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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Sep. 30, 2023

Derivative financial Instruments [Abstract]

Schedule of fair value of derivative instruments on balance sheet

The fair value of derivative instruments on our Consolidated Balance Sheets as of September 30, 2023 and October 1, 2022 is as follows:

			As of
(in thousands)			September 30, 2023												October 1, 2022
			Notional Amount												Fair Value Liability Derivatives(1)						Notional Amount						Fair Value Liability Derivatives(1)
Derivatives designated as hedging instruments:
Foreign exchange forward contracts (2)			$	54,590											$	(723)					$	57,570					$	(2,234)
Total derivatives			$	54,590											$	(723)					$	57,570					$	(2,234)

(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 Sheets.

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

Derivative instruments, gain (loss)

The effect of derivative instruments designated as cash flow hedges in our Consolidated Statements of Operations for the fiscal years ended September 30, 2023 and October 1, 2022 was as follows:

(in thousands)			Fiscal
			2023						2022
Foreign exchange forward contract in cash flow hedging relationships:
Net gain/(loss) recognized in OCI, net of tax(1)			$	2,381					$	(2,694)
Net gain/(loss) reclassified from accumulated OCI into earnings, net of tax(2)			$	870					$	(1,076)

(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
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4E
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4E

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-Name Accounting Standards Codification
-Topic 815
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-Name Accounting Standards Codification
-Topic 815
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-Section 50
-Paragraph 4A
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-Publisher FASB
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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.

+ References

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-Topic 815
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-Section 50
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