XML 38 R25.htm IDEA: XBRL DOCUMENT v3.25.1
Balance Sheet Components (Tables)
 6 Months Ended
Mar. 29, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Accounts Receivable, Net
Accounts receivable, net
Accounts receivable, net consist of the following:
March 29,
2025		September 28,
2024
(In thousands)
Accounts receivable$96,337 $96,254 
Allowance for credit losses(2,785)(2,619)
Allowance for sales incentives(53,122)(49,122)
Accounts receivable, net of allowances$40,430 $44,513 
Schedule of Inventories
Inventories consist of the following:
March 29,
2025		September 28,
2024
(In thousands)  
Finished goods$112,910 $199,825 
Component parts25,511 31,680 
Inventories$138,421 $231,505 
Schedule of Property, and Equipment
Property and equipment net of accumulated depreciation were as follows:
March 29,
2025		September 28,
2024
(In thousands)
Property and equipment
$287,670 $280,247 
Less: accumulated depreciation
(201,635)(178,099)
Property and equipment, net$86,035 $102,148 
Schedule of Indefinite-Lived 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:
March 29, 2025
Gross Carrying AmountAccumulated Amortization Foreign Currency TranslationNet Carrying Value
Weighted-Average Remaining Life
(In years)
(In thousands, except weighted-average remaining life)
Trade name$451 $(224)$(2)$225 3.00
Technology-based94,419 (13,333)- 81,086 6.22
Total intangible assets$94,870 $(13,557)$(2)$81,311 6.21
September 28, 2024
Gross Carrying AmountAccumulated Amortization Foreign Currency Translation Net Carrying Value
Weighted-Average Remaining Life
(In years)
(In thousands, except weighted-average remaining life)
Trade name
$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 not subject to amortization
73,770 - - 73,770 
Total intangible assets$105,701 $(17,672)$7 $88,036 
Schedule of Finite-Lived 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:
March 29, 2025
Gross Carrying AmountAccumulated Amortization Foreign Currency TranslationNet Carrying Value
Weighted-Average Remaining Life
(In years)
(In thousands, except weighted-average remaining life)
Trade name$451 $(224)$(2)$225 3.00
Technology-based94,419 (13,333)- 81,086 6.22
Total intangible assets$94,870 $(13,557)$(2)$81,311 6.21
September 28, 2024
Gross Carrying AmountAccumulated Amortization Foreign Currency Translation Net Carrying Value
Weighted-Average Remaining Life
(In years)
(In thousands, except weighted-average remaining life)
Trade name
$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 not subject to amortization
73,770 - - 73,770 
Total intangible assets$105,701 $(17,672)$7 $88,036 
Schedule of Estimated Future Amortization Expense
The following table summarizes the estimated future amortization expense of the Company's intangible assets as of March 29, 2025:
Fiscal years endingFuture Amortization Expense
(In thousands)
Remainder of fiscal 2025$5,971 
202613,579 
202713,563 
202813,447 
202912,453 
2030 and thereafter22,298 
Total future amortization expense$81,311 
Schedule 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:
March 29,
2025		September 28,
2024
(In thousands)
Cloud computing implementation costs$26,288 $25,038 
Less: accumulated amortization(11,411)(9,697)
Cloud computing implementation costs, net$14,877 $15,341 
Schedule of Accrued Expenses
Accrued expenses included the following:
March 29,
2025		September 28,
2024
(In thousands)
Accrued inventory and supply chain costs$39,027 $34,204 
Accrued advertising and marketing11,854 12,893 
Accrued general and administrative expenses7,974 10,870 
Accrued taxes6,843 19,084 
Accrued product development2,565 4,338 
Other accrued payables5,268 6,394 
Total accrued expenses$73,531 $87,783 
Schedule of Changes in Deferred Balances and Expected Revenue Recognition
The following table presents the changes in the Company’s deferred revenue:
Six Months Ended
March 29,
2025		March 30,
2024
(In thousands)
Deferred revenue, beginning of period$82,877 $80,838 
Recognition of revenue included in beginning of period deferred revenue(12,229)(12,775)
Revenue deferred, net of revenue recognized on contracts in the respective period10,842 15,245 
Deferred revenue, end of period$81,490 $83,308 
Schedule of Remaining Performance Obligation
The Company expects the following recognition of deferred revenue as of March 29, 2025:
 For the fiscal years ending
 Remainder of 20252026202720282029 and
Beyond		Total
(In thousands)
Deferred revenue expected to be recognized$11,230 $19,329 $16,678 $13,644 $20,609 $81,490 
Schedule of Other Current Liabilities
Other current liabilities consist of the following:
March 29,
2025		September 28,
2024
(In thousands)
Reserve for returns$24,870 $20,304 
Warranty liability9,974 10,565 
Short-term operating lease liabilities6,584 7,551 
Other 9,358 7,857 
Total other current liabilities$50,786 $46,277 
Schedule of Product Warranty Liability
The following table presents the changes in the Company’s warranty liability:
March 29,
2025		March 30,
2024
(In thousands)
Warranty liability, beginning of period$10,565 $7,466 
Provision for warranties issued during the period7,428 8,126 
Settlements of warranty claims during the period(8,019)(8,692)
Warranty liability, end of period$9,974 $6,900