Derivative Instruments (Tables)

9 Months Ended

Jun. 28, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)

The following table summarizes the net of tax effect of our derivatives designated as cash flow hedging instruments on Comprehensive Income (in thousands):



	Three Months Ended			Three Months Ended
	June 28, 2013			June 29, 2012
Interest rate swap agreements	$	5,297		$	(576	)
Cross currency swap agreements	(1,500		)	858
Natural gas hedge agreements	—			101
	$	3,797		$	383

	Nine Months Ended			Nine Months Ended
	June 28, 2013			June 29, 2012
Interest rate swap agreements	$	11,595		$	28,725
Cross currency swap agreements	1,145			5,336
Natural gas hedge agreements	—			40
	$	12,740		$	34,101

Schedule of Derivative Instruments, Balance Sheet Presentation

The following table summarizes the location and fair value, using Level 2 inputs, of the Company’s derivatives designated and not designated as hedging instruments in our Condensed Consolidated Balance Sheets (in thousands):



	Balance Sheet Location	June 28, 2013		September 28, 2012
ASSETS
Designated as hedging instruments:
Interest rate swap agreements	Other Assets	$	1,149	$	—
		1,149		—

Not designated as hedging instruments:
Foreign currency forward exchange contracts	Prepayments	1,186		251
Gasoline and diesel fuel agreements	Prepayments	144		696
		1,330		947
		$	2,479	$	947

LIABILITIES
Designated as hedging instruments:
Interest rate swap agreements	Accrued Expenses	$	6,739	$	—
Interest rate swap agreements	Other Noncurrent Liabilities	21,729		46,484
Cross currency swap agreements	Other Noncurrent Liabilities	14,541		45,406
		43,009		91,890

Not designated as hedging instruments:
Cross currency swap agreements	Accrued Expenses	12,096		—
		$	55,105	$	91,890

Schedule of Derivative Instruments, Gain (Loss) in Income Statement

The following table summarizes the location of (gain) loss reclassified from “Accumulated other comprehensive loss” into earnings for derivatives designated as hedging instruments and the location of (gain) loss from the derivatives not designated as hedging instruments in the Condensed Consolidated Statements of Income (in thousands):



		Three Months Ended			Three Months Ended
	Account	June 28, 2013			June 29, 2012
Designated as hedging instruments:
Interest rate swap agreements	Interest Expense	$	5,740		$	5,508
Cross currency swap agreements	Interest Expense	250			1,741
Natural gas hedge agreements	Cost of services provided	—			147
		$	5,990		$	7,396

Not designated as hedging instruments:
Cross currency swap agreements	Interest Expense	$	(2,429	)	$	—
Gasoline and diesel fuel agreements	Cost of services provided	250			2,419
Foreign currency forward exchange contracts	Interest Expense	1,764			(3,886		)
		$	(415	)	$	(1,467	)

		Nine Months Ended			Nine Months Ended
	Account	June 28, 2013			June 29, 2012
Designated as hedging instruments:
Interest rate swap agreements	Interest Expense	$	16,950		$	60,966
Cross currency swap agreements	Interest Expense	3,256			5,671
Natural gas hedge agreements	Cost of services provided	—			276
		$	20,206		$	66,913

Not designated as hedging instruments:
Cross currency swap agreements	Interest Expense	$	(1,408	)	$	—
Gasoline and diesel fuel agreements	Cost of services provided	119			1,416
Foreign currency forward exchange contracts	Interest Expense	(4,278		)	(2,146		)
		$	(5,567	)	$	(730	)

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References+ Details

ARAMARK CORP 10-Q