v3.26.1
LEASES (Tables)
 6 Months Ended
Apr. 04, 2026
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)April 4, 2026March 29, 2025April 4, 2026March 29, 2025
Operating lease expense (1)
$2,279 $2,369 $4,530 $4,717 
(1)Operating lease expense includes short-term lease expense and variable lease expenses, which is immaterial for the three and six months ended April 4, 2026 and March 29, 2025.
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)April 4, 2026March 29, 2025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases$4,432 $5,068 
Weighted-average lease terms and discount rates
The following table shows the weighted-average lease terms and discount rates for operating leases:
As of
April 4, 2026October 4, 2025
Operating leases:
Weighted-average remaining lease term (in years):
6.46.6
Weighted-average discount rate:6.8 %6.9 %
Future lease payments after ASC 842 adoption
Future lease payments, excluding short-term leases, as of April 4, 2026, are detailed as follows:
As of
(in thousands)April 4, 2026
Remaining fiscal 2026$4,511 
Fiscal 20278,267 
Fiscal 20287,656 
Fiscal 20297,341 
Fiscal 20305,897 
Thereafter15,647 
Total minimum lease payments49,319 
Less: Interest$9,533 
Present value of lease obligations$39,786 
Less: Current portion$6,192 
Long-term portion of lease obligations$33,594