Reclassifications Out of Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Apr. 03, 2022

Summary of reclassifications out of accumulated other comprehensive income

The accumulated balances and activities for the three and six months ended April 3, 2022 and March 28, 2021 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)
Balance at December 27, 2020	$	(113,884)	$	(14,035)	$	(127,919)
Other comprehensive income before reclassifications	10,973		3,382		14,355
Amounts reclassified from accumulated other comprehensive loss
Interest rate contracts, net of tax (1)	—		(1,492)		(1,492)
Net current-period other comprehensive income	10,973		1,890		12,863


Balance at March 28, 2021	$	(102,911)	$	(12,145)	$	(115,056)

Balance at January 2, 2022	$	(116,320)	$	(6,728)	$	(123,048)
Other comprehensive income before reclassifications	2,807		6,332		9,139
Amounts reclassified from accumulated other comprehensive loss
Interest rate contracts, net of tax (1)	—		(1,394)		(1,394)
Net current-period other comprehensive income	2,807		4,938		7,745


Balance at April 3, 2022	$	(113,513)	$	(1,790)	$	(115,303)

	Six Months Ended
	Foreign Currency Translation Adjustments		Gain (Loss) on Derivative Instruments		Accumulated Other Comprehensive Income (Loss)
	(in thousands)
Balance at September 27, 2020	$	(146,275)	$	(15,511)	$	(161,786)
Other comprehensive loss before reclassifications	43,364		6,360		49,724
Amounts reclassified from accumulated other comprehensive loss
Interest rate contracts, net of tax (1)	—		(2,994)		(2,994)
Net current-period other comprehensive income	43,364		3,366		46,730

Balance at March 28, 2021	$	(102,911)	$	(12,145)	$	(115,056)

Balance at October 3, 2021	$	(115,634)	$	(9,394)	$	(125,028)
Other comprehensive income before reclassifications	2,121		10,364		12,485
Amounts reclassified from accumulated other comprehensive loss
Interest rate contracts, net of tax (1)	—		(2,760)		(2,760)
Net current-period other comprehensive income	2,121		7,604		9,725

Balance at April 3, 2022	$	(113,513)	$	(1,790)	$	(115,303)

(1) This accumulated other comprehensive component is reclassified to “Interest expense” in our consolidated statements of income. See Note 15 “Derivative Financial Instruments”, for more information.