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BORROWINGS (Tables) | 12 Months Ended
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Oct. 03, 2025
Debt Disclosure [Abstract] |
Schedule of Maturities of Long-Term Debt | The following table summarizes the Company’s short-term and long-term debt:
| October 3, 2025 |  | September 27, 2024 |  |  |  |
(In millions, except for percentages) | Amount |  | Amount |  | Contractual Interest Rate |  | Effective Interest Rate
Current maturities of long-term debt: |  |  |  |  |  |  |
Convertible Senior Unsecured Notes | $ | — |  |  | $ | 45.0 |  |  | 4.0% |  | 4.8%
Other debt | 1.5 |  |  | 1.5 |  |  |  |  |
Total current maturities of long-term debt | $ | 1.5 |  |  | $ | 46.5 |  |  |  |  |
Non-current maturities of long-term debt: |  |  |  |  |  |  |
Convertible Senior Unsecured Notes(1) | $ | — |  |  | $ | 155.0 |  |  | 4.0% |  | 4.8%
Senior Secured Notes | 368.0 |  |  | 243.0 |  |  | 7.9% |  | 8.2%
Other debt | 0.4 |  |  | 2.1 |  |  |  |  |
Total non-current maturities of long-term debt | $ | 368.4 |  |  | $ | 400.1 |  |  |  |  |
Unamortized issuance costs and debt discounts: |  |  |  |  |  |  |
Unamortized issuance costs - Convertible Notes | $ | — |  |  | $ | (1.0) |  |  |  |  |
Unamortized issuance costs, net of debt premium - Senior Secured Notes | (2.4) |  |  | (2.2) |  |  |  |  |
Total unamortized issuance costs and debt discounts | (2.4) |  |  | (3.2) |  |  |  |  |
Total debt outstanding, net | $ | 367.5 |  |  | $ | 443.4 |  |  |  |  |
(1) This amount has been excluded from current liabilities as it is supported by the Revolving Credit Facility and restricted cash from the proceeds of the Senior Secured Notes Add On (as defined below), which are expected to remain outstanding for an uninterrupted period extending beyond one year from the balance sheet date. Future principal payments of long-term debt outstanding as of October 3, 2025 are as follows:
(In millions) |
Fiscal Years: |
2026 | $ | 1.5 |
2027 | 368.4 |
2028 | — |
2029 | — |
2030 | — |
Thereafter | — |
Total debt outstanding | $ | 369.9 |
Less: current maturities of long-term debt | (1.5) |
Non-current portion of long-term debt | $ | 368.4 |
Schedule of Interest Expense | The following table summarizes the Company’s interest expense:
| Fiscal Years |  |
(In millions) | 2025 |  | 2024 |  | 2023 |  |
Contractual interest coupon and other | $ | 32.7 |  |  | $ | 26.8 |  |  | $ | 26.7 |  |  |
Amortization of debt issuance costs | 2.8 |  |  | 3.4 |  |  | 2.6 |  |  |
Total interest expense | $ | 35.5 |  |  | $ | 30.2 |  |  | $ | 29.3 |  |  |

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