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CASH, CASH EQUIVALENTS, RESTRICTED CASH AND SHORT-TERM INVESTMENTS | 9 Months Ended
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Jun. 29, 2024
Cash and Cash Equivalents [Abstract] |
CASH, CASH EQUIVALENTS, RESTRICTED CASH AND SHORT-TERM INVESTMENTS | 4. CASH, CASH EQUIVALENTS, AND SHORT-TERM INVESTMENTS Cash equivalents consist of instruments with remaining maturities of three months or less at the date of purchase. In general, these investments are free of trading restrictions. Cash, cash equivalents, and short-term investments consisted of the following as of June 29, 2024:
(in thousands) | Amortized Cost |  | Unrealized Gains |  | Unrealized Losses |  | Estimated Fair Value |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash | $ | 46,816 |  |  | $ | — |  |  | $ | — |  |  | $ | 46,816 |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |
Mutual Funds (1) | 204,395 |  |  | — |  |  | (18) |  |  | 204,377 |  |  |  |  |  |
Time deposits (2) | 115,724 |  |  | — |  |  | — |  |  | 115,724 |  |  |  |  |  |
Total cash and cash equivalents | $ | 366,935 |  |  | $ | — |  |  | $ | (18) |  |  | $ | 366,917 |  |  |  |  |  |
Short-term investments: |  |  |  |  |  |  |  |  |  |  |  |
Time deposits (2) | 235,000 |  |  | — |  |  | — |  |  | 235,000 |  |  |  |  |  |
Total short-term investments | $ | 235,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 235,000 |  |  |  |  |  |
Total cash, cash equivalents and short-term investments | $ | 601,935 |  |  | $ | — |  |  | $ | (18) |  |  | $ | 601,917 |  |  |  |  |  |
(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)The fair value of all short-term investments 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 June 29, 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: |  |  |  |  |  |  |  |  |  |  |  |
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 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. (2)The fair value of all short-term investments 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.

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- Definition The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 + Details
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