BALANCE SHEET COMPONENTS (Tables)

12 Months Ended

Sep. 28, 2019

The following tables reflect the components of significant balance sheet accounts as of September 28, 2019 and September 29, 2018:



	As of
(in thousands)	September 28, 2019			September 29, 2018

Short term investments, available-for-sale⁽¹⁾	$	229,000		$	293,000

Inventories, net:
Raw materials and supplies	$	52,853		$	63,894
Work in process	32,026			37,829
Finished goods	33,742			40,357
	118,621			142,080
Inventory reserves	(29,313		)	(26,889		)
	$	89,308		$	115,191

Property, plant and equipment, net:
Land	$	2,182		$	2,182
Buildings and building improvements ⁽²⁾	41,961			41,616
Leasehold improvements ⁽²⁾	24,441			23,561
Data processing equipment and software	36,302			35,469
Machinery, equipment, furniture and fixtures	71,465			68,666
Construction in progress	6,512			6,940
	182,863			178,434
Accumulated depreciation	(110,493		)	(102,367		)
	$	72,370		$	76,067

Accrued expenses and other current liabilities:
Accrued customer obligations ⁽³⁾	$	26,292		$	34,918
Wages and benefits	18,188			44,505
Commissions and professional fees	2,024			5,549
Dividends payable	7,582			8,057
Deferred rent	1,721			1,847
Severance	1,500			1,415
Other	7,226			9,687
	$	64,533		$	105,978


(1)	All short-term investments were classified as available-for-sale and were measured at fair value based on level one measurement, or quoted market prices, as defined by ASC 820. The Company did not recognize any realized gains or losses on the sale of investments during the fiscal years ended 2019 and 2018.


(2)	Certain balances as at September 29, 2018 relating to property, plant and equipment have been reclassified. These reclassifications have no impact to the Consolidated Balance Sheet as at September 29, 2018.

(3)

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