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

9 Months Ended

Jun. 29, 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 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.