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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 27, 2024
Sep. 29, 2023
Current assets:    
Cash and cash equivalents $ 168.7 $ 152.6
Marketable securities 31.8 41.3
Accounts receivable, net of allowance for credit losses of $1.0 million and $0.6 million at September 27, 2024 and September 29, 2023, respectively 157.7 163.6
Inventories, net 264.8 277.5
Prepaid expenses and other current assets 26.9 23.3
Total current assets 649.9 658.3
Property, plant and equipment, net 153.4 143.6
Goodwill 291.0 288.5
Intangible assets, net 16.1 22.4
Investments in privately-held companies 26.8 29.0
Deferred tax assets 4.7 41.3
Operating lease assets 28.3 29.0
Other assets 46.8 37.5
Total assets 1,217.0 1,249.6
Current liabilities:    
Accounts payable 59.1 64.7
Accrued liabilities and other current liabilities 78.6 82.6
Current operating lease liabilities 4.0 3.8
Current maturities of long-term debt, net 46.3 1.5
Deferred revenues 7.9 10.2
Total current liabilities 195.9 162.8
Long-term debt, net 397.1 441.1
Deferred tax liabilities 1.4 0.0
Operating lease liabilities 23.0 23.1
Other long-term liabilities 50.4 41.6
Total liabilities 667.8 668.6
Commitments and contingencies (Note 13)
Stockholders' equity:    
Preferred stock, $0.01 par value: 20,000,000 shares authorized, none issued 0.0 0.0
Common stock, $0.01 par value: 150,000,000 shares authorized: Shares issued and outstanding: 41,094,179 and 40,529,573 at September 27, 2024 and September 29, 2023, respectively 0.4 0.4
Additional paid-in capital 467.2 450.4
Accumulated other comprehensive loss (2.9) (1.2)
Retained earnings 70.4 118.1
Total Varex stockholders' equity 535.1 567.7
Noncontrolling interests 14.1 13.3
Total stockholders' equity 549.2 581.0
Total liabilities and stockholders' equity $ 1,217.0 $ 1,249.6