in earnings, and the gains and losses from the translation of assets and liabilities denominated in non-U.S. dollar functional currencies. Until realized and reported as a component of net income, these comprehensive income items accumulate and are included within accumulated other comprehensive loss, a subsection within stockholders’ equity in our consolidated balance sheets. Unrealized gains and losses on our investment securities are reclassified from AOCI into earnings when realized upon sale, and are determined based on specific identification of securities sold. Unrealized gains and losses on our cash flow hedges are reclassified from AOCI into earnings when the hedged operating expenses are recognized, which is also when the gains and losses are realized.

The following table summarizes the changes in the accumulated balances during the period, and includes information regarding the manner in which the reclassifications out of AOCI into earnings affect our consolidated statements of operations (in thousands):


	Fiscal Year Ended								Fiscal Year Ended
	September 27, 2024								September 29, 2023
	Investment Securities		Cash Flow Hedges		Currency Translation Adjustments		Total		Investment Securities		Cash Flow Hedges		Currency Translation Adjustments		Total
Beginning Balance	$	(2,858)	$	(197)	$	(33,929)	$	(36,984)	$	(5,986)	$	(4,483)	$	(41,172)	$	(51,641)
Other comprehensive income before reclassifications:
Unrealized gains/(losses)	2,602		(1,567)		—		1,035		3,313		4,869		—		8,182
Foreign currency translation gains(1)	—		—		14,760		14,760		—		—		7,170		7,170
Income tax effect - benefit	—		—		65		65		—		—		73		73
Net of tax	2,602		(1,567)		14,825		15,860		3,313		4,869		7,243		15,425
Amounts reclassified from AOCI into earnings:
Realized gains/(losses) (2)	194		2,108		—		2,302		(239)		(668)		—		(907)
Income tax effect - benefit/(expense) (3)	(21)		(344)		—		(365)		54		85		—		139
Net of tax	173		1,764		—		1,937		(185)		(583)		—		(768)
Net current-period other comprehensive income	2,775		197		14,825		17,797		3,128		4,286		7,243		14,657
Ending Balance	$	(83)	$	—	$	(19,104)	$	(19,187)	$	(2,858)	$	(197)	$	(33,929)	$	(36,984)

(2)Realized gains or losses, if any, from the sale of our AFS investment securities or from foreign currency translation adjustments are included within other income/(expense), net in our consolidated statements of operations. Realized gains or losses on foreign currency contracts designated as cash flow hedges are included in operating expenses in the consolidated statements of operations.