Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions

v3.21.1
Related Party Transactions
6 Months Ended
Apr. 03, 2021
Related Party Transactions [Abstract]  
Related Party Transactions

Note 11—Related Party Transactions

In February 2017, we entered into a management services agreement with our private equity sponsors in connection with our acquisition in February 2017. The management services agreement provides that we will pay an annual fee for them to provide management and advisory services to us and our affiliates, including general management consulting services, support and analysis with respect to financing alternatives and strategic planning functions. The management services agreement terminated in October 2020 in connection with the completion of our initial public offering. During the three months ended March 28, 2020, we paid or accrued management fees in the amount of $0.6 million. During the six months ended April 3, 2021 and March 28, 2020, we paid or accrued management fees in the amount of $0.4 million and $1.9 million, respectively.