Accumulated Other Comprehensive Loss

12 Months Ended

Aug. 27, 2022

14. Accumulated Other Comprehensive Loss

The changes in each component of accumulated other comprehensive loss for fiscal 2022 and 2021 are as follows (in thousands):


	Foreign Currency Translation			Pension- related (1)			Derivative Financial Instruments (1)			Total Accumulated Other Comprehensive Loss
Balance as of August 29, 2020	$	(22,009	)	$	(10,026	)	$	65		$	(31,970	)
Change during the year		4,208			2,960			(34	)		7,134
Balance as of August 28, 2021		(17,801	)		(7,066	)		31			(24,836	)
Change during the year		(7,002	)		7,518			30			546
Balance as of August 27, 2022	$	(24,803	)	$	452		$	61		$	(24,290	)

(1)

Amounts are shown net of tax.

Amounts reclassified from accumulated other comprehensive loss, net of tax, for fiscal 2022 and 2021 were as follows (in thousands):


	Year Ended August 27, 2022			Year Ended August 28, 2021
Pension benefit liabilities, net:
Actuarial loss (gain) (a)	$	(414	)	$	(679	)
Tax effect reclass		—			—
Total, net of tax		(414	)		(679	)
Derivative financial instruments, net:
Forward contracts loss (gain) (b)		68			(34	)
Total, net of tax		68			(34	)
Total amounts reclassified, net of tax	$	(346	)	$	(713	)

(a)

Amounts included in selling and administrative expenses in the accompanying Consolidated Statements of Income.

Amounts included in revenues in the accompanying Consolidated Statements of Income.