Accumulated other comprehensive income (loss) ("AOCI") |
Accumulated other comprehensive income (loss) (“AOCI”) The changes in AOCI for the years ended June 27, 2025 and June 28, 2024 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in thousands) | Unrealized Gains (Losses) on Available-for-sale Securities | | Unrealized Gains (Losses) on Derivative Instruments | | Retirement benefit plan - Prior service cost | | Foreign Currency Translation Adjustment | | Total | Balance as of June 30, 2023 | $ | (3,279) | | | $ | (3,541) | | | $ | (330) | | | $ | (965) | | | $ | (8,115) | | Other comprehensive income (loss) before reclassification | 2,099 | | | 2,792 | | | — | | | (17) | | | 4,874 | | Amounts reclassified from AOCI | 1 | | | (403) | | | 330 | | | — | | | (72) | | Tax effects | — | | | 172 | | | — | | | — | | | 172 | | Other comprehensive income (loss) | 2,100 | | | 2,561 | | | 330 | | | (17) | | | 4,974 | | Balance as of June 28, 2024 | (1,179) | | | (980) | | | — | | | (982) | | | (3,141) | | Other comprehensive income (loss) before reclassification | 9,893 | | | 5,075 | | | — | | | 1,228 | | | 16,196 | | Amounts reclassified from AOCI | — | | | (2,364) | | | — | | | — | | | (2,364) | | Tax effects | — | | | (397) | | | — | | | — | | | (397) | | Other comprehensive income (loss) | 9,893 | | | 2,314 | | | — | | | 1,228 | | | 13,435 | | Balance as of June 27, 2025 | $ | 8,714 | | | $ | 1,334 | | | $ | — | | | $ | 246 | | | $ | 10,294 | |
The following table presents the pre-tax amounts reclassified from AOCI into the consolidated statements of operations and comprehensive income for the years ended June 27, 2025 and June 28, 2024, respectively. | | | | | | | | | | | | | | | | | | | | | (in thousands) | | | | Years Ended | AOCI components | | Financial statements line item | | June 27, 2025 | | June 28, 2024 | Unrealized gains (losses) on available-for-sale securities | | Interest income | | $ | — | | | $ | 1 | | Unrealized gains (losses) on derivative instruments | | Cost of revenues | | (1,588) | | | 8,563 | | Unrealized gains (losses) on derivative instruments | | Selling, general and administrative expenses | | (122) | | | 357 | | Unrealized gains (losses) on derivative instruments | | Foreign exchange gain (loss), net | | (654) | | | (9,103) | | Unrealized gains (losses) on derivative instruments | | Interest expense | | — | | | (220) | | Retirement benefit plan – Prior service cost | | Selling, general and administrative expenses | | — | | | 330 | | Total amounts reclassified from AOCI | | | | $ | (2,364) | | | $ | (72) | |
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