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Fair Value Measurements (Tables)
 9 Months Ended
Jul. 05, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Financial Assets And Liabilities Measured At Fair Value On Recurring Basis
The following table presents the financial assets and liabilities measured at fair value on a recurring basis (in thousands):
 
Total      
 
Quoted Prices
in Active
Markets for
Identical
Assets (3)
(Level 1)
 
Significant
Other
Observable
Inputs (3)
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Fair value measurements as of July 5, 2015:
 
 
 
 
 
 
 
Non-qualified deferred compensation plan (1)
$
(37,182
)
 
$
(37,182
)
 
$
—

 
$
—

Interest rate swaps (Note 6) (2) 
(11,932
)
 
—

 
(11,932
)
 
—

Total liabilities at fair value
$
(49,114
)
 
$
(37,182
)
 
$
(11,932
)
 
$
—

Fair value measurements as of September 28, 2014:
 
 
 
 
 
 
 
Non-qualified deferred compensation plan (1)
$
(35,602
)
 
$
(35,602
)
 
$
—

 
$
—

Interest rate swaps (Note 6) (2) 
(1,789
)
 
—

 
(1,789
)
 
—

Total liabilities at fair value
$
(37,391
)
 
$
(35,602
)
 
$
(1,789
)
 
$
—

 
____________________________
(1)
We maintain an unfunded defined contribution plan for key executives and other members of management excluded from participation in our qualified savings plan. The fair value of this obligation is based on the closing market prices of the participants’ elected investments.
(2)
We entered into interest rate swaps to reduce our exposure to rising interest rates on our variable debt. The fair values of our interest rate swaps are based upon Level 2 inputs which include valuation models as reported by our counterparties. The key inputs for the valuation models are quoted market prices, interest rates and forward yield curves.
(3)
We did not have any transfers in or out of Level 1, 2 or 3.
The fair values of our debt instruments are based on the amount of future cash flows associated with each instrument discounted using our borrowing rate. At July 5, 2015, the carrying value of all financial instruments was not materially different from fair value, as the borrowings are prepayable without penalty. The estimated fair values of our capital lease obligations approximated their carrying values as of July 5, 2015