CASH, CASH EQUIVALENTS, AND SHORT-TERM INVESTMENTS (Tables)

12 Months Ended

Sep. 28, 2024

Cash and Cash Equivalents [Abstract]

Schedule of cash, cash equivalents and short-term investments

Cash, cash equivalents and short-term investments consisted of the following as of September 28, 2024:


(dollar amounts in thousands)	Amortized Cost		Unrealized Gains		Unrealized Losses		Estimated Fair Value
Current assets:
Cash	$	26,800	$	—	$	—	$	26,800
Cash equivalents:
Mutual Funds (1)	157,590		89		—		157,679
Time deposits (2)	42,668		—		—		42,668

Total cash and cash equivalents	$	227,058	$	89	$	—	$	227,147


Short-term investments:
Time deposits (2)	$	350,000	$	—	$	—	$	350,000

Total short-term investments	$	350,000	$	—	$	—	$	350,000
Total cash, cash equivalents, and short-term investments	$	577,058	$	89	$	—	$	577,147

(1)Mutual funds held by the Company include Money Market Funds and Ultra-Short Funds. 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)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 fiscal year ended 2024.

Cash, cash equivalents, restricted cash and short-term investments consisted of the following as of September 30, 2023:


(dollar amounts in thousands)	Amortized Cost		Unrealized Gains		Unrealized Losses		Estimated Fair Value
Current assets:
Cash	$	37,292	$	—	$	—	$	37,292
Cash equivalents:
Mutual Funds (1)	202,113		—		(10)		202,103
Time deposits (2)	290,007		—		—		290,007

Total cash and cash equivalents	$	529,412	$	—	$	(10)	$	529,402


Short-term investments:
Time deposits (2)	230,000		—		—		230,000

Total short-term investments	$	230,000	$	—	$	—	$	230,000
Total cash, cash equivalents, restricted cash and short-term investments	$	759,412	$	—	$	(10)	$	759,402

(1)Mutual funds held by the Company include Money Market Funds. 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.