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SUBSEQUENT EVENT
3 Months Ended
Jan. 02, 2021
Subsequent Events [Abstract]  
SUBSEQUENT EVENT SUBSEQUENT EVENTOn January 11, 2021, the Company announced that Thomas Randal Coleman, Executive Vice President and Chief Financial Officer, departed from his positions with the Company, effective as of January 5, 2021. Cory Miller assumed the role of interim Chief Financial Officer. In connection with Mr. Coleman’s departure, the Company entered into a Separation Agreement and Release of All Claims (the “Separation Agreement”) with Mr. Coleman. The Separation Agreement addresses the payments and benefits to which Mr. Coleman is entitled in connection with his departure. The Company will record a charge of $3.3 during the second quarter of fiscal 2021 associated with Mr. Coleman’s departure, primarily comprised of: (i) severance pay equal to 24 months of salary, at Mr. Coleman’s regular monthly base pay; (ii) a lump sum payment of $0.03 in lieu of outplacement services; (iii) for a period of 24 months, a benefits offset payment in an amount equal to the excess of the COBRA premium charged by the Company to terminated employees over the premium Mr. Coleman paid as an active employee; (iv) in lieu of an annual bonus award, an amount equal to two times Mr. Coleman’s target bonus amount for the Company’s 2021 fiscal year, 50% of which is payable on the first scheduled pay date following the first anniversary of Mr. Coleman’s departure date and 50% of which is payable on the first scheduled pay date following the second anniversary of Mr. Coleman’s departure date, subject to Mr. Coleman’s continued compliance as of the payment date with all of his post-employment obligations to the Company; and (v) acceleration of share-based compensation expense related to awards that will vest or partially vest upon Mr. Coleman’s departure from the Company.