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Restructuring and Other Charges (Tables)

6 Months Ended

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

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-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 5.P.3)
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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)
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-Name Accounting Standards Codification
-Topic 420
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-Section 50
-Paragraph 1
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