LEASES (Tables)

9 Months Ended

Jul. 02, 2022

Leases [Abstract]

Lease Cost

The components of lease expense in the consolidated condensed statements of income are as follows:

	13 Weeks Ended				39 Weeks Ended
	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
	(In thousands)				(In thousands)
Operating lease expense - occupancy expenses (1)	$	2,398	$	2,899	$	7,295	$	6,836
Occupancy lease expense - general and administrative expenses	138		118		347		270
Variable lease expense	1,935		158		4,627		1,553
Total lease expense	$	4,471	$	3,175	$	12,269	$	8,659

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(1)    Includes short-term leases, which are immaterial.

Supplemental cash flow information related to leases:

	39 Weeks Ended
	July 2, 2022		July 3, 2021
	(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows related to operating leases	$	10,508	$	6,992
Non-cash investing activities:
ROU assets obtained in exchange for new operating lease liabilities	$	24,620	$	8,712

The weighted average remaining lease terms and discount rates as of July 2, 2022 are as follows:

	Weighted Average Remaining Lease Term	Weighted Average Discount Rate
Operating leases	12.7 years	5.7	%

Annual Maturities of Lease Liabilities

The annual maturities of our lease liabilities as of July 2, 2022 are as follows:

	Operating Leases
Fiscal Year Ending	(In thousands)
October 1, 2022	$	2,727
September 30, 2023	10,448
September 28, 2024	10,408
September 27, 2025	9,381
October 3, 2026	8,252
Thereafter	68,867
Total future lease commitments	110,083
Less imputed interest	(32,173)
Present value of lease liabilities	$	77,910