions	Feb. 13, 2020	Dec. 31, 2021
Senior Notes
Debt Instrument [Line Items]
Redemption price, percentage	101.00%
4.000% Senior Notes Due 2028
Debt Instrument [Line Items]
Senior Notes	$ 500
Interest rate	4.00%
4.000% Senior Notes Due 2028 | Senior Notes
Debt Instrument [Line Items]
Fair value amount		$ 513
3.625% Senior Notes Due 2025
Debt Instrument [Line Items]
Senior Notes	$ 500
Interest rate	3.625%
3.625% Senior Notes Due 2025 | Senior Notes
Debt Instrument [Line Items]
Fair value amount		$ 508

Debt - Credit Agreement - Addit

Debt - Credit Agreement - Additional Information (Details) - USD ($)	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Feb. 01, 2022	Sep. 30, 2021	Feb. 13, 2020
Debt Instrument [Line Items]
Credit facility amount					$ 1,000,000,000
Voting interest in domestic subsidiaries pledged against credit facility	100.00%
Voting interest in foreign subsidiaries pledged against credit facility	65.00%
Leverage ratio, actual	2.23
Senior debt leverage ratio, actual	0.71
Fixed charge coverage ratio, actual	14.02
Periodic interest payment	$ 2,400,000	$ 700,000
Interest rate during period	3.20%	3.80%
Foreign Subsidiary | Subsequent Event
Debt Instrument [Line Items]
Long-term portion of long term debt			$ 0
Line of Credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity expansion amount					$ 500,000,000
Credit facility maturity date	Feb. 13, 2025
Basis spread on Federal Reserve Bank of New York (FRBNY) rate	0.50%
Basis spread on adjusted LIBOR	1.00%
Investment limit in foreign subsidiaries	$ 100,000,000
Cash investment limit for acquisition of business	$ 200,000,000
Total leverage ratio	4.50
Senior secured leverage ratio	3
Minimum fixed charge coverage ratio allowed under debt covenant	3
Line of Credit | Long-term Debt
Debt Instrument [Line Items]
Long-term portion of long term debt	$ 450,000,000			$ 450,000,000
Annual rate for borrowing outstanding	1.69%
Line of Credit | Minimum
Debt Instrument [Line Items]
Variable interest rate, length of time between updates	30 days
Credit facility commitment fees percentage	0.175%
Line of Credit | Minimum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate	1.25%
Line of Credit | Minimum | Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate	0.25%
Line of Credit | Maximum
Debt Instrument [Line Items]
Variable interest rate, length of time between updates	180 days
Credit facility commitment fees percentage	0.30%
Line of Credit | Maximum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate	1.75%
Line of Credit | Maximum | Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate	0.75%

Leases - Additional Information

Leases - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Sep. 30, 2021	Feb. 28, 2019
Lessee Lease Description [Line Items]
Lease expiration date	2037
Payments to be received as sublease income				$ 9,100
Operating right-of-use lease assets	$ 150,261		$ 152,337
Operating lease, liability	206,032
Lease Cost
Operating cash flows from operating leases	15,865	$ 14,060
Facility Closures and Related Costs
Lessee Lease Description [Line Items]
Operating lease liability, net. restructured facilities	2,700		$ 3,600
Operating right-of-use lease assets	900
Operating lease, liability	3,600
Lease Cost
Operating cash flows from operating leases	700	$ 3,800
Facility Closures and Related Costs | Operating Lease Short Term Lease Obligation
Lessee Lease Description [Line Items]
Operating lease, liability	3,000
Facility Closures and Related Costs | Operating Lease Long Term Lease Obligation
Lessee Lease Description [Line Items]
Operating lease, liability	600
Sublease Income Committed
Lessee Lease Description [Line Items]
Sublease income assumed	$ 900

Leases - Components of Lease Co

Leases - Components of Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Lease Cost
Operating lease cost	$ 8,860	$ 9,391
Short-term lease cost	540	548
Variable lease cost	2,490	2,387
Sublease income	(1,117)	(1,084)
Total lease cost	$ 10,773	$ 11,242

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Cash Flow and Right of Use Assets Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Operating cash flows from operating leases	$ 15,865	$ 14,060
Financing cash flows from financing leases	239	279
Right-of-use assets obtained in exchange for new lease obligations, operating leases	601	594
Right-of-use assets obtained in exchange for new lease obligations, financing leases	$ 0	$ 0

Leases - Schedule of Suppleme_2

Leases - Schedule of Supplemental Balance Sheet Information Related to Leases (Details)	Dec. 31, 2021
Leases [Abstract]
Weighted-average remaining lease term - operating leases	11 years 9 months 18 days
Weighted-average remaining lease term - financing leases	4 years
Weighted-average discount rate - operating leases	5.40%
Weighted-average discount rate - financing leases	3.00%

Leases - Schedule of Maturities

Leases - Schedule of Maturities of Lease Liabilities (Details) $ in Thousands	Dec. 31, 2021USD ($)
Operating Lease (ASC 842)
Remainder of 2022	$ 28,792
2023	29,469
2024	26,191
2025	22,652
2026	18,681
Thereafter	159,162
Total future lease payments	284,947
Less: imputed interest	(78,915)
Total lease liability	$ 206,032

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) $ in Millions	3 Months Ended
	Dec. 31, 2021USD ($)Plantiff	Dec. 31, 2020USD ($)
Loss Contingencies [Line Items]
Letters of credit and bank guarantees outstanding	$ 15.3	$ 16.5
Bank guarantees outstanding collateralized	$ 0.5	$ 0.5
Putative Class Action
Loss Contingencies [Line Items]
Lawsuit filing date	September 17, 2020
Number of plaintiffs | Plantiff	3
Lawsuit action domicile	U.S. District Court for the District of Massachusetts
Plaintiffs claim	The plaintiffs seek unspecified damages on behalf of a class of Plan participants from September 17, 2014 through the date of any judgment.

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	Feb. 02, 2022	Jan. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Mar. 31, 2022
Subsequent Event [Line Items]
Payment of outstanding balance on revolving credit facility			$ 0	$ 18,000,000
Net income (loss)			$ 46,089,000	23,515,000
Repurchases of common stock			1,003,000
Stock repurchased during period, value			$ 119,700,000	$ 0
Matterport, Inc. | Scenario Forecast | Equity Securities
Subsequent Event [Line Items]
Net income (loss)					$ (48,200,000)
Subsequent Event
Subsequent Event [Line Items]
Payment of outstanding balance on revolving credit facility	$ 40,000,000
Repurchases of common stock		43,000
Stock repurchased during period, value		$ 5,300,000
Subsequent Event | Matterport, Inc. | Equity Securities
Subsequent Event [Line Items]
Sale of common shares		4,316,301
Sale of common shares aggregate price		$ 39,100,000