GOODWILL AND INTANGIBLE ASSETS (Tables)
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9 Months Ended |
Jun. 27, 2025 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of Goodwill |
Changes in the carrying amount of goodwill are as follows: | | | | | | | | | | | | | | | | | | | | | | (in thousands) | | Electrical | | Safety & Infrastructure | | Total | | Balance as of September 30, 2024 | | $ | 261,284 | | | $ | 52,716 | | | $ | 314,000 | | | | | | | | | | | | | | | | | Divestiture | | (756) | | | — | | | (756) | | | | | | | | | | Exchange rate effects | | 1,018 | | | (71) | | | 947 | | | Balance as of June 27, 2025 | | $ | 261,546 | | | $ | 52,645 | | | $ | 314,191 | |
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| Schedule of Finite-Lived Intangible Assets |
The following table provides the gross carrying value, accumulated amortization and net carrying value for each major class of intangible asset:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 27, 2025 | | September 30, 2024 | | (in thousands) | Weighted Average Useful Life (Years) | | Gross Carrying Value | | Accumulated Amortization | | Net Carrying Value | | Gross Carrying Value | | Accumulated Amortization | | Net Carrying Value | | Amortizable intangible assets: | | | | | | | | | | | | | | | Customer relationships | 10 | | $ | 450,645 | | | $ | (341,688) | | | $ | 108,957 | | | $ | 600,317 | | | $ | (371,600) | | | $ | 228,717 | | | Other | 8 | | 27,575 | | | (20,766) | | | 6,809 | | | 43,968 | | | (25,067) | | | 18,901 | | | Total | | | 478,220 | | | (362,454) | | | 115,766 | | | 644,285 | | | (396,667) | | | 247,618 | | | Indefinite-lived intangible assets: | | | | | | | | | | | | | | | Trade names | | | 92,800 | | | — | | | 92,800 | | | 92,813 | | | — | | | 92,813 | | | Total | | | $ | 571,020 | | | $ | (362,454) | | | $ | 208,566 | | | $ | 737,098 | | | $ | (396,667) | | | $ | 340,431 | |
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| Schedule of Indefinite-Lived Intangible Assets |
The following table provides the gross carrying value, accumulated amortization and net carrying value for each major class of intangible asset:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 27, 2025 | | September 30, 2024 | | (in thousands) | Weighted Average Useful Life (Years) | | Gross Carrying Value | | Accumulated Amortization | | Net Carrying Value | | Gross Carrying Value | | Accumulated Amortization | | Net Carrying Value | | Amortizable intangible assets: | | | | | | | | | | | | | | | Customer relationships | 10 | | $ | 450,645 | | | $ | (341,688) | | | $ | 108,957 | | | $ | 600,317 | | | $ | (371,600) | | | $ | 228,717 | | | Other | 8 | | 27,575 | | | (20,766) | | | 6,809 | | | 43,968 | | | (25,067) | | | 18,901 | | | Total | | | 478,220 | | | (362,454) | | | 115,766 | | | 644,285 | | | (396,667) | | | 247,618 | | | Indefinite-lived intangible assets: | | | | | | | | | | | | | | | Trade names | | | 92,800 | | | — | | | 92,800 | | | 92,813 | | | — | | | 92,813 | | | Total | | | $ | 571,020 | | | $ | (362,454) | | | $ | 208,566 | | | $ | 737,098 | | | $ | (396,667) | | | $ | 340,431 | |
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| Schedule of Finite-Lived Intangible Assets, Future Amortization Expense |
Expected amortization expense for intangible assets for the remainder of fiscal 2025 and over the next five years and thereafter is as follows:
| | | | | | | | | | (in thousands) | | | | Remaining 2025 | | $ | 9,946 | | | 2026 | | 39,790 | | | 2027 | | 38,709 | | | 2028 | | 16,430 | | | 2029 | | 3,182 | | | 2030 | | 3,182 | | | Thereafter | | 4,527 | |
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