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v3.23.3

Leases (Tables) | 12 Months Ended
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Sep. 30, 2023
Leases [Abstract] |
Assets And Liabilities, Lessee | The following table presents supplemental balance sheet information related to the Company's operating and finance leases:
|  |  | September 30, 2023 | September 24, 2022
|  | Balance Sheet Location | Operating Leases | Finance Leases | Operating Leases | Finance Leases
Assets |  |  |  |  |  |
Lease right-of-use assets |  | Other assets | $ | 62.7 |  | $ | — |  | $ | 68.9 |  | $ | — |
Finance lease right-of-use assets (non-current) |  | Property, plant and equipment, net | $ | — |  | $ | 5.6 |  | $ | — |  | $ | 6.0 |
Liabilities |  |  |  |  |  |
Operating lease liabilities (current) |  | Accrued expenses | $ | 20.4 |  | $ | — |  | $ | 23.2 |  | $ | — |
Finance lease liabilities (current) |  | Finance lease obligations - short term | $ | — |  | $ | 3.1 |  | $ | — |  | $ | 3.2 |
Operating lease liabilities (non-current) |  | Other long-term liabilities | $ | 47.1 |  | $ | — |  | $ | 53.8 |  | $ | — |
Finance lease liabilities (non-current) |  | Finance lease obligations - long term | $ | — |  | $ | 15.3 |  | $ | — |  | $ | 18.0 |
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 30, 2023 | As of September 24, 2022 |  |
|  | Operating Leases | Finance Lease | Operating Leases | Finance Lease |  |  |
Weighted average remaining lease term |  | 4.18 | 5.69 | 4.51 | 6.53 |  |  |
Weighted average discount rate |  | 2.9 | % | 4.2 | % | 1.3 | % | 4.3 | % |  |  |
Lease, Cost | The following table provides information related to the Company’s operating and finance leases:
|  | Year Ended September 30, 2023 | Year Ended September 24, 2022 |
Operating lease cost (a) | $ | 29.9 |  | $ | 28.6 |  |
Finance lease cost - amortization of right-of-use assets | $ | 0.7 |  | $ | 0.8 |  |
Finance lease cost - interest cost | $ | 0.8 |  | $ | 1.0 |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
| Operating cash flows from finance leases | $ | 0.9 |  | $ | 1.0 |  |
| Operating cash flows from operating leases | $ | 28.3 |  | $ | 29.3 |  |
| Financing cash flows from finance leases | $ | 3.2 |  | $ | 3.3 |  |
| Total cash paid for amounts included in the measurement of lease liabilities | $ | 32.4 |  | $ | 33.6 |  |
ROU assets arising from entering into new operating lease obligations | $ | 15.7 |  | $ | 16.6 |  |
ROU assets arising from entering into new finance lease obligations | $ | — |  | $ | — |  |
(a) Includes short-term lease expense and variable lease costs, which were immaterial for the year ended September 30, 2023.
Finance Lease, Liability, Maturity | The following table presents the future minimum lease payments under non-cancellable operating lease liabilities and finance leases as of September 30, 2023:
Fiscal Year | Operating Leases | Finance Leases
2024 | $ | 22.1 |  | $ | 3.8 |
2025 | 19.5 |  | 3.8 |
2026 | 13.5 |  | 3.8 |
2027 | 9.4 |  | 4.0 |
2028 | 4.5 |  | 3.0 |
Thereafter | 4.7 |  | 2.1 |
Total future minimum lease payments | 73.7 |  | 20.5 |
Less: imputed interest | (4.7) |  | (2.1) |
Present value of lease liabilities | $ | 69.0 |  | $ | 18.4 |
Lessee, Operating Lease, Liability, Maturity | The following table presents the future minimum lease payments under non-cancellable operating lease liabilities and finance leases as of September 30, 2023:
Fiscal Year | Operating Leases | Finance Leases
2024 | $ | 22.1 |  | $ | 3.8 |
2025 | 19.5 |  | 3.8 |
2026 | 13.5 |  | 3.8 |
2027 | 9.4 |  | 4.0 |
2028 | 4.5 |  | 3.0 |
Thereafter | 4.7 |  | 2.1 |
Total future minimum lease payments | 73.7 |  | 20.5 |
Less: imputed interest | (4.7) |  | (2.1) |
Present value of lease liabilities | $ | 69.0 |  | $ | 18.4 |
Operating Lease, Lease Income | The future minimum annual rental income payments under these lease and sublease agreements at September 30, 2023 are as follows:
Fiscal 2024 |  | $ | 2.0 |  |
Fiscal 2025 |  | 1.4 |  |
Fiscal 2026 |  | 1.4 |  |
Fiscal 2027 |  | 1.5 |  |
Fiscal 2028 |  | 1.2 |  |
Thereafter |  | 3.0 |  |
Total |  | $ | 10.5 |  |

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