Financial Instruments and Risk Management (Tables)

6 Months Ended

12 Months Ended

Mar. 24, 2012

Sep. 24, 2011

Financial Instruments and Risk Management [Abstract]

Fair value of the Partnership's derivative instruments and their location in the condensed consolidated balance

The following summarizes the gross fair value of the Partnership's derivative instruments and their location in the condensed consolidated balance sheet as of March 24, 2012 and September 24, 2011, respectively:


	As of March 24, 2012			As of September 24, 2011
Asset Derivatives	Location	Fair Value		Location	Fair Value
Derivatives not designated as hedging instruments:
Commodity options	Other current assets	$	1,083	Other current assets	$	3,710
	Other assets		-	Other assets		612
Commodity futures	Other current assets		199	Other current assets		1,132

		$	1,282		$	5,454


Liability Derivatives	Location	Fair Value		Location	Fair Value
Derivatives designated as hedging instruments:
Interest rate swaps	Other current liabilities	$	2,638	Other current liabilities	$	2,662
	Other liabilities		999	Other liabilities		1,934

		$	3,637		$	4,596

Derivatives not designated as hedging instruments:
Commodity options	Other current liabilities	$	31	Other current liabilities	$	2,407
	Other liabilities		-	Other liabilities		69

		$	31		$	2,476

The following summarizes the fair value of the Partnership's derivative instruments and their location in the consolidated balance sheet as of September 24, 2011 and September 25, 2010, respectively:

	As of September 24, 2011			As of September 25, 2010
Asset Derivatives	Location	Fair Value		Location	Fair Value
Derivatives not designated as hedging instruments:

Commodity options	Other current assets	$	3,710	Other current assets	$	2,601
	Other assets		612	Other assets		-

Commodity futures	Other current assets		1,132	Other current assets		22
		$	5,454		$	2,623

Liability Derivatives	Location	Fair Value		Location	Fair Value
Derivatives designated as hedging instruments:

Interest rate swaps	Other current liabilities	$	2,662	Other current liabilities	$	2,740
	Other liabilities		1,934	Other liabilities		3,561
		$	4,596		$	6,301
Derivatives not designated as hedging instruments:

Commodity options	Other current liabilities	$	2,407	Other current liabilities	$	641
	Other liabilities		69	Other liabilities		-

Commodity futures	Other current liabilities		-	Other current liabilities		1,838
		$	2,476		$	2,479

Reconciliation of the beginning and ending balances of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs

The following summarizes the reconciliation of the beginning and ending balances of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs:


	Fair Value Measurement Using Significant Unobservable Inputs (Level 3)
	Six Months Ended March 24, 2012						Six Months Ended March 26, 2011
	Assets			Liabilities			Assets			Liabilities
Opening balance of over-the-counter options	$	1,780		$	118		$	1,509		$	29
Beginning balance realized during the period		(398	)		-			(833	)		(11	)
Contracts purchased during the period		330			-			475			-
Change in the fair value of beginning balance		(770	)		(97	)		(41	)		(18	)

Closing balance of over-the-counter options	$	942		$	21		$	1,110		$	-

The following summarizes the reconciliation of the beginning and ending balances of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs:

	Fair Value Measurement Using Significant Unobservable Inputs (Level 3)
	Fiscal 2011						Fiscal 2010
	Assets			Liabilities			Assets			Liabilities
Beginning balance of over-the-counter options	$	1,509		$	30		$	1,675		$	844
Beginning balance realized during the period		(1,509	)		(30	)		(1,434	)		(844	)
Change in the fair value of beginning balance		-			-			(241	)		-
Contracts purchased during the period		1,780			118			1,509			30
Ending balance of over-the-counter options	$	1,780		$	118		$	1,509		$	30

Effect of the Partnership's derivative instruments on the condensed consolidated statement of operations

The effect of the Partnership's derivative instruments on the condensed consolidated statements of operations for the three and six months ended March 24, 2012 and March 26, 2011 are as follows:


	Three months ended March 24, 2012									Three months ended March 26, 2011
Derivatives in Cash Flow Hedging Relationships	Gains (Losses) Recognized in OCI (Effective Portion)			Gains (Losses) Reclassified from Accumulated OCI into Income (Effective Portion)						Gains (Losses) Recognized in OCI (Effective Portion)			Gains (Losses) Reclassified from Accumulated OCI into Income (Effective Portion)
Derivatives in Cash Flow Hedging Relationships	Gains (Losses) Recognized in OCI (Effective Portion)			Location			Amount			Gains (Losses) Recognized in OCI (Effective Portion)			Location		Amount
Interest rate swap	$	(695	)		Interest expense		$	(642	)	$	(352	)		Interest expense	$	(704	)

	$	(695	)				$	(642	)	$	(352	)			$	(704	)


Derivatives Not Designated as Hedging Instruments	Location of Gains (Losses) Recognized in Income			Amount of Unrealized Gains (Losses) Recognized in Income						Location of Gains (Losses) Recognized in Income			Amount of Unrealized Gains (Losses) Recognized in Income
Options		Cost of products sold		$	(653	)					Cost of products sold		$	766
Futures		Cost of products sold			653						Cost of products sold			3,357

				$	-								$	4,123


	Six months ended March 24, 2012									Six months ended March 26, 2011
Derivatives in Cash Flow Hedging Relationships	Gains (Losses) Recognized in OCI (Effective Portion)			Gains (Losses) Reclassified from Accumulated OCI into Income (Effective Portion)						Gains (Losses) Recognized in OCI (Effective Portion)		Gains (Losses) Reclassified from Accumulated OCI into Income (Effective Portion)
Derivatives in Cash Flow Hedging Relationships	Gains (Losses) Recognized in OCI (Effective Portion)			Location			Amount			Gains (Losses) Recognized in OCI (Effective Portion)		Location		Amount
Interest rate swap	$	(378	)		Interest expense		$	(1,338	)	$	226		Interest expense	$	(1,428	)

	$	(378	)				$	(1,338	)	$	226			$	(1,428	)


Derivatives Not Designated as Hedging Instruments	Location of Gains (Losses) Recognized in Income			Amount of Unrealized Gains (Losses) Recognized in Income						Location of Gains (Losses) Recognized in Income		Amount of Unrealized Gains (Losses) Recognized in Income
Options		Cost of products sold		$	(115	)					Cost of products sold	$	799
Futures		Cost of products sold			(933	)					Cost of products sold		1,751

				$	(1,048	)						$	2,550

The effect of the Partnership's derivative instruments on the consolidated statement of operations for fiscal 2011, 2010 and 2009 are as follows:

	Amount of Gains (Losses) Recognized in OCI (Effective Portion)			Gains (Losses) Reclassified from Accumulated OCI into Income (Effective Portion)
Derivatives in Cash Flow Hedging Relationships:				Location	Amount

Fiscal 2011
Interest rate swap	$	(1,177	)	Interest expense	$	(2,881	)

Fiscal 2010
Interest rate swap	$	(5,706	)	Interest expense	$	(3,597	)

Fiscal 2009
Interest rate swap	$	(4,079	)	Interest expense	$	(3,088	)

Derivatives Not Designated as Hedging Instruments:	Location of Gains (Losses) Recognized in Income	Amount of Unrealized Gains (Losses) Recognized in Income

Fiscal 2011
Options	Cost of products sold	$	(1,517	)
Futures	Cost of products sold		2,948
		$	1,431
Fiscal 2010
Options	Cost of products sold	$	(1,275	)
Futures	Cost of products sold		(4,125	)
		$	(5,400	)
Fiscal 2009
Options	Cost of products sold	$	(589	)
Futures	Cost of products sold		2,302
		$	1,713

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income, and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issuances, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References+ Details

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

+ References+ Details

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References+ Details