XML 37 R26.htm IDEA: XBRL DOCUMENT v3.21.1
Related Party Transactions
6 Months Ended
Apr. 03, 2021
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure Related Party TransactionsJohn Scannell, Moog's Chairman of the Board and Director and Chief Executive Officer, is a member of 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 for the three and six months ended April 3, 2021 totaled $3,521 and $6,950, respectively. Credit extension for the three and six months ended March 28, 2020 totaled $4,220 and $8,794, respectively. At April 3, 2021, we held outstanding leases with a total original cost of $26,454. Deposits on our behalf for future equipment leases totaled $1,469 for the three and six months ended April 3, 2021. 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 9, Indebtedness.