Balance Sheet Components (Tables)

12 Months Ended

Sep. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Summary of Changes in Allowance for Credit Losses

The following table summarizes changes in the allowance for credit losses for fiscal 2023, 2022 and 2021:

	September 30, 2023			October 1, 2022			October 2, 2021
(In thousands)
Beginning balance	$	2,744		$	1,547		$	1,307
Increases		1,561			2,098			1,529
Write-offs		(1,594	)		(901	)		(1,289	)
Ending balance	$	2,711		$	2,744		$	1,547

Summary of Changes In Allowance for Sales Incentives

The following table summarizes the changes in the allowance for sales incentives for fiscal 2023, 2022 and 2021:

	September 30, 2023			October 1, 2022			October 2, 2021
(In thousands)
Beginning balance	$	23,573		$	19,160		$	17,515
Charged to revenue		139,657			51,225			95,249
Utilization of sales incentive allowance		(134,155	)		(46,812	)		(93,604	)
Ending balance	$	29,075		$	23,573		$	19,160

Schedule of Inventories, Net

Inventories, net, consist of the following:

	September 30, 2023		October 1, 2022
(In thousands)
Finished goods	$	281,571	$	406,657
Components		64,950		47,631
Inventories	$	346,521	$	454,288

Schedule of Property and Equipment

Property and equipment are stated at historical cost less accumulated depreciation. Depreciation is calculated using the straight-line method over the estimated useful lives of the related assets as follows:

Computer hardware and software	1-5 years
Furniture and fixtures	2-5 years
Tooling and production line test equipment	2-4 years
Leasehold improvements	2-15 years
Product displays	1-4 years

Property and equipment, net by country as of September 30, 2023, and October 1, 2022 were as follows:

	September 30, 2023		October 1, 2022
(In thousands)
China	$	32,045	$	40,609
United States		30,430		30,870
Other countries		24,600		14,689
Property and equipment, net	$	87,075	$	86,168

Property and equipment, net consist of the following:

	September 30, 2023			October 1, 2022
(In thousands)
Computer hardware and software	$	41,679		$	42,000
Furniture and fixtures		6,971			7,511
Tooling and production line test equipment		108,693			100,337
Leasehold improvements		53,648			49,656
Product displays		68,771			56,885
Total property and equipment		279,762			256,389
Accumulated depreciation and amortization		(192,687	)		(170,221	)
Property and equipment, net	$	87,075		$	86,168

Schedule of goodwill

The following table presents the changes in carrying amount of goodwill for the fiscal year ended September 30, 2023:

(In thousands)
Balance as of October 1, 2022	$	77,300
Effect of exchange rate changes on goodwill		3,120
Balance as of September 30, 2023	$	80,420

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:

	September 30, 2023
	Gross Carrying Amount		Accumulated Amortization			Foreign Currency Translation			Net Carrying Value		Weighted-Average Remaining Life
(In thousands, except weighted-average remaining life)
Tradename	$	451	$	(113	)	$	(12	)	$	326		4.50
Technology-based		31,480		(11,588	)		-			19,892		4.89
Total finite-lived intangible assets		31,931		(11,701	)		(12	)		20,218		4.88
In-process research and development and other intangible    assets not subject to amortization		71,759		-			(1,968	)		69,791
Total intangible assets	$	103,690	$	(11,701	)	$	(1,980	)	$	90,009

The following table summarizes the estimated future amortization expense of the Company's intangible assets as September 30, 2023:

Fiscal years ending	Future Amortization Expense
(In thousands)
2024	$	5,969
2025		3,367
2026		3,038
2027		3,022
2028 and thereafter		4,822
Total future amortization expense	$	20,218

Schedule of Accrued Expenses

Accrued expenses consisted of the following:

	September 30, 2023		October 1, 2022
(In thousands)
Accrued inventory and supply chain costs	$	48,384	$	51,011
Accrued advertising and marketing		13,029		21,292
Accrued taxes		11,410		7,081
Accrued general and administrative expenses		9,924		21,634
Accrued product development		4,298		8,168
Other accrued payables		2,672		104
Total accrued expenses	$	89,717	$	109,290

Changes in deferred balances and expected revenue recognition

The following table presents the changes in the Company's deferred revenue balances for the fiscal years ended September 30, 2023, October 1, 2022, and October 2, 2021:

	September 30, 2023			October 1, 2022			October 2, 2021
(In thousands)
Deferred revenue, beginning of period	$	83,470		$	89,498		$	62,389
Recognition of revenue included in beginning of period deferred revenue		(27,057	)		(41,438	)		(19,175	)
Revenue deferred, net of revenue recognized on contracts in the respective period		24,425			35,410			46,284
Deferred revenue, end of period	$	80,838		$	83,470		$	89,498

Remaining performance obligation

The Company expects the following recognition of deferred revenue as of September 30, 2023:

	For the fiscal years ending
	2024		2025		2026		2027		2028 and Beyond		Total
(In thousands)
Revenue expected to be recognized	$	20,188	$	17,086	$	14,718	$	12,088	$	16,758	$	80,838

Schedule of Other Current Liabilities

Other current liabilities consist of the following:

	September 30, 2023		October 1, 2022
(In thousands)
Reserve for returns	$	21,462	$	18,263
Short-term operating lease liabilities		1,153		10,532
Warranty liability		7,466		5,771
Other		4,172		5,083
Total other current liabilities	$	34,253	$	39,649

Schedule of product warranty liability

The following table presents the changes in the Company’s warranty liability for the fiscal years ended September 30, 2023, and October 1, 2022:

	September 30, 2023			October 1, 2022
(In thousands)
Warranty liability, beginning of period	$	5,771		$	5,604
Provision for warranties issued during the period		12,517			13,033
Settlements of warranty claims during the period		(10,822	)		(12,866	)
Warranty liability, end of period	$	7,466		$	5,771