LEASES (Tables)

9 Months Ended

Jul. 01, 2023

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 1, 2023		July 2, 2022		July 1, 2023		July 2, 2022
	(In thousands)				(In thousands)
Operating lease expense - occupancy expenses (1)	$	3,347	$	2,398	$	10,276	$	7,295
Occupancy lease expense - general and administrative expenses	134		138		364		347
Variable lease expense	1,300		1,935		3,069		4,627
Total lease expense	$	4,781	$	4,471	$	13,709	$	12,269

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

Supplemental cash flow information related to leases:

	39 Weeks Ended
	July 1, 2023				July 2, 2022
	(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows related to operating leases	$	14,343	$	—	$	10,508
Non-cash investing activities:
ROU assets obtained in exchange for new operating lease liabilities	$	—	$	—	$	24,620

The weighted average remaining lease terms and discount rates as of July 1, 2023 are as follows:

	Weighted Average Remaining Lease Term	Weighted Average Discount Rate
Operating leases	11.9 years	6.1	%

Annual Maturities of Lease Liabilities

The annual maturities of our lease liabilities as of July 1, 2023 are as follows:

	Operating Leases
Fiscal Year Ending	(In thousands)
September 30, 2023	$	3,488
September 28, 2024	14,023
September 27, 2025	12,995
October 3, 2026	11,867
October 2, 2027	11,547
Thereafter	85,914
Total future lease commitments	139,834
Less imputed interest	(40,399)
Present value of lease liabilities	$	99,435