XML 37 R27.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
LEASES (Tables)
6 Months Ended
Mar. 30, 2024
Leases [Abstract]  
Lease Cost
The components of lease expense in the consolidated condensed statements of income are as follows:
13 Weeks Ended26 Weeks Ended
March 30,
2024
April 1,
2023
March 30,
2024
April 1,
2023
 (In thousands)(In thousands)
Operating lease expense - occupancy expenses (1)
$3,469 $3,401 $6,923 $6,929 
Occupancy lease expense - general and
  administrative expenses
122 116 244 230 
Variable lease expense - occupancy expenses747 412 2,124 1,769 
Total lease expense$4,338 $3,929 $9,291 $8,928 
_________________________________
(1)    Includes short-term leases, which are immaterial.
Supplemental cash flow information related to leases:
26 Weeks Ended
March 30,
2024
April 1,
2023
 (In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
     Operating cash flows related to operating leases$9,161 $— $9,754 
The weighted average remaining lease terms and discount rates as of March 30, 2024 are as follows:
Weighted Average
Remaining Lease Term
Weighted Average
Discount Rate
Operating leases11.7 years6.2 %
Annual Maturities of Lease Liabilities
The annual maturities of our lease liabilities as of March 30, 2024 are as follows:
Operating
Leases
Fiscal Year Ending(In thousands)
September 28, 2024$6,979 
September 27, 202512,881 
October 3, 202612,143 
October 2, 202711,960 
September 30, 202812,057 
Thereafter79,284 
Total future lease commitments135,304 
Less imputed interest(38,998)
Present value of lease liabilities$96,306