Fair Value Measurements (Tables)

6 Months Ended

Mar. 30, 2019

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:

	March 30, 2019
	Level 1		Level 2		Level 3		Total
Assets
Currency contracts 1	$	—	$	411	$	—	$	411
Interest rate swaps 2	—		3,684		—		3,684
Total assets	—		4,095		—		4,095
Liabilities
Currency contracts 1	—		78		—		78
Total liabilities	$	—	$	78	$	—	$	78

	September 29, 2018
	Level 1		Level 2		Level 3		Total
Assets
Currency contracts 1	$	—	$	1,080	$	—	$	1,080
Interest rate swaps 2	—		7,411		—		7,411
Total assets	—		8,491		—		8,491
Liabilities
Currency contracts 1	—		173		—		173
Total liabilities	$	—	$	173	$	—	$	173

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 8 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 8 for additional information on derivative financial instruments.

Schedule of Estimated Fair Values of Debt Instruments

The carrying amount and estimated fair values of our debt are as follows:

	March 30, 2019
	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Debt component of tangible equity units 1	$	2,472	$	2,939	$	—	$	2,939	$	—
Tranche B term loan 2	390,266		390,266		—		390,266		—
Total debt	$	392,738	$	393,205	$	—	$	393,205	$	—

	September 29, 2018
	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Debt component of tangible equity units 1	$	7,290	$	8,626	$	—	$	8,626	$	—
Tranche B term loan 2	391,416		395,330		—		395,330		—
Total debt	$	398,706	$	403,956	$	—	$	403,956	$	—

¹  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 13 for additional information on the TEUs.

²  The fair value of the tranche B term loan is based on the most recently quoted market price 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 9 for additional information on debt instruments.