Financial Instruments and Risk Management (Tables)

3 Months Ended

Dec. 26, 2015

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

The following summarizes the fair value of the Partnership’s derivative instruments and their location in the condensed consolidated balance sheets as of December 26, 2015 and September 26, 2015, respectively:

	As of December 26, 2015			As of September 26, 2015
Asset Derivatives	Location	Fair Value		Location	Fair Value
Derivatives not designated as hedging instruments:
Commodity-related derivatives	Other current assets	$	3,992	Other current assets	$	7,013
	Other assets		—	Other assets		485
		$	3,992		$	7,498

Liability Derivatives	Location	Fair Value		Location	Fair Value
Derivatives designated as hedging instruments:
Interest rate swap	Other current liabilities	$	792	Other current liabilities	$	1,112
	Other liabilities		10	Other liabilities		200
		$	802		$	1,312
Derivatives not designated as hedging instruments:
Commodity-related derivatives	Other current liabilities	$	809	Other current liabilities	$	—
	Other liabilities		—	Other liabilities		2,567
		$	809		$	2,567

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						Three Months Ended
	December 26, 2015						December 27, 2014
	Assets			Liabilities			Assets			Liabilities
Beginning balance of over-the-counter options	$	2,781		$	347		$	1,512		$	—
Beginning balance realized during the period		(820	)		(21	)		(304	)		—
Contracts purchased during the period		223			—			589			12
Change in the fair value of outstanding contracts		(38	)		(103	)		3,500			—
Ending balance of over-the-counter options	$	2,146		$	223		$	5,297		$	12

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 statements of operations and the condensed consolidated statements of comprehensive income, as applicable, for the three months ended December 26, 2015 and December 27, 2014 are as follows:

	Three Months Ended December 26, 2015						Three Months Ended December 27, 2014
			Gains (Losses) Reclassified from Accumulated OCI into Income							Gains (Losses) Reclassified from Accumulated OCI into Income
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	$	177	Interest expense	$	(333	)	$	(227	)	Interest expense	$	(357	)

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	$	(1,210	)				Cost of products sold	$	9,505

Fair value of the Partnership's recognized derivative assets and liabilities on a gross basis and amounts offset on the 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 26, 2015
						Net amounts
						presented in the
	Gross amounts		Effects of netting			balance sheet
Asset Derivatives
Commodity-related derivatives	$	6,004	$	(2,012	)	$	3,992
Interest rate swap		845		(845	)		—
	$	6,849	$	(2,857	)	$	3,992

Liability Derivatives
Commodity-related derivatives	$	2,821	$	(2,012	)	$	809
Interest rate swap		1,647		(845	)		802
	$	4,468	$	(2,857	)	$	1,611

	As of September 26, 2015
						Net amounts
						presented in the
	Gross amounts		Effects of netting			balance sheet
Asset Derivatives
Commodity-related derivatives	$	13,063	$	(5,565	)	$	7,498
Interest rate swap		740		(740	)		—
	$	13,803	$	(6,305	)	$	7,498

Liability Derivatives
Commodity-related derivatives	$	8,132	$	(5,565	)	$	2,567
Interest rate swap		2,052		(740	)		1,312
	$	10,184	$	(6,305	)	$	3,879

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
	December 26,		September 26,
	2015		2015
7.375% senior notes due August 1, 2021	$	334,929	$	363,922
5.5% senior notes due June 1, 2024		433,125		498,750
5.75% senior notes due March 1, 2025		221,500		241,250
	$	989,554	$	1,103,922