XML 57 R43.htm IDEA: XBRL DOCUMENT v3.23.3
Retirement Plans (Tables)
12 Months Ended
Oct. 01, 2023
Retirement Benefits [Abstract]  
Schedule of amounts recorded on the balance sheet
The Plan's funded status was as follows (in thousands):
Fiscal Year Ended
October 1,
2023
October 2,
2022
Fair value of plan assets$39,572 $36,250 
Benefit obligation(35,303)(33,006)
Net surplus$4,269 $3,244 
Fair value of plan assets by major asset category The fair values of the plan assets by major asset categories were as follows (in thousands):
Fiscal Year Ended
October 1,
2023
October 2,
2022
Equities$2,213 $8,390 
Mutual funds20,458 20,886 
Liability driven investment funds13,807 6,484 
Bonds2,354 — 
Cash/other740 490 
Fair value of plan assets$39,572 $36,250 
Principle assumptions used for the benefit obligation valuation
Principal assumptions used for the benefit obligation in the valuation are as follows:
Fiscal Year Ended
October 1,
2023
October 2,
2022
Discount rate5.35 %4.75 %
Rate of inflation
2.80% to 3.35%
2.95% to 3.55%