v3.26.1
FAIR VALUE MEASUREMENTS
 9 Months Ended
Jul. 05, 2026
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS
Financial assets and liabilities — The following table presents our financial assets and liabilities measured at fair value on a recurring basis (in thousands):
TotalQuoted Prices
in Active
Markets for
Identical
Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
Fair value measurements as of July 5, 2026:
Non-qualified deferred compensation plan (1)
$15,524 $15,524 $— $— 
Total liabilities at fair value$15,524 $15,524 $— $— 
Fair value measurements as of September 28, 2025:
Non-qualified deferred compensation plan (1)
$18,326 $18,326 $— $— 
Total liabilities at fair value$18,326 $18,326 $— $— 
____________________________
(1)The Company maintains an unfunded defined contribution plan for key executives and other members of management. The fair value of this obligation is based on the closing market prices of the participants’ elected investments. The obligation is included in “Accrued liabilities” and “Other long-term liabilities” on our condensed consolidated balance sheets.
The Company did not have any transfers in or out of Level 1, 2 or 3 for its financial liabilities.
The following table presents the carrying value and estimated fair value of our Class A-2 Notes as of July 5, 2026 and September 28, 2025 (in thousands):
July 5,
2026		September 28,
2025
Carrying AmountFair ValueCarrying AmountFair Value
Series 2019 Class A-2 Notes$426,375 $398,234 $692,375 $675,500 
Series 2022 Class A-2 Notes$526,606 $514,070 $1,023,000 $952,720 
Series 2026 Class A-2 Notes$500,000 $500,850 $— $— 
The fair value of the Class A-2 Notes was estimated using Level 2 inputs based on quoted market prices in markets that are not considered active markets. On both January 9, 2026 and June 10, 2026, the Company made a prepayment on its Series 2019-1 Class A-2-II Notes. On June 23 2026, the Company issued $500.0 million of Series 2026-1 Fixed Rate Senior Secured Notes, Class A-2 (the “2026 Class A-2 Notes”) and used the proceeds to pay down the remainder of the Series 2019-1 Class A-2-II Notes and a portion of the 2022-1 Class A-2-I Notes. Refer also to Note 7, Indebtedness, for additional information on the repayment and refinancing transactions.
Non-financial assets and liabilities — The Company’s non-financial instruments, which primarily consist of property and equipment, operating lease right-of-use assets, goodwill and intangible assets, are reported at carrying value and are not required to be measured at fair value on a recurring basis. However, on an annual basis, or whenever events or changes in circumstances indicate that their carrying value may not be recoverable, non-financial instruments are assessed for impairment. If applicable, the carrying values are written down to fair value.