INTANGIBLE ASSETS (Tables)
|
9 Months Ended |
Jul. 03, 2026 |
|---|
| Goodwill and Intangible Assets Disclosure [Abstract] |
|
| Summary of Amortization Expense of Intangible Assets |
Amortization expense related to intangible assets is as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | July 3,
2026 | | July 4,
2025 | | July 3,
2026 | | July 4,
2025 | | Cost of revenue | $ | 1,622 | | | $ | 3,349 | | | $ | 4,866 | | | $ | 10,024 | | | Research and development | 2,623 | | | 2,269 | | | 7,823 | | | 6,618 | | | Selling, general and administrative | 1,911 | | | 1,756 | | | 5,829 | | | 6,771 | | | Total | $ | 6,156 | | | $ | 7,374 | | | $ | 18,518 | | | $ | 23,413 | |
|
| Summary of Activity in Intangible Assets and Goodwill |
A summary of the activity in gross intangible assets as of July 3, 2026 and October 3, 2025 is as follows (in thousands):
| | | | | | | | | | | | | | | | | | | | July 3, 2026 | | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | | | Acquired technology | $ | 34,837 | | | $ | (19,668) | | | $ | 15,169 | | | | | | | | | | | Customer relationships | 74,539 | | | (46,376) | | | 28,163 | | | | | | | | | | | Software licenses and licensed technology | 27,804 | | | (13,923) | | | 13,881 | | | Trade name (1) | 5,200 | | | (866) | | | 4,334 | | | Balance as of July 3, 2026 (2) | $ | 142,380 | | | $ | (80,833) | | | $ | 61,547 | | |
| | | | | | | | | | | | | | | | | | | October 3, 2025 | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | | Acquired technology | $ | 34,994 | | | $ | (14,859) | | | $ | 20,135 | | | Customer relationships | 74,572 | | | (41,304) | | | 33,268 | | | Software licenses | 26,186 | | | (5,544) | | | 20,642 | | Trade name (1) | 5,200 | | | (675) | | | 4,525 | | Balance as of October 3, 2025 (2) | $ | 140,952 | | | $ | (62,382) | | | $ | 78,570 | |
(1) Includes an indefinite-lived trade name of $3.4 million that is not amortized. (2) Foreign intangible asset carrying amounts include foreign currency translation adjustments.
|
| Summary of Estimated Amortization of Intangible Assets in Future Fiscal Years |
As of July 3, 2026, our estimated amortization of our intangible assets in future fiscal years is as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | 2026 Remaining | 2027 | 2028 | 2029 | 2030 | Thereafter | Total | | Amortization expense | $ | 6,223 | | 21,916 | | 9,630 | | 5,943 | | 5,217 | | 9,218 | | $ | 58,147 | |
|
| Schedule of Goodwill |
A summary of the changes in goodwill as of July 3, 2026 is as follows (in thousands): | | | | | | | | Goodwill | | Balance as of October 3, 2025 | $ | 336,315 | | | Acquired (1) | (6) | | | | Foreign currency translation adjustment | (893) | | | Balance as of July 3, 2026 | $ | 335,416 | | |
(1) The acquired balance consists of an immaterial change related to the ENGIN-IC Acquisition. For additional information refer to Note 3 - Acquisitions.
|