BALANCE SHEET COMPONENTS (Tables)

9 Months Ended

Jun. 29, 2019

The following tables reflect the components of significant balance sheet accounts as of June 29, 2019 and September 29, 2018:



	As of
(in thousands)	June 29, 2019			September 29, 2018

Short term investments, available-for-sale⁽¹⁾	$	248,000		$	293,000

Inventories, net:
Raw materials and supplies	$	58,336		$	63,894
Work in process	31,590			37,829
Finished goods	35,890			40,357
	125,816			142,080
Inventory reserves	(27,767		)	(26,889		)
	$	98,049		$	115,191
Property, plant and equipment, net:
Land	$	2,182		$	2,182
Buildings and building improvements ⁽²⁾	42,125			41,616
Leasehold improvements ⁽²⁾	24,125			23,561
Data processing equipment and software	36,027			35,469
Machinery, equipment, furniture and fixtures	74,189			68,666
Construction in progress	6,576			6,940
	185,224			178,434
Accumulated depreciation	(110,373		)	(102,367		)
	$	74,851		$	76,067
Accrued expenses and other current liabilities:
Accrued customer obligations ⁽³⁾	$	27,491		$	34,918
Wages and benefits	16,623			44,505
Dividend payable	7,664			8,057
Commissions and professional fees	2,024			5,549
Deferred rent	1,763			1,847
Severance	355			1,415
Other	7,545			9,687
	$	63,465		$	105,978


(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. The Company did not recognize any realized gains or losses on the sale of investments during the three and nine months ended June 29, 2019 and June 30, 2018.


(2)	Certain balances as at September 29, 2018 relating to Property, plant and equipment have been reclassified. These reclassifications have no impact to the Consolidated Balance Sheet as at September 29, 2018.

(3)

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