XML 41 R28.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Leases (Tables)
6 Months Ended
Mar. 30, 2024
Leases [Abstract]  
Schedule of Lease Expense and Other Information
The components of lease expense for the three and six months ended March 30, 2024 and April 1, 2023 indicated were as follows (in thousands):
Three Months EndedSix Months Ended
March 30,
2024
April 1,
2023
March 30,
2024
April 1,
2023
Finance lease expense:
   Amortization of right-of-use assets$1,506 $1,952 $3,024 $3,566 
   Interest on lease liabilities1,375 1,260 2,697 2,532 
Operating lease expense2,652 2,736 5,270 5,342 
Other lease expense1,165 1,830 3,227 3,596 
Total$6,698 $7,778 $14,218 $15,036 
Schedule of Lease Assets and Liabilities
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 ItemMarch 30,
2024
September 30,
2023
ASSETS
   Finance lease assetsProperty, plant and equipment, net$38,308 $37,391 
   Operating lease assetsOperating lease right-of-use assets63,106 69,363 
      Total lease assets$101,414 $106,754 
LIABILITIES AND SHAREHOLDERS' EQUITY
Current
  Finance lease liabilitiesCurrent portion of long-term debt and finance lease obligations$4,574 $4,034 
Operating lease liabilitiesOther accrued liabilities8,281 8,363 
Non-current
  Finance lease liabilitiesLong-term debt and finance lease obligations, net of current portion40,751 39,271 
  Operating lease liabilitiesLong-term operating lease liabilities33,915 38,552 
        Total lease liabilities$87,521 $90,220 
As of March 30, 2024, we have a lease signed but not yet commenced totaling payments of $14.6 million. This lease will commence in the next twelve months, with a lease term of 60 years.