Accumulated Other Comprehensive (Loss) Income

6 Months Ended

Apr. 29, 2023

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 2023.


	Foreign currency translation adjustment		Unrealized holding gains (losses) on derivatives		Pension plans		Total
October 29, 2022	$	(72,136)	$	(119,613)	$	(6,403)	$	(198,152)
Other comprehensive income before reclassifications	1,635		20,324		50		22,009
Amounts reclassified out of other comprehensive income	—		6,911		746		7,657
Tax effects	—		(3,877)		—		(3,877)
Other comprehensive income	1,635		23,358		796		25,789

April 29, 2023	$	(70,501)	$	(96,255)	$	(5,607)	$	(172,363)

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 (Loss) Income Component	April 29, 2023		April 30, 2022		April 29, 2023		April 30, 2022		Location
Unrealized holding (gains) losses on derivatives:
Currency forwards	$	1,342	$	2,113	$	283	$	3,864	Cost of sales
	570		1,373		123		2,583		Research and development
	344		2,485		(953)		4,357		Selling, marketing, general and administrative

Interest rate derivatives	3,731		3,731		7,458		7,462		Interest expense

	5,987		9,702		6,911		18,266		Total before tax
	(701)		(1,485)		(1,503)		(2,786)		Tax

	$	5,286	$	8,217	$	5,408	$	15,480	Net of tax

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




Actuarial losses	$	376	$	458	$	746	$	947	Net of tax

Total amounts reclassified out of AOCI, net of tax	$	5,662	$	8,675	$	6,154	$	16,427