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

3 Months Ended

Dec. 28, 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 December 28, 2024:


(in thousands)	Amortized Cost		Unrealized Gains		Unrealized Losses		Estimated Fair Value
Current assets:
Cash	$	27,050	$	—	$	—	$	27,050
Cash equivalents:
Mutual Funds (1)	214,247		—		(3)		214,244
Time deposits (2)	37,031		—		—		37,031

Total cash and cash equivalents	$	278,328	$	—	$	(3)	$	278,325


Short-term investments:
Time deposits (2)	260,000		—		—		260,000

Total short-term investments	$	260,000	$	—	$	—	$	260,000
Total cash, cash equivalents and short-term investments	$	538,328	$	—	$	(3)	$	538,325

(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 months ended December 28, 2024.

Cash, cash equivalents and short-term investments consisted of the following as of September 28, 2024:


(in thousands)	Amortized Cost		Unrealized Gains		Unrealized Losses		Estimated Fair Value
Current assets:
Cash	$	26,800	$	—	$	—	$	26,800
Cash equivalents:
Mutual Funds (1)	157,590		89		—		157,679
Time deposits (2)	42,668		—		—		42,668

Total cash and cash equivalents	$	227,058	$	89	$	—	$	227,147


Short-term investments:
Time deposits (2)	350,000		—		—		350,000

Total short-term investments	$	350,000	$	—	$	—	$	350,000
Total cash, cash equivalents and short-term investments	$	577,058	$	89	$	—	$	577,147

(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.