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Balance Sheet Components (Tables) | 3 Months Ended
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Jan. 02, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Summary of accounts receivable | Accounts receivable, net of allowances, consist of the following:
| January 2, 2021 |  | October 3, 2020
(In thousands) |  |  |
Accounts receivable | $ | 164,912 |  |  | $ | 73,757
Allowance for credit losses | (1,538) |  |  | (1,307) |
Allowance for sales incentives | (49,758) |  |  | (17,515) |
Accounts receivable, net of allowances | $ | 113,616 |  |  | $ | 54,935
Schedule of inventories, net | Inventories consist of the following:
| January 2, 2021 |  | October 3, 2020
(In thousands) |  |  |
Finished goods | $ | 79,213 |  |  | $ | 172,184
Component parts | 8,981 |  |  | 8,646 |
Inventories | $ | 88,194 |  |  | $ | 180,830
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:
| January 2, 2021
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value |  | Weighted-Average Remaining Life
(In thousands, except weighted-average remaining life) |  |  |  |  |  |  |
Technology | $ | 7,875 |  |  | $ | (2,018) |  |  | $ | 5,857 |  |  | 3.31
Other | 39 |  |  | (21) |  |  | 18 |  |  | 0.92
Total finite-lived intangible assets | 7,914 |  |  | (2,039) |  |  | 5,875 |  |  | 3.30
In-process research and development and other intangible assets not subject to amortization | 20,100 |  |  | — |  |  | 20,100 |  |  |
Total intangible assets | $ | 28,014 |  |  | $ | (2,039) |  |  | $ | 25,975 |  |  |
The following table summarizes estimated future amortization expense of the Company's intangible assets as of January 2, 2021:
Fiscal years ending | Future Amortization Expense
(In thousands) |
Remainder of fiscal 2021 | $ | 1,478 |
2022 | 1,955 |
2023 | 1,253 |
2024 | 1,020 |
2025 | 169 |
2026 and thereafter | — |
Total future amortization expense | $ | 5,875 |
Schedule of accrued expenses | Accrued expenses consist of the following:
| January 2, 2021 |  | October 3, 2020
(In thousands) |  |  |
Accrued advertising and marketing | $ | 26,681 |  |  | $ | 10,609 |
Accrued taxes | 20,300 |  |  | 6,252 |
Accrued inventory | 12,130 |  |  | 2,843 |
Accrued manufacturing, logistics and product development | 17,765 |  |  | 9,753 |
Accrued general and administrative expenses | 10,935 |  |  | 10,068 |
Other accrued payables | 8,622 |  |  | 5,524 |
Total accrued expenses | $ | 96,433 |  |  | $ | 45,049 |
Changes in deferred balances and expected revenue recognition | The following table presents the changes in the Company’s deferred revenue for the three months ended January 2, 2021 and December 28, 2019:
| January 2, 2021 |  | December 28, 2019
(In thousands) |  |  |
Deferred revenue, beginning of period | $ | 62,389 |  |  | $ | 56,449 |
Recognition of revenue included in beginning of period deferred revenue | (3,357) |  |  | (3,238) |
Revenue deferred, net of revenue recognized on contracts in the respective period | 9,809 |  |  | 8,435 |
Deferred revenue, end of period | $ | 68,841 |  |  | $ | 61,646 |
Remaining performance obligation | The Company expects the following recognition of deferred revenue as of January 2, 2021:
| For the fiscal years ending |  |
| 2021 |  | 2022 |  |  | 2023 |  | 2024 |  | 2025 and Beyond |  | Total
(In thousands) |  |  |  |  |  |  |  |  |  |  |
Deferred revenue expected to be recognized | $ | 12,488 |  |  | $ | 14,772 |  |  | $ | 12,844 |  |  | $ | 10,793 |  |  | $ | 17,944 |  |  | $ | 68,841 |
Schedule of other current liabilities | Other current liabilities consist of the following:
| January 2, 2021 |  | October 3, 2020
(In thousands) |  |  |
Reserve for returns | $ | 23,723 |  |  | $ | 14,195 |
Short-term operating lease liabilities | 10,831 |  |  | 10,910 |
Product warranty liability | 6,446 |  |  | 3,628 |
Other | 7,828 |  |  | 2,417 |
Total other current liabilities | $ | 48,828 |  |  | $ | 31,150 |
Schedule of product warranty liability | The following table presents the changes in the Company’s warranty liability for the three months ended January 2, 2021 and December 28, 2019:
| January 2, 2021 |  | December 28, 2019
(In thousands) |  |  |
Warranty liability, beginning of period | $ | 3,628 |  |  | $ | 3,254 |
Provision for warranties issued during the period | 6,277 |  |  | 5,080 |
Settlements of warranty claims during the period | (3,459) |  |  | (2,633) |
Warranty liability, end of period | $ | 6,446 |  |  | $ | 5,701 |

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- Definition Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=68068213&loc=d3e12565-110249 + Details
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