v3.24.3
Accumulated Other Comprehensive Income (Tables)
12 Months Ended
Sep. 27, 2024
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
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 EndedFiscal Year Ended
September 27, 2024September 29, 2023
Investment SecuritiesCash Flow HedgesCurrency Translation AdjustmentsTotalInvestment SecuritiesCash Flow HedgesCurrency Translation AdjustmentsTotal
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 tax2,602 (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 tax173 1,764 — 1,937 (185)(583)— (768)
Net current-period other comprehensive income2,775 197 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)
(1)The foreign currency translation gains during fiscal 2024 and fiscal 2023 were primarily due to the strengthening of other foreign currencies as compared to the U.S. dollar.
(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.
(3)The income tax benefit or expense is included within provision for income taxes in our consolidated statements of operations.