Leases (Tables)

3 Months Ended

Dec. 27, 2019

Leases [Abstract]

Assets and liabilities

Leases

(in thousands)	December 27, 2019
Assets
Operating lease assets	$	42,812
Finance lease assets	3,962
Total right-of-use assets, gross	$	46,774
Less: accumulated depreciation and amortization	(2,632		)
Right-of-use assets, net	$	44,142
Liabilities
Current liabilities:
Current portion of operating lease liabilities	$	12,149
Current portion of finance lease liabilities	456
Lease obligations	$	12,605
Noncurrent liabilities:
Operating lease liabilities	$	31,972
Finance lease liabilities	1,084
Long-term lease obligations	$	33,056
Total lease obligations	$	45,661

Lease, cost

Lease Term and Discount Rate

	December 27, 2019
Weighted-average remaining lease term (years)
Operating leases	4.84
Finance leases	3.71
Weighted-average discount rate
Operating leases	4.34	%
Finance leases	3.22	%

Other Information

(in thousands)	Three months ended December 27, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	3,216
Operating cash flows from finance leases	4
Financing cash flows from finance leases	128

The following table summarizes lease costs by type of cost for the three months ended December 27, 2019. In the condensed consolidated statements of operations, cost of sales and selling, general and administrative expenses included lease costs of $2,755 and $1,159, respectively.

(in thousands)	Three months ended December 27, 2019
Condensed Consolidated Statement of Operations Classification	Total
Amortization of right-of-use assets	$	3,627
Interest on lease liabilities	8
Variable lease costs	39
Short term lease costs	240
Total lease costs	$	3,914

Operating lease liability, maturity

The Company's maturity analysis of its lease liabilities as of December 27, 2019 is as follows:

(in thousands)	Financing Leases			Operating Leases
2020	$	433		$	13,950
2021	412			10,987
2022	387			8,496
2023	295			6,170
2024	60			4,929
2025 and after	—			6,143
Total lease payments	$	1,587		$	50,675
Less: Interest	(47		)	(6,554		)
Present value of lease liabilities	$	1,540		$	44,121

Finance lease, liability, maturity

The Company's maturity analysis of its lease liabilities as of December 27, 2019 is as follows:

(in thousands)	Financing Leases			Operating Leases
2020	$	433		$	13,950
2021	412			10,987
2022	387			8,496
2023	295			6,170
2024	60			4,929
2025 and after	—			6,143
Total lease payments	$	1,587		$	50,675
Less: Interest	(47		)	(6,554		)
Present value of lease liabilities	$	1,540		$	44,121

Schedule of Minimum Future Operating Lease Payments

The following represents the Company's future minimum rental payments at September 30, 2019 for agreements classified as operating leases under ASC 840 with non-cancelable terms in excess of one year:

2020	$	13,526
2021	11,592
2022	8,666
2023	6,362
2024	5,097
2025 and thereafter	6,938
Total	$	52,181