Derivative Financial Instruments (Tables)

3 Months Ended

Dec. 26, 2015

Derivative Financial Instruments

Summary of fair value of derivatives

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

	December 26, 2015		September 26, 2015		Balance Sheet Classification
Derivatives designated as cash flow hedges:
Foreign currency forward contracts	$	774	$	533	Other current assets
Derivatives not designated as hedges:
Cross currency swap	12,257		10,863		Other current assets
Total	$	13,031	$	11,396

Schedule of offsetting of financial assets and derivative assets

Offsetting of financial assets and derivative assets as of December 26, 2015 and September 26, 2015 is as follows (in thousands):

	Gross		Gross amounts offset in the		Net amount of assets presented in the		Gross amounts not offset in the Unaudited Consolidated Balance Sheet
	amounts of recognized assets		Unaudited Consolidated Balance Sheet		Unaudited Consolidated Balance Sheet		Financial instruments		Cash collateral received		Net amount
Derivative assets, as of December 26,2015	$	13,031	$	—	$	13,031	$	—	$	—	$	13,031
Derivative assets, as of September 26, 2015	11,396		—		11,396		—		—		11,396

Summary of gain (loss), pre-tax, arising during the period on financial instruments that qualify for hedge accounting included in OCI

The following table summarizes the amount of unrealized gain (loss), pre-tax, arising during the period on financial instruments that qualify for hedge accounting included in OCI (in thousands):

	Thirteen weeks ended
	December 26, 2015		December 27, 2014
Cash Flow Hedges:
Interest rate swaps	$	—	$	689
Coffee futures	—		(1,172		)
Foreign currency forward contracts	599		77
Total	$	599	$	(406	)

Summary of gain (loss), pre-tax, reclassified from OCI to income

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

	Thirteen weeks ended					Location of Gains
	December 26,		December 27,			(Losses) Reclassified
	2015		2014			from OCI into Income
Coffee futures	$	540	$	624		Cost of sales
Foreign currency forward contracts	321		(59		)	Cost of sales
Total	$	861	$	565

Summary of gain (loss), pre-tax, representing ineffectiveness on cash flow hedges recorded in income

The following table summarizes the amount of net gains (losses), pre-tax, representing ineffectiveness on cash flow hedges recorded in income (in thousands):

	Thirteen weeks ended				Location of Net Gains (losses) in
	December 26, 2015		December 27, 2014		Unaudited Consolidated  Statements of Operations
Coffee futures	$	—	$	94	Cost of sales

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

Net (losses) gains on financial instruments not designated as hedges for accounting purposes are as follows (in thousands):

	Thirteen weeks ended				Location of Net Gain in
	December 26, 2015		December 27, 2014		Unaudited Consolidated Statements of Operations
Net gain on cross currency swap	$	1,395	$	3,345	Gain on financial instruments, net
Total	$	1,395	$	3,345