Financing (Tables)

9 Months Ended

Jul. 01, 2017

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Long-term debt consisted of the following:

(in thousands)	July 1, 2017			October 1, 2016
Long-term debt
Tranche B term loan, 1.00% amortizing per year, maturing July 5, 2023	$	456,550		$	460,000
Tangible equity units, 8.75% coupon, maturing July 1, 2019 1	18,634			24,985
Capital lease obligations	2,391			—
Total long-term debt	477,575			484,985
Less: Unamortized underwriting discounts, commissions and other expenses	(14,124		)	(16,843		)
Less: Current maturities of Tranche B term loan debt 2	(13,600		)	(4,600		)
Less: Current maturities of TEU debt 2	(8,996		)	(8,541		)
Less: Current maturities of capital lease obligations	(455		)	—
Total long-term debt, less current maturities, net	$	440,400		$	455,001

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

²  Current maturities of long-term debt, net of $19,523 presented on our Consolidated Balance Sheet as of July 1, 2017, consisted of $13,600 of current maturities of tranche B term loan debt, including 1% annual payments and an estimate of the required annual Excess Cash Flow payment, $8,996 of current maturities of TEU debt and $455 of current maturities of capital lease obligations, less $3,528 of unamortized underwriting discounts, commissions and issuance costs.

Schedule of Derivative Instruments

The interest rate swap will be reduced to the following notional amounts over the next five years:

(in thousands)	Notional Amount
October 3, 2017	$	255,000
October 3, 2018	225,000
October 3, 2019	180,000
October 3, 2020	125,000
April 3, 2021	—