LEASES (Tables)

3 Months Ended

Jan. 01, 2021

Leases [Abstract]

Supplmental balance Sheet Information Related to the Company's Leases

Supplemental balance sheet information related to the Company’s operating leases were as follows:

	January 1, 2021		September 30, 2020
Weighted average remaining lease term for operating leases (in years)	3.5		3.8
Weighted average discount rate for operating leases	5.47	%	5.47	%

Supplemental balance sheet information related to the Company’s finance leases were as follows:

	January 1, 2021	September 30, 2020
Finance lease right-of-use assets, net of accumulated amortization (included in PP&E) (in thousands)	28,069	6,329
Weighted average remaining lease term for finance leases (in years)	13.4	11.3
Weighted average discount rate for finance leases	3.57%	4.83%

Components of Lease Expense and Supplemental Cash Flow Information

The components of lease expense, recorded in cost of sales, selling and administrative expenses and interest expense in the condensed consolidated statements of operation, during the three months ended January 1, 2021 and December 27, 2019 were as follows:

		Three Months Ended
Lease Expense	Classification	January 1, 2021		December 27, 2019
(in thousands)
Operating lease expense
Fixed payment operating lease expense ¹	Cost of sales	$	51	$	26
Fixed payment operating lease expense	Selling and administrative expenses	13		15
Variable payment operating lease expense		—		—
Finance lease expense
Depreciation of ROU assets	Cost of sales	330		129
Depreciation of ROU assets	Selling and administrative expenses	22		—
Interest	Interest expense	215		85
Total lease expense		$	631	$	255

1 Includes short-term leases which are not material.

Supplemental Cash Flow Information

Supplemental cash flow information related to the Company's leases during the three months ended January 1, 2021 and December 27, 2019 were as follows:

	Three Months Ended
Supplemental Cash Flow	January 1, 2021		December 27, 2019
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Cash paid for operating lease ROU assets	$	18	$	32
Interest paid on finance leases	215		85
Lease liabilities arising from obtaining ROU assets:
Finance leases	$	19,142	$	19

Summary of Operating Lease Payments

A summary of operating lease payments for the next five years follows:

Operating Lease Payment Schedule	Contractual Lease Payments
(in thousands)
Twelve months ending first fiscal quarter
2022	$	73
2023	72
2024	72
2025	37
2026 and thereafter	—
Total operating lease payments	254
Less: amounts representing interest	(24)
Total operating lease obligation	$	230

Summary of Finance Lease Payments

A summary of finance lease payments for the next five years follows:

Finance Lease Payment Schedule	Contractual Lease Payments
(in thousands)
Twelve months ending first fiscal quarter
2022	$	2,442
2023	2,497
2024	2,551
2025	2,608
2026 and thereafter	25,785
Total finance lease payments	35,883
Less: amounts representing interest	(7,765)
Total finance lease obligation	$	28,118