Fair Values (Tables)

6 Months Ended

Apr. 03, 2021

Schedule of financial assets and liabilities measured at fair value

Financial assets and liabilities measured at fair value as of April 3, 2021 and October 3, 2020 are summarized below (in thousands):


	Aggregate Fair Value		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Aggregate Fair Value		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs
	April 3, 2021						October 3, 2020
			(Level 1)		(Level 2)				(Level 1)		(Level 2)
Assets:
Cash equivalents:
Money market fund deposits	$	22,651	$	22,651	$	—	$	36,646	$	36,646	$	—
Certificates of deposit	44,688		44,688		—		56,191		56,191		—


Short-term investments:
U.S. Treasury and agency obligations (1)	15,128		—		15,128		35,346		—		35,346


Prepaid and other assets:
Foreign currency contracts (2)	978		—		978		812		—		812
Money market fund deposits — Deferred comp and supplemental plan (3)	499		499		—		203		203		—
Mutual funds — Deferred comp and supplemental plan (3)	12,871		12,871		—		22,778		22,778		—
Total	$	96,815	$	80,709	$	16,106	$	151,976	$	115,818	$	36,158

Liabilities:
Other current liabilities:
Foreign currency contracts (2)	(2,213)		—		(2,213)		(2,811)		—		(2,811)

Total	$	94,602	$	80,709	$	13,893	$	149,165	$	115,818	$	33,347

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(1) Valuations are based upon quoted market prices in active markets involving similar assets. The market inputs used to value these instruments generally consist of market yields, reported trades, broker/dealer quotes or alternative pricing sources with reasonable levels of price transparency. Pricing sources include industry standard data providers, security master files from large financial institutions, and other third party sources which are input into a distribution-curve-based algorithm to determine a daily market value. This creates a "consensus price" or a weighted average price for each security.

(2) The principal market in which we execute our foreign currency contracts is the institutional market in an over-the-counter environment with a relatively high level of price transparency. The market participants usually are large commercial banks. Our foreign currency contracts’ valuation inputs are based on quoted prices and quoted pricing intervals from public data sources and do not involve management judgment. See Note 7, "Derivative Instruments and Hedging Activities."

(3) The fair value of mutual funds is determined based on quoted market prices. Securities traded on a national exchange are stated at the last reported sales price on the day of valuation; other securities traded in over-the-counter markets and listed securities for which no sale was reported on that date are stated as the last quoted bid price.