Debt (Tables)

9 Months Ended

Jul. 03, 2021

Debt Disclosure [Abstract]

Schedule of short and long term debt

As of July 3, 2021, the Company did not have any remaining short- or long-term debt obligations, and as of October 3, 2020, the Company’s short- and long-term debt obligations were as follows:

	October 3, 2020
	Rate	Balance
(In thousands, except percentages)
Term loan (1)	2.4 %	$	25,000
Unamortized debt issuance costs (2)		(82)
Total indebtedness		24,918
Less short-term portion		(6,667)
Long-term debt		$	18,251

(1)Original maturity date of October 2021 and bore interest at a variable rate equal to an adjusted LIBOR plus 2.25%, payable quarterly.

(2)Debt issuance costs were recorded as a debt discount and recorded as interest expense over the term of the agreement.