BALANCE SHEET COMPONENTS (Tables)

9 Months Ended

Jul. 01, 2023

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 July 1, 2023 and October 1, 2022:


	As of
(in thousands)	July 1, 2023		October 1, 2022

Short-term investments, available-for-sale (1)	$	310,000	$	220,000

Inventories, net:
Raw materials and supplies	$	127,216	$	118,833
Work in process	71,052		40,114
Finished goods	49,155		45,277
	247,423		204,224
Inventory reserves	(19,432)		(19,238)
	$	227,991	$	184,986
Property, plant and equipment, net:
Land	$	2,182	$	2,182
Buildings and building improvements	22,929		22,783
Leasehold improvements	83,785		32,400
Data processing equipment and software	37,483		38,223
Machinery, equipment, furniture and fixtures	93,192		90,151
Construction in progress	11,910		25,004
	251,481		210,743
Accumulated depreciation	(137,914)		(129,835)
	$	113,567	$	80,908
Accrued expenses and other current liabilities:

Accrued customer obligations (2)	$	52,268	$	58,916
Wages and benefits	31,735		50,279
Dividends payable	10,734		9,743
Commissions and professional fees	3,825		5,019
Accrued leasehold renovations	13,378		—
Severance	—		19
Other	8,566		10,565
	$	120,506	$	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 and nine months ended July 1, 2023 and July 2, 2022.

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