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Comprehensive Income
 9 Months Ended
Jun. 29, 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 nine month periods ended June 29, 2012 and July 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 strengthening of the U.S. dollar against worldwide currencies was the primary driver of the Company's currency translation loss for the three and nine month periods ended June 29, 2012.  The weakening of the U.S. dollar versus the Swiss franc and the euro was the primary driver of the Company's currency translation gain for the three and nine month periods ended July 1, 2011.

The income on the cash flow hedge for the three and nine month periods ended June 29, 2012 and July 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

Nine Months Ended

 

June 29

July 1

June 29

July 1

 

2012

2011

2012

2011

Net income

$

 8,995 

$

 8,118 

$

 13,334 

$

 15,367 

Currency translation (loss) gain

 

 (4,485)

 

 4,369 

 

 (5,682)

 

 8,218 

Income from cash flow hedge

 

 199 

 

 247 

 

 683 

 

 859 

Comprehensive income

$

 4,709 

$

 12,734 

$

 8,335 

$

 24,444