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Leases (Tables)
12 Months Ended
Sep. 27, 2025
Leases [Abstract]  
Assets And Liabilities, Lessee
The following table presents supplemental balance sheet information related to the Company’s operating and finance leases:
September 27, 2025September 28, 2024
Balance Sheet LocationOperating LeasesFinance LeasesOperating LeasesFinance Leases
Assets
Lease right-of-use assets Other assets$94.1 $— $92.2 $— 
Finance lease right-of-use assets (non-current)Property, plant and equipment, net$— $4.5 $— $5.0 
Liabilities
Operating lease liabilities (current)Accrued expenses$27.0 $— $24.0 $— 
Finance lease liabilities (current)Finance lease obligations - short term$— $3.5 $— $3.3 
Operating lease liabilities (non-current)Other long-term liabilities$79.4 $— $83.9 $— 
Finance lease liabilities (non-current)Finance lease obligations - long term
$— $9.0 $— $12.2 
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 27, 2025As of September 28, 2024
Operating LeasesFinance LeaseOperating LeasesFinance Lease
Weighted average remaining lease term5.254.015.924.83
Weighted average discount rate4.9 %4.0 %5.0 %4.1 %
Lease, Cost
The following table provides information related to the Company’s operating and finance leases:
Years Ended
September 27, 2025September 28, 2024
Operating lease cost (a)$33.3 $41.3 
Finance lease cost - amortization of right-of-use assets$0.7 $0.7 
Finance lease cost - interest cost$0.7 $0.8 
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases$0.6 $0.7 
Operating cash flows from operating leases$31.3 $26.1 
Financing cash flows from finance leases$3.3 $3.8 
Total cash paid for amounts included in the measurement of lease liabilities$35.2 $30.6 
ROU assets arising from entering into new operating lease obligations (b)$24.1 $60.4 
ROU assets arising from entering into new finance lease obligations$— $— 
(a) Includes short-term lease expense and variable lease costs, which were immaterial for the years ended September 27, 2025 and September 28, 2024. During the first quarter of fiscal 2024, in conjunction with the strategy change to move the Mobidiag development activities and operations to the Company’s San Diego, California location, the Company recorded a lease asset impairment charge of $12.5 million. Please refer to Note 8 for additional details.
(b) During fiscal 2024, the Company renewed two leases at the Company’s Marlborough, Massachusetts locations in the amount of $23.3 million and $8.4 million for a term of 10 years and 5 years, respectively.
Finance Lease, Liability, Maturity
The following table presents the future minimum lease payments under non-cancelable operating lease liabilities and finance leases as of September 27, 2025:
Fiscal YearOperating LeasesFinance Leases
2026$31.5 $3.9 
202727.3 4.0 
202820.9 3.0 
202911.3 0.6 
20307.8 0.6 
Thereafter23.6 1.1 
Total future minimum lease payments122.4 13.2 
Less: imputed interest(16.0)(0.7)
Present value of lease liabilities$106.4 $12.5 
Lessee, Operating Lease, Liability, Maturity
The following table presents the future minimum lease payments under non-cancelable operating lease liabilities and finance leases as of September 27, 2025:
Fiscal YearOperating LeasesFinance Leases
2026$31.5 $3.9 
202727.3 4.0 
202820.9 3.0 
202911.3 0.6 
20307.8 0.6 
Thereafter23.6 1.1 
Total future minimum lease payments122.4 13.2 
Less: imputed interest(16.0)(0.7)
Present value of lease liabilities$106.4 $12.5