Financing (Tables)

3 Months Ended

Jan. 02, 2021

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Long-term debt consists of the following:

	January 2, 2021		October 3, 2020
Long-term debt
Tranche B term loan, 1.00% amortizing per year, maturing July 5, 2023	$	167,945	$	169,095
Revolving credit facility, expiring July 5, 20231	58,576		58,576
Senior unsecured notes, 5.75% coupon, maturing August 15, 2027	350,000		350,000
Total long-term debt	576,521		577,671
Less: Unamortized underwriting discounts, commissions and other expenses	(7,693)		(8,341)
Less: Current maturities of tranche B term loan debt 2,3	(4,600)		(4,600)
Less: Current maturities of revolving credit facility	(23,000)		(23,000)
Total long-term debt, less current maturities, net	$	541,228	$	541,730

1    Excludes short-term borrowings in the Consolidated Balance Sheets of $10,000 and $17,000 as of January 2, 2021 and October 3, 2020, respectively, utilized as part of working capital and other general corporate purposes.

2    In addition to the current maturities above, current maturities of long-term debt, net in the Consolidated Balance Sheets includes the current portion of unamortized underwriting discounts, commissions and other expenses of $1,743 and $1,757 as of January 2, 2021 and October 3, 2020, respectively.

3    As of January 2, 2021 and October 3, 2020, current maturities of tranche B term loan consist of the 1% annual payment and calculated or estimated required annual Excess Cash Flow payment as defined below, as well as planned prepayments.