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CASH, CASH EQUIVALENTS, RESTRICTED CASH AND SHORT-TERM INVESTMENTS (Tables)
9 Months Ended
Jul. 03, 2021
Cash and Cash Equivalents [Abstract]  
Cash, cash equivalents, restricted cash and short-term investments
Cash, cash equivalents, and short-term investments consisted of the following as of July 3, 2021:
(in thousands)Amortized
Cost
Unrealized
Gains
Unrealized
Losses
Estimated
Fair Value
Current assets:
Cash$176,976 $— $— $176,976 
Cash equivalents:
Money market funds (1)
82,034 — (18)82,016 
Time deposits (2)
30,007 — — 30,007 
Deposits (2)
99,000 — — 99,000 
Total cash and cash equivalents$388,017 $— $(18)$387,999 
Short-term investments (2):
Time deposits 247,000 — — 247,000 
Total short-term investments$247,000 $— $— $247,000 
Total cash, cash equivalents and short-term investments$635,017 $— $(18)$634,999 
(1)The fair value was determined using unadjusted prices in active, accessible markets for identical assets, and as such they were classified as Level 1 assets in the fair value hierarchy.
(2)Fair value approximates cost basis.
Cash, cash equivalents and short-term investments consisted of the following as of October 3, 2020:
(in thousands)Amortized
Cost
Unrealized
Gains
Unrealized
Losses
Estimated
Fair Value
Current assets:
Cash$42,997 $— $— $42,997 
Cash equivalents:
Money market funds (1)
105,133 — (10)105,123 
Time deposits (2)
40,007 — — 40,007 
Total cash and cash equivalents$188,137 $— $(10)$188,127 
Short-term investments (2):
Time deposits 243,000 — — 243,000 
Deposits (3)
99,000 — — 99,000 
Total short-term investments$342,000 $— $— $342,000 
Total cash, cash equivalents and short-term investments$530,137 $— $(10)$530,127 
(1)The fair value was determined using unadjusted prices in active, accessible markets for identical assets, and as such they were classified as Level 1 assets in the fair value hierarchy.
(2)Fair value approximates cost basis.
(3)Represents deposits that require a notice period of three months for withdrawal.