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Leases
 9 Months Ended
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, 2025September 28, 2024
ROU assets:
Other assets$23,413 $15,257 
Lease Liabilities:
Accrued expenses and other current liabilities$5,063 $1,647 
Other liabilities22,505 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 20267,166 
Fiscal year 20276,876 
Fiscal year 20285,299 
Fiscal year 2029 and thereafter12,572 
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.