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Balance Sheet Components (Tables)
 12 Months Ended
Sep. 28, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Accounts Receivable, Allowance for Credit Loss
The following table summarizes changes in the allowance for credit losses for fiscal 2024, 2023 and 2022:
September 28,
2024		September 30,
2023		October 1,
2022
(In thousands)
Beginning balance$2,711 $2,744 $1,547 
Increases1,188 1,561 2,098 
Write-offs(1,280)(1,594)(901)
Ending balance$2,619 $2,711 $2,744 
Summary of Changes In Allowance for Sales Incentives
The following table summarizes the changes in the allowance for sales incentives for fiscal 2024, 2023 and 2022:
September 28,
2024		September 30,
2023		October 1,
2022
(In thousands)
Beginning balance$29,075 $23,573 $19,160 
Charged to revenue183,144 139,657 51,225 
Utilization of sales incentive allowance(163,097)(134,155)(46,812)
Ending balance$49,122 $29,075 $23,573 
Schedule of Inventories, Net
Inventories consist of the following:
September 28,
2024		September 30,
2023
(In thousands)
Finished goods$199,825 $281,571 
Components31,680 64,950 
Inventories$231,505 $346,521 
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 Goodwill
The following table presents the changes in carrying amount of goodwill for the fiscal year ended September 28, 2024:
(In thousands)
Balance as of September 30, 2023$80,420 
Effect of exchange rate changes on goodwill2,434 
Balance as of September 28, 2024$82,854 
Schedule of Intangible Assets The following table reflects the changes in the net carrying amount of the components of intangible assets associated with the Company's acquisition activity:
September 28, 2024
Gross Carrying Amount
Accumulated Amortization
Foreign Currency Translation
Net Carrying ValueWeighted-Average Remaining Life
(In thousands, except weighted-average remaining life)
Tradename$451 $(188)$7 $270 3.50
Technology-based31,480 (17,484)- 13,996 4.52
Total finite-lived intangible assets31,931 (17,672)7 14,266 4.51
In-process research and development and other intangible assets not subject to amortization73,770 - - 73,770 
Total intangible assets$105,701 $(17,672)$7 $88,036 
Schedule of Intangible Assets The following table reflects the changes in the net carrying amount of the components of intangible assets associated with the Company's acquisition activity:
September 28, 2024
Gross Carrying Amount
Accumulated Amortization
Foreign Currency Translation
Net Carrying ValueWeighted-Average Remaining Life
(In thousands, except weighted-average remaining life)
Tradename$451 $(188)$7 $270 3.50
Technology-based31,480 (17,484)- 13,996 4.52
Total finite-lived intangible assets31,931 (17,672)7 14,266 4.51
In-process research and development and other intangible assets not subject to amortization73,770 - - 73,770 
Total intangible assets$105,701 $(17,672)$7 $88,036 
Summary of Estimated Future Amortization Expense
The following table summarizes the estimated future amortization expense of the Company's intangible assets as September 28, 2024:
Fiscal years endingFuture Amortization Expense
(In thousands)
2025$3,372 
20263,043 
20273,027 
20282,910 
2029 and thereafter1,914 
Total future amortization expense$14,266 
Summary of Cloud Computing Arrangements
Cloud Computing Arrangements
Capitalized costs to implement cloud computing arrangements net of accumulated amortization are reported as a component of other noncurrent assets on the Company's consolidated balance sheets and were as follows:
September 28,
2024		September 30,
2023
(In thousands)
Cloud computing implementation costs$25,038 $24,177 
Less: accumulated amortization9,697 6,207 
Cloud computing implementation costs, net$15,341 $17,970 
Schedule of Accrued Expenses
Accrued expenses consisted of the following:
September 28,
2024		September 30,
2023
(In thousands)
Accrued inventory and supply chain costs$34,204 $48,384 
Accrued taxes19,084 11,410 
Accrued advertising and marketing12,893 13,029 
Accrued general and administrative expenses10,870 9,924 
Accrued product development4,338 4,298 
Other accrued payables6,394 2,672 
Total accrued expenses$87,783 $89,717 
Changes in Deferred Balances and Expected Revenue Recognition
The following table presents the changes in the Company's deferred revenue balances for the fiscal years ended September 28, 2024, September 30, 2023, and October 1, 2022:
September 28,
2024		September 30,
2023		October 1,
2022
(In thousands)
Deferred revenue, beginning of period$80,838 $83,470 $89,498 
Recognition of revenue included in beginning of period deferred revenue(19,111)(27,057)(41,438)
Revenue deferred, net of revenue recognized on contracts in the respective period21,150 24,425 35,410 
Deferred revenue, end of period$82,877 $80,838 $83,470 
Remaining Performance Obligation
The Company expects the following recognition of deferred revenue as of September 28, 2024:
For the fiscal years ending
20252026202720282029 and BeyondTotal
(In thousands)
Revenue expected to be recognized$21,802 $18,007 $15,318 $12,241 $15,509 $82,877 
Schedule of Other Current Liabilities
Other current liabilities consist of the following:
September 28,
2024		September 30,
2023
(In thousands)
Reserve for returns$20,304 $21,462 
Warranty liability10,565 7,466 
Short-term operating lease liabilities7,551 1,153 
Other7,857 4,172 
Total other current liabilities$46,277 $34,253 
Schedule of Product Warranty Liability
The following table presents the changes in the Company’s warranty liability for the fiscal years ended September 28, 2024, and September 30, 2023:
September 28,
2024		September 30,
2023
(In thousands)
Warranty liability, beginning of period$7,466 $5,771 
Provision for warranties issued during the period17,689 12,517 
Settlements of warranty claims during the period(14,590)(10,822)
Warranty liability, end of period$10,565 $7,466