XML 18 R18.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Note 11 Stockholders' Equity | 3 Months Ended
--- | ---
Dec. 28, 2019
Stockholders' Equity Note [Abstract] |
Stockholders' Equity Note Disclosure [Text Block] | Stockholder's Equity Accumulated Other Comprehensive Income Accumulated other comprehensive income, net of tax as applicable, consisted of the following:
| As of
| December 28, 2019 |  | September 28, 2019
| (In thousands)
Foreign currency translation adjustments | $ | 86,985 |  |  | $ | 86,268 |
Unrealized holding losses on derivative financial instruments | (16,703 | ) |  | (19,888 | )
Unrecognized net actuarial losses and transition costs for benefit plans | (23,764 | ) |  | (24,121 | )
Total | $ | 46,518 |  |  | $ | 42,259 |
Unrealized holding losses on derivative financial instruments includes losses from interest rate swap agreements with independent counterparties to partially hedge the variability in cash flows due to changes in the benchmark interest rate (LIBOR) associated with anticipated variable rate borrowings. These swaps are accounted for as cash flow hedges under ASC Topic 815, Derivatives and Hedging. As of December 28, 2019 and September 28, 2019, interest rate swaps with an aggregate notional amount of $350 million for both periods, were outstanding. The aggregate effective interest rate of these swaps as of December 28, 2019 was approximately 4.3%. As of December 28, 2019, due to a decline in interest rates since the time the swaps were put in place, these interest rate swaps had a negative value of $17 million, of which $4 million is included in accrued liabilities and the remaining amount is included in other long-term liabilities on the condensed consolidated balance sheets. Stock Repurchase Program During the first quarter of 2020, the Board of Directors authorized the Company to purchase an additional $200 million of its common stock on the same terms as previously approved repurchase programs with no expiration. During the three months ended December 28, 2019 and December 29, 2018, the Company repurchased 0.3 million and 0.3 million shares of its common stock for $9 million and $7 million, respectively. As of December 28, 2019, an aggregate of $292 million remains available under repurchase programs authorized by the Board of Directors. In addition to the repurchases discussed above, the Company repurchased 0.3 million and 0.2 million shares of its common stock during the three months ended December 28, 2019 and December 29, 2018, respectively, in settlement of employee tax withholding obligations due upon the vesting of restricted stock units. The Company paid $8 million and $5 million, respectively, to applicable tax authorities in connection with these repurchases.

X
- References No definition available. + Details
Name: | us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration