BALANCE SHEET DETAILS

Cash and Cash Equivalents

The following table provides details regarding our cash and cash equivalents at the dates indicated:



	October 1, 2016		July 2, 2016
	(Thousands)
Cash and cash equivalents:
Cash-in-bank	$	71,319	$	70,925
Money market funds	157,261		25,004
	$	228,580	$	95,929

Restricted Cash

As of October 1, 2016, we had restricted cash of $1.1 million, including $0.4 million in other non-current assets, consisting of collateral for the performance of our obligations under certain lease facility agreements, collateral to secure certain of our credit card accounts and deposits for value-added taxes in foreign jurisdictions.

Inventories

The following table provides details regarding our inventories at the dates indicated:



	October 1, 2016		July 2, 2016
	(Thousands)
Inventories:
Raw materials	$	28,777	$	23,751
Work-in-process	31,076		32,819
Finished goods	20,098		19,799
	$	79,951	$	76,369

Property and Equipment, Net

The following table provides details regarding our property and equipment, net at the dates indicated:



	October 1, 2016			July 2, 2016
	(Thousands)
Property and equipment, net:
Buildings and improvements	$	10,264		$	10,389
Plant and machinery	75,574			59,696
Fixtures, fittings and equipment	2,954			3,005
Computer equipment	9,914			9,846
	98,706			82,936
Less: Accumulated depreciation	(21,906		)	(17,891		)
	$	76,800		$	65,045

Property and equipment includes assets under capital leases of $5.2 million at October 1, 2016 and $5.9 million at July 2, 2016, respectively. Amortization associated with assets under capital leases is recorded in depreciation expense.

Other Intangible Assets, Net

The following table summarizes the activity related to our other intangible assets for the three months ended October 1, 2016:



	Core and Current Technology		Development and Supply Agreements			Customer Relationships		Patent Portfolio		Other Intangibles		Amortization			Total
	(Thousands)
Balance at July 2, 2016	$	6,249	$	4,509		$	2,402	$	915	$	3,338	$	(15,915	)	$	1,498
Amortization	—		—			—		—		—		(244		)	(244		)
Translations and adjustments	—		(9		)	—		—		—		—			(9		)
Balance at October 1, 2016	$	6,249	$	4,500		$	2,402	$	915	$	3,338	$	(16,159	)	$	1,245

We expect the amortization of intangible assets to be $0.6 million for the remainder of fiscal year 2017 and $0.6 million for fiscal year 2018, based on the current level of our other intangible assets as of October 1, 2016.

Accrued Expenses and Other Liabilities

The following table presents details regarding our accrued expenses and other liabilities at the dates indicated:



	October 1, 2016		July 2, 2016
	(Thousands)
Accrued expenses and other liabilities:
Trade payables	$	9,357	$	6,429
Compensation and benefits related accruals	14,856		14,038
Warranty accrual	4,600		3,827
Accrued restructuring, current	—		204
Purchase commitments in excess of future demand, current	1,331		1,723
Other accruals	8,850		8,597
	$	38,994	$	34,818

Common Stock

In August 2016, we issued a total of 34,659,972 shares of our common stock in connection with the cancellation of our 6.00% Notes. See Note 5, Credit Line and Notes, for additional information.

On September 21, 2016, we entered into an underwriting agreement (the “Underwriting Agreement”) with Jefferies LLC, as representative of the several underwriters (the “Underwriters”), relating to the offering, issuance and sale (the “Offering”) of 15.0 million shares of our common stock, par value $0.01 per share (the “Common Stock”). The price to the public in the Offering was $8.35 per share. Under the terms of the Underwriting Agreement, we granted the Underwriters a 30-day option to purchase up to an additional 2,250,000 shares of Common Stock. The option was exercised in full by the Underwriters on September 23, 2016. All of the shares in the Offering were sold by us. The Offering closed on September 27, 2016, subject to customary closing conditions. The net proceeds to us after deducting estimated underwriting discounts and commissions and estimated offering expenses are approximately $135.2 million.

Accumulated Other Comprehensive Income

The following table presents the components of accumulated other comprehensive income at the dates indicated:



	October 1, 2016			July 2, 2016
	(Thousands)
Accumulated other comprehensive income:
Currency translation adjustments	$	40,738		$	40,184
Japan defined benefit plan	(363		)	(363		)
	$	40,375		$	39,821