XML 41 R31.htm IDEA: XBRL DOCUMENT v3.23.1
LEASES (Tables)
 6 Months Ended
Apr. 01, 2023
Leases [Abstract]  
Lease expense and components of lease expense
The following table shows the components of lease expense:
 Three months endedSix months ended
(in thousands)April 1, 2023April 2, 2022April 1, 2023April 2, 2022
Operating lease expense (1)
$2,683 $1,990 $5,273 $4,044 
(1)Operating lease expense includes short-term lease expense, which is immaterial for the three and six months ended April 1, 2023 and April 2, 2022.
The following table shows the cash flows arising from lease transactions. Cash payments related to short-term leases are not included in the measurement of operating lease liabilities, and, as such, are excluded from the amounts below:
 Six months ended
(in thousands)April 1, 2023April 2, 2022
Cash paid for amounts included in the measurement of lease liabilities:
 Operating cash outflows from operating leases$4,673 $3,752 
Weighted-average lease terms and discount rates
The following table shows the weighted-average lease terms and discount rates for operating leases:
 As of
April 1, 2023October 1, 2022
Operating leases:
Weighted-average remaining lease term (in years):
7.88.0
Weighted-average discount rate:5.9 %5.8 %
Future lease payments after ASC 842 adoption
Future lease payments, excluding short-term leases are detailed as follows:
As of
(in thousands)April 1, 2023
Remaining fiscal 2023$4,987 
Fiscal 20249,325 
Fiscal 20258,477 
Fiscal 20267,347 
Fiscal 20275,531 
Thereafter23,486 
Total minimum lease payments$59,153 
Less: Interest$12,325 
Present value of lease obligations$46,828 
Less: Current portion$7,271 
Long-term portion of lease obligations$39,557