Shareholders' Equity

6 Months Ended

Apr. 04, 2015

Stockholders' Equity Note [Abstract]

Shareholders' Equity

Shareholders’ Equity

The changes in shareholders’ equity for the six months endedApril 4, 2015 are summarized as follows:

				Number of Shares
	Amount			Class A Common Stock		Class B Common Stock
COMMON STOCK
Beginning of period	$	51,280		43,627,531		7,652,182
Conversion of Class B to Class A	—			7,169		(7,169	)
End of Period	51,280			43,634,700		7,645,013
ADDITIONAL PAID-IN CAPITAL
Beginning of period	463,965
Equity-based compensation expense	3,966
Issuance of treasury shares	(4,668		)
Adjustment to market - SECT, and other	10,355
End of period	473,618
RETAINED EARNINGS
Beginning of period	1,447,911
Net earnings	67,358
End of period	1,515,269
TREASURY STOCK
Beginning of period	(360,445		)	(5,806,702	)	(3,319,038	)
Issuance of treasury shares	15,210			518,785		—
Purchase of treasury shares	(202,888		)	(2,810,228	)	(4,483	)
End of period	(548,123		)	(8,098,145	)	(3,323,521	)
STOCK EMPLOYEE COMPENSATION TRUST (SECT)
Beginning of period	(48,458		)			(710,841	)
Purchase of shares	(8,440		)			(116,531	)
Adjustment to market - SECT	(4,468		)			—
End of period	(61,366		)	—		(827,372	)
ACCUMULATED OTHER COMPREHENSIVE LOSS
Beginning of period	(206,838		)
Other comprehensive income (loss)	(68,862		)
End of period	(275,700		)
TOTAL SHAREHOLDERS' EQUITY	$	1,154,978		35,536,555		3,494,120

The changes in AOCI, net of tax, by component for the six months endedApril 4, 2015 are as follows:

	Accumulated foreign currency translation			Accumulated retirement liability			Accumulated (loss) on derivatives			Total
AOCI at beginning of period	$	9,254		$	(214,984	)	$	(1,108	)	$	(206,838	)
Other comprehensive income (loss) before reclassifications	(80,279		)	—			(1,140		)	(81,419		)
Amounts reclassified from AOCI	—			11,490			1,067			12,557
Other comprehensive income (loss)	(80,279		)	11,490			(73		)	(68,862		)
AOCI at end of period	$	(71,025	)	$	(203,494	)	$	(1,181	)	$	(275,700	)

The amounts reclassified from AOCI into earnings are as follows:

		Three Months Ended						Six Months Ended
	Statement of earnings classification	April 4, 2015			March 29, 2014			April 4, 2015			March 29, 2014
Retirement liability:
Prior service cost (credit)		$	124		$	80		$	417		$	(247	)
Actuarial losses		8,062			4,223			15,614			8,521
Reclassification from AOCI into earnings		8,186			4,303			16,031			8,274
Tax effect		(2,270		)	(1,622		)	(4,541		)	(3,173		)
Net reclassification from AOCI into earnings - expense (income)		$	5,916		$	2,681		$	11,490		$	5,101
Derivatives:
Foreign currency forwards	Sales	$	36		$	—		$	36		$	(192	)
Foreign currency forwards	Cost of sales	413			591			918			962
Interest rate swaps	Interest	335			73			740			142
Reclassification from AOCI into earnings		784			664			1,694			912
Tax effect		(283		)	(251		)	(627		)	(417		)
Net reclassification from AOCI into earnings - expense (income)		$	501		$	413		$	1,067		$	495

The amounts deferred in AOCI related to derivatives are as follows:

		Net deferral in AOCI of derivatives - effective portion
		Three Months Ended						Six Months Ended
	Statement of earnings classification	April 4, 2015			March 29, 2014			April 4, 2015			March 29, 2014
Foreign currency forwards	Sales	$	(401	)	$	—		$	(401	)	$	3
Foreign currency forwards	Cost of sales	452			(658		)	573			(1,549		)
Interest rate swaps	Interest	(1,132		)	(93		)	(1,761		)	(191		)
Net gain (loss)		(1,081		)	(751		)	(1,589		)	(1,737		)
Tax effect		257			284			449			658
Net deferral in AOCI of derivatives		$	(824	)	$	(467	)	$	(1,140	)	$	(1,079	)