CASH, CASH EQUIVALENTS, RESTRICTED CASH AND SHORT-TERM INVESTMENTS (Tables)

9 Months Ended

Jul. 01, 2023

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 1, 2023:

(in thousands)	Amortized Cost		Unrealized Gains		Unrealized Losses		Estimated Fair Value
Current assets:
Cash	$	31,696	$	—	$	—	$	31,696
Cash equivalents:
Money market funds (1)	215,114		—		(13)		215,101
Time deposits (2)	155,009		—		—		155,009
Total cash and cash equivalents	$	401,819	$	—	$	(13)	$	401,806
Short-term investments:
Time deposits (2)	310,000		—		—		310,000
Total short-term investments	$	310,000	$	—	$	—	$	310,000
Total cash, cash equivalents and short-term investments	$	711,819	$	—	$	(13)	$	711,806

(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 1, 2022:

(in thousands)	Amortized Cost		Unrealized Gains		Unrealized Losses		Estimated Fair Value
Current assets:
Cash	$	173,402	$	—	$	—	$	173,402
Cash equivalents:
Money market funds (1)	157,145		—		(20)		157,125
Time deposits (2)	225,010		—		—		225,010
Total cash and cash equivalents	$	555,557	$	—	$	(20)	$	555,537
Short-term investments:
Time deposits (2)	220,000		—		—		220,000
Total short-term investments	$	220,000	$	—	$	—	$	220,000
Total cash, cash equivalents and short-term investments	$	775,557	$	—	$	(20)	$	775,537

(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.