BALANCE SHEET COMPONENTS (Tables)

9 Months Ended

Jul. 03, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Components of significant balance sheet accounts

The following tables reflect the components of significant balance sheet accounts as of July 3, 2021 and October 3, 2020:

	As of
(in thousands)	July 3, 2021		October 3, 2020
Short-term investments, available-for-sale (1)	$	247,000	$	342,000
Inventories, net:
Raw materials and supplies	$	79,684	$	60,205
Work in process	56,404		39,753
Finished goods	42,708		43,015
	178,796		142,973
Inventory reserves	(25,471)		(31,164)
	$	153,325	$	111,809
Property, plant and equipment, net:
Land	$	2,182	$	2,182
Buildings and building improvements	23,312		22,830
Leasehold improvements	27,973		23,111
Data processing equipment and software	39,832		38,524
Machinery, equipment, furniture and fixtures	88,384		80,953
Construction in progress	9,044		7,111
	190,727		174,711
Accumulated depreciation	(124,495)		(115,564)
	$	66,232	$	59,147
Accrued expenses and other current liabilities:
Accrued customer obligations (2)	$	63,548	$	22,759
Wages and benefits	52,167		37,237
Dividend payable	8,678		7,397
Commissions and professional fees	4,612		2,716
Other	5,784		6,653
	$	134,789	$	76,762

(1)All short-term investments were classified as available-for-sale and were measured at fair value based on level one measurement, or quoted market prices, as defined by ASC 820. The Company did not recognize any realized gains or losses on the sale of investments during the three and nine months ended July 3, 2021 and June 27, 2020.

(2)Represents customer advance payments, customer credit program, accrued warranty expense and accrued retrofit obligations.