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Leases (Tables)

6 Months Ended

Mar. 28, 2020

Supplemental balance sheet information related to the leases as of March 28, 2020 was as follows:



	As of
	March 28, 2020
Weighted-average remaining lease term - operating leases	12.32 years
Weighted-average remaining lease term - financing leases	5 years
Weighted-average discount rate - operating leases	5.5	%
Weighted-average discount rate - financing leases	3.0	%

Supplemental cash flow and right-of use assets information for the three and six months ended March 28, 2020 was as follows:



(dollar amounts in thousands)	Three months ended			Six months ended
	March 28, 2020			March 28, 2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	9,642		$	15,140

Right-of-use assets obtained in exchange for new operating lease liabilities⁽¹⁾	$	(1,230	)	$	4,151
Right-of-use assets obtained in exchange for new financing lease liabilities	$	—		$	1,500

(1)

For the three months ending March 28, 2020, right-of-use assets obtained in exchange for new operating lease liabilities is a net reduction to the right-of-use assets due to lease incentives being earned for right-of-use asset obtained in the first quarter of 2020.

The components of lease cost reflected in the Consolidated Statement of Operations for the second quarter and first six months ended March 28, 2020 were as follows:



(in thousands)	Three months ended			Six months ended
	March 28, 2020			March 28, 2020
Operating lease cost	$	10,386		$	19,143
Short-term lease cost	1,017			2,890
Variable lease cost	575			2,490
Sublease income	(1,013		)	(2,025		)
Total lease cost	$	10,965		$	22,498

Schedule of Operating Lease Maturity

Maturities of lease liabilities as of March 28, 2020 are as follows:



(in thousands)	Operating Leases
Remainder of 2020	$	22,462
2021	42,670
2022	28,457
2023	21,174
2024	17,757
Thereafter	186,554
Total future lease payments	$	319,074
Less: imputed interest	(94,916		)
Total	$	224,158

Schedule of Future Minimum Rental Payments for Operating Leases

Under the prior lease standard (ASC 840), as of September 30, 2019, future minimum lease payments under non-cancellable operating leases are as follows (in thousands):



2020	$	31,868
2021	33,094
2022	25,624
2023	19,279
2024	16,909
Thereafter	186,037
Total minimum lease payments	$	312,811