Derivatives and Fair Value Measurements (Tables)

6 Months Ended

Apr. 03, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Values of Derivative Instruments

The tables below present information regarding the fair values of derivative instruments and the effects of derivative instruments on the Company’s Condensed Consolidated Financial Statements:

Fair Values of Derivative Instruments (in thousands)
	Derivative Assets					Derivative Liabilities
		April 3, 2021		October 3, 2020			April 3, 2021		October 3, 2020
Derivatives designated as hedging instruments	Balance sheet classification	Fair Value		Fair Value		Balance sheet classification	Fair Value		Fair Value
Foreign currency forward contracts	Prepaid expenses and other	$	843	$	1,830	Other accrued liabilities	$	155	$	641

Fair Values of Derivative Instruments (in thousands)
	Derivative Assets					Derivative Liabilities
		April 3, 2021		October 3, 2020			April 3, 2021		October 3, 2020
Derivatives not designated as hedging instruments	Balance sheet classification	Fair Value		Fair Value		Balance sheet classification	Fair Value		Fair Value
Foreign currency forward contracts	Prepaid expenses and other	$	90	$	70	Other accrued liabilities	$	423	$	58

Schedule of Derivative Impact on Accumulated Other Comprehensive Income (Loss)

The Effect of Cash Flow Hedge Accounting on Accumulated Other Comprehensive Loss ("OCL") (in thousands)
for the Three Months Ended
Derivatives in cash flow hedging relationships	Amount of Loss Recognized in OCL on Derivatives
	April 3, 2021		April 4, 2020
Foreign currency forward contracts	$	(2,748)	$	(6,325)

The Effect of Cash Flow Hedge Accounting on Accumulated Other Comprehensive Loss ("OCL") (in thousands)
for the Six Months Ended
Derivatives in cash flow hedging relationships	Amount of Gain (Loss) Recognized in OCL on Derivatives
	April 3, 2021		April 4, 2020
Foreign currency forward contracts	$	1,411	$	(4,140)

Schedule of Derivative Impact on Gain (Loss) Recognized in Income

Derivative Impact on Gain (Loss) Recognized in Condensed Consolidated Statements of Comprehensive Income (Loss) (in thousands)
for the Three Months Ended
Derivatives in cash flow hedging relationships	Classification of Gain Reclassified from Accumulated OCL into Income	Amount of Gain Reclassified from Accumulated OCL into Income
		April 3, 2021		April 4, 2020
Foreign currency forward contracts	Cost of sales	$	1,643	$	204
Foreign currency forward contracts	Selling and administrative expenses	$	165	$	10

Derivative Impact on Gain (Loss) Recognized in Condensed Consolidated Statements of Comprehensive Income (Loss) (in thousands)
for the Six Months Ended
Derivatives in cash flow hedging relationships	Classification of Gain (Loss) Reclassified from Accumulated OCL into Income	Amount of Gain (Loss) Reclassified from Accumulated OCL into Income
		April 3, 2021		April 4, 2020
Foreign currency forward contracts	Cost of sales	$	1,741	$	177
Foreign currency forward contracts	Selling and administrative expenses	$	171	$	(1)

Schedule of Amount of Gain (Loss) on Derivatives Recognized in Income

Derivatives not designated as hedging instruments	Location of Loss Recognized on Derivatives in Income	Amount of Loss on Derivatives Recognized in Income
		April 3, 2021		April 4, 2020
Foreign currency forward contracts	Miscellaneous, net	$	(233)	$	(223)

Derivatives not designated as hedging instruments	Location of Gain (Loss) Recognized on Derivatives in Income	Amount of Gain (Loss) on Derivatives Recognized in Income
		April 3, 2021		April 4, 2020
Foreign currency forward contracts	Miscellaneous, net	$	297	$	(633)

Schedule of Derivatives Fair Value Measurements Using Input Levels

The following table lists the fair values of assets of the Company’s derivatives as of April 3, 2021 and October 3, 2020, by input level:

Fair Value Measurements Using Input Levels Asset (in thousands)
April 3, 2021	Level 1		Level 2		Level 3		Total
Derivatives
Foreign currency forward contracts	$	—	$	355	$	—	$	355
October 3, 2020
Derivatives
Foreign currency forward contracts	$	—	$	1,201	$	—	$	1,201