Reclassifications Out of Accumulated Other Comprehensive Income

3 Months Ended

Dec. 27, 2020

Reclassifications Out of Accumulated Other Comprehensive Income

The accumulated balances and activities for the first quarters of fiscal 2021 and 2020 related to reclassifications out of accumulated other comprehensive income 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 September 29, 2019	$	(149,711)	$	(10,873)	$	(160,584)
Other comprehensive income before reclassifications	13,899		2,153		16,052
Amounts reclassified from accumulated other comprehensive income
Interest rate contracts, net of tax (1)	—		(483)		(483)
Net current-period other comprehensive income	13,899		1,670		15,569
Balances at December 29, 2019	$	(135,812)	$	(9,203)	$	(145,015)

Balances at September 27, 2020	$	(146,275)	$	(15,511)	$	(161,786)
Other comprehensive income before reclassifications	32,391		2,978		35,369
Amounts reclassified from accumulated other comprehensive income
Interest rate contracts, net of tax (1)	—		(1,502)		(1,502)
Net current-period other comprehensive income	32,391		1,476		33,867
Balances at December 27, 2020	$	(113,884)	$	(14,035)	$	(127,919)

(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.