v3.26.1
Debt, Finance Lease and Other Financing Obligations
 9 Months Ended
Jul. 04, 2026
Debt and Lease Obligation [Abstract]  
Debt, Finance Lease and Other Financing Obligations Debt, Finance Lease and Other Financing Obligations
Debt and finance lease obligations as of July 4, 2026 and September 27, 2025, consisted of the following (in thousands):
July 4,
2026		September 27,
2025
4.22% Senior Notes, due June 15, 2028
$50,000 $50,000 
Borrowings under the Credit Facility172,000 40,000 
Finance lease and other financing obligations54,794 48,274 
Unamortized deferred financing fees(1,336)(494)
Total obligations275,458 137,780 
Less: current portion(183,814)(45,793)
Long-term debt, finance lease and other financing obligations, net of current portion$91,644 $91,987 
As of July 4, 2026, the Company was in compliance with covenants under all debt agreements.
On June 5, 2026, the Company refinanced its then-existing revolving credit facility (as amended by that certain Amended and Restated Credit Agreement dated June 9, 2022, the "Prior Credit Facility"), by entering into a new 5-year revolving credit facility (collectively with the Prior Credit Facility referred to as the "Credit Facility"), which extended the maturity from June 9, 2027 to June 5, 2031. The maximum commitment under the Credit Facility is $500 million and may be further increased to $750 million, generally by mutual agreement of the Company and the lenders, subject to certain customary conditions. During the nine months ended July 4, 2026, the highest daily borrowing under the Credit Facility was $233.0 million; the average daily borrowings were $127.6 million. During the nine months ended June 28, 2025, the highest daily borrowing was $125.0 million; the average daily borrowings were $33.3 million.
The fair value of the Company’s debt, excluding finance lease and other financing obligations, was $220.9 million and $89.0 million as of July 4, 2026 and September 27, 2025, respectively. The carrying value of the Company's debt, excluding finance lease and other financing obligations, was $222.0 million and $90.0 million as of July 4, 2026 and September 27, 2025, respectively. If measured at fair value in the financial statements, the Company's debt would be classified as Level 1 in the fair value hierarchy. Refer to Note 4, "Derivatives and Fair Value Measurements," for further information regarding the Company's fair value calculations and classifications.