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Fair Value Measurements (Tables)
 9 Months Ended
Jul. 01, 2017
Fair Value Disclosures [Abstract]  
Financial Assets And Liabilities Subject To Fair Value Measurements On A Recurring Basis
Financial assets and liabilities subject to fair value measurements on a recurring basis are as follows:
 
 
July 1, 2017
(in thousands)
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets
 
 
 
 
 
 
 
 
Currency contracts 1
 
$
—

 
$
101

 
$
—

 
$
101

Interest rate swaps 2
 
—

 
3,491

 
—

 
3,491

Total assets
 
$
—

 
$
3,592

 
$
—

 
$
3,592

 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
Currency contracts 1
 
$
—

 
$
382

 
$
—

 
$
382

Total liabilities
 
$
—

 
$
382

 
$
—

 
$
382


 
 
October 1, 2016
(in thousands)
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets
 
 
 
 
 
 
 
 
Currency contracts 1
 
$
—

 
$
149

 
$
—

 
$
149

Total assets
 
$
—

 
$
149

 
$
—

 
$
149

 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
Currency contracts 1
 
$
—

 
$
711

 
$
—

 
$
711

Total liabilities
 
$
—

 
$
711

 
$
—

 
$
711


 
1 
Based on observable market transactions of spot currency rates and forward currency rates on equivalently-termed instruments. Carrying amounts of the financial assets and liabilities are equal to the fair value. See Note 7 for additional information on derivative financial instruments.

2 
Based on London Interbank Offered Rate (LIBOR) and spot rates. Carrying amount of the financial asset is equal to the fair value. See Note 7 for additional information on derivative financial instruments.
Schedule of Estimated Fair Values of Debt Instruments
The carrying amount and estimated fair value of our debt are as follows:
 
 
July 1, 2017
(in thousands)
 
Carrying
Value
 
Fair Value
 
Level 1
 
Level 2
 
Level 3
Debt component of tangible equity units 3
 
$
18,634

 
$
22,514

 
$
—

 
$
22,514

 
$
—

Tranche B term loan 4
 
456,550

 
458,239

 
—

 
458,239

 
—

Total debt
 
$
475,184

 
$
480,753

 
$
—

 
$
480,753

 
$
—


 
 
October 1, 2016
(in thousands)
 
Carrying
Value
 
Fair Value
 
Level 1
 
Level 2
 
Level 3
Debt component of tangible equity units 3
 
$
24,985

 
$
28,080

 
$
—

 
$
28,080

 
$
—

Tranche B term loan 4
 
460,000

 
465,465

 
—

 
465,465

 
—

Total debt
 
$
484,985

 
$
493,545

 
$
—

 
$
493,545

 
$
—



3 
The fair value of the 8.75% tangible equity units (TEUs) is based on the most recently quoted price for the outstanding securities, adjusted for any known significant deviations in value. The estimated fair value of these long-term obligations is not necessarily indicative of the amount that would be realized in a current market exchange. See Note 12 for additional information on the TEUs.

4 
The fair value of the tranche B term loan is based on the most recently quoted prices for the outstanding debt instrument, adjusted for any known significant deviations in value. The estimated fair value of the debt obligation is not necessarily indicative of the amount that would be realized in a current market exchange. See Note 8 for additional information on debt instruments.