XML 25 R13.htm IDEA: XBRL DOCUMENT v3.22.1

Leases

6 Months Ended

Apr. 02, 2022

Leases [Abstract]

Leases

Leases

The components of lease expense for the three and six months ended April 2, 2022 and April 3, 2021 were as follows (in thousands):

						Three Months Ended												Six Months Ended
						April 2, 2022						April 3, 2021						April 2, 2022						April 3, 2021
Finance lease expense:
Amortization of right-of-use assets						$	1,667					$	2,135					$	3,360					$	3,151
Interest on lease liabilities						1,229						1,237						2,451						2,440
Operating lease expense						2,838						2,697						5,695						5,449
Other lease expense						1,443						1,266						2,847						2,519
Total						$	7,177					$	7,335					$	14,353					$	13,559

Based on the nature of the right-of-use ("ROU") asset, amortization of finance lease ROU assets, operating lease expense and other lease expense are recorded within either cost of goods sold or selling and administrative expenses and interest on finance lease liabilities is recorded within interest expense on the Condensed Consolidated Statements of Comprehensive Income. Other lease expense includes lease expense for leases with an estimated total term of twelve months or less and variable lease expense related to variations in lease payments as a result of a change in factors or circumstances occurring after the lease possession date.

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

			Financial Statement Line Item			April 2, 2022						October 2, 2021
ASSETS
Finance lease assets			Property, plant and equipment, net			$	37,361					$	38,657
Operating lease assets			Operating lease right-of-use assets			67,062						72,087
Total lease assets						$	104,423					$	110,744
LIABILITIES AND SHAREHOLDERS' EQUITY
Current
Finance lease liabilities			Current portion of long-term debt and finance lease obligations			$	4,309					$	4,616
Operating lease liabilities			Other accrued liabilities			9,266						9,877
Non-current
Finance lease liabilities			Long-term debt and finance lease obligations, net of current portion			36,637						36,919
Operating lease liabilities			Long-term operating lease liabilities			34,347						37,970
Total lease liabilities						$	84,559					$	89,382

X

- References

No definition available.

+ Details

Name:	us-gaap_LeasesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of accounting policy for leasing arrangement entered into by lessee.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918666-209980

+ Details

Name:	us-gaap_LesseeLeasesPolicyTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration