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Balance sheet components (Tables) | 6 Months Ended
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Mar. 28, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Summary of accounts receivable | Accounts receivable, net of allowances, consist of the following:
| March 28, 2020 |  | September 28, 2019
(In thousands) |  |  |
Accounts receivable | $ | 57,776 |  |  | $ | 124,049 |
Allowance for doubtful accounts | (1,744 | ) |  | (1,255 | )
Allowance for sales incentives | (15,860 | ) |  | (20,051 | )
Accounts receivable, net of allowances | $ | 40,172 |  |  | $ | 102,743 |
Schedule of inventories, net | Inventories consist of the following:
| March 28, 2020 |  | September 28, 2019
(In thousands) |  |  |
Finished goods | $ | 102,003 |  |  | $ | 207,723 |
Component parts | 10,473 |  |  | 12,061 |
Inventories | $ | 112,476 |  |  | $ | 219,784 |
Schedule of goodwill | The following table presents details of the Company's goodwill for the six months ended March 28, 2020:
(In thousands) |
Balance as of September 28, 2019 | $ | 1,005 |
Goodwill acquired | 14,282 |
Purchase price adjustment | 258 |
Balance as of March 28, 2020 | $ | 15,545 |
Schedule of finite-lived intangible assets, future amortization expense | The following table reflects the changes in the net carrying amount of the components of intangible assets associated with the Company's acquisition activity:
| March 28, 2020
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value |  | Weighted-Average Remaining Life
(In thousands, except weighted-average remaining life) |  |  |  |  |  |  |
Technology | $ | 7,527 |  |  | $ | (529 | ) |  | $ | 6,998 |  |  | 4.33
Other | 39 |  |  | (7 | ) |  | 32 |  |  | 0.01
Total finite-lived intangible assets | 7,566 |  |  | (536 | ) |  | 7,030 |  |  | 4.34
In-process research and development and other intangible assets not subject to amortization | 20,113 |  |  | — |  |  | 20,113 |  |  |
Total intangible assets | $ | 27,679 |  |  | $ | (536 | ) |  | $ | 27,143 |  |  |
The following table summarizes estimated future amortization expense of the Company's intangible assets as of March 28, 2020:
Fiscal years ending | Future Amortization Expense
(In thousands) |
Remainder of fiscal 2020 | $ | 924 |
2021 | 1,848 |
2022 | 1,832 |
2023 | 1,235 |
2024 | 1,020 |
2025 and thereafter | 171 |
Total future amortization expense | $ | 7,030 |
Schedule of accrued expenses | Accrued expenses consist of the following:
| March 28, 2020 |  | September 28, 2019
(In thousands) |  |  |
Accrued advertising and marketing | $ | 13,320 |  |  | $ | 25,662 |
Accrued taxes | 2,468 |  |  | 4,388 |
Accrued inventory | 4,657 |  |  | 6,494 |
Accrued manufacturing, logistics and product development | 13,215 |  |  | 14,783 |
Accrued general and administrative expenses | 6,693 |  |  | 12,455 |
Other accrued payables | 2,688 |  |  | 6,074 |
Total accrued expenses | $ | 43,041 |  |  | $ | 69,856 |
Changes in deferred balances and expected revenue recognition | The following table presents the changes in the Company’s deferred revenue for the six months ended March 28, 2020 and March 30, 2019:
| March 28, 2020 |  | March 30, 2019
(In thousands) |  |  |
Deferred revenue, beginning of period | $ | 56,449 |  |  | $ | 50,967 |
Recognition of revenue included in beginning of period deferred revenue | (6,904 | ) |  | (6,040 | )
Revenue deferred, net of revenue recognized on contracts in the respective period | 10,798 |  |  | 10,306 |
Deferred revenue, end of period | $ | 60,343 |  |  | $ | 55,233 |
Remaining performance obligation | The Company expects the following recognition of deferred revenue as of March 28, 2020:
| For the fiscal years ending |  |
| 2020 |  | 2021 |  |  | 2022 |  | 2023 |  | 2024 and Beyond |  | Total
(In thousands) |  |  |  |  |  |  |  |  |  |  |
Deferred revenue expected to be recognized | $ | 7,503 |  |  | $ | 13,727 |  |  | $ | 11,881 |  |  | $ | 9,953 |  |  | $ | 17,279 |  |  | $ | 60,343 |
Schedule of other current liabilities | Other current liabilities consist of the following:
| March 28, 2020 |  | September 28, 2019
(In thousands) |  |  |
Reserve for returns | $ | 13,253 |  |  | $ | 12,110 |
Short-term operating lease liabilities | 11,918 |  |  | — |
Product warranty liability | 3,744 |  |  | 3,254 |
Other | 7,812 |  |  | 2,184 |
Total other current liabilities | $ | 36,727 |  |  | $ | 17,548 |
Schedule of product warranty liability | The following table presents the changes in the Company’s warranty liability for the six months ended March 28, 2020 and March 30, 2019:
| March 28, 2020 |  | March 30, 2019
(In thousands) |  |  |
Warranty liability, beginning of period | $ | 3,254 |  |  | $ | 2,450 |
Provision for warranties issued during the period | 7,098 |  |  | 6,934 |
Settlements of warranty claims during the period | (6,608 | ) |  | (5,658 | )
Warranty liability, end of period | $ | 3,744 |  |  | $ | 3,726 |

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