XML 38 R26.htm IDEA: XBRL DOCUMENT
v3.20.2

Leases (Tables) | 9 Months Ended
--- | ---
Jun. 27, 2020
Leases [Abstract] |
Components of Lease Expense | The components of lease expense for the three and nine months ended June 27, 2020 were as follows:
| Three Months Ended |  | Nine Months Ended
| June 27, 2020 |  | June 27, 2020
(In thousands) |  |  |
Operating lease cost | $ | 3,245 |  |  | $ | 10,427 |
Short-term lease cost | 60 |  |  | 176 |
Variable lease cost | 1,148 |  |  | 4,095 |
Total lease cost | $ | 4,453 |  |  | $ | 14,698 |
Maturity of Lease Liabilities | The following table summarizes the maturity of lease liabilities under operating leases as of June 27, 2020:
Fiscal years ending | Operating leases
(In thousands) |
Remainder of fiscal 2020 | $ | 3,773 |
2021 | 15,244 |
2022 | 14,479 |
2023 | 14,854 |
2024 | 13,835 |
2025 | 9,172 |
Thereafter | 1,777 |
Total lease payments | 73,134 |
Less imputed interest | (8,491) |
Total lease liabilities (1) | $ | 64,643 |
(1) Total lease liabilities reflects the lease liabilities associated with the Company's New York retail space and satellite offices that were closed as a part of the 2020 restructuring plan. Refer to Note 14 for discussion of the impact of the associated ROU lease asset.
Schedule of Future Minimum Rental Payments for Operating Leases | Under Topic 840, the following table represents the gross minimum rental commitments under noncancelable leases as disclosed in the Company’s Annual Report on Form 10-K for the fiscal year ended September 28, 2019:
Fiscal years ending | Operating leases
(In thousands) |
2020 | $ | 15,627 |
2021 | 14,759 |
2022 | 14,136 |
2023 | 14,395 |
2024 | 13,615 |
Thereafter | 10,951 |
Total minimum lease commitments | $ | 83,483 |

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121573735&loc=d3e41502-112717 + Details
Name: | us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration