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BALANCE SHEET COMPONENTS
 9 Months Ended
Jun. 27, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
BALANCE SHEET COMPONENTS BALANCE SHEET COMPONENTS
The following tables reflect the components of significant balance sheet accounts as of June 27, 2020 and September 28, 2019:
 
As of
(in thousands)
June 27, 2020
 
September 28, 2019
 
 
 
 
Short-term investments, available-for-sale(1)
$
194,000

 
$
229,000

 
 
 
 
Inventories, net:
 

 
 

Raw materials and supplies
$
63,878

 
$
52,853

Work in process
41,757

 
32,026

Finished goods
39,663

 
33,742

 
145,298

 
118,621

Inventory reserves
(31,104
)
 
(29,313
)
 
$
114,194

 
$
89,308

Property, plant and equipment, net:
 

 
 

Land
$
2,182

 
$
2,182

Buildings and building improvements
22,542

 
41,961

Leasehold improvements
22,812

 
24,441

Data processing equipment and software
37,760

 
36,302

Machinery, equipment, furniture and fixtures
76,589

 
71,465

Construction in progress
6,578

 
6,512

 
168,463

 
182,863

Accumulated depreciation
(112,637
)
 
(110,493
)
 
$
55,826

 
$
72,370

Accrued expenses and other current liabilities:
 

 
 

Accrued customer obligations (2)
$
25,322

 
$
26,292

Wages and benefits
31,074

 
18,188

Dividend payable
7,431

 
7,582

Commissions and professional fees
2,486

 
2,024

Deferred rent
—

 
1,721

Severance
494

 
1,500

Other
7,817

 
7,226

 
$
74,624

 
$
64,533

(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 27, 2020 and June 29, 2019.
(2)
Represents customer advance payments, customer credit program, accrued warranty expense and accrued retrofit obligations.