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DERIVATIVE FINANCIAL INSTRUMENT (Tables)

12 Months Ended

Oct. 03, 2020

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 October 3, 2020 and September 28, 2019 is as follows:

			As of
(in thousands)			October 3, 2020												September 28, 2019
			Notional Amount						Fair Value Asset Derivatives(1)						Notional Amount						Fair Value (Liability) Derivatives(2)
Derivatives designated as hedging instruments:
Foreign exchange forward contracts (3)			$	37,264					$	557					$	33,834					$	(597)
Total derivatives			$	37,264					$	557					$	33,834					$	(597)

(1)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.

(2)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.

(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 fiscal year ended October 3, 2020 and September 28, 2019 was as follows:

(in thousands)			Fiscal
			2020						2019
Foreign exchange forward contract in cash flow hedging relationships:
Net gain / (loss) recognized in OCI, net of tax(1)			$	358					$	(741)
Net loss reclassified from accumulated OCI into earnings, net of tax(2)			$	(796)					$	(1,215)

(1)Net change in the fair value of the effective portion classified in OCI.

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

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- Definition

Derivative financial Instruments [Abstract]

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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
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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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