Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v3.5.0.2
Commitments and Contingencies (Tables)
 12 Months Ended
Oct. 01, 2016
Commitments and Contingencies Disclosure [Abstract]  
Minimum payments under purchase contracts
At October 1, 2016, minimum payments under these contracts were as follows (in thousands):
Yarn
$
13,823

Finished fabric
6,952

Finished products
22,130

 
$
42,905

Outstanding financial instruments
The following financial instruments were outstanding as of October 1, 2016:
 
Effective Date
 
Notational
Amount
 
LIBOR Rate
 
Maturity Date
Interest Rate Swap
September 9, 2013
 
$15 million
 
1.6480
%
 
September 11, 2017
Interest Rate Swap
September 19, 2013
 
$15 million
 
1.4490
%
 
September 19, 2017
Financial liabilities measure at fair value on a recurring basis
The following financial liabilities are measured at fair value on a recurring basis (in thousands):
 
Fair Value Measurements Using
Period Ended
Total
 
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Interest Rate Swap
 
 
 
 
 
 
 
October 1, 2016
$
(182
)
 
—

 
$
(182
)
 
—

October 3, 2015
$
(697
)
 
—

 
$
(697
)
 
—

September 27, 2014
$
(438
)
 
—

 
$
(438
)
 
—

 
 
 
 
 
 
 
 
Contingent Consideration
 
 
 
 
 
 
 
October 1, 2016
$
(2,500
)
 
—

 
—

 
$
(2,500
)
October 3, 2015
$
(3,100
)
 
—

 
—

 
$
(3,100
)
September 27, 2014
$
(3,600
)
 
—

 
—

 
$
(3,600
)
Summary of fair value and presentation in the consolidated balance sheets for derivatives
The following table summarizes the fair value and presentation in the Consolidated Balance Sheets for derivatives as of October 1, 2016, and October 3, 2015.
 
October 1,
2016
 
October 3,
2015
 
Accrued expenses
$
(182
)
 
$
(519
)
 
Deferred tax liabilities
70

 
269

 
Other liabilities
—

 
(179
)
 
Accumulated other comprehensive loss
$
(112
)
 
$
(429
)
 
Schedule of Future Minimum Payments
Future minimum lease payments under non-cancelable operating leases as of October 1, 2016, were as follows (in thousands):
Fiscal Year
Amount

2017
$
7,177

2018
6,595

2019
6,237

2020
5,897

2021
3,633

Thereafter
10,396

 
$
39,935

At October 1, 2016, based on minimum sales requirements, future minimum royalty payments required under these license agreements were as follows (in thousands):
Fiscal Year
Amount

2017
$
1,132

2018
178

2019
—

2020
—

2021 and thereafter
—

 
$
1,310