XML 65 R12.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Note 5 Debt | 3 Months Ended
--- | ---
Dec. 28, 2019
Debt Disclosure [Abstract] |
Debt Disclosure [Text Block] | Debt Long-term debt consisted of the following:
| As of
| December 28, 2019 |  | September 28, 2019
| (In thousands)
Term loan due 2023 ("Term Loan"), net of issuance costs | $ | 365,974 |  |  | $ | 370,409 |
Non-interest bearing promissory notes | 15,291 |  |  | 14,916 |
Total long-term debt | 381,265 |  |  | 385,325 |
Less: Current portion of non-interest bearing promissory notes | 15,291 |  |  | 14,916 |
Current portion of long-term debt | 23,437 |  |  | 23,438 |
Long-term debt | $ | 342,537 |  |  | $ | 346,971 |
Maturities of the Term Loan as of December 28, 2019 by fiscal year are as follows:
| (In Thousands)
Remainder of 2020 | $ | 18,750 |
2021 | 18,750 |
2022 | 18,750 |
2023 | 14,062 |
2024 | 300,000 |
| $ | 370,312 |
As of December 28, 2019, there were no borrowings and $8 million of letters of credit outstanding under the Fourth Amended and Restated Credit Agreement (the "Amended Cash Flow Revolver"). The Amended Cash Flow Revolver provides a committed $375 million Term Loan, which was drawn and outstanding as of December 28, 2019. As of December 28, 2019, certain foreign subsidiaries of the Company had a total of $72 million of short-term borrowing facilities, under which no borrowings were outstanding. Debt covenants The Company's Amended Cash Flow Revolver requires the Company to comply with certain financial covenants. In addition, the Company's debt agreements contain a number of restrictive covenants, including restrictions on incurring additional debt, making investments and other restricted payments, selling assets and paying dividends, subject to certain exceptions. The Company was in compliance with these covenants as of December 28, 2019.

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

X
- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
Name: | us-gaap_DebtDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration