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Leases | 3 Months Ended
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Dec. 30, 2023
Leases [Abstract] |
Leases | Leases The Company leases office space in Wilmington, MA and Montreal, QC through operating lease arrangements. The Company has no finance lease agreements. The operating lease arrangements expire at various dates through December 2030. The following table presents the balance sheet location of the Company’s operating leases for each of the periods presented (in thousands):
| December 30, 2023 |  | September 30, 2023
ROU assets: |  |  |
Other long-term assets | $ | 17,609 |  |  | $ | 12,398 |
Lease Liabilities: |  |  |
Accrued expenses and other current liabilities | $ | 1,874 |  |  | $ | 1,347 |
Other long-term liabilities | 17,369 |  |  | 12,291 |
Total lease liabilities | $ | 19,243 |  |  | $ | 13,638 |
The following table presents maturities of the Company’s operating lease liabilities as of December 30, 2023, presented under ASC Topic 842 (in thousands):
| December 30, 2023
Remaining fiscal year 2024 | $ | 2,370 |
Fiscal year 2025 | 3,113 |
Fiscal year 2026 | 3,524 |
Fiscal year 2027 | 3,681 |
Fiscal year 2028 and thereafter | 12,747 |
Total future minimum payments | $ | 25,435 |
Less: Implied interest | (6,192) |
Total lease liabilities | $ | 19,243 |
The Company uses its estimated incremental borrowing rate, which is derived from information available at the lease commencement date, in determining the present value of operating lease payments. To determine the estimated incremental borrowing rate, the Company uses publicly available credit ratings for peer companies. The Company estimates the incremental borrowing rate using yields for maturities that are in line with the duration of the lease payments. The weighted average discount rate for operating leases as of December 30, 2023 was 7.9%. As of December 30, 2023, the weighted-average remaining lease term of the Company’s operating leases was approximately 6.2 years. Operating cash flows for amounts included in the measurement of the Company’s operating lease liabilities were $0.3 for the three months ended December 30, 2023.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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