Document_And_Entity_Informatio
Document And Entity Information (USD $) | 12 Months Ended | ||
In Millions, except Share data, unless otherwise specified | Oct. 03, 2014 | Nov. 28, 2014 | Mar. 28, 2014 |
Document And Entity Information [Abstract] | ' | ' | ' |
Document Type | '10-K | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Period End Date | 3-Oct-14 | ' | ' |
Document Fiscal Year Focus | '2014 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Entity Registrant Name | 'Aramark | ' | ' |
Entity Central Index Key | '0001584509 | ' | ' |
Entity Filer Category | 'Non-accelerated Filer | ' | ' |
Current Fiscal Year End Date | '--10-03 | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 234,462,317 | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Entity Public Float | ' | ' | $1,443.90 |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Oct. 03, 2014 | Sep. 27, 2013 |
In Thousands, unless otherwise specified | ||
Current Assets: | ' | ' |
Cash and cash equivalents | $111,690 | $110,998 |
Receivables (less allowances: 2014 - $37,381; 2013 - $34,676) | 1,582,431 | 1,405,843 |
Inventories | 553,815 | 541,972 |
Prepayments and other current assets | 217,040 | 228,352 |
Total current assets | 2,464,976 | 2,287,165 |
Property and Equipment, at cost: | ' | ' |
Land, buildings and improvements | 610,569 | 611,591 |
Service equipment and fixtures | 1,745,146 | 1,642,395 |
Property and Equipment, gross | 2,355,715 | 2,253,986 |
Less - Accumulated depreciation | -1,358,384 | -1,276,663 |
Property and Equipment, net | 997,331 | 977,323 |
Goodwill | 4,589,680 | 4,619,987 |
Other Intangible Assets | 1,252,741 | 1,408,764 |
Other Assets | 1,150,965 | 973,867 |
Assets | 10,455,693 | 10,267,106 |
Current Liabilities: | ' | ' |
Current maturities of long-term borrowings | 89,805 | 65,841 |
Accounts payable | 986,240 | 888,969 |
Accrued payroll and related expenses | 532,160 | 555,894 |
Accrued expenses and other current liabilities | 770,668 | 878,549 |
Total current liabilities | 2,378,873 | 2,389,253 |
Long-Term Borrowings | 5,355,789 | 5,758,229 |
Deferred Income Taxes and Other Noncurrent Liabilities | 993,118 | 1,047,002 |
Common Stock Subject to Repurchase and Other | 9,877 | 168,915 |
Stockholders' Equity: | ' | ' |
Common stock, par value $.01 (authorized: 600,000,000 shares; issued: 2014—256,086,839 shares and 2013—219,585,247; and outstanding: 2014—233,910,487 and 2013—201,798,518) | 2,561 | 2,194 |
Capital surplus | 2,575,011 | 1,693,663 |
Accumulated deficit | -382,463 | -479,233 |
Accumulated other comprehensive loss | -106,298 | -59,225 |
Treasury stock (shares held in treasury: 2014—22,176,352 shares and 2013—17,786,729) | -370,775 | -253,692 |
Total stockholders' equity | 1,718,036 | 903,707 |
Liabilities and Stockholders’ Equity | $10,455,693 | $10,267,106 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Oct. 03, 2014 | Sep. 27, 2013 |
In Thousands, except Share data, unless otherwise specified | ||
Statement of Financial Position [Abstract] | ' | ' |
Allowance for Doubtful Accounts | $37,381 | $34,676 |
Common stock, par value (in dollars per share) | $0.01 | $0.01 |
Common stock, shares authorized (in shares) | 600,000,000 | 600,000,000 |
Common stock, shares issued (in shares) | 256,086,839 | 219,585,247 |
Common stock, shares outstanding (in shares) | 233,910,487 | 201,798,518 |
Treasury Stock, Shares (in shares) | 22,176,352 | 17,786,729 |
Consolidated_Statements_Of_Inc
Consolidated Statements Of Income (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 |
Income Statement [Abstract] | ' | ' | ' |
Sales | $14,832,913 | $13,945,657 | $13,505,426 |
Costs and Expenses: | ' | ' | ' |
Cost of services provided | 13,363,918 | 12,661,145 | 12,191,419 |
Depreciation and amortization | 521,581 | 542,136 | 529,213 |
Selling and general corporate expenses | 382,851 | 227,902 | 203,019 |
Total Costs and Expenses | 14,268,350 | 13,431,183 | 12,923,651 |
Operating income | 564,563 | 514,474 | 581,775 |
Interest and Other Financing Costs, net | 334,886 | 423,845 | 456,807 |
Income from Continuing Operations Before Income Taxes | 229,677 | 90,629 | 124,968 |
Provision for Income Taxes | 80,218 | 19,233 | 18,066 |
Income from Continuing Operations | 149,459 | 71,396 | 106,902 |
Income (loss) from Discontinued Operations, net of tax | 0 | -1,030 | 297 |
Net income | 149,459 | 70,366 | 107,199 |
Less: Net income attributable to noncontrolling interests | 503 | 1,010 | 3,648 |
Net income attributable to Aramark stockholders | $148,956 | $69,356 | $103,551 |
Basic: | ' | ' | ' |
Income from Continuing Operations (in dollars per share) | $0.66 | $0.35 | $0.51 |
Income (loss) from Discontinued Operations (in dollars per share) | $0 | ($0.01) | $0 |
Earnings Per Share, Basic (in dollars per share) | $0.66 | $0.34 | $0.51 |
Diluted: | ' | ' | ' |
Income from Continuing Operations (in dollars per share) | $0.63 | $0.34 | $0.49 |
Income (loss) from Discontinued Operations (in dollars per share) | $0 | ($0.01) | $0 |
Earnings Per Share, Diluted (in dollars per share) | $0.63 | $0.33 | $0.49 |
Weighted Average Shares Outstanding, Basic (in shares) | 225,866 | 201,916 | 203,211 |
Weighted Average Shares Outstanding, Diluted (in shares) | 237,451 | 209,370 | 209,707 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' |
Net income | $149,459 | $70,366 | $107,199 |
Other comprehensive income (loss), net of tax: | ' | ' | ' |
Pension plan adjustments | -13,596 | 19,745 | -16,208 |
Foreign currency translation adjustments | -31,281 | -17,142 | -4,368 |
Cash flow hedges: | ' | ' | ' |
(Losses) on cash flow hedges | -17,626 | -5,281 | -18,091 |
Reclassification adjustments | 15,430 | 14,393 | 53,067 |
Share of equity investee's comprehensive income (loss) | 0 | 2,805 | -10,800 |
Other comprehensive income (loss), net of tax | -47,073 | 14,520 | 3,600 |
Comprehensive income | 102,386 | 84,886 | 110,799 |
Less: Net income attributable to noncontrolling interests | 503 | 1,010 | 3,648 |
Comprehensive income attributable to Aramark stockholders | $101,883 | $83,876 | $107,151 |
Consolidated_Statements_Of_Cas
Consolidated Statements Of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 |
Cash flows from operating activities: | ' | ' | ' |
Net income | $149,459 | $70,366 | $107,199 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
Depreciation and amortization | 521,581 | 542,136 | 529,213 |
Income taxes deferred | 37,372 | -17,791 | -66,613 |
Share-based compensation expense | 96,332 | 19,417 | 15,678 |
Changes in noncash working capital: | ' | ' | ' |
Receivables | -226,756 | -108,583 | -45,190 |
Inventories | -19,810 | -34,950 | -50,324 |
Prepayments | -77,609 | -49,224 | 38,267 |
Accounts payable | 9,657 | 74,462 | 83,981 |
Accrued expenses | -113,193 | 161,441 | 16,495 |
Changes in other noncurrent liabilities | -9,034 | -26,506 | 4,569 |
Changes in other assets | 10,123 | 30,581 | 43,038 |
Other operating activities | 20,037 | 34,558 | 15,448 |
Net cash provided by operating activities | 398,159 | 695,907 | 691,761 |
Cash flows from investing activities: | ' | ' | ' |
Purchases of property and equipment, client contract investments and other | -545,194 | -392,932 | -354,542 |
Disposals of property and equipment | 28,494 | 11,298 | 11,666 |
Proceeds from divestitures | 24,000 | 919 | 6,479 |
Acquisition of certain businesses: | ' | ' | ' |
Working capital other than cash acquired | -540 | -547 | -8,415 |
Property and equipment | -6,681 | -183 | -18,905 |
Additions to goodwill, other intangible assets and other assets, net | -14,235 | -21,836 | -124,427 |
Other investing activities | 8,934 | 17,893 | 6,568 |
Net cash used in investing activities | -505,222 | -385,388 | -481,576 |
Cash flows from financing activities: | ' | ' | ' |
Proceeds from long-term borrowings | 1,570,818 | 3,080,464 | 3,449 |
Payments of long-term borrowings | -1,978,606 | -3,314,853 | -288,940 |
Net change in funding under the Receivables Facility | 50,000 | 36,200 | 37,895 |
Payments of dividends | -52,186 | 0 | 0 |
Proceeds from initial public offering, net | 524,081 | 0 | 0 |
Proceeds from issuance of common stock | 4,408 | 5,597 | 11,258 |
Distribution in connection with spin-off of Seamless | 0 | -47,352 | 0 |
Repurchase of common stock | -4,730 | -42,399 | -37,704 |
Other financing activities | -6,030 | -53,926 | -12,785 |
Net cash provided by (used in) financing activities | 107,755 | -336,269 | -286,827 |
Increase (decrease) in cash and cash equivalents | 692 | -25,750 | -76,642 |
Cash and cash equivalents, beginning of period | 110,998 | 136,748 | 213,390 |
Cash and cash equivalents, end of period | $111,690 | $110,998 | $136,748 |
Consolidated_Statements_of_Sto
Consolidated Statements of Stockholders' Equity (USD $) | Total | Total Aramark Stockholders’ Equity [Member] | Common Stock [Member] | Capital Surplus [Member] | Accumulated Deficit [Member] | Accumulated Other Comprehensive Loss [Member] | Treasury Stock [Member] | Noncontrolling Interest [Member] |
In Thousands, unless otherwise specified | ||||||||
Balance Beginning at Sep. 30, 2011 | $882,465 | $850,686 | $2,123 | $1,593,711 | ($548,030) | ($77,345) | ($119,773) | $31,779 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | 106,076 | 103,551 | ' | ' | 103,551 | ' | ' | 2,525 |
Other comprehensive income (loss) | 3,600 | 3,600 | ' | ' | ' | 3,600 | ' | ' |
Capital contributions from issuance of common stock | 31,636 | 31,636 | 36 | 31,600 | ' | ' | ' | ' |
Compensation expense related to stock incentive plans | 15,678 | 15,678 | ' | 15,678 | ' | ' | ' | ' |
Tax benefits related to stock incentive plans | 4,539 | 4,539 | ' | 4,539 | ' | ' | ' | ' |
Decrease (Increase) in common stock subject to repurchase obligation, net | -9,400 | -9,400 | ' | -9,400 | ' | ' | ' | ' |
Repurchases of common stock | -67,273 | -67,273 | ' | ' | ' | ' | -67,273 | ' |
Distributions to noncontrolling interest | -457 | 0 | ' | ' | ' | ' | ' | -457 |
Balance Ending at Sep. 28, 2012 | 966,864 | 933,017 | 2,159 | 1,636,128 | -444,479 | -73,745 | -187,046 | 33,847 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | 69,572 | 69,356 | ' | ' | 69,356 | ' | ' | 216 |
Other comprehensive income (loss) | 14,520 | 14,520 | ' | ' | ' | 14,520 | ' | ' |
Capital contributions from issuance of common stock | 24,559 | 24,559 | 35 | 24,524 | ' | ' | ' | ' |
Compensation expense related to stock incentive plans | 19,417 | 19,417 | ' | 19,417 | ' | ' | ' | ' |
Tax benefits related to stock incentive plans | 4,841 | 4,841 | ' | 4,841 | ' | ' | ' | ' |
Decrease (Increase) in common stock subject to repurchase obligation, net | 8,753 | 8,753 | ' | 8,753 | ' | ' | ' | ' |
Repurchases of common stock | -66,646 | -66,646 | ' | ' | ' | ' | -66,646 | ' |
Distributions of Seamless | 138,173 | 104,110 | ' | ' | -104,110 | ' | ' | 34,063 |
Balance Ending at Sep. 27, 2013 | 903,707 | 903,707 | 2,194 | 1,693,663 | -479,233 | -59,225 | -253,692 | 0 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | 148,956 | ' | ' | ' | 148,956 | ' | ' | ' |
Other comprehensive income (loss) | -47,073 | ' | ' | ' | ' | -47,073 | ' | ' |
Capital contributions from issuance of common stock | 62,087 | ' | 87 | 62,000 | ' | ' | ' | ' |
Capital contributions from initial public offering | 524,081 | ' | 280 | 523,801 | ' | ' | ' | ' |
Compensation expense related to stock incentive plans | 96,332 | ' | ' | 96,332 | ' | ' | ' | ' |
Tax benefits related to stock incentive plans | 40,507 | ' | ' | 40,507 | ' | ' | ' | ' |
Decrease (Increase) in common stock subject to repurchase obligation, net | 158,708 | ' | ' | 158,708 | ' | ' | ' | ' |
Repurchases of common stock | -117,083 | ' | ' | ' | ' | ' | -117,083 | ' |
Payments of dividends | 52,186 | ' | ' | ' | 52,186 | ' | ' | ' |
Balance Ending at Oct. 03, 2014 | $1,718,036 | ' | $2,561 | $2,575,011 | ($382,463) | ($106,298) | ($370,775) | ' |
Basis_Of_Presentation_and_Summ
Basis Of Presentation and Summary of Significant Accounting Policies | 12 Months Ended | |||||||||||||||||||||||
Oct. 03, 2014 | ||||||||||||||||||||||||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | |||||||||||||||||||||||
Basis of Presentation and Summary of Significant Accounting Policies | ' | |||||||||||||||||||||||
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: | ||||||||||||||||||||||||
On January 26, 2007, ARAMARK Holdings Corporation, a Delaware corporation controlled by investment funds associated with GS Capital Partners, CCMP Capital Advisors, J.P. Morgan Partners, Thomas H. Lee Partners and Warburg Pincus LLC (collectively the "Sponsors"), Joseph Neubauer, Chairman and former Chief Executive Officer of ARAMARK Holdings Corporation, and certain other members of ARAMARK Holdings Corporation's management, acquired all of the outstanding shares of ARAMARK Holdings Corporation's wholly-owned subsidiary ARAMARK Corporation, in a going-private transaction (the "2007 Transaction"). | ||||||||||||||||||||||||
On December 12, 2013, ARAMARK Holdings Corporation's common stock began trading on the New York Stock Exchange under the symbol "ARMK" after its initial public offering ("IPO") of 28,000,000 shares of its common stock at a price of $20.00 per share (see Note 9). | ||||||||||||||||||||||||
On May 9, 2014, ARAMARK Holdings Corporation changed its name to Aramark (the “Company”) pursuant to Section 253 of the Delaware General Corporation Law. ARAMARK Holdings Corporation amended Article FIRST of ARAMARK Holdings Corporation's Amended and Restated Certificate of Incorporation to change its corporate name to Aramark pursuant to a Certificate of Ownership and Merger filed with the Secretary of State of the State of Delaware on May 9, 2014. Also on May 9, 2014, the By-laws of the Company were amended and restated to reflect the name change to Aramark. The Company's wholly-owned subsidiary, ARAMARK Corporation, also changed its name on May 9, 2014 to Aramark Services, Inc. | ||||||||||||||||||||||||
The consolidated financial statements include the accounts of the Company and all of its subsidiaries in which a controlling financial interest is maintained in accordance with generally accepted accounting principles in the United States ("U.S. GAAP"). All significant intercompany transactions and accounts have been eliminated. | ||||||||||||||||||||||||
Fiscal Year | ||||||||||||||||||||||||
The Company’s fiscal year is the fifty-two or fifty-three week period which ends on the Friday nearest September 30th. The fiscal year ended October 3, 2014 was a fifty-three week period and the fiscal years ended September 27, 2013 and September 28, 2012 were each fifty-two week periods. | ||||||||||||||||||||||||
New Accounting Standard Updates | ||||||||||||||||||||||||
In June 2014, the FASB issued an accounting standard update ("ASU") on stock compensation which requires that a performance target affecting vesting and that could be achieved after the requisite service period be treated as a performance condition. The guidance is effective for the Company beginning in the first quarter of fiscal 2017. The Company is currently evaluating the impact of the pronouncement relative to its stock incentive awards. | ||||||||||||||||||||||||
In May 2014, the FASB issued an ASU on revenue from contracts with customers which outlines a single comprehensive model to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance. The guidance is effective for the Company beginning in the first quarter of fiscal 2018. The Company is currently evaluating the impact of the pronouncement. | ||||||||||||||||||||||||
In January 2014, the FASB issued an ASU which states that companies should not account for certain service concession arrangements with public-sector entities as leases and should not recognize the related infrastructure as property, plant and equipment. The guidance is effective for the Company beginning in the first quarter of fiscal 2016. The Company is currently evaluating the impact of the pronouncement. | ||||||||||||||||||||||||
In July 2013, the FASB issued an ASU which requires unrecognized tax benefits to be offset against a deferred tax asset for a net operating loss carryforward, similar tax loss or tax credit carryforward in certain situations. The guidance will likely change the balance sheet presentation of certain unrecognized tax benefits. The guidance is effective in the first quarter of fiscal 2015. The Company is currently evaluating the impact of the pronouncement. | ||||||||||||||||||||||||
In February 2013, the FASB issued an accounting standard update which requires companies to disclose information about reclassifications out of accumulated other comprehensive income ("AOCI"). Companies also are required to present reclassifications by component when reporting changes in AOCI balances. For significant items reclassified out of AOCI to net income in their entirety in the period, companies must report the effect of the reclassifications on the respective line items in the statement where net income is presented. The Company adopted the guidance in the first quarter of fiscal 2014 (see below). | ||||||||||||||||||||||||
In December 2011, the FASB issued an accounting standard update ("ASU") that requires companies with financial instruments and derivative instruments that are offset on the balance sheet or subject to a master netting arrangement to provide additional disclosures regarding the instruments impact on a company’s financial position. In January 2013, the FASB issued an accounting standard update to clarify the scope of this ASU. The Company adopted the guidance in the first quarter of fiscal 2014 which did not have a material impact on the consolidated financial statements. | ||||||||||||||||||||||||
Revenue Recognition | ||||||||||||||||||||||||
The Company recognizes sales when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the fee is fixed and determinable and collectability is reasonably assured. In each of the Company’s operating segments, sales are recognized in the period in which services are provided pursuant to the terms of the Company’s contractual relationships with its clients. The Company generally records sales on food and support services contracts (both profit and loss contracts and client interest contracts) on a gross basis as the Company is the primary obligor and service provider. | ||||||||||||||||||||||||
Certain profit and loss contracts include commissions paid to the client, typically calculated as a fixed or variable percentage of various categories of sales. In some cases these contracts require minimum guaranteed commissions. Commissions paid to clients are recorded in “Cost of services provided.” | ||||||||||||||||||||||||
Sales from client interest contracts are generally comprised of amounts billed to clients for food, labor and other costs that the Company incurs, controls and pays for. Sales from client interest contracts also include any associated management fees, client subsidies or incentive fees based upon the Company’s performance under the contract. Sales from direct marketing activities are recognized upon shipment. All sales related taxes are presented on a net basis. | ||||||||||||||||||||||||
Vendor Consideration | ||||||||||||||||||||||||
Consideration received from vendors include rebates, allowances and volume discounts and are accounted for as an adjustment to the cost of the vendors’ products or services and are reported as a reduction of “Cost of services provided,” “Inventory,” or “Property and Equipment.” Income from rebates, allowances and volume discounts is recognized based on actual purchases in the fiscal period relative to total actual or forecasted purchases to be made over the contractual rebate period agreed to with the vendor. Rebates, allowances and volume discounts related to Inventory held at the balance sheet date are deducted from the carrying value of these inventories. Rebates, allowances and volume discounts related to Property and Equipment are deducted from the costs capitalized. | ||||||||||||||||||||||||
Use of Estimates | ||||||||||||||||||||||||
The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of sales and expenses during the reporting period. Actual results could materially differ from those estimates. | ||||||||||||||||||||||||
Comprehensive Income | ||||||||||||||||||||||||
Comprehensive income includes all changes to stockholders' equity during a period, except those resulting from investments by and distributions to stockholders. Components of comprehensive income include net income (loss), changes in foreign currency translation adjustments (net of tax), pension plan adjustments (net of tax), changes in the fair value of cash flow hedges (net of tax) and changes to the share of any equity investees' comprehensive income (net of tax). | ||||||||||||||||||||||||
The summary of the components of comprehensive income (loss) is as follows (in thousands): | ||||||||||||||||||||||||
Fiscal Year Ended | ||||||||||||||||||||||||
3-Oct-14 | 27-Sep-13 | 28-Sep-12 | ||||||||||||||||||||||
Pre-Tax Amount | Tax Effect | After-Tax Amount | Pre-Tax Amount | Tax Effect | After-Tax Amount | Pre-Tax Amount | Tax Effect | After-Tax Amount | ||||||||||||||||
Net income | $ | 149,459 | $ | 70,366 | $ | 107,199 | ||||||||||||||||||
Pension plan adjustments | (17,640 | ) | 4,044 | (13,596 | ) | 29,943 | (10,198 | ) | 19,745 | (24,854 | ) | 8,646 | (16,208 | ) | ||||||||||
Foreign currency translation adjustments | (37,246 | ) | 5,965 | (31,281 | ) | (30,832 | ) | 13,690 | (17,142 | ) | (7,052 | ) | 2,684 | (4,368 | ) | |||||||||
Cash flow hedges: | ||||||||||||||||||||||||
Gains (losses) on cash flow hedges | (29,201 | ) | 11,575 | (17,626 | ) | (8,881 | ) | 3,600 | (5,281 | ) | (29,199 | ) | 11,108 | (18,091 | ) | |||||||||
Reclassification adjustments | 25,921 | (10,491 | ) | 15,430 | 23,768 | (9,375 | ) | 14,393 | 86,372 | (33,305 | ) | 53,067 | ||||||||||||
Share of equity investee's comprehensive loss | — | — | — | 4,315 | (1,510 | ) | 2,805 | (18,000 | ) | 7,200 | (10,800 | ) | ||||||||||||
Other comprehensive income (loss) | (58,166 | ) | 11,093 | (47,073 | ) | 18,313 | (3,793 | ) | 14,520 | 7,267 | (3,667 | ) | 3,600 | |||||||||||
Comprehensive income | 102,386 | 84,886 | 110,799 | |||||||||||||||||||||
Less: Net income attributable to noncontrolling interests | 503 | 1,010 | 3,648 | |||||||||||||||||||||
Comprehensive income attributable to Aramark stockholders | $ | 101,883 | $ | 83,876 | $ | 107,151 | ||||||||||||||||||
Accumulated other comprehensive loss consists of the following (in thousands): | ||||||||||||||||||||||||
October 3, 2014 | September 27, 2013 | |||||||||||||||||||||||
Pension plan adjustments | $ | (44,119 | ) | $ | (30,523 | ) | ||||||||||||||||||
Foreign currency translation adjustments | (27,994 | ) | 3,287 | |||||||||||||||||||||
Cash flow hedges | (26,190 | ) | (23,994 | ) | ||||||||||||||||||||
Share of equity investee's Accumulated Other Comprehensive loss | (7,995 | ) | (7,995 | ) | ||||||||||||||||||||
$ | (106,298 | ) | $ | (59,225 | ) | |||||||||||||||||||
Currency Translation | ||||||||||||||||||||||||
Gains and losses resulting from the translation of financial statements of non-U.S. subsidiaries are reflected as a component of accumulated other comprehensive income (loss) in stockholders' equity. Transaction gains and losses included in operating results for fiscal 2014, fiscal 2013 and fiscal 2012 were not material. | ||||||||||||||||||||||||
Current Assets | ||||||||||||||||||||||||
The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. | ||||||||||||||||||||||||
Inventories are valued at the lower of cost (principally the first-in, first-out method) or market. Personalized work apparel, linens and other rental items in service are recorded at cost and are amortized over their estimated useful lives, which primarily range from one to four years. The amortization rates used are based on the Company’s specific experience. | ||||||||||||||||||||||||
The components of inventories are as follows: | ||||||||||||||||||||||||
3-Oct-14 | 27-Sep-13 | |||||||||||||||||||||||
Food | 39.3 | % | 40.4 | % | ||||||||||||||||||||
Career apparel and linens | 57.9 | % | 56.5 | % | ||||||||||||||||||||
Parts, supplies and novelties | 2.8 | % | 3.1 | % | ||||||||||||||||||||
100 | % | 100 | % | |||||||||||||||||||||
Property and Equipment | ||||||||||||||||||||||||
Property and equipment are stated at cost and are depreciated over their estimated useful lives on a straight-line basis. Gains and losses on dispositions are included in operating results. Maintenance and repairs are charged to current operations, and replacements and significant improvements that extend the useful life of the asset are capitalized. The estimated useful lives for the major categories of property and equipment are 10 to 40 years for buildings and improvements and 3 to 10 years for service equipment and fixtures. Depreciation expense during fiscal 2014, fiscal 2013 and fiscal 2012 was $239.9 million, $239.1 million, and $236.6 million, respectively. | ||||||||||||||||||||||||
Other Assets | ||||||||||||||||||||||||
Other assets consist primarily of investments in 50% or less owned entities, client contract investments, deferred financing costs, computer software costs and long-term receivables. Investments in which the Company owns more than 20% but less than a majority are accounted for using the equity method. Investments in which the Company owns less than 20% are accounted for under the cost method. Client contract investments generally represent a cash payment provided by the Company to help finance improvement or renovation at the facility from which the Company operates. These amounts are amortized over the contract period. If a contract is terminated prior to its maturity date, the Company is generally reimbursed for the unamortized client contract investment amount. Client contract investments, net of accumulated amortization, were $670.6 million and $495.6 million as of October 3, 2014 and September 27, 2013, respectively. Amortization expense for client contract investments was $106.2 million, $100.9 million and $86.9 million during fiscal 2014, fiscal 2013 and fiscal 2012, respectively. | ||||||||||||||||||||||||
The Company’s principal equity method investment is its 50% ownership interest in AIM Services Co., Ltd., a Japanese food and support services company (approximately $180.3 million and $190.7 million at October 3, 2014 and September 27, 2013, respectively, which is included in “Other Assets” in the Consolidated Balance Sheets). Summarized financial information for AIM Services Co., Ltd. follows (in thousands): | ||||||||||||||||||||||||
October 3, 2014 | September 27, 2013 | |||||||||||||||||||||||
Current assets | $ | 376,914 | $ | 353,240 | ||||||||||||||||||||
Noncurrent assets | 154,510 | 169,469 | ||||||||||||||||||||||
Current liabilities | 302,230 | 291,926 | ||||||||||||||||||||||
Noncurrent liabilities | 52,489 | 50,880 | ||||||||||||||||||||||
Fiscal Year Ended | ||||||||||||||||||||||||
October 3, 2014 | September 27, 2013 | September 28, 2012 | ||||||||||||||||||||||
Sales | $ | 1,552,250 | $ | 1,693,598 | $ | 1,916,620 | ||||||||||||||||||
Gross profit | 174,194 | 192,857 | 222,033 | |||||||||||||||||||||
Net income | 26,869 | 29,236 | 39,174 | |||||||||||||||||||||
The period to period comparisons of the summarized financial information for AIM Services Co., Ltd., presented in U.S. dollars above, is significantly impacted by currency translation. The Company’s equity in undistributed earnings of AIM Services Co., Ltd., net of amortization related to purchase accounting for the 2007 Transaction, was $10.5 million, $11.5 million and $14.7 million for fiscal 2014, fiscal 2013 and fiscal 2012, respectively, and is recorded as a reduction of "Cost of services provided" in the Consolidated Statements of Income. During fiscal 2014, fiscal 2013 and fiscal 2012, the Company received $6.5 million, $7.9 million and $34.9 million of cash distributions from AIM Services Co., Ltd, respectively. | ||||||||||||||||||||||||
Other Accrued Expenses and Liabilities | ||||||||||||||||||||||||
Accrued expenses and other current liabilities consist principally of insurance accruals, advanced payments from clients, taxes, interest, fair value of interest rate swaps and accrued commissions. Advanced payments from clients as of October 3, 2014 and September 27, 2013 were $267.7 million and $292.9 million, respectively. The Company is self-insured for the risk retained under its general liability and workers’ compensation arrangements. Self-insurance reserves are recorded based on historical claims experience and actuarial analyses. As of October 3, 2014 and September 27, 2013, $51.1 million and $93.2 million of insurance accruals were included in accrued expenses and other current liabilities, respectively. | ||||||||||||||||||||||||
Noncurrent liabilities consist primarily of deferred compensation, insurance accruals, pension liabilities, environmental obligations, fair value of interest rate swaps and other hedging agreements and asset retirement obligations. | ||||||||||||||||||||||||
Share-Based Compensation | ||||||||||||||||||||||||
The Company recognizes compensation cost related to share-based payment transactions in the consolidated financial statements. The cost is measured at the grant date, based on the estimated fair value of the award, and is recognized as an expense over the employee’s requisite service period (generally the vesting period of the equity award). See Note 10 for additional information on share-based compensation. | ||||||||||||||||||||||||
Supplemental Cash Flow Information | ||||||||||||||||||||||||
Fiscal Year Ended | ||||||||||||||||||||||||
(dollars in millions) | October 3, 2014 | September 27, 2013 | September 28, 2012 | |||||||||||||||||||||
Interest paid | $ | 348.5 | $ | 350.6 | $ | 422.5 | ||||||||||||||||||
Income taxes paid | $ | 55.8 | $ | 74.8 | $ | 82.5 | ||||||||||||||||||
Significant noncash activities follow: | ||||||||||||||||||||||||
• | During fiscal 2014, fiscal 2013 and fiscal 2012, the Company executed capital lease transactions. The present value of the future rental obligations was approximately $16.6 million, $16.1 million and $17.0 million for the respective periods, which is included in property and equipment and long-term borrowings. | |||||||||||||||||||||||
• | During fiscal 2014, fiscal 2013 and fiscal 2012, approximately $0.6 million, $3.5 million and $6.7 million of common stock of the Company was repurchased through the issuance of promissory notes, respectively. | |||||||||||||||||||||||
• | During fiscal 2014, fiscal 2013 and fiscal 2012, cashless settlements of the exercise price and related employee minimum tax withholding liabilities of share-based payment awards were approximately $116.3 million, $26.9 million and $27.0 million, respectively. | |||||||||||||||||||||||
• | Obligations related to client contract investments of approximately $57.2 million that were unpaid as of October 3, 2014 are included in other assets and accounts payable. |
Acquisitions_And_Divestitures
Acquisitions And Divestitures | 12 Months Ended |
Oct. 03, 2014 | |
Business Combinations [Abstract] | ' |
Acquisitions and Divestitures | ' |
ACQUISITIONS AND DIVESTITURES: | |
Fiscal 2014 | |
McKinley Chalet Hotel Divestiture | |
On October 7, 2013, the Company completed the sale of its McKinley Chalet Hotel (the "Chalet") located adjacent to Denali National Park for approximately $24.0 million in cash. The transaction resulted in a pretax loss of approximately $6.7 million (net of tax loss of approximately $9.1 million), which is included in "Cost of services provided" in the Consolidated Statements of Income for fiscal 2014. The pretax loss includes a write-off of an allocation of goodwill of approximately $12.8 million (see note 4). The results of operations and cash flows associated with the Chalet divestiture were not material to the Company's Consolidated Statements of Income and Cash Flows. | |
Fiscal 2013 | |
Spin-off of Seamless Holdings Corporation (now a part of GrubHub Inc.) | |
On October 29, 2012, the Company completed the spin-off of its majority interest in Seamless North America, LLC ("Seamless") to its stockholders. | |
In the spin-off, Aramark Services, Inc. distributed all of the issued and outstanding shares of the common stock of Seamless Holdings Corporation (“Seamless Holdings”), an entity formed for the purpose of completing the spin-off and whose assets primarily consist of the Company's former interest in Seamless, to its parent company and sole stockholder, ARAMARK Intermediate. Thereafter, ARAMARK Intermediate distributed such shares to the Company, its parent company and sole stockholder, who then distributed all of the shares of Seamless Holdings on a pro rata basis to the holders of the Company's common stock as of October 26, 2012, the record date, through a tax-free stock dividend. Each Company stockholder received one share of Seamless Holdings common stock for each share of the Company's common stock held as of the record date. | |
Until October 29, 2012, Seamless Holdings and its subsidiaries were part of the Company and its assets, liabilities, results of operations, and cash flows are included in the amounts reported in these consolidated financial statements until that date. Following the spin-off, Seamless Holdings is an independent company and the Company retains no ownership interest in Seamless Holdings or Seamless. The Company's proforma results of operations for fiscal 2013 and fiscal 2012 would not have been materially different than reported assuming the spin-off and related transactions had occurred at the beginning of fiscal 2012. | |
Fiscal 2012 | |
Acquisitions | |
On October 3, 2011, ARAMARK Refreshment Services, LLC, a subsidiary of the Company, purchased all of the outstanding shares of capital stock of Van Houtte USA Holdings, Inc. (doing business as “Filterfresh”), a provider of office coffee services in the United States, for cash consideration of approximately $145.2 million. Under the terms of the purchase agreement, if a certain significant customer relationship was not maintained within a specific time frame, the Company was entitled to a refund of a portion of the purchase price. During the second quarter of fiscal 2012, the Company received a refund of approximately $7.4 million related to the termination of this customer relationship. | |
As part of the acquisition of Filterfresh, the Company acquired a subsidiary with a redeemable noncontrolling interest. The Company classifies redeemable noncontrolling interests outside of stockholders' equity in the Consolidated Balance Sheets in “Common Stock Subject to Repurchase and Other.” As of October 3, 2014 and September 27, 2013, the redeemable noncontrolling interest related to the subsidiary was approximately $9.9 million and $10.2 million, respectively. For fiscal 2014, fiscal 2013 and fiscal 2012, net income attributable to the redeemable noncontrolling interest was $0.5 million, $0.8 million and $1.1 million, respectively. Distributions to the redeemable noncontrolling interest was $0.8 million, $0.9 million and $0.9 million for fiscal years 2014, 2013, and 2012, respectively. |
Severance_and_Asset_Writedowns
Severance and Asset Write-downs | 12 Months Ended | |||||||||||||
Oct. 03, 2014 | ||||||||||||||
Restructuring and Related Activities [Abstract] | ' | |||||||||||||
Severance and Asset Write-downs | ' | |||||||||||||
SEVERANCE AND ASSET WRITE-DOWNS: | ||||||||||||||
During fiscal 2013, the Company initiated a series of actions and developed plans to drive efficiencies through the consolidation and centralization of select functions. As a result, the Company recorded charges during fiscal 2013 of approximately $63.9 million for severance and related costs. In addition, the Company recorded charges during fiscal 2013 of approximately $11.7 million for goodwill impairments and other asset write-downs of approximately $12.0 million primarily related to the write-offs of certain client contractual investments. During fiscal 2014, as a result of additional cost saving and refinements and the continuation of productivity initiatives to the Company's original plans for consolidation and centralization initiatives and actual attrition of the workforce, the Company recorded net severance charges of approximately $21.3 million. | ||||||||||||||
The following table summarizes the unpaid obligations for severance and related costs as of October 3, 2014, which are included in "Accrued payroll and related expenses" in the Consolidated Balance Sheets. The majority of the unpaid obligations are expected to be paid during fiscal 2015. | ||||||||||||||
(in millions) | 27-Sep-13 | Net Charges | Payments and Other | 3-Oct-14 | ||||||||||
Severance and Related Costs Accrual | $46.70 | 21.3 | (27.3 | ) | $40.70 | |||||||||
Goodwill_And_Other_Intangible_
Goodwill And Other Intangible Assets | 12 Months Ended | |||||||||||||||||||||||
Oct. 03, 2014 | ||||||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||||||||||||||
Goodwill and Other Intangible Assets | ' | |||||||||||||||||||||||
GOODWILL AND OTHER INTANGIBLE ASSETS: | ||||||||||||||||||||||||
Goodwill represents the excess of the fair value of consideration paid for an acquired entity over the fair value of assets acquired and liabilities assumed in a business combination. Goodwill is not amortized and is subject to an impairment test that the Company conducts annually, or more frequently if a change in circumstances or the occurrence of events indicates that potential impairment exists, using discounted cash flows. The Company performs its assessment of goodwill at the reporting unit level. Within the Food and Support Services International ("FSS International") segment, each country is evaluated separately since such operating units are relatively autonomous and separate goodwill balances have been recorded for each entity. The Company has completed its annual goodwill impairment test for fiscal 2014, which determined goodwill was not impaired. The Company performs its annual impairment test as of the end of fiscal month August. | ||||||||||||||||||||||||
Goodwill, allocated by segment, is as follows (in thousands): | ||||||||||||||||||||||||
Segment | 27-Sep-13 | Acquisitions and | Translation | 3-Oct-14 | ||||||||||||||||||||
Divestitures | ||||||||||||||||||||||||
FSS North America | $ | 3,595,048 | $ | (11,165 | ) | $ | (227 | ) | $ | 3,583,656 | ||||||||||||||
FSS International | 451,154 | — | (19,909 | ) | 431,245 | |||||||||||||||||||
Uniform | 573,785 | 994 | — | 574,779 | ||||||||||||||||||||
$ | 4,619,987 | $ | (10,171 | ) | $ | (20,136 | ) | $ | 4,589,680 | |||||||||||||||
The reduction in goodwill for Food and Support Services North America ("FSS North America") is primarily related to the Chalet divestiture (see Note 2). | ||||||||||||||||||||||||
Other intangible assets consist of (in thousands): | ||||||||||||||||||||||||
October 3, 2014 | September 27, 2013 | |||||||||||||||||||||||
Gross | Accumulated | Net | Gross | Accumulated | Net | |||||||||||||||||||
Amount | Amortization | Amount | Amount | Amortization | Amount | |||||||||||||||||||
Customer relationship assets | $ | 1,885,222 | $ | (1,386,248 | ) | $ | 498,974 | $ | 1,892,484 | $ | (1,242,578 | ) | $ | 649,906 | ||||||||||
Trade names | 755,400 | (1,633 | ) | 753,767 | 760,491 | (1,633 | ) | 758,858 | ||||||||||||||||
$ | 2,640,622 | $ | (1,387,881 | ) | $ | 1,252,741 | $ | 2,652,975 | $ | (1,244,211 | ) | $ | 1,408,764 | |||||||||||
Acquisition-related intangible assets consist of customer relationship assets, the Aramark trade name and other trade names. Customer relationship assets are being amortized principally on a straight-line basis over the expected period of benefit, 3 to 24 years, with a weighted average life of approximately 12 years. The Aramark trade name is an indefinite lived intangible asset and is not amortizable but is evaluated for impairment at least annually. The Company completed its annual trade name impairment test, which did not result in an impairment charge. | ||||||||||||||||||||||||
Intangible assets of approximately $11.3 million were acquired through business combinations during fiscal 2014. Amortization of intangible assets for fiscal 2014, fiscal 2013 and fiscal 2012 was approximately $158 million, $192 million and $198 million, respectively. | ||||||||||||||||||||||||
Based on the recorded balances at October 3, 2014, total estimated amortization of all acquisition-related intangible assets for fiscal years 2015 through 2019 follows (in thousands): | ||||||||||||||||||||||||
2015 | $ | 133,428 | ||||||||||||||||||||||
2016 | $ | 97,451 | ||||||||||||||||||||||
2017 | $ | 73,997 | ||||||||||||||||||||||
2018 | $ | 50,732 | ||||||||||||||||||||||
2019 | $ | 41,186 | ||||||||||||||||||||||
Borrowings
Borrowings | 12 Months Ended | ||||||||||||
Oct. 03, 2014 | |||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||
Borrowings | ' | ||||||||||||
BORROWINGS: | |||||||||||||
Long-term borrowings are summarized in the following table (in thousands): | |||||||||||||
October 3, | September 27, | ||||||||||||
2014 | 2013 | ||||||||||||
Senior secured revolving credit facility | $ | — | $ | 10,000 | |||||||||
Senior secured term loan facility, due July 2016 | 74,884 | 3,032,349 | |||||||||||
Senior secured term loan facility, due September 2019 | 1,351,189 | 1,393,559 | |||||||||||
Senior secured term loan facility, due February 2021 | 2,559,925 | — | |||||||||||
5.75% senior notes, due March 2020 | 1,000,000 | 1,000,000 | |||||||||||
Receivables Facility, due May 2017 | 350,000 | 300,000 | |||||||||||
Capital leases | 54,420 | 52,385 | |||||||||||
Other | 55,176 | 35,777 | |||||||||||
5,445,594 | 5,824,070 | ||||||||||||
Less—current portion | (89,805 | ) | (65,841 | ) | |||||||||
$ | 5,355,789 | $ | 5,758,229 | ||||||||||
The Company used the net proceeds from its December 2013 IPO to repay borrowings of approximately $154.1 million on the senior secured revolving credit facility that were borrowed during the first quarter of fiscal 2014 and $370.0 million on the senior secured term loan facility (see Note 9). As of October 3, 2014, there was approximately $486.3 million of outstanding foreign currency borrowings. | |||||||||||||
Senior Secured Credit Agreement | |||||||||||||
Senior Secured Term Loan Facilities | |||||||||||||
The senior secured term loan facility consists of the following subfacilities as of October 3, 2014: | |||||||||||||
• | A U.S. dollar denominated term loan to Aramark Services, Inc. in the amount of $1,351.2 million (due 2019) and $2,128.8 million (due 2021); | ||||||||||||
• | A U.S. dollar denominated term loan to a Canadian subsidiary in the amount of $74.9 million (due 2016); | ||||||||||||
• | A yen denominated term loan to Aramark Services, Inc. in the amount of ¥5,017.2 million (due 2021); | ||||||||||||
• | A Canadian dollar denominated term loan to a Canadian subsidiary in the amount of CAD29.9 million (due 2021); | ||||||||||||
• | A euro denominated term loan to an Irish subsidiary in an amount of €138.7 million (due 2021); and | ||||||||||||
• | A sterling denominated term loan to a U.K. subsidiary in an amount of £113.9 million (due 2021); | ||||||||||||
The primary borrower under the senior secured credit facilities is Aramark Services, Inc. In addition, certain subsidiaries of Aramark Services, Inc. are borrowers under certain subfacilities of the term loan facility and/or the revolving credit facility. The Company is not a guarantor under the senior secured credit facilities and is not subject to the covenants or obligations under the senior secured credit agreement. | |||||||||||||
2014 Amendment Agreements | |||||||||||||
On February 24, 2014, Aramark Services, Inc. entered into an Amendment Agreement (“2014 Amendment Agreement”) to the Amended and Restated Credit Agreement dated as of March 26, 2010 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”). The 2014 Amendment Agreement amends and restates the Credit Agreement effective as of February 24, 2014. Among other things, the 2014 Amendment Agreement provided for approximately $3,982.0 million in the aggregate of new term loans, all of which were borrowed on February 24, 2014. $2,582.0 million of these new term loans have a maturity date of February 24, 2021, with an acceleration to December 13, 2019 if the 5.75% Senior Notes due March 15, 2020 remain outstanding on December 13, 2019. The remaining $1,400.0 million of new term loans have a maturity date of September 7, 2019. The term loans due on February 24, 2021 include €140.0 million of term loans denominated in euros, £115.0 million of term loans denominated in sterling and ¥5,042.0 million of term loans denominated in yen. The proceeds of the new term loans were used to refinance all existing term loans under the Credit Agreement with the exception of approximately $75.0 million in term loans due 2016 borrowed by Aramark Services, Inc.’s Canadian subsidiary. All U.S. dollar denominated new term loans have an applicable margin of 2.50% for eurocurrency (LIBOR) borrowings, subject to a LIBOR floor of 0.75%, and an applicable margin of 1.50% for base-rate borrowings, subject to a minimum base rate of 1.75%. The new yen denominated and euro denominated term loans have an applicable margin of 2.75%, subject to a LIBOR floor of 0.75%, and the new sterling denominated terms loans have an applicable margin of 3.25%., subject to a LIBOR floor of 0.75%. The term loans due on February 24, 2021 were borrowed with an original issue discount of 0.50%. The term loans due on September 7, 2019 were borrowed with an original issue discount of 0.25%. | |||||||||||||
During fiscal 2014, approximately $22.9 million of lender fees and third-party costs directly attributable to the term loans of the 2014 Amendment Agreement were capitalized and are included in the Consolidated Balance Sheets. Approximately $3.4 million and $5.1 million of the third-party costs were paid to entities affiliated with GS Capital Partners and J.P. Morgan Partners, respectively. The Company also recorded charges to "Interest and Other Financing Costs, net” in the Consolidated Statements of Income during fiscal 2014 consisting of $13.1 million of third-party costs and $12.6 million of non-cash charges for the write-off of deferred financing costs and original issue discount. | |||||||||||||
Amendment Agreement No. 1 | |||||||||||||
On March 28, 2014, Aramark Services, Inc. entered into Amendment Agreement No. 1 to the 2014 Amendment Agreement, which allowed Aramark Services, Inc. to borrow in a Canadian dollar denominated term loan in an amount of CAD34.0 million, due February 2021. | |||||||||||||
2013 Amendment Agreements | |||||||||||||
Amendment Agreement No. 4 | |||||||||||||
On February 22, 2013, Aramark Services, Inc. entered into Amendment Agreement No. 4 (“Amendment Agreement No. 4”) to the Amended and Restated Credit Agreement dated as of March 26, 2010 (as amended, the “Credit Agreement”) which provided for, among other things, additional term loans and the extension of a portion of the revolving credit facility. On March 7, 2013, Aramark Services, Inc. borrowed $1,400 million of term loans pursuant to Amendment Agreement No. 4. The new term loans were borrowed by Aramark Services, Inc. with an original issue discount of 0.50%. The term loans under Amendment Agreement No. 4 mature on September 7, 2019. | |||||||||||||
During fiscal 2013, approximately $14.0 million of third-party costs directly attributable to the term loans borrowed pursuant to Amendment Agreement No. 4 were capitalized and are included in “Other Assets” in the Consolidated Balance Sheets, of which approximately $6.2 million were paid to entities affiliated with GS Capital Partners and J.P. Morgan Partners. | |||||||||||||
Amendment Agreement No. 3 | |||||||||||||
On December 20, 2012, Aramark Services, Inc. amended the senior secured credit agreement (“Amendment Agreement No. 3”) to, among other things, borrow $670 million of new term loans to repay approximately $650 million of existing term loans and to fund certain discounts, fees and costs associated with the amendment. | |||||||||||||
During fiscal 2013, approximately $11.6 million of third-party costs directly attributable to Amendment Agreement No. 3 were expensed and are included in “Interest and Other Financing Costs, net” in the Consolidated Statements of Income. Approximately $4.6 million of the third-party costs were paid to entities affiliated with GS Capital Partners and J.P. Morgan Partners. | |||||||||||||
Senior Secured Revolving Credit Facility | |||||||||||||
The senior secured revolving credit facility consists of the following subfacilities: | |||||||||||||
• | A revolving credit facility available for loans in U.S. dollars to Aramark Services, Inc. with aggregate commitments of $720 million ($680 million with a final maturity of February 24, 2019 and $40 million with a final maturity of January 26, 2015); and | ||||||||||||
• | A revolving credit facility available for loans in Canadian dollars or U.S. dollars to Aramark Services, Inc. or a Canadian subsidiary with aggregate commitments of $50 million (due February 24, 2019). | ||||||||||||
2014 Amendment Agreement | |||||||||||||
The 2014 Amendment Agreement also extended, from January 26, 2017, to February 24, 2019, of the maturity of $565.0 million in revolving lender commitments of the existing $605.0 million revolving credit facility under the Credit Agreement. The 2014 Amendment Agreement also increased the revolving lender commitments by $165.0 million, for a total revolving facility of $770.0 million. | |||||||||||||
During fiscal 2014, approximately $4.8 million of third-party costs directly attributable to the revolving credit facility of the 2014 Amendment Agreement were capitalized and are included in "Other Assets" in the Consolidated Balance Sheets. | |||||||||||||
The applicable margin spread for U.S. dollar borrowings under the $680.0 million of extended revolving credit commitments is 2.50% with respect to eurocurrency (LIBOR) borrowings and 1.50% with respect to base-rate borrowings. The applicable margin spread for U.S. dollar borrowings under the remaining $40.0 million of unextended revolving credit commitments is 3.25% with respect to eurocurrency (LIBOR) borrowings and 2.25% with respect to base-rate borrowings. The applicable margin spread for Canadian dollar borrowings under the revolving credit facility are 2.50% for BA (bankers’ acceptance) rate borrowings and 1.50% for base rate borrowings. U.S. and Canadian swingline loans must be base rate borrowings. | |||||||||||||
In addition to paying interest on outstanding principal, the Company is required to pay a commitment fee to the lenders under the revolving credit facility in respect of the unutilized commitments thereunder. The commitment fee rate is 0.50% per annum. | |||||||||||||
The Company's revolving credit facility includes a $250.0 million sublimit for letters of credit and includes borrowing capacity available for short-term borrowings referred to as swingline loans subject to a sublimit. | |||||||||||||
The senior secured credit facilities provide that the Company has the right at any time to request up to $555.0 million of incremental commitments in the aggregate under one or more incremental term loan facilities and/or synthetic letter of credit facilities and/or revolving credit facilities and/or by increasing commitments under the revolving credit facility. The lenders under these facilities are not under any obligation to provide any such incremental facilities or commitments, and any such addition of or increase in facilities or commitments will be subject to pro forma compliance with an incurrence-based financial covenant and customary conditions precedent. Our ability to obtain extensions of credit under these incremental facilities or commitments is subject to the same conditions as extensions of credit under the existing credit facilities. | |||||||||||||
As of October 3, 2014, there was approximately $753.9 million available for borrowing on the revolving credit facility. | |||||||||||||
Prepayments and Amortization | |||||||||||||
The senior secured credit agreement requires us to prepay outstanding term loans, subject to certain exceptions, with: | |||||||||||||
• | 50% of Aramark Services, Inc.’s annual excess cash flow (as defined in the senior secured credit agreement) with stepdowns to 25% and 0% upon Aramark Services, Inc.’s reaching a certain consolidated leverage ratio threshold; | ||||||||||||
• | 100% of the net cash proceeds of all nonordinary course asset sales or other dispositions of property subject to certain exceptions and customary reinvestment rights; and | ||||||||||||
• | 100% of the net cash proceeds of any incurrence of debt, including debt incurred by any business securitization subsidiary in respect of any business securitization facility, but excluding proceeds from the receivables facilities and other debt permitted under the senior secured credit agreement. | ||||||||||||
The foregoing mandatory prepayments will be applied to the term loan facilities as directed by us. The Company may voluntarily repay outstanding loans under the senior secured credit facilities at any time without premium or penalty, other than as set forth below and customary “breakage” costs with respect to LIBOR loans. Prepaid term loans may not be reborrowed. | |||||||||||||
If prior to February 24, 2015, any term loan is voluntarily repaid or repriced pursuant to a Repricing Transaction (as defined in the senior secured credit agreement), it shall be subject to a prepayment premium of 1% of the amount of such term loans. | |||||||||||||
During fiscal 2014, the Company prepaid approximately $35.0 million to cover required principal payments on the 2019 term loan for 10 months. During fiscal 2013, the Company made an optional prepayment of $265.0 million of outstanding U.S. dollar term loans. | |||||||||||||
If a change of control as defined in the senior secured credit agreement occurs, this will cause an event of default under the credit agreement. Upon an event of default, the senior secured credit facilities may be accelerated, in which case the Company would be required to repay all outstanding loans plus accrued and unpaid interest and all other amounts outstanding under the senior credit facilities. | |||||||||||||
The Company is required to repay installments on the loans under the term loan facilities in quarterly principal amounts of 1% per annum of their funded total principal amount beginning on June 30, 2014 (except for the Canadian term loans due on July 26, 2016, which the Company began to repay on March 31, 2014). | |||||||||||||
Guarantees and Certain Covenants | |||||||||||||
All obligations under the senior secured credit agreement are unconditionally guaranteed by Aramark Intermediate Holdco Corporation and, subject to certain exceptions, substantially all of Aramark Services, Inc.’s existing and future domestic subsidiaries (excluding certain immaterial and dormant subsidiaries, receivables facility subsidiaries, business securitization subsidiaries and certain subsidiaries designated by us under our senior secured credit agreement as “unrestricted subsidiaries”), referred to, collectively, as U.S. Guarantors. All obligations of each foreign borrower under the senior secured credit facilities are unconditionally guaranteed by Aramark Services, Inc., the U.S. guarantors and, subject to certain exceptions and qualifications, the respective other foreign borrowers. All obligations under the senior secured credit facilities, and the guarantees of those obligations, are also secured by pledges of 100% of the capital stock of Aramark Services, Inc. and 100% of the capital stock held by Aramark Services, Inc. or any of the U.S. Guarantors. | |||||||||||||
The senior secured credit agreement contains a number of covenants that, among other things, restrict, subject to certain exceptions, Aramark Services, Inc.’s ability to: incur additional indebtedness; issue preferred stock or provide guarantees; create liens on assets; engage in mergers or consolidations; sell assets; pay dividends, make distributions or repurchase its capital stock; make investments, loans or advances; repay or repurchase any notes; create restrictions on the payment of dividends or other amounts to Aramark Services, Inc. from its restricted subsidiaries; make certain acquisitions; engage in certain transactions with affiliates; amend material agreements governing Aramark Services, Inc.’s outstanding notes (or any indebtedness that refinances the notes); and fundamentally change Aramark Services, Inc.’s business. In addition, the senior secured revolving credit facility requires Aramark Services, Inc. to maintain a maximum senior secured leverage ratio and imposes limitations on capital expenditures. The senior secured credit agreement also contains certain customary affirmative covenants, such as financial and other reporting, and certain events of default. At October 3, 2014, Aramark Services, Inc. was in compliance with all of these covenants. | |||||||||||||
The senior secured credit agreement requires Aramark Services, Inc. to maintain a maximum Consolidated Secured Debt Ratio, defined as consolidated total indebtedness secured by a lien to Covenant Adjusted EBITDA, of 5.875x, being reduced over time to 5.125x (as of October 3, 2014—5.50x). Consolidated total indebtedness secured by a lien is defined in the senior secured credit agreement as total indebtedness outstanding under the senior secured credit agreement, capital leases, advances under the Receivables Facility and any other indebtedness secured by a lien reduced by the lesser of the amount of cash and cash equivalents on the consolidated balance sheet that is free and clear of any lien and $75 million. Non-compliance with the maximum Consolidated Secured Debt Ratio could result in the requirement to immediately repay all amounts outstanding under such agreement, which, if Aramark Services, Inc.’s revolving credit facility lenders failed to waive any such default, would also constitute a default under the indenture. The actual ratio at October 3, 2014 was 3.50x. | |||||||||||||
The senior secured credit agreement establishes an incurrence-based minimum Interest Coverage Ratio, defined as Adjusted EBITDA to consolidated interest expense, as a condition for Aramark Services, Inc. to incur additional indebtedness and to make certain restricted payments. The minimum Interest Coverage Ratio is 2.00x for the term of the senior secured credit agreement. If Aramark Services, Inc. does not maintain this minimum Interest Coverage Ratio calculated on a pro forma basis for any such additional indebtedness or restricted payments, it could be prohibited from being able to incur additional indebtedness, other than the additional funding provided for under the senior secured credit agreement and pursuant to specified exceptions, and make certain restricted payments, other than pursuant to certain exceptions. Consolidated interest expense is defined in the senior secured credit agreement as consolidated interest expense excluding interest income, adjusted for acquisitions and dispositions, further adjusted for certain non-cash or nonrecurring interest expense and Aramark Services, Inc.’s estimated share of interest expense from one equity method investee. The actual ratio was 4.16x for the twelve months ended October 3, 2014. | |||||||||||||
5.75% Senior Notes due 2020 | |||||||||||||
On March 7, 2013, Aramark Services, Inc. issued $1,000 million of 5.75% Senior Notes due March 15, 2020 (the “Senior Notes”) pursuant to an indenture, dated as of March 7, 2013 (the “Indenture”), entered into by Aramark Services, Inc. The Senior Notes were issued at par. The Senior Notes are unsecured obligations of Aramark Services, Inc. The Senior Notes rank equal in right of payment to all of Aramark Services, Inc.’s existing and future senior debt and senior in right of payment to all of Aramark Services, Inc.’s existing and future debt that is expressly subordinated in right of payment to the Senior Notes. The Senior Notes are guaranteed on a senior, unsecured basis by substantially all of the domestic subsidiaries of Aramark Services, Inc. Interest on the Senior Notes is payable on March 15 and September 15 of each year. The Senior Notes and guarantees are structurally subordinated to all of the liabilities of any of Aramark Services, Inc.’s subsidiaries that do not guarantee the Senior Notes. On December 17, 2013, the Company became a guarantor of Aramark Services, Inc.'s obligations with respect to the Senior Notes. | |||||||||||||
Prior to March 15, 2015, Aramark Services, Inc. may redeem up to 40% of the Senior Notes with the proceeds from one or more qualified equity offerings at a price equal to 105.750% of the principal amount of the Senior Notes redeemed, plus accrued and unpaid interest and additional interest, if any, to the date of redemption. In addition, at any time prior to March 15, 2015, Aramark Services, Inc. may redeem all or a portion of the Senior Notes at a price equal to 100% of the principal amount of the Senior Notes redeemed plus a “make whole” premium and accrued and unpaid interest and additional interest, if any, to the date of redemption. Thereafter, Aramark Services, Inc. has the option to redeem all or a portion of the Senior Notes at any time at the redemption prices set forth in the Indenture. | |||||||||||||
In the event of certain types of changes of control, the holders of the Senior Notes may require Aramark Services, Inc. to purchase for cash all or a portion of their Senior Notes at a purchase price equal to 101% of the principal amount of such Senior Notes, plus accrued and unpaid interest, if any, to the date of repurchase. | |||||||||||||
The Indenture contains covenants limiting Aramark Services, Inc.’s ability and the ability of its restricted subsidiaries to: incur additional indebtedness or issue certain preferred shares; pay dividends and make certain distributions, investments and other restricted payments; create certain liens; sell assets; enter into transactions with affiliates; limit the ability of restricted subsidiaries to make payments to Aramark Services, Inc.; enter into sale and leaseback transactions; merge, consolidate, sell or otherwise dispose of all or substantially all of Aramark Services, Inc.’s assets; and designate Aramark Services, Inc.’s subsidiaries as unrestricted subsidiaries. The Indenture also provides for events of default which, if any of them occurs, would permit or require the principal of and accrued interest on the Senior Notes to become or to be declared due and payable. | |||||||||||||
During fiscal 2013, approximately $13.8 million of third-party costs directly attributable to the Senior Notes were capitalized and are included in “Other Assets” in the Consolidated Balance Sheets. Approximately $7.3 million of the third-party costs were paid to entities affiliated with GS Capital Partners and J.P. Morgan Partners. | |||||||||||||
Repurchase of 8.50% Senior Notes due 2015, Senior Floating Rate Notes due 2015 and 8.625% / 9.375% Senior Notes due 2016 | |||||||||||||
During fiscal 2013, in connection with the tender offer and the full and complete satisfaction and discharge of the remaining aggregate principal of the 8.625%/9.375% Senior Notes due 2016, the 8.50% Senior Notes due 2015 and the Senior Floating Notes due 2015, the Company recorded $39.8 million of charges to "interest and Other Financing Costs, net" in the Consolidated Statements of Income consisting of $12.9 million of third party costs for the tender offer premium and $26.9 million of non-cash charges for the write-off of deferred financing costs. | |||||||||||||
Future Maturities and Interest and Other Financing Costs, net | |||||||||||||
At October 3, 2014, annual maturities on long-term borrowings maturing in the next five fiscal years and thereafter (excluding the $19.0 million discount on the senior secured term loan facilities) are as follows (in thousands): | |||||||||||||
2015 | $ | 89,805 | |||||||||||
2016 | $ | 116,750 | |||||||||||
2017 | $ | 391,664 | |||||||||||
2018 | $ | 48,011 | |||||||||||
2019 | $ | 1,363,475 | |||||||||||
Thereafter | $ | 3,454,928 | |||||||||||
The components of interest and other financing costs, net, are summarized as follows (in thousands): | |||||||||||||
Fiscal Year Ended | |||||||||||||
3-Oct-14 | 27-Sep-13 | 28-Sep-12 | |||||||||||
Interest expense | $ | 334,442 | $ | 425,625 | $ | 459,083 | |||||||
Interest income | (4,338 | ) | (6,430 | ) | (5,477 | ) | |||||||
Other financing costs | 4,782 | 4,650 | 3,201 | ||||||||||
Total | $ | 334,886 | $ | 423,845 | $ | 456,807 | |||||||
Derivative_Instruments
Derivative Instruments | 12 Months Ended | ||||||||||||||
Oct. 03, 2014 | |||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | ||||||||||||||
Derivative Instruments | ' | ||||||||||||||
DERIVATIVE INSTRUMENTS: | |||||||||||||||
The Company enters into contractual derivative arrangements to manage changes in market conditions related to interest on debt obligations, foreign currency exposures and exposure to fluctuating gasoline and diesel fuel prices. Derivative instruments utilized during the period include interest rate swap agreements, foreign currency forward exchange contracts, and gasoline and diesel fuel agreements. All derivative instruments are recognized as either assets or liabilities on the balance sheet at fair value at the end of each quarter. The counterparties to the Company’s contractual derivative agreements are all major international financial institutions. The Company is exposed to credit loss in the event of nonperformance by these counterparties. The Company continually monitors its positions and the credit ratings of its counterparties, and does not anticipate nonperformance by the counterparties. For designated hedging relationships, the Company formally documents the hedging relationship and its risk management objective and strategy for undertaking the hedge, the hedging instrument, the hedged item, the nature of the risk being hedged, how the hedging instrument’s effectiveness in offsetting the hedged risk will be assessed prospectively and retrospectively, and a description of the method of measuring ineffectiveness. The Company also formally assesses, both at the hedge’s inception and on an ongoing basis, whether the derivatives that are used in hedging transactions are highly effective in offsetting cash flows of hedged items. | |||||||||||||||
Cash Flow Hedges | |||||||||||||||
The Company has $2.9 billion notional amount of outstanding interest rate swap agreements, fixing the rate on a like amount of variable rate borrowings. During fiscal 2014, the Company entered into $1.1 billion notional amount of forward starting interest rate swap agreements to hedge the cash flow risk of variability in interest payments on variable rate borrowings. During the second quarter of fiscal 2014, as a result of the 2014 Amendment Agreement, the Company de-designated the interest rate swap agreements as the terms of the interest rate swaps did not match the terms of the new term loans. Prior to the 2014 Amendment Agreement, these agreements met the required criteria to be designated as cash flow hedging instruments. As a result of the de-designation, the mark-to-market values of the Company's cash flow hedges included in Accumulated Other Comprehensive Loss, which was approximately $22.8 million of unrealized net of tax losses, were frozen as of the de-designation date and will be reclassified into earnings as the underlying hedged transactions affect earnings. In February 2014, the Company amended the interest rate swap agreements to match the terms of the new term loans under the 2014 Amendment Agreement to meet the criteria to be designated as cash flow hedging instruments. Changes in the fair value of a derivative that is designated as and meets all the required criteria for a cash flow hedge are recorded in accumulated other comprehensive income (loss) and reclassified into earnings as the underlying hedged item affects earnings. As of October 3, 2014 and September 27, 2013, approximately ($19.7) million and ($20.5) million of unrealized net of tax losses related to the interest rate swaps were included in “Accumulated other comprehensive loss,” respectively. The hedge ineffectiveness for these cash flow hedging instruments during fiscal 2014, fiscal 2013 and fiscal 2012 was not material. | |||||||||||||||
The Company has $74.9 million of outstanding amortizing cross currency swaps to mitigate the risk of variability in principal and interest payments on the Canadian subsidiary's variable rate debt denominated in U.S. dollars. During fiscal 2014, approximately $82.7 million of amortizing cross currency swaps matured. As of October 3, 2014 and September 27, 2013, unrealized net of tax losses of approximately ($6.5) million and ($3.5) million related to the cross currency swap were included in “Accumulated other comprehensive loss,” respectively. The hedge ineffectiveness for this cash flow hedging instrument during fiscal 2014 and fiscal 2013 was not material. The hedge ineffectiveness for fiscal 2012 was approximately $3.6 million. | |||||||||||||||
As a result of Amendment Agreement No. 3 on December 20, 2012, the Company de-designated the cross currency swap that hedged the Canadian subsidiary's term loan with a maturity date of January 26, 2014. Prior to Amendment Agreement No. 3, these contracts met the required criteria to be designated as cash flow hedging instruments. As a result, approximately $3.2 million was reclassified from “Accumulated other comprehensive loss” in the Consolidated Balance Sheets to “Interest and Other Financing Costs, net” in the Consolidated Statements of Income during fiscal 2013. | |||||||||||||||
The following table summarizes the net of tax effect of our derivatives designated as cash flow hedging instruments on Comprehensive Income (in thousands): | |||||||||||||||
Fiscal Year Ended | |||||||||||||||
October 3, 2014 | September 27, 2013 | September 28, 2012 | |||||||||||||
Interest rate swap agreements | $ | 854 | $ | 7,598 | $ | 28,147 | |||||||||
Cross currency swap agreements | (3,050 | ) | 1,514 | 5,580 | |||||||||||
Natural gas hedge agreements | — | — | 113 | ||||||||||||
$ | (2,196 | ) | $ | 9,112 | $ | 33,840 | |||||||||
Derivatives not Designated in Hedging Relationships | |||||||||||||||
In fiscal 2013, as a result of Amendment Agreement No. 3, the Company elected to de-designate the cross currency swaps that hedged the Canadian subsidiary's term loan with a maturity date of January 26, 2014. As a result, changes in the fair value of these swaps are recorded in earnings. During the second quarter of fiscal 2014, the cross currency swap matured. For fiscal 2014 and fiscal 2013, the Company recorded a pretax gain of approximately $5.8 million and $3.0 million for the change in the fair value of these swaps in “Interest and Other Financing Costs, net” in the Consolidated Statements of Income, respectively. | |||||||||||||||
The Company entered into a series of pay fixed/receive floating gasoline and diesel fuel agreements based on the Department of Energy weekly retail on-highway index in order to limit its exposure to price fluctuations for gasoline and diesel fuel. During fiscal 2014, the Company entered into contracts for approximately 8.8 million gallons. As of October 3, 2014, the Company has contracts for approximately 6.2 million gallons outstanding for fiscal 2015. The Company does not record its gasoline and diesel fuel agreements as hedges for accounting purposes. During fiscal 2014, the Company recorded a pretax loss of $1.8 million in the Consolidated Statements of Income for the change in the fair value of these agreements. The impact on earnings related to the change in fair value of these contracts for fiscal years ended 2013 and 2012 was not material. | |||||||||||||||
As of October 3, 2014, the Company had foreign currency forward exchange contracts outstanding with notional amounts of €13.4 million, £6.0 million and CAD74.8 million to mitigate the risk of changes in foreign currency exchange rates on short-term intercompany loans to certain international subsidiaries. Gains and losses on these foreign currency exchange contracts are recognized in income as the contracts were not designated as hedging instruments, substantially offsetting currency transaction gains and losses on the short-term intercompany loans. | |||||||||||||||
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 the Consolidated Balance Sheets (in thousands): | |||||||||||||||
Balance Sheet Location | 3-Oct-14 | September 27, 2013 | |||||||||||||
ASSETS | |||||||||||||||
Not designated as hedging instruments: | |||||||||||||||
Foreign currency forward exchange contracts | Prepayments | $ | 379 | $ | — | ||||||||||
Gasoline and diesel fuel agreements | Prepayments | — | 37 | ||||||||||||
$ | 379 | $ | 37 | ||||||||||||
LIABILITIES | |||||||||||||||
Designated as hedging instruments: | |||||||||||||||
Interest rate swap agreements | Accrued Expenses | $ | — | $ | 3,494 | ||||||||||
Interest rate swap agreements | Other Noncurrent Liabilities | 27,015 | 30,431 | ||||||||||||
Cross currency swap agreements | Other Noncurrent Liabilities | 7,467 | 16,129 | ||||||||||||
34,482 | 50,054 | ||||||||||||||
Not designated as hedging instruments: | |||||||||||||||
Foreign currency forward exchange contracts | Accounts Payable | — | 366 | ||||||||||||
Gasoline and diesel fuel agreements | Accounts Payable | 1,783 | — | ||||||||||||
Cross currency swap agreements | Accrued Expenses | — | 12,818 | ||||||||||||
$ | 36,265 | $ | 63,238 | ||||||||||||
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 for our derivatives not designated as hedging instruments in the Consolidated Statements of Income (in thousands): | |||||||||||||||
Fiscal Year Ended | |||||||||||||||
Account | October 3, 2014 | September 27, 2013 | September 28, 2012 | ||||||||||||
Designated as hedging instruments: | |||||||||||||||
Interest rate swap agreements | Interest Expense | $ | 31,511 | $ | 23,479 | $ | 66,260 | ||||||||
Cross currency swap agreements | Interest Expense | (5,590 | ) | 289 | 18,048 | ||||||||||
Natural gas hedge agreements | Cost of services provided | — | — | 396 | |||||||||||
$ | 25,921 | $ | 23,768 | $ | 84,704 | ||||||||||
Not designated as hedging instruments: | |||||||||||||||
Cross currency swap agreements | Interest Expense | $ | (5,111 | ) | $ | 181 | $ | — | |||||||
Gasoline and diesel fuel agreements | Cost of services provided | 1,696 | 7 | 24 | |||||||||||
Foreign currency forward exchange contracts | Interest Expense | 3,644 | 2,697 | (265 | ) | ||||||||||
229 | 2,885 | (241 | ) | ||||||||||||
$ | 26,150 | $ | 26,653 | $ | 84,463 | ||||||||||
The Company previously entered into a Japanese yen denominated term loan in the amount of ¥5,017.2 million. The term loan was designated as a hedge of the Company's net Japanese currency exposure represented by the equity investment in our Japanese affiliate, AIM Services Co., Ltd. | |||||||||||||||
At October 3, 2014, the net of tax loss expected to be reclassified from “Accumulated other comprehensive loss” into earnings over the next twelve months based on current market rates is approximately $18.9 million. |
Employee_Pension_and_Profit_Sh
Employee Pension and Profit Sharing Plans | 12 Months Ended | ||||||||||||||||
Oct. 03, 2014 | |||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | ||||||||||||||||
Employee Pension and Profit Sharing Plans | ' | ||||||||||||||||
EMPLOYEE PENSION AND PROFIT SHARING PLANS: | |||||||||||||||||
In the United States, the Company maintains qualified contributory and non-contributory defined contribution retirement plans for eligible employees, with Company contributions to the plans based on earnings performance or salary level. The Company also has a non-qualified retirement savings plan for certain employees. The total expense of the above plans for fiscal 2014, fiscal 2013 and fiscal 2012 was $27.7 million, $32.4 million and $29.5 million, respectively. The Company also maintains similar contributory and non-contributory defined contribution retirement plans at several of its international operations. The total expense of these international plans for fiscal 2014, fiscal 2013 and fiscal 2012 was $9.6 million, $8.5 million and $5.0 million, respectively. Additionally, the Company maintains several contributory and non-contributory defined benefit pension plans, primarily in Canada and the United Kingdom. | |||||||||||||||||
The following table sets forth the components of net periodic pension cost for the Company’s single-employer defined benefit pension plans for fiscal 2014, fiscal 2013 and fiscal 2012 (in thousands): | |||||||||||||||||
Fiscal Year Ended | |||||||||||||||||
3-Oct-14 | 27-Sep-13 | 28-Sep-12 | |||||||||||||||
Service cost | $ | 9,550 | $ | 11,045 | $ | 9,961 | |||||||||||
Interest cost | 13,571 | 12,693 | 13,001 | ||||||||||||||
Expected return on plan assets | (16,544 | ) | (14,256 | ) | (12,521 | ) | |||||||||||
Settlements | 527 | 308 | 467 | ||||||||||||||
Amortization of prior service cost | 52 | 119 | 6 | ||||||||||||||
Recognized net (gain) loss | 1,131 | 3,436 | 2,392 | ||||||||||||||
Net periodic pension cost | $ | 8,287 | $ | 13,345 | $ | 13,306 | |||||||||||
The following table set forth changes in the projected benefit obligation and the fair value of plan assets for these plans (in thousands): | |||||||||||||||||
Change in benefit obligation: | October 3, 2014 | September 27, 2013 | |||||||||||||||
Benefit obligation, beginning | $ | 296,389 | $ | 306,810 | |||||||||||||
Foreign currency translation | (17,401 | ) | (7,641 | ) | |||||||||||||
Service cost | 9,550 | 11,045 | |||||||||||||||
Interest cost | 13,571 | 12,693 | |||||||||||||||
Employee contributions | 2,978 | 2,954 | |||||||||||||||
Actuarial loss (gain) | 38,274 | (12,958 | ) | ||||||||||||||
Benefits paid | (13,529 | ) | (15,172 | ) | |||||||||||||
Settlements and curtailments | (3,103 | ) | (1,342 | ) | |||||||||||||
Benefit obligation, end | $ | 326,729 | $ | 296,389 | |||||||||||||
Change in plan assets: | |||||||||||||||||
Fair value of plan assets, beginning | $ | 248,679 | $ | 222,272 | |||||||||||||
Foreign currency translation | (14,451 | ) | (5,359 | ) | |||||||||||||
Employer contributions | 23,769 | 19,731 | |||||||||||||||
Employee contributions | 2,978 | 2,954 | |||||||||||||||
Actual return on plan assets | 32,596 | 25,890 | |||||||||||||||
Benefits paid | (13,529 | ) | (15,172 | ) | |||||||||||||
Settlements | (3,108 | ) | (1,637 | ) | |||||||||||||
Fair value of plan assets, end | $ | 276,934 | $ | 248,679 | |||||||||||||
Funded Status at end of year | $ | (49,795 | ) | $ | (47,710 | ) | |||||||||||
Amounts recognized in the Consolidated Balance Sheets consist of the following (in thousands): | |||||||||||||||||
October 3, 2014 | September 27, 2013 | ||||||||||||||||
Current benefit liability (included in Accrued expenses and other current liabilities) | $ | (955 | ) | $ | (924 | ) | |||||||||||
Noncurrent benefit liability (included in Other Noncurrent Liabilities) | $ | (48,840 | ) | $ | (46,786 | ) | |||||||||||
Net actuarial loss (gain) (included in Accumulated other comprehensive (income) loss before taxes) | $ | 65,104 | $ | 47,456 | |||||||||||||
Prior service cost (included in Accumulated other comprehensive (income) loss before taxes) | $ | 36 | $ | 44 | |||||||||||||
The following weighted average assumptions were used to determine pension expense of the respective fiscal years: | |||||||||||||||||
October 3, 2014 | September 27, 2013 | ||||||||||||||||
Discount rate | 4.6 | % | 4.2 | % | |||||||||||||
Rate of compensation increase | 3.3 | % | 3.4 | % | |||||||||||||
Long-term rate of return on assets | 6.6 | % | 6.7 | % | |||||||||||||
The following weighted average assumptions were used to determine the funded status of the respective fiscal years: | |||||||||||||||||
October 3, 2014 | September 27, 2013 | ||||||||||||||||
Discount rate | 4 | % | 4.6 | % | |||||||||||||
Rate of compensation increase | 3.3 | % | 3.3 | % | |||||||||||||
Assumptions are adjusted annually, as necessary, based on prevailing market conditions and actual experience. | |||||||||||||||||
The accumulated benefit obligation as of October 3, 2014 was $302.8 million. During fiscal 2014, actuarial losses of approximately $21.3 million were recognized in other comprehensive loss (before taxes) and $1.1 million of amortization of actuarial losses was recognized as net periodic pension cost during such period. The estimated portion of net actuarial loss included in accumulated other comprehensive income (loss) as of October 3, 2014 expected to be recognized in net periodic pension cost during fiscal 2015 is approximately $1.9 million (before taxes). | |||||||||||||||||
The accumulated benefit obligation as of September 27, 2013 was $273.8 million. During fiscal 2013, actuarial gains of approximately $24.2 million were recognized in other comprehensive (loss) (before taxes) and $3.4 million of amortization of actuarial losses was recognized as net periodic pension cost during such period. | |||||||||||||||||
The following table sets forth information for the Company’s single-employer pension plans with an accumulated benefit obligation in excess of plan assets as of October 3, 2014 and September 27, 2013 (in thousands): | |||||||||||||||||
3-Oct-14 | 27-Sep-13 | ||||||||||||||||
Projected benefit obligation | $ | 148,459 | $ | 166,798 | |||||||||||||
Accumulated benefit obligation | 144,165 | 160,798 | |||||||||||||||
Fair value of plan assets | 109,789 | 131,392 | |||||||||||||||
Assets of the plans are invested with the goal of principal preservation and enhancement over the long-term. The primary goal is total return, consistent with prudent investment management. The Company’s investment policies also require an appropriate level of diversification across the asset categories. The current overall capital structure and targeted ranges for asset classes are 50-70% invested in equity securities, 25-50% invested in debt securities and 0-5% in real estate investments. Performance of the plans is monitored on a regular basis and adjustments of the asset allocations are made when deemed necessary. | |||||||||||||||||
The weighted-average long-term rate of return on assets has been determined based on an estimated weighted-average of long-term returns of major asset classes, taking into account historical performance of plan assets, the current interest rate environment, plan demographics, acceptable risk levels and the estimated value of active asset management. | |||||||||||||||||
The fair value of plan assets for the Company’s defined benefit pension plans as of October 3, 2014 and September 27, 2013 is as follows (see Note 16 for a description of the fair value levels) (in thousands): | |||||||||||||||||
3-Oct-14 | Quoted prices in | Significant other | Significant | ||||||||||||||
active markets | observable inputs | unobservable inputs | |||||||||||||||
Level 1 | Level 2 | Level 3 | |||||||||||||||
Cash and cash equivalents and other | $ | 697 | $ | 697 | $ | — | $ | — | |||||||||
Investment funds: | |||||||||||||||||
Pooled funds—equity | 168,605 | — | 168,605 | — | |||||||||||||
Pooled funds—fixed income | 98,951 | — | 98,951 | — | |||||||||||||
Real estate | 8,681 | — | — | 8,681 | |||||||||||||
Total | $ | 276,934 | $ | 697 | $ | 267,556 | $ | 8,681 | |||||||||
27-Sep-13 | Quoted prices in | Significant other | Significant | ||||||||||||||
active markets | observable inputs | unobservable inputs | |||||||||||||||
Level 1 | Level 2 | Level 3 | |||||||||||||||
Cash and cash equivalents and other | $ | 2,394 | $ | 2,394 | $ | — | $ | — | |||||||||
Investment funds: | |||||||||||||||||
Pooled funds—equity | 157,372 | — | 157,372 | — | |||||||||||||
Pooled funds—fixed income | 88,913 | — | 88,913 | — | |||||||||||||
Total | $ | 248,679 | $ | 2,394 | $ | 246,285 | $ | — | |||||||||
The fair value of the pooled separate accounts is based on the value of the underlying assets, as reported to the Plan by the trustees. The pooled separate account is comprised of a portfolio of underlying securities that can be valued on active markets. Fair value is calculated by applying the Plan’s percentage ownership in the pooled separate account to the total market value of the account’s underlying securities, and is therefore categorized as Level 2 as the Plan does not directly own shares in these underlying investments. Investments in equity securities include publicly-traded domestic (approximately 23%) and international (approximately 77%) companies that are diversified across industry, country and stock market capitalization. Investments in fixed income securities include domestic (approximately 16%) and international (approximately 84%) corporate bonds and government securities. Substantially all of the real estate investments are in international markets. Cash and cash equivalents include direct cash holdings, which are valued based on cost, and short-term deposits and investments in money market funds for which fair value measurements are all based on quoted prices for similar assets or liabilities in markets that are active. | |||||||||||||||||
It is the Company’s policy to fund at least the minimum required contributions as outlined in the required statutory actuarial valuation for each plan. The following table sets forth the benefits expected to be paid in the next five fiscal years and in aggregate for the five fiscal years thereafter by the Company’s defined benefit pension plans (in thousands): | |||||||||||||||||
Fiscal 2015 | $ | 11,617 | |||||||||||||||
Fiscal 2016 | $ | 12,188 | |||||||||||||||
Fiscal 2017 | $ | 12,865 | |||||||||||||||
Fiscal 2018 | $ | 13,495 | |||||||||||||||
Fiscal 2019 | $ | 13,241 | |||||||||||||||
Fiscal 2020 – 2024 | $ | 74,611 | |||||||||||||||
The estimated benefit payments above are based on assumptions about future events. Actual benefit payments may vary significantly from these estimates. | |||||||||||||||||
The expected contributions to be paid to the Company’s defined benefit pension plans during fiscal 2015 are approximately $13.1 million. | |||||||||||||||||
Multiemployer Defined Benefit Pension Plans | |||||||||||||||||
The Company contributes to a number of multiemployer defined benefit pension plans under the terms of collective-bargaining agreements ("CBA") that cover its union-represented employees. The risks of participating in these multiemployer plans are different from single-employer plans in the following respects: | |||||||||||||||||
a. | Assets contributed to the multiemployer plan by one employer may be used to provide benefits to employees of other participating employers. | ||||||||||||||||
b. | If a participating employer stops contributing to the plan, the unfunded obligations of the plan may be borne by the remaining participating employers. | ||||||||||||||||
c. | If the Company chooses to stop participating in some of its multiemployer plans, the Company may be required to pay those plans an amount based on the underfunded status of the plan, referred to as a withdrawal liability. | ||||||||||||||||
The Company's participation in these plans for fiscal 2014 is outlined in the table below. The “EIN/Pension Plan Number” column provides the Employee Identification Number (EIN) and the three-digit plan number, if applicable. Unless otherwise noted, the most recent Pension Protection Act (PPA) zone status available in 2014 and 2013 is for the plans' two most recent fiscal year-ends. The zone status is based on information that the Company received from the plan and is certified by the plan's actuary. Among other factors, plans in the red zone are generally less than 65 percent funded, plans in the yellow zone are less than 80 percent funded, and plans in the green zone are at least 80 percent funded. The “FIP/RP Status Pending/Implemented” column indicates plans for which a financial improvement plan (FIP) or a rehabilitation plan (RP) is either pending or has been implemented. The last column lists the expiration date(s) of the CBA(s) to which the plans are subject. There have been no significant changes that affect the comparability of fiscal 2014, fiscal 2013 and fiscal 2012 contributions. | |||||||||||||||||
Pension | EIN/Pension | Pension Protection | FIP/RP Status Pending/ Implemented | Contributions by the Company | Range of Expiration Dates of CBAs | ||||||||||||
Fund | Plan Number | Act Zone Status | (in thousands) | ||||||||||||||
2014 | 2013 | 2014 | 2013 | 2012 | Surcharge | ||||||||||||
Imposed | |||||||||||||||||
National Retirement Fund | 13-6130178/ 001 | Red | Red | Implemented | $ | 6,304 | $ | 6,011 | $ | 4,868 | No | 10/31/2012- 6/30/2018 | |||||
Service Employees Pension Fund of Upstate New York (1) | 16-0908576/ 001 | Red | Red | Implemented | 440 | 360 | 247 | No | 9/30/2014- 6/30/2015 | ||||||||
Local 1102 Retirement Trust (2) | 13-1847329/ 001 | Red | Red | Implemented | 334 | 275 | 201 | No | 6/30/2013- 6/30/2015 | ||||||||
Central States SE and SW Areas Pension Plan | 36-6044243/ 001 | Red | Red | Implemented | 3,549 | 3,415 | 3,164 | No | 1/31/2007- 11/26/2015 | ||||||||
Pension Plan for Hospital & Health Care Employees Philadelphia & Vicinity | 23-2627428/ 001 | Yellow | Yellow | Implemented | 156 | 161 | 154 | No | 1/31/18 | ||||||||
Retail, Wholesale and Department Store International Union and Industry Pension Fund | 63-0708442/001 | Green | Green | N/A | 307 | 306 | 292 | No | 5/13/2014- 1/29/2018 | ||||||||
Local 731 IBT Textile Maintenance and Laundry Craft Pension Fund | 51-6056180/001 | Red | Red | Implemented | 668 | 453 | 384 | No | 4/29/16 | ||||||||
SEIU National Industry Pension Fund | 52-6148540/001 | Red | Red | Implemented | 47 | 173 | 280 | No | 4/14/16 | ||||||||
Automotive Industries Pension Plan | 94-1133245/001 | Red | Red | Implemented | 29 | 28 | 27 | No | 5/31/14 | ||||||||
Other funds | 13,289 | 13,081 | 12,684 | ||||||||||||||
Total contributions | $ | 25,123 | $ | 24,263 | $ | 22,301 | |||||||||||
-1 | Over 60% of the Company's participants in this fund are covered by a single CBA that expires on 6/30/2015. | ||||||||||||||||
-2 | Over 90% of the Company's participants in this fund are covered by a single CBA that expires on 6/30/2015. | ||||||||||||||||
The Company provided more than 5 percent of the total contributions for the following plans and plan years: | |||||||||||||||||
Pension | Contributions to the plan exceeded more than 5% of total contributions (as of the plan's year-end) | ||||||||||||||||
Fund | |||||||||||||||||
Local 1102 Retirement Trust | 12/31/ 2013 and 12/31/2012 | ||||||||||||||||
Service Employees Pension Fund of Upstate New York | 12/31/ 2013 and 12/31/2012 | ||||||||||||||||
Local 731 IBT Textile Maintenance and Laundry Craft Pension Fund | 12/31/2013 and 12/31/2012 | ||||||||||||||||
At the date the Company's financial statements were issued, Forms 5500 were not available for the plan years ending in 2014. |
Income_Taxes
Income Taxes | 12 Months Ended | ||||||||||||
Oct. 03, 2014 | |||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||
Income Taxes | ' | ||||||||||||
INCOME TAXES: | |||||||||||||
The Company accounts for income taxes using the asset and liability method. Under this method, the provision for income taxes represents income taxes payable or refundable for the current year plus the change in deferred taxes during the year. Deferred taxes result from differences between the financial and tax bases of the Company’s assets and liabilities and are adjusted for changes in tax rates and tax laws when changes are enacted. Valuation allowances are recorded to reduce deferred tax assets when it is more likely than not that a tax benefit will not be realized. Interest and penalties related to income tax matters are included in the provision for income taxes. | |||||||||||||
The components of income from continuing operations before income taxes by source of income are as follows (in thousands): | |||||||||||||
Fiscal Year Ended | |||||||||||||
October 3, 2014 | September 27, 2013 | September 28, 2012 | |||||||||||
United States | $ | 110,936 | $ | 18,557 | $ | 34,498 | |||||||
Non-U.S. | 118,741 | 72,072 | 90,470 | ||||||||||
$ | 229,677 | $ | 90,629 | $ | 124,968 | ||||||||
The provision for income taxes consists of (in thousands): | |||||||||||||
Fiscal Year Ended | |||||||||||||
October 3, 2014 | September 27, 2013 | September 28, 2012 | |||||||||||
Current: | |||||||||||||
Federal | $ | 6,692 | $ | 2,740 | $ | 45,173 | |||||||
State and local | 5,308 | 126 | 7,205 | ||||||||||
Non-U.S. | 30,846 | 34,158 | 32,301 | ||||||||||
$ | 42,846 | $ | 37,024 | $ | 84,679 | ||||||||
Deferred: | |||||||||||||
Federal | $ | 32,843 | $ | (1,007 | ) | $ | (42,515 | ) | |||||
State and local | 2,515 | (656 | ) | (11,189 | ) | ||||||||
Non-U.S. | 2,014 | (16,128 | ) | (12,909 | ) | ||||||||
37,372 | (17,791 | ) | (66,613 | ) | |||||||||
$ | 80,218 | $ | 19,233 | $ | 18,066 | ||||||||
Current taxes receivable of $85.8 million and $44.6 million at October 3, 2014 and September 27, 2013, respectively, are included in “Prepayments and other current assets.” | |||||||||||||
The provision for income taxes varies from the amount determined by applying the United States Federal statutory rate to pretax income as a result of the following (all percentages are as a percentage of income from continuing operations before income taxes): | |||||||||||||
Fiscal Year Ended | |||||||||||||
October 3, 2014 | September 27, 2013 | September 28, 2012 | |||||||||||
United States statutory income tax rate | 35 | % | 35 | % | 35 | % | |||||||
Increase (decrease) in taxes, resulting from: | |||||||||||||
State income taxes, net of Federal tax benefit | 2.2 | 1 | 0.5 | ||||||||||
Foreign taxes | (2.3 | ) | (2.2 | ) | (9.8 | ) | |||||||
Permanent book/tax differences | 2.7 | 1.8 | (0.6 | ) | |||||||||
Uncertain tax positions | (0.4 | ) | (1.6 | ) | (1.8 | ) | |||||||
Tax credits & other | (2.3 | ) | (12.8 | ) | (8.8 | ) | |||||||
Effective income tax rate | 34.9 | % | 21.2 | % | 14.5 | % | |||||||
The effective tax rate is based on expected income, statutory tax rates and tax planning opportunities available to the Company in the various jurisdictions in which it operates. Judgment is required in determining the effective tax rate and in evaluating the Company’s tax positions. The Company establishes reserves when, despite the belief that the Company’s tax return positions are supportable, the Company believes that certain positions are likely to be challenged and that the Company may not succeed. The Company adjusts these reserves in light of changing facts and circumstances, such as the progress of a tax audit. The effective tax rate includes the impact of reserve provisions and changes to the reserve that the Company considers appropriate, as well as related interest and penalties. | |||||||||||||
As of October 3, 2014, certain subsidiaries have recorded deferred tax assets of $27.1 million associated with accumulated federal, state and foreign net operating loss carryforwards. The Company has approximately $12.0 million valuation allowance as of October 3, 2014 against these carryforwards due to the uncertainty of its realization. In addition, certain subsidiaries have accumulated state net operating loss carryforwards for which no benefit has been recorded as they are attributable to uncertain tax positions. The unrecognized tax benefits, as of October 3, 2014, attributable to these net operating losses was approximately $5.2 million. Due to the uncertain tax position, these net operating losses are not included as components of deferred tax assets as of October 3, 2014. The federal, state and foreign net operating loss carryforwards will expire from 2014 through 2034. | |||||||||||||
As of October 3, 2014, the Company has approximately $7.3 million of general business credit carryforwards and $7.6 million of foreign tax credit carryforwards, which expire in 2034 and 2024, respectively. The Company believes it is more likely than not that it will be able to generate taxable income in the future sufficient to utilize these carryforwards, and no valuation allowance is necessary. The Company does not currently hold significant or excessive cash balances at any of its foreign operations and does not consider any of its unremitted earnings to be permanently reinvested. Therefore, the Company has provided a deferred tax liability for incremental United States taxes on all unremitted earnings. | |||||||||||||
As of October 3, 2014 and September 27, 2013, the components of deferred taxes are as follows (in thousands): | |||||||||||||
October 3, 2014 | September 27, 2013 | ||||||||||||
Deferred tax liabilities: | |||||||||||||
Property and equipment | $ | 52,484 | $ | 71,425 | |||||||||
Investments | 36,233 | 43,527 | |||||||||||
Other intangible assets, including goodwill | 674,097 | 700,526 | |||||||||||
Inventory and Other | 96,919 | 70,037 | |||||||||||
Gross deferred tax liability | 859,733 | 885,515 | |||||||||||
Deferred tax assets: | |||||||||||||
Insurance | 27,574 | 36,458 | |||||||||||
Employee compensation and benefits | 210,906 | 218,491 | |||||||||||
Accruals and allowances | 22,216 | 37,876 | |||||||||||
Derivatives | — | 18,449 | |||||||||||
Net operating loss/credit carryforwards and other | 43,320 | 37,264 | |||||||||||
Gross deferred tax asset, before valuation allowances | 304,016 | 348,538 | |||||||||||
Valuation allowances | (12,032 | ) | (10,263 | ) | |||||||||
Net deferred tax liability | $ | 567,749 | $ | 547,240 | |||||||||
Current deferred tax assets of $0 and $42.7 million are included in “Prepayments and other current assets” as of October 3, 2014 and September 27, 2013, respectively. Current deferred tax liabilities of $14.7 million and $0 are included in "Accrued expenses and other current liabilities" as of October 3, 2014 and September 27, 2013, respectively. Deferred tax liabilities of $553.0 million and $589.9 million as of October 3, 2014 and September 27, 2013, respectively, are included in “Deferred Income Taxes and Other Noncurrent Liabilities." | |||||||||||||
The Company had approximately $26.2 million of total gross unrecognized tax benefits as of October 3, 2014, all of which, if recognized, would impact the effective tax rate. A reconciliation of the beginning and ending amount of gross unrecognized tax benefits follows (in thousands): | |||||||||||||
October 3, 2014 | September 27, 2013 | ||||||||||||
Balance, beginning of year | $ | 27,337 | $ | 31,977 | |||||||||
Additions based on tax positions taken in the current year | 804 | 2,342 | |||||||||||
Additions/Reductions for tax positions taken in prior years | 3,306 | (1,123 | ) | ||||||||||
Reductions for remeasurements, settlements and payments | (597 | ) | (3,919 | ) | |||||||||
Reductions due to statute expiration | (4,633 | ) | (1,940 | ) | |||||||||
Balance, end of year | $ | 26,217 | $ | 27,337 | |||||||||
The Company had approximately $5.9 million and $7.0 million accrued for interest and penalties as of October 3, 2014 and September 27, 2013, respectively, and recorded approximately ($1.0) million and ($0.3) million in interest and penalties during fiscal 2014 and fiscal 2013, respectively. | |||||||||||||
The Company does not expect the amount of unrecognized tax benefits to significantly change within the next 12 months. | |||||||||||||
The Company is subject to United States federal income tax as well as income tax of multiple state and foreign jurisdictions. The Company has substantially concluded all United States federal income tax matters for years through 2010, with the exception of certain Work Opportunity Tax Credits and Welfare to Work Tax Credits which are pending the outcome of Protective Refund Claims filed for 1998 through 2006. The Company's federal income tax returns for fiscal years ended September 28, 2012 and September 27, 2013 will be under examination by the Internal Revenue Service beginning in the first quarter of 2015. The Company believes that adequate amounts have been reserved for any adjustments which may ultimately result from these examinations. | |||||||||||||
The Company has significant operations in approximately 20 states and foreign taxing jurisdictions. A number of years may elapse before a particular tax reporting year is audited and finally resolved. The Company has open tax years in these jurisdictions ranging from 1 to 10 years. While it is often difficult to predict the final outcome or the timing of resolution of any particular tax matter, the Company does not anticipate any adjustments resulting from state or foreign tax audits would result in a material change to the results of operations or financial condition. However, unfavorable settlement of any particular issue would require use of the Company's cash. |
Capital_Stock
Capital Stock | 12 Months Ended |
Oct. 03, 2014 | |
Capital Stock [Abstract] | ' |
Capital Stock | ' |
CAPITAL STOCK: | |
On December 17, 2013, the Company completed an IPO of 28.0 million shares of its common stock at a price of $20.00 per share raising approximately $524.1 million, net of costs directly related to the IPO. GS Capital Partners and J.P. Morgan Partners each received approximately $6.5 million of underwriters' discounts relating to the shares sold by the Company which were included in the costs directly related to the IPO. The Company used the net proceeds to repay borrowings on the senior secured revolving credit facility and a portion of the principal on the senior secured term loan facility (see Note 5). In addition, the Company paid cash bonuses and certain other expenses of approximately $5.0 million related to the IPO which were included in the Consolidated Statements of Income. | |
Prior the IPO, pursuant to the Amended and Restated Stockholders Agreement of the Company, upon termination of employment from the Company or one of its subsidiaries members of the Company's management (other than Mr. Neubauer) who held shares of common stock could have caused the Company to repurchase all of their initial investment shares (as defined) or shares acquired as a result of the exercise of Installment Stock Purchase Opportunities at appraised market fair value. Generally, payment for shares repurchased could have been, at the Company's option, in cash or installment notes, which would be effectively subordinated to all indebtedness of the Company. The amount of this potential repurchase obligation had been classified outside of stockholders' equity. With completion of the IPO, this provision was terminated. The amount of common stock subject to repurchase as of October 3, 2014 and September 27, 2013 was $0 and $158.7 million, respectively. | |
During the fiscal year ended October 3, 2014, the Company paid dividends of approximately $52.2 million to its stockholders. On November 11, 2014, the Company's Board declared a $0.08625 dividend per share of common stock, payable on December 16, 2014, to shareholders of record on the close of business on November 25, 2014. |
ShareBased_Compensation
Share-Based Compensation | 12 Months Ended | ||||||||||||
Oct. 03, 2014 | |||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||
Share-Based Compensation | ' | ||||||||||||
SHARE-BASED COMPENSATION: | |||||||||||||
On November 12, 2013, the Board of Directors (the "Board") approved, and the stockholders of Aramark adopted by written consent, the Aramark 2013 Stock Incentive Plan (the “2013 Stock Plan”), which became effective on December 1, 2013. The 2013 Stock Plan provides that the total number of shares of common stock that may be issued under the 2013 Stock Plan is 25,500,000. In connection with the adoption of the 2013 Stock Plan, the Board approved, and the stockholders of Aramark adopted by written consent, the Fifth Amended and Restated Aramark 2007 Management Stock Incentive Plan (the “Fifth Amended Stock Plan”) which amended certain terms of the 2007 Management Stock Incentive Plan ("2007 MSIP") in contemplation of the IPO, including providing that no awards will be granted under the Fifth Amended Stock Plan shortly following the consummation of an initial public offering, as grants following the IPO are made under the 2013 Stock Plan. | |||||||||||||
Share-based compensation expense charged to expense for fiscal 2014, fiscal 2013 and fiscal 2012 was approximately $96.3 million, before taxes of approximately $37.6 million, approximately $19.4 million, before taxes of approximately $7.6 million, and approximately $15.7 million, before taxes of approximately $6.1 million, respectively. The compensation expense recognized is classified as "Selling and general corporate expenses" in the Consolidated Statements of Income. No compensation expense was capitalized. | |||||||||||||
Cash received from option exercises during fiscal 2014, fiscal 2013 and fiscal 2012 was $4.4 million, $5.6 million and $6.7 million, respectively. For fiscal 2014, fiscal 2013 and fiscal 2012, the amount of tax benefits included in “Other financing activities” in the Consolidated Statements of Cash Flows was $40.5 million, $4.8 million and $4.5 million, respectively. | |||||||||||||
Stock Options | |||||||||||||
Each award of stock options under the 2007 MSIP is comprised of two types of stock options. One-half of the options awarded vest solely based upon continued employment over a specific period of time, generally four years (“Time-Based Options”). One-half of the options awarded vest based both upon continued employment and upon the achievement of a level of earnings before interest and taxes (“EBIT”), as defined in the 2007 MSIP, over time, generally four years (“Performance-Based Options”). The Performance-Based Options may also vest in part or in full upon the occurrence of specific return-based events. The exercise price for Time-Based Options and Performance-Based Options equals the fair value of the Company’s stock on the date of the grant. All options remain exercisable for ten years from the date of grant. Due to the adoption of the Fifth Amended and Restated Aramark 2007 MSIP on during fiscal 2013, all stock option awards will provide for 100% time-based vesting. | |||||||||||||
Time-Based Options | |||||||||||||
The fair value of the Time-Based Options granted was estimated using the Black-Scholes option pricing model and the weighted-average assumptions noted in the table below. The expected volatility is based on an average of the historical volatility of the Company’s competitors’ stocks over the expected term of the stock options. The expected life represents the period of time that options granted are expected to be outstanding and is calculated using the simplified method as permitted under Securities and Exchange Commission (“SEC”) rules and regulations due to the lack of history of our equity incentive plan. The simplified method uses the midpoint between an option's vesting date and contractual term. The risk-free rate is based on the United States Treasury security with terms equal to the expected life of the option as of the grant date. | |||||||||||||
Fiscal Year Ended | |||||||||||||
October 3, 2014 | September 27, 2013 | September 28, 2012 | |||||||||||
Expected volatility | 30% | 30% | 30% | ||||||||||
Expected dividend yield | 1.50% | 0% | 0% | ||||||||||
Expected life (in years) | 6.25 | 6.25 | 6.25 | ||||||||||
Risk-free interest rate | 2.06% - 2.33% | 1.02% - 2.36% | 1.04% - 1.61% | ||||||||||
The weighted-average grant-date fair value of Time-Based Options granted during fiscal 2014, fiscal 2013 and fiscal 2012 was $6.72, $5.41 and $4.57 per option, respectively. | |||||||||||||
Compensation expense for Time-Based Options is recognized on a straight-line basis over the vesting period during which employees perform related services. Approximately $12.9 million, $9.3 million and $8.5 million was charged to expense during fiscal 2014, fiscal 2013 and fiscal 2012 for Time-Based Options, respectively. The Company has applied a forfeiture assumption of 8.7% per annum in the calculation of such expense. | |||||||||||||
As of October 3, 2014, there was approximately $26.6 million of unrecognized compensation expense related to nonvested Time-Based Options, which is expected to be recognized over a weighted-average period of approximately 2.71 years. | |||||||||||||
A summary of Time-Based Options activity is presented below: | |||||||||||||
Options | Shares | Weighted- | Aggregate Intrinsic Value ($000s) | Weighted-Average Remaining Term (Years) | |||||||||
(000s) | Average | ||||||||||||
Exercise | |||||||||||||
Price | |||||||||||||
Outstanding at September 27, 2013 | 18,908 | $ | 11.04 | ||||||||||
Granted | 2,080 | $ | 23.81 | ||||||||||
Exercised | (4,283 | ) | $ | 7.7 | |||||||||
Forfeited and expired | (956 | ) | $ | 15.48 | |||||||||
Outstanding at October 3, 2014 | 15,749 | $ | 13.37 | $ | 205,928 | 6.6 | |||||||
Exercisable at October 3, 2014 | 8,475 | $ | 9.74 | $ | 141,562 | 5 | |||||||
Expected to vest at October 3, 2014 | 5,795 | $ | 17.68 | $ | 50,827 | 8.6 | |||||||
The total intrinsic value of Time-Based Options exercised during fiscal 2014, fiscal 2013 and fiscal 2012 was $79.9 million, $17.2 million and $15.0 million, respectively. The total fair value of Time-Based Options that vested during fiscal 2014, fiscal 2013 and fiscal 2012 was $13.2 million, $3.9 million and $7.9 million, respectively. | |||||||||||||
Performance-Based Options | |||||||||||||
The fair value of the Performance-Based Options was estimated using the Black-Scholes option pricing model and the weighted-average assumptions noted in the table below. The expected volatility is based on an average of the historical volatility of the Company’s competitors’ stocks over the expected term of the stock options. The expected life represents the period of time that options granted are expected to be outstanding and is calculated using the simplified method as permitted under SEC rules and regulations due to the lack of history of our equity incentive plan. The simplified method uses the midpoint between an option's vesting date and contractual term. The risk-free rate is based on the United States Treasury security with terms equal to the expected life of the option as of the grant date. | |||||||||||||
Fiscal Year Ended | |||||||||||||
October 3, 2014 | September 27, 2013 | September 28, 2012 | |||||||||||
Expected volatility | 30% | 30% | 30% | ||||||||||
Expected dividend yield | 1.50% | 0% | 0% | ||||||||||
Expected life (in years) | 4.0 - 5.0 | 4.5 - 5.5 | 5.0 - 6.0 | ||||||||||
Risk-free interest rate | 0.65% - 1.47% | 0.61% - 0.85% | 0.73% - 1.04% | ||||||||||
The weighted-average grant-date fair value of the Performance-Based Options granted during fiscal 2014, fiscal 2013 and fiscal 2012 was $9.20, $4.54 and $3.91 per option, respectively. | |||||||||||||
On November 11, 2013, the Compensation Committee approved an amendment to all outstanding 2007 MSIP Option Agreements (the “Performance Option Amendment”) modifying the vesting provisions relating to outstanding performance-based options granted under the 2007 MSIP. The Performance Option Amendment provides that in the event of an initial public offering of Aramark, subject to continued employment on such date, 50% of any then-unvested performance-based options that did not meet applicable performance thresholds in prior years (the “Missed Year Options”) will become vested if the initial public offering price for the common stock of Aramark equals or exceeds $20.00 per share. In addition, during the 18 month period following the initial public offering, if the closing trading price for common stock of Aramark equals or exceeds $25.00 per share over any consecutive twenty day trading period, 100% of the Missed Year Options will become vested. There were a total of approximately 5.0 million Missed Year Options which fully vested by the second quarter of fiscal 2014 as all performance targets were met. The fair values of the Missed Year Options were valued at the award modification date using a Monte-Carlo option model, which simulates a range of possible future stock prices and estimates the probabilities of meeting the modified vesting provision of the trading price for the common stock of Aramark equaling or exceeding $25.00 per share over any consecutive twenty day trading period during the 18 month period following the initial public offering. The following weighted-average assumptions were used in estimating the fair value of the Missed Year Options: estimated volatility (30%), expected dividend yield (1.5%), expected life (3-8 years) and risk-free rate (0.66%-2.63%). The weighted-average fair value of the Missed Year Options modified on November 11, 2013 was $10.19 per option. | |||||||||||||
Compensation expense for Performance-Based Options is recognized principally on a straight-line basis over the requisite performance and service periods. During fiscal 2014, the Company recognized a charge to expense of approximately $58.5 million, which includes approximately $50.9 million million related to the Missed Year Options that were modified. During fiscal 2013 and 2012, $6.4 million and $3.6 million was charged to expense for Performance-Based Options, respectively. The Company has applied a forfeiture assumption of 8.7% per annum in the calculation of such expense. | |||||||||||||
As of October 3, 2014, there was approximately $2.2 million of unrecognized compensation expense related to nonvested Performance-Based Options, which is expected to be recognized over a weighted-average period of approximately 0.56 years. | |||||||||||||
A summary of Performance-Based Options activity is presented below: | |||||||||||||
Options | Shares | Weighted- | Aggregate Intrinsic Value ($000s) | Weighted-Average Remaining Term (Years) | |||||||||
(000s) | Average | ||||||||||||
Exercise | |||||||||||||
Price | |||||||||||||
Outstanding at September 27, 2013 | 13,938 | $ | 8.86 | ||||||||||
Granted | — | $ | — | ||||||||||
Exercised | (3,853 | ) | $ | 7.46 | |||||||||
Forfeited and expired | (755 | ) | $ | 9.88 | |||||||||
Outstanding at October 3, 2014 | 9,330 | $ | 9.36 | $ | 159,341 | 4.9 | |||||||
Exercisable at October 3, 2014 | 7,646 | $ | 8.52 | $ | 137,025 | 4.4 | |||||||
Expected to vest at October 3, 2014 | 901 | $ | 12.81 | $ | 12,291 | 6.5 | |||||||
The total intrinsic value of Performance-Based Options exercised during fiscal 2014, fiscal 2013 and fiscal 2012 was $74.6 million, $8.5 million and $7.5 million, respectively. The total fair value of Performance-Based Options that vested during fiscal 2014, fiscal 2013 and fiscal 2012 was $58.8 million, $0.2 million and $6.7 million, respectively. | |||||||||||||
Installment Stock Purchase Opportunities | |||||||||||||
The Company recorded approximately $2.0 million, $1.6 million and $1.0 million of compensation expense related to ISPOs and the exchanged restricted stock and non-qualified stock options during the fiscal years ended 2014, 2013 and 2012, respectively. | |||||||||||||
Deferred Stock Units | |||||||||||||
Deferred stock units are issued only to non-employee members of the Board of Directors of the Company and represent the right to receive shares of the Company’s common stock in the future. Each deferred stock unit will be converted to one share of the Company’s common stock six months and one day after the date on which such director ceases to serve as a member of the Board of Directors. The grant-date fair value of deferred stock units is based on the fair value of the Company’s common stock. The deferred stock units vest at the time of the next annual meeting of stockholders (which is generally one year after grant). The Company granted 60,088 deferred stock units during fiscal 2014. The compensation cost charged to expense during fiscal 2014, fiscal 2013 and fiscal 2012 for deferred stock units was approximately $1.5 million, $0.6 million and $0.5 million, respectively. | |||||||||||||
Time-Based Restricted Stock Units | |||||||||||||
The Restricted Stock Unit Agreement provides for grants of restricted stock units ("RSUs"), 25% of which will vest and be settled in shares on each of the first four anniversaries of the date of grant, subject to the participant's continued employment with the Company through each such anniversary. The RSU grant in connection with the IPO will vest and be settled in shares on each of the first three anniversaries of the date of grant, subject to the participant's continued employment with the Company through each such anniversary. The grant-date fair value of RSUs is based on the fair value of the Company’s common stock. Participants holding RSUs will receive the benefit of any dividends paid on shares in the form of additional RSUs. The unvested units are subject to forfeiture if employment is terminated other than due to death, disability or retirement, and the units are nontransferable while subject to forfeiture. | |||||||||||||
Restricted Stock Units | Units | Weighted Average Grant Date Fair Value | |||||||||||
(000s) | |||||||||||||
Outstanding at September 27, 2013 | 1,267 | $16.22 | |||||||||||
Granted | 2,100 | $20.53 | |||||||||||
Vested | -288 | $16.23 | |||||||||||
Forfeited | -309 | $18.23 | |||||||||||
Outstanding at October 3, 2014 | 2,770 | $19.22 | |||||||||||
The compensation cost charged to expense during fiscal 2014 and fiscal 2013 for RSUs was approximately $14.2 million and $1.3 million, respectively. As of October 3, 2014, there was approximately $35.9 million of unrecognized compensation expense related to nonvested RSUs, which is expected to be recognized over a weighted-average period of approximately 2.50 years. | |||||||||||||
Performance Stock Units | |||||||||||||
Under the 2013 Stock Plan, the Company is authorized to grant Performance Stock Units ("PSUs") to its employees. A participant is eligible to become vested in a number of PSUs equal to a percentage, higher or lower, of the target number of PSUs granted based on the level of the Company’s achievement of the performance condition. The first 33% of the award will vest on the first anniversary of the grant date if and to the extent the Company achieves these performance conditions while the remaining 67% will generally vest ratably over the next two anniversaries of the date of grant, subject to the achievement of the performance condition in the first year of grant and the participant's continued employment with the Company through each such anniversary. The grant-date fair value of the PSUs is based on the fair value of the Company's common stock. | |||||||||||||
During fiscal 2014, the Company granted approximately 0.7 million PSUs with a weighted-average grant-date fair value of $24.12 with performance conditions based upon the achievement of a level of adjusted earnings per share. The compensation cost charged to expense during fiscal 2014 for PSUs was approximately $7.2 million. As of October 3, 2014, there was approximately $7.8 million of unrecognized compensation expense related to nonvested PSUs, which is expected to be recognized over a weighted-average period of approximately 1.55 years. |
Earnings_Per_Share
Earnings Per Share | 12 Months Ended | ||||||||||||
Oct. 03, 2014 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Earnings Per Share | ' | ||||||||||||
EARNINGS PER SHARE: | |||||||||||||
Basic earnings per share is computed using the weighted average number of common shares outstanding during the periods presented. Diluted earnings per share is computed using the weighted average number of common shares outstanding adjusted to include the potentially dilutive effect of stock awards. | |||||||||||||
The following table sets forth the computation of basic and diluted earnings per share attributable to the Company's stockholders (in thousands, except per share data): | |||||||||||||
Fiscal Year Ended | |||||||||||||
October 3, 2014 | September 27, 2013 | September 28, 2012 | |||||||||||
Earnings: | |||||||||||||
Income from Continuing Operations attributable to Aramark stockholders | $148,956 | $70,386 | $103,254 | ||||||||||
Income (loss) from Discontinued Operations attributable to Aramark stockholders | — | (1,030 | ) | 297 | |||||||||
Net income attributable to Aramark stockholders | $148,956 | $69,356 | $103,551 | ||||||||||
Shares: | |||||||||||||
Basic weighted-average shares outstanding | 225,866 | 201,916 | 203,211 | ||||||||||
Effect of dilutive securities | 11,585 | 7,454 | 6,496 | ||||||||||
Diluted weighted-average shares outstanding | 237,451 | 209,370 | 209,707 | ||||||||||
Basic Earnings Per Share: | |||||||||||||
Income from Continuing Operations | $0.66 | $0.35 | $0.51 | ||||||||||
Income (loss) from Discontinued Operations | — | (0.01 | ) | — | |||||||||
$0.66 | $0.34 | $0.51 | |||||||||||
Diluted Earnings Per Share: | |||||||||||||
Income from Continuing Operations | $0.63 | $0.34 | $0.49 | ||||||||||
Income (loss) from Discontinued Operations | — | (0.01 | ) | — | |||||||||
$0.63 | $0.33 | $0.49 | |||||||||||
Share-based awards to purchase 1.5 million, 6.0 million and 3.2 million shares were outstanding at October 3, 2014, September 27, 2013 and September 28, 2012, respectively, but were not included in the computation of diluted earnings per common share, as their effect would have been antidilutive. In addition, performance-based options and performance stock units to purchase 0.8 million, 7.8 million and 8.7 million shares were outstanding at October 3, 2014, September 27, 2013 and September 28, 2012, respectively, but were not included in the computation of diluted earnings per common share, as the performance targets were not yet met. |
Accounts_Receivable_Securitiza
Accounts Receivable Securitization | 12 Months Ended |
Oct. 03, 2014 | |
Transfers and Servicing [Abstract] | ' |
Accounts Receivable Securitization | ' |
ACCOUNTS RECEIVABLE SECURITIZATION: | |
The Company has an agreement (the "Receivables Facility") with several financial institutions whereby it sells on a continuous basis an undivided interest in all eligible trade accounts receivable, as defined in the Receivables Facility. In May 2014, the Company amended the Receivables Facility to increase the maximum amount from $300.0 million to $350.0 million and extend the maturity date from January 2015 to May 2017. In addition, the Receivables Facility will now include a seasonal tranche which will increase the capacity of the Receivables Facility by $25.0 million at certain times of the year. Pursuant to the Receivables Facility, the Company formed ARAMARK Receivables, LLC, a wholly-owned, consolidated, bankruptcy-remote subsidiary. ARAMARK Receivables, LLC was formed for the sole purpose of buying and selling receivables generated by certain subsidiaries of the Company. Under the Receivables Facility, the Company and certain of its subsidiaries transfer without recourse all of their accounts receivable to ARAMARK Receivables, LLC. As collections reduce previously transferred interests, interests in new, eligible receivables are transferred to ARAMARK Receivables, LLC, subject to meeting certain conditions. At October 3, 2014 and September 27, 2013, the amount of outstanding borrowings under the Receivables Facility was $350.0 million and $300.0 million, respectively, and is included in “Long-Term Borrowings." |
Commitments_And_Contingencies
Commitments And Contingencies | 12 Months Ended | |||
Oct. 03, 2014 | ||||
Commitments and Contingencies Disclosure [Abstract] | ' | |||
Commitments And Contingencies | ' | |||
COMMITMENTS AND CONTINGENCIES: | ||||
The Company has capital and other purchase commitments of approximately $484.0 million at October 3, 2014, primarily in connection with commitments for capital projects and client contract investments. At October 3, 2014, the Company also has letters of credit outstanding in the amount of $148.6 million. | ||||
Certain of the Company’s lease arrangements, primarily vehicle leases, with terms of one to eight years, contain provisions related to residual value guarantees. The maximum potential liability to the Company under such arrangements was approximately $119.2 million at October 3, 2014 if the terminal fair value of vehicles coming off lease was zero. Consistent with past experience, management does not expect any significant payments will be required pursuant to these arrangements. No amounts have been accrued for guarantee arrangements at October 3, 2014. | ||||
Rental expense for all operating leases was $188.0 million, $179.3 million and $177.4 million for fiscal 2014, fiscal 2013 and fiscal 2012, respectively. Following is a schedule of the future minimum rental and similar commitments under all noncancelable operating leases as of October 3, 2014 (in thousands): | ||||
2015 | $ | 235,049 | ||
2016 | 95,150 | |||
2017 | 85,634 | |||
2018 | 72,716 | |||
2019 | 47,483 | |||
2020-Thereafter | 105,384 | |||
Total minimum rental obligations | $ | 641,416 | ||
From time to time, the Company is a party to various legal actions and investigations involving claims incidental to the conduct of its business, including actions by clients, customers, employees, government entities and third parties, including under federal, state, international, national, principal and local employment laws, wage and hour laws, immigration laws, discrimination laws, human health and safety laws, import and export controls and customs laws, environmental laws, false claims or whistleblower statutes, minority, women and disadvantaged business enterprise statutes, contractual disputes, tax codes, antitrust and competition laws, consumer protection statues, procurement regulations, intellectual property laws, food safety and sanitation laws, cost and accounting principals, the Foreign Corrupt Practices Act, the U.K. Bribery Act, other anti-corruption laws,, lobbying laws, motor carrier safety laws, data privacy laws and alcohol licensing and service laws or alleging negligence and law breaches of contractual or other obligations. Based on information currently available, advice of counsel, available insurance coverage, established reserves and other resources, the Company does not believe that any such actions are likely to be, individually or in the aggregate, material to its business, financial condition, results of operations or cash flows. However, in the event of unexpected further developments, it is possible that the ultimate resolution of these matters, or other similar matters, if unfavorable, may be materially adverse to the Company’s business, financial condition, results of operations or cash flows. |
Quarterly_Results_Unaudited
Quarterly Results (Unaudited) | 12 Months Ended | ||||||||||||||||
Oct. 03, 2014 | |||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||
Quarterly Results (Unaudited) | ' | ||||||||||||||||
QUARTERLY RESULTS (Unaudited): | |||||||||||||||||
The following table summarizes the Company's unaudited quarterly results for fiscal 2014 and fiscal 2013 (in thousands): | |||||||||||||||||
Quarter Ended | |||||||||||||||||
December 27, 2013 | March 28, 2014 | June 27, 2014 | October 3, 2014 | ||||||||||||||
Sales | $ | 3,763,081 | $ | 3,502,007 | $ | 3,620,057 | $ | 3,947,768 | |||||||||
Cost of services provided | 3,354,819 | 3,159,808 | 3,275,409 | 3,573,882 | |||||||||||||
Income from Continuing Operations | 44,916 | 13,117 | 46,916 | 44,510 | |||||||||||||
Net income attributable to Aramark stockholders | 44,762 | 12,916 | 46,873 | 44,405 | |||||||||||||
Earnings per share: | |||||||||||||||||
Basic | $ | 0.22 | $ | 0.06 | $ | 0.2 | $ | 0.19 | |||||||||
Diluted | 0.21 | 0.05 | 0.19 | 0.18 | |||||||||||||
Dividends declared per common share | — | 0.075 | 0.075 | 0.075 | |||||||||||||
Quarter Ended | |||||||||||||||||
December 28, 2012 | March 29, 2013 | June 28, 2013 | September 27, 2013 | ||||||||||||||
Sales | $ | 3,535,915 | $ | 3,403,737 | $ | 3,490,030 | $ | 3,515,975 | |||||||||
Cost of services provided | 3,171,540 | 3,132,226 | 3,178,092 | 3,179,286 | |||||||||||||
Income (Loss) from Continuing Operations | 43,192 | (39,904 | ) | 27,974 | 40,134 | ||||||||||||
Net income (loss) attributable to Aramark stockholders | 42,814 | (40,104 | ) | 27,748 | 38,898 | ||||||||||||
Earnings per share: | |||||||||||||||||
Basic | $ | 0.21 | $ | (0.20 | ) | $ | 0.14 | $ | 0.19 | ||||||||
Diluted | 0.2 | (0.20 | ) | 0.13 | 0.19 | ||||||||||||
Dividends declared per common share | — | — | — | — | |||||||||||||
Business_Segments
Business Segments | 12 Months Ended | |||||||||||
Oct. 03, 2014 | ||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||
Business Segments | ' | |||||||||||
BUSINESS SEGMENTS: | ||||||||||||
The Company reports its operating results in three reportable segments: FSS North America, FSS International and Uniform and Career Apparel ("Uniform"). Corporate includes general expenses and assets not specifically allocated to an individual segment and share-based compensation expense (see Note 10). In the fourth quarter of 2014, the segment reporting structure was modified to align the segment reporting with the Company's current management and internal reporting structure. Specifically, the Mexican operations have been combined with the FSS International segment. Previously, the Mexican operations were included in the FSS North America segment. All prior period segment information has been restated to reflect the new reporting structure. The financial effect of this segment realignment was not material for fiscal years 2014, 2013 and 2012. Financial information by segment follows (in millions): | ||||||||||||
Sales | ||||||||||||
Fiscal Year Ended | ||||||||||||
October 3, 2014 | September 27, 2013 | September 28, 2012 | ||||||||||
FSS North America | $ | 10,232.80 | $ | 9,594.20 | $ | 9,347.90 | ||||||
FSS International | 3,111.20 | 2,940.20 | 2,794.80 | |||||||||
Uniform | 1,488.90 | 1,411.30 | 1,362.70 | |||||||||
$ | 14,832.90 | $ | 13,945.70 | $ | 13,505.40 | |||||||
Operating Income | ||||||||||||
Fiscal Year Ended | ||||||||||||
October 3, 2014 | September 27, 2013 | September 28, 2012 | ||||||||||
FSS North America | $ | 501.3 | $ | 403.2 | $ | 424.9 | ||||||
FSS International | 106.2 | 68.1 | 90.6 | |||||||||
Uniform | 172.1 | 117.3 | 118.1 | |||||||||
779.6 | 588.6 | 633.6 | ||||||||||
Corporate | (215.0 | ) | (74.2 | ) | (51.8 | ) | ||||||
Operating Income | 564.6 | 514.4 | 581.8 | |||||||||
Interest and Other Financing Costs, net | (334.9 | ) | (423.8 | ) | (456.8 | ) | ||||||
Income from Continuing Operations Before Income Taxes | $ | 229.7 | $ | 90.6 | $ | 125 | ||||||
Depreciation and Amortization | ||||||||||||
Fiscal Year Ended | ||||||||||||
October 3, 2014 | September 27, 2013 | September 28, 2012 | ||||||||||
FSS North America | $ | 381 | $ | 374.2 | $ | 363.8 | ||||||
FSS International | 59.2 | 64 | 61.9 | |||||||||
Uniform | 79.6 | 102 | 102.6 | |||||||||
Corporate | 1.8 | 1.9 | 0.9 | |||||||||
$ | 521.6 | $ | 542.1 | $ | 529.2 | |||||||
Capital Expenditures and | ||||||||||||
Client Contract Investments and Other* | ||||||||||||
Fiscal Year Ended | ||||||||||||
October 3, 2014 | September 27, 2013 | September 28, 2012 | ||||||||||
FSS North America | $ | 431.3 | $ | 283.3 | $ | 278.5 | ||||||
FSS International | 48.4 | 63 | 54.4 | |||||||||
Uniform | 53.8 | 46.7 | 40.5 | |||||||||
Corporate | 18.4 | 0.1 | — | |||||||||
$ | 551.9 | $ | 393.1 | $ | 373.4 | |||||||
* Includes amounts acquired in business combinations | ||||||||||||
Identifiable Assets | ||||||||||||
October 3, 2014 | September 27, 2013 | |||||||||||
FSS North America | $ | 7,072.90 | $ | 6,916.40 | ||||||||
FSS International | 1,485.30 | 1,554.10 | ||||||||||
Uniform | 1,695.70 | 1,670.00 | ||||||||||
Corporate | 201.8 | 126.6 | ||||||||||
$ | 10,455.70 | $ | 10,267.10 | |||||||||
The following geographic data include sales generated by subsidiaries within that geographic area and net property & equipment based on physical location (in millions): | ||||||||||||
Sales | ||||||||||||
Fiscal Year Ended | ||||||||||||
October 3, 2014 | September 27, 2013 | September 28, 2012 | ||||||||||
United States | $ | 10,798.50 | $ | 10,025.00 | $ | 9,729.60 | ||||||
Foreign | 4,034.40 | 3,920.70 | 3,775.80 | |||||||||
$ | 14,832.90 | $ | 13,945.70 | $ | 13,505.40 | |||||||
Net Property & Equipment | ||||||||||||
October 3, 2014 | September 27, 2013 | |||||||||||
United States | $ | 834.4 | $ | 789.4 | ||||||||
Foreign | 162.9 | 187.9 | ||||||||||
$ | 997.3 | $ | 977.3 | |||||||||
Fair_Value_of_Financial_Assets
Fair Value of Financial Assets and Financial Liabilities | 12 Months Ended | |||
Oct. 03, 2014 | ||||
Fair Value Disclosures [Abstract] | ' | |||
Fair Value of Financial Assets and Financial Liabilities | ' | |||
FAIR VALUE OF FINANCIAL ASSETS AND FINANCIAL LIABILITIES: | ||||
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities recorded at fair value are classified based upon the level of judgment associated with the inputs used to measure their fair value. The hierarchical levels related to the subjectivity of the valuation inputs are defined as follows: | ||||
• | Level 1—inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets | |||
• | Level 2—inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument | |||
• | Level 3—inputs to the valuation methodology are unobservable and significant to the fair value measurement | |||
Recurring Fair Value Measurements | ||||
The Company’s financial instruments consist primarily of cash and cash equivalents, accounts receivable, accounts payable, borrowings and derivatives. Management believes that the carrying value of cash and cash equivalents, accounts receivable and accounts payable are representative of their respective fair values. In conjunction with the fair value measurement of the derivative instruments, the Company made an accounting policy election to measure the credit risk of its derivative instruments that are subject to master netting agreements on a net basis by counterparty portfolio. The fair value of the Company’s debt at October 3, 2014 and September 27, 2013 was $5,441.5 million and $5,854.9 million, respectively. The carrying value of the Company’s debt at October 3, 2014 and September 27, 2013 was $5,445.6 million and $5,824.1 million, respectively. The fair values were computed using market quotes, if available, or based on discounted cash flows using market interest rates as of the end of the respective periods. The inputs utilized in estimating the fair value of the Company's debt has been classified as level 2 in the fair value hierarchy levels. | ||||
During the first quarter of fiscal 2014, the Company's obligation to repurchase shares was eliminated (see Note 9). The following table presents the changes in the Company's common stock subject to repurchase for which level 3 inputs were significant to their valuation for fiscal 2014 (in thousands): | ||||
Common Stock | ||||
Subject to | ||||
Repurchase | ||||
Balance, September 27, 2013 | $ | 158,708 | ||
Repurchases of common stock | (763 | ) | ||
Reclassification of common stock subject to repurchase | (157,945 | ) | ||
Balance, October 3, 2014 | $ | — | ||
Related_Party_Transactions
Related Party Transactions | 12 Months Ended |
Oct. 03, 2014 | |
Related Party Transactions [Abstract] | ' |
Related Party Transactions | ' |
RELATED PARTY TRANSACTIONS: | |
As of October 3, 2014, the notional value of interest rate swaps with entities affiliated with GS Capital Partners was $487.4 million and with entities affiliated with J.P. Morgan Partners was $437.4 million. As of September 27, 2013, the notional value of interest rate swaps with entities affiliated with GS Capital Partners was $230 million and with entities affiliated with J.P. Morgan Partners was $205 million. In all of these swaps, the Company pays the counterparty a fixed interest rate in exchange for their payment of a floating interest rate. The net payments in fiscal 2014, fiscal 2013 and fiscal 2012 to entities affiliated with GS Capital Partners pursuant to interest rate swap transactions were approximately $7.9 million, $3.1 million and $21.5 million, respectively. The net payments in fiscal 2014, fiscal 2013 and fiscal 2012 to entities affiliated with J.P. Morgan Partners pursuant to interest rate swap transactions were approximately $6.9 million, $5.5 million and $28.2 million, respectively. |
Condensed_Consolidating_Financ
Condensed Consolidating Financial Statements of ARAMARK and Subsidiaries | 12 Months Ended | |||||||||||||||||||||||
Oct. 03, 2014 | ||||||||||||||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' | |||||||||||||||||||||||
Condensed Consolidating Financial Statements of ARAMARK and Subsidiaries | ' | |||||||||||||||||||||||
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF ARAMARK AND SUBSIDIARIES: | ||||||||||||||||||||||||
The following condensed consolidating financial statements of the Company have been prepared pursuant to Rule 3-10 of Regulation S-X. | ||||||||||||||||||||||||
These condensed consolidating financial statements have been prepared from the Company’s financial information on the same basis of accounting as the consolidated financial statements. Interest expense and certain other costs are partially allocated to all of the subsidiaries of the Company. Goodwill and other intangible assets have been allocated to the subsidiaries based on management’s estimates. The 5.75% Senior Notes are an obligation of the Company's wholly-owned subsidiary, Aramark Services, Inc., and are jointly and severally guaranteed on a senior unsecured basis by the Company and substantially all of the Company’s existing and future domestic subsidiaries (excluding the Receivables Facility subsidiary) (“Guarantors”). Each of the Guarantors is wholly-owned, directly or indirectly, by the Company. All other subsidiaries of the Company, either direct or indirect, do not guarantee the Senior Notes (“Non-Guarantors”). The Guarantors also guarantee certain other debt. | ||||||||||||||||||||||||
CONDENSED CONSOLIDATING BALANCE SHEETS | ||||||||||||||||||||||||
October 3, 2014 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Aramark (Parent) | Aramark Services, Inc. | Guarantors | Non | Eliminations | Consolidated | |||||||||||||||||||
(Issuer) | Guarantors | |||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||
Current Assets: | ||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | 26.3 | $ | 41.6 | $ | 43.8 | $ | — | $ | 111.7 | ||||||||||||
Receivables | — | 0.2 | 265.4 | 1,316.90 | — | 1,582.50 | ||||||||||||||||||
Inventories, at lower of cost or market | — | 15.4 | 458.7 | 79.7 | — | 553.8 | ||||||||||||||||||
Prepayments and other current assets | — | 73.5 | 67.4 | 76.1 | — | 217 | ||||||||||||||||||
Total current assets | — | 115.4 | 833.1 | 1,516.50 | — | 2,465.00 | ||||||||||||||||||
Property and Equipment, net | — | 24.9 | 796.5 | 175.9 | — | 997.3 | ||||||||||||||||||
Goodwill | — | 173.1 | 3,982.80 | 433.8 | — | 4,589.70 | ||||||||||||||||||
Investment in and Advances to Subsidiaries | 1,718.80 | 5,677.40 | 433 | 65.7 | (7,894.9 | ) | — | |||||||||||||||||
Other Intangible Assets | — | 29.7 | 1,101.30 | 121.7 | — | 1,252.70 | ||||||||||||||||||
Other Assets | — | 70.1 | 821.4 | 261.5 | (2.0 | ) | 1,151.00 | |||||||||||||||||
$ | 1,718.80 | $ | 6,090.60 | $ | 7,968.10 | $ | 2,575.10 | $ | (7,896.9 | ) | $ | 10,455.70 | ||||||||||||
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||||||||||||||||||
Current Liabilities: | ||||||||||||||||||||||||
Current maturities of long-term borrowings | $ | — | $ | 22 | $ | 13 | $ | 54.8 | $ | — | $ | 89.8 | ||||||||||||
Accounts payable | — | 189.8 | 577.4 | 219 | — | 986.2 | ||||||||||||||||||
Accrued expenses and other liabilities | 0.8 | 140.8 | 861.1 | 300.1 | 0.1 | 1,302.90 | ||||||||||||||||||
Total current liabilities | 0.8 | 352.6 | 1,451.50 | 573.9 | 0.1 | 2,378.90 | ||||||||||||||||||
Long-term Borrowings | — | 4,503.70 | 41.3 | 810.8 | — | 5,355.80 | ||||||||||||||||||
Deferred Income Taxes and Other Noncurrent Liabilities | — | 372.3 | 535.5 | 85.3 | — | 993.1 | ||||||||||||||||||
Intercompany Payable | — | — | 4,968.20 | 1,291.50 | (6,259.7 | ) | — | |||||||||||||||||
Common Stock Subject to Repurchase and Other | — | — | 9.9 | — | — | 9.9 | ||||||||||||||||||
Total Stockholders' Equity | 1,718.00 | 862 | 961.7 | (186.4 | ) | (1,637.3 | ) | 1,718.00 | ||||||||||||||||
$ | 1,718.80 | $ | 6,090.60 | $ | 7,968.10 | $ | 2,575.10 | $ | (7,896.9 | ) | $ | 10,455.70 | ||||||||||||
CONDENSED CONSOLIDATING BALANCE SHEETS | ||||||||||||||||||||||||
September 27, 2013 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Aramark (Parent) | Aramark Services, Inc. | Guarantors | Non | Eliminations | Consolidated | |||||||||||||||||||
(Issuer) | Guarantors | |||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||
Current Assets: | ||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | 23 | $ | 40.5 | $ | 47.5 | $ | — | $ | 111 | ||||||||||||
Receivables | — | 1.4 | 242.9 | 1,161.60 | — | 1,405.90 | ||||||||||||||||||
Inventories, at lower of cost or market | — | 15.9 | 441 | 85.1 | — | 542 | ||||||||||||||||||
Prepayments and other current assets | — | 46.2 | 103.1 | 79 | — | 228.3 | ||||||||||||||||||
Total current assets | — | 86.5 | 827.5 | 1,373.20 | — | 2,287.20 | ||||||||||||||||||
Property and Equipment, net | — | 24.4 | 751.2 | 201.7 | — | 977.3 | ||||||||||||||||||
Goodwill | — | 173.1 | 3,994.60 | 452.3 | — | 4,620.00 | ||||||||||||||||||
Investment in and Advances to Subsidiaries | 1,062.70 | 6,267.40 | 444.8 | 124.5 | (7,899.4 | ) | — | |||||||||||||||||
Other Intangible Assets | — | 32.6 | 1,230.00 | 146.1 | — | 1,408.70 | ||||||||||||||||||
Other Assets | — | 68.4 | 629.5 | 278 | (2.0 | ) | 973.9 | |||||||||||||||||
$ | 1,062.70 | $ | 6,652.40 | $ | 7,877.60 | $ | 2,575.80 | $ | (7,901.4 | ) | $ | 10,267.10 | ||||||||||||
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||||||||||||||||||
Current Liabilities: | ||||||||||||||||||||||||
Current maturities of long-term borrowings | $ | — | $ | 22.5 | $ | 12 | $ | 31.3 | $ | — | $ | 65.8 | ||||||||||||
Accounts payable | — | 147 | 448.3 | 293.7 | — | 889 | ||||||||||||||||||
Accrued expenses and other liabilities | 0.3 | 230.2 | 875.6 | 328.3 | 0.1 | 1,434.50 | ||||||||||||||||||
Total current liabilities | 0.3 | 399.7 | 1,335.90 | 653.3 | 0.1 | 2,389.30 | ||||||||||||||||||
Long-term Borrowings | — | 5,101.70 | 40.4 | 616.1 | — | 5,758.20 | ||||||||||||||||||
Deferred Income Taxes and Other Noncurrent Liabilities | — | 326.2 | 618.3 | 102.5 | — | 1,047.00 | ||||||||||||||||||
Intercompany Payable | — | — | 5,016.00 | 1,305.70 | (6,321.7 | ) | — | |||||||||||||||||
Common Stock Subject to Repurchase and Other | 158.7 | — | 10.2 | — | — | 168.9 | ||||||||||||||||||
Total Stockholders' Equity | 903.7 | 824.8 | 856.8 | (101.8 | ) | (1,579.8 | ) | 903.7 | ||||||||||||||||
$ | 1,062.70 | $ | 6,652.40 | $ | 7,877.60 | $ | 2,575.80 | $ | (7,901.4 | ) | $ | 10,267.10 | ||||||||||||
CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME | ||||||||||||||||||||||||
For the year ended October 3, 2014 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Aramark (Parent) | Aramark Services, Inc. | Guarantors | Non | Eliminations | Consolidated | |||||||||||||||||||
(Issuer) | Guarantors | |||||||||||||||||||||||
Sales | $ | — | $ | 1,047.40 | $ | 9,544.70 | $ | 4,240.80 | $ | — | $ | 14,832.90 | ||||||||||||
Costs and Expenses: | ||||||||||||||||||||||||
Cost of services provided | — | 929.1 | 8,506.40 | 3,928.40 | — | 13,363.90 | ||||||||||||||||||
Depreciation and amortization | — | 13.7 | 412.1 | 95.8 | — | 521.6 | ||||||||||||||||||
Selling and general corporate expenses | 7.8 | 216.6 | 139.2 | 19.2 | — | 382.8 | ||||||||||||||||||
Interest and other financing costs, net | — | 302.9 | (1.2 | ) | 33.2 | — | 334.9 | |||||||||||||||||
Expense allocations | (7.8 | ) | (376.9 | ) | 342.3 | 42.4 | — | — | ||||||||||||||||
— | 1,085.40 | 9,398.80 | 4,119.00 | — | 14,603.20 | |||||||||||||||||||
Income (Loss) before Income Taxes | — | (38.0 | ) | 145.9 | 121.8 | — | 229.7 | |||||||||||||||||
Provision (Benefit) for Income Taxes | — | (15.6 | ) | 62.9 | 32.9 | — | 80.2 | |||||||||||||||||
Equity in Net Income of Subsidiaries | 149 | — | — | — | (149.0 | ) | — | |||||||||||||||||
Net income | 149 | (22.4 | ) | 83 | 88.9 | (149.0 | ) | 149.5 | ||||||||||||||||
Less: Net income attributable to noncontrolling interests | — | — | 0.5 | — | — | 0.5 | ||||||||||||||||||
Net income attributable to Aramark stockholders | 149 | (22.4 | ) | 82.5 | 88.9 | (149.0 | ) | 149 | ||||||||||||||||
Other comprehensive income (loss), net of tax | (47.1 | ) | 12.1 | (0.6 | ) | (82.6 | ) | 71.1 | (47.1 | ) | ||||||||||||||
Comprehensive income (loss) attributable to Aramark stockholders | $ | 101.9 | $ | (10.3 | ) | $ | 81.9 | $ | 6.3 | $ | (77.9 | ) | $ | 101.9 | ||||||||||
CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME | ||||||||||||||||||||||||
For the year ended September 27, 2013 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Aramark (Parent) | Aramark Services, Inc. | Guarantors | Non | Eliminations | Consolidated | |||||||||||||||||||
(Issuer) | Guarantors | |||||||||||||||||||||||
Sales | $ | — | $ | 1,034.00 | $ | 8,792.80 | $ | 4,118.80 | $ | — | $ | 13,945.60 | ||||||||||||
Costs and Expenses: | ||||||||||||||||||||||||
Cost of services provided | — | 996.6 | 7,811.80 | 3,852.80 | — | 12,661.20 | ||||||||||||||||||
Depreciation and amortization | — | 21 | 418.9 | 102.2 | — | 542.1 | ||||||||||||||||||
Selling and general corporate expenses | 0.9 | 82.5 | 125.7 | 18.8 | — | 227.9 | ||||||||||||||||||
Interest and other financing costs | 51 | 342.4 | (2.7 | ) | 33.1 | — | 423.8 | |||||||||||||||||
Expense allocations | — | (362.8 | ) | 326.1 | 36.7 | — | — | |||||||||||||||||
51.9 | 1,079.70 | 8,679.80 | 4,043.60 | — | 13,855.00 | |||||||||||||||||||
Income (Loss) from Continuing Operations before Income Taxes | (51.9 | ) | (45.7 | ) | 113 | 75.2 | — | 90.6 | ||||||||||||||||
Provision (Benefit) for Income Taxes | (19.2 | ) | (31.9 | ) | 52.3 | 18 | — | 19.2 | ||||||||||||||||
Equity in Net Income of Subsidiaries | 102.1 | — | — | — | (102.1 | ) | — | |||||||||||||||||
Income (Loss) from Continuing Operations | 69.4 | (13.8 | ) | 60.7 | 57.2 | (102.1 | ) | 71.4 | ||||||||||||||||
Loss from Discontinued Operations, net of tax | — | — | (1.0 | ) | — | — | (1.0 | ) | ||||||||||||||||
Net income (loss) | 69.4 | (13.8 | ) | 59.7 | 57.2 | (102.1 | ) | 70.4 | ||||||||||||||||
Less: Net income attributable to noncontrolling interests | — | — | 0.8 | 0.2 | — | 1 | ||||||||||||||||||
Net income (loss) attributable to Aramark stockholders | 69.4 | (13.8 | ) | 58.9 | 57 | (102.1 | ) | 69.4 | ||||||||||||||||
Other comprehensive income (loss), net of tax | 14.5 | 34.8 | 0.6 | (19.2 | ) | (16.2 | ) | 14.5 | ||||||||||||||||
Comprehensive income attributable to Aramark stockholders | $ | 83.9 | $ | 21 | $ | 59.5 | $ | 37.8 | $ | (118.3 | ) | $ | 83.9 | |||||||||||
CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME | ||||||||||||||||||||||||
For the year ended September 28, 2012 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Aramark (Parent) | Aramark Services, Inc. | Guarantors | Non | Eliminations | Consolidated | |||||||||||||||||||
(Issuer) | Guarantors | |||||||||||||||||||||||
Sales | $ | — | $ | 1,025.20 | $ | 8,427.60 | $ | 4,052.60 | $ | — | $ | 13,505.40 | ||||||||||||
Costs and Expenses: | ||||||||||||||||||||||||
Cost of services provided | — | 962 | 7,478.40 | 3,751.10 | — | 12,191.50 | ||||||||||||||||||
Depreciation and amortization | — | 19.2 | 403.8 | 106.2 | — | 529.2 | ||||||||||||||||||
Selling and general corporate expenses | 0.5 | 58.5 | 123 | 21 | — | 203 | ||||||||||||||||||
Interest and other financing costs, net | 55 | 364 | (0.4 | ) | 38.2 | — | 456.8 | |||||||||||||||||
Expense allocations | — | (353.1 | ) | 316 | 37.1 | — | — | |||||||||||||||||
55.5 | 1,050.60 | 8,320.80 | 3,953.60 | — | 13,380.50 | |||||||||||||||||||
Income (Loss) from Continuing Operations before Income Taxes | (55.5 | ) | (25.4 | ) | 106.8 | 99 | — | 124.9 | ||||||||||||||||
Provision (Benefit) for Income Taxes | (20.9 | ) | (9.2 | ) | 30.4 | 17.7 | — | 18 | ||||||||||||||||
Equity in Net Income of Subsidiaries | 138.2 | — | — | — | (138.2 | ) | — | |||||||||||||||||
Income (Loss) from Continuing Operations | 103.6 | (16.2 | ) | 76.4 | 81.3 | (138.2 | ) | 106.9 | ||||||||||||||||
Income from Discontinued Operations, net of tax | — | — | 0.3 | — | — | 0.3 | ||||||||||||||||||
Net income (loss) | 103.6 | (16.2 | ) | 76.7 | 81.3 | (138.2 | ) | 107.2 | ||||||||||||||||
Less: Net income attributable to noncontrolling interests | — | — | 1.1 | 2.5 | — | 3.6 | ||||||||||||||||||
Net income (loss) attributable to Aramark stockholders | 103.6 | (16.2 | ) | 75.6 | 78.8 | (138.2 | ) | 103.6 | ||||||||||||||||
Other comprehensive income (loss), net of tax | 3.6 | 32.9 | 2.3 | (28.4 | ) | (6.8 | ) | 3.6 | ||||||||||||||||
Comprehensive income attributable to Aramark stockholders | $ | 107.2 | $ | 16.7 | $ | 77.9 | $ | 50.4 | $ | (145.0 | ) | $ | 107.2 | |||||||||||
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS | ||||||||||||||||||||||||
For the year ended October 3, 2014 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Aramark (Parent) | Aramark Services, Inc. | Guarantors | Non | Eliminations | Consolidated | |||||||||||||||||||
(Issuer) | Guarantors | |||||||||||||||||||||||
Net cash provided by (used in) operating activities | $ | 0.5 | $ | 65.6 | $ | 470.5 | $ | (105.4 | ) | $ | (33.1 | ) | $ | 398.1 | ||||||||||
Cash flows from investing activities: | ||||||||||||||||||||||||
Purchases of property and equipment, client contract investments and other | — | (20.2 | ) | (456.7 | ) | (68.3 | ) | — | (545.2 | ) | ||||||||||||||
Disposals of property and equipment | — | 8.4 | 6.2 | 13.9 | — | 28.5 | ||||||||||||||||||
Proceeds from divestiture | — | — | 24 | — | — | 24 | ||||||||||||||||||
Acquisitions of businesses, net of cash acquired | — | — | (13.2 | ) | (8.2 | ) | — | (21.4 | ) | |||||||||||||||
Other investing activities | — | 0.3 | 14 | (5.4 | ) | — | 8.9 | |||||||||||||||||
Net cash used in investing activities | — | (11.5 | ) | (425.7 | ) | (68.0 | ) | — | (505.2 | ) | ||||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||||||
Proceeds from long-term borrowings | — | 1,293.70 | — | 277.1 | — | 1,570.80 | ||||||||||||||||||
Payments of long-term borrowings | — | (1,877.4 | ) | (14.5 | ) | (86.7 | ) | — | (1,978.6 | ) | ||||||||||||||
Net change in funding under the Receivables Facility | — | — | — | 50 | — | 50 | ||||||||||||||||||
Payments of dividends | — | (52.2 | ) | — | — | — | (52.2 | ) | ||||||||||||||||
Proceeds from initial public offering, net | 524.1 | — | — | — | — | 524.1 | ||||||||||||||||||
Proceeds from issuance of common stock | — | 4.4 | — | — | — | 4.4 | ||||||||||||||||||
Repurchase of common stock | — | (4.7 | ) | — | — | — | (4.7 | ) | ||||||||||||||||
Other financing activities | — | 4.4 | (6.4 | ) | (4.0 | ) | — | (6.0 | ) | |||||||||||||||
Change in intercompany, net | (524.6 | ) | 581 | (22.8 | ) | (66.7 | ) | 33.1 | — | |||||||||||||||
Net cash provided by (used in) financing activities | (0.5 | ) | (50.8 | ) | (43.7 | ) | 169.7 | 33.1 | 107.8 | |||||||||||||||
Increase (decrease) in cash and cash equivalents | — | 3.3 | 1.1 | (3.7 | ) | — | 0.7 | |||||||||||||||||
Cash and cash equivalents, beginning of period | — | 23 | 40.5 | 47.5 | — | 111 | ||||||||||||||||||
Cash and cash equivalents, end of period | $ | — | $ | 26.3 | $ | 41.6 | $ | 43.8 | $ | — | $ | 111.7 | ||||||||||||
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS | ||||||||||||||||||||||||
For the year ended September 27, 2013 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Aramark (Parent) | Aramark Services, Inc. | Guarantors | Non | Eliminations | Consolidated | |||||||||||||||||||
(Issuer) | Guarantors | |||||||||||||||||||||||
Net cash provided by (used in) operating activities | $ | 599.9 | $ | 97.7 | $ | 585.5 | $ | 64 | $ | (651.2 | ) | $ | 695.9 | |||||||||||
Cash flows from investing activities: | ||||||||||||||||||||||||
Purchases of property and equipment, client contract investments and other | — | (14.3 | ) | (292.4 | ) | (86.2 | ) | — | (392.9 | ) | ||||||||||||||
Disposals of property and equipment | — | — | 5.4 | 5.9 | — | 11.3 | ||||||||||||||||||
Proceeds from divestitures | — | — | 0.9 | — | — | 0.9 | ||||||||||||||||||
Acquisitions of businesses, net of cash acquired | — | — | (22.6 | ) | — | — | (22.6 | ) | ||||||||||||||||
Other investing activities | — | (1.4 | ) | 27.4 | (8.1 | ) | — | 17.9 | ||||||||||||||||
Net cash used in investing activities | — | (15.7 | ) | (281.3 | ) | (88.4 | ) | — | (385.4 | ) | ||||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||||||
Proceeds from long-term borrowings | — | 3,071.40 | — | 9.1 | — | 3,080.50 | ||||||||||||||||||
Payments of long-term borrowings | (600.0 | ) | (2,521.2 | ) | (13.7 | ) | (180.0 | ) | — | (3,314.9 | ) | |||||||||||||
Net change in funding under the Receivables Facility | — | — | — | 36.2 | — | 36.2 | ||||||||||||||||||
Proceeds from issuance of common stock | — | 5.6 | — | — | — | 5.6 | ||||||||||||||||||
Repurchase of common stock | — | (42.4 | ) | — | — | — | (42.4 | ) | ||||||||||||||||
Distribution in connection with spin-off of Seamless | — | (47.4 | ) | — | — | — | (47.4 | ) | ||||||||||||||||
Other financing activities | — | (50.3 | ) | (2.7 | ) | (0.9 | ) | — | (53.9 | ) | ||||||||||||||
Change in intercompany, net | — | (502.1 | ) | (289.0 | ) | 139.9 | 651.2 | — | ||||||||||||||||
Net cash provided by (used in) financing activities | (600.0 | ) | (86.4 | ) | (305.4 | ) | 4.3 | 651.2 | (336.3 | ) | ||||||||||||||
Decrease in cash and cash equivalents | (0.1 | ) | (4.4 | ) | (1.2 | ) | (20.1 | ) | — | (25.8 | ) | |||||||||||||
Cash and cash equivalents, beginning of period | 0.1 | 27.4 | 41.7 | 67.6 | — | 136.8 | ||||||||||||||||||
Cash and cash equivalents, end of period | $ | — | $ | 23 | $ | 40.5 | $ | 47.5 | $ | — | $ | 111 | ||||||||||||
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS | ||||||||||||||||||||||||
For the year ended September 28, 2012 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Aramark (Parent) | Aramark Services, Inc. | Guarantors | Non | Eliminations | Consolidated | |||||||||||||||||||
(Issuer) | Guarantors | |||||||||||||||||||||||
Net cash provided by (used in) operating activities | $ | — | $ | 62.2 | $ | 532.5 | $ | 178.7 | $ | (81.7 | ) | $ | 691.7 | |||||||||||
Cash flows from investing activities: | ||||||||||||||||||||||||
Purchases of property and equipment, client contract investments and other | — | (11.7 | ) | (262.0 | ) | (80.9 | ) | — | (354.6 | ) | ||||||||||||||
Disposals of property and equipment | — | 0.7 | 5.2 | 5.8 | — | 11.7 | ||||||||||||||||||
Proceeds from divestitures | — | — | 6.5 | — | — | 6.5 | ||||||||||||||||||
Acquisitions of businesses, net of cash acquired | — | — | (139.9 | ) | (11.9 | ) | — | (151.8 | ) | |||||||||||||||
Other investing activities | — | 1.3 | 3.6 | 1.7 | — | 6.6 | ||||||||||||||||||
Net cash used in investing activities | — | (9.7 | ) | (386.6 | ) | (85.3 | ) | — | (481.6 | ) | ||||||||||||||
Cash flows from financing activities: | — | |||||||||||||||||||||||
Proceeds from long-term borrowings | — | — | 0.2 | 3.2 | — | 3.4 | ||||||||||||||||||
Payments of long-term borrowings | — | (250.7 | ) | (12.9 | ) | (25.3 | ) | — | (288.9 | ) | ||||||||||||||
Net change in funding under the Receivables Facility | — | — | — | 37.9 | — | 37.9 | ||||||||||||||||||
Proceeds from issuance of common stock | — | 11.3 | — | — | — | 11.3 | ||||||||||||||||||
Repurchase of common stock | — | (37.7 | ) | — | — | — | (37.7 | ) | ||||||||||||||||
Other financing activities | — | (6.1 | ) | (3.8 | ) | (2.8 | ) | — | (12.7 | ) | ||||||||||||||
Change in intercompany, net | — | 120.7 | (119.4 | ) | (83.0 | ) | 81.7 | — | ||||||||||||||||
Net cash used in financing activities | — | (162.5 | ) | (135.9 | ) | (70.0 | ) | 81.7 | (286.7 | ) | ||||||||||||||
Increase (decrease) in cash and cash equivalents | — | (110.0 | ) | 10 | 23.4 | — | (76.6 | ) | ||||||||||||||||
Cash and cash equivalents, beginning of period | 0.1 | 137.4 | 31.7 | 44.2 | — | 213.4 | ||||||||||||||||||
Cash and cash equivalents, end of period | $ | 0.1 | $ | 27.4 | $ | 41.7 | $ | 67.6 | $ | — | $ | 136.8 | ||||||||||||
Schedule_II_Valuation_and_Qual
Schedule II - Valuation and Qualifying Accounts and Reserves | 12 Months Ended | ||||||||||||||||
Oct. 03, 2014 | |||||||||||||||||
Valuation and Qualifying Accounts [Abstract] | ' | ||||||||||||||||
Schedule II - Valuation and Qualifying Accounts and Reserves | ' | ||||||||||||||||
ARAMARK AND SUBSIDIARIES | |||||||||||||||||
SCHEDULE II -- VALUATION AND QUALIFYING ACCOUNTS AND RESERVES | |||||||||||||||||
FOR THE FISCAL YEARS ENDED OCTOBER 3, 2014, SEPTEMBER 27, 2013 AND SEPTEMBER 28, 2012 | |||||||||||||||||
Additions | Reductions | ||||||||||||||||
Balance, | Charged to | Deductions | Balance, | ||||||||||||||
Beginning of | Income | from | End of | ||||||||||||||
Period | Reserves(1) | Period | |||||||||||||||
Description | |||||||||||||||||
Fiscal Year 2014 | |||||||||||||||||
Reserve for doubtful accounts, advances & current notes receivable | $ | 34,676 | $ | 15,037 | $ | 12,332 | $ | 37,381 | |||||||||
Fiscal Year 2013 | |||||||||||||||||
Reserve for doubtful accounts, advances & current notes receivable | $ | 41,212 | $ | 11,297 | $ | 17,833 | $ | 34,676 | |||||||||
Fiscal Year 2012 | |||||||||||||||||
Reserve for doubtful accounts, advances & current notes receivable | $ | 32,963 | $ | 26,718 | $ | 18,469 | $ | 41,212 | |||||||||
-1 | Amounts determined not to be collectible and charged against the reserve and translation. |
Basis_Of_Presentation_and_Summ1
Basis Of Presentation and Summary of Significant Accounting Policies - (Policies) | 12 Months Ended | |
Oct. 03, 2014 | ||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | |
Basis of Presentation | ' | |
On January 26, 2007, ARAMARK Holdings Corporation, a Delaware corporation controlled by investment funds associated with GS Capital Partners, CCMP Capital Advisors, J.P. Morgan Partners, Thomas H. Lee Partners and Warburg Pincus LLC (collectively the "Sponsors"), Joseph Neubauer, Chairman and former Chief Executive Officer of ARAMARK Holdings Corporation, and certain other members of ARAMARK Holdings Corporation's management, acquired all of the outstanding shares of ARAMARK Holdings Corporation's wholly-owned subsidiary ARAMARK Corporation, in a going-private transaction (the "2007 Transaction"). | ||
On December 12, 2013, ARAMARK Holdings Corporation's common stock began trading on the New York Stock Exchange under the symbol "ARMK" after its initial public offering ("IPO") of 28,000,000 shares of its common stock at a price of $20.00 per share (see Note 9). | ||
On May 9, 2014, ARAMARK Holdings Corporation changed its name to Aramark (the “Company”) pursuant to Section 253 of the Delaware General Corporation Law. ARAMARK Holdings Corporation amended Article FIRST of ARAMARK Holdings Corporation's Amended and Restated Certificate of Incorporation to change its corporate name to Aramark pursuant to a Certificate of Ownership and Merger filed with the Secretary of State of the State of Delaware on May 9, 2014. Also on May 9, 2014, the By-laws of the Company were amended and restated to reflect the name change to Aramark. The Company's wholly-owned subsidiary, ARAMARK Corporation, also changed its name on May 9, 2014 to Aramark Services, Inc. | ||
The consolidated financial statements include the accounts of the Company and all of its subsidiaries in which a controlling financial interest is maintained in accordance with generally accepted accounting principles in the United States ("U.S. GAAP"). All significant intercompany transactions and accounts have been eliminated. | ||
Fiscal Year | ' | |
Fiscal Year | ||
The Company’s fiscal year is the fifty-two or fifty-three week period which ends on the Friday nearest September 30th. The fiscal year ended October 3, 2014 was a fifty-three week period and the fiscal years ended September 27, 2013 and September 28, 2012 were each fifty-two week periods. | ||
New Accounting Standard Updates | ' | |
New Accounting Standard Updates | ||
In June 2014, the FASB issued an accounting standard update ("ASU") on stock compensation which requires that a performance target affecting vesting and that could be achieved after the requisite service period be treated as a performance condition. The guidance is effective for the Company beginning in the first quarter of fiscal 2017. The Company is currently evaluating the impact of the pronouncement relative to its stock incentive awards. | ||
In May 2014, the FASB issued an ASU on revenue from contracts with customers which outlines a single comprehensive model to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance. The guidance is effective for the Company beginning in the first quarter of fiscal 2018. The Company is currently evaluating the impact of the pronouncement. | ||
In January 2014, the FASB issued an ASU which states that companies should not account for certain service concession arrangements with public-sector entities as leases and should not recognize the related infrastructure as property, plant and equipment. The guidance is effective for the Company beginning in the first quarter of fiscal 2016. The Company is currently evaluating the impact of the pronouncement. | ||
In July 2013, the FASB issued an ASU which requires unrecognized tax benefits to be offset against a deferred tax asset for a net operating loss carryforward, similar tax loss or tax credit carryforward in certain situations. The guidance will likely change the balance sheet presentation of certain unrecognized tax benefits. The guidance is effective in the first quarter of fiscal 2015. The Company is currently evaluating the impact of the pronouncement. | ||
In February 2013, the FASB issued an accounting standard update which requires companies to disclose information about reclassifications out of accumulated other comprehensive income ("AOCI"). Companies also are required to present reclassifications by component when reporting changes in AOCI balances. For significant items reclassified out of AOCI to net income in their entirety in the period, companies must report the effect of the reclassifications on the respective line items in the statement where net income is presented. The Company adopted the guidance in the first quarter of fiscal 2014 (see below). | ||
In December 2011, the FASB issued an accounting standard update ("ASU") that requires companies with financial instruments and derivative instruments that are offset on the balance sheet or subject to a master netting arrangement to provide additional disclosures regarding the instruments impact on a company’s financial position. In January 2013, the FASB issued an accounting standard update to clarify the scope of this ASU. The Company adopted the guidance in the first quarter of fiscal 2014 which did not have a material impact on the consolidated financial statements. | ||
Revenue Recognition | ' | |
Revenue Recognition | ||
The Company recognizes sales when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the fee is fixed and determinable and collectability is reasonably assured. In each of the Company’s operating segments, sales are recognized in the period in which services are provided pursuant to the terms of the Company’s contractual relationships with its clients. The Company generally records sales on food and support services contracts (both profit and loss contracts and client interest contracts) on a gross basis as the Company is the primary obligor and service provider. | ||
Certain profit and loss contracts include commissions paid to the client, typically calculated as a fixed or variable percentage of various categories of sales. In some cases these contracts require minimum guaranteed commissions. Commissions paid to clients are recorded in “Cost of services provided.” | ||
Sales from client interest contracts are generally comprised of amounts billed to clients for food, labor and other costs that the Company incurs, controls and pays for. Sales from client interest contracts also include any associated management fees, client subsidies or incentive fees based upon the Company’s performance under the contract. Sales from direct marketing activities are recognized upon shipment. All sales related taxes are presented on a net basis. | ||
Vendor Consideration | ' | |
Vendor Consideration | ||
Consideration received from vendors include rebates, allowances and volume discounts and are accounted for as an adjustment to the cost of the vendors’ products or services and are reported as a reduction of “Cost of services provided,” “Inventory,” or “Property and Equipment.” Income from rebates, allowances and volume discounts is recognized based on actual purchases in the fiscal period relative to total actual or forecasted purchases to be made over the contractual rebate period agreed to with the vendor. Rebates, allowances and volume discounts related to Inventory held at the balance sheet date are deducted from the carrying value of these inventories. Rebates, allowances and volume discounts related to Property and Equipment are deducted from the costs capitalized. | ||
Use of Estimates | ' | |
Use of Estimates | ||
The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of sales and expenses during the reporting period. Actual results could materially differ from those estimates. | ||
Comprehensive Income | ' | |
Comprehensive Income | ||
Comprehensive income includes all changes to stockholders' equity during a period, except those resulting from investments by and distributions to stockholders. Components of comprehensive income include net income (loss), changes in foreign currency translation adjustments (net of tax), pension plan adjustments (net of tax), changes in the fair value of cash flow hedges (net of tax) and changes to the share of any equity investees' comprehensive income (net of tax). | ||
Currency Translation | ' | |
Currency Translation | ||
Gains and losses resulting from the translation of financial statements of non-U.S. subsidiaries are reflected as a component of accumulated other comprehensive income (loss) in stockholders' equity. Transaction gains and losses included in operating results for fiscal 2014, fiscal 2013 and fiscal 2012 were not material. | ||
Current Assets | ' | |
Current Assets | ||
The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. | ||
Inventories are valued at the lower of cost (principally the first-in, first-out method) or market. Personalized work apparel, linens and other rental items in service are recorded at cost and are amortized over their estimated useful lives, which primarily range from one to four years. The amortization rates used are based on the Company’s specific experience. | ||
Property and Equipment | ' | |
Property and Equipment | ||
Property and equipment are stated at cost and are depreciated over their estimated useful lives on a straight-line basis. Gains and losses on dispositions are included in operating results. Maintenance and repairs are charged to current operations, and replacements and significant improvements that extend the useful life of the asset are capitalized. The estimated useful lives for the major categories of property and equipment are 10 to 40 years for buildings and improvements and 3 to 10 years for service equipment and fixtures. | ||
Other Assets | ' | |
Other Assets | ||
Other assets consist primarily of investments in 50% or less owned entities, client contract investments, deferred financing costs, computer software costs and long-term receivables. Investments in which the Company owns more than 20% but less than a majority are accounted for using the equity method. Investments in which the Company owns less than 20% are accounted for under the cost method. Client contract investments generally represent a cash payment provided by the Company to help finance improvement or renovation at the facility from which the Company operates. These amounts are amortized over the contract period. If a contract is terminated prior to its maturity date, the Company is generally reimbursed for the unamortized client contract investment amount. | ||
Other Accrued Expenses and Liabilities | ' | |
Other Accrued Expenses and Liabilities | ||
Accrued expenses and other current liabilities consist principally of insurance accruals, advanced payments from clients, taxes, interest, fair value of interest rate swaps and accrued commissions. Advanced payments from clients as of October 3, 2014 and September 27, 2013 were $267.7 million and $292.9 million, respectively. The Company is self-insured for the risk retained under its general liability and workers’ compensation arrangements. Self-insurance reserves are recorded based on historical claims experience and actuarial analyses. As of October 3, 2014 and September 27, 2013, $51.1 million and $93.2 million of insurance accruals were included in accrued expenses and other current liabilities, respectively. | ||
Noncurrent liabilities consist primarily of deferred compensation, insurance accruals, pension liabilities, environmental obligations, fair value of interest rate swaps and other hedging agreements and asset retirement obligations. | ||
Share-based Compensation | ' | |
Share-Based Compensation | ||
The Company recognizes compensation cost related to share-based payment transactions in the consolidated financial statements. The cost is measured at the grant date, based on the estimated fair value of the award, and is recognized as an expense over the employee’s requisite service period (generally the vesting period of the equity award). | ||
Fair Value of Financial Instruments | ' | |
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities recorded at fair value are classified based upon the level of judgment associated with the inputs used to measure their fair value. The hierarchical levels related to the subjectivity of the valuation inputs are defined as follows: | ||
• | Level 1—inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets | |
• | Level 2—inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument | |
• | Level 3—inputs to the valuation methodology are unobservable and significant to the fair value measurement | |
Recurring Fair Value Measurements | ||
The Company’s financial instruments consist primarily of cash and cash equivalents, accounts receivable, accounts payable, borrowings and derivatives. Management believes that the carrying value of cash and cash equivalents, accounts receivable and accounts payable are representative of their respective fair values. In conjunction with the fair value measurement of the derivative instruments, the Company made an accounting policy election to measure the credit risk of its derivative instruments that are subject to master netting agreements on a net basis by counterparty portfolio. |
Basis_Of_Presentation_and_Summ2
Basis Of Presentation and Summary of Significant Accounting Policies - (Tables) | 12 Months Ended | |||||||||||||||||||||||
Oct. 03, 2014 | ||||||||||||||||||||||||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | |||||||||||||||||||||||
Schedule of Components of Comprehensive Income (Loss) | ' | |||||||||||||||||||||||
The summary of the components of comprehensive income (loss) is as follows (in thousands): | ||||||||||||||||||||||||
Fiscal Year Ended | ||||||||||||||||||||||||
3-Oct-14 | 27-Sep-13 | 28-Sep-12 | ||||||||||||||||||||||
Pre-Tax Amount | Tax Effect | After-Tax Amount | Pre-Tax Amount | Tax Effect | After-Tax Amount | Pre-Tax Amount | Tax Effect | After-Tax Amount | ||||||||||||||||
Net income | $ | 149,459 | $ | 70,366 | $ | 107,199 | ||||||||||||||||||
Pension plan adjustments | (17,640 | ) | 4,044 | (13,596 | ) | 29,943 | (10,198 | ) | 19,745 | (24,854 | ) | 8,646 | (16,208 | ) | ||||||||||
Foreign currency translation adjustments | (37,246 | ) | 5,965 | (31,281 | ) | (30,832 | ) | 13,690 | (17,142 | ) | (7,052 | ) | 2,684 | (4,368 | ) | |||||||||
Cash flow hedges: | ||||||||||||||||||||||||
Gains (losses) on cash flow hedges | (29,201 | ) | 11,575 | (17,626 | ) | (8,881 | ) | 3,600 | (5,281 | ) | (29,199 | ) | 11,108 | (18,091 | ) | |||||||||
Reclassification adjustments | 25,921 | (10,491 | ) | 15,430 | 23,768 | (9,375 | ) | 14,393 | 86,372 | (33,305 | ) | 53,067 | ||||||||||||
Share of equity investee's comprehensive loss | — | — | — | 4,315 | (1,510 | ) | 2,805 | (18,000 | ) | 7,200 | (10,800 | ) | ||||||||||||
Other comprehensive income (loss) | (58,166 | ) | 11,093 | (47,073 | ) | 18,313 | (3,793 | ) | 14,520 | 7,267 | (3,667 | ) | 3,600 | |||||||||||
Comprehensive income | 102,386 | 84,886 | 110,799 | |||||||||||||||||||||
Less: Net income attributable to noncontrolling interests | 503 | 1,010 | 3,648 | |||||||||||||||||||||
Comprehensive income attributable to Aramark stockholders | $ | 101,883 | $ | 83,876 | $ | 107,151 | ||||||||||||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) | ' | |||||||||||||||||||||||
Accumulated other comprehensive loss consists of the following (in thousands): | ||||||||||||||||||||||||
October 3, 2014 | September 27, 2013 | |||||||||||||||||||||||
Pension plan adjustments | $ | (44,119 | ) | $ | (30,523 | ) | ||||||||||||||||||
Foreign currency translation adjustments | (27,994 | ) | 3,287 | |||||||||||||||||||||
Cash flow hedges | (26,190 | ) | (23,994 | ) | ||||||||||||||||||||
Share of equity investee's Accumulated Other Comprehensive loss | (7,995 | ) | (7,995 | ) | ||||||||||||||||||||
$ | (106,298 | ) | $ | (59,225 | ) | |||||||||||||||||||
Schedule of Components of Inventories | ' | |||||||||||||||||||||||
The components of inventories are as follows: | ||||||||||||||||||||||||
3-Oct-14 | 27-Sep-13 | |||||||||||||||||||||||
Food | 39.3 | % | 40.4 | % | ||||||||||||||||||||
Career apparel and linens | 57.9 | % | 56.5 | % | ||||||||||||||||||||
Parts, supplies and novelties | 2.8 | % | 3.1 | % | ||||||||||||||||||||
100 | % | 100 | % | |||||||||||||||||||||
Schedule of Equity Method Investments | ' | |||||||||||||||||||||||
Summarized financial information for AIM Services Co., Ltd. follows (in thousands): | ||||||||||||||||||||||||
October 3, 2014 | September 27, 2013 | |||||||||||||||||||||||
Current assets | $ | 376,914 | $ | 353,240 | ||||||||||||||||||||
Noncurrent assets | 154,510 | 169,469 | ||||||||||||||||||||||
Current liabilities | 302,230 | 291,926 | ||||||||||||||||||||||
Noncurrent liabilities | 52,489 | 50,880 | ||||||||||||||||||||||
Fiscal Year Ended | ||||||||||||||||||||||||
October 3, 2014 | September 27, 2013 | September 28, 2012 | ||||||||||||||||||||||
Sales | $ | 1,552,250 | $ | 1,693,598 | $ | 1,916,620 | ||||||||||||||||||
Gross profit | 174,194 | 192,857 | 222,033 | |||||||||||||||||||||
Net income | 26,869 | 29,236 | 39,174 | |||||||||||||||||||||
Schedule of Cash Flow, Supplemental Disclosures | ' | |||||||||||||||||||||||
Supplemental Cash Flow Information | ||||||||||||||||||||||||
Fiscal Year Ended | ||||||||||||||||||||||||
(dollars in millions) | October 3, 2014 | September 27, 2013 | September 28, 2012 | |||||||||||||||||||||
Interest paid | $ | 348.5 | $ | 350.6 | $ | 422.5 | ||||||||||||||||||
Income taxes paid | $ | 55.8 | $ | 74.8 | $ | 82.5 | ||||||||||||||||||
Severance_and_Asset_Writedowns1
Severance and Asset Write-downs - (Tables) | 12 Months Ended | |||||||||||||
Oct. 03, 2014 | ||||||||||||||
Restructuring and Related Activities [Abstract] | ' | |||||||||||||
Schedule of the Accrual Related to the Unpaid Obligations for Severance and Related Costs | ' | |||||||||||||
The following table summarizes the unpaid obligations for severance and related costs as of October 3, 2014, which are included in "Accrued payroll and related expenses" in the Consolidated Balance Sheets. The majority of the unpaid obligations are expected to be paid during fiscal 2015. | ||||||||||||||
(in millions) | 27-Sep-13 | Net Charges | Payments and Other | 3-Oct-14 | ||||||||||
Severance and Related Costs Accrual | $46.70 | 21.3 | (27.3 | ) | $40.70 | |||||||||
Goodwill_And_Other_Intangible_1
Goodwill And Other Intangible Assets - (Tables) | 12 Months Ended | |||||||||||||||||||||||
Oct. 03, 2014 | ||||||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||||||||||||||
Schedule of Goodwill Assets by Segment | ' | |||||||||||||||||||||||
Goodwill, allocated by segment, is as follows (in thousands): | ||||||||||||||||||||||||
Segment | 27-Sep-13 | Acquisitions and | Translation | 3-Oct-14 | ||||||||||||||||||||
Divestitures | ||||||||||||||||||||||||
FSS North America | $ | 3,595,048 | $ | (11,165 | ) | $ | (227 | ) | $ | 3,583,656 | ||||||||||||||
FSS International | 451,154 | — | (19,909 | ) | 431,245 | |||||||||||||||||||
Uniform | 573,785 | 994 | — | 574,779 | ||||||||||||||||||||
$ | 4,619,987 | $ | (10,171 | ) | $ | (20,136 | ) | $ | 4,589,680 | |||||||||||||||
Schedule of other intangible assets | ' | |||||||||||||||||||||||
Other intangible assets consist of (in thousands): | ||||||||||||||||||||||||
October 3, 2014 | September 27, 2013 | |||||||||||||||||||||||
Gross | Accumulated | Net | Gross | Accumulated | Net | |||||||||||||||||||
Amount | Amortization | Amount | Amount | Amortization | Amount | |||||||||||||||||||
Customer relationship assets | $ | 1,885,222 | $ | (1,386,248 | ) | $ | 498,974 | $ | 1,892,484 | $ | (1,242,578 | ) | $ | 649,906 | ||||||||||
Trade names | 755,400 | (1,633 | ) | 753,767 | 760,491 | (1,633 | ) | 758,858 | ||||||||||||||||
$ | 2,640,622 | $ | (1,387,881 | ) | $ | 1,252,741 | $ | 2,652,975 | $ | (1,244,211 | ) | $ | 1,408,764 | |||||||||||
Schedule of expected amortization expense | ' | |||||||||||||||||||||||
Based on the recorded balances at October 3, 2014, total estimated amortization of all acquisition-related intangible assets for fiscal years 2015 through 2019 follows (in thousands): | ||||||||||||||||||||||||
2015 | $ | 133,428 | ||||||||||||||||||||||
2016 | $ | 97,451 | ||||||||||||||||||||||
2017 | $ | 73,997 | ||||||||||||||||||||||
2018 | $ | 50,732 | ||||||||||||||||||||||
2019 | $ | 41,186 | ||||||||||||||||||||||
Borrowings_Tables
Borrowings - (Tables) | 12 Months Ended | ||||||||||||
Oct. 03, 2014 | |||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||
Schedule of Long-term Borrowings | ' | ||||||||||||
Long-term borrowings are summarized in the following table (in thousands): | |||||||||||||
October 3, | September 27, | ||||||||||||
2014 | 2013 | ||||||||||||
Senior secured revolving credit facility | $ | — | $ | 10,000 | |||||||||
Senior secured term loan facility, due July 2016 | 74,884 | 3,032,349 | |||||||||||
Senior secured term loan facility, due September 2019 | 1,351,189 | 1,393,559 | |||||||||||
Senior secured term loan facility, due February 2021 | 2,559,925 | — | |||||||||||
5.75% senior notes, due March 2020 | 1,000,000 | 1,000,000 | |||||||||||
Receivables Facility, due May 2017 | 350,000 | 300,000 | |||||||||||
Capital leases | 54,420 | 52,385 | |||||||||||
Other | 55,176 | 35,777 | |||||||||||
5,445,594 | 5,824,070 | ||||||||||||
Less—current portion | (89,805 | ) | (65,841 | ) | |||||||||
$ | 5,355,789 | $ | 5,758,229 | ||||||||||
Schedule of Maturities of Long-term Debt | ' | ||||||||||||
At October 3, 2014, annual maturities on long-term borrowings maturing in the next five fiscal years and thereafter (excluding the $19.0 million discount on the senior secured term loan facilities) are as follows (in thousands): | |||||||||||||
2015 | $ | 89,805 | |||||||||||
2016 | $ | 116,750 | |||||||||||
2017 | $ | 391,664 | |||||||||||
2018 | $ | 48,011 | |||||||||||
2019 | $ | 1,363,475 | |||||||||||
Thereafter | $ | 3,454,928 | |||||||||||
Interest and Other Financing Costs Net | ' | ||||||||||||
Fiscal Year Ended | |||||||||||||
3-Oct-14 | 27-Sep-13 | 28-Sep-12 | |||||||||||
Interest expense | $ | 334,442 | $ | 425,625 | $ | 459,083 | |||||||
Interest income | (4,338 | ) | (6,430 | ) | (5,477 | ) | |||||||
Other financing costs | 4,782 | 4,650 | 3,201 | ||||||||||
Total | $ | 334,886 | $ | 423,845 | $ | 456,807 | |||||||
Derivative_Instruments_Tables
Derivative Instruments - (Tables) | 12 Months Ended | ||||||||||||||
Oct. 03, 2014 | |||||||||||||||
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): | |||||||||||||||
Fiscal Year Ended | |||||||||||||||
October 3, 2014 | September 27, 2013 | September 28, 2012 | |||||||||||||
Interest rate swap agreements | $ | 854 | $ | 7,598 | $ | 28,147 | |||||||||
Cross currency swap agreements | (3,050 | ) | 1,514 | 5,580 | |||||||||||
Natural gas hedge agreements | — | — | 113 | ||||||||||||
$ | (2,196 | ) | $ | 9,112 | $ | 33,840 | |||||||||
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 the Consolidated Balance Sheets (in thousands): | |||||||||||||||
Balance Sheet Location | 3-Oct-14 | September 27, 2013 | |||||||||||||
ASSETS | |||||||||||||||
Not designated as hedging instruments: | |||||||||||||||
Foreign currency forward exchange contracts | Prepayments | $ | 379 | $ | — | ||||||||||
Gasoline and diesel fuel agreements | Prepayments | — | 37 | ||||||||||||
$ | 379 | $ | 37 | ||||||||||||
LIABILITIES | |||||||||||||||
Designated as hedging instruments: | |||||||||||||||
Interest rate swap agreements | Accrued Expenses | $ | — | $ | 3,494 | ||||||||||
Interest rate swap agreements | Other Noncurrent Liabilities | 27,015 | 30,431 | ||||||||||||
Cross currency swap agreements | Other Noncurrent Liabilities | 7,467 | 16,129 | ||||||||||||
34,482 | 50,054 | ||||||||||||||
Not designated as hedging instruments: | |||||||||||||||
Foreign currency forward exchange contracts | Accounts Payable | — | 366 | ||||||||||||
Gasoline and diesel fuel agreements | Accounts Payable | 1,783 | — | ||||||||||||
Cross currency swap agreements | Accrued Expenses | — | 12,818 | ||||||||||||
$ | 36,265 | $ | 63,238 | ||||||||||||
Schedule Summarizes the Location of (Gain) Loss Reclassified from AOCI Into Earnings for Derivatives Designated as Hedging Instruments and the Location of (Gain) Loss | ' | ||||||||||||||
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 for our derivatives not designated as hedging instruments in the Consolidated Statements of Income (in thousands): | |||||||||||||||
Fiscal Year Ended | |||||||||||||||
Account | October 3, 2014 | September 27, 2013 | September 28, 2012 | ||||||||||||
Designated as hedging instruments: | |||||||||||||||
Interest rate swap agreements | Interest Expense | $ | 31,511 | $ | 23,479 | $ | 66,260 | ||||||||
Cross currency swap agreements | Interest Expense | (5,590 | ) | 289 | 18,048 | ||||||||||
Natural gas hedge agreements | Cost of services provided | — | — | 396 | |||||||||||
$ | 25,921 | $ | 23,768 | $ | 84,704 | ||||||||||
Not designated as hedging instruments: | |||||||||||||||
Cross currency swap agreements | Interest Expense | $ | (5,111 | ) | $ | 181 | $ | — | |||||||
Gasoline and diesel fuel agreements | Cost of services provided | 1,696 | 7 | 24 | |||||||||||
Foreign currency forward exchange contracts | Interest Expense | 3,644 | 2,697 | (265 | ) | ||||||||||
229 | 2,885 | (241 | ) | ||||||||||||
$ | 26,150 | $ | 26,653 | $ | 84,463 | ||||||||||
Employee_Pension_and_Profit_Sh1
Employee Pension and Profit Sharing Plans - (Tables) | 12 Months Ended | ||||||||||||||||
Oct. 03, 2014 | |||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | ||||||||||||||||
Schedule of Net Benefit Costs | ' | ||||||||||||||||
The following table sets forth the components of net periodic pension cost for the Company’s single-employer defined benefit pension plans for fiscal 2014, fiscal 2013 and fiscal 2012 (in thousands): | |||||||||||||||||
Fiscal Year Ended | |||||||||||||||||
3-Oct-14 | 27-Sep-13 | 28-Sep-12 | |||||||||||||||
Service cost | $ | 9,550 | $ | 11,045 | $ | 9,961 | |||||||||||
Interest cost | 13,571 | 12,693 | 13,001 | ||||||||||||||
Expected return on plan assets | (16,544 | ) | (14,256 | ) | (12,521 | ) | |||||||||||
Settlements | 527 | 308 | 467 | ||||||||||||||
Amortization of prior service cost | 52 | 119 | 6 | ||||||||||||||
Recognized net (gain) loss | 1,131 | 3,436 | 2,392 | ||||||||||||||
Net periodic pension cost | $ | 8,287 | $ | 13,345 | $ | 13,306 | |||||||||||
Schedule of Defined Benefit Plans Disclosures | ' | ||||||||||||||||
The following table set forth changes in the projected benefit obligation and the fair value of plan assets for these plans (in thousands): | |||||||||||||||||
Change in benefit obligation: | October 3, 2014 | September 27, 2013 | |||||||||||||||
Benefit obligation, beginning | $ | 296,389 | $ | 306,810 | |||||||||||||
Foreign currency translation | (17,401 | ) | (7,641 | ) | |||||||||||||
Service cost | 9,550 | 11,045 | |||||||||||||||
Interest cost | 13,571 | 12,693 | |||||||||||||||
Employee contributions | 2,978 | 2,954 | |||||||||||||||
Actuarial loss (gain) | 38,274 | (12,958 | ) | ||||||||||||||
Benefits paid | (13,529 | ) | (15,172 | ) | |||||||||||||
Settlements and curtailments | (3,103 | ) | (1,342 | ) | |||||||||||||
Benefit obligation, end | $ | 326,729 | $ | 296,389 | |||||||||||||
Change in plan assets: | |||||||||||||||||
Fair value of plan assets, beginning | $ | 248,679 | $ | 222,272 | |||||||||||||
Foreign currency translation | (14,451 | ) | (5,359 | ) | |||||||||||||
Employer contributions | 23,769 | 19,731 | |||||||||||||||
Employee contributions | 2,978 | 2,954 | |||||||||||||||
Actual return on plan assets | 32,596 | 25,890 | |||||||||||||||
Benefits paid | (13,529 | ) | (15,172 | ) | |||||||||||||
Settlements | (3,108 | ) | (1,637 | ) | |||||||||||||
Fair value of plan assets, end | $ | 276,934 | $ | 248,679 | |||||||||||||
Funded Status at end of year | $ | (49,795 | ) | $ | (47,710 | ) | |||||||||||
Schedule of Amounts Recognized in Balance Sheet Including Accumulated Other Comprehensive Income | ' | ||||||||||||||||
Amounts recognized in the Consolidated Balance Sheets consist of the following (in thousands): | |||||||||||||||||
October 3, 2014 | September 27, 2013 | ||||||||||||||||
Current benefit liability (included in Accrued expenses and other current liabilities) | $ | (955 | ) | $ | (924 | ) | |||||||||||
Noncurrent benefit liability (included in Other Noncurrent Liabilities) | $ | (48,840 | ) | $ | (46,786 | ) | |||||||||||
Net actuarial loss (gain) (included in Accumulated other comprehensive (income) loss before taxes) | $ | 65,104 | $ | 47,456 | |||||||||||||
Prior service cost (included in Accumulated other comprehensive (income) loss before taxes) | $ | 36 | $ | 44 | |||||||||||||
Schedule of Assumptions Used | ' | ||||||||||||||||
The following weighted average assumptions were used to determine pension expense of the respective fiscal years: | |||||||||||||||||
October 3, 2014 | September 27, 2013 | ||||||||||||||||
Discount rate | 4.6 | % | 4.2 | % | |||||||||||||
Rate of compensation increase | 3.3 | % | 3.4 | % | |||||||||||||
Long-term rate of return on assets | 6.6 | % | 6.7 | % | |||||||||||||
The following weighted average assumptions were used to determine the funded status of the respective fiscal years: | |||||||||||||||||
October 3, 2014 | September 27, 2013 | ||||||||||||||||
Discount rate | 4 | % | 4.6 | % | |||||||||||||
Rate of compensation increase | 3.3 | % | 3.3 | % | |||||||||||||
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets | ' | ||||||||||||||||
The following table sets forth information for the Company’s single-employer pension plans with an accumulated benefit obligation in excess of plan assets as of October 3, 2014 and September 27, 2013 (in thousands): | |||||||||||||||||
3-Oct-14 | 27-Sep-13 | ||||||||||||||||
Projected benefit obligation | $ | 148,459 | $ | 166,798 | |||||||||||||
Accumulated benefit obligation | 144,165 | 160,798 | |||||||||||||||
Fair value of plan assets | 109,789 | 131,392 | |||||||||||||||
Schedule of Allocation of Plan Assets | ' | ||||||||||||||||
The fair value of plan assets for the Company’s defined benefit pension plans as of October 3, 2014 and September 27, 2013 is as follows (see Note 16 for a description of the fair value levels) (in thousands): | |||||||||||||||||
3-Oct-14 | Quoted prices in | Significant other | Significant | ||||||||||||||
active markets | observable inputs | unobservable inputs | |||||||||||||||
Level 1 | Level 2 | Level 3 | |||||||||||||||
Cash and cash equivalents and other | $ | 697 | $ | 697 | $ | — | $ | — | |||||||||
Investment funds: | |||||||||||||||||
Pooled funds—equity | 168,605 | — | 168,605 | — | |||||||||||||
Pooled funds—fixed income | 98,951 | — | 98,951 | — | |||||||||||||
Real estate | 8,681 | — | — | 8,681 | |||||||||||||
Total | $ | 276,934 | $ | 697 | $ | 267,556 | $ | 8,681 | |||||||||
27-Sep-13 | Quoted prices in | Significant other | Significant | ||||||||||||||
active markets | observable inputs | unobservable inputs | |||||||||||||||
Level 1 | Level 2 | Level 3 | |||||||||||||||
Cash and cash equivalents and other | $ | 2,394 | $ | 2,394 | $ | — | $ | — | |||||||||
Investment funds: | |||||||||||||||||
Pooled funds—equity | 157,372 | — | 157,372 | — | |||||||||||||
Pooled funds—fixed income | 88,913 | — | 88,913 | — | |||||||||||||
Total | $ | 248,679 | $ | 2,394 | $ | 246,285 | $ | — | |||||||||
Schedule of Expected Benefit Payments | ' | ||||||||||||||||
The following table sets forth the benefits expected to be paid in the next five fiscal years and in aggregate for the five fiscal years thereafter by the Company’s defined benefit pension plans (in thousands): | |||||||||||||||||
Fiscal 2015 | $ | 11,617 | |||||||||||||||
Fiscal 2016 | $ | 12,188 | |||||||||||||||
Fiscal 2017 | $ | 12,865 | |||||||||||||||
Fiscal 2018 | $ | 13,495 | |||||||||||||||
Fiscal 2019 | $ | 13,241 | |||||||||||||||
Fiscal 2020 – 2024 | $ | 74,611 | |||||||||||||||
Schedule of Multiemployer Plans | ' | ||||||||||||||||
There have been no significant changes that affect the comparability of fiscal 2014, fiscal 2013 and fiscal 2012 contributions. | |||||||||||||||||
Pension | EIN/Pension | Pension Protection | FIP/RP Status Pending/ Implemented | Contributions by the Company | Range of Expiration Dates of CBAs | ||||||||||||
Fund | Plan Number | Act Zone Status | (in thousands) | ||||||||||||||
2014 | 2013 | 2014 | 2013 | 2012 | Surcharge | ||||||||||||
Imposed | |||||||||||||||||
National Retirement Fund | 13-6130178/ 001 | Red | Red | Implemented | $ | 6,304 | $ | 6,011 | $ | 4,868 | No | 10/31/2012- 6/30/2018 | |||||
Service Employees Pension Fund of Upstate New York (1) | 16-0908576/ 001 | Red | Red | Implemented | 440 | 360 | 247 | No | 9/30/2014- 6/30/2015 | ||||||||
Local 1102 Retirement Trust (2) | 13-1847329/ 001 | Red | Red | Implemented | 334 | 275 | 201 | No | 6/30/2013- 6/30/2015 | ||||||||
Central States SE and SW Areas Pension Plan | 36-6044243/ 001 | Red | Red | Implemented | 3,549 | 3,415 | 3,164 | No | 1/31/2007- 11/26/2015 | ||||||||
Pension Plan for Hospital & Health Care Employees Philadelphia & Vicinity | 23-2627428/ 001 | Yellow | Yellow | Implemented | 156 | 161 | 154 | No | 1/31/18 | ||||||||
Retail, Wholesale and Department Store International Union and Industry Pension Fund | 63-0708442/001 | Green | Green | N/A | 307 | 306 | 292 | No | 5/13/2014- 1/29/2018 | ||||||||
Local 731 IBT Textile Maintenance and Laundry Craft Pension Fund | 51-6056180/001 | Red | Red | Implemented | 668 | 453 | 384 | No | 4/29/16 | ||||||||
SEIU National Industry Pension Fund | 52-6148540/001 | Red | Red | Implemented | 47 | 173 | 280 | No | 4/14/16 | ||||||||
Automotive Industries Pension Plan | 94-1133245/001 | Red | Red | Implemented | 29 | 28 | 27 | No | 5/31/14 | ||||||||
Other funds | 13,289 | 13,081 | 12,684 | ||||||||||||||
Total contributions | $ | 25,123 | $ | 24,263 | $ | 22,301 | |||||||||||
-1 | Over 60% of the Company's participants in this fund are covered by a single CBA that expires on 6/30/2015. | ||||||||||||||||
-2 | Over 90% of the Company's participants in this fund are covered by a single CBA that expires on 6/30/2015. | ||||||||||||||||
The Company provided more than 5 percent of the total contributions for the following plans and plan years: | |||||||||||||||||
Pension | Contributions to the plan exceeded more than 5% of total contributions (as of the plan's year-end) | ||||||||||||||||
Fund | |||||||||||||||||
Local 1102 Retirement Trust | 12/31/ 2013 and 12/31/2012 | ||||||||||||||||
Service Employees Pension Fund of Upstate New York | 12/31/ 2013 and 12/31/2012 | ||||||||||||||||
Local 731 IBT Textile Maintenance and Laundry Craft Pension Fund | 12/31/2013 and 12/31/2012 |
Income_Taxes_Tables
Income Taxes - (Tables) | 12 Months Ended | ||||||||||||
Oct. 03, 2014 | |||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||
Income (loss) from continuing operations before income taxes by source of income | ' | ||||||||||||
The components of income from continuing operations before income taxes by source of income are as follows (in thousands): | |||||||||||||
Fiscal Year Ended | |||||||||||||
October 3, 2014 | September 27, 2013 | September 28, 2012 | |||||||||||
United States | $ | 110,936 | $ | 18,557 | $ | 34,498 | |||||||
Non-U.S. | 118,741 | 72,072 | 90,470 | ||||||||||
$ | 229,677 | $ | 90,629 | $ | 124,968 | ||||||||
Provision (benefit) for income taxes | ' | ||||||||||||
The provision for income taxes consists of (in thousands): | |||||||||||||
Fiscal Year Ended | |||||||||||||
October 3, 2014 | September 27, 2013 | September 28, 2012 | |||||||||||
Current: | |||||||||||||
Federal | $ | 6,692 | $ | 2,740 | $ | 45,173 | |||||||
State and local | 5,308 | 126 | 7,205 | ||||||||||
Non-U.S. | 30,846 | 34,158 | 32,301 | ||||||||||
$ | 42,846 | $ | 37,024 | $ | 84,679 | ||||||||
Deferred: | |||||||||||||
Federal | $ | 32,843 | $ | (1,007 | ) | $ | (42,515 | ) | |||||
State and local | 2,515 | (656 | ) | (11,189 | ) | ||||||||
Non-U.S. | 2,014 | (16,128 | ) | (12,909 | ) | ||||||||
37,372 | (17,791 | ) | (66,613 | ) | |||||||||
$ | 80,218 | $ | 19,233 | $ | 18,066 | ||||||||
Effective Income Tax Rate Reconciliation | ' | ||||||||||||
The provision for income taxes varies from the amount determined by applying the United States Federal statutory rate to pretax income as a result of the following (all percentages are as a percentage of income from continuing operations before income taxes): | |||||||||||||
Fiscal Year Ended | |||||||||||||
October 3, 2014 | September 27, 2013 | September 28, 2012 | |||||||||||
United States statutory income tax rate | 35 | % | 35 | % | 35 | % | |||||||
Increase (decrease) in taxes, resulting from: | |||||||||||||
State income taxes, net of Federal tax benefit | 2.2 | 1 | 0.5 | ||||||||||
Foreign taxes | (2.3 | ) | (2.2 | ) | (9.8 | ) | |||||||
Permanent book/tax differences | 2.7 | 1.8 | (0.6 | ) | |||||||||
Uncertain tax positions | (0.4 | ) | (1.6 | ) | (1.8 | ) | |||||||
Tax credits & other | (2.3 | ) | (12.8 | ) | (8.8 | ) | |||||||
Effective income tax rate | 34.9 | % | 21.2 | % | 14.5 | % | |||||||
Components of deferred taxes | ' | ||||||||||||
As of October 3, 2014 and September 27, 2013, the components of deferred taxes are as follows (in thousands): | |||||||||||||
October 3, 2014 | September 27, 2013 | ||||||||||||
Deferred tax liabilities: | |||||||||||||
Property and equipment | $ | 52,484 | $ | 71,425 | |||||||||
Investments | 36,233 | 43,527 | |||||||||||
Other intangible assets, including goodwill | 674,097 | 700,526 | |||||||||||
Inventory and Other | 96,919 | 70,037 | |||||||||||
Gross deferred tax liability | 859,733 | 885,515 | |||||||||||
Deferred tax assets: | |||||||||||||
Insurance | 27,574 | 36,458 | |||||||||||
Employee compensation and benefits | 210,906 | 218,491 | |||||||||||
Accruals and allowances | 22,216 | 37,876 | |||||||||||
Derivatives | — | 18,449 | |||||||||||
Net operating loss/credit carryforwards and other | 43,320 | 37,264 | |||||||||||
Gross deferred tax asset, before valuation allowances | 304,016 | 348,538 | |||||||||||
Valuation allowances | (12,032 | ) | (10,263 | ) | |||||||||
Net deferred tax liability | $ | 567,749 | $ | 547,240 | |||||||||
Reconciliation of the beginning and ending amount of gross unrecognized tax benefits | ' | ||||||||||||
A reconciliation of the beginning and ending amount of gross unrecognized tax benefits follows (in thousands): | |||||||||||||
October 3, 2014 | September 27, 2013 | ||||||||||||
Balance, beginning of year | $ | 27,337 | $ | 31,977 | |||||||||
Additions based on tax positions taken in the current year | 804 | 2,342 | |||||||||||
Additions/Reductions for tax positions taken in prior years | 3,306 | (1,123 | ) | ||||||||||
Reductions for remeasurements, settlements and payments | (597 | ) | (3,919 | ) | |||||||||
Reductions due to statute expiration | (4,633 | ) | (1,940 | ) | |||||||||
Balance, end of year | $ | 26,217 | $ | 27,337 | |||||||||
ShareBased_Compensation_Tables
Share-Based Compensation - (Tables) | 12 Months Ended | ||||||||||||
Oct. 03, 2014 | |||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||
Schedule of Stock Option Valuation Assumptions | ' | ||||||||||||
The risk-free rate is based on the United States Treasury security with terms equal to the expected life of the option as of the grant date. | |||||||||||||
Fiscal Year Ended | |||||||||||||
October 3, 2014 | September 27, 2013 | September 28, 2012 | |||||||||||
Expected volatility | 30% | 30% | 30% | ||||||||||
Expected dividend yield | 1.50% | 0% | 0% | ||||||||||
Expected life (in years) | 4.0 - 5.0 | 4.5 - 5.5 | 5.0 - 6.0 | ||||||||||
Risk-free interest rate | 0.65% - 1.47% | 0.61% - 0.85% | 0.73% - 1.04% | ||||||||||
The risk-free rate is based on the United States Treasury security with terms equal to the expected life of the option as of the grant date. | |||||||||||||
Fiscal Year Ended | |||||||||||||
October 3, 2014 | September 27, 2013 | September 28, 2012 | |||||||||||
Expected volatility | 30% | 30% | 30% | ||||||||||
Expected dividend yield | 1.50% | 0% | 0% | ||||||||||
Expected life (in years) | 6.25 | 6.25 | 6.25 | ||||||||||
Risk-free interest rate | 2.06% - 2.33% | 1.02% - 2.36% | 1.04% - 1.61% | ||||||||||
Schedule of Options Activity | ' | ||||||||||||
A summary of Performance-Based Options activity is presented below: | |||||||||||||
Options | Shares | Weighted- | Aggregate Intrinsic Value ($000s) | Weighted-Average Remaining Term (Years) | |||||||||
(000s) | Average | ||||||||||||
Exercise | |||||||||||||
Price | |||||||||||||
Outstanding at September 27, 2013 | 13,938 | $ | 8.86 | ||||||||||
Granted | — | $ | — | ||||||||||
Exercised | (3,853 | ) | $ | 7.46 | |||||||||
Forfeited and expired | (755 | ) | $ | 9.88 | |||||||||
Outstanding at October 3, 2014 | 9,330 | $ | 9.36 | $ | 159,341 | 4.9 | |||||||
Exercisable at October 3, 2014 | 7,646 | $ | 8.52 | $ | 137,025 | 4.4 | |||||||
Expected to vest at October 3, 2014 | 901 | $ | 12.81 | $ | 12,291 | 6.5 | |||||||
A summary of Time-Based Options activity is presented below: | |||||||||||||
Options | Shares | Weighted- | Aggregate Intrinsic Value ($000s) | Weighted-Average Remaining Term (Years) | |||||||||
(000s) | Average | ||||||||||||
Exercise | |||||||||||||
Price | |||||||||||||
Outstanding at September 27, 2013 | 18,908 | $ | 11.04 | ||||||||||
Granted | 2,080 | $ | 23.81 | ||||||||||
Exercised | (4,283 | ) | $ | 7.7 | |||||||||
Forfeited and expired | (956 | ) | $ | 15.48 | |||||||||
Outstanding at October 3, 2014 | 15,749 | $ | 13.37 | $ | 205,928 | 6.6 | |||||||
Exercisable at October 3, 2014 | 8,475 | $ | 9.74 | $ | 141,562 | 5 | |||||||
Expected to vest at October 3, 2014 | 5,795 | $ | 17.68 | $ | 50,827 | 8.6 | |||||||
Schedule of Restricted Stock Units Activity | ' | ||||||||||||
Restricted Stock Units | Units | Weighted Average Grant Date Fair Value | |||||||||||
(000s) | |||||||||||||
Outstanding at September 27, 2013 | 1,267 | $16.22 | |||||||||||
Granted | 2,100 | $20.53 | |||||||||||
Vested | -288 | $16.23 | |||||||||||
Forfeited | -309 | $18.23 | |||||||||||
Outstanding at October 3, 2014 | 2,770 | $19.22 | |||||||||||
Earnings_Per_Share_Tables
Earnings Per Share - (Tables) | 12 Months Ended | ||||||||||||
Oct. 03, 2014 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Schedule of Earnings Per Share | ' | ||||||||||||
The following table sets forth the computation of basic and diluted earnings per share attributable to the Company's stockholders (in thousands, except per share data): | |||||||||||||
Fiscal Year Ended | |||||||||||||
October 3, 2014 | September 27, 2013 | September 28, 2012 | |||||||||||
Earnings: | |||||||||||||
Income from Continuing Operations attributable to Aramark stockholders | $148,956 | $70,386 | $103,254 | ||||||||||
Income (loss) from Discontinued Operations attributable to Aramark stockholders | — | (1,030 | ) | 297 | |||||||||
Net income attributable to Aramark stockholders | $148,956 | $69,356 | $103,551 | ||||||||||
Shares: | |||||||||||||
Basic weighted-average shares outstanding | 225,866 | 201,916 | 203,211 | ||||||||||
Effect of dilutive securities | 11,585 | 7,454 | 6,496 | ||||||||||
Diluted weighted-average shares outstanding | 237,451 | 209,370 | 209,707 | ||||||||||
Basic Earnings Per Share: | |||||||||||||
Income from Continuing Operations | $0.66 | $0.35 | $0.51 | ||||||||||
Income (loss) from Discontinued Operations | — | (0.01 | ) | — | |||||||||
$0.66 | $0.34 | $0.51 | |||||||||||
Diluted Earnings Per Share: | |||||||||||||
Income from Continuing Operations | $0.63 | $0.34 | $0.49 | ||||||||||
Income (loss) from Discontinued Operations | — | (0.01 | ) | — | |||||||||
$0.63 | $0.33 | $0.49 | |||||||||||
Commitments_And_Contingencies_
Commitments And Contingencies - (Tables) | 12 Months Ended | |||
Oct. 03, 2014 | ||||
Commitments and Contingencies Disclosure [Abstract] | ' | |||
Schedule of Future Minimum Rental Commitments Under All Noncancelable Operating Leases | ' | |||
Following is a schedule of the future minimum rental and similar commitments under all noncancelable operating leases as of October 3, 2014 (in thousands): | ||||
2015 | $ | 235,049 | ||
2016 | 95,150 | |||
2017 | 85,634 | |||
2018 | 72,716 | |||
2019 | 47,483 | |||
2020-Thereafter | 105,384 | |||
Total minimum rental obligations | $ | 641,416 | ||
Quarterly_Results_Unaudited_Ta
Quarterly Results (Unaudited) - (Tables) | 12 Months Ended | ||||||||||||||||
Oct. 03, 2014 | |||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||
Schedule of quarterly financial data | ' | ||||||||||||||||
The following table summarizes the Company's unaudited quarterly results for fiscal 2014 and fiscal 2013 (in thousands): | |||||||||||||||||
Quarter Ended | |||||||||||||||||
December 27, 2013 | March 28, 2014 | June 27, 2014 | October 3, 2014 | ||||||||||||||
Sales | $ | 3,763,081 | $ | 3,502,007 | $ | 3,620,057 | $ | 3,947,768 | |||||||||
Cost of services provided | 3,354,819 | 3,159,808 | 3,275,409 | 3,573,882 | |||||||||||||
Income from Continuing Operations | 44,916 | 13,117 | 46,916 | 44,510 | |||||||||||||
Net income attributable to Aramark stockholders | 44,762 | 12,916 | 46,873 | 44,405 | |||||||||||||
Earnings per share: | |||||||||||||||||
Basic | $ | 0.22 | $ | 0.06 | $ | 0.2 | $ | 0.19 | |||||||||
Diluted | 0.21 | 0.05 | 0.19 | 0.18 | |||||||||||||
Dividends declared per common share | — | 0.075 | 0.075 | 0.075 | |||||||||||||
Quarter Ended | |||||||||||||||||
December 28, 2012 | March 29, 2013 | June 28, 2013 | September 27, 2013 | ||||||||||||||
Sales | $ | 3,535,915 | $ | 3,403,737 | $ | 3,490,030 | $ | 3,515,975 | |||||||||
Cost of services provided | 3,171,540 | 3,132,226 | 3,178,092 | 3,179,286 | |||||||||||||
Income (Loss) from Continuing Operations | 43,192 | (39,904 | ) | 27,974 | 40,134 | ||||||||||||
Net income (loss) attributable to Aramark stockholders | 42,814 | (40,104 | ) | 27,748 | 38,898 | ||||||||||||
Earnings per share: | |||||||||||||||||
Basic | $ | 0.21 | $ | (0.20 | ) | $ | 0.14 | $ | 0.19 | ||||||||
Diluted | 0.2 | (0.20 | ) | 0.13 | 0.19 | ||||||||||||
Dividends declared per common share | — | — | — | — | |||||||||||||
Business_Segments_Tables
Business Segments - (Tables) | 12 Months Ended | |||||||||||
Oct. 03, 2014 | ||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||
Schedule of Sales by Segment | ' | |||||||||||
Financial information by segment follows (in millions): | ||||||||||||
Sales | ||||||||||||
Fiscal Year Ended | ||||||||||||
October 3, 2014 | September 27, 2013 | September 28, 2012 | ||||||||||
FSS North America | $ | 10,232.80 | $ | 9,594.20 | $ | 9,347.90 | ||||||
FSS International | 3,111.20 | 2,940.20 | 2,794.80 | |||||||||
Uniform | 1,488.90 | 1,411.30 | 1,362.70 | |||||||||
$ | 14,832.90 | $ | 13,945.70 | $ | 13,505.40 | |||||||
Schedule of Operating Income by Segment | ' | |||||||||||
Operating Income | ||||||||||||
Fiscal Year Ended | ||||||||||||
October 3, 2014 | September 27, 2013 | September 28, 2012 | ||||||||||
FSS North America | $ | 501.3 | $ | 403.2 | $ | 424.9 | ||||||
FSS International | 106.2 | 68.1 | 90.6 | |||||||||
Uniform | 172.1 | 117.3 | 118.1 | |||||||||
779.6 | 588.6 | 633.6 | ||||||||||
Corporate | (215.0 | ) | (74.2 | ) | (51.8 | ) | ||||||
Operating Income | 564.6 | 514.4 | 581.8 | |||||||||
Interest and Other Financing Costs, net | (334.9 | ) | (423.8 | ) | (456.8 | ) | ||||||
Income from Continuing Operations Before Income Taxes | $ | 229.7 | $ | 90.6 | $ | 125 | ||||||
Schedule of Depreciation and Amortization by Segment | ' | |||||||||||
Depreciation and Amortization | ||||||||||||
Fiscal Year Ended | ||||||||||||
October 3, 2014 | September 27, 2013 | September 28, 2012 | ||||||||||
FSS North America | $ | 381 | $ | 374.2 | $ | 363.8 | ||||||
FSS International | 59.2 | 64 | 61.9 | |||||||||
Uniform | 79.6 | 102 | 102.6 | |||||||||
Corporate | 1.8 | 1.9 | 0.9 | |||||||||
$ | 521.6 | $ | 542.1 | $ | 529.2 | |||||||
Schedule of Capital Expenditures and Client Contract Investments and Other by Segment | ' | |||||||||||
Capital Expenditures and | ||||||||||||
Client Contract Investments and Other* | ||||||||||||
Fiscal Year Ended | ||||||||||||
October 3, 2014 | September 27, 2013 | September 28, 2012 | ||||||||||
FSS North America | $ | 431.3 | $ | 283.3 | $ | 278.5 | ||||||
FSS International | 48.4 | 63 | 54.4 | |||||||||
Uniform | 53.8 | 46.7 | 40.5 | |||||||||
Corporate | 18.4 | 0.1 | — | |||||||||
$ | 551.9 | $ | 393.1 | $ | 373.4 | |||||||
* Includes amounts acquired in business combinations | ||||||||||||
Schedule of Assets by Segment | ' | |||||||||||
Identifiable Assets | ||||||||||||
October 3, 2014 | September 27, 2013 | |||||||||||
FSS North America | $ | 7,072.90 | $ | 6,916.40 | ||||||||
FSS International | 1,485.30 | 1,554.10 | ||||||||||
Uniform | 1,695.70 | 1,670.00 | ||||||||||
Corporate | 201.8 | 126.6 | ||||||||||
$ | 10,455.70 | $ | 10,267.10 | |||||||||
Schedule of Revenue by Geographic Areas | ' | |||||||||||
The following geographic data include sales generated by subsidiaries within that geographic area and net property & equipment based on physical location (in millions): | ||||||||||||
Sales | ||||||||||||
Fiscal Year Ended | ||||||||||||
October 3, 2014 | September 27, 2013 | September 28, 2012 | ||||||||||
United States | $ | 10,798.50 | $ | 10,025.00 | $ | 9,729.60 | ||||||
Foreign | 4,034.40 | 3,920.70 | 3,775.80 | |||||||||
$ | 14,832.90 | $ | 13,945.70 | $ | 13,505.40 | |||||||
Schedule of Net Property and Equipment by Geographic Areas | ' | |||||||||||
Net Property & Equipment | ||||||||||||
October 3, 2014 | September 27, 2013 | |||||||||||
United States | $ | 834.4 | $ | 789.4 | ||||||||
Foreign | 162.9 | 187.9 | ||||||||||
$ | 997.3 | $ | 977.3 | |||||||||
Fair_Value_of_Financial_Assets1
Fair Value of Financial Assets and Financial Liabilities - (Tables) | 12 Months Ended | |||
Oct. 03, 2014 | ||||
Fair Value Disclosures [Abstract] | ' | |||
Fair Value, Temporary Equity Measured on Recurring Basis, Unobservable Input Reconciliation | ' | |||
The following table presents the changes in the Company's common stock subject to repurchase for which level 3 inputs were significant to their valuation for fiscal 2014 (in thousands): | ||||
Common Stock | ||||
Subject to | ||||
Repurchase | ||||
Balance, September 27, 2013 | $ | 158,708 | ||
Repurchases of common stock | (763 | ) | ||
Reclassification of common stock subject to repurchase | (157,945 | ) | ||
Balance, October 3, 2014 | $ | — | ||
Condensed_Consolidating_Financ1
Condensed Consolidating Financial Statements of ARAMARK and Subsidiaries - (Tables) | 12 Months Ended | |||||||||||||||||||||||
Oct. 03, 2014 | ||||||||||||||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' | |||||||||||||||||||||||
Schedule of Condensed Consolidated Balance Sheet | ' | |||||||||||||||||||||||
CONDENSED CONSOLIDATING BALANCE SHEETS | ||||||||||||||||||||||||
October 3, 2014 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Aramark (Parent) | Aramark Services, Inc. | Guarantors | Non | Eliminations | Consolidated | |||||||||||||||||||
(Issuer) | Guarantors | |||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||
Current Assets: | ||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | 26.3 | $ | 41.6 | $ | 43.8 | $ | — | $ | 111.7 | ||||||||||||
Receivables | — | 0.2 | 265.4 | 1,316.90 | — | 1,582.50 | ||||||||||||||||||
Inventories, at lower of cost or market | — | 15.4 | 458.7 | 79.7 | — | 553.8 | ||||||||||||||||||
Prepayments and other current assets | — | 73.5 | 67.4 | 76.1 | — | 217 | ||||||||||||||||||
Total current assets | — | 115.4 | 833.1 | 1,516.50 | — | 2,465.00 | ||||||||||||||||||
Property and Equipment, net | — | 24.9 | 796.5 | 175.9 | — | 997.3 | ||||||||||||||||||
Goodwill | — | 173.1 | 3,982.80 | 433.8 | — | 4,589.70 | ||||||||||||||||||
Investment in and Advances to Subsidiaries | 1,718.80 | 5,677.40 | 433 | 65.7 | (7,894.9 | ) | — | |||||||||||||||||
Other Intangible Assets | — | 29.7 | 1,101.30 | 121.7 | — | 1,252.70 | ||||||||||||||||||
Other Assets | — | 70.1 | 821.4 | 261.5 | (2.0 | ) | 1,151.00 | |||||||||||||||||
$ | 1,718.80 | $ | 6,090.60 | $ | 7,968.10 | $ | 2,575.10 | $ | (7,896.9 | ) | $ | 10,455.70 | ||||||||||||
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||||||||||||||||||
Current Liabilities: | ||||||||||||||||||||||||
Current maturities of long-term borrowings | $ | — | $ | 22 | $ | 13 | $ | 54.8 | $ | — | $ | 89.8 | ||||||||||||
Accounts payable | — | 189.8 | 577.4 | 219 | — | 986.2 | ||||||||||||||||||
Accrued expenses and other liabilities | 0.8 | 140.8 | 861.1 | 300.1 | 0.1 | 1,302.90 | ||||||||||||||||||
Total current liabilities | 0.8 | 352.6 | 1,451.50 | 573.9 | 0.1 | 2,378.90 | ||||||||||||||||||
Long-term Borrowings | — | 4,503.70 | 41.3 | 810.8 | — | 5,355.80 | ||||||||||||||||||
Deferred Income Taxes and Other Noncurrent Liabilities | — | 372.3 | 535.5 | 85.3 | — | 993.1 | ||||||||||||||||||
Intercompany Payable | — | — | 4,968.20 | 1,291.50 | (6,259.7 | ) | — | |||||||||||||||||
Common Stock Subject to Repurchase and Other | — | — | 9.9 | — | — | 9.9 | ||||||||||||||||||
Total Stockholders' Equity | 1,718.00 | 862 | 961.7 | (186.4 | ) | (1,637.3 | ) | 1,718.00 | ||||||||||||||||
$ | 1,718.80 | $ | 6,090.60 | $ | 7,968.10 | $ | 2,575.10 | $ | (7,896.9 | ) | $ | 10,455.70 | ||||||||||||
CONDENSED CONSOLIDATING BALANCE SHEETS | ||||||||||||||||||||||||
September 27, 2013 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Aramark (Parent) | Aramark Services, Inc. | Guarantors | Non | Eliminations | Consolidated | |||||||||||||||||||
(Issuer) | Guarantors | |||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||
Current Assets: | ||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | 23 | $ | 40.5 | $ | 47.5 | $ | — | $ | 111 | ||||||||||||
Receivables | — | 1.4 | 242.9 | 1,161.60 | — | 1,405.90 | ||||||||||||||||||
Inventories, at lower of cost or market | — | 15.9 | 441 | 85.1 | — | 542 | ||||||||||||||||||
Prepayments and other current assets | — | 46.2 | 103.1 | 79 | — | 228.3 | ||||||||||||||||||
Total current assets | — | 86.5 | 827.5 | 1,373.20 | — | 2,287.20 | ||||||||||||||||||
Property and Equipment, net | — | 24.4 | 751.2 | 201.7 | — | 977.3 | ||||||||||||||||||
Goodwill | — | 173.1 | 3,994.60 | 452.3 | — | 4,620.00 | ||||||||||||||||||
Investment in and Advances to Subsidiaries | 1,062.70 | 6,267.40 | 444.8 | 124.5 | (7,899.4 | ) | — | |||||||||||||||||
Other Intangible Assets | — | 32.6 | 1,230.00 | 146.1 | — | 1,408.70 | ||||||||||||||||||
Other Assets | — | 68.4 | 629.5 | 278 | (2.0 | ) | 973.9 | |||||||||||||||||
$ | 1,062.70 | $ | 6,652.40 | $ | 7,877.60 | $ | 2,575.80 | $ | (7,901.4 | ) | $ | 10,267.10 | ||||||||||||
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||||||||||||||||||
Current Liabilities: | ||||||||||||||||||||||||
Current maturities of long-term borrowings | $ | — | $ | 22.5 | $ | 12 | $ | 31.3 | $ | — | $ | 65.8 | ||||||||||||
Accounts payable | — | 147 | 448.3 | 293.7 | — | 889 | ||||||||||||||||||
Accrued expenses and other liabilities | 0.3 | 230.2 | 875.6 | 328.3 | 0.1 | 1,434.50 | ||||||||||||||||||
Total current liabilities | 0.3 | 399.7 | 1,335.90 | 653.3 | 0.1 | 2,389.30 | ||||||||||||||||||
Long-term Borrowings | — | 5,101.70 | 40.4 | 616.1 | — | 5,758.20 | ||||||||||||||||||
Deferred Income Taxes and Other Noncurrent Liabilities | — | 326.2 | 618.3 | 102.5 | — | 1,047.00 | ||||||||||||||||||
Intercompany Payable | — | — | 5,016.00 | 1,305.70 | (6,321.7 | ) | — | |||||||||||||||||
Common Stock Subject to Repurchase and Other | 158.7 | — | 10.2 | — | — | 168.9 | ||||||||||||||||||
Total Stockholders' Equity | 903.7 | 824.8 | 856.8 | (101.8 | ) | (1,579.8 | ) | 903.7 | ||||||||||||||||
$ | 1,062.70 | $ | 6,652.40 | $ | 7,877.60 | $ | 2,575.80 | $ | (7,901.4 | ) | $ | 10,267.10 | ||||||||||||
Schedule of Condensed Consolidated Statement of Income | ' | |||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME | ||||||||||||||||||||||||
For the year ended October 3, 2014 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Aramark (Parent) | Aramark Services, Inc. | Guarantors | Non | Eliminations | Consolidated | |||||||||||||||||||
(Issuer) | Guarantors | |||||||||||||||||||||||
Sales | $ | — | $ | 1,047.40 | $ | 9,544.70 | $ | 4,240.80 | $ | — | $ | 14,832.90 | ||||||||||||
Costs and Expenses: | ||||||||||||||||||||||||
Cost of services provided | — | 929.1 | 8,506.40 | 3,928.40 | — | 13,363.90 | ||||||||||||||||||
Depreciation and amortization | — | 13.7 | 412.1 | 95.8 | — | 521.6 | ||||||||||||||||||
Selling and general corporate expenses | 7.8 | 216.6 | 139.2 | 19.2 | — | 382.8 | ||||||||||||||||||
Interest and other financing costs, net | — | 302.9 | (1.2 | ) | 33.2 | — | 334.9 | |||||||||||||||||
Expense allocations | (7.8 | ) | (376.9 | ) | 342.3 | 42.4 | — | — | ||||||||||||||||
— | 1,085.40 | 9,398.80 | 4,119.00 | — | 14,603.20 | |||||||||||||||||||
Income (Loss) before Income Taxes | — | (38.0 | ) | 145.9 | 121.8 | — | 229.7 | |||||||||||||||||
Provision (Benefit) for Income Taxes | — | (15.6 | ) | 62.9 | 32.9 | — | 80.2 | |||||||||||||||||
Equity in Net Income of Subsidiaries | 149 | — | — | — | (149.0 | ) | — | |||||||||||||||||
Net income | 149 | (22.4 | ) | 83 | 88.9 | (149.0 | ) | 149.5 | ||||||||||||||||
Less: Net income attributable to noncontrolling interests | — | — | 0.5 | — | — | 0.5 | ||||||||||||||||||
Net income attributable to Aramark stockholders | 149 | (22.4 | ) | 82.5 | 88.9 | (149.0 | ) | 149 | ||||||||||||||||
Other comprehensive income (loss), net of tax | (47.1 | ) | 12.1 | (0.6 | ) | (82.6 | ) | 71.1 | (47.1 | ) | ||||||||||||||
Comprehensive income (loss) attributable to Aramark stockholders | $ | 101.9 | $ | (10.3 | ) | $ | 81.9 | $ | 6.3 | $ | (77.9 | ) | $ | 101.9 | ||||||||||
CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME | ||||||||||||||||||||||||
For the year ended September 27, 2013 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Aramark (Parent) | Aramark Services, Inc. | Guarantors | Non | Eliminations | Consolidated | |||||||||||||||||||
(Issuer) | Guarantors | |||||||||||||||||||||||
Sales | $ | — | $ | 1,034.00 | $ | 8,792.80 | $ | 4,118.80 | $ | — | $ | 13,945.60 | ||||||||||||
Costs and Expenses: | ||||||||||||||||||||||||
Cost of services provided | — | 996.6 | 7,811.80 | 3,852.80 | — | 12,661.20 | ||||||||||||||||||
Depreciation and amortization | — | 21 | 418.9 | 102.2 | — | 542.1 | ||||||||||||||||||
Selling and general corporate expenses | 0.9 | 82.5 | 125.7 | 18.8 | — | 227.9 | ||||||||||||||||||
Interest and other financing costs | 51 | 342.4 | (2.7 | ) | 33.1 | — | 423.8 | |||||||||||||||||
Expense allocations | — | (362.8 | ) | 326.1 | 36.7 | — | — | |||||||||||||||||
51.9 | 1,079.70 | 8,679.80 | 4,043.60 | — | 13,855.00 | |||||||||||||||||||
Income (Loss) from Continuing Operations before Income Taxes | (51.9 | ) | (45.7 | ) | 113 | 75.2 | — | 90.6 | ||||||||||||||||
Provision (Benefit) for Income Taxes | (19.2 | ) | (31.9 | ) | 52.3 | 18 | — | 19.2 | ||||||||||||||||
Equity in Net Income of Subsidiaries | 102.1 | — | — | — | (102.1 | ) | — | |||||||||||||||||
Income (Loss) from Continuing Operations | 69.4 | (13.8 | ) | 60.7 | 57.2 | (102.1 | ) | 71.4 | ||||||||||||||||
Loss from Discontinued Operations, net of tax | — | — | (1.0 | ) | — | — | (1.0 | ) | ||||||||||||||||
Net income (loss) | 69.4 | (13.8 | ) | 59.7 | 57.2 | (102.1 | ) | 70.4 | ||||||||||||||||
Less: Net income attributable to noncontrolling interests | — | — | 0.8 | 0.2 | — | 1 | ||||||||||||||||||
Net income (loss) attributable to Aramark stockholders | 69.4 | (13.8 | ) | 58.9 | 57 | (102.1 | ) | 69.4 | ||||||||||||||||
Other comprehensive income (loss), net of tax | 14.5 | 34.8 | 0.6 | (19.2 | ) | (16.2 | ) | 14.5 | ||||||||||||||||
Comprehensive income attributable to Aramark stockholders | $ | 83.9 | $ | 21 | $ | 59.5 | $ | 37.8 | $ | (118.3 | ) | $ | 83.9 | |||||||||||
CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME | ||||||||||||||||||||||||
For the year ended September 28, 2012 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Aramark (Parent) | Aramark Services, Inc. | Guarantors | Non | Eliminations | Consolidated | |||||||||||||||||||
(Issuer) | Guarantors | |||||||||||||||||||||||
Sales | $ | — | $ | 1,025.20 | $ | 8,427.60 | $ | 4,052.60 | $ | — | $ | 13,505.40 | ||||||||||||
Costs and Expenses: | ||||||||||||||||||||||||
Cost of services provided | — | 962 | 7,478.40 | 3,751.10 | — | 12,191.50 | ||||||||||||||||||
Depreciation and amortization | — | 19.2 | 403.8 | 106.2 | — | 529.2 | ||||||||||||||||||
Selling and general corporate expenses | 0.5 | 58.5 | 123 | 21 | — | 203 | ||||||||||||||||||
Interest and other financing costs, net | 55 | 364 | (0.4 | ) | 38.2 | — | 456.8 | |||||||||||||||||
Expense allocations | — | (353.1 | ) | 316 | 37.1 | — | — | |||||||||||||||||
55.5 | 1,050.60 | 8,320.80 | 3,953.60 | — | 13,380.50 | |||||||||||||||||||
Income (Loss) from Continuing Operations before Income Taxes | (55.5 | ) | (25.4 | ) | 106.8 | 99 | — | 124.9 | ||||||||||||||||
Provision (Benefit) for Income Taxes | (20.9 | ) | (9.2 | ) | 30.4 | 17.7 | — | 18 | ||||||||||||||||
Equity in Net Income of Subsidiaries | 138.2 | — | — | — | (138.2 | ) | — | |||||||||||||||||
Income (Loss) from Continuing Operations | 103.6 | (16.2 | ) | 76.4 | 81.3 | (138.2 | ) | 106.9 | ||||||||||||||||
Income from Discontinued Operations, net of tax | — | — | 0.3 | — | — | 0.3 | ||||||||||||||||||
Net income (loss) | 103.6 | (16.2 | ) | 76.7 | 81.3 | (138.2 | ) | 107.2 | ||||||||||||||||
Less: Net income attributable to noncontrolling interests | — | — | 1.1 | 2.5 | — | 3.6 | ||||||||||||||||||
Net income (loss) attributable to Aramark stockholders | 103.6 | (16.2 | ) | 75.6 | 78.8 | (138.2 | ) | 103.6 | ||||||||||||||||
Other comprehensive income (loss), net of tax | 3.6 | 32.9 | 2.3 | (28.4 | ) | (6.8 | ) | 3.6 | ||||||||||||||||
Comprehensive income attributable to Aramark stockholders | $ | 107.2 | $ | 16.7 | $ | 77.9 | $ | 50.4 | $ | (145.0 | ) | $ | 107.2 | |||||||||||
Schedule of Condensed Consolidated Cash Flow Statement | ' | |||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS | ||||||||||||||||||||||||
For the year ended October 3, 2014 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Aramark (Parent) | Aramark Services, Inc. | Guarantors | Non | Eliminations | Consolidated | |||||||||||||||||||
(Issuer) | Guarantors | |||||||||||||||||||||||
Net cash provided by (used in) operating activities | $ | 0.5 | $ | 65.6 | $ | 470.5 | $ | (105.4 | ) | $ | (33.1 | ) | $ | 398.1 | ||||||||||
Cash flows from investing activities: | ||||||||||||||||||||||||
Purchases of property and equipment, client contract investments and other | — | (20.2 | ) | (456.7 | ) | (68.3 | ) | — | (545.2 | ) | ||||||||||||||
Disposals of property and equipment | — | 8.4 | 6.2 | 13.9 | — | 28.5 | ||||||||||||||||||
Proceeds from divestiture | — | — | 24 | — | — | 24 | ||||||||||||||||||
Acquisitions of businesses, net of cash acquired | — | — | (13.2 | ) | (8.2 | ) | — | (21.4 | ) | |||||||||||||||
Other investing activities | — | 0.3 | 14 | (5.4 | ) | — | 8.9 | |||||||||||||||||
Net cash used in investing activities | — | (11.5 | ) | (425.7 | ) | (68.0 | ) | — | (505.2 | ) | ||||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||||||
Proceeds from long-term borrowings | — | 1,293.70 | — | 277.1 | — | 1,570.80 | ||||||||||||||||||
Payments of long-term borrowings | — | (1,877.4 | ) | (14.5 | ) | (86.7 | ) | — | (1,978.6 | ) | ||||||||||||||
Net change in funding under the Receivables Facility | — | — | — | 50 | — | 50 | ||||||||||||||||||
Payments of dividends | — | (52.2 | ) | — | — | — | (52.2 | ) | ||||||||||||||||
Proceeds from initial public offering, net | 524.1 | — | — | — | — | 524.1 | ||||||||||||||||||
Proceeds from issuance of common stock | — | 4.4 | — | — | — | 4.4 | ||||||||||||||||||
Repurchase of common stock | — | (4.7 | ) | — | — | — | (4.7 | ) | ||||||||||||||||
Other financing activities | — | 4.4 | (6.4 | ) | (4.0 | ) | — | (6.0 | ) | |||||||||||||||
Change in intercompany, net | (524.6 | ) | 581 | (22.8 | ) | (66.7 | ) | 33.1 | — | |||||||||||||||
Net cash provided by (used in) financing activities | (0.5 | ) | (50.8 | ) | (43.7 | ) | 169.7 | 33.1 | 107.8 | |||||||||||||||
Increase (decrease) in cash and cash equivalents | — | 3.3 | 1.1 | (3.7 | ) | — | 0.7 | |||||||||||||||||
Cash and cash equivalents, beginning of period | — | 23 | 40.5 | 47.5 | — | 111 | ||||||||||||||||||
Cash and cash equivalents, end of period | $ | — | $ | 26.3 | $ | 41.6 | $ | 43.8 | $ | — | $ | 111.7 | ||||||||||||
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS | ||||||||||||||||||||||||
For the year ended September 27, 2013 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Aramark (Parent) | Aramark Services, Inc. | Guarantors | Non | Eliminations | Consolidated | |||||||||||||||||||
(Issuer) | Guarantors | |||||||||||||||||||||||
Net cash provided by (used in) operating activities | $ | 599.9 | $ | 97.7 | $ | 585.5 | $ | 64 | $ | (651.2 | ) | $ | 695.9 | |||||||||||
Cash flows from investing activities: | ||||||||||||||||||||||||
Purchases of property and equipment, client contract investments and other | — | (14.3 | ) | (292.4 | ) | (86.2 | ) | — | (392.9 | ) | ||||||||||||||
Disposals of property and equipment | — | — | 5.4 | 5.9 | — | 11.3 | ||||||||||||||||||
Proceeds from divestitures | — | — | 0.9 | — | — | 0.9 | ||||||||||||||||||
Acquisitions of businesses, net of cash acquired | — | — | (22.6 | ) | — | — | (22.6 | ) | ||||||||||||||||
Other investing activities | — | (1.4 | ) | 27.4 | (8.1 | ) | — | 17.9 | ||||||||||||||||
Net cash used in investing activities | — | (15.7 | ) | (281.3 | ) | (88.4 | ) | — | (385.4 | ) | ||||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||||||
Proceeds from long-term borrowings | — | 3,071.40 | — | 9.1 | — | 3,080.50 | ||||||||||||||||||
Payments of long-term borrowings | (600.0 | ) | (2,521.2 | ) | (13.7 | ) | (180.0 | ) | — | (3,314.9 | ) | |||||||||||||
Net change in funding under the Receivables Facility | — | — | — | 36.2 | — | 36.2 | ||||||||||||||||||
Proceeds from issuance of common stock | — | 5.6 | — | — | — | 5.6 | ||||||||||||||||||
Repurchase of common stock | — | (42.4 | ) | — | — | — | (42.4 | ) | ||||||||||||||||
Distribution in connection with spin-off of Seamless | — | (47.4 | ) | — | — | — | (47.4 | ) | ||||||||||||||||
Other financing activities | — | (50.3 | ) | (2.7 | ) | (0.9 | ) | — | (53.9 | ) | ||||||||||||||
Change in intercompany, net | — | (502.1 | ) | (289.0 | ) | 139.9 | 651.2 | — | ||||||||||||||||
Net cash provided by (used in) financing activities | (600.0 | ) | (86.4 | ) | (305.4 | ) | 4.3 | 651.2 | (336.3 | ) | ||||||||||||||
Decrease in cash and cash equivalents | (0.1 | ) | (4.4 | ) | (1.2 | ) | (20.1 | ) | — | (25.8 | ) | |||||||||||||
Cash and cash equivalents, beginning of period | 0.1 | 27.4 | 41.7 | 67.6 | — | 136.8 | ||||||||||||||||||
Cash and cash equivalents, end of period | $ | — | $ | 23 | $ | 40.5 | $ | 47.5 | $ | — | $ | 111 | ||||||||||||
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS | ||||||||||||||||||||||||
For the year ended September 28, 2012 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Aramark (Parent) | Aramark Services, Inc. | Guarantors | Non | Eliminations | Consolidated | |||||||||||||||||||
(Issuer) | Guarantors | |||||||||||||||||||||||
Net cash provided by (used in) operating activities | $ | — | $ | 62.2 | $ | 532.5 | $ | 178.7 | $ | (81.7 | ) | $ | 691.7 | |||||||||||
Cash flows from investing activities: | ||||||||||||||||||||||||
Purchases of property and equipment, client contract investments and other | — | (11.7 | ) | (262.0 | ) | (80.9 | ) | — | (354.6 | ) | ||||||||||||||
Disposals of property and equipment | — | 0.7 | 5.2 | 5.8 | — | 11.7 | ||||||||||||||||||
Proceeds from divestitures | — | — | 6.5 | — | — | 6.5 | ||||||||||||||||||
Acquisitions of businesses, net of cash acquired | — | — | (139.9 | ) | (11.9 | ) | — | (151.8 | ) | |||||||||||||||
Other investing activities | — | 1.3 | 3.6 | 1.7 | — | 6.6 | ||||||||||||||||||
Net cash used in investing activities | — | (9.7 | ) | (386.6 | ) | (85.3 | ) | — | (481.6 | ) | ||||||||||||||
Cash flows from financing activities: | — | |||||||||||||||||||||||
Proceeds from long-term borrowings | — | — | 0.2 | 3.2 | — | 3.4 | ||||||||||||||||||
Payments of long-term borrowings | — | (250.7 | ) | (12.9 | ) | (25.3 | ) | — | (288.9 | ) | ||||||||||||||
Net change in funding under the Receivables Facility | — | — | — | 37.9 | — | 37.9 | ||||||||||||||||||
Proceeds from issuance of common stock | — | 11.3 | — | — | — | 11.3 | ||||||||||||||||||
Repurchase of common stock | — | (37.7 | ) | — | — | — | (37.7 | ) | ||||||||||||||||
Other financing activities | — | (6.1 | ) | (3.8 | ) | (2.8 | ) | — | (12.7 | ) | ||||||||||||||
Change in intercompany, net | — | 120.7 | (119.4 | ) | (83.0 | ) | 81.7 | — | ||||||||||||||||
Net cash used in financing activities | — | (162.5 | ) | (135.9 | ) | (70.0 | ) | 81.7 | (286.7 | ) | ||||||||||||||
Increase (decrease) in cash and cash equivalents | — | (110.0 | ) | 10 | 23.4 | — | (76.6 | ) | ||||||||||||||||
Cash and cash equivalents, beginning of period | 0.1 | 137.4 | 31.7 | 44.2 | — | 213.4 | ||||||||||||||||||
Cash and cash equivalents, end of period | $ | 0.1 | $ | 27.4 | $ | 41.7 | $ | 67.6 | $ | — | $ | 136.8 | ||||||||||||
Basis_Of_Presentation_and_Summ3
Basis Of Presentation and Summary of Significant Accounting Policies - Narrative (Details) (USD $) | 12 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||||
In Millions, except Share data, unless otherwise specified | Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 | Oct. 03, 2014 | Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 | Oct. 03, 2014 | Oct. 03, 2014 | Oct. 03, 2014 | Oct. 03, 2014 | Oct. 03, 2014 | Oct. 03, 2014 | Dec. 17, 2013 | Dec. 12, 2013 | Oct. 03, 2014 | Oct. 03, 2014 |
Other Assets and Accounts Payable [Member] | AIM Services Co., Ltd [Member] | AIM Services Co., Ltd [Member] | AIM Services Co., Ltd [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | IPO [Member] | IPO [Member] | Personalized Work Apparel, Linens, and Rental Items [Member] | Personalized Work Apparel, Linens, and Rental Items [Member] | ||||
Building and Building Improvements [Member] | Service Equipment and Fixtures [Member] | Building and Building Improvements [Member] | Service Equipment and Fixtures [Member] | Minimum [Member] | Maximum [Member] | ||||||||||||
Basis of Presentation and Summary of Significant Accounting Policies [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock, shares issued (in shares) | 256,086,839 | 219,585,247 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 28,000,000 | ' | ' | ' |
Share price (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $20 | $20 | ' | ' |
Fiscal period duration | ' | ' | ' | ' | ' | ' | ' | '364 days | ' | ' | '371 days | ' | ' | ' | ' | ' | ' |
Estimated useful lives | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '1 year | '4 years |
Property, plant and equipment, useful life | ' | ' | ' | ' | ' | ' | ' | ' | '10 years | '3 years | ' | '40 years | '10 years | ' | ' | ' | ' |
Depreciation | $239.90 | $239.10 | $236.60 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capital investments related to client contracts | 670.6 | 495.6 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amortization of client contract investments | 106.2 | 100.9 | 86.9 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity method investment, ownership percentage | ' | ' | ' | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity method investments | ' | ' | ' | ' | 180.3 | 190.7 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income (Loss) from Equity Method Investments | ' | ' | ' | ' | 10.5 | 11.5 | 14.7 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from equity method investment, dividends or distributions | ' | ' | ' | ' | 6.5 | 7.9 | 34.9 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Advanced payments from clients, current | 267.7 | 292.9 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accrued Insurance | 51.1 | 93.2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capital lease transaction | 16.6 | 16.1 | 17 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Repurchased During Period, Value | ' | ' | ' | ' | 0.6 | 3.5 | 6.7 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Payments Related to Tax Withholding for Share-based Compensation | 116.3 | 26.9 | 27 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Liability for unpaid client contract investments | ' | ' | ' | $57.20 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basis_Of_Presentation_and_Summ4
Basis Of Presentation and Summary of Significant Accounting Policies - Schedule of Components of Comprehensive Income (Loss) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | ' | ' |
Net income, After-Tax Amount | $149,459 | $70,366 | $107,199 |
Pension plan adjustments, Pre-Tax Amount | -17,640 | 29,943 | -24,854 |
Pension plan adjustments, tax expense (benefit) | 4,044 | -10,198 | 8,646 |
Pension plan adjustments, After-Tax Amount | -13,596 | 19,745 | -16,208 |
Foreign currency translation adjustments, Pre-Tax Amount | -37,246 | -30,832 | -7,052 |
Foreign currency translation adjustments, tax benefit | 5,965 | 13,690 | 2,684 |
Foreign currency translation adjustments, After-Tax Amount | -31,281 | -17,142 | -4,368 |
Gains (losses) on cash flow hedges, Pre-Tax Amount | -29,201 | -8,881 | -29,199 |
Gains (losses) on cash flow hedges, tax benefit | 11,575 | 3,600 | 11,108 |
Gains (losses) on cash flow hedges, After Tax Amount | -17,626 | -5,281 | -18,091 |
Reclassification adjustments, Pre-Tax Amount | 25,921 | 23,768 | 86,372 |
Reclassification adjustments, tax (expense) benefit | -10,491 | -9,375 | -33,305 |
Reclassification adjustments, After-Tax Amount | 15,430 | 14,393 | 53,067 |
Share of equity investee's comprehensive loss, Pre-Tax Amount | 0 | 4,315 | -18,000 |
Share of equity investee's comprehensive loss, tax (expense) benefit | 0 | -1,510 | 7,200 |
Share of equity investee's comprehensive loss, After-Tax Amount | 0 | 2,805 | -10,800 |
Other comprehensive income (loss), Pre-Tax Amount | -58,166 | 18,313 | 7,267 |
Other comprehensive income (loss), tax (expense) benefit | 11,093 | -3,793 | -3,667 |
Other comprehensive income (loss), net of tax | -47,073 | 14,520 | 3,600 |
Comprehensive income | 102,386 | 84,886 | 110,799 |
Less: Net income attributable to noncontrolling interests | 503 | 1,010 | 3,648 |
Comprehensive income attributable to Aramark stockholders | $101,883 | $83,876 | $107,151 |
Basis_Of_Presentation_and_Summ5
Basis Of Presentation and Summary of Significant Accounting Policies - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) (USD $) | Oct. 03, 2014 | Sep. 27, 2013 |
In Thousands, unless otherwise specified | ||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | ' |
Pension plan adjustments | ($44,119) | ($30,523) |
Foreign currency translation adjustments | -27,994 | 3,287 |
Cash flow hedges | -26,190 | -23,994 |
Share of equity investee's Accumulated Other Comprehensive loss | -7,995 | -7,995 |
Accumulated other comprehensive income (loss), net of tax | ($106,298) | ($59,225) |
Basis_Of_Presentation_and_Summ6
Basis Of Presentation and Summary of Significant Accounting Policies - Schedule of Components of Inventories (Details) | Oct. 03, 2014 | Sep. 27, 2013 |
Components of Inventories [Line Items] | ' | ' |
Percentage of inventory | 100.00% | 100.00% |
Food [Member] | ' | ' |
Components of Inventories [Line Items] | ' | ' |
Percentage of inventory | 39.30% | 40.40% |
Career apparel and linens [Member] | ' | ' |
Components of Inventories [Line Items] | ' | ' |
Percentage of inventory | 57.90% | 56.50% |
Parts, supplies and novelties [Member] | ' | ' |
Components of Inventories [Line Items] | ' | ' |
Percentage of inventory | 2.80% | 3.10% |
Basis_Of_Presentation_and_Summ7
Basis Of Presentation and Summary of Significant Accounting Policies - Schedule of Equity Method Investments (Details) (AIM Services Co., Ltd [Member], USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 |
AIM Services Co., Ltd [Member] | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' |
Current assets | $376,914 | $353,240 | ' |
Noncurrent assets | 154,510 | 169,469 | ' |
Current liabilities | 302,230 | 291,926 | ' |
Noncurrent liabilities | 52,489 | 50,880 | ' |
Sales | 1,552,250 | 1,693,598 | 1,916,620 |
Gross profit | 174,194 | 192,857 | 222,033 |
Net income | $26,869 | $29,236 | $39,174 |
Basis_Of_Presentation_and_Summ8
Basis Of Presentation and Summary of Significant Accounting Policies - Schedule of Cash Flow, Supplemental Disclosures (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | ' | ' |
Interest paid | $348.50 | $350.60 | $422.50 |
Income taxes paid | $55.80 | $74.80 | $82.50 |
Acquisitions_And_Divestitures_
Acquisitions And Divestitures - (Details) (USD $) | 0 Months Ended | 12 Months Ended | 0 Months Ended | 3 Months Ended | 12 Months Ended | |||||
Oct. 07, 2013 | Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 | Oct. 03, 2011 | Mar. 31, 2012 | Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 | Oct. 03, 2014 | |
Van Houtte USA Holdings Inc | Van Houtte USA Holdings Inc | Van Houtte USA Holdings Inc | Van Houtte USA Holdings Inc | Van Houtte USA Holdings Inc | McKinley Chalet Hotel [Member] | |||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from divestitures | $24,000,000 | $24,000,000 | $919,000 | $6,479,000 | ' | ' | ' | ' | ' | ' |
Gain (loss) on Disposition of Business | ' | ' | ' | ' | ' | ' | ' | ' | ' | -6,700,000 |
Gain (loss) on sale, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | -9,100,000 |
Goodwill written off | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12,800,000 |
Purchase consideration | ' | ' | ' | ' | 145,200,000 | ' | ' | ' | ' | ' |
Refund of purchase price | ' | ' | ' | ' | ' | 7,400,000 | ' | ' | ' | ' |
Redeemable noncontrolling interest related to subsidiary | ' | ' | ' | ' | ' | ' | 9,900,000 | 10,200,000 | ' | ' |
Net income attributable to redeemable noncontrolling interest | ' | ' | ' | ' | ' | ' | 500,000 | 800,000 | 1,100,000 | ' |
Distributions to redeemable noncontrolling interest | ' | ' | ' | ' | ' | ' | $800,000 | $900,000 | $900,000 | ' |
Severance_and_Asset_Writedowns2
Severance and Asset Write-downs - (Details) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Oct. 03, 2014 | Sep. 27, 2013 |
Restructuring and Related Activities [Abstract] | ' | ' |
Net Charges | $21.30 | $63.90 |
Goodwill impairment loss | ' | 11.7 |
Other asset impairment charges | ' | $12 |
Severance_and_Asset_Writedowns3
Severance and Asset Write-downs - Schedule of the Accrual Related to the Unpaid Obligations for Severance and Related Costs (Details) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Oct. 03, 2014 | Sep. 27, 2013 |
Restructuring Reserve [Roll Forward] | ' | ' |
Net Charges | $21.30 | $63.90 |
Employee Severance and Other Costs [Member] | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' |
Severance and Related Costs Accrual Beginning | 46.7 | ' |
Payments and Other | -27.3 | ' |
Severance and Related Costs Accrual Ending | $40.70 | ' |
Goodwill_And_Other_Intangible_2
Goodwill And Other Intangible Assets - Schedule of Goodwill Assets by Segment (Details) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Oct. 03, 2014 |
Goodwill [Roll Forward] | ' |
27-Sep-13 | $4,619,987 |
Acquisitions and Divestitures | -10,171 |
Translation | -20,136 |
3-Oct-14 | 4,589,680 |
Food and Support Services - North America [Member] | ' |
Goodwill [Roll Forward] | ' |
27-Sep-13 | 3,595,048 |
Acquisitions and Divestitures | -11,165 |
Translation | -227 |
3-Oct-14 | 3,583,656 |
Food and Support Services - International [Member] | ' |
Goodwill [Roll Forward] | ' |
27-Sep-13 | 451,154 |
Acquisitions and Divestitures | 0 |
Translation | -19,909 |
3-Oct-14 | 431,245 |
Uniform and Career Apparel [Member] | ' |
Goodwill [Roll Forward] | ' |
27-Sep-13 | 573,785 |
Acquisitions and Divestitures | 994 |
Translation | 0 |
3-Oct-14 | $574,779 |
Goodwill_And_Other_Intangible_3
Goodwill And Other Intangible Assets - Schedule of other intangible assets (Details) (USD $) | Oct. 03, 2014 | Sep. 27, 2013 |
In Thousands, unless otherwise specified | ||
Other Intangible Assets | ' | ' |
Gross Amount | $2,640,622 | $2,652,975 |
Accumulated Amortization | -1,387,881 | -1,244,211 |
Net Amount | 1,252,741 | 1,408,764 |
Customer Relationships [Member] | ' | ' |
Other Intangible Assets | ' | ' |
Gross Amount | 1,885,222 | 1,892,484 |
Accumulated Amortization | -1,386,248 | -1,242,578 |
Net Amount | 498,974 | 649,906 |
Trade Names [Member] | ' | ' |
Other Intangible Assets | ' | ' |
Gross Amount | 755,400 | 760,491 |
Accumulated Amortization | -1,633 | -1,633 |
Net Amount | $753,767 | $758,858 |
Goodwill_And_Other_Intangible_4
Goodwill And Other Intangible Assets - Narrative (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Acquired intangible asset amount | $11.30 | ' | ' |
Amortization of intangible assets | $158 | $192 | $198 |
Customer Relationships [Member] | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Acquired finite-lived intangible assets, weighted average useful life | '12 years | ' | ' |
Customer Relationships [Member] | Minimum [Member] | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Finite-lived intangible asset, useful life | '3 years | ' | ' |
Customer Relationships [Member] | Maximum [Member] | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Finite-lived intangible asset, useful life | '24 years | ' | ' |
Goodwill_And_Other_Intangible_5
Goodwill And Other Intangible Assets - Schedule of expected amortization expense (Details) (USD $) | Oct. 03, 2014 |
In Thousands, unless otherwise specified | |
Goodwill and Intangible Assets Disclosure [Abstract] | ' |
2015 | $133,428 |
2016 | 97,451 |
2017 | 73,997 |
2018 | 50,732 |
2019 | $41,186 |
Borrowings_Schedule_of_Longter
Borrowings - Schedule of Long-term Borrowings (Details) (USD $) | Oct. 03, 2014 | Sep. 27, 2013 | Oct. 03, 2014 | Sep. 27, 2013 | Oct. 03, 2014 | Sep. 27, 2013 | Mar. 07, 2013 | Dec. 27, 2013 | Oct. 03, 2014 | Sep. 27, 2013 | Dec. 27, 2013 | Oct. 03, 2014 | Sep. 27, 2013 | Oct. 03, 2014 | Feb. 24, 2014 | Sep. 27, 2013 | Mar. 07, 2013 | Oct. 03, 2014 | Feb. 24, 2014 | Sep. 27, 2013 | Oct. 03, 2014 |
Receivables Facility, due May 2017 [Member] | Receivables Facility, due May 2017 [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Term Loan Facility Due July 2016 [Member] | Term Loan Facility Due July 2016 [Member] | Term Loan Facility Due July 2016 [Member] | Term Loan Facility Due September 2019 [Member] | Term Loan Facility Due September 2019 [Member] | Term Loan Facility Due September 2019 [Member] | Term Loan Facility Due September 2019 [Member] | Term Loan Facility Due February 2021 [Member] | Term Loan Facility Due February 2021 [Member] | Term Loan Facility Due February 2021 [Member] | Foreign [Member] | |||
5.75% Senior Notes , due 2020 [Member] | 5.75% Senior Notes , due 2020 [Member] | 5.75% Senior Notes , due 2020 [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | ||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term Debt | ' | ' | $350,000,000 | $300,000,000 | $1,000,000,000 | $1,000,000,000 | $1,000,000,000 | ' | $0 | $10,000,000 | ' | $74,884,000 | $3,032,349,000 | $1,351,189,000 | $1,400,000,000 | $1,393,559,000 | $1,400,000,000 | $2,559,925,000 | $2,582,000,000 | $0 | $486.30 |
Capital leases | 54,420,000 | 52,385,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other | 55,176,000 | 35,777,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt and Capital Lease Obligations | 5,445,594,000 | 5,824,070,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Less—current portion | -89,805,000 | -65,841,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-Term Borrowings | 5,355,789,000 | 5,758,229,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Repayments of Long-term Debt | ' | ' | ' | ' | ' | ' | ' | $154,100,000 | ' | ' | $370,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Borrowings_Senior_Secured_Term
Borrowings - Senior Secured Term Loan Facilities Narrative (Details) (Secured Debt [Member]) | Oct. 03, 2014 | Feb. 24, 2014 | Sep. 27, 2013 | Mar. 07, 2013 | Oct. 03, 2014 | Oct. 03, 2014 | Feb. 24, 2014 | Sep. 27, 2013 | Oct. 03, 2014 | Oct. 03, 2014 | Oct. 03, 2014 | Oct. 03, 2014 | Oct. 03, 2014 | Oct. 03, 2014 | Sep. 27, 2013 | Oct. 03, 2014 | Feb. 24, 2014 |
Term Loan Facility Due September 2019 [Member] | Term Loan Facility Due September 2019 [Member] | Term Loan Facility Due September 2019 [Member] | Term Loan Facility Due September 2019 [Member] | Term Loan Facility Due September 2019 [Member] | Term Loan Facility Due February 2021 [Member] | Term Loan Facility Due February 2021 [Member] | Term Loan Facility Due February 2021 [Member] | Term Loan Facility Due February 2021 [Member] | Term Loan Facility Due February 2021 [Member] | Term Loan Facility Due February 2021 [Member] | Term Loan Facility Due February 2021 [Member] | Term Loan Facility Due February 2021 [Member] | Term Loan Facility Due July 2016 [Member] | Term Loan Facility Due July 2016 [Member] | Term Loan Facility Due July 2016 [Member] | Term Loan Facility Due July 2016 [Member] | |
USD ($) | USD ($) | USD ($) | USD ($) | U.S. dollar denominated term loans [Member] | USD ($) | USD ($) | USD ($) | U.S. dollar denominated term loans [Member] | Yen denominated term loans [Member] | Canadian Dollar Denominated Term Loan, Canadian Subsidiary [Member] | Euro denominated term loans, Irish subsidiary [Member] | Sterling denominated term loans. U.K. subsidiary [Member] | USD ($) | USD ($) | U.S. dollar denominated term loans, Canadian subsidiary [Member] | U.S. dollar denominated term loans, Canadian subsidiary [Member] | |
USD ($) | USD ($) | JPY (¥) | CAD | EUR (€) | GBP (£) | USD ($) | USD ($) | ||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term Debt | $1,351,189,000 | $1,400,000,000 | $1,393,559,000 | $1,400,000,000 | $1,351,200,000 | $2,559,925,000 | $2,582,000,000 | $0 | $2,128,800,000 | ¥ 5,017,200,000 | 29,900,000 | € 138,700,000 | £ 113,900,000 | $74,884,000 | $3,032,349,000 | $74,900,000 | $75,000,000 |
Borrowings_Amended_Agreements_
Borrowings - Amended Agreements Narrative (Details) | 12 Months Ended | 12 Months Ended | 0 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 0 Months Ended | 0 Months Ended | 0 Months Ended | 12 Months Ended | 12 Months Ended | 3 Months Ended | 3 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | ||||||||||||||||||||||||||||||||||||
Sep. 27, 2013 | Sep. 27, 2013 | Oct. 03, 2014 | Oct. 03, 2014 | Oct. 03, 2014 | Oct. 03, 2014 | Oct. 03, 2014 | Feb. 24, 2014 | Feb. 24, 2014 | Oct. 03, 2014 | Dec. 20, 2012 | Dec. 20, 2012 | Oct. 03, 2014 | Feb. 24, 2014 | Feb. 24, 2014 | Feb. 24, 2014 | Feb. 24, 2014 | Feb. 24, 2014 | Feb. 24, 2014 | Feb. 24, 2014 | Feb. 24, 2014 | Feb. 24, 2014 | Feb. 24, 2014 | Oct. 03, 2014 | Feb. 24, 2014 | Sep. 27, 2013 | Oct. 03, 2014 | Mar. 28, 2014 | Sep. 27, 2013 | Oct. 03, 2014 | Feb. 24, 2014 | Mar. 07, 2013 | Sep. 27, 2013 | Dec. 27, 2013 | Oct. 03, 2014 | Sep. 27, 2013 | Oct. 03, 2014 | Feb. 24, 2014 | Dec. 27, 2013 | Oct. 03, 2014 | Sep. 27, 2013 | Feb. 24, 2014 | Feb. 24, 2014 | Feb. 24, 2014 | Feb. 24, 2014 | Oct. 03, 2014 | Oct. 03, 2014 | Feb. 24, 2014 | Feb. 24, 2014 | Feb. 24, 2014 | Feb. 24, 2014 | Feb. 24, 2014 | |
Amendment Agreement No 3 [Member] | Goldman Sachs Capital Partners and J.P. Morgan Partners [Member] | GS Capital Partners [Member] | J.P. Morgan Partners [Member] | Term Loan Facility 2014 Amendment [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Line of Credit [Member] | |
USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | 2014 Amendment Agreement [Member] | 2014 Amendment Agreement [Member] | Senior Secured Revolving Credit Facility [Member] | 2014 Amendment Agreement [Member] | Amendment Agreement No 3 [Member] | Amendment Agreement No 3 [Member] | Term Loan Facility 2014 Amendment [Member] | Term Loan Facility 2014 Amendment [Member] | Term Loan Facility 2014 Amendment [Member] | Term Loan Facility 2014 Amendment [Member] | Term Loan Facility 2014 Amendment [Member] | Term Loan Facility 2014 Amendment [Member] | Term Loan Facility 2014 Amendment [Member] | Term Loan Facility 2014 Amendment [Member] | Term Loan Facility 2014 Amendment [Member] | Term Loan Facility 2014 Amendment [Member] | Term Loan Facility 2014 Amendment [Member] | Term Loan Facility Due February 2021 [Member] | Term Loan Facility Due February 2021 [Member] | Term Loan Facility Due February 2021 [Member] | Term Loan Facility Due February 2021 [Member] | Term Loan Facility Due February 2021 [Member] | Term Loan Facility Due September 2019 [Member] | Term Loan Facility Due September 2019 [Member] | Term Loan Facility Due September 2019 [Member] | Term Loan Facility Due September 2019 [Member] | Term Loan Facility Due September 2019 [Member] | Term Loan Facility Due July 2016 [Member] | Term Loan Facility Due July 2016 [Member] | Term Loan Facility Due July 2016 [Member] | Term Loan Facility Due July 2016 [Member] | Term Loan Facility Due July 2016 [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | |
USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | Eurocurrency rate margin [Member] | Eurocurrency rate margin [Member] | Base-rate borrowings [Member] | Base-rate borrowings [Member] | U.S. dollar denominated and Euro denominated term loans [Member] | Sterling Denominated Term Loans [Member] | Sterling Denominated Term Loans [Member] | Yen denominated term loans [Member] | Yen and Euro denominated term loans [Member] | USD ($) | USD ($) | USD ($) | Yen denominated term loans [Member] | Canadian denominated term loan [Member] | USD ($) | USD ($) | USD ($) | USD ($) | GS Capital Partners and J.P. Morgan Partners [Member] | USD ($) | USD ($) | USD ($) | U.S. dollar denominated term loans, Canadian subsidiary [Member] | U.S. dollar denominated term loans, Canadian subsidiary [Member] | USD ($) | USD ($) | USD ($) | Senior Secured Revolving Credit Facility, Amounts Due February 24, 2019 [Member] | Senior Secured Revolving Credit Facility, Amounts Due February 24, 2019 [Member] | Senior Secured Revolving Credit Facility, Amounts Due February 24, 2019 [Member] | Senior Secured Revolving Credit Facility, Amounts Due January 26, 2015 [Member] | Senior Secured Revolving Credit Facility, Amounts Due January 26, 2015 [Member] | Senior Secured Revolving Credit Facility, Amounts Due January 26, 2015 [Member] | Canadian dollars or U.S. dollars to the Company or a Canadian subsidiary [Member] | Canadian dollars or U.S. dollars to the Company or a Canadian subsidiary [Member] | Canadian dollars or U.S. dollars to the Company or a Canadian subsidiary [Member] | Senior Secured Revolving Credit Facility [Member] | Senior Secured Revolving Credit Facility [Member] | ||||||||
EUR (€) | GBP (£) | JPY (¥) | JPY (¥) | CAD | USD ($) | USD ($) | USD ($) | USD ($) | London Interbank Offered Rate (LIBOR) [Member] | Base Rate [Member] | USD ($) | London Interbank Offered Rate (LIBOR) [Member] | Base Rate [Member] | USD ($) | Base Rate [Member] | Bankers Acceptance [Member] | USD ($) | USD ($) | ||||||||||||||||||||||||||||||||||
Euro Member Countries, Euro [Member] | Euro Member Countries, Euro [Member] | Canada, Dollars [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term Debt | ' | ' | ' | ' | ' | ' | ' | $605,000,000 | ' | ' | ' | ' | ' | $3,982,000,000 | ' | ' | ' | ' | € 140,000,000 | ' | £ 115,000,000 | ¥ 5,042,000,000 | ' | $2,559,925,000 | $2,582,000,000 | $0 | ¥ 5,017,200,000 | 34,000,000 | $1,393,559,000 | $1,351,189,000 | $1,400,000,000 | $1,400,000,000 | ' | ' | $74,884,000 | $3,032,349,000 | $74,900,000 | $75,000,000 | ' | $0 | $10,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, basis spread on variable rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.50% | ' | 1.50% | ' | ' | 3.25% | ' | ' | 2.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.50% | 1.50% | ' | 3.25% | 2.25% | ' | 1.50% | 2.50% | ' | ' |
Debt instrument, minimum interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.75% | ' | 1.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Discount Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.50% | ' | ' | ' | ' | ' | 0.25% | 0.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Payments of Financing Costs | 11,600,000 | ' | ' | ' | 13,100,000 | ' | ' | ' | ' | ' | ' | ' | 22,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Direct Amendment Costs, Related-party | ' | 4,600,000 | 3,400,000 | 5,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Write off of Deferred Debt Issuance Cost | ' | ' | ' | ' | 12,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Payments of Debt Issuance Costs | ' | ' | ' | ' | ' | ' | 4,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Borrowed funds extended by subfacility | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 670,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Repayments of Long-term Debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 650,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 370,000,000 | ' | ' | ' | ' | 154,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Maximum Borrowing Capacity | ' | ' | ' | ' | ' | 753,900,000 | ' | 770,000,000 | ' | 555,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 680,000,000 | ' | ' | 40,000,000 | ' | ' | 50,000,000 | ' | ' | 720,000,000 | 250,000,000 |
Debt Amount Extended | ' | ' | ' | ' | ' | ' | ' | 565,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit, Increase in Borrowing Capacity | ' | ' | ' | ' | ' | ' | ' | $165,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage | ' | ' | ' | ' | ' | ' | ' | ' | 0.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Borrowings_Senior_Secured_Revo
Borrowings - Senior Secured Revolving Credit Facility Narrative (Details) (Revolving Credit Facility [Member], USD $) | Oct. 03, 2014 | Feb. 24, 2014 | Feb. 24, 2014 | Feb. 24, 2014 | Feb. 24, 2014 |
Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | ||
Senior Secured Revolving Credit Facility [Member] | Senior Secured Revolving Credit Facility, Amounts Due February 24, 2019 [Member] | Senior Secured Revolving Credit Facility, Amounts Due January 26, 2015 [Member] | Canadian dollars or U.S. dollars to the Company or a Canadian subsidiary [Member] | ||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' |
Line of Credit Facility, Maximum Borrowing Capacity | $753,900,000 | $720,000,000 | $680,000,000 | $40,000,000 | $50,000,000 |
Borrowings_Prepayments_and_Amo
Borrowings - Prepayments and Amortization Narrative (Details) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Oct. 03, 2014 | Sep. 27, 2013 |
Debt Instrument [Line Items] | ' | ' |
Percentage of term loan principal repaid quarterly | 1.00% | ' |
Secured Debt [Member] | 2014 Amendment Agreement [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Senior secured credit agreement requires prepayment of outstanding loans with percent of annual excess cash flow, initial rate | 50.00% | ' |
Senior secured credit agreement requires prepayment of outstanding loans with percent of annual excess cash flow, stepdown rate | 25.00% | ' |
Senior secured credit agreement requires prepayment of outstanding loans with percent of annual excess cash flow, final stepdown rate | 0.00% | ' |
Senior secured credit agreement requires prepayment of outstanding loans with all net cash proceeds of all nonordinary course asset sales | 100.00% | ' |
Senior secured credit agreement requires prepayment with all net cash proceeds of any incurrence of debt | 100.00% | ' |
Term Loan Facility Due September 2019 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Repayments of debt | $35 | $265 |
Number of months that principal was prepaid | '10 months | ' |
Borrowings_Guarantees_and_Cert
Borrowings - Guarantees and Certain Covenants (Details) (USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Oct. 03, 2014 |
Secured Debt [Member] | ' |
Debt Instrument [Line Items] | ' |
Consolidated secured debt ratio | 5.5 |
Consolidated secured debt ratio actual | 3.5 |
Debt instrument, covenant, interest coverage ratio, actual | 4.16 |
Aramark Services, Inc. (Issuer) | ' |
Debt Instrument [Line Items] | ' |
Line of credit facility, collateral, capital stock | 100.00% |
Aramark Services, Inc. and Guarantor [Member] | ' |
Debt Instrument [Line Items] | ' |
Line of credit facility, collateral, capital stock | 100.00% |
Maximum [Member] | Secured Debt [Member] | ' |
Debt Instrument [Line Items] | ' |
Consolidated secured debt ratio | 5.875 |
Minimum [Member] | Secured Debt [Member] | ' |
Debt Instrument [Line Items] | ' |
Consolidated secured debt ratio | 5.125 |
Reduces total secured debt | 75 |
Debt instrument, covenant, interest coverage ratio | 2 |
Borrowings_Senior_Notes_Narrat
Borrowings - Senior Notes Narrative (Details) (USD $) | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | |||||
Sep. 27, 2013 | Mar. 07, 2013 | Sep. 27, 2013 | Oct. 03, 2014 | Mar. 07, 2013 | Mar. 07, 2013 | Feb. 28, 2013 | Sep. 27, 2013 | Feb. 28, 2013 | Feb. 28, 2013 | |
Fixed Rate and Floating Rate Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | GS Capital Partners and J.P. Morgan Partners [Member] | ARAMARK [Member] | ARAMARK [Member] | |
5.75% Senior Notes , due 2020 [Member] | 5.75% Senior Notes , due 2020 [Member] | 5.75% Senior Notes , due 2020 [Member] | 5.75% Senior Notes , due 2020 [Member] | 5.75% Senior Notes , due 2020 [Member] | 8.50% Senior Notes, Due 2015 [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | ||
Prior to March 15, 2015 | 5.75% Senior Notes , due 2020 [Member] | 8.625% Senior Notes, Due 2016 [Member] | 9.375% Senior Notes, Due 2016 [Member] | |||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stated interest rate | ' | ' | ' | ' | 5.75% | ' | 8.50% | ' | 8.63% | 9.38% |
Long-term Debt | ' | ' | $1,000,000,000 | $1,000,000,000 | $1,000,000,000 | ' | ' | ' | ' | ' |
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed | ' | ' | ' | ' | ' | 40.00% | ' | ' | ' | ' |
Debt Instrument, Redemption Price, Percentage | ' | ' | ' | ' | ' | 105.75% | ' | ' | ' | ' |
Debt Instrument, Redemption Price with a Make Hold Premium and Accrued Interest, Percentage | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' |
Debt Instrument, Change of Control, Optional Redemption Price, Percentage | ' | 101.00% | ' | ' | ' | ' | ' | ' | ' | ' |
Payments of Financing Costs | ' | ' | 13,800,000 | ' | ' | ' | ' | ' | ' | ' |
Direct Amendment Costs, Related-party | ' | ' | ' | ' | ' | ' | ' | 7,300,000 | ' | ' |
Interest Expense, Tender Offer and Call Premium | 39,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Tender Offer Premium | 12,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Write off of Deferred Debt Issuance Cost | $26,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Borrowings_Maturities_Details
Borrowings - Maturities (Details) (USD $) | Oct. 03, 2014 |
Debt Instrument [Line Items] | ' |
2015 | $89,805,000 |
2016 | 116,750,000 |
2017 | 391,664,000 |
2018 | 48,011,000 |
2019 | 1,363,475,000 |
Thereafter | 3,454,928,000 |
Term Loan Facilities [Member] | Secured Debt [Member] | ' |
Debt Instrument [Line Items] | ' |
Debt discount | $19,000,000 |
Borrowings_Interest_and_Other_
Borrowings - Interest and Other Financing Costs Net (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 |
Debt Disclosure [Abstract] | ' | ' | ' |
Interest expense | $334,442 | $425,625 | $459,083 |
Interest income | -4,338 | -6,430 | -5,477 |
Other financing costs | 4,782 | 4,650 | 3,201 |
Total | $334,886 | $423,845 | $456,807 |
Derivative_Instruments_Narrati
Derivative Instruments - Narrative (Details) | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||||||||||||
Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 | Oct. 03, 2014 | Feb. 24, 2014 | Sep. 27, 2013 | Oct. 03, 2014 | Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 | Oct. 03, 2014 | Oct. 03, 2014 | Sep. 27, 2013 | Oct. 03, 2014 | Oct. 03, 2014 | Oct. 03, 2014 | Sep. 27, 2013 | Oct. 03, 2014 | Sep. 27, 2013 | Sep. 27, 2013 | Sep. 28, 2012 | Oct. 03, 2014 | Oct. 03, 2014 | Oct. 03, 2014 | Oct. 03, 2014 | |
USD ($) | USD ($) | USD ($) | Term Loan Facility Due February 2021 [Member] | Term Loan Facility Due February 2021 [Member] | Term Loan Facility Due February 2021 [Member] | Term Loan Facility Due February 2021 [Member] | Not Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Interest rate swap agreements [Member] | Interest rate swap agreements [Member] | Interest rate swap agreements [Member] | Interest rate swap agreements [Member] | Cross currency swap agreements [Member] | Cross currency swap agreements [Member] | Cross currency swap agreements [Member] | Cross currency swap agreements [Member] | Cross currency swap agreements [Member] | Cross currency swap agreements [Member] | Gasoline and diesel fuel agreements [Member] | Foreign exchange forward [Member] | Foreign exchange forward [Member] | Foreign exchange forward [Member] | |
Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Yen denominated term loans [Member] | USD ($) | USD ($) | USD ($) | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Not Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Swap [Member] | Forward contracts [Member] | Forward contracts [Member] | Forward contracts [Member] | ||||
USD ($) | USD ($) | USD ($) | Secured Debt [Member] | USD ($) | Swap [Member] | Swap [Member] | Swap [Member] | Swap [Member] | USD ($) | USD ($) | Swap [Member] | Swap [Member] | Swap [Member] | Swap [Member] | Not Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | |||||||
JPY (¥) | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | USD ($) | CAD | EUR (€) | GBP (£) | |||||||||||||
USD ($) | USD ($) | New Transaction [Member] | USD ($) | USD ($) | USD ($) | Interest and Other Financing Costs, Net [Member] | Interest and Other Financing Costs, Net [Member] | gal | |||||||||||||||||
USD ($) | USD ($) | USD ($) | |||||||||||||||||||||||
Derivative [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notional amount of derivative | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $2,900,000,000 | ' | $1,100,000,000 | ' | ' | ' | $74,900,000 | ' | ' | ' | ' | 74,800,000 | € 13,400,000 | £ 6,000,000 |
Derivative Instruments Loss Recognized in Other comprehensive Income Designation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 22,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash flow hedge gains (losses) | -26,190,000 | -23,994,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | -19,700,000 | -20,500,000 | ' | ' | ' | ' | -6,500,000 | -3,500,000 | ' | ' | ' | ' | ' | ' |
Notional value matured | 82,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loss on cash flow hedge ineffectiveness | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,200,000 | 3,600,000 | ' | ' | ' | ' |
Gain (Loss) on Derivative Instruments, Net, Pretax | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,800,000 | 3,000,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative, Nonmonetary Notional Amount, Entered in Period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8,800,000 | ' | ' | ' |
Nonmonetary notional amount of derivative (in gallons) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,200,000 | ' | ' | ' |
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments | -26,150,000 | -26,653,000 | -84,463,000 | ' | ' | ' | ' | -229,000 | -2,885,000 | 241,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,800,000 | ' | ' | ' |
Long-term Debt | ' | ' | ' | 2,559,925,000 | 2,582,000,000 | 0 | 5,017,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gain (loss) on cash flow hedge to be reclassified within twelve months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($18,900,000) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative_Instruments_Schedul
Derivative Instruments - Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) (Details) (Cash Flow Hedging [Member], Designated as Hedging Instrument [Member], USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 |
Derivative [Line Items] | ' | ' | ' |
Gain (Loss) recognized in other comprehensive income | ($2,196) | $9,112 | $33,840 |
Interest rate swap agreements [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Gain (Loss) recognized in other comprehensive income | 854 | 7,598 | 28,147 |
Cross currency swap agreements [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Gain (Loss) recognized in other comprehensive income | -3,050 | 1,514 | 5,580 |
Natural gas hedge agreements [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Gain (Loss) recognized in other comprehensive income | $0 | $0 | $113 |
Derivative_Instruments_Schedul1
Derivative Instruments - Schedule of Derivative Instruments, Balance Sheet Presentation (Details) (USD $) | Oct. 03, 2014 | Sep. 27, 2013 |
In Thousands, unless otherwise specified | ||
Not Designated as Hedging Instrument [Member] | ' | ' |
Derivative instruments | ' | ' |
Fair value of derivative assets | $379 | $37 |
Fair value of derivative liabilities | 36,265 | 63,238 |
Designated as Hedging Instrument [Member] | ' | ' |
Derivative instruments | ' | ' |
Fair value of derivative liabilities | 34,482 | 50,054 |
Foreign exchange forward [Member] | Prepayments [Member] | Not Designated as Hedging Instrument [Member] | ' | ' |
Derivative instruments | ' | ' |
Fair value of derivative assets | 379 | 0 |
Foreign exchange forward [Member] | Accounts payable [Member] | Not Designated as Hedging Instrument [Member] | ' | ' |
Derivative instruments | ' | ' |
Fair value of derivative liabilities | 0 | 366 |
Gasoline and diesel fuel agreements [Member] | Prepayments [Member] | Not Designated as Hedging Instrument [Member] | ' | ' |
Derivative instruments | ' | ' |
Fair value of derivative assets | 0 | 37 |
Gasoline and diesel fuel agreements [Member] | Accounts payable [Member] | Not Designated as Hedging Instrument [Member] | ' | ' |
Derivative instruments | ' | ' |
Fair value of derivative liabilities | 1,783 | 0 |
Interest rate swap agreements [Member] | Accrued expenses [Member] | Designated as Hedging Instrument [Member] | ' | ' |
Derivative instruments | ' | ' |
Fair value of derivative liabilities | 0 | 3,494 |
Interest rate swap agreements [Member] | Other noncurrent liabilities [Member] | Designated as Hedging Instrument [Member] | ' | ' |
Derivative instruments | ' | ' |
Fair value of derivative liabilities | 27,015 | 30,431 |
Cross currency swap agreements [Member] | Accrued expenses [Member] | Not Designated as Hedging Instrument [Member] | ' | ' |
Derivative instruments | ' | ' |
Fair value of derivative liabilities | 0 | 12,818 |
Cross currency swap agreements [Member] | Other noncurrent liabilities [Member] | Designated as Hedging Instrument [Member] | ' | ' |
Derivative instruments | ' | ' |
Fair value of derivative liabilities | $7,467 | $16,129 |
Derivative_Instruments_Schedul2
Derivative Instruments - Schedule Summarizes the Location of (Gain) Loss Reclassified from AOCI Into Earnings for Derivatives Designated as Hedging Instruments and the Location of (Gain) Loss (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 |
Derivative instruments | ' | ' | ' |
(Gain) loss reclassified recognized in income | $26,150 | $26,653 | $84,463 |
Not Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative instruments | ' | ' | ' |
(Gain) loss reclassified recognized in income | 229 | 2,885 | -241 |
Not Designated as Hedging Instrument [Member] | Cross currency swap agreements [Member] | Interest expense [Member] | ' | ' | ' |
Derivative instruments | ' | ' | ' |
(Gain) loss reclassified recognized in income | -5,111 | 181 | 0 |
Not Designated as Hedging Instrument [Member] | Gasoline and diesel fuel agreements [Member] | Cost of services provided [Member] | ' | ' | ' |
Derivative instruments | ' | ' | ' |
(Gain) loss reclassified recognized in income | 1,696 | 7 | 24 |
Not Designated as Hedging Instrument [Member] | Foreign exchange forward [Member] | Interest expense [Member] | ' | ' | ' |
Derivative instruments | ' | ' | ' |
(Gain) loss reclassified recognized in income | 3,644 | 2,697 | -265 |
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative instruments | ' | ' | ' |
(Gain) loss reclassified from AOCI | 25,921 | 23,768 | 84,704 |
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Interest rate swap agreements [Member] | Interest expense [Member] | ' | ' | ' |
Derivative instruments | ' | ' | ' |
(Gain) loss reclassified from AOCI | 31,511 | 23,479 | 66,260 |
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Cross currency swap agreements [Member] | Interest expense [Member] | ' | ' | ' |
Derivative instruments | ' | ' | ' |
(Gain) loss reclassified from AOCI | -5,590 | 289 | 18,048 |
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Natural gas hedge agreements [Member] | Cost of services provided [Member] | ' | ' | ' |
Derivative instruments | ' | ' | ' |
(Gain) loss reclassified from AOCI | $0 | $0 | $396 |
Employee_Pension_and_Profit_Sh2
Employee Pension and Profit Sharing Plans - Narrative (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Accumulated benefit obligation | $302.80 | $273.80 | ' |
Actuarial gains (losses) in other comprehensive income (loss) before taxes | -21.3 | 24.2 | ' |
Amortization of actuarial gains (losses) recognized as net periodic pension cost | -1.1 | -3.4 | ' |
Net actuarial gain (loss) included in accumulated other comprehensive income (loss) to be recognized in next fiscal year | 1.9 | ' | ' |
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year | 13.1 | ' | ' |
Equity Securities [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Target Plan Asset Allocations Range Minimum | 50.00% | ' | ' |
Defined Benefit Plan, Target Plan Asset Allocations Range Maximum | 70.00% | ' | ' |
Debt Securities [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Target Plan Asset Allocations Range Minimum | 25.00% | ' | ' |
Defined Benefit Plan, Target Plan Asset Allocations Range Maximum | 50.00% | ' | ' |
Real Estate [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Target Plan Asset Allocations Range Minimum | 0.00% | ' | ' |
Defined Benefit Plan, Target Plan Asset Allocations Range Maximum | 5.00% | ' | ' |
Pension Plan [Member] | Equity Funds, Domestic [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Actual Plan Asset Allocations | 23.00% | ' | ' |
Pension Plan [Member] | Fixed Income Funds, Domestic [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Actual Plan Asset Allocations | 16.00% | ' | ' |
Pension Plan [Member] | Equity Funds, International [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Actual Plan Asset Allocations | 77.00% | ' | ' |
Pension Plan [Member] | Fixed Income Funds, International [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Actual Plan Asset Allocations | 84.00% | ' | ' |
Domestic Plans [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined contribution cost recognized | 27.7 | 32.4 | 29.5 |
International Plans [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined contribution cost recognized | $9.60 | $8.50 | $5 |
Employee_Pension_and_Profit_Sh3
Employee Pension and Profit Sharing Plans - Schedule of Net Benefit Costs (Details) (Pension Plan [Member], USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 |
Pension Plan [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Service cost | $9,550 | $11,045 | $9,961 |
Interest cost | 13,571 | 12,693 | 13,001 |
Expected return on plan assets | -16,544 | -14,256 | -12,521 |
Settlements | 527 | 308 | 467 |
Amortization of prior service cost | 52 | 119 | 6 |
Recognized net (gain) loss | 1,131 | 3,436 | 2,392 |
Net periodic pension cost | $8,287 | $13,345 | $13,306 |
Employee_Pension_and_Profit_Sh4
Employee Pension and Profit Sharing Plans - Schedule of Defined Benefit Plans Disclosures (Details) (Pension Plan [Member], USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 |
Pension Plan [Member] | ' | ' | ' |
Change in benefit obligation [Roll Forward]: | ' | ' | ' |
Benefit obligation, beginning | $296,389 | $306,810 | ' |
Foreign currency translation | -17,401 | -7,641 | ' |
Service cost | 9,550 | 11,045 | 9,961 |
Interest cost | 13,571 | 12,693 | 13,001 |
Employee contributions | 2,978 | 2,954 | ' |
Actuarial loss (gain) | 38,274 | -12,958 | ' |
Benefits paid | -13,529 | -15,172 | ' |
Settlements and curtailments | -3,103 | -1,342 | ' |
Benefit obligation, end | 326,729 | 296,389 | 306,810 |
Change in plan assets [Roll Forward]: | ' | ' | ' |
Fair value of plan assets, beginning | 248,679 | 222,272 | ' |
Foreign currency translation | -14,451 | -5,359 | ' |
Employer contributions | 23,769 | 19,731 | ' |
Employee contributions | 2,978 | 2,954 | ' |
Actual return on plan assets | 32,596 | 25,890 | ' |
Benefits paid | -13,529 | -15,172 | ' |
Settlements | -3,108 | -1,637 | ' |
Fair value of plan assets, end | 276,934 | 248,679 | 222,272 |
Funded Status at end of year | ($49,795) | ($47,710) | ' |
Employee_Pension_and_Profit_Sh5
Employee Pension and Profit Sharing Plans - Schedule of Amounts Recognized in Balance Sheet Including Accumulated Other Comprehensive Income (Details) (Pension Plan [Member], USD $) | Oct. 03, 2014 | Sep. 27, 2013 |
In Thousands, unless otherwise specified | ||
Pension Plan [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Current benefit liability (included in Accrued expenses and other current liabilities) | ($955) | ($924) |
Noncurrent benefit liability (included in Other Noncurrent Liabilities) | -48,840 | -46,786 |
Net actuarial loss (gain) (included in Accumulated other comprehensive (income) loss before taxes) | 65,104 | 47,456 |
Prior service cost (included in Accumulated other comprehensive (income) loss before taxes) | $36 | $44 |
Employee_Pension_and_Profit_Sh6
Employee Pension and Profit Sharing Plans - Schedule of Assumptions Used (Details) | 12 Months Ended | |
Oct. 03, 2014 | Sep. 27, 2013 | |
Assumptions Used to Calculate Pension Expense [Abstract] | ' | ' |
Discount rate | 4.60% | 4.20% |
Rate of compensation increase | 3.30% | 3.40% |
Long-term rate of return on assets | 6.60% | 6.70% |
Assumptions Used to Calculate Funded Status [Abstract] | ' | ' |
Discount rate | 4.00% | 4.60% |
Rate of compensation increase | 3.30% | 3.30% |
Employee_Pension_and_Profit_Sh7
Employee Pension and Profit Sharing Plans - Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets (Details) (Pension Plan [Member], USD $) | Oct. 03, 2014 | Sep. 27, 2013 |
In Thousands, unless otherwise specified | ||
Pension Plan [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Projected benefit obligation | $148,459 | $166,798 |
Accumulated benefit obligation | 144,165 | 160,798 |
Fair value of plan assets | $109,789 | $131,392 |
Employee_Pension_and_Profit_Sh8
Employee Pension and Profit Sharing Plans - Schedule of Allocation of Plan Assets (Details) (Pension Plan [Member], USD $) | Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 |
In Thousands, unless otherwise specified | |||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair value of plan assets | $276,934 | $248,679 | $222,272 |
Quoted Prices in Active Markets Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair value of plan assets | 697 | 2,394 | ' |
Significant Other Observable Inputs Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair value of plan assets | 267,556 | 246,285 | ' |
Significant Unobservable Inputs Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair value of plan assets | 8,681 | 0 | ' |
Cash and Cash Equivalents and Other [Member] | Quoted Prices in Active Markets Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair value of plan assets | 697 | 2,394 | ' |
Cash and Cash Equivalents and Other [Member] | Significant Other Observable Inputs Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair value of plan assets | 0 | 0 | ' |
Cash and Cash Equivalents and Other [Member] | Significant Unobservable Inputs Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair value of plan assets | 0 | 0 | ' |
Pooled Funds - Equity [Member] | Quoted Prices in Active Markets Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair value of plan assets | 0 | 0 | ' |
Pooled Funds - Equity [Member] | Significant Other Observable Inputs Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair value of plan assets | 168,605 | 157,372 | ' |
Pooled Funds - Equity [Member] | Significant Unobservable Inputs Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair value of plan assets | 0 | 0 | ' |
Pooled Funds - Fixed Income [Member] | Quoted Prices in Active Markets Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair value of plan assets | 0 | 0 | ' |
Pooled Funds - Fixed Income [Member] | Significant Other Observable Inputs Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair value of plan assets | 98,951 | 88,913 | ' |
Pooled Funds - Fixed Income [Member] | Significant Unobservable Inputs Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair value of plan assets | 0 | 0 | ' |
Real Estate [Member] | Quoted Prices in Active Markets Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair value of plan assets | 0 | ' | ' |
Real Estate [Member] | Significant Other Observable Inputs Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair value of plan assets | 0 | ' | ' |
Real Estate [Member] | Significant Unobservable Inputs Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair value of plan assets | 8,681 | ' | ' |
Fair Value Disclosure [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair value of plan assets | 276,934 | 248,679 | ' |
Fair Value Disclosure [Member] | Cash and Cash Equivalents and Other [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair value of plan assets | 697 | 2,394 | ' |
Fair Value Disclosure [Member] | Pooled Funds - Equity [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair value of plan assets | 168,605 | 157,372 | ' |
Fair Value Disclosure [Member] | Pooled Funds - Fixed Income [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair value of plan assets | 98,951 | 88,913 | ' |
Fair Value Disclosure [Member] | Real Estate [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair value of plan assets | $8,681 | ' | ' |
Employee_Pension_and_Profit_Sh9
Employee Pension and Profit Sharing Plans - Schedule of Expected Benefit Payments (Details) (USD $) | Oct. 03, 2014 |
In Thousands, unless otherwise specified | |
Compensation and Retirement Disclosure [Abstract] | ' |
Fiscal 2015 | $11,617 |
Fiscal 2016 | 12,188 |
Fiscal 2017 | 12,865 |
Fiscal 2018 | 13,495 |
Fiscal 2019 | 13,241 |
Fiscal 2020 – 2024 | $74,611 |
Recovered_Sheet1
Employee Pension and Profit Sharing Plans - Multiemployer (Details) (USD $) | 12 Months Ended | |||||
In Thousands, unless otherwise specified | Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 | |||
Multiepmloyer Plans [Line Items] | ' | ' | ' | |||
Multiemployer Plan, Period Contributions | $25,123 | $24,263 | $22,301 | |||
National Retirement Fund [Member] | ' | ' | ' | |||
Multiepmloyer Plans [Line Items] | ' | ' | ' | |||
Multiemployer Plan, Period Contributions | 6,304 | 6,011 | 4,868 | |||
Service Employees Pension Fund of Upstate New York [Member] | ' | ' | ' | |||
Multiepmloyer Plans [Line Items] | ' | ' | ' | |||
Multiemployer Plan, Period Contributions | 440 | [1] | 360 | [1] | 247 | [1] |
Percentage of Participants Covered by CBA | 60.00% | ' | ' | |||
Local 1102 Retirement Trust [Member] | ' | ' | ' | |||
Multiepmloyer Plans [Line Items] | ' | ' | ' | |||
Multiemployer Plan, Period Contributions | 334 | [2] | 275 | [2] | 201 | [2] |
Percentage of Participants Covered by CBA | 90.00% | ' | ' | |||
Central States SE and SW Areas Pension Plan [Member] | ' | ' | ' | |||
Multiepmloyer Plans [Line Items] | ' | ' | ' | |||
Multiemployer Plan, Period Contributions | 3,549 | 3,415 | 3,164 | |||
Pension Plan for Hospital & Health Care Employees Philadelphia & Vicinity [Member] | ' | ' | ' | |||
Multiepmloyer Plans [Line Items] | ' | ' | ' | |||
Multiemployer Plan, Period Contributions | 156 | 161 | 154 | |||
Retail, Wholesale and Department Store International Union and Industry Pension Fund [Member] | ' | ' | ' | |||
Multiepmloyer Plans [Line Items] | ' | ' | ' | |||
Multiemployer Plan, Period Contributions | 307 | 306 | 292 | |||
Local 731 IBT Textile Maintenance and Laundry Craft Pension Fund [Member] | ' | ' | ' | |||
Multiepmloyer Plans [Line Items] | ' | ' | ' | |||
Multiemployer Plan, Period Contributions | 668 | 453 | 384 | |||
SEIU National Industry Pension Fund [Member] | ' | ' | ' | |||
Multiepmloyer Plans [Line Items] | ' | ' | ' | |||
Multiemployer Plan, Period Contributions | 47 | 173 | 280 | |||
Automotive Industries Pension Plan [Member] | ' | ' | ' | |||
Multiepmloyer Plans [Line Items] | ' | ' | ' | |||
Multiemployer Plan, Period Contributions | 29 | 28 | 27 | |||
Other funds [Member] | ' | ' | ' | |||
Multiepmloyer Plans [Line Items] | ' | ' | ' | |||
Multiemployer Plan, Period Contributions | $13,289 | $13,081 | $12,684 | |||
[1] | Over 60% of the Company's participants in this fund are covered by a single CBA that expires on 6/30/2015. | |||||
[2] | Over 90% of the Company's participants in this fund are covered by a single CBA that expires on 6/30/2015. |
Income_Taxes_Income_loss_from_
Income Taxes - Income (loss) from continuing operations before income taxes by source of income (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 |
Income Tax Disclosure [Abstract] | ' | ' | ' |
United States | $110,936 | $18,557 | $34,498 |
Non-U.S. | 118,741 | 72,072 | 90,470 |
Income from Continuing Operations Before Income Taxes | $229,677 | $90,629 | $124,968 |
Income_Taxes_Provision_benefit
Income Taxes - Provision (benefit) for income taxes (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 |
Current: | ' | ' | ' |
Federal | $6,692 | $2,740 | $45,173 |
State and local | 5,308 | 126 | 7,205 |
Non-U.S. | 30,846 | 34,158 | 32,301 |
Current | 42,846 | 37,024 | 84,679 |
Deferred: | ' | ' | ' |
Federal | 32,843 | -1,007 | -42,515 |
State and local | 2,515 | -656 | -11,189 |
Non-U.S. | 2,014 | -16,128 | -12,909 |
Deferred Income Tax Expense (Benefit) | 37,372 | -17,791 | -66,613 |
Income tax provision (benefit) | $80,218 | $19,233 | $18,066 |
Income_Taxes_Effective_Income_
Income Taxes - Effective Income Tax Rate Reconciliation (Details) | 12 Months Ended | ||
Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 | |
Income Tax Disclosure [Abstract] | ' | ' | ' |
United States statutory income tax rate | 35.00% | 35.00% | 35.00% |
Increase (decrease) in taxes, resulting from: | ' | ' | ' |
State income taxes, net of Federal tax benefit | 2.20% | 1.00% | 0.50% |
Foreign taxes | -2.30% | -2.20% | -9.80% |
Permanent book/tax differences | 2.70% | 1.80% | -0.60% |
Uncertain tax positions | -0.40% | -1.60% | -1.80% |
Tax credits & other | -2.30% | -12.80% | -8.80% |
Effective income tax rate | 34.90% | 21.20% | 14.50% |
Income_Taxes_Components_of_def
Income Taxes - Components of deferred taxes (Details) (USD $) | Oct. 03, 2014 | Sep. 27, 2013 |
In Thousands, unless otherwise specified | ||
Deferred tax liabilities: | ' | ' |
Property and equipment | $52,484 | $71,425 |
Investments | 36,233 | 43,527 |
Other intangible assets, including goodwill | 674,097 | 700,526 |
Inventory and Other | 96,919 | 70,037 |
Gross deferred tax liability | 859,733 | 885,515 |
Deferred tax assets: | ' | ' |
Insurance | 27,574 | 36,458 |
Employee compensation and benefits | 210,906 | 218,491 |
Accruals and allowances | 22,216 | 37,876 |
Derivatives | 0 | 18,449 |
Net operating loss/credit carryforwards and other | 43,320 | 37,264 |
Gross deferred tax asset, before valuation allowances | 304,016 | 348,538 |
Valuation allowances | -12,032 | -10,263 |
Net deferred tax liability | $567,749 | $547,240 |
Income_Taxes_Reconciliation_of
Income Taxes - Reconciliation of the beginning and ending amount of gross unrecognized tax benefits (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Oct. 03, 2014 | Sep. 27, 2013 |
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward] | ' | ' |
Balance, beginning of year | $27,337 | $31,977 |
Additions based on tax positions taken in the current year | 804 | 2,342 |
Additions/Reductions for tax positions taken in prior years | 3,306 | -1,123 |
Reductions for remeasurements, settlements and payments | -597 | -3,919 |
Reductions due to statute expiration | -4,633 | -1,940 |
Balance, end of year | $26,217 | $27,337 |
Income_Taxes_Narrative_Details
Income Taxes - Narrative (Details) (USD $) | 12 Months Ended | ||
Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 | |
state | |||
Income Tax [Line Items] | ' | ' | ' |
Current taxes receivable | $85,800,000 | ' | ' |
Current taxes payable | ' | 44,600,000 | ' |
Operating loss carryforwards | 27,100,000 | ' | ' |
Deferred Tax Assets, Valuation Allowance | 12,032,000 | 10,263,000 | ' |
Unrecognized tax Benefits, Operating Loss Carryforwards, Federal, State and Foreign | 5,200,000 | ' | ' |
Tax credit carryforwards | 7,300,000 | ' | ' |
Foreign tax credit carryforwards | 7,600,000 | ' | ' |
Deferred tax liabilities, noncurrent | 553,000,000 | 589,900,000 | ' |
Gross unrecognized tax benefits | 26,217,000 | 27,337,000 | 31,977,000 |
Accrued for interest and penalties | 5,900,000 | 7,000,000 | ' |
Interest and penalties | -1,000,000 | -300,000 | ' |
Number of Significant States and Foreign Taxing Jurisdictions in which Entity Operates | 20 | ' | ' |
Minimum [Member] | ' | ' | ' |
Income Tax [Line Items] | ' | ' | ' |
Open Tax Years | '1 year | ' | ' |
Maximum [Member] | ' | ' | ' |
Income Tax [Line Items] | ' | ' | ' |
Open Tax Years | '10 years | ' | ' |
Prepaid Expenses and Other Current Assets [Member] | ' | ' | ' |
Income Tax [Line Items] | ' | ' | ' |
Current deferred tax assets | 0 | 42,700,000 | ' |
Accrued Expenses and Other Current Liabilities [Member] | ' | ' | ' |
Income Tax [Line Items] | ' | ' | ' |
Deferred tax liabilities, current | $14,700,000 | $0 | ' |
Capital_Stock_Details
Capital Stock - (Details) (USD $) | 0 Months Ended | 12 Months Ended | 0 Months Ended | |||||||||||||||
Dec. 17, 2013 | Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 | Jun. 27, 2014 | Mar. 28, 2014 | Dec. 27, 2013 | Jun. 28, 2013 | Mar. 29, 2013 | Dec. 28, 2012 | Oct. 03, 2014 | Sep. 27, 2013 | Dec. 17, 2013 | Dec. 12, 2013 | Dec. 17, 2013 | Dec. 17, 2013 | Dec. 17, 2013 | Nov. 11, 2014 | |
Common Stock [Member] | Common Stock [Member] | IPO [Member] | IPO [Member] | IPO [Member] | IPO [Member] | IPO [Member] | Subsequent Event [Member] | |||||||||||
Corporate [Member] | GS Capital Partners [Member] | J.P. Morgan Partners [Member] | ||||||||||||||||
Schedule of Debt [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock, shares issued (in shares) | ' | 256,086,839 | 219,585,247 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 28,000,000 | ' | ' | ' | ' | ' |
Share price (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $20 | $20 | ' | ' | ' | ' |
Proceeds from initial public offering, net | $524,100,000 | $524,081,000 | $0 | $0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gross Spread Fee for Related Parties | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,500,000 | 6,500,000 | ' |
IPO Related Expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,000,000 | ' | ' | ' |
Common Stock Subject to Repurchase | ' | 9,877,000 | 168,915,000 | ' | ' | ' | ' | ' | ' | ' | 0 | 158,700,000 | ' | ' | ' | ' | ' | ' |
Payments of Dividends (in dollars per share) | ' | $52,186,000 | $0 | $0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends Payable, Amount Per Share (in dollars per share) | ' | $0.08 | $0 | ' | $0.08 | $0.08 | $0 | $0 | $0 | $0 | ' | ' | ' | ' | ' | ' | ' | $0.09 |
ShareBased_Compensation_Narrat
Share-Based Compensation - Narrative (Details) (USD $) | 12 Months Ended | 12 Months Ended | |||||
In Millions, except Share data, unless otherwise specified | Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 | Dec. 01, 2013 | Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 |
2013 Stock Incentive Plan [Member] | Selling and general corporate expenses [Member] | Selling and general corporate expenses [Member] | Selling and general corporate expenses [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Number of shares authorized | ' | ' | ' | 25,500,000 | ' | ' | ' |
Allocated Share-based Compensation Expense | ' | ' | ' | ' | $96.30 | $19.40 | $15.70 |
Tax benefit on share-based compensation Expense | 37.6 | 7.6 | 6.1 | ' | ' | ' | ' |
Proceeds from stock options exercised | 4.4 | 5.6 | 6.7 | ' | ' | ' | ' |
Excess Tax Benefit from Share-based Compensation, Financing Activities | $40.50 | $4.80 | $4.50 | ' | ' | ' | ' |
ShareBased_Compensation_Stock_
Share-Based Compensation - Stock Options Narrative (Details) | 12 Months Ended |
Oct. 03, 2014 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Percentage of stock options that are subject to time-based vesting | 100.00% |
Time-Based Options [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Award vesting period | '4 years |
Performance-Based Options [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Award vesting period | '4 years |
Amended Stock Incentive Plan [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Number of award types | 2 |
Share-based compensation, contractual term | '10 years |
ShareBased_Compensation_Schedu
Share-Based Compensation - Schedule of Stock Option Valuation Assumptions (Details) | 12 Months Ended | ||
Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 | |
Time-Based Options [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Expected volatility | 30.00% | 30.00% | 30.00% |
Expected dividend yield | 1.50% | 0.00% | 0.00% |
Expected life (in years) | '6 years 3 months | '6 years 3 months | '6 years 3 months |
Risk-free interest rate, minimum | 2.06% | 1.02% | 1.04% |
Risk-free interest rate, maximum | 2.33% | 2.36% | 1.61% |
Performance-Based Options [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Expected volatility | 30.00% | 30.00% | 30.00% |
Expected dividend yield | 1.50% | 0.00% | 0.00% |
Risk-free interest rate, minimum | 0.65% | 0.61% | 0.73% |
Risk-free interest rate, maximum | 1.47% | 0.85% | 1.04% |
Minimum [Member] | Performance-Based Options [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Expected life (in years) | '4 years | '4 years 6 months | '5 years |
Maximum [Member] | Performance-Based Options [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Expected life (in years) | '5 years | '5 years 6 months | '6 years |
ShareBased_Compensation_TimeBa
Share-Based Compensation - Time-Based Options Narrative (Details) (Time-Based Options [Member], USD $) | 12 Months Ended | ||
In Millions, except Per Share data, unless otherwise specified | Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 |
Time-Based Options [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Time-based options, grants in period, weighted average grant date fair value (in dollars per share) | $6.72 | $5.41 | $4.57 |
Allocated Share-based Compensation Expense | $12.90 | $9.30 | $8.50 |
Forfeiture rate | 8.70% | 8.70% | 8.70% |
Unrecognized compensation expense | 26.6 | ' | ' |
Compensation cost, weighted average remaining term | '2 years 8 months 16 days | ' | ' |
Total intrinsic value of time-based options exercised | 79.9 | 17.2 | 15 |
Total fair value of time-based options vested | $13.20 | $3.90 | $7.90 |
ShareBased_Compensation_Perfor
Share-Based Compensation - Performance-Based Options Narrative (Details) (USD $) | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | ||||||||||
In Millions, except Per Share data, unless otherwise specified | Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 | Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 | Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 | Nov. 11, 2013 | Oct. 03, 2014 | Nov. 11, 2013 | Nov. 11, 2013 | Nov. 11, 2013 | Oct. 03, 2014 |
Performance-Based Options [Member] | Performance-Based Options [Member] | Performance-Based Options [Member] | Performance-Based Options [Member] | Performance-Based Options [Member] | Performance-Based Options [Member] | Performance-Based Options [Member] | Performance-Based Options [Member] | Performance-Based Options [Member] | Performance Shares Under Modification [Member] | Performance Shares Under Modification [Member] | Performance Shares Under Modification [Member] | Performance Shares Under Modification [Member] | Performance Shares Under Modification [Member] | Performance-Based Options [Member] | |
Minimum [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Performance-based options, grants in period, weighted average grant date fair value (in dollars per share) | $9.20 | $4.54 | $3.91 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percent to vest, Performance based Options, First target | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' |
First Performance Target for PBO for IPO Modification (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $20 | ' | ' | ' |
Terms of award, contingent vesting period subsequent to an IPO | ' | ' | ' | ' | ' | ' | ' | ' | ' | '18 months | ' | ' | ' | ' | ' |
Second Performance target for PBO for IPO Modification (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $25 | ' | ' | ' |
Terms of award, contingent vesting, required closing trading price for consecutive period, number of days in consecutive period | ' | ' | ' | ' | ' | ' | ' | ' | ' | '20 days | ' | ' | ' | ' | ' |
Percent to vest, Performance based options, second target | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' |
Option Awards Modified in Period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5 | ' | ' | ' |
Expected volatility | 30.00% | 30.00% | 30.00% | ' | ' | ' | ' | ' | ' | 30.00% | ' | ' | ' | ' | 30.00% |
Expected dividend yield | 1.50% | 0.00% | 0.00% | ' | ' | ' | ' | ' | ' | 1.50% | ' | ' | ' | ' | 1.50% |
Expected life (in years) | ' | ' | ' | '4 years | '4 years 6 months | '5 years | '5 years | '5 years 6 months | '6 years | ' | ' | ' | '3 years | '8 years | ' |
Risk-free interest rate, minimum | 0.65% | 0.61% | 0.73% | ' | ' | ' | ' | ' | ' | 0.66% | ' | ' | ' | ' | 0.65% |
Risk-free interest rate, maximum | 1.47% | 0.85% | 1.04% | ' | ' | ' | ' | ' | ' | 2.63% | ' | ' | ' | ' | 1.47% |
Options, nonvested, weighted average grant date fair value (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $10.19 | ' | ' | ' |
Allocated Share-based Compensation Expense | ' | $6.40 | $3.60 | ' | ' | ' | ' | ' | ' | ' | $50.90 | ' | ' | ' | $58.50 |
Forfeiture rate | 8.70% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8.70% |
Unrecognized compensation expense | 2.2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Compensation cost, weighted average remaining term | '6 months 22 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '6 months 22 days |
Total intrinsic value of performance-based options exercised | 74.6 | 8.5 | 7.5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total fair value of performance-based options vested | $58.80 | $0.20 | $6.70 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
ShareBased_Compensation_Schedu1
Share-Based Compensation - Schedule of Options Activity (Details) (USD $) | 12 Months Ended |
In Thousands, except Share data, unless otherwise specified | Oct. 03, 2014 |
Time-Based Options [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ' |
Beginning Shares Outstanding (in shares) | 18,908,000 |
Granted (in shares) | 2,080,000 |
Exercised (in shares) | -4,283,000 |
Forfeited and expired (in shares) | -956,000 |
Ending Shares Outstanding (in shares) | 15,749,000 |
Ending Exercisable Shares (in shares) | 8,475,000 |
Ending Shares Expected to Vest (in shares) | 5,795,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract] | ' |
Beginning Weighted-Average Exercise Price (in dollars per share) | $11.04 |
Granted Weighted-Average Exercise Price (in dollars per share) | $23.81 |
Exercised Weighted-Average Exercise Price (in dollars per share) | $7.70 |
Forfeited and expired Weighted-Average Exercise Price (in dollars per share) | $15.48 |
Ending Weighted-Average Exercise Price (in dollars per share) | $13.37 |
Exercisable Weighted-Average Exercise Price (in dollars per share) | $9.74 |
Expected to vest Weighted-Average Exercise Price (in dollars per share) | $17.68 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract] | ' |
Aggregated Intrinsic Value of Shares Outstanding | $205,928 |
Aggregate Intrinsic Value of Shares Exercisable | 141,562 |
Aggregate Intrinsic Value of Shares Expected to Vest | 50,827 |
Weighted-Average Remaining Term of Shares Outstanding | '6 years 7 months 6 days |
Weighted-Average Remaining Term of Shares Exercisable | '5 years |
Weighted-Average Remaining Term of Shares Expected to Vest | '8 years 7 months 6 days |
Performance-Based Options [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ' |
Beginning Shares Outstanding (in shares) | 13,938,000 |
Granted (in shares) | 0 |
Exercised (in shares) | -3,853,000 |
Forfeited and expired (in shares) | -755,000 |
Ending Shares Outstanding (in shares) | 9,330,000 |
Ending Exercisable Shares (in shares) | 7,646,000 |
Ending Shares Expected to Vest (in shares) | 901,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract] | ' |
Beginning Weighted-Average Exercise Price (in dollars per share) | $8.86 |
Granted Weighted-Average Exercise Price (in dollars per share) | $0 |
Exercised Weighted-Average Exercise Price (in dollars per share) | $7.46 |
Forfeited and expired Weighted-Average Exercise Price (in dollars per share) | $9.88 |
Ending Weighted-Average Exercise Price (in dollars per share) | $9.36 |
Exercisable Weighted-Average Exercise Price (in dollars per share) | $8.52 |
Expected to vest Weighted-Average Exercise Price (in dollars per share) | $12.81 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract] | ' |
Aggregated Intrinsic Value of Shares Outstanding | 159,341 |
Aggregate Intrinsic Value of Shares Exercisable | 137,025 |
Aggregate Intrinsic Value of Shares Expected to Vest | $12,291 |
Weighted-Average Remaining Term of Shares Outstanding | '4 years 10 months 24 days |
Weighted-Average Remaining Term of Shares Exercisable | '4 years 4 months 24 days |
Weighted-Average Remaining Term of Shares Expected to Vest | '6 years 6 months |
ShareBased_Compensation_Instal
Share-Based Compensation - Installment Stock Purchase Opportunities, Deferred Stock and Time-Based Units Narrative (Details) (USD $) | 12 Months Ended | ||
In Millions, except Share data, unless otherwise specified | Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 |
Installment Stock Purchase Opportunities (ISPOs) [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Allocated Share-based Compensation Expense | $2 | $1.60 | $1 |
Deferred Stock Units [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Allocated Share-based Compensation Expense | 1.5 | 0.6 | 0.5 |
Granted (in shares) | 60,088 | ' | ' |
Restricted Stock Units (RSUs) [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Allocated Share-based Compensation Expense | 14.2 | 1.3 | ' |
Unrecognized compensation expense | $35.90 | ' | ' |
Compensation cost, weighted average remaining term | '2 years 6 months | ' | ' |
Restricted Stock Units (RSUs) [Member] | Share-based Compensation Award, Tranche One [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 25.00% | ' | ' |
ShareBased_Compensation_Schedu2
Share-Based Compensation - Schedule of Restricted Stock Units Activity (Details) (Restricted Stock Units (RSUs) [Member], USD $) | 12 Months Ended |
In Thousands, except Per Share data, unless otherwise specified | Oct. 03, 2014 |
Restricted Stock Units (RSUs) [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | ' |
Restricted Stock Units, Beginning (in shares) | 1,267 |
Restricted Stock Units, Granted (in shares) | 2,100 |
Restricted Stock Units, Vested (in shares) | -288 |
Restricted Stock Units, Forfeited (in shares) | -309 |
Restricted Stock Units, Ending (in shares) | 2,770 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract] | ' |
Weighted Average Grant Date Fair Value of Restricted Stock Units, Beginning (in dollars per shares) | $16.22 |
Weighted Average Grant Date Fair Value of Restricted Stock Units, Granted (in dollars per shares) | $20.53 |
Weighted Average Grant Date Fair Value of Restricted Stock Units, Vested (in dollars per shares) | $16.23 |
Weighted Average Grant Date Fair Value of Restricted Stock Units, Forfeited (in dollars per shares) | $18.23 |
Weighted Average Grant Date Fair Value of Restricted Stock Units, Ending (in dollars per shares) | $19.22 |
ShareBased_Compensation_Perfor1
Share-Based Compensation - Performance Stock Units Narrative (Details) (Performance Stock Units (PSUs) [Member], USD $) | 12 Months Ended |
In Millions, except Share data in Thousands, unless otherwise specified | Oct. 03, 2014 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Performance Stock Units, Granted (in shares) | 700 |
Weighted average grant date fair value of performance stock units granted (in dollars per shares) | $24.12 |
Allocated Share-based Compensation Expense | $7.20 |
Unrecognized compensation expense | $7.80 |
Compensation cost, weighted average remaining term | '1 year 6 months 18 days |
Share-based Compensation Award, Tranche One [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 33.00% |
Share-based Compensation Award, Tranche Two [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 67.00% |
Earnings_Per_Share_Details
Earnings Per Share - (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Share data, unless otherwise specified | Oct. 03, 2014 | Jun. 27, 2014 | Mar. 28, 2014 | Dec. 27, 2013 | Sep. 27, 2013 | Jun. 28, 2013 | Mar. 29, 2013 | Dec. 28, 2012 | Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 |
Earnings Per Share Reconciliation [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income from Continuing Operations attributable to Aramark stockholders | ' | ' | ' | ' | ' | ' | ' | ' | $148,956 | $70,386 | $103,254 |
Income (loss) from Discontinued Operations attributable to Aramark stockholders | ' | ' | ' | ' | ' | ' | ' | ' | 0 | -1,030 | 297 |
Net income attributable to Aramark stockholders | $44,405 | $46,873 | $12,916 | $44,762 | $38,898 | $27,748 | ($40,104) | $42,814 | $148,956 | $69,356 | $103,551 |
Shares: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basic weighted-average shares outstanding | ' | ' | ' | ' | ' | ' | ' | ' | 225,866,000 | 201,916,000 | 203,211,000 |
Effect of dilutive securities (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | 11,585,000 | 7,454,000 | 6,496,000 |
Diluted weighted-average shares outstanding | ' | ' | ' | ' | ' | ' | ' | ' | 237,451,000 | 209,370,000 | 209,707,000 |
Basic Earnings Per Share: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income from Continuing Operations (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | $0.66 | $0.35 | $0.51 |
Income (loss) from Discontinued Operations (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | $0 | ($0.01) | $0 |
Earnings Per Share, Basic (in dollars per share) | $0.19 | $0.20 | $0.06 | $0.22 | $0.19 | $0.14 | ($0.20) | $0.21 | $0.66 | $0.34 | $0.51 |
Diluted Earnings Per Share: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income from Continuing Operations (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | $0.63 | $0.34 | $0.49 |
Income (loss) from Discontinued Operations (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | $0 | ($0.01) | $0 |
Earnings Per Share, Diluted (in dollars per share) | $0.18 | $0.19 | $0.05 | $0.21 | $0.19 | $0.13 | ($0.20) | $0.20 | $0.63 | $0.33 | $0.49 |
Share-based Compensation Award [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Antidilutive securities excluded from computation of EPS (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | 1,500,000 | 6,000,000 | 3,200,000 |
Antidilutive Securities [Member] | Performance-Based Options [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Antidilutive securities excluded from computation of EPS (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | 800,000 | 7,800,000 | 8,700,000 |
Accounts_Receivable_Securitiza1
Accounts Receivable Securitization - (Details) (USD $) | Oct. 03, 2014 | Sep. 27, 2013 |
Receivables Facility, due January 2015 [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Long-term Debt | $350,000,000 | $300,000,000 |
Receivables Facility, due May 2017 [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Long-term Debt | 350,000,000 | 300,000,000 |
Receivables Facility, seasonal tranche | $25,000,000 | ' |
Commitments_And_Contingencies_1
Commitments And Contingencies - Narrative (Details) (USD $) | 12 Months Ended | ||
Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 | |
Loss Contingencies [Line Items] | ' | ' | ' |
Capital and other purchase commitments | $484,000,000 | ' | ' |
Letters of credit outstanding | 148,600,000 | ' | ' |
Maximum potential liability from vehicle leases | 119,200,000 | ' | ' |
Residual value guarantee, value assumptions, terminal fair value of vehicles coming off lease | 0 | ' | ' |
Amounts accrued for guarantee arrangements | 0 | ' | ' |
Rental expense for all operating leases | $188,000,000 | $179,300,000 | $177,400,000 |
Minimum [Member] | ' | ' | ' |
Loss Contingencies [Line Items] | ' | ' | ' |
Operating Lease Terms | '1 year | ' | ' |
Maximum [Member] | ' | ' | ' |
Loss Contingencies [Line Items] | ' | ' | ' |
Operating Lease Terms | '8 years | ' | ' |
Commitments_And_Contingencies_2
Commitments And Contingencies - Schedule of Future Minimum Rental Commitments Under All Noncancelable Operating Leases (Details) (USD $) | Oct. 03, 2014 |
In Thousands, unless otherwise specified | |
Commitments and Contingencies Disclosure [Abstract] | ' |
2015 | $235,049 |
2016 | 95,150 |
2017 | 85,634 |
2018 | 72,716 |
2019 | 47,483 |
2020-Thereafter | 105,384 |
Total minimum rental obligations | $641,416 |
Quarterly_Results_Unaudited_De
Quarterly Results (Unaudited) - (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Oct. 03, 2014 | Jun. 27, 2014 | Mar. 28, 2014 | Dec. 27, 2013 | Sep. 27, 2013 | Jun. 28, 2013 | Mar. 29, 2013 | Dec. 28, 2012 | Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 |
Quarterly Financial Information Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales | $3,947,768 | $3,620,057 | $3,502,007 | $3,763,081 | $3,515,975 | $3,490,030 | $3,403,737 | $3,535,915 | $14,832,913 | $13,945,657 | $13,505,426 |
Cost of services provided | 3,573,882 | 3,275,409 | 3,159,808 | 3,354,819 | 3,179,286 | 3,178,092 | 3,132,226 | 3,171,540 | 13,363,918 | 12,661,145 | 12,191,419 |
Income (Loss) from Continuing Operations | 44,510 | 46,916 | 13,117 | 44,916 | 40,134 | 27,974 | -39,904 | 43,192 | 149,459 | 71,396 | 106,902 |
Net income (loss) attributable to Aramark stockholders | $44,405 | $46,873 | $12,916 | $44,762 | $38,898 | $27,748 | ($40,104) | $42,814 | $148,956 | $69,356 | $103,551 |
Earnings per share: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basic (in dollars per share) | $0.19 | $0.20 | $0.06 | $0.22 | $0.19 | $0.14 | ($0.20) | $0.21 | $0.66 | $0.34 | $0.51 |
Diluted (in dollars per share) | $0.18 | $0.19 | $0.05 | $0.21 | $0.19 | $0.13 | ($0.20) | $0.20 | $0.63 | $0.33 | $0.49 |
Dividends paid per common share (in dollars per share) | $0.08 | $0.08 | $0.08 | $0 | $0 | $0 | $0 | $0 | $0.08 | $0 | ' |
Business_Segments_Details
Business Segments - (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
Oct. 03, 2014 | Jun. 27, 2014 | Mar. 28, 2014 | Dec. 27, 2013 | Sep. 27, 2013 | Jun. 28, 2013 | Mar. 29, 2013 | Dec. 28, 2012 | Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 | |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales | $3,947,768,000 | $3,620,057,000 | $3,502,007,000 | $3,763,081,000 | $3,515,975,000 | $3,490,030,000 | $3,403,737,000 | $3,535,915,000 | $14,832,913,000 | $13,945,657,000 | $13,505,426,000 |
Operating Income | ' | ' | ' | ' | ' | ' | ' | ' | 564,563,000 | 514,474,000 | 581,775,000 |
Interest and Other Financing Costs, net | ' | ' | ' | ' | ' | ' | ' | ' | -334,886,000 | -423,845,000 | -456,807,000 |
Income from Continuing Operations Before Income Taxes | ' | ' | ' | ' | ' | ' | ' | ' | 229,677,000 | 90,629,000 | 124,968,000 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 521,581,000 | 542,136,000 | 529,213,000 |
Capital Expenditures and Client Contract Investments and Other | ' | ' | ' | ' | ' | ' | ' | ' | 551,900,000 | 393,100,000 | 373,400,000 |
Assets | 10,455,693,000 | ' | ' | ' | 10,267,106,000 | ' | ' | ' | 10,455,693,000 | 10,267,106,000 | ' |
Property and Equipment, net | 997,331,000 | ' | ' | ' | 977,323,000 | ' | ' | ' | 997,331,000 | 977,323,000 | ' |
Food and Support Services - North America [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales | ' | ' | ' | ' | ' | ' | ' | ' | 10,232,800,000 | 9,594,200,000 | 9,347,900,000 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 381,000,000 | 374,200,000 | 363,800,000 |
Capital Expenditures and Client Contract Investments and Other | ' | ' | ' | ' | ' | ' | ' | ' | 431,300,000 | 283,300,000 | 278,500,000 |
Food and Support Services - International [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales | ' | ' | ' | ' | ' | ' | ' | ' | 3,111,200,000 | 2,940,200,000 | 2,794,800,000 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 59,200,000 | 64,000,000 | 61,900,000 |
Capital Expenditures and Client Contract Investments and Other | ' | ' | ' | ' | ' | ' | ' | ' | 48,400,000 | 63,000,000 | 54,400,000 |
Uniform and Career Apparel [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales | ' | ' | ' | ' | ' | ' | ' | ' | 1,488,900,000 | 1,411,300,000 | 1,362,700,000 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 79,600,000 | 102,000,000 | 102,600,000 |
Capital Expenditures and Client Contract Investments and Other | ' | ' | ' | ' | ' | ' | ' | ' | 53,800,000 | 46,700,000 | 40,500,000 |
Corporate [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 1,800,000 | 1,900,000 | 900,000 |
Capital Expenditures and Client Contract Investments and Other | ' | ' | ' | ' | ' | ' | ' | ' | 18,400,000 | 100,000 | 0 |
United States [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales | ' | ' | ' | ' | ' | ' | ' | ' | 10,798,500,000 | 10,025,000,000 | 9,729,600,000 |
Property and Equipment, net | 834,400,000 | ' | ' | ' | 789,400,000 | ' | ' | ' | 834,400,000 | 789,400,000 | ' |
Foreign [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales | ' | ' | ' | ' | ' | ' | ' | ' | 4,034,400,000 | 3,920,700,000 | 3,775,800,000 |
Property and Equipment, net | 162,900,000 | ' | ' | ' | 187,900,000 | ' | ' | ' | 162,900,000 | 187,900,000 | ' |
Operating Segments [Member] | Food and Support Services - North America [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating Income | ' | ' | ' | ' | ' | ' | ' | ' | 501,300,000 | 403,200,000 | 424,900,000 |
Assets | 7,072,900,000 | ' | ' | ' | 6,916,400,000 | ' | ' | ' | 7,072,900,000 | 6,916,400,000 | ' |
Operating Segments [Member] | Food and Support Services - International [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating Income | ' | ' | ' | ' | ' | ' | ' | ' | 106,200,000 | 68,100,000 | 90,600,000 |
Assets | 1,485,300,000 | ' | ' | ' | 1,554,100,000 | ' | ' | ' | 1,485,300,000 | 1,554,100,000 | ' |
Operating Segments [Member] | Uniform and Career Apparel [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating Income | ' | ' | ' | ' | ' | ' | ' | ' | 172,100,000 | 117,300,000 | 118,100,000 |
Assets | 1,695,700,000 | ' | ' | ' | 1,670,000,000 | ' | ' | ' | 1,695,700,000 | 1,670,000,000 | ' |
Operating Segments [Member] | Total Segment Operating Income Excluding Corporate [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating Income | ' | ' | ' | ' | ' | ' | ' | ' | 779,600,000 | 588,600,000 | 633,600,000 |
Corporate, Non-Segment [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating Income | ' | ' | ' | ' | ' | ' | ' | ' | -215,000,000 | -74,200,000 | -51,800,000 |
Assets | 201,800,000 | ' | ' | ' | 126,600,000 | ' | ' | ' | 201,800,000 | 126,600,000 | ' |
Reportable Operating Segments [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating Income | ' | ' | ' | ' | ' | ' | ' | ' | 564,600,000 | 514,400,000 | 581,800,000 |
Assets | $10,455,700,000 | ' | ' | ' | $10,267,100,000 | ' | ' | ' | $10,455,700,000 | $10,267,100,000 | ' |
Fair_Value_of_Financial_Assets2
Fair Value of Financial Assets and Financial Liabilities - Narrative (Details) (USD $) | Oct. 03, 2014 | Sep. 27, 2013 |
Fair Value Disclosure [Member] | Financial assets and liabilities measured on a recurring basis [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair Value of debt | $5,441,500,000 | $5,854,900,000 |
Carrying (Reported) Amount, Fair Value Disclosure [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Carrying value of debt | $5,445,600,000 | $5,824,100,000 |
Fair_Value_of_Financial_Assets3
Fair Value of Financial Assets and Financial Liabilities - Common Stock Subject to Repurchase Level 3 Rollforward (Details) (Level 3 [Member], USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Oct. 03, 2014 |
Level 3 [Member] | ' |
Fair Value, Temporary Equity Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' |
Balance, September 27, 2013 | $158,708 |
Repurchases of common stock | -763 |
Reclassification of common stock subject to repurchase | -157,945 |
Balance, October 3, 2014 | $0 |
Related_Party_Transactions_Det
Related Party Transactions - (Details) (Interest rate swap agreements [Member], Swap [Member], USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 |
GS Capital Partners [Member] | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' |
Notional amount of derivative | $487.40 | $230 | ' |
Net payments to related party for interest rate swap transactions | 7.9 | 3.1 | 21.5 |
J.P. Morgan Partners [Member] | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' |
Notional amount of derivative | 437.4 | 205 | ' |
Net payments to related party for interest rate swap transactions | $6.90 | $5.50 | $28.20 |
Condensed_Consolidating_Financ2
Condensed Consolidating Financial Statements of ARAMARK and Subsidiaries - Narrative (Details) (5.75% Senior Notes , due 2020 [Member], Senior Notes [Member]) | Mar. 07, 2013 |
5.75% Senior Notes , due 2020 [Member] | Senior Notes [Member] | ' |
Condensed Financial Statements, Captions [Line Items] | ' |
Stated interest rate | 5.75% |
Condensed_Consolidating_Financ3
Condensed Consolidating Financial Statements of ARAMARK and Subsidiaries - Condensed Consolidating Balance Sheets (Details) (USD $) | Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 | Sep. 30, 2011 |
Current Assets: | ' | ' | ' | ' |
Cash and cash equivalents | $111,690,000 | $110,998,000 | $136,748,000 | $213,390,000 |
Receivables | 1,582,431,000 | 1,405,843,000 | ' | ' |
Inventories, at lower of cost or market | 553,815,000 | 541,972,000 | ' | ' |
Prepayments and other current assets | 217,040,000 | 228,352,000 | ' | ' |
Total current assets | 2,464,976,000 | 2,287,165,000 | ' | ' |
Property and Equipment, net | 997,331,000 | 977,323,000 | ' | ' |
Goodwill | 4,589,680,000 | 4,619,987,000 | ' | ' |
Investment in and Advances to Subsidiaries | 0 | 0 | ' | ' |
Other Intangible Assets | 1,252,741,000 | 1,408,764,000 | ' | ' |
Other Assets | 1,150,965,000 | 973,867,000 | ' | ' |
Assets | 10,455,693,000 | 10,267,106,000 | ' | ' |
Current Liabilities: | ' | ' | ' | ' |
Current maturities of long-term borrowings | 89,805,000 | 65,841,000 | ' | ' |
Accounts payable | 986,240,000 | 888,969,000 | ' | ' |
Accrued expenses and other liabilities | 770,668,000 | 878,549,000 | ' | ' |
Total current liabilities | 2,378,873,000 | 2,389,253,000 | ' | ' |
Long-Term Borrowings | 5,355,789,000 | 5,758,229,000 | ' | ' |
Deferred Income Taxes and Other Noncurrent Liabilities | 993,118,000 | 1,047,002,000 | ' | ' |
Intercompany Payable | 0 | 0 | ' | ' |
Common Stock Subject to Repurchase and Other | 9,877,000 | 168,915,000 | ' | ' |
Total stockholders' equity | 1,718,036,000 | 903,707,000 | 966,864,000 | 882,465,000 |
Liabilities and Stockholders’ Equity | 10,455,693,000 | 10,267,106,000 | ' | ' |
ARAMARK [Member] | ' | ' | ' | ' |
Current Assets: | ' | ' | ' | ' |
Cash and cash equivalents | 0 | 0 | 100,000 | 100,000 |
Receivables | 0 | 0 | ' | ' |
Inventories, at lower of cost or market | 0 | 0 | ' | ' |
Prepayments and other current assets | 0 | 0 | ' | ' |
Total current assets | 0 | 0 | ' | ' |
Property and Equipment, net | 0 | 0 | ' | ' |
Goodwill | 0 | 0 | ' | ' |
Investment in and Advances to Subsidiaries | 1,718,800,000 | 1,062,700,000 | ' | ' |
Other Intangible Assets | 0 | 0 | ' | ' |
Other Assets | 0 | 0 | ' | ' |
Assets | 1,718,800,000 | 1,062,700,000 | ' | ' |
Current Liabilities: | ' | ' | ' | ' |
Current maturities of long-term borrowings | 0 | 0 | ' | ' |
Accounts payable | 0 | 0 | ' | ' |
Accrued expenses and other liabilities | 800,000 | 300,000 | ' | ' |
Total current liabilities | 800,000 | 300,000 | ' | ' |
Long-Term Borrowings | 0 | 0 | ' | ' |
Deferred Income Taxes and Other Noncurrent Liabilities | 0 | 0 | ' | ' |
Intercompany Payable | 0 | 0 | ' | ' |
Common Stock Subject to Repurchase and Other | 0 | 158,700,000 | ' | ' |
Total stockholders' equity | 1,718,000,000 | 903,700,000 | ' | ' |
Liabilities and Stockholders’ Equity | 1,718,800,000 | 1,062,700,000 | ' | ' |
Aramark Services, Inc. (Issuer) | ' | ' | ' | ' |
Current Assets: | ' | ' | ' | ' |
Cash and cash equivalents | 26,300,000 | 23,000,000 | 27,400,000 | 137,400,000 |
Receivables | 200,000 | 1,400,000 | ' | ' |
Inventories, at lower of cost or market | 15,400,000 | 15,900,000 | ' | ' |
Prepayments and other current assets | 73,500,000 | 46,200,000 | ' | ' |
Total current assets | 115,400,000 | 86,500,000 | ' | ' |
Property and Equipment, net | 24,900,000 | 24,400,000 | ' | ' |
Goodwill | 173,100,000 | 173,100,000 | ' | ' |
Investment in and Advances to Subsidiaries | 5,677,400,000 | 6,267,400,000 | ' | ' |
Other Intangible Assets | 29,700,000 | 32,600,000 | ' | ' |
Other Assets | 70,100,000 | 68,400,000 | ' | ' |
Assets | 6,090,600,000 | 6,652,400,000 | ' | ' |
Current Liabilities: | ' | ' | ' | ' |
Current maturities of long-term borrowings | 22,000,000 | 22,500,000 | ' | ' |
Accounts payable | 189,800,000 | 147,000,000 | ' | ' |
Accrued expenses and other liabilities | 140,800,000 | 230,200,000 | ' | ' |
Total current liabilities | 352,600,000 | 399,700,000 | ' | ' |
Long-Term Borrowings | 4,503,700,000 | 5,101,700,000 | ' | ' |
Deferred Income Taxes and Other Noncurrent Liabilities | 372,300,000 | 326,200,000 | ' | ' |
Intercompany Payable | 0 | 0 | ' | ' |
Common Stock Subject to Repurchase and Other | 0 | 0 | ' | ' |
Total stockholders' equity | 862,000,000 | 824,800,000 | ' | ' |
Liabilities and Stockholders’ Equity | 6,090,600,000 | 6,652,400,000 | ' | ' |
Guarantors [Member] | ' | ' | ' | ' |
Current Assets: | ' | ' | ' | ' |
Cash and cash equivalents | 41,600,000 | 40,500,000 | 41,700,000 | 31,700,000 |
Receivables | 265,400,000 | 242,900,000 | ' | ' |
Inventories, at lower of cost or market | 458,700,000 | 441,000,000 | ' | ' |
Prepayments and other current assets | 67,400,000 | 103,100,000 | ' | ' |
Total current assets | 833,100,000 | 827,500,000 | ' | ' |
Property and Equipment, net | 796,500,000 | 751,200,000 | ' | ' |
Goodwill | 3,982,800,000 | 3,994,600,000 | ' | ' |
Investment in and Advances to Subsidiaries | 433,000,000 | 444,800,000 | ' | ' |
Other Intangible Assets | 1,101,300,000 | 1,230,000,000 | ' | ' |
Other Assets | 821,400,000 | 629,500,000 | ' | ' |
Assets | 7,968,100,000 | 7,877,600,000 | ' | ' |
Current Liabilities: | ' | ' | ' | ' |
Current maturities of long-term borrowings | 13,000,000 | 12,000,000 | ' | ' |
Accounts payable | 577,400,000 | 448,300,000 | ' | ' |
Accrued expenses and other liabilities | 861,100,000 | 875,600,000 | ' | ' |
Total current liabilities | 1,451,500,000 | 1,335,900,000 | ' | ' |
Long-Term Borrowings | 41,300,000 | 40,400,000 | ' | ' |
Deferred Income Taxes and Other Noncurrent Liabilities | 535,500,000 | 618,300,000 | ' | ' |
Intercompany Payable | 4,968,200,000 | 5,016,000,000 | ' | ' |
Common Stock Subject to Repurchase and Other | 9,900,000 | 10,200,000 | ' | ' |
Total stockholders' equity | 961,700,000 | 856,800,000 | ' | ' |
Liabilities and Stockholders’ Equity | 7,968,100,000 | 7,877,600,000 | ' | ' |
Non Guarantors [Member] | ' | ' | ' | ' |
Current Assets: | ' | ' | ' | ' |
Cash and cash equivalents | 43,800,000 | 47,500,000 | 67,600,000 | 44,200,000 |
Receivables | 1,316,900,000 | 1,161,600,000 | ' | ' |
Inventories, at lower of cost or market | 79,700,000 | 85,100,000 | ' | ' |
Prepayments and other current assets | 76,100,000 | 79,000,000 | ' | ' |
Total current assets | 1,516,500,000 | 1,373,200,000 | ' | ' |
Property and Equipment, net | 175,900,000 | 201,700,000 | ' | ' |
Goodwill | 433,800,000 | 452,300,000 | ' | ' |
Investment in and Advances to Subsidiaries | 65,700,000 | 124,500,000 | ' | ' |
Other Intangible Assets | 121,700,000 | 146,100,000 | ' | ' |
Other Assets | 261,500,000 | 278,000,000 | ' | ' |
Assets | 2,575,100,000 | 2,575,800,000 | ' | ' |
Current Liabilities: | ' | ' | ' | ' |
Current maturities of long-term borrowings | 54,800,000 | 31,300,000 | ' | ' |
Accounts payable | 219,000,000 | 293,700,000 | ' | ' |
Accrued expenses and other liabilities | 300,100,000 | 328,300,000 | ' | ' |
Total current liabilities | 573,900,000 | 653,300,000 | ' | ' |
Long-Term Borrowings | 810,800,000 | 616,100,000 | ' | ' |
Deferred Income Taxes and Other Noncurrent Liabilities | 85,300,000 | 102,500,000 | ' | ' |
Intercompany Payable | 1,291,500,000 | 1,305,700,000 | ' | ' |
Common Stock Subject to Repurchase and Other | 0 | 0 | ' | ' |
Total stockholders' equity | -186,400,000 | -101,800,000 | ' | ' |
Liabilities and Stockholders’ Equity | 2,575,100,000 | 2,575,800,000 | ' | ' |
Eliminations [Member] | ' | ' | ' | ' |
Current Assets: | ' | ' | ' | ' |
Cash and cash equivalents | 0 | 0 | 0 | 0 |
Receivables | 0 | 0 | ' | ' |
Inventories, at lower of cost or market | 0 | 0 | ' | ' |
Prepayments and other current assets | 0 | 0 | ' | ' |
Total current assets | 0 | 0 | ' | ' |
Property and Equipment, net | 0 | 0 | ' | ' |
Goodwill | 0 | 0 | ' | ' |
Investment in and Advances to Subsidiaries | -7,894,900,000 | -7,899,400,000 | ' | ' |
Other Intangible Assets | 0 | 0 | ' | ' |
Other Assets | -2,000,000 | -2,000,000 | ' | ' |
Assets | -7,896,900,000 | -7,901,400,000 | ' | ' |
Current Liabilities: | ' | ' | ' | ' |
Current maturities of long-term borrowings | 0 | 0 | ' | ' |
Accounts payable | 0 | 0 | ' | ' |
Accrued expenses and other liabilities | 100,000 | 100,000 | ' | ' |
Total current liabilities | 100,000 | 100,000 | ' | ' |
Long-Term Borrowings | 0 | 0 | ' | ' |
Deferred Income Taxes and Other Noncurrent Liabilities | 0 | 0 | ' | ' |
Intercompany Payable | -6,259,700,000 | -6,321,700,000 | ' | ' |
Common Stock Subject to Repurchase and Other | 0 | 0 | ' | ' |
Total stockholders' equity | -1,637,300,000 | -1,579,800,000 | ' | ' |
Liabilities and Stockholders’ Equity | ($7,896,900,000) | ($7,901,400,000) | ' | ' |
Condensed_Consolidating_Financ4
Condensed Consolidating Financial Statements of ARAMARK and Subsidiaries - Condensed Consolidating Statements of Income (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
Oct. 03, 2014 | Jun. 27, 2014 | Mar. 28, 2014 | Dec. 27, 2013 | Sep. 27, 2013 | Jun. 28, 2013 | Mar. 29, 2013 | Dec. 28, 2012 | Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 | |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales | $3,947,768,000 | $3,620,057,000 | $3,502,007,000 | $3,763,081,000 | $3,515,975,000 | $3,490,030,000 | $3,403,737,000 | $3,535,915,000 | $14,832,913,000 | $13,945,657,000 | $13,505,426,000 |
Costs and Expenses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cost of services provided | 3,573,882,000 | 3,275,409,000 | 3,159,808,000 | 3,354,819,000 | 3,179,286,000 | 3,178,092,000 | 3,132,226,000 | 3,171,540,000 | 13,363,918,000 | 12,661,145,000 | 12,191,419,000 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 521,581,000 | 542,136,000 | 529,213,000 |
Selling and general corporate expenses | ' | ' | ' | ' | ' | ' | ' | ' | 382,851,000 | 227,902,000 | 203,019,000 |
Interest and other financing costs, net | ' | ' | ' | ' | ' | ' | ' | ' | 334,886,000 | 423,845,000 | 456,807,000 |
Expense allocations | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Cost of Services | ' | ' | ' | ' | ' | ' | ' | ' | 14,603,200,000 | 13,855,000,000 | 13,380,500,000 |
Income from Continuing Operations Before Income Taxes | ' | ' | ' | ' | ' | ' | ' | ' | 229,677,000 | 90,629,000 | 124,968,000 |
Provision (Benefit) for Income Taxes | ' | ' | ' | ' | ' | ' | ' | ' | 80,218,000 | 19,233,000 | 18,066,000 |
Equity in Net Income of Subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Income from Continuing Operations | 44,510,000 | 46,916,000 | 13,117,000 | 44,916,000 | 40,134,000 | 27,974,000 | -39,904,000 | 43,192,000 | 149,459,000 | 71,396,000 | 106,902,000 |
Income (loss) from Discontinued Operations, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | 0 | -1,030,000 | 297,000 |
Net income | ' | ' | ' | ' | ' | ' | ' | ' | 149,459,000 | 70,366,000 | 107,199,000 |
Less: Net income attributable to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | 503,000 | 1,010,000 | 3,648,000 |
Net income attributable to Aramark stockholders | 44,405,000 | 46,873,000 | 12,916,000 | 44,762,000 | 38,898,000 | 27,748,000 | -40,104,000 | 42,814,000 | 148,956,000 | 69,356,000 | 103,551,000 |
Other comprehensive income (loss), net of tax | ' | ' | ' | ' | ' | ' | ' | ' | -47,073,000 | 14,520,000 | 3,600,000 |
Comprehensive income attributable to Aramark stockholders | ' | ' | ' | ' | ' | ' | ' | ' | 101,883,000 | 83,876,000 | 107,151,000 |
ARAMARK [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Costs and Expenses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cost of services provided | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Selling and general corporate expenses | ' | ' | ' | ' | ' | ' | ' | ' | 7,800,000 | 900,000 | 500,000 |
Interest and other financing costs, net | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 51,000,000 | 55,000,000 |
Expense allocations | ' | ' | ' | ' | ' | ' | ' | ' | -7,800,000 | 0 | 0 |
Cost of Services | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 51,900,000 | 55,500,000 |
Income from Continuing Operations Before Income Taxes | ' | ' | ' | ' | ' | ' | ' | ' | 0 | -51,900,000 | -55,500,000 |
Provision (Benefit) for Income Taxes | ' | ' | ' | ' | ' | ' | ' | ' | 0 | -19,200,000 | -20,900,000 |
Equity in Net Income of Subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | 149,000,000 | 102,100,000 | 138,200,000 |
Income from Continuing Operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | 69,400,000 | 103,600,000 |
Income (loss) from Discontinued Operations, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 |
Net income | ' | ' | ' | ' | ' | ' | ' | ' | 149,000,000 | 69,400,000 | 103,600,000 |
Less: Net income attributable to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Net income attributable to Aramark stockholders | ' | ' | ' | ' | ' | ' | ' | ' | 149,000,000 | 69,400,000 | 103,600,000 |
Other comprehensive income (loss), net of tax | ' | ' | ' | ' | ' | ' | ' | ' | -47,100,000 | 14,500,000 | 3,600,000 |
Comprehensive income attributable to Aramark stockholders | ' | ' | ' | ' | ' | ' | ' | ' | 101,900,000 | 83,900,000 | 107,200,000 |
Aramark Services, Inc. (Issuer) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales | ' | ' | ' | ' | ' | ' | ' | ' | 1,047,400,000 | 1,034,000,000 | 1,025,200,000 |
Costs and Expenses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cost of services provided | ' | ' | ' | ' | ' | ' | ' | ' | 929,100,000 | 996,600,000 | 962,000,000 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 13,700,000 | 21,000,000 | 19,200,000 |
Selling and general corporate expenses | ' | ' | ' | ' | ' | ' | ' | ' | 216,600,000 | 82,500,000 | 58,500,000 |
Interest and other financing costs, net | ' | ' | ' | ' | ' | ' | ' | ' | 302,900,000 | 342,400,000 | 364,000,000 |
Expense allocations | ' | ' | ' | ' | ' | ' | ' | ' | -376,900,000 | -362,800,000 | -353,100,000 |
Cost of Services | ' | ' | ' | ' | ' | ' | ' | ' | 1,085,400,000 | 1,079,700,000 | 1,050,600,000 |
Income from Continuing Operations Before Income Taxes | ' | ' | ' | ' | ' | ' | ' | ' | -38,000,000 | -45,700,000 | -25,400,000 |
Provision (Benefit) for Income Taxes | ' | ' | ' | ' | ' | ' | ' | ' | -15,600,000 | -31,900,000 | -9,200,000 |
Equity in Net Income of Subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Income from Continuing Operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | -13,800,000 | -16,200,000 |
Income (loss) from Discontinued Operations, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 |
Net income | ' | ' | ' | ' | ' | ' | ' | ' | -22,400,000 | -13,800,000 | -16,200,000 |
Less: Net income attributable to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Net income attributable to Aramark stockholders | ' | ' | ' | ' | ' | ' | ' | ' | -22,400,000 | -13,800,000 | -16,200,000 |
Other comprehensive income (loss), net of tax | ' | ' | ' | ' | ' | ' | ' | ' | 12,100,000 | 34,800,000 | 32,900,000 |
Comprehensive income attributable to Aramark stockholders | ' | ' | ' | ' | ' | ' | ' | ' | -10,300,000 | 21,000,000 | 16,700,000 |
Guarantors [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales | ' | ' | ' | ' | ' | ' | ' | ' | 9,544,700,000 | 8,792,800,000 | 8,427,600,000 |
Costs and Expenses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cost of services provided | ' | ' | ' | ' | ' | ' | ' | ' | 8,506,400,000 | 7,811,800,000 | 7,478,400,000 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 412,100,000 | 418,900,000 | 403,800,000 |
Selling and general corporate expenses | ' | ' | ' | ' | ' | ' | ' | ' | 139,200,000 | 125,700,000 | 123,000,000 |
Interest and other financing costs, net | ' | ' | ' | ' | ' | ' | ' | ' | -1,200,000 | -2,700,000 | -400,000 |
Expense allocations | ' | ' | ' | ' | ' | ' | ' | ' | 342,300,000 | 326,100,000 | 316,000,000 |
Cost of Services | ' | ' | ' | ' | ' | ' | ' | ' | 9,398,800,000 | 8,679,800,000 | 8,320,800,000 |
Income from Continuing Operations Before Income Taxes | ' | ' | ' | ' | ' | ' | ' | ' | 145,900,000 | 113,000,000 | 106,800,000 |
Provision (Benefit) for Income Taxes | ' | ' | ' | ' | ' | ' | ' | ' | 62,900,000 | 52,300,000 | 30,400,000 |
Equity in Net Income of Subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Income from Continuing Operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | 60,700,000 | 76,400,000 |
Income (loss) from Discontinued Operations, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,000,000 | 300,000 |
Net income | ' | ' | ' | ' | ' | ' | ' | ' | 83,000,000 | 59,700,000 | 76,700,000 |
Less: Net income attributable to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | 500,000 | 800,000 | 1,100,000 |
Net income attributable to Aramark stockholders | ' | ' | ' | ' | ' | ' | ' | ' | 82,500,000 | 58,900,000 | 75,600,000 |
Other comprehensive income (loss), net of tax | ' | ' | ' | ' | ' | ' | ' | ' | -600,000 | 600,000 | 2,300,000 |
Comprehensive income attributable to Aramark stockholders | ' | ' | ' | ' | ' | ' | ' | ' | 81,900,000 | 59,500,000 | 77,900,000 |
Non Guarantors [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales | ' | ' | ' | ' | ' | ' | ' | ' | 4,240,800,000 | 4,118,800,000 | 4,052,600,000 |
Costs and Expenses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cost of services provided | ' | ' | ' | ' | ' | ' | ' | ' | 3,928,400,000 | 3,852,800,000 | 3,751,100,000 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 95,800,000 | 102,200,000 | 106,200,000 |
Selling and general corporate expenses | ' | ' | ' | ' | ' | ' | ' | ' | 19,200,000 | 18,800,000 | 21,000,000 |
Interest and other financing costs, net | ' | ' | ' | ' | ' | ' | ' | ' | 33,200,000 | 33,100,000 | 38,200,000 |
Expense allocations | ' | ' | ' | ' | ' | ' | ' | ' | 42,400,000 | 36,700,000 | 37,100,000 |
Cost of Services | ' | ' | ' | ' | ' | ' | ' | ' | 4,119,000,000 | 4,043,600,000 | 3,953,600,000 |
Income from Continuing Operations Before Income Taxes | ' | ' | ' | ' | ' | ' | ' | ' | 121,800,000 | 75,200,000 | 99,000,000 |
Provision (Benefit) for Income Taxes | ' | ' | ' | ' | ' | ' | ' | ' | 32,900,000 | 18,000,000 | 17,700,000 |
Equity in Net Income of Subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Income from Continuing Operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | 57,200,000 | 81,300,000 |
Income (loss) from Discontinued Operations, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 |
Net income | ' | ' | ' | ' | ' | ' | ' | ' | 88,900,000 | 57,200,000 | 81,300,000 |
Less: Net income attributable to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 200,000 | 2,500,000 |
Net income attributable to Aramark stockholders | ' | ' | ' | ' | ' | ' | ' | ' | 88,900,000 | 57,000,000 | 78,800,000 |
Other comprehensive income (loss), net of tax | ' | ' | ' | ' | ' | ' | ' | ' | -82,600,000 | -19,200,000 | -28,400,000 |
Comprehensive income attributable to Aramark stockholders | ' | ' | ' | ' | ' | ' | ' | ' | 6,300,000 | 37,800,000 | 50,400,000 |
Eliminations [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Costs and Expenses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cost of services provided | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Selling and general corporate expenses | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Interest and other financing costs, net | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Expense allocations | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Cost of Services | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Income from Continuing Operations Before Income Taxes | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Provision (Benefit) for Income Taxes | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Equity in Net Income of Subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | -149,000,000 | -102,100,000 | -138,200,000 |
Income from Continuing Operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | -102,100,000 | -138,200,000 |
Income (loss) from Discontinued Operations, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 |
Net income | ' | ' | ' | ' | ' | ' | ' | ' | -149,000,000 | -102,100,000 | -138,200,000 |
Less: Net income attributable to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Net income attributable to Aramark stockholders | ' | ' | ' | ' | ' | ' | ' | ' | -149,000,000 | -102,100,000 | -138,200,000 |
Other comprehensive income (loss), net of tax | ' | ' | ' | ' | ' | ' | ' | ' | 71,100,000 | -16,200,000 | -6,800,000 |
Comprehensive income attributable to Aramark stockholders | ' | ' | ' | ' | ' | ' | ' | ' | ($77,900,000) | ($118,300,000) | ($145,000,000) |
Condensed_Consolidating_Financ5
Condensed Consolidating Financial Statements of ARAMARK and Subsidiaries - Condensed Consolidating Statements of Cash Flow (Details) (USD $) | 12 Months Ended | ||
Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 | |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' |
Net cash provided by operating activities | $398,159,000 | $695,907,000 | $691,761,000 |
Cash flows from investing activities: | ' | ' | ' |
Purchases of property and equipment, client contract investments and other | -545,194,000 | -392,932,000 | -354,542,000 |
Disposals of property and equipment | 28,494,000 | 11,298,000 | 11,666,000 |
Proceeds from divestitures | 24,000,000 | 919,000 | 6,479,000 |
Acquisitions of businesses, net of cash acquired | -21,400,000 | -22,600,000 | -151,800,000 |
Other investing activities | 8,934,000 | 17,893,000 | 6,568,000 |
Net cash used in investing activities | -505,222,000 | -385,388,000 | -481,576,000 |
Cash flows from financing activities: | ' | ' | ' |
Proceeds from long-term borrowings | 1,570,818,000 | 3,080,464,000 | 3,449,000 |
Payments of long-term borrowings | -1,978,606,000 | -3,314,853,000 | -288,940,000 |
Net change in funding under the Receivables Facility | 50,000,000 | 36,200,000 | 37,895,000 |
Payments of dividends | -52,186,000 | 0 | 0 |
Proceeds from initial public offering, net | 524,081,000 | 0 | 0 |
Proceeds from issuance of common stock | 4,408,000 | 5,597,000 | 11,258,000 |
Repurchase of common stock | -4,730,000 | -42,399,000 | -37,704,000 |
Distribution in connection with spin-off of Seamless | 0 | -47,352,000 | 0 |
Other financing activities | -6,030,000 | -53,926,000 | -12,785,000 |
Change in intercompany, net | 0 | 0 | 0 |
Net cash provided by (used in) financing activities | 107,755,000 | -336,269,000 | -286,827,000 |
Increase (decrease) in cash and cash equivalents | 692,000 | -25,750,000 | -76,642,000 |
Cash and cash equivalents, beginning of period | 110,998,000 | 136,748,000 | 213,390,000 |
Cash and cash equivalents, end of period | 111,690,000 | 110,998,000 | 136,748,000 |
ARAMARK [Member] | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' |
Net cash provided by operating activities | 500,000 | 599,900,000 | 0 |
Cash flows from investing activities: | ' | ' | ' |
Purchases of property and equipment, client contract investments and other | 0 | 0 | 0 |
Disposals of property and equipment | 0 | 0 | 0 |
Proceeds from divestitures | 0 | 0 | 0 |
Acquisitions of businesses, net of cash acquired | 0 | 0 | 0 |
Other investing activities | 0 | 0 | 0 |
Net cash used in investing activities | 0 | 0 | 0 |
Cash flows from financing activities: | ' | ' | ' |
Proceeds from long-term borrowings | 0 | 0 | 0 |
Payments of long-term borrowings | 0 | -600,000,000 | 0 |
Net change in funding under the Receivables Facility | 0 | 0 | 0 |
Payments of dividends | 0 | ' | ' |
Proceeds from initial public offering, net | 524,100,000 | ' | ' |
Proceeds from issuance of common stock | 0 | 0 | 0 |
Repurchase of common stock | 0 | 0 | 0 |
Distribution in connection with spin-off of Seamless | ' | 0 | ' |
Other financing activities | 0 | 0 | 0 |
Change in intercompany, net | -524,600,000 | 0 | 0 |
Net cash provided by (used in) financing activities | -500,000 | -600,000,000 | 0 |
Increase (decrease) in cash and cash equivalents | 0 | -100,000 | 0 |
Cash and cash equivalents, beginning of period | 0 | 100,000 | 100,000 |
Cash and cash equivalents, end of period | 0 | 0 | 100,000 |
Guarantors [Member] | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' |
Net cash provided by operating activities | 470,500,000 | 585,500,000 | 532,500,000 |
Cash flows from investing activities: | ' | ' | ' |
Purchases of property and equipment, client contract investments and other | -456,700,000 | -292,400,000 | -262,000,000 |
Disposals of property and equipment | 6,200,000 | 5,400,000 | 5,200,000 |
Proceeds from divestitures | 24,000,000 | 900,000 | 6,500,000 |
Acquisitions of businesses, net of cash acquired | -13,200,000 | -22,600,000 | -139,900,000 |
Other investing activities | 14,000,000 | 27,400,000 | 3,600,000 |
Net cash used in investing activities | -425,700,000 | -281,300,000 | -386,600,000 |
Cash flows from financing activities: | ' | ' | ' |
Proceeds from long-term borrowings | 0 | 0 | 200,000 |
Payments of long-term borrowings | -14,500,000 | -13,700,000 | -12,900,000 |
Net change in funding under the Receivables Facility | 0 | 0 | 0 |
Payments of dividends | 0 | ' | ' |
Proceeds from initial public offering, net | 0 | ' | ' |
Proceeds from issuance of common stock | 0 | 0 | 0 |
Repurchase of common stock | 0 | 0 | 0 |
Distribution in connection with spin-off of Seamless | ' | 0 | ' |
Other financing activities | -6,400,000 | -2,700,000 | -3,800,000 |
Change in intercompany, net | -22,800,000 | -289,000,000 | -119,400,000 |
Net cash provided by (used in) financing activities | -43,700,000 | -305,400,000 | -135,900,000 |
Increase (decrease) in cash and cash equivalents | 1,100,000 | -1,200,000 | 10,000,000 |
Cash and cash equivalents, beginning of period | 40,500,000 | 41,700,000 | 31,700,000 |
Cash and cash equivalents, end of period | 41,600,000 | 40,500,000 | 41,700,000 |
Non Guarantors [Member] | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' |
Net cash provided by operating activities | -105,400,000 | 64,000,000 | 178,700,000 |
Cash flows from investing activities: | ' | ' | ' |
Purchases of property and equipment, client contract investments and other | -68,300,000 | -86,200,000 | -80,900,000 |
Disposals of property and equipment | 13,900,000 | 5,900,000 | 5,800,000 |
Proceeds from divestitures | 0 | 0 | 0 |
Acquisitions of businesses, net of cash acquired | -8,200,000 | 0 | -11,900,000 |
Other investing activities | -5,400,000 | -8,100,000 | 1,700,000 |
Net cash used in investing activities | -68,000,000 | -88,400,000 | -85,300,000 |
Cash flows from financing activities: | ' | ' | ' |
Proceeds from long-term borrowings | 277,100,000 | 9,100,000 | 3,200,000 |
Payments of long-term borrowings | -86,700,000 | -180,000,000 | -25,300,000 |
Net change in funding under the Receivables Facility | 50,000,000 | 36,200,000 | 37,900,000 |
Payments of dividends | 0 | ' | ' |
Proceeds from initial public offering, net | 0 | ' | ' |
Proceeds from issuance of common stock | 0 | 0 | 0 |
Repurchase of common stock | 0 | 0 | 0 |
Distribution in connection with spin-off of Seamless | ' | 0 | ' |
Other financing activities | -4,000,000 | -900,000 | -2,800,000 |
Change in intercompany, net | -66,700,000 | 139,900,000 | -83,000,000 |
Net cash provided by (used in) financing activities | 169,700,000 | 4,300,000 | -70,000,000 |
Increase (decrease) in cash and cash equivalents | -3,700,000 | -20,100,000 | 23,400,000 |
Cash and cash equivalents, beginning of period | 47,500,000 | 67,600,000 | 44,200,000 |
Cash and cash equivalents, end of period | 43,800,000 | 47,500,000 | 67,600,000 |
Eliminations [Member] | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' |
Net cash provided by operating activities | -33,100,000 | -651,200,000 | -81,700,000 |
Cash flows from investing activities: | ' | ' | ' |
Purchases of property and equipment, client contract investments and other | 0 | 0 | 0 |
Disposals of property and equipment | 0 | 0 | 0 |
Proceeds from divestitures | 0 | 0 | 0 |
Acquisitions of businesses, net of cash acquired | 0 | 0 | 0 |
Other investing activities | 0 | 0 | 0 |
Net cash used in investing activities | 0 | 0 | 0 |
Cash flows from financing activities: | ' | ' | ' |
Proceeds from long-term borrowings | 0 | 0 | 0 |
Payments of long-term borrowings | 0 | 0 | 0 |
Net change in funding under the Receivables Facility | 0 | 0 | 0 |
Payments of dividends | 0 | ' | ' |
Proceeds from initial public offering, net | 0 | ' | ' |
Proceeds from issuance of common stock | 0 | 0 | 0 |
Repurchase of common stock | 0 | 0 | 0 |
Distribution in connection with spin-off of Seamless | ' | 0 | ' |
Other financing activities | 0 | 0 | 0 |
Change in intercompany, net | 33,100,000 | 651,200,000 | 81,700,000 |
Net cash provided by (used in) financing activities | 33,100,000 | 651,200,000 | 81,700,000 |
Increase (decrease) in cash and cash equivalents | 0 | 0 | 0 |
Cash and cash equivalents, beginning of period | 0 | 0 | 0 |
Cash and cash equivalents, end of period | 0 | 0 | 0 |
Aramark Services, Inc. (Issuer) | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' |
Net cash provided by operating activities | 65,600,000 | 97,700,000 | 62,200,000 |
Cash flows from investing activities: | ' | ' | ' |
Purchases of property and equipment, client contract investments and other | -20,200,000 | -14,300,000 | -11,700,000 |
Disposals of property and equipment | 8,400,000 | 0 | 700,000 |
Proceeds from divestitures | 0 | 0 | 0 |
Acquisitions of businesses, net of cash acquired | 0 | 0 | 0 |
Other investing activities | 300,000 | -1,400,000 | 1,300,000 |
Net cash used in investing activities | -11,500,000 | -15,700,000 | -9,700,000 |
Cash flows from financing activities: | ' | ' | ' |
Proceeds from long-term borrowings | 1,293,700,000 | 3,071,400,000 | 0 |
Payments of long-term borrowings | -1,877,400,000 | -2,521,200,000 | -250,700,000 |
Net change in funding under the Receivables Facility | 0 | 0 | 0 |
Payments of dividends | -52,200,000 | ' | ' |
Proceeds from initial public offering, net | 0 | ' | ' |
Proceeds from issuance of common stock | 4,400,000 | 5,600,000 | 11,300,000 |
Repurchase of common stock | -4,700,000 | -42,400,000 | -37,700,000 |
Distribution in connection with spin-off of Seamless | ' | -47,400,000 | ' |
Other financing activities | 4,400,000 | -50,300,000 | -6,100,000 |
Change in intercompany, net | 581,000,000 | -502,100,000 | 120,700,000 |
Net cash provided by (used in) financing activities | -50,800,000 | -86,400,000 | -162,500,000 |
Increase (decrease) in cash and cash equivalents | 3,300,000 | -4,400,000 | -110,000,000 |
Cash and cash equivalents, beginning of period | 23,000,000 | 27,400,000 | 137,400,000 |
Cash and cash equivalents, end of period | $26,300,000 | $23,000,000 | $27,400,000 |
Schedule_II_Valuation_and_Qual1
Schedule II - Valuation and Qualifying Accounts and Reserves (Details) (Reserve for Doubtful Accounts, Advances and Current Notes Receivable [Member], USD $) | 12 Months Ended | |||||
In Thousands, unless otherwise specified | Oct. 03, 2014 | Sep. 27, 2013 | Sep. 28, 2012 | |||
Reserve for Doubtful Accounts, Advances and Current Notes Receivable [Member] | ' | ' | ' | |||
Movement in Valuation Allowances and Reserves [Roll Forward] | ' | ' | ' | |||
Balance, Beginning of Period | $34,676 | $41,212 | $32,963 | |||
Additions, Charged to Income | 15,037 | 11,297 | 26,718 | |||
Reductions, Deductions from Reserves | 12,332 | [1] | 17,833 | [1] | 18,469 | [1] |
Balance, End of Period | $37,381 | $34,676 | $41,212 | |||
[1] | Amounts determined not to be collectible and charged against the reserve and translation. |