Basis of Presentation Basis of Presentation (Tables)
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9 Months Ended |
Jun. 29, 2019 |
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| Organization, Consolidation and Presentation of Financial Statements [Abstract] |
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| Restrictions on Cash and Cash Equivalents |
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheets to the condensed consolidated statements of cash flows as of June 29, 2019, June 30, 2018 and September 29, 2018, respectively (in thousands).
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June 29, 2019 |
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June 30, 2018 |
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September 29, 2018 |
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Cash and cash equivalents |
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$ |
445,632 |
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$ |
204,388 |
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$ |
482,106 |
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Restricted cash |
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10,924 |
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13,978 |
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10,899 |
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Total cash, cash equivalents and restricted cash |
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$ |
456,556 |
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$ |
218,366 |
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$ |
493,005 |
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| Schedule of Cash, Cash Equivalents |
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheets to the condensed consolidated statements of cash flows as of June 29, 2019, June 30, 2018 and September 29, 2018, respectively (in thousands).
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June 29, 2019 |
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June 30, 2018 |
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September 29, 2018 |
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Cash and cash equivalents |
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$ |
445,632 |
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$ |
204,388 |
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$ |
482,106 |
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Restricted cash |
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10,924 |
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13,978 |
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10,899 |
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Total cash, cash equivalents and restricted cash |
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$ |
456,556 |
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$ |
218,366 |
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$ |
493,005 |
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| Schedule of New Accounting Pronouncements and Changes in Accounting Principles |
Had the Company not adopted the provisions under this ASU, its condensed consolidated balance sheet as of June 29, 2019 would have been presented as follows (in thousands):
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As Reported June 29, 2019 |
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Adjustments |
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Balances without Adoption of ASC Topic 606 June 29, 2019 |
Current assets |
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Receivables, less allowance for doubtful accounts |
$ |
395,581 |
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$ |
(8,407 |
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$ |
387,174 |
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Prepaid expenses and other |
$ |
32,453 |
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$ |
(5,117 |
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$ |
27,336 |
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Total current assets |
$ |
1,349,626 |
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$ |
(13,524 |
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$ |
1,336,102 |
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Current liabilities |
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Accrued expenses |
$ |
141,029 |
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$ |
(13,524 |
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$ |
127,505 |
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Total current liabilities |
$ |
278,813 |
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$ |
(13,524 |
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$ |
265,289 |
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