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Interest Rate Exchange Agreements Level 1 (Notes) | 12 Months Ended
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Sep. 25, 2011
Interest Rate Exchange Agreements [Abstract] |
Schedule of Interest Rate Derivatives [Table Text Block] |
5 | INTEREST RATE EXCHANGE AGREEMENTS
Our interest rate exchange agreements at September 27, 2009 consisted of the following:
(Thousands of Dollars) |  |  |  |  |
Notional Amount | Start Date | Maturity Date | Rate(s) |  | Fair Value |
VARIABLE TO FIXED RATE SWAPS |  |  |  |
50,000 | November 30, 2005 | November 30, 2009 | 4.315 |  | (514 | )
50,000 | November 30, 2005 | November 30, 2009 | 4.325 |  | (501 | )
25,000 | November 30, 2005 | November 30, 2010 | 4.395 |  | (1,177 | )
125,000 |  |  |  |  | (2,192 | )
INTEREST RATE COLLARS |  |  |  |
75,000 | November 30, 2007 | November 30, 2009 | 3.53-5.00 |  | (618 | )
75,000 | November 30, 2007 | November 30, 2009 | 3.61-5.00 |  | (635 | )
150,000 |  |  |  |  | (1,253 | )
At September 27, 2009, we recorded a liability of $3,445,000 related to the fair value of such instruments. In 2009, we marked all interest rate change agreements to market, which resulted in recognition of interest expense of $268,000. In November 2009, we terminated the $25,000,000 interest rate swap maturing in November 2010. We paid $1,243,000 to the counterparty in settlement and recognized a loss of $713,000. Since November 30, 2009, the full amount of the outstanding balance under the Credit Agreement has been subject to floating interest rates as all interest rate swaps and collars expired or were terminated at or prior to that date. At September 25, 2011, approximately 86% of the principal amount of our debt is subject to floating interest rates.

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- Definition Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Topic 815 -SubTopic 10 -Publisher FASB -Number -Article -Subparagraph -Name Accounting Standards Codification -Paragraph 4C -Section 50 -URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5624171-113959 + Details
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