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Long-Term Debt (Tables)
12 Months Ended
Sep. 27, 2014
Long-Term Debt  
Outstanding long-term debt

Long-term debt outstanding consists of the following (in thousands) as of:

                                                                                                                                                                                    

 

 

September 27,
2014

 

September 28,
2013

 

Term loan A

 

 

158,438 

 

 

170,937 

 

Other

 

 

1,576 

 

 

2,213 

 

 

 

 

 

 

 

Total long-term debt

 

$

160,014 

 

$

173,150 

 

Less current portion

 

 

19,077 

 

 

12,929 

 

 

 

 

 

 

 

Long-term portion

 

$

140,937 

 

$

160,221 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt related derivative instruments

Below is a summary of the Company's derivative instruments in effect as of September 27, 2014 mitigating interest rate exposure of variable-rate borrowings (in thousands):

                                                                                                                                                                                    

Derivative Instrument

 

Hedged Transaction

 

Notional Amount of Underlying Debt

 

Fixed Rate Received

 

Maturity (Fiscal Year)

 

Swap

 

30-day Libor

 

 

30,000 

 

 

2.54 

%

 

2016 

 

Swap

 

30-day Libor

 

 

50,000 

 

 

2.54 

%

 

2016 

 

Swap

 

30-day Libor

 

 

20,000 

 

 

2.54 

%

 

2016 

 

Swap

 

30-day Libor

 

 

30,000 

 

 

2.54 

%

 

2016 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

130,000 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Maturities of long-term debt

Scheduled maturities of long-term debt are as follows (in thousands):

                                                                                                                                                                                    

Fiscal Year

 

 

 

2015

 

 

19,077 

 

2016

 

 

140,022 

 

2017

 

 

348 

 

2018

 

 

364 

 

2019

 

 

203 

 

 

 

 

 

 

 

$

160,014