Reclassifications Out of Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Apr. 02, 2023

Summary of reclassifications out of accumulated other comprehensive income

The accumulated balances and activities for the three and six months ended April 2, 2023 and April 3, 2022 related to reclassifications out of accumulated other comprehensive income are summarized as follows (in thousands):


	Three Months Ended
	Foreign Currency Translation Adjustments		Gain (Loss) on Derivative Instruments		Net Pension Adjustments		Accumulated Other Comprehensive Income (Loss)

Balance at January 2, 2022	$	(116,320)	$	(6,728)	—		$	(123,048)
Other comprehensive income before reclassifications	2,807		6,332		—		9,139
Amounts reclassified from accumulated other comprehensive loss
Interest rate contracts, net of tax (1)	—		(1,394)		—		(1,394)
Net current-period other comprehensive income	2,807		4,938		—		7,745


Balance at April 3, 2022	$	(113,513)	$	(1,790)	$	—	$	(115,303)

Balance at January 1, 2023	$	(177,449)	$	2,323	—		$	(175,126)
Other comprehensive income (loss) before reclassifications	(8,153)		(1,767)		2,794		(7,126)
Amounts reclassified from accumulated other comprehensive loss
Interest rate contracts, net of tax (1)	—		871		—		871
Net current-period other comprehensive income (loss)	(8,153)		(896)		2,794		(6,255)

Balance at April 2, 2023	$	(185,602)	$	1,427	$	2,794	$	(181,381)

	Six Months Ended
	Foreign Currency Translation Adjustments		Gain (Loss) on Derivative Instruments		Net Pension Adjustments		Accumulated Other Comprehensive Income (Loss)

Balance at October 3, 2021	$	(115,634)	$	(9,394)	—		$	(125,028)
Other comprehensive income before reclassifications	2,121		10,364		—		12,485
Amounts reclassified from accumulated other comprehensive loss
Interest rate contracts, net of tax (1)	—		(2,760)				(2,760)
Net current-period other comprehensive income	2,121		7,604		—		9,725


Balance at April 3, 2022	$	(113,513)	$	(1,790)	$	—	$	(115,303)

Balance at October 2, 2022	$	(210,556)	$	2,412	—		$	(208,144)
Other comprehensive income (loss) before reclassifications	24,954		(2,302)		2,794		25,446
Amounts reclassified from accumulated other comprehensive loss
Interest rate contracts, net of tax (1)	—		1,317		—		1,317
Net current-period other comprehensive income (loss)	24,954		(985)		2,794		26,763

Balance at April 2, 2023	$	(185,602)	$	1,427	$	2,794	$	(181,381)

(1) This accumulated other comprehensive component is reclassified to “Interest expense” in our consolidated statements of income. See Note 15 “Derivative Financial Instruments”, for more information.