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Long-Term Debt (Tables) | 12 Months Ended
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Sep. 29, 2024
Debt Disclosure [Abstract] |
Schedule of long-term debt | Long-term debt consisted of the following (in thousands):
| Fiscal Year Ended
| September 29, 2024 |  | October 1, 2023
Credit facilities | $ | 250,000 |  |  | $ | 320,000 |
Convertible notes | 575,000 |  |  | 575,000 |
Debt issuance costs and discount | (12,366) |  |  | (15,471) |
Long-term debt | $ | 812,634 |  |  | $ | 879,529 |
Schedule of convertible debt | The net carrying amount of the Convertible Notes was as follows (in thousands):
| Fiscal Year Ended
| September 29, 2024 |  | October 1, 2023
Principal | $ | 575,000 |  |  | $ | 575,000 |
Unamortized discount and issuance costs | (11,434) |  |  | (14,158) |
Net carrying amount | $ | 563,566 |  |  | $ | 560,842 |
Schedule of interest expense | The following table sets forth the interest expense recognized related to the Convertible Notes (in thousands):
| Fiscal Year Ended
| September 29, 2024 |  | October 1, 2023
Interest expense | $ | 12,866 |  |  | $ | 1,438 |
Amortization of discount and issuance costs | 2,724 |  |  | 292 |
Total interest expense | $ | 15,590 |  |  | $ | 1,730 |
Schedule of maturities of long-term debt | The following table presents scheduled maturities of our long-term debt (in thousands):
| Amount
2025 | — |
2026 | 250,000 |
2027 | — |
2028 | 575,000 |
Total | $ | 825,000 |

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