The following tables reflect the components of significant balance sheet accounts as of January 2, 2016 and October 3, 2015:



	As of
(in thousands)	January 2, 2016			October 3, 2015
Inventories, net:
Raw materials and supplies	$	18,888		$	23,541
Work in process	19,297			24,110
Finished goods	51,046			50,518
	89,231			98,169
Inventory reserves	(19,583		)	(19,073		)
	$	69,648		$	79,096
Property, plant and equipment, net:
Buildings and building improvements	$	33,699		$	33,760
Leasehold improvements	19,428			19,512
Data processing equipment and software	28,694			28,861
Machinery, equipment, furniture and fixtures	52,569			52,106
	134,390			134,239
Accumulated depreciation	(82,314		)	(81,005		)
	$	52,076		$	53,234
Accrued expenses and other current liabilities:
Wages and benefits	$	13,310		$	19,166
Accrued customer obligations (1)	7,430			9,215
Commissions and professional fees	3,015			3,880
Deferred rent	2,448			2,450
Severance (2)	1,975			1,645
Other	8,632			9,615
	$	36,810		$	45,971


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


(2)	Includes the restructuring plan discussed in Note 3, $1.2 million of severance payable in connection with the October 2015 retirement of the Company's CEO, and other severance payments which are not part of the Company's plan to streamline its global operations and functions.