Shareholders' Equity

9 Months Ended

Jul. 04, 2015

Stockholders' Equity Note [Abstract]

Shareholders' Equity

Shareholders’ Equity

The changes in shareholders’ equity for the nine months endedJuly 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	—			11,087		(11,087	)
End of Period	51,280			43,638,618		7,641,095
ADDITIONAL PAID-IN CAPITAL
Beginning of period	463,965
Equity-based compensation expense	4,569
Issuance of treasury shares	(4,460		)
Adjustment to market - SECT, SERP and other	7,524
End of period	471,598
RETAINED EARNINGS
Beginning of period	1,447,911
Net earnings	103,689
End of period	1,551,600
TREASURY STOCK
Beginning of period	(360,445		)	(5,806,702	)	(3,319,038	)
Issuance of treasury shares	15,897			541,695		—
Purchase of treasury shares	(295,110		)	(4,116,739	)	(4,583	)
End of period	(639,658		)	(9,381,746	)	(3,323,621	)
STOCK EMPLOYEE COMPENSATION TRUST (SECT)
Beginning of period	(48,458		)			(710,841	)
Issuance of shares	7,328					100,000
Purchase of shares	(12,121		)			(169,063	)
Adjustment to market	(1,818		)			—
End of period	(55,069		)	—		(779,904	)
SUPPLEMENTAL RETIREMENT PLAN (SERP) TRUST
Beginning of period	—					—
Purchase of shares	(7,328		)			(100,000	)
Adjustment to market	267					—
End of period	(7,061		)	—		(100,000	)
ACCUMULATED OTHER COMPREHENSIVE LOSS
Beginning of period	(206,838		)
Other comprehensive income (loss)	(52,832		)
End of period	(259,670		)
TOTAL SHAREHOLDERS' EQUITY	$	1,113,020		34,256,872		3,437,570

The changes in AOCI, net of tax, by component for the nine months endedJuly 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	(68,212		)	3,348			(900		)	(65,764		)
Amounts reclassified from AOCI	—			11,640			1,292			12,932
Other comprehensive income (loss)	(68,212		)	14,988			392			(52,832		)
AOCI at end of period	$	(58,958	)	$	(199,996	)	$	(716	)	$	(259,670	)

The amounts reclassified from AOCI into earnings are as follows:

		Three Months Ended						Nine Months Ended
	Statement of earnings classification	July 4, 2015			June 28, 2014			July 4, 2015			June 28, 2014
Retirement liability:
Prior service cost (credit)		$	25		$	26		$	73		$	(105	)
Actuarial losses		6,093			4,374			18,362			13,116
Reclassification from AOCI into earnings		6,118			4,400			18,435			13,011
Tax effect		(2,254		)	(1,622		)	(6,795		)	(4,795		)
Net reclassification from AOCI into earnings		$	3,864		$	2,778		$	11,640		$	8,216
Derivatives:
Foreign currency forwards	Sales	$	(33	)	$	—		$	3		$	(192	)
Foreign currency forwards	Cost of sales	93			406			1,011			1,368
Interest rate swaps	Interest	322			137			1,062			279
Reclassification from AOCI into earnings		382			543			2,076			1,455
Tax effect		(157		)	(206		)	(784		)	(623		)
Net reclassification from AOCI into earnings		$	225		$	337		$	1,292		$	832

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

		Net deferral in AOCI of derivatives - effective portion
		Three Months Ended						Nine Months Ended
	Statement of earnings classification	July 4, 2015			June 28, 2014			July 4, 2015			June 28, 2014
Foreign currency forwards	Sales	$	677		$	—		$	276		$	3
Foreign currency forwards	Cost of sales	(641		)	994			(68		)	(554		)
Interest rate swaps	Interest	(62		)	(552		)	(1,823		)	(743		)
Net gain (loss)		(26		)	442			(1,615		)	(1,294		)
Tax effect		266			(167		)	715			490
Net deferral in AOCI of derivatives		$	240		$	275		$	(900	)	$	(804	)