EQUITY INVESTMENTS

9 Months Ended

Jul. 01, 2017

Equity Method Investments [Abstract]

Equity investments consisted of the following as of July 1, 2017 and October 1, 2016:



	As of
(in thousands)	July 1, 2017		October 1, 2016
Equity method investment	$	1,305	$	—

In March 2017, the Company made an investment in one of our strategic suppliers which provides the Company with the ability to exercise influence over the investment vehicle, in which it lacks controlling financial interest and is not a primary beneficiary. Our share of gains and losses in the equity method investment is recognized on a one-quarter lag, and is reflected as share of results of equity-method investee, net of tax, in the accompanying Consolidated Condensed Statements of Operations. During the three and nine months ended July 1, 2017, the Company recognized $7,147 loss on equity investment.