XML 38 R28.htm IDEA: XBRL DOCUMENT
v3.22.4

DERIVATIVES FINANCIAL INSTRUMENTS (Tables) | 3 Months Ended
--- | ---
Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | The fair value of derivative instruments on our Consolidated Condensed Balance Sheets as of December 31, 2022 and October 1, 2022 were as follows:
| As of
| December 31, 2022 |  | October 1, 2022
(in thousands) | Notional Amount |  | Fair Value Asset Derivatives(1) |  |  | Notional Amount |  |  | Fair Value Liability Derivatives(2)
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |
Foreign exchange forward contracts (3) | $ | 47,395 |  |  | $ | 1,139 |  |  |  | $ | 57,570 |  |  |  | $ | (2,234) |
Total derivatives | $ | 47,395 |  |  | $ | 1,139 |  |  |  | $ | 57,570 |  |  |  | $ | (2,234) |
(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 Condensed Balance Sheets. (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 Condensed Balance Sheets. (3)Hedged amounts expected to be recognized to income within the next twelve months.
Derivative Instruments, Gain (Loss) | The effects of derivative instruments designated as cash flow hedges in our Consolidated Condensed Statements of Comprehensive Income for the three months ended December 31, 2022 and January 1, 2022 were as follows:
| Three months ended |  |
(in thousands) | December 31, 2022 |  | January 1, 2022 |  |  |  |  |
Foreign exchange forward contract in cash flow hedging relationships: |  |  |  |  |  |  |  |
Net gain recognized in OCI, net of tax (1) | $ | 3,093 |  |  | $ | 208 |  |  |  |  |  |
Net loss reclassified from accumulated OCI into income, net of tax (2) | $ | (280) |  |  | $ | (536) |  |  |  |  |  |
(1)Net change in the fair value of the effective portion classified in OCI. (2)Effective portion classified as selling, general and administrative expense.

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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 -Paragraph 4E -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration