XML 29 R18.htm IDEA: XBRL DOCUMENT v3.21.1
Accumulated Other Comprehensive Income
6 Months Ended
Mar. 26, 2021
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 loss, a subsection within stockholders’ equity in our condensed 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 which is also when the gains and losses are realized.
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 condensed consolidated statements of operations (in thousands):
Fiscal Quarter Ended
March 26, 2021
Fiscal Year-To-Date Ended
March 26, 2021
Investment SecuritiesCash Flow HedgesCurrency Translation AdjustmentsTotalInvestment SecuritiesCash Flow HedgesCurrency Translation AdjustmentsTotal
Beginning Balance$653 $6,115 $(7,376)$(608)$818 $3,969 $(15,381)$(10,594)
Other comprehensive income/(loss) before reclassifications:
Unrealized losses(423)(4,974)— (5,397)(607)(3,910)— (4,517)
Foreign currency translation gains/(losses) (1)— — (837)(837)— — 7,640 7,640 
Income tax effect - benefit/(expense)52 116 (35)133 56 65 (507)(386)
Net of tax(371)(4,858)(872)(6,101)(551)(3,845)7,133 2,737 
Amounts reclassified from AOCI into earnings:
Realized gains (1)184 2,650 — 2,834 201 4,022 — 4,223 
Income tax effect - expense (2)(8)(156)— (164)(10)(395)— (405)
Net of tax176 2,494 — 2,670 191 3,627 — 3,818 
Net current-period other comprehensive income/(loss)(195)(2,364)(872)(3,431)(360)(218)7,133 6,555 
Ending Balance$458 $3,751 $(8,248)$(4,039)$458 $3,751 $(8,248)$(4,039)

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 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 (1)84 33 — 117 1,392 39 — 1,431 
Income tax effect - 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)
(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 foreign currency contracts designated as cash flow hedges are included in operating expenses in the condensed consolidated statements of operations.
(2)The income tax benefit or expense is included within provision for income taxes in our condensed consolidated statements of operations.