Reclassifications Out of Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Mar. 31, 2024

Summary of reclassifications out of accumulated other comprehensive income

The accumulated balances and activities for the three and six months ended March 31, 2024 and April 2, 2023 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 January 1, 2023	$	(177,449)	$	2,323	—		$	(175,126)
Other comprehensive (loss) income before reclassifications	(8,153)		(1,767)		2,794		(7,126)
Amounts reclassified from accumulated other comprehensive loss:
Interest rate contracts, net of tax (1)	—		871		—		871
Net current-period other comprehensive (loss) income	(8,153)		(896)		2,794		(6,255)


Balance at April 2, 2023	$	(185,602)	$	1,427	$	2,794	$	(181,381)

Balance at December 31, 2023	$	(134,827)	$	—	2,625		$	(132,202)
Other comprehensive loss before reclassifications	(24,344)		—		—		(24,344)
Net current-period other comprehensive loss	(24,344)		—		—		(24,344)


Balance at March 31, 2024	$	(159,171)	$	—	$	2,625	$	(156,546)

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

Balance at October 2, 2022	$	(210,556)	$	2,412	—		$	(208,144)
Other comprehensive income (loss) before reclassifications	24,954		(2,302)		2,794		25,446
Amounts reclassified from accumulated other comprehensive loss:
Interest rate contracts, net of tax (1)	—		1,317		—		1,317
Net current-period other comprehensive income (loss)	24,954		(985)		2,794		26,763


Balance at April 2, 2023	$	(185,602)	$	1,427	$	2,794	$	(181,381)

Balance at October 1, 2023	$	(197,933)	$	—	2,638		$	(195,295)
Other comprehensive income (loss) before reclassifications	38,762		—		(13)		38,749
Net current-period other comprehensive income (loss)	38,762		—		(13)		38,749


Balance at March 31, 2024	$	(159,171)	$	—	$	2,625	$	(156,546)

(1) This accumulated other comprehensive component is reclassified to “Interest expense” in our consolidated statements of income. See Note 16 “Derivative Financial Instruments”, for more information.