Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Jun. 25, 2021

Schedule of Accumulated Other Comprehensive Income (Loss)

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 June 25, 2021								Fiscal Year-To-Date Ended June 25, 2021
	Investment Securities		Cash Flow Hedges		Currency Translation Adjustments		Total		Investment Securities		Cash Flow Hedges		Currency Translation Adjustments		Total
Beginning Balance	$	458	$	3,751	$	(8,248)	$	(4,039)	$	818	$	3,969	$	(15,381)	$	(10,594)
Other comprehensive income/(loss) before reclassifications:
Unrealized losses	(212)		(4,293)		—		(4,505)		(819)		(8,203)		—		(9,022)
Foreign currency translation gains (1)	—		—		937		937		—		—		8,577		8,577
Income tax effect - benefit/(expense)	44		115		(110)		49		100		180		(617)		(337)
Net of tax	(168)		(4,178)		827		(3,519)		(719)		(8,023)		7,960		(782)
Amounts reclassified from AOCI into earnings:
Realized gains (1)	8		2,758		—		2,766		209		6,780		—		6,989
Income tax effect - expense (2)	(2)		(238)		—		(240)		(12)		(633)		—		(645)
Net of tax	6		2,520		—		2,526		197		6,147		—		6,344
Net current-period other comprehensive income/(loss)	(162)		(1,658)		827		(993)		(522)		(1,876)		7,960		5,562
Ending Balance	$	296	$	2,093	$	(7,421)	$	(5,032)	$	296	$	2,093	$	(7,421)	$	(5,032)


	Fiscal Quarter Ended June 26, 2020								Fiscal Year-To-Date Ended June 26, 2020
	Investment Securities		Cash Flow Hedges		Currency Translation Adjustments		Total		Investment Securities		Cash Flow Hedges		Currency Translation Adjustments		Total
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 (1)	—		—		8,252		8,252		—		—		1,875		1,875
Income tax effect - 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 (1)	1,854		1,054		—		2,908		3,246		1,093		—		4,339
Income tax effect - expense (2)	(370)		—		—		(370)		(647)		—		—		(647)
Net of tax	1,484		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)

(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 condensed 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.