Leases (Tables)

12 Months Ended

Oct. 02, 2021

Schedule of Lease Expense and Other Information

The components of lease expense for fiscal years indicated were as follows (in thousands):


	2021		2020
Finance lease expense:
Amortization of right-of-use assets	$	6,290	$	4,380
Interest on lease liabilities	4,888		4,956
Operating lease expense	11,034		11,707
Other lease expense	4,794		3,401
Total	$	27,006	$	24,444

Other information related to the Company’s leases was as follows:


	2021		2020
Weighted-average remaining lease term (in years)
Finance leases	11.6		12.8
Operating leases	17.4		18.5
Weighted-average discount rate
Finance leases	17.4	%	17.7	%
Operating leases	2.5	%	3.0	%


	2021		2020
Cash paid for amounts included in the measurement of lease liabilities (in thousands)
Operating cash flows used in finance leases	$	4,571	$	4,539
Operating cash flows used in operating leases	10,667		10,907
Finance cash flows used in finance leases	5,734		3,321
ROU assets obtained in exchange for lease liabilities (in thousands)
Operating leases	$	11,897	$	7,692
Finance leases	4,253		2,835

Schedule of Lease Assets and Liabilities

The following tables sets forth the amount of lease assets and lease liabilities included in the Company’s Consolidated Balance Sheets (in thousands):


	Financial Statement Line Item	2021		2020
ASSETS
Finance lease assets	Property, plant and equipment, net	$	38,657	$	36,408
Operating lease assets	Operating lease right-of-use assets	72,087		69,879
Total lease assets		$	110,744	$	106,287

LIABILITIES AND SHAREHOLDERS' EQUITY
Current
Finance lease liabilities	Current portion of long-term debt and finance lease obligations	$	4,616	$	2,700
Operating lease liabilities	Other accrued liabilities	9,877		7,724
Non-current
Finance lease liabilities	Long-term debt and finance lease obligations, net of current portion	36,919		37,033
Operating lease liabilities	Long-term operating lease liabilities	37,970		36,779
Total lease liabilities		$	89,382	$	84,236

Schedule of Future Minimum Lease Payments

Future minimum lease payments required under finance and operating leases as of October 2, 2021, were as follows (in thousands):


	Operating leases		Finance leases
2022	$	10,850	$	9,421
2023	9,112		7,398
2024	7,108		5,360
2025	5,541		5,137
2026	4,820		5,235
Thereafter	17,889		88,307
Total minimum lease payments	55,320		120,858
Less: imputed interest	(7,473)		(79,323)
Present value of lease liabilities	$	47,847	$	41,535