XML 49 R27.htm IDEA: XBRL DOCUMENT v3.21.2
Leases (Tables)
 12 Months Ended
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, 2021September 26, 2020
Balance Sheet LocationOperating LeasesFinance LeasesOperating LeasesFinance 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, 2021As of September 26, 2020
Operating LeasesFinance LeaseOperating LeasesFinance Lease
Weighted average remaining lease term4.957.525.587.64
Weighted average discount rate1.6 %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, 2021Year 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 YearOperating LeasesFinance Lease
2022$28.2 $4.4 
202322.0 4.2 
202416.4 3.9 
202511.8 3.9 
20267.4 3.9 
Thereafter11.7 10.2 
Total future minimum lease payments97.5 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 YearOperating LeasesFinance Lease
2022$28.2 $4.4 
202322.0 4.2 
202416.4 3.9 
202511.8 3.9 
20267.4 3.9 
Thereafter11.7 10.2 
Total future minimum lease payments97.5 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 20233.0 
Fiscal 20243.0 
Fiscal 20252.0 
Fiscal 20260.9 
Thereafter2.3 
Total$14.3