v3.25.4
DERIVATIVES FINANCIAL INSTRUMENTS (Tables)
 3 Months Ended
Jan. 03, 2026
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 January 3, 2026 and October 4, 2025 were as follows:
As of
January 3, 2026October 4, 2025
(in thousands)Notional AmountFair Value Liability Derivatives
(1)
Notional AmountFair Value Asset Derivatives
(2)
Derivatives designated as hedging instruments:
Foreign exchange forward contracts (3)
$42,821 $(472)$49,974 $85 
Total derivatives$42,821 $(472)$49,974 $85 
(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 Condensed Balance Sheets.
(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 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 January 3, 2026 and December 28, 2024 were as follows:
Three months ended
(in thousands)January 3, 2026December 28, 2024
Foreign exchange forward contract in cash flow hedging relationships:
Net loss recognized in OCI, net of tax
(1)
$(316)$(2,285)
Net gain reclassified from accumulated OCI into income, net of tax
(2)
$241 $283 
(1)Net change in the fair value of the effective portion classified in OCI.
(2)Effective portion classified as selling, general and administrative expense.