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Borrowings (Tables) | 12 Months Ended
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Oct. 01, 2021
Debt Disclosure [Abstract] |
Schedule of Long-term Debt | The following table presents certain information regarding the Company’s long-term debt at October 1, 2021 and October 2, 2020 (dollars in thousands):
| Interest Rate |  | Maturity |  | October 1, 2021 |  | October 2, 2020
Revolving Credit Facility | LIBOR + applicable margin (1) |  | March 2024 |  | $ | 327,794 |  |  | $ | 152,794 |
2021 Term Loan Facility | LIBOR + applicable margin (2) |  | March 2024 |  | 1,081,724 |  |  | — |
2020 Term Loan Facility | LIBOR + applicable margin (3) |  | March 2025 (4) |  | 988,940 |  |  | 1,025,826 |
Fixed-rate notes due: |  |  |  |  |  |  |
Senior Notes, Series A | 4.27% |  | May 2025 |  | 190,000 |  |  | 190,000 |
Senior Notes, Series B | 4.42% |  | May 2028 |  | 180,000 |  |  | 180,000 |
Senior Notes, Series C | 4.52% |  | May 2030 |  | 130,000 |  |  | 130,000 |
Less: Current Portion (4) |  |  |  |  | (53,456) |  |  | — |
Less: Deferred Financing Fees |  |  |  |  | (5,069) |  |  | (1,679) |
Total Long-term debt, net |  |  |  |  | $ | 2,839,933 |  |  | $ | 1,676,941 |
(1)Depending on the Company’s Consolidated Leverage Ratio (as defined in the credit agreement governing the Revolving Credit Facility (defined below)), borrowings under the Revolving Credit Facility bear interest at either a eurocurrency rate plus a margin of between 0.875% and 1.625% or a base rate plus a margin of between 0% and 0.625%.The applicable LIBOR rates, including applicable margins, at October 1, 2021 and October 2, 2020 were approximately 1.45% and 1.39%. (2)Depending on the Company’s Consolidated Leverage Ratio (as defined in the credit agreement governing the 2021 Term Loan Facility (defined below)), borrowings under the 2021 Term Loan Facility bear interest at either a eurocurrency rate plus a margin of between 0.875% and 1.625% or a base rate plus a margin of between 0% and 0.625%. The applicable LIBOR rate, including applicable margin, at October 1, 2021 was approximately 1.43%. (3)Depending on the Company’s Consolidated Leverage Ratio (as defined in the credit agreement governing the 2020 Term Loan Facility (defined below)), borrowings under the 2020 Term Loan Facility bear interest at either a eurocurrency rate plus a margin of between 0.875% and 1.5% or a base rate plus a margin of between 0% and 0.5%. The applicable LIBOR rates, including applicable margins, at October 1, 2021 and October 2, 2020 were approximately 1.45% and 1.37%. (4)The 2020 Term Loan requires quarterly principal repayments of 1.25%, or $9.125 million and £3.125 million, of the aggregate initial principal amount borrowed.
Schedule of Interest Expense | The following table presents the amount of interest paid by the Company during October 1, 2021, October 2, 2020 and September 27, 2019 (in thousands):
For the Years Ended
October 1, 2021 |  | October 2, 2020 |  | September 27, 2019
$54,860 |  | $58,257 |  | $81,582

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