Leases

3 Months Ended

Dec. 31, 2022

The components of lease expense for the three months ended December 31, 2022 and January 1, 2022 indicated were as follows (in thousands):


	Three Months Ended
	December 31, 2022		January 1, 2022
Finance lease expense:
Amortization of right-of-use assets	$	1,614	$	1,693
Interest on lease liabilities	1,272		1,222
Operating lease expense	2,606		2,857
Other lease expense	1,766		1,404
Total	$	7,258	$	7,176

Based on the nature of the right-of use ("ROU") asset, amortization of finance lease ROU assets, operating lease expense and other lease expense are recorded within either cost of goods sold or selling and administrative expenses and interest on finance lease liabilities is recorded within interest expense on the Condensed Consolidated Statements of Comprehensive Income. Other lease expense includes lease expense for leases with an estimated total term of twelve months or less and variable lease expense related to variations in lease payments as a result of a change in factors or circumstances occurring after the lease possession date.

The following tables sets forth the amount of lease assets and lease liabilities included in the Company’s Condensed Consolidated Balance Sheets (in thousands):


	Financial Statement Line Item	December 31, 2022		October 1, 2022
ASSETS
Finance lease assets	Property, plant and equipment, net	$	38,025	$	40,063
Operating lease assets	Operating lease right-of-use assets	64,069		65,134
Total lease assets		$	102,094	$	105,197

LIABILITIES AND SHAREHOLDERS' EQUITY
Current
Finance lease liabilities	Current portion of long-term debt and finance lease obligations	$	4,406	$	5,087
Operating lease liabilities	Other accrued liabilities	8,878		7,948
Non-current
Finance lease liabilities	Long-term debt and finance lease obligations, net of current portion	38,583		39,257
Operating lease liabilities	Long-term operating lease liabilities	32,149		33,628
Total lease liabilities		$	84,016	$	85,920