Financing (Tables)

12 Months Ended

Oct. 03, 2020

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Long-term debt consists of the following:

	2020		2019
Long-term debt
Tranche B term loan, 1.00% amortizing per year, maturing July 5, 2023	$	169,095	$	173,695
Revolving credit facility, non-current portion, expiring July 5, 2023	58,576		—
Senior unsecured notes, 5.75% coupon, maturing August 15, 2027	350,000		350,000
Capital lease obligations 1	—		1,436
Total long-term debt	$	577,671	$	525,131
Less: Unamortized underwriting discounts, commissions and other expenses	(8,341)		(10,313)
Less: Current maturities of tranche B term loan debt 2, 3	(4,600)		(29,600)
Less: Current maturities of revolving credit facility	(23,000)		—
Less: Current maturities of capital lease obligations 1, 2	—		(570)
Total long-term debt, less current maturities, net	$	541,730	$	484,648

1    Capital lease obligations were reclassified from long-term debt, less current maturities, net and current maturities of long-term debt, net to other accrued liabilities and other long-term liabilities in the Consolidated Balance Sheets as part of the adoption of the new lease standard in the first quarter of fiscal year 2020. See Note 4 for additional information on leases.

2    In addition to the current maturities above, current maturities of long-term debt, net on the Consolidated Balance Sheets includes the current portion of unamortized underwriting discounts, commissions and other expenses of $1,757 and $2,201 as of October 3, 2020 and September 28, 2019, respectively.

3    As of October 3, 2020 and September 28, 2019, current maturities of tranche B term loan consist of the 1% annual payment and calculated required annual Excess Cash Flow payment as defined below, as well as planned prepayments.

Schedule of Maturities of Long-term Debt

Future maturities of long-term debt, excluding unamortized original issue discounts and deferred financing costs, for the next five fiscal years and thereafter are as follows:

Fiscal Year	Future Maturities 4
2021	$	27,600
2022	4,600
2023	195,471
2024	—
2025	—
Thereafter	350,000

4    Fiscal year 2021 includes the 1% annual payment on the Term Facility. No Excess Cash Flow prepayment is required under the provisions of the Credit Agreement for the Term Facility. Fiscal years 2022 and thereafter exclude any Excess Cash Flow prepayments which may be required under the provisions of the Credit Agreement for the Term Facility based on fiscal year 2021 and subsequent fiscal year results because the amount of future prepayments, if any, is not reasonably estimable as of October 3, 2020.