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

6 Months Ended

Mar. 30, 2024

Cash and Cash Equivalents [Abstract]

Cash, cash equivalents, restricted cash and short-term investments

Cash, cash equivalents, and short-term investments consisted of the following as of March 30, 2024:


(in thousands)	Amortized Cost		Unrealized Gains		Unrealized Losses		Estimated Fair Value
Current assets:
Cash	$	36,654	$	—	$	—	$	36,654
Cash equivalents:
Money market funds (1)	223,107		—		(13)		223,094
Time deposits (2)	100,000		—		—		100,000

Total cash and cash equivalents	$	359,761	$	—	$	(13)	$	359,748


Short-term investments:
Time deposits (2)	275,000		—		—		275,000

Total short-term investments	$	275,000	$	—	$	—	$	275,000
Total cash, cash equivalents and short-term investments	$	634,761	$	—	$	(13)	$	634,748

(1)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 three and six months ended March 30, 2024.

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


(in thousands)	Amortized Cost		Unrealized Gains		Unrealized Losses		Estimated Fair Value
Current assets:
Cash	$	37,292	$	—	$	—	$	37,292
Cash equivalents:
Money market 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 and short-term investments	$	759,412	$	—	$	(10)	$	759,402

(1)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.