Summary of reclassifications out of accumulated other comprehensive income (loss) |
The accumulated balances and reporting period activities for fiscal 2021, 2020 and 2019 related to reclassifications out of accumulated other comprehensive income are summarized as follows: | | | | | | | | | | | | | | | | | | | Foreign Currency Translation Adjustments | | Gain (Loss) on Derivative Instruments | | Accumulated Other Comprehensive Income (Loss) | | (in thousands) | Balances at September 30, 2018 | $ | (128,602) | | | $ | 1,252 | | | $ | (127,350) | | | | | | | | Other comprehensive loss before reclassifications | (21,109) | | | (11,247) | | | (32,356) | | Amounts reclassified from accumulated other comprehensive income | | | | | | Interest rate contracts, net of tax (1) | — | | | (878) | | | (878) | | Net current-period other comprehensive loss | (21,109) | | | (12,125) | | | (33,234) | | | | | | | | Balances at September 29, 2019 | $ | (149,711) | | | $ | (10,873) | | | $ | (160,584) | | | | | | | | Other comprehensive income (loss) before reclassifications | 3,436 | | | (599) | | | 2,837 | | Amounts reclassified from accumulated other comprehensive income | | | | | | Interest rate contracts, net of tax (1) | — | | | (4,039) | | | (4,039) | | Net current-period other comprehensive income (loss) | 3,436 | | | (4,638) | | | (1,202) | | | | | | | | Balances at September 27, 2020 | $ | (146,275) | | | $ | (15,511) | | | $ | (161,786) | | Other comprehensive income before reclassifications | 30,641 | | | 12,175 | | | 42,816 | | Amounts reclassified from accumulated other comprehensive income | | | | | | Interest rate contracts, net of tax (1) | — | | | (6,058) | | | (6,058) | | Net current-period other comprehensive income | 30,641 | | | 6,117 | | | 36,758 | | | | | | | | Balances at October 3, 2021 | $ | (115,634) | | | $ | (9,394) | | | $ | (125,028) | | | | | | | | | | | | | |
(1) This accumulated other comprehensive component is reclassified to "Interest expense" in our consolidated statements of income. See Note 14, "Derivative Financial Instruments", for more information.
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