Financial Instruments and Fair Value Measurements (Tables)

3 Months Ended

Jan. 02, 2021

Financial Instruments and Fair Value Measurements [Abstract]

Fair Value of Derivatives and Location on Consolidated Balance Sheets

The Company records the fair value positions of all derivative financial instruments on a net basis by counterparty for which a master netting arrangement is utilized. Balances on a gross basis are as follows:

Derivative Instruments	Hedge Designation	Balance Sheet Location	January 2, 2021		September 26, 2020
Cross-currency swaps	Designated	Other long-term liabilities		499		270
Interest rate swaps	Designated	Other long-term liabilities		207		226

Effect of Derivatives on Consolidated Statements of Income

The effect of the Company’s derivative instruments on the Consolidated Statements of Income is as follows:

		Quarterly Period Ended
Derivative Instruments	Statements of Income Location	January 2, 2021			December 28, 2019
Cross-currency swaps	Interest expense, net	$	(3	)	$	(2	)
Interest rate swaps	Interest expense, net		17			17

Assets Measured at Fair Value on Non-recurring Basis

Included in the following table are the major categories of assets measured at fair value on a non-recurring basis as of January 2, 2021 and September 26, 2020, along with the impairment loss recognized on the fair value measurement during the period:

	As of January 2, 2021
	Level 1		Level 2		Level 3		Total		Impairment
Indefinite-lived trademarks	$	—	$	—	$	248	$	248	$	—
Goodwill		—		—		5,312		5,312		—
Definite lived intangible assets		—		—		2,241		2,241		—
Property, plant, and equipment		—		—		4,734		4,734		—
Total	$	—	$	—	$	12,535	$	12,535	$	—

	As of September 26, 2020
	Level 1		Level 2		Level 3		Total		Impairment
Indefinite-lived trademarks	$	—	$	—	$	248	$	248	$	—
Goodwill		—		—		5,173		5,173		—
Definite lived intangible assets		—		—		2,249		2,249		—
Property, plant, and equipment		—		—		4,561		4,561		2
Total	$	—	$	—	$	12,231	$	12,231	$	2