(4)	Balance Sheet Details

Inventories

Inventories consisted of the following (in thousands):

	May 26,		August 26,
	2017		2016
Raw materials	$	52,537	$	46,746
Work in process		19,545		10,932
Finished goods		63,407		45,388
Total inventories*	$	135,489	$	103,066

As of May 26, 2017 and August 26, 2016, 32% and 45%, respectively, of total inventories represented inventory held under the Company's supply chain services.

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following (in thousands):

	May 26,		August 26,
	2017		2016
Prepayment for VAT and other transaction taxes	$	2,013	$	1,478
Receivable from Purchasing Facility*		1,105		1,429
Unbilled service receivables		1,284		3,563
Prepaid income taxes		3,659		4,602
Deferred initial public offering expense		2,189		—
Deferred tax assets		—		812
Other prepaid expenses and other current assets		5,449		4,638
Total prepaid expenses and other current assets	$	15,699	$	16,522

See Note 3.

Property and Equipment, Net

Property and equipment consisted of the following (in thousands):

	May 26,		August 26,
	2017		2016
Office furniture, software, computers and equipment	$	17,371	$	15,932
Manufacturing equipment		93,232		89,432
Leasehold improvements*		22,353		20,490
		132,956		125,854
Less accumulated depreciation and amortization		80,950		68,254
Net property and equipment	$	52,006	$	57,600

Includes Penang facility, which is situated on leased land.

Depreciation and amortization expense for property and equipment was approximately $4.8 million, $4.4 million, $16.4 million and $13.4 million during the three and nine months ended May 26, 2017 and May 27, 2016, respectively.

Other Noncurrent Assets

Other noncurrent assets consisted of the following (in thousands):

	May 26,		August 26,
	2017		2016
Prepaid ICMS taxes in Brazil*	$	11,683	$	10,219
Prepayment for VAT and other transaction taxes		323		980
Restricted cash		6,878		6,792
Deferred tax assets		1,234		290
Other		1,818		1,656
Total other noncurrent assets	$	21,936	$	19,937

See Note 1(i)

Accrued Liabilities

Accrued liabilities consisted of (in thousands):

	May 26,		August 26,
	2017		2016
Accrued employee compensation	$	13,508	$	8,888
Accrued credits payable to customers		2,106		—
VAT and other transaction taxes payable		1,837		1,791
Income taxes payable		1,531		1,055
Accrued warranty reserve		302		266
Deferred tax liability		—		155
Other accrued liabilities		2,846		1,916
Total accrued liabilities	$	22,130	$	14,071