XML 17 R25.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Financial Instruments and Risk Management (Tables) | 3 Months Ended
--- | ---
Dec. 29, 2012
Financial Instruments and Risk Management [Abstract] |
Fair value of the Partnership's derivative instruments and their location in the condensed consolidated balance sheet | The following summarizes the gross fair value of the Partnership's derivative instruments and their location in the condensed consolidated balance sheet as of December 29, 2012 and September 29, 2012, respectively:
| As of December 29, 2012 |  | As of September 29, 2012 |
Asset Derivatives | Location |  | Fair Value |  | Location |  | Fair Value |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |
Commodity-related derivatives | Other current assets |  | $ | 2,670 |  | Other current assets |  | $ | 4,523 |
| Other assets |  |  | 167 |  | Other assets |  |  | 610 |
|  |  | $ | 2,837 |  |  |  | $ | 5,133 |
Liability Derivatives | Location |  | Fair Value |  | Location |  | Fair Value |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |
Interest rate swaps | Other current liabilities |  | $ | 2,040 |  | Other current liabilities |  | $ | 2,430 |
| Other liabilities |  |  | 2,730 |  | Other liabilities |  |  | 3,047 |
|  |  | $ | 4,770 |  |  |  | $ | 5,477 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |
Commodity-related derivatives | Other current liabilities |  | $ | 7,983 |  | Other current liabilities |  | $ | 8,720 |
| Other liabilities |  |  | 97 |  | Other liabilities |  |  | 22 |
|  |  | $ | 8,080 |  |  |  | $ | 8,742 |
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) |
|  | Three Months Ended |  |  | Three Months Ended |
|  | December 29, 2012 |  |  | December 24, 2011 |
|  | Assets |  |  | Liabilities |  |  | Assets |  |  | Liabilities |
Beginning balance of over-the-counter options |  | $ | 5,002 |  |  | $ | 1,209 |  |  | $ | 1,780 |  |  | $ | 118 |
Beginning balance realized during the period |  |  | (2,195 | ) |  |  | (735 | ) |  |  | (54 | ) |  |  | - |
Contracts purchased during the period |  |  | 368 |  |  |  | - |  |  |  | 181 |  |  |  | - |
Change in the fair value of beginning balance |  |  | (437 | ) |  |  | (250 | ) |  |  | (508 | ) |  |  | (30 | )
Ending balance of over-the-counter options |  | $ | 2,738 |  |  | $ | 224 |  |  | $ | 1,399 |  |  | $ | 88 |
Effect of the Partnership's derivative instruments on the condensed consolidated statements of operations | The effect of the Partnership's derivative instruments on the condensed consolidated statement of operations for the three months ended December 29, 2012 and December 24, 2011 are as follows:
|  | Three months ended December 29, 2012 |  |  | Three months ended December 24, 2011 |
Derivatives in Cash Flow Hedging Relationships |  | Gains (Losses) Recognized in OCI (Effective Portion) |  | Gains (Losses) Reclassified from Accumulated OCI into Income |  |  | Gains (Losses) Recognized in OCI (Effective Portion) |  | Gains (Losses) Reclassified from Accumulated OCI into Income |
Location |  | Amount | Location |  | Amount |
Interest rate swap |  | $ | (154 | ) | Interest expense |  | $ | (861 | ) |  | $ | 317 |  | Interest expense |  | $ | (695 | )
|  | $ | (154 | ) |  |  | $ | (861 | ) |  | $ | 317 |  |  |  | $ | (695 | )
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 |
Commodity-related derivatives | Cost of products sold |  | $ | (3,614 | ) | Cost of products sold |  | $ | (1,048 | )
|  |  | $ | (3,614 | ) |  |  | $ | (1,048 | )
Fair value of the Partnership's Senior Notes | Bank Debt and Senior Notes. The fair value of the borrowings under the Revolving Credit Facility (defined below) approximates the carrying value since the interest rates are periodically adjusted to reflect market conditions. Based upon quoted market prices (a Level 1 input), the fair value of the Senior Notes (defined below) of the Partnership are as follows:
|  | As of |
|  | December 29, |  |  | September 29, |
|  | 2012 |  |  | 2012 |
7.5% senior notes due October 1, 2018 |  | $ | 538,764 |  |  | $ | 531,316 |
7.375% senior notes due March 15, 2020 |  |  | 271,250 |  |  |  | 272,500 |
7.375% senior notes due August 1, 2021 |  |  | 551,270 |  |  |  | 542,460 |
|  | $ | 1,361,284 |  |  | $ | 1,346,276 |

X
- Definition Tabular disclosure of fair value of Senior Notes. + References No definition available. + Details
Name: | sph_FairValueOfSeniorNotesTableTextBlock
Namespace Prefix: | sph_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration