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COMMITMENTS, CONTINGENCIES AND CONCENTRATIONS (Notes)
 12 Months Ended
Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS, CONTINGENCIES AND CONCENTRATIONS 17: COMMITMENTS, CONTINGENCIES AND CONCENTRATIONS
Warranty Expense
The Company’s equipment is generally shipped with a one-year warranty against manufacturing defects. The Company establishes reserves for estimated warranty expense when revenue for the related equipment is recognized. The reserve for estimated warranty expense is based upon historical experience and management’s estimate of future warranty costs, including product part replacement, freight charges and related labor costs expected to be incurred to correct product failures during the warranty period.
The following table reflects the reserve for product warranty activity for fiscal 2023, 2022, and 2021: 
 Fiscal
(in thousands)202320222021
Reserve for warranty, beginning of period$13,443 $16,961 $9,576 
Provision for warranty12,850 12,907 18,889 
Utilization of reserve(15,836)(16,425)(11,504)
Reserve for warranty, end of period$10,457 $13,443 $16,961 
Other Commitments and Contingencies
The following table reflects the obligations not reflected on the Consolidated Balance Sheets as of September 30, 2023:
  Payments due by fiscal year
(in thousands)Total2024202520262027Thereafter
Inventory purchase obligation (1)
$182,567 $182,567 $— $— $— $— 

(1) The Company orders inventory components in the normal course of its business. A portion of these orders are non-cancelable and a portion may have varying penalties and charges in the event of cancellation.
From time to time, the Company is party to or the target of lawsuits, claims, investigations and proceedings, including for personal injury, intellectual property, commercial, contract, and employment matters, which are handled and defended in the ordinary course of business. The Company accrues a contingent loss liability for such matters when it is probable that a liability has been incurred and the amount can be reasonably estimated. When a single amount cannot be reasonably estimated but the cost can be estimated within a range, the Company accrues the minimum amount. The Company expenses legal costs, including those expected to be incurred in connection with a loss contingency, as incurred.
Unfunded Capital Commitments
As of September 30, 2023, the Company also has an obligation to fund uncalled capital commitments of approximately $9.0 million, as and when required, in relation to its investment in a private equity fund.
Concentrations
The following table reflect the significant customer concentrations as a percentage of net revenue for fiscal 2023, 2022, and 2021:
 Fiscal
 202320222021
ASE Technology Holding**17.4 %
* Represents less than 10% of total net revenue

The following table reflects the significant customer concentrations as a percentage of total accounts receivable as of September 30, 2023 and October 1, 2022:
 As of
 September 30, 2023October 1, 2022
Tianshui Huatian Technology Co., Ltd.*16.7 %
Haoseng Industrial Co., Ltd. (1)
*12.6 %
(1) Distributor of the Company's products
* Represents less than 10% of total accounts receivables