XML 49 R35.htm IDEA: XBRL DOCUMENT v3.20.2
Other Comprehensive Income (Loss) (Tables)
 9 Months Ended
Jun. 27, 2020
Equity [Abstract]  
Schedule of Changes in Each Component of Accumulated Other Comprehensive Income
Income tax expense or benefit allocated to each component of other comprehensive income (loss) is as follows:
 
 
Three Months Ended
 
Nine Months Ended
 
 
June 27, 2020
 
 
Pre-tax
 
Tax
 
Net
 
Pretax
 
Tax
 
Net
Foreign currency translation gain (loss) adjustments
 
$
3,974

 
$
—

 
$
3,974

 
$
4,922

 
$
—

 
$
4,922

Derivative instruments
 
 

 
 

 
 

 
 

 
 

 
 

Unrealized net gain (loss)
 
(930
)
 
205

 
(725
)
 
130

 
(33
)
 
97

Net (gain) loss reclassified to earnings
 
(343
)
 
73

 
(270
)
 
(1,215
)
 
269

 
(946
)
Defined benefit pension plan
 
 

 
 

 
 

 
 

 
 

 
 

Unrealized net gain (loss)
 
301

 
(90
)
 
211

 
(2,047
)
 
618

 
(1,429
)
Net (gain) loss reclassified to earnings
 
302

 
(91
)
 
211

 
905

 
(273
)
 
632

Currency exchange rate gain (loss)
 
(197
)
 
—

 
(197
)
 
(324
)
 
—

 
(324
)
Other comprehensive income (loss)
 
$
3,107

 
$
97

 
$
3,204

 
$
2,371

 
$
581

 
$
2,952

 
 
 
Three Months Ended
 
Nine Months Ended
 
 
June 29, 2019
 
 
Pre-tax
 
Tax
 
Net
 
Pretax
 
Tax
 
Net
Foreign currency translation gain (loss) adjustments
 
$
506

 
$
—

 
$
506

 
$
(2,165
)
 
$
—

 
$
(2,165
)
Derivative instruments
 
 

 
 

 
 

 
 

 
 

 
 

Unrealized net gain (loss)
 
(1,371
)
 
297

 
(1,074
)
 
(3,684
)
 
802

 
(2,882
)
Net (gain) loss reclassified to earnings
 
(837
)
 
182

 
(655
)
 
(2,731
)
 
595

 
(2,136
)
Defined benefit pension plan
 
 

 
 

 
 

 
 

 
 

 
 

Unrealized net gain (loss)
 
600

 
(181
)
 
419

 
(239
)
 
72

 
(167
)
Net (gain) loss reclassified to earnings
 
134

 
(39
)
 
95

 
408

 
(122
)
 
286

Currency exchange rate gain (loss)
 
(82
)
 
—

 
(82
)
 
179

 
—

 
179

Other comprehensive income (loss)
 
$
(1,050
)
 
$
259

 
$
(791
)
 
$
(8,232
)
 
$
1,347

 
$
(6,885
)

The changes in the net-of-tax balances of each component of AOCI are as follows:
 
 
Three Months Ended
 
Nine Months Ended
 
 
June 27, 2020
 
 
Adjustments
 
Adjustments
 
 
Foreign
Currency
Translation
 
Unrealized
Derivative
Instrument
 
Defined
Benefit
Pension Plan
 
Total
 
Foreign
Currency
Translation
 
Unrealized
Derivative
Instrument
 
Defined
Benefit
Pension Plan
 
Total
Beginning balance
 
$
(7,260
)
 
$
1,420

 
$
(12,885
)
 
$
(18,725
)
 
$
(8,208
)
 
$
1,274

 
$
(11,539
)
 
$
(18,473
)
Other comprehensive net gain (loss) reclassifications
 
3,974

 
(725
)
 
14

 
3,263

 
4,922

 
97

 
(1,753
)
 
3,266

Net (gain) loss reclassified to earnings
 
—

 
(270
)
 
211

 
(59
)
 
—

 
(946
)
 
632

 
(314
)
Other comprehensive income (loss)
 
3,974

 
(995
)
 
225

 
3,204

 
4,922

 
(849
)
 
(1,121
)
 
2,952

Ending balance
 
$
(3,286
)
 
$
425

 
$
(12,660
)
 
$
(15,521
)
 
$
(3,286
)
 
$
425

 
$
(12,660
)
 
$
(15,521
)
 
 
Three Months Ended
 
Nine Months Ended
 
 
June 29, 2019
 
 
Adjustments
 
Adjustments
 
 
Foreign
Currency
Translation
 
Unrealized
Derivative
Instrument
 
Defined
Benefit
Pension Plan
 
Total
 
Foreign
Currency
Translation
 
Unrealized
Derivative
Instrument
 
Defined
Benefit
Pension Plan
 
Total
Beginning balance
 
$
(899
)
 
$
3,031

 
$
(6,750
)
 
$
(4,618
)
 
$
1,772

 
$
6,320

 
$
(6,616
)
 
$
1,476

Other comprehensive net gain (loss) reclassifications
 
506

 
(1,074
)
 
337

 
(231
)
 
(2,165
)
 
(2,882
)
 
12

 
(5,035
)
Net (gain) loss reclassified to earnings
 
—

 
(655
)
 
95

 
(560
)
 
—

 
(2,136
)
 
286

 
(1,850
)
Other comprehensive income (loss)
 
506

 
(1,729
)
 
432

 
(791
)
 
(2,165
)
 
(5,018
)
 
298

 
(6,885
)
Ending balance
 
$
(393
)
 
$
1,302

 
$
(6,318
)
 
$
(5,409
)
 
$
(393
)
 
$
1,302

 
$
(6,318
)
 
$
(5,409
)
Schedule of Amounts Reclassified Out of Accumulated Other Comprehensive Income
The effect on certain line items in the Consolidated Statements of Income of amounts reclassified out of AOCI are as follows:
 
 
Three Months Ended
 
Nine Months Ended
 
Affected Line Item in the
Consolidated Statements
of Income
 
 
June 27,
2020
 
June 29,
2019
 
June 27,
2020
 
June 29,
2019
 
Derivative instruments
 
 

 
 

 
 

 
 

 
 
Currency exchange contracts gain (loss)
 
$
151

 
$
142

 
$
486

 
$
743

 
Revenue
Interest rate swap contracts gain (loss)
 
192

 
695

 
729

 
1,988

 
Interest expense, net
Income tax benefit (expense)
 
(73
)
 
(182
)
 
(269
)
 
(595
)
 
Income tax provision (benefit)
Total net gain (loss) on derivative instruments
 
270

 
655

 
946

 
2,136

 
Net income (loss)
Defined benefit pension plan
 
 

 
 

 
 

 
 

 
 
Actuarial loss
 
(302
)
 
(134
)
 
(905
)
 
(408
)
 
Other income (expense), net
Income tax benefit
 
91

 
39

 
273

 
122

 
Income tax provision (benefit)
Total net loss on pension plan
 
(211
)
 
(95
)
 
(632
)
 
(286
)
 
Net income (loss)
Total net of tax reclassifications out of AOCI included in net income
 
$
59

 
$
560

 
$
314

 
$
1,850