Composition Of Certain Financial Statement Captions

12 Months Ended

Sep. 26, 2025

Composition Of Certain Financial Statement Captions [Abstract]

Composition Of Certain Financial Statement Captions

Composition of Certain Financial Statement Captions

The following tables present detailed information from our consolidated balance sheets as of September 26, 2025 and September 27, 2024 (in thousands).

Accounts Receivable and Contract Assets


Accounts Receivable and Contract Assets, net	September 26, 2025		September 27, 2024
Trade accounts receivable	$	186,221	$	170,574

Accounts receivable from patent administration program licensees	152,096		150,252
Contract assets	180,905		197,584
Accounts receivable and contract assets, gross	519,222		518,410
Less: allowance for credit losses on accounts receivable and contract assets	(7,322)		(5,467)
Total accounts receivable and contract assets, net	$	511,900	$	512,943

Accounts receivable as of September 26, 2025 and September 27, 2024, respectively, includes unbilled accounts receivable balances of $173.5 million and $173.8 million, related to amounts that are contractually owed. The unbilled balance represents our unconditional right to consideration related to fixed fee contracts which we are entitled to as a result of satisfying, or partially satisfying, performance obligations, as well as Via LA's unconditional right to consideration related to its patent administration programs.


Allowance for Credit Losses	Beginning Balance		Charges/(Credits) to S&M and G&A		Deductions		Ending Balance
For fiscal year ended:
September 29, 2023	$	14,405	$	(793)	$	(2,643)	$	10,969
September 27, 2024	10,969		(2,256)		(1,877)		6,836
September 26, 2025	6,836		2,434		(988)		8,282

Allowance for credit losses includes the provision for estimated credit losses on our sales-type leases, which was not material as of September 26, 2025 and September 27, 2024.

Inventories


	September 26, 2025		September 27, 2024
Raw materials	$	4,254	$	3,079
Work in process	4,187		4,791
Finished goods	21,983		25,858
Total inventories	$	30,424	$	33,728

Inventories are stated at the lower of cost and net realizable value. Inventory with a consumption period expected to exceed twelve months is recorded within other non-current assets in our consolidated balance sheets. We have included $7.5 million and $10.4 million of inventory within non-current assets as of September 26, 2025 and September 27, 2024, respectively. Based on anticipated inventory consumption rates, and aside from existing write-downs due to excess inventory, we do not believe that material risk of obsolescence exists prior to ultimate sale.

Prepaid Expenses and Other Current Assets


	September 26, 2025		September 27, 2024
Prepaid expenses	$	28,006	$	29,745
Other current assets	23,867		40,249

Total prepaid expenses and other current assets	$	51,873	$	69,994

Other current assets included certain assets held for sale initially valued at $18.2 million as of September 27, 2024, and the estimated fair value of the assets was subsequently increased by $6.3 million for a total value of $24.5 million. During fiscal 2025, we sold $15.8 million of the assets classified as held for sale, and the remaining assets no longer met the criteria for held for sale, and as such, we reclassified $8.7 million in assets held for sale to short-term and long-term investments. Refer to Note 15 "Business Combinations" for more information.

Accrued Liabilities


	September 26, 2025		September 27, 2024

Amounts payable to patent administration program partners	$	166,315	$	156,472
Accrued compensation and benefits	106,579		97,179
Accrued professional fees	21,165		16,568
Unpaid property, plant, and equipment additions	3,439		17,055
Accrued customer refunds	4,218		2,988
Accrued market development funds	2,578		2,522
Other accrued liabilities	64,962		54,745
Total accrued liabilities	$	369,256	$	347,529

Other Non-Current Liabilities


	September 26, 2025		September 27, 2024
Supplemental retirement plan obligations	$	5,315	$	4,946
Non-current tax liabilities (1)	46,159		78,355
Other liabilities	48,369		52,551
Total other non-current liabilities	$	99,843	$	135,852

(1) Refer to Note 12 "Income Taxes" for additional information related to our tax liabilities.