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Financial Instruments and Risk Management (Tables) | 3 Months Ended
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Dec. 28, 2013
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 28, 2013 and September 28, 2013, respectively:
|  | As of December 28, 2013 |  |  | As of September 28, 2013 |
Asset Derivatives |  | Location |  |  | Fair Value |  |  | Location |  |  | Fair Value |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity-related derivatives |  | Other current assets |  |  | $ | 4,320 |  |  | Other current assets |  |  | $ | 2,546 |
|  | Other assets |  |  |  | - |  |  | Other assets |  |  |  | 716 |
|  |  |  |  |  | $ | 4,320 |  |  |  |  |  |  | $ | 3,262 |
Liability Derivatives |  | Location |  |  | Fair Value |  |  | Location |  |  | Fair Value |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swap |  | Other current liabilities |  |  | $ | 1,314 |  |  | Other current liabilities |  |  | $ | 1,307 |
|  | Other liabilities |  |  |  | 927 |  |  | Other liabilities |  |  |  | 1,121 |
|  |  |  |  |  | $ | 2,241 |  |  |  |  |  |  | $ | 2,428 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity-related derivatives |  | Other current liabilities |  |  | $ | 2,206 |  |  | Other current liabilities |  |  | $ | 430 |
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 December 28, 2013 |  |  | Three Months Ended December 29, 2012 |
|  | Assets |  |  | Liabilities |  |  | Assets |  |  | Liabilities |
Beginning balance of over-the-counter options |  | $ | 1,847 |  |  | $ | - |  |  | $ | 5,002 |  |  | $ | 1,209 |
Beginning balance realized during the period |  |  | (20 | ) |  |  | - |  |  |  | (2,195 | ) |  |  | (735 | )
Contracts purchased during the period |  |  | - |  |  |  | 401 |  |  |  | 368 |  |  |  | - |
Change in the fair value of beginning balance |  |  | 1,058 |  |  |  | - |  |  |  | (437 | ) |  |  | (250 | )
Ending balance of over-the-counter options |  | $ | 2,885 |  |  | $ | 401 |  |  | $ | 2,738 |  |  | $ | 224 |
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 and the condensed consolidated statement of comprehensive income, as applicable, for the three months ended December 28, 2013 and December 29, 2012 are as follows:
|  | Three months ended December 28, 2013 |  |  | Three months ended December 29, 2012 |
Derivatives in Cash Flow Hedging Relationships |  | Gains (Losses) Recognized in OCI |  | Gains (Losses) Reclassified from Accumulated OCI into Income |  |  | Gains (Losses) Recognized in OCI |  | Gains (Losses) Reclassified from Accumulated OCI into Income |
|  | (Effective Portion) |  | Location |  | Amount |  |  | (Effective Portion) |  | Location |  | Amount |
Interest rate swap |  | $ | (166 | ) | Interest expense |  | $ | (353 | ) |  | $ | (154 | ) | Interest expense |  | $ | (861 | )
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 |  | $ (290) |  |  |  |  |  | Cost of products sold |  | $ (3,614) |  |  |  |
Fair value of Partnership's recognized derivative assets and liabilities on a gross basis and amounts offset on condensed consolidated balance sheets | The following table presents the fair value of the Partnership’s recognized derivative assets and liabilities on a gross basis and amounts offset on the condensed consolidated balance sheets subject to enforceable master netting arrangements or similar agreements:
|  | As of December 28, 2013 |
|  | Gross amounts |  |  | Effects of netting |  |  | Net amounts presented in the balance sheet |
Asset Derivatives |  |  |  |  |  |  |  |  |
Commodity-related derivatives |  | $ | 6,367 |  |  | $ | (2,047 | ) |  | $ | 4,320 |
Interest rate swap |  |  | 2,617 |  |  |  | (2,617 | ) |  |  | - |
|  | $ | 8,984 |  |  | $ | (4,664 | ) |  | $ | 4,320 |
Liability Derivatives |  |  |  |  |  |  |  |  |  |  |  |
Commodity-related derivatives |  | $ | 4,253 |  |  | $ | (2,047 | ) |  | $ | 2,206 |
Interest rate swap |  |  | 4,858 |  |  |  | (2,617 | ) |  |  | 2,241 |
|  | $ | 9,111 |  |  | $ | (4,664 | ) |  | $ | 4,447 |
|  | As of September 28, 2013 |
|  | Gross amounts |  |  | Effects of netting |  |  | Net amounts presented in the balance sheet |
Asset Derivatives |  |  |  |  |  |  |  |  |  |  |  |
Commodity-related derivatives |  | $ | 3,634 |  |  | $ | (372 | ) |  | $ | 3,262 |
Interest rate swap |  |  | 2,804 |  |  |  | (2,804 | ) |  |  | - |
|  | $ | 6,438 |  |  | $ | (3,176 | ) |  | $ | 3,262 |
Liability Derivatives |  |  |  |  |  |  |  |  |  |  |  |
Commodity-related derivatives |  | $ | 802 |  |  | $ | (372 | ) |  | $ | 430 |
Interest rate swap |  |  | 5,232 |  |  |  | (2,804 | ) |  |  | 2,428 |
|  | $ | 6,034 |  |  | $ | (3,176 | ) |  | $ | 2,858 |
Fair value of the Partnership's 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 28, 2013 |  |  | September 28, 2013 |
7.5% senior notes due October 1, 2018 |  | $ | 532,458 |  |  | $ | 533,799 |
7.375% senior notes due March 15, 2020 |  |  | 268,750 |  |  |  | 268,125 |
7.375% senior notes due August 1, 2021 |  |  | 379,067 |  |  |  | 372,143 |
|  | $ | 1,180,275 |  |  | $ | 1,174,067 |

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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 (loss), 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, issues, 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 Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19279-110258 Reference 2: 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=25499696&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: 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=7476318&loc=SL5618551-113959 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=7476318&loc=SL5624171-113959 + Details
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