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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 27, 2020
Sep. 28, 2019
Current assets:    
Cash and cash equivalents $ 321,775 $ 364,184
Short-term investments [1] 194,000 229,000
Accounts and other receivable, net of allowance for doubtful accounts of $1,306 and $597, respectively 195,489 195,830
Inventories, net 114,194 89,308
Prepaid expenses and other current assets 13,735 15,429
Total current assets 839,193 893,751
Property, plant and equipment, net 55,826 72,370
Operating right-of-use assets 22,192 0
Goodwill 56,053 55,691
Intangible assets, net 38,207 42,651
Deferred tax assets 8,515 6,409
Equity investments 7,367 6,250
Other assets 2,112 2,494
TOTAL ASSETS 1,029,465 1,079,616
Current liabilities:    
Short-term debt 0 60,904
Accounts payable 49,659 36,711
Less: Current portion 5,471 0
Income tax payable 13,050 12,494
Accrued expenses and other current liabilities 74,624 64,533
Total current liabilities 142,804 174,642
Financing obligation 0 14,207
Deferred tax liabilities 34,508 32,054
Income tax payable 74,307 80,290
Long-term portion of lease obligations 18,124 0
Other liabilities 10,078 9,360
TOTAL LIABILITIES 279,821 310,553
Commitments and contingent liabilities (Note 15)
SHAREHOLDERS' EQUITY:    
Preferred stock, without par value: Authorized 5,000 shares; issued - none 0 0
Common stock, without par value: Authorized 200,000 shares; issued 85,364 and 85,364, respectively; outstanding 61,925 and 63,172 shares, respectively 536,487 533,590
Treasury stock, at cost, 23,439 and 22,192 shares, respectively (387,302) (349,212)
Retained earnings 607,733 594,625
Accumulated other comprehensive loss (7,274) (9,940)
TOTAL SHAREHOLDERS' EQUITY 749,644 769,063
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,029,465 $ 1,079,616
[1]
All short-term investments were classified as available-for-sale and were measured at fair value based on level one 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 three and nine months ended June 27, 2020 and June 29, 2019.