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Fair Value
 12 Months Ended
Sep. 29, 2012
Fair Value Disclosures [Abstract]  
Fair Value
Fair Value
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Depending on the nature of the asset or liability, various techniques and assumptions can be used to estimate fair value. The definition of the fair value hierarchy is as follows:
Level 1 – Quoted prices in active markets for identical assets and liabilities.
Level 2 – Observable inputs other than quoted prices in active markets for similar assets and liabilities.
Level 3 – Inputs for which significant valuation assumptions are unobservable in a market and therefore value is based on the best available data, some of which is internally developed and considers risk premiums that a market participant would require.
The following table presents the fair values and classification of our financial assets and liabilities measured on a recurring basis as of September 29, 2012:
 
Classification
Level 1
 
Level 2
 
Level 3
 
Total
Foreign currency forwards
Other current assets
$
—

 
$
1,923

 
$
—

 
$
1,923

Foreign currency forwards
Other assets
—

 
32

 
—

 
32

 
Total assets
$
—

 
$
1,955

 
$
—

 
$
1,955

Foreign currency forwards
Other accrued liabilities
$
—

 
$
2,590

 
$
—

 
$
2,590

Foreign currency forwards
Other long-term liabilities
—

 
40

 
—

 
40

Acquisition contingent consideration
Other accrued liabilities
—

 
—

 
5,211

 
5,211

Acquisition contingent consideration
Other long-term liabilities
—

 
—

 
1,211

 
1,211

 
Total liabilities
$
—

 
$
2,630

 
$
6,422

 
$
9,052


The changes in financial liabilities classified as Level 3 within the fair value hierarchy are as follows:
 
 
2012
 
2011
Balance at beginning of year
 
$
1,990

 
$
3,112

Additions from acquisitions
 
4,809

 
—

Increase in discounted future cash flows recorded as interest expense
 
287

 
483

Decrease in earn out provisions recorded as other income
 
(645
)
 
(1,585
)
Settlements paid in cash
 
(19
)
 
(20
)
Balance at end of year
 
$
6,422

 
$
1,990