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Income Taxes
 6 Months Ended
Apr. 01, 2022
Income Tax Disclosure [Abstract]  
Income Taxes INCOME TAXES:
As of each reporting date, the Company considers existing evidence, both positive and negative, that could impact the need for valuation allowances against deferred tax assets ("DTAs"). During the six months ended April 1, 2022, the Company recorded a benefit to the "Provision (Benefit) for Income Taxes" within the Condensed Consolidated Statements of Income (Loss) of approximately $8.5 million for the reversal of a valuation allowance at a foreign subsidiary driven by the Company's ability to utilize the DTAs based on future taxable income expected due to the acquisition of a business. During the three and six months ended April 2, 2021, the Company recorded a valuation allowance against DTAs based on cumulative losses in certain subsidiaries in the FSS International segment of approximately $14.4 million to the "Provision (Benefit) for Income Taxes" within the Condensed Consolidated Statements of Income (Loss).
On March 27, 2020, the CARES Act was enacted in response to COVID-19. The CARES Act, among other things, permitted net operating losses ("NOLs") incurred in fiscal 2019, 2020 and 2021 to be carried back to each of the five preceding taxable years to generate a refund of previously paid income taxes. NOLs arising in fiscal 2019, 2020 or 2021 are created in years that have a 21.0% federal income tax rate. If these NOLs are carried back to years prior to fiscal 2018, the resulting refund would be in years with a 35.0% federal income tax rate.
As a result of the CARES Act, the Company recorded a net benefit to the "Provision (Benefit) for Income Taxes" of approximately $12.1 million and $34.3 million during the three and six months ended April 2, 2021, respectively, which reflect the NOLs carried back or expected to be carried back to Pre-Tax Cuts and Jobs Act tax years at 35.0%. In addition, the Company recorded a valuation allowance to the "Provision (Benefit) for Income Taxes" of $10.1 million and $26.2 million during the three and six months ended April 2, 2021, respectively, against certain foreign tax credits that were re-established by the NOL carryback, as it is more likely than not a tax benefit will not be realized. During the second quarter of fiscal 2021, the Company received approximately $93.6 million of proceeds related to the fiscal 2020 income tax return from the NOLs generated in fiscal 2020 as a result of the CARES Act.