Accumulated Other Comprehensive (Loss) Income

6 Months Ended

May 01, 2021

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 2021.


	Foreign currency translation adjustment		Unrealized holding gains (losses) on derivatives		Pension plans		Total
October 31, 2020	$	(26,852)	$	(172,670)	$	(49,939)	$	(249,461)
Other comprehensive income (loss) before reclassifications	8,025		83,103		(2,698)		88,430
Amounts reclassified out of other comprehensive income (loss)	—		(6,101)		1,498		(4,603)
Tax effects	—		(17,109)		(172)		(17,281)
Other comprehensive income (loss)	8,025		59,893		(1,372)		66,546

May 1, 2021	$	(18,827)	$	(112,777)	$	(51,311)	$	(182,915)

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 1, 2021		May 2, 2020		May 1, 2021		May 2, 2020		Location
Unrealized holding losses (gains) on derivatives
Currency forwards	$	(1,363)	$	160	$	(3,350)	$	80	Cost of sales
	(791)		488		(1,855)		866		Research and development
	(606)		552		(1,824)		1,084		Selling, marketing, general and administrative

Interest rate derivatives	464		464		928		928		Interest expense

	(2,296)		1,664		(6,101)		2,958		Total before tax
	329		(197)		533		(567)		Tax
Effect of Accounting Standards Update 2018-02	—		—		—		(2,379)		Retained earnings
	$	(1,967)	$	1,467	$	(5,568)	$	12	Net of tax

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


Actuarial losses	750		634		1,498		1,282
	(86)		(157)		(172)		(317)		Tax
	$	664	$	477	$	1,326	$	965	Net of tax

Total amounts reclassified out of AOCI, net of tax	$	(1,303)	$	1,944	$	(4,242)	$	977

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.