XML 56 R46.htm IDEA: XBRL DOCUMENT v3.7.0.1
DEBT (Details) - USD ($)
$ in Thousands
9 Months Ended
Jun. 27, 2014
Jun. 26, 2014
Jun. 30, 2017
Sep. 30, 2016
Feb. 13, 2012
Debt Instrument [Line Items]          
Discount on Long Term Debt - Prepaid Debt Cost     $ 504 $ 696  
Current portion of long-term debt     $ 9,844 7,656  
Credit Agreement [Member] | Revolving Credit Facility [Member]          
Debt Instrument [Line Items]          
Line of credit facility, borrowing capacity   $ 75,000      
Maturity date of credit facility   Feb. 13, 2017      
Credit Agreement [Member] | Term Loan [Member]          
Debt Instrument [Line Items]          
Face amount of debt   $ 157,500     $ 175,000
Amended Credit Agreement [Member]          
Debt Instrument [Line Items]          
Interest rate description     Borrowings under the amended Credit Facilities (other than in respect of swing-line loans) bear interest at a rate per annum equal to the “Applicable Rate” (as defined below) plus, at our option, either (1) a LIBOR rate determined by reference to the cost of funds for deposits in the relevant currency for the interest period relevant to such borrowing or (2) the “Base Rate”, which is the highest of (x) the prime rate of Bank of America, N.A., (y) the federal funds rate plus 1/2 of 1.00% and (z) the one-month LIBOR rate plus 1.00%. The current Applicable Rate for borrowings under the Credit Facilities is 1.50%, as amended, with respect to LIBOR borrowings and 0.25% with respect to Base Rate borrowings, with such Applicable Rate subject to adjustment based on our consolidated leverage ratio. Swing-line loans bear interest at the Base Rate plus the Applicable Rate for Base Rate loans under the Revolving Credit Facility.    
Covenant terms     The Credit Agreement contains covenants that restrict the ability of the Company and its subsidiaries to take certain actions, including, among other things and subject to certain significant exceptions: creating liens, incurring indebtedness, making investments, engaging in mergers, selling property, paying dividends or amending organizational documents. The Credit Agreement requires us to comply with certain financial ratio maintenance covenants. These include a maximum consolidated leverage ratio of 2.75 to 1.00 and a minimum consolidated fixed charge coverage ratio of 1.25 to 1.00 for the period January 1, 2016 through the expiration of the Credit Agreement. As of June 30, 2017, our consolidated leverage ratio was 0.97 to 1.00 and our consolidated fixed charge coverage ratio was 3.47 to 1.00. The Credit Agreement also contains customary affirmative covenants and events of default. We believe we are in compliance with these covenants.    
Consolidated leverage ratio     0.97    
Consolidated fixed charge coverage ratio     3.47    
Amended Credit Agreement [Member] | Minimum [Member]          
Debt Instrument [Line Items]          
Consolidated fixed charge coverage ratio     1.25    
Amended Credit Agreement [Member] | Maximum [Member]          
Debt Instrument [Line Items]          
Consolidated leverage ratio     2.75    
Amended Credit Agreement [Member] | Federal Funds Rate [Member]          
Debt Instrument [Line Items]          
Basis spread on variable rate     0.50%    
Amended Credit Agreement [Member] | LIBOR [Member]          
Debt Instrument [Line Items]          
Basis spread on variable rate     1.00%    
Current applicable rate     1.50%    
Amended Credit Agreement [Member] | Base Rate [Member]          
Debt Instrument [Line Items]          
Current applicable rate     0.25%    
Amended Credit Agreement [Member] | Revolving Credit Facility [Member]          
Debt Instrument [Line Items]          
Line of credit facility, borrowing capacity     $ 100,000    
Maturity date of credit facility     Jun. 27, 2019    
Interest rate description     In addition to paying interest on outstanding principal under the Credit Agreement, we pay a commitment fee to the lenders under the Revolving Credit Facility in respect of the unutilized commitments thereunder. As amended, the fee ranges from 0.20% to 0.30%, based on our consolidated leverage ratio.    
Amended Credit Agreement [Member] | Revolving Credit Facility [Member] | Minimum [Member]          
Debt Instrument [Line Items]          
Commitment fee percentage     0.20%    
Amended Credit Agreement [Member] | Revolving Credit Facility [Member] | Maximum [Member]          
Debt Instrument [Line Items]          
Commitment fee percentage     0.30%    
Amended Credit Agreement [Member] | Term Loan [Member]          
Debt Instrument [Line Items]          
Increase in loan commitments $ 17,500        
Amount drawn from increase in loan commitments 17,500        
Term loan commitments outstanding $ 175,000        
Discount on Long Term Debt - Prepaid Debt Cost     $ 504    
Fair value of debt     147,657    
Current portion of long-term debt     9,844    
Long-term Debt, by Maturity [Abstract]          
2018     14,219    
2019     133,438    
Long Term Debt     $ 147,657    
ASU 2015-03 [Member]          
New Accounting Pronouncements or Change in Accounting Principle [Line Items]          
Debt issuance costs, current       (261)  
Debt issuance costs, noncurrent       $ (435)