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LEASES (Tables) | 12 Months Ended
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Sep. 27, 2024
Leases [Abstract] |
Schedule of Supplemental Balance Sheet Information, Weighted Average Remaining Lease Terms and Discount Rates | The following table presents supplemental balance sheet information related to the Company's operating and finance leases:
(In millions) | Balance Sheet Location |  | September 27, 2024 |  | September 29, 2023
Assets |  |  |  |  |
Operating lease right-of-use assets | Operating lease assets |  | $ | 28.3 |  |  | $ | 29.0 |
Finance lease right-of-use assets | Property, plant and equipment, net |  | 6.6 |  |  | 0.3 |
Liabilities |  |  |  |  |
Operating lease liabilities (current) | Current operating lease liabilities |  | 4.0 |  |  | 3.8 |
Finance lease liabilities (current) | Accrued liabilities and other current liabilities |  | 0.4 |  |  | 0.1 |
Operating lease liabilities (non-current) | Operating lease liabilities |  | 23.0 |  |  | 23.1 |
Finance lease liabilities (non-current) | Other long-term liabilities |  | $ | 5.9 |  |  | $ | 0.2 |
The following table presents the weighted average remaining lease term and discount rate information related to the Company's operating and finance leases:
| September 27, 2024 |  | September 29, 2023
Operating lease weighted average remaining lease term (in years) | 7.9 |  | 7.8
Operating lease weighted average discount rate | 8.0 | % |  | 7.9 | %
Finance lease weighted average remaining lease term (in years) | 13.9 |  | 3.6
Finance lease weighted average discount rate | 6.1 | % |  | 4.7 | %
Schedule of Lease Cost and Supplemental Cash Flow Information | The following table provides information related to the Company’s operating and finance leases:
(In millions) | 2024 |  | 2023 |  | 2022
Total operating lease costs(1) | $ | 6.3 |  |  | $ | 5.8 |  |  | $ | 6.4 |
Total finance lease costs | $ | 0.3 |  |  | $ | 0.2 |  |  | $ | 0.2 |
Operating cash flows from operating leases | $ | 5.9 |  |  | $ | 7.8 |  |  | $ | 7.3 |
Financing cash flows from finance leases | 0.5 |  |  | 0.3 |  |  | 0.2 |
Total cash paid for amounts included in the measurement of lease liabilities | $ | 6.4 |  |  | $ | 8.1 |  |  | $ | 7.5 |
Non-cash operating right-of-use assets obtained in exchange for new lease liabilities | $ | 5.4 |  |  | $ | 10.6 |  |  | $ | 5.4 |
Non-cash finance right-of-use assets obtained in exchange for new lease liabilities | 6.5 |  |  | 0.2 |  |  | 0.1 |
Total right-of-use assets obtained in exchange for new lease liabilities | $ | 11.9 |  |  | $ | 10.8 |  |  | $ | 5.5 |
(1) Includes variable and short-term lease expense, which were immaterial for fiscal years 2024, 2023, and 2022.
Schedule of Finance Lease Liability Maturities | As of September 27, 2024, maturities of operating lease and finance lease liabilities for each of the following five years and a total thereafter were as follows:
(In millions) |  |  |
Fiscal Years: | Operating Leases |  | Finance Leases
2025 | $ | 5.8 |  |  | $ | 0.8 |
2026 | 4.8 |  |  | 0.7 |
2027 | 4.5 |  |  | 0.7 |
2028 | 3.8 |  |  | 0.6 |
2029 | 3.3 |  |  | 0.6 |
Thereafter | 15.3 |  |  | 6.0 |
Total future lease payments | $ | 37.5 |  |  | $ | 9.4 |
Less: imputed interest | (10.5) |  |  | (3.1) |
Present value of lease liabilities | $ | 27.0 |  |  | $ | 6.3 |
Schedule of Operating Lease Liability Maturities | As of September 27, 2024, maturities of operating lease and finance lease liabilities for each of the following five years and a total thereafter were as follows:
(In millions) |  |  |
Fiscal Years: | Operating Leases |  | Finance Leases
2025 | $ | 5.8 |  |  | $ | 0.8 |
2026 | 4.8 |  |  | 0.7 |
2027 | 4.5 |  |  | 0.7 |
2028 | 3.8 |  |  | 0.6 |
2029 | 3.3 |  |  | 0.6 |
Thereafter | 15.3 |  |  | 6.0 |
Total future lease payments | $ | 37.5 |  |  | $ | 9.4 |
Less: imputed interest | (10.5) |  |  | (3.1) |
Present value of lease liabilities | $ | 27.0 |  |  | $ | 6.3 |

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- 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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- 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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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