Accumulated Other Comprehensive (Loss) Income

6 Months Ended

May 02, 2020

Equity [Abstract]

Accumulated Other Comprehensive (Loss) Income

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 six 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	(7,060)		(109,435)		682		(115,813)
Amounts reclassified out of other comprehensive income (loss)	—		2,958		1,282		4,240
Tax effects	—		25,066		(317)		24,749
Other comprehensive (loss) income	(7,060)		(81,411)		1,647		(86,824)
Effect of Accounting Standards Update 2018-02	—		(2,379)		—		(2,379)
May 2, 2020	$	(37,136)	$	(201,805)	$	(38,061)	$	(277,002)

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				Six Months Ended
Comprehensive Income Component	May 2, 2020		May 4, 2019		May 2, 2020		May 4, 2019		Location
Unrealized holding losses (gains) on derivatives
Currency forwards	$	160	$	478	$	80	$	1,197	Cost of sales
	488		770		866		1,618		Research and development
	552		956		1,084		1,871		Selling, marketing, general and administrative
Interest rate derivatives	464		464		928		510		Interest expense
	1,664		2,668		2,958		5,196		Total before tax
	(197)		(393)		(567)		(803)		Tax
Effect of Accounting Standards Update 2018-02	—		—		(2,379)		—		Retained earnings
	$	1,467	$	2,275	$	12	$	4,393	Net of tax
Amortization of pension components included in the computation of net periodic pension cost
Actuarial losses	634		254		1,282		511
	(157)		(63)		(317)		(126)		Tax
	$	477	$	191	$	965	$	385	Net of tax
Total amounts reclassified out of AOCI, net of tax	$	1,944	$	2,466	$	977	$	4,778

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.