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Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Jul. 03, 2021

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Components of AOCIL

The changes in AOCIL, net of tax, by component for the nine months ended July 3, 2021 are as follows:

						Accumulated foreign currency translation (1)						Accumulated retirement liability						Accumulated gain (loss) on derivatives						Total
AOCIL at October 3, 2020						$	(102,994)					$	(183,653)					$	1,194					$	(285,453)
Other comprehensive income before reclassifications						27,650						4,238						(65)						31,823
Amounts reclassified from AOCIL						(2,539)						4,939						(1,270)						1,130
Other comprehensive income (loss), net of tax						25,111						9,177						(1,335)						32,953
AOCIL at July 3, 2021						$	(77,883)					$	(174,476)					$	(141)					$	(252,500)

Reclassification from AOCIL

The amounts reclassified from AOCIL into earnings are as follows:

												Three Months Ended												Nine Months Ended
						Statements of Earnings location						July 3, 2021						June 27, 2020						July 3, 2021						June 27, 2020
Retirement liability:
Prior service cost (credit)												$	16					$	(33)					$	30					$	(96)
Actuarial losses												4,707						7,405						14,101						22,187
Curtailment (gain) loss												—						100						(5,830)						100
Settlement loss												—						537						—						537
Reclassification from AOCIL into earnings (2)												4,723						8,009						8,301						22,728
Tax effect												(1,123)						(1,915)						(3,362)						(5,438)
Net reclassification from AOCIL into earnings												$	3,600					$	6,094					$	4,939					$	17,290
Derivatives:
Foreign currency contracts						Sales						$	(178)					$	127					$	(230)					$	134
Foreign currency contracts						Cost of sales						(313)						(162)						(1,418)						(396)
Interest rate swaps						Interest						—						40						—						(1)
Reclassification from AOCIL into earnings												(491)						5						(1,648)						(263)
Tax effect												107						6						378						69
Net reclassification from AOCIL into earnings												$	(384)					$	11					$	(1,270)					$	(194)

Activity and Classification of Derivative Deferral in AOCIL

The effective portion of amounts deferred in AOCIL are as follows:

						Three Months Ended												Nine Months Ended
						July 3, 2021						June 27, 2020						July 3, 2021						June 27, 2020
Foreign currency contracts						$	(451)					$	725					$	(103)					$	1,357
Interest rate swaps						—						(7)						—						(47)
Net gain (loss)						(451)						718						(103)						1,310
Tax effect						104						(172)						38						(320)
Net deferral in AOCIL of derivatives						$	(347)					$	546					$	(65)					$	990

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Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss).

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Tabular disclosure of the components of accumulated other comprehensive income (loss).

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-Publisher FASB
-Name Accounting Standards Codification
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Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings.

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