The following tables reflect the components of significant balance sheet accounts as of December 31, 2016 and October 1, 2016:



	As of
(in thousands)	December 31, 2016			October 1, 2016
Inventories, net:
Raw materials and supplies ⁽¹⁾	$	26,418		$	26,876
Work in process ⁽¹⁾	16,909			24,333
Finished goods ⁽¹⁾	60,770			57,166
	104,097			108,375
Inventory reserves	(20,305		)	(21,080		)
	$	83,792		$	87,295
Property, plant and equipment, net:
Buildings and building improvements	$	34,150		$	34,472
Leasehold improvements	14,759			19,963
Data processing equipment and software ⁽¹⁾	33,622			32,975
Machinery, equipment, furniture and fixtures	59,858			54,730
	142,389			142,140
Accumulated depreciation ⁽¹⁾	(92,754		)	(91,798		)
	$	49,635		$	50,342
Accrued expenses and other current liabilities:
Wages and benefits	$	18,044		$	24,248
Accrued customer obligations ⁽²⁾	12,495			13,077
Commissions and professional fees	9,918			10,908
Deferred rent	2,868			2,920
Severance ⁽³⁾	1,150			1,296
Other	11,390			11,505
	$	55,865		$	63,954


(1)	Certain balances as at October 1, 2016 relating to Inventories and Property, plant and equipment have been reclassified for comparative purposes. These reclassifications have no impact to the Consolidated Condensed Balance Sheet as at October 1, 2016.


(2)	Represents customer advance payments, customer credit program, accrued warranty expense and accrued retrofit obligations.


(3)	Includes the restructuring plan discussed in Note 2, severance payable in connection with the October 2015 retirement of the Company's CEO of $0.6 million (as of October 1, 2016: $0.8 million), and other severance payments.