DERIVATIVE FINANCIAL INSTRUMENT (Tables)

12 Months Ended

Sep. 29, 2018

Derivative financial Instruments [Abstract]

Schedule of Fair Value of Derivative Instruments on Balance Sheet

The fair value of derivative instruments on our Consolidated Balance Sheet as of September 29, 2018 and September 30, 2017 is as follows:



	As of
(in thousands)	September 29, 2018				September 30, 2017
	Notional Amount		Fair Value Liability Derivatives⁽¹⁾		Notional Amount		Fair Value Asset Derivatives⁽²⁾
Derivatives designated as hedging instruments:
Foreign exchange forward contracts ⁽²⁾	$	43,095	$	1,071	$	36,404	$	1,353
Total derivatives	$	43,095	$	1,071	$	36,404	$	1,353


(1)	The fair value of derivative liabilities is measured using level 2 fair value inputs and is included in accrued expenses and other current liabilities on our Consolidated Balance Sheet.


(2)	The fair value of derivative assets is measured using level 2 fair value inputs and is included in prepaid expenses and other current assets on our Consolidated Balance Sheet


(3)	Hedged amounts expected to be recognized into earnings within the next twelve months.

Derivative Instruments, Gain (Loss) [Table Text Block]

The effect of derivative instruments designated as cash flow hedges in our Consolidated Statements of Operations for the year ended September 29, 2018 and September 30, 2017 was as follows:



(in thousands)	Fiscal
	2018			2017
Foreign exchange forward contract in cash flow hedging relationships:
Net (loss) / gain recognized in OCI, net of tax⁽¹⁾	$	(669	)	$	669
Net gain / (loss) reclassified from accumulated OCI into earnings, net of tax⁽²⁾	$	1,755		$	(1,146	)
Net gain recognized into earnings⁽³⁾	$	—		$	—


(1)	Net change in the fair value of the effective portion classified in other comprehensive income (“OCI”).


(2)	Effective portion classified as selling, general and administrative expense.


(3)	Ineffective portion and amount excluded from effectiveness testing classified in selling, general and administrative expense.