Note 12 Other Income (Expense), Net

12 Months Ended

Oct. 03, 2015

Other Nonoperating Income (Expense) [Abstract]

Other Income and Other Expense Disclosure [Text Block]

Other Income (Expense), Net

The following table summarizes the major components of other income (expense), net (in thousands):



	Year ended
	October 3, 2015		September 27, 2014			September 28, 2013
Foreign exchange losses	$	681	$	(1,962	)	$	(3,091	)
Loss from dedesignation of interest rate swap	—		—			(14,903		)
Other, net	86		5,068			5,162
Total	$	767	$	3,106		$	(12,832	)

The Company had interest rate swaps with an aggregate notional amount of $257 million that were entered into in 2007 to hedge LIBOR-based variable rate interest payments expected to occur through June 15, 2014. During the first quarter of 2013, the Company determined, based on its intention of redeeming $257 million of its debt due in 2014, that it was no longer probable that LIBOR-based, variable rate interest payments would occur on $257 million of debt through June 15, 2014. Accordingly, the Company dedesignated the interest rate swaps in their entirety in the first quarter of 2013 and recorded a charge of $14.9 million, representing the portion of the value of the interest rate swaps previously recorded in accumulated other comprehensive income for which it was no longer probable that LIBOR-based variable rate interest payments would occur.

The Company reduces its exposure to currency fluctuations through the use of foreign currency hedging instruments, however, hedges are established based on estimated foreign currency balances. To the extent actual amounts differ from estimated amounts, the Company will have exposure to currency fluctuations, resulting in foreign exchange gains or losses.