Leases

3 Months Ended

Jan. 01, 2022

The components of lease expense for the three months ended January 1, 2022 and January 2, 2021 were as follows (in thousands):


	Three Months Ended
	January 1, 2022		January 2, 2021
Finance lease expense:
Amortization of right-of-use assets	$	1,693	$	1,016
Interest on lease liabilities	1,222		1,203
Operating lease expense	2,857		2,752
Other lease expense	1,404		1,253
Total	$	7,176	$	6,224

Based on the nature of the right-of-use ("ROU") asset, amortization of finance lease 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. 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 Item	January 1, 2022		October 2, 2021
ASSETS
Finance lease assets	Property, plant and equipment, net	$	38,842	$	38,657
Operating lease assets	Operating lease right-of-use assets	69,519		72,087
Total lease assets		$	108,361	$	110,744

LIABILITIES AND SHAREHOLDERS' EQUITY
Current
Finance lease liabilities	Current portion of long-term debt and finance lease obligations	$	4,586	$	4,616
Operating lease liabilities	Other accrued liabilities	9,507		9,877
Non-current
Finance lease liabilities	Long-term debt and finance lease obligations, net of current portion	37,379		36,919
Operating lease liabilities	Long-term operating lease liabilities	36,343		37,970
Total lease liabilities		$	87,815	$	89,382