CASH AND CASH EQUIVALENTS

6 Months Ended

Apr. 01, 2017

Cash and Cash Equivalents [Abstract]

CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS

Cash equivalents consist of instruments with remaining maturities of three months or less at the date of purchase. In general, these investments are free of trading restrictions. We carry these investments at fair value, based on quoted market prices or other readily available market information.

Cash, cash equivalents and short-term investments consisted of the following as of April 1, 2017:



(in thousands)	Amortized Cost		Unrealized Gains		Unrealized Losses		Estimated Fair Value
Current assets:
Cash	$	68,652	$	—	$	—	$	68,652
Cash equivalents:
Money market funds	174,848		—		—		174,848
Time deposits	166,703		—		—		166,703
Commercial paper	25,000		—		—		25,000
Total cash and cash equivalents	$	435,203	$	—	$	—	$	435,203
Short-term investments:
Time deposits	89,000		—		—		89,000
Deposits ⁽¹⁾	50,000		—		—		50,000
Total short-term investments	139,000		—		—		139,000
Total cash, cash equivalents and short-term investments	$	574,203	$	—	$	—	$	574,203


(1)	Represents deposits that require a notice period of three months for withdrawal.

Cash, cash equivalents and short-term investments consisted of the following as of October 1, 2016:



(in thousands)	Amortized Cost		Unrealized Gains		Unrealized Losses		Estimated Fair Value
Current assets:
Cash	$	118,335	$	—	$	—	$	118,335
Cash equivalents:
Money market funds	152,961		—		—		152,961
Time deposits⁽¹⁾	133,611		—		—		133,611
Commercial paper	19,000		—		—		19,000
Total cash and cash equivalents	$	423,907	$	—	$	—	$	423,907
Short-term investments
Time deposits⁽¹⁾	124,000		—		—		124,000
Total short-term investments	124,000		—		—		124,000
Total cash, cash equivalents and short-term investments	$	547,907	$	—	$	—	$	547,907


(1)	Certain time deposits as at October 1, 2016 have been corrected from cash equivalents to short-term investments for comparative purposes.

- Definition

The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify.

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