Ingles Markets (IMKTA) 10-Q 5 Feb 15 2015 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Dec. 27, 2014	Feb. 03, 2015
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	27-Dec-14
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Trading Symbol	IMKTA
Entity Registrant Name	INGLES MARKETS INC
Entity Central Index Key	50493
Current Fiscal Year End Date	-17
Entity Filer Category	Accelerated Filer
Class A Common Stock [Member]
Entity Common Stock, Shares Outstanding		13,554,259
Class B Common Stock [Member]
Entity Common Stock, Shares Outstanding		6,705,518

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Dec. 27, 2014	Sep. 27, 2014
Current Assets:
Cash and cash equivalents	$6,257,103	$8,613,628
Receivables - Net	72,112,411	60,991,062
Inventories	338,320,755	329,523,604
Other	16,213,256	14,789,004
Total Current Assets	432,903,525	413,917,298
Property and Equipment - Net	1,218,215,254	1,218,607,029
Other Assets	24,465,182	24,427,237
Total Assets	1,675,583,961	1,656,951,564
Current Liabilities:
Current portion of long-term debt	13,897,432	12,488,400
Accounts payable - trade	152,465,421	167,314,891
Accrued expenses and current portion of other long-term liabilities	53,750,568	70,944,728
Total Current Liabilities	220,113,421	250,748,019
Deferred Income Taxes	75,037,000	70,040,000
Long-Term Debt	956,482,702	924,771,343
Other Long-Term Liabilities	29,553,405	28,790,035
Total Liabilities	1,281,186,528	1,274,349,397
Stockholders’ Equity
Preferred stock, $0.05 par value; 10,000,000 shares authorized; no shares issued
Common stocks:
Paid-in capital in excess of par value	12,311,249	12,311,249
Retained earnings	381,073,195	369,277,929
Total Stockholders’ Equity	394,397,433	382,602,167
Total Liabilities and Stockholders’ Equity	1,675,583,961	1,656,951,564
Class A Common Stock [Member]
Common stocks:
Common stock, value	677,672	677,017
Total Stockholders’ Equity	677,672	677,017
Class B Common Stock [Member]
Common stocks:
Common stock, value	335,317	335,972
Total Stockholders’ Equity	$335,317	$335,972

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Dec. 27, 2014	Sep. 27, 2014
Preferred stock, par value	$0.05	$0.05
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Class A Common Stock [Member]
Common stock, par value	$0.05	$0.05
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	13,553,433	13,540,333
Common stock, shares outstanding	13,553,433	13,540,333
Class B Common Stock [Member]
Common stock, par value	$0.05	$0.05
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	6,706,343	6,719,443
Common stock, shares outstanding	6,706,343	6,719,443

Condensed_Consolidated_Stateme

Condensed Consolidated Statements Of Income (USD $)	3 Months Ended
	Dec. 27, 2014	Dec. 28, 2013
Net sales	$964,496,835	$945,124,870
Cost of goods sold	740,104,278	741,619,203
Gross profit	224,392,557	203,505,667
Operating and administrative expenses	186,978,851	177,430,181
Gain from sale or disposal of assets	117,781	124,873
Income from operations	37,531,487	26,200,359
Other income, net	562,760	840,001
Interest expense	12,022,909	11,782,231
Income before income taxes	26,071,338	15,258,129
Income tax expense	11,033,000	5,725,000
Net income	$15,038,338	$9,533,129
Class A Common Stock [Member]
Per share amounts:
Basic earnings per common share	$0.77	$0.44
Diluted earnings per common share	$0.74	$0.42
Cash dividends per common share:
Common Stock	$0.17	$0.17
Class B Common Stock [Member]
Per share amounts:
Basic earnings per common share	$0.70	$0.40
Diluted earnings per common share	$0.70	$0.40
Cash dividends per common share:
Common Stock	$0.15	$0.15

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements Of Changes In Stockholders' Equity (USD $)	Class A Common Stock [Member]	Class B Common Stock [Member]	Paid-In Capital In Excess Of Par Value [Member]	Retained Earnings [Member]	Total
Balance at Sep. 28, 2013	$671,899	$466,090	$77,186,249	$332,315,037	$410,639,275
Balance (in shares) at Sep. 28, 2013	13,437,975	9,321,801
Net income				9,533,129	9,533,129
Cash dividends				-3,615,547	-3,615,547
Common stock conversions	133	-133
Common stock conversions (in shares)	2,662	-2,662
Balance at Dec. 28, 2013	672,032	465,957	77,186,249	338,232,619	416,556,857
Balance (in shares) at Dec. 28, 2013	13,440,637	9,319,139
Balance at Sep. 27, 2014	677,017	335,972	12,311,249	369,277,929	382,602,167
Balance (in shares) at Sep. 27, 2014	13,540,333	6,719,443
Net income				15,038,338	15,038,338
Cash dividends				-3,243,072	-3,243,072
Common stock conversions	655	-655
Common stock conversions (in shares)	13,100	-13,100
Balance at Dec. 27, 2014	$677,672	$335,317	$12,311,249	$381,073,195	$394,397,433
Balance (in shares) at Dec. 27, 2014	13,553,433	6,706,343

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements Of Cash Flows (USD $)	3 Months Ended
	Dec. 27, 2014	Dec. 28, 2013
Cash Flows from Operating Activities:
Net income	$15,038,338	$9,533,129
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	25,298,752	23,925,202
Gain from sale or disposal of assets	-117,781	-124,873
Receipt of advance payments on purchase contracts	1,095,220	750,000
Recognition of advance payments on purchase contracts	-962,065	-816,011
Deferred income taxes	4,997,000	-1,616,000
Changes in operating assets and liabilities:
Receivables	-10,751,029	-585,427
Inventory	-8,797,151	-5,357,968
Other assets	-997,523	5,129,577
Accounts payable and accrued expenses	-29,632,041	-21,311,417
Net Cash (Used) Provided by Operating Activities	-4,828,280	9,526,212
Cash Flows from Investing Activities:
Proceeds from sales of property and equipment	168,024	130,119
Capital expenditures	-27,573,589	-30,839,703
Net Cash Used by Investing Activities	-27,405,565	-30,709,584
Cash Flows from Financing Activities:
Proceeds from short-term borrowings	233,849,691	161,841,378
Payments on short-term borrowings	-198,759,741	-147,406,112
Principal payments on long-term borrowings	-1,969,558	-1,854,428
Dividends paid	-3,243,072	-3,615,547
Net Cash Provided by Financing Activities	29,877,320	8,965,291
Net Decrease in Cash and Cash Equivalents	-2,356,525	-12,218,081
Cash and Cash Equivalents at Beginning of Period	8,613,628	16,844,007
Cash and Cash Equivalents at End of Period	$6,257,103	$4,625,926

Basis_Of_Preparation

Basis Of Preparation	3 Months Ended
	Dec. 27, 2014
Basis Of Preparation [Abstract]
Basis Of Preparation	A. BASIS OF PREPARATION
	In the opinion of management, the accompanying unaudited interim financial statements contain all adjustments necessary to present fairly the Company’s financial position as of December 27, 2014, and the results of operations, changes in stockholders’ equity and cash flows for the three months ended December 27, 2014 and December 28, 2013. The adjustments made are of a normal recurring nature. Certain information and footnote disclosures normally included in the annual financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission for Form 10-Q. It is suggested that these unaudited interim financial statements be read in conjunction with the audited financial statements and the notes thereto included in the Annual Report on Form 10-K for the year ended September 27,  2014, filed by the Company under the Securities Exchange Act of 1934 on December 16, 2014.
	The results of operations for the three-month period ended December 27, 2014 are not necessarily indicative of the results to be expected for the full fiscal year.

New_Accounting_Pronouncements

New Accounting Pronouncements	3 Months Ended
	Dec. 27, 2014
New Accounting Pronouncements [Abstract]
New Accounting Pronouncements	B. NEW ACCOUNTING PRONOUNCEMENTS
	There were no new accounting standards adopted in the three-month period ended December 27, 2014.

Allowance_For_Doubtful_Account

Allowance For Doubtful Accounts	3 Months Ended
	Dec. 27, 2014
Allowance For Doubtful Accounts [Abstract]
Allowance For Doubtful Accounts	C. ALLOWANCE FOR DOUBTFUL ACCOUNTS
	Receivables are presented net of an allowance for doubtful accounts of $387,000 at December 27, 2014 and $307,000 at September 27, 2014, respectively.

Income_Taxes

Income Taxes	3 Months Ended
	Dec. 27, 2014
Income Taxes [Abstract]
Income Taxes	D. INCOME TAXES
	The Company’s continuing practice is to recognize interest and penalties related to uncertain tax positions and related matters in income tax expense. As of December 27, 2014, the Company had approximately $57,000 accrued for interest and penalties.
	The Company’s effective tax rate differs from the federal statutory rate primarily as a result of state income taxes and tax credits.  As of December 27, 2014, the Company had gross unrecognized tax benefits of approximately $158,000, all of which, if recognized, would affect the effective tax rate.  The Company does not expect that the total amounts of unrecognized tax benefits will significantly increase or decrease within the next twelve months.
	The Company files income tax returns with federal and various state jurisdictions.  With few exceptions, the Company is no longer subject to federal and state income tax examinations by tax authorities for the years before 2011.
	The Company had approximately $1.2 million of refundable income taxes included in the caption “Other current assets” in the Condensed Consolidated Balance Sheets at September 27, 2014.
	On September 13, 2013, the IRS released final tangible property regulations under Sections 162(a) and 263(a) of the Internal Revenue Code regarding the deduction and capitalization of expenditures related to tangible property as well as dispositions of tangible property.  These regulations will be effective for the Company’s fiscal year ending September 26, 2015.  Taxpayers may elect to apply them to tax years beginning on or after January 1, 2012.  The Company has determined that the regulations will not have a material impact on the Company’s consolidated results of operations, cash flows or financial position.

Accrued_Expenses_And_Current_P

Accrued Expenses And Current Portion Of Other Long-Term Liabilities	3 Months Ended
	Dec. 27, 2014
Accrued Expenses And Current Portion Of Other Long-Term Liabilities [Abstract]
Accrued Expenses And Current Portion Of Other Long-Term Liabilities	E. ACCRUED EXPENSES AND CURRENT PORTION OF OTHER LONG-TERM LIABILITIES
	Accrued expenses and current portion of other long-term liabilities consist of the following:
		December 27,		September 27,
		2014		2014
	Property, payroll and other taxes payable	$	11,029,396	$	16,469,128
	Salaries, wages and bonuses payable		22,420,578		25,514,842
	Self-insurance liabilities		12,898,887		12,934,920
	Interest payable		2,753,778		12,676,648
	Other		4,647,929		3,349,190
		$	53,750,568	$	70,944,728
	Self-insurance liabilities are established for general liability claims, workers’ compensation and employee group medical and dental benefits based on claims filed and estimates of claims incurred but not reported. The Company is insured for covered costs in excess of $750,000 per occurrence for workers’ compensation, $500,000 for general liability and $325,000 per covered person for medical care benefits for a policy year. At December 27, 2014 the Company’s self-insurance reserves totaled $30.2 million.  Of this amount, $12.9 million is accounted for as a current liability and $17.3 million as a long-term liability. Employee insurance expense, including workers’ compensation and medical care benefits, net of employee contributions, totaled $7.6 million and $6.2 million for the three-month periods ended December 27, 2014 and December 28, 2013, respectively.

LongTerm_Debt

Long-Term Debt	3 Months Ended
	Dec. 27, 2014
Long-Term Debt [Abstract]
Long-Term Debt	F. LONG-TERM DEBT
	In June 2013, the Company issued $700.0 million aggregate principal amount of senior notes due in 2023 (the “Notes”) in a private placement.  The Notes bear an interest rate of 5.750% per annum and were issued at par. Note proceeds were used to repay $575.0 million aggregate principal amount of senior notes maturing in 2017,  $52.0 million of indebtedness outstanding under the Company’s line of credit, and to pay costs related to the offering of the Notes.  Remaining Note proceeds were used for general corporate purposes, including capital expenditures.
	The Company filed a registration statement with the Securities and Exchange Commission and completed the exchange of private placement notes with registered notes.
	The Company may redeem all or a portion of the Notes at any time on or after June 15, 2018 at the following redemption prices (expressed as percentages of the principal amount), if redeemed during the 12-month period beginning June 15 of the years indicated below:
	Year
	2018	102.88%
	2019	101.92%
	2020	100.96%
	2021 and thereafter	100.00%
	In connection with the offering of the Notes, the Company extended the maturity date of its $175.0 million line of credit from December 29, 2015 to June 12, 2018 and modified certain interest rate options and covenants.  At December 27, 2014, the Company had $65.0 million of borrowings outstanding under the line of credit.
	The line of credit provides the Company with various interest rate options based on the prime rate, the Federal Funds Rate, or the London Interbank Offering Rate (“LIBOR”). The line allows the Company to issue up to $30.0 million in unused letters of credit, of which $11.5 million of unused letters of credit were issued at December 27, 2014.  The Company is not required to maintain compensating balances in connection with the line of credit.
	On December 29, 2010, the Company completed the funding of $99.7 million of bonds for construction of new warehouse and distribution space adjacent to its existing space in Buncombe County , North Carolina (the “Project”).  The final maturity date of the bonds is January 1, 2036.
	The bonds were issued by the Buncombe County Industrial Facilities and Pollution Control Financing Authority and were purchased by certain financial institutions.  Under a Continuing Covenant and Collateral Agency Agreement (the “Covenant Agreement”) between the financial institutions and the Company, the financial institutions would hold the bonds until January 2, 2018, subject to certain events.   Mandatory redemption of the bonds by the Company in the annual amount of $4,530,000 began on January 1, 2014.
	In connection with the offering of the Notes, the Company extended the maturity date of the Covenant Agreement from January 2, 2018 to June 30, 2021 and modified certain interest rate options and covenants. The Company may redeem the bonds without penalty or premium at any time prior to June 30, 2021.
	Interest earned by bondholders on the bonds is exempt from Federal and North Carolina income taxation.  The interest rate on the bonds is equal to one month LIBOR (adjusted monthly) plus a credit spread, adjusted to reflect the income tax exemption.
	The Company’s obligation to repay the Bonds is collateralized by the Project.  Additional collateral was required in order to meet certain loan to value criteria in the Covenant Agreement.  The Covenant Agreement incorporates substantially all financial covenants included in the line of credit.
	The Notes, the bonds and the line of credit contain provisions that under certain circumstances would permit lending institutions to terminate or withdraw their respective extensions of credit to the Company. Included among the triggering factors permitting the termination or withdrawal of the line of credit to the Company are certain events of default, including both monetary and non-monetary defaults, the initiation of bankruptcy or insolvency proceedings, and the failure of the Company to meet certain financial covenants designated in its respective loan documents. The Company was in compliance with all financial covenants at December 27, 2014.
	The Company’s long-term debt agreements generally have cross-default provisions which could result in the acceleration of payments due under the Company’s line of credit, bonds and Notes indenture in the event of default under any one instrument.

Dividends

Dividends	3 Months Ended
	Dec. 27, 2014
Dividends [Abstract]
Dividends	G. DIVIDENDS
	The Company paid cash dividends of $0.165 for each share of Class A Common Stock and $0.15 for each share of Class B Common Stock on October 23, 2014 to stockholders of record on October 9, 2014.
	For additional information regarding the dividend rights of the Class A Common Stock and Class B Common Stock, please see Note 8, “Stockholders’ Equity” to the Consolidated Financial Statements of the Annual Report on Form 10-K filed by the Company under the Securities Exchange Act of 1934 on December 16, 2014.

Earnings_Per_Common_Share

Earnings Per Common Share	3 Months Ended
	Dec. 27, 2014
Earnings Per Common Share [Abstract]
Earnings Per Common Share	H. EARNINGS PER COMMON SHARE
	The Company has two classes of common stock:  Class A which is publicly traded, and Class B, which has no public market.  The Class B Common Stock has restrictions on transfer; however, each share is convertible into one share of Class A Common Stock at any time.  Each share of Class A Common Stock has one vote per share and each share of Class B Common Stock has ten votes per share.  Each share of Class A Common Stock is entitled to receive cash dividends equal to 110% of any cash dividend paid on Class B Common Stock.
	The Company calculates earnings per share using the two-class method in accordance with FASB ASC Topic 260.
	The two-class method of computing basic earnings per share for each period reflects the cash dividends declared per share for each class of stock, plus allocated undistributed earnings per share computed using the participation percentage which reflects the dividend rights of each class of stock.  Diluted earnings per share is calculated assuming the conversion of all shares of Class B Common Stock to shares of Class A Common Stock on a share-for-share basis.   The tables below reconcile the numerators and denominators of basic and diluted earnings per share for current and prior periods.
		Three Months Ended				Three Months Ended
		27-Dec-14				28-Dec-13
		Class A		Class B		Class A		Class B
	Numerator: Allocated net income
	Net income allocated, basic	$	10,363,890	$	4,674,448	$	5,846,794	$	3,686,335
	Conversion of Class B to Class A shares		4,674,448		—		3,686,335		—
	Net income allocated, diluted	$	15,038,338	$	4,674,448	$	9,533,129	$	3,686,335
	Denominator: Weighted average shares outstanding
	Weighted average shares outstanding, basic		13,542,924		6,716,852		13,439,523		9,320,253
	Conversion of Class B to Class A shares		6,716,852		—		9,320,253		—
	Weighted average shares outstanding, diluted		20,259,776		6,716,852		22,759,776		9,320,253
	Earnings per share
	Basic	$	0.77	$	0.70	$	0.44	$	0.40
	Diluted	$	0.74	$	0.70	$	0.42	$	0.40

Segment_Information

Segment Information	3 Months Ended
	Dec. 27, 2014
Segment Information [Abstract]
Segment Information	I. SEGMENT INFORMATION
	The Company operates one primary business segment, retail grocery sales.   The “Other” segment includes our remaining operations - fluid dairy and shopping center rentals.  Information about the Company’s operations by lines of business (amounts in thousands) is as follows:
		Three Months Ended
		December 27,		December 28,
		2014		2013
	Revenues from unaffiliated customers:
	Grocery sales	$	926,002	$	910,087
	Other		38,495		35,038
	Total revenues from unaffiliated customers	$	964,497	$	945,125
	Income from operations:
	Grocery sales	$	34,977	$	24,165
	Other		2,555		2,035
	Total income from operations	$	37,532	$	26,200
		December 27,		September 27,
		2014		2014
	Assets:
	Grocery sales	$	1,442,300	$	1,515,055
	Other		235,578		144,667
	Elimination of intercompany receivable		-2,294		-2,770
	Total assets	$	1,675,584	$	1,656,952
	Sales by product category (amounts in thousands) are as follows:
		Three Months Ended
		December 27,		December 28,
		2014		2013
	Grocery	$	358,317	$	358,899
	Non-foods		190,147		181,874
	Perishables		239,610		226,602
	Gasoline		137,928		142,712
	Total grocery segment	$	926,002	$	910,087
	The grocery category includes grocery, dairy, and frozen foods.
	The non-foods include alcoholic beverages, tobacco, pharmacy, health and video.
	The perishables category includes meat, produce, deli and bakery.
	For the three-month periods ended December 27, 2014 and December 28, 2013, respectively, the fluid dairy operation had $14.6 million and $14.8 million in sales to the grocery sales segment. These sales have been eliminated in consolidation.

Fair_Values_Of_Financial_Instr

Fair Values Of Financial Instruments	3 Months Ended
	Dec. 27, 2014
Fair Values Of Financial Instruments [Abstract]
Fair Values Of Financial Instruments	J. FAIR VALUES OF FINANCIAL INSTRUMENTS
	The carrying amounts for cash and cash equivalents, accounts receivable and accounts payable approximate fair value due to the short-term maturity of these instruments.
	The fair value of the Company’s debt is estimated using valuation techniques under the accounting guidance related to fair value measurements based on observable and unobservable inputs.  Observable inputs reflect readily available data from independent sources, while unobservable inputs reflect the Company’s market assumptions.  These inputs are classified into the following hierarchy:
	Level 1 Inputs  –	Quoted prices for identical assets or liabilities in active markets.
	Level 2 Inputs  –	Quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable.
	Level 3 Inputs  –	Pricing inputs are unobservable for the assets or liabilities and include situations where there is little, if any, market activity for the assets or liabilities.  The inputs into the determination of fair value require significant management judgment or estimation.
	The carrying amount and fair value of the Company’s debt at December 27, 2014 is as follows (in thousands):
			Carrying				Fair Value
			Amount		Fair Value		Measurements
	Senior Notes		$	700,000	$	703,500	Level 2
	Facility Bonds			95,210		95,210	Level 2
	Real estate and equipment notes payable			110,170		110,243	Level 2
	Line of credit payable			65,000		65,000	Level 2
	Total debt		$	970,380	$	973,953
	The fair values for Level 2 measurements were determined primarily using market yields and taking into consideration the underlying terms of the debt.

Nonqualified_Investment_Plan

Nonqualified Investment Plan	3 Months Ended
	Dec. 27, 2014
Nonqualified Investment Plan [Abstract]
Nonqualified Investment Plan	K.  NONQUALIFIED INVESTMENT PLAN
	The purpose of the Executive Nonqualified Excess Plan is to provide retirement benefits similar to the Company’s Investment/Profit Sharing Plan to certain of the Company’s management employees who are otherwise subject to limited participation in the 401(k) feature of the Company’s Investment/Profit Sharing Plan.  Participant retirement account balances are liabilities of the Company.  Assets of the plan are assets of the Company and are held in trust for employees and distributed upon retirement, death, disability, in-service distributions, or other termination of employment.  In accordance with the trust, the Company may not use these assets for general corporate purposes.  During the quarters ended December 27, 2014 and December 28, 2013 the Company liquidated certain life insurance policy assets and invested the proceeds in marketable securities.  These marketable securities will be liquidated and invested in life insurance policies in future periods.  Life insurance policies and marketable securities held in the trust are included in the caption “Other assets” in the Condensed Consolidated Balance Sheets.

Subsequent_Events

Subsequent Events	3 Months Ended
	Dec. 27, 2014
Subsequent Events [Abstract]
Subsequent Events	L. SUBSEQUENT EVENTS
	We have evaluated subsequent events and transactions for potential recognition or disclosure in the financial statements through the day the financial statements were issued.

Accrued_Expenses_And_Current_P1

Accrued Expenses And Current Portion Of Other Long-Term Liabilities (Tables)	3 Months Ended
	Dec. 27, 2014
Accrued Expenses And Current Portion Of Other Long-Term Liabilities [Abstract]
Accrued Expenses and Current Portion of Other Long-Term Liabilities
		December 27,		September 27,
		2014		2014
	Property, payroll and other taxes payable	$	11,029,396	$	16,469,128
	Salaries, wages and bonuses payable		22,420,578		25,514,842
	Self-insurance liabilities		12,898,887		12,934,920
	Interest payable		2,753,778		12,676,648
	Other		4,647,929		3,349,190
		$	53,750,568	$	70,944,728

LongTerm_Debt_Tables

Long-Term Debt (Tables)	3 Months Ended
	Dec. 27, 2014
Long-Term Debt [Abstract]
Schedule Of Maturities Of Long-Term Debt
	Year
	2018	102.88%
	2019	101.92%
	2020	100.96%
	2021 and thereafter	100.00%

Earnings_Per_Common_Share_Tabl

Earnings Per Common Share (Tables)	3 Months Ended
	Dec. 27, 2014
Earnings Per Common Share [Abstract]
Reconciliation Of Numerators And Denominators Of Basic And Diluted Earnings Per Share
		Three Months Ended				Three Months Ended
		27-Dec-14				28-Dec-13
		Class A		Class B		Class A		Class B
	Numerator: Allocated net income
	Net income allocated, basic	$	10,363,890	$	4,674,448	$	5,846,794	$	3,686,335
	Conversion of Class B to Class A shares		4,674,448		—		3,686,335		—
	Net income allocated, diluted	$	15,038,338	$	4,674,448	$	9,533,129	$	3,686,335
	Denominator: Weighted average shares outstanding
	Weighted average shares outstanding, basic		13,542,924		6,716,852		13,439,523		9,320,253
	Conversion of Class B to Class A shares		6,716,852		—		9,320,253		—
	Weighted average shares outstanding, diluted		20,259,776		6,716,852		22,759,776		9,320,253
	Earnings per share
	Basic	$	0.77	$	0.70	$	0.44	$	0.40
	Diluted	$	0.74	$	0.70	$	0.42	$	0.40

Segment_Information_Tables

Segment Information (Tables)	3 Months Ended
	Dec. 27, 2014
Segment Information [Abstract]
Operations By Lines Of Business
		Three Months Ended
		December 27,		December 28,
		2014		2013
	Revenues from unaffiliated customers:
	Grocery sales	$	926,002	$	910,087
	Other		38,495		35,038
	Total revenues from unaffiliated customers	$	964,497	$	945,125
	Income from operations:
	Grocery sales	$	34,977	$	24,165
	Other		2,555		2,035
	Total income from operations	$	37,532	$	26,200
		December 27,		September 27,
		2014		2014
	Assets:
	Grocery sales	$	1,442,300	$	1,515,055
	Other		235,578		144,667
	Elimination of intercompany receivable		-2,294		-2,770
	Total assets	$	1,675,584	$	1,656,952
Sales By Product Category
		Three Months Ended
		December 27,		December 28,
		2014		2013
	Grocery	$	358,317	$	358,899
	Non-foods		190,147		181,874
	Perishables		239,610		226,602
	Gasoline		137,928		142,712
	Total grocery segment	$	926,002	$	910,087

Fair_Values_Of_Financial_Instr1

Fair Values Of Financial Instruments (Tables)	3 Months Ended
	Dec. 27, 2014
Fair Values Of Financial Instruments [Abstract]
Carrying Amount And Fair Value Of Debt
		Carrying				Fair Value
		Amount		Fair Value		Measurements
	Senior Notes	$	700,000	$	703,500	Level 2
	Facility Bonds		95,210		95,210	Level 2
	Real estate and equipment notes payable		110,170		110,243	Level 2
	Line of credit payable		65,000		65,000	Level 2
	Total debt	$	970,380	$	973,953

Allowance_For_Doubtful_Account1

Allowance For Doubtful Accounts (Details) (USD $)	Dec. 27, 2014	Sep. 27, 2014
Allowance For Doubtful Accounts [Abstract]
Allowance for doubtful accounts receivables	$387,000	$307,000

Income_Taxes_Narrative_Details

Income Taxes (Narrative) (Details) (USD $)	Dec. 27, 2014	Sep. 27, 2014
Income Taxes [Abstract]
Unrecognized tax benefits	$158,000
Refundable current income taxes		1,200,000
Interest and penalties, accrued	$57,000

Accrued_Expenses_And_Current_P2

Accrued Expenses And Current Portion Of Other Long-Term Liabilities (Narrative) (Details) (USD $)	3 Months Ended
	Dec. 27, 2014	Dec. 28, 2013
Accrued Expenses And Current Portion Of Other Long-Term Liabilities [Abstract]
Workers' compensation per occurrence covered under insurance cost	$750,000
General liability	500,000
Medical care benefits per person covered under insurance cost	325,000
Self insurance reserves	30,200,000
Employee insurance expense	7,600,000	6,200,000
Self insurance reserves, current	12,900,000
Self insurance reserves, noncurrent	$17,300,000

Accrued_Expenses_And_Current_P3

Accrued Expenses And Current Portion Of Other Long-Term Liabilities (Accrued Expenses And Current Portion Of Other Long-Term Liabilities) (Details) (USD $)	Dec. 27, 2014	Sep. 27, 2014
Accrued Expenses And Current Portion Of Other Long-Term Liabilities [Abstract]
Property, payroll, and other taxes payable	$11,029,396	$16,469,128
Salaries, wages and bonuses payable	22,420,578	25,514,842
Self-insurance liabilities	12,898,887	12,934,920
Interest payable	2,753,778	12,676,648
Other	4,647,929	3,349,190
Total	$53,750,568	$70,944,728

LongTerm_Debt_Narrative_Detail

Long-Term Debt (Narrative) (Details) (USD $)	3 Months Ended
	Dec. 27, 2014	Dec. 29, 2010
Debt Instrument [Line Items]
Maturity period of Senior note	2023
Redemption period of senior notes	redeem all or a portion of the Notes at any time on or after June 15, 2018
Amount of line of credit arrangement	$175,000,000
Final maturity date of bonds	1-Jan-36
Redemption period of bonds	1-Jan-14
Description of interest rate on bonds	interest rate on the bonds is equal to one month LIBOR (adjusted monthly) plus a credit spread
Principal amount	700,000,000
Interest rate of Senior note	5.75%
Unused letters of credit issued	11,500,000
Total amount of bonds funded		99,700,000
Annual amount of redemption of bonds	4,530,000
Repayment of line of credit	52,000,000
Redemption of senior notes, date	15-Jun-18
Maximum amount of unused letters of credit allowed to issue	30,000,000
Line of credit outstanding	65,000,000
Senior Notes Maturing 2017 [Member]
Debt Instrument [Line Items]
Maturity period of Senior note	2017
Principal amount	$575,000,000

LongTerm_Debt_Schedule_Of_Rede

Long-Term Debt (Schedule Of Redemption Prices Of Senior Notes) (Details)	3 Months Ended
	Dec. 27, 2014
Long-Term Debt [Abstract]
2018	102.88%
2019	101.92%
2020	100.96%
2021 and thereafter	100.00%

Dividends_Details

Dividends (Details) (USD $)	0 Months Ended	3 Months Ended
	Oct. 24, 2013	Dec. 27, 2014	Dec. 28, 2013
Dividends Payable [Line Items]
Dividend payment date	23-Oct-14
Dividend record date	9-Oct-14
Class A Common Stock [Member]
Dividends Payable [Line Items]
Cash dividends per share of common stock	$0.17	$0.17	$0.17
Class B Common Stock [Member]
Dividends Payable [Line Items]
Cash dividends per share of common stock	$0.15	$0.15	$0.15

Earnings_Per_Common_Share_Narr

Earnings Per Common Share (Narrative) (Details)	3 Months Ended
	Dec. 27, 2014
Earnings Per Share [Line Items]
Conversion feature for Class B Common Stock	each share is convertible into one share of Class A Common Stock at any time
Voting rights for shareholders	Each share of Class A Common Stock has one vote per share and each share of Class B Common Stock has ten votes per share
Percentage of cash dividend on Class B Common Stock entitled to receive for each share of Class A Common Stock	110.00%
Class A Common Stock [Member]
Earnings Per Share [Line Items]
Number of votes for common stock	1
Class B Common Stock [Member]
Earnings Per Share [Line Items]
Number of votes for common stock	10

Earnings_Per_Common_Share_Reco

Earnings Per Common Share (Reconciliation Of Numerators And Denominators Of Basic And Diluted Earnings Per Share) (Details) (USD $)	3 Months Ended
	Dec. 27, 2014	Dec. 28, 2013
Class A Common Stock [Member]
Schedule Of Calculation Of Numerator And Denominator In Earnings Per Share [Line Items]
Net income allocated, basic	$10,363,890	$5,846,794
Conversion of Class B to Class A shares	4,674,448	3,686,335
Net income allocated, diluted	15,038,338	9,533,129
Weighted average shares outstanding, basic	13,542,924	13,439,523
Conversion of Class B to Class A shares	6,716,852	9,320,253
Weighted average shares outstanding, diluted	20,259,776	22,759,776
Earnings per share, Basic	$0.77	$0.44
Earnings per share, Diluted	$0.74	$0.42
Class B Common Stock [Member]
Schedule Of Calculation Of Numerator And Denominator In Earnings Per Share [Line Items]
Net income allocated, basic	4,674,448	3,686,335
Net income allocated, diluted	$4,674,448	$3,686,335
Weighted average shares outstanding, basic	6,716,852	9,320,253
Weighted average shares outstanding, diluted	6,716,852	9,320,253
Earnings per share, Basic	$0.70	$0.40
Earnings per share, Diluted	$0.70	$0.40

Segment_Information_Narrative_

Segment Information (Narrative) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Dec. 27, 2014	Dec. 28, 2013
Segment Reporting Information [Line Items]
Number of segments	1
Fluid Dairy [Member]
Segment Reporting Information [Line Items]
Sales	$14.60	$14.80

Segment_Information_Operations

Segment Information (Operations By Lines Of Business) (Details) (USD $)	3 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Sep. 27, 2014
Segment Reporting Information By Segment [Line Items]
Total revenues from unaffiliated customers	$964,497,000	$945,125,000
Total income from operations	37,531,487	26,200,359
Total assets	1,675,583,961		1,656,951,564
Elimination Of Intercompany Receivable [Member]
Segment Reporting Information By Segment [Line Items]
Total assets	-2,294,000	-2,770,000
Grocery Sales [Member]
Segment Reporting Information By Segment [Line Items]
Total revenues from unaffiliated customers	926,002,000	910,087,000
Total income from operations	34,977,000	24,165,000
Total assets	1,442,300,000	1,515,055,000
Other Segment [Member]
Segment Reporting Information By Segment [Line Items]
Total revenues from unaffiliated customers	38,495,000	35,038,000
Total income from operations	2,555,000	2,035,000
Total assets	$235,578,000	$144,667,000

Segment_Information_Sales_By_P

Segment Information (Sales By Product Category) (Details) (USD $)	3 Months Ended
	Dec. 27, 2014	Dec. 28, 2013
Segment Reporting Information By Segment [Line Items]
Net sales	$964,496,835	$945,124,870
Grocery [Member]
Segment Reporting Information By Segment [Line Items]
Net sales	358,317,000	358,899,000
Non-Foods [Member]
Segment Reporting Information By Segment [Line Items]
Net sales	190,147,000	181,874,000
Perishables [Member]
Segment Reporting Information By Segment [Line Items]
Net sales	239,610,000	226,602,000
Gasoline [Member]
Segment Reporting Information By Segment [Line Items]
Net sales	137,928,000	142,712,000
Grocery Sales [Member]
Segment Reporting Information By Segment [Line Items]
Net sales	$926,002,000	$910,087,000

Fair_Values_Of_Financial_Instr2

Fair Values Of Financial Instruments (Details) (USD $)	Dec. 27, 2014
In Thousands, unless otherwise specified
Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Estimated fair value of debt	$970,380
Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Estimated fair value of debt	973,953
Level 2 [Member] | Senior Notes, Net Of Unamortized Original Issue Discount [Member] | Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Estimated fair value of debt	700,000
Level 2 [Member] | Senior Notes, Net Of Unamortized Original Issue Discount [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Estimated fair value of debt	703,500
Level 2 [Member] | Recovery Zone Facility Bonds [Member] | Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Estimated fair value of debt	95,210
Level 2 [Member] | Recovery Zone Facility Bonds [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Estimated fair value of debt	95,210
Level 2 [Member] | Real Estate And Equipment Notes Payable [Member] | Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Estimated fair value of debt	110,170
Level 2 [Member] | Real Estate And Equipment Notes Payable [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Estimated fair value of debt	110,243
Level 2 [Member] | Line Of Credit Payable [Member] | Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Estimated fair value of debt	65,000
Level 2 [Member] | Line Of Credit Payable [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Estimated fair value of debt	$65,000