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Derivative Instruments
 6 Months Ended
Apr. 13, 2014
Derivative Instruments and Hedges, Assets [Abstract]  
Derivative Instruments
DERIVATIVE INSTRUMENTS
Objectives and strategies — We are exposed to interest rate volatility with regard to our variable rate debt. To reduce our exposure to rising interest rates, in August 2010, we entered into two interest rate swap agreements that effectively convert $100.0 million of our variable rate term loan borrowings to a fixed-rate basis from September 2011 through September 2014. These agreements have been designated as cash flow hedges.
Financial position — The following derivative instruments were outstanding as of the end of each period (in thousands):

 
April 13, 2014
 
September 29, 2013
 
Balance
Sheet
Location
 
Fair
Value
 
Balance
Sheet
Location
 
Fair
Value
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
Interest rate swaps (Note 5)
Accrued
liabilities
 
$
(527
)
 
Accrued
liabilities
 
$
(1,190
)
Total derivatives
 
 
$
(527
)
 
 
 
$
(1,190
)

Financial performance — The following is a summary of the accumulated other comprehensive income (“OCI”) activity related to our interest rate swap derivative instruments (in thousands):
 
Location of Loss in Income
 
Quarter
 
Year-to-Date
 
 
April 13,
2014
 
April 14,
2013
 
April 13,
2014
 
April 14,
2013
Losses recognized in OCI
N/A
 
$
(31
)
 
$
(94
)
 
$
(85
)
 
$
(90
)
Losses reclassified from accumulated OCI into income
Interest
expense, 
net
 
$
(322
)
 
$
(311
)
 
$
(748
)
 
$
(724
)
Amounts reclassified from accumulated OCI into interest expense represent payments made to the counterparty for the effective portions of the interest rate swaps. During the periods presented, our interest rate swaps had no hedge ineffectiveness.