BALANCE SHEET COMPONENTS

12 Months Ended

Oct. 01, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

The following tables reflect the components of significant balance sheet accounts as of October 1, 2022 and October 2, 2021:


	As of
(in thousands)	October 1, 2022		October 2, 2021

Short term investments, available-for-sale(1)	$	220,000	$	377,000

Inventories, net:
Raw materials and supplies	$	118,833	$	94,493
Work in process	40,114		55,866
Finished goods	45,277		40,006
	204,224		190,365
Inventory reserves	(19,238)		(23,042)
	$	184,986	$	167,323

Property, plant and equipment, net:
Land	$	2,182	$	2,182
Buildings and building improvements	22,783		23,314
Leasehold improvements	32,400		30,054
Data processing equipment and software	38,223		40,945
Machinery, equipment, furniture and fixtures	90,151		87,994
Construction in progress	25,004		9,562
	210,743		194,051
Accumulated depreciation	(129,835)		(126,069)
	$	80,908	$	67,982

Accrued expenses and other current liabilities:
Accrued customer obligations (2)	$	58,916	$	72,478
Wages and benefits	50,279		66,531
Commissions and professional fees	5,019		6,190
Dividends payable	9,743		8,673

Severance	19		31
Other	10,565		7,667
	$	134,541	$	161,570

(1)All short-term investments were classified as available-for-sale and the fair value approximates cost basis. The Company did not recognize any realized gains or losses on the sale of investments during the fiscal years ended 2022 and 2021.

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