Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v3.10.0.1
Commitments and Contingencies (Tables)
12 Months Ended
Sep. 29, 2018
Commitments and Contingencies Disclosure [Abstract]  
Minimum payments under purchase contracts
At September 29, 2018, minimum payments under these contracts were as follows (in thousands):
Yarn
$
43,273

Finished fabric
4,577

Finished products
25,770

 
$
73,620

Outstanding financial instruments
The following financial instruments were outstanding as of September 29, 2018:
 
Effective Date
 
Notational
Amount
 
LIBOR Rate
 
Maturity Date
Interest Rate Swap
July 19, 2017
 
$10 million
 
1.74%
 
July 19, 2019
Interest Rate Swap
July 19, 2017
 
$10 million
 
1.99%
 
May 10, 2021
Interest Rate Swap
July 25, 2018
 
$20 million
 
3.18%
 
July 25, 2023
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
 
 
 
 
 
 
 
September 29, 2018
$
183

 

 
$
183

 

September 30, 2017
$
(56
)
 

 
$
(56
)
 

 
 
 
 
 
 
 
 
Cotton Options
 
 
 
 
 
 
 
September 29, 2018
$
(110
)
 
(110
)
 

 
$

September 30, 2017
$
(125
)
 
(125
)
 

 
$

 
 
 
 
 
 
 
 
Contingent Consideration
 
 
 
 
 
 
 
September 29, 2018
$
(10,542
)
 

 

 
$
(10,542
)
September 30, 2017
$
(1,600
)
 

 

 
$
(1,600
)
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 September 29, 2018, and September 30, 2017.
 
September 29, 2018
 
September 30, 2017
Other assets
$
182

 
$

Deferred tax liabilities
(46
)
 
21

Other liabilities

 
(56
)
Accumulated other comprehensive loss
$
136

 
$
(35
)