Derivative Financial Instruments (Tables)

6 Months Ended

Mar. 30, 2013

Derivative Financial Instruments

Summary of fair value of derivatives included on Consolidated Balance Sheets

The following table summarizes the fair value of the Company’s derivatives included on the Unaudited Consolidated Balance Sheets (in thousands):

	March 30, 2013			September 29, 2012			Balance Sheet Classification
Derivatives designated as hedges:
Cash Flow Hedges:
Interest rate swaps	$	(7,349	)	$	(9,019	)	Other current liabilities
Coffee futures	(114		)	(342		)	Other current liabilities
	$	(7,463	)	$	(9,361	)
Derivatives not designated as hedges:
Cross currency swap	$	(2,667	)	$	(7,242	)	Other current liabilities
	$	(2,667	)	$	(7,242	)
Total	$	(10,130	)	$	(16,603	)

Summary of gain (loss), gross of tax, on financial instruments that qualify for hedge accounting included in OCI

The following table summarizes the amount of gain (loss), gross of tax, on financial instruments that qualify for hedge accounting included in OCI (in thousands):

	Thirteen weeks ended						Twenty-six weeks ended
	March 30, 2013			March 24, 2012			March 30, 2013			March 24, 2012
Cash Flow Hedges:
Interest rate swaps	$	638		$	(80	)	$	1,670		$	1,486
Coffee futures	(50		)	(1,779		)	(948		)	(2,216		)
Total	$	588		$	(1,859	)	$	722		$	(730	)

Summary of losses, gross of tax, reclassified from OCI to income

The following table summarizes the amount of losses, gross of tax, reclassified from OCI to income (in thousands):

	Thirteen weeks ended						Twenty-six weeks ended
	March 30, 2013			March 24, 2012			March 30, 2013			March 24, 2012			Location of Losses Reclassified from OCI into Income
Coffee Futures	$	(379	)	$	(85	)	$	(728	)	$	(334	)	Cost of sales
Total	$	(379	)	$	(85	)	$	(728	)	$	(334	)

Summarizes the amount of gain (loss), gross of tax, on fair value hedges and related hedged items

The following table summarizes the amount of gain (loss), gross of tax, on fair value hedges and related hedged items for the thirteen weeks ended March 30, 2013 and March 24, 2012 (in thousands):

	Thirteen weeks ended
	March 30, 2013					March 24, 2012
	Gain (loss) on hedging derivatives			Gain (loss) on hedged items		Gain (loss) on hedging derivatives		Gain (loss) on hedged items		Location of Gain (Loss) Recognized in Income on Derivative
Foreign currency forwards contracts	$	(10	)	$	10	$	—	$	—	(Loss) gain on foreign currency, net

The following table summarizes the amount of gain (loss), gross of tax, on fair value hedges and related hedged items for the twenty-six weeks ended March 30, 2013 and March 24, 2012 (in thousands):

	Twenty-six weeks ended
	March 30, 2013					March 24, 2012
	Gain (loss) on hedging derivatives			Gain (loss) on hedged items		Gain (loss) on hedging derivatives			Gain (loss) on hedged items		Location of Gain (Loss) Recognized in Income on Derivative
Foreign currency forwards contracts	$	(10	)	$	10	$	(29	)	$	29	(Loss) gain on foreign currency, net

Schedule of net gains (losses) on financial instruments not designated as hedges for accounting purposes recorded in gain (loss) on financial instruments

Net gains (losses) on financial instruments not designated as hedges for accounting purposes recorded in gain (loss) on financial instruments, net, is as follows (in thousands):

	Thirteen weeks ended					Twenty-six weeks ended
	March 30, 2013		March 24, 2012			March 30, 2013		March 24, 2012
Net gain (loss) on cross currency swap	$	3,471	$	(2,076	)	$	4,575	$	(3,213	)
Net gain on interest rate cap	—		(36		)	—		(33		)
Total	$	3,471	$	(2,112	)	$	4,575	$	(3,246	)