Financial Instruments and Risk Management (Tables)

3 Months Ended

Dec. 28, 2013

Financial Instruments and Risk Management [Abstract]

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

The following summarizes the gross fair value of the Partnership’s derivative instruments and their location in the condensed consolidated balance sheet as of December 28, 2013 and September 28, 2013, respectively:

	As of December 28, 2013			As of September 28, 2013
Asset Derivatives	Location	Fair Value		Location	Fair Value
Derivatives not designated as hedging instruments:
Commodity-related derivatives	Other current assets	$	4,320	Other current assets	$	2,546
	Other assets		-	Other assets		716
		$	4,320		$	3,262
Liability Derivatives	Location	Fair Value		Location	Fair Value
Derivatives designated as hedging instruments:
Interest rate swap	Other current liabilities	$	1,314	Other current liabilities	$	1,307
	Other liabilities		927	Other liabilities		1,121
		$	2,241		$	2,428
Derivatives not designated as hedging instruments:
Commodity-related derivatives	Other current liabilities	$	2,206	Other current liabilities	$	430

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)
	Three Months Ended December 28, 2013					Three Months Ended December 29, 2012
	Assets			Liabilities		Assets			Liabilities
Beginning balance of over-the-counter options	$	1,847		$	-	$	5,002		$	1,209
Beginning balance realized during the period		(20	)		-		(2,195	)		(735	)
Contracts purchased during the period		-			401		368			-
Change in the fair value of beginning balance		1,058			-		(437	)		(250	)
Ending balance of over-the-counter options	$	2,885		$	401	$	2,738		$	224

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

The effect of the Partnership’s derivative instruments on the condensed consolidated statement of operations and the condensed consolidated statement of comprehensive income, as applicable, for the three months ended December 28, 2013 and December 29, 2012 are as follows:

Three months ended December 28, 2013

Three months ended December 29, 2012

Derivatives in Cash Flow Hedging Relationships

Gains (Losses) Recognized in OCI

Gains (Losses) Reclassified from Accumulated OCI into Income

Gains (Losses) Recognized in OCI

Gains (Losses) Reclassified from Accumulated OCI into Income

(Effective Portion)

Location

Amount

(Effective Portion)

Location

Amount

Interest rate swap

$

(166

)

Interest expense

$

(353

)

$

(154

)

Interest expense

$

(861

)

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

Commodity-related derivatives

Cost of products sold

$ (290)

Cost of products sold

$ (3,614)

Fair value of Partnership's recognized derivative assets and liabilities on a gross basis and amounts offset on condensed consolidated balance sheets

The following table presents the fair value of the Partnership’s recognized derivative assets and liabilities on a gross basis and amounts offset on the condensed consolidated balance sheets subject to enforceable master netting arrangements or similar agreements:

	As of December 28, 2013
	Gross amounts		Effects of netting			Net amounts presented in the balance sheet
Asset Derivatives
Commodity-related derivatives	$	6,367	$	(2,047	)	$	4,320
Interest rate swap		2,617		(2,617	)		-
	$	8,984	$	(4,664	)	$	4,320
Liability Derivatives
Commodity-related derivatives	$	4,253	$	(2,047	)	$	2,206
Interest rate swap		4,858		(2,617	)		2,241
	$	9,111	$	(4,664	)	$	4,447
	As of September 28, 2013
	Gross amounts		Effects of netting			Net amounts presented in the balance sheet
Asset Derivatives
Commodity-related derivatives	$	3,634	$	(372	)	$	3,262
Interest rate swap		2,804		(2,804	)		-
	$	6,438	$	(3,176	)	$	3,262
Liability Derivatives
Commodity-related derivatives	$	802	$	(372	)	$	430
Interest rate swap		5,232		(2,804	)		2,428
	$	6,034	$	(3,176	)	$	2,858

Fair value of the Partnership's Senior Notes

The fair value of the borrowings under the Revolving Credit Facility (defined below) approximates the carrying value since the interest rates are periodically adjusted to reflect market conditions.  Based upon quoted market prices (a Level 1 input), the fair value of the Senior Notes (defined below) of the Partnership are as follows:

	As of
	December 28, 2013		September 28, 2013
7.5% senior notes due October 1, 2018	$	532,458	$	533,799
7.375% senior notes due March 15, 2020		268,750		268,125
7.375% senior notes due August 1, 2021		379,067		372,143
	$	1,180,275	$	1,174,067