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Accumulated Other Comprehensive Income
9 Months Ended
Jun. 26, 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
June 26, 2020
Fiscal Year-To-Date Ended
June 26, 2020
Investment SecuritiesCash Flow HedgesCurrency Translation AdjustmentsTotalInvestment SecuritiesCash Flow HedgesCurrency Translation AdjustmentsTotal
Beginning Balance$1,309  $(3,724) $(29,200) $(31,615) $2,198  $—  $(22,823) $(20,625) 
Other comprehensive income/(loss) before reclassifications:
Unrealized gains/(losses)(820) 4,820  —  4,000  (2,894) 1,057  —  (1,837) 
Foreign currency translation gains/(losses) (1)—  —  8,252  8,252  —  —  1,875  1,875  
Income tax effect - benefit/(expense)(186) (110) —  (296) (116) (110) —  (226) 
Net of tax(1,006) 4,710  8,252  11,956  (3,010) 947  1,875  (188) 
Amounts reclassified from AOCI into earnings:
Realized gains/(losses) (1)1,854  1,054  —  2,908  3,246  1,093  —  4,339  
Income tax effect - benefit/(expense) (2)(370) —  —  (370) (647) —  —  (647) 
Net of tax1,484  1,054  —  2,538  2,599  1,093  —  3,692  
Net current-period other comprehensive income/(loss)478  5,764  8,252  14,494  (411) 2,040  1,875  3,504  
Ending Balance$1,787  $2,040  $(20,948) $(17,121) $1,787  $2,040  $(20,948) $(17,121) 

Fiscal Quarter Ended
June 28, 2019
Fiscal Year-To-Date Ended
June 28, 2019
Investment SecuritiesCash Flow HedgesCurrency Translation AdjustmentsTotalInvestment SecuritiesCash Flow HedgesCurrency Translation AdjustmentsTotal
Beginning Balance$(80) $—  $(14,603) $(14,683) $(2,948) $—  $(12,884) $(15,832) 
Other comprehensive income before reclassifications:
Unrealized gains/(losses)2,095  139  —  2,234  4,905  139  —  5,044  
Foreign currency translation gains/(losses) (1)—  —  (1,865) (1,865) —  —  (3,584) (3,584) 
Income tax effect - benefit/(expense)(60) —  —  (60) 39  —  —  39  
Net of tax2,035  139  (1,865) 309  4,944  139  (3,584) 1,499  
Amounts reclassified from AOCI into earnings:
Realized gains/(losses) (1)(147) (5) —  (152) (213) (5) —  (218) 
Income tax effect - benefit/(expense) (2)30  —  —  30  55  —  —  55  
Net of tax(117) (5) —  (122) (158) (5) —  (163) 
Net current-period other comprehensive income/(loss)1,918  134  (1,865) 187  4,786  134  (3,584) 1,336  
Ending Balance$1,838  $134  $(16,468) $(14,496) $1,838  $134  $(16,468) $(14,496) 
(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.