CASH, CASH EQUIVALENTS, RESTRICTED CASH AND SHORT-TERM INVESTMENTS

9 Months Ended

Jun. 29, 2019

Cash and Cash Equivalents [Abstract]

CASH, CASH EQUIVALENTS, RESTRICTED CASH 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.

Cash, cash equivalents, restricted cash and short-term investments consisted of the following as of June 29, 2019:



(in thousands)	Amortized Cost		Unrealized Gains		Unrealized Losses		Estimated Fair Value
Current assets:
Cash	$	261,806	$	—	$	—	$	261,806
Cash equivalents:
Money market funds ⁽¹⁾	123,726		—		—		123,726
Time deposits ⁽²⁾	10,006		—		—		10,006
Total cash and cash equivalents	$	395,538	$	—	$	—	$	395,538
Restricted Cash ⁽²⁾	474		—		—		474
Total cash, cash equivalents, and restricted cash	$	396,012	$	—	$	—	$	396,012
Short-term investments ⁽²⁾:
Time deposits	149,000		—		—		149,000
Deposits ⁽³⁾	99,000		—		—		99,000
Total short-term investments	$	248,000	$	—	$	—	$	248,000
Total cash, cash equivalents, restricted cash and short-term investments	$	644,012	$	—	$	—	$	644,012


(1)	The fair value was determined using unadjusted prices in active, accessible markets for identical assets, and as such they were classified as Level 1 assets in the fair value hierarchy.


(2)	Fair value approximates cost basis.


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

Cash, cash equivalents, restricted cash and short-term investments consisted of the following as of September 29, 2018:



(in thousands)	Amortized Cost		Unrealized Gains		Unrealized Losses			Estimated Fair Value
Current assets:
Cash	$	42,446	$	—	$	—		$	42,446
Cash equivalents:
Money market funds ⁽¹⁾	209,172		—		(5		)	209,167
Time deposits ⁽²⁾	69,017		—		—			69,017
Total cash and cash equivalents	$	320,635	$	—	$	(5	)	$	320,630
Restricted Cash ⁽²⁾	518		—		—			518
Total cash, cash equivalents, and restricted cash	$	321,153	$	—	$	(5	)	$	321,148
Short-term investments ⁽²⁾:
Time deposits	197,000		—		—			197,000
Deposits ⁽³⁾	96,000		—		—			96,000
Total short-term investments	$	293,000	$	—	$	—		$	293,000
Total cash, cash equivalents, restricted cash and short-term investments	$	614,153	$	—	$	(5	)	$	614,148


(1)	The fair value was determined using unadjusted prices in active, accessible markets for identical assets, and as such they were classified as Level 1 assets in the fair value hierarchy.


(2)	Fair value approximates cost basis.

(3)

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