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Investments & Fair Value Measurements (Tables)
 3 Months Ended
Dec. 29, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]  
Schedule Of Financial Assets and Liabilities Carried At Fair Value
December 29, 2023
CostUnrealizedEstimated Fair Value
GainsLossesTotalLevel 1Level 2Level 3
Cash and cash equivalents:
Cash$643,276 $— $— $643,276 $643,276 $— $— 
Cash equivalents:
Money market funds3,557 — — 3,557 3,557 — — 
Government Bonds9,979 4 — 9,983 9,983 — — 
Cash and cash equivalents656,812 4 — 656,816 656,816 — — 
Short-term investments:
U.S. agency securities3,892 1 — 3,893 — 3,893 — 
Government bonds43,998 19 (503)43,514 40,904 2,610 — 
Commercial paper9,513 5 — 9,518 — 9,518 — 
Corporate bonds68,503 30 (276)68,257 — 68,257 — 
Municipal debt securities15,749 2 (110)15,641 — 15,641 — 
Short-term investments141,655 57 (889)140,823 40,904 99,919 — 
Long-term investments:
Government bonds31,168 82 (194)31,056 31,056 — — 
Corporate bonds38,068 212 (196)38,084 — 38,084 — 
Municipal debt securities11,792 62 (40)11,814 — 11,814 — 
Other investments (1)
11,922 — — 11,922 — — — 
Long-term investments92,950 356 (430)92,876 31,056 49,898 — 
Total cash, cash equivalents, and investments$891,417 $417 $(1,319)$890,515 $728,776 $149,817 $— 
Investments held in supplemental retirement plan:
Assets$4,483 $— $— $4,483 $4,483 $— $— 
Included in prepaid expenses and other current assets and other non-current assets
Liabilities$4,483 $— $— $4,483 $4,483 $— $— 
Included in accrued liabilities and other non-current liabilities
Currency derivatives as hedge instruments:
Assets: Included in other current assets$— $2,829 $— $2,829 $— $2,829 $— 
(1)Other investments as of December 29, 2023 is primarily comprised of an equity method investment of $6.5 million and an equity security without a readily determinable fair value, valued at $5.0 million. The equity method investment is measured at cost minus impairment, if any, adjusted for our proportionate share of the investee's net income or loss. Our share of the equity method investee's net income or loss is included in other income/(expense), net on the unaudited interim condensed consolidated statements of operations. Our share of the equity method investee's net income was $3.3 million in the first quarter of fiscal 2024 and was not material in the first quarter of fiscal 2023.
September 29, 2023
CostUnrealizedEstimated Fair Value
GainsLossesTotalLevel 1Level 2Level 3
Cash and cash equivalents:
Cash$602,288 $— $— $602,288 $602,288 $— $— 
Cash equivalents:
Commercial paper1,514 — — 1,514 — 1,514 — 
Money market funds139,831 — — 139,831 139,831 — — 
Government Bonds1,731 — — 1,731 1,731 — — 
Cash and cash equivalents745,364 — — 745,364 743,850 1,514 — 
Short-term investments:
Certificate of deposit530 — — 530 — 530 — 
U.S. agency securities5,956 1 (7)5,950 — 5,950 — 
Government bonds50,220 3 (384)49,839 46,246 3,593 — 
Commercial paper5,843 — (3)5,840 — 5,840 — 
Corporate bonds61,803 — (431)61,372 — 61,372 — 
Municipal debt securities15,801 — (184)15,617 — 15,617 — 
Short-term investments140,153 4 (1,009)139,148 46,246 92,902 — 
Long-term investments:
Government bonds33,227 — (1,046)32,181 32,181 — — 
Corporate bonds39,057 6 (589)38,474 — 38,474 — 
Municipal debt securities16,137 — (224)15,913 — 15,913 — 
Other investments (1)
11,244 — — 11,244 — — — 
Long-term investments99,665 6 (1,859)97,812 32,181 54,387 — 
Total cash, cash equivalents, and investments$985,182 $10 $(2,868)$982,324 $822,277 $148,803 $— 
Investments held in supplemental retirement plan:
Assets$4,400 $— $— $4,400 $4,400 $— $— 
Included in prepaid expenses and other current assets and other non-current assets
Liabilities$4,400 $— $— $4,400 $4,400 $— $— 
Included in accrued liabilities and other non-current liabilities
Currency derivatives as hedge instruments:
Assets: Included in other current assets$— $144 $— $144 $— $144 $— 
Assets: included in other non-current assets— 2 — 2 — 2 — 
Liabilities: Included in other accrued liabilities— — (618)(618)— (618)— 
Liabilities: Included in other non-current liabilities— — (24)(24)— (24)— 
(1)Other investments as of September 29, 2023 is comprised of an equity method investment of $5.9 million and an equity security without a readily determinable fair value, valued at $5.0 million.
Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value The following table presents the gross unrealized losses and fair value for those AFS securities that were in an unrealized loss position for less than twelve months and for greater than twelve months as of December 29, 2023 and September 29, 2023 (in thousands):
December 29, 2023September 29, 2023
Less Than 12 MonthsGreater Than 12 MonthsLess Than 12 MonthsGreater Than 12 Months
Investment TypeFair ValueGross Unrealized LossesFair ValueGross Unrealized LossesFair ValueGross Unrealized LossesFair ValueGross Unrealized Losses
U.S. agency securities$— $— $— $— $853 $(7)$— $— 
Government bonds12,250 (67)30,457 (629)26,756 (247)40,235 (1,183)
Commercial paper— — — — 5,840 (3)— — 
Corporate bonds36,002 (137)19,546 (335)79,846 (461)14,634 (558)
Municipal debt securities8,222 (52)6,246 (98)23,365 (203)8,166 (206)
Total$56,474 $(256)$56,249 $(1,062)$136,660 $(921)$63,035 $(1,947)
Debt Securities, Available-for-sale The following table summarizes the amortized cost and estimated fair value of the AFS securities within our investment portfolio based on stated maturities as of December 29, 2023 and September 29, 2023, which are recorded within cash equivalents and both short and long-term investments in our unaudited interim condensed consolidated balance sheets (in thousands):
December 29, 2023September 29, 2023
Range of maturityAmortized CostFair ValueAmortized CostFair Value
Due within 1 year$171,054 $170,477 $283,229 $282,225 
Due in 1 to 2 years45,231 44,735 67,679 66,075 
Due in 2 to 5 years19,933 20,105 20,743 20,493 
Total$236,218 $235,317 $371,651 $368,793