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Income Taxes (Tables) | 12 Months Ended
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Sep. 28, 2025
Income Tax Disclosure [Abstract] |
Summary of income before income taxes, by geographical area | Income before income taxes, by geographic area, was as follows (in thousands):
| Fiscal Year Ended
| September 28, 2025 |  | September 29, 2024 |  | October 1, 2023
Income before income taxes: |  |  |  |  |
United States | $ | 176,118 |  |  | $ | 294,401 |  |  | $ | 287,295 |
Foreign | 201,499 |  |  | 169,065 |  |  | 113,683 |
Total income before income taxes | $ | 377,617 |  |  | $ | 463,466 |  |  | $ | 400,978 |
Summary of components of income tax expense | Income tax expense consisted of the following (in thousands):
| Fiscal Year Ended
| September 28, 2025 |  | September 29, 2024 |  | October 1, 2023
Current: |  |  |  |  |
Federal | $ | 75,166 |  |  | $ | 76,851 |  |  | $ | 110,371 |
State | 16,005 |  |  | 20,997 |  |  | 16,025 |
Foreign | 49,794 |  |  | 44,402 |  |  | 28,970 |
Total current income tax expense | 140,965 |  |  | 142,250 |  |  | 155,366 |
Deferred: |  |  |  |  |
Federal | (21,982) |  |  | (18,734) |  |  | (18,062) |
State | (3,451) |  |  | (6,747) |  |  | (4,976) |
Foreign | 14,136 |  |  | 13,254 |  |  | (4,802) |
Total deferred income tax (benefit) expense | (11,297) |  |  | (12,227) |  |  | (27,840) |
Total income tax expense | $ | 129,668 |  |  | $ | 130,023 |  |  | $ | 127,526 |
Summary of reconciliation of income tax rate | Total income tax expense was different from the amount computed by applying the U.S. federal statutory rate to pre-tax income as follows:
| Fiscal Year Ended
| September 28, 2025 |  | September 29, 2024 |  | October 1, 2023
Tax at federal statutory rate | 21.0% |  | 21.0% |  | 21.0%
State taxes, net of federal benefit | 2.6 |  | 2.4 |  | 2.2
Research and Development ("R&D") credits | (1.8) |  | (1.2) |  | (0.5)
Tax differential on foreign earnings | 2.8 |  | 2.0 |  | 1.5
Goodwill impairment | 3.2 |  | — |  | —
Legal settlements | 1.8 |  | — |  | —
Stock compensation | 0.2 |  | (0.4) |  | (0.4)
Valuation allowance | 0.4 |  | (0.1) |  | 1.3
Change in uncertain tax positions | 0.9 |  | 1.3 |  | 11.6
Return to provision | (0.8) |  | (1.0) |  | 1.1
Disallowed officer compensation | 1.2 |  | 0.9 |  | 1.2
Unremitted earnings | 0.2 |  | 0.4 |  | 0.2
Hedging gain | — |  | — |  | (5.7)
Deferred tax adjustments | (0.7) |  | 0.8 |  | (2.3)
Audit settlements | — |  | 0.9 |  | —
Receivables/payables adjustments | 1.7 |  | — |  | —
Other | 1.6 |  | 1.1 |  | 0.6
Total income tax expense | 34.3% |  | 28.1% |  | 31.8%
Summary of temporary differences comprising the net deferred income tax asset | Temporary differences comprising the net deferred income tax asset shown on the accompanying consolidated balance sheets were as follows (in thousands):
| Fiscal Year Ended
| September 28, 2025 |  | September 29, 2024
Deferred Tax Assets: |  |  |
State taxes | $ | 2,973 |  |  | $ | 3,916 |
Reserves and contingent liabilities | 7,620 |  |  | — |
Accounts receivable including the allowance for doubtful accounts | 6,674 |  |  | 5,315 |
Accrued liabilities | 51,924 |  |  | 64,929 |
Lease liabilities, operating leases | 57,769 |  |  | 51,841 |
Stock-based compensation | 1,772 |  |  | 1,923 |
Unbilled revenue | 13,524 |  |  | 9,273 |
Loss and other carry-forwards | 30,201 |  |  | 48,256 |
Property and equipment | 8 |  |  | — |
Capitalized research and development | 54,969 |  |  | 37,417 |
Capped call transactions | 7,841 |  |  | 10,311 |
Valuation allowance | (17,791) |  |  | (16,841) |
Total deferred tax assets | 217,484 |  |  | 216,340 |
Deferred Tax Liabilities: |  |  |
Prepaid expense | (1,775) |  |  | (3,065) |
Reserves and contingent liabilities | — |  |  | (153) |
Right-of-use assets, operating leases | (55,736) |  |  | (51,841) |
Intangibles | (74,883) |  |  | (81,623) |
Undistributed earnings | (3,647) |  |  | (2,708) |
Property and equipment | — |  |  | (1,583) |
Total deferred tax liabilities | (136,041) |  |  | (140,973) |
Net deferred tax assets | $ | 81,443 |  |  | $ | 75,367 |
Reported As: |  |  |
Deferred tax assets excluding held-for-sale | $ | 106,238 |  |  | $ | 105,529 |
Deferred tax assets held-for-sale | — |  |  | — |
Deferred tax assets | 106,238 |  |  | 105,529 |
Deferred tax liabilities excluding held-for-sale | (21,333) |  |  | (30,162) |
Deferred tax liabilities held-for-sale | (3,462) |  |  | — |
Deferred tax liabilities | (24,795) |  |  | (30,162) |
Net deferred tax assets | $ | 81,443 |  |  | $ | 75,367 |
Summary of reconciliation of the beginning and ending amounts of unrecognized tax benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):
| Fiscal Year Ended
| September 28, 2025 |  | September 29, 2024 |  | October 1, 2023
Beginning balance | $ | 41,440 |  |  | $ | 53,619 |  |  | $ | 8,908 |
Acquisition of RPS Group | — |  |  | — |  |  | 6,012 |
Additions for current fiscal year tax positions | 688 |  |  | 1,000 |  |  | 27,272 |
Additions for prior fiscal year tax positions | — |  |  | 1,000 |  |  | 14,602 |
Reductions for prior fiscal year tax positions | (737) |  |  | — |  |  | (1,358) |
Settlements | (532) |  |  | (14,179) |  |  | (1,817) |
Ending balance | $ | 40,859 |  |  | $ | 41,440 |  |  | $ | 53,619 |

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