Derivatives (Tables)

9 Months Ended

Jun. 27, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Assets at Fair Value

The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the balance sheet as of June 27, 2020:

	Balance Sheet Location	June 27, 2020		September 28, 2019
Assets:
Derivative instruments designated as a cash flow hedge:
Interest rate cap agreements	Prepaid expenses and other current assets	$	—	$	0.1
Interest rate swap contract	Other assets	—		4.7
		$	—	$	4.8
Derivatives not designated as hedging instruments:
Forward foreign currency contracts	Prepaid expenses and other current assets	$	0.2	$	0.9
Foreign currency option contracts	Prepaid expenses and other current assets	0.1		2.0
		$	0.3	$	2.9
Liabilities:
Derivative instruments designated as a cash flow hedge:
Interest rate swap contract	Accrued expenses	$	5.4	$	—
Interest rate swap contract	Other long-term liabilities	23.6		—
Total		$	29.0	$	—
Derivatives not designated as hedging instruments:
Forward foreign currency contracts	Accrued expenses	$	0.1	$	0.1

Schedule of Unrealized Loss Recognized in AOCI

The following table presents the unrealized gain (loss) recognized in AOCI related to the interest rate caps and interest rate swap for the following reporting periods:

	Three Months Ended				Nine Months Ended
	June 27, 2020		June 29, 2019		June 27, 2020		June 29, 2019
Amount of loss recognized in other comprehensive income, net of taxes:
Interest rate swap	$	(4.6)	$	—	$	(25.4)	$	—
Interest rate cap agreements	(0.1)		(2.1)		(0.5)		(7.5)
Total	$	(4.7)	$	(2.1)	$	(25.9)	$	(7.5)

Schedule of Adjustment to Fair Value within the Consolidated Statements of Income

The following table presents the adjustment to fair value (realized and unrealized) recorded within the Consolidated Statements of Operations for derivative instruments for which the Company did not elect hedge accounting:

Derivatives not classified as hedging instruments	Amount of (Loss) Gain Recognized in Income
	Three Months Ended June 27, 2020		Three Months Ended June 29, 2019		Nine Months Ended June 27, 2020		Nine Months Ended June 29, 2019
Forward foreign currency contracts	$	(1.3)	$	0.9	$	—	$	6.3
Foreign currency option contracts	(0.8)		—		(1.9)		—
Total	$	(2.1)	$	0.9	$	(1.9)	$	6.3

Derivative Instruments, Gain (Loss)

The following table presents the change in fair value of these contracts recognized directly in earnings as a component of other income (expense), net:

	Three Months Ended				Nine Months Ended
	June 27, 2020		June 29, 2019		June 27, 2020		June 29, 2019
Amount of realized (loss) gain recognized in income
Forward foreign currency contracts	$	0.5	$	3.0	$	0.6	$	6.5
Foreign currency option contracts	(0.5)		—		(1.3)		—
Total	$	—	$	3.0	$	(0.7)	$	6.5
Amount of unrealized (loss) gain recognized in income
Forward foreign currency contracts	$	(1.8)	$	(2.1)	$	(0.6)	$	(0.2)
Foreign currency option contracts	(0.2)		—		(0.5)		—
Total	$	(2.0)	$	(2.1)	$	(1.1)	$	(0.2)