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Balance Sheet Components (Tables)
3 Months Ended
Dec. 28, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of Accounts Receivable
Accounts receivable, net
Accounts receivable, net consist of the following:
December 28,
2024
September 28,
2024
(In thousands)
Accounts receivable$180,272 $96,254 
Allowance for credit losses(2,790)(2,619)
Allowance for sales incentives(92,696)(49,122)
Accounts receivable, net of allowances$84,786 $44,513 
Schedule of Inventories
Inventories consist of the following:
December 28,
2024
September 28,
2024
(In thousands)  
Finished goods$117,040 $199,825 
Component parts23,852 31,680 
Inventories$140,892 $231,505 
Property, plant and equipment
Property and equipment net of accumulated depreciation were as follows:
December 28,
2024
September 28,
2024
(In thousands)
Property and equipment
$284,166 $280,247 
Less: accumulated depreciation
(189,138)(178,099)
Property and equipment, net$95,028 $102,148 
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:
December 28, 2024
Gross Carrying Amount
Accumulated Amortization
Foreign Currency TranslationNet Carrying ValueWeighted-Average Remaining
Life
(In years)
(In thousands, except weighted-average remaining life)
Trade name$451 $(206)$(10)$235 3.25
Technology-based94,419 (10,166)— 84,253 6.46
Total intangible assets$94,870 $(10,372)$(10)$84,488 6.45
September 28, 2024
Gross Carrying AmountAccumulated Amortization Foreign Currency Translation Net Carrying ValueWeighted-Average Remaining Life
(In thousands, except weighted-average remaining life)
Trade name
$451 $(188)$$270 3.50
Technology-based31,480 (17,484)13,996 4.52
Total finite-lived intangible assets31,931 (17,672)14,266 4.51
In-process research and development not subject to amortization
73,770 — 73,770 
Total intangible assets$105,701 $(17,672)$$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:
December 28, 2024
Gross Carrying Amount
Accumulated Amortization
Foreign Currency TranslationNet Carrying ValueWeighted-Average Remaining
Life
(In years)
(In thousands, except weighted-average remaining life)
Trade name$451 $(206)$(10)$235 3.25
Technology-based94,419 (10,166)— 84,253 6.46
Total intangible assets$94,870 $(10,372)$(10)$84,488 6.45
September 28, 2024
Gross Carrying AmountAccumulated Amortization Foreign Currency Translation Net Carrying ValueWeighted-Average Remaining Life
(In thousands, except weighted-average remaining life)
Trade name
$451 $(188)$$270 3.50
Technology-based31,480 (17,484)13,996 4.52
Total finite-lived intangible assets31,931 (17,672)14,266 4.51
In-process research and development not subject to amortization
73,770 — 73,770 
Total intangible assets$105,701 $(17,672)$$88,036 
Summary of Estimated Future Amortization Expense
The following table summarizes the estimated future amortization expense of the Company's intangible assets as of December 28, 2024:
Fiscal years endingFuture Amortization Expense
(In thousands)
Remainder of fiscal 2025$9,154 
202613,576 
202713,561 
202813,446 
202912,453 
2030 and thereafter22,298 
Total future amortization expense$84,488 
Summary of 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 condensed consolidated balance sheets and were as follows:
December 28,
2024
September 28,
2024
(In thousands)
Cloud computing implementation costs$26,087 $25,038 
Less: accumulated amortization(10,569)(9,697)
Cloud computing implementation costs, net$15,518 $15,341 
Schedule of Accrued Expenses
Accrued expenses consisted of the following:
December 28,
2024
September 28,
2024
(In thousands)
Accrued inventory and supply chain costs$48,025 $34,204 
Accrued taxes28,048 19,084 
Accrued advertising and marketing18,905 12,893 
Accrued general and administrative expenses7,911 10,870 
Accrued product development3,045 4,338 
Other accrued payables2,937 6,394 
Total accrued expenses$108,871 $87,783 
Changes in Deferred Balances and Expected Revenue Recognition
The following table presents the changes in the Company’s deferred revenue:
Three Months Ended
December 28,
2024
December 30,
2023
(In thousands)
Deferred revenue, beginning of period$82,877 $80,838 
Recognition of revenue included in beginning of period deferred revenue(8,221)(4,023)
Revenue deferred, net of revenue recognized on contracts in the respective period7,562 9,090 
Deferred revenue, end of period$82,218 $85,905 
Remaining Performance Obligation
The Company expects the following recognition of deferred revenue as of December 28, 2024:
 For the fiscal years ending
 Remainder of 20252026202720282029 and
Beyond
Total
(In thousands)
Deferred revenue expected to be recognized$16,060 $18,589 $15,974 $12,981 $18,614 $82,218 
Schedule of Other Current Liabilities
Other current liabilities consist of the following:
December 28,
2024
September 28,
2024
(In thousands)
Reserve for returns$27,393 $20,304 
Warranty liability10,921 10,565 
Short-term operating lease liabilities7,369 7,551 
Other 6,398 7,857 
Total other current liabilities$52,081 $46,277 
Schedule of Product Warranty Liability
The following table presents the changes in the Company’s warranty liability:
December 28,
2024
December 30,
2023
(In thousands)
Warranty liability, beginning of period$10,565 $7,466 
Provision for warranties issued during the period5,475 5,582 
Settlements of warranty claims during the period(5,119)(4,276)
Warranty liability, end of period$10,921 $8,772