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Note 4 Debt | 6 Months Ended
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Apr. 03, 2021
Debt Disclosure [Abstract] |
Debt Disclosure [Text Block] | Debt Long-term debt consisted of the following:
| As of
| April 3, 2021 |  | October 3, 2020
| (In thousands)
Term loan due 2023 ("Term Loan"), net of issuance costs | $ | 339,155 |  |  | $ | 347,999 |
Current portion of Term Loan | 18,750 |  |  | 18,750 |
Long-term debt | $ | 320,405 |  |  | $ | 329,249 |
Term Loan maturities as of April 3, 2021 by fiscal year are as follows:
| (In Thousands)
Remainder of 2021 | $ | 9,375 |
2022 | 18,750 |
2023 | 14,062 |
2024 | 300,000 |
| $ | 342,187 |
As of April 3, 2021, 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"). As of April 3, 2021, certain foreign subsidiaries of the Company had a total of $69 million of short-term borrowing facilities available, under which no borrowings were outstanding. Debt covenants The Company's Amended Cash Flow Revolver requires the Company to comply with certain financial covenants, namely a maximum leverage ratio and a minimum interest coverage ratio, in both cases measured on the basis of a trailing 12 month look-back period. 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 April 3, 2021.

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- 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
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