v3.26.1
Derivatives and Fair Value Measurements (Tables)
9 Months Ended
Jul. 04, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Values of Derivative Instruments
Fair Values of Derivative Instruments (in thousands)
  Derivative AssetsDerivative Liabilities
    July 4,
2026
September 27,
2025
  July 4,
2026
September 27,
2025
Derivatives designated as hedging instrumentsBalance sheet
classification
Fair ValueFair ValueBalance sheet
classification
Fair ValueFair Value
Foreign currency forward contractsPrepaid expenses and other$5,662 $10,141 Other accrued liabilities$3,076 $11 
Fair Values of Derivative Instruments (in thousands)
  Derivative AssetsDerivative Liabilities
    July 4,
2026
September 27,
2025
  July 4,
2026
September 27,
2025
Derivatives not designated as hedging instrumentsBalance sheet
classification
Fair ValueFair ValueBalance sheet
classification
Fair ValueFair Value
Foreign currency forward contractsPrepaid expenses and other$465 $579 Other accrued liabilities$3,179 $599 
Schedule of Derivative Impact on Accumulated Other Comprehensive Income (Loss)
The Effect of Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income ("OCI") (in thousands)
for the Three Months Ended
Derivatives in cash flow hedging relationships
Amount of Gain Recognized in OCI on Derivatives
July 4, 2026June 28, 2025
Foreign currency forward contracts$1,012 $12,564 
The Effect of Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income ("OCI") (in thousands)
for the Nine Months Ended
Derivatives in cash flow hedging relationships
Amount of Gain Recognized in OCI on Derivatives
July 4, 2026June 28, 2025
Foreign currency forward contracts$10,930 $115 
Schedule of Derivative Impact on Gain (Loss) Recognized in Income
Derivative Impact on Gain (Loss) Recognized in Condensed Consolidated Statements of Comprehensive Income (in thousands)
for the Three Months Ended
Derivatives in cash flow hedging relationships
Classification of Gain (Loss) Reclassified from Accumulated OCI into Income
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income 
July 4, 2026June 28, 2025
Foreign currency forward contractsCost of sales$4,531 $(2,328)
Foreign currency forward contractsSelling and administrative expenses307 (142)
Derivative Impact on Gain Recognized in Condensed Consolidated Statements of Comprehensive Income (in thousands)
for the Nine Months Ended
Derivatives in cash flow hedging relationships
Classification of Gain Reclassified from Accumulated OCI into Income
Amount of Gain Reclassified from Accumulated OCI into Income 
July 4, 2026June 28, 2025
Foreign currency forward contractsCost of sales$17,423 $871 
Foreign currency forward contractsSelling and administrative expenses1,051 103 
Schedule of Amount of Gain (Loss) on Derivatives Recognized in Income
Derivatives not designated as hedging instruments
Location of (Loss) Gain Recognized on Derivatives in Income
Amount of (Loss) Gain on Derivatives Recognized in Income
July 4, 2026June 28, 2025
Foreign currency forward contractsMiscellaneous, net$(748)$3,762 
Derivatives not designated as hedging instruments
Location of Gain Recognized on Derivatives in Income
Amount of Gain on Derivatives Recognized in Income
July 4, 2026June 28, 2025
Foreign currency forward contractsMiscellaneous, net$838 $284 
Schedule of Derivatives Fair Value Measurements Using Input Levels
The following table lists the fair values of the Company’s derivatives as of July 4, 2026 and September 27, 2025, by input level:
Fair Value Measurements Using Input Levels (Liability) Asset (in thousands)
Fiscal period ended July 4, 2026
Level 1Level 2Level 3Total
Derivatives
Foreign currency forward contracts$— $(128)$— $(128)
Fiscal period ended September 27, 2025
Derivatives
Foreign currency forward contracts$— $10,110 $— $10,110