BALANCE SHEET COMPONENTS

12 Months Ended

Oct. 02, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

The following tables reflect the components of significant balance sheet accounts as of October 2, 2021 and October 3, 2020:


	As of
(in thousands)	October 2, 2021		October 3, 2020

Short term investments, available-for-sale(1)	$	377,000	$	342,000

Inventories, net:
Raw materials and supplies	$	94,493	$	60,205
Work in process	55,866		39,753
Finished goods	40,006		43,015
	190,365		142,973
Inventory reserves	(23,042)		(31,164)
	$	167,323	$	111,809

Property, plant and equipment, net:
Land	$	2,182	$	2,182
Buildings and building improvements	23,314		22,830
Leasehold improvements	30,054		23,111
Data processing equipment and software	40,945		38,524
Machinery, equipment, furniture and fixtures	87,994		80,953
Construction in progress	9,562		7,111
	194,051		174,711
Accumulated depreciation	(126,069)		(115,564)
	$	67,982	$	59,147

Accrued expenses and other current liabilities:
Accrued customer obligations (2)	$	72,478	$	22,759
Wages and benefits	66,531		37,237
Commissions and professional fees	6,190		2,716
Dividends payable	8,673		7,397

Severance	31		449
Other	7,667		6,204
	$	161,570	$	76,762

(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 2021 and 2020.

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