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Leases (Tables) | 12 Months Ended
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Sep. 25, 2021
Leases [Abstract] |
Assets And Liabilities, Lessee | The following table presents supplemental balance sheet information related to the Company's operating and finance leases:
|  |  | September 25, 2021 | September 26, 2020
|  | Balance Sheet Location | Operating Leases | Finance Leases | Operating Leases | Finance Leases
Assets |  |  |  |  |  |
Lease right-of-use assets |  | Other assets | $ | 83.6 |  | $ | — |  | $ | 80.7 |  | $ | — |
Finance lease right-of-use assets (non-current) |  | Property, plant and equipment, net | $ | — |  | $ | 9.3 |  | $ | — |  | $ | — |
Liabilities |  |  |  |  |  |
Operating lease liabilities (current) |  | Accrued expenses | $ | 26.8 |  | $ | — |  | $ | 23.5 |  | $ | — |
Finance lease liabilities (current) |  | Finance lease obligations - short term | $ | — |  | $ | 3.7 |  | $ | — |  | $ | 1.9 |
Operating lease liabilities (non-current) |  | Other long-term liabilities | $ | 66.1 |  | $ | — |  | $ | 65.6 |  | $ | — |
Finance lease liabilities (non-current) |  | Finance lease obligations - long term | $ | — |  | $ | 22.8 |  | $ | — |  | $ | 17.4 |
The following table presents the weighted average remaining lease term and discount rate information related to the Company's operating and finance leases:
|  | As of September 25, 2021 | As of September 26, 2020 |  |
|  | Operating Leases | Finance Lease | Operating Leases | Finance Lease |  |  |
Weighted average remaining lease term |  | 4.95 | 7.52 | 5.58 | 7.64 |  |  |
Weighted average discount rate |  | 1.6 | % | 4.3 | % | 2.0 | % | 5.1 | % |  |  |
Lease, Cost | The following table provides information related to the Company’s operating and finance leases:
|  | Year Ended September 25, 2021 | Year Ended September 26, 2020 |
Operating lease cost (a) | $ | 30.1 |  | $ | 27.5 |  |
Finance lease cost - amortization of right-of-use assets | $ | 0.6 |  | $ | 0.3 |  |
Finance lease cost - interest cost | $ | 1.0 |  | $ | 1.0 |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
| Operating cash flows from finance leases | $ | 1.0 |  | $ | 1.0 |  |
| Operating cash flows from operating leases | $ | 28.2 |  | $ | 23.9 |  |
| Financing cash flows from finance leases | $ | 2.4 |  | $ | 1.7 |  |
| Total cash paid for amounts included in the measurement of lease liabilities | $ | 31.6 |  | $ | 26.6 |  |
ROU assets arising from entering into new operating lease obligations | $ | 28.6 |  | $ | 13.3 |  |
ROU assets arising from entering into new finance lease obligations | $ | 9.1 |  | $ | — |  |
(a) Includes short-term lease expense and variable lease costs, which were immaterial for the year ended September 25, 2021. Rent expense under FASB ASC Topic 840 was $23.1 million for fiscal 2019.
Finance Lease, Liability, Maturity | The following table presents the future minimum lease payments under non-cancellable operating lease liabilities and finance lease as of September 25, 2021:
Fiscal Year |  | Operating Leases | Finance Lease
2022 |  | $ | 28.2 |  | $ | 4.4 |
2023 |  | 22.0 |  | 4.2 |
2024 |  | 16.4 |  | 3.9 |
2025 |  | 11.8 |  | 3.9 |
2026 |  | 7.4 |  | 3.9 |
Thereafter |  | 11.7 |  | 10.2 |
Total future minimum lease payments |  | 97.5 |  | 30.5 |
Less: imputed interest |  | (4.6) |  | (4.0) |
Present value of lease liabilities |  | $ | 92.9 |  | $ | 26.5 |
Lessee, Operating Lease, Liability, Maturity | The following table presents the future minimum lease payments under non-cancellable operating lease liabilities and finance lease as of September 25, 2021:
Fiscal Year |  | Operating Leases | Finance Lease
2022 |  | $ | 28.2 |  | $ | 4.4 |
2023 |  | 22.0 |  | 4.2 |
2024 |  | 16.4 |  | 3.9 |
2025 |  | 11.8 |  | 3.9 |
2026 |  | 7.4 |  | 3.9 |
Thereafter |  | 11.7 |  | 10.2 |
Total future minimum lease payments |  | 97.5 |  | 30.5 |
Less: imputed interest |  | (4.6) |  | (4.0) |
Present value of lease liabilities |  | $ | 92.9 |  | $ | 26.5 |
Operating Lease, Lease Income | The future minimum annual rental income payments under these lease and sublease agreements at September 25, 2021 are as follows:
Fiscal 2022 |  | $ | 3.1 |  |
Fiscal 2023 |  | 3.0 |  |
Fiscal 2024 |  | 3.0 |  |
Fiscal 2025 |  | 2.0 |  |
Fiscal 2026 |  | 0.9 |  |
Thereafter |  | 2.3 |  |
Total |  | $ | 14.3 |  |

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