BALANCE SHEET COMPONENTS

The following tables reflect the components of significant balance sheet accounts as of October 1, 2016 and October 3, 2015:



	As of
(in thousands)	October 1, 2016			October 3, 2015
Inventories, net:
Raw materials and supplies	$	16,376		$	23,541
Work in process	22,733			24,110
Finished goods	69,266			50,518
	108,375			98,169
Inventory reserves	(21,080		)	(19,073		)
	$	87,295		$	79,096

Property, plant and equipment, net:
Buildings and building improvements	$	34,472		$	33,760
Leasehold improvements	19,963			19,512
Data processing equipment and software	29,476			28,861
Machinery, equipment, furniture and fixtures	54,730			52,106
	138,641			134,239
Accumulated depreciation	(88,299		)	(81,005		)
	$	50,342		$	53,234

Accrued expenses and other current liabilities:
Wages and benefits	$	24,248		$	19,166
Accrued customer obligations ⁽¹⁾	13,077			9,215
Commissions and professional fees	10,908			3,880
Deferred rent	2,920			2,450
Severance ⁽²⁾	1,296			1,645
Other	11,505			9,615
	$	63,954		$	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, severance payable in connection with the October 2015 retirement of the Company's CEO of $0.8 million (As of Oct 3, 2015: nil), and other severance payments which are not part of the Company's plan to streamline its global operations and functions.