XML 30 R18.htm IDEA: XBRL DOCUMENT v3.3.1.900
Fair Value Measurements
3 Months Ended
Dec. 27, 2015
Fair Value Measurements  
Fair Value Measurements

 

11.           Fair Value Measurements

 

The fair value of long-term debt was determined using the present value of future cash flows based on the borrowing rates currently available for debt with similar terms and maturities (Level 2 measurement, as described in “Critical Accounting Policies and Estimates” in our Annual Report on Form 10-K for the fiscal year ended September 27, 2015).  The carrying value of our long-term debt approximated fair value at December 27, 2015 and September 27, 2015.  As of December 27, 2015, we had borrowings of $189.6 million outstanding under our amended credit agreement, which were used to fund our business acquisitions, working capital needs, and contingent earn-outs.