Stockholders' equity

12 Months Ended

Sep. 29, 2018

Redeemable convertible preferred stock

Upon the closing of the IPO, all outstanding shares of the Company's redeemable convertible preferred stock automatically converted into 32,482,590 shares of common stock on a one-for-one basis. Additionally, upon completion of the IPO, the Company's authorized capital stock consisted of 500,000,000 shares of common stock, $0.001 par value per share and 10,000,000 shares of "blank check" preferred stock, $0.001 par value per share.

The following table summarizes the redeemable convertible preferred stock information (together, the "Preferred Stock") as of September 30, 2017:



(In thousands, except share amounts)
	Authorized Shares	Issued and Outstanding Shares	Carrying Value		Liquidation Preference
Series A preferred stock	10,035,000	10,005,000	$	15,060	$	15,008
Series B preferred stock	3,881,250	3,730,000	5,926		5,968
Series C preferred stock	11,700,000	11,688,766	26,556		25,000
Series D preferred stock	7,058,824	7,058,824	42,799		45,000
Total	32,675,074	32,482,590	$	90,341	$	90,976

Common and treasury stock

During fiscal 2017, in an effort to facilitate the sale of common stock to new investors and provide liquidity for existing stockholders, the Company purchased 738,682 shares of common stock at the fair value of common stock at the date of exchange for an aggregate purchase price of $10.0 million and concurrent therewith, the Company issued 742,034 shares of common stock to two outside investors. The sale price to the outside investors was $13.56 per share, the fair value of common stock at the date of exchange, for total gross proceeds to the Company of $10.1 million.