Derivatives (Tables)

6 Months Ended

Apr. 04, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Values of Derivative Instruments

The tables below present information regarding the fair values of derivative instruments and the effects of derivative instruments on the Company’s Condensed Consolidated Financial Statements:

Fair Values of Derivative Instruments (in thousands)
	Derivative Assets					Derivative Liabilities
		April 4, 2020		September 28, 2019			April 4, 2020		September 28, 2019
Derivatives designated as hedging instruments	Balance sheet classification	Fair Value		Fair Value		Balance sheet classification	Fair Value		Fair Value
Foreign currency forward contracts	Prepaid expenses and other	$	—	$	156	Other accrued liabilities	$	4,902	$	798

Fair Values of Derivative Instruments (in thousands)
	Derivative Assets					Derivative Liabilities
		April 4, 2020		September 28, 2019			April 4, 2020		September 28, 2019
Derivatives not designated as hedging instruments	Balance sheet classification	Fair Value		Fair Value		Balance sheet classification	Fair Value		Fair Value
Foreign currency forward contracts	Prepaid expenses and other	$	119	$	912	Other accrued liabilities	$	512	$	54

Schedule of Derivative Impact on Accumulated Other Comprehensive Income (Loss)

The Effect of Cash Flow Hedge Accounting on Accumulated Other Comprehensive (Loss) Income ("OCL") (in thousands)
for the Three Months Ended
Derivatives in cash flow hedging relationships	Amount of (Loss) Gain Recognized in OCL on Derivatives
	April 4, 2020			March 30, 2019
Foreign currency forward contracts	$	(6,325	)	$	1,241

The Effect of Cash Flow Hedge Accounting on Accumulated Other Comprehensive (Loss) Income ("OCL") (in thousands)
for the Six Months Ended
Derivatives in cash flow hedging relationships	Amount of (Loss) Gain Recognized in OCL on Derivatives
	April 4, 2020			March 30, 2019
Foreign currency forward contracts	$	(4,140	)	$	853

Schedule of Derivative Impact on Gain (Loss) Recognized in Income

Derivative Impact on Gain (Loss) Recognized in Condensed Consolidated Statements of Comprehensive (Loss) Income (in thousands)
for the Six Months Ended
Derivatives in cash flow hedging relationships	Classification of Gain (Loss) Reclassified from Accumulated OCL into Income	Amount of Gain (Loss) Reclassified from Accumulated OCL into Income
		April 4, 2020			March 30, 2019
Foreign currency forward contracts	Cost of sales	$	177		$	(1,354	)
Foreign currency forward contracts	Selling and administrative expenses	$	(1	)	$	(155	)

Derivative Impact on Gain (Loss) Recognized in Condensed Consolidated Statements of Comprehensive (Loss) Income (in thousands)
for the Three Months Ended
Derivatives in cash flow hedging relationships	Classification of  Gain (Loss) Reclassified from Accumulated OCL into Income	Amount of Gain (Loss) Reclassified from Accumulated OCL into Income
		April 4, 2020		March 30, 2019
Foreign currency forward contracts	Cost of sales	$	204	$	(670	)
Foreign currency forward contracts	Selling and administrative expenses	$	10	$	(73	)

Schedule of Amount of (Loss) Gain on Derivatives Recognized in Income

Derivatives not designated as hedging instruments	Location of (Loss) Gain Recognized on Derivatives in Income	Amount of (Loss) Gain on Derivatives Recognized in Income
		April 4, 2020			March 30, 2019
Foreign currency forward contracts	Miscellaneous, net	$	(633	)	$	1,630

Derivatives not designated as hedging instruments	Location of (Loss) Gain Recognized on Derivatives in Income	Amount of (Loss) Gain on Derivatives Recognized in Income
		April 4, 2020			March 30, 2019
Foreign currency forward contracts	Miscellaneous, net	$	(223	)	$	843

Schedule of Derivatives Fair Value Measurements Using Input Levels

The following table lists the fair values of liabilities of the Company’s derivatives as of April 4, 2020 and September 28, 2019, by input level:

Fair Value Measurements Using Input Levels (Liability)/Asset (in thousands)
April 4, 2020	Level 1		Level 2			Level 3		Total
Derivatives
Foreign currency forward contracts	$	—	$	(5,295	)	$	—	$	(5,295	)
September 28, 2019
Derivatives
Foreign currency forward contracts	$	—	$	216		$	—	$	216