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Debt (Tables)
 12 Months Ended
Sep. 28, 2019
Debt Disclosure [Abstract]  
Schedule of short and long term debt
The Company’s short and long term debt as of September 28, 2019 and September 29, 2018 is as follows:
 
2019
 
2018
 
Rate
 
Balance
 
Rate
 
Balance
(In thousands)
 
 
 
 
 
 
 
Term Loan (1)
4.6
%
 
$
33,333

 
4.8
%
 
$
40,000

Unamortized debt issuance costs (2)
 
 
(160
)
 
 
 
(236
)
Total indebtedness
 
 
33,173

 
 
 
39,764

Less short term portion
 
 
(8,333
)
 
 
 
(6,667
)
Long term debt
 
 
$
24,840

 
 
 
$
33,097


(1)
Bears interest at a variable rate equal to an adjusted LIBOR plus 2.25% and is payable quarterly. Due in October 2021, with quarterly principal payments beginning in July 2019.

(2)
Debt issuance costs are recorded as a debt discount and charged to interest expense over the term of the agreement.