Comprehensive Income (Loss)

9 Months Ended

Jul. 01, 2012

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Comprehensive Income (Loss)

COMPREHENSIVE INCOME (LOSS)

Comprehensive income (loss) and the components of other comprehensive income (loss), net of tax, for the three and nine month periods ended July 1, 2012 and July 3, 2011 are as follows:

	Three Months						Nine Months
	2012			2011			2012			2011
Net income (loss)	$	58,649		$	28,604		$	43,059		$	(41,339	)
Other comprehensive (loss) income:
Foreign currency translation	(34,148		)	13,139			(30,538		)	33,009
Valuation allowance adjustments	465			(216		)	214			860
Pension liability adjustments	422			—			953			—
Net unrealized gain (loss) on derivative instruments	1,010			(653		)	2,127			(3,718		)
Net change to derive comprehensive (loss) income for the period	(32,251		)	12,270			(27,244		)	30,151
Comprehensive income (loss)	$	26,398		$	40,874		$	15,815		$	(11,188	)

Net gains or losses resulting from the translation of assets and liabilities of foreign subsidiaries are accumulated in the Accumulated other comprehensive income (“AOCI”) section of Shareholders’ equity. Also included are the effects of exchange rate changes on intercompany balances of a long-term nature.

The changes in accumulated foreign currency translation for the three and nine month periods ended July 1, 2012 and July 3, 2011 were primarily attributable to the impact of translation of the net assets of the Company’s European and Latin American operations, which primarily have functional currencies in Euros, Pounds Sterling and Brazilian Real.