Financial Instruments and Risk Management (Tables)

6 Months Ended

Mar. 29, 2014

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 March 29, 2014 and September 28, 2013, respectively:

	As of March 29, 2014			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	$	2,421	Other current assets	$	2,546
	Other assets		90	Other assets		716
		$	2,511		$	3,262
Liability Derivatives	Location	Fair Value		Location	Fair Value
Derivatives designated as hedging instruments:
Interest rate swap	Other current liabilities	$	1,344	Other current liabilities	$	1,307
	Other liabilities		641	Other liabilities		1,121
		$	1,985		$	2,428
Derivatives not designated as hedging instruments:
Commodity-related derivatives	Other current liabilities	$	798	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)
	Six Months Ended					Six Months Ended
	March 29, 2014					March 30, 2013
	Assets			Liabilities		Assets			Liabilities
Beginning balance of over-the-counter options	$	1,847		$	-	$	5,002		$	1,209
Beginning balance realized during the period		(389	)		-		(3,604	)		(1,151	)
Contracts purchased during the period		-			159		1,991			-
Change in the fair value of outstanding contracts		42			-		(962	)		(54	)
Ending balance of over-the-counter options	$	1,500		$	159	$	2,427		$	4

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 and six months ended March 29, 2014 and March 30, 2013 are as follows:

Three months ended March 29, 2014

Three months ended March 30, 2013

Derivatives in Cash Flow Hedging

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

Relationships

(Effective Portion)

Location

Amount

(Effective Portion)

Location

Amount

Interest rate swap

$

(90

)

Interest expense

$

(346

)

$

331

Interest expense

$

(679

)

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

$

291

Cost of products sold

$

(2,646

)

Six months ended March 29, 2014

Six months ended March 30, 2013

Derivatives in Cash Flow Hedging

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

Relationships

(Effective Portion)

Location

Amount

(Effective Portion)

Location

Amount

Interest rate swap

$

(256

)

Interest expense

$

(699

)

$

318

Interest expense

$

(1,399

)

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

$

1

Cost of products sold

$

(6,260

)

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 March 29, 2014
	Gross amounts		Effects of netting			Net amounts  presented in the balance sheet
Asset Derivatives
Commodity-related derivatives	$	4,013	$	(1,502	)	$	2,511
Interest rate swap		2,495		(2,495	)		-
	$	6,508	$	(3,997	)	$	2,511
Liability Derivatives
Commodity-related derivatives	$	2,300	$	(1,502	)	$	798
Interest rate swap		4,480		(2,495	)		1,985
	$	6,780	$	(3,997	)	$	2,783

	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
	March 29,		September 28,
	2014		2013
7.5% senior notes due October 1, 2018	$	528,213	$	533,799
7.375% senior notes due March 15, 2020		268,125		268,125
7.375% senior notes due August 1, 2021		383,394		372,143
	$	1,179,732	$	1,174,067