Balance Sheet Components

Certain balance sheet components are as follows:



	April 27,		January 26,
	2014		2014
Inventories:	(In thousands)
Raw materials	$	143,773	$	126,896
Work in-process	83,767		94,844
Finished goods	165,740		166,025
Total inventories	$	393,280	$	387,765

At April 27, 2014, we had outstanding inventory purchase obligations totaling $414.2 million.



	April 27,		January 26,
	2014		2014
Accrued Liabilities and Other:	(In thousands)
Deferred revenue, short-term	$	265,668	$	265,616
Accrued customer programs (1)	139,139		157,840
Accrued payroll and related expenses	86,544		109,721
Accrued legal settlement (2)	30,600		30,600
Professional service fees	12,647		13,572
Customer advances	10,043		9,297
Warranty accrual (3)	8,250		7,571
Office lease related liabilities	7,756		3,139
Coupon interest on Notes	6,250		2,500
Taxes payable, short-term	4,497		2,378
Other	17,543		18,871
Total accrued liabilities and other	$	588,937	$	621,105

(1) Please refer to Note 1 of these Notes to Condensed Consolidated Financial Statements for discussion regarding the nature of accrued customer programs and their accounting treatment related to our revenue recognition policies and estimates.

(2) Please refer to Note 12 of these Notes to Condensed Consolidated Financial Statements for discussion regarding the 3dfx litigation.

(3) Please refer to Note 10 of these Notes to Condensed Consolidated Financial Statements for discussion regarding the warranty accrual.



	April 27,		January 26,
	2014		2014
Other Long-Term Liabilities:	(In thousands)
Deferred income tax liability	$	175,236	$	157,953
Income taxes payable, long-term	116,881		119,977
Deferred revenue, long-term (1)	106,169		172,199
Asset retirement obligation	7,365		11,056
Other long-term liabilities	14,123		13,940
Total other long-term liabilities	$	419,774	$	475,125

(1) Represents annual consideration received in advance of our performance obligation under our patent cross licensing agreement with Intel Corporation entered into in January 2011. The decrease in deferred revenue, long-term, is a result of revenue recognized during the three months ended April 27, 2014.