Other Comprehensive Income

12 Months Ended

Sep. 28, 2013

Other Comprehensive Income [Abstract]

Other Comprehensive Income

10.  Other Comprehensive Income:

Other Comprehensive Income (Loss), a component of Shareholders’ Investment, consists of foreign currency translation adjustments, gains or losses on derivative instruments, and defined benefit pension plan adjustments.

Income tax expense or benefit allocated to each component of Other Comprehensive Income (Loss) for the fiscal years ended September 28, 2013, September 29, 2012, and October 1, 2011 was as follows:

		2013						2012						2011
			Tax		Net of				Tax		Net of				Tax		Net of
	Pretax		(Expense)		Tax		Pretax		(Expense)		Tax		Pretax		(Expense)		Tax
	Amount		or Benefit		Amount		Amount		or Benefit		Amount		Amount		or Benefit		Amount
	(expressed in thousands)
Foreign currency translation adjustments	$	585	$	-	$	585	$	(2,123)	$	-	$	(2,123)	$	727	$	-	$	727
Derivative instruments:
Unrealized net gain (loss)		2,135		(786)		1,349		(458)		167		(291)		(1,174)		433		(741)
Net (gain) loss reclassified to earnings		(733)		269		(464)		792		(293)		499		1,982		(737)		1,245
Defined benefit pension plan:
Unrealized net (loss) gain		(184)		56		(128)		(5,233)		1,579		(3,654)		317		(96)		221
Net loss reclassified to earnings		520		(157)		363		77		(23)		54		152		(46)		106
Currency exchange rate change		(269)		-		(269)		127		-		127		50		-		50
Other comprehensive income (loss)	$	2,054	$	(618)	$	1,436	$	(6,818)	$	1,430	$	(5,388)	$	2,054	$	(446)	$	1,608

The changes in the net-of-tax balances of each component of AOCI during the fiscal years ended September 28, 2013, September 29, 2012, and October 1, 2011 were as follows:

		2013								2012								2011
	Foreign		Unrealized		Defined				Foreign		Unrealized		Defined				Foreign		Unrealized		Defined
	Currency		Gain on		Benefit				Currency		Gain on		Benefit				Currency		Gain on		Benefit
	Translation		Derivative		Pension Plan				Translation		Derivative		Pension Plan				Translation		Derivative		Pension Plan
	Adjustments		Instruments		Adjustments		Total		Adjustments		Instruments		Adjustments		Total		Adjustments		Instruments		Adjustments		Total
	(expressed in thousands)
Beginning balance	$	16,734	$	(408)	$	(5,425)	$	10,901	$	18,857	$	(616)	$	(1,952)	$	16,289	$	18,130	$	(1,120)	$	(2,329)	$	14,681
Other comprehensive
income (loss) before
reclassifications		585		1,349		(397)		1,537		(2,123)		(291)		(3,527)		(5,941)		727		(741)		271		257
Amounts reclassified
to earnings		-		(464)		363		(101)		-		499		54		553		-		1,245		106		1,351
Other comprehensive
income (loss)		585		885	1,759	(34)		1,436		(2,123)		208		(3,473)		(5,388)		727		504		377		1,608
Ending balance	$	17,319	$	477	$	(5,459)	$	12,337	$	16,734	$	(408)	$	(5,425)	$	10,901	$	18,857	$	(616)	$	(1,952)	$	16,289

The effect on certain line items in the Consolidated Statements of Income of amounts reclassified out of AOCI for the fiscal years ended September 28, 2013, September 29, 2012, and October 1, 2011 was as follows:

								Affected Line Item in the
								Consolidated Statements
			2013		2012		2011	of Income
Derivative instruments:	(expressed in thousands)
Currency exchange contracts		$	733	$	(162)	$	(1,017)	Revenue
Interest rate swaps			-		(630)		(965)	Interest expense, net
Total net gains (losses) included in
income before income taxes			733		(792)		(1,982)
Income tax (expense) benefit			(269)		293		737
Total net gains (losses) included in
net income			464		(499)		(1,245)
Defined benefit pension plan:
Actuarial losses			(171)		(25)		(50)	Cost of sales
Actuarial losses			(155)		(23)		(45)	Selling and marketing
Actuarial losses			(194)		(29)		(57)	General and administrative
Total losses included in income
before income taxes			(520)		(77)		(152)
Income tax benefit			157		23		46
Total net losses included in net income			(363)		(54)		(106)
Total net-of-tax reclassifications out of
accumulated other comprehensive
income included in net income		$	101	$	(553)	$	(1,351)