v3.25.2
Balance Sheet Components (Tables)
 9 Months Ended
Jun. 28, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Accounts Receivable, Net
Accounts receivable, net
Accounts receivable, net consist of the following:
June 28,
2025		September 28,
2024
(In thousands)
Accounts receivable$147,287 $96,254 
Allowance for credit losses(2,904)(2,619)
Allowance for sales incentives(50,182)(49,122)
Accounts receivable, net of allowances$94,201 $44,513 
Schedule of Inventories
Inventories consist of the following:
June 28,
2025		September 28,
2024
(In thousands)  
Finished goods$93,264 $199,825 
Component parts22,163 31,680 
Inventories$115,427 $231,505 
Schedule of Property, and Equipment
Property and equipment net of accumulated depreciation were as follows:
June 28,
2025		September 28,
2024
(In thousands)
Property and equipment
$296,833 $280,247 
Less: accumulated depreciation
(216,107)(178,099)
Property and equipment, net$80,726 $102,148 
Schedule of Indefinite-Lived Intangible Assets The following table reflects the changes in the net carrying amount of the components of intangible assets associated with the Company's acquisition activity:
June 28, 2025
Gross Carrying AmountAccumulated Amortization Foreign Currency TranslationNet Carrying Value
Weighted-Average Remaining Life
(In years)
(In thousands, except weighted-average remaining life)
Trade name$451 $(244)$16 $223 2.75
Technology-based94,419 (16,634)- 77,785 5.97
Total intangible assets$94,870 $(16,878)$16 $78,008 5.96
September 28, 2024
Gross Carrying AmountAccumulated Amortization Foreign Currency Translation Net Carrying Value
Weighted-Average Remaining Life
(In years)
(In thousands, except weighted-average remaining life)
Trade name
$451 $(188)$7 $270 3.50
Technology-based31,480 (17,484)- 13,996 4.52
Total finite-lived intangible assets31,931 (17,672)7 14,266 4.51
In-process research and development not subject to amortization
73,770 - - 73,770 
Total intangible assets$105,701 $(17,672)$7 $88,036 
Schedule of Finite-Lived Intangible Assets The following table reflects the changes in the net carrying amount of the components of intangible assets associated with the Company's acquisition activity:
June 28, 2025
Gross Carrying AmountAccumulated Amortization Foreign Currency TranslationNet Carrying Value
Weighted-Average Remaining Life
(In years)
(In thousands, except weighted-average remaining life)
Trade name$451 $(244)$16 $223 2.75
Technology-based94,419 (16,634)- 77,785 5.97
Total intangible assets$94,870 $(16,878)$16 $78,008 5.96
September 28, 2024
Gross Carrying AmountAccumulated Amortization Foreign Currency Translation Net Carrying Value
Weighted-Average Remaining Life
(In years)
(In thousands, except weighted-average remaining life)
Trade name
$451 $(188)$7 $270 3.50
Technology-based31,480 (17,484)- 13,996 4.52
Total finite-lived intangible assets31,931 (17,672)7 14,266 4.51
In-process research and development not subject to amortization
73,770 - - 73,770 
Total intangible assets$105,701 $(17,672)$7 $88,036 
Schedule of Estimated Future Amortization Expense
The following table summarizes the estimated future amortization expense of the Company's intangible assets as of June 28, 2025:
Fiscal years endingFuture Amortization Expense
(In thousands)
Remainder of fiscal 2025$2,651 
202613,585 
202713,570 
202813,451 
202912,453 
2030 and thereafter22,298 
Total future amortization expense$78,008 
Schedule of Cloud Computing Arrangements
Capitalized costs to implement cloud computing arrangements net of accumulated amortization are reported as a component of other noncurrent assets on the Company's condensed consolidated balance sheets and were as follows:
June 28,
2025		September 28,
2024
(In thousands)
Cloud computing implementation costs$26,844 $25,038 
Less: accumulated amortization(12,314)(9,697)
Cloud computing implementation costs, net$14,530 $15,341 
Schedule of Accrued Expenses
Accrued expenses included the following:
June 28,
2025		September 28,
2024
(In thousands)
Accrued inventory and supply chain costs$36,773 $34,204 
Accrued taxes10,668 19,084 
Accrued advertising and marketing10,562 12,893 
Accrued general and administrative expenses8,969 10,870 
Accrued product development4,928 4,338 
Other accrued payables3,972 6,394 
Total accrued expenses$75,872 $87,783 
Schedule of Changes in Deferred Balances and Expected Revenue Recognition
The following table presents the changes in the Company’s deferred revenue:
Nine Months Ended
June 28,
2025		June 29,
2024
(In thousands)
Deferred revenue, beginning of period$82,877 $80,838 
Recognition of revenue included in beginning of period deferred revenue(15,041)(17,723)
Revenue deferred, net of revenue recognized on contracts in the respective period15,129 19,871 
Deferred revenue, end of period$82,965 $82,986 
Schedule of Remaining Performance Obligation
The Company expects the following recognition of deferred revenue as of June 28, 2025:
 For the fiscal years ending
 Remainder of 20252026202720282029 and
Beyond		Total
(In thousands)
Deferred revenue expected to be recognized$6,225 $20,546 $17,813 $14,690 $23,691 $82,965 
Schedule of Other Current Liabilities
Other current liabilities consist of the following:
June 28,
2025		September 28,
2024
(In thousands)
Reserve for returns$23,108 $20,304 
Warranty liability9,708 10,565 
Short-term operating lease liabilities7,023 7,551 
Other 7,625 7,857 
Total other current liabilities$47,464 $46,277 
Schedule of Product Warranty Liability
The following table presents the changes in the Company’s warranty liability:
June 28,
2025		June 29,
2024
(In thousands)
Warranty liability, beginning of period$10,565 $7,466 
Provision for warranties issued during the period10,312 13,363 
Settlements of warranty claims during the period(11,169)(12,039)
Warranty liability, end of period$9,708 $8,790