Leases (Tables)

12 Months Ended

Oct. 03, 2020

Leases [Abstract]

Components of Lease Expense

The components of lease expense for the fiscal year ended October 3, 2020 was as follows:

	Year Ended
	October 3, 2020
(In thousands)
Operating lease cost	$	13,179
Short-term lease cost	222
Variable lease cost	5,023
Total lease cost	$	18,424

Maturity of Lease Liabilities

The following table summarizes the maturity of lease liabilities under operating leases as of October 3, 2020:

Fiscal years ending	Operating leases
(In thousands)
2021	$	14,515
2022	15,060
2023	14,868
2024	13,841
2025	9,174
Thereafter	1,775
Total lease payments	$	69,233
Less imputed interest	(7,963)
Total lease liabilities (1)	$	61,270

(1) Total lease liabilities reflect the lease liabilities associated with the Company's New York retail space and satellite offices that were closed as a part of the 2020 restructuring plan. Refer to Note 15. Restructuring Plan for discussion of the impact of the associated operating lease right-of-use asset.

Schedule of Future Minimum Rental Payments for Operating Leases

Under Topic 840, the following table represents the gross minimum rental commitments under noncancelable leases as disclosed in the Company’s Annual Report on Form 10-K for the fiscal year ended September 28, 2019:

Fiscal years ending	Operating leases
(In thousands)
2020	$	15,627
2021	14,759
2022	14,136
2023	14,395
2024	13,615
Thereafter	10,951
Total minimum lease commitments	$	83,483