Quarterly report pursuant to Section 13 or 15(d)

Derivatives and Fair Value Measurements (Tables)

Derivatives and Fair Value Measurements (Tables)

6 Months Ended

Mar. 29, 2014

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

Financial liabilities measure at fair value on a recurring basis

The following financial assets (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
March 29, 2014	$	(641	)	—		$	(641	)	—
September 28, 2013	$	(906	)	—		$	(906	)	—

Cotton Options
March 29, 2014	$	652		$	652	—			—
September 28, 2013	—			—		—			—

Contingent Consideration
March 29, 2014	$	(3,525	)	—		—			$	(3,525	)
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 related to our interest swap agreements as of March 29, 2014, and June 29, 2013.



	March 29, 2014			September 28, 2013
Accrued expenses	$	(36	)	$	(100	)
Deferred tax liabilities	247			349
Other liabilities	(605		)	(806		)
Accumulated other comprehensive loss	$	(394	)	$	(557	)

- Definition

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

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