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Financing (Tables)
 6 Months Ended
Apr. 01, 2017
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
Long-term debt consisted of the following:
(in thousands)
 
April 1,
2017
 
October 1,
2016
Long-term debt
 
 
 
 
Tranche B term loan, 1.00% amortizing per year, maturing July 5, 2023
 
$
457,700

 
$
460,000

Tangible equity units, 8.75% coupon, maturing July 1, 2019 1
 
20,788

 
24,985

Total long-term debt
 
478,488

 
484,985

Less: Unamortized underwriting discounts, commissions and other expenses
 
(15,249
)
 
(16,843
)
Less: Current maturities of long-term Tranche B term loan debt 2
 
(4,600
)
 
(4,600
)
Less: Current maturities of long-term TEU debt 2
 
(8,841
)
 
(8,541
)
Total long-term debt, less current maturities, net
 
$
449,798

 
$
455,001


1 
See Note 12 for more information on our TEUs issued in the third quarter of fiscal year 2016.

2 
Current maturities of long-term debt, net of $10,218 presented on our Consolidated Balance Sheet as of April 1, 2017, includes $4,600 of current maturities of long-term Tranche B term loan debt and $8,841 of current maturities of long-term TEU debt less $3,223 of unamortized underwriting discounts, commissions and issuance costs.
Schedule of Derivative Instruments
The interest rate swap will be reduced to the following values over the next five years:
(in thousands)
 
Swapped Value

November 3, 2016
 
$
275,000

October 3, 2017
 
255,000

October 3, 2018
 
225,000

October 3, 2019
 
180,000

October 3, 2020
 
125,000

April 3, 2021
 
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