Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v2.4.0.8
Commitments and Contingencies (Tables)
 12 Months Ended
Sep. 27, 2014
Commitments and Contingencies Disclosure [Abstract]  
Minimum payments under purchase contracts
At September 27, 2014, minimum payments under these contracts were as follows (in thousands):
Yarn
$
12,555

Natural Gas
14

Finished fabric
2,880

Finished products
22,378

 
$
37,827

Outstanding financial instruments
The following financial instruments were outstanding as of September 27, 2014:
 
Effective Date
 
Notational
Amount
 
LIBOR Rate
 
Maturity Date
Interest Rate Swap
9/9/2013
 
$15 million
 
1.1700
%
 
9/9/2016
Interest Rate Swap
9/9/2013
 
$15 million
 
1.6480
%
 
9/11/2017
Interest Rate Swap
9/19/2013
 
$15 million
 
1.0030
%
 
9/19/2016
Interest Rate Swap
9/19/2013
 
$15 million
 
1.4490
%
 
9/19/2017
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
 
 
 
 
 
 
 
September 27, 2014
$
(438
)
 
—

 
$
(438
)
 
—

September 28, 2013
$
(906
)
 
—

 
$
(906
)
 
—

June 29, 2013
$
(133
)
 
—

 
$
(133
)
 
—

June 30, 2012
$
(209
)
 
—

 
$
(209
)
 
—

 
 
 
 
 
 
 
 
Contingent Consideration
 
 
 
 
 
 
 
September 27, 2014
$
(3,600
)
 
—

 
—

 
$
(3,600
)
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 Consolidated Balance Sheets for derivatives as of September 27, 2014, September 28, 2013, and June 29, 2013 (in thousands).
 
September 27,
2014
 
September 28,
2013
 
June 29,
2013
Accrued expenses
$
—

 
$
(100
)
 
$
(49
)
Deferred tax liabilities
168

 
349

 
51

Other liabilities
(437
)
 
(806
)
 
(84
)
Accumulated other comprehensive loss
$
(269
)
 
$
(557
)
 
$
(82
)
Schedule of Future Minimum Payments
Future minimum lease payments under non-cancelable operating leases as of September 27, 2014, were as follows (in thousands):
Fiscal Year
Amount

2015
$
7,993

2016
6,901

2017
4,860

2018
3,197

2019
1,608

Thereafter
1,183

 
$
25,742

At September 27, 2014, based on minimum sales requirements, future minimum royalty payments required under these license agreements were as follows (in thousands):
Fiscal Year
Amount

2015
$
1,606

2016
2,645

2017
121

2018
4

2019 and thereafter
—

 
$
4,376