v3.25.2
LEASES (Tables)
 9 Months Ended
Jun. 28, 2025
Leases [Abstract]  
Lease expense and components of lease expense
The following table shows the components of lease expense:
Three months endedNine months ended
(in thousands)June 28, 2025June 29, 2024June 28, 2025June 29, 2024
Operating lease expense (1)
$2,239 $2,310 $6,956 $7,725 
(1)Operating lease expense includes short-term lease expense and variable lease expenses, which is immaterial for the three and nine months ended June 28, 2025 and June 29, 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:
Nine months ended
(in thousands)June 28, 2025June 29, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases$7,909 $7,867 
Weighted-average lease terms and discount rates
The following table shows the weighted-average lease terms and discount rates for operating leases:
As of
June 28, 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 June 28, 2025, are detailed as follows:
As of
(in thousands)June 28, 2025
Remaining fiscal 2025$2,441 
Fiscal 20268,422 
Fiscal 20276,070 
Fiscal 20285,294 
Fiscal 20295,163 
Thereafter18,893 
Total minimum lease payments46,283 
Less: Interest$9,934 
Present value of lease obligations$36,349 
Less: Current portion$6,566 
Long-term portion of lease obligations$29,783