Financial Instruments and Risk Management (Tables)

6 Months Ended

Mar. 28, 2015

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 28, 2015 and September 27, 2014, respectively:

	As of March 28, 2015			As of September 27, 2014
Asset Derivatives	Location	Fair Value		Location	Fair Value
Derivatives not designated as hedging instruments:
Commodity-related derivatives	Other current assets	$	5,562	Other current assets	$	3,924
	Other assets		134	Other assets		62
		$	5,696		$	3,986
Liability Derivatives	Location	Fair Value		Location	Fair Value
Derivatives designated as hedging instruments:
Interest rate swap	Other current liabilities	$	1,164	Other current liabilities	$	1,257
	Other liabilities		402	Other liabilities		283
		$	1,566		$	1,540
Derivatives not designated as hedging instruments:
Commodity-related derivatives	Other current liabilities	$	3,019	Other current liabilities	$	1,527
	Other liabilities		—	Other liabilities		53
		$	3,019		$	1,580

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 28, 2015					Six Months Ended March 29, 2014
	Assets			Liabilities		Assets			Liabilities
Beginning balance of over-the-counter options	$	1,512		$	—	$	1,847		$	—
Beginning balance realized during the period		(910	)		—		(389	)		—
Contracts purchased during the period		461			—		—			159
Change in the fair value of outstanding contracts		2,755			—		42			—
Ending balance of over-the-counter options	$	3,818		$	—	$	1,500		$	159

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 28, 2015 and March 29, 2014 are as follows:

	Three months ended March 28, 2015							Three months ended March 29, 2014
Derivatives in Cash Flow Hedging Relationships	Gains (Losses) Recognized in OCI (Effective Portion)			Gains (Losses) Reclassified from Accumulated OCI into Income				Gains (Losses) Recognized in OCI (Effective Portion)			Gains (Losses) Reclassified from Accumulated OCI into Income
				Location	Amount						Location	Amount
Interest rate swap	$	(500	)	Interest expense	$	(344	)	$	(90	)	Interest expense	$	(346	)
Derivatives Not Designated as Hedging Instruments				Unrealized Gains (Losses) Recognized in Income							Unrealized Gains (Losses) Recognized in Income
				Location	Amount						Location	Amount
Commodity-related derivatives				Cost of products sold	$	(7,433	)				Cost of products sold	$	291
	Six months ended March 28, 2015							Six months ended March 29, 2014
Derivatives in Cash Flow Hedging Relationships	Gains (Losses) Recognized in OCI (Effective Portion)			Gains (Losses) Reclassified from Accumulated OCI into Income				Gains (Losses) Recognized in OCI (Effective Portion)			Gains (Losses) Reclassified from Accumulated OCI into Income
				Location	Amount						Location	Amount
Interest rate swap	$	(727	)	Interest expense	$	(701	)	$	(256	)	Interest expense	$	(699	)
Derivatives Not Designated as Hedging Instruments				Unrealized Gains (Losses) Recognized in Income							Unrealized Gains (Losses) Recognized in Income
				Location	Amount						Location	Amount
Commodity-related derivatives				Cost of products sold	$	2,072					Cost of products sold	$	1

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 28, 2015
	Gross amounts		Effects of netting			Net amounts presented in the balance sheet
Asset Derivatives
Commodity-related derivatives	$	13,526	$	(7,830	)	$	5,696
Interest rate swap		1,297		(1,297	)		—
	$	14,823	$	(9,127	)	$	5,696
Liability Derivatives
Commodity-related derivatives	$	10,849	$	(7,830	)	$	3,019
Interest rate swap		2,863		(1,297	)		1,566
	$	13,712	$	(9,127	)	$	4,585
	As of September 27, 2014
	Gross amounts		Effects of netting			Net amounts presented in the balance sheet
Asset Derivatives
Commodity-related derivatives	$	9,533	$	(5,547	)	$	3,986
Interest rate swap		2,139		(2,139	)		—
	$	11,672	$	(7,686	)	$	3,986
Liability Derivatives
Commodity-related derivatives	$	7,127	$	(5,547	)	$	1,580
Interest rate swap		3,679		(2,139	)		1,540
	$	10,806	$	(7,686	)	$	3,120

Fair value of the Partnership's Senior Notes

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 28, 2015		September 27, 2014
7.375% senior notes due March 15, 2020	$	—	$	263,250
7.375% senior notes due August 1, 2021		373,874		363,489
5.5% senior notes due June 1, 2024		540,094		508,594
5.75% senior notes due March 1, 2025		255,000		—
	$	1,168,968	$	1,135,333