Debt, Finance Lease and Other Financing Obligations

3 Months Ended

Dec. 31, 2022

Debt and Lease Obligation [Abstract]

Debt, Finance Lease and Other Financing Obligations

Debt, Finance Lease and Other Financing Obligations

Debt, finance lease and other financing obligations as of December 31, 2022 and October 1, 2022 consisted of the following (in thousands):

	December 31, 2022		October 1, 2022
4.05% Senior Notes, due June 15, 2025	$	100,000	$	100,000
4.22% Senior Notes, due June 15, 2028	50,000		50,000
Borrowings under Credit Facility	320,000		263,000
Finance lease and other financing obligations	47,786		50,269
Unamortized deferred financing fees	(1,438)		(1,522)
Total obligations	516,348		461,747
Less: current portion	(329,076)		(273,971)
Long-term debt, finance lease and other financing obligations, net of current portion	$	187,272	$	187,776

As of December 31, 2022, the Company was in compliance with covenants for all debt agreements.

During the three months ended December 31, 2022, the highest daily borrowing under the Company's 5-year senior unsecured revolving credit facility (referred to as the "Credit Facility") was $394.0 million; the average daily borrowings were $320.9 million.

The fair value of the Company’s debt, excluding finance lease and other financing obligations, was $461.5 million and $401.6 million as of December 31, 2022 and October 1, 2022, respectively. The carrying value of the Company's debt, excluding finance lease and other financing obligations, was $470.0 million and $413.0 million as of December 31, 2022 and October 1, 2022, respectively. If measured at fair value in the financial statements, the Company's debt would be classified as Level 2 in the fair value hierarchy. Refer to Note 4, "Derivatives and Fair Value Measurements," for further information regarding the Company's fair value calculations and classifications.