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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Sep. 27, 2024
Accounting Policies [Abstract] |
Schedule of Restrictions on Cash and Cash Equivalents | Cash and cash equivalents and restricted cash as reported within the Consolidated Statements of Cash Flows consisted of the following:
| Twelve Months Ended September 27, 2024 |  | Twelve Months Ended September 29, 2023
(In millions) | Beginning of Period |  | End of Period |  | Beginning of Period |  | End of Period
Cash and cash equivalents | $ | 152.6 |  |  | $ | 168.7 |  |  | $ | 89.4 |  |  | $ | 152.6 |
Restricted cash | 1.4 |  |  | 1.7 |  |  | 1.2 |  |  | 1.4 |
Total as presented in the Consolidated Statements of Cash Flows | $ | 154.0 |  |  | $ | 170.4 |  |  | $ | 90.6 |  |  | $ | 154.0 |
Schedule of Concentration of Risk, by Risk Factor | During the periods presented, one of the Company's customers accounted for a significant portion of revenues, as set forth below:
| Fiscal Years
| 2024 |  | 2023 |  | 2022
Canon Medical Systems Corporation | 17.6 | % |  | 16.5 | % |  | 17.2 | %
Schedule of Inventory, Net | The following table summarizes the Company’s inventories, net:
(In millions) | September 27, 2024 |  | September 29, 2023
Raw materials and parts | $ | 214.5 |  |  | $ | 217.5 |
Work-in-process | 16.2 |  |  | 20.0 |
Finished goods | 34.1 |  |  | 40.0 |
Total inventories | $ | 264.8 |  |  | $ | 277.5 |
Schedule of Property, Plant and Equipment, Net | The following table summarizes the Company’s property, plant and equipment, net:
(In millions) | September 27, 2024 |  | September 29, 2023
Land | $ | 8.6 |  |  | $ | 8.3 |
Buildings and leasehold improvements | 165.5 |  |  | 159.1 |
Machinery and equipment | 206.5 |  |  | 194.9 |
Construction in progress | 25.0 |  |  | 20.8 |
Gross property, plant and equipment | 405.6 |  |  | 383.1 |
Accumulated depreciation and amortization | (252.2) |  |  | (239.5) |
Total property, plant and equipment, net | $ | 153.4 |  |  | $ | 143.6 |
Schedule of Supplier Finance Program | The following table presents the change in the direct supplier financing obligation:
| Fiscal Years Ended
(In millions) | September 27, 2024 |  | September 29, 2023
Confirmed obligations outstanding at the beginning of the period | $ | 4.2 |  |  | $ | 5.1 |
Invoices confirmed during the period | 31.3 |  |  | 42.9 |
Confirmed invoices paid during the period | (32.9) |  |  | (43.8) |
Confirmed obligations outstanding at the end of the period | $ | 2.6 |  |  | $ | 4.2 |
Schedule of Product Warranty Liability | The following table reflects the changes in the Company’s accrued product warranty:
| Fiscal Years Ended
(In millions) | September 27, 2024 |  | September 29, 2023
Accrued product warranty, at beginning of period | $ | 7.7 |  |  | $ | 7.9 |
New accruals charged to cost of revenues | 21.0 |  |  | 12.7 |
Product warranty expenditures | (17.9) |  |  | (12.9) |
Accrued product warranty, at end of period | $ | 10.8 |  |  | $ | 7.7 |

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