Reclassifications Out of Accumulated Other Comprehensive Income

3 Months Ended

Jan. 01, 2023

Reclassifications Out of Accumulated Other Comprehensive Income

The accumulated balances and activities for the three months ended January 1, 2023 and January 2, 2022 related to reclassifications out of accumulated other comprehensive income are summarized as follows (in thousands):


	Three Months Ended
	Foreign Currency Translation Adjustments		Gain (Loss) on Derivative Instruments		Accumulated Other Comprehensive Income (Loss)

Balance at October 3, 2021	$	(115,634)	$	(9,394)	$	(125,028)
Other comprehensive income (loss) before reclassifications	(686)		4,032		3,346
Amounts reclassified from accumulated other comprehensive loss
Interest rate contracts, net of tax (1)	—		(1,366)		(1,366)
Net current-period other comprehensive income (loss)	(686)		2,666		1,980


Balance at January 2, 2022	$	(116,320)	$	(6,728)	$	(123,048)

Balance at October 2, 2022	$	(210,556)	$	2,412	$	(208,144)
Other comprehensive income (loss) before reclassifications	33,107		(535)		32,572
Amounts reclassified from accumulated other comprehensive loss
Interest rate contracts, net of tax (1)	—		446		446
Net current-period other comprehensive income (loss)	33,107		(89)		33,018


Balance at January 1, 2023	$	(177,449)	$	2,323	$	(175,126)

(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.