BALANCE SHEET COMPONENTS

The following tables reflect the components of significant balance sheet accounts as of July 1, 2017 and October 1, 2016:



	As of
(in thousands)	July 1, 2017			October 1, 2016

Short term investments, available-for-sale⁽¹⁾	$	110,000		$	124,000

Inventories, net:
Raw materials and supplies ⁽²⁾	$	39,027		$	26,876
Work in process ⁽²⁾	48,484			24,333
Finished goods ⁽²⁾	60,657			57,166
	148,168			108,375
Inventory reserves	(21,786		)	(21,080		)
	$	126,382		$	87,295
Property, plant and equipment, net:
Land	$	2,182		$	—
Buildings and building improvements	50,400			34,472
Leasehold improvements	9,790			19,963
Data processing equipment and software ⁽²⁾	34,376			32,975
Machinery, equipment, furniture and fixtures	64,865			54,730
	161,613			142,140
Accumulated depreciation ⁽²⁾	(95,380		)	(91,798		)
	$	66,233		$	50,342
Accrued expenses and other current liabilities:
Wages and benefits	$	38,596		$	24,248
Accrued customer obligations ⁽³⁾	34,607			13,077
Commissions and professional fees	8,150			10,908
Deferred rent	1,938			2,920
Severance ⁽⁴⁾	2,944			1,296
Other	15,026			11,505
	$	101,261		$	63,954

(1)

All short-term investments were classified as available-for-sale and were measured at fair value based on level one measurement, or quoted market prices, as defined by ASC 820. As of July 1, 2017, fair value approximated the cost basis for short-term investments. The Company did not recognize any realized gains or losses on the sale of investments during the three and nine months ended July 1, 2017 and July 2, 2016.


(2)	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.


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


(4)	Includes the restructuring plan discussed in Note 2, severance payable in connection with the October 2015 retirement of the Company's CEO of $0.3 million (as of October 1, 2016: $0.8 million), and other severance payments.