Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Mar. 31, 2023

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table summarizes the changes in the accumulated balances during the period, and includes information regarding the manner in which the reclassifications out of AOCI into earnings affect our unaudited interim condensed consolidated statements of operations (in thousands):


	Fiscal Quarter Ended March 31, 2023								Fiscal Year-To-Date Ended March 31, 2023
	Investment Securities		Cash Flow Hedges		Currency Translation Adjustments		Total		Investment Securities		Cash Flow Hedges		Currency Translation Adjustments		Total
Beginning Balance	$	(4,630)	$	(151)	$	(27,094)	$	(31,875)	$	(5,986)	$	(4,483)	$	(41,172)	$	(51,641)
Other comprehensive income before reclassifications:
Unrealized gains	1,572		372		—		1,944		3,104		5,552		—		8,656
Foreign currency translation gains (1)	—		—		2,423		2,423		—		—		16,501		16,501
Income tax effect - expense	—		(61)		—		(61)		—		(61)		—		(61)
Net of tax	1,572		311		2,423		4,306		3,104		5,491		16,501		25,096
Amounts reclassified from AOCI into earnings:
Realized gains/(losses) (2)	62		86		—		148		(151)		(918)		—		(1,069)
Income tax effect - benefit/(expense) (3)	1		(6)		—		(5)		38		150		—		188
Net of tax	63		80		—		143		(113)		(768)		—		(881)
Net current-period other comprehensive income	1,635		391		2,423		4,449		2,991		4,723		16,501		24,215
Ending Balance	$	(2,995)	$	240	$	(24,671)	$	(27,426)	$	(2,995)	$	240	$	(24,671)	$	(27,426)


	Fiscal Quarter Ended April 1, 2022								Fiscal Year-To-Date Ended April 1, 2022
	Investment Securities		Cash Flow Hedges		Currency Translation Adjustments		Total		Investment Securities		Cash Flow Hedges		Currency Translation Adjustments		Total
Beginning Balance	$	(284)	$	115	$	(11,352)	$	(11,521)	$	220	$	(122)	$	(10,128)	$	(10,030)
Other comprehensive income/(loss) before reclassifications:
Unrealized gains/(losses)	(3,595)		(97)		—		(3,692)		(4,557)		356		—		(4,201)
Foreign currency translation losses (1)	—		—		(619)		(619)		—		—		(1,809)		(1,809)
Income tax effect - benefit/(expense)	—		(48)		34		(14)		—		(97)		—		(97)
Net of tax	(3,595)		(145)		(585)		(4,325)		(4,557)		259		(1,809)		(6,107)
Amounts reclassified from AOCI into earnings:
Realized gains/(losses) (2)	80		87		—		167		542		(98)		—		444
Income tax effect - benefit/(expense) (3)	(1)		(1)		—		(2)		(5)		17		—		12
Net of tax	79		86		—		165		537		(81)		—		456
Net current-period other comprehensive income/(loss)	(3,516)		(59)		(585)		(4,160)		(4,020)		178		(1,809)		(5,651)
Ending Balance	$	(3,800)	$	56	$	(11,937)	$	(15,681)	$	(3,800)	$	56	$	(11,937)	$	(15,681)

(1)The foreign currency translation gains during the second quarter of fiscal 2023 and the fiscal year-to-date period ended March 31, 2023 were primarily due to the strengthening of other foreign currencies as compared to the U.S. dollar.

(2)Realized gains or losses, if any, from the sale of our AFS investment securities or from foreign currency translation adjustments are included within other income/(expense), net in our unaudited interim condensed consolidated statements of operations. Realized gains or losses on foreign currency contracts designated as cash flow hedges are included in operating expenses in the unaudited interim condensed consolidated statements of operations.

(3)The income tax benefit or expense is included within provision for income taxes in our unaudited interim condensed consolidated statements of operations.