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Derivative Instruments and Hedging Activities
 12 Months Ended
Oct. 03, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments and Hedging Activities DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Our currency exchange contracts are designated as cash flow hedges and qualify as hedging instruments. We also have derivatives that are not designated as cash flow hedges and, therefore, are accounted for and reported under foreign currency guidance. Regardless of designation for accounting purposes, all of our derivative instruments are hedges of transactional risk exposures. The fair value of our outstanding designated and undesignated derivative assets and liabilities are reported in the Consolidated Balance Sheets as follows:
 October 3, 2020
Prepaid Expenses
and Other
Current Assets		Other Accrued
Liabilities
Designated hedge derivatives  
Cash flow derivatives$54 $489 
Cross currency swap— 4,165 
Total designated hedge derivatives54 4,654 
Undesignated hedge derivatives  
Balance sheet derivatives— 43 
Total hedge derivatives$54 $4,697 
 
 September 28, 2019
Prepaid Expenses
and Other
Current Assets		Other Accrued
Liabilities
Designated hedge derivatives  
Cash flow derivatives$907 $133 
Total designated hedge derivatives907 133 
Undesignated hedge derivatives  
Balance sheet derivatives— 118 
Total hedge derivatives$907 $251 
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 is as follows:
Gross
Recognized
Amount		Gross
Offset
Amount		Net
Amount
Presented		Derivatives
Subject to
Offset		Cash
Collateral
Received		Net
Amount
October 3, 2020      
Assets$54 $— $54 $(54)$— $— 
Liabilities4,654 — 4,654 (54)— 4,600 
September 28, 2019      
Assets$907 $— $907 $(133)$— $774 
Liabilities133 — 133 (133)— — 
Cash Flow Hedging – Currency Risks
Currency exchange contracts utilized to maintain the functional currency value of expected financial transactions denominated in foreign currencies are designated as cash flow hedges. Gains and losses related to changes in the market value of these contracts are reported as a component of accumulated other comprehensive income (AOCI) within shareholders' equity in the Consolidated Balance Sheets and reclassified to earnings in the same line item in the Consolidated Statements of Income and in the same period as the recognition of the underlying hedged transaction. We periodically assess whether our currency exchange contracts are effective and, when a contract is determined to be no longer effective as a hedge, we discontinue hedge accounting prospectively.
As of October 3, 2020 and September 28, 2019, we had outstanding cash flow hedge currency exchange contracts with gross notional U.S. dollar equivalent amounts of $24,983 and $43,033, respectively. Upon netting offsetting contracts to sell foreign currencies against contracts to purchase foreign currencies, irrespective of contract maturity dates, the net notional U.S. dollar equivalent amount of contracts outstanding was $23,874 and $38,177 at October 3, 2020 and September 28, 2019, respectively. As of October 3, 2020, the net market value of the foreign currency exchange contracts was a net liability of $435, consisting of $54 in assets and $489 in liabilities. As of September 28, 2019, the net market value of the foreign currency exchange contracts was a net asset of $774, consisting of $907 in assets and $133 in liabilities. 
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:
20202019
Beginning unrealized net gain (loss) in AOCI$566 $672 
Net (gain) loss reclassified into revenue54 (1,026)
Net gain (loss) recognized in OCI(955)920 
Ending unrealized net gain (loss) in AOCI$(335)$566 
As of October 3, 2020, the amount projected to be reclassified from AOCI into earnings in the next 12 months was a net loss of $335. The maximum remaining maturity of any forward or optional contracts as of October 3, 2020 was 0.9 years.
Interest Rate Swaps
On October 20, 2016, we entered into a floating to fixed interest rate swap agreement to mitigate our exposure to interest rate increases related to a portion of our tranche B term loan facility. In connection with the repayment of a portion of the tranche B term loan facility during the fourth quarter of fiscal year 2019, we terminated the interest rate swap agreement. Prior to termination, every month we paid a fixed interest of 1.256% in exchange for interest received at one month U.S. LIBOR. The interest rate swap was designated as a cash flow hedge. As a result, changes in the fair value of the interest rate swap were recorded in AOCI within shareholders' equity in the Consolidated Balance Sheets. The unrealized gains on the interest rate swap associated with the interest payments on our tranche B term loan facility that are still forecasted to occur are included in AOCI. These gains will be reclassified into interest expense over the life of the original swap agreement as the hedged interest payments occur.
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:
20202019
Beginning unrealized net gain (loss) in AOCI$1,079 $7,411 
Net (gain) loss reclassified into interest expense(886)(2,689)
Net gain (loss) recognized in OCI— (3,643)
Ending unrealized net gain (loss) in AOCI$193 $1,079 
As of October 3, 2020, the amount projected to be reclassified from AOCI into earnings in the next 12 months was a net gain of $193.
Foreign Currency Balance Sheet Derivatives
We also use foreign currency derivative contracts to maintain the functional currency value of monetary assets and liabilities denominated in non-functional foreign currencies. The gains and losses related to the changes in the market value of these derivative contracts are included in other income (expense), net in the Consolidated Statements of Income. 
As of October 3, 2020 and September 28, 2019, we had outstanding foreign currency balance sheet derivative contracts with gross notional U.S. dollar equivalent amounts of $61,984 and $60,827, respectively. Upon netting offsetting contracts by counterparty banks to sell foreign currencies against contracts to purchase foreign currencies, irrespective of contract maturity dates, the net notional U.S. dollar equivalent amount of contracts outstanding at October 3, 2020 and September 28, 2019 was $10,644 and $118, respectively. As of October 3, 2020 and September 28, 2019, the net market value of the foreign exchange balance sheet derivative contracts was a net liability of $43 and $118, respectively. 
The net gain (loss) recognized in the Consolidated Statements of Income on foreign exchange balance sheet derivative contracts is as follows:
202020192018
Net gain (loss) recognized in other income (expense), net$(583)$365 $316 
Net Investment Hedge
We have net investments in foreign subsidiaries that are subject to changes in foreign currency exchange rates. In the second quarter of fiscal year 2020, we entered into a cross-currency swap with a gross notional U.S. dollar equivalent amount of $100,485 as a net investment hedge for a portion of our net investments in our Euro denominated subsidiaries. Gains and losses resulting from a change in fair value of the net investment hedge are offset by gains and losses in the underlying foreign currency exposure and included in AOCI in our Consolidated Balance Sheets. As of October 3, 2020, the deferred foreign currency activity associated with the net investment hedge was not considered material.