Financial Instruments and Risk Management (Tables)

9 Months Ended

Jun. 25, 2016

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 June 25, 2016 and September 26, 2015, respectively:

	As of June 25, 2016			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	$	2,223	Other current assets	$	7,013
	Other assets		1,533	Other assets		485
		$	3,756		$	7,498

Liability Derivatives	Location	Fair Value		Location	Fair Value
Derivatives designated as hedging instruments:
Interest rate swap	Other current liabilities	$	514	Other current liabilities	$	1,112
	Other liabilities		—	Other liabilities		200
		$	514		$	1,312
Derivatives not designated as hedging instruments:
Commodity-related derivatives	Other current liabilities	$	2,042	Other current liabilities	$	—
	Other liabilities		480	Other liabilities		2,567
		$	2,522		$	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)
	Nine Months Ended						Nine Months Ended
	June 25, 2016						June 27, 2015
	Assets			Liabilities			Assets			Liabilities
Beginning balance of over-the-counter options	$	2,781		$	347		$	1,512		$	—
Beginning balance realized during the period		(2,546	)		(275	)		(1,325	)		—
Contracts purchased during the period		762			—			1,499			265
Change in the fair value of outstanding contracts		(234	)		(72	)		1,741			—
Ending balance of over-the-counter options	$	763		$	—		$	3,427		$	265

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 and nine months ended June 25, 2016 and June 27, 2015 are as follows:

	Three Months Ended June 25, 2016							Three Months Ended June 27, 2015
				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	$	(107	)	Interest expense	$	(252	)	$	(128	)	Interest expense	$	(342	)

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	$	(56	)				Cost of products sold	$	(37	)

	Nine Months Ended June 25, 2016							Nine Months Ended June 27, 2015
				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	$	(47	)	Interest expense	$	(844	)	$	(855	)	Interest expense	$	(1,043	)

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	$	(2,005	)				Cost of products sold	$	2,035

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 June 25, 2016							As of September 26, 2015
						Net amounts							Net amounts
						presented in the							presented in the
	Gross amounts		Effects of netting			balance sheet		Gross amounts		Effects of netting			balance sheet
Asset Derivatives
Commodity-related derivatives	$	5,312	$	(1,556	)	$	3,756	$	13,063	$	(5,565	)	$	7,498
Interest rate swap		331		(331	)		—		740		(740	)		—
	$	5,643	$	(1,887	)	$	3,756	$	13,803	$	(6,305	)	$	7,498

Liability Derivatives
Commodity-related derivatives	$	4,078	$	(1,556	)	$	2,522	$	8,132	$	(5,565	)	$	2,567
Interest rate swap		845		(331	)		514		2,052		(740	)		1,312
	$	4,923	$	(1,887	)	$	3,036	$	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 in Note 8) of the Partnership are as follows:

	As of
	June 25,		September 26,
	2016		2015
7.375% senior notes due August 1, 2021	$	360,460	$	363,922
5.5% senior notes due June 1, 2024		521,063		498,750
5.75% senior notes due March 1, 2025		248,750		241,250
	$	1,130,273	$	1,103,922