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Balance Sheet Components (Tables) | 12 Months Ended
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Oct. 02, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Summary of Changes in Allowance for Credit Losses | The following table summarizes changes in the allowance for credit losses for fiscal 2021, and the allowance for doubtful accounts for fiscal 2020 and 2019:
| October 2, 2021 |  | October 3, 2020 |  | September 28, 2019
(In thousands) |  |  |  |  |
Beginning balance | $ | 1,307 |  |  | $ | 1,255 |  |  | $ | 872 |
Increases | 1,529 |  |  | 1,127 |  |  | 1,034 |
Write-offs | (1,289) |  |  | (1,075) |  |  | (651) |
Ending balance | $ | 1,547 |  |  | $ | 1,307 |  |  | $ | 1,255 |
Summary of Changes In Allowance for Sales Incentives | The following table summarizes the changes in the allowance for sales incentives for fiscal 2021, 2020 and 2019:
| October 2, 2021 |  | October 3, 2020 |  | September 28, 2019
(In thousands) |  |  |  |  |
Beginning balance | $ | 17,515 |  |  | $ | 20,051 |  |  | $ | 11,754 |
Charged to revenue | 95,249 |  |  | 108,843 |  |  | 87,703 |
Utilization of sales incentive allowance | (93,604) |  |  | (111,379) |  |  | (79,406) |
Ending balance | $ | 19,160 |  |  | $ | 17,515 |  |  | $ | 20,051 |
Schedule of Inventories, Net | Inventories, net, consist of the following:
| October 2, 2021 |  | October 3, 2020
(In thousands)
Finished goods | $ | 154,608 |  |  | $ | 172,184 |
Components | 30,522 |  |  | 8,646 |
Inventories | $ | 185,130 |  |  | $ | 180,830 |
Schedule of Property and Equipment | Depreciation is calculated using the straight-line method over the estimated useful lives of the related assets as follows:
Computer hardware and software | 1-3 years
Furniture and fixtures | 2-5 years
Tooling and production line test equipment | 2-4 years
Leasehold improvements | 2-10 years
Product displays | 1-3 years
Property and equipment, net by country as of October 2, 2021, and October 3, 2020 were as follows:
| October 2, 2021 |  | October 3, 2020
(In thousands) |  |  |
United States | $ | 40,669 |  |  | $ | 35,372 |
China | 23,460 |  |  | 17,624 |
Other countries | 7,212 |  |  | 7,788 |
Property and equipment, net | $ | 71,341 |  |  | $ | 60,784 |
Property and equipment, net consist of the following:
| October 2, 2021 |  | October 3, 2020
(In thousands)
Computer hardware and software | $ | 40,098 |  |  | $ | 45,798 |
Furniture and fixtures | 7,483 |  |  | 8,239 |
Tooling and production line test equipment | 76,210 |  |  | 67,495 |
Leasehold improvements | 49,846 |  |  | 51,102 |
Product displays | 57,863 |  |  | 48,925 |
Total property and equipment | 231,500 |  |  | 221,559 |
Accumulated depreciation and amortization | (160,159) |  |  | (160,775) |
Property and equipment, net | $ | 71,341 |  |  | $ | 60,784 |
Schedule of Intangible Assets | The following table reflects the changes in the net carrying amount of the components of intangible assets associated with the Company's acquisition activity:
| October 2, 2021
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value |  | Weighted-Average Remaining Life
(In thousands, except weighted-average remaining life) |  |  |  |  |  |  |
Technology | $ | 7,752 |  |  | $ | (3,405) |  |  | $ | 4,347 |  |  | 2.67
Other | 39 |  |  | (36) |  |  | 3 |  | 0.17
Total finite-lived intangible assets | 7,791 |  |  | (3,441) |  |  | 4,350 |  |  | 2.67
In-process research and development and other intangible assets not subject to amortization | 20,100 |  |  | — |  |  | 20,100 |  |  |
Total intangible assets | $ | 27,891 |  |  | $ | (3,441) |  |  | $ | 24,450 |  |  |
Summary of Estimated Future Amortization Expense | The following table summarizes the estimated future amortization expense of the Company's intangible assets as October 2, 2021:
Fiscal years ending | Future Amortization Expense
(In thousands) |
2022 | $ | 1,917 |
2023 | 1,243 |
2024 | 1,020 |
2025 | 170 |
2026 and thereafter | — |
Total future amortization expense | $ | 4,350 |
Schedule of Accrued Expenses | Accrued expenses consisted of the following:
| October 2, 2021 |  | October 3, 2020
(In thousands)
Accrued advertising and marketing | $ | 19,989 |  |  | $ | 10,609 |
Accrued taxes | 16,941 |  |  | 6,252 |
Accrued inventory | 37,117 |  |  | 2,843 |
Accrued manufacturing, logistics and product development | 14,943 |  |  | 9,753 |
Accrued general and administrative | 13,066 |  |  | 10,068 |
Accrued restructuring | 114 |  |  | 1,062 |
Other accrued payables | 5,859 |  |  | 4,462 |
Total accrued expenses | $ | 108,029 |  |  | $ | 45,049 |
Summary of Changes in Deferred Revenue | The following table presents the changes in the Company's deferred revenue balances for the fiscal years ended October 2, 2021, October 3, 2020, and September 28, 2019:
| October 2, 2021 |  | October 3, 2020 |  | September 28, 2019
(In thousands) |  |  |  |  |
Deferred revenue, beginning of period | $ | 62,389 |  |  | $ | 56,449 |  |  | $ | 50,967 |
Recognition of revenue included in beginning of period deferred revenue | (19,175) |  |  | (13,052) |  |  | (11,934) |
Revenue deferred, net of revenue recognized on contracts in the respective period | 46,284 |  |  | 18,992 |  |  | 17,416 |
Deferred revenue, end of period | $ | 89,498 |  |  | $ | 62,389 |  |  | $ | 56,449 |
Schedule of Expected Recognition of Deferred Revenue | The Company expects the following recognition of deferred revenue as of October 2, 2021:
| For the fiscal years ending |  |
| 2022 |  | 2023 |  | 2024 |  | 2025 |  | 2026 and Beyond |  | Total
(In thousands) |  |  |  |  |  |  |  |  |  |  |
Revenue expected to be recognized | $ | 35,866 |  |  | $ | 14,867 |  |  | $ | 12,805 |  |  | $ | 10,476 |  |  | $ | 15,484 |  |  | $ | 89,498 |
Schedule of Other Current Liabilities | Other current liabilities consist of the following:
| October 2, 2021 |  | October 3, 2020
(In thousands) |  |  |
Reserve for returns | $ | 19,266 |  |  | $ | 14,195 |
Short-term operating lease liabilities | 10,724 |  |  | 10,910 |
Product warranty liability | 5,604 |  |  | 3,628 |
Other | 3,950 |  |  | 2,417 |
Total other current liabilities | $ | 39,544 |  |  | $ | 31,150 |
Schedule of Warranty Liability | The following table presents the changes in the Company’s warranty liability for the fiscal years ended October 2, 2021, and October 3, 2020:
| October 2, 2021 |  | October 3, 2020
(In thousands) |  |  |
Warranty liability, beginning of period | $ | 3,628 |  |  | $ | 3,254 |
Provision for warranties issued during the period | 15,304 |  |  | 12,711 |
Settlements of warranty claims during the period | (13,328) |  |  | (12,337) |
Warranty liability, end of period | $ | 5,604 |  |  | $ | 3,628 |

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