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Subsequent Event
6 Months Ended
Apr. 02, 2022
Subsequent Events [Abstract]  
Subsequent Event

14. Subsequent Event

 

On April 8, 2022, the Company completed the acquisition of Mayht Holding BV (“Mayht”), a Netherlands-based company that has invented a new approach to audio transducers. The acquisition will be accounted for as a business combination, and the Company will begin consolidating Mayht’s financial results in its condensed consolidated financial statements in the third quarter of fiscal 2022. The Company acquired 100% of the equity interests of Mayht for approximately $100.0 million in cash. Given the recent date of the acquisition, the Company has not finalized its determination of the fair value of the assets acquired and liabilities assumed.