ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) |
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following tables disclose changes in the balances of each component of accumulated other comprehensive income (loss), net of taxes (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | For the 13 Weeks Ended October 1, 2022 | | Currency Translation Adjustments | | Cash Flow Hedges | | | | | | | Forward Contracts | | | | Pension Plan | | Total | Beginning balance | $ | (99,573) | | | $ | 8,512 | | | | | $ | 3,982 | | | $ | (87,079) | | Other comprehensive income (loss) before reclassifications | (13,465) | | | 7,950 | | | | | — | | | (5,515) | | Tax (expense) benefit | — | | | 261 | | | | | — | | | 261 | | Amounts reclassed from accumulated other comprehensive income (loss) | — | | | 4,310 | | | | | — | | | 4,310 | | Tax (expense) benefit | — | | | 233 | | | | | — | | | 233 | | Total other comprehensive income (loss) | (13,465) | | | 3,668 | | | | | — | | | (9,797) | | Ending balance | $ | (113,038) | | | $ | 12,180 | | | | | $ | 3,982 | | | $ | (96,876) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | For the 13 Weeks Ended October 2, 2021 | | Currency Translation Adjustments | | Cash Flow Hedges | | | | | | | Forward Contracts | | | | Pension Plan | | Total | Beginning balance | $ | (70,234) | | | $ | 2,372 | | | | | $ | 1,428 | | | $ | (66,434) | | Other comprehensive income (loss) before reclassifications | (3,237) | | | 3,320 | | | | | — | | | 83 | | Tax (expense) benefit | — | | | (29) | | | | | — | | | (29) | | Amounts reclassed from accumulated other comprehensive income (loss) | — | | | 1,263 | | | | | — | | | 1,263 | | Tax (expense) benefit | — | | | (57) | | | | | — | | | (57) | | Total other comprehensive income (loss) | (3,237) | | | 2,085 | | | | | — | | | (1,152) | | Ending balance | $ | (73,471) | | | $ | 4,457 | | | | | $ | 1,428 | | | $ | (67,586) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the 39 Weeks Ended October 1, 2022 | | Currency Translation Adjustments | | Cash Flow Hedges | | | | | | | Forward Contracts | | | | Pension Plan | | Total | Beginning balance | $ | (75,601) | | | $ | 4,344 | | | | | $ | 3,982 | | | $ | (67,275) | | Other comprehensive income (loss) before reclassifications | (37,437) | | | 16,151 | | | | | — | | | (21,286) | | Tax (expense) benefit | — | | | 790 | | | | | — | | | 790 | | Amounts reclassed from accumulated other comprehensive income | — | | | 8,512 | | | | | — | | | 8,512 | | Tax (expense) benefit | — | | | 593 | | | | | — | | | 593 | | Total other comprehensive income (loss) | (37,437) | | | 7,836 | | | | | — | | | (29,601) | | Ending balance | $ | (113,038) | | | $ | 12,180 | | | | | $ | 3,982 | | | $ | (96,876) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the 39 Weeks Ended October 2, 2021 | | Currency Translation Adjustments | | Cash Flow Hedges | | | | | | | Forward Contracts | | | | Pension Plan | | Total | Beginning balance | $ | (61,178) | | | $ | 850 | | | | | $ | 1,428 | | | $ | (58,900) | | Other comprehensive income (loss) before reclassifications | (12,293) | | | 3,934 | | | | | — | | | (8,359) | | Tax (expense) benefit | — | | | (247) | | | | | — | | | (247) | | Amounts reclassed from accumulated other comprehensive income (loss) | — | | | 210 | | | | | — | | | 210 | | Tax (expense) benefit | — | | | (130) | | | | | — | | | (130) | | Total other comprehensive income (loss) | (12,293) | | | 3,607 | | | | | — | | | (8,686) | | Ending balance | $ | (73,471) | | | $ | 4,457 | | | | | $ | 1,428 | | | $ | (67,586) | |
See “Note 10—Derivatives and Risk Management” for additional disclosures about the Company’s use of derivatives.
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