XML 35 R24.htm IDEA: XBRL DOCUMENT v3.21.1

Balance Sheet Components (Tables)

6 Months Ended

Apr. 03, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Summary of accounts receivable

Accounts receivable, net of allowances, consist of the following:

			April 3, 2021						October 3, 2020
(In thousands)
Accounts receivable			$	91,737					$	73,757
Allowance for credit losses			(1,435)						(1,307)
Allowance for sales incentives			(20,612)						(17,515)
Accounts receivable, net of allowances			$	69,690					$	54,935

Schedule of inventories

Inventories consist of the following:

			April 3, 2021						October 3, 2020
(In thousands)
Finished goods			$	131,541					$	172,184
Component parts			8,040						8,646
Inventories			$	139,581					$	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:

			April 3, 2021
			Gross Carrying Amount						Accumulated Amortization						Net Carrying Value						Weighted-Average Remaining Life
(In thousands, except weighted-average remaining life)
Technology			$	7,789					$	(2,468)					$	5,321					3.10
Other			39						(26)						13						0.67
Total finite-lived intangible assets			7,828						(2,494)						5,334						3.09
In-process research and development and other intangible assets not subject to amortization			20,100						—						20,100
Total intangible assets			$	27,928					$	(2,494)					$	25,434

The following table summarizes estimated future amortization expense of the Company's intangible assets as of April 3, 2021:

Fiscal years ending			Future Amortization Expense
(In thousands)
Remainder of fiscal 2021			$	971
2022			1,927
2023			1,246
2024			1,020
2025			170
2026 and thereafter			—
Total future amortization expense			$	5,334

Schedule of accrued expenses

Accrued expenses consist of the following:

			April 3, 2021						October 3, 2020
(In thousands)
Accrued advertising and marketing			$	9,999					$	10,609
Accrued taxes			9,294						6,252
Accrued inventory			7,864						2,843
Accrued manufacturing, logistics and product development			12,366						9,753
Accrued general and administrative expenses			16,555						10,068
Other accrued payables			5,581						5,524
Total accrued expenses			$	61,659					$	45,049

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 April 3, 2021 and March 28, 2020:

			April 3, 2021						March 28, 2020
(In thousands)
Deferred revenue, beginning of period			$	62,389					$	56,449
Recognition of revenue included in beginning of period deferred revenue			(7,883)						(6,904)
Revenue deferred, net of revenue recognized on contracts in the respective period			16,383						10,798
Deferred revenue, end of period			$	70,889					$	60,343

Remaining performance obligation

The Company expects the following recognition of deferred revenue as of April 3, 2021:

			For the fiscal years ending
			2021						2022						2023						2024						2025 and Beyond						Total
(In thousands)
Deferred revenue expected to be recognized			$	10,473					$	15,360					$	13,432					$	11,382					$	20,242					$	70,889

Schedule of other current liabilities

Other current liabilities consist of the following:

			April 3, 2021						October 3, 2020
(In thousands)
Reserve for returns			$	20,572					$	14,195
Short-term operating lease liabilities			10,718						10,910
Product warranty liability			4,856						3,628
Other			4,624						2,417
Total other current liabilities			$	40,770					$	31,150

Schedule of product warranty liability

The following table presents the changes in the Company’s warranty liability for the six months ended April 3, 2021 and March 28, 2020:

			April 3, 2021						March 28, 2020
(In thousands)
Warranty liability, beginning of period			$	3,628					$	3,254
Provision for warranties issued during the period			8,844						7,098
Settlements of warranty claims during the period			(7,616)						(6,608)
Warranty liability, end of period			$	4,856					$	3,744

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

+ Details

Name:	us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of other current liabilities.

+ References

No definition available.

+ Details

Name:	us-gaap_OtherCurrentLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of expected timing for satisfying remaining performance obligation.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(1)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045

+ Details

Name:	us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3,4)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

+ Details

Name:	us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of accrued liabilities.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfAccruedLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(6)(c))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(6)(b))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(6)(a))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766

+ Details

Name:	us-gaap_ScheduleOfInventoryCurrentTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfProductWarrantyLiabilityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

+ Details

Name:	us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration