Quarterly report pursuant to Section 13 or 15(d)

Derivatives and Fair Value Measurements (Tables)

v2.4.0.8
Derivatives and Fair Value Measurements (Tables)
3 Months Ended
Dec. 28, 2013
Fair Value Disclosures [Abstract]  
Outstanding financial instruments
These financial instruments are not used for trading or speculative purposes.

 
Effective Date
 
Notational
Amount
 
Fixed LIBOR Rate
 
Maturity Date
Interest Rate Swap
September 9, 2013
 
$15 million
 
1.1700
%
 
September 9, 2016
Interest Rate Swap
September 9, 2013
 
$15 million
 
1.6480
%
 
September 11, 2017
Interest Rate Swap
September 19, 2013
 
$15 million
 
1.0030
%
 
September 19, 2016
Interest Rate Swap
September 19, 2013
 
$15 million
 
1.4490
%
 
September 19, 2017
Interest Rate Swap
September 1, 2011
 
$10 million
 
1.0700
%
 
September 1, 2014
Interest Rate Swap
September 1, 2011
 
$10 million
 
0.9025
%
 
March 1, 2014
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 Swaps
 
 
 
 
 
 
 
December 28, 2013
$
767

 

 
$
767

 

September 28, 2013
$
906

 

 
$
906

 

 
 
 
 
 
 
 
 
Contingent Consideration
 
 
 
 
 
 
 
December 28, 2013
$
3,400

 

 

 
$
3,400

September 28, 2013
$
3,400

 

 

 
$
3,400

Summary of fair value and presentation in the consolidated balance sheets for derivatives
The following table summarizes the fair value and presentation in the Condensed Consolidated Balance Sheets for derivatives as of December 28, 2013, and June 29, 2013.
 
December 28,
2013
 
September 28,
2013
Accrued expenses
$
67

 
$
100

Deferred tax liabilities
(295
)
 
(349
)
Other liabilities
700

 
806

Accumulated other comprehensive loss
$
472

 
$
557