Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Apr. 01, 2022

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 April 1, 2022								Fiscal Year-To-Date Ended April 1, 2022
	Investment Securities		Cash Flow Hedges		Currency Translation Adjustments		Total		Investment Securities		Cash Flow Hedges		Currency Translation Adjustments		Total
Beginning Balance	$	(284)	$	115	$	(11,352)	$	(11,521)	$	220	$	(122)	$	(10,128)	$	(10,030)
Other comprehensive income/(loss) before reclassifications:
Unrealized gains/(losses)	(3,595)		(97)		—		(3,692)		(4,557)		356		—		(4,201)
Foreign currency translation losses (1)	—		—		(619)		(619)		—		—		(1,809)		(1,809)
Income tax effect - benefit/(expense)	—		(48)		34		(14)		—		(97)		—		(97)
Net of tax	(3,595)		(145)		(585)		(4,325)		(4,557)		259		(1,809)		(6,107)
Amounts reclassified from AOCI into earnings:
Realized gains/(losses) (1)	80		87		—		167		542		(98)		—		444
Income tax effect - benefit/(expense) (2)	(1)		(1)		—		(2)		(5)		17		—		12
Net of tax	79		86		—		165		537		(81)		—		456
Net current-period other comprehensive income/(loss)	(3,516)		(59)		(585)		(4,160)		(4,020)		178		(1,809)		(5,651)
Ending Balance	$	(3,800)	$	56	$	(11,937)	$	(15,681)	$	(3,800)	$	56	$	(11,937)	$	(15,681)


	Fiscal Quarter Ended March 26, 2021								Fiscal Year-To-Date Ended March 26, 2021
	Investment Securities		Cash Flow Hedges		Currency Translation Adjustments		Total		Investment Securities		Cash Flow Hedges		Currency Translation Adjustments		Total
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 tax	176		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)

(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.