Accumulated Other Comprehensive (Loss) Income

3 Months Ended

Feb. 01, 2020

Accumulated Other Comprehensive (Loss) Income

The following table provides the changes in accumulated other comprehensive (loss) income (AOCI) by component and the related tax effects during the first three months of fiscal 2020.


	Foreign currency translation adjustment		Unrealized holding gains (losses) on derivatives		Pension plans		Total
November 2, 2019	$	(30,076)	$	(118,015)	$	(39,708)	$	(187,799)
Other comprehensive loss before reclassifications	(195)		(18,781)		(234)		(19,210)
Amounts reclassified out of other comprehensive income (loss)	—		1,294		648		1,942
Tax effects	—		5,459		(160)		5,299
Other comprehensive (loss) income	(195)		(12,028)		254		(11,969)
Effect of Accounting Standards Update 2018-02	—		(2,379)		—		(2,379)
February 1, 2020	$	(30,271)	$	(132,422)	$	(39,454)	$	(202,147)

The amounts reclassified out of AOCI into the Condensed Consolidated Statements of Income and the Condensed Consolidated Statements of Shareholders' Equity with presentation location during each period were as follows:


	Three Months Ended
Comprehensive Income Component	February 1, 2020		February 2, 2019		Location
Unrealized holding losses (gains) on derivatives
Currency forwards	$	(80)	$	719	Cost of sales
	378		848		Research and development
	532		915		Selling, marketing, general and administrative

Interest rate derivatives	464		46		Interest expense

	1,294		2,528		Total before tax
	(370)		(508)		Tax
Effect of Accounting Standards Update 2018-02	(2,379)		—		Retained earnings
	$	(1,455)	$	2,020	Net of tax

Amortization of pension components included in the computation of net periodic pension cost


Actuarial losses	648		257

	(160)		(63)		Tax
	$	488	$	194	Net of tax

Total amounts reclassified out of AOCI, net of tax	$	(967)	$	2,214

The Company estimates that settlements of forward foreign currency derivative instruments included in AOCI that will be reclassified into earnings will be immaterial within the next twelve months.

Realized gains or losses on investments are determined based on the specific identification basis and are recognized in nonoperating expense (income). There were no material net realized gains or losses from the sales of available-for-sale investments during any of the fiscal periods presented.