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Property and Equipment
12 Months Ended
Sep. 28, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment at September 28, 2024 and September 30, 2023 consists of the following (in thousands):
 
 Year Ended
 September 28, 2024September 30, 2023
Computer equipment and software, furniture and fixtures, and test and other equipment$114,515 $40,437 
Internal use software7,141 5,638 
Leasehold improvements9,576 7,194 
Total property and equipment131,232 53,269 
Less accumulated depreciation(34,123)(18,762)
Property and equipment, net$97,109 $34,507 
Included within the $62.6 million net increase of property and equipment from September 30, 2023 to September 28, 2024 is approximately $38.5 million non-cash transfer of equipment from deferred cost to property and equipment related to equipment which the Company will be utilizing for internal operations.
Depreciation expense was $13.0 million for the year ended September 28, 2024, $9.0 million for the year ended September 30, 2023, and $5.5 million for the year ended September 24, 2022. At September 28, 2024, $4.7 million was included within prepaid expenses and other current assets related to the Company’s ERP implementation project which is accounted for as a hosting arrangement that is a service contract.