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Financial Instruments and Risk Management (Tables) | 6 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 24, 2012 | Sep. 24, 2011
Financial Instruments and Risk Management [Abstract] |  |
Fair value of the Partnership's derivative instruments and their location in the condensed consolidated balance | The following summarizes the gross fair value of the Partnership's derivative instruments and their location in the condensed consolidated balance sheet as of March 24, 2012 and September 24, 2011, respectively:
|  | As of March 24, 2012 |  |  | As of September 24, 2011 |
Asset Derivatives |  | Location |  | Fair Value |  |  | Location |  | Fair Value |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |
Commodity options |  | Other current assets |  | $ | 1,083 |  |  | Other current assets |  | $ | 3,710 |
|  | Other assets |  |  | - |  |  | Other assets |  |  | 612 |
Commodity futures |  | Other current assets |  |  | 199 |  |  | Other current assets |  |  | 1,132 |
|  |  |  | $ | 1,282 |  |  |  |  | $ | 5,454 |
Liability Derivatives |  | Location |  | Fair Value |  |  | Location |  | Fair Value |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | Other current liabilities |  | $ | 2,638 |  |  | Other current liabilities |  | $ | 2,662 |
|  | Other liabilities |  |  | 999 |  |  | Other liabilities |  |  | 1,934 |
|  |  |  | $ | 3,637 |  |  |  |  | $ | 4,596 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |
Commodity options |  | Other current liabilities |  | $ | 31 |  |  | Other current liabilities |  | $ | 2,407 |
|  | Other liabilities |  |  | - |  |  | Other liabilities |  |  | 69 |
|  |  |  | $ | 31 |  |  |  |  | $ | 2,476 |
| The following summarizes the fair value of the Partnership's derivative instruments and their location in the consolidated balance sheet as of September 24, 2011 and September 25, 2010, respectively:
| As of September 24, 2011 |  | As of September 25, 2010 |
Asset Derivatives | Location |  | Fair Value |  | Location |  | Fair Value |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |
Commodity options | Other current assets |  | $ | 3,710 |  | Other current assets |  | $ | 2,601 |
| Other assets |  |  | 612 |  | Other assets |  |  | - |
Commodity futures | Other current assets |  |  | 1,132 |  | Other current assets |  |  | 22 |
|  |  | $ | 5,454 |  |  |  | $ | 2,623 |
Liability Derivatives | Location |  | Fair Value |  | Location |  | Fair Value |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |
Interest rate swaps | Other current liabilities |  | $ | 2,662 |  | Other current liabilities |  | $ | 2,740 |
| Other liabilities |  |  | 1,934 |  | Other liabilities |  |  | 3,561 |
|  |  | $ | 4,596 |  |  |  | $ | 6,301 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |
Commodity options | Other current liabilities |  | $ | 2,407 |  | Other current liabilities |  | $ | 641 |
| Other liabilities |  |  | 69 |  | Other liabilities |  |  | - |
Commodity futures | Other current liabilities |  |  | - |  | Other current liabilities |  |  | 1,838 |
|  |  | $ | 2,476 |  |  |  | $ | 2,479 |
Reconciliation of the beginning and ending balances of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs | The following summarizes the reconciliation of the beginning and ending balances of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs:
|  | Fair Value Measurement Using Significant Unobservable Inputs (Level 3) |
|  | Six Months Ended March 24, 2012 |  |  | Six Months Ended March 26, 2011 |
|  | Assets |  |  | Liabilities |  |  | Assets |  |  | Liabilities |
Opening balance of over-the-counter options |  | $ | 1,780 |  |  | $ | 118 |  |  | $ | 1,509 |  |  | $ | 29 |
Beginning balance realized during the period |  |  | (398 | ) |  |  | - |  |  |  | (833 | ) |  |  | (11 | )
Contracts purchased during the period |  |  | 330 |  |  |  | - |  |  |  | 475 |  |  |  | - |
Change in the fair value of beginning balance |  |  | (770 | ) |  |  | (97 | ) |  |  | (41 | ) |  |  | (18 | )
Closing balance of over-the-counter options |  | $ | 942 |  |  | $ | 21 |  |  | $ | 1,110 |  |  | $ | - |
| The following summarizes the reconciliation of the beginning and ending balances of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs:
|  | Fair Value Measurement Using Significant Unobservable Inputs (Level 3) |
|  | Fiscal 2011 |  |  | Fiscal 2010 |
|  | Assets |  |  | Liabilities |  |  | Assets |  |  | Liabilities |
Beginning balance of over-the-counter options |  | $ | 1,509 |  |  | $ | 30 |  |  | $ | 1,675 |  |  | $ | 844 |
Beginning balance realized during the period |  |  | (1,509 | ) |  |  | (30 | ) |  |  | (1,434 | ) |  |  | (844 | )
Change in the fair value of beginning balance |  |  | - |  |  |  | - |  |  |  | (241 | ) |  |  | - |
Contracts purchased during the period |  |  | 1,780 |  |  |  | 118 |  |  |  | 1,509 |  |  |  | 30 |
Ending balance of over-the-counter options |  | $ | 1,780 |  |  | $ | 118 |  |  | $ | 1,509 |  |  | $ | 30 |
Effect of the Partnership's derivative instruments on the condensed consolidated statement of operations | The effect of the Partnership's derivative instruments on the condensed consolidated statements of operations for the three and six months ended March 24, 2012 and March 26, 2011 are as follows:
|  | Three months ended March 24, 2012 |  |  | Three months ended March 26, 2011 |
Derivatives in Cash Flow Hedging Relationships |  | Gains (Losses) Recognized in OCI (Effective Portion) |  |  | Gains (Losses) Reclassified from Accumulated OCI into Income (Effective Portion) |  |  | Gains (Losses) Recognized in OCI (Effective Portion) |  |  | Gains (Losses) Reclassified from Accumulated OCI into Income (Effective Portion) |
|  | Location |  |  | Amount |  |  |  | Location |  |  | Amount |
Interest rate swap |  | $ | (695 | ) |  |  | Interest expense |  |  | $ | (642 | ) |  | $ | (352 | ) |  |  | Interest expense |  |  | $ | (704 | )
|  | $ | (695 | ) |  |  |  |  |  | $ | (642 | ) |  | $ | (352 | ) |  |  |  |  |  | $ | (704 | )
Derivatives Not Designated as Hedging Instruments |  | Location of Gains (Losses) Recognized in Income |  |  | Amount of Unrealized Gains (Losses) Recognized in Income |  |  |  |  |  | Location of Gains (Losses) Recognized in Income |  |  | Amount of Unrealized Gains (Losses) Recognized in Income |  |  |  |
Options |  |  | Cost of products sold |  |  | $ | (653 | ) |  |  |  |  |  |  | Cost of products sold |  |  | $ | 766 |  |  |  |  |
Futures |  |  | Cost of products sold |  |  |  | 653 |  |  |  |  |  |  |  | Cost of products sold |  |  |  | 3,357 |  |  |  |  |
|  |  |  |  |  | $ | - |  |  |  |  |  |  |  |  |  |  | $ | 4,123 |  |  |  |  |
|  | Six months ended March 24, 2012 |  |  | Six months ended March 26, 2011 |
Derivatives in Cash Flow Hedging Relationships |  | Gains (Losses) Recognized in OCI (Effective Portion) |  |  | Gains (Losses) Reclassified from Accumulated OCI into Income (Effective Portion) |  |  | Gains (Losses) Recognized in OCI (Effective Portion) |  |  | Gains (Losses) Reclassified from Accumulated OCI into Income (Effective Portion) |
|  | Location |  |  | Amount |  |  |  | Location |  |  | Amount |
Interest rate swap |  | $ | (378 | ) |  |  | Interest expense |  |  | $ | (1,338 | ) |  | $ | 226 |  |  |  | Interest expense |  |  | $ | (1,428 | )
|  | $ | (378 | ) |  |  |  |  |  | $ | (1,338 | ) |  | $ | 226 |  |  |  |  |  |  | $ | (1,428 | )
Derivatives Not Designated as Hedging Instruments |  | Location of Gains (Losses) Recognized in Income |  |  | Amount of Unrealized Gains (Losses) Recognized in Income |  |  |  |  |  | Location of Gains (Losses) Recognized in Income |  |  | Amount of Unrealized Gains (Losses) Recognized in Income |  |  |  |
Options |  |  | Cost of products sold |  |  | $ | (115 | ) |  |  |  |  |  |  | Cost of products sold |  |  | $ | 799 |  |  |  |  |
Futures |  |  | Cost of products sold |  |  |  | (933 | ) |  |  |  |  |  |  | Cost of products sold |  |  |  | 1,751 |  |  |  |  |
|  |  |  |  |  | $ | (1,048 | ) |  |  |  |  |  |  |  |  |  | $ | 2,550 |  |  |  |  |
| The effect of the Partnership's derivative instruments on the consolidated statement of operations for fiscal 2011, 2010 and 2009 are as follows:
|  | Amount of Gains (Losses) Recognized in OCI (Effective Portion) |  | Gains (Losses) Reclassified from Accumulated OCI into Income (Effective Portion) |
Derivatives in Cash Flow Hedging Relationships: |  |  |  | Location |  | Amount |
Fiscal 2011 |  |  |  |  |  |  |
Interest rate swap |  | $ | (1,177 | ) | Interest expense |  | $ | (2,881 | )
Fiscal 2010 |  |  |  |  |  |  |  |  |
Interest rate swap |  | $ | (5,706 | ) | Interest expense |  | $ | (3,597 | )
Fiscal 2009 |  |  |  |  |  |  |  |  |
Interest rate swap |  | $ | (4,079 | ) | Interest expense |  | $ | (3,088 | )
Derivatives Not Designated as Hedging Instruments: | Location of Gains (Losses) Recognized in Income |  | Amount of Unrealized Gains (Losses) Recognized in Income |
Fiscal 2011 |  |  |  |
Options | Cost of products sold |  | $ | (1,517 | )
Futures | Cost of products sold |  |  | 2,948 |
|  |  | $ | 1,431 |
Fiscal 2010 |  |  |  |  |
Options | Cost of products sold |  | $ | (1,275 | )
Futures | Cost of products sold |  |  | (4,125 | )
|  |  | $ | (5,400 | )
Fiscal 2009 |  |  |  |  |
Options | Cost of products sold |  | $ | (589 | )
Futures | Cost of products sold |  |  | 2,302 |
|  |  | $ | 1,713 |

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- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income, and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issuances, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 -Subparagraph c -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19279-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 205G -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5624171-113959 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5618551-113959 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 44C -Subparagraph b -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5624163-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 205G -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 44C -Subparagraph a -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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