Balance Sheet Components (Tables)

6 Months Ended

Mar. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Summary of Accounts Receivable

Accounts receivable, net

Accounts receivable, net consist of the following:

	March 30, 2024		September 30, 2023
(In thousands)
Accounts receivable	$	97,748	$	99,369
Allowance for credit losses	(2,245)		(2,711)
Allowance for sales incentives	(25,778)		(29,075)
Accounts receivable, net of allowances	$	69,725	$	67,583

Schedule of Inventories

Inventories consist of the following:

	March 30, 2024		September 30, 2023
(In thousands)
Finished goods	$	114,222	$	281,571
Component parts	65,323		64,950
Inventories	$	179,545	$	346,521

Schedule of Goodwill

The following table presents the changes in carrying amount of goodwill during the six months ended March 30, 2024:

(In thousands)
Balance as of September 30, 2023	$	80,420
Effect of exchange rate changes on goodwill	883
Balance as of March 30, 2024	$	81,303

Schedule of Intangible Assets

The following table reflects the changes in the net carrying amount of the components of intangible assets associated with the Company's acquisition activity:

	March 30, 2024
	Gross Carrying Amount		Accumulated Amortization		Foreign Currency Translation		Net Carrying Value		Weighted-Average Remaining Life
(In thousands, except weighted-average remaining life)
Trade name	$	451	$	(149)	$	(3)	$	299	4.00
Technology-based	31,480		(14,536)		—		16,944		4.65
Total finite-lived intangible assets	31,931		(14,685)		(3)		17,243		4.64
In-process research and development not subject to amortization	71,759		—		(524)		71,235
Total intangible assets	$	103,690	$	(14,685)	$	(527)	$	88,478

Schedule of Intangible Assets

The following table reflects the changes in the net carrying amount of the components of intangible assets associated with the Company's acquisition activity:

	March 30, 2024
	Gross Carrying Amount		Accumulated Amortization		Foreign Currency Translation		Net Carrying Value		Weighted-Average Remaining Life
(In thousands, except weighted-average remaining life)
Trade name	$	451	$	(149)	$	(3)	$	299	4.00
Technology-based	31,480		(14,536)		—		16,944		4.65
Total finite-lived intangible assets	31,931		(14,685)		(3)		17,243		4.64
In-process research and development not subject to amortization	71,759		—		(524)		71,235
Total intangible assets	$	103,690	$	(14,685)	$	(527)	$	88,478

Summary of Estimated Future Amortization Expense

The following table summarizes the estimated future amortization expense of the Company's intangible assets as of March 30, 2024:

Fiscal years ending	Future Amortization Expense
(In thousands)
Remainder of fiscal 2024	$	2,985
2025	3,369
2026	3,040
2027	3,025
2028	2,909
2029 and thereafter	1,915
Total future amortization expense	$	17,243

Summary of Cloud Computing Arrangements

Capitalized costs to implement cloud computing arrangements net of accumulated amortization are reported as a component of other noncurrent assets on the Company's condensed consolidated balance sheets and were as follows:

	March 30, 2024		September 30, 2023
Cloud computing implementation costs	$	24,177	$	24,177
Less: accumulated amortization	7,952		6,207
Cloud computing implementation costs, net	$	16,225	$	17,970

Schedule of Accrued Expenses

Accrued expenses consisted of the following:

	March 30, 2024		September 30, 2023
(In thousands)
Accrued inventory and supply chain costs	$	37,444	$	48,384
Accrued general and administrative expenses	10,969		9,924
Accrued taxes	7,565		11,410
Accrued advertising and marketing	6,431		13,029
Accrued product development	4,017		4,298
Other accrued payables	5,815		2,672
Total accrued expenses	$	72,241	$	89,717

Changes in Deferred Balances and Expected Revenue Recognition

The following table presents the changes in the Company’s deferred revenue:

	Six Months Ended
	March 30, 2024		April 1, 2023
(In thousands)
Deferred revenue, beginning of period	$	80,838	$	83,470
Recognition of revenue included in beginning of period deferred revenue	(12,775)		(16,186)
Revenue deferred, net of revenue recognized on contracts in the respective period	15,245		14,443
Deferred revenue, end of period	$	83,308	$	81,727

Remaining Performance Obligation

The Company expects the following recognition of deferred revenue as of March 30, 2024:

	For the fiscal years ending
	Remainder of 2024		2025		2026		2027		2028 and Beyond		Total
(In thousands)
Deferred revenue expected to be recognized	$	10,919	$	18,987	$	16,600	$	13,949	$	22,853	$	83,308

Schedule of Other Current Liabilities

Other current liabilities consist of the following:

	March 30, 2024		September 30, 2023
(In thousands)
Reserve for returns	$	26,565	$	21,462
Short-term operating lease liabilities	7,283		1,153
Warranty liability	6,900		7,466
Other	9,569		4,172
Total other current liabilities	$	50,317	$	34,253

Schedule of Product Warranty Liability

The following table presents the changes in the Company’s warranty liability:

	March 30, 2024		April 1, 2023
(In thousands)
Warranty liability, beginning of period	$	7,466	$	5,771
Provision for warranties issued during the period	8,126		7,892
Settlements of warranty claims during the period	(8,692)		(4,670)
Warranty liability, end of period	$	6,900	$	8,993