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COMMITMENTS, CONTINGENCIES AND CONCENTRATIONS (Tables)

3 Months Ended

Dec. 29, 2018

Commitments and Contingencies Disclosure [Abstract]

Reserve for product warranty activity

The following table reflects the reserve for warranty activity for the three months ended December 29, 2018 and December 30, 2017: 

		Three months ended
(in thousands)		December 29, 2018				December 31, 2017
Reserve for warranty, beginning of period		$	14,475			$	13,796
Provision for warranty		3,086				2,960
Utilization of reserve		(3,160		)		(3,064		)
Reserve for warranty, end of period		$	14,401			$	13,692

Obligations not reflected on the Consolidated Balance Sheet

The following table reflects obligations not reflected on the Consolidated Condensed Balance Sheet as of December 29, 2018:

					Payments due by fiscal year
(in thousands)	Total				2019				2020				2021				2022				thereafter
Inventory purchase obligation (1)	$	109,536			$	109,536			$	—			$	—			$	—			$	—
Operating lease obligations (2)	18,027				2,928				3,603				2,340				1,912				7,244
Total	$	127,563			$	112,464			$	3,603			$	2,340			$	1,912			$	7,244

(1) The Company orders inventory components in the normal course of its business. A portion of these orders are non-cancellable, however, some orders impose varying penalties and charges in the event of cancellation.

(2) The Company has minimum rental commitments under various leases (excluding taxes, insurance, maintenance and repairs, which are also paid by the Company) primarily for various facility and equipment leases, which expire periodically through 2027 (not including lease extension options, if applicable).

Pursuant to ASC No. 840, Leases, for lessee's involvement in asset construction, the Company was considered the owner of the Building during the construction phase. The Building was completed on December 1, 2013 and Pte signed an agreement with the Landlord to lease from the Landlord approximately 198,000 square feet, representing approximately 70% of the Building. Following the completion of construction, we performed a sale-leaseback analysis pursuant to ASC 840-40 and determined that because of our continuing involvement, ASC 840-40 precluded us from derecognizing the asset and associated financing obligation. As such, we reclassified the asset from construction in progress to property, plant and equipment and began to depreciate the building over its estimated useful life of 25 years. We concluded that the term of the financing obligation is 10 years. This is equal to the non-cancellable term of our lease agreement with the Landlord. As of December 29, 2018, we recorded a financing obligation related to the Building of $15.8 million (see Note 8 above). The financing obligation is not reflected in the table above.

Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block]

The following table reflects significant customer concentrations as a percentage of net revenue for the three months ended December 29, 2018 and December 30, 2017.

	Three months ended
	December 29, 2018			December 30, 2017
Micron Technology, Inc	18.5	%		*
Haoseng Industrial Company Limited (1)	*			10.9	%
Tesla, Inc	*			10.9	%

(1) Distributor of the Company's products.

* Represented less than 10% of total net revenue

Significant customer concentrations as a percentage of total accounts receivable

The following table reflects significant customer concentrations as a percentage of total accounts receivable as of December 29, 2018 and December 30, 2017:

	As of
	December 29, 2018			December 30, 2017
Micron Technology, Inc	17.7	%		*
Haoseng Industrial Company Limited (1)	15.5	%		29.6	%
Super Power International (1)	15.4	%		*

(1) Distributor of the Company's products.

* Represented less than 10% of total accounts receivable

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Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=68068213&loc=d3e12565-110249

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