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Financial Instruments and Risk Management (Tables)
12 Months Ended
Sep. 27, 2025
Fair Value Disclosures [Abstract]  
Fair value of the Partnership's derivative instruments and their location in the condensed consolidated balance sheets

The following summarizes the fair value of the Partnership’s derivative instruments and their location in the consolidated balance sheets as of September 27, 2025 and September 28, 2024, respectively:

 

 

 

As of September 27, 2025

 

 

As of September 28, 2024

 

Asset Derivatives

 

Location

 

Fair Value

 

 

Location

 

Fair Value

 

Derivatives not designated as hedging
   instruments:

 

 

 

 

 

 

 

 

 

 

Commodity-related derivatives

 

Other current assets

 

$

1,504

 

 

Other current assets

 

$

4,122

 

 

 

Other assets

 

 

102

 

 

Other assets

 

 

769

 

 

 

 

 

$

1,606

 

 

 

 

$

4,891

 

 

 

 

 

 

 

 

 

 

 

 

Liability Derivatives

 

Location

 

Fair Value

 

 

Location

 

Fair Value

 

Derivatives not designated as hedging
   instruments:

 

 

 

 

 

 

 

 

 

 

Commodity-related derivatives

 

Other current liabilities

 

$

1,883

 

 

Other current liabilities

 

$

5,744

 

 

 

Other liabilities

 

 

53

 

 

Other liabilities

 

 

 

 

 

 

 

$

1,936

 

 

 

 

$

5,744

 

Reconciliation of the beginning and ending balances of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs

The following summarizes the reconciliation of the beginning and ending balances of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs:

 

 

 

Fair Value Measurement Using Significant
Unobservable Inputs (Level 3)

 

 

 

Fiscal 2025

 

 

Fiscal 2024

 

 

 

Assets

 

 

Liabilities

 

 

Assets

 

 

Liabilities

 

Beginning balance of over-the-counter options

 

$

1,475

 

 

$

193

 

 

$

 

 

$

806

 

Beginning balance realized during the period

 

 

(1,475

)

 

 

(193

)

 

 

 

 

 

(806

)

Contracts purchased during the period

 

 

572

 

 

 

250

 

 

 

1,475

 

 

 

193

 

Change in the fair value of outstanding contracts

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance of over-the-counter options

 

$

572

 

 

$

250

 

 

$

1,475

 

 

$

193

 

Effect of the Partnership's derivative instruments on the condensed consolidated statements of operations

The effect of the Partnership’s derivative instruments on the consolidated statements of operations for fiscal 2025, 2024 and 2023 are as follows:

 

 

 

Unrealized Gains (Losses) Recognized in Income

 

Derivatives Not Designated as Hedging Instruments

 

Location

 

Amount

 

Commodity-related derivatives:

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2025

 

Cost of products sold

 

$

2,422

 

 

 

 

 

 

 

Fiscal 2024

 

Cost of products sold

 

$

(14,598

)

 

 

 

 

 

 

Fiscal 2023

 

Cost of products sold

 

$

(3,671

)

Fair value of the Partnership's recognized derivative assets and liabilities on a gross basis and amounts offset on the condensed consolidated balance sheets

The following table presents the fair value of the Partnership’s recognized derivative assets and liabilities on a gross basis and amounts offset on the consolidated balance sheets subject to enforceable master netting arrangements or similar agreements:

 

 

 

As of September 27, 2025

 

 

 

 

 

 

 

 

 

Net amounts

 

 

 

 

 

 

 

 

 

presented in the

 

 

 

Gross amounts

 

 

Effects of netting

 

 

balance sheet

 

Asset Derivatives

 

 

 

 

 

 

 

 

 

Commodity-related derivatives

 

$

4,213

 

 

$

(2,607

)

 

$

1,606

 

 

 

$

4,213

 

 

$

(2,607

)

 

$

1,606

 

 

 

 

 

 

 

 

 

 

 

Liability Derivatives

 

 

 

 

 

 

 

 

 

Commodity-related derivatives

 

$

4,543

 

 

$

(2,607

)

 

$

1,936

 

 

 

$

4,543

 

 

$

(2,607

)

 

$

1,936

 

 

 

 

As of September 28, 2024

 

 

 

 

 

 

 

 

 

Net amounts

 

 

 

 

 

 

 

 

 

presented in the

 

 

 

Gross amounts

 

 

Effects of netting

 

 

balance sheet

 

Asset Derivatives

 

 

 

 

 

 

 

 

 

Commodity-related derivatives

 

$

13,649

 

 

$

(8,758

)

 

$

4,891

 

 

 

$

13,649

 

 

$

(8,758

)

 

$

4,891

 

 

 

 

 

 

 

 

 

 

 

Liability Derivatives

 

 

 

 

 

 

 

 

 

Commodity-related derivatives

 

$

14,502

 

 

$

(8,758

)

 

$

5,744

 

 

 

$

14,502

 

 

$

(8,758

)

 

$

5,744