Reclassifications Out of Accumulated Other Comprehensive Income

3 Months Ended

Jan. 02, 2022

Reclassifications Out of Accumulated Other Comprehensive Income

The accumulated balances and activities for the three months ended January 2, 2022 and December 27, 2020 related to reclassifications out of accumulated other comprehensive income are summarized as follows:


	Three Months Ended
	Foreign Currency Translation Adjustments		Gain (Loss) on Derivative Instruments		Accumulated Other Comprehensive Income (Loss)
	(in thousands)
Balance at September 27, 2020	$	(146,275)	$	(15,511)	$	(161,786)
Other comprehensive income before reclassifications	32,391		2,978		35,369
Amounts reclassified from accumulated other comprehensive loss
Interest rate contracts, net of tax (1)	—		(1,502)		(1,502)
Net current-period other comprehensive income	32,391		1,476		33,867


Balance at December 27, 2020	$	(113,884)	$	(14,035)	$	(127,919)

Balance at October 3, 2021	$	(115,634)	$	(9,394)	$	(125,028)
Other comprehensive income (loss) before reclassifications	(686)		4,032		3,346
Amounts reclassified from accumulated other comprehensive loss
Interest rate contracts, net of tax (1)	—		(1,366)		(1,366)
Net current-period other comprehensive income (loss)	(686)		2,666		1,980


Balance at January 2, 2022	$	(116,320)	$	(6,728)	$	(123,048)


















(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.