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Debt, Finance Lease and Other Financing Obligations | 3 Months Ended
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Dec. 28, 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 December 28, 2024 and September 28, 2024, consisted of the following (in thousands):
|  | December 28, 2024 |  | September 28, 2024
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 |  | 15,000 |  |  | 50,000 |
Finance lease and other financing obligations |  | 46,442 |  |  | 48,142 |
Unamortized deferred financing fees |  | (737) |  |  | (824) |
Total obligations |  | 210,705 |  |  | 247,318 |
Less: current portion |  | (121,977) |  |  | (157,325) |
Long-term debt, finance lease and other financing obligations, net of current portion |  | $ | 88,728 |  |  | $ | 89,993 |
As of December 28, 2024, the Company was in compliance with covenants for all debt agreements. During the three months ended December 28, 2024, the highest daily borrowing under the Company's 5-year senior unsecured revolving credit facility (referred to as the "Credit Facility") was $50.0 million; the average daily borrowings were $40.0 million. The fair value of the Company’s debt, excluding finance lease and other financing obligations, wa s $161.4 million and $197.8 million as of December 28, 2024 and September 28, 2024, respectively. The carrying value of the Company's debt, excluding finance lease and other financing obligations, was $165.0 million and $200.0 million as of December 28, 2024 and September 28, 2024, respectively. If measured at fair value in the financial stateme nts, the Company's debt would be classified as Level 1 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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