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Restructuring and Other Charges (Tables) | 6 Months Ended
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Mar. 29, 2025
Restructuring and Related Activities [Abstract] |
Schedule of Restructuring and Related Costs | The following table summarizes the components of restructuring and other charges:
| Three Months Ended |  | Six Months Ended
(in thousands) | March 29, 2025 |  | March 30, 2024 |  | March 29, 2025 |  | March 30, 2024
Cash restructuring charges: |  |  |  |  |  |  |
Employee-related costs | $ | 15,353 |  |  | $ | — |  |  | $ | 15,353 |  |  | $ | — |
Other restructuring costs (1) | 3,458 |  |  | — |  |  | 3,398 |  |  | 308 |
Total cash charges | $ | 18,811 |  |  | $ | — |  |  | $ | 18,751 |  |  | $ | 308 |
Non-cash charges: |  |  |  |  |  |  |
Stock-based awards (2) | $ | 3,143 |  |  | $ | — |  |  | $ | 3,143 |  |  | $ | — |
Asset write-offs | 1,746 |  |  | 6 |  |  | 1,746 |  |  | 266 |
Total non-cash charges | $ | 4,889 |  |  | $ | 6 |  |  | $ | 4,889 |  |  | $ | 266 |
Total restructuring and other charges | $ | 23,700 |  |  | $ | 6 |  |  | $ | 23,640 |  |  | $ | 574 |
(1)Other restructuring charges include costs primarily related to rationalization of the Company's product roadmap. (2)Non-cash charges for stock-based awards were related to modifications for equity awards primarily in connection with the CEO transition. These modifications included accelerated vesting of certain RSUs and an extension of the post-termination exercise period for certain stock options. The following table summarizes the Company's restructuring and other charges 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 September 28, 2024(1) | $ | 2,152 |  |  | $ | 1,037 |  |  | $ | 3,189 |
Restructuring charges | 15,353 |  |  | 3,398 |  |  | 18,751 |
Cash paid | (12,984) |  |  | (900) |  |  | (13,884) |
Balance as of March 29, 2025 | $ | 4,521 |  |  | $ | 3,535 |  |  | $ | 8,056 |
(1)Balance as of September 28, 2024, relates to activities under the 2024 restructuring plan.
Schedule of Restructuring Reserve by Type of Cost | The following table summarizes restructuring and other charges recorded in the Company's condensed consolidated statements of operations and comprehensive income (loss):
| Three Months Ended |  | Six Months Ended
(in thousands) | March 29, 2025 |  | March 30, 2024 |  | March 29, 2025 |  | March 30, 2024
Cost of revenue | $ | 3,935 |  |  | $ | — |  |  | $ | 3,935 |  |  | $ | — |
Research and development | 12,766 |  |  | — |  |  | 12,706 |  |  | 323 |
Sales and marketing | 2,792 |  |  | — |  |  | 2,792 |  |  | 113 |
General and administrative | 4,207 |  |  | 6 |  |  | 4,207 |  |  | 138 |
Total restructuring and other charges | $ | 23,700 |  |  | $ | 6 |  |  | $ | 23,640 |  |  | $ | 574 |

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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 5.P.3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.b.2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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