XML 22 R9.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Debt, Finance Lease and Other Financing Obligations
 6 Months Ended
Mar. 30, 2024
Debt and Lease Obligation [Abstract]  
Debt, Finance Lease and Other Financing Obligations Debt, Finance Lease and Other Financing Obligations
Debt and finance lease obligations as of March 30, 2024 and September 30, 2023 consisted of the following (in thousands):
March 30,
2024		September 30,
2023
4.05% Senior Notes, due June 15, 2025
$100,000 $100,000 
4.22% Senior Notes, due June 15, 2028
50,000 50,000 
Borrowings under the Credit Facility239,000 233,000 
Finance lease and other financing obligations49,988 49,233 
Unamortized deferred financing fees(999)(1,175)
Total obligations437,989 431,058 
Less: current portion(245,964)(240,205)
Long-term debt, finance lease and other financing obligations, net of current portion$192,025 $190,853 
As of March 30, 2024, the Company was in compliance with covenants for all debt agreements.
During the six months ended March 30, 2024, the highest daily borrowing under the Company's 5-year senior unsecured revolving credit facility (referred to as the "Credit Facility") was $376.0 million; the average daily borrowings were $300.3 million. During the six months ended April 1, 2023, the highest daily borrowing was $412.0 million; the average daily balance was $344.5 million.
The fair value of the Company’s debt, excluding finance lease and other financing obligations, was $383.6 million and $374.3 million as of March 30, 2024 and September 30, 2023, respectively. The carrying value of the Company's debt, excluding finance lease and other financing obligations, was $389.0 million and $383.0 million as of March 30, 2024 and September 30, 2023, respectively. If measured at fair value in the financial statements, the Company's debt would be classified as Level 2 in the fair value hierarchy. Refer to Note 4, "Derivatives and Fair Value Measurements," for further information regarding the Company's fair value calculations and classifications.