BALANCE SHEET COMPONENTS

3 Months Ended

Dec. 30, 2023

2. BALANCE SHEET COMPONENTS

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


	As of
(in thousands)	December 30, 2023		September 30, 2023

Inventories, net:
Raw materials and supplies	$	119,077	$	114,827
Work in process	85,499		74,555
Finished goods	55,463		49,207
	260,039		238,589
Inventory reserves	(23,481)		(21,285)
	$	236,558	$	217,304
Property, plant and equipment, net:
Land	$	2,182	$	2,182
Buildings and building improvements	23,213		23,105
Leasehold improvements	83,586		82,927
Data processing equipment and software	38,267		37,483
Machinery, equipment, furniture and fixtures	98,773		95,692
Construction in progress	11,345		11,099
	257,366		252,488
Accumulated depreciation	(150,093)		(142,437)
	$	107,273	$	110,051
Accrued expenses and other current liabilities:

Accrued customer obligations (1)	$	36,287	$	35,701
Wages and benefits	23,060		33,096
Dividends payable	11,303		10,710
Commissions and professional fees	4,270		4,091
Accrued leasehold renovations	10,013		11,005

Other	6,260		8,402
	$	91,193	$	103,005

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