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Note 5 Leases | 3 Months Ended
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Jan. 02, 2021
Leases [Abstract] |
Leases of Lessee Disclosure [Text Block] | Leases The Company's leases consist primarily of operating leases for buildings and land. These leases have initial lease terms of up to 44 years and, upon adoption of ASC 842, are recorded on the Company's balance sheet as lease liabilities and corresponding right-of-use ("ROU") assets. Certain of these leases contain an option to extend the lease term for additional periods or to terminate the lease after an initial non-cancelable term. Renewal options are considered in the measurement of the Company's initial lease liability and corresponding ROU asset only if it is reasonably certain that the Company will exercise such options. Leases with lease terms of twelve months or less are not recorded on the Company's balance sheet. ROU assets and lease liabilities recorded in the condensed consolidated balance sheet are as follows:
| As of
| January 2, 2021 |  | October 3, 2020
| (In thousands)
Other assets (1) | $ | 53,407 |  |  | $ | 52,552 |
Accrued liabilities | 17,334 |  |  | 16,659 |
Other long-term liabilities | 38,263 |  |  | 37,015 |
Total lease liabilities | $ | 55,597 |  |  | $ | 53,674 |
Weighted average remaining lease term (in years) | 6.66 |  | 6.88
Weighted average discount rate | 3.02 | % |  | 3.13 | %
(1) Net of accumulated amortization of $19 million and $16 million as of January 2, 2021 and October 3, 2020, respectively. Cash paid for operating lease liabilities was $5 million for the three months ended January 2, 2021 and December 28, 2019. Operating lease expense, which includes an immaterial amount for short-term leases, variable lease costs and sublease income, was $5 million for the three months ended January 2, 2021 and December 28, 2019. Future lease payments under non-cancelable operating leases as of January 2, 2021, by fiscal year, are as follows:
| Operating Leases
| (In thousands)
Remainder of 2021 | $ | 14,346 |
2022 | 15,573 |
2023 | 8,824 |
2024 | 5,299 |
2025 | 4,127 |
2026 | 2,397 |
Thereafter | 11,179 |
Total lease payments | 61,745 |
Less: imputed interest | 6,148 |
Total | $ | 55,597 |

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- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
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