XML 26 R13.htm IDEA: XBRL DOCUMENT v3.21.1
Leases
6 Months Ended
Apr. 03, 2021
Leases [Abstract]  
Leases Leases
The components of lease expense for the three and six months and ended April 3, 2021 and April 4, 2020 were as follows (in thousands):
Three Months EndedSix Months Ended
April 3,
2021
April 4,
2020
April 3,
2021
April 4,
2020
Finance lease expense:
   Amortization of right-of-use assets$2,135 $1,075 $3,151 $2,269 
   Interest on lease liabilities1,237 1,211 2,440 2,502 
Operating lease expense2,697 2,898 5,449 6,079 
Other lease expense1,266 1,139 2,519 1,259 
Total$7,335 $6,323 $13,559 $12,109 
Based on the nature of the ROU asset, amortization of finance ROU assets, operating lease expense and other lease expense are recorded within either cost of goods sold or selling and administrative expenses, and interest on finance lease liabilities is recorded within interest expense on the Condensed Consolidated Statements of Comprehensive Income (Loss). Other lease expense includes lease expense for leases with an estimated total term of twelve months or less and variable lease expense related to variations in lease payments as a result of a change in factors or circumstances occurring after the lease possession date.
The following tables sets forth the amount of lease assets and lease liabilities included in the Company’s Condensed Consolidated Balance Sheets (in thousands):
Financial Statement Line ItemApril 3, 2021October 3, 2020
ASSETS
   Finance lease assetsProperty, plant and equipment, net$41,157 $36,408 
   Operating lease assetsOperating lease right-of-use assets68,877 69,879 
      Total lease assets$110,034 $106,287 
LIABILITIES AND SHAREHOLDERS' EQUITY
Current
  Finance lease liabilitiesCurrent portion of long-term debt and finance lease obligations$5,270 $2,700 
  Operating lease liabilitiesOther accrued liabilities9,314 7,724 
Non-current
  Finance lease liabilitiesLong-term debt and finance lease obligations, net of current portion38,265 37,033 
  Operating lease liabilitiesLong-term operating lease liabilities34,751 36,779 
        Total lease liabilities$87,600 $84,236