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Restructuring Plan (Tables)
9 Months Ended
Jul. 01, 2023
Restructuring Cost and Reserve [Line Items]  
Summary Of Restructuring and abandonment costs by major cost-type incurred

Restructuring and abandonment costs by major cost-type incurred were as follows:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

(in thousands)

 

July 1, 2023

 

 

July 1, 2023

 

Employee-related costs

 

$

9,083

 

 

$

9,083

 

Lease abandonment charges1

 

 

279

 

 

 

5,126

 

Other restructuring costs

 

 

966

 

 

 

966

 

Total restructuring and abandonment costs

 

$

10,328

 

 

$

15,175

 

1 Lease abandonment charges for the nine months ended July 1, 2023, include $4.8 million of accelerated depreciation for leasehold improvements and non-recurring write-offs for operating lease right-of-use assets that were incurred in March 2023, when the Company abandoned portions of its office spaces for the remainders of their respective lease terms in support of operational efficiencies.

 

Summary of restructuring activities recorded in accrued expenses and accrued compensation

The following table summarizes the Company's restructuring activities recorded in accrued expenses and accrued compensation within the condensed consolidated balance sheets:

 

(in thousands)

 

Employee Related Costs

 

 

Other Restructuring Costs

 

 

Total

 

Balance as of April 1, 2023

 

$

-

 

 

$

-

 

 

$

-

 

Restructuring charges

 

 

9,083

 

 

 

966

 

 

 

10,049

 

Cash paid

 

 

(768

)

 

 

 

 

 

(768

)

Balance as of July 1, 2023

 

$

8,315

 

 

$

966

 

 

$

9,281

 

Restructuring Charges  
Restructuring Cost and Reserve [Line Items]  
Summary Of Restructuring and abandonment costs by major cost-type incurred

Restructuring costs are recorded in the Company's condensed consolidated statements of operations and comprehensive income (loss) as follows:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

(in thousands)

 

July 1, 2023

 

 

July 1, 2023

 

Research and development1

 

$

3,686

 

 

$

6,368

 

Sales and marketing1

 

 

4,422

 

 

 

5,455

 

General and administrative1

 

 

2,220

 

 

 

3,352

 

Total restructuring and abandonment costs

 

$

10,328

 

 

$

15,175

 

1 Restructuring and abandonment costs for the nine months ended July 1, 2023, include accelerated depreciation for leasehold improvements and non-recurring write-offs for operating lease right-of-use assets that were incurred in March 2023, when the Company abandoned portions of its office spaces for the remainders of their respective lease terms in support of operational efficiencies.