v3.26.1
LEASES (Tables)
 9 Months Ended
Jul. 04, 2026
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)July 4, 2026June 28, 2025July 4, 2026June 28, 2025
Operating lease expense (1)
$2,312 $2,239 $6,842 $6,956 
(1)Operating lease expense includes short-term lease expense and variable lease expenses, which is immaterial for the three and nine months ended July 4, 2026 and June 28, 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:
Nine months ended
(in thousands)July 4, 2026June 28, 2025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases$6,743 $7,909 
Weighted-average lease terms and discount rates
The following table shows the weighted-average lease terms and discount rates for operating leases:
As of
July 4, 2026October 4, 2025
Operating leases:
Weighted-average remaining lease term (in years):
6.36.6
Weighted-average discount rate:6.8 %6.9 %
Future lease payments after ASC 842 adoption
Future lease payments, excluding short-term leases, as of July 4, 2026, are detailed as follows:
As of
(in thousands)July 4, 2026
Remaining fiscal 2026$2,204 
Fiscal 20278,278 
Fiscal 20287,666 
Fiscal 20297,331 
Fiscal 20305,880 
Thereafter15,615 
Total minimum lease payments46,974 
Less: Interest$8,856 
Present value of lease obligations$38,118 
Less: Current portion$6,083 
Long-term portion of lease obligations$32,035