Accumulated Other Comprehensive (Loss) Income |
Accumulated Other Comprehensive (Loss) Income The following table provides the changes in accumulated other comprehensive (loss) income (AOCI) by component and the related tax effects during the first six months of fiscal 2024. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Foreign currency translation adjustment | | | | | | Unrealized holding gains (losses) on derivatives | | Pension plans | | Total | October 28, 2023 | $ | (72,544) | | | | | | | $ | (102,043) | | | $ | (13,715) | | | $ | (188,302) | | Other comprehensive income before reclassifications | 649 | | | | | | | 6,868 | | | 94 | | | 7,611 | | Amounts reclassified out of other comprehensive income | — | | | | | | | 4,207 | | | 1,032 | | | 5,239 | | Tax effects | — | | | | | | | (1,749) | | | — | | | (1,749) | | Other comprehensive income | 649 | | | | | | | 9,326 | | | 1,126 | | | 11,101 | | | | | | | | | | | | | | May 4, 2024 | $ | (71,895) | | | | | | | $ | (92,717) | | | $ | (12,589) | | | $ | (177,201) | |
The amounts reclassified out of AOCI into the Condensed Consolidated Statements of Income and the Condensed Consolidated Statements of Shareholders' Equity with presentation location during each period were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | Comprehensive (Loss) Income Component | | May 4, 2024 | | April 29, 2023 | | May 4, 2024 | | April 29, 2023 | | Location | Unrealized holding (gains) losses on derivatives: | | | | | | Currency forwards | | $ | (521) | | | $ | 1,342 | | | $ | (592) | | | $ | 283 | | | Cost of sales | | | (203) | | | 570 | | | (272) | | | 123 | | | Research and development | | | (1,500) | | | 344 | | | (2,391) | | | (953) | | | Selling, marketing, general and administrative | | | | | | | | | | | | Interest rate derivatives | | 3,732 | | | 3,731 | | | 7,462 | | | 7,458 | | | Interest expense | | | | | | | | | | | | | | 1,508 | | | 5,987 | | | 4,207 | | | 6,911 | | | Total before tax | | | (30) | | | (701) | | | (878) | | | (1,503) | | | Tax | | | | | | | | | | | | | | $ | 1,478 | | | $ | 5,286 | | | $ | 3,329 | | | $ | 5,408 | | | Net of tax | | | | | | | | | | | | Amortization of pension components included in the computation of net periodic pension cost: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Actuarial losses | | $ | 516 | | | $ | 376 | | | $ | 1,032 | | | $ | 746 | | | Net of tax | | | | | | | | | | | | Total amounts reclassified out of AOCI, net of tax | | $ | 1,994 | | | $ | 5,662 | | | $ | 4,361 | | | $ | 6,154 | | | |
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