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Debt (Tables)
6 Months Ended
Mar. 28, 2020
Debt Disclosure [Abstract]  
Schedule of short and long term debt
The Company’s short- and long-term debt obligations as of March 28, 2020 and September 28, 2019 were as follows:
 
March 28, 2020
 
September 28, 2019
(In thousands, except percentages)
 
 
 
 
 
 
 
Term loan (1)
4.1
%
 
$
30,000

 
4.6
%
 
$
33,333

Unamortized debt issuance costs (2)
 
 
(122
)
 
 
 
(160
)
Total indebtedness
 
 
29,878

 
 
 
33,173

Less short-term portion
 
 
(8,333
)
 
 
 
(8,333
)
Long-term debt
 
 
$
21,545

 
 
 
$
24,840


(1)
Due in October 2021 and bears interest at a variable rate equal to an adjusted LIBOR plus 2.25%, payable quarterly.
(2)
Debt issuance costs are recorded as a debt discount and recorded as interest expense over the term of the agreement.