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Leases
 9 Months Ended
Jun. 29, 2024
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):
June 29, 2024September 30, 2023
ROU assets:
Other long-term assets$15,924 $12,398 
Lease Liabilities:
Accrued expenses and other current liabilities$1,856 $1,347 
Other long-term liabilities16,319 12,291 
Total lease liabilities$18,175 $13,638 
The following table presents maturities of the Company’s operating lease liabilities as of June 29, 2024, presented under ASC Topic 842 (in thousands):
June 29, 2024
Remaining fiscal year 2024$813 
Fiscal year 20252,954 
Fiscal year 20263,405 
Fiscal year 20273,681 
Fiscal year 2028 and thereafter12,746 
Total future minimum payments$23,599 
Less: Implied interest(5,424)
Total lease liabilities$18,175 
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 June 29, 2024 was 8.0%.
As of June 29, 2024, the weighted-average remaining lease term of the Company’s operating leases was approximately 6.1 years. Operating cash flows for amounts included in the measurement of the Company’s operating lease liabilities were $1.2 million for the nine months ended June 29, 2024.