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Leases | 12 Months Ended
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Oct. 01, 2022
Leases [Abstract] |
Leases | Note 11—Leases Operating Leases We lease certain locations, office, distribution, and manufacturing facilities under operating leases that expire at various dates through December 2033. We are obligated to make cash payments in connection with various lease obligations and purchase commitments. All of these obligations require cash payments to be made by us over varying periods of time. Certain leases are renewable at our option typically for periods of five or more years. Certain of these arrangements are cancelable on short notice and others require payments upon early termination. We do not have any finance leases. The following table summarizes the components of lease expense (in thousands):
|  | Year Ended |
|  | October 1, 2022 |  |  | October 2, 2021 |  |  | October 3, 2020 |
Operating lease expense |  | $ | 72,922 |  |  | $ | 68,130 |  |  | $ | 66,642 |
Variable lease expense |  |  | — |  |  |  | 1,129 |  |  |  | 819 |
Total net lease expense |  | $ | 72,922 |  |  | $ | 69,259 |  |  | $ | 67,461 |
As of October 1, 2022 and October 2, 2021, operating lease right-of-use assets obtained in exchange for operating lease liabilities totaled $32.6 million and $9.7 million, respectively. The following table presents the weighted-average remaining lease term and discount rate for operating leases:
|  | October 1, 2022 |  |  | October 2, 2021 |
Weighted-average remaining lease term |  | 4.4 years |  |  | 4.3 years |
Weighted-average discount rate |  |  | 5.5 | % |  |  | 5.1 | %
The following table summarizes the future annual minimum lease payments as of October 1, 2022 (in thousands):
|  | Amount |
2023 |  | $ | 71,851 |
2024 |  |  | 67,558 |
2025 |  |  | 51,216 |
2026 |  |  | 40,959 |
2027 |  |  | 22,844 |
Thereafter |  |  | 17,863 |
Total |  | $ | 272,291 |
Less: amount of lease payments representing imputed interest |  |  | 32,083 |
Present value of future minimum lease payments |  |  | 240,208 |
Less: current operating lease liabilities |  |  | 60,373 |
Operating lease liabilities, noncurrent |  | $ | 179,835 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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