v3.25.1
LEASES (Tables)
 6 Months Ended
Mar. 29, 2025
Leases [Abstract]  
Lease expense and components of lease expense
The following table shows the components of lease expense:
 Three months endedSix months ended
(in thousands)March 29, 2025March 30, 2024March 29, 2025March 30, 2024
Operating lease expense (1)
$2,369 $2,558 $4,717 $5,415 
(1)Operating lease expense includes short-term lease expense and variable lease expenses, which is immaterial for the three and six months ended March 29, 2025 and March 30, 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:
 Six months ended
(in thousands)March 29, 2025March 30, 2024
Cash paid for amounts included in the measurement of lease liabilities:
 Operating cash outflows from operating leases$5,068 $4,705 
Weighted-average lease terms and discount rates
The following table shows the weighted-average lease terms and discount rates for operating leases:
 As of
March 29, 2025September 28, 2024
Operating leases:
Weighted-average remaining lease term (in years):
7.07.3
Weighted-average discount rate:7.1 %7.2 %
Future lease payments after ASC 842 adoption
Future lease payments, excluding short-term leases, as of March 29, 2025, are detailed as follows:
As of
(in thousands)March 29, 2025
Remaining fiscal 2025$4,939 
Fiscal 20267,924 
Fiscal 20275,649 
Fiscal 20284,959 
Fiscal 20294,874 
Thereafter17,941 
Total minimum lease payments$46,286 
Less: Interest$10,009 
Present value of lease obligations$36,277 
Less: Current portion$6,702 
Long-term portion of lease obligations$29,575