v3.26.1
OTHER EXPENSE (INCOME), NET
 9 Months Ended
Jun. 26, 2026
Other Income and Expenses [Abstract]  
OTHER EXPENSE (INCOME), NET
7. OTHER EXPENSE (INCOME), NET

Other expense (income), net consisted of the following:
Three months endedNine months ended
(in thousands)June 26, 2026June 27, 2025June 26, 2026June 27, 2025
Loss (gain) on assets held for sale$— $(195)$25,664 $154 
Foreign exchange loss on intercompany loans— — — 1,021 
Pension-related benefits (charges)(52)45 (157)133 
Loss on sale of business12,653 — 10,378 6,101 
Other expense (income), net$12,601 $(150)$35,886 $7,409 

In fiscal 2026, the Company divested Vergo Coating SRL and Vergo Galva NV, Tectron Tube as well as operations in Russia, resulting in the Company recognizing a loss of $1,204, a gain of $2,415 and a loss of $140, respectively. In fiscal 2025, the Company divested Northwest Polymers, resulting in the Company recognizing a loss of $6,101.

During the third quarter of fiscal 2026, the Company finalized the post-closing net working capital adjustment related to the sale of Tectron Tube. The settlement resulted in a decrease to consideration received of $953, which was recognized as an adjustment to the gain on sale of business during the quarter.

At the end of the second quarter of fiscal 2026, the HDPE business met the criteria to be classified as held for sale and was measured at the lower of carrying amount or fair value less costs to sell, resulting in a loss on assets held for sale of $25,664. On April 7, 2026, the Company completed the divestiture and recognized an additional loss of $10,497. See Note 3, “Divestitures” for details.