BALANCE SHEET COMPONENTS

3 Months Ended

Jan. 02, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

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


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

Short-term investments, available-for-sale(1)	$	337,000	$	342,000

Inventories, net:
Raw materials and supplies	$	66,503	$	60,205
Work in process	44,818		39,753
Finished goods	42,774		43,015
	154,095		142,973
Inventory reserves	(29,013)		(31,164)
	$	125,082	$	111,809
Property, plant and equipment, net:
Land	$	2,182	$	2,182
Buildings and building improvements	23,194		22,830
Leasehold improvements	24,199		23,111
Data processing equipment and software	39,081		38,524
Machinery, equipment, furniture and fixtures	83,942		80,953
Construction in progress	8,407		7,111
	181,005		174,711
Accumulated depreciation	(120,070)		(115,564)
	$	60,935	$	59,147
Accrued expenses and other current liabilities:

Accrued customer obligations (2)	$	34,019	$	22,759
Wages and benefits	29,795		37,237
Dividend payable	8,687		7,397
Commissions and professional fees	3,769		2,716

Severance	66		449
Other	7,141		6,204
	$	83,477	$	76,762

(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 months ended January 2, 2021 and December 28, 2019.

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