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Leases | 9 Months Ended
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Jun. 28, 2025
Leases [Abstract] |
Leases | Leases The Company leases office space in Wilmington, MA, Montreal, QC, Plant City, FL, Andover, MA, and Milpitas, CA 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 28, 2025 |  | September 28, 2024
ROU assets: |  |  |
Other assets | $ | 23,413 |  |  | $ | 15,257 |
Lease Liabilities: |  |  |
Accrued expenses and other current liabilities | $ | 5,063 |  |  | $ | 1,647 |
Other liabilities | 22,505 |  |  | 16,076 |
Total lease liabilities | $ | 27,568 |  |  | $ | 17,723 |
The following table presents maturities of the Company’s operating lease liabilities as of June 28, 2025, presented under Accounting Standards Codification (“ASC”) Topic 842, Leases (in thousands):
| June 28, 2025
Remaining fiscal year 2025 | $ | 1,416 |
Fiscal year 2026 | 7,166 |
Fiscal year 2027 | 6,876 |
Fiscal year 2028 | 5,299 |
Fiscal year 2029 and thereafter | 12,572 |
Total future minimum payments | $ | 33,329 |
Less: Implied interest | (5,761) |
Total lease liabilities | $ | 27,568 |
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 28, 2025 was 7.6%. As of June 28, 2025, the weighted-average remaining lease term of the Company’s operating leases was approximately 4.9 years. Operating cash flows for amounts included in the measurement of the Company’s operating lease liabilities were $2.2 million for the nine months ended June 28, 2025.

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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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