The Company leases office space in Wilmington, MA, Montreal, QC, Plant City, FL, and Milpitas, CA through operating lease arrangements. The Company has no finance lease agreements. The operating lease arrangements expire at various dates through December 2030.

The following table presents the balance sheet location of the Company’s operating leases for each of the periods presented (in thousands):


	December 28, 2024		September 28, 2024
ROU assets:
Other long-term assets	$	21,925	$	15,257

Lease Liabilities:
Accrued expenses and other current liabilities	$	2,244	$	1,647
Other long-term liabilities	22,515		16,076
Total lease liabilities	$	24,759	$	17,723

The following table presents maturities of the Company’s operating lease liabilities as of December 28, 2024, presented under ASC Topic 842 (in thousands):


	December 28, 2024
Remaining fiscal year 2025	$	2,849
Fiscal year 2026	5,293
Fiscal year 2027	5,130
Fiscal year 2028	5,299
Fiscal year 2029	5,473
Thereafter	7,099
Total future minimum payments	$	31,143
Less: Implied interest	(6,384)
Total lease liabilities	$	24,759

The Company uses its estimated incremental borrowing rate, which is derived from information available at the lease commencement date, in determining the present value of operating lease payments. To determine the estimated incremental borrowing rate, the Company uses publicly available credit ratings for peer companies. The Company estimates the incremental borrowing rate using yields for maturities that are in line with the duration of the lease payments. The weighted average discount rate for operating leases as of December 28, 2024 was 7.6%.