Balance Sheet Components (Tables)

9 Months Ended

Jul. 02, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Summary of accounts receivable

Accounts receivable, net of allowances

Accounts receivable, net of allowances, consist of the following:

	July 2, 2022			October 2, 2021
(In thousands)
Accounts receivable	$	148,112		$	121,486
Allowance for credit losses		(2,357	)		(1,547	)
Allowance for sales incentives		(20,871	)		(19,160	)
Accounts receivable, net of allowances	$	124,884		$	100,779

Schedule of inventories

Inventories, net, consist of the following:

	July 2, 2022		October 2, 2021
(In thousands)
Finished goods	$	258,994	$	154,608
Component parts		76,736		30,522
Inventories	$	335,730	$	185,130

Schedule of goodwill

The following table presents the changes in carrying amount of goodwill during the nine months ended July 2, 2022:

(In thousands)
Balance as of October 2, 2021	$	15,545
Goodwill acquired		66,078
Effect of exchange rate changes on goodwill		(1,799	)
Balance as of July 2, 2022	$	79,824

Schedule of finite-lived intangible assets, future amortization expense

The following table reflects the changes in the net carrying amount of the components of intangible assets associated with the Company's acquisition activity:

	July 2, 2022
	Gross Carrying Amount		Accumulated Amortization			Impact of FX			Net Carrying Value		Weighted-Average Remaining Life
(In thousands, except weighted-average remaining life)
Tradename	$	451	$	(19	)	$	—		$	432		5.75
Technology-based		34,563		(6,876	)		—			27,687		5.65
Total finite-lived intangible assets		35,014		(6,895	)		—			28,119		5.65
In-process research and development not subject to amortization		71,759		—			(2,942	)		68,817
Total intangible assets	$	106,773	$	(6,895	)	$	(2,942	)	$	96,936

The following table summarizes the estimated future amortization expense of the Company's intangible assets as of July 2, 2022:

Fiscal years ending	Future Amortization Expense
(In thousands)
Remainder of fiscal 2022	$	1,758
2023		6,180
2024		5,968
2025		3,367
2026		3,038
2027 and there after		7,808
Total future amortization expense	$	28,119

Changes in deferred balances and expected revenue recognition

The following table presents the changes in the Company’s deferred revenue for the nine months ended July 2, 2022, and July 3, 2021:

	July 2, 2022			July 3, 2021
(In thousands)
Deferred revenue, beginning of period	$	89,498		$	62,388
Recognition of revenue included in beginning of period deferred revenue		(35,226	)		(13,381	)
Revenue deferred, net of revenue recognized on contracts in the respective period		21,549			21,379
Deferred revenue, end of period	$	75,821		$	70,386

Remaining performance obligation

The Company expects the following recognition of deferred revenue as of July 2, 2022:

	For the fiscal years ending
	2022		2023		2024		2025		2026 and Beyond		Total
(In thousands)
Deferred revenue expected to be recognized	$	5,184	$	17,302	$	15,251	$	12,968	$	25,116	$	75,821

Schedule of product warranty liability

The following table presents the changes in the Company’s warranty liability for the nine months ended July 2, 2022, and July 3, 2021:

	July 2, 2022			July 3, 2021
(In thousands)
Warranty liability, beginning of period	$	5,604		$	3,628
Provision for warranties issued during the period		9,191			12,218
Settlements of warranty claims during the period		(7,367	)		(10,613	)
Warranty liability, end of period	$	7,428		$	5,233