Retirement Plans (Tables)

12 Months Ended

Oct. 03, 2021

Retirement Benefits [Abstract]

Schedule of amounts recorded on the balance sheet

The Plan's funded status at October 3, 2021 was as follows:

Fair value of plan assets	$	65,836
Benefit obligation	(64,830)
Net surplus	$	1,006

Fair value of plan assets by major asset category

As of October 3, 2021, the fair values of the plan assets by major asset categories were as follows (in 000’s):

Equities	$	13,646
Mutual funds	33,826
Liability driven investment funds	17,653
Cash/other	711
Fair value of plan assets	$	65,836

Principle assumptions used for the benefit obligation valuation

Principal assumptions used for the benefit obligation in the valuation at October 3, 2021 are as follows:

Discount rate	2.00%
Rate of inflation	2.85% to 3.50%