XML 20 R9.htm IDEA: XBRL DOCUMENT v3.24.0.1
REVENUE RECOGNITION
3 Months Ended
Dec. 29, 2023
Revenue from Contract with Customer [Abstract]  
REVENUE RECOGNITION REVENUE RECOGNITION
Disaggregation of Revenue
    Revenue is disaggregated from contracts by geographic region and by reportable operating segment, which the Company believes best depicts how the nature, amount, timing, and uncertainty of revenues and cash flows are affected by economic factors.
    The following table disaggregates the Company’s revenue by geographic region:
Three Months Ended
(In millions)December 29, 2023December 30, 2022
Americas$62.4 $66.6 
EMEA66.0 65.3 
APAC61.6 73.7 
$190.0 $205.6 
    Revenue in the United States was $60.6 million and $65.4 million for the three months ended December 29, 2023 and December 30, 2022, respectively.
    Our products are sold in three geographic regions: the Americas, EMEA, and APAC. The Americas includes North America (primarily the United States) and Latin America. EMEA includes Europe, the Middle East, India, and Africa. APAC includes Asia (other than India) and Australia. Revenues by region are based on the known final destination of products sold.
    Refer to Note 15, Segment Information, for the disaggregation of the Company’s revenue based on reportable operating segments.
Right of Return Assets and Refund Liabilities
    Right of return assets are included within the prepaid expenses and other current assets, and other assets balances in the Condensed Consolidated Balance Sheets. Refund liabilities are included within the accrued liabilities and other current liabilities and other long-term liabilities balances in the Condensed Consolidated Balance Sheets. The following table summarizes the changes in the right of return assets and refund liabilities for the three months ended December 29, 2023 and December 30, 2022:
Right of Return Assets
Three Months Ended
(In millions)December 29, 2023December 30, 2022
Balance at beginning of period$26.0 $25.4 
Costs recovered from product returns during the period(1.9)(1.5)
Right of return assets from shipments of products subject to return during the period1.4 1.5 
Balance at end of period$25.5 $25.4 
Refund Liabilities
Three Months Ended
(In millions)December 29, 2023December 30, 2022
Balance at beginning of period$28.9 $28.2 
Release of refund liability included in beginning of year refund liability(2.1)(1.6)
Additions to refund liabilities1.5 1.7 
Balance at end of period$28.3 $28.3 
Contract Balances
    During the three months ended December 29, 2023, the Company recognized revenue of $6.8 million related to deferred revenues which existed at September 29, 2023. During the three months ended December 30, 2022, the Company recognized revenue of $4.2 million related to deferred revenues that existed at September 30, 2022.