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Distributions of Available Cash
12 Months Ended
Sep. 24, 2016
Distributions Made To Members Or Limited Partners [Abstract]  
Distributions of Available Cash

4.

Distributions of Available Cash

The Partnership makes distributions to its partners no later than 45 days after the end of each fiscal quarter in an aggregate amount equal to its Available Cash for such quarter.  Available Cash, as defined in the Partnership Agreement, generally means all cash on hand at the end of the respective fiscal quarter less the amount of cash reserves established by the Board of Supervisors in its reasonable discretion for future cash requirements.  These reserves are retained for the proper conduct of the Partnership’s business, the payment of debt principal and interest and for distributions during the next four quarters.

The following summarizes the quarterly distributions per Common Unit declared and paid in respect of each of the quarters in the three fiscal years in the period ended September 24, 2016:

 

 

 

Fiscal

 

 

Fiscal

 

 

Fiscal

 

 

 

2016

 

 

2015

 

 

2014

 

First Quarter

 

$

0.8875

 

 

$

0.8750

 

 

$

0.8750

 

Second Quarter

 

 

0.8875

 

 

 

0.8875

 

 

 

0.8750

 

Third Quarter

 

 

0.8875

 

 

 

0.8875

 

 

 

0.8750

 

Fourth Quarter

 

 

0.8875

 

 

 

0.8875

 

 

 

0.8750