CASH, CASH EQUIVALENTS, AND SHORT-TERM INVESTMENTS

12 Months Ended

Sep. 30, 2023

Cash and Cash Equivalents [Abstract]

CASH, CASH EQUIVALENTS, AND SHORT-TERM INVESTMENTS

CASH, CASH EQUIVALENTS, AND SHORT-TERM INVESTMENTS

Cash equivalents consist of instruments with remaining maturities of three months or less at the date of purchase. In general, these investments are free of trading restrictions.

Cash, cash equivalents and short-term investments consisted of the following as of September 30, 2023:

(dollar amounts in thousands)	Amortized Cost		Unrealized Gains		Unrealized Losses		Estimated Fair Value
Current assets:
Cash	$	37,292	$	—	$	—	$	37,292
Cash equivalents:
Money market funds (1)	202,113		—		(10)		202,103
Time deposits (2)	290,007		—		—		290,007
Total cash and cash equivalents	$	529,412	$	—	$	(10)	$	529,402
Short-term investments:
Time deposits (2)	$	230,000	$	—	$	—	$	230,000
Total short-term investments	$	230,000	$	—	$	—	$	230,000
Total cash, cash equivalents, and short-term investments	$	759,412	$	—	$	(10)	$	759,402

(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)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 2023 and 2022.

Cash, cash equivalents, restricted cash and short-term investments consisted of the following as of October 1, 2022:

(dollar amounts 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, restricted cash 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)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 2023 and 2022.