BALANCE SHEET COMPONENTS

3 Months Ended

Dec. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

2. BALANCE SHEET COMPONENTS

The following tables reflect the components of significant balance sheet accounts as of December 31, 2022 and October 1, 2022:


	As of
(in thousands)	December 31, 2022		October 1, 2022

Short-term investments, available-for-sale (1)	$	245,000	$	220,000

Inventories, net:
Raw materials and supplies	$	142,520	$	118,833
Work in process	43,117		40,114
Finished goods	45,118		45,277
	230,755		204,224
Inventory reserves	(19,118)		(19,238)
	$	211,637	$	184,986
Property, plant and equipment, net:
Land	$	2,182	$	2,182
Buildings and building improvements	22,964		22,783
Leasehold improvements	32,784		32,400
Data processing equipment and software	39,282		38,223
Machinery, equipment, furniture and fixtures	93,931		90,151
Construction in progress	37,356		25,004
	228,499		210,743
Accumulated depreciation	(135,680)		(129,835)
	$	92,819	$	80,908
Accrued expenses and other current liabilities:

Accrued customer obligations (2)	$	55,833	$	58,916
Wages and benefits	26,494		50,279
Dividends payable	10,794		9,743
Commissions and professional fees	3,435		5,019

Severance	88		19
Other	14,289		10,565
	$	110,933	$	134,541

(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 December 31, 2022 and January 1, 2022.

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