The Company leases office space in Wilmington, Massachusetts, Montreal, Canada, Plant City, Florida, Andover, Massachusetts, Milpitas, California, Coppell, Texas, and Ho Chi Minh City, Vietnam through operating lease arrangements.

The Company has no finance lease agreements. The operating lease arrangements expire at various dates through December 2030.

The following table presents the balance sheet location of the Company’s operating leases for each of the periods presented (in thousands):


	June 27, 2026		September 27, 2025
ROU assets:
Other assets	$	19,255	$	23,469

Lease Liabilities:
Accrued expenses and other current liabilities	$	8,050	$	7,722
Other liabilities	17,777		23,958
Total lease liabilities	$	25,827	$	31,680

The following table presents maturities of the Company’s operating lease liabilities as of June 27, 2026, presented under ASC Topic 842, Leases (in thousands):


	June 27, 2026
Remaining fiscal year 2026	$	2,296
Fiscal year 2027	9,391
Fiscal year 2028	5,592
Fiscal year 2029	5,473
Fiscal year 2030 and thereafter	7,099
Total future minimum payments	$	29,851
Less: Implied interest	(4,024)
Total lease liabilities	$	25,827

The Company uses its estimated incremental borrowing rate, which is derived from information available at the lease commencement date, in determining the present value of operating lease payments. To determine the estimated incremental borrowing rate, the Company uses publicly available credit ratings for peer companies. The Company estimates the incremental borrowing rate using yields for maturities that are in line with the duration of the lease payments. The weighted average discount rate for operating leases as of June 27, 2026 was 7.5%.