XML 30 R17.htm IDEA: XBRL DOCUMENT
v3.20.2

Leases, Codification Topic 842 | 12 Months Ended
--- | ---
Oct. 02, 2020
Leases [Abstract] |
Lessee, Operating Leases | 10. LEASES The Company’s lease arrangements consist primarily of corporate, manufacturing, and other facility agreements as well as various machinery and office equipment agreements. The leases expire at various dates through 2033, some of which include options to extend the lease term. The options with the longest potential total lease term consist of options for extension of up to three five-year periods following expiration of the original lease term. During the fiscal year ended October 2, 2020, the Company recorded $28.1 million of operating lease expense and $7.6 million of variable lease expense. During the fiscal years ended September 27, 2019, and September 28, 2018, the Company recorded $18.7 million and $20.5 million of rent expense, respectively. The Company’s finance leases and short-term leases are immaterial. Supplemental cash information and non-cash activities related to operating leases are as follows (in millions):
|  |  | Fiscal Year Ended
|  |  | October 2, 2020
Operating cash outflows from operating leases |  |  | $ | 25.4 |
Operating lease assets obtained in exchange for new lease liabilities |  |  | $ | 31.0 |
Maturities of lease liabilities under operating leases by fiscal year are as follows (in millions):
| As of
| October 2, 2020
2021 | $ | 25.7 |
2022 | 28.7 |
2023 | 25.1 |
2024 | 21.7 |
2025 | 20.6 |
Thereafter | 81.6 |
Total lease payments | 203.4 |
Less: imputed interest | (24.5) |
Present value of lease liabilities | 178.9 |
Less: current portion (included in other current liabilities) | (28.2) |
Total | $ | 150.7 |
Future minimum lease liabilities under non-cancelable operating leases are as follows (in millions):
| As of
| September 27, 2019
2020 | $ | 26.7 |
2021 | 25.9 |
2022 | 24.8 |
2023 | 23.3 |
2024 | 21.5 |
Thereafter | 97.7 |
Total | $ | 219.9 |
Weighted-average remaining lease term and discount rate related to operating leases are as follows:
| As of
| October 2, 2020
Weighted-average remaining lease term (years) | 8.2
Weighted-average discount rate | 3.3 | %

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration