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Borrowings (Tables)
3 Months Ended
Jan. 01, 2021
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
At January 1, 2021 and October 2, 2020, long-term debt consisted of the following (principal amounts in thousands):
Interest RateMaturityJanuary 1, 2021October 2, 2020
Revolving Credit FacilityLIBOR + applicable margin (1)March 2024$268,794 $152,794 
Term Loan Facility
LIBOR + applicable margin (2)
March 20251,029,889 1,025,826 
Fixed-rate notes due:
Senior Notes, Series A4.27%May 2025190,000 190,000 
Senior Notes, Series B4.42%May 2028180,000 180,000 
Senior Notes, Series C4.52%May 2030130,000 130,000 
Less: Deferred Financing Fees(1,614)(1,679)
Total Long-term debt, net$1,797,069 $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%. including applicable margins The applicable LIBOR rates at January 1, 2021 and October 2, 2020 were approximately 1.16% and 1.39%.
(2)Depending on the Company’s Consolidated Leverage Ratio (as defined in the credit agreement governing the Term Loan Facility (defined below)), borrowings under the 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% including applicable margins. The applicable LIBOR rates at January 1, 2021 and October 2, 2020 were approximately 1.11% and 1.37%