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Common Unit Repurchase Plans and Retirement | 12 Months Ended
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Sep. 30, 2013
Common Unit Repurchase Plans and Retirement | 4) Common Unit Repurchase Plans and Retirement In fiscal 2010, the Partnership concluded its Plan I common units repurchase program and retired at an average price paid of $4.04 per unit, all 7.5 million common units authorized for repurchase. In fiscal 2012, the Partnership concluded its Plan II common units repurchase program and retired at an average price paid of $4.94 per unit, all 7.25 million common units authorized for repurchase. In July 2012, the Board authorized the repurchase of up to 3.0 million of the Partnership’s common units (“Plan III”). In July 2013, the Board authorized an additional 1.9 million common units to be repurchased under its Plan III common unit repurchase plan. The authorized common unit repurchases may be made from time-to-time in the open market, in privately negotiated transactions or in such other manner deemed appropriate by management. There is no guarantee of the exact number of units that will be purchased under the program and the Partnership may discontinue purchases at any time. The program does not have a time limit. In June 2013, the Board authorized the repurchase of 1.15 million additional common units in a private transaction. The Partnership’s repurchase activities take into account SEC safe harbor rules and guidance for issuer repurchases. All of the common units purchased in the repurchase program will be retired. The Partnership must maintain Availability (as defined in the revolving credit facility agreement) of $61.3 million, 17.5% of the maximum facility size of $350 million (assuming a seasonal advance of $100 million is outstanding) on a historical pro forma and forward-looking basis, and a fixed charge coverage ratio of not less than 1.15 in order to repurchase common units.
(in thousands, except per unit amounts) |  |  |  |  |  |  |  |  |
Period |  | Total Number of Units Purchased as Part of a Publicly Announced Plan or Program |  |  | Average Price Paid per Unit (a) |  |  | Maximum Number of Units that May Yet Be Purchased Under the Program |
Plan III - Number of units authorized |  |  |  |  |  |  |  |  |  |  | 4,894 |
Private transaction - Number of units authorized (b) |  |  |  |  |  |  |  |  |  |  | 1,150 |
|  |  |  |  |  |  |  |  |  |  | 6,044 |
Plan III - Fiscal year 2012 total |  |  | 22 |  |  | $ | 4.26 |  |  |  | 6,022 |
Plan III - First quarter fiscal year 2013 total |  |  | 1,015 |  |  | $ | 4.18 |  |  |  | 5,007 |
Plan III - Second quarter fiscal year 2013 total |  |  | 310 |  |  | $ | 4.36 |  |  |  | 4,697 |
Plan III - Third quarter fiscal year 2013 total (b) |  |  | 1,697 |  |  | $ | 4.92 |  |  |  | 3,000 |
Plan III - July 2013 |  |  | — |  |  | $ | — |  |  |  | 3,000 |
Plan III - August 2013 |  |  | 120 |  |  | $ | 4.87 |  |  |  | 2,880 |
Plan III - September 2013 |  |  | 142 |  |  | $ | 4.84 |  |  |  | 2,738 |
Plan III - Fourth quarter fiscal year 2013 total |  |  | 262 |  |  | $ | 4.85 |  |  |  | 2,738 |
Plan III - Fiscal year 2013 total |  |  | 3,284 |  |  | $ | 4.63 |  |  |  | 2,738 |
(a) | Amounts include repurchase costs.
(b) | Third quarter fiscal 2013 common unit repurchases include 1.15 million common units acquired in a private transaction.

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- Definition The entire disclosure for the formation, structure, control and ownership of the partnership. Disclosures related to accounts comprising partners' capital. Includes balances of general partners' capital account, limited partners' capital account, preferred partners' capital account and total partners' capital account and units outstanding; accumulated other comprehensive income; amount and nature of changes to amount of partner's capital and units outstanding by class, rights and privileges for each class of units; distribution policies and distributions paid by unit class; impact of and correction of an error in previously issued financial statements; limitations of partners' liability; redemption, conversion and distribution policies; and deferred compensation related to the issuance of units. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 272 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6373374&loc=d3e70478-108055 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 272 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6373374&loc=d3e70434-108055 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 5 -Subparagraph (SAB TOPIC 4.F) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187171-122770 + Details
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