XML 62 R24.htm IDEA: XBRL DOCUMENT v3.3.0.814
Fair Value Measurements
12 Months Ended
Sep. 27, 2015
Fair Value Measurements  
Fair Value Measurements

 

16.         Fair Value Measurements

              Derivative Instruments.    For additional information about our derivative financial instruments (see Note 2, "Basis of Presentation and Preparation" and Note 14, "Derivative Financial Instruments" for more information).

              Contingent Consideration.    We measure our contingent earn-out liabilities at fair value on a recurring basis (see Note 2, "Basis of Presentation and Preparation" and Note 5, "Mergers and Acquisitions" for further information).

              Debt.    The fair value of long-term debt was determined using the present value of future cash flows based on the borrowing rates currently available for debt with similar terms and maturities (Level 2 measurement, as described in "Critical Accounting Policies and Estimates"). The carrying value of our long-term debt approximated fair value at September 27, 2015 and September 28, 2014. For fiscal 2015, we had borrowings of $192.2 million outstanding under our Credit Agreement, which were used to fund our business acquisitions, working capital needs and contingent earn-outs (see Note 9, "Long-Term Debt" for more information).