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Shareholders' Equity | 6 Months Ended
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Mar. 29, 2014
Stockholders' Equity Note [Abstract] |
Shareholders' Equity | Shareholders’ Equity The changes in shareholders’ equity for the six months ended March 29, 2014 are summarized as follows:
|  |  |  | Number of Shares
|  | Amount |  | Class A Common Stock |  | Class B Common Stock
COMMON STOCK |  |  |  |  |  |
Beginning of period |  | $ | 51,280 |  |  | 43,613,060 |  |  | 7,666,653 |
Conversion of Class B to Class A |  | — |  |  | 3,959 |  |  | (3,959 | )
End of Period |  | 51,280 |  |  | 43,617,019 |  |  | 7,662,694 |
ADDITIONAL PAID-IN CAPITAL |  |  |  |  |  |
Beginning of period |  | 447,478 |  |  |  |  |
Equity-based compensation expense |  | 4,992 |  |  |  |  |
Issuance of treasury shares at more than cost |  | 431 |  |  |  |  |
Adjustment to market - SECT, and other |  | 3,936 |  |  |  |  |
End of period |  | 456,837 |  |  |  |  |
RETAINED EARNINGS |  |  |  |  |  |
Beginning of period |  | 1,289,713 |  |  |  |  |
Net earnings |  | 69,822 |  |  |  |  |
End of period |  | 1,359,535 |  |  |  |  |
TREASURY STOCK |  |  |  |  |  |
Beginning of period |  | (83,003 | ) |  | (2,004,262 | ) |  | (3,305,971 | )
Issuance of treasury shares |  | 766 |  |  | 151,155 |  |  | — |
Purchase of treasury shares |  | (25,526 | ) |  | (396,520 | ) |  | (3,640 | )
End of period |  | (107,763 | ) |  | (2,249,627 | ) |  | (3,309,611 | )
STOCK EMPLOYEE COMPENSATION TRUST (SECT) |  |  |  |  |  |
Beginning of period |  | (35,545 | ) |  |  |  | (610,223 | )
Issuance of shares |  | 1,144 |  |  |  |  | 18,444 |
Purchase of shares |  | (4,634 | ) |  |  |  | (71,905 | )
Adjustment to market - SECT |  | (2,591 | ) |  |  |  | — |
End of period |  | (41,626 | ) |  | — |  |  | (663,684 | )
ACCUMULATED OTHER COMPREHENSIVE LOSS |  |  |  |  |  |
Beginning of period |  | (134,158 | ) |  |  |  |
Other comprehensive income |  | 9,111 |  |  |  |  |
End of period |  | (125,047 | ) |  |  |  |
TOTAL SHAREHOLDERS' EQUITY |  | $ | 1,593,216 |  |  | 41,367,392 |  |  | 3,689,399 |
The changes in AOCI, net of tax, by component for the six months ended March 29, 2014 are as follows:
|  | Accumulated foreign currency translation |  | Accumulated retirement liability |  | Accumulated (loss) on derivatives |  | Total
AOCI at beginning of period |  | $ | 40,572 |  |  | $ | (173,695 | ) |  | $ | (1,035 | ) |  | $ | (134,158 | )
Other comprehensive income (loss) before reclassifications |  | 4,594 |  |  | — |  |  | (1,079 | ) |  | 3,515 |
Amounts reclassified from AOCI |  | — |  |  | 5,101 |  |  | 495 |  |  | 5,596 |
Other comprehensive income (loss) |  | 4,594 |  |  | 5,101 |  |  | (584 | ) |  | 9,111 |
AOCI at end of period |  | $ | 45,166 |  |  | $ | (168,594 | ) |  | $ | (1,619 | ) |  | $ | (125,047 | )
The amounts reclassified from AOCI into earnings are as follows:
|  |  |  | Three Months Ended |  | Six Months Ended
|  | Statement of earnings classification |  | March 29, 2014 |  | March 30, 2013 |  | March 29, 2014 |  | March 30, 2013
Retirement liability: |  |  |  |  |  |  |  |  |  |
Prior service cost (credit) |  |  |  | $ | 80 |  |  | $ | (126 | ) |  | $ | (247 | ) |  | $ | (276 | )
Transition obligation |  |  |  | — |  |  | 90 |  |  | — |  |  | 181 |
Actuarial losses |  |  |  | 4,223 |  |  | 8,359 |  |  | 8,521 |  |  | 15,690 |
Reclassification from AOCI into earnings |  | 4,303 |  |  | 8,323 |  |  | 8,274 |  |  | 15,595 |
Tax effect |  |  |  | (1,622 | ) |  | (2,741 | ) |  | (3,173 | ) |  | (5,494 | )
Net reclassification from AOCI into earnings - expense (income) |  | $ | 2,681 |  |  | $ | 5,582 |  |  | $ | 5,101 |  |  | $ | 10,101 |
Derivatives: |  |  |  |  |  |  |  |  |  |
Foreign currency forwards |  | Sales |  | $ | — |  |  | $ | — |  |  | $ | (192 | ) |  | $ | — |
Foreign currency forwards |  | Cost of sales |  | 591 |  |  | (241 | ) |  | 962 |  |  | (463 | )
Interest rate swaps |  | Interest |  | 73 |  |  | 43 |  |  | 142 |  |  | 43 |
Reclassification from AOCI into earnings |  | 664 |  |  | (198 | ) |  | 912 |  |  | (420 | )
Tax effect |  |  |  | (251 | ) |  | 73 |  |  | (417 | ) |  | 175 |
Net reclassification from AOCI into earnings - expense (income) |  | $ | 413 |  |  | $ | (125 | ) |  | $ | 495 |  |  | $ | (245 | )
The amounts deferred in AOCI related to derivatives are as follows:
|  |  |  | Net deferral in AOCI of derivatives - effective portion
|  |  |  | Three Months Ended |  | Six Months Ended
|  | Statement of earnings classification |  | March 29, 2014 |  | March 30, 2013 |  | March 29, 2014 |  | March 30, 2013
Foreign currency forwards |  | Sales |  | $ | — |  |  | $ | — |  |  | $ | 3 |  |  | $ | — |
Foreign currency forwards |  | Cost of sales |  | (658 | ) |  | (308 | ) |  | (1,549 | ) |  | 370 |
Interest rate swaps |  | Interest |  | (93 | ) |  | (203 | ) |  | (191 | ) |  | (203 | )
Net gain (loss) |  |  |  | (751 | ) |  | (511 | ) |  | (1,737 | ) |  | 167 |
Tax effect |  |  |  | 284 |  |  | 166 |  |  | 658 |  |  | (70 | )
Net deferral in AOCI of derivatives |  | $ | (467 | ) |  | $ | (345 | ) |  | $ | (1,079 | ) |  | $ | 97 |

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(d),(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB TOPIC 4.C) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29-31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section C Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Article 4 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30, 31 -Article 5 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644 Reference 16: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 17: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 18: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph d -Article 4 Reference 19: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 + Details
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