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LEASES (Tables)
 9 Months Ended
Jun. 29, 2024
Leases [Abstract]  
Lease expense and components of lease expense
The following table shows the components of lease expense:
 Three months endedNine months ended
(in thousands)June 29, 2024July 1, 2023June 29, 2024July 1, 2023
Operating lease expense (1)
$2,310 $2,846 $7,725 $8,119 
(1)Operating lease expense includes short-term lease expense and variable lease expenses, which is immaterial for the three and nine months ended June 29, 2024 and July 1, 2023.
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:
 Nine months ended
(in thousands)June 29, 2024July 1, 2023
Cash paid for amounts included in the measurement of lease liabilities:
 Operating cash outflows from operating leases$7,867 $6,913 
Weighted-average lease terms and discount rates
The following table shows the weighted-average lease terms and discount rates for operating leases:
 As of
June 29, 2024September 30, 2023
Operating leases:
Weighted-average remaining lease term (in years):
7.47.7
Weighted-average discount rate:7.1 %6.7 %
Future lease payments after ASC 842 adoption
Future lease payments, excluding short-term leases, as of June 29, 2024, are detailed as follows:
As of
(in thousands)June 29, 2024
Remaining fiscal 2024$2,473 
Fiscal 20259,468 
Fiscal 20267,109 
Fiscal 20275,036 
Fiscal 20284,756 
Thereafter22,489 
Total minimum lease payments$51,331 
Less: Interest$11,679 
Present value of lease obligations$39,652 
Less: Current portion$7,128 
Long-term portion of lease obligations$32,524