Summary of reclassifications out of accumulated other comprehensive income (loss) |
The accumulated balances and reporting period activities for fiscal 2023, 2022 and 2021 related to reclassifications out of accumulated other comprehensive income are summarized as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Foreign Currency Translation Adjustments | | Gain (Loss) on Derivative Instruments | | Net Pension Adjustments | | Accumulated Other Comprehensive Income (Loss) | | | 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) | | | | | | | | | | Other comprehensive income before reclassifications | (94,922) | | | 15,937 | | | — | | | (78,985) | | Amounts reclassified from accumulated other comprehensive income | | | | | | | | Interest rate contracts, net of tax (1) | — | | | (4,131) | | | — | | | (4,131) | | Net current-period other comprehensive (loss) income | (94,922) | | | 11,806 | | | — | | | (83,116) | | | | | | | | | | Balances at October 2, 2022 | $ | (210,556) | | | $ | 2,412 | | | $ | — | | | $ | (208,144) | | Other comprehensive income before reclassifications | 12,623 | | | (5,192) | | | 2,638 | | | 10,069 | | Amounts reclassified from accumulated other comprehensive income | | | | | | | | Interest rate contracts, net of tax (1) | — | | | 2,780 | | | — | | | 2,780 | | Net current-period other comprehensive income (loss) | 12,623 | | | (2,412) | | | 2,638 | | | 12,849 | | | | | | | | | | Balances at October 1, 2023 | $ | (197,933) | | | $ | — | | | $ | 2,638 | | | $ | (195,295) | | | | | | | | | | | | | | | | | |
(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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