BALANCE SHEET COMPONENTS (Tables)

12 Months Ended

Oct. 03, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Components of significant balance sheet accounts

The following tables reflect the components of significant balance sheet accounts as of October 3, 2020 and September 28, 2019:


	As of
(in thousands)	October 3, 2020		September 28, 2019

Short term investments, available-for-sale(1)	$	342,000	$	229,000

Inventories, net:
Raw materials and supplies	$	60,205	$	52,853
Work in process	39,753		32,026
Finished goods	43,015		33,742
	142,973		118,621
Inventory reserves	(31,164)		(29,313)
	$	111,809	$	89,308

Property, plant and equipment, net:
Land	$	2,182	$	2,182
Buildings and building improvements	22,830		41,961
Leasehold improvements	23,111		24,441
Data processing equipment and software	38,524		36,302
Machinery, equipment, furniture and fixtures	80,953		71,465
Construction in progress	7,111		6,512
	174,711		182,863
Accumulated depreciation	(115,564)		(110,493)
	$	59,147	$	72,370

Accrued expenses and other current liabilities:
Accrued customer obligations (2)	$	22,759	$	26,292
Wages and benefits	37,237		18,188
Commissions and professional fees	2,716		2,024
Dividends payable	7,397		7,582
Deferred rent	—		1,721
Severance	449		1,500
Other	6,204		7,226
	$	76,762	$	64,533

(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.

(2)Represents customer advance payments, customer credit program, accrued warranty expense and accrued retrofit obligations.