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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Oct. 03, 2020
Sep. 28, 2019
Current assets:    
Cash and cash equivalents $ 188,127 $ 364,184
Short-term investments [1] 342,000 229,000
Accounts and notes receivable, net of allowance for doubtful accounts of $968 and $597, respectively 198,640 195,830
Inventories, net 111,809 89,308
Prepaid expenses and other current assets 19,620 15,429
Total current assets 860,196 893,751
Property, plant and equipment, net 59,147 72,370
Operating right-of-use assets 22,688 0
Goodwill 56,695 55,691
Intangible assets, net 37,972 42,651
Deferred tax assets 8,147 6,409
Equity investments 7,535 6,250
Other assets 2,186 2,494
TOTAL ASSETS 1,054,566 1,079,616
Current liabilities:    
Short term debt 0 60,904
Accounts payable 57,688 36,711
Operating lease liabilities 5,903 0
Accrued expenses and other current liabilities 76,762 64,533
Income taxes payable 17,540 12,494
Total current liabilities 157,893 174,642
Financing obligation 0 14,207
Deferred tax liabilities 33,005 32,054
Income taxes payable 74,957 80,290
Operating lease liabilities 18,325 0
Other liabilities 12,392 9,360
TOTAL LIABILITIES 296,572 310,553
Commitments and contingent liabilities (Note 16)
SHAREHOLDERS' EQUITY:    
Preferred stock, without par value: 0 0
Authorized 200,000 shares; issued 85,364 and 85,364 respectively; outstanding 61,558 and 63,172 shares, respectively 539,213 533,590
Treasury stock, at cost, 23,806 and 22,192 shares, respectively (394,817) (349,212)
Retained earnings 616,119 594,625
Accumulated other comprehensive loss (2,521) (9,940)
TOTAL SHAREHOLDERS' EQUITY 757,994 769,063
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,054,566 $ 1,079,616
[1] All short-term investments were classified as available-for-sale and were measured at fair value based on Level 1 measurement, or quoted market prices, as defined by ASC 820. The Company did not recognize any realized gains or losses on the sale of investments during the fiscal years ended 2020 and 2019.