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Leases (Tables)
3 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Components of Lease Cost

The components of lease cost reflected in the Consolidated Statement of Operations for the three months ended December 31, 2020 and December 28, 2019 were as follows:

 

(in thousands)

 

Three months ended

 

 

 

December 31,

2020

 

 

December 28,

2019

 

Operating lease cost

 

$

9,391

 

 

$

8,757

 

Short-term lease cost

 

 

548

 

 

 

1,874

 

Variable lease cost

 

 

2,387

 

 

 

1,914

 

Sublease income

 

 

(1,084

)

 

 

(1,012

)

Total lease cost

 

$

11,242

 

 

$

11,533

 

 

Supplemental cash flow and right-of-use assets information for the three months ended December 31, 2020 and December 28, 2019 was as follows:

 

(in thousands)

 

Three months ended

 

 

 

December 31,

2020

 

 

December 28,

2019

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

14,060

 

 

$

5,498

 

Financing cash flows from financing leases

 

$

279

 

 

$

 

Right-of-use assets obtained in exchange for new lease obligations:

 

 

 

 

 

 

 

 

Operating leases

 

$

594

 

 

$

5,380

 

Financing leases

 

$

 

 

$

1,500

 

Supplemental balance sheet information related to the leases as of December 31, 2020 was as follows:

 

 

As of

December 31, 2020

 

Weighted-average remaining lease term - operating leases

12.5 years

 

Weighted-average remaining lease term - financing leases

4.75 years

 

Weighted-average discount rate - operating leases

 

5.6

%

Weighted-average discount rate - financing leases

 

3.0

%

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities as of December 31, 2020 are as follows:

 

(in thousands)

 

Operating Leases

 

Remainder of 2021

 

$

32,718

 

2022

 

 

31,181

 

2023

 

 

22,246

 

2024

 

 

20,294

 

2025

 

 

17,360

 

Thereafter

 

 

170,423

 

Total future lease payments

 

$

294,222

 

Less: imputed interest

 

 

(87,776

)

Total

 

$

206,446