Reclassifications Out of Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Jul. 02, 2023

Summary of reclassifications out of accumulated other comprehensive income

The accumulated balances and activities for the three and nine months ended July 2, 2023 and July 3, 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		Net Pension Adjustments		Accumulated Other Comprehensive Income (Loss)

Balance at April 3, 2022	$	(113,513)	$	(1,790)	—		$	(115,303)
Other comprehensive (loss) income before reclassifications	(44,883)		3,413		—		(41,470)
Amounts reclassified from accumulated other comprehensive loss:
Interest rate contracts, net of tax (1)	—		(1,033)		—		(1,033)
Net current-period other comprehensive (loss) income	(44,883)		2,380		—		(42,503)


Balance at July 3, 2022	$	(158,396)	$	590	$	—	$	(157,806)

Balance at April 2, 2023	$	(185,602)	$	1,427	2,794		$	(181,381)
Other comprehensive income (loss) before reclassifications	44,499		(2,137)		—		42,362
Amounts reclassified from accumulated other comprehensive loss:
Interest rate contracts, net of tax (1)	—		1,093		—		1,093
Net current-period other comprehensive income (loss)	44,499		(1,044)		—		43,455

Balance at July 2, 2023	$	(141,103)	$	383	$	2,794	$	(137,926)

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

Balance at October 3, 2021	$	(115,634)	$	(9,394)	—		$	(125,028)
Other comprehensive (loss) income before reclassifications	(42,762)		13,833		—		(28,929)
Amounts reclassified from accumulated other comprehensive loss:
Interest rate contracts, net of tax (1)	—		(3,849)				(3,849)
Net current-period other comprehensive (loss) income	(42,762)		9,984		—		(32,778)


Balance at July 3, 2022	$	(158,396)	$	590	$	—	$	(157,806)

Balance at October 2, 2022	$	(210,556)	$	2,412	—		$	(208,144)
Other comprehensive income (loss) before reclassifications	69,453		(4,439)		2,794		67,808
Amounts reclassified from accumulated other comprehensive loss:
Interest rate contracts, net of tax (1)	—		2,410		—		2,410
Net current-period other comprehensive income (loss)	69,453		(2,029)		2,794		70,218

Balance at July 2, 2023	$	(141,103)	$	383	$	2,794	$	(137,926)

(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.