BALANCE SHEET COMPONENTS

6 Months Ended

Mar. 28, 2020

The following tables reflect the components of significant balance sheet accounts as of March 28, 2020 and September 28, 2019:



	As of
(in thousands)	March 28, 2020			September 28, 2019

Short-term investments, available-for-sale⁽¹⁾	$	248,000		$	229,000

Inventories, net:
Raw materials and supplies	$	60,181		$	52,853
Work in process	33,798			32,026
Finished goods	42,764			33,742
	136,743			118,621
Inventory reserves	(30,565		)	(29,313		)
	$	106,178		$	89,308
Property, plant and equipment, net:
Land	$	2,182		$	2,182
Buildings and building improvements	22,284			41,961
Leasehold improvements	22,712			24,441
Data processing equipment and software	37,082			36,302
Machinery, equipment, furniture and fixtures	73,957			71,465
Construction in progress	7,082			6,512
	165,299			182,863
Accumulated depreciation	(109,652		)	(110,493		)
	$	55,647		$	72,370
Accrued expenses and other current liabilities:
Accrued customer obligations ⁽²⁾	$	33,766		$	26,292
Wages and benefits	23,419			18,188
Dividend payable	7,557			7,582
Commissions and professional fees	2,606			2,024
Deferred rent	—			1,721
Severance	880			1,500
Other	10,068			7,226
	$	78,296		$	64,533


(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 three and six months ended March 28, 2020 and March 30, 2019.

(2)

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