Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v3.3.1.900
Commitments and Contingencies (Tables)
 12 Months Ended
Oct. 03, 2015
Commitments and Contingencies Disclosure [Abstract]  
Minimum payments under purchase contracts
At October 3, 2015, minimum payments under these contracts were as follows (in thousands):
Yarn
$
39,479

Natural Gas
328

Finished fabric
3,078

Finished products
19,862

 
$
62,747

Outstanding financial instruments
The following financial instruments were outstanding as of October 3, 2015:
 
Effective Date
 
Notational
Amount
 
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
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 3, 2015
$
(697
)
 
—

 
$
(697
)
 
—

September 27, 2014
$
(438
)
 
—

 
$
(438
)
 
—

September 28, 2013
$
(906
)
 
—

 
$
(906
)
 
—

June 29, 2013
$
(133
)
 
—

 
$
(133
)
 
—

 
 
 
 
 
 
 
 
Contingent Consideration
 
 
 
 
 
 
 
October 3, 2015
$
(3,100
)
 
—

 
—

 
$
(3,100
)
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 October 3, 2015, September 27, 2014, and September 28, 2013 (in thousands).
 
October 3,
2015
 
September 27,
2014
 
September 28,
2013
Accrued expenses
$
(184
)
 
$
—

 
$
(100
)
Deferred tax liabilities
269

 
168

 
349

Other liabilities
(514
)
 
(437
)
 
(806
)
Accumulated other comprehensive loss
$
(429
)
 
$
(269
)
 
$
(557
)
Schedule of Future Minimum Payments
Future minimum lease payments under non-cancelable operating leases as of October 3, 2015, were as follows (in thousands):
Fiscal Year
Amount

2016
$
7,736

2017
5,328

2018
2,737

2019
2,465

2020
2,193

Thereafter
48

 
$
20,507

At October 3, 2015, based on minimum sales requirements, future minimum royalty payments required under these license agreements were as follows (in thousands):
Fiscal Year
Amount

2016
$
522

2017
47

2018
5

2019
—

2020 and thereafter
—

 
$
574