Debt, Finance Lease and Other Financing Obligations

3 Months Ended

Dec. 30, 2023

Debt and Lease Obligation [Abstract]

Debt, Finance Lease and Other Financing Obligations

Debt, Finance Lease and Other Financing Obligations

Debt and finance lease obligations as of December 30, 2023 and September 30, 2023 consisted of the following (in thousands):

	December 30, 2023		September 30, 2023
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 the Credit Facility	243,000		233,000
Finance lease and other financing obligations	51,324		49,233
Unamortized deferred financing fees	(1,087)		(1,175)
Total obligations	443,237		431,058
Less: current portion	(251,119)		(240,205)
Long-term debt, finance lease and other financing obligations, net of current portion	$	192,118	$	190,853

As of December 30, 2023, the Company was in compliance with covenants for all debt agreements.

During the three months ended December 30, 2023, the highest daily borrowing under the Company's 5-year senior unsecured revolving credit facility (referred to as the "Credit Facility") was $343.0 million; the average daily borrowings were $284.1 million.

The fair value of the Company’s debt, excluding finance lease and other financing obligations, was $388.2 million and $374.3 million as of December 30, 2023 and September 30, 2023, respectively. The carrying value of the Company's debt, excluding finance lease and other financing obligations, was $393.0 million and $383.0 million as of December 30, 2023 and September 30, 2023, 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.