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Employee Benefit Plans (Tables)
 12 Months Ended
Oct. 03, 2020
Retirement Benefits [Abstract]  
Summary of Changes in Benefit Obligations and Plan Assets
Changes in benefit obligations and plan assets are as follows:
20202019
Change in benefit obligation  
Projected benefit obligation, beginning of year$40,918 $33,909 
Service cost1,676 1,271 
Interest cost299 612 
Actuarial (gain) loss(2,993)8,304 
Currency translation3,119 (2,419)
Special termination benefits137 — 
Curtailments(686)— 
Benefits paid(800)(759)
Projected benefit obligation, end of year$41,670 $40,918 
Change in plan assets  
Fair value of plan assets, beginning of year$23,481 $23,871 
Actual return on plan assets(805)1,144 
Employer contributions800 759 
Currency translation1,827 (1,534)
Benefits paid(800)(759)
Fair value of plan assets, end of year$24,503 $23,481 
Summary of Funded Status of Defined Benefit Retirement Plan
The funded status of the defined benefit pension plan and amounts included in our Consolidated Balance Sheets are as follows:
20202019
Funded status  
Funded status, end of year$(17,167)$(17,437)
Actuarial net loss in AOCI, pre-tax14,945 16,546 
Net amount recognized$(2,222)$(891)
Included in Consolidated Balance Sheets  
Accrued payroll and related costs$(1,047)$(853)
Defined benefit pension plan obligation(15,982)(16,585)
Other long-term liabilities(137)— 
Deferred income taxes4,524 5,008 
AOCI, net of tax10,420 11,539 
Net amount recognized$(2,222)$(891)
Weighted Average Assumptions Used to Determine Defined Benefit Retirement Plan Obligation
The weighted average assumptions used to determine the defined benefit pension plan obligation as of October 3, 2020 and September 28, 2019 in the Consolidated Balance Sheets and the net periodic benefit cost for fiscal year 2021 are as follows:
20202019
Discount rate0.97 %0.72 %
Expected rate of return on plan assets5.30 %5.50 %
Expected rate of increase in future compensation levels3.00 %3.00 %
Actual Defined Benefit Retirement Plan Asset Allocations
The actual defined benefit pension plan asset allocations within the balanced mutual fund are as follows:
 Percentage of Plan Assets
 20202019
Fixed income securities1
85.0 %77.8 %
Cash and cash equivalents2
15.0 %22.2 %
Total100.0 %100.0 %
1    Fixed income securities are comprised primarily of international government agency and international corporate bonds with investment grade ratings.
2     Cash and cash equivalents include deposit accounts holding cash in Euros and other currencies and term deposits primarily held as collateral for equity futures. The market values of the equity and futures are linked to the values of equity indices of developed country markets, including the U.S., Great Britain, Europe, Canada, Switzerland and Japan. 
The fair value of the defined benefit pension plan assets, which are subject to fair value measurement as described in Note 7, are as follows:
 October 3, 2020
Level 1Level 2Level 3Total
Mutual fund3
$— $24,503 $— $24,503 
  
 September 28, 2019
Level 1Level 2Level 3Total
Mutual fund3
$— $23,481 $— $23,481 
3    The fair value of the mutual fund is valued based on closing prices from national exchanges, if the underlying securities are traded on an active market, or fixed income pricing models that use observable market inputs.
Net Periodic Benefit Cost for Defined Benefit Retirement Plan
Net periodic benefit cost for the defined benefit pension plan includes the following components:
202020192018
Service cost$1,676 $1,271 $1,282 
Interest cost299 612 640 
Expected return on plan assets(1,325)(1,271)(1,270)
Net amortization and deferral1,226 542 526 
Net periodic benefit cost$1,876 $1,154 $1,178 
Expected Future Pension Benefit Payments
Future pension benefit payments, which reflect expected future service for the next five fiscal years and the combined five fiscal years thereafter, are as follows:
Fiscal YearPension Benefit Payments
2021$1,048 
20221,118 
20231,144 
20241,168 
20251,217 
2026 through 20287,034 
Total$12,729