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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Sep. 28, 2024
Accounting Policies [Abstract]  
Schedules of Concentration of Credit Risk
As of September 28, 2024, and September 30, 2023, the Company’s customers that accounted for 10% or more of total accounts receivable, net, were as follows:
September 28,
2024
September 30,
2023
Customer A31 %32 %
Customer B20 %*
*Accounts receivable was less than 10%
The Company’s customer that accounted for 10% or more of total revenue were as follows:
Year Ended
September 28,
2024
September 30,
2023
October 1,
2022
Customer A16 %17 %15 %
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, equipment, and software
3 years
Furniture and fixtures
5 years
Tooling and production line test equipment
2-4 years
Leasehold improvements
2-15 years
Product displays
1-4 years
Property and equipment, net consist of the following:
September 28,
2024
September 30,
2023
(In thousands)
Tooling and production line test equipment$106,174 $108,693 
Product displays77,074 68,771 
Leasehold improvements52,112 53,648 
Computer hardware, equipment, and software
39,163 41,679 
Furniture and fixtures5,724 6,971 
Total property and equipment280,247 279,762 
Accumulated depreciation and amortization(178,099)(192,687)
Property and equipment, net$102,148 $87,075 
Property and equipment, net by country as of September 28, 2024, and September 30, 2023 were as follows:
September 28,
2024
September 30,
2023
(In thousands)
China$31,653 $32,045 
United States32,647 30,430 
Other countries37,848 24,600 
Property and equipment, net$102,148 $87,075 
Schedule Of Fair Value Input Definition
Fair value is estimated by applying the following hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement:
Level InputInput Definition
Level 1Quoted prices for identical assets or liabilities in active markets at the measurement date.
Level 2Inputs, other than quoted prices included in Level 1, such as quoted prices for similar assets or liabilities, in active markets or other inputs that are observable or can be corroborated with market data at the measurement date.
Level 3Unobservable inputs that reflect management's best estimate of what market participants would use in pricing the asset or liability at the measurement date.
Intra-Entity Foreign Currency Balance
Foreign currency remeasurement and transaction gains (losses) are recorded in other income (expense), net as follows:
September 28,
2024
September 30,
2023
October 1,
2022
(In thousands)
Foreign currency remeasurement and transaction gains (losses)$9,062 $13,674 $(21,877)