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Comprehensive Income
 6 Months Ended
Mar. 30, 2012
Comprehensive Income [Abstract]  
Comprehensive Income
10     Comprehensive Income

Comprehensive income consists of net income and changes in shareholders’ equity from non-owner sources. For the three and six month periods ended March 30, 2012 and April 1, 2011, the difference between net income and comprehensive income consisted primarily of cumulative foreign currency translation adjustments and amortization of the effective portion of an interest rate swap that had been designated as a cash flow hedge.  The weakening of the U.S. dollar against worldwide currencies was the primary driver of the Company's currency translation gain for the three month periods ended March 30, 2012 and April 1, 2011 and the six month period ended April 1, 2011.  The strengthening of the U.S. dollar versus the Swiss franc and the euro was the primary driver of the Company's currency translation loss for the six month period ended March 30, 2012.

The income on the cash flow hedge for the three and six month periods ended March 30, 2012 and April 1, 2011 was the result of amortizing part of the effective portion of this cash flow hedge as interest expense (see “Note 14 – Derivative Instruments and Hedging Activities”).

Comprehensive income for the respective periods consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

Six Months Ended

 

March 30

April 1

March 30

April 1

 

2012

2011

2012

2011

Net income

$

 7,283

$

 8,486

$

 4,339

$

 7,249

Currency translation (loss) gain

 

 1,912

 

 3,139

 

 (1,197)

 

 3,849

Income from cash flow hedge

 

 271

 

 334

 

 484

 

 612

Comprehensive income

$

 9,466

$

 11,959

$

 3,626

$

 11,710