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Leases (Tables)
 12 Months Ended
Sep. 27, 2024
Leases [Abstract]  
Schedule of Assets and Liabilities Lessee
The following table summarizes the location of the operating and finance leases in the Company’s Consolidated Balance Sheets (in thousands), as well as the weighted average remaining lease term and weighted average discount rate:
LeasesBalance Sheet LocationSeptember 27, 2024September 29, 2023
Assets:
Operating(1)(2)
Operating Lease Right-of-use Assets$638,659 $572,268 
FinanceProperty and Equipment, net38,224 30,621 
Total lease assets$676,883 $602,889 
Liabilities:
Current
OperatingCurrent operating lease liabilities$54,163 $51,271 
FinanceCurrent maturities of long-term borrowings5,899 3,753 
Noncurrent
OperatingNoncurrent Operating Lease Liabilities241,012 245,871 
FinanceLong-term borrowings34,541 28,180 
Total lease liabilities$335,615 $329,075 
Weighted average remaining lease term (in years)
Operating leases6.97.7
Finance leases14.714.5
Weighted average discount rate
Operating leases4.6 %4.2 %
Finance leases6.0 %4.7 %
(1)
Includes $384.1 million and $320.1 million of long-term prepaid rent as of September 27, 2024 and September 29, 2023, respectively.
(2)During fiscal 2023, the Company recorded impairment charges to its Operating Lease Right-of-use Assets (see Note 1).
Schedule of Lease, Cost
The following table summarizes the location of lease related costs on the Consolidated Statements of Income (in thousands):
Fiscal Year Ended
Lease CostIncome Statement LocationSeptember 27, 2024September 29, 2023September 30, 2022
Operating lease cost(1):
Fixed lease costsCost of services provided (exclusive of depreciation and amortization)$117,584 $110,393 $97,231 
Variable lease costs(2)
Cost of services provided (exclusive of depreciation and amortization)1,052,310 922,334 765,323 
Short-term lease costsCost of services provided (exclusive of depreciation and amortization)80,816 79,788 65,355 
Finance lease cost(3):
Amortization of right-of-use-assetsDepreciation and amortization5,939 4,385 3,567 
Interest on lease liabilitiesInterest Expense, net2,023 1,492 1,294 
Net lease cost$1,258,672 $1,118,392 $932,770 
(1)
Excludes sublease income, which is immaterial.
(2)
Includes $1,027.9 million, $903.4 million and $745.6 million of costs related to leases associated with revenue contracts with customers for fiscal 2024, fiscal 2023 and fiscal 2022, respectively. These costs represent the rent the Company pays its clients to operate at their locations, typically based on a percentage of sales.
(3)
Excludes variable lease costs, which are immaterial.
Schedule of Supplemental Cash Flow Information
Supplemental cash flow information related to leases for the periods reported is as follows (in thousands):
Fiscal Year Ended
September 27, 2024September 29, 2023September 30, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases(1)
$192,391 $170,457 $110,747 
Operating cash flows from finance leases2,023 1,492 1,294 
Financing cash flows from finance leases6,042 4,207 3,428 
Lease assets obtained in exchange for lease obligations:
Operating leases$59,780 $52,215 $62,219 
Finance leases13,272 4,907 2,206 
(1)
For fiscal 2024, excludes cash paid for variable and short-term lease costs of $1,039.0 million and $80.8 million, respectively, that are not included within the measurement of lease liabilities. For fiscal 2023, excludes cash paid for variable and short-term lease costs of $909.1 million and $79.8 million, respectively, that are not included within the measurement of lease liabilities. For fiscal 2022, excludes cash paid for variable and short-term lease costs of $725.1 million and $65.4 million, respectively, that are not included within the measurement of lease liabilities.
Schedule of Finance Lease, Liability, Maturity
Future minimum lease payments under non-cancelable leases as of September 27, 2024 are as follows (in thousands):
Operating leasesFinance leasesTotal
2025$66,067 $8,104 $74,171 
202658,533 7,148 65,681 
202748,487 6,044 54,531 
202840,367 3,264 43,631 
202932,256 2,672 34,928 
Thereafter96,428 34,819 131,247 
Total future minimum lease payments$342,138 $62,051 $404,189 
Less: Interest(46,963)(21,611)(68,574)
Present value of lease liabilities$295,175 $40,440 $335,615 
Schedule of Operating Lease, Liability, Maturity
Future minimum lease payments under non-cancelable leases as of September 27, 2024 are as follows (in thousands):
Operating leasesFinance leasesTotal
2025$66,067 $8,104 $74,171 
202658,533 7,148 65,681 
202748,487 6,044 54,531 
202840,367 3,264 43,631 
202932,256 2,672 34,928 
Thereafter96,428 34,819 131,247 
Total future minimum lease payments$342,138 $62,051 $404,189 
Less: Interest(46,963)(21,611)(68,574)
Present value of lease liabilities$295,175 $40,440 $335,615