BALANCE SHEET COMPONENTS (Tables)

6 Months Ended

Apr. 02, 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 April 2, 2022 and October 2, 2021:


	As of
(in thousands)	April 2, 2022		October 2, 2021

Short-term investments, available-for-sale (1)	$	230,000	$	377,000

Inventories, net:
Raw materials and supplies	$	117,864	$	94,493
Work in process	70,649		55,866
Finished goods	44,475		40,006
	232,988		190,365
Inventory reserves	(21,111)		(23,042)
	$	211,877	$	167,323
Property, plant and equipment, net:
Land	$	2,182	$	2,182
Buildings and building improvements	23,464		23,314
Leasehold improvements	32,057		30,054
Data processing equipment and software	41,419		40,945
Machinery, equipment, furniture and fixtures	93,421		87,994
Construction in progress	8,419		9,562
	200,962		194,051
Accumulated depreciation	(133,918)		(126,069)
	$	67,044	$	67,982
Accrued expenses and other current liabilities:

Accrued customer obligations (2)	$	76,245	$	72,478
Wages and benefits	38,966		66,531
Dividends payable	10,110		8,673
Commissions and professional fees	6,093		6,190

Severance	—		31
Other	5,229		7,667
	$	136,643	$	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 and six months ended April 2, 2022 and April 3, 2021.

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