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CASH, CASH EQUIVALENTS, RESTRICTED CASH AND SHORT-TERM INVESTMENTS (Tables)
9 Months Ended
Jul. 02, 2022
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 July 2, 2022:
(in thousands)Amortized
Cost
Unrealized
Gains
Unrealized
Losses
Estimated
Fair Value
Current assets:
Cash$164,458 $— $— $164,458 
Cash equivalents:
Money market funds (1)
161,338 — (24)161,314 
Time deposits (2)
120,009 — — 120,009 
Total cash and cash equivalents$445,805 $— $(24)$445,781 
Short-term investments:
Time deposits (2)
300,000 — — 300,000 
Total short-term investments$300,000 $— $— $300,000 
Total cash, cash equivalents and short-term investments$745,805 $— $(24)$745,781 
(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.

Cash, cash equivalents and short-term investments consisted of the following as of October 2, 2021:
(in thousands)Amortized
Cost
Unrealized
Gains
Unrealized
Losses
Estimated
Fair Value
Current assets:
Cash$269,201 $— $— $269,201 
Cash equivalents:
Money market funds (1)
93,598 — (18)93,580 
Time deposits (2)
— — 
Total cash and cash equivalents$362,806 $— $(18)$362,788 
Short-term investments:
Time deposits (2)
377,000 — — 377,000 
Total short-term investments$377,000 $— $— $377,000 
Total cash, cash equivalents and short-term investments$739,806 $— $(18)$739,788 
(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.