XML 23 R9.htm IDEA: XBRL DOCUMENT v3.24.4
Debt, Finance Lease and Other Financing Obligations
 3 Months Ended
Dec. 28, 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 December 28, 2024 and September 28, 2024, consisted of the following (in thousands):
December 28, 2024September 28, 2024
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 Facility15,000 50,000 
Finance lease and other financing obligations46,442 48,142 
Unamortized deferred financing fees(737)(824)
Total obligations210,705 247,318 
Less: current portion(121,977)(157,325)
Long-term debt, finance lease and other financing obligations, net of current portion$88,728 $89,993 
As of December 28, 2024, the Company was in compliance with covenants for all debt agreements.
During the three months ended December 28, 2024, the highest daily borrowing under the Company's 5-year senior unsecured revolving credit facility (referred to as the "Credit Facility") was $50.0 million; the average daily borrowings were $40.0 million.
The fair value of the Company’s debt, excluding finance lease and other financing obligations, was $161.4 million and $197.8 million as of December 28, 2024 and September 28, 2024, respectively. The carrying value of the Company's debt, excluding finance lease and other financing obligations, was $165.0 million and $200.0 million as of December 28, 2024 and September 28, 2024, respectively. If measured at fair value in the financial statements, the Company's debt would be classified as Level 1 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.