CASH, CASH EQUIVALENTS, RESTRICTED CASH AND SHORT-TERM INVESTMENTS (Tables)

3 Months Ended

Jan. 02, 2021

Cash and Cash Equivalents [Abstract]

Cash, cash equivalents, restricted cash and short-term investments

Cash, cash equivalents, and short-term investments consisted of the following as of January 2, 2021:


(in thousands)	Amortized Cost		Unrealized Gains		Unrealized Losses		Estimated Fair Value
Current assets:
Cash	$	61,310	$	—	$	—	$	61,310
Cash equivalents:
Money market funds (1)	98,371		—		(18)		98,353
Time deposits (2)	80,007		—		—		80,007

Total cash and cash equivalents	$	239,688	$	—	$	(18)	$	239,670


Short-term investments (2):
Time deposits	238,000		—		—		238,000
Deposits (3)	99,000		—		—		99,000
Total short-term investments	$	337,000	$	—	$	—	$	337,000
Total cash, cash equivalents and short-term investments	$	576,688	$	—	$	(18)	$	576,670

(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 and short-term investments consisted of the following as of October 3, 2020:


(in thousands)	Amortized Cost		Unrealized Gains		Unrealized Losses		Estimated Fair Value
Current assets:
Cash	$	42,997	$	—	$	—	$	42,997
Cash equivalents:
Money market funds (1)	105,133		—		(10)		105,123
Time deposits (2)	40,007		—		—		40,007

Total cash and cash equivalents	$	188,137	$	—	$	(10)	$	188,127


Short-term investments (2):
Time deposits	243,000		—		—		243,000
Deposits (3)	99,000		—		—		99,000
Total short-term investments	$	342,000	$	—	$	—	$	342,000
Total cash, cash equivalents and short-term investments	$	530,137	$	—	$	(10)	$	530,127

(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.