Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Jun. 29, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value of Outstanding Designated and Undesignated Derivative Assets and Liabilities

The fair value of our outstanding designated and undesignated derivative assets and liabilities are reported in the Consolidated Balance Sheets as follows: 

	June 29, 2019
	Prepaid Expenses and Other Current Assets		Other Accrued Liabilities
Designated hedge derivatives
Cash flow derivatives	$	350	$	265
Interest rate swap	1,664		—
Total designated hedge derivatives	2,014		265
Undesignated hedge derivatives
Balance sheet derivatives	—		225
Total hedge derivatives	$	2,014	$	490

	September 29, 2018
	Prepaid Expenses and Other Current Assets		Other Accrued Liabilities
Designated hedge derivatives
Cash flow derivatives	$	989	$	173
Interest rate swap	7,411		—
Total designated hedge derivatives	8,400		173
Undesignated hedge derivatives
Balance sheet derivatives	91		—
Total hedge derivatives	$	8,491	$	173

Reconciliation of the Net Fair Value of Designated Hedge Derivatives

A reconciliation of the net fair value of designated hedge derivatives subject to master netting arrangements that are recorded in the Consolidated Balance Sheets to the net fair value that could have been reported in the Consolidated Balance Sheets are as follows: 

	Gross Recognized Amount		Gross Offset Amount		Net Amount Presented		Derivatives Subject to Offset			Cash Collateral Received		Net Amount
June 29, 2019
Assets	$	2,014	$	—	$	2,014	$	(179	)	$	—	$	1,835
Liabilities	265		—		265		(179		)	—		86
September 29, 2018
Assets	$	8,400	$	—	$	8,400	$	(173	)	$	—	$	8,227
Liabilities	173		—		173		(173		)	—		—

 

Pretax Amounts Recognized in Accumulated Other Comprehensive Income on Currency Contracts

The pretax amounts recognized in AOCI on currency exchange contracts, including (gains) losses reclassified into earnings in the Consolidated Statements of Income and gains (losses) recognized in other comprehensive income (loss) (OCI), are as follows:

	Three Months Ended						Nine Months Ended
	June 29, 2019			June 30, 2018			June 29, 2019			June 30, 2018
Beginning unrealized net gain (loss) in AOCI	$	192		$	(1,092	)	$	672		$	(443	)
Net (gain) loss reclassified into revenue	(142		)	(273		)	(743		)	1,031
Net gain (loss) recognized in OCI	(46		)	1,967			75			14
Ending unrealized net gain (loss) in AOCI	$	4		$	602		$	4		$	602

Pretax Amounts Recognized in AOCI on Interest Rate Swaps

The pretax amounts recognized in AOCI on the interest rate swap, including (gains) losses reclassified into earnings in the Consolidated Statements of Income and gains (losses) recognized in OCI, are as follows:

	Three Months Ended						Nine Months Ended
	June 29, 2019			June 30, 2018			June 29, 2019			June 30, 2018
Beginning unrealized net gain (loss) in AOCI	$	3,684		$	6,925		$	7,411		$	3,499
Net (gain) loss reclassified into interest expense	(695		)	(422		)	(1,988		)	(661		)
Net gain (loss) recognized in OCI	(1,325		)	851			(3,759		)	4,516
Ending unrealized net gain (loss) in AOCI	$	1,664		$	7,354		$	1,664		$	7,354

Net Gains (Losses) Recognized in Income for Foreign Exchange Balance Sheet Derivative Contracts

The net gain (loss) recognized in the Consolidated Statements of Income on foreign exchange balance sheet derivative contracts is as follows:

	Three Months Ended				Nine Months Ended
	June 29, 2019		June 30, 2018		June 29, 2019			June 30, 2018
Net gain (loss) recognized in other income (expense), net	$	218	$	981	$	(170	)	$	(46	)