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Derivatives and Fair Value Measurements (Tables)

12 Months Ended

Sep. 29, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Values of Derivative Instruments

The tables below present information regarding the fair values of derivative instruments (as defined in Note 1, "Description of Business and Significant Accounting Policies") and the effects of derivative instruments on the Company’s Consolidated Financial Statements:

Fair Values of Derivative Instruments

In thousands of dollars

Asset Derivatives

Liability Derivatives

September 29, 2018

September 30, 2017

September 29, 2018

September 30, 2017

Derivatives designated as hedging instruments

Balance Sheet Classification

Fair Value

Fair Value

Balance Sheet Classification

Fair Value

Fair Value

Forward currency forward contracts

Prepaid expenses and other

$

292

$

2,024

Other accrued liabilities

$

1,984

$

—

Fair Values of Derivative Instruments

In thousands of dollars

Asset Derivatives

Liability Derivatives

September 29, 2018

September 30, 2017

September 29, 2018

September 30, 2017

Derivatives not designated as hedging instruments

Balance Sheet Classification

Fair Value

Fair Value

Balance Sheet Classification

Fair Value

Fair Value

Forward currency forward contracts

Prepaid expenses and other

$

42

$

35

Other accrued liabilities

$

81

$

118

Schedule of Derivative Impact on Accumulated Other Comprehensive Income (Loss)

Derivative Impact on Accumulated Other Comprehensive (Loss) Income ("OCL")
for the Twelve Months Ended
In thousands of dollars
Derivatives in Cash Flow Hedging Relationships		Amount of Gain (Loss) Recognized in OCL on Derivatives (Effective Portion)
		September 29, 2018				September 30, 2017				October 1, 2016
Interest rate swaps		$	—			$	(10	)		$	(16	)
Forward currency forward contracts		$	2,579			$	(848	)		$	5,311

Schedule of Derivative Impact on Gain (Loss) Recognized in Income

Derivative Impact on Gain (Loss) Recognized in Income
for the Twelve Months Ended
In thousands of dollars
Derivatives in Cash Flow Hedging Relationships		Classification of Gain (Loss) Reclassified from Accumulated OCL into Income (Effective Portion)		Amount of Gain (Loss) Reclassified from Accumulated OCL into Income (Effective Portion)
				September 29, 2018				September 30, 2017				October 1, 2016
Interest rate swaps		Interest expense		$	—			$	(142	)		$	(381	)
Forward currency forward contracts		Selling and administrative expenses		$	619			$	(317	)		$	(350	)
Forward currency forward contracts		Cost of sales		$	5,676			$	(3,041	)		$	(3,261	)
Treasury Rate Locks		Interest expense		$	226			$	321			$	320
Interest rate swaps		Income tax expense		$	—			$	(84	)		$	—

Schedule of Amount of Gain (Loss) on Derivatives Recognized in Income

Derivatives Not Designated as Hedging Instruments		Location of Gain Recognized on Derivatives in Income		Amount of Gain (Loss) on Derivatives Recognized in Income
				September 29, 2018				September 30, 2017				October 1, 2016
Forward currency forward contracts		Miscellaneous income		$	263			$	2,153			$	121

Schedule of Derivatives Fair Value Measurements Using Input Levels

The following table lists the fair values of liabilities of the Company’s derivatives as of September 29, 2018 and September 30, 2017, by input level as defined in Note 1, "Description of Business and Significant Accounting Policies":

Fair Value Measurements Using Input Levels (Liability)/Asset
In thousands of dollars
Fiscal year ended September 29, 2018		Level 1				Level 2				Level 3				Total
Derivatives
Forward currency forward contracts		$	—			$	(1,731	)		$	—			$	(1,731	)
Fiscal year ended September 30, 2017
Derivatives
Forward currency forward contracts		$	—			$	1,941			$	—			$	1,941

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Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19279-110258

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Tabular disclosure of the effective portion of gains and losses on derivative instruments (and nonderivative instruments) designated and qualifying in cash flow hedges recorded in accumulated other comprehensive income (loss) during the term of the hedging relationship and reclassified into earnings during the current period.

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Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period.

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-Publisher FASB
-Name Accounting Standards Codification
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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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Tabular disclosure for other derivative instruments not designated as hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position.

+ References

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