XML 20 R28.htm IDEA: XBRL DOCUMENT v3.19.3
Related Party Transactions
12 Months Ended
Sep. 28, 2019
Related Party Transactions [Abstract]  
Related Party Transactions Related Party Transactions
On November 20, 2017, John Scannell was elected to the Board of Directors of M&T Bank Corporation and M&T Bank. We currently engage with M&T Bank in the ordinary course of business for various financing activities, all of which were initiated prior to the election of Mr. Scannell to the Board. M&T Bank provides credit extension for routine purchases, which totaled $20,612 and $20,536 for 2019 and 2018, respectively. At September 28, 2019, we held a $15,000 interest rate swap with M&T Bank and outstanding leases with a total original cost of $29,621. M&T Bank also maintains an interest of approximately 12% in our U.S. revolving credit facility. Further details of the U.S. revolving credit facility can be found in Note 8, Indebtedness.