BALANCE SHEET COMPONENTS

6 Months Ended

Mar. 30, 2024

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 March 30, 2024 and September 30, 2023:


	As of
(in thousands)	March 30, 2024		September 30, 2023

Inventories, net:
Raw materials and supplies	$	117,797	$	114,827
Work in process	63,046		74,555
Finished goods	54,804		49,207
	235,647		238,589
Inventory reserves(1)	(55,106)		(21,285)
	$	180,541	$	217,304
Property, plant and equipment, net:
Land	$	2,182	$	2,182
Buildings and building improvements	23,184		23,105
Leasehold improvements	84,987		82,927
Data processing equipment and software	39,709		37,483
Machinery, equipment, furniture and fixtures	100,336		95,692
Construction in progress	11,072		11,099
	261,470		252,488
Accumulated depreciation	(154,960)		(142,437)
Accumulated impairment (1)	(41,507)		—
	$	65,003	$	110,051
Accrued expenses and other current liabilities:

Accrued customer obligations (2)	$	32,399	$	35,701
Wages and benefits(1)	24,420		33,096
Dividends payable	11,164		10,710
Commissions and professional fees	4,398		4,091
Accrued leasehold renovations	7,613		11,005

Other	10,132		8,402
	$	90,126	$	103,005

(1)Please see Note 16: Restructuring and Cancellation of Project for more information on the wind down charges and impairments related to the cancellation of Project W.

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