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Fair Value Measurements (Tables)
 9 Months Ended
Jun. 29, 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:
 
 
June 29, 2019
 
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets
 
 
 
 
 
 
 
 
Currency contracts 1
 
$
—

 
$
350

 
$
—

 
$
350

Interest rate swap 2
 
—

 
1,664

 
—

 
1,664

Total assets
 
—

 
2,014

 
—

 
2,014

 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
Currency contracts 1
 
—

 
490

 
—

 
490

Total liabilities
 
$
—

 
$
490

 
$
—

 
$
490

 
 
September 29, 2018
 
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets
 
 
 
 
 
 
 
 
Currency contracts 1
 
$
—

 
$
1,080

 
$
—

 
$
1,080

Interest rate swap 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:
 
 
June 29, 2019
 
 
Carrying
Value
 
Fair Value
 
Level 1
 
Level 2
 
Level 3
Debt component of tangible equity units 1
 
$
2,472

 
$
2,871

 
$
—

 
$
2,871

 
$
—

Tranche B term loan 2
 
387,966

 
388,936

 
—

 
388,936

 
—

Total debt
 
$
390,438

 
$
391,807

 
$
—

 
$
391,807

 
$
—

 
 
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 12 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.