Guarantees, Commitments and Contingencies (Tables)

12 Months Ended

Oct. 03, 2020

Commitments and Contingencies Disclosure [Abstract]

Schedule of Supplemental Cash Flow Information

Supplemental cash flow information is presented in the following table:

	Fiscal Years Ended
(in thousands)	2020		2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows - operating leases	$	1,711	$	1,758
Operating cash flows - finance leases	238		17
Financing cash flows - finance leases	945		133
Right-of-use assets exchanged for lease liabilities
Operating leases	$	—	$	8,040
Finance leases	3,496		4,770

The components of lease costs included on the Consolidated Statements of Operations are as follows:

(in thousands)		Fiscal Years Ended
Lease cost	Classification	2020		2019
Operating leases	Selling, general and administrative expenses	$	1,440	$	1,898
Finance leases
Amortization of lease assets	Cost of goods sold	1,168		133
Interest on lease liabilities	Interest expense	238		17
Short-term leases (1)	Cost of goods sold or selling, general and administrative expenses	1,390		1,356
Total lease cost		$	4,236	$	3,404

(1) Short-term lease cost includes both leases and rentals with initial terms of one year or less. Classification depends on the purpose of the underlying lease.

Schedule of Supplemental Balance Sheet Information

The following table summarizes the lease amounts included on the Consolidated Balance Sheets as follows:

(in thousands)	Balance Sheet Location	October 3, 2020		September 28, 2019
Assets
Operating	Property, plant and equipment	$	5,857	$	6,872
Finance (1)	Finance lease right-of-use	6,983		4,638
Total lease assets		$	12,840	$	11,510
Liabilities
Current
Operating	Other current liabilities	$	1,060	$	1,187
Finance	Finance lease obligations	1,280		716
Long-term
Operating	Other liabilities	6,651		7,658
Finance	Finance lease obligations	5,879		3,921
Total lease liabilities		$	14,870	$	13,482

(1) Net of accumulated amortization of $1.3 million

Lease terms and discount rates are presented in the following table:

	October 3, 2020
	Operating		Finance
Weighted average remaining lease term	6.3 years		4.7 years
Weighted average discount rate	4.5	%	3.8	%

Schedule of Operating Lease Liability Maturities

Lease liability maturities are presented in the following table:

(in thousands)	October 3, 2020
Fiscal Years Ended	Operating		Finance		Total
2021	$	1,388	$	1,530	$	2,918
2022	1,404		1,530		2,934
2023	1,427		1,530		2,957
2024	1,444		1,530		2,974
2025	1,456		1,755		3,211
Thereafter	1,780		—		1,780
Total future minimum lease payments	8,899		7,875		16,774
Less: imputed interest	1,188		716		1,904
Total lease liabilities	$	7,711	$	7,159	$	14,870

Schedule of Finance Lease Liability Maturities

Lease liability maturities are presented in the following table:

(in thousands)	October 3, 2020
Fiscal Years Ended	Operating		Finance		Total
2021	$	1,388	$	1,530	$	2,918
2022	1,404		1,530		2,934
2023	1,427		1,530		2,957
2024	1,444		1,530		2,974
2025	1,456		1,755		3,211
Thereafter	1,780		—		1,780
Total future minimum lease payments	8,899		7,875		16,774
Less: imputed interest	1,188		716		1,904
Total lease liabilities	$	7,711	$	7,159	$	14,870

Contractual Obligation, Fiscal Year Maturity

In the ordinary course of business, the Company enters into short-term contractual purchase orders for manufacturing inventory and capital assets. The amount of these commitments is expected to be as follows:

(in thousands)
Fiscal Years Ended	Amount
2021	$	82,325
2022	159
Total purchase commitments	$	82,484