BALANCE SHEET COMPONENTS (Tables)

3 Months Ended

Dec. 28, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Components of significant balance sheet accounts

Components of significant balance sheet accounts as of December 28, 2024 and September 28, 2024 are as follows:


	As of
(in thousands)	December 28, 2024		September 28, 2024

Inventories, net:
Raw materials and supplies	$	110,245	$	113,119
Work in process	43,655		43,023
Finished goods	58,284		53,378
	212,184		209,520
Inventory reserves	(27,124)		(31,784)
	$	185,060	$	177,736
Property, plant and equipment, net (1):
Land	$	2,182	$	2,182
Buildings and building improvements	27,801		23,951
Leasehold improvements	39,064		44,682
Data processing equipment and software	37,879		37,917
Machinery, equipment, furniture and fixtures	103,288		105,548
Construction in progress	6,930		10,060
	217,144		224,340
Accumulated depreciation	(154,677)		(159,517)

	$	62,467	$	64,823
Accrued expenses and other current liabilities:

Accrued customer obligations (2)	$	24,822	$	31,014
Wages and benefits	29,110		31,349
Dividends payable	10,987		10,794
Commissions and professional fees	3,839		4,654
Accrued leasehold renovations	—		6,476

Other	8,315		6,515
	$	77,073	$	90,802

(1)Certain balances previously presented as Accumulated Impairment as of September 28, 2024 have been reclassified to conform to the current period presentation. These reclassifications have no impact to the consolidated financial statements in the fiscal period.

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