SEVERANCE

12 Months Ended

Oct. 03, 2025

Restructuring and Related Activities [Abstract]

SEVERANCE

SEVERANCE:

During fiscal 2025, 2024 and 2023 , the Company approved headcount reductions to streamline and improve the efficiency and effectiveness of operational and administrative functions. As a result of these actions, severance charges of $18.7 million, $5.2 million and $7.6 million were recorded on the Consolidated and Combined Statements of Income for the fiscal years ended October 3, 2025, September 27, 2024 and September 29, 2023, respectively. For fiscal 2025 and 2024, the severance charges were recorded within “Selling, general and administrative expenses. For fiscal 2023, the severance charges were recorded within “Selling, general and administrative expenses” and “Cost of services provided (exclusive of depreciation and amortization). As of October 3, 2025 and September 27, 2024, accrued severance obligations were $7.4 million and $2.7 million, respectively.

The following table summarizes the unpaid obligations for severance and related costs as of October 3, 2025, which are included in “Accrued payroll and related expenses” on the Consolidated Balance Sheets.

(dollars in thousands)	September 27, 2024		Charges (Reversals)		Payments and Other		October 3, 2025
Fiscal 2025 Severance	$	—	$	19,264	$	(11,872)	$	7,392
Fiscal 2024 Severance	$	2,561	$	(440)	$	(2,121)	$	—
Fiscal 2023 Severance	$	142	$	(142)	$	—	$	—
Total	$	2,703	$	18,682	$	(13,993)	$	7,392

The following table summarizes the unpaid obligations for severance and related costs as of September 27, 2024, which are included in “Accrued payroll and related expenses” on the Consolidated Balance Sheets.

(dollars in thousands)	September 29, 2023		Charges		Payments and Other		September 27, 2024
Fiscal 2024 Severance	$	—	$	5,240	$	(2,679)	$	2,561
Fiscal 2023 Severance	3,414		—		(3,272)		142
Total	$	3,414	$	5,240	$	(5,951)	$	2,703