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Borrowings (Tables)
 12 Months Ended
Sep. 28, 2018
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
The following table presents certain information regarding the Company’s long-term debt at September 28, 2018 and September 29, 2017 (dollars in thousands):
 
Interest Rate
 
Maturity
 
September 28, 2018
 
September 29, 2017
Revolving Credit Facility
LIBOR + applicable margin (1)
 
February 2020
 
$
149,129

 
$
235,000

Term Loan Facility
LIBOR + applicable margin (2)
 
December 2020
 
1,500,000

 
—

Fixed-rate notes due:
 
 
 
 


 
 
Senior Notes, Series A
4.27%
 
May 2025
 
190,000

 
—

Senior Notes, Series B
4.42%
 
May 2028
 
180,000

 
—

Senior Notes, Series C
4.52%
 
May 2030
 
130,000

 
—

Less: Deferred Financing Fees
 
 
 
 
(4,998
)
 
—

Other
Varies
 
Varies
 
2,746

 
—

Total Long-term debt, net
 
 
 
 
$
2,146,877

 
$
235,000

 
 
 
 
 
 
 
 
(1)
Depending on the Company’s Consolidated Leverage Ratio (as defined in the credit agreement governing the Revolving Credit Facility), borrowings under the Revolving Credit Facility bear interest at either a eurocurrency rate plus a margin of between 1.0% and 1.5% or a base rate plus a margin of between 0% and 0.5%. The applicable LIBOR rates at September 28, 2018 and September 29, 2017 were approximately 1.38% to 3.47% and 1.0% to 2.23%, respectively.
(2)
Depending on the Company’s Consolidated Leverage Ratio (as defined in the credit agreement governing the Term Loan Facility), borrowings under the Term Loan Facility bear interest at either a eurocurrency rate plus a margin of between 1.0% and 1.5% or a base rate plus a margin of between 0% and 0.5%. The applicable LIBOR rate at September 28, 2018 was approximately 3.71%.
Schedule of interest expense
The following table presents the amount of interest paid by the Company during September 28, 2018, September 29, 2017 and September 30, 2016 (in thousands):
For the Years Ended
September 28, 2018
 
September 29, 2017
 
September 30, 2016
$68,467
 
$12,862
 
$13,282