Leases

3 Months Ended

Dec. 28, 2024

The components of lease expense for the three months ended December 28, 2024 and December 30, 2023 indicated were as follows (in thousands):


	Three Months Ended
	December 28, 2024		December 30, 2023
Finance lease expense:
Amortization of right-of-use assets	$	1,357	$	1,518
Interest on lease liabilities	1,426		1,322
Operating lease expense	2,584		2,618
Other lease expense	908		2,062
Total	$	6,275	$	7,520

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	December 28, 2024		September 28, 2024
ASSETS
Finance lease assets	Property, plant and equipment, net	$	34,856	$	35,853
Operating lease assets	Operating lease right-of-use assets	78,045		74,360
Total lease assets		$	112,901	$	110,213

LIABILITIES AND SHAREHOLDERS' EQUITY
Current
Finance lease liabilities	Current portion of long-term debt and finance lease obligations	$	4,758	$	4,717
Operating lease liabilities	Other accrued liabilities	14,875		14,697
Non-current
Finance lease liabilities	Long-term debt and finance lease obligations, net of current portion	38,055		38,756
Operating lease liabilities	Long-term operating lease liabilities	35,124		32,275
Total lease liabilities		$	92,812	$	90,445