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Derivatives and Fair Value Measurements (Tables) | 9 Months Ended
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Jul. 02, 2022
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 Condensed Consolidated Financial Statements:
Fair Values of Derivative Instruments (in thousands)
|  | Derivative Assets |  | Derivative Liabilities
|  |  |  | July 2, 2022 |  | October 2, 2021 |  |  |  | July 2, 2022 |  | October 2, 2021
Derivatives designated as hedging instruments |  | Balance sheet classification |  | Fair Value |  | Fair Value |  | Balance sheet classification |  | Fair Value |  | Fair Value
Foreign currency forward contracts |  | Prepaid expenses and other |  | $ | 534 |  |  | $ | 76 |  |  | Other accrued liabilities |  | $ | 3,108 |  |  | $ | 1,119 |
Fair Values of Derivative Instruments (in thousands)
|  | Derivative Assets |  | Derivative Liabilities
|  |  |  | July 2, 2022 |  | October 2, 2021 |  |  |  | July 2, 2022 |  | October 2, 2021
Derivatives not designated as hedging instruments |  | Balance sheet classification |  | Fair Value |  | Fair Value |  | Balance sheet classification |  | Fair Value |  | Fair Value
Foreign currency forward contracts |  | Prepaid expenses and other |  | $ | 153 |  |  | $ | 133 |  |  | Other accrued liabilities |  | $ | 566 |  |  | $ | 356 |
Schedule of Derivative Impact on Accumulated Other Comprehensive (Loss) Income |
The Effect of Cash Flow Hedge Accounting on Accumulated Other Comprehensive Loss ("OCL") (in thousands)
for the Three Months Ended
Derivatives in cash flow hedging relationships |  | Amount of (Loss) Gain Recognized in OCL on Derivatives
| July 2, 2022 |  | July 3, 2021
Foreign currency forward contracts |  | $ | (3,588) |  |  | $ | 164 |
The Effect of Cash Flow Hedge Accounting on Accumulated Other Comprehensive Loss ("OCL") (in thousands)
for the Nine Months Ended
Derivatives in cash flow hedging relationships |  | Amount of (Loss) Gain Recognized in OCL on Derivatives
| July 2, 2022 |  | July 3, 2021
Foreign currency forward contracts |  | $ | (2,801) |  |  | $ | 1,575 |
Schedule of Derivative Impact on (Loss) Gain Recognized in Income |
Derivative Impact on (Loss) Gain Recognized in Condensed Consolidated Statements of Comprehensive Income (in thousands)
for the Three Months Ended
Derivatives in cash flow hedging relationships |  | Classification of (Loss) Gain Reclassified from Accumulated OCL into Income |  | Amount of (Loss) Gain Reclassified from Accumulated OCL into Income
|  | July 2, 2022 |  | July 3, 2021
Foreign currency forward contracts |  | Cost of sales |  | $ | (322) |  |  | $ | 1,290 |
Foreign currency forward contracts |  | Selling and administrative expenses |  | $ | (27) |  |  | $ | 92 |
Derivative Impact on (Loss) Gain Recognized in Condensed Consolidated Statements of Comprehensive Income (in thousands)
for the Nine Months Ended
Derivatives in cash flow hedging relationships |  | Classification of (Loss) Gain Reclassified from Accumulated OCL into Income |  | Amount of (Loss) Gain Reclassified from Accumulated OCL into Income
|  | July 2, 2022 |  | July 3, 2021
Foreign currency forward contracts |  | Cost of sales |  | $ | (1,174) |  |  | $ | 3,031 |
Foreign currency forward contracts |  | Selling and administrative expenses |  | $ | (96) |  |  | $ | 263 |
Schedule of Amount of Gain (Loss) on Derivatives Recognized in Income |
Derivatives not designated as hedging instruments |  | Location of (Loss) Gain Recognized on Derivatives in Income |  | Amount of (Loss) Gain on Derivatives Recognized in Income
|  | July 2, 2022 |  | July 3, 2021
Foreign currency forward contracts |  | Miscellaneous, net |  | $ | (790) |  |  | $ | 83 |
Derivatives not designated as hedging instruments |  | Location of (Loss) Gain Recognized on Derivatives in Income |  | Amount of (Loss) Gain on Derivatives Recognized in Income
|  | July 2, 2022 |  | July 3, 2021
Foreign currency forward contracts |  | Miscellaneous, net |  | $ | (1,615) |  |  | $ | 380 |
Schedule of Derivatives Fair Value Measurements Using Input Levels | The following table lists the fair values of assets of the Company’s derivatives as of July 2, 2022 and October 2, 2021, by input level:
Fair Value Measurements Using Input Levels Asset/(Liability) (in thousands)
July 2, 2022 |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Derivatives |  |  |  |  |  |  |  |
Foreign currency forward contracts |  | $ | — |  |  | $ | (2,987) |  |  | $ | — |  |  | $ | (2,987) |
October 2, 2021 |  |  |  |  |  |  |  |
Derivatives |  |  |  |  |  |  |  |
Foreign currency forward contracts |  | $ | — |  |  | $ | (1,266) |  |  | $ | — |  |  | $ | (1,266) |

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- Definition 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI https://asc.fasb.org/extlink&oid=126976982&loc=SL7498348-110258 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bb) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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