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Property and Equipment
9 Months Ended
Jun. 29, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment at June 29, 2024 and September 30, 2023 consists of the following (in thousands):
June 29, 2024September 30, 2023
Computer equipment and software, furniture and fixtures, test equipment, and other equipment$96,564 $40,437 
Internal use software6,873 5,638 
Leasehold improvements11,172 7,194 
Total property and equipment114,609 53,269 
Less accumulated depreciation(33,580)(18,762)
Property and equipment, net$81,029 $34,507 
Included within the $46.5 million net increase of property and equipment from September 30, 2023 to June 29, 2024 is approximately $38.5 million non-cash transfer of equipment from deferred cost to property and equipment related to equipment which the Company will be utilizing for internal operations.
For the three and nine months ended June 29, 2024, depreciation expense was $4.8 million and $9.6 million, respectively. For the three and nine months ended June 24, 2023, depreciation expense was $1.5 million and $4.7 million, respectively.