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Retirement Plans (Tables)
12 Months Ended
Oct. 02, 2022
Retirement Benefits [Abstract]  
Schedule of amounts recorded on the balance sheet
The Plan's funded status was as follows:
Fiscal Year Ended
October 2,
2022
October 3,
2021
(in thousands)
Fair value of plan assets$36,250 $65,836 
Benefit obligation(33,006)(64,830)
Net surplus$3,244 $1,006 
Fair value of plan assets by major asset category The fair values of the plan assets by major asset categories were as follows:
Fiscal Year Ended
October 2,
2022
October 3,
2021
(in thousands)
Equities$8,390 $13,646 
Mutual funds20,886 33,826 
Liability driven investment funds6,484 17,653 
Cash/other490 711 
Fair value of plan assets$36,250 $65,836 
Principle assumptions used for the benefit obligation valuation
Principal assumptions used for the benefit obligation in the valuation are as follows:
Fiscal Year Ended
October 2,
2022
October 3,
2021
Discount rate4.75%2.00%
Rate of inflation
2.95% to 3.55%
2.85% to 3.50%