Balance Sheet Components (Tables)

3 Months Ended

Dec. 31, 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:

	December 31, 2022			October 1, 2022
(In thousands)
Accounts receivable	$	141,587		$	127,523
Allowance for credit losses		(3,129	)		(2,744	)
Allowance for sales incentives		(28,755	)		(23,573	)
Accounts receivable, net of allowances	$	109,703		$	101,206

Schedule of inventories

Inventories, net, consist of the following:

	December 31, 2022		October 1, 2022
(In thousands)
Finished goods	$	260,734	$	406,657
Component parts		45,322		47,631
Inventories	$	306,056	$	454,288

Schedule of goodwill

The following table presents the changes in carrying amount of goodwill during the three months ended December 31, 2022:

(In thousands)
Balance as of October 1, 2022	$	77,300
Effect of exchange rate changes on goodwill		3,641
Balance as of December 31, 2022	$	80,941

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:

	December 31, 2022
	Gross Carrying Amount		Accumulated Amortization			Impact of FX			Net Carrying Value		Weighted-Average Remaining Life
(In thousands, except weighted-average remaining life)
Trade name	$	451	$	(52	)	$	(7	)	$	392		5.25
Technology-based		31,480		(7,167	)		—			24,313		5.36
Total finite-lived intangible assets		31,931		(7,219	)		(7	)		24,705		5.36
In-process research and development not subject to amortization		71,759		—			(1,119	)		70,640
Total intangible assets	$	103,690	$	(7,219	)	$	(1,126	)	$	95,345

The following table summarizes the estimated future amortization expense of the Company's intangible assets as of December 31, 2022:

Fiscal years ending	Future Amortization Expense
(In thousands)
Remainder of fiscal 2023	$	4,478
2024		5,970
2025		3,369
2026		3,040
2027		3,025
2028 and there after		4,823
Total future amortization expense	$	24,705

Schedule of accrued expenses

Accrued expenses consisted of the following:

	December 31, 2022		October 1, 2022
(In thousands)
Accrued taxes	$	52,729	$	7,081
Accrued inventory and supply chain costs		44,895		51,011
Accrued general and administrative expenses		21,124		21,634
Accrued advertising and marketing		12,893		21,292
Accrued product development		6,392		8,168
Other accrued payables		311		104
Total accrued expenses	$	138,344	$	109,290

Changes in deferred balances and expected revenue recognition

The following table presents the changes in the Company’s deferred revenue for the three months ended December 31, 2022, and January 1, 2022:

	December 31, 2022			January 1, 2022
(In thousands)
Deferred revenue, beginning of period	$	83,470		$	89,498
Recognition of revenue included in beginning of period deferred revenue		(11,520	)		(23,721	)
Revenue deferred, net of revenue recognized on contracts in the respective period		10,031			9,801
Deferred revenue, end of period	$	81,981		$	75,578

Remaining performance obligation

The Company expects the following recognition of deferred revenue as of December 31, 2022:

	For the fiscal years ending
	2023		2024		2025		2026		2027 and Beyond		Total
(In thousands)
Deferred revenue expected to be recognized	$	14,954	$	17,507	$	15,214	$	12,830	$	21,476	$	81,981

Schedule of other current liabilities

Other current liabilities consist of the following:

	December 31, 2022		October 1, 2022
(In thousands)
Reserve for returns	$	21,197	$	18,263
Short-term operating lease liabilities		10,827		10,532
Warranty liability		9,917		5,771
Other		15,327		5,083
Total other current liabilities	$	57,268	$	39,649

Schedule of product warranty liability

The following table presents the changes in the Company’s warranty liability for the three months ended December 31, 2022, and January 1, 2022:

	December 31, 2022			January 1, 2022
(In thousands)
Warranty liability, beginning of period	$	5,771		$	5,604
Provision for warranties issued during the period		6,177			5,359
Settlements of warranty claims during the period		(2,031	)		(1,297	)
Warranty liability, end of period	$	9,917		$	9,666