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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Oct. 01, 2022
Accounting Policies [Abstract]  
Schedules of Concentration of Credit Risk

As of October 1, 2022, and October 2, 2021, the Company’s customers that accounted for 10% or more of total accounts receivable, net, were as follows:

 

 

 

Accounts Receivable, net

 

 

 

October 1,
2022

 

 

October 2,
2021

 

Customer A

 

 

34

%

 

 

19

%

Customer B

 

*

 

 

 

10

%

* Accounts receivable was less than 10%.

 

 

 

 

 

 

The Company’s customers that accounted for 10% or more of total revenue were as follows:

 

 

 

Revenue

 

 

 

Year Ended

 

 

 

October 1,
2022

 

 

October 2,
2021

 

 

October 3,
2020

 

Customer A

 

 

15

%

 

 

14

%

 

 

12

%

Schedule of Property and Equipment

Property and equipment are stated at historical cost less accumulated depreciation. Depreciation is calculated using the straight-line method over the estimated useful lives of the related assets as follows:

 

Computer hardware and software

 

1-5 years

Furniture and fixtures

 

2-5 years

Tooling and production line test equipment

 

2-4 years

Leasehold improvements

 

1-15 years

Product displays

 

1-3 years

Property and equipment, net by country as of October 1, 2022, and October 2, 2021 were as follows:

 

 

 

October 1,
2022

 

 

October 2,
2021

 

(In thousands)

 

 

 

 

 

 

China

 

$

40,609

 

 

$

23,460

 

United States

 

 

30,870

 

 

 

40,669

 

Other countries

 

 

14,689

 

 

 

7,212

 

Property and equipment, net

 

$

86,168

 

 

$

71,341

 

Property and equipment, net consist of the following:

 

 

 

October 1,
2022

 

 

October 2,
2021

 

(In thousands)

 

 

 

 

 

 

Computer hardware and software

 

$

42,000

 

 

$

40,098

 

Furniture and fixtures

 

 

7,511

 

 

 

7,483

 

Tooling and production line test equipment

 

 

100,337

 

 

 

76,210

 

Leasehold improvements

 

 

49,656

 

 

 

49,846

 

Product displays

 

 

56,885

 

 

 

57,863

 

Total property and equipment

 

 

256,389

 

 

 

231,500

 

Accumulated depreciation and amortization

 

 

(170,221

)

 

 

(160,159

)

Property and equipment, net

 

$

86,168

 

 

$

71,341

 

 

 

Schedule of Intercompany Foreign Currency Balances

Foreign currency remeasurement and transaction gains (losses) are recorded in other income (expense), net as follows:

 

 

 

October 1,
2022

 

 

October 2,
2021

 

 

October 3,
2020

 

(In thousands)

 

 

 

 

 

 

 

 

 

Foreign currency remeasurement and transaction gains (losses)

 

$

(21,877

)

 

$

2,353

 

 

$

6,594