BALANCE SHEET COMPONENTS (Tables)

3 Months Ended

Jan. 01, 2022

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 January 1, 2022 and October 2, 2021:


	As of
(in thousands)	January 1, 2022		October 2, 2021

Short-term investments, available-for-sale (1)	$	367,000	$	377,000

Inventories, net:
Raw materials and supplies	$	102,886	$	94,493
Work in process	70,626		55,866
Finished goods	47,865		40,006
	221,377		190,365
Inventory reserves	(24,143)		(23,042)
	$	197,234	$	167,323
Property, plant and equipment, net:
Land	$	2,182	$	2,182
Buildings and building improvements	23,402		23,314
Leasehold improvements	30,127		30,054
Data processing equipment and software	41,259		40,945
Machinery, equipment, furniture and fixtures	90,107		87,994
Construction in progress	10,175		9,562
	197,252		194,051
Accumulated depreciation	(130,143)		(126,069)
	$	67,109	$	67,982
Accrued expenses and other current liabilities:

Accrued customer obligations (2)	$	87,568	$	72,478
Wages and benefits	36,000		66,531
Dividend payable	10,610		8,673
Commissions and professional fees	6,313		6,190

Severance	5		31
Other	5,656		7,667
	$	146,152	$	161,570

(1)All short-term investments were classified as available-for-sale and the fair value approximates cost basis. The Company did not recognize any realized gains or losses on the sale of investments during the three months ended January 1, 2022 and January 2, 2021.

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