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Debt, Finance Lease and Other Financing Obligations | 9 Months Ended
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Jun. 29, 2024
Debt and Lease Obligation [Abstract] |
Debt, Finance Lease and Other Financing Obligations | Debt, Finance Lease and Other Financing Obligations Debt and finance lease obligations as of June 29, 2024 and September 30, 2023 consisted of the following (in thousands):
|  | June 29, 2024 |  | September 30, 2023
4.05% Senior Notes, due June 15, 2025 |  | $ | 100,000 |  |  | $ | 100,000 |
4.22% Senior Notes, due June 15, 2028 |  | 50,000 |  |  | 50,000 |
Borrowings under the Credit Facility |  | 150,000 |  |  | 233,000 |
Finance lease and other financing obligations |  | 49,802 |  |  | 49,233 |
Unamortized deferred financing fees |  | (912) |  |  | (1,175) |
Total obligations |  | 348,890 |  |  | 431,058 |
Less: current portion |  | (258,175) |  |  | (240,205) |
Long-term debt, finance lease and other financing obligations, net of current portion |  | $ | 90,715 |  |  | $ | 190,853 |
As of June 29, 2024, the Company was in compliance with covenants for all debt agreements. During the nine months ended June 29, 2024, the highest daily borrowing under the Company's 5-year senior unsecured revolving credit facility (referred to as the "Credit Facility") was $376.0 million; the average daily borrowings were $292.1 million. During the nine months ended July 1, 2023, the highest daily borrowing was $412.0 million; the average daily balance was $341.9 million. The fair value of the Company’s debt, excluding finance lease and other financing obligations, wa s $294.8 million and $374.3 million as of June 29, 2024 and September 30, 2023, respectively. The carrying value of the Company's debt, excluding finance lease and other financing obligations, was $300.0 million and $383.0 million as of June 29, 2024 and September 30, 2023, respectively. If measured at fair value in the financial stateme nts, the Company's debt would be classified as Level 2 in the fair value hierarchy. Refer to Note 4, "Derivatives and Fair Value Measurements," for further information regarding the Company's fair value calculations and classifications.

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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://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-6 Reference 2: 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