v3.26.1
Balance Sheet Components
 9 Months Ended
Jun. 27, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance Sheet Components
5. Balance Sheet Components
Accounts receivable, net
Accounts receivable, net consist of the following:
June 27,
2026		September 27,
2025
(In thousands)
Accounts receivable$177,641 $131,945 
Allowance for credit losses(3,858)(2,900)
Allowance for sales incentives(56,593)(63,198)
Accounts receivable, net of allowances$117,190 $65,847 
Inventories
Inventories consist of the following:
June 27,
2026		September 27,
2025
(In thousands)
Finished goods$137,122 $153,485 
Component parts21,021 17,535 
Inventories$158,143 $171,020 
As of June 27, 2026 and September 27, 2025, the Company's reserves for excess and obsolete inventory were $38.4 million and $41.2 million, respectively.
Property and equipment
Property and equipment net of accumulated depreciation were as follows:
June 27,
2026		September 27,
2025
(In thousands)
Property and equipment
$282,108 $269,938 
Less: accumulated depreciation
(221,967)(197,661)
Property and equipment, net$60,141 $72,277 
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 27, 2026

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 $(324)$11 $138 1.75
Technology-based
94,419 (30,139)- 64,280 5.01
Total intangible assets
$94,870 $(30,463)$11 $64,418 5.00
September 27, 2025
Gross Carrying AmountAccumulated Amortization Foreign Currency Translation Net Carrying ValueWeighted-Average Remaining Life
(In years)
(In thousands, except weighted-average remaining life)
Trade name$451 $(264)$16 $203 2.50
Technology-based94,419 (19,266)- 75,153 5.73
Total intangible assets$94,870 $(19,530)$16 $75,356 5.73
The following table summarizes the estimated future amortization expense of the Company's intangible assets as of June 27, 2026:
Fiscal years endingFuture Amortization Expense
(In thousands)
Remainder of fiscal 2026$2,651 
202713,567 
202813,449 
202912,453 
203010,539 
2031 and thereafter11,759 
Total future amortization expense$64,418 
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 27,
2026		September 27,
2025
(In thousands)
Cloud computing implementation costs$27,411 $27,411 
Less: accumulated amortization(16,484)(13,320)
Cloud computing implementation costs, net$10,927 $14,091 
Amortization expense for implementation costs for cloud-based computing arrangements for the three months ended June 27, 2026 and June 28, 2025, were $1.1 million and $0.9 million, respectively. Amortization expense for implementation costs for cloud-based computing arrangements for the nine months ended June 27, 2026 and June 28, 2025, were $3.2 million and $2.6 million, respectively.
Accrued expenses
Accrued expenses included the following:
June 27,
2026		September 27,
2025
(In thousands)
Accrued inventory and supply chain costs$48,744 $37,780 
Accrued taxes14,110 10,133 
Accrued general and administrative expenses9,856 8,923 
Accrued advertising and marketing7,741 12,429 
Accrued product development3,243 5,912 
Other accrued payables4,195 3,917 
Total accrued expenses$87,889 $79,094 
Deferred revenue
Amounts invoiced in advance of revenue recognition are recorded as deferred revenue on the condensed consolidated balance sheets and include revenue allocated to unspecified software upgrades and cloud-based services, as well as current deferred revenue related to newly launched products sold to resellers not recognized as revenue until reaching the date of general availability.
The following table presents the changes in the Company’s deferred revenue:
Nine Months Ended
June 27,
2026		June 28,
2025
(In thousands)
Deferred revenue, beginning of period$81,225 $82,877 
Recognition of revenue included in beginning of period deferred revenue(16,774)(15,041)
Revenue deferred, net of revenue recognized on contracts in the respective period16,053 15,129 
Deferred revenue, end of period$80,504 $82,965 
The Company expects the following recognition of deferred revenue as of June 27, 2026:
 For the fiscal years ending
 Remainder of 20262027202820292030 and
Beyond		Total
(In thousands)
Deferred revenue expected to be recognized$6,359 $20,536 $17,438 $13,897 $22,274 $80,504 
Other current liabilities
Other current liabilities consist of the following:
June 27,
2026		September 27,
2025
(In thousands)
Reserve for returns$21,523 $20,383 
Warranty liability11,557 10,002 
Short-term operating lease liabilities6,631 6,335 
Other 6,064 9,387 
Total other current liabilities$45,775 $46,107 
The following table presents the changes in the Company’s warranty liability:
June 27,
2026		June 28,
2025
(In thousands)
Warranty liability, beginning of period$10,002 $10,565 
Provision for warranties issued during the period7,289 10,312 
Settlements of warranty claims during the period(5,734)(11,169)
Warranty liability, end of period$11,557 $9,708