EQUITY INVESTMENTS

Equity investments consisted of the following as of April 4, 2026 and October 4, 2025:


	As of
(in thousands)	April 4, 2026		October 4, 2025
Non-marketable equity securities	$	7,881	$	6,978

Net Asset Value (“NAV”) (Private Equity Fund): Equity investments in affiliated investment funds are valued based on the NAV reported by the investment fund in accordance with ASC Topic 820-10. Investments held by the affiliated investment fund include a diversified portfolio of investments in the global semiconductor industry. The Company receives distributions through the liquidation of the underlying investments by the affiliated investment fund. However, the period of time over which the underlying investments are expected to be liquidated is unknown. Additionally, the Company’s ability to withdraw from the fund is subject to restrictions. The term of the fund will continue until March 18, 2032, unless dissolved earlier or otherwise extended by the General Partner. In accordance with ASC Topic 820-10, this investment is measured at fair value using the NAV per share (or its equivalent) practical expedient and has not been classified in the fair value hierarchy. As of April 4, 2026, the Company has funded $6.7 million into the affiliated investment fund and recognized a cumulative unrealized fair value gain of $1.2 million. The Company has recorded the amount of funded capital that has been called as an equity investment.

Debt securities have been classified in the Consolidated Condensed Balance Sheets according to management’s intent. Investment in debt securities consisted of the following as of April 4, 2026 and October 4, 2025:


	As of
(in thousands)	April 4, 2026	October 4, 2025
Held-to-maturity debt securities	10,000	10,000

The Company classifies its investment in debt securities as held-to-maturity, which were carried at amortized cost. Although held-to-maturity securities are recorded at amortized cost, the Company discloses the fair value in accordance with ASC 825-10. The fair value of the investment approximates cost basis and is categorized within Level 2 of the fair value hierarchy due to the use of observable market inputs, including benchmark yields and credit spreads.

Maturity of debt securities as of April 4, 2026 were as follows:


			Maturity grouping
(in thousands)	Total		Within 1 year		1 - 5 years		5 - 10 years		After 10 years
Held-to-maturity debt securities	$	10,000	—		$	10,000	—		—
Total	$	10,000	$	—	$	10,000	$	—	$	—

The Company did not recognize any unrealized gains or losses during the three and six months ended April 4, 2026.