COMMITMENTS AND CONTINGENCIES |
12 Months Ended |
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Sep. 27, 2024 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | COMMITMENTS AND CONTINGENCIES Lease Commitments See Note 3, Leases, included in this report, for additional information about the Company's lease commitments. Other Commitments See Note 4, Related-Party Transactions, included in this report, for additional information about the Company’s commitments to dpiX. See Note 14, Noncontrolling Interests, included in this report, for additional information about the Company’s commitment to the noncontrolling shareholders of MeVis. The Company has an environmental liability of approximately $3.9 million as of September 27, 2024. See Note 1, Summary of Significant Accounting Policies, included in the accompanying Notes to the Consolidated Financial Statements for additional information. In fiscal year 2022, the Company entered into several agreements with a third-party company, whose stock is publicly traded on a foreign exchange. Under these agreements, the Company will make certain milestone payments of up to $5 million upon achievement of specified milestones. During fiscal years 2022, 2023 and 2024, the Company paid $1 million, $2 million, and $1 million respectively, to the third-party company, which was recorded in research and development in the Consolidated Statements of Operations. The remaining milestone was achieved and paid in the first quarter of fiscal year 2025. The Company enters into purchase agreements with its suppliers in the ordinary course of its business for the purchase of goods and services. Some of these purchase agreements are non-cancellable and thus contractually obligate the Company to future cash payments. The Company has non-cancellable supplier purchase obligations of approximately $6.7 million as of September 27, 2024. Contingencies The Company did not have any material contingent liabilities as of September 27, 2024 and September 29, 2023. Legal expenses are expensed as incurred.
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