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Shareholders' Equity | 9 Months Ended
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Jul. 02, 2016
Stockholders' Equity Note [Abstract] |
Shareholders' Equity | Shareholders’ Equity The changes in shareholders’ equity for the nine months ended July 2, 2016 are summarized as follows:
|  |  |  | Number of Shares
|  | Amount |  | Class A Common Stock |  | Class B Common Stock
COMMON STOCK |  |  |  |  |  |
Beginning of period |  | $ | 51,280 |  |  | 43,638,618 |  |  | 7,641,095 |
Conversion of Class B to Class A |  | — |  |  | 28,183 |  |  | (28,183 | )
End of Period |  | 51,280 |  |  | 43,666,801 |  |  | 7,612,912 |
ADDITIONAL PAID-IN CAPITAL |  |  |  |  |  |
Beginning of period |  | 456,512 |  |  |  |  |
Equity-based compensation expense |  | 2,794 |  |  |  |  |
Issuance of treasury shares |  | (349 | ) |  |  |  |
Adjustment to market - SECT, SERP and other |  | 539 |  |  |  |  |
End of period |  | 459,496 |  |  |  |  |
RETAINED EARNINGS |  |  |  |  |  |
Beginning of period |  | 1,579,794 |  |  |  |  |
Net earnings attributable to common shareholders |  | 93,602 |  |  |  |  |
End of period |  | 1,673,396 |  |  |  |  |
TREASURY STOCK |  |  |  |  |  |
Beginning of period |  | (701,771 | ) |  | (10,318,431 | ) |  | (3,323,926 | )
Issuance of treasury shares |  | 2,578 |  |  | 87,915 |  |  | — |
Purchase of treasury shares |  | (42,203 | ) |  | (898,036 | ) |  | — |
End of period |  | (741,396 | ) |  | (11,128,552 | ) |  | (3,323,926 | )
STOCK EMPLOYEE COMPENSATION TRUST (SECT) |  |  |  |  |  |
Beginning of period |  | (44,211 | ) |  |  |  | (828,381 | )
Issuance of shares |  | 2,897 |  |  |  |  | 64,676 |
Purchase of shares |  | (1,634 | ) |  |  |  | (29,234 | )
Adjustment to market |  | 328 |  |  |  |  | — |
End of period |  | (42,620 | ) |  | — |  |  | (792,939 | )
SUPPLEMENTAL RETIREMENT PLAN (SERP) TRUST |  |  |  |  |  |
Beginning of period |  | (5,337 | ) |  |  |  | (100,000 | )
Purchase of shares |  | (2,300 | ) |  |  |  | (50,000 | )
Adjustment to market |  | (426 | ) |  |  |  | — |
End of period |  | (8,063 | ) |  | — |  |  | (150,000 | )
ACCUMULATED OTHER COMPREHENSIVE LOSS |  |  |  |  |  |
Beginning of period |  | (341,735 | ) |  |  |  |
Other comprehensive income (loss) |  | (20,683 | ) |  |  |  |
End of period |  | (362,418 | ) |  |  |  |
TOTAL SHAREHOLDERS' EQUITY |  | $ | 1,029,675 |  |  | 32,538,249 |  |  | 3,346,047 |
The changes in AOCI, net of tax, by component for the nine months ended July 2, 2016 are as follows:
|  | Accumulated foreign currency translation |  | Accumulated retirement liability |  | Accumulated gain (loss) on derivatives |  | Total
AOCI at October 3, 2015 |  | $ | (72,788 | ) |  | $ | (266,910 | ) |  | $ | (2,037 | ) |  | $ | (341,735 | )
Other comprehensive income (loss) before reclassifications |  | (33,683 | ) |  | 958 |  |  | (3,130 | ) |  | (35,855 | )
Amounts reclassified from AOCI |  | — |  |  | 13,438 |  |  | 1,734 |  |  | 15,172 |
Other comprehensive income (loss) |  | (33,683 | ) |  | 14,396 |  |  | (1,396 | ) |  | (20,683 | )
AOCI at July 2, 2016 |  | $ | (106,471 | ) |  | $ | (252,514 | ) |  | $ | (3,433 | ) |  | $ | (362,418 | )
The amounts reclassified from AOCI into earnings are as follows:
|  |  |  | Three Months Ended |  | Nine Months Ended
|  | Statement of earnings classification |  | July 2, 2016 |  | July 4, 2015 |  | July 2, 2016 |  | July 4, 2015
Retirement liability: |  |  |  |  |  |  |  |  |  |
Prior service cost |  |  |  | $ | 26 |  |  | $ | 25 |  |  | $ | 82 |  |  | $ | 73 |
Actuarial losses |  |  |  | 7,098 |  |  | 6,093 |  |  | 21,154 |  |  | 18,362 |
Reclassification from AOCI into earnings |  | 7,124 |  |  | 6,118 |  |  | 21,236 |  |  | 18,435 |
Tax effect |  |  |  | (2,610 | ) |  | (2,254 | ) |  | (7,798 | ) |  | (6,795 | )
Net reclassification from AOCI into earnings |  | $ | 4,514 |  |  | $ | 3,864 |  |  | $ | 13,438 |  |  | $ | 11,640 |
Derivatives: |  |  |  |  |  |  |  |  |  |
Foreign currency contracts |  | Sales |  | $ | 206 |  |  | $ | (33 | ) |  | $ | 480 |  |  | $ | 3 |
Foreign currency contracts |  | Cost of sales |  | 323 |  |  | 93 |  |  | 1,393 |  |  | 1,011 |
Interest rate swaps |  | Interest |  | 154 |  |  | 322 |  |  | 624 |  |  | 1,062 |
Reclassification from AOCI into earnings |  | 683 |  |  | 382 |  |  | 2,497 |  |  | 2,076 |
Tax effect |  |  |  | (181 | ) |  | (157 | ) |  | (763 | ) |  | (784 | )
Net reclassification from AOCI into earnings |  | $ | 502 |  |  | $ | 225 |  |  | $ | 1,734 |  |  | $ | 1,292 |
The amounts deferred in AOCI are as follows:
|  |  |  | Net deferral in AOCI - effective portion
|  |  |  | Three Months Ended |  | Nine Months Ended
|  | Statement of earnings classification |  | July 2, 2016 |  | July 4, 2015 |  | July 2, 2016 |  | July 4, 2015
Foreign currency contracts |  | Sales |  | $ | (2,946 | ) |  | $ | 677 |  |  | $ | (3,461 | ) |  | $ | 276 |
Foreign currency contracts |  | Cost of sales |  | (664 | ) |  | (641 | ) |  | (407 | ) |  | (68 | )
Interest rate swaps |  | Interest |  | (140 | ) |  | (62 | ) |  | (52 | ) |  | (1,823 | )
Net loss |  |  |  | (3,750 | ) |  | (26 | ) |  | (3,920 | ) |  | (1,615 | )
Tax effect |  |  |  | 921 |  |  | 266 |  |  | 790 |  |  | 715 |
Net deferral in AOCI of derivatives |  | $ | (2,829 | ) |  | $ | 240 |  |  | $ | (3,130 | ) |  | $ | (900 | )

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