v3.25.1
BALANCE SHEET COMPONENTS
 6 Months Ended
Mar. 29, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
BALANCE SHEET COMPONENTS 2. BALANCE SHEET COMPONENTS
Components of significant balance sheet accounts as of March 29, 2025 and September 28, 2024 are as follows:
 As of
(in thousands)March 29, 2025September 28, 2024
Inventories, net:  
Raw materials and supplies $113,115 $113,119 
Work in process 39,889 43,023 
Finished goods 61,237 53,378 
 214,241 209,520 
Inventory reserves (1)
(58,586)(31,784)
 $155,655 $177,736 
Property, plant and equipment, net (1) (2):
  
Land$2,182 $2,182 
Buildings and building improvements28,200 23,951 
Leasehold improvements
39,253 44,682 
Data processing equipment and software
38,281 37,917 
Machinery, equipment, furniture and fixtures102,060 105,548 
Construction in progress
8,712 10,060 
 218,688 224,340 
Accumulated depreciation (158,570)(159,517)
 $60,118 $64,823 
Accrued expenses and other current liabilities:  
Accrued customer obligations (3)
$26,687 $31,014 
Wages and benefits
28,581 28,942 
Dividends payable10,886 10,794 
Commissions and professional fees 3,415 4,654 
Accrued leasehold renovations — 6,476 
Accrued adverse purchase commitments(1)
11,357 1,836 
Severance(1)
11,292 2,407 
Other3,907 4,679 
 $96,125 $90,802 
(1)Please see Note 16: Cessation of Business for more information on the wind down charges and impairments related to the intended cessation of the EA equipment business.
(2)Certain balances previously presented as Accumulated Impairment as of September 28, 2024 have been reclassified to conform to the current period presentation. These reclassifications have no impact to the consolidated financial statements in the fiscal period.
(3)Represents customer advance payments, customer credit program, accrued warranty expense and accrued retrofit obligations.