v3.25.4
LEASES (Tables)
 3 Months Ended
Jan. 03, 2026
Leases [Abstract]  
Lease expense and components of lease expense
The following table shows the components of lease expense:
Three months ended
(in thousands)January 3, 2026December 28, 2024
Operating lease expense (1)
$2,251 $2,348 
(1)Operating lease expense includes short-term lease expense and variable lease expenses, which is immaterial for the three months ended January 3, 2026 and December 28, 2024.
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:
Three months ended
(in thousands)January 3, 2026December 28, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases$2,520 $2,570 
Weighted-average lease terms and discount rates
The following table shows the weighted-average lease terms and discount rates for operating leases:
As of
January 3, 2026October 4, 2025
Operating leases:
Weighted-average remaining lease term (in years):
6.56.6
Weighted-average discount rate:7.1 %6.9 %
Future lease payments after ASC 842 adoption
Future lease payments, excluding short-term leases, as of January 3, 2026, are detailed as follows:
As of
(in thousands)January 3, 2026
Remaining fiscal 2026$6,481 
Fiscal 20277,527 
Fiscal 20286,953 
Fiscal 20296,651 
Fiscal 20305,215 
Thereafter13,548 
Total minimum lease payments46,375 
Less: Interest$9,393 
Present value of lease obligations$36,982 
Less: Current portion$5,893 
Long-term portion of lease obligations$31,089