Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Sep. 28, 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:

	September 28, 2019
	Prepaid Expenses and Other Current Assets		Other Accrued Liabilities
Designated hedge derivatives
Cash flow derivatives	$	907	$	133
Total designated hedge derivatives	907		133
Undesignated hedge derivatives
Balance sheet derivatives	—		118
Total hedge derivatives	$	907	$	251

 

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

Reconciliation of Net Fair Value of Foreign Exchange Cash Flow Hedge Assets and Liabilities

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
September 28, 2019
Assets	$	907	$	—	$	907	$	(133	)	$	—	$	774
Liabilities	133		—		133		(133		)	—		—
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:

	2019			2018
Beginning unrealized net gain (loss) in AOCI	$	672		$	(443	)
Net (gain) loss reclassified into revenue	(1,026		)	399
Net gain (loss) recognized in OCI	920			716
Ending unrealized net gain (loss) in AOCI	$	566		$	672

Pretax Amounts Recognized in AOCI on Interest Rate Swaps

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

	2019			2018
Beginning unrealized net gain (loss) in AOCI	$	7,411		$	3,499
Net (gain) loss reclassified into interest expense	(2,689		)	(1,204		)
Net gain (loss) recognized in OCI	(3,643		)	5,116
Ending unrealized net gain (loss) in AOCI	$	1,079		$	7,411

Derivatives Not Designated as Hedging Instruments

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

	2019		2018		2017
Net gain (loss) recognized in other income (expense), net	$	365	$	316	$	(876	)