Accumulated other comprehensive income (loss) ("AOCI")

12 Months Ended

Jun. 28, 2024

Accumulated other comprehensive income (loss) ("AOCI")

Accumulated other comprehensive income (loss) (“AOCI”)

The changes in AOCI for the years ended June 28, 2024 and June 30, 2023 were as follows:


(in thousands)	Unrealized Gains (Losses) on Available-for-sale Securities		Unrealized Gains (Losses) on Derivative Instruments		Retirement benefit plan - Prior service cost		Foreign Currency Translation Adjustment		Total
Balance as of June 24, 2022	$	(6,018)	$	(5,082)	$	(803)	$	(890)	$	(12,793)
Other comprehensive income (loss) before reclassification	2,646		2,444		—		(75)		5,015
Amounts reclassified from AOCI	93		(903)		473		—		(337)
Tax effects	—		—		—		—		—
Other comprehensive income (loss)	2,739		1,541		473		(75)		4,678
Balance as of June 30, 2023	(3,279)		(3,541)		(330)		(965)		(8,115)
Other comprehensive income (loss) before reclassification	2,099		2,792		—		(17)		4,874
Amounts reclassified from AOCI	1		(403)		330		—		(72)
Tax effects	—		172		—		—		172
Other comprehensive income (loss)	2,100		2,561		330		(17)		4,974
Balance as of June 28, 2024	$	(1,179)	$	(980)	$	—	$	(982)	$	(3,141)

The following table presents the pre-tax amounts reclassified from AOCI into the consolidated statements of operations and comprehensive income for the years ended June 28, 2024 and June 30, 2023, respectively.


(in thousands)		Years Ended
AOCI components	Financial statements line item	June 28, 2024		June 30, 2023
Unrealized gains (losses) on available-for-sale securities	Interest income	$	1	$	93
Unrealized gains (losses) on derivative instruments	Cost of revenues	8,563		7,995
Unrealized gains (losses) on derivative instruments	Selling, general and administrative expenses	357		334
Unrealized gains (losses) on derivative instruments	Foreign exchange gain (loss), net	(9,103)		(8,644)
Unrealized gains (losses) on derivative instruments	Interest expense	(220)		(588)
Retirement benefit plan – Prior service cost	Selling, general and administrative expenses	330		473
Total amounts reclassified from AOCI		$	(72)	$	(337)