BALANCE SHEET COMPONENTS

12 Months Ended

Sep. 30, 2023

The following tables reflect the components of significant balance sheet accounts as of September 30, 2023 and October 1, 2022:


	As of
(in thousands)	September 30, 2023		October 1, 2022


Inventories, net:
Raw materials and supplies	$	114,827	$	118,833
Work in process	74,555		40,114
Finished goods	49,207		45,277
	238,589		204,224
Inventory reserves	(21,285)		(19,238)
	$	217,304	$	184,986

Property, plant and equipment, net:
Land	$	2,182	$	2,182
Buildings and building improvements	23,105		22,783
Leasehold improvements	82,927		32,400
Data processing equipment and software	37,483		38,223
Machinery, equipment, furniture and fixtures	95,692		90,151
Construction in progress	11,099		25,004
	252,488		210,743
Accumulated depreciation	(142,437)		(129,835)
	$	110,051	$	80,908

Accrued expenses and other current liabilities:
Accrued customer obligations (1)	$	35,701	$	58,916
Wages and benefits	33,096		50,279
Commissions and professional fees	4,091		5,019
Dividends payable	10,710		9,743
Accrued leasehold renovations	11,005		—

Other	8,402		10,584
	$	103,005	$	134,541

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