XML 42 R18.htm IDEA: XBRL DOCUMENT v3.20.1
Accumulated Other Comprehensive Income
6 Months Ended
Mar. 27, 2020
Equity [Abstract]  
Accumulated Other Comprehensive Income Accumulated Other Comprehensive Income Other comprehensive income consists of three components: unrealized gains or losses on our AFS marketable investment securities, gains and losses on derivatives in cash flow hedge relationships not yet recognized in earnings, and the gains and losses from the translation of assets and liabilities denominated in non-U.S. dollar functional currencies. Until realized and reported as a component of net income, these comprehensive income items accumulate and are included within accumulated other comprehensive income, a subsection within stockholders’ equity in our consolidated balance sheets. Unrealized gains and losses on our investment securities are reclassified from AOCI into earnings when realized upon sale and are determined based on specific identification of securities sold. Unrealized gains and losses on our cash flow hedges are reclassified from AOCI into earnings when the hedged operating expenses are recognized.
The following table summarizes the changes in the accumulated balances during the period, and includes information regarding the manner in which the reclassifications out of AOCI into earnings affect our consolidated statements of operations (in thousands):
Fiscal Quarter Ended
March 27, 2020
Fiscal Year-To-Date Ended
March 27, 2020
Investment SecuritiesCash Flow HedgesCurrency Translation AdjustmentsTotalInvestment SecuritiesCash Flow HedgesCurrency Translation AdjustmentsTotal
Beginning Balance$1,036  $284  $(19,380) $(18,060) $2,198  $—  $(22,823) $(20,625) 
Other comprehensive income/(loss) before reclassifications:
Unrealized gains/(losses)135  (4,078) —  (3,943) (2,074) (3,763) —  (5,837) 
Foreign currency translation gains/(losses) (1)—  —  (9,780) (9,780) —  —  (6,377) (6,377) 
Income tax effect - benefit/(expense)70  37  (40) 67  70  —  —  70  
Net of tax205  (4,041) (9,820) (13,656) (2,004) (3,763) (6,377) (12,144) 
Amounts reclassified from AOCI into earnings:  
Realized gains/(losses) (1)84  33  —  117  1,392  39  —  1,431  
Income tax effect - benefit/(expense) (2)(16) —  —  (16) (277) —  —  (277) 
Net of tax68  33  —  101  1,115  39  —  1,154  
Net current-period other comprehensive income/(loss)273  (4,008) (9,820) (13,555) (889) (3,724) (6,377) (10,990) 
Ending Balance$1,309  $(3,724) $(29,200) $(31,615) $1,309  $(3,724) $(29,200) $(31,615) 

Fiscal Quarter Ended
March 29, 2019
Fiscal Year-To-Date Ended
March 29, 2019
Investment SecuritiesCash Flow HedgesCurrency Translation AdjustmentsTotalInvestment SecuritiesCash Flow HedgesCurrency Translation AdjustmentsTotal
Beginning Balance$(2,178) $—  $(16,461) $(18,639) $(2,948) $—  $(12,884) $(15,832) 
Other comprehensive income before reclassifications:
Unrealized gains/(losses)1,879  —  —  1,879  2,810  —  —  2,810  
Foreign currency translation gains/(losses) (1)—  —  1,858  1,858  —  —  (1,719) (1,719) 
Income tax effect - benefit/(expense)99  —  —  99  99  —  —  99  
Net of tax1,978  —  1,858  3,836  2,909  —  (1,719) 1,190  
Amounts reclassified from AOCI into earnings:  
Realized gains/(losses) (1)135  —  —  135  (66) —  —  (66) 
Income tax effect - benefit/(expense) (2)(15) —  —  (15) 25  —  —  25  
Net of tax120  —  —  120  (41) —  —  (41) 
Net current-period other comprehensive income/(loss)2,098  —  1,858  3,956  2,868  —  (1,719) 1,149  
Ending Balance$(80) $—  $(14,603) $(14,683) $(80) $—  $(14,603) $(14,683) 
(1)Realized gains or losses, if any, from the sale of our AFS investment securities or from foreign currency translation adjustments are included within other income/expense, net in our consolidated statements of operations. Realized gains or losses on cash flow hedges are included in operating expenses together with the hedged item.
(2)The income tax benefit or expense is included within provision for income taxes in our consolidated statements of operations.