LEASES (Tables)

6 Months Ended

Mar. 29, 2024

Leases [Abstract]

Schedule of Location of Lease Related Costs

The following table summarizes operating lease costs, consisting of fixed lease costs, variable lease costs and short-term lease costs. Additionally, the table summarizes finance lease costs, consisting of amortization of right-of-use asset and interest on lease liabilities (in thousands):

	Three months ended				Six months ended
	March 29, 2024		March 31, 2023		March 29, 2024		March 31, 2023
Lease costs:
Operating lease costs	$	10,358	$	10,450	$	20,729	$	20,883
Finance lease costs	$	9,824	$	8,249	$	18,113	$	17,021

Supplemental cash flow information related to leases for the period reported is as follows (in thousands):

	Six months ended
	March 29, 2024		March 31, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	12,064	$	12,179
Operating cash flows from finance leases	2,779		1,995
Financing cash flows from finance leases	15,148		13,852
Lease assets obtained in exchange for lease obligations:
Operating leases	$	7,207	$	8,589
Finance leases	22,643		17,930

Schedule of Other Information Related to the Operating Leases

Other information related to the operating lease right-of-use assets, net and operating lease liabilities was as follows (in thousands):

	March 29, 2024		September 29, 2023
Weighted average remaining lease term (in years)
Operating leases	4.6		4.7
Finance leases	5.7		5.7
Weighted average discount rate
Operating leases	4.7	%	4.4	%
Finance leases	4.5	%	4.3	%

Schedule of Minimum Operating Lease Payments

Future minimum lease payments under non-cancelable leases as of March 29, 2024 are as follows (in thousands):

	Operating leases		Finance leases		Total
2024 (remaining six months)	$	11,691	$	17,444	$	29,135
2025	19,356		32,912		52,268
2026	13,732		27,984		41,716
2027	9,741		23,661		33,402
2028	6,785		19,425		26,210
Thereafter	9,918		32,456		42,374
Total future minimum lease payments	$	71,223	$	153,882	$	225,105
Less: Interest	(8,476)		(15,405)		(23,881)
Present value of lease liabilities	$	62,747	$	138,477	$	201,224

Schedule of Minimum Finance Lease Payments

Future minimum lease payments under non-cancelable leases as of March 29, 2024 are as follows (in thousands):

	Operating leases		Finance leases		Total
2024 (remaining six months)	$	11,691	$	17,444	$	29,135
2025	19,356		32,912		52,268
2026	13,732		27,984		41,716
2027	9,741		23,661		33,402
2028	6,785		19,425		26,210
Thereafter	9,918		32,456		42,374
Total future minimum lease payments	$	71,223	$	153,882	$	225,105
Less: Interest	(8,476)		(15,405)		(23,881)
Present value of lease liabilities	$	62,747	$	138,477	$	201,224