Reclassifications Out of Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Jun. 28, 2020

Reclassifications Out of Accumulated Other Comprehensive Income (Loss)

The accumulated balances and reporting period activities for the three and nine months ended June 28, 2020 and June 30, 2019 related to reclassifications out of accumulated other comprehensive loss are summarized as follows:


	Three Months Ended
	Foreign Currency Translation Adjustments		Gain (Loss) on Derivative Instruments		Accumulated Other Comprehensive Income (Loss)
	(in thousands)
Balances at March 31, 2019	$	(142,691)	$	(5,526)	$	(148,217)
Other comprehensive income (loss) before reclassifications	5,428		(4,097)		1,331
Amounts reclassified from accumulated other comprehensive loss:
Interest rate contracts, net of tax ⁽¹⁾	—		(192)		(192)
Net current-period other comprehensive income (loss)	5,428		(4,289)		1,139
Balances at June 30, 2019	$	(137,263)	$	(9,815)	$	(147,078)

Balances at March 29, 2020	$	(182,822)	$	(16,569)	$	(199,391)
Other comprehensive income before reclassifications	21,689		1,279		22,968
Amounts reclassified from accumulated other comprehensive loss:
Interest rate contracts, net of tax ⁽¹⁾	—		(1,309)		(1,309)
Net current-period other comprehensive income (loss)	21,689		(30)		21,659
Balances at June 28, 2020	$	(161,133)	$	(16,599)	$	(177,732)

	Nine Months Ended
	Foreign Currency Translation Adjustments		Gain (Loss) on Derivative Instruments		Accumulated Other Comprehensive Loss
	(in thousands)
Balances at September 30, 2018	$	(128,602)	$	1,252	$	(127,350)
Other comprehensive loss before reclassifications	(8,661)		(10,384)		(19,045)
Amounts reclassified from accumulated other comprehensive loss:
Interest rate contracts, net of tax (1)	—		(683)		(683)
Net current-period other comprehensive loss	(8,661)		(11,067)		(19,728)
Balances at June 30, 2019	$	(137,263)	$	(9,815)	$	(147,078)

Balances at September 29, 2019	$	(149,711)	$	(10,873)	$	(160,584)
Other comprehensive loss before reclassifications	(11,422)		(3,200)		(14,622)
Amounts reclassified from accumulated other comprehensive loss:
Interest rate contracts, net of tax (1)	—		(2,526)		(2,526)
Net current-period other comprehensive loss	(11,422)		(5,726)		(17,148)
Balances at June 28, 2020	$	(161,133)	$	(16,599)	$	(177,732)

⁽¹⁾ This accumulated other comprehensive component is reclassified to “Interest expense” in our consolidated statements of income. See Note 14, “Derivative Financial Instruments”, for more information.